One problem with socially responsible business policies is that they tend to undermine the value of the firm to its owners.True or False?

Answer:

Soldiering

Explanation:

Since in the question it is mentioned that the Won League Lotteries plans to close down one of its offices due to which the employers are sad that results in not picking up the customer calls, not spend full-time hours as prescribed

So this is a case of soldiering in the viewpoint of scientific management and these employees behavior represents the soldiering case and the same is to be considered

Answer:

debit Unearned Rent Revenue and credit Rent Revenue, $12,000.

Explanation:

Provided information we have,

Rent is received on 1 September 2017 for a period of 1 year on which it is accounted as Unearned Rent amounting $36,000.

Entry on that date would be

Cash A/c Dr.                  $36,000

To Unearned Rent                        $36,000

At the end of the year on 31 December 2017, we have period of current year lapsed = 1 September to 31 December = 4 months.

Thus rent income for the year = $36,000 = $12,000

Therefore this rent of $12,000 will be recognized as rent income for the year 2017.

Entry will be

Unearned Rent A/c Dr.            $12,000

          To Rent Revenue                         $12,000

Final answer:

At the end of the year, Pappy Corporation should debit Unearned Rent Revenue and credit Rent Revenue by $12,000 as part of an adjusting entry to reflect 4 months of earned rent. The remainder stays in Unearned Rent until it's earned in the following year.

Explanation:

The transaction from September 1, 2017, where Pappy Corporation received cash of $36,000 for one full year's rent in advance, is recorded with a credit to Unearned Rent. The Unearned Rent is a liability account which shows that Pappy Corporation has an obligation to provide the rent space in the future. At the end of the year, December 31, 2017, an adjusting entry should be made to transfer a third of the rent payment ($12,000) from the Unearned Rent account to the Rent Revenue account as by this time four months of rent have been earned. Hence, the accurate adjusting entry is debit Unearned Rent Revenue and credit Rent Revenue, $12,000. The remaining $24,000 stays in the Unearned Rent account until it is earned in the following year.

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Answer:

annual withdrawal = $15096.04

Explanation:

given data

present value = $50,000

annual rate = 8%

time = 4 year

to find out

How much can you withdraw each year

solution

we find here annual withdrawal amount that is express as

annual withdrawal =   ................1

here r is rate and t is time

so put here value we get

annual withdrawal =  

annual withdrawal =

annual withdrawal = $15096.04

The price and quantity chosen by Jerry will likely maximize profits, as he has no competitors to worry about and can set prices at the level that maximizes revenue. Therefore, option A is correct.

What is monopoly?

Monopoly is a market structure in which a single company or entity has exclusive control over the production and distribution of a particular product or service, with no close substitutes. This means that the monopolist has significant market power and is able to set prices higher than the competitive level, resulting in higher profits.

Based on the fact that Jerry's Phone Service is a monopoly, it is possible to conclude that:

• The price and quantity chosen by Jerry will likely maximize profits, as he has no competitors to worry about and can set prices at the level that maximizes revenue. Therefore, option C is correct.

• It is not possible to determine whether the price and quantity chosen by Jerry will result in efficient use of resources, as this would depend on the specific circumstances of the market and the resources involved. Therefore, option A is not necessarily correct or incorrect.

• It is not possible to determine whether the price and quantity chosen by Jerry will result in an equilibrium price, as this would depend on the demand for his service and his willingness to adjust prices in response to changes in demand. Therefore, option B is not necessarily correct or incorrect.

• It is not likely that the price and quantity chosen by Jerry will cause a shortage of goods, as he has a monopoly and is able to control the supply of his service. Therefore, option D is incorrect.

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A monopoly is a market structure where one seller has a unique product that is on the market. There is no competition and there are no perfect substitutes from the product. The seller holds all of the power in pricing the item due to no competition. Based on the definition the price and quantity chosen by Jerry will efficiently use all of the resources.