Which of the following is NOT one of the four industry categories?a. tertiary industries
b. primary industries
c. trinity industries
d. secondary industries

Answers

Answer 1

Answer: The best answer to the question 'which of the following is not one of the four industry categories' would be letter c. Trinity industries does not fall under the industry categories. Tertiary, primary, and secondary industries - along with quaternary industries- are the four industry categories.

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Tom Tom LLC purchased a rental house and land during the current year for $150,000. The purchase price was allocated as follows: $100,000 to the building and $50,000 to the land. The property was placed in service on May 22. Calculate Tom Tom's maximum depreciation for this first year:
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 32,000 Indirect materials included in manufacturing overhead $ 4,680 Direct labor $ 59,300 Manufacturing overhead applied to work in process $ 87,100 Underapplied overhead $ 4,100 Inventories Beginning Ending Raw materials $ 11,200 $ 20,000 Work in process $ 56,000 $ 68,500 Finished goods $ 34,900 $ 43,700 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold.

1. Which of the following types of relationships exists when a person hires another person to perform some form of physical service but does not authorize that person to enter into contracts on his or her behalf? A) employer-employee relationship
B) employer-agent relationship
C) principal-third party relationship
D) principal-agent relationship

Answers

Answer:

the best answer i can find here is A

5. Monopoly outcome versus competition outcome Consider the daily market for hot dogs in a small city. Suppose that this market is in long-run competitive equilibrium with many hot dog stands in the city, each one selling the same kind of hot dogs. Therefore, each vendor is a price taker and possesses no market power. The following graph shows the demand (D) and supply curves (S = MC) in the market for hot dogs.

Answers

The graph shows that as quantity of hot dogs and the price of hot dogs increases, the supply of hot dogs will increase while the demand from customers will decrease. The point on the graph that will show the market price and quantity resulting from competition is where the supply and demand lines will meet (at 60 hot dogs and $3.5 per hot dog). The area that represents consumer surplus will be anywhere on the graph where the demand from the consumers is higher than the supply of the hot dogs. Conversely, the area that represents producer surplus will be anywhere on the graph where the supply of the hot dogs is greater than the demand from the consumers.

Quick Eats is a fast-food restaurant that has recently entered the hospitality industry. Since most of its competitors are pursuing a low-cost position and doing well, Quick Eats also wants to adopt the same strategy. Which of the following will be a likely implication of this decision?A. Quick Eats will face low profit potential.
B. Quick Eats will be able to create higher value for its customers.
C. Quick Eats will be better placed to gain a competitive advantage in the industry.
D. Quick Eats will not face any direct competition in the industry.

Answers

Answer:

Which of the following will be a likely implication of this decision?.

B. Quick Eats will be able to create higher value for its customers.

Explanation:

A competitive advantage is to create value for your customers that in many cases your competitors cannot. Among which we can highlight lower cost, faster service, better customer service, a more convenient location.

Which of the following is NOT an internal factor of decision making?a. ethics
b. emotions
c. peer pressure
d. attitude

Answers

Internal means inner or personal. Not internal means external or outside. With this in mind, Choice C. Peer pressure is NOT an internal factor of decision making. Peer pressure is an external factor. It is created by the people surrounding you. Internal factors in decision making includes your ethics, your emotions, and your attitude.

The correct option is (c).

Peer pressure is not an internal factor of decision making.

Further Explanation:

The internal factor of decision making:

The internal factors of decision making are ethics, emotions, and attitude.

Justification for the correct and incorrect answer:

ethics: This option is incorrect.

While taking any decision, ethics are considered as it is crucial, and ethics and values must be considered while making any decision regarding anything.

emotions: This option is incorrect.

While decision making, it is an essential internal factor to consider emotions.

peer pressure: This option is correct.

Peer pressure is not an internal factor of decision making. Therefore, this option is correct.

attitude: This option is incorrect.

Attitude affects the decision-making process, and it is an essential internal factor of decision making.

Therefore, peer pressure is not an internal factor in decision making.

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Answer Details:

Grade: High school

Chapter: Decision making

Subject: Business studies

Keywords:

Which of the following is not an internal factor of decision making, ethics, emotions, peer pressure, attitude, peer pressure is not an internal factor of the decision making, therefore, this option is correct, while taking any decision, ethics are considered as it is crucial, and ethics and values must be considered while making any decision regarding anything, while decision making, it is an essential internal factor to consider the emotions, attitude affects the decision-making process and it is a crucial internal factor of decision making.

McGuire company acquired 90 percent of Hogan Company on January 1, 2010, for $234,000 cash. This amount is reflective of Hogan's total fair value. Hogan's stockholders' equity consisted of common stock of $160,000 and retained earnings of $80,000. An analysis of Hogan's net assets revealed the following:

Book Value Fair Value
Buildings (10-year life) $10,000 $8,000
Equipment (4-year life) 14,000 18,000
Land 5,000 12,000
Any excess consideration transferred over fair value is attributable to an unamortized patent with a useful life of 5 years.
In consolidation at December 31, 2011, what adjustment is necessary for Hogan's Equipment account?

A) $1,800 increase
B) No adjustment is necessary
C) $2,000 increase
D) $1,800 decrease
E) $2,000 decrease

Answers

Answer:

Option (C) is correct.

Explanation:

Increase in equipment value as on 01-Jan 2019:

= Market value - Book value

= $18,000 - $14,000

= $4000

Depreciation for 2019:

= $4000 ÷ 4

= $1000

Depreciation for 2020:

= $4000 ÷ 4

= $1000

In consolidation adjustment to equipment at Dec 31,2020:

= Increase in equipment value - Depreciation for 2019 - Depreciation for 2020

= $4000 - $1000 - $1000

= $2000 Increase

Final answer:

To adjust Hogan's Equipment account in the consolidation, an increase of $1,800 should be made, representing the amortization of the fair value adjustment for McGuire's share of Hogan over two years.

Explanation:

The question at hand involves determining the necessary adjustment for Hogan's Equipment account in the consolidation process on December 31, 2011, after McGuire Company acquired 90 percent of Hogan Company. Given that the book value of Hogan's equipment is $14,000 and the fair value is $18,000, there is a $4,000 fair value increment. Since the equipment has a useful life of 4 years, $1,000 ($4,000/4 years) should be amortized each year.

By the end of 2011, this amortization impact for two years ($1,000 * 2) should be $2,000. However, McGuire only owns 90% of Hogan, so the adjustment for the Equipment account on McGuire's consolidation worksheet is $1,800 ($2,000 * 90%). Thus, the correct adjustment is a $1,800 increase in the Equipment account to reflect the amortization of the fair value adjustment for McGuire's share of Hogan.

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The Waverly Brush Company issued 4,000 shares of common stock worth $200,000.00 total. What is the par value of each share?a. $40
b. $50
c. $500
d. $400
With _______ insurance, the insured agrees to pay a specific premium each year until death.
a. whole-life
b. endowment life
c. limited-payment
d. half life

Answers

The right answer for the question that is being asked and shown above is that: "c. $500." The Waverly Brush Company issued 4,000 shares of common stock worth $200,000.00 total. The par value of each share is c. $500.

The right answer for the question that is being asked and shown above is that: "c. limited-payment." With limited-payment insurance, the insured agrees to pay a specific premium each year until death.

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