Answer: Self serving bias
Explanation: In simple words, it refers to the attribute of an individual to take the credit of every positive event themselves, whereas in case of negative events such individuals tends to blame external factors.
In the given case, Mark attributes his success as the outcome of his personality and blames his team or other such factors in case of negative results.
Hence from the above we can conclude that the given case illustrate self serving bias.
Answer:
a. Excluded from the labor force
Explanation:
Labor force comprises people in active employment or those not employed but as actively seeking work. Active employment consists of employed, self-employed, and those engaged in economic activities for a profit. Unemployed are the jobless people actively seeking for work. Students, retired people, children, the aged, and those not working and not seeking work are not part of the labor force.
Discourage workers are a group of jobless workers who have given up the search for jobs. They are workers who, after failing to secure a job, have given-up; hence they are no-longer searching. Discouraged workers are not part of the labor force as they are not actively seeking work.
Answer:
D) all of the above
Explanation:
First find the present value for each alternative using PV of perpetual cashflow formula;
PV = CF / rate
CF = 50
If rate= 5%;
PV = 50/0.05 = $1,000
If rate = 2%;
PV = 50/0.02 = $2,500
With these two calculations, we see that;
-the bond price increased by $1,500
-you could sell this bond at a capital gain, meaning you can sell it a higher price that what you bought it for.
-at an interest rate of 2%, the speculative demand for money would increase
Hence , all these choices are correct!
Answer:
Kailua and Company
Schedule of Cash Collections
August September
Cash collections from June $25,200 $0
Cash collections from July $38,500 $19,250
Cash collections from August $17,220 $43,050
<u>Cash collections from September $0 $17,800 </u>
Total cash collections $80,920 $80,100
I suppose that 5% of the billings are uncollectible since 20% + 50% + 25% = 95%.
Answer: Debit: Litigation expense $300,000
Credit: Litigation liability $300,000
Explanation:
Loss contingency is typically a charge to expense for a future occurence in this case, a lawsuit. A loss contingency simply makes the economic entity to be aware at an early stage of the loss and its likely financial implication.
The entries that Buchanan should record to recognize this loss contingency will be to:
Debit: Litigation expense $300,000
Credit: Litigation liability $300,000
