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4 years ago

What is the difference between patronage and the merit principle?

1 answer:

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Patronage principle based its hiring and promotion system on political reasons while the merit principle employed the idea that hiring should be based on entrance examination and promotion. One of the major disadvantage of the patronage principle is that, it may end up employing people who are not qualify for the job. Merit principle choose based on qualifications.

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On January 1, a company issued a $50,000 face value, 8% five-year bond for $46,139 that will yield 10%. Interest is payable on J

sammy [17]

Answer: B. 46,768

Explanation: Completing an amortization table would allow us find for the present year the bond carrying amount.

The face amount of the bond multiplied by the coupon rate gives the interest payment. This payment adjusted for the number of installments paid per year is $2,000 which is given by:

50,000 × (8/2)% interest (half the year).

Interest expense is calculated as the effective rate of 5% multiplied by the beginning of the year's carrying value. The difference between the interest payment and interest expense give the amortization of discount.

Carrying Value: 46,139 (A) Value at 1/1/X1

Cash: 2 ,000 &n bsp; (50,000 x .04) (B) Never Changes

Expense: 2,30 6.95 (46,139 x .05) (C)

(B - C) -306.95 (D)

(A - D) 46,445.95 (Carrying Value at 6/30/X1)

----------------

Carrying Value: 46,445.95 (A) Carrying Value at 6/30/X1

Cash: 2,000.0 0 (50,000 x .04) (B) Never Changes

Expense: 2,322.30 (46,445.95 x .05) (C)

(B - C): -322.30 (D)

(A - D): 46,768.25 (Carrying Value at 12/31/X1

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3 years ago

A drug interdiction program that successfully reduces the supply of illegal drugs in the United States likely will

Darya [45]

Answer:

The answer is: D) raise the price, reduce the quantity, increase total revenues, and increase crime.

Explanation:

According to the law of supply and demand, when the supply of any given product is artificially lowered, the supply curve will shift:

this will cause the price of that product to increase
the profit margin of the suppliers will increase, increasing total revenue
since illegal drugs would increase in crime, we can expect an increase in the crime rate on drug related crimes (e.g. addicts robbing).

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3 years ago

Hello everyone today is the 28 and I hope you are getting some with your school and approving I wanted to reach out to you that

fgiga [73]

Answer:K

Explanation:

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3 years ago

Read 2 more answers

What consequences do borrowers face if they miss many payments?

Oksi-84 [34.3K]

Depends on who they are owing money. But the party that lent the money can take legal action against the borrower and can get the state involved to seize property from him/her. Also depends on state and local law.

6 0

3 years ago

katie, a salesperson for so1 computers, is faced with an objection from one of her prospects. the prospect says that the fraphic

xz_007 [3.2K]

Complete question reads;

Katie, a salesperson for Sol Computers, is faced with an objection from one of her prospects. The prospect says that the graphics of the computers do not meet his requirements. Katie listens to the objection and makes it known to her prospect that she has received the message. According to the LAARC method, which of the following should Katie do next?

(A) Continue listening

(B) Assess the objection

(D) Respond to the objection

(E) Change the subject of the conversation

Answer:

(B) Assess the objection

Explanation:

Remember, the LAARC method an acronym fully means;

Step 1: LISTEN,

Step 2: ACKNOWLEDGE,

Step 3: ASSESS,

Step 4: RESPOND,

Step 5: CONFIRM.

So, at this point according to the LAARC method, Katie should access the objection by getting a sense of why the prospect feels the computer does not meet requirements. Her ultimate goal is to try and ensure a sale of the computer.

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3 years ago