In marketing, an item’s utility refers to only how that product is used by the consumer. True False

On its 2008 balance sheet, Sherman Books showed a balance of retained earnings equal to $510 million. On its 2009 balance sheet,

Marta_Voda [28]

Answer:

a. The company must have had net income equal to zero in 2009.

Explanation:

If on its 2008 balance sheet, Sherman Books showed a balance of retained earnings equal to $510 million, and on its 2009 balance sheet, the balance of retained earnings was also equal to $510 million; then what is true is that the company must have had net income equal to zero in 2009.

Retained earnings is the profit amount or net income left over and taken back into the business after it has paid out dividends to its shareholders.

However it is unlikely that the company will pay out the entire amount it earns in a particular year but a percentage of earnings.

In the case of Sherman, it is unlikely that the company made a profit of $200 million and paid out every bit as dividends to shareholders but what is most likely is that there was no profit made for retention in 2009

5 0

3 years ago

The balance sheet below reflects Zee Bank after its purchase of $50 million in government securities from the Fed. Assume a requ

UkoKoshka [18]

Answer:

$500 million

Explanation:

The solution of the money supply and its effect is here below:-

Decrease in money supply = $50 million ÷ reserve ratio

= $50 million ÷ 10%

= $500 million

If $50 million were used to repay loans, that will have raised money supply. Thus, buying $50 million in government securities from the fed reduces the supply of capital.

3 0

3 years ago

Samir, the new CEO of Cloud Marketing, has been with the firm for over 25 years. He was picked by the board to turn the 85-year-

IRISSAK [1]

Answer:

A. embedding organizational culture

Explanation:

4 0

2 years ago

The argument for import protection in developing countries to bring about industrialization differs from the infant-industry arg

Zigmanuir [339]

Answer:

D) it presumes there will be economic gains even if output does not become internationally competitive

Explanation:

The argument for import protection in developing countries to bring about industrialization differs from the infant-industry argument in that it presumes there will be economic gains even if the output does not become internationally competitive. International competitiveness is a step of the relative cost of services/goods from a nation. Countries that can provide a similar quality of goods at a cheaper cost are stated to be extra competitive.

4 0

2 years ago

Terri, age 16, is a dependent of her parents in 2020. During the year, Terri earned $5,000 in interest income and $3,000 from pa

aleksandrvk [35]

Answer:

A. $4,650

B. $1,750

C. $2,900

Explanation:

A. Calculation to determine Terri's taxable income

TAXABLE INCOME

Earned income $3,000

Add Unearned income $5,000

Gross income & AGI $8,000

($3,000+$5,000)

Less: Standard deduction ($3,350)

(Greater of either $3,000 or $1,050 income earned +$350)

Taxable income $4,650

($8,000-$3,350)

Therefore Terri's taxable income is $4,650

b. Calculation to determine How much of Terri's income is taxed at her rate

TAXED AT TERRI'S RATE

Taxable income $4,650

($8,000-$3,350)

Less: amount taxed at parents' rate ($2,900)

($5,000-$2,100)

Taxed at Terri's rate $1,750

Therefore The amount of Terri's income that is taxed at her rate is $1,750

c. Calculation to determine How much is taxed at her parent's rate

TAXED AT PARENTS' RATE:

Net unearned income=$5,000-$2,100

Net unearned income= $2,900

($5,000-$2,100)

Therefore The amount of Terri's income that is taxed at her parent's rate is $2,900

6 0

3 years ago