Answer:
New Keynesian economists critique rational expectations by arguing that short-term wage stickiness is brought about by
b. imperfect information and efficiency wages.
Explanation:
The assumption in macroeconomic theories is that economic agents, households, and companies exercise rational expectations. The New Keynesian economics posits that rational expectations have become distorted as a result of market failure, arising from asymmetric information and imperfect competition, thus questioning the ability of markets to self-regulate and self-correct.
Answer:
1. Metlock, Inc.
Dr Cash $36,225
Cr Sales revenue $34,500
Cr Sales Tax Payable $1,725
2. Carla Vista Co
Dr Cash $24,804
Cr Sales revenue $24,082
Cr Sales Tax Payable $722
Explanation:
Preparation of the entries to record the sales transactions and related taxes for Metlock, Inc. and Carla Vista Co..
1. Metlock, Inc.
Dr Cash $36,225
($34,500+$1,725)
Cr Sales revenue $34,500
Cr Sales Tax Payable $1,725
2. Carla Vista Co
Dr Cash $24,804
Cr Sales revenue $24,082
($24,804/1.06)
Cr Sales Tax Payable $722
($24,804-$24,082)
Answer:
Sarbanes Oxley act of 2002 is law of United States passed on 30th July 2002. This act helps to protect investor from fraudulent financial reporting by organizations. The act requires all companies to include report on their internal controls in the Financial reports.
Explanation:
The section 302 of the act directs the Securities and Exchange Commission to adopt rules to adopt financial officer who certify company's annual, interim and quarterly financial reports. The main purpose is to minimize any chance of intentional frauds or deceive investors. The officers review financial reports of the company and certify that these reports does not cover any significant wrong statement, Financial statements of the company are fairly presented based on the knowledge of the officer. He is also responsible to review the report of internal controls of the company to ensure that there is no weakness in controls which can lead to frauds in the organization.
Answer:
Concentrated Targeting Strategy
Explanation:
Concentrated Targeting Strategy refers to a situation in which an organization focus its marketing efforts on only a specific segment of the market. That is, only one marketing mix is developed.
Concentrated Targeting Strategy allows the producer focus on the needs and wants of a particular segment of the consumers/ population. The producer directs all it's efforts to the satisfaction of a segment of the consumers.
Concentrated Targeting Strategy could be disadvantageous if the demand of the focused segment of consumers is low. Low demand will affect the financial position of an organization.