Suppose a new process was developed that could be used to make oil out of seawater. The equipment required is quite expensive, but it would in time lead to low prices for gasoline, electricity, and other types of energy. What effect would this have on interest rates? Why?

Answer:

The beginning raw materials inventory balance was $3,300.

Explanation:

Ending balance of Raw Material Inventory = Opening balance of raw material inventory + Purchases for the period - Material requisitions

$24,300 = Opening balance of raw material inventory + $60,000 - $39,000

$24,300 = Opening balance of raw material inventory + $21,000

Opening balance of raw material inventory = $24,300 - $21,000

Opening balance of raw material inventory = $3,300

The beginning raw materials inventory balance was $3,300.

Final answer:

The employer of Mandy Ewing is said to be in violation of the Fair Labor Standards Act (FLSA) for not paying the federal minimum wage. The FLSA established the federal minimum wage and regularly adjusts it to maintain a minimum standard of living for workers.

Explanation:

Mandy Ewing's friend mentioned that her employer was in violation of the Fair Labor Standards Act (FLSA) because she was not being paid the minimum wage. The FLSA is federal legislation that sets the federal minimum wage as well as standards for overtime pay, record keeping, and youth employment in the private sector and government. It was established to ensure a minimum standard of living for employees who are covered by the act. Employers that do not comply with the FLSA may face penalties, and Mandy might have a right to receive back pay.

This act is the reason why employers across states from Wisconsin to Pennsylvania may offer the same hourly minimum wage. The current federal minimum wage, which was first set in 1938, has been adjusted periodically to reflect changes in the cost of living and inflation. While many states have minimum wage laws that can be higher than the federal standard, employers must at least meet the federal minimum wage as outlined by the FLSA.

Answer:

Your father's assumption is incorrect, due to the purchasing power parity (PPP). The PPP accounts for the differences in living costs between nations that have different GDPs per capita. For example, very poor nations tend to be cheaper than very rich nations, so the PPP adjusts the GDP per capita to the actual cost of the expenses in different countries. The US is used as a base, and most countries's currencies have a lower PPP, i.e. $1 dollar in a poor country buys more goods than $1 in the US. But some countries have a higher PPP than the US, e.g. Switzerland, Germany, Australia.

GDP per capita is a measure that calculates the average economic output per person in a country. The troubled Caribbean nation has a GDP per capita of $430, while the United States has a GDP per capita of approximately $43,000. However, GDP per capita is not the only indicator of a country's well-being or standard of living.

GDP per capita is a measure that calculates the average economic output per person in a country. In this case, the troubled Caribbean nation has a GDP per capita of $430, while the United States has a GDP per capita of approximately $43,000. This means that, on average, each person in the United States produces and consumes about 100 times more than someone in the troubled Caribbean nation.

It is important to note that GDP per capita is not the only indicator of a country's well-being or standard of living. There are many factors that contribute to the overall development and quality of life in a country, including education, healthcare, infrastructure, and inequality.

Therefore, while GDP per capita can provide some insights into the economic conditions of a country, it is not the sole measure of material well-being or progress.

The email contains several areas where improvements can be made in grammar and sentence structure, including incomplete sentences, subject-verb agreement errors, apostrophe misuse, and informal language. Recommendations for improvement include revising incomplete sentences, ensuring subject-verb agreement, using apostrophes correctly, and replacing informal language with formal language.

In the email, there are several areas where improvements can be made in grammar and sentence estructur:

Recommendations for improvement:

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Answer:

Extended decision making

Explanation:

Extended decision making is the decision making which involve the very high level of the purchase, an internal as well as extensive information search which is followed by the complex computation of the alternatives available and thorough evaluation is taken place when the purchase will take place.

So, for most of the people, when the decision of purchase is to be made like for the Ford automobile, the people will choose the extended decision making as it is expensive, infrequently purchased products.

Answer:

The expected return from a portfolio consisting of 25% of stock A and 75% of stock B is 18.5%

Explanation:

Return on portfolio=Return of security A *Weight of security A+Return of security B *Weight of security B  

Return of security A=14%

Return of security B=20%

Weight of security A=25%

Weight of security B=75%

Return on portfolio  =  14 % ∗  25 /100  +  20%  ∗  75 /100

Return on portfolio  =  18.5 %

Answer:

$25,343,040.52

Explanation:

For this question, we have to compute the present value that is shown on the attached spreadsheet.

Given that,  

Future value = $0

Rate of interest = 6.5%

NPER = 12

PMT = $35,000,000 ÷ 12 = $2,916,666.67

The formula is shown below:

= PV(Rate;NPER;-PMT;FV;type)

So, after solving this, the answer would be $25,343,040.52

The present value of the lottery jackpot will be 310,155,700 . To calculate the present value of a series of future payments, you can use the present value formula. In this case, you have twelve equal annual payments of $35,000,000 each.

The present value formula for an annuity is:

[tex]PV = PMT \cdot \left(1 - \frac{1}{(1 + r)^n}\right) / r[/tex]

Where:

PV = Present Value

PMT = Payment amount per period

r = Interest rate per period

n = Number of periods

In your case:

PMT = $35,000,000 (annual payment)

n = 12 (12 equal annual payments)

r = The discount rate you want to use (interest rate)

If we assume an annual discount rate (interest rate) of, for example, 5%, the present value calculation would look like this:

[tex]PV = $35,000,000 \times \left(1 - \frac{1}{(1 + 0.05)^{12}}\right) / 0.05[/tex]

[tex]PV \approx 0.05 \cdot 15,507,785 \approx 310,155,700[/tex]

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Answer:

refers to the quantity of goods and services each unit of labor can produce

Explanation:

Productivity measures the efficiency of production. It calculates how much input is needed to produce output.

Productivity is high if each unit of labour produces more quantity of goods and services. Productivity is low if each unit of labour produces less quantity of goods and services.

I hope my answer helps you

Answer:

a.

Debit Accounts Receivable $1,500

Credit Sales $1,500

b.

Debit Cash $1,500

Credit Accounts Receivable $1,500

Explanation:

On June 7, Pixer Co. sells $1500 of merchandise to Jasmine Co. on account.

Pixer's books records the sale by the entry:

Debit Accounts Receivable $1,500

Credit Sales $1,500

On June 21, Jasmine Co. pays for this merchandise. Pixer's books records the receipt of payment by the entry:

Debit Cash $1,500

Credit Accounts Receivable $1,500

Final answer:

On June 7, Pixer Co. makes a credit sale of $1500, recorded as an increase in Accounts Receivable and Sales Revenue. Upon receipt of payment on June 21, they debit Cash and credit Accounts Receivable for $1500.

Explanation:

Accounting Entries for Pixer Co.

For the scenario provided where Pixer Co. sells merchandise to Jasmine Co.:

a. Entry to Record the Sale on Pixer's Books

June 7: When Pixer Co. sells $1500 of merchandise on account, the entry is:

This entry indicates that Pixer Co. has made a credit sale, increasing its Accounts Receivable and recognizing the Sales Revenue at the same time.

b. Entry to Record the Receipt of Payment

June 21: When Jasmine Co. pays for the merchandise, the entry is:

This entry shows that Pixer Co. has received cash, which increases its Cash account, and decreases the Accounts Receivable since the customer's debt has been paid.

Answer:

correct option is a. common costs

Explanation:

solution

As common costs are  those associated with operating a facility shared by the two departments

and here One facility located in Iowa  and corn from the facility will be more further process into the corn for popping and the cornmeal

so as given cost at given costs at Iowa plant is common costs

so correct option is a. common costs

Answer:

Price elasticity of demand using midpoint method is -1.1282

Explanation:

Formula of price elasticity of demand using midpoint method is as follows:

Price elasticity of demand = (Change in Demand / Average of demands) / (Change in Price / Average of Prices)

Price elasticity of demand = ( 12,500 - 7,000 ) / [( 12500 + 7000 ) /2 ] / ( 3 - 5 )/[( 3 + 5 ) /2]

Price elasticity of demand = (5500 / 9750) / ( -2 / 4)

Price elasticity of demand = 0.5641 / -0.5

Price elasticity of demand = -1.1282

The price elasticity of demand for fidget spinners is approximately 1.1282 using the midpoint method.

The price elasticity of demand measures how responsive the quantity demanded of a good is to changes in its price. To calculate the price elasticity of demand using the midpoint method, we use the formula:

Price Elasticity of Demand = [% Change in Quantity Demanded] / [% Change in Price]

In this case, the initial price is $5 and the final price is $3. The initial quantity demanded is 7,000 and the final quantity demanded is 12,500. Applying the formula, we can calculate the price elasticity of demand as:

Price Elasticity of Demand = [(12,500 - 7,000) / ((12,500 + 7,000) / 2)] / [(3 - 5) / ((3 + 5) / 2)]

Price Elasticity of Demand = [(5,500 / 9,750) / (-2 / 4)]

Price Elasticity of Demand = (-0.5641) / (-0.5)

Price Elasticity of Demand ≈ 1.1282

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Answer:

Instructions are listed below.

Explanation:

Giving the following information:

July 1, 20X1:

Material $5 per unit

Labor $3 per unit

Overhead $1 per unit

Total cost= $9

Beginning inventory= 3,200 units.

December 1, 20X1:

Bradley Corporation produced 12,400 units.

These units had a material cost of $4, labor of $6, and overhead of $4 per unit.

Total cost= $14

A) Units sold= 16,800 units

Selling price= $13

The total inventory is= 3,200+12,400= 15,600

We will assume that production levels with sales.

Sales= 16,800*13= $218,400

Cost of goods sold= (3,200*9 + 13,600*14)= (219,200)

Gross profit= (800)

B) We will assume the ending inventory is 300 units:

Inventory= 300*14= $4,200

Answer: The correct answer is PROJECT APPROACH

Explanation:

The Project Approach is a section in the Project Charter that describes in words the thinking that goes into the creation of the project schedule. It describes how the objectives of the project intend to be met, enlists important assumptions, and often gives references to related documents.

Answer:

Project Approach

Explanation:

Project Approach Section

A project charter should also include a Project Approach section, which gives anl overview of how and when the project will be completed. There are eight key standard components that normally comprise this section.

Project Deliverables: The major deliverables of the project and include when these goals should be achieved.

Responsibilities and Roles: A summary of all parties that will be involved in the project and what their roles will be.

Project Resources: Not only the human component,but what other resources will be needed for satisfactory completion of the project?

Risk Management Overview: A summary of the risks that may be met during the project as well as how these risks may be minimized.

Project Process Summary: The organization’s project management methodologies that will be employed for this project.

Project Life Cycle Overview: A basic breakdown of the project life cycle, and the various stages that your project will go through.

Basic Project Control and Communication Plan: The project control component explains the tools that will be used to assist the project manager in tracking the project’s progress.

Project Schedule: A basic schedule overview that lists, among other things, the key milestones and stages of the project.

Answer:

Option (b) is correct.

Explanation:

Economic profit is the difference between total revenue and total costs. Total costs includes both implicit costs as well as explicit costs. Implicit costs refers to the opportunity cost that are associated with the choice of alternatives.

Accounting profits includes only explicit costs. Explicit costs are the costs which are incurred for operating a business.

The true statement is that economic profits include implicit costs. This differentiates economic profits from accounting profits, which do not include opportunity costs. Furthermore, sunk costs, which are costs that have already been incurred and cannot be recovered, are generally not considered by economists in decision making. The correct statement b.

The statement b. Economic profits include implicit costs is the correct one. Economic profits are a measure of the profitability of a venture after accounting for both explicit and implicit costs. Explicit costs are direct monetary expenses for resources needed for production.

Implicit costs, on the other hand, are the opportunity costs of using resources already owned by the firm. They could be what the resources could be earning in their next best employment. This differentiates economic profits from accounting profits which only take into account explicit costs leaving out the opportunity costs (implicit costs).

Economists do not generally factor in sunk costs in decision making because they are costs that have already been incurred and cannot be recovered, hence they do not influence future business decisions. The correct statement b.

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Answer:

Assets   =   Liabilities   +   Equity

1) services on account

+35,000 (A/R)              + 35,000 Service revenue

2) collection of 27,000

-27,000 (A/R)

+27,000 (cash)

net effect of zero

3) acquisition of equipment through promissory note

+20,000 (equipment +20,000(note payable)

4) -3,500(cash)                    - 3,500 utlities expense

Explanation:

Asset will be affected when cash, equivalent of cash, or right or property than can be used to produce cashflow is acquired or used

Liabilities is affected whe nwe take debt like in #3

Equity when the company generated revenue or expenses.

It will also be affected when investment fro mowners are made.

Answer:

The firm turnover: is 8.1

while the weeks of supply are 6.19

Explanation:

[tex]\frac{COGS}{Average Inventory} = $Inventory Turnover[/tex]

​where:

[tex]$$Average Inventory=(Beginning Inventory + Ending Inventory)/2[/tex]

37,000 + 42,500 = 79,500 / 2 = 39,750

Inventory TO 322,000 / 39,750 = 8,100

cost of good sold: 322,000 / 52 = 6,192 inventory sold per week

inventory at hand 42,500

42,500 / 6,192 = 6,86

To calculate the inventory turnover ratio, the average inventory and COGS is used, and for weeks of supply, the ITR is converted using the number of weeks in a year.

To compute the inventory turnover ratio (ITR), we must first determine the cost of goods sold (COGS) and the average inventory for the period. The value of starting inventory plus the value of ending inventory, divided by 2, gives us the average inventory. In this scenario, the average inventory is calculated as the sum of the value of production materials on hand, the value of work-in-process inventory, and the value of finished goods on hand, all divided by 2. The ITR is then found by dividing the COGS by the average inventory.

For the weeks of supply (WS), we convert the ITR into how many weeks' worth of inventory is present on average by dividing the number of weeks in a year, which is 52, by the ITR.

Answer:

increase of 196.70 dollars

Explanation:

While the depreciation expense will not generate a cash outflow or inflow, the expense will impact the net income which determinates the incoem tax payable.

This change in the net income and therefore, the income tax will also change the cahsflow:

depreciation ( 1 - t ) = tax-shield

562 x 35% = 196.70

The increase in depreciation provides a 196.70 dollars tax shield which increases the cash flow generate for the year.

Answer:

A. 195 hamburgers

B. Yes

Explanation:

The computation is shown below:

A. Productivity measure = (Annual output) ÷ (Annual labor cost + annual equipment cost)

where,

Annual output = 60,000 × 52 weeks = $3,120,000

Annual labor cost = $13,500

Annual equipment cost

= $10,000 ÷ 4

= $2,500

So, the productivity measure is

= ($3,120,000) ÷ ($13,500 + $2,500)

= 195 hamburgers

B. Productivity measure = (Annual output) ÷ (Annual labor cost + annual equipment cost)

where,

Annual output = 60,000 × 52 weeks = $3,120,000

Annual labor cost = $11,000

Annual equipment cost

= $13,000 ÷ 5

= $2,600

So, the productivity measure is

= ($3,120,000) ÷ ($11,000 + $2,600)

= 229 hamburgers

Since the productivity is increased from 195 hamburgers to 229 hamburgers so the equipment should be purchased.

Part A:

The productivity measure of "units of output per solar of input" averaged over the four-year period :

Formula:

Productivity measure = (Annual output) ÷ (Annual labor cost + annual equipment cost)

Productivity measure  = ($3,120,000) ÷ ($13,500 + $2,500)

Productivity measure= 195 hamburgers

The productivity measure of "units of output per solar of input" averaged over the four-year period is 195 hamburgers.

Part B:

Should it consider purchasing this equipment :

Formula :

Productivity measure = (Annual output) ÷ (Annual labor cost + annual equipment cost)

Productivity measure  = ($3,120,000) ÷ ($11,000 + $2,600)

Productivity measure = 229 hamburgers

Thus, the productivity is increased from 195 hamburgers to 229 hamburgers so the equipment should be purchased.

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Answer:

The correct answer is letter "A": Unearned Revenue.

Explanation:

Unearned Revenue is accrued payments obtained by a company or individual for products and services not yet made or delivered by the company. Other terms for unearned revenue are advanced payments or deferred revenue. According to the Generally Accepted Accounting Principles (GAAP) the revenue process must be complete before revenue becomes an asset. This requires both delivery of the service or product and received-up payment.

Unearned revenue is recorded as a liability on the Balance Sheet because it represents a debt owed to a customer.

Answer:

The answer is True

Explanation:

Answer:

A. True

Explanation:

Gas and electricity are called necessity goods. They are deemed too important to do without. They are essential to life. These categories of goods are insensitive to changes in income level.

Two primary characteristics that define perfectly competitive markets that necessity goods deviate from are:

· Demand is elastic. In perfect competition demand is inelastic i.e. Increase in price will lead to a significant change in quantity demanded. This is not so in necessity goods because these goods are essential to life. So increase in price of these categories of goods or decrease in income level of households will not have effect on the consumption of the goods.

· Bargaining Power of Supplier is high. In perfect competition, bargaining power of supplier is low i.e. suppliers have little power in influencing the price of goods but for necessity goods, reverse is the case. The bargaining power of suppliers is a little bit higher. Suppliers can influence price while consumers adjust.

Answer:

The correct answer is letter "B": you will reduce the payoff time.

Explanation:

Making larger monthly payments on a credit card balance helps the debtor to pay the loan completely earlier. By making larger payments, the remaining balance will be lowered bit by bit until the point of fully covering the principal and interest of the debt contracted.

When you make a payment larger than the minimum on your credit card bill, you will reduce the payoff time, leading to less interest accrued and quicker debt settlement. This can also improve your credit score by reducing your credit utilization. It's important to manage credit wisely to avoid excess interest costs.

When you get your credit card bill, if you make a payment larger than the minimum payment, B. you will reduce the payoff time. This is because, each time you pay more than the minimum, you reduce the principal balance owed more quickly. Consequently, with a lower balance, you accrue less interest, therefore decreasing the overall time it will take to pay off the debt completely. By making the minimum payment, you primarily cover the interest and only make a small dent in the principal, prolonging the time to clear your debt.

Making additional payments can be seen as a financially savvy move, not just for the short-term benefits but also for the long-term financial health. Reducing your credit card balance efficiently can improve your credit score, as it lowers your credit utilization ratio. A lower ratio is favorable in the eyes of lenders, as it indicates that you're not overly reliant on credit and are managing your debts responsibly.

Moreover, while managing debt, it's also crucial to be mindful of bad debt borrowing for consumption. It is recommended to avoid financing non-essential purchases with credit that can't be paid off promptly, as the interest costs can quickly add up, making items significantly more expensive over time.

Answer:

Event                                                      Classification

1.                                                              Asset Source

2.                                                             Asset Use

3.                                                             Asset Use

4.                                                             Asset Source

5.                                                             Asset Exchange

6.                                                             Not applicable (NA)

7.                                                              Asset Source

8.                                                              Asset Use

9.                                                              Asset Source

10.                                                             Asset Exchange

11.                                                              Asset Source

Explanation:

An asset is an economic resources controlled by an entity from which future economic benefits are expected.

In recording asset,  business events can result in asset source,asset use and asset exchange. Asset source is the acquisition of asset, asset use is consumption of existing asset and asset exchange is the transfer of asset from one source to another.

The Nevada Company's activities can be classified into asset source (issuing of common stock and providing services), asset use (paying expenses and dividends), and exchange transactions (purchasing land). The market value determination of the land does not apply to this classification.

The events experienced by the Nevada Company during its first year of operations can be classified as follows: The acquisition of cash from the issue of common stock (both $1,000 and $16,000) and borrowing $10,000 from New South Bank are asset source transactions. Providing services for $6,000 cash and providing boarding services for $10,500 cash are also asset source transactions. The payment of $2,400 for utilities expense, $1,500 cash dividend to stockholders, $3,500 for salary expense, and $6,000 for the purchase of land are asset use transactions. The purchase of additional land for $2,500 is an exchange transaction. The market value of the land being determined to be $24,000 at the end of the accounting period is not applicable to the classification of asset source, use, or exchange.

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Answer:

The correct answer is letter "B": For whom to produce?

Explanation:

"For whom to produce?" is one of the three economics questions after "What to produce?" and "How to produce?" that societies must solve to resolve the problem of scarcity efficiently. "For whom to produce?" refers to determining who will get how much of the production of the goods and services.

Answer:

The statement is: False.

Explanation:

The dialectic approach is a method of communication that takes place when two individuals have a different point of view over a certain matter but wish to come to an understanding of the other's position by reasoned arguments. The dialectic approach combines the social, interpretive, and critical approaches.

The theory of Purchasing Power Parity predicts that a haircut costing 15 dollars in Dallas, given an exchange rate of 1 euro to 1.5 dollars, should cost 10 euros in Paris. Similarly, a wheel of cheese costing 20 euros in Paris should cost 30 dollars in Dallas.

According to the theory of Purchasing Power Parity (PPP), the exchange rate between two countries should equate the cost of a similar basket of goods in both countries. In simpler terms, a haircut or a wheel of French cheese should cost the same regardless of whether you're in Dallas or Paris, after converting currencies.

Given the exchange rate of 1 euro to 1.5 U.S dollars, a haircut that costs 15 dollars in Dallas should cost 10 euros in Paris. This result can be ascertained by dividing the dollar cost by the exchange rate (15 / 1.5 = 10 euros).

Similarly, a wheel of French cheese that costs 20 euros in Paris should cost 30 dollars in Dallas. This is done by multiplying the euro cost by the exchange rate (20 * 1.5 = 30 dollars).

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Answer:

The correct answer is letter "D": individuals on the board who are not employed by the board's corporation.

Explanation:

The Board of Directors is a group appointed or elected to represent shareholders at major companies. The Board of Directors is composed of inside directors who have a direct relationship with the organization and outside directors who are not employees of the organization but help to balance the decisions in the overall Board.

Answer:

d) making HR planning more critical and complex.

Explanation:

Globalization refers to the way of interacting with different people around the world in order to get healthy relationship for business purpose. Communication technologies become a helping hand to make globalization so easy and efficient.

Increase Globalization increase the practice of human Resource, in order to maintain the workforce in a more systematic way thus globalization make human resource planning more complex.

Answer:

The correct answer is letter "B": utilitarian approach.

Explanation:

The utilitarian approach is a corporate practice by which managers make benefit/costs decision attempting to maximize the benefits by minimizing the costs. This approach is implemented to safeguard stakeholders' investments which represents one of the main sources of income for the company to keep their operations up.

Answer:

A-Positive

B-Positive

C-Negative

D-Negative

E-Negative

Explanation:

To begin with, the term known as ''cross elasticity of demand'' refers to an economic concept that measures the quantity demanded of a good when a change in the price of other good takes place.

In the case of the umbrellas, as being products very equal the most common thing to happen is that when the price of one of them increases the quantity demanded of the other will increase too regarding the fact that the second one will be cheaper. Therefore establishing a positive cross elasticiy of demand due to the fact that they are two substitute products.

In the case of the Coca-Cola and Pepsi, both products are also substitute and therefore it is obvious that the cross elasticity of demand will be positive due to the fact that if the price of one of them increases then the quantity demanded of the other will increase as well too.

In the cases C, D and E the most likely thing to happen is that when the price of one of them increases then the quantity demanded of the other will decrease due to the fact that they are two complementary goods whose cross elasticity of demand is negative. Because the complementary goods are those that whose appeal increases with the demand of its complement and that happens in the cases of the grape jelly and peanut butter, the chocolate chip cookies and milk and the computers and software.

The cross-price elasticity of demand would be positive for substitutes (red and black umbrellas, Coca-Cola and Pepsi); negative for complements (grape jelly and peanut butter, chocolate chip cookies and milk, computers and software).

The cross-price elasticity of demand measures how the quantity demanded of one good changes with respect to the price change of another good. It indicates whether two goods are substitutes, complements, or unrelated.

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