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.
Learn more about Labor Productivity here:https://brainly.com/question/34439599
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Some time ago, the nation of Republica opened up its paper market to international trade. Which of the following results of this policy change is consistent with the notion that Republica has a comparative advantage over other countries in producing paper?A. The domestic demand curve for paper shifted to the right as a result of the policy change.B. The price of paper in Republica decreased as a result of the policy change.C. Republica began exporting paper as a result of the policy change.
Answer:
C. Republica began exporting paper as a result of the policy change.
Explanation:
The policy change would results in the exportation of paper and this is because the opportunity cost is much lower in production of paper in comparison to other countries, stating that supply > demand in domestic market.
16. Which of the following is among the factors that influence process selection? A. Capital requirements B. Labor C. Technology D. All of the above
Answer:
D. All of the above
Explanation:
Although estimates vary, it is suggested that 80% or more of the job openings that exist are in the hidden job market. What is the difference between the published job market and the hidden job market?
Answer:
The difference between the published job market and the hidden job market is that the published job markets are the ones that are advertized in magazines, newspapers and web sites whereas, the hidden job market are the ones that are sourced internally in an organisation.
Explanation:
The published job market refers to publicly advertised job opportunities, while the hidden job market comprises positions filled through internal hires, referrals, or networking, which are not advertised. Up to 80% of jobs are believed to be part of the hidden job market, with variations by industry and job level. Accessing the hidden job market requires networking and creative job-seeking strategies.
The difference between the published job market and the hidden job market is that the published job market consists of job opportunities that are advertised publicly and are accessible to anyone with the right qualifications to apply. These can be found on company websites, job boards, newspapers, or job fairs. In contrast, the hidden job market includes employment opportunities not publicly advertised or posted, often filled through internal hires, referrals, or networking.
It is suggested that a significant majority of job openings, possibly up to 80%, are part of the hidden job market. Industries and job levels play a role in determining how prevalent the hidden job market is, with higher-level or specialized positions in certain sectors, such as IT, being more likely to be filled without a public job posting.
To tap into the hidden job market, job seekers need to employ strategies beyond submitting a resume and cover letter. Networking is crucial, integrating use of social media, conducting informational interviews, and attending professional events. Leveraging contacts such as friends, family, faculty, and former employers, collectively known as the Four F's, can be particularly effective.
Compute the Cost of Goods Manufactured and Cost of Goods Sold for South Marine Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only direct materials.
Answer:
The question is missing the figures required to compute of goods manufactured and costs of goods sold
I have the details missing in the excel file attached.
Costs of goods manufactured=$232000
Costs of goods sold=$224,000
Explanation:
Find the detailed calculations in the attached.
Waterway Corporation purchased a new machine for its assembly process on August 1, 2020. The cost of this machine was $162,900. The company estimated that the machine would have a salvage value of $18,900 at the end of its service life. Its life is estimated at 5 years, and its working hours are estimated at 20,000 hours. Year-end is December 31.
Compute the depreciation expense under the following methods. Each of the following should be considered unrelated. (Round depreciation rate per hour to 2 decimal places, e.g. 5.35 for computational purposes. Round your answers to O decimal places, e.g. 45,892.)
(a) Straight-line depreciation for 2020
(b) Activity method for 2020, assuming that machine usage was 780 hours
(c) Sum-of-the-years'-digits for 2021
(d) Double-declining-balance for 2021
Answer:
(a) Straight Line Depreciation for 2020 $ 28,800
(b) Activity Method of Depreciation for 2020 $ 5,616
(c) Sum of the years Depreciation for 2021 $ 38,400
(d) Double declining balance depreciation for 2021 $ 39,096
Explanation:
Computation for requirement (a) - Straight Line Depreciation for 2020
Straight line method considers depreciation on adepreciable base after considering a salvage value and spreads it evenly over the life of the asset.
Cost of machine $ 162,900
Estimated Salvage Value $ 18.900
Depreciable Basis $ 144,000
Estimated Life 5 years
Straight Line Depreciation for 2020 = $ 144,000/5 = $ 28,800
Computation for requirement (b) - Activity Method Depreciation for 2020
Activity method depreciation considers depreciation over the estimated usage of the asset and multiplies by the usage in a given period. The depreciable basis is after considering the salvage value.
Depreciable basis - same as SL depreciation $ 144,000
Usage Life of the machine 20,000 hours
Machine usage for 2020 780 hours
Depreciation on a per hour basis $ 144,000/ 20,000 = $ 7.2 per hour
Depreciation for 2020 on a usage of 780 hours = 780 * $7.20 = $ 5,616
Computation for requirement (c) - Sum of the years digits for 2021
In a sum of the years depreciation method, the sum of the life of the assets are added and considered as a depreciable life. The salvage value is considered in determining the depreciable basis.
Depreciable basis - same as SL depreciation $ 144,000
Estimated life of the asset 5 years
Sum of the years, (5+4+3+2+1) 15
so the first year depreciation shall be 5/15, the next year 4/15 and so on,
We need to compute the depreciation for 2021 which is the second year, so the formula shall be:
4/15 (remaining useful life) * $ 144,000(depreciable basis) = $ 38,400
Computation for requirement (d) - Double declining balance for 2021
In a double declining balance method the depreciation rate (%) is double that of a straight line method. The subsequent years depreciation is on a reduced balance. No salvage value is considered
The first year's depreciation is calculated
Cost of Machine* (2 * Straight Line depreciation %)
$ 162,900* (2 * 20 %) so the depreciation for 2020 would be
$ 162,900 * 40 % = $ 65,160.
For 2021, which is the requirement in our question, the cost would be the reduced value.
Original Cost of the machine $ 162,900
Double Declining balance Depreciation 2020 $ 65,160
Declining Cost basis for 2021 depreciation $ 97,740
Depreciation @ 40 % $ 39,096
Final answer:
The depreciation expense for Waterway Corporation's new machine is calculated differently according to each method: straight-line gives $12,000 for 2020, activity method gives $5,616 for 2020, sum-of-the-years'-digits gives $38,400 for 2021, and double-declining-balance gives $60,360 for 2021.
Explanation:
The calculation of depreciation expense for Waterway Corporation's new machine involves different methodologies. For straight-line depreciation for 2020, we subtract the salvage value from the cost of the machine and divide by the useful life. As the machine was purchased on August 1, 2020, and the year-end is December 31, we calculate depreciation for five months of use. The activity method is based on actual machine usage, here it is calculated by dividing the total depreciable cost by estimated working hours and multiplying by actual hours used. For the sum-of-the-years'-digits method for 2021, we use the useful life of the machine and its respective year as fractions of the sum of the years' digits and apply this to the depreciable cost. The double-declining-balance method for 2021 involves doubling the straight-line depreciation rate and applying it to the book value at the beginning of the year.
Straight-line depreciation for 2020The question "Should bank withdrawals be conducted by tellers or ATMs?" is an example of which fundamental economic question?
Answer:
The how to produce question
Explanation:
When making a choice of how to produce goods and services, there are two considerations. Will method of production be labor based or capital intensive?
For labor based production it makes use of more labor and less capital of machinery. This is exemplified by the teller making payments.
Capital intensive means of production uses more of capital means or machinery, for example where ATM machines are used to pay money.
What is the present value of a $360 payment in one year when the discount rate is 6 percent? (Round your answer to 2 decimal places.)
Answer:
$339.62
Explanation:
Find the attached for the explanation
3. Working with Numbers and Graphs Q3 Suppose that a small business sells 975 units of goods per month at $30 per unit. The unit cost of producing 975 units of goods is $15. The business has implicit costs of $3,400. The economic profit of this business equals $_________.
Answer:
economic profit = $11225
Explanation:
given data
sells = 975 units
cost = $30 per unit
cost of producing goods = $15
implicit costs = $3,400
solution
total revenue = 975 × 30 = $29250
and total cost = 975 × 15 = $14625
so here Total profit will be as
Total profit = $29250 - $14625 = $14625
so here economic profit will be
economic profit = Total profit - implicit costs
economic profit = $14625 - $3,400
economic profit = $11225
Final answer:
The economic profit of the business is calculated by subtracting both explicit and implicit costs from total revenues, which in this case, equals $11,225.
Explanation:
The economic profit for a business is calculated by subtracting both the explicit and implicit costs from the total revenues. To find the economic profit of the business, first, calculate the total revenues by multiplying the number of units sold by the selling price per unit. Then, subtract the explicit costs (the unit cost of producing the goods multiplied by the number of units) and the implicit costs from the total revenue.
Using the supplied information, here's the breakdown:
Total Revenues = 975 units × $30/unit = $29,250Explicit Costs = 975 units × $15/unit = $14,625Implicit Costs = $3,400Economic Profit = Total Revenues - Explicit Costs - Implicit CostsEconomic Profit = $29,250 - $14,625 - $3,400 = $11,225The economic profit of this business equals $11,225.
In a certain economy in 2005, households spent $1,000 on goods and services; purchases of capital equipment, inventories, and structures amounted to $350; government spent $450 on goods and services; and the value of imports exceeded the value of exports by $50. It follows that 2005 GDP for this economy was a $2,100. b $1,850. c $1,950. d $1,750.
Answer:
d $1,750
Explanation:
The computation of the GDP is shown below:
= Household expense + purchase cost of capital equipment, inventories, and structures + government spending - net exports
= $1,000 + $350 + $450 - $50
= $1,750
Since the value of imports exceeded the value of exports that means imports value is exceeded then the exports value and the net exports equal to
= Exports - imports
= -$50
Final answer:
The GDP for the given economy in 2005 is calculated by adding household spending, business investments, and government spending, then subtracting the net exports, which results in a total GDP of $1,750.
Explanation:
To calculate the gross domestic product (GDP) for an economy, you need to add up consumer spending, investments, government spending, and net exports (which is exports minus imports). The question provides the following information for the year 2005:
Household spending (Consumption): $1,000Business investments: $350Government spending: $450Net exports (exports minus imports): -$50 (since imports exceed exports)Using the formula for GDP:
GDP = Consumption + Investments + Government Spending + (Exports - Imports)
We can calculate the GDP as follows:
GDP = $1,000 + $350 + $450 - $50
GDP = $1,750
So, the correct answer is d $1,750.
Ocean House must use various metrics to measure the benefits of its human capital in order to determine the effectiveness of its HR practices If Ocean House wants to determine the amount of profit derived from its investments in labor, which of the following measures should it use?
a. Human capital return on inrestment
b. Human economic value added
c. Revenue per employee
d. HR audit Replay
Answer:
a. Human capital return on investment
Explanation:
Human capital return on investment -
It helps to determine the profit return of the company or organisation on the per unit expenditure on the employees , is referred to as the Human capital return on investment .
It is basically the interconnection between the profit of the company and the cost on the workforce .
hence , from the given scenario of the question,
The correct option is a. Human capital return on investment .
Dreamland Company produces pillows. Each pillow has a variable cost of $8 and fixed costs are $78,000 per month. Each pillow sells for $17. If the company produces and sells 65,000 pillows in February, at this level of activity, total costs per unit are:
Answer:
$9.20
Explanation:
Total cost per unit = Fixed cost per unit + average variable cost
Average fixed cost = $78,000 / 65,000 = $1.2
Total cost per unit = $1.2 + $8 = $9.20
I hope my answer helps you
The total costs per unit for selling 65,000 pillows in February would approximately be $9.20.
The student asked about total costs per unit for Dreamland Company in February if they produce and sell 65,000 pillows. To calculate the total costs per unit, we must first find the total costs by adding fixed costs to the variable costs (which are $8 per unit). The company sold 65,000 pillows, so the total variable costs are $8 multiplied by 65,000. Fixed costs are given as $78,000.
Total variable costs = $8 imes 65,000 = $520,000
Total costs = Fixed costs + Total variable costs
Total costs = $78,000 + $520,000 = $598,000
To find the total costs per unit, we divide the total costs by the number of units sold:
Total costs per unit = Total costs \/ Number of units sold
Total costs per unit = $598,000 \/ 65,000
After performing the calculation, we find that the total costs per unit are approximately $9.20.
Mike Tyson (a professional boxer) witnesses a fight between Mary (an 80 pound 7th grader) and Suzy (an 85 pound 6th grader). In an effort to break up the fight, Tyson picks up Suzy, pins her against the wall, crushing several ribs. Tyson
a. can successfully claim self defense.
b. will not win a claim self defense.
c. can successfully claim defense of others.
d. will not win a claim of defense of others.
Answer: d). Will not win a claim of defense of others.
Explanation: Defense of Another is the legal right of a person to protect a third party with reasonable force against another person who is threatening to inflict force upon the third party.
A claim of defense of others can only be considered when there is a substantial evidence that inflict of harm was threatened. In the case of Mike Tyson, he is a professional boxer of which there could never have been any fear of inflicting of harm from either a 6th or 7th grader.
The correct answer is (d) Mike Tyson would not win a claim of defense of others because his action of pinning and injuring Suzy by crushing her ribs is considered excessive and disproportionate force, which is not reasonable when defending others, especially children.
Explanation:
In this scenario, Mike Tyson, a professional boxer, intervenes in a fight between two young girls, Mary and Suzy. will not win a claim of defense of others. In legal terms, the claim of self-defense or defense of others requires the defender to use a reasonable amount of force about the threat being presented. Considering the significant difference in physical size and strength between Mike Tyson and the girls, as well as that one girl, Suzy, is pinned and sustained serious injuries, Tyson's use of force by crushing her ribs is excessively disproportional to the threat posed by the fight between the children. Thus, Tyson's actions exceed what is typically considered reasonable force to defend others, particularly when children are involved, and it is unlikely that a claim of defense of others would be successful in a court of law.
A company that develops artificial flavorings for candy manufacturers uses research to refine its market offerings. Its studies require participants to make repeated comparisons between pairs of products; in each pair, the products differ on the key attributes of flavoring strength and price. The research approach of this firm is: a. Latent class analysis. b. Conjoint analysis. c. Cluster analysis. d. Regression analysis. e. Paired comparison analysis.
Answer:
The correct answer is letter "B": Conjoint analysis.
Explanation:
In Marketing, Conjoint analysis or Conjoint Value Analysis (CVA) is a research helpful in determining how individuals value different features of the same product. The analysis aims to measure the utility that consumers perceive from each feature at different levels of the product.
Repurchasing shares near year-end will increase a firm's return on equity (ROE). Select one: True False . g
Answer:
True
Explanation:
Return on equity calculated by dividing net income with total outstanding shares. When you repurchase shares total outstanding shares are reduced by the quantity purchased. Assuming the net income is constant the Return on equity will be higher as now net income is being divided by the lesser number of shares. So this is a true statement.
Chris Suit is administrator for Lowell Hospital. She is trying to determine whether to build a large wing on the existing hospital, a small wing, or no wing at all. If the population of Lowell continues to grow, a large wing could return $150,000 to the hospital each year. If a small wing were built, it would return $100,000 to the hospital each year if the population continues to grow. If the population of Lowell remains the same, the hospital would encounter a loss of $85,000 with a large wing and a loss of $45,000 with a small wing. Unfortunately, Suit does not have any information about the future population of Lowell.
a. Assuming that each state of nature has the same likelihood, determine the best alternative? What is the EMV?
b. If the likelihood of growth is .4 and that of remaining the same is .6 and the decision criterion is expected monetary value, which decision should Suit make? What is the EMV?
c. Based on the answer in letter b, what is the EVPI?
Answer:
A: The best alternative = Build Large Wing with $32500 EMV
B: The best alternative = Build small wing with $13000 EMV
C: EVPI = $47000
Note: Solutions are provided in the pictures.
Explanation:
What is EMV? In simple words, EMV calculations let you know that how much money you will got from different decisions you have on table.Formula to calculate EMV = (Payoff of 1st state of nature) * (Probability of 1st state of nature) + (Payoff of 2nd state of nature) * (Probability of 2nd state of nature)
EVPI is calculated when you have perfect information about any outcome, it also provides the value of the perfect information i-e how much you should pay to findout the perfect information.Formula to calculate EVPI = EVwPI - Max EMV
Formula to calculate EVwPi = (Best outcome or consequence for 1st state of nature) * (Probability of 1st state of nature) + (Best outcome for 2nd state of nature) * (Probability of 2nd state of nature)A) Solution is in the attached image with (Table 1) mentioned on it.
B) Solution is in the attached image with (Table 2) mentioned on it.
C) Solution is in the attached image with (Table 3) mentioned on it.
The best alternative for Lowell Hospital is to build a large wing, as it has the highest expected monetary value (EMV). Even when considering the likelihood of growth and remaining the same, the decision remains to build a large wing. The expected value of perfect information (EVPI) is $24,000.
Explanation:The decision on whether to build a large wing, small wing, or no wing at all at Lowell Hospital depends on the future population growth of Lowell. Assuming each state of nature has the same likelihood, we can calculate the expected monetary value (EMV) for each decision. If the population continues to grow, the EMV for a large wing is $150,000 and for a small wing is $100,000. If the population remains the same, the EMV for a large wing is a loss of $85,000 and for a small wing is a loss of $45,000. Based on these calculations, the best alternative is to build a large wing, as it has the highest EMV.
If we consider the likelihood of growth being 0.4 and remaining the same being 0.6, and the decision criterion is expected monetary value, the decision would still be to build a large wing. The EMV for a large wing in this case is calculated as (0.4 * $150,000) + (0.6 * -$85,000) = $46,000. The EMV for a small wing is (0.4 * $100,000) + (0.6 * -$45,000) = $22,000. Therefore, the decision should still be to build a large wing.
The expected value of perfect information (EVPI) is the maximum EMV minus the EMV without perfect information. In this case, the maximum EMV is $46,000 (for building a large wing assuming the growth likelihood is 0.4). Without perfect information, the EMV for a large wing is $46,000 and the EMV for a small wing is $22,000. Therefore, the EVPI is $46,000 - $22,000 = $24,000.
On July 1, 2016 Harold paid $10000 for a Ten year bond with a stated interest rate of 5%, payable annually on July 1. On April 1, 2017, 274 days after purchasing the bond, Harold sold the bond to Sam for 10050. Which of the following should be reported on Harold’s return.
a. $0 of interest income and $50 of short term capitol gains
b. $125 of interest income and $50 of short term capital gain
c. $375 of interest income and $50 short term capital gain
d. $376 of interest income and $375 of short term capital loss.
Answer:
c. $375 of interest income and $50 short term capital gain
Explanation:
The question is to determine the income and the capital gains to be reported by Harold on his 10 year bond.
Capital Gains represent are gains or loss can either be generated as a result of selling your bond fund before its maturity or when the bond is held to maturity.
Furthermore, the rule specifies that to treat the capital gains on the bond as long term it must be held for at least a year.
In this question:
The bond was purchased on the 1st of July, 2016 at $10,000
The bond was sold April 1, 2017 at $10,050. Since, the bond was only held for 274 days. It will only get short term capital gain
Short term capital gain = $10,050- 10,000 = $50
Also, The interest on bond income = (10,000 x 5%) x ( 274/ 365 days)
= 500 x 0.75
=$375 Interest Income
_____ is a company's social responsibility to not violate accepted principles of right and wrong when conducting its business.
Answer:
The correct word for the blank space is: Ethical Responsibility.
Explanation:
Corporate Ethical Responsibility involves the set of good practices a firm establishes in part of its organizational culture and draws a clear separating line between what is right and wrong. This commitment is to be provided to the environment where the company operates and with the employees working in the firm.
Your company has a fixed monthly operating cost of $4173 (rent, fixed utilities, etc.) on top of the $5.13 it costs you to make each t-shirt. Write a linear equation expressing your total monthly expenditures/costs as a function of price per t-shirt. Again, please be explicit about what your chosen variables represent
Answer:
Y = $4,173 + ($5.13)X
Explanation:
A fixed monthly operating cost of $4,173 is a monthly cost that will not change no matter the number or unit of t-shirt produced, while $5.13 is the variable costs of making each t-shirt. This can be presented in a linear equation as follows:
Y = a + bX .............................. (1)
Where,
Y = Total monthly cost of producing shirts
a = fixed cost = $4,173
b = variable cost of each shirt = $5.13
X = number of shirts produced
Using the values already given, equation (1) can be rewritten as follows:
Y = $4,173 + ($5.13)X .............................. (2)
Equation (2) is the required linear equation.
The use of a differentiation strategy would be expected to be LEAST effective in which of the following markets? a. Commodity goods b. Sporting goods c. Popular music d. Restaurants
Answer:
The correct answer is letter "A": Commodity goods.
Explanation:
A differentiation strategy is an approach adopted by companies to make the goods or services they offered unique compared to their competitors. Most firms tend to use price as the main key to the difference between their products and the competitors'.
Thus, the differentiation strategy is less likely to be applied in commodity goods because they are inherently unique such as oil, natural gas, precious metals or foreign currencies.
The use of a differentiation strategy would be expected to be least effective in commodity goods.
Differentiation strategy means an adopted approach which make offered goods or services more unique compared to their competitors.
Most firms use the Differentiation strategy to the differentiate between their products and the competitors.Differentiation strategy are less likely to be applied in commodity goods because they are inherently unique such as oil, natural gas, precious metals or foreign currencies.Hence, the Option A is correct since the use of a differentiation strategy would be expected to be least effective in commodity goods.
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Danny works for a home electronics store and is a member of a team created to increase communication among various departments. Danny has networked with new people and now has strong contacts for each department when he needs them. Danny is a member of a ________ team
Answer:
Cross functional team
Explanation:
Cross-functional team - it is refer to that team that consist of people from different department and works for a common minimum program. The reason behind forming the Cross-functional team is to divide the work into the team and reduce the chances of politics that prevail within the department.
cross-functional teams help to synergies the environment that is comprised of different skills and experience and ultimately lead to creative outputs.
Must such discrimination have been committed by the employer or can the discrimination have been committed by society in general?
Answer: add me on brainly @itsamulaa
Explanation:
Chocolate and More offers a bond with a coupon rate of 6 percent, semiannual payments, and a yield to maturity of 7.73 percent. The bonds mature in 9 years. What is the market price of a $1,000 face value bond?
Answer:
$889.29
Explanation:
We have to use the PV formula that is shown in the attachment.
Given that,
Future value = $1,000
Rate of interest = 7.73% ÷ 2 = 3.865%
NPER = 9 years × 2 = 18 years
PMT = ($1,000 × 6%) ÷ 2 = $30
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the market price of a bond is $889.29
Since in semi annual basis, the interest rate is half and the time period is doubled. The same is applied
On June 30, 2015, Adilide Inc. discarded equipment costing $40,000. Accumulated Depreciation as of December 31, 2014, was $25,000. Assume annual depreciation on the equipment is $2,500.
Journalize the partial year depreciation expense and disposal of the equipment.
Answer:
1. Journalize the partial year depreciation expense:
Debit Depreciation expense $1,250
Credit Accumulated depreciation account $1,250
2. The entry recording disposal of the equipment:
Debit Accumulated depreciation account $26,250
Debit Loss on asset disposal $13,750
Credit Equipment asset $40,000
Explanation:
Annual depreciation on the equipment is $2,500
Depreciation expense for 2015 = $2,500/2 = $1,250
The entry:
Debit Depreciation expense $1,250
Credit Accumulated depreciation account $1,250
On June 30, 2015, Accumulated Depreciation = $25,000 + $1,250 = $26,250
The Book value of the asset = $40,000 - $26,250 = $13,750
The entry recording disposal of the equipment:
Debit Accumulated depreciation account $26,250
Debit Loss on asset disposal $13,750
Credit Equipment asset $40,000
The project indirect costs associated with a project include overhead, facilities, and resource opportunity costs. Group of answer choices True False
Answer:
True.
Explanation:
Indirect cost are cost incurred in the production process that cannot be traced directly back to the product, but contributes to the production process in general. For example the salary of wages is not a cost that is directly included in the product itself, but workers are needed to perform tasks and operate the machines that produce the product.
Direct cost are traceable directly to the product and include raw material.
So overhead, facilities and resource opportunity cost are all indirect cost in producing the product.
Alex Meir recently won a lottery and has the option of receiving one of the following three prizes: (1) $64,000 cash immediately, (2) $20,000 cash immediately and a six-period annuity of $8,000 beginning one year from today, or (3) a six-period annuity of $13,000 beginning one year from today. (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.) 1. Assuming an interest rate of 6%, determine the present value for the above options. Which option should Alex choose? 2. The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030. Weimer will make annual deposits of $100,000 into a special bank account at the end of each of 10 years beginning December 31, 2021. Assuming that the bank account pays 7% interest compounded annually, what will be the fund balance after the last payment is made on December 31, 2030?
Answer:
The best would be the first option of a single payment of 64,000
As the discounted value of the other option is lower
FV of the apayment $1,318,079.4942
Explanation:
(1) PV 64,000
(2) 20,000 + PV of the annuity:
[tex]C \times \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]
C 8,000.00
time 6
rate 0.06
[tex]8000 \times \frac{1-(1+0.06)^{-6} }{0.06} = PV\\[/tex]
PV $39,338.59
39,338.59 + 20,000 = 59,338.59
(3) PV of the annuity
[tex]C \times \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]
C 13,000.00
time 6
rate 0.06
[tex]13000 \times \frac{1-(1+0.06)^{-6} }{0.06} = PV\\[/tex]
PV $63,925.2162
second question:
future value of annuity
[tex]C \times \frac{(1+r)^{time} -1}{rate} = FV\\[/tex]
C 100,000.00
time 10
rate 0.06
[tex]100000 \times \frac{(1+0.06)^{10} -1}{0.06} = FV\\[/tex]
PV $1,318,079.4942
Alex should choose the lottery prize option that has the highest present value using the PVA formula. For Weimer Corporation, the total fund balance on the end date can be calculated with the FVA formula.
Explanation:Given the interest rate of 6%, we first need to calculate the present values of the three options provided to Alex. The first option's present value is simply $64,000 as it's an immediate payment. Whereas for other options, we use the present value annuity formula, for the second option it will be $20,000 + $8000*PVA(6%, 6 years) and for the third option it is just $13000*PVA(6%, 6 years). Alex should chose the option that provides him the maximum present value.
Now for the Weimer Corporation's situation, we have an annuity where funds are being deposited at the end of each year and is earning an interest rate of 7%. So to calculate the total on the balance on last payment, we use the Future Value Annuity formula which is $100,000*FVA(7%,10). This gives us the total amount available on December 31, 2030.
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The Nobel Prize-winning economist Paul Samuelson argued that contrary to the standard interpretation, in certain circumstances the theory of comparative advantage predicts that a rich country might actually be worse off by switching to a free trade regime with a poor nation.
a. True.
b. False.
Answer:
True
Explanation:
Paul Samuelson was an economist and he was the first American to win the Nobel Prize in Economic science. The journey into coming up with comparative advantage started when Stanislaw Ulam challenged him to name a proposition of social science is true and at the same time non-trivial and this led to the Paul's developing comparative advantage years later.
Paul Samuelson however, also argued that while the standard interpretation says a country is better off when it is rich in trading with a poor nation, it is also true that there are circumstances that might leave a rich country worse off when it switches to a free trade rich with a poor nation.
Malaya Ramirez is organizing marketing research in Central American countries for a large American corporation that is interested in expanding its market. The survey Malaya is using was written in English and then translated into Spanish for use by Spanish-speaking respondents. Which of the following is it most important for Malaya do before administering this questionnaire to a sample of the market?
A) make sure that the survey includes both open-ended and closed-ended questions
B) decide whether to focus on primary or secondary data
C) determine which type of research instrument to use
D) have the questionnaire translated back into English to check for accuracy
E) determine whether to focus on descriptive or causal objectives
Answer:
The correct answer is letter "D": have the questionnaire translated back into English to check for accuracy.
Explanation:
Translating is the activity by which the message given in a language is provided written in a different language. However, all languages are not the same and during the translation, meaning can be lost. Besides, specific terminology could make the translation difficult for the translator.
Thus, for accuracy purposes Malaya Ramirez should have the English-Spanish translation checked, making it be translated back into English.
The questionnaire was translated back into English to check for accuracy. Thus option D is correct.
What is the marketing research ?Marketing research is the systematic gathering, recording, and analysis of the information that is qualitative and quantitative related to the marketing of products and services. It is the marketing of the business activities.
The research includes the B2B and B2C. The main objective is to provide relevant and accurate reliable information. The research relies on surveys and questionnaires as tools of gathering information.
Find out more information about the Malaya Ramirez.
brainly.com/question/2889076.
Consider two neighboring island countries called Felicidad and Arcadia. They each have 4 million labor hours available per week that they can use to produce jeans, rye, or a combination of both. The following table shows the amount of jeans or rye that can be produced using 1 hour of labor.
Jeans Rye
Country (Pairs per hour of labor) (Bushels per hour of labor)
Felicidad 5 20
Arcadia 8 16
Initially, suppose Arcadia uses 1 million hours of labor per week to produce jeans and 3 million hours per week to produce rye while Felicidad uses 3 million hours of labor per week to produce jeans and 1 million hours per week to produce rye. Consequently, Felicidad produces 15 million pairs of jeans and 20 million bushels of rye, and Arcadia produces 8 million pairs of jeans and 48 million bushels of rye. Assume there are no other countries willing to trade goods, so, in the absence of trade between these two countries, each country consumes the amount of jeans and rye it produces.
1. Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. In this case, the country that produces jeans will produce _____ million pairs per week, and the country that produces rye will produce ____ million bushels per week.
Answer:
Felicidad 80 million Jean
Arcadie 32 million Rye
Explanation:
To know which is the best in Rye production we haveto pick the one with the least opportunity cost (the country which producing Rye decreases less the production of Jeans)
Felicidad Rye opportunity cost 20/5 = 4 Jeans
Arcadia Rye opportunity cost 16/8 = 2 jeas
Arcadie will be the country with comparative advantage for Rye as it renounce to less units of Jeans than Felicidad
The best country for jean production will be Felicidad
4m x 20 = 80m jean
The best country for Rye will be Arcadia
4m x 8 = 32m Rye
If Felicidad and Arcadia specialize in goods where they have a comparative advantage, Felicidad would produce 80 million bushels of rye and Arcadia would produce 32 million pairs of jeans per week.
Explanation:When each country specializes in the production of the good in which it has a comparative advantage, they maximize their efficiency and total output. Looking at the production rates of Felicidad and Arcadia, Felicidad has a comparative advantage in producing rye because they can produce more bushels of rye per hour of labor (20 bushels) compared to jeans (5 pairs). On the other hand, Arcadia has a comparative advantage in producing jeans with 8 pairs per hour compared to rye (16 bushels).
If Felicidad specializes in rye using all 4 million labor hours, they would produce 80 million bushels of rye per week (4 million hours × 20 bushels/hour). If Arcadia specializes in jeans with its 4 million labor hours, they would produce 32 million pairs of jeans per week (4 million hours × 8 pairs/hour). So, the country that produces jeans will produce 32 million pairs per week and the country that produces rye will produce 80 million bushels per week.
According to the law of demandLOADING..., there is an inverse relationship between price and quantity demanded. That is, the demand curve for goods and services slopes downward. Why? A. When price increases, demand decreases. B. When the price of a good increases, consumers' purchasing power decreases, and they cannot buy as much of the good as they did prior to the price change. C. When the price of a good increases, consumers purchase complementary goods that are now relatively less expensive. D. When the price of a good increases, consumers' purchasing power increases, and they can buy more of the good than they did prior to the price change.
Answer:
Option (B) is correct.
Explanation:
We know that there is an inverse relationship between the price of the good and the quantity demanded. If there is any change in the price of the good then as a result this will also change the purchasing power of the consumer and then the consumers reallocate their income.
If there is an increase in the price of the product then as a result this will reduce the purchasing power of the consumer.
For example;
Consumer income = $1,000
Purchases 20 units of good X and 30 units of good Y with his given money income.
Now, if there is an increase in the price of good X, then
Consumer purchases 15 units of good X and 30 units of good Y with the same level of money income.
This indicates that amount of goods purchased is reduced because of the increase in the price of one of the good.
Carly could best show the interviewer that she possesses the psychological dimension of the global mindset by discussing: How fluent she is in German and how knowledgeable she is about German literature, film, and music How she was able to build strong, mutually trusting relationships with colleagues at manufacturing facilities in the Ruhr in Germany How much she enjoyed improving her conversational German by living with a host family for one semester in college?
Answer:
How much she enjoyed improving her conversational German by living with a host family for one semester in college.
Explanation:
Global mindset can be defined as a set of attributes and qualities that a manager has that will be relevant to influence individuals, organizations and groups in other locations in the world.
There are three main dimensions of the global mindset:
Psychological, Social and Intellectual.In the case of the above question, Carly wants to show the interviewer that she has the psychological dimension of the global mindset, so the most suitable example is the option "How much she enjoyed improving her conversational German by living with a host family for one semester in college".
Because the psychological dimension corresponds to individual emotional expression, according to a constructive attitude towards diversity and their willingness to be and really get involved in the global environment.
Final answer:
To demonstrate the psychological dimension of the global mindset in an interview, Carly can discuss building strong relationships with German colleagues and the experience of improving her conversational German skills.
Explanation:
The psychological dimension of the global mindset encompasses a pervasive feeling of confidence in handling challenges presented by internal and external environments (pg. 19). To demonstrate this in an interview, discussing how she built strong, trusting relationships with colleagues at manufacturing facilities in Germany showcases the ability to navigate cultural differences and build connections effectively. Additionally, highlighting the experience of living with a host family to improve conversational German skills indicates adaptability and willingness to engage with different cultures.