Answer:
The correct answer is B) The value of taking care of her neighbours son for 60 minutes.
Explanation:
Opportunity Cost belongs more in the parlance of microeconomics and is used to describe the idea that one cannot have everything all the time. There are alternative ends competing for limited means. In order words, when we decide to take a course of action, in the hope of achieving a thing or getting a reward, there is always another benefit forgone.
So knowing that there is an opportunity that was foregone helps the microeconomist to think carefully about what they want to achieve using the limited resources at their disposal.
Further simplified, if I have $5 dollars to spend, and that amount can purchase either a cupcake or a cup of ice cream, the one I chose to buy becomes the opportunity taken, whilst the alternative forgone is the opportunity cost.
Therefore, the cost of an item is not just the amount of money for which it was purchased, but all other alternatives with which the same amount could have been purchased.
In the question above, Deidre would have chosen to babysit her neighbor's son. That to her is the next best use of her time, and therefore the opportunity cost. According to the question, she wouldn't have worked in the library even if she had nothing else to do. Hence, that does not pass as opportunity cost.
Opportunity cost must be an alternative choice and is very subjective.
Cheers!
Consider the role of management accounting in relation to the company for which you work or have worked
Answer:
The management of accounting, or accounting management is one of the main areas inside any business, because accounting is an essential part of any business since it is in charge of the recording of all the economic transactions that the business engages in.
Accouting information is also vital because it serves as a source for other areas of a business, for example, the financial department because it uses aggregate accounting information, or even the marketing department, because it looks at accounting information in order to determine commercial needs, or to understand what resources are available for carrying out marketing activities.
Beyer Company is considering the purchase of an asset for $190,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year. Year 1 Year 2 Year 3 Year 4 Year 5 Total Net cash flows $ 50,000 $ 31,000 $ 60,000 $ 140,000 $ 30,000 $ 311,000 Compute the payback period for this investment. (Cumulative net cash outflows must be entered with a minus sign. Round your Payback Period answer to 2 decimal place.)
Answer:
3.35 years
Explanation:
Computation of the payback period for this investment
Year Cash Inflow (outflow) Cumulative Net Cash Inflow (Outflow)
0 ($ 190,000) -
1 $ 50,000 $ 50,000
2 $ 31,000 $ 81,000
3 $ 60,000 $ 141,000
4 $ 140,000 $ 281,000
5 $ 30,000 $ 311,000
Payback period= 3.35 Years
OR
Payback period = 3 years + ($190,000 - $141,000)/$140,000
Payback period= 3 years + ($49,000/$140,000)
Payback period= 3 years + 0.35
Payback period= 3.35 years
Therefore the payback period for this investment is 3.35 years
Vacation Inns of America (VIA) has recently announced intentions to build a new hotel/resort complex in Myrtle Beach, South Carolina. Assume that the hotel/resort market in Myrtle Beach is characterized by monopolistic competition. As a result of the new VIA hotel/resort, tourists who stay in Myrtle Beach are likely to experience a :__________
a. a product-variety externality, which harms consumers.
b. product-variety externality, which benefits consumers.
c. business-stealing externality, which harms consumers.
d. business-stealing externality, which benefits consumers.
Answer:
b
Explanation:
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
An example of monopolistic competition are restaurants
When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero
If firms are earning negative economic profit, in the long run, firms leave the industry. This drives economic profit to zero
in the long run, only normal profit is earned
The product-variety externality: When new firms enter into an industry, competition drives price down. This increases consumer surplus. As a result, entry of firms into an industry results in a positive externality on consumers.
The business-stealing externality: When a new firm enters into an industry, existing firms lose customers and profits fall. As a result, entry of a new firm results in a negative externality on existing firms.
Which of the following key factors, based on the case study, contributed to Euro Disney’s disappointing performance during its first year of operation? Group of answer choices lack of sufficient budget for marketing and promotional activities not enough training for personnel bad weather in the summer months SRC and a lack of understanding of the target market
Answer:
Lack of understanding of the target market.
Explanation:
Euro Disney's was not able to perform according their set targets. In the first year the performance of the Euro Disney was very poor because there was lack of understanding of target market, cultural issues between the two nations and their business approaches were completely different from each other.
Firm K is planning on merging with Firm L. Firm K currently has 5,500 shares of stock outstanding at a market price of $28 a share. Firm L has 500 shares outstanding at a price of $16 a share. The merger will create $600 of synergy. Firm K plans to offer a sufficient number of its shares to acquire Firm L at an acquisition cost of $8,200. How many total shares will be outstanding in the merged firm
Answer:
5,792 shares
Explanation:
Value of share of K = $28
Increase in value of share due to synergy = $600 / 5,500 shares
Increase in value of share due to synergy = $0.11
New share value = $28 + $0.11
New share value = $28.11
Number of shares to be issued = $8,200 / $28.11
Number of shares to be issued = 291.71
New shares of Firm K = 5,500 shares + 291.71 shares
New shares of Firm K = 5791.71 shares
New shares of Firm K = 5,792 shares
Compare two loans:Loan 1: $175,000; 8% annual (monthly payments); 30 years.Loan 2: $175,000; 7% annual (monthly payments); 15 years.If you pay an additional $250 per month in additional principle on Loan 1 ONLY, which loan pays off sooner
Answer:
Following are the responses to the given question:
Explanation:
For the First loan payment period is value:
[tex]\to NPER(\frac{8\%}{12},-250-PMT(\frac{8\%}{12},12\times 30,-175000),175000)=215\ months[/tex]
For the second loan payment period is value:
[tex]\to 15\times 12=180 \ months[/tex]
that's why the loan will be paid off soon.
Upper Darby Park Department is considering a new capital investment. The following information is available on the investment. The cost of the machine will be $150,000. The annual cost savings if the new machine is acquired will be $40,000. The machine will have a 5-year life, at which time the terminal disposal value is expected to be $20,000. Upper Darby Park Department is assuming no tax consequences. If Upper Darby Park Department has a cost of capital of 10%, which of the following is closest to the net present value of the project?
a. $1,632
b. $12,418
C. $14,060
d. $150,000
Answer:
c.$14,060
Explanation:
I hope my answer is correct
Which medium when sending a negative employment message lets you control the message and avoid confrontation?
Face-to-face
Email
Phone
Social media
Answer:
En mi opinión personal sería cara a cara. Por qué así se puede expresar lo que uno quiere decir y en los otros no.
Explanation:
Espero ayudarte suerte
Using an order of magnitude analysis, estimate the total textbook expenditures incurred by all engineering majors at National University per year
Answer:
The total textbook expenditure would amount to $175,000 per year
Explanation:
National University is providing text books free of cost to all the engineering students to encourage professional studies. Very few students are pursuing engineering studies. For this purpose university management has decided to give free of cost books to students who select engineering majors. The total expenditure would be:
Cost of Printing Books $110,000
Transportation of the Books to different Campuses $25,000
Distribution Campaign Expense $40,000
Total expenditure amounts to $175,000
What can you do with a Business administration/management degree?
Define organizational structures? And explain types of organizational structures?
Answer:
Four main types of structures of the organization are:
Functional Divisional Matrix FlatExplanation:
Functional StructureThis structure consists of employees performing similar tasks or specialties. For example, in the finance department, accountants are grouped and the same applies to marketing departments, operations, and human resources. This structure enables swift decision-making because the group members have similar skills, can communicate easily, and can also improve their ability by learning from each other.
Divisional StructureThis structure groups employees according to the products or projects that meet customer requirements of a certain type. For instance, a catering services restaurant could organize the employees by departments, e.g. weddings or wholesale retail departments, according to which they serve. Employees are split so that their performance is maximized.
Flat StructureThe traditional top-down management system is impeded by a flat organizational structure. There is no concept of the boss, every employee is the boss, which removes bureaucracy and improves direct contact. For example, an employee with an innovative idea or suggestion need not contact every level of senior management to give the person responsible for the idea. The staff can directly communicate on an individual basis.
Matrix StructureA matrix structure has a complex story true as it combines elements from both the functional and the divisional models. It first divides employees according to their specialization, then further separates them into departments according to projects and products. To make this structure a lot of planning and efforts are required but one e achieved increases the productivity of the team, promotes innovation and creativity, and good decision making.
If a company has a quick ratio of 1.25 times, current assets of $25,000 and inventory of $5,000, the current liabilities balance is equal to sign and comma, as applicable) (round to the nearest dollar and include the dollar
Answer:
$16,000
Explanation:
Calculation to determine what the current liabilities balance is equal to
Using this formula
Quick Ratio = Current Assets - Inventory / Current Liabilities
Let plug in the formula
1.25 = ($25,000 - $5000) / Current Liabilities
1.25Current Liabilities = ($25,000 - $5000)
Current Liabilities = $20,000 / 1.25
Current Liabilities =$16,000
Therefore the current liabilities balance is equal to $16,000
In the last few decades the car manufacturing sector has found it difficult to compete with foreign car imports. High labor costs is one of the main reasons economist site as the lack of competitiveness for the car manufacturing industry. If there was modest inflation, how could it possibly help the car manufacturing industry in the United States compete with foreign car manufacturers?
a. The consumers of the cars have increased purchasing power.
b. Business loans would cost less for the U.S. car manufacturers.
c. It could allow real wages to downwardly adjust more easily.
Answer: c. It could allow real wages to downwardly adjust more easily.
Explanation:
When there is modest inflation, companies in the car manufacturing industry can simply decide not to increase nominal wages. This would lead to a fall in real wages as inflation would ensure that the nominal wages are less than they were worth before.
This decrease in real wages will allow the companies in the industry to reduce labor costs in real terms and become more competitive with the foreign manufacturers.
Jane Smith, MD, has had a great year in her pediatrics practice and has cash that she wants to invest. Her financial adviser suggests she buy a seven-year, $1,500 par value bond with an annual coupon rate of 10 percent and three years remaining to maturity. Dr. Smith decides to explore her options. She discovers that new, similarly risky bonds have an average annual rate of return of 12 percent. Bank certificates of deposit are returning 5 percent annually on average while a mutual fund investing in high-risk-growth stocks has an average annual rate of return of 20 percent. If Dr. Smith follows her financial adviser’s advice, what is the maximum amount she should pay for the bond? Explain your answer
Answer: $1427.95
Explanation:
If Dr. Smith follows her financial adviser’s advice, the maximum amount that she should pay for the bond will be calculated thus:
This question can be solved using Excel.
Face value = $1500
Coupon rate = 10%
Years left = 3
Coupon = 10% × $1500 = $150
Yield to maturity = 12%
The bond price will be:
= PV(12%,3,-150,-1500)
= PV(0.12,3,-150,-1500)
= 1427.95
The bond price is $1427.95
The amount of the estimated average income for a proposed investment of $73,000 in a fixed asset, giving effect to depreciation (straight-line method), with a useful life of four years, no residual value, and an expected total income yield of $30,300, is a.$6,200 b.$30,300 c.$7,575 d.$18,250
Answer: $7,575
Explanation:
Based on the information given in the question, the amount of the estimated average income for a proposed investment will be calculated as:
= Expected total income yield / Number of years
= $30300/4
= $7,575
Therefore, the amount of the estimated average income for the proposed investment is $7575.
A municipal bond yields 6.75%. A corporate bond on comparable credit quality and maturity yields 9.0%. At what marginal tax rate would an investor be indifferent between the two bonds
Answer:
Marginal tax = 25%
Explanation:
To be indifferent between the bonds then return from both types of bond should be same. The municipal bond yields are tax free so tax can be imposed on the corporate bonds.
Thus, the (9 - 6.75) / 9 = 0.25 or 25%
So, a marginal tax of 25% should be imposed in order to be indifferent between the bonds.
Pronghorn Company has the following account balances: Sales Revenue $233,600, Sales Discounts $3,400, Cost of Goods Sold $1114,800, and inventory $43,400.
Answer:
i can't make an answer for you, but i can ask if my rephrasing of the question makes sense.
Explanation:
Cost of Goods sold is 1,113,800 $
How would you array the following organizations in terms of the depth and breadth of their product lines?
a. a solo-practice family practitioner who does not deliver babies.
b. a multispecialty group practice that provides primary care at five satellite locations.
c. an academic medical center
d. Shouldice Hospital in Toronto, which specializes in short-stay surgery for hernia repair.
Answer:
a. The depth of a solo practice family practitioner is narrow whereas its breadth can be wide.
b. They have wide depth and breadth.
c. It has narrow depth and breadth.
d. They have narrow depth and narrow breadth.
Explanation:
Depth means number of variants of each product. Breadth means variety of different products offered.
A solo practice family practitioner has limited its practice and decided not to deliver babies. It has narrow breadth whereas depth is high as it can offer counselling service, immediate help to the patient, family planning guidance and so on.
Multi specialty group has wide depth and breadth as it offers group practice at different locations.
An academic medical center will have narrow depth and breadth as there is only medical studies available to the students and they do not have variety of subjects to choose from.
Shouldice Hospital has narrow depth and breadth as it offers only short stay surgeries. They include hernia repair and appendix. Patients with majors surgeries are not welcomed here.
If Fees Earned has been credited, it is most likely that:
A. a correcting entry for the overstatement of revenue was recorded. B. a customer paid in advance
C. services were provided.
D. the owner made an investment.
Answer:
C. services were provided.
Explanation:
If Fees Earned has been credited, it is most likely that: "services were provided."
For fees to be earned it means something must have been done in exchange for the fee. Considering this is a business-related issue, then it is correct to conclude that "If Fees Earned has been credited, it is most likely that: services were provided."
Option A is not correct because the overstatement of revenue is not related to the fee warmed being credited.
Option B is not correct, because a payment made in advance does not correlate to a fee earned. Option D is not correct as well, because an investment has nothing to do with a few earned.
Which of the following items is a major principle pertaining to selection under the Americans with Disabilities Act?
A) It is unlawful to use criteria that will screen out individuals with disabilities unless the criteria are consistent with a business necessity.
B) It is unlawful to screen out individuals with disabilities for any reason.
C) It is always unlawful for employers to require employees to physical agility tests in a selection context.
D) The employer can retain the right to refuse to hire individuals with disabilities if customers have a strong preference for not encountering disabled staff.
Answer:
A) It is unlawful to use criteria that will screen out individuals with disabilities unless the criteria are consistent with a business necessity.
Explanation:
The Americans with Disabilities Act became a law in the year 1990 in the United States of America. It is a [tex]$\text{civil rights law}$[/tex] which prohibits and prevents any discrimination against a person with disability in any sphere, i.e. in school educations, employment and all the places that are opened for the general public.
It states that it is illegal to use the criteria which will screen out the individuals with any disabilities except the criteria are consistent with business necessity.
Alex managers a team of several professional. He is cognizant that he needs to be aware of how stress might present in his workforce. Alex should be on the lookout for...A. employees that take a new job.B. employees who decline their health care benefits.C. employees who get sick a handful of times each year.D. employees who are paid less than their peers.E. employees that experience headaches, back discomfort, and migraines.
Answer:
The correct answer is E.
Explanation:
The correct option is E.
Alex should be wary of employees that experience headaches, back discomfort, and migraines or even depressed people.
Stress makes us respond to pressure be it physical or emotional one. Stress at home or workplace can increase ones blood pressure.
So potential employees or current ones that have headache, migraine or back discomfort are susceptible to stress.
The following information is available from the current period financial statements: Net income $150,000 Depreciation expense 28,000 Increase in accounts receivable 16,000 Decrease in accounts payable 21,000 The net cash flow from operating activities using the indirect method is Group of answer choices $141,000 $173,000 $117,000 $215,000
Answer:
$141,000
Explanation:
Given the above information, the net cash flow is computed as shown below
= Net income + Depreciation expense - Increase in accounts receivables - Decrease in accounts payable
= $150,000 + $28,000 - $16,000 - $21,000
= $141,000
Therefore, the net cash flow from operating activities using the indirect method is $141,000
On January 1, 2019, XYZ Co. issued 2-year bonds with a face value of $10,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield (Market Int.) 8%, at a selling price of $10,363. The interest expense recognized for the year 2019 is
Answer:
Your answer is given below:
Explanation:
When bond is issued on yield to market at price of $10,179, interest is charged on outstanding amount of $10,179 of 9%.
So interest charged on June 30 is 9% for 6 months on $10,179
Interest expense=$10,179*9%*6/12
Interest expense for 6 months =$458
Cash paid for interest is however at stated interest rate of 10% on $10,000 for 6 months=$10,000*10%*6/12
Cash paid=$500
Difference of interest paid and interest expense is debited to bonds payable balance so bonds payable balance outstanding is reduced.
Bonds payable outstanding reduced=$500-$458
=$42
Bonds payable outstanding balance as on june 30=$10,179-$42
=$10,137
Now interest for last 6 months in 2019 is charged on $10,137 at 9%
Interest expense from June 30 to December 31=$10,137*9%*6/12
Interest expense=$456
Total interest expense for 2019=$456+458
=$914
So,total interest expense charged for 2019=$914
explain its pros and cons of three bin system
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3 advantages and disadvantages of using Bin cards
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Advantages of Bin Cards :
(i) There would be less chances of mistakes being made as entries will be made at the same time as goods are received or issued by the person actually handling the materials.
(ii) Control over stock can be more effective, in as much as comparison of the actual quantity in hand at any time with the book balance is possible.
ADVERTISEMENTS:
(iii) Identification of the different items of materials is facilitated by reference to the Bin Card the bin or storage receptacle.
Disadvantages of Bin Cards :
(i) Store records are dispersed over a wide area.
(ii) The cards are liable to be smeared with dirt and grease because of proximity to material and also because of handling materials.
ADVERTISEMENTS:
(iii) People handling materials are not ordinarily suitable for the clerical work involved in writing Bin Cards.
please make my answer as a brainlist answer
Pick the correct statement related to pro forma statements from below. Multiple Choice Fixed assets must increase if sales are projected to increase. Net working capital is affected only when a firm's sales are expected to exceed the firm's current production capacity. The addition to retained earnings is equal to net income less cash dividends. Long-term debt varies directly with sales when a firm is currently operating at maximum capacity.
Answer:
The correct statement related to the pro forma statements is:
The addition to retained earnings is equal to net income less cash dividends.
Explanation:
When the beginning retained earnings are increased by the addition to retained earnings, it means that the cash dividends have been subtracted from the net income. This addition is the leftover net income after offsetting the dividends. It increases the retained earnings by the end of the financial period.
To an economist, money is a synonym for which of the following? Question 10 options: income credit wealth salary none of the above
Answer:
None of the above
Explanation:
To an economist, money has the following characteristics
1. It is a means of exchange
2. It is regarded as a unit of account
3. Money can also be defined as a store of value.
Therefore to an economist, money is not synonymous with income, wealth, credit and salary.
So the last option answers the question.
The Foster Insurance Company developed standard times for processing claims. When a claim was received at the processing center, it was first reviewed and classified as simple or complex. The standard time for processing was:
simple claim - 36 mins
complex claim - 1.25 hrs
Employees were expected to be productive 7.5 hrs per day. Compensation costs were $135 per day per employee. During July, which had 20 working days, the following number of claims were processed:
simple claims - 3,000 processed
complex claims - 960 processed
REQUIRED
a. Calculate the number of workers that should have been available to process July claims.
b. Assume that 23 workers were actually available throughout the month of july. calculate a labor efficiency variance expressed as both a number of workers and a dollar amount for the month.
Answer:
Time Needed In Minutes
Simple Claim 36
Complex Claims 75 (1.25 hour*60 Min)
Productive hours = 7.5 hrs. (In Minutes)
= 7.5 hours*60 min
= 450 minutes
Number of Working days = 20. Total Number of Productive Minutes in Month per person = 20 days * 450 minutes = 9000 minutes
Total Claims Processed Time Needed Total Time
Simple Claim 3000 36 108000
Complex Claims 960 75 72000
Total 180000
a. Number of Workers needed = Total Time Needed / Productive time put by single worker = 180,000 / 9000 = 20 workers
b. Number of Workers 23
Standard 20
Variance, Number of Workers = 23 - 20
Variance, Number of Workers = 3
Variance, Dollar Amount = Number of Workers * $135 * 20 days
Variance, Dollar Amount = $8,100
A company uses the weighted average method for inventory costing . At the beginning of a period the production department had units in beginning Work in Process inventory which were 33 % complete the department completed and transferred 168,000 units . At the end of the period units were in the ending Work in Process inventory and are 68 % complete . Compute the number of equivalent units produced by the department .
Answer
a. 178,200 units
Explanation:
Comple question "A company uses the weighted average method for inventory costing. During a period, a production department had 54,000 units in beginning goods in process inventory which were 33% complete; the department completed and transferred 168,000 units. At the end of the period, 15,000 units were in the ending goods in process inventory and are 68% complete. Compute the number of equivalent units produced by the department. 178,200. 186,320. 183,000. 168,000. 114,000."
Calculation of Equivalent Unit (as per Weighted Method)
Unit % of Completion Equ. Unit
Unit Completed & Transferred Out 168,000 100% 168,000
Closing WIP 15,000 68% 10,200
Total Equivalent Unit 178,200
Monopoly in the competitive environment a. is enjoyed by few organizations as sole suppliers of a good or service. b. is typical of public utilities -- even more so now than twenty years ago. c. cannot be achieved temporarily even through the use of patents and similar legal devices. d. is the logical extension of a firm's control of its production and labor resources. e. is, all in all, the most common type of competition in the U.S. market.
Answer:
b
Explanation:
and services.
An example of a monopoly is a utility company
A natural monopoly occurs due to the high start-up costs or a large economies of scale.
Natural monopolies are usually the only company providing a service in a particular region
Because the demand curve for a monopoly is downward sloping, marginal revenue is less than price. As prices fall, more units of the product are bought.
In a monopoly When the average cost is falling, the marginal cost lies below the average cost. If the government sets price to be equal to marginal cost, which lies below the average cost, the monopoly would incur losses.
Edison's Lights makes light bulbs. The company is currently producing well below its full capacity. Lamp Land has approached Edison's Lights with an offer to buy 20,000 light bulbs at $0.75 each. Edison;s Lights sells its light bulbs wholesale for $0.85 each; the average cost per unit is $0.83, of which $0.12 is fixed costs. If Edison's Lights were to accept Lamp Land's offer, what would be the increase in Edison's Lights' operating profits?
Answer:
the increase in Edison's Lights' operating profits would be $400
Explanation:
Analysis of the effects of Accepting Lamp Land's offer
Sales (20,000 x $0.75) $15,000
Less Incremental Costs :
Variable Cost (20,000 x $0.73) ($14,600)
Operating Profit $400
thus
If Edison's Lights were to accept Lamp Land's offer, the increase in Edison's Lights' operating profits would be $400
Based on the various costs to make the light bulb, Edison's lights would see an increase in operating profits of $800.
How would Edison's Lights see this profit?The fixed costs would be the same throughout production so should be deducted:
= Average cost - fixed cost
= 0.83 - 0.12
= $0.71
The variable cost of making the bulb is $0.71 which means that the profit made on every bulb if sold at $0.75 would be:
= 0.75 - 0.71
= $0.04
The total profit would be:
= 20,000 bulbs x 0.04
= $800
Find out more on operating profits at https://brainly.com/question/14366117.