Answer:
Relevant cost to make = Direct materials + Direct labor + Variable overhead
Relevant cost to make = $8.60 + $24.60 + $43.00 (1-60%)
Relevant cost to make = $8.60 + $24.60 + $17.20
Relevant cost to make = $50.40
Outside supplier cost ($48.40) < Relevant cost to make ($50.40). So, Factor should choose to buy because the relevent cost is less than outside supplier cost.
The ____ is equal to the sum of the squares of the market shares of all the firms in an industry. a. market concentration ratio b. Herfindahl-Hirschman index c. correlation coefficient d. standard deviation of concentration e. none of the above
Answer:
b. Herfindahl-Hirschman index
Explanation:
Option b. Herfindahl-Hirschman index
The HHI is calculated by taking the square of the market share and then adding all the squared values. Thus, the resulting answer will be the HHI magnitude.
Identify the item below that would cause the trial balance to not balance.i. A $1,000 collection of an account receivable was erroneously posted as a debit to Accounts Receivable and a credit to Cash.ii. The purchase of office supplies on account for $3,250 was erroneously recorded in the journal as $2,350 debit to Office Supplies and credit to Accounts Payable.iii. A $50 cash receipt for the performance of a service was not recorded at all.iv. The purchase of office equipment for $1,200 was posted as a debit to Office Supplies and a credit to Cash for $1,200.v. The cash payment of a $750 account payable was posted as a debit to Accounts Payable and a debit to Cash for $750.
Answer:
The item that would cause the trial balance to not balance is:
v. The cash payment of a $750 account payable was posted as a debit to Accounts Payable and a debit to Cash for $750.
Explanation:
The correct record should have been to credit the $750 in the Cash account. By this double debit entries for a transaction without a corresponding credit entry, the trial balance cannot balance as the debit side will be greater by $1,500 ($750 * 2) than the credit side. To correct the error, the Cash account will be credited with $1,500. One of the $750 cancels the earlier error while the second $750 puts the records straight.
The customs,values,and demographic characteristics of the society in which an organization functions are the principal elements of the political-legal environment.
a. True
b. False
Answer:
b. False
Explanation:
There are many factors that regulate and affect the proceedings of the business. Environmental factor is one of the factors among them. Internal environment and external environment effects the proceedings of the business. Political, economic, socio-cultural and technological factors are some of the important factors. Political factors comprises of the political decisions taken by the government that can have any form of effect on the business. Socio-cultural environment comprises of the values, beliefs and culture that helping in shaping the working of the business.
how does under investment affect the market
Answer:
Since the stock market is a vote of confidence, a crash can devastate economic growth. Lower stock prices mean less wealth for businesses, pension funds, and individual investors. Companies can't get as much funding for operations and expansion. When retirement fund values fall, it reduces consumer spending.
Explanation:
Economic Considerations
Business investment can affect the economy's short-term and long-term growth. In the short term, an increase in business investment directly increases the current level of gross domestic product (GDP), because physical capital is itself produced and sold.
Tại sao nói Marketing vừa là khoa học, vừa là nghệ thuật?
Answer:
Sorry I can't understand.....
The practice of setting price by increasing the marginal cost of production by some percentage is referred to as: Group of answer choices mark-up pricing percentage pricing rate-of-return pricing average cost pricing
Answer:
markup pricing.
Explanation:
Markup pricing can be regarded as cost-plus pricing which is pricing strategy that involves addition of cost of the products as well as percentage of the cost of product as a markup to calculate the price of a product/service.the company decides
percentage or markup . It should be noted that The practice of setting price by increasing the marginal cost of production by some percentage is referred to markup pricing.
Three broad categories of definitions of quality are: product quality, service quality, and organizational quality. user based, manufacturing based, and product based. internal, external, and prevention. low-cost, response, and differentiation. Pareto, Shewhart, and Deming.
Answer:
user based, manufacturing based, and product based.
Explanation:
Quality is the degree in which the commodity meets the customer requirement at the beginning of its life as per ISO 9000
The impact of the quality could experience from the customer. The perception with regard to the quality of the product comes by the design & specifications and the accomplishment of the manufactured standards. The perception related to the service quality would arrive from the design of the process and the standard of the delivery
So as per the given situation, the above should be the answer
In most countries, contract and temporary employees are much more expensive to lay off than full-time employees.
A. True
B. False
Answer:
False
Explanation:
A point outside (to the right of) the production possibilities curve of a nation implies that this nation is using its resources fully. implies that there are unemployed resources in this nation. is easily attainable for this nation. is not attainable for this nation. Submit
Answer:
is not attainable for this nation
Explanation:
The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.
The PPC is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
Point outside the curve or to the right of the curve means that the production level is not attainable given the level of resources
Points inside the production possibilities curve means that the nations resources are not being fully utilised
Factors that cause the PPF to shift
1. changes in technology.
2. changes in available resources.
3. changes in the labour force.
mention one product you are selling on your sole proprietorship
Answer: Examples of sole proprietors include small businesses such as, a local grocery store, a local clothes store, an artist, freelance writer, IT consultant, freelance graphic designer, etc.
Explanation:
An investment strategy has an expected return of 21 percent and a standard deviation of 15 percent. Assume investment returns are bell shaped. a. How likely is it to earn a return between 6 percent and 36 percent?
Answer:
68%
Explanation:
Given :
Mean, μ = 21
Standard deviation, σ = 15
Recall :
Zscore = (x - μ) / σ
P(Z =(x - μ) / σ) - P(Z =(x - μ) / σ)
x = 6 and x = 36
P(Z =(36 - 21) / 15) - P(Z =(6 - 21) / 15)
P(Z = 1) - P(Z = - 1)
Using the Z probability calculator :
P(Z = - 1) = 0.15866
P(Z = 1) = 0.84134
0.84134 - 0.15866
= 0.68268
= 0.68
= 68%
Suppose that the required reserve ratio is 0.20. If a customer makes a deposit of $10 million in a bank, then the money supply could potentially
Answer:
$50 million
Explanation:
Reserve Ratio : they are the percentage of deposits required by the central bank that banks keep
Increase in the total value of checkable deposit is determined by the money multiplier
Money multiplier = amount deposited / reserve requirement
10 / 0.2 = 50 million
ba 101 Jane has discovered that she is bored and frustrated working for others. She wants to open a business where she alone will have control and the least interference from government regulation. Which form of business would best meet her needs
Answer: Sole proprietorship
Explanation:
Sole proprietorship is also called the sole trader or one man business. This is a form of business that's owned and.conteoooed by a single person.
A sole proprietorship is regarded as the easiest form of business to set up due to lack of government regulation. Since Jane wants to have control and the least interference from government regulations, this form of business is appropriate.
CWN Company uses a job order costing system and last period incurred $70,000 of actual overhead and $100,000 of direct labor. CWN estimates that its overhead next period will be $85,000. It also expects to incur $100,000 of direct labor cost. If CWN bases applied overhead on direct labor cost, its predetermined overhead rate for the next period should be:
Answer:
85%
Explanation:
With regards to the above information, the predetermined over head is calculated as seen below.
Predetermined overhead = [(Estimated overhead / Expected labor cost) × 100]
Estimated overhead = $85,000
Expected labor cost = $100,000
Then,
Predetermined overhead = [($85,000 / $100,000) × 100]
Predetermined overhead = 0.85 × 100
Predetermined overhead = 85%
Therefore, the predetermined overhead rate for the next period should be 85%
TeaLeaver Inc. has requested Jason, a retiring employee, to train new employees on some essential job duties. In a bid to retain Jason for a short period of time, the company has offered him phased retirement, which means that his _____. Group of answer choices
Answer: offered reduced workload and pay level
Explanation:
Phased retirement is an arrangement in a workplace which allows an employee who is about to retire to continue working but with a reduction in his or her workload and pay level.
Such employees transition eventually from their full time work to their full time retirement. Phased retirement may also allow the employee to take a flexible pension income while he or she still remains in work.
If a firm's marginal tax rate is increased, this would, other things held constant, lower the cost of debt used to calculate its WACC. True False
Answer:
The answer is "True".
Explanation:
The marginal rate is indeed the extra income tax about any dollar earned as income. Its annual tax rate is the total tax paid divided by the total earnings. This marginal rate of 10% will impose a tax of 10 cents on every following income spent. that's why the given statement is true because the cost of debt [tex]= k\times (1-t)[/tex] and its t value will increase the cost of the decrease.
Cash dividends of $50,000 were declared during the year. Cash dividends payable were $10,000 and $20,000 at the beginning and end of the year, respectively. The amount of cash for the payment of dividends during the year is Group of answer choices $40,000 $50,000 $70,000 $60,000
Answer:
$40,000
Explanation:
The computation of the amount of cash for the payment of dividends during the year is shown below:
= Beginning dividends payable + Cash dividends Declared - Ending dividends payable
= $10,000 + $50,000 - $20,000
= $40,000
Hence, the amount of cash for the payment of dividends during the year is $40,000
Younes Inc. manufactures industrial components. One of its products, which is used in the construction of industrial air conditioners, is known as P06. Data concerning this product are given below: Per Unit Selling price $ 220 Direct materials $ 38 Direct labor $ 1 Variable manufacturing overhead $ 8 Fixed manufacturing overhead $ 16 Variable selling expense $ 4 Fixed selling and administrative expense $ 16 The above per unit data are based on annual production of 4,000 units of the component. Assume that direct labor is a variable cost. What is the current contribution margin per unit for component P06 based on its selling price of $220 and its annual production of 4,000 units
Answer:
Contribution margin= $169
Explanation:
First, we need to calculate the total unitary variable cost:
total unitary variable cost= direct material + direct labor + variable overhead + variable selling expense
total unitary variable cost= 38 + 1 + 8 + 4
total unitary variable cost= $51
Now, the contribution margin:
Contribution margin= 220 - 51
Contribution margin= $169
The following is a condensed version of the comparative balance sheets for Bonita Corporation for the last two years at December 31.
2020 2019
Cash $ 300,900 $ 132,600
Accounts receivable 306,000 314,500
Investments 88,400 125,800
Equipment 506,600 408,000
Accumulated Depreciation-Equipment (180,200 ) (151,300 )
Current liabilities 227,800 256,700
Common stock 272,000 272,000
Retained earnings 521,900 300,900
Additional information:
Investments were sold at a loss of $17,000; no equipment was sold; cash dividends paid were $51,000; and net income was $272,000.
Prepare a statement of cash flows for 2020 for Shamrock Corporation. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Answer:
Bonita Corporation
Statement of Cash Flows for the year ended December 31, 2020:
Operating Activities:
Net income $272,000
add loss from sale of investment 17,000
add Depreciation expense 28,900
Changes in working capital:
Accounts receivable $8,500
Current liabilities -28,900
Net cash from operations $297,500
Investing Activities:
Sale of investments $20,400
Purchase of equipment -98,600
Net cash from investing -$78,200
Financing Activities:
Payment of dividends -$51,000
Net cash flows $168,300
Explanation:
a) Data and Calculations:
Comparative Balance Sheets
2020 2019 Changes
Cash $ 300,900 $ 132,600 +$168,300
Accounts receivable 306,000 314,500 -$8,500
Investments 88,400 125,800 -$37,400
Equipment 506,600 408,000 +$98,600
Accumulated Depreciation
-Equipment (180,200 ) (151,300 ) +(28,900)
Current liabilities 227,800 256,700 -$28,900
Common stock 272,000 272,000 0
Retained earnings 521,900 300,900
Additional Information
Loss from sale of investment = $17,000
Net income = $272,000
Dividends = $51,000
Cash Beginning Balance $132,600
Net cash flows $168,300
Cash, Ending balance $ 300,900
The price of crude oil rose to over $100 per barrel in early 2013. What would we expect to see happen to the supply of plastic, which is produced using crude oil
Answer: The supply of plastic will decrease.
Explanation:
Supply simply means the amount of goods and services that a seller is willing to sell at a particular price and a given time period.
It should be noted that one determinant of supply is cost of raw material. Since there's an increase in the price of crude oil which is used in making plastic, there'll be a reduction in the number of plastic that can be produced, therefore, the supply of plastic will reduce.
Richards Corporation had net income of $205,359 and paid dividends to common stockholders of $41,600. It had 53,900 shares of common stock outstanding during the entire year. Richards Corporation's common stock is selling for $63 per share. The price-earnings ratio is
Answer:
16.54
Explanation:
Calculation to determine what The price-earnings ratio is
First step is to calculate the Earnings per share using this formula
Earnings per share = Net income/No of ordinary shares outstanding
Let plug in the formula
Earnings per share = $205,359/53,900 share
Earnings per share = 3.81
Now let calculate the Price-earnings ratio using this formula
Price-earnings ratio = Market price per share/Earnings per share
Let plug in the formula
Price-earnings ratio = $63/3.81
Price-earnings ratio = 16.54
Therefore The price-earnings ratio is 16.54
Jolene invests her savings in two bank accounts, one paying 3 percent and the other paying 9 percent simple interest per year. She puts twice as much in the lower-yielding account because it is less risky. Her annual interest is 6015 dollars. How much did she invest at each rate?
Answer and Explanation:
The computation is shown below:
Let us assume X be the amount invested at 3%
And, Y be the amount invested at 9%
So,
0.03X + 0.09Y = $6,015 ........(1)
X = 2Y ...........(2)
Now put the value of X in equation 1
0.03(2Y) + 0.09Y = $6,015
0.06Y + 0.09Y = $6,015
0.15Y = $6,015
Y = $40,100
X = 2 × $40,100 = $80,200
The demand function for a certain commodity is given by , where p is the price per unit and q is the number of units. a. At what price per unit will the quantity b. If the price is $1.87 per unit, demanded equal 8 units
Answer:
(a) The price per unit is $1.83 when the quantity demanded is 8 units
(b) The quantity demanded is approximately 8 units when the price per unit is $1.87
Explanation:
Given
[tex]p = 100e^{-q/2}[/tex]
[tex]p \to[/tex] price per unit
[tex]q \to[/tex] quantity demanded
Solving (a): Price per unit when quantity is 8
This means that we calculate p(8)
We have:
[tex]p(q) = 100e^{-q/2}[/tex]
So:
[tex]p(8) = 100e^{-8/2}[/tex]
[tex]p(8) = 100e^{-4}[/tex]
[tex]p(8) = 1.83[/tex]
Solving (b): Quantity demanded when price per unit is $1.87
This means that:
[tex]p(q) = 1.87[/tex] ---- find q
We have:
[tex]p(q) = 100e^{-q/2}[/tex]
So:
[tex]1.87 = 100e^{-q/2}[/tex]
Divide both sides by 100
[tex]0.0187 = e^{-q/2}[/tex]
Take natural logarithm of both sides
[tex]\ln(0.0187) = \ln(e^{-q/2})[/tex]
[tex]-3.980 = \ln(e^{-q/2})[/tex]
Rewrite as:
[tex]-3.980 = -q/2}*\ln(e)[/tex]
[tex]-3.980 = -q/2[/tex]
Multiply by -2
[tex]7.96 = q[/tex]
[tex]q = 7.96[/tex]
Approximate
[tex]q = 8[/tex]
The standard deviation for a set of stock returns can be calculated as the: Select one: a. variance squared. b. average squared difference between the actual return and the average return. c. average return divided by N minus one, where N is the number of returns. d. positive square root of the variance. e. positive square root of the average return.
Answer: d. positive square root of the variance.
Explanation:
Standard deviation is used to show the risk on a set of stocks and it is calculated by taking the square root of the variance of those same returns.
The process of finding the standard deviation is to therefore find the average return first and then find the variance of these returns. At this point, the variance will be positive as it is a squared value. Once this value is then taken to its square root, you will have your standard deviation.
You are attempting to value a call option with an exercise price of $109 and one year to expiration. The underlying stock pays no dividends, its current price is $109, and you believe it has a 50% chance of increasing to $142 and a 50% chance of decreasing to $76. The risk-free rate of interest is 12%. Calculate the call option's value using the two-state stock price model.
Answer:
The value of the call option today is $14.29
Explanation:
The two-state stock pricing model is one that prices are based on the assumption that there is no arbitrage profit opportunity as well as the fact that the call option's value will be the present value(PV) of the expected future winnings for long call.
Now, value of the call option if the prices go up will be;
142 - 109 = $32
While if the prices go down, it will be;
76 - 109 = -$33
The call option in this case can only be utilized when the market value exceeds the exercise price.
Therefore, the expected winnings value after one year will be;
Value after one year = (32 × 0.5) + (0 × 0.5)
Value after one year = $16
We used 0 in the multiplication because the call wouldn't be utilized for when the prices go down.
one year from now the long call can be expected to earn $16 .
Thus, today the present value of this amount will be the price of the call option if we take into cognizance that here will be no arbitrage profit opportunity.
With risk-free rate of interest is 12%, we have;
PV = 16/1.12 = $14.29
Assume for the United States that the opportunity cost of each airplane is 50 cars. Which of these pairs of points could be on the United States' production possibilities frontier?a. (200 airplanes, 5,000 cars) and (150 airplanes, 4,000 cars)b. (200 airplanes, 12,500 cars) and (150 airplanes, 15,000 cars)c. (300 airplanes, 15,000 cars) and (200 airplanes, 25,000 cars)d. (300 airplanes, 25,000 cars) and (200 airplanes, 40,000 cars)
Answer: b. (200 airplanes, 12,500 cars) and (150 airplanes, 15,000 cars)
Explanation:
The opportunity cost of an airplane is 50 cars. This means that if the number of planes produced were reduced by 50, the number of cars should increase by:
= 50 * 50
= 2,500 cars.
In option B, the airplanes were 200 and then reduced by 50 to 150. This led to an increase in cars of:
= 15,000 - 12,500
= 2,500 cars
Option B therefore satisfies the constraints and is correct.
A company must invest in project 1 in order to invest in project 2. Which of the following constraints ensures that project 1 will be chosen if project 2 is invested in?
a. X1 + X2 = 1
b. X1 - X2 < = 0
c. X1 - X2 > = 0
d. X1 + X2 = 0
X1 - X2 > = 0, constraints ensures that project 1 will be chosen if project 2 is invested. Thus, option (c) is correct.
What is company?The term "company" refers to legal entities that are lawfully registered under the Company Act. The company's major goal is to increase profits while maintaining goodwill. With the assistance of management, the organization was flawlessly run. Employees are compensated by the company.
According to the company was the invested in the two projects.
The equation was the X1 - X2 > = 0.
If X1 = 0, X2 will be 0
A company was the equal spend on the projects.
A company are the not less than zero is the investing.
Both should be greater or equal to 0.
As a result, the X1 - X2 > = 0, constraints ensures that project 1 will be decided if project 2 is invested. Therefore, option (c) is correct.
Learn more about on company, here:
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Draw the Marijuana Market (both a supply and demand) and label everything. You can choose a P1 or Q1 option instead of numbers or choose your own numbers. Shift the curve that would occur in the following market for marijuana if the government imposes an excise tax on marijuana sales. What will be the effect on price and quantity
Solution :
The diagram depicts the market for Marijuana where DD represents the demand curve and SS represents the supply curve and initial equilibrium occurs at the point [tex]E_1[/tex], where [tex]P_1[/tex] is the initial equilibrium price and [tex]Q_1[/tex] is the initial equilibrium quantity.
An excise tax on marijuana sales will increase the cost of the production of marijuana and shift the supply curve leftwards to S+tax with new equilibrium at point [tex]E_2[/tex] where the equilibrium price of marijuana has increased to [tex]OP_2[/tex] and equilibrium quantity of marijuana has decreased to [tex]OQ_2.[/tex]
The Assembly Department started the month with 83,000 units in its beginning work in process inventory. An additional 334,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 34,000 units in the ending work in process inventory of the Assembly Department. How many units were transferred to the next processing department during the month
Answer:
383,000
Explanation:
Calculation to determine How many units were transferred to the next processing department during the month
Work in process, beginning 83,000
Add Units started into production during the month 334,000
Less Work in process, ending (34,000)
Units completed and transferred out during the month 383,000
(+83,000+334,000-34,000)
Therefore How many units were transferred to the next processing department during the month is 383,000
During fiscal year 2018, BHD Inc. had Cash from Operations of $600 million, and Cash Used for Investing of $1,000 million. During the year the Cash account on the balance sheet decreased by $700 million. This implies that the Financing cash flow was an
Answer:
the Financing cash flow is -$300
Explanation:
The computation of the Financing cash flow is given below:
Cash from operations $600
Less: Cash used for investing -$1,000
Cash flow for financing -$300
Decrease in cash -$700
Hence, the Financing cash flow is -$300
The same should be considered and relevant for determining the Financing cash flow