Answer: Decision tree
Explanation: A support tool that uses a tree like model for decision making by evaluating the possible consequences by taking into consideration chance event outcomes, resource cost and utility. Largely used in non parametric effective machine, it is a learning modelling technique for regression and classification problems.
Game theory is used to analyze this type of decision in a sequential game. The retail firm can simulate multiple scenarios of their choice to build a large or small store based on various predicted actions by the competitor and decide accordingly, factoring in market competition, firm strategies, likely competitor responses and customer reactions.
Explanation:The type of analysis used to determine a decision in a sequential game such as whether a retail firm should build a large or small store in a city, based on a competitor's similar actions, would be game theory. This aspect of microeconomics, specifically focuses on decision-making and strategy in situations of competition and conflict.
Using game theory, a retail firm can simulate multiple scenarios and the outcome of each choice, dependent on various predicted moves by the competitor. For example, if the retail firm decides to build a small store and the competitor also builds a new store, it can determine the likely profit or loss compared to if it had built a large store.
This requires careful evaluation of the market competition, assessment of individual firm strategies and the likely responses from competitors. It is also essential to factor in how customers might react to each scenario, thereby affecting demand and profits.
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Leiff goes online to buy a new video game. He finds a site that currently has a promotion of 15% off on all orders over $50. Leiff decides to buy his video game, with a price tag of $128, at this site because he knows that he will get the 15% discount when he checks out. Leiff pays 5.3% sales tax on the discounted price and pays a shipping fee of $4.75. What is the total of Leiff’s online purchase?
a. $112.84
b. $114.57
c. $118.82
d. $119.32
ANSWER:
d.$119.32
STEP-BY-STEP EXPLANATION:
Leiff goes online to buy a new video game. He finds a site that currently has a promotion of 15% off on all orders over $50. Leiff decides to buy his video game, with a price tag of $128, at this site because he knows that he will get the 15% discount when he checks out. Leiff pays 5.3% sales tax on the discounted price and pays a shipping fee of $4.75.
original price is $128,
to get its discounted price at 15%
Leiff paid for was (100-15) = 85% of the original price
the price of the video game then becomes (0.85 x 128) = $108.80
Leiff has to pay an additional 5.3% of the new price, that's (100 + 5.3) = 105.3% of the new price
which is (1.053 x 108.8) = $114.57
Adding the shipping fee for the videogame, 114.57 + 4.75 = $119.32
Thus, the total price is $119.32
Which of the following is not a benefit of using a computerized budgeting system? A. Such systems speed up and reduce the cost of preparing the budget. B. Such systems make revisions easier with faster results. C. Such systems can streamline the budgeting process. D. Such systems require more employees to be involved in the process.
Answer:
Computaried budgeting systems help companies in the budgeting process, which is used to easily put together finantial statements in order to gauge future operations for the company since they process the budget very fast, reducing the amount of resources employed by the company in such tasks.
Thus the option which is Not a benefit would be (D.).
Explanation:
Which of these assumptions is often realistic for a firm in the short run? a. The firm can vary both the size of its factory and the number of workers it employs. b. The firm can vary the size of its factory but not the number of workers it employs. c. The firm can vary the number of workers it employs but not the size of its factory. d. The firm can vary neither the size of its factory nor the number of workers it employs.
Answer:
The correct option here is C) the number of workers can be varied but not size of factory.
Explanation:
In the short run it would not be possible to shift or vary the size of factory and even if they try doing that it will talk lot of time and cost , which is in no way beneficial for the firm. But what firm can do is vary the number of workers they employ, like if they want to take advantage of economies of scale , they can do that by assigning less tasks to employees and for that they can make changes in the number of employees as per the requirement.
Final answer:
The most realistic assumption for a firm in the short run is that it can vary the number of workers it employs but not the size of its factory, since fixed inputs cannot be changed over this period.
Explanation:
The question revolves around realistic assumptions for a firm's capacity to adjust inputs in the short run. In economic terms, the short run is a timeframe during which certain inputs are fixed. Consequently, to the question 'Which of these assumptions is often realistic for a firm in the short run?' the most accurate answer is: c. The firm can vary the number of workers it employs but not the size of its factory. This premise aligns with economic theory which postulates that in the short run, a firm can typically adjust its level of variable inputs like labor, but not fixed inputs such as factory size or capital equipment.
Understanding the distinction between the short run and the long run is critical. In the short run, firms cannot change the usage of fixed inputs, while in the long run, adjustments to all factors of production are possible. Reflecting on the concepts of total product and marginal product also offers insight into labor's impact on production before diminishing marginal productivity becomes a factor.
Maso Company recorded journal entries for the issuance of common stock for $160,000, the payment of $52,000 on accounts payable, and the payment of salaries expense of $84,000. What net effect do these entries have on owners' equity?
Answer:
The correct answer is that the owners equity would increase by $76,000.
Explanation:
here we have been given 3 entries and in these three journal entries , the payment of $52,000 on account payable is a entry which will have no effect on the owners equity, so only issuance of stock which increase the owners equity and payment of salary expenses which decreases the owners equity will have a impact on its total equity.
The total impact on owners equity -
ISSUANCE OF COMMON STOCK = $160,000
(-) PAYMENT OF SALARY = $84,000
net effect on owners equity which is here increase in the total equity by $76,000.
Assume the City of Tulsa, Oklahoma issued bonds 3 years ago as follows: 8.75% $150 million at 8.75%. The original maturity was 25 years, par value is $1,000, with interest paid annually. The original credit rating was A1/A+ by Moody's and S&P, respectively. If the rating agencies downgrade the credit ratings to A3/A-, investors will want a 9.10% return. What would happen to the price per bond if that happens today? (6 decimal places).
Answer:
The bond will decrease by:
$27.019642
Their market value will be:
$972.980358
Explanation:
The price of the bond will decrease in order to increase the yield of the bond to 9.10%
We will calculate the present value of the annuity using the 9.10 rate compounding semiannually
[tex]C \times \frac{1-(1+r/2)^{-timex2} }{rate/2} = PV\\[/tex]
c= 1000 x 8.75%/2 = 1000 x 0.0875/2 = 43.75
time = 25 years - 3 = 22 years
rate 9.10% = 0.091
[tex]4375 \times \frac{1-(1+0.091/2)^{-22\times2} }{0.091/2} = PV\\[/tex]
PV = 825.798092
Then we calculate the present value of the redem of the bond:
[tex]\frac{Principal}{(1 + rate)^{time} } = PV[/tex]
Face value = 1,000
rate = 0.091
time = 22
[tex]\frac{1,000}{(1 + 0.91)^{22} } = PV[/tex]
PV = 147,182266
We add both to get the current PV at the new yield to maturity
825.798092 + 147,182266 = 972.980358
1000 - 972.980358 = ↓27.019642
Read the scenario. The citizens of Country D have noticed that the average prices of most goods within their nation have begun to rise. At the same time, employers are not raising wages at the same rate. The combination of these challenges has resulted in a decrease in overall demand, causing a decline in GDP. According to the scenario, what is the greatest economic challenge that Country D is facing? unemployment stagflation high production high wages
Answer:
stagflation
Explanation:
This country is undergoing a process of stagflation, which is the combination of stagnation in economic activity and high inflation. The recipe for stagflation is exactly as described. Decrease in real wages caused by the inflation process and decrease in consumption because agents are becoming poorer and more fearful about the future.
Answer:
B
Explanation:
edge 2020 :)
Taymen Inc., a furniture manufacturer based in Arizona, has tie-ups with raw material suppliers and shipping companies who provide Taymen a uniform pricing option across the United States. Despite the cost of production and distribution being the same across the United States, Taymen charges more for its products on the West Coast than in other parts of the United States. Which of the following acts prohibits this practice? (A) Robinson-Patman Act (B) Sherman Antitrust Ac (C) Clayton Antitrust Act
Answer: The Robinson–Patman Act of 1936 prohibits this practice where , Taymen charges more for its products on the West Coast than in other parts of the United States.
The Robinson–Patman Act of 1936 forbids anti-competitive practices by producers, such as price discrimination.
Therefore, if Taymen charges more for its products on the West Coast than in other parts of the United States. It is violating the Robinson–Patman Act of 1936.
________ are both government sources of information that might be helpful in gathering the information needed to start a business. Mergent and The Industrial monitor The Euromonitor and Business Source Complete Business Source Complete and Small Business News NAICS and SIC codes
Answer: NAICS and SIC codes
Explanation: Standard industrial classification are 4 digit codes, these are generally used for identification of industries. Whereas, NAICS, that is, North american industry classification is a six digit code which has recently came into existence and is being used as a replacement for SIC.
Final answer:
NAICS and SIC codes are government sources of information that are valuable for gathering industry-specific data when starting a business.
Explanation:
The correct answer to the question is NAICS and SIC codes. These are both government sources of information useful for gathering information needed to start a business. NAICS (North American Industry Classification System) and SIC (Standard Industrial Classification) codes are numerical systems used to classify industries. These codes can provide you with a wealth of industry-specific data including market size, number of competitors, and industry growth rates which can be particularly valuable when starting a new business or analyzing a target market for business expansion. Government information, typically available without a subscription, includes statistics, technical reports, economic data, scientific and medical research, and legislative information which are all useful for business planning and market research.
A prosecutor convened a grand jury to bring criminal charges against a pharmaceutical corporation. The charges were related to a new drug that was linked to several deaths. The prosecutor served a subpoena on a corporate employee who oversaw the testing of new drugs and kept the records related to such testing, requiring the production of all records related to testing done on the new drug. The employee refused to produce the records on Fifth Amendment grounds, asserting that the production of the records might incriminate him personally. Is the employee likely to be required to produce the records?A. No, because the Fifth Amendment privilege applies to corporations.B. No, because the production of the records would incriminate the employee personally.C. Yes, because the Fifth Amendment privilege does not apply in grand jury proceedings.D. Yes, because the Fifth Amendment privilege does not extend to the custodian of corporate records.
Answer: the correct answer is D. Yes, because the Fifth Amedment privilege does not extend to the custodian of corporate records.
Explanation:
Although the custodian of corporate records as an individual enjoys the Fifth Amendment privilege about self-incrimination, the request for production is being made to the custodian in his capacity as a corporation employee and therefore the Fifth Amendment does not apply.
Juan, the owner of Quality Catering, is driven by competition. He is very focused on meeting deadlines and quality, and on delivering the results that customers want. He pushes his managers to continually exceed their productivity goals, and he stresses that profits take precedence over employee development and satisfaction. Juan feels "there is not enough time for training." However, his employees are regularly rewarded for their success in meeting company goals. Quality Catering has a(n) ____ culture.
A.) adhocracy
B.) clan
C.) hierarchy
D.) target-driven
E.) market
Answer: His employees are regularly rewarded for their success in meeting company goals. Quality Catering has a market culture.
Market culture is a type of organizational culture which accentuate on the aggressiveness not only within the administration and market contender but also between worker. The model is assertive, competitive and capitalistic.
The governor has proposed to clean up all the trash on the side of the highway. The project is estimated to cost the tax payers and additional$15,000. The city will benefit by having a clean highway which will entice tourists to stop along their routes. The project is estimated to bring in$12,000 of revenue from the highway being cleaned. Should the governor continue with the project?
A. Yes, the project will have $12,000 of benefits to the city folks.
B. No, the project will not bring in enough benefit to cover the costs.
C. Yes, the tax payers wanted the highway cleaned up.
D. No, the benefit from the project will only be $3000.
Answer: The governor should not continue with the project because it will not bring in enough benefit to cover the costs.
Here, the project is estimated to cost the tax payers and additional $15,000. The city will benefit by having a clean highway which will entice tourists to stop along their routes. The project is estimated to bring in$12,000 of revenue from the highway being cleaned.
Although the project is in goodwill but it won't generate enough revenue and thus shouldn't be continued with.
Final answer:
While the highway cleaning project's direct revenue doesn't cover the cost, considering the social benefits may justify the expenditure. The decision should factor in intangible benefits as well as direct revenue.
Explanation:
The question pertains to whether a governor should proceed with a highway cleaning project that costs taxpayers $15,000, but is expected to generate $12,000 in revenue. When deciding on public projects, it is crucial to consider total costs and total benefits, including intangible benefits like environmental, recreational, health, and industrial benefits. While the project does not cover its costs in direct revenue, social benefits may make the project worthwhile if they exceed the shortfall. In this case, benefits such as a cleaner environment, potential to attract tourists, and improved aesthetics should be considered in addition to tangible revenue.
Anchor Co. owns 40% of Main Co.’s common stock outstanding and 75% of Main’s noncumulative preferred stock outstanding. Anchor exercises significant influence over Main’s operations. During the current period, Main declared dividends of $200,000 on its common stock and $100,000 on its noncumulative preferred stock. What amount of dividend income should Anchor report on its income statement for the current period related to its investment in Main?
A. 75,000
B. 80,000
C. 200,000
D. 225,000
Answer:
A. 75,000
Explanation:
Where an investment is made of 20% or more and there is significance influence then equity method is followed under which if any dividend is received for common stock it is adjusted from value of common stock.
Here common stock holding = 40% with significant influence.
Therefore dividend share = $200,000 X 40% = $80,000
This value of dividend will be deducted from the carrying value of investment.
Further any shares of preferred stock is not treated in the same way, and dividend is not deducted from cost of shares or carrying value of the same, it is shown as part of income statement.
Dividend to form part of income statement = $100,000 X 75% = $75,000
This question involves calculating dividend income related to an investment in a company, with the correct answer being $80,000. So, option B is correct.
This question pertains to accounting and specifically involves the calculation of dividend income related to an investment in a company. In this scenario, Anchor Co. owns a percentage of Main Co.’s common stock and preferred stock, requiring the calculation of the dividend income Anchor should report.
To determine the dividend income, we need to consider the dividends declared on Main Co.’s common stock and preferred stock that Anchor owns stakes in. Anchors' portion of the dividend income would be 40% of the common stock dividends plus 75% of the preferred stock dividends.
Therefore, the correct amount of dividend income to be reported by Anchor on its income statement for the current period related to its investment in Main is $80,000 (B).
Last month, a Vivian’s Fabrication Department started 82,000 units into production. The department had no beginning work in process and 18,100 units of ending work in process that were 50% complete. The department incurs conversion costs uniformly throughout the process and all materials are issued at the beginning of the process. If the department’s total materials cost for the month was $504,300, what was the unit materials cost?
Answer:
Unit Materials cost $6.15
Explanation:
Beginning 0
Started 82,000
Ending (18,100)
Complete and transferred out 63,900
To get equivalent untis we add the transferred out with the equivalent units of Ending inventory
CC 63,900 + 18,100 x 50% = 72,950
Materials 63,900 + 18,100 x 100% = 82,000
Unit material cost:
504,300/82,000 = 6.15
+Ending materials 18,100
When employees at all occupational levels are asked to rank what is important to them, the order that put them in is: sufficient help, support, and information to accomplish the job; interesting work; enough authority to carry out the work,and good pay good pay; enough authority to carry out the work; sufficient help, support, and information; and interesting work. interesting work; sufficient help, support, and information to accomplish the job; enough authority to carry out the work; and good pay enough authority to carry out the work; good pay; interesting work; and sufficient help, support, and information to accomplish the job
Job satisfaction is influenced by various factors such as sufficient organizational support, interesting work, autonomy, and good pay. The order of these factors may vary depending on several aspects, however, interesting work is often ranked highly as it promotes engagement and motivation.
Explanation:The question pertains to the prioritized aspects of job satisfaction across diverse occupational levels. Various fields of study have concluded that certain job factors significantly impact employees' satisfaction, motivation, and productivity. These are: sufficient help, support, and information to accomplish the job; interesting work; enough authority to carry out the work; and good pay. The order of significance may vary depending upon the occupation, the environment, individual preferences, or cultural aspects. Empirical findings suggest that interesting work is often ranked a high priority among all workers because it promotes employee engagement and motivation. Conversely, good pay is crucial, but it alone is insufficient for higher job satisfaction or retention.
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In the late 1940s, the Communists under Mao Zedong were defeating the government of China in a civil war. The paper currency issued by the Chinese government was losing much of its value, and most businesses refused to accept it. At the same time, there was a paper shortage in Japan. During these years, Japan was still under military occupation by the United States. Some U.S. troops in Japan realized that they could use dollars to buy up vast amounts of paper currency in China, ship it to Japan to be recycled into paper, and make a substantial profit. Under these circumstances, was the Chinese paper currency a commodity money or a fiat money?
The Chinese paper currency during the late 1940s civil war acted more like a commodity due to its material value as opposed to its intended role as fiat money, which is legal tender by government decree.
In the late 1940s, the Chinese paper currency issued by the Chinese government during the civil war with the Communists was losing value, implying that the currency was not being treated as a strong store of value or medium of exchange. Given the circumstances described, the currency acted more like a commodity that was being repurposed for its material value rather than its value as legal tender. However, theoretically, the Chinese paper currency was meant to be fiat money, as it was government-issued currency that wasn't backed by a physical commodity, such as gold or silver, but rather relied on government decree and the faith of the people in its value.
Fiat money's value comes from the trust and faith that people place in the issuing government, and it is considered legal tender for all debts, public and private, by the government's decree. The situation in China, with U.S. troops buying up the devalued currency and shipping it to Japan to be recycled, shows that in practice, the currency had transitioned from its intended role as fiat money to being used as a commodity due to its loss of purchasing power and acceptance for transactions.
One eoc function is to provide coordinated support to incident command. True or False
Answer:
One eoc function is to provide coordinated support to incident command. - True ( first choice)
What is the term for the total number of units that are purchased at that price?
Answer: Quantity demand
Explanation:
Quantity demand is known to be the amount of goods and services which a consumer desire to purchase and pay for at a specified period of time. A consumer must be willing to buy a product during the time it is needed at a price which he or she can pay for it in the market. Thus, as the price of a good rises, consumer will purchase less and as the price of a good falls, consumer will purchase more of the good.
Corn chips and potato chips are substitutes. Good weather that sharply increases the corn harvest would a. increase consumer surplus in the market for corn chips and decrease producer surplus in the market for potato chips. b. decrease consumer surplus in the market for corn chips and decrease producer surplus in the market for potato chips. c. decrease consumer surplus in the market for corn chips and increase producer surplus in the market for potato chips. d. increase consumer surplus in the market for corn chips and increase producer surplus in the market for potato chips.
Answer: Option(a) is correct.
Explanation:
Corn chips and potato chips, both are substitute goods and thus, affect each others demand by a small changes in various factors.
In this question, a good weather increases the harvesting of corn which increases the supply of corn chips.
This shifts the supply curve rightwards as a result price falls and quantity increases. Hence, this lower price, increases the consumer surplus in the market of corn chips.
This change in the supply of corn chips will affect the demand for potato chips in the potato chips market. So, the demand curve for potato chips shifts leftwards. This shift in the demand curve, reduces the price level and quantity level. Hence, this lowers the producer surplus in the market for potato chips.
Good weather increasing corn harvest leads to a decrease in the price of corn chips, which increases consumer surplus for corn chips. This causes a decrease in demand for its substitute product (potato chips), thus reducing the producer surplus in the potato chips market.
Explanation:The correct answer to the question would be option (a): good weather that sharply increases the corn harvest would increase consumer surplus in the market for corn chips and decrease producer surplus in the market for potato chips. Consumer surplus is the economic gain achieved by consumers when they are able to purchase a product for less than the maximum price they are willing to pay. Producer surplus is the difference between the market price and the minimum price a producer would be willing to sell a product.
When the weather is good and the corn harvest increases, it reduces the cost of production for corn chips. This could lead to a decrease in the price of corn chips, thereby increasing the consumer surplus in the market for corn chips. As consumers buy more corn chips due to lower prices, demand for substitute product - potato chips - may decrease. With lower sales, the producers of potato chips could face a decrease in their surplus.
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_______ are people who take it upon themselves to handle the pain and stressors that are part of everyday life in organizations. Stress handlers Dystress handlers Eustress handlers Scapegoats Toxin handlers
Answer:
The correct option here is toxin handlers.
Explanation:
Toxin handler can be anyone in the organization like a manager, employee or anyone else, they can be founded in any or might be at every level of an organization , these are the people who will listen to an person( he/she can be anyone ) when they burst in the workplace with anger and frustration, these toxin handlers will not only listen but also give advice to that person or help them in solving their problems. Toxin handlers will help others by easing their pain, without even any knowledge to the person who is suffering, they will also help others in getting their confidence back.
The term 'Toxin handlers' refers to individuals who manage stress and pressure amidst heavy workload and job control scenarios within organizations. These individuals are integral to an organization, as they help absorb and manage stress, ultimately promoting a healthier work environment. This eases job strain and can help prevent job burnout.
Explanation:The individuals who are adept at managing the pressures and stressors in an organizational setting are known as Toxin handlers. Stress, which can be seen as the perception and response to events regarded as overwhelming, arises from various occupational stressors like a heavy workload and insufficient job control. The role of toxin handlers is critical in these situations as they help to absorb this anxiety and tension, creating a healthier work environment.
Organizations often have certain roles that are subject to a high degree of stress due to the nature of their work, like postal clerks, supermarket cashiers, or taxi drivers. Such roles frequently involve a high workload coupled with low control formalities, which contribute to job strain. Job strain can lead to chronic occupational stress, linking to job dissatisfaction and job burnout, which is a sense of emotional exhaustion and cynicism towards the job.
Despite this, certain individuals excel in navigating and effectively managing these stress factors. These are the people we refer to as toxin handlers. They are usually at various levels in an organization, where they help manage, absorb, or counter the effects of stressors to maintain balance in the organizational environment.
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Which of the following should a financial manager consider when analyzing a capital budgeting project? I. Project start-up costs. II. Timing of all projected cash flows. III. Dependability of future cash flows. IV. Dollar amount of each projected cash flow. A. I, II, and III only B. II, III, and IV only C. I, II, and IV only D. I, II, III, and IV E. I and IV only
Answer:
Correct option is D. I, II, III, and IV
Explanation:
Whenever a financial manager is to analyse a capital budgeting project, then the following is to be considered:
Start up costs - As this is the initial cash outlay the company has to make for starting the project.
Timing of projected cash flows - This is important to consider as most of the methods IRR, or NPV or discounted payback period considers the time period of cash flows for discounting them.
Dependability of future cash flows - This s important as with respect to probability of occurrence of such cash flows.
Dollar amount of each cash flow - This is considered as this is the value to be discounted or to be considered as it is without discount.
Therefore correct option is D. I, II, III, and IV
Mint Co.'s cash balance in its balance sheet is $1,300,000, of which $300,000 is identified as a compensating balance. Additionally, Mint has classified cash of $250,000 that has been restricted for future expansion plans as "other assets." Which of the following should Mint disclose in notes to its financial statements?Compensating | Restricted | Balance | Cash |A. No | YesB. Yes | YesC. No | NoD. Yes | No
Answer:
Correct option is B Yes and Yes
Yes - Compensating shall be reported, And Restricted shall also be reported.
Explanation:
Compensating balance is the minimum balance to be maintained in the company's bank account as this is used by bank for offsetting loan, and used by company to set up the loan amount.
Restricted balance is a choice made by the company to not use the funds and use it later for company's growth or future projected, but still since it cannot be used it shall also be reported accordingly.
Therefore the company has the need to report such restricted balance also and compensating balance has to be reported as well.
Therefore correct option is B
Yes - Compensating shall be reported, And Restricted shall also be reported.
Bon Nebo Co. sold 25,000 annual subscriptions of Magazine 2018 for $85 during December 2018. These new subscribers will receive monthly issues, beginning in January 2019. In addition, the business had taxable income of $840,000 during the first calendar quarter of 2019. The federal tax rate is 40%. A quarterly tax payment will be made on April 12, 2019. Prepare the Current Liabilities section of the balance sheet for Bon Nebo Co. on March 31, 20Y9.
Answer:
Current liabilities
2,125,000 unarned revenue
336,000 tax payable
2,461,000 total current liability
Explanation:
taxable income x tax-rate = tax payable
840,000 x .4 = 336,000
subscription x value = unearned revenue
25,000 x 85 = 2,125,000 unearned revenue
This amount will decrease over time, as the customers receive their magazines.
Current liabilities
2,125,000 unarned revenue
336,000 tax payable
2,461,000 total current liability
Dominic is the owner of Della Robotics, a business that deals in industrial robots that are mostly sold to the manufacturing industry. The strong point of Dominic's business is that he personally contacts his buyers and takes part in the negotiation process. Moreover, his company customizes the robots. In this scenario, the product manufactured by Della Robotics falls under the category of _____.
Answer:
The product manufactured by Della robotics falls under the category of installation.
Explanation:
Installation is defined as a process through which a machine or a software or any hardware ( industrial robots in this case ) is made ready to be used by the consumer. In this question also, Dominic ( the owner of Delta robotics ) is trying to do same thing as his company is making customized products for their customer , so that they can give best quality of products to their customers according to their needs and by contacting the buyer personally Dominic is trying to offer best service.
The product manufactured by Della robotics falls under the category of installation.
Further explanation:
Installation: Installation process is majorly undertaken for machines and equipments which cannot be used directly. The process of installation includes the process of making any machine or tool ready to be used by the consumer. The company is dealing with making customized products. The robots are mainly sold to the manufacturing industry. The company has an edge as it directly contacts the buyer, and the negotiation is made directly.
The company has targeted the quality of service in order to provide the customer with the required level of service and quality. The company charges all the charges up to installation in the cost of the product itself. It is delivering a complete product instead of only components or accessories. The company is focusing on complete product management via delivering the best technology to the customer. It will help in boosting the revenue of the organization as the product is being designed as per the specific needs of the customers.
The major customer of the company is the manufacturing industry. Installation process helps in making the robots ready for service, thereby reducing the idle time. The effectiveness of the robots is increased when these are being installed by their manufacturing company itself.
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Answer details
Grade: Middle School
Subject: Cost Accounting
Chapter: Product development
Keywords: Dominic, Della Robotics, is the owner of, business that deals in industrial robots, Dominic’s business, personally contacts his buyers, negotiation process, customizes the robots, industrial robots, falls under the category of, in this scenario, mostly sold to the, cost accounting, designing product, product development, making product, robotic technology, installation, operating and maintenance, installation expenses, customized robots.
The journal entry to record direct labor for Department A and Department B would include a. a decrease to Work in Process for each department individually. b. a decrease to Work in Process for both departments summed together. c. a decrease to Wages Payable. d. None of these choices are correct.
Answer:
The journal entry to record direct labor for Department A and Department B would include None of these choices are correct.- d.
Final answer:
The journal entry for recording direct labor in different departments includes an increase to Work in Process for each department individually, with a corresponding increase in Wages Payable or Cash.
Explanation:
The correct answer to the student's question is that the journal entry to record direct labor for Department A and Department B would include an increase to Work in Process for each department individually. Recording direct labor involves allocating the labor costs incurred to the respective departments where the labor was used, and these costs are added to the Work in Process accounts for each department. The Work in Process account represents the costs of incomplete products, and when labor is expended in making these products, the cost needs to be accounted for in this account. Therefore, the journal entry would result in a debit to the Work in Process accounts for each department and a credit to Wages Payable or Cash, depending on whether the labor has been paid for at the time of recording. The correct choice is 'None of these choices are correct' because there is no decrease to Work in Process; rather, there's an increase.
During the current year, Esterhazy, Inc. estimated manufacturing overhead for the year to be $896,000. The company uses direct labor hours to apply manufacturing overhead to Work-in-Process. The budgeted direct labor hours for the current year totaled 80,000 hours and the actual hours worked were 82,000. The actual overhead incurred during the year was $924,000. What is the amount of overapplied or underapplied overhead?
Answer:
Overheads are over-applied by $5,600
Explanation:
Company's expected manufacturing overhead = $896,000
Budgeted labor hours = 80,000 hours
Rate per hour = $896,000/80,000 = $11.2 per labor hour
Actual overheads incurred = $924,000
Actual labor hours = 82,000
Actual rate per hour =$924,000/82,000 = $11.268
Actual overheads at budgeted rate for actual hours = 82,000 X $11.2 = $918,400
Since actual overheads are higher by $924,000 - $918,400 = $5,600
Overheads are over-applied by $5,600
For the budget period ending December 31, 2015, Aaron Corporation estimates its ending balances for cash as $4,000, accounts receivable as $16,000, finished goods inventory as $12,000, and raw materials inventory as $8,000. Raw materials worth $14,000 will be unpaid. Determine the amount of total current assets that will be reported on the budgeted balance sheet.
A. $40,000
B. $20,000
C. $32,000
D. $26,000
Answer:
$40,000
Explanation:
Current assets are liquid assets which can easily be converted into cash within a year and examples are cash, cash equivalents, debtors or account receivables, and inventory ( raw materials, work in progress and finished goods). In this question, we exclude the unpaid raw materials of $14,000 as they are not a current asset but are a current liability.
Therefore: Current assets are Cash balance plus accounts receivable plus finished goods inventory plus raw materials inventory = $4,000 + $16,000 + $12,000 + $8,000 = $40,000
Jonas had a great résumé and a glowing recommendation from his previous employer. Impressed by his qualifications and expertise, Vizion Tech Inc. hired him for the position of quality analyst. However, he engaged in blatant sexual harassment at Vizion after a couple of weeks on the job. During its investigation of the harassment, Vizion Tech learned that Jonas had been fired for sexual harassment at his previous employer. If the management of Vizion Tech wanted to hold Jonas's previous employer accountable, they could sue the company for
Answer: Misrepresentation
Explanation:
Misrepresentation is known to be incorrect information or declaration about someone or something which a company or someone made to another company. The incorrect information thereby brings about a contract between the other company and the person. If the other company finds out about the incorrect information, the contract will be terminated and the company which gave untrue information might be sued for damages.
Thus, Jonas previous employer gave a false recommendation about him to Vizion Tech Inc.
Vizion Tech can sue Jonas's previous employer for negligent referral or negligent misrepresentation for failing to disclose his history of sexual harassment. Employers have a duty to provide accurate information, the breach of which can lead to legal liability if it causes harm to another party.
Explanation:If the management of Vizion Tech wants to hold Jonas's previous employer accountable for not disclosing his history of sexual harassment when providing a recommendation, they could consider suing for negligent referral or negligent misrepresentation. Negligent referral could be claimed if the previous employer failed to disclose critical information about Jonas's behavior that could foreseeably lead to harm in the workplace. Negligent misrepresentation could be applicable if they gave false information about his employment history. Both claims require Vizion Tech to prove that the previous employer owed a duty to provide accurate information, that the duty was breached, and that the breach caused harm to Vizion Tech.
It is essential for employers to maintain a harassment-free workplace, which is supported by various court decisions such as Meritor Savings Bank v. Vinson and Farragher v. City of Boca Raton. Adequate and truthful pre-employment disclosures can help companies in making informed hiring decisions and preventing workplace harassment.
Elite Coffee and Bakery, a café that offers a relaxing environment to enjoy quality coffees, teas, soups, and other menu items, has a poster in the front of its restaurants that reads, "We will always provide a quality product to help our customers better meet the challenges of their day and always take the time to offer caring service one person at a time." This statement is Elite's ______.
Answer:
Mission
Explanation:
The mission is the statement that establishes the main objective of the company and the purposes. Commonly in the mission the businesses include what they expect to being for their consumers. In this case, the mission includes their commitment with the customers and their satisfaction
The Harris State Bank has $2000 in total assets (all of which are earning assets), $500 of which will be repriced in the next 90 days. This bank also has $1600 in total liabilities, $1000 of which will be repriced in 90 days. The bank currently earns 9% on its assets and pays 4% on its liabilities. If interest rates on both assets and liabilities rise by 2% in the next 90 days, what would be this bank's net interest margin?
Answer:
The banks net interest margin would be 8%.
Explanation:
FORMULA FOR NET INTEREST MARGIN =
INTEREST ON ASSETS - INTEREST ON LIABILITY / EARNING ASSET
Here earning asset = $2000
interest on assets = 11% of 500 + 9% of 1500
NOTE* ( it is given in the question that after 90 days assets worth $500 would be repriced and interest rate on it would rise by 2% , which means for $1500 which won't be repriced will give 9% interest rate and $500 would give 9% + 2% = 11% interest rate )
= $55 + $135
= $190
interest on liability = 6% of $1000 + 4% of 600
NOTE* ( it is given in the question that after 90 days liability worth $1000 would be repriced and interest rate on it would rise by 2% , which means for $600 which won't be repriced will give 4% interest rate and $1000 would give 4% + 2% = 6% interest rate )
= $6 + $24
= $30
FORMULA FOR NET INTEREST MARGIN =
INTEREST ON ASSETS - INTEREST ON LIABILITY / EARNING ASSET
= $190 - $30 / $2000
= .8 x 100 ( multiplying by 100 to get answer in percentage )
= 8%
Final answer:
The net interest margin of the Harris State Bank will decrease to 5.3% after considering the 2% interest rate rise on both the $500 of assets and the $1000 of liabilities that are due for repricing in the next 90 days.
Explanation:
The question involves calculating the net interest margin for Harris State Bank after a rise in interest rates on both assets and liabilities. To compute the net interest margin, we must consider the interest the bank earns on its assets and the interest it pays on its liabilities, along with the impact of the repricing that is scheduled to occur in the next 90 days.
Initially, the bank earns 9% on its $2000 of earning assets, which results in $180 of interest income (0.09 ×$2000). It pays 4% on its $1600 of liabilities, which amounts to $64 of interest expense (0.04 ×$1600). This makes the initial net interest income $116 ($180 - $64).
If interest rates rise by 2% for both assets and liabilities, the interest rate on repriced assets will be 11% and 6% on repriced liabilities. However, we only need to calculate the change related to the repriced amounts. The newly repriced assets ($500) will yield an additional $10 of interest (0.02 × $500), while the additional interest on the repriced liabilities ($1000) will cost an extra $20 (0.02 ×$1000). Thus, after the rate change, net interest income will be $106 ($116 + $10 - $20).
The net interest margin is calculated as follows:
Initial net interest margin: $116 / $2000 = 5.8%
Revised net interest margin: $106 / $2000 = 5.3%
Therefore, after the interest rate increase, the bank's net interest margin will decrease to 5.3%.
Alpha Colony and Beta Colony both manufacture textiles and technology. Alpha Colony always produces higher quality textiles and technology with fewer raw materials and in less time than Beta Colony. Which statement would explain the reason why Alpha Colony has an advantage over Beta Colony?
Answer: Alpha Colony has an absolute advantage because it has better production methods and more productive workers.
Explanation:
According to International trade theory, the fact that the Alpha Colony has an absolute advantage over Beta Colony doesn't mean that trade can't exist between.