Homework Answers
Agree
A firm which is into full time business needs to concentrate on profits so that it can sustain during bad economic condition and investment needed for expansion of the business. The money being used in business carries cost of borrowing, which needs to be recovered. So, in order to sustain in the long run a firm needs to concentrate more on profits to cover the cost of money and expansion.
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Statement “The primary purpose and bottom line of a business is to generate profits, all else...
2.The purpose of a corporation is to generate wealth for its shareholders. In no more than...
2.The purpose of a corporation is to generate wealth for its shareholders. In no more than 5 sentences, agree or disagree with this statement and argue your case. (There are no wrong answers, just how well you argue). (4 points) Circle one: Agree Disagree
Consider this reasoning: Because the executive is diverting some of the profits that rightfully belong to...
Consider this reasoning: Because the executive is diverting some of the profits that rightfully belong to the shareholders and using them for purposes other than the shareholders directed, an executive who uses some profits fore addressing corporate social responsibility is actually "taxing" the shareholders. Which of the following do you think would best represent Milton Friedman's view of this reasoning? a) He would agree with it, because he argues that the purpose of business is to maximize profits for shareholders....
1. What are the three primary reasons of using a standard cost system? In a business...
1. What are the three primary reasons of using a standard cost system? In a business that routinely manufactures the same products or performs the same services, why are standards helpful? 2. What are ideal standards? What are currently attainable standards? Explain which standard is usually adopted and why. 3. Some people suggest that the direct labor rate variance is never controllable. Do you agree or disagree? Give reasons to support your answer.
The primary purpose of the statement of financial position of a business is to reflect A....
The primary purpose of the statement of financial position of a business is to reflect A. The fair value of the entity’s assets at some moment in time. B. The status of the entity’s assets in case of forced liquidation. C. The entity’s potential for growth in stock values in the stock market. D. Items of value, debts, and net worth. (correct answer) A. Assets are reported in the balance sheet using various measurement attributes, including but not limited to...
When writing a formal business report, you should begin by __________. A. analyzing the primary and...
When writing a formal business report, you should begin by __________. A. analyzing the primary and secondary audiences for gender, age, income, and education B. completing a feasibility test of the market scope, economic indicators, and environmental impact C. conducting research to identify the most credible sources of information D. developing a statement of purpose that explains the goal, significance, and limitations of the report
1. Why regulate the economy at all? Administrative agencies have the power to create regulations, to...
1. Why regulate the economy at all? Administrative agencies have the power to create regulations, to investigate businesses for compliance, and to enforce statutory and administrative law. People disagree as to how much regulation is required, but most people agree it is a practical necessity. Your book provides a variety of reasons as to why it may be necessary to regulate the economy. Select 3 reasons for regulation that are discussed in your book and that you find interesting. Perhaps...
Agree or Disagree and Why? A financial statement is a statement that reports all relevant financial...
Agree or Disagree and Why? A financial statement is a statement that reports all relevant financial information, presented in a “structured manner and in a form easy to understand for managerial use for taking prompt and informed decision making related to investment” (Blessing and E.E. 2015). The analysis of financial statements evaluates the past and current financial situation of a company, allowing it to establish estimates and predictions about future scenarios. Financial analysis is crucial in maintaining a successful business....
(Ch. 4 Level of Interest Rates) State whether you agree or disagree with the following statement:...
(Ch. 4 Level of Interest Rates) State whether you agree or disagree with the following statement: “Implementing structural reforms that make it easier and less costly to open a business and in general foster a more business-friendly climate in a given country is likely to put upward pressure on real interest rates in the country in the short run, all else equal”. Explain your answer. (Maximum 3 sentences, maximum 100 words.)
Construct a PERSONAL (not business) income statement and a balance sheet. MS Excel is recommended for...
Construct a PERSONAL (not business) income statement and a balance sheet. MS Excel is recommended for this work, but it is acceptable to submit a Word document if you are more comfortable using it. The income statement should: Include at least one source of income and least six different expense items. Income and expenses should each be totaled and the difference between income and expenses should be shown as the "bottom line." The balance sheet should include: At least five...
1.Define the three primary types of decision making systems and how robots in the workplace could affect each. Provide e...
1.Define the three primary types of decision making systems and how robots in the workplace could affect each. Provide examples to support your answer. 2.Describe the difference between transactional and analytical information, and determine how robots could affect each for a grocery store such as Safeway. 3. Robots are better than humans in all business capacities. Do you agree or disagree with this statement? Why? 4.What are the capabilities associated with digital dashboards? Provide two examples from your workplace, organization...
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