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2 years ago

High levels of _____ create a higher probability that firms cut corners because margins are usually low.

1 answer:

3 0

High levels of competition create a higher probability that firms cut corners because margins are usually low.

When there is a lot of competition in the market, producers will sometimes cheapen their product of their materials to mass produce quantity instead of focusing on the quality. This is because they are in constant competition with their competitors and want to get as many products on the market as they can.. and fast!

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. A company is authorized to issue 750,000 shares of $5 par value common stock. Prepare journal entries to record the following

Rudiy27

Answer:

The answers are:

January 10

Cash $816,000

Common stock $510,000

Contributed capital in excess

of par value, common stock $306,000

January 15

Equipment $80,000

Common stock $50,000

Contributed capital in excess

of par value, common stock $30,000

February 1

Organizational expenses $3,000

Common stock $25,000

Contributed capital in excess

of par value, common stock $500

Explanation:

Contributed capital in excess of par value is the amount of money (or other assets) over the par value of stock (in this case $5 per common stock) that the company received form shareholders in exchange for stock.

5 0

2 years ago

Jim left his previous job as a sales manager and started his own sales consulting business. He previously earned $70,000 per yea

emmainna [20.7K]

$45,000 per year is the economic cost of the time he contributes to the new business.

<h3>Explanation:</h3>

The difference between the accounting cost and the implicit cost refers to the economic cost. Implicit cost refers to the opportunity cost that the person incurs when he makes a choice. For example consider Geetha is spending something for watching a movie. The cost that she spends for the movie and the cost that can be forgone by her when she spends that for some other things will be included in the economic cost.

In the example given Jim was earning d $70,000 per year and now he is paying himself $25,000 per year for building a new business. Thus the economic cost will be $70,000 -$25,000 = $45,000 per year. Here the accounting cost is $70,000 and the implicit cost is $25,000.

8 0

2 years ago

A manager who encourages risk taking and creativity would most likely be in a(n) _______ organizational culture.

Vinil7 [7]

Answer:

Adhocracy Culture

Explanation:

An adhocracy culture is based on energy and creativity. Employees are encouraged to take risks, and leaders are seen as innovators or entrepreneurs. The organization is held together by experimentation, with an emphasis on individual ingenuity and freedom. The core values are based on change and agility.

5 0

2 years ago

Susan quit her job as a teacher, which paid her $36,000 per year, in order to start her own catering business. she spent $12,000

meriva

The answer is D.
Continue to operate her business, and she is also in long run equilibrium.

4 0

2 years ago

Which one of the following forms is used in connection with registration of securities of a small reporting company with $25 mil

ki77a [65]

Answer: S-1

Explanation:

According to the the securities and exchange commissions, the S-1 is the registration under the SEC act of 1933. Whereby a company file form S-1 in anticipation of IPO (initial public offering).The company must be small reporting company with $25 million of annual revenues and of $25 million of voting securities held by non-affiliates.

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2 years ago