Answer:
1. Profit maximization using total cost and total revenue curves Suppose Juanita runs a small business that manufactures teddy bears. Assume that the market for teddy bears is a competitive market, and the market price is $20 per teddy bear. The following graph shows Juanita's total cost curve. Use the blue points (circle symbol) to plot total revenue and the green points (triangle symbol) to plot profit for teddy bears quantities zero through seven (inclusive) that Juanita produces. Total Revenue Total Cost Profit TOTAL COST AND REVENUE (Dollars) 0 1 2 6 7 8 3 4 5 QUANTITY (Teddy bears) Calculate Juanita's marginal revenue and marginal cost for the first seven teddy bears she produces, and plot them on the following graph. Use the blue points (circle symbol) to plot marginal revenue and the orange points (square symbol) to plot marginal cost at each quantity.
Marginal Revenue Marginal Cost COSTS AND REVENUE (Dollars per teddy bear) 0 1 2 6 7 8 3 4 5 QUANTITY (Teddy bears) Juanita's profit is maximized when she produces teddy bears. When she does this, the marginal cost of the last teddy bear she produces is , which is than the price Juanita receives for each teddy bear she sells. The marginal cost of producing an additional teddy bear (that is, one more teddy bear than would maximize her profit) is $ , which is than the price Juanita receives for each teddy bear she sells. Therefore, Juanita's profit-maximizing quantity corresponds to the intersection of the curves. Because Juanita is a price taker, this last condition can also be written as
Take a look at a sample importance-performance model for a few different consumer segments in the airline industry. Please indicate which response(s) are correct based on this information.
A. Charter flights serve the elite (top 1%) consumer segment well.
B. Southwest is the second best option for business travelers.
C. The preference of budget travelers line up with what Delta has to offer more than what Southwest has to offer.
D. Delta could reasonably offer service to both elite and budget consumer segments.
Answer:
D. Delta could reasonably offer service to both elite and budget consumer segments.
Explanation:
Delta is one of the budget friendly airlines. Over 100,000 travelers fly with delta every year. It offers different services for both of its customers elite and budget consumers. The airline has mostly routes in the U.S. region and its headquarter is in Georgia.
A study has been conducted to determine if Product A should be dropped. Sales of the product total $200,000 per year; variable expenses total $140,000 per year. Fixed expenses charged to the product total $90,000 per year. The company estimates that $40,000 of these fixed expenses will continue even if the product is dropped. These data indicate that if Product A is dropped, the company's overall net operating income would:
Answer:
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Explanation:
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Misra Inc. forecasts a free cash flow of $ 35 million in Year 3, ie, at t = 3, and it expects FCF to grow at a constant rate of 5.5% thereafter. If the weighted average cost of capital (WACC) is 10.0% and the cost of equity is 15.0%, what is the horizon, or terminal, value in millions at t = 3?
Answer:
the answer for this question is 1289.44
Which examples demonstrate common education and qualifications for Distribution and Logistics careers? Check all that apply.
Fay is a Logistician with a four-year college degree.
Elliott did not graduate from high school but knows a lot about fixing engines.
Ursula has strong math ability.
Buddy is skilled at operating machinery.
Kiki is an excellent driver and has never been in a traffic accident.
Ahmed is good at staying focused without supervision.
Answer:
Fay is a Logistician with a four-year college degree.
Ursula has strong math ability.
Ahmed is good at staying focused without supervision.
Explanation:
got it right
The examples shows the common education and qualification for logistic career are :
Fay is a Logistician with 4-year degree.Ursula has a strong maths ability.Ahmed is good at staying focused.What is a logistic career?The logistic career includes the commodity manager, management analyst, supply chain manager, sourcing manager, and director of operations.
The logistic is a versatile platform where one gains knowledge and specializes in a specific skill. As their wok is to organize the store and distribution of goods.
Find more information about the logistics careers.
brainly.com/question/25474654
Olaf lives in the state of Minnesota. In 2019, a tornado hit the area and damaged his home and automobile Applicable information is as follows:
Item Adjusted Basis FMV before FMV after Insurance Proceeds
Home $350,000 60,000 $500,000 40,000
Auto $100,000 10,000 $280,000 20,000
Because of the extensive damage caused by the tornado, the President designated the area a Federal disaster area. Olaf and his wife, Anna, always file a joint return. Their 2019 tax return shows AGI of $180,000 and taxable income of $145,000. In 2020, their return shows AGI of $300,000 and taxable income (exclusive of the casualty loss deduction) of $225,000. Assume the taxpayers are in the 22% tax bracket in 2019 and the 24% tax bracket in 2020.
Required:
Determine the amount of Olaf and Anna's loss and the year in which they should take the loss.
1. Descriptive research is conducted for all of the following reasons except ________. a. to describe the characteristics of relevant groups, such as consumers, salespeople, organizations, or market areas b. to determine the degree to which marketing variables are associated
Answer: c. To understand which variables are the cause and which variables are the effect of a phenomenon
Explanation:
The options include:
a. To describe the characteristics of relevant groups, such as consumers, salespeople, organizations, or market areas
b. to determine the degree to which marketing variables are associated
c. to understand which variables are the cause and which variables are the effect of a phenomenon
d. to determine the perceptions of product.
Descriptive research simply refers to a research type that is used in the description of a population that the researcher is studying.
It simply answers questions such as when, what or how in the research. The subject of the research is being described here.
From the options given, we should note that the descriptive research isn't conducted to understand which variables are the cause and which variables are the effect of a phenomenon.
d. If money demand does not depend on the interest rate, the LM curve is vertical. True False e. If money demand does not depend on income, the LM curve is horizontal. True False f. If money demand is extremely sensitive to the interest rate, the LM curve is horizontal. True False g. Suppose the government wants to change the level of output. If the LM curve is horizontal, then fiscal policy is completely ineffective, whereas monetary policy is highly effective. monetary policy
Answer:
d. True
e. False
f. True
g. True
Explanation:
Interest rate movement is based on the fiscal policy of the government. If interest rates changes there is movement in the LM curve. This is because LM curve represents money market equilibrium of real interest rates. Monetary policy is completely ineffective if the interest rates does not change since the LM curve will be horizontal.
The NASDAQ is a floor-based exchange.
t or f
it takes fena tailoring 2 hr of cutting and 4 hr of sewing to make a tiered silk organza bridal dress. it takes 4 hr of cutting and 2 hr of sewing to make a lace sheath bridal dress. the shop has at most 18 hr per week available for cutting and at most 18 hr per week for sewing. the profit is $318 on an organza dress and $167 on a lace dress. how many of each kind of bridal dress should be made each week in order to maximize profit
Answer:
Fena should make 2 organza bridal dresses and 4 lace dresses which will yield maximum profit of $1,498.
Explanation:
Fena has choice between two types of bridal dresses for stiching. She can make either organza dresses or lace dresses. The combination of both dress will be identified by equation :
P = 318x + 216y
2x + 4y ≤ 18
3x + 2y ≤ 24
solving the equation we will get maximum profit of $1,498.
Despite the heavy reliance on e-mail, in certain situations calling may be the most efficient channel of communication, whether mobile or on your office line. Be sure to understand professional expectations for telephone, cell phone, and voice mail etiquette. Identify the telephone etiquette that will make your telephone calls productive. Check all that apply. Avoid telephone tag. End the call politely. Leave complete voice mail messages. Use a three-point introduction. Be professional and courteous.
Answer:
All options are correct
Explanation:
For a telephone call to be effective, it is necessary to introduce three points, where you must name the person you are calling, identify yourself and identify the reason for the telephone contact. It is ideal to avoid phone etiquette, as a clear and objective call will retain more attention and be more efficient.
If you are unable to communicate with the necessary person, it is ideal that the messages left in the voicemail are complete for the perfect understanding and identification of the reasons and how the person can return the contact if necessary.
In a phone call being professional and courteous is essential, through the tone of voice and cordiality of the attendant the attention will increase and the objectives of the call are more likely to be achieved, so throughout the call until its close, education must be the basis, because in addition to being necessary, the professional is a representative of the company that is calling, so ethics, education and cordiality are essential in any professional connection.
Help!!
According to the video, working as a Hotel, Motel, or Resort clerk is a good place to start if you are interested in
hotel management.
hotel cleaning services.
food preparation and support.
gaming supervision.
Answer: (A) hotel management
Explanation: just took the test
Answer:
Yea its A
Explanation:
A holiday sales flyer advertised a video game system for a significantly reduced price and
video game with purchase. Later that day, the sales associate told you that the store is out of
both items. Instead, you were offered a different system and games at full retail prices. What is this type of fraud called?
Answer: Bait and switch
Explanation:
The type of fraud here is referred to as the bait and switch fraud. This fraud occurs when customers are told about the low prices and quality of a product but aren't available when customers want to purchase such products and they're then given products that are costlier or products that are of lesser quality.
This can be seen in the question when the sales associate advertised the video game system for a reduced price which wasn't available when customers wanted to buy but were offered a game that was costlier.
Howard Enterprises, which has three departments, recently reported the following results: A B C Sales revenue $ 12,000 $ 48,000 40,000 Less: Operating costs 11,400 59,800 50,500 Operating income (loss) $ 600 $ (11,800 ) $ (10,500 ) The company incurred variable operating costs as well as $25,000 of fixed operating costs. The $25,000 amount was allocated to A, B, and C on the basis of sales revenue and is included in the cost figures noted above. Which department(s), if any, should be closed if none of the fixed operating costs can be avoided
Answer:
Department C should be closed
Explanation:
To determine whether or not it will be profitable to drop a loss making department, we compare the savings in fixed cost to the lost contribution from the division.
For Howard Enterprises, the department with a negative contribution should be closed otherwise its operation would reduce the overall profit by the amount of the negative contribution.
So lets work out the contribution for each department by adding back the apportioned fixed cost. See table below
A B C
$ $ $ Total
Sales Revenue 12,000 48,000 40,000 100,000
Operating cost 11,400 59,800 50,500
Operating income 600 (11,800) (10,500)
*Add back apportioned fixed cost 3,000 12,000 10,000
Contribution 3,600 200 (500)
*Apportioned fixed cost
A- 12,000/100,000× 25,000 = 3,000
B- 48,000/100000 × 25,000 = 12,000
C- 40,000/100,00×25,000 = 10,000
From the above analysis, Department C generates a negative contribution. It implies that it can barely cover its direct cost and so will deplete the total profit by its negative contribution. Hence, it should be closed
Department C should be closed
If different types of parol evidence contradict each other, this is the hierarchy of what prevails:
a. Course of performance, course of dealing, usage of trade Usage of trade.
b. Course of dealing, course of performance.
c. Course of dealing, usage of trade, course of performance
d. Course of performance, usage of trading, course of dealing
Answer:
a. Course of performance, course of dealing, usage of trade.
Explanation:
Parol evidence are oral agreements not in written format. These are agreed orally and the therefore its enforceability is sometimes difficult it either party refuses to accept the oral agreements as there is no physical evidence supporting the statements agreed.
The following account balances come from the records of Ourso Company: Beginning Balance Ending Balance Accounts receivable $ 2,677 $ 3,600 Allowance for doubtful accounts 147 198 During the accounting period, Ourso recorded $12,350 of sales revenue on account. The company also wrote off a $183 account receivable. Required a. Determine the amount of cash collected from receivables.
Answer:
A. $10,694
B.$234
Explanation:
A. Calculation to Determine the amount of cash collected from receivables.
Beginning accounts receivable $ 2,677
Add Sales Revenue $11,800
Less Ending accounts receivable ($ 3,600)
Less Accounts receivable wrote off ($183)
Cash collected from receivables $10,694
Therefore the amount of cash collected from receivables will be $10,694
B. Calculation to Determine the amount of uncollectible accounts expense recognized during the period.
Beginning balance in Allowance for Doubtful Accounts 147
Less Accounts receivable wrote off ($183)
Less Ending balance in Allowance for Doubtful Accounts (198)
Uncollectible accounts expense $234
Therefore the amount of uncollectible accounts expense recognized during the period will be $234
Government corrects____externalities by subsidizing the activity, as they do with____corrects____externalities by regulating or taxing activity in order to____pollution provides_____goods like national defense because of the free-rider problem promotes_____because markets with few firms tend to be inefficient provides assistance to those in need in order to improve____attempts to pursue macroeconomic goals, including____, _____, and____.
Answer:
Government corrects positive externalities by subsidizing the activity, as they do with education.Positive externalities are encouraged by subsidizing them so that they increase the more.
corrects negative externalities by regulating or taxing activity in order to discourage pollution.Negative externalities are punished by regulation and taxation to discourage their spread.
provides public goods like national defense because of the free-rider problemPublic goods need to be provided because everyone needs access to them and not just a select few.
promotes competition because markets with few firms tend to be inefficient.Monopolies have been shown to be inefficient as they do not have any competition that inspires innovation.
provides assistance to those in need in order to improve equity. attempts to pursue macroeconomic goals, including low unemployment, strong growth, and stability.It is a government's duty to ensure that the country is experiencing certain macro economic goals such as low unemployment, strong growth and economic stability.
Note: Options were too much to attach to answer as they required multiple pictures so I hope you have access to those options.
A researcher sets up an experiment involving the use of some sophisticated equipment. The research proposal is approved by the IRB and a grant to cover the cost of the equipment is received from a funding agency. The researcher does not mention that he owns stock in the company he chooses to supply the equipment. The same type of equipment is available from other companies, of comparable quality and price. Is this ethical or unethical
Answer:
This is unethical
Explanation:
Unethical behaviour is defined as a behaviour that is considered o be morally wrong for a group of people or in a given industry.
In the given scenario the researcher is using sophisticated equipment for an experiment.
He chose a company that he has shares in to supply the equipment.
This can be seen as a use of his influence for financial gain that is outside the normal compensation he is receiving
An online shopping website sold many email addresses in its database to another firm for a large sum of money. The new firm now has access to data of several customers and can use them to increase its sales. What does the selling of user data highlight?
A.
violating user privacy
B.
cleansing data
C.
classifying customers
D.
applying direct marketing
E.
using multiple data sources
Answer:
A.) violating user policy
On June 3, Novak Company sold to Chester Company merchandise having a sale price of $3,100 with terms of 2/10, n/60, f.o.b. shipping point. An invoice totaling $99, terms n/30, was received by Chester on June 8 from John Booth Transport Service for the freight cost. On June 12, the company received a check for the balance due from Chester Company.Prepare journal entries on the Sage Company books to record all the events noted above under each of the following bases.
(1) Sales and receivables are entered at gross selling price.
(2) Sales and receivables are entered at net of cash discounts.
(If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
No.
Date Account Titles and Explanation Debit Credit
(1)
June 3June 12
June 12
(2)
June 3June 12 June 3June 12
SHOW LIST OF ACCOUNTS
LINK TO TEXT
Prepare the journal entry under basis 2, assuming that Chester Company did not remit payment until July 29. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Date Account Titles and Explanation Debit Credit
July 29
SHOW LIST OF ACCOUNTS
LINK TO TEXT
Answer:
(a) Date Account Titles & Explanation Debit Credit
1. Jun-03 Accounts Receivable-Chester Company $3,100
Sales $3,100
(To record sales)
Jun-12 Cash $3,038
Sales Discounts $62
(3,100*2%)
Accounts ReceivableChester Company $3,100
(To record payment received)
2. Jun-03 Accounts Receivable-Chester Company $3,038
($3,100*0.98)
Sales $3,038
(To record sales)
Jun-12 Cash $3,038
Accounts Receivable-Chester Company $3,038
(To record payment received)
(b) Date Account Titles & Explanation Debit Credit
Jul-29 Cash $3,100
Accounts Receivable—Chester Company $3,038
Sales Discounts Forfeited $62
(To record payment received)
Suppose the total damage function is given as D = M2 for M ≥ 0. Suppose the total abatement cost function is given as TAC = 96M − 0.2M2, where M is emissions
Answer:
so like what is your question
A wholesale distributor of cleaning products is thinking about buying 200 more cases of a floor cleaning compound than she normally does. Nilan, a senior salesperson, has convinced the distributor to buy 300 extra cases by showing him the various payment schedules offered by his company and some other visuals of the products in his laptop computer. This is an example of which of the following close?
A) Technology.
B) Factual.
C) Statistical.
D) Showmanship.
E) Ben Franklin.
Answer:
B) Factual
C) Statistical
Explanation:
Wholesale distributor has been thinking to buy 200 extra cases. Nilan has convinced the distributor to buy 300 more cases by showing him payment schedules. This is statistical data which is used to convince the buyers decision. The decision has been made based on actual facts and payments schedules.
During January, Luxury Cruise Lines incurs employee salaries of $1.3 million. Withholdings in January are $99,450 for the employee portion of FICA, $195,000 for federal income tax, $81,250 for state income tax, and $13,000 for the employee portion of health insurance (payable to Blue Cross/Blue Shield). The company incurs an additional $80,600 for federal and state unemployment tax and $39,000 for the employer portion of health insurance.
Required:
Record the necessary journal entries.
Answer:
Date Account Title Debit Credit
Jan. 31 Salary Expenses $1,300,000
Accounts Payable - Insurance $13,000
FICA Tax Payable $99,450
Income Tax payable $276,250
Salaries Payable $911,300
Working:
Income tax payable = Federal income + State income
= 195,000 + 81,250 = $276,250
Date Account Title Debit Credit
Jan. 31 Salaries Expenses $39,000
Accounts Payable $39,000
Date Account Title Debit Credit
Jan. 31 Payroll Tax expenses $180,005
FICA Tax Payable $99,450
Federal and State Unemployment Tax $80,600
A company's current sales are $300,000 and fixed expenses total $225,000. The contribution margin ratio is 30%. The company has decided to expand production which is expected to increase sales by $70,000 and fixed expenses by $15,000. If these results occur, net operating income will ______. Multiple choice question. increase by $6,000 decrease by $27,000 increase by $21,000 decrease by $15,000
Answer:
Increase by $6,000
Explanation:
Calculation to determine the net operating income
Using this formula
Net operating income=Expected sales increase ×Contribution margin ratio-Fixed expenses
Let plug in the formula
Net operating income=$70,000 x 30% - $15,000
Net operating income=$21,000-$15,000
Net operating income=$6,000 increase
Therefore the net operating income will increase by $6,000
The trading securities portfolio of Jerome, Inc., had a total cost of $3,000 and
a fair value of $2,800 on December 31, which is the first year it held trading
securities. Complete the necessary adjusting entry by selecting the account
names from the pull-down menus and entering dollar amounts in the debit and credit columns
Answer and Explanation:
The journal entry is shown below:
Unrealized Loss - Income ($3,000 - $2,800) $200
To Fair value adjustment - trading $200
(being the adjustment to fair value for trading securities is recorded)
Here the unrealized loss would be debited and the fair value adjustment would be credited
An unlikely pitfall that is associated with pursuing strategic alliances with foreign partners is:_________
a. reaching mutual agreements to deal with key issues and resolve differences
b. overcoming cultural and language barriers
c. dealing with diverse operating practices, conflicting objectives, and strategies
d. getting alliance partners to reach decisions fast enough to stay abreast of rapid advances
d. making it harder to pursue a multidomestic strategy as compared to a global strategy
Answer:
e. making it harder to pursue a multidomestic strategy as compared to a global strategy.
Explanation:
The pitfalls or disadvantage associated with the strategic alliances is that of poor resource allocation. Loss of control over the quality, operating cost and the employees, etc. Difficulties to meet the objective on deadlines and delays in policy formulations. The strategy to negotiate is very essential for the strategic alliances as the need to avoid conflicting goals.Samuelson Electronics has a required payback period of 4 years for all of its projects. Currently, the firm is analyzing two independent projects. Project A has an expected payback period of 3.1 years and a net present value of $42,000. Project B has an expected payback period of 4.1 years with a net present value of $2,640. Which project(s) should be accepted based on the payback decision rule?
Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most balanced picture of how prices fluctuate in the economy. Two of the most commonly used price indexes are the consumer price index (CPI) and the GDP deflator.
The GDP deflator for this year is calculated by dividing the 1) ________
a. Value of all goods and services produced in the economy in the base year.
b. Value of all goods and services produced in the economy this year.
c. cost of a given market basket of goods and services using
2) ______ a. the base year's prices
b. this year's prices by the
3) ________
a. Value of all goods and services produced in the economy in the base year
b. Value of all goods and services produced in the economy this year
c. cost of a given market basket of goods and services using
4) ______
a. the base year's prices
b. this year's prices
the CPI reflects only the prices of all goods and services 5) _______
a. produced domestically
b. bought by consumers
Which does an increase in the price of a Chinese-made car that is popular among U.S. consumers show up in?
a. GDP Deflator
b. CPI
Answer:
b
b
a
a
b
b
Explanation:
Severs on has an annuity due that pays $400 per year for 20 years. What is the value of the cash flow 20 years from today if they are placed in an account that earns 7.50%
At the beginning of 2019, the Healthy Life Food Company purchased equipment for $42 million to be used in the manufacture of a new line of gourmet frozen foods. The equipment was estimated to have a 10-year service life and no residual value. The straight-line depreciation method was used to measure depreciation for 2019 and 2020. Late in 2021, it became apparent that sales of the new frozen food line were significantly below expectations. The company decided to continue production for two more years (2022 and 2023) and then discontinue the line. At that time, the equipment will be sold for minimal scrap values. The controller, Heather Meyer, was asked by Harvey Dent, the company's chief executive officer (CEO), to determine the appropriate treatment of the change in service life of the equipment. Heather determined that there has been an impairment of value requiring an immediate write-down of the equipment of $12,900,000. The remaining book value would then be depreciated over the equipment's revised service life. The CEO does not like Heather's conclusion because of the effect it would have on 2016 income. "Looks like a simple revision in service life from 10 years to 5 years to me," Dent concluded. "Let's go with it that way, Heather."
Required:
What is the difference in before-tax income between the CEO's and Heather's treatment of the situation? Discuss Heather Meyer's ethical dilemma.
The payment of FUTA would include
Answer:
Hope it's help uu
Explanation:
if wrong then sry
Firstly, FUTA means Federal Unemployment Tax Act