Answer:
2.5
Explanation:
Real interest rate is the interest rate that has been adjusted for the effect inflation.
Nominal interest rate hasn't been adjusted for the effects of inflation. It is the one more popularly quoted .
Inflation is the rise in general price level.
Real interest rate = nominal interest rate - expected inflation rate
4.25 - 1.75 = 2.5
I hope my answer helps you
Kwik Delivery Service reports the following costs and expenses in June 2013. Indirect materials $ 8,400 Driver's salaries $14,000 Depreciation on delivery Advertising 5,100 equipment 11,200 Delivery equipment Dispatcher's salary 5,000 repairs 300 Property taxes on office Office supplies 650 building 870 Office utilities 1,490 CEO's salary 12,000 Repairs on office Gas and oil for delivery trucks 3,200 equipment 180 Instructions Determine the total amount of (a) delivery service (product) costs and (b) period costs.
Answer:
service cost: 41,800
period cost: 20,590
Explanation:
delivery service cost: those who are related to the deliveries
Indirect materials 8,400
Depreciation on delivery equipment 11,200
Dispatcher's salary 5,000
Gas and oil for delivery trucks 3,200
Driver's salaries 14,000
Total: 41,800
period cost: those who can be linker directly or indirectly throught allocation of overhead into the delviery cost.
Repairs on office equipment 180
Office utilities 1,490
Office supplies 650
Property taxes on office building 870
Advertising 5,100
CEO's salary 12,000
*Repairs delivery equipment 300
Total: 20,590
While the repair are made on delivery equipment they cannot be linked to an specific delivery or allocated as they do not incease the capacity, this isn't maintenance this is repairs those, expense for the period.
Delivery service or product costs are those directly necessary for producing or delivering a product. In this case, these amount to $37,100. Period costs are those unrelated to production levels, totaling $25,290 in this scenario.
Explanation:In accounting, delivery service costs (product costs) are the costs involved in producing or delivering a product, while period costs aren't directly tied to production – they're incurred regardless of production levels.
From the given expenses, the delivery service costs include indirect materials, driver's salaries, depreciation on delivery equipment, repairs on delivery equipment, and gas and oil for delivery trucks, totaling $8,400 + $14,000 + $11,200 + $300 + $3,200 = $37,100.
The period costs include the dispatcher's salary, office supplies, property taxes on the office building, office utilities, advertising, CEO's salary, and repairs on office equipment, totaling $5,100 + $650 + $870 + $1,490 + $5,000 + $12,000 + $180 = $25,290.
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When Raoul Welsh is evaluating the construction industry in terms of interest rates, employment cycles, and the rate of new home building nationwide, he is looking at microeconomics.True/False
Answer:
FALSE
Explanation:
Microeconomics refers to the branch of economics which examines the actions of persons and businesses in making choices about limited resource distribution and the relationships between these entities and industries.
Although microeconomics concentrates on companies and people, macroeconomics focuses on overall economic exercise, talking about issues of development, interest rates, and joblessness, and governmental policies on such concerns.
Thus, from the above we can conclude that the given statement is false.
Naples Company produced 650,000 units and sold 500,000 units. Their unit selling price is $10. Cost of goods sold is $6 per unit. Fixed selling expenses are $10,000 and variable selling and administrative expenses are $3 per unit. Compute Naple's net income under absorption costing.
Answer:
Net operating profit= $490,000
Explanation:
Giving the following information:
Naples Company produced 650,000 units and sold 500,000 units. Their unit selling price is $10. The cost of goods sold is $6 per unit. Fixed selling expenses are $10,000 and variable selling and administrative expenses are $3 per unit.
Income statement:
Revenue= 500,000*10= 5,000,000
COGS= 500,000*6= 3,000,000
Gross profit= 2,000,000
Fixed expenses= 10,000
Variable selling nd administrative= (500,000*3)= 1,500,000
Net operating profit= $490,000
In absorption costing, the net income is calculated by deducting the cost of goods sold and total selling expenses from the total sales revenue.
Explanation:In absorption costing, fixed manufacturing costs are allocated to each unit produced, therefore, net income is calculated by deducting the cost of goods sold and total selling expenses from the total sales revenue.
Calculate the total manufacturing cost per unit: $6 (cost per unit)Calculate the total variable selling expenses: $3 (variable selling and administrative expenses per unit) multiplied by 500,000 (units sold) = $1,500,000Calculate the cost of goods sold: $6 (cost per unit) multiplied by 500,000 (units sold) = $3,000,000Calculate the total fixed manufacturing costs: $3,000,000 (cost of goods sold) - $500,000 (units produced) multiplied by $6 (cost per unit) = $1,500,000Calculate the total selling expenses: $10,000 (fixed selling expenses) + $1,500,000 (variable selling expenses)Calculate the net income: $5,000,000 (total sales revenue) - $3,000,000 (cost of goods sold) - $1,500,000 (total selling expenses) = $500,000An effective integrated communications and promotion program should begin with ___.
a. Choosing appropriate media for message transmittal
b. Creating a message Identifying communication objectives
c. Gathering feedback
d. Discovering the target audience
Answer:
The correct answer is letter "D": Discovering the target audience.
Explanation:
Integrated communications and promotion programs consist of portraying consumers with advertising that will help them make decisions in choosing one product over another. To achieve this, the first step that must be taken is to find out who the company will be dealing with. It implies researches about potential consumers, their preferences, and customers' behavior.
An effective integrated communications and promotion program should begin with creating a message, identifying communication objectives, and discovering the target audience.
Explanation:An effective integrated communications and promotion program should begin with creating a message, identifying communication objectives, and discovering the target audience. These three elements are crucial in establishing the foundation for a successful communication program.
When creating a message, it is important to craft a compelling and clear message that aligns with the goals of the communication program. Identifying communication objectives allows the organization to define what they want to achieve through their communication efforts. Finally, discovering the target audience helps businesses tailor their messages and choose appropriate media for message transmittal. This ensures that the right message reaches the right audience through the most effective channels.
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Topik is a product that is sprayed on thinning hair and makes the hair appear thicker. The manufacturer considers its potential market to be blue-collar workers who earn less than $30,000 per year, are divorced, and who like to think of themselves as weekend athletes. The manufacturer of Topik considers this group to be its:
(A) population
(B) sample
(C) target market(D) demand group(E) utility market(F) package group
Answer:
(C) target market
Explanation:
The group of people for which a product is designed and aimed to is the product's target market. In this case, Topik is a product that aims to sell to blue-collar workers who earn less than $30,000 per year, are divorced, and who like to think of themselves as weekend athletes, which is the product's target market.
The answer is (C).
Final answer:
The manufacturer of Topik considers blue-collar workers earning less than $30,000 per year, who are divorced, and fancy themselves as weekend athletes, as its target market option C.
Explanation:
The manufacturer of Topik, which is a product used to make thinning hair appear thicker, considers the group of blue-collar workers earning less than $30,000 per year, who are divorced, and like to think of themselves as weekend athletes to be its target market. A target market is a specific group of consumers at which a company aims its products and services. Understanding the target market is crucial for effective marketing strategies and product positioning.
Suppose that the price of food increases by 2%, the price of clothing increases by 4%, and food and clothing each account for half of expenditures; therefore, the overall inflation rate is 3%. A 3% increase in income is necessary to achieve the same level of utility.true/false
Answer:
True
Explanation:
Since the overall inflation is 3%, a rise in income of 3% is necessary to balance off the rise in inflation.
A firm has sales of $10,000, EBIT of $3,000, depreciation of $400, and fixed assets increased by $2,000. If the firm's tax rate is 30 percent and there were no increases in net operating working capital, what is the firm's free cash flow? Multiple Choice a. $500 b. $600 c. $7400 d. $1,220
Answer:
The correct option is A,free cash flow is $500 as shown by my calculation below.
Explanation:
The formula for free cash flows to firm is given as:
FCFF=EBIT(1-t)+D&A-change in net working capital-capex
EBIT is earnings before interest and tax
D is depreciation
A is amortization
Capex is capital expenditure
FCFF=3000(1-0.30)+400-2000
FCFF=$500
Actions firms take to gain competitive advantages in a single market or industry are known as A. business level strategies. B. corporate level strategies. C. functional level strategies. D. sustainable strategies.
Answer:
A. business level strategies
Explanation:
Business level strategies -
It refers to the strategy taken by the business or organisation , in order to satisfy the needs of the human being , is referred to as business level strategies.
The method is adapted for the betterment of the business or firm , by making the consumers happy and satisfied.
Hence , from the given information of the question,
The correct option is A. business level strategies .
g MC Qu. 87 When is a goodwill impairment loss... When is a goodwill impairment loss recognized?
Answer:
Goodwill impairment occurs when a company decides to pay more than book value for the acquisition of an asset.
An impairment is recognized as a loss on the income statement and as a reduction in the goodwill account. The amount of the loss is the difference between the current fair market value of the asset and its carrying value or amount.
Explanation:
Final answer:
A goodwill impairment loss is recognized when the carrying amount of goodwill is greater than its fair value, usually during an annual test by the company following IFRS or GAAP standards.
Explanation:
A goodwill impairment loss is recognized when the carrying amount of goodwill exceeds its fair value. This typically occurs during a company's annual impairment test, which is a requirement by accounting standards such as the International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) in the United States.
Under these standards, companies are required to assess whether there is any indication that goodwill might be impaired. If the carrying value of a reporting unit, including goodwill, exceeds its fair value, the company must recognize an impairment loss. The loss is calculated as the difference between the carrying value and the fair value of the goodwill.
Goodwill impairment testing and loss recognition is a complex financial process involving valuation assessments and judgment calls by management, often assisted by valuation professionals. It is an important aspect of financial reporting, as it can have a significant impact on a company's financial statements and indicate underlying business issues.
The field of _______ is considered a subfield of behavioral medicine and focuses on the various mental factors that are important for the establishment and maintenance of physical and psychological health.
That would be the field of Psychiatry, which is he study of human behavior in correlation to medication therapy.
Health Psychology, a subfield of behavioral medicine, focuses on how psychological factors affect the maintenance of physical and psychological health. It uses the biopsychosocial model and often studies the effects of behaviors and lifestyles on health, modifying risky behaviors, and identifying high-risk groups.
Explanation:The field referred to in the question is Health Psychology, a subfield of behavioral medicine. It concentrates on how various psychological factors significantly contribute to maintaining physical and psychological health. It culminates in the biopsychosocial model, which examines health and illness as a nexus of biological, psychological, and sociocultural factors.
Health psychologists often research the effects of behaviors and lifestyles on health and well-being, such as why people smoke or eat unhealthy food despite the risks. They also design and evaluate interventions for modifying risky behaviors. Through their work, they identify specific groups at increased risk for ill health based on psychological or behavioral factors.
Much of health psychology's focus dissect the effects of stress and other psychological factors on human health, establishing it as a vital subfield in our understanding of human health and wellbeing.
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A business paid $40 in dividends. Show how to record the transaction to the T-accounts by completing the following sentence. Dividends would be (debited/credited) on the (left/right) side of the T-account. and Cash would be (debited/credited) on the (left/right) side of the T-account.
Answer:
Dividends would be debited on the left side of the T-account and Cash would be credited on the right side of the T-account.
Explanation:
The T-accounts is a system of accounting used to record transactions in debits and credits. Accounts are recognized based on class- Assets and expenses are usually debit while revenue and liabilities are credit balances.
If dividend was paid the entries required are debit to dividends credits to cash.
Dividends would be debited on the left side of the T-account and Cash would be credited on the right side of the T-account.
Altima, Inc. finished Job A40 on the last working day of the year. It utilized $ 360 of direct materials and $ 2 comma 030 of direct labor. Altima uses a predetermined overhead allocation rate based on direct labor costs, which has been fixed at 40%. The entry to record the completion of the job should involve a ________. A. debit to Finished Goods Inventory $ 3 comma 202 and a credit to Materials Inventory $ 3 comma 202 B. debit to Cost of Goods Sold $ 3 comma 202 and a credit to Finished Goods Inventory $ 3 comma 202 C. debit to Finished Goods Inventory $ 3 comma 202 and a credit to WorkminusinminusProcess Inventory $ 3 comma 202 D. debit to WorkminusinminusProcess Inventory $ 3 comma 202 and a credit to Finished Goods Inventory $ 3 comma 202
Answer:
C. debit to Finished Goods Inventory $ 3 comma 202 and a credit to Work minus Process Inventory $ 3 comma 202
Explanation:
The journal entry is shown below:
Finished goods inventory A/c Dr $3,202
To Work in process inventory A/c $3,202
(Being the job is completed)
The computation is shown below:
= Direct material cost + Direct labor cost + manufacturing overhead cost
= $360 + $2,030 + $2,030 × 40%
= $360 + $2,030 + $812
= $3,202
For those who are trying to make moral decisions,A. it is impossible to make progress on controversial ethical issues unless everyone shares the same moral theory.B. endorsing a moral principle doesn't require you to apply it in all similar situations.C. moral judgments don't have to be related to some general moral principles.D. in a moral discussion, clarifying the facts and spelling out the principles to which people are appealing can help us to reach a solution.
Answer:
option D : in a moral discussion, clarifying the facts and spelling out the principles to which people are appealing can help us to reach a solution.
Explanation:
Facts clarification and sorting according to the principles in terms of making it known the principles to which is people are appealing can definately help to reach an effective and sustainable solution in making a moral decision.
In moral decision-making, D. In a moral discussion, clarifying the facts and spelling out the principles to which people are appealing can help us reach a solution.
Explanation:In moral decision-making, it is not necessary for everyone to share the same moral theory to make progress on controversial ethical issues. Endorsing a moral principle does not require applying it in all similar situations. Moral judgments can be related to general moral principles, and in moral discussions, clarifying the facts and principles can help in reaching a solution.
Thus, in a moral discussion, clarifying the facts and spelling out the principles to which people are appealing can help us reach a solution. This option recognizes that in moral decision-making, it's often essential to clarify the facts and understand the moral principles being used to address controversial ethical issues. It emphasizes the importance of reasoned discussion and analysis in reaching moral conclusions.
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Physical capital differs from raw materials in the sense that raw materials A. have a longer useful life in production B. are considered human capital C. cannot be used to produce goods and services D. are used up in production E. are not a resource used in production
Answer:
D. are used up in production
Explanation:
Raw materials can be seen as the "ingredients" required to produce a good and, thus, are consumable (used up in production). Physical capital refers to lasting goods that are assist the production process like buildings or machinery and are not consumable.
Inc. has a net profit margin of 5% on sales of $50 million. It has book value of equity of $40 million and total liabilities with a book value of $30 million. What is Ladders’ ROE? ROA?
Answer:
ROE = 6.25%
ROA = 3.57%
Explanation:
Sales = 50 million
Net Profit margin = 5%
Net profit = 50 million x 5% = 2.5 million
Total Assets = Total Equity + Total Liabilities
Total Assets = 40 million + 30 million = 70 million
Return on Equity = Net Profit / Total equity
Return on Equity = $2.5 million / $40 million = 0.0625 = 6.25%
Return on Assets = Net profit / total Asset
Return on Assets = 2.5 million / 70 million = 0.0357 = 3.57%
Inc.’s ROE would be approximately 6.25%, while the ROA would be about 3.57%. This is calculated by finding the net income first and then using appropriate formulas for ROE and ROA.
Explanation:The net income of Inc. can be calculated by multiplying its net profit margin of 5% with its sales of $50 million. Hence, the net income would be $2.5 million (0.05 * 50 million).
The Return on Equity (ROE) is calculated by dividing the net income by the book value of equity. Therefore, ROE would be 0.0625 or 6.25% (2.5 million / 40 million).
The Return on Assets (ROA) is calculated by dividing the net income by total assets. The total assets can be calculated by adding the book value of equity and total liabilities. Hence, total assets amount to $70 million (40 million + 30 million). The ROA hence would be approximately 0.0357 or 3.57% (2.5 million / 70 million).
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Panther Pacific uses the net method of accounting for purchases and sales. The net method assumes that discounts are taken when a purchase or sale of inventory is made on account. Discounts are applied at the time a purchase or sale of inventory is made.
Answer: The net method assumes that discount are taken when a purchase or sale of inventory is made on account.
Explanation:
An invoice is a document sent by the seller to the buyer showing the description of the goods bought, the quantity, and the price. In invoice prices are sometimes given subject to so much percentage cash discount. The cash discount is a percentage reduction from the quoted prices of goods.It is an allowance given by the seller to the buyer in order to encourage the buyer to pay promptly. The term of sale known as net date with discount is a process whereby goods bought by the buyer are not paid for immediately, but it is paid for at a later date.
The net method of accounting assumes that the buyer will make use of the opportunity provided by the cash discount given by the seller and pays promptly in order to enjoy the cash discount. For example 2/10 net 30, this means that the buyer will be given 2% discount if the buyer pays within ten days, Therefore, the net method assumes that discount are taken when a purchase or sale of inventory is made on account. Also in the net method the recording of purchase is done with the cash discount given to the buyer by the seller, while sales are usually recorded at the net price.
ssume that interest rate parity exists. You expect that the one-year nominal interest rate in the U.S. is 7%, while the one-year nominal interest rate in Australia is 11%. The spot rate of the Australian dollar is $.60. You will need 10 million Australian dollars in one year. Today, you purchase a one-year forward contract in Australian dollars. How many U.S. dollars will you need in one year to fulfill your forward contract? A. $5,784,000 B. $5,387,000 C. $6,184,000 D. $8,356,000
Answer:
The answer is A. $5,784,000
Explanation:
[(1.08)/(1.11)] -1 = -3.6%
Thus one year forward rate is 0.60*[1 +(0.036)] = $5784
$5784 * 10 000 000= $5,784,000
A catering company prepared and served 300 meals at an anniversary celebration last week using eight workers. The week before, six workers prepared and served 240 meals at a wedding reception. A. For which event was the labor productivity higher? Explain. B. What are some possible reasons for the productivity differences?
Answer:
Case 2 has higher labor productivity
Explanation:
A. Labor Productivity = Total output / Total Input of labor
Case 1.
Given:
Total output of meals = 300 meals
Total Input of labor = 8 worker
Labor Productivity for case 1. = 300 meals / 8 worker
= 37.5 meals/worker
Case 2.
Given:
Total output of meals = 240 meals
Total Input of labor = 6 worker
Labor Productivity for case 1. = 240 meals / 6 worker
= 40 meals/worker
So, we say that In case 2. labor productivity is higher.
B. The major difference is as follows:
The efficiency level of the worker in case 2 is better than case 1
(by providing better training and management)
The productivity was higher for the wedding reception, with 40 meals per worker compared to the anniversary's 37.5. Reasons for these differences could be meal complexity, worker expertise, or efficiency of work processes.
Labor productivity is commonly measured as the output produced by workers divided by the number of hours they work. In this case, the output is the number of meals prepared, and the input is the number of workers. For the anniversary celebration, 300 meals were prepared by 8 workers, which gives a productivity of 37.5 meals per worker. For the wedding reception, 240 meals were prepared by 6 workers, which gives a productivity of 40 meals per worker.
So, labor productivity was higher for the wedding reception. There could be various reasons for the differences in productivity. It could be due to the complexity of the meals, the expertise of the workers, or the efficiency of the processes used.
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Basic scientific research is research that may not have immediate commercial application, but has the potential to contribute to a diverse set of commercial applications in the future. For example, the basic science for laser beam technology was developed in Bell Laboratories in 1960. Since then laser technology has been used in medical technologies, data transmission and a host of other commercial applications. In this example, the development of laser technology created _________.
a. positive externalitiesb. negative externalitiesc. imperfect informationd. imperfect competition
Answer:
The correct answer is letter "A": positive externalities.
Explanation:
An Externality is a cost or benefit incurred or received by a third party who has no control over the factors that created the cost or benefit. Positive externalities occur when both at the private and social levels have a positive benefit from the consumption or production of a good.
"A time of declining economic activity when businesses decrease production, unemployment rises, and many consumers have less money to spend is referred to as__________
Answer:
Recession.
Explanation:
Recession is a time of slow economic activity.Businesses decrease production,unemployment rises and many consumers have less to spend.
On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $580,000 of 8% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year.
Required:
1. If the market interest rate is 8%, the bonds will issue at $580,000. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. 2. If the market interest rate is 9%, the bonds will issue at $542,277. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021.3. If the market interest rate is 7%, the bonds will issue at $621,216. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021.
Answer:
cash 580,000 debit
note payable 580,000 credit
interest expense 23,200 debit
Cash 23,200 credit
--interest payment June 30th 2021--
interest expense 23,200 debit
Cash 23,200 credit
--interest payment Dec 31th 2021--
2)
cash 542,277 debit
discount on BP 37,723 debit
bonds payable 580,000 credit
interest expense 24,402.46 debit
discount on BP 1,202.46 credit
cash 23,200.00 credit
--interest payment June 30th 2021--
interest expense 24,456,58 debit
discount on BP 1,256.58 credit
cash 23,200.00 credit
--interest payment Dec 31th 2021--
3)if issued at 7% then
cash 621,261 debit
premium on BP 41, 261 debit
bonds payable 580,000 credit
interest expense 21,744.13 debit
premium on BP 1,455.87 debit
cash 23,200.00 credit
--interest payment June 30th 2021--
interest expense 21,693.18 debit
premium on BP 1,506.82 debit
cash 23,200.00 credit
--interest payment Dec 31th 2021--
Explanation:
1)
the bond are issued at par thus it matches the amount recieved with the bonds payable liability
580000 x 4% = 23,200
2) if issued at 9% then
542,277 x 0.045 = 24.402,465 interest expense
23,200 cash payment
amortization 1.202,46
second payment
(542,277+1,202.46) x 0.045 = 24.456,5757 interest expense
cash payment 23,200
amortization 1,256.58
3) if issued at 7% then
621,261 x 0.035 = 21.744,13 interest expense
23,200 cash payment
amortization 1.455,87
second payment
(621,261 - 1,455.87) x 0.035 = 21.693,18 interest expense
cash payment 23,200
amortization 1,506.82
Twister Enterprises issues bonds due in 10 years at different market interest rates and records the bond issue and the first two semiannual interest payments.
Explanation:1. Bond Issue at 8% Market Interest Rate:
On January 1, 2021, Twister Enterprises records the bond issue at $580,000. They debit Cash and credit Bonds Payable for the same amount. Then, on June 30, 2021, they make the first interest payment of $23,200 by debiting Interest Expense and crediting Cash. They repeat the same process on December 31, 2021, for the second interest payment.
2. Bond Issue at 9% Market Interest Rate:
On January 1, 2021, Twister records the bond issue at $542,277 by debiting Cash and crediting Bonds Payable. The first interest payment of $24,408.47 is made on June 30, 2021, and recorded by debiting Interest Expense and crediting Cash. The second interest payment follows the same process on December 31, 2021.
3. Bond Issue at 7% Market Interest Rate:
On January 1, 2021, Twister records the bond issue at $621,216 by debiting Cash and crediting Bonds Payable. The first interest payment of $21,738.72 is made on June 30, 2021, and recorded by debiting Interest Expense and crediting Cash. The second interest payment follows the same process on December 31, 2021.
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The cost of renting tuxes for the Choral Society’s formal is $20 down plus $88 per tux. Express the cost ???? as a function of x, the number of tuxedos rented. a. What is the cost of renting two tuxes? b. What is the cost of the second tux? c. What is the cost of the tenth tux? d. What is the variable cost? e. What is the fixed cost? f. What is the marginal cost?
Final answer:
The cost of renting tuxes for the Choral Society's formal can be expressed as a function of the number of tuxedos rented. The cost equation is $20 + $88x. To find the cost of renting two tuxes, substitute x = 2 into the equation. The variable cost is $88, the fixed cost is $20, and the marginal cost is $88.
Explanation:
The cost of renting tuxes for the Choral Society’s formal can be expressed as a function of the number of tuxedos rented, x. The cost equation can be written as:
Cost = $20 + $88x
a. To find the cost of renting two tuxes, substitute x = 2 into the equation:
Cost = $20 + $88(2) = $20 + $176 = $196
b. To find the cost of the second tux, substitute x = 2 into the equation:
Cost = $88(2) = $176
c. To find the cost of the tenth tux, substitute x = 10 into the equation:
Cost = $20 + $88(10) = $20 + $880 = $900
d. The variable cost in the equation is $88, as it depends on the number of tuxedos rented.
e. The fixed cost in the equation is $20, as it remains constant regardless of the number of tuxedos rented.
f. The marginal cost is the additional cost incurred by renting one more tuxedo. It can be calculated by finding the change in cost when x increases by 1:
Marginal Cost = Cost(x+1) - Cost(x)
Substitute x = 9 and x = 10 into the equation to find the marginal cost of the tenth tux:
Marginal Cost = (Cost(10+1) - Cost(10)) = (Cost(11) - Cost(10)) = ($20 + $88(11) - ($20 + $88(10)) = $20 + $968 - $900 = $88
_____ are the dimensions or attributes of a product that are used to compare different alternatives.
Answer:
The correct answer is letter "A": Evaluative criteria.
Explanation:
In Marketing, evaluative criteria are the set of features individuals use to compare one good or service from another. According to this approach, individuals tend to select other product than the one that was on their minds based on price or quality.
Criterion are the dimensions or attributes of a product used to compare different alternatives, including both physical and intangible aspects.
Explanation:The dimensions or attributes of a product that are used to compare different alternatives are known as criterion. Criteria are essential as they provide a way to evaluate the quality of design, whether by comparing physical attributes like color, contrast, depth, texture, shape, and dimensions (height, width, length), or intangible aspects such as a guarantee of satisfaction, a reputation for high quality, and services like free delivery. These criteria help consumers and engineers focus on product attributes and make decisions regarding which products better solve their problems or meet their needs.
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During the Zhou Dynasty, merchants were Group of answer choices independent operators who were vital to the economy. interested only in trading domestic goods. the property of the local lord and could sometimes be bought and sold. were originally slave owners but later freed their slaves. the funders and sponsors of massive irrigation projects.
The property of the local lord and could sometimes be bought and sold
Answer: Option 3.
Explanation:
The Zhou dynasty expanded economic production by developing new iron tools that helped produce more food. They grew new crops and organized large-scale irrigation works. They expanded commerce by using money.
During the Eastern Zhou Dynasty ancient shamanist practices were forged into a system of moral beliefs for daily life that later became Confucianism (See Confucianism, Religion). The Zhou also refined writing. It said people in the Zhou Dynasty had also learned to grow fruit trees in orchards.
A learning organization is an organization that actively creates, acquires, and transfers knowledge within itself and is able to modify its behavior to reflect new knowledge. According to Senge from MIT, learning organizations are places "where people continually expand their capacity to create the results they truly desire, where new and expansive patterns of thinking are nurtured, where collective aspiration is set free, and where people are continually learning how to learn together." This activity is important because learning is a key component of organizational success. The goal of this exercise is to challenge your knowledge of what learning organizations are and how to build them.
Answer:
As it is said in the text, Learning Organizations are organization that enables people to build their knowledge and capacity.
Explanation:
A learning organization creates in people more value around their skills and motivates them. They are essential and the key to success. In order to build them there’s a huge need of having a training plan so people in it keep on studying and challenging theirselves. To track these trainings there must be an evaluation and monitoring plan so that we can be aware of the changes needed.
A learning organization consistently creates and acquires knowledge, transferring it among its members, and adapts behavior based on this new knowledge. The building of such an organization involves continual learning, nurturing collective aspiration, and creating an environment for learning. This concept is vital for organizational success.
Explanation:A learning organization is a type of organization that constantly seeks to create, acquire, and transfer knowledge amongst its members, and can adapt its behavior in light of new knowledge. They are defined by their capability to nurture new and expansive ways of thinking and to set collective aspirations free, according to Peter Senge from MIT.
Building a learning organization requires a focus on encouraging continual learning, fostering abilities for employees to create the results they desire, nurturing collective aspiration, and fostering an environment where everyone is learning to learn together.
Learning organizations are vital because they foster an environment that encourages progressive learning and knowledge sharing, which are integral to the overall success of an organization.
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Bill O’Brien would like to take his wife, Mary, on a trip three years from now to Europe to celebrate their 40th anniversary. He has just received a $20,000 inheritance from an uncle and intends to invest it for the trip. Bill estimates the trip will cost $26,600. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) What interest rate, compounded annually, must Bill earn to accumulate enough to pay for the trip? (Round your interest rate to the nearest whole percentage.)
Answer:
10%
Explanation:
Use future value formula
Future Value = Present Value ((1+r)^n)
26,600 = 20,000 ((1+r)^3
26,600/20,000 = (1+r)^3
1.33 = (1+r)^3
1.33^1/3 = 1+r
1.0997 = 1+r
1.0997 - 1 = r
r = 0.997 = 9.97% = 10% (rounded of to the nearest whole percentage)
10%, interest rate, compounded annually, must Bill earn to accumulate enough to pay for the trip.
Given information:
Europe will commemorate their 40th birthday.
He recently got a $20,000 inheritance from an uncle, which he plans to use to finance the journey.
The holiday, according to Bill, will cost $26,600.
Future Value = Present Value ([tex](1+r)^n[/tex]
26,600 = 20,000 × [tex](1+r)^3[/tex]
26,600/20,000 = [tex](1+r)^3[/tex]
1.33 = [tex](1+r)^3[/tex]
[tex]1.33^{1/3}[/tex] = 1 + r
1.0997 = 1 + r
1.0997 - 1 = r
compounded annually = 9.97%
10% rounded off to the nearest whole percentage
As a result, the significance of the interest rate, compounded annually, must Bill earn to accumulate enough to pay for the trip are the aforementioned.
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Spartan Castings must implement a manufacturing process that reduces the amount of particulates emitted into the atmosphere. Two processes have been identified that provide the same level of particulate reduction. The first process is expected to incur $ 300 comma 000 of fixed cost and add $ 60 of variable cost to each casting Spartan produces. The second process has fixed costs of $ 200 comma 000 and adds $ 80 of variable cost per casting.
What is the break-even quantity beyond which the first process is more attractive?
What is the difference in total cost if the quantity produced are 10,000?
Answer:
(a) 5,000
(b) $100,000
Explanation:
(a) Break Even Point:
= Difference in Fixed Cost ÷ Difference in Variable Cost
= ($300,000 - $200,000) ÷ ($80 - $60)
= $100,000 ÷ $20
= 5,000
(b) If quantity produced are 10,000 units,
Total cost of first process:
= Fixed cost + Variable cost
= $300,000 + ($60 × 10,000)
= $300,000 + $600,000
= $900,000
Total cost of second process:
= Fixed cost + Variable cost
= $200,000 + ($80 × 10,000)
= $200,000 + $800,000
= $1,000,000
Therefore,
Difference in total cost:
= Total cost of second process - Total cost of first process
= $1,000,000 - $900,000
= $100,000
According to Duffy-Deno (2003), when the price of broadband access capacity (the amount of information one can send over an Internet connection) increases 10%, commercial customers buy about 3.8% less capacity. What is the elasticity of demand for broadband access capacity for firms? Is demand at the current price inelastic?
Answer:
-Price elasticity of demand (PED )= 0.38
-The PED is less than one, therefore the demand is price inelastic.
Explanation:
Price elasticity of demand (PED) is the degree of responsiveness of quantity demanded to a unit change in the price of the product all other things being equal. This index measures the corresponding magnitude by which quantity demand will increase, for example, if the price reduces by a given %.
Price elasticity of demand Index is interpreted as follows:
if PED greater than 1, product is elastic
if PED less that 1, product is inelastic
PED is very useful in pricing policy. For example, a product that is price elastic will accrue more revenue if the seller reduces its price and vice versa
The price elasticity of demand for a product can be computed as follows:
PED = % change in qty DD/ % change in price
So we can compute the PED for Duffy-Deno as follows:
PED = 3.8%/10%
The PED is less than one, therefore the demand is price inelastic.
The elasticity of demand for broadband access capacity for firms is -0.38. Because the absolute value is less than 1, the demand is considered inelastic.
Explanation:Elasticity of demand is calculated as the percentage change in quantity demanded divided by the percentage change in price. Here, the price of broadband access increased by 10% and the quantity demanded decreased by 3.8%. This gives an elasticity of -3.8% / 10% = -0.38. Demand is considered inelastic if the absolute value is less than 1. Hence, the demand for broadband access capacity for firms is inelastic.
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Inflation can impose significant costs and adversely distort economic systems. Identify whether costs and distorting, effects the menu costs, shoe leather costs or unit of account costs.
Inflation can lead to significant costs and distortions, manifesting as menu costs, shoe leather costs, and unit of account costs. Menu costs relate to the expense of frequently changing prices, shoe leather costs arise from the physical inconvenience of dealing with inflation, and unit of account costs refer to the difficulty in assessing value over time because of inflation.
Explanation:Inflation, indeed, can impose significant costs and create a distortion across economic systems. The costs and distorting effects can involve menu costs, shoe leather costs, and units of account costs.
Menu Costs: These are costs businesses incur due to changing their prices frequently in a high inflation environment. It includes actual printing costs, as well as indirect costs like customer confusion or irritation as prices fluctuate often.Shoe Leather Costs: This term is a metaphorical representation of the costs of managing cash in an environment of high inflation. The name represents the idea of shoes degrading faster (thus needing replacement) when one needs to go to the bank more often to withdraw money, as money loses value quickly.Unit of Account costs: With high inflation, it becomes difficult to assess the true value of goods and services over time, as the currency used to measure these values is continuously losing its worth. This results in decreased effectiveness of the monetary unit as a stable measure of value.Learn more about Costs and Effects of Inflation here:https://brainly.com/question/32565632
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The information below should be used to prepare (in proper form in Excel) a Public Transportation column for the proprietary fund Statement of Revenues, Expenses, and Changes in Fund Net Position for the fiscal year ending May 31, 2018.
Operating Revenue (Services) $25,705,000
Interest Revenue $36,000
Intergovernmental Revenue $140,000
Capital Contributions $1,200,000
Operating Expenses:
Employee Wages $8,654,000
Temporary Labor $750,000
Repairs and Maintenance $6,425,000
Depreciation $4,532,000
Utilities $948,000
Interest Expense $475,000
Transfer to General Fund $315,000
Net position, June 1, 2017 $3,820,000
Please also answer the following questions in MS Word:
What observations can you make about the fund’s activity from June 1, 2017-May 31, 2018?
Identify the other proprietary fund statements and what measurement focus and basis for accounting are used in those statements.
What reports and schedules are included in the CAFR as required supplementary information?
Answer:
find attached excel file as well as the word document
Explanation:
The computations are on excel while the theory answers are on word document as required by the question
Answer:
Explanation:
Kindly find attached the solution.