Answer:
a. procedural justice
Explanation:
Procedural justice can be defined as an idea of fairness in a process and how this perception of fairness is greatly influenced by the quality of service, experience and transparency received by the people. Thus, it impacts the perception that people have about those in a place of authority with respect to decision-making and processes.
Hence, if Hot Topic uses clearly defined selection criteria and a transparent process, employees are likely to think the process is fair and to experience procedural justice, even if they are not chosen for promotion
Answer:
Revenue recognition principle.
Explanation:
The revenue recognition principle states that revenue is recognized in the accounting period in which the performance obligation is satisfied. The cash-basis of accounting is in accordance with generally accepted accounting principles.
The arbitrage profit implied by these prices is $5.24.
<h3>Arbitrage profit</h3>
Given:
Future contract= 1645
Sport gold price = 1592
Risk-free rate (rf) = .03
Hence:
Arbitrage profit=1645-[1592(1+1.03)¹]
Arbitrage profit=1645- 1639.76
Arbitrage profit=1645 =$5.24
Therefore the arbitrage profit implied by these prices is $5.24.
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Answer and Explanation:
1> Let's solve the standard economic model first based on rational expectation.
Since the medium willingness to pay is $5, we can assume half the people have more willingness to pay than $5 and half the people have less. (Since it's a large class, we can assume this)
So, half of them who got the mug will sell, according to standard theory.
2> Now behavioral economist will disagree. People who got the mug, get an emotional and nostalgic attachment with it, thus they would not like to sell it because they get utility after having something, so by behavioral theory, less than half of pupils who got the mug will sell.
Answer:
Cost of Goods Sold for the month is $1656
Explanation:
Weighted Average Cost System calculates a new average for goods after each purchase.
Mountain Made Inventory Balance runs as follows:
<u>At Beginning:</u>
(3 quilts × $200) = $600
<u>After Purchased of 7 additional quilts for $210 each:</u>
(3 quilts × $200) + (7 quilts × $210) = $2070
New Inventory Cost = $2070/10quilts =$207 each
<u>At end</u>
2 quilts remained unsold. Therefore sold quilts were 8 ie (10quilts-2quilts)
Therefore cost of sold quilts is 8 × $207 = $1656
