The __________ is the system of relationships that develop spontaneously as employees meet and form power centers.

The process of buying an underpriced security and selling an equivalent overpriced security until the prices converge is known a

ipn [44]

The process of buying an underpriced security and selling an equivalent overpriced security until the prices converge is known as arbitrage. This statement is true.

<h3>What Is Arbitrage?</h3>

The arbitrage approach, used in foreign exchange trading, allows investors to lock in profits by simultaneously buying and selling the same security, good, or currency on two different marketplaces. By using this strategy, traders can profit from the disparities in pricing for the same asset across the two different regions that are represented on each side of the trade.

Arbitrage is the practice of purchasing an underpriced security and selling an equivalently-priced asset until the prices converge. Trading on illegal insider knowledge may result in abnormal profits even if the efficient market theory is accurate in a semi-strong sense.

To know more about Arbitrage, refer:

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7 0

1 year ago

The qualities needed for effective leadership are the same as those needed to be an effective follower. Group of answer choices

enot [183]

It is true that the qualities needed for effective leadership are the same as those needed to be an effective follower.

<h3>Who is a leader?</h3>

A leader is someone who gets things done through others. A leader rely on his or her followers to be able to achieve an organizational' s goals and objectives.

For a leader to be able to deliver effectively, he or she must have followers who have similar goals and must be effective as well.

Hence, it is true that the qualities needed for effective leadership are the same as those needed to be an effective follower.

Learn more about leadership here : brainly.com/question/17306630

3 0

2 years ago

Woodland industries manufactures and sells custom-made windows. Its job costing system was designed using an activity-based cost

MaRussiya [10]

Answer:

Explanation:

a.

Direct materials 101,500

Direct labour (13,600 * 13) 176, 800

Materials handling (508 * 0.28) 142.24

Cutting and lathe work (508 * 12.32) 6258.56

Assembly and inspection (13,600 * 17.5) 238,000

Total manufacturing cost 522,700.8

Cost per unit produced = 522,700.8 / 3,050 =

= 171.377 per unit.

b.

Predetermined overhead rate = Estimated overhead costs / Estimated Direct labour hours

(61,600 + 2,710,400 + 3,850,000) / 220,000

= 30.1 per direct labour hour

Direct materials 101,500

Direct labour (13,600 * 13) 176,800

Manufacturing overhead (13,600 * 30.1) 409,360

Total manufacturing cost 687,660

Cost per unit produced = 687,660/ 3,050

= 225.46 per unit.

3 0

3 years ago

Sid has decided to leave his $70,000-a-year landscape design job and open a new kayak business. his insurance cost is expected t

Karo-lina-s [1.5K]

Economic profit refers to the profit earned by deducting the implicit cost and the explicit cost from the total revenue.

Economic Profit = Total revenue - (Explicit cost + Impllicit Cost)

where Total Revenue = $100,000

Explicit Cost = $2000 + ($25000*10%) = $4500

Implicit Cost = $70000 + $10000 = $80000

Economic Profit = $100,000 - ($4,500 + $80,000)

Economic Profit = $100,000 - $84,500

Economic Profit = $15,500

Hence, Sid's Economic Profit is equal to $15,500

4 0

2 years ago

The cash account for Stone Systems at July 31, 20Y5, indicated a balance of $17,750. The bank statement indicated a balance of $

omeli [17]

Answer:

The bank reconciliation statement is as shown below:

Amount in $

Balance per bank statement 33,650.00

Deposit in transit 9,150.00

Outstanding check (17,865.00)

Bank charges 80.00

Note collected (6,095.00)

Returned check (540.00)

Check drawn <u> (630.00) </u>

Book balance <u> 17,750.00</u><u> </u>

Explanation:

Deposit in transit has been recorded in the books, thus the addition to the bank balance. Bank charges have been deducted from the bank balance but not in the cash book hence it is added back. Note collected is yet to be recognized in the books hence the deduction from the bank balance.

Amount recorded from the check returned is more than the actual by $540 hence the deduction. The check drawn has been over charged by the bank to the tune of $630 hence the deduction.

5 0

3 years ago