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Zigmanuir [339]
2 years ago
13

Anytime it is snowing when Joe Commuter gets up in the morning, he misjudges how long it will take him to drive to work. When it

is not snowing, his expectations of the driving time are perfectly accurate. Considering that it snows only once every ten years where Joe lives, Joe’s expectations are almost always perfectly accurate.” Are Joe’s expectations rational? Why or why not?
Business
1 answer:
Kruka [31]2 years ago
4 0

Answer:

Joe's expectation are irrational as there is a scope of improvement in his expectation.

Explanation:

The expectation of Joe is not rational. Our expectation about something does not always remain the same.Improvement can be there.

Joe's expectation could still be improved by accounting for snowfall in his forecasts. Rational expectation means making a perfect guess about something going to happen in the future but in Joe's case, it not necessary that he will make a perfect guess about the driving time so his expectation is not rational.

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When a company has a monopoly on a product, there is no other competition so that producer can price the product however high they want.  When there is competition, the product must be priced appropriately or the consumer will go to another option. Additionally, monopolies can result is a lesser quality product. 
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How to identify the significant accounts, disclosures, and relevant assertions in auditing long-lived assets?
RSB [31]

An account or disclosure is a vast account or disclosure if there's an inexpensive possibility that the account or disclosure should contain a misstatement that, personally or when aggregated with others, has a fabric impact on the financial statements, considering the risks of each overstatement.

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To be able to become aware of these risks, we carry out techniques such as subsequent: Discussions with key employees to gain knowledge of your employer and its environment. Discussions and walkthroughs achieved and documented over internal manipulation tactics. diverse analytical tactics.

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2 years ago
Select all that apply budget reports are commonly prepared for:_____.
steposvetlana [31]

Budget reports are generally prepared for a quarter.

Given an incomplete sentence related to the timings of budget reports.

We are required to fill the timing or frequencies given in the options so that the sentence gives an appropriate meaning.

A budgeting report is basically a report managers use that lists the previously estimated budget projections over a certain period.Budget reports are basically the financial goals leadership comes up with based on informed financial projections. Since they are  typically estimations, these budget reports almost always differ from the final financial results, sometimes drastically. Quarter is basically a collection of three months.

Hence it can be concluded that budget reports are generally prepared for a quarter.

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1 year ago
Shelby Corporation was organized in January to operate an air-conditioning sales and service business The charter issued by the
Vedmedyk [2.9K]

Answer: Please refer to Explanation

Explanation:

This is how the stockholders' equity section of the balance sheet at December 31 should look like,

STOCKHOLDERS'S EQUITY

Contributed Capital

Common Stock (29000 shares x $ 1 par) $29,000

Preferred Stock (19500 shares x $ 10 par) $195,000

Paid in Capital in excess of Common Stock at par ($841000 - $29000) $812,000

Paid in Capital in excess of Preferred Stock at par (19500 shares x ($39 - $10)) $565,500

Total Contributed Capital (sum of all of the above) $1,601,500

Retained Earnings ( $59,000 - $10,000) $49,000

Total Stockholder's Equity (Retained Earnings to contributed cap) $1,650,500

If you need any clarification do comment.

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