Answer:
1. Thorstein Veblen.
2. Alfred Marshall.
3. Alfred Chandler, Jr.
4. Economies of throughput ('economies of speed').
5. First mover advantage.
6. Planned obsolescence.
7. The rule of reason.
Explanation:
1. <u>Thorstein Veblen:</u> Economist who observed that "invention is the mother of necessity."
2. <u>Alfred Marshall:</u> Economist whose Principles of Economics marked the theoretical separation of politics and economics.
3. <u>Alfred Chandler, Jr.</u>: Economic historian who wrote, The Visible Hand: The Managerial Revolution in American Business.
4. <u>Economies of throughput ('economies of speed'):</u> Realizing lower costs by maintaining a high speed and volume of flow from raw materials to finished goods.
5. <u>First mover advantage</u>: The competitive edge a business gets from being the first to adopt a new technology which will become the standard.
6. <u>Planned obsolescence:</u> Designing a product to have a limited useful life in order to encourage future sales.
7. <u>The rule of reason:</u> The rule developed by the Supreme Court to make the Sherman Act workable in an era in which businesses were organizationally and technologically compelled to restrain trade
Answer:
E. $60,500
Explanation:
The expect cash receipts for January include: 20% of all November credit sales, 50% of all December credit sales, 100% of January cash sales and 30% of January credit sales.
The $12,000 accounts receivable from November will be received in full in January.
The $42,000 accounts receivable from December correspond to the 70% to be received over January and February. The amount received in January is:
![AR_{Dec}=\$42,000*\frac{0.5}{0.7}\\AR_{Dec}=\$30,000](https://tex.z-dn.net/?f=AR_%7BDec%7D%3D%5C%2442%2C000%2A%5Cfrac%7B0.5%7D%7B0.7%7D%5C%5CAR_%7BDec%7D%3D%5C%2430%2C000)
The amount received from January cash sales is:
![Cash_{Jan} = \$50,000*0.1\\Cash_{Jan} = \$5,000\\](https://tex.z-dn.net/?f=Cash_%7BJan%7D%20%3D%20%5C%2450%2C000%2A0.1%5C%5CCash_%7BJan%7D%20%3D%20%5C%245%2C000%5C%5C)
The amount received from January credit sales (30%) is:
![Credit_{Jan} = \$50,000*0.9*0.3\\Credit_{Jan} = \$13,500](https://tex.z-dn.net/?f=Credit_%7BJan%7D%20%3D%20%5C%2450%2C000%2A0.9%2A0.3%5C%5CCredit_%7BJan%7D%20%3D%20%5C%2413%2C500)
The total cash amount (T) received in January is:
![T=\$12,000+$30,000+$5,000+$13,500\\T=\$60,500](https://tex.z-dn.net/?f=T%3D%5C%2412%2C000%2B%2430%2C000%2B%245%2C000%2B%2413%2C500%5C%5CT%3D%5C%2460%2C500)
Answer:
When interest rate are higher than coupon rate the company may want to purchase the bond in the open market
Explanation:
As the market value of the bond is considered as the present value of the coupon and maturity discounted at market rate a higher rate will make the present value of the bond to decrease therefore, below par. this makes the company a better option to purchase the bond rather than calling if it wants to retire the bonds.
Answer:
C) Work teams generate positive synergy through coordinated effort.
Explanation:
<u><em>Work teams is a team formed with number of individuals working for the same goal, who posses different talents and values, and joint together, providing a positive synergy in the team, towards the common goal.</em></u>
Work teams are focused and for reaching the goals, distribute the work among themselves through a facilitator, who is said to lead the work team, in the process of achieving a common goal.
Therefore, correct statement is:
Statement C