Answer:
B. vendor-managed inventory.
Explanation:
A simplified approach to inventory management and order fulfillment is the Vendor Managed Inventory (VMI).
VMI includes coordination between manufacturers and their customers (e.g. distributors, retailers, OEMs or end users of products) which transforms the conventional purchasing process.
VMI's objective is to harmonize business goals for both suppliers and their customers and streamline supply chain operations.
Higher Sales.Best and Improved Service.Improved Inventory TurnsThere are two producers of wagon wheels that together are the exclusive providers to a large community. the executives of these companies meet to set minimum prices and production levels, thereby ensuring that they each will make a higher profit than they would in a free market. this is an example of a(n)__________.a. dictatorship.b. autocracy.c. monopoly.d. oligopoly.
Answer:
Letter d is correct. Oligopoly
Explanation:
Oligopoly is an economic structure where companies come together to price products and services.
An oligopoly is characterized by a situation of imperfect competition, where few companies are responsible for controlling price supply, so competition does not occur for price variables, but for other product differentiation characteristics such as quality, value, customer loyalty and after sales service.
Bobcat Industrial Supply is considering a new project with estimated depreciation of $46,000, fixed costs of $39,000, and total sales of $487,000. The variable costs per unit are estimated at $21.00. What is the accounting break-even level of production?
Answer:
19,142.86 unit
Explanation:
Let the number of units be X
We know that,
Profit = Total Sales - Variable cost per unit × number of units - fixed cost - estimated depreciation
$0 = $487,000 - $21X - $39,000 - $46,000
$0 = $402,000 - $21 X
So, the X would be
= $402,000 ÷ $21 per unit÷
= 19,142.86 units
In a break even point, the firm has no profit or no loss so we assume the profit is $0
The accounting break-even point for Bobcat Industrial Supply is approximately 2,040 units. This is calculated by taking the total fixed costs (including depreciation) and dividing by the difference between the selling price per unit and the variable cost per unit.
Explanation:The accounting break-even level of production is simply the quantity of units a business must produce and sell in order to cover its costs. These fixed costs include things like rent, salaries, and utilities, which do not change regardless of how many units you produce. Variable costs, on the other hand, increase incrementally with each unit produced.
For Bobcat Industrial Supply, the accounting break-even point computed by setting total revenue equal to total costs, and solving for the quantity produced. First, we combine the fixed costs and the depreciation to get the total fixed costs of $85,000 ($39,000 + $46,000). We then divide this total fixed cost by the selling price per unit minus the variable cost per unit. Assuming a selling price of $62 per unit (considering $487,000 total sales and $21 variable cost as mentioned before), the break-even quantity will be $85,000 divided by ($62-$21).
The calculation is thus as follows:
Break-even quantity = Total Fixed Cost / (Selling price - Variable cost)
Break-even quantity = $85,000 / ($62 - $21)
Break-even quantity = approximately 2,040 units.
So, Bobcat Industrial Supply would need to produce and sell approximately 2,040 units to break even on their accounting costs.
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According to advocates of the long-run vertical Phillips curve, the natural rate of unemployment is determined by A. frictional unemployment only. B. frictional and structural unemployment. C. frictional, structural, and cyclical unemployment. D. cyclical unemployment only.
Answer:
B) frictional and structural unemployment
Explanation:
Frictional unemployment is the result of being in between jobs. You are considered frictionally unemployed when you are looking for a new job.
Structural unemployment refers to a situation where jobs exist, but the applicants don't match the skills needed for the jobs. Structural unemployment is caused by external forces to the business cycle (e.g. low education levels).
A Condominium owner files a declaration with the county clerk which divides his individual ownership and ownership in common elements into time-share units. Each time-share owner will have individual ownership of the common elements for three weeks each year. The condominium owner may have created:
Answer:
subdivision
Explanation:
A real property subdivision takes place when a real property (parcel of land, house, etc.) is divided into smaller areas. The whole idea behind a subdivision is that it should be easier to sell the property in smaller parts.
When a subdivision is carried out on a condominium, the physical space is not divided, rather the property time is divided into time share units. In this case, a person can purchase the right to use that condominium during 3 weeks each year.
Given below is an excerpt from a management performance report:
Budget Actual Difference
Contribution margin $1,000,000 $1,050,000 $50,000
Controllable fixed costs $ 500,000 $ 450,000 $50,000
The manager's overall performance
a. is 20% below expectations.
b. is 20% above expectations.
c. is equal to expectations.
d. cannot be determined from information given.
Answer:
The answer is b. manager's overall performance is 20% above expectations.
Explanation:
The budget overall performance is: Budgeted Contribution margin - Budgeted Controllable fixed costs = 1,000,000 - 500,000 = $500,000;
The Actual overall performance is: Actual Contribution margin - Actual Controllable fixed costs = 1,050,000 - 450,000 = $600,000;
Variance in dollar term of actual overall performance over budget overall performance = $600,000 - $500,000 = $100,000
% variance of actual overall performance over budget overall performance = 100,000/500,000 = 20%
Thus, actual overall performance is 20% above expectation.
The manager's overall performance is 20% below expectations. Budgets for marketing and labor, for example, are examples of controllable costs that the business has complete control over. The correct option is a.
Given,
Budgeted Contribution Margin: $1,000,000
Actual Contribution Margin: $1,050,000
Difference: $50,000
Budgeted Controllable Fixed Costs: $500,000
Actual Controllable Fixed Costs: $450,000
Difference: $50,000
Required to determine the manager's overall performance =?
The required calculations are shown in the file given attached below.
The actual expenses were less than the anticipated amount, which is a positive result, as indicated by the negative 10% difference in controllable fixed costs.
The actual contribution margin may have been slightly greater than the anticipated amount, but it may not have been sufficient to make up for the reduced controllable fixed expenses, as indicated by the positive 5% difference in contribution margin.
Thus, the ideal selection is option a.
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In January of 20X1, the Falwell Company began construction of its own manufacturing facility. During 20X1, $6,000,000 in costs were incurred evenly throughout the year. Falwell took out a $2,500,000, 10% construction loan at the beginning of the year. The company had no other interest-bearing debt. What amount of interest should Falwell capitalize in 20X1?
Answer:
$250,000
Explanation:
The computation of the interest capitalized is shown below:
= Amount of construction loan × given percentage
= $2,500,000 × 10%
= $250,000
We simply multiplied the construction loan amount with the given percentage so that the accurate amount can come.
All other information which is given is not relevant. Hence, ignored it
WeLoseThings, Inc. currently reports $500,000 of inventory on its trial balance. Management just performed an inventory count and found only $485,000 of inventory. What account should be debited to record this shrinkage?
Answer:
Shrinkage expense
Explanation:
The journal entry is shown below:
Shrinkage expense A/c Dr $15,000
To Inventory A/c $15,000
(Being the shrinkage is recorded)
The computation is shown below"
= Current inventory amount - actual inventory amount
= $500,000 - $485,000
= $15,000
Simply we debited the shrinkage expense account and credited the inventory account so that the correct posting can be done
Producers of a strong brand sometimes sell it to dealers only if the dealers will take some or all of the rest of its line. This is known as full-line forcing. Which of the following statements is true regarding full-line forcing?
A.It is always illegal.
B.It is always legal.
C.It may or may not be legal.
D.It is only legal in New York, California and Texas.
E.It is only illegal in Europe.
Answer:
The correct answer is C
Explanation:
Full line forcing is the term which is described as the supplier or the producer which insistence the dealer that must carry the full range of the products in the line.
The policy may or may not be illegal if it could be established that it could serve the legitimate need of the business.
Final answer:
Full-line forcing may be legal if it encourages competition among dealers, but it can become illegal if it restricts competition, with legality often hinging on the specific circumstances of the agreement.
Explanation:
Regarding full-line forcing, the truth is that it may or may not be legal, depending on various factors. Such practices are assessed on whether they encourage or limit competition. It is legal under circumstances where the purpose is to encourage competition among dealers, such as when the Ford Motor Company sells cars only to Ford dealers, and General Motors only to GM dealers. However, it can become illegal if it restricts competition, such as when a single retailer gains exclusive distribution rights to a wide range of products, negatively affecting other retailers' ability to compete.
Similarly, a product manufacturer's demand for a minimum resale price agreement from dealers can be illegal because it restricts competition. However, a subtle distinction exists where manufacturers can "suggest" minimum prices and choose not to sell to dealers who frequently sell below these suggested prices.
A marginal tax rate is:
a. the total tax paid divided by the amount of taxable income.
b. equal to a worker’s income tax bracket.
c. applied only to high earners under a progressive income tax system.
d. the tax rate paid on a worker’s next dollar of income.
e. irrelevant for making decisions about earning extra income.
Answer:
The corret answer is d. the tax rate paid on a worker’s next dollar of income..
Explanation:
For small business owners, two of the most important determinations they can make are to calculate their marginal tax rates, along with their average tax rates. The marginal tax rate of a business is the percentage at which the last dollar entered was taxed. If this rate is considered too high, you can reduce the incentive for companies to generate additional income. The average tax rate is the percentage of your total taxable income that you pay in taxes.
________ are a vital part of the public health assessment function and are used to identify special risk groups, to detect new health threats, to plan public health programs and evaluate their successes, and to prepare government budgets.
Answer:Health statistics
Explanation:
''HEALTH STATISTICS are a vital part of the public health assessment function and are used to identify special risk groups, to detect new health threats, to plan public health programs and evaluate their successes, and to prepare government budgets.''
Health statistics are set of numbers concerning areas of health for example, number of mortality(mortality statistics), birth statistics, marriage statistics and so on.
Health statistics are used to predict the pattern of disease in group of people.
Jess buys a microwave oven with a manufacturer's full one-year warranty. If Jess discovers that the microwave oven does not work properly during this time, the manufacturer is obligated to:
Answer: Collect the product and replace it with a new one
Explanation: Full warranty on any manufactured product means that for the next one year after the purchase of such item, the buyer is entitled to return it for a replacement, once the item has a fault.
A full one year warranty on any product includes any manufacturers defect on products. Defects detected during the cause of the product usage within the stipulated period.
Cole is a minimum wage employee in Santa Fe, NM, where the minimum wage is $10.91 per hour. His employer claims that since the federal minimum wage is $7.25 per hour, Cole should only receive the federal amount. What is the correct answer in this situation?
A) The employer has the discretion to pay either the federal or the state-designated minimum wage.
B) The employer may choose to pay less than the state-designated minimum wage, based on the employee's qualifications and job description.
C) The employer is correct that the federal minimum wage overrules the state wage.
D) The employer must pay the state-designated minimum wage for the area.
Answer:
The answer is letter D.
Explanation:
The employer must pay the state-designated minimum wage for the area.
In a one-tailed test, the rejection region is located under one tail (left or right) of the corresponding probability distribution, while in a two-tailed test this region is located under both tails.a.True or False.b.True.c.False.
Answer:
Both parts A and B of the statement are True
Explanation:
In a one-tailed test we are testing a hypothesis that includes a directional relationship, where that relationship is greater than or less than critical value located at the top/bottom 5% of the distribution. If the test statistic falls into this region, we reject the null hypothesis.
When we are doing a two-tailed tests, the hypothesis does not include a directional relationship. We are looking for a mean value that is significantly greater (2.5%) and significantly less (2.5%) than the null hypothesis.
Determining the earned value involves collecting data on the percent complete for each work package and then converting this percentage to a dollar amount by multiplying the ____ of the work package by the percent complete.
Answer: Earned value
Explanation:
The earned value is basically determine by collecting all the data which refers to the value when the actual work are performed.
The earned value is one the key parameter and it is mainly determine throughout the given project.
The earned value are determine by collect the data one the complete percent of each work and the it is converted into the dollar percentage by multiplying with the earned value of the work.
according to Tuckman's five-stage model of group and team development, what is the second stage in the process?
Answer: The second stage is the "Storming Stage"
Explanation:
Bruce Tuckman's five-stage model of group and team development, propounded in 1965, consists of the forming, storming, norming, performing and adjourning stages.
The second stage, storming, is the most difficult and crucial stage in team development process, especially for a team that has never been together. At this stage, there's usually conflict of interests and members of the team may form "cliques" based on common grounds of agreement.
Performance of the team may decrease because members could begin to disagree on team goals and individual personalities emerge.
A solution would be for the team members to accept one another's individuality and focus on the task at hand.
Final answer:
According to Tuckman's five-stage model, the second stage in the group and team development process is the 'storming' stage.
Explanation:
Tuckman's five-stage model of group and team development outlines the stages that groups go through to become effective team. The second stage in this process is called the 'storming' stage. In this stage, team members may experience conflict, tension, and disagreements as they establish their roles and norms within the group.
It can be a challenging stage, but the group must work through these issues to move forward and become more cohesive.
When nations impose currency controls on their economics some firms benefit and some are hurts?
Answer:
True
Explanation:
I can explain this question using a current example of currency manipulation by a foreign government. In Argentina different governments set the exchange rate between the Argentine peso and the US dollar. Sometimes the peso is devaluated by the government which makes Argentinean products and services cheaper to export but makes all imports more expensive. These actions favor economic growth but also increase the inflation rate.
On other occasions the government will appreciate the Argentinean peso against the dollar which makes imports cheaper and exports more expensive. Supposedly this is done to control high inflation rates.
If you wonder why the Argentinean government does that, probably no one really knows. Its been happening since the 1990s and different political parties have governed the nation but this practice of artificially setting the currency value never stopped.
To start his business, Neil borrows money from every source available to him, including all his credit cards and a line of credit at his bank. The business fails, and Neil files a voluntary Chapter 7 petition in good faith to discharge his debts. He returns to work as an attorney, where he makes over twice the median family income in his state. Neil's debts will most likely:_____________.
Answer:
Be paid at least in part, after his case is converted to a Chapter 13 repayment plan.
When the Federal Reserve lowers interest rates, hoping to jump-start the employment market, what does it hope it will accomplish with that monetary policy action?
A) That the lower interest rates will reduce the money supply to lower inflation.
B) That people will begin borrowing enough money so that they do not have to work.
C) That enough people will stop borrowing money and increase spending to raise the GDP.
D) That businesses will begin increasing investments, which in turn, will cause a need for more employees.
Answer:
D) That businesses will begin increasing investments, which in turn, will cause a need for more employees.
Explanation:
When the Federal reserves lower interest rates, it makes the cost of borrowing affordable. Banks and other lenders can advance credit to households and businesses at attractive rates. Low-interest rate encourages banks to loan out rather than hold excess reverses.
Affordable credit is good news to investors as they can manage to borrow capital to expand their business. As businesses expand, they will require more employees to work in the expanded production. The low-interest-rate also encourages start-up business. The expansion of old enterprises and the formation of new ones create job opportunities in the economy.
Certain brand names, such as Kleenex and Rollerblade, fear they could become _________, because they are so commonly identified with a specific product category that consumers use these names to refer to any product in that category regardless of the manufacturer.
Answer: The correct answer is "generic names"
Explanation: Certain brand names, such as Kleenex and Rollerblade, fear they could become generic names, because they are so commonly identified with a specific product category that consumers use these names to refer to any product in that category regardless of the manufacturer.
This happens because the products are so identified with the name or logo of the brand that consumers wanting to refer to a certain product call it by the name of the brand.
To encourage audience members to listen to his speech on saving for retirement, Colin explained to his audience he could teach them how to become millionaires. Which technique for encouraging effective listening was he using?
Answer: Make your listeners care
Explanation: In simple words, "make your listeners care" refers to the strategy under which the speaker tries to get the attention of the audience by giving them bait of some factor that is commonly needed by them all.
This strategy involves taking attention by greed of the audience. It can be done by various methods like making them emotionally involved, or by relating the speech to a problem that they can relate to but still the most useful method is using the greed of money, popularity etc.
Roger, a sales manager at Pacto Corp., has been assigned a new client for selling Pacto's products and is collaborating with the marketing team to generate a sales proposal. In this scenario, Roger collaborates with the marketing team:
Answer:
As a sales manager, Roger collaborates with the marketing team because he needs to gather all the possible information about what other competitors are offering and what new products or services he can offer. This should help Roger elaborate and implement new sales tactics directed at this new client.
Roger, a sales manager at Pacto Corp, collaborates with the marketing team to create a sales proposal, demonstrating the interplay of organizational behavior and the integration of sales and marketing strategies. Effective project management and a focus on aligning business partnerships with personal interests are essential for success in such collaborative efforts.
Roger, a sales manager at Pacto Corp, is collaborating with the marketing team in order to generate a sales proposal for a new client. This scenario involves organizational behavior, a crucial aspect in a business setting. It demonstrates the importance of combining sales and marketing efforts to achieve a company's objectives such as increasing sales and enhancing customer relationships.
The collaboration between various teams within an organization can lead to more effective strategies, which could entail finding methods for getting better acquainted with customers or creating comprehensive sales and marketing campaigns. In this scenario, Roger is taking on a role that bridges the communication between the principle (the company he represents) and the agent (the client) to align business partnerships alongside personal interests.
Furthermore, project management is key in ensuring that the collaboration between different departments is productive. Having a clear action plan, setting milestones, and ensuring team members' commitment are all essential elements in managing a collaborative project.
Eatalia is a popular chain of restaurants for authentic Italian food. Recently, a customer found a dead insect in the pasta he was served. The customer's negative review about the restaurant went viral. Eatalia's Chief Executive Officer (CEO) publicly apologized for the mishap and posted pictures of the restaurant's kitchen, after being fumigated, on several social networking websites. In this scenario, which of the following does Eatalia's CEO demonstrate?
a. Brand switching
b. Crisis management
c. Audience selectivity
d. Media scheduling
Answer:
The correct answer is B
Explanation:
Crisis management is the procedure through which the organization or firm faces the unexpected and disruptive event that harm the firm or its stakeholders.
In this scenario, Eatalia, who has a restaurant but a customer found a dead insect in the food due to which the business faces negative reviews, fumigated on the social networking. It illustrates the crisis management.
By examining customer checkout details, supermarkets have learned that people who are buying beer typically also buy a bag of salty snacks. As a result of this finding, supermarkets often place displays of beer near the chips and pretzel aisle. Which of the following methods of processing information is most likely to have been used for discovering such information?
a. Authenticating
b. Perceptual filtering
c. Bar coding
d. Data mining
e. Optical scanning
Answer:
perceptual filtering
Explanation:
i think that because it is talking about people's perception.
The method of processing information is most likely to have been used for discovering such information is Data mining. Thus the correct option is D.
What is a Customer?A customer is referred to as an individual who purchases a product or service. He may or may not be the consumer. A consumer refers to a person who utilizes or consume goods and service.
In the given case, it is explained that Supermarkets have identified that customers who buy beer frequently also purchase a bag of salty snacks by looking at customer checkout information.
Finding relevant and practical connections and patterns in vast amounts of data is known as "data mining". In order to forecast outcomes, data mining is the act of identifying irregularities, patterns, and correlations within huge data sets.
Therefore, option D is appropriate.
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The most successful advertisements directed at business customers tend to focus on (Select one):
a. the physical product
b. product attributes
c. product benefits
d. the price of the advertised product
Answer: (C) Product benefits
Explanation:
The product benefits is one main focus of the advisement in the business that is mainly directed to the customers. The product benefits is basically refers to the value which the customer are get realized from the specific products and the services.
By knowing the actual benefits of the products the customers get attracted towards the products and think of buying the product.
So, it helps in increase the productivity of the specific product in the market.
Therefore, Option (C) is correct.
Suppose a price-taking firm produces 400 units at its optimal output level. At that output rate, marginal cost is $200, average total cost is $240, and average variable cost is $170. The firm will be forced to go out of business in the short run if:Select one:a. the market price is between $200 per unit and $240 per unit.b. the market price is between $170 per unit and $240 per unit.c. the market price falls below $170 per unit.d. the market price equals $240 per unit.e. the market price equals $200 per unit.
Answer:
C) the market price falls below $170 per unit.
Explanation:
If this firm is a price taker, it means that it is operating in a perfect competition market. In such markets, since the entry and exit barriers are very low or nonexistent, if the equilibrium price falls below the variable cost, the firms should halt production in the short run until the equilibrium price rises again. The firm should resume production only after the equilibrium price exceeds the variable costs.
This situation is only applicable on the short run. On the long run the firm should only produce if the equilibrium price is greater or equal to its marginal cost.
A commercial building worth $400,000 is insured under a Commercial Property policy for $240,000, and an 80% coinsurance clause applies. A $20,000 loss to the building has occurred. How much will the insured receive when a claim is filed?
Answer: $15,000
Explanation: The 80% coinsurance clause on the property means that the insurance policy holder is agreeing to contribute up to 80% of the property's worth. Hence in the event of a loss to the building worth $20,000; the insures policyholder would receive :
(Actual contribution/expected contribution) x value of loss to the property
Where : Expected contribution = 80% of property's worth
ie (80/100) x $400,000 = $320,000
then the insured is to receive: ($240,000/$320,000) x $20,000 = $15,000
The insured will receive the full amount of the $20,000 loss, because the loss does not exceed the minimum coverage required by the 80% coinsurance clause.
To calculate how much the insured will receive for a $20,000 loss on a commercial building worth $400,000, insured for $240,000 with an 80% coinsurance clause, we must first figure out the minimum insurance required to meet the coinsurance clause, which is 80% of the building's value (0.80 x $400,000 = $320,000). Then we calculate the proportion of the insurance carried to the insurance required ($240,000 / $320,000 = 0.75). This proportion is then applied to the loss, so the insured will receive 75% of the $20,000 loss, which amounts to $15,000. However, since the loss is less than the minimum required coverage, the insured will get the full amount of the loss, which is $20,000.
Monopolistically competitive firms experience economic profits in the long run that are:
eliminated due to firms leaving the industry.
eliminated due to firms entering the industry.
not eliminated because the competition is imperfect.
not eliminated because the demand curve is downward sloping.
not eliminated due to high barriers to entry to the industry.
Answer:
eliminated due to firms entering the industry
Explanation:
In the long run , monpolistically competitive firms earn zero economic profit due to entry of firms into the industry.
A monpolistically competitive firm has low barriers to entry and exit of firms. In the short run when monpolistically competitive firms earn economic profit, firms enter into the industry in the long run and economic profit would be wiped out.
Other features of monpolistically competitive firms are:
1. They sell differentiated products
2. They set the prices for their goods and services
3. They have a downward sloping demand curve.
Name a category which is not ideal for capital budgeting decisions?
Answer:
Simple profits margin
Explanation:
When you are budgeting the capital is important to keep in mind the whole profits, for example, net, EBIT, EBITDA in order to have a complete and deep analysis of the cost and expenses structure of the company, vital at the moment of making decisions especially in budgeting.
Calculating inflation using a simple price index
Which of the following, if true, would illustrate why price indexes such as the CSPI might overstate inflation in the cost of going to college? Check all that apply.
A. A new mobile device for personal computing became available for purchase.
B. Professors required each student to buy 10 notebooks, regardless of the price.
C. Energy drinks became increasingly popular on college campuses between 2010 and 2012 due to significant improvements in flavor.
D. As the price of calculators rose, fewer students decided to buy them, opting instead to use the free calculators in their cell phones or on their computers.
Answer:
A. A new mobile device for personal computing became available for purchase.
C. Energy drinks became increasingly popular on college campuses between 2010 and 2012 due to significant improvements in flavor.
D. As the price of calculators rose, fewer students decided to buy them, opting instead to use the free calculators in their cell phones or on their computers.
Explanation:
A general increase in the price of commodities is known as inflation. the change in inflation is calculated using price index.
The statement that ilustrate why price indexes such as the CSPI might overstate inflation in the cost of going to collage are:
a new mobile device for personal computing became available for purchase.
as the price of calculators rose, fewer students decided to buy them, opting instead to use the free calculator in their cell phones or in their computers.
energy drinks became increasingly popular on collage between 2010 and 2012 due to significant improvements in flavour.
In the scenarios provided, D is the example that demonstrates how the Consumer Price Index for Students (CSPI) might overstate inflation in the cost of going to college. The index would not immediately account for students' behavioral changes, allowing it to appear inflated.
Explanation:The question is asking for possible reasons that price indexes such as the Consumer Price Index for Students (CSPI) might overstate inflation in the cost of going to college. To answer this, we can analyze the conditions given:
A. A new mobile device for personal computing became available for purchase. This situation wouldn't generally affect the measurement of the CSPI as it may not necessarily impact student expenditures directly tied to their education. B. Professors required each student to buy 10 notebooks, regardless of the price. This also won't have a big impact on the inflation calculation, because the goods in question haven’t changed. Even if students are buying more notebooks, the price of each notebook hasn’t necessarily changed. C. Energy drinks became increasingly popular on college campuses between 2010 and 2012 due to significant improvements in flavor. As with scenario A, this doesn't specifically highlight a reason why CSPI might overstate inflation in the cost of going to college. The cost of energy drinks is less directly connected with college expenditures toward education. D. As the price of calculators rose, fewer students decided to buy them, opting instead to use the free calculators in their cell phones or on their computers. This is an excellent example of how the CPI might overstate inflation. The rising cost of a specific good (the calculators), could be offset by behavioral changes (students choosing to use free alternatives). The index might not account for these behavioral changes, and therefore, might present an overstated inflation.Learn more about Inflation Measurement here:
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The managerial accountant at the Frame Shop reported $4,000,000 of operating income and $9,000,000 in sales revenue for the Staple Division.What is the sales margin for the Staple Division?
Answer:
0.4444
or
= 44.44%
Explanation:
Data provided in the question:
Reported operating income = $4,000,000
Reported sales revenue for the Staple Division = $9,000,000
Now,
The sales margin is given as
= ( operating income ) ÷ ( sales )
therefore,
The sales margin for the Staple Division
= $4,000,000 ÷ $9,000,000
= 0.4444
or
= 0.4444 × 100%
= 44.44%