You are trying to decide whether to take a vacation. Most of the costs of the vacation (airfare, hotel, and forgone wages) are measured in dollars, but the benefits of the vacation are psychological. How can you compare the benefits to the costs


Answer 1



The comparison of psychological benefits to actual tangible costs depends on the individual in question. If the individual is constantly stressed to the point which the stress is affecting his/her health, work performance, mood, behavior around family, etc. then the tangible costs of going on vacation may be worth it. This is because a vacation would provide a moment of relaxation which would relieve all of that individual's stress and in doing so improve the individual's work performance, health, and overall quality of life. Therefore, the comparison between physical benefits to costs is always going to be a personal opinion.

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Other things the same, a fall in an economy's overall level of prices tends to a. raise both the quantity demanded and supplied of goods and services. b. raise the quantity demanded of goods and services, but lower the quantity supplied. c. lower the quantity demanded of goods and services, but raise the quantity supplied. d. lower both the quantity demanded and the quantity supplied of goods and services.
A small manufacturer that makes clothespins and other household products buys new injection molding equipment for a cost of $500,000. This will allow the manufacturer to make more clothespins in the same amount of time with an estimated increase in sales of 25%. If the manufacturer currently makes 75 tons of clothespins per year, which sell at $18,000 per ton, what will be the increase in revenue next year from the new equipment?A) $837,500 B) $303,750 C) $125,000 D) $337,500
According to Gardner, intelligence can be measure by a person havinga. the ability to create or find solutions to problems by gathering new knowledgeb. the ability to create a valued product or serviceC. Skills that allow them to solve problems in lifed. all of the above
Suppose the economy only produces three goods: bread, laptops, and movies. Calculate the CPI of 2008, using 2004 as the base year.
Omnidata uses the annualized income method to determine its quarterly federal income tax payments. It had $100,000, $50,000, and $90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters). What is Omnidata's annual estimated taxable income for purposes of calculating the third quarter estimated payment?

Ramon sells two enchiladas and three tacos for $\$$2.50 and he sells three enchiladas and two tacos for $\$$2.70. Assuming a fixed price per item, what is the cost, in dollars, of three enchiladas and four tacos



3.54 dollars


2.50 = 250 cents

2.70 = 270 cents

2e + 3t = 250

e = (250 - 3t) / 2

3((250 -3t) / 2)  + 2t = 270

(750 - 9t) / 2 + 2t = 270

750 - 9t + 4t = 540

750 - 5t = 540

210 = 5t

t = 42

e = (250 - 3t) / 2

e= (250 - 126) / 2

e = 124 / 2

e = 62

3e + 4t = 3(62) + 4(42) = 354 cents or 3.54 dollars

A merchandiser has four closing journal entries at the end of an accounting cycle. Select the correct entries below. (Check all that apply.) Close asset accounts. Close the dividends account. Close revenue accounts. Close expense accounts. Close the merchandise inventory account. Close the income summary account.



A Merchandiser

Closing Journal Entries:

i) Close the dividends account.

ii) Close revenue accounts.

iii) Close expense accounts.

iv) Close the income summary account.


Closing journal entries are closing entries made at the end of an accounting period to zero out all temporary accounts so that their balances are transferred to permanent accounts.  To close temporary accounts is to set them at the end of the period to nil balances.

Temporary accounts are not permanent.  They do not have running balances that continue from one period to the next, unlike permanent accounts.  All temporary accounts are closed to the income statement and used to determine the financial performance of an entity.  Permanent accounts are stated in the balance sheet (to determine the financial position of an entity) and appear as opening balances in the next period's accounts.

A merchandiser has four closing journal entries: Close the dividends account. Close revenue accounts. Close expense accounts. Close the income summary account, hence options B, C, D, and F are correct.

Closing journal entries are entries made to close down all temporary accounts so that their balances may be transferred to permanent accounts at the conclusion of an accounting period.  

Unlike permanent accounts, they don't have running balances that carry over from one month to the next.  The income statement closes all temporary accounts, which is how an entity's financial success is assessed.

Learn more about dividends account, here:


Which account would be listed on a post-closing trial balance?a. Sales Revenue
b. Depreciation Expense
c. Retained Earnings
d. Income Tax Expense.


Answer: c. Retained Earnings


The post-closing trial balance reflects balance sheet items that do not have a $0 balance in them when a period has ended and is prepared after the temporary accounts have been closed off. The purpose is to make sure that the debits equal the credits.

As there are no temporary accounts, all income statement items will have been closed off and moved to the Retained earnings account which will reflect the total for the income statement for the year. The only account that will be listed in the post-closing trial balance therefore will be the Retained earnings account.

Which of the following management actions is permissible during a union certification election? Promising benefits to employees if they reject the union Requiring all employees to attend "captive audience" speeches in the company auditorium regarding the union organizing effort Requiring small groups of employees to meet with management in a supervisor’s conference room to discuss the organizing effort Asking employees in advance of the election how they feel about the union



Requiring all employees to attend “captive audience” speeches in the company auditorium regarding the union organizing effort                            


In simple words, union certification election refers to the electoral process under which the labor force of an organisation chooses its leader for a fixed period of time as determined by the rules. This process is usually seen in large organisations where a thousands of labor workforce is included.

Just like any other process, in these elections also the candidates are supposed to present themselves against the voters and tell them their ideas and the works they are going to perform.

he Top Hat Division of​ Blandon's Fine Menswear had the following results last year​ (in thousands). Sales $ 4 comma 600 comma 000 Operating income $ 690 comma 000 Total assets $ 2 comma 000 comma 000 Current liabilities $ 210 comma 000 ​Management's target rate of return is 14​% and the weighted average cost of capital is 10​%. What is the Top Hat​ Division's Residual Income​ (RI)?





Residual income = operating income - (rate of return*average operating assets)

= $690,000-(14%*$2,000,000)



Therefore the Top Hat​ Division's Residual Income​ (RI) would be $410,000

Thirty-five percent of the sales on account are collected in the month of sale, 45% in the month following sale, and the remainder are collected in the second month following sale. The following are budgeted sales data for the company: January February March April Total sales $50,000 $60,000 $40,000 $30,000 What is the amount of cash that should be collected in March



The amount of cash collected in March should be:



a) Data and Calculations:

Budgeted sales and Cash Collections:

                                           January    February       March         April

Total sales                         $50,000    $60,000     $40,000    $30,000


35% month of sales             17,500       21,000         14,000       10,500

45% month following                            22,500        27,000       18,000

20% second month                                                    10,000

Total collections in March                                       $51,000

b) The above calculations concentrated on the month of March, being the month of interest.  Though, sales on account totals $40,000, the cash collections for the month amounts to $51,000.  This arises from cash collections from the months of January and February.

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