Abel Corp. is a wholesaler for Global Electric in the French market. Global Electric discovered that Abel Corp. was diverting some of its goods to the English market. Abel could get a greater profit in the English market because the goods were bought by the firm at a cheaper price in France. What is Abel engaged in?

Answers

Answer 1
Answer:

Answer:

Abel Corp is engaged in maximizing profits.

Explanation:

By different reasons (trade barriers, exchange rate fluctuations, a shift in preferences in Britain increasing demand of Global Electric goods type), there is a market opportunity to increase profits per unit sold faster in Britain than France. IF Abel Corp is not bound by a commercial agreement with Global Electric to sell its products only in France, Global Electric cannot make a complaint about selling its products in another market.


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Nolan Company's cash account shows a $29,193 debit balance and its bank statement shows $28,152 on deposit at the close of business on June 30. Outstanding checks as of June 30 total $2,801. The June 30 bank statement lists $32 in bank service charges; the company has not yet recorded the cost of these services. In reviewing the bank statement, a $80 check written by the company was mistakenly recorded in the company’s books as $89. June 30 cash receipts of $3,853 were placed in the bank’s night depository after banking hours and were not recorded on the June 30 bank statement. The bank statement included a $34 credit for interest earned on the company’s cash in the bank. The company has not yet recorded interest earned. Prepare a bank reconciliation using the above information.

Answers

Answer:

Explanation:

Bank reconciliation is practice of reconciling the bank account balance in a company's book to the balance reported by the bank i order to discover and correct any discrepancy

Workings

Bank reconciliation for Nolan  for the month of June

Bank statement balance                                28,152  

Add bank deposit              3,853                    3853

                                                                        32,005

Less outstanding check   (2801)                      (2801)

                                                                         29,204

Cash book balance                                         29,193

Add back error in check (89-80)      9

Interest Earned                                 34                 43

                                                                          29,236

Less bank charges                           32                (32)

                                                                          29,204

Biochemical Corp. requires $720,000 in financing over the next three years. The firm can borrow the funds for three years at 10.20 percent interest per year. The CEO decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 8.50 percent interest in the first year, 12.90 percent interest in the second year, and 9.75 percent interest in the third year. Assume interest is paid in full at the end of each year.Required:
a. Determine the total interest cost under each plan.
b. Which plan is less costly?

i. Short-tem variable-rate plan
ii. Long-term fixed-rate plarn

Answers

Answer:

Long-term fixed-rate plan-$220,320.00  

Short-term variable-rate plan-$224,280.00  

The long-term fixed-rate plan is less costly as it has a lower interest expense

Explanation:

Total interest under the first plan=principal amount*interest rate*3 years

principal amount is $720,000

interest rate is 10.20%

total interest expense=$720,000*10.20%*3=$220,320.00  

Interest expense under second plan=($720,000*8.50%)+($720,000*12.90%)+($720,000*9.75%)=$224,280.00  

According to the quantity equation, the price level would change less than proportionately with a rise in the money supply if there were also

Answers

Answer:

the correct answer is either a rise in output or a fall in velocity.

good luck

A goal is a specific commitment to achieve a measurable result within a stated period of time. A) True
B) False

Answers

Answer:

The correct answer is letter "A": True.

Explanation:

Goals represent the objectives companies set that must be achieved within a specified period of time. Goals represent what firms want to achieve and where they want to be positioned in the market. Goals have the characteristic of being measurable, which means entities can monitor the progress of the path of reaching a goal and observable, which implies they are realizable.

Final answer:

The statement is true. A 'goal' represents a commitment to a specific, measurable outcome to be achieved within a defined time frame; this concept is often referred to as SMART goals.

Explanation:

The statement 'A goal is a specific commitment to achieve a measurable result within a stated period of time' is indeed true. Also known as SMART goals, this concept is frequently used in business and personal development contexts. The SMART acronym stands for Specific, Measurable, Achievable, Relevant, and Time-based, which succinctly sums up the essential elements of an effective goal. For example, a student might set a goal to 'Achieve an A grade in history this semester,' which is specific, measurable, presumably achievable, relevant to their academic success, and time-bound by the length of the semester.

Learn more about Goal Setting here:

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Mila is helping to set performance targets for her company, Urban Supply. The target of increasing the company's online customer satisfaction rate by 1% in the next quarter is an example of a performance target focused on the customer perspective of the balance scorecard.a. true
b. false

Answers

Answer: True

Explanation:

The balanced scorecard perspective implies that the company has to satisfy their customer through the provision of quality products and services.

From the question, the target of increasing customers satisfaction is a good example of a performance target that is focused on customer's perspective of the balance scorecard. This means that the statement is true.

the c shellsort() function takes an array of gap values as a parameter. the array must contain a gap value of to guarantee proper sorting.

Answers

If the collection of gap values contains 1, ShellSort will correctly sort an array using that collection. the InsertionSort method The normal insertion sort is identical to interleaved with a gap of 1.

How does Shellsort work?

An expanded variant of the insertion sort algorithm is shell sort. In order to lessen the distance between the components to be sorted, it first sorts those that are far apart from one another. Based on the chosen sequence, the space between the pieces is compressed.

What is gap size in shell sort?

We start by selecting a gap size, which establishes the distance between the values in a subsequence. In the case of a starting gap size of 6, for instance, the first subsequence would contain values at positions 1, 7, 13, 19, and so forth, whereas the second subsequence would contain values at positions 2, 8, 14, 20, and so forth.

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