Answer:
Dividend Paid $743
Explanation:
From retained earnings, we can work out dividend paid
Retained earnings beginning $460
Net income for the year $993
Retained earnings-closing ($710)
Divided paid $743
Answer:
One behavioral bias that might explain why Schlicksup was prepared to take the risk of blowing the whistle in this case is Reducing Regrets.
Explanation:
The only sin of Schlicksup was that he "was an accountant at Arthur Andersen (he auditing firm that was criminally indicted in the Enron scandal and went out of business)." Self-convinced that he was going to get fired from Caterpillar, he then wanted to blow the whistle by 2008, which he should have done before being employed in Caterpillar, anyway. He is surely suffering from the bias of reducing his regrets. This makes him to be emotionally involved and to reach wrong conclusions that might not be based on facts. He did not even ask himself if he was involved directly in the Enron-Arthur Andersen scandal. Even if he was directly involved, has he not expressed remorse for his former actions to enable him to move on in life? Schlicksup is simply going to illogical lengths to avoid having to own the feeling of regret.
Answer:
firms originate, produce, and market their products and services worldwide.
Explanation:
Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.
Some examples of international economic organizations involved in global economy and trade are;
World Trade Organization (WTO).
United Nations (UN).
International Monetary Fund (IMF).
Global competition exists when firms originate, produce, and market their products and services worldwide.
Answer:
The natural monopoly will have incentives for efficiency and innovation
Explanation:
Monopoly my be defined as taking or having an excessive control or charge over the trade of a particular commodity or product or the control over the supply of a particular product on the market by one particular group or person.
In the context, the cost-plus approach requires the monopoly in order to change the price which includes normal return to the average cost. So the monopolist does not have any incentive for innovating efficient technology so as to reduce its cost. Thus we can promote innovation and efficiency by not using the cost plus policy.
Answer:
changes in the quantity being produced.
Explanation:
There are primarily two types of costs, i.e. variable costs and fixed costs. The variable cost is the cost that varies when the level of production changes while the fixed cost is the cost that remains unchanged whether or not the level of production changes
So, indirect material, indirect labor, and factory supplies are included in the variable cost, and the fixed cost includes supervision, taxes, and depreciation costs.
