Answer:
Product costs are.
Explanation:
Often the information needed by internal managers stands in sharp contrast to external reporting requirements promulgated by Generally Accepted Accounting Principles (GAAP).
GAAP requires full costing and management decision making requires incremental information.
According to GAAP, all manufacturing costs must be treated as product costs, and all selling and administrative costs must be treated as period costs.
Material cost + labor costs incurred directly in producing the product + other production or indirect production overhead costs.
If the products are in inventory, the costs are recorded as assets. If they have been sell, the are recorded as costs of goods sold.
Your supervisor has asked you to set up a RAID hard drive array in a tower system, which has a motherboard that uses the B360 chipset. You have installed the required three matching hard drives to hold the array. When you enter BIOS/UEFI to configure the RAID, you cannot find the menus for the RAID configuration. What is most likely the problem?
Answer:
the most likely problem is that the B360 motherboard chipset does not support RAID configurations.
Explanation:
In the context of Information Technology RAID is a way to connect various drives together in order to improve performance, redundancy, or both. Based on the information provided within the question the most likely problem is that the B360 motherboard chipset does not support RAID configurations. Not all motherboard chipsets actually have support for RAID, whether or not they do support it is usually found in the motherboards included manual.
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Answer:
The B360 chipset does not support RAID.
Explanation:
Your supervisor has asked you to set up a RAID hard drive array in a tower system, which has a motherboard that uses the B360 chipset. You have installed the required three matching hard drives to hold the array. When you enter BIOS/UEFI to configure the RAID, you cannot find the menus for the RAID configuration. Therefore, the most likely problem is the B360 chipset does not support RAID.
Sally Smith incurred expenses of $800 in June which she paid in July. She declared these expenses on her June income statement. By doing this she is following the accounting principle of:
Answer:
Accrual
Explanation:
The accounting principle of accrual means that you should register something when the fact that origins the right for the future payment/collecting occurs. It does not matter if the payment is done later, the fact that made you to pay was already done, so we apply accrual and say we already owe that money that we pay later.
In this example, Sally used the principle of accrual for the things in June that she later paid in July... but her expenses were origined in June, so they apply to June.
Sally Smith is adhering to the accrual basis of accounting and the matching principle by declaring June expenses on her June income statement despite paying them in July.
By declaring the expenses of $800 in June which she paid in July on her June income statement, Sally Smith is following the accrual basis of accounting. This approach is in line with the matching principle, one of the core principles of Generally Accepted Accounting Principles (GAAP). The matching principle dictates that expenses should be recognized in the period in which the related revenues are earned, regardless of when the cash transaction occurs.
In Sally's case, she has correctly matched her June expenses with the revenue of the same period to reflect the true financial activity. This practice provides a more accurate picture of Sally's financial performance for that period and is a common standard for financial reporting, especially in public organizations.
The spouse of a brokerage firm employee wants to open a brokerage account so that he can trade individual stocks. If the account is opened at a firm that does not employ her spouse, the employee of the firm is required to:_________
Answer:
obtain the prior written consent of her employing firm in order to open the account.
Explanation:
According to my research on brokerage firm rules and regulations, I can say that based on the information provided within the question the employee of the firm is required to obtain the prior written consent of her employing firm in order to open the account. This is so that both brokerage firms are aware of the situation and make so that there are no conflicting interests or insider information leaking.
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Match each term with the correct definition.
economics
opportunity cost
marginal analysis
utility
a. The next-best thing that must be forgone in order to produce one more unit of a given product.
b. The pleasure, happiness, or satisfaction obtained from consuming a good or service.
c. The social science concerned with how individuals, institutions, and society make optimal (best) choices under conditions of scarcity.
d. Making choices based on comparing marginal benefits with marginal costs.
Answer:
1. Economics - The social science concerned with how individuals, institutions, and society make optimal (best) choices under conditions of scarcity.
2. Opportunity cost - The next-best thing that must be forgone in order to produce one more unit of a given product.
3. Marginal analysis - Making choices based on comparing marginal benefits with marginal costs.
4. Utility - The pleasure, happiness, or satisfaction obtained from consuming a good or service.
When considerable overlap occurred between inflation and recession in the last half of the 1970s and early 1980s, the Fed responded by
A. keeping interest rates high.
B. pursuing a rapid expansion of the monetary base.
C. pushing interest rates down to near zero.
D. adopting a policy of inflation targeting.
Answer:
A. keeping interest rates high.
Explanation:
In the late 1970s. The rate of inflation was very high, exceeding 10% in 1979 and 1980, so the Federal Reserve used tight monetary policy to raise interest rates, with the federal funds rate rising from 5.5% in 1977 to 16.4% in 1981.
Grace is a finance manager at her firm. She wants to make a decision based on the inputs of her group members and their agreement. Which participative leadership style should Grace use?
Answer: Consensus leadership style
Explanation: In the consensus leadership style the leader tries to incorporate every team member in the decision making process. In such leadership style, all the members of the team tries to make a decision that benefits all of them.
In the given case, Grace wants the inputs from all of its team members while making a decision. Hence, she can use consensus leadership style.
Catherine decided to have lunch at tom's, one of the most popular restaurants in town. she ordered soup before her main course as usual. the soup served to catherine contained a maggot floating about in it. she sued tom's for negligence. the most likely result will be:a) Catherine will not win since she did not sustain any damages.b) Catherine will not win, as bones in clam chowder are foreseeable. c) Catherine will win if she proves emotional distress. d) Catherine will win because the restaurant failed to use due care.
Answer:
A
Explanation:
Did she eat it first?, Did she get sick?
To prove negligence, Catherine would need to show that the restaurant failed to use due care, that this failure caused emotional distress, and that the harm was reasonably foreseeable. None of the given options on its own definitely secures a win for Catherine, but rather a combination of proving emotional distress and lack of due care would.
Explanation:In negligence cases, the plaintiff needs to prove that the defendant (in this case, Tom's restaurant) failed to exercise the appropriate level of care, that this failure caused some damage or injury, and that the damage or injury was reasonably foreseeable. Based on this, a) is incorrect because although she didn't sustain physical damages, emotional distress can potentially count as damages, as per option c).
Speaking of c), Catherine will indeed win if she proves emotional distress, but she would also need to prove that finding a maggot in her soup was a foreseeable consequence of the restaurant's negligence. Option b) refers to a different factual scenario (bones in clam chowder), so it's irrelevant in this case. Also, suing for negligence is contingent on proving that the restaurant failed to exercise due care, which is option d). To oversimplify it, negligence = lack of due care.
However, keep in mind that simply finding a maggot in her soup might not categorically prove lack of due care. Therefore, although c) and d) seem to explain aspects of what Catherine needs to do to win a negligence case, neither are complete or necessarily accurate on their own. Therefore, the most likely result isn't definitive based on the options but would be based on a combination of proving emotional distress and lack of due care.
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Businesses across the country are starting to install extra insulation in their buildings and warehouses. Households are now deciding to install more insulation as well. Which of the following outcomes would you predict will happen to the market for oil?a) Equilibrium price and quantity of oil will increase. b) Equilibrium price and quantity of oil will decrease.c) Equilibrium price will decrease and quantity will increase. d) Equilibrium price will increase and quantity will decrease.
Answer:
The answer is: B) Equilibrium price and quantity of oil will decrease.
Explanation:
When a company or a family installs extra insulation in their buildings or homes, then they will end up spending less money on both their electricity and heating bills. That will result in a lower demand for oil, so the price of oil will go down. As oil prices go down, the oil companies will decrease the oil supply until a new equilibrium point is reached.
The increased installation of insulation will lead to a decrease in both the equilibrium price and quantity of oil due to a decrease in demand, represented by a leftward shift in the demand curve. So, option b is correct.
The question concerns the impact of increased insulation in buildings and households on the market for oil. When businesses and households install more insulation, they will require less heating, leading to a decrease in the demand for oil. This decrease in demand is represented by a leftward shift in the demand curve for oil, resulting in a downward movement along the supply curve. The outcome is a decrease in both the equilibrium price and quantity of oil. Therefore, the correct prediction for the outcome on the market for oil, given that businesses and households are installing more insulation, would be option (b) Equilibrium price and quantity of oil will decrease.
Casey Communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. This action had no effect on the company's total assets or operating income. Which of the following effects would occur as a result of this action?a. The company's current ratio increased.b. The company's times interest earned ratio decreased.c. The company's basic earning power ratio increased.d. The company's equity multiplier increased.e. The company's debt ratio increased.
Answer:
The correct answer is a. The company's current ratio increased.
Explanation:
Common shares are the main form of participation in corporate capital, a type of securities.
The terms "with the right to vote" or "ordinary share" are also frequently used to designate common stock. It is called "common" to distinguish it from preferred shares.
If there are two types of shares, common stockholders cannot receive dividends until all preferred stock dividends are paid in full.
In the event of bankruptcy, in addition, investors in common shares receive the remaining funds after all creditors (including employees) are paid, and the holders of preferred shares. Therefore, investors in common stock often receive nothing after bankruptcy. On the other hand, common stock on average has a better performance (higher profitability) than preferred stock or bonds.
The action of Casey Communications using the proceeds from new stock to pay off short-term debt leads to an increased current ratio, which improves the company's liquidity measure.
Explanation:The question is about the financial impacts of debt and equity transactions on a company's financial ratios. Specifically, Casey Communications used the proceeds from issuing new common stock to pay off some of its short-term notes payable. Since the company's total assets or operating income was not affected by this action, we can analyze the effects on different financial ratios.
The correct answer is a. The company's current ratio increased. By paying off short-term debt with proceeds from issuing equity, the company lowers its current liabilities while maintaining its current assets, resulting in an increased current ratio, which is a liquidity measure. The other options are incorrect because the times interest earned ratio would be unaffected with no changes in operating income or interest payments, the basic earning power ratio remains the same absent changes to operating income, the equity multiplier is unaffected as total assets remain constant, and the debt ratio decreases as the overall debt level is reduced.
In a normal costing system, the cost of a job includes
A. actual direct materials, actual direct labor, and estimated (applied) overhead.
B. estimated direct materials, estimated direct labor, and estimated overhead.
C. actual direct materials, actual direct labor, actual overhead, and actual selling cost.
D. actual direct materials, actual direct labor, and actual overhead.
E. None of these. Job-order costing requires the use of actual, not normal, costing.
Answer:
a. actual direct materials, actual direct labor, and estimated (applied) overhead.
Explanation:
The cost will include all the resources that are directly related to the final product that the firm will try to sell.
The correct option is A. actual direct materials, actual direct labor, and estimated (applied) overhead.
In a normal costing system, the cost of a job is composed of the following elements:
1. Actual direct materials: This refers to the actual cost of materials that are used directly in the production of a specific job. These costs are typically traceable to the job and are recorded when the materials are issued from inventory to the production floor.
2. Actual direct labor: This is the actual cost of labor that is directly involved in working on a specific job. Like direct materials, direct labor costs are also traceable to the job and are recorded as the labor is performed.
3. Estimated (applied) overhead: Overhead costs are indirect costs that cannot be easily traced to individual jobs. In a normal costing system, overhead is applied to jobs based on a predetermined overhead rate. This rate is calculated by dividing the estimated total overhead costs for a period by the estimated total allocation base (such as direct labor hours or machine hours) for that same period. The applied overhead is not the actual overhead incurred but rather an estimate to facilitate costing of jobs.
The other options are incorrect for the following reasons:
B. Estimated direct materials and estimated direct labor are not used in a normal costing system. Instead, actual costs are used for direct materials and direct labor.
C. Actual selling costs are not included in the cost of a job in a normal costing system. Selling costs are typically treated as period costs and are expensed in the period in which they are incurred, not allocated to the cost of goods sold or inventory.
D. Actual overhead is not used in a normal costing system. Instead, estimated overhead (applied overhead) is used.
E. Job-order costing can use either actual costing or normal costing. The statement that job-order costing requires the use of actual, not normal, costing is incorrect. Job-order costing can be implemented with a normal costing system, which is common in many manufacturing environments to simplify the process of assigning overhead costs to jobs.
Value-stream mapping
A) starts with the customer and works backwards.
B) examines the supply chain to determine where value is added.
C) is a variation of time-function mapping.
D) extends time function mapping back to the supplier.
E) All of the above are true.
Answer:
E) All of the above are true.
Explanation:
Allen is in the marketing department of a midsize firm that develops and sells communications systems. He is proud of the human resource area in the company that provides the firm with excellent employees. Allen himself really enjoys his work, but he knows the work of HR helps create an operational advantage for the firm because of all the following except
A. the company provides products with a high perceived value.
B. it is easier to communicate with and inspire the customer if the employees believe in what the firm is doing.
C. customers appreciate the kind of service that knowledgeable employees provide.
D. building customer loyalty depends on a committed workforce.
E. employees play a major role in the success of the firm.
Answer: Building customer loyalty depends on a committed workforce
Explanation: The duties of human resource department includes employing suitable individuals for different jobs and maintaining a positive culture within the work place, so that the employees feel comfortable. Also the training of employees and resolution of any conflict is also done by the HR department.
But customer loyalty is done by the marketing department of any organisation as they are responsible for building positive relationships with the existing and potential customers.
Hence, from the above we can conclude that the correct option is D.
An automobile company decides to improve the quality of its products and bring more variety into its entire product line. The company has decided to adopt ________. Focused cost leadership industry-wide differentiation industry-wide cost leadership focused differentiation broad differentiation
Answer:
Industry-wide differentiation
Explanation:
An automobile company decides to improve the quality of its products and bring more variety into its entire product line. The company has decided to adopt industry-wide differentiation.
When direct materials are requisitioned, they flow directly into
a) manufacturing overhead account.
b) work in process inventory account.
c) cost of goods sold account.
d) finished goods inventory account.
Answer:
b) work in process inventory account
explanation:
As the direct materials are requisitioned they flow directly into the work process inventory because direct materials fall under production costs and this is where Labour and overhead transform the direct materials to finished products
The correct option ' When direct materials are requisitioned, they flow directly into' b) work in process inventory account.
When direct materials are requisitioned, they flow directly into the work in process inventory account. Work in process inventory represents the goods that are in the process of being manufactured or assembled but are not yet completed. Direct materials are the raw materials or components that are directly used in the production process.
By recording the direct materials requisition in the work in process inventory account, the company tracks the cost of materials that are being used to create the final product. This helps in accurately calculating the cost of production and determining the value of the work in progress.
Once the product is completed, the cost of the direct materials used will be transferred from the work in process inventory account to the finished goods inventory account. From there, it will eventually be transferred to the cost of goods sold account when the product is sold.
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The principle of comparative advantage indicates that trade is a zero-sum activity. a nation can gain by specializing in the production of the goods it can produce at a low opportunity cost and trade for goods it can produce only at a high cost. comparative advantage applies to nations and not individuals.
Answer: Option (b) is correct.
Explanation:
According to the theory of comparative advantage, a country has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity in terms of other commodity is lower in that country as compared to the other country.
Hence, a country exports the commodity in which it has a comparative advantage and imports the commodity in which it has a comparative disadvantage because the opportunity cost of producing these commodities is higher than the other country.
Rockwell Inc. reported the following results for the year ended June 30, 2016:
Retained earnings, July 1, 2015 $3,900,000
Net income, 714,000
Cash dividends declared, 100,000
Stock dividends declared, 50,000
Prepare a retained earnings statement for the fiscal year ended June 30, 2016. Refer to the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. Enter all amounts as positive numbers. The word "Less" is not required.
Answer:
See attached file
Explanation:
The Retained Earnings Statement is prepared to show changes in the amount of retained earnings over the accountable period. Retained earnings and Stockholders´ contributions are the main accounts in Stockholders´ Equity.
The first ones are profits reserved by the company to invest in future projects rather than distribute as dividends to shareholders, that’s why are calculated as follows:
Retained Earnings Final Balance = Retained Earnings Beginning balance – Dividend in cash – Stock dividend + Net Income – Net loss.
Stock Divided will register as Stockholders´ contributions.
An agonist is:
a. a substance that binds with a neurotransmitter to enhance its effects
b. a substance that blocks a hormone from applying its effect
c. a substance that activates a receptor producing the same effect as
d. a neurotransmitter a substance that prevents a receptor from receiving a hormone
Answer:
Option C
Explanation:
An agonist is a chemical substance that when combined with a receptor activates it and generates the same effect as neuro-transmitter.
The receptor produces a psychological response causing an action.
Unlike antagonist which does not let the affect of the agonist to appear and inverse agonist which performs the reverse function of the agonist, an agonist causes a desired action in response to the receptor.
Lamar is a salesperson for Bi-State Direct. He really appreciates the amount of freedom and authority Bi-State gives its sales people in order to better meet the needs of customers. Lamar's experience suggests that Bi-State practices:A.centralized management.B.fast response theory.C.enfranchisement.D.empowerment.
Answer:
D. Empowerment
Explanation:
Empowerment is defined as "authority or power given to someone to do something" which in this case coincides with the freedom and authority given by Bi-state to its sales people.
A centralized management would control all decisions and only a handful of people would actually make them.
Final answer:
Bi-State Direct practices empowerment by granting its salespeople significant autonomy, allowing for quick decision-making and a heightened sense of responsibility, contrasting with centralized management. Hence, the correct option is D.
Explanation:
Lamar's experience at Bi-State Direct, which gives its salespeople a high degree of freedom and authority to meet customer needs, suggests that the company practices empowerment. Empowerment in business refers to providing employees with autonomy and the capacity to make decisions relevant to their work. Employees who are empowered are given the discretion and resources needed to perform their roles effectively without stringent supervisory constraints or micromanagement. This practice stands in contrast to a centralized management strategy where decision-making power is confined to top-tier management. Instead, leveraging the principles of decentralization, Bi-State Direct seems to value enabling employees to make quick decisions and fostering a sense of ownership and accountability in their roles, which correlates with increased employee motivation and satisfaction.
Phyllis, Inc., earns book net income before tax of $600,000. Phyllis puts into service a depreciable asset this year, and first year tax depreciation exceeds book depreciation by $120,000. Phyllis has recorded no other temporary or permanent book-tax differences. Assuming that the U.S. tax rate is 21%, what is Phyllis's total income tax expense reported on its GAAP financial statements?
a. $252,000b. $210,000c. $168,000d. $42,000
Answer:
b. $210,000
Explanation:
The computation of the total income tax expense is shown below:
= Net income before tax × U.S tax rate
= $600,000 × 21%
= $210,000
As in the question, the net income before tax includes depreciation expense so we do not add it again. That's why we do not consider the depreciation expense in the computation part.
Fishing Adventures rents small fishing boats to tourists for daylong fishing trips. Each boat can only carry 1500 pounds of people and gear for safety reasons. Assume the average weight of a person is 150 pounds. Each group will require 200 lbs of gear for the boat plus 10 lbs of gear for each person. Who want to rent a boat?
Answer:
Who want to rent a boat? 8 person
Explanation:
Carry 1500 pounds
Carry 200 pouns
Average 150 pound /person
Additional10 pounds/person
1500-200=150x +10x
1300=160x
x=1300÷160
x=8,12
8 person Aditional Gear
150 10
8 8
1200 80 200 1480
Q 3.53: During the month of August, Jackson Products recognizes $15,000 in revenues. Jackson's accounting staff records these revenues by entering a $15,000 debit in the firm’s Revenues account and a $15,000 credit in the Accounts Receivable account. What, if any, effect will this entry have on Jackson’s financial statements?
Answer:
This journal entry is incorrectly recorded making the company's net income decrease in its income statement, retained earnings are decreased in its retained earnings statement, and its assets (receivable account) and the equity of its shareholders both decrease in your balance sheet
Explanation:
The right Journal entry is:
D Account receivable 15000
C Revenue 15000
If a defendant seeks to throw out evidence obtained by law enforcement officers during a search and seizure, and interrogation, or an identification procedure, this motion is hearing in a motion called a(n) ____________ hearing.
a) pretrial
b) appellate
c) suppression
d) habeas corpus
Answer:
c) suppression
Explanation:
Suppression describe the lawful or unlawful act of preventing evidence from being shown in a trial.
When an employee misappropriates case by diverting a payment from one customer for their own use, and then hides the defalcation by diverting cash receipts from another customer to offset the receivable from the first customer, the scheme is called _________________.
Answer:
Lapping scheme
Explanation:
Lapping scheme -
It is a fraud practice , which involves the alteration of the accounts received to hide or cover the stolen payments .
This method involve taking the subsequent receivable payments and using them to cover the theft .
And the next receivable is only applied when the previous is unpaid receivable .
Determine the size of the M1 money supply using the following information. Currency $700 billion money market mutual funds $2000 billion demand deposits $300 billion other checkable deposits $300 billion traveler's checks $10 billion. $1,310 billion $3,310 billion 1,410 billion $1,010 billion
Answer:
M1 is $1,310 billion
Explanation:
I'm rephrasing the question so the informations is clearer:
Determine the size of the M1 money supply using the following information:
Currency $700 billion money market mutual funds $2000 billiondemand deposits $300 billion other checkable deposits $300 billiontraveler's checks $10 billionOptions:
$1,310 billion$3,310 billion$1,410 billion$1,010 billionMoney market mutual funds are not part of M1 so:
Currency $700 billion+demand deposits $300 billion+other checkable deposits $300 billion+traveler's checks $10 billion=$1310 billion M1
What does the phrase limited liability mean in a corporate context? (Select all the choices that apply.)
A.Owners' liability is limited to the amount they invested in the firm.
B.Stockholders are not responsible for any encumbrances of the firm; in particular, they cannot be required to pay back any debts incurred by the firm.
C.Owners' liability is limited to fifty percent of the amount they invested in the firm.
D.Stockholders are not responsible for any encumbrances of the firm beyond fifty percent of the amount they invested in the firm; in particular, they cannot be required to pay back any debts incurred by the firm.
Answer: Option A and B.
Explanation: Limited liability concept originates from the concept of separate legal entity. As per separate legal entity the owner of the company and the company itself are two different entities.
Thus,in case of any default or liquidation of the company, owner will be liable to pay only to the extent of his investment in the company. The personal assets of the owner could not be taken into consideration for the purpose of repayment.
Hence, from the above we can conclude that the correct option is A and B.
Outdoor Experiences, Inc. sells a tent that collapses down into a roll that is as big as a roll of toilet paper. The tent can be easily carried in a backpack. The tent has been in the market for two years, and the compnay is spending a lot on advertising to stimulate selective demand. The tent is in which stage of the product life cycle?
Answer:
The answer is: Growth stage
Explanation:
A product´s life cycle is usually divided into four stages:
introduction: the product enters the market, usually a substantial investment on marketing is neededgrowth: if the product "survived" and started to sell then actions are necessary to make its demand and production grow. Usually a lot of spending in advertising is required at this stage. maturity: Costs of marketing and production decline while the sales levels reach a maximum level.decline: product´s sales and market share start to declineThe collapsible tent would be entering stage two of the product cycle.
A factorial experiment
- yields data that are analyzed by the statistical technique of factor analysis.
- includes only measures that constitute ratio scales.
- has more than one independent variable.
- cannot be used to study interaction effects involving two independent variables.
Answer: has more than one independent variable.
Explanation: Factorial experiments involve simultaneously more than one factor each at two or more levels. Several factors affect simultaneously the characteristic under study in factorial experiments and the experimenter is interested in the main effects and the interaction effects among different factors.
When economists use the term "correlation," they are referring to cause and effect relationships between:
variables.
normative economics.
how two variables move together in a predictable way.
positive economics.
economic policy.
Answer:
how two variables move together in a predictable way.
Explanation:
Correlation is a statistical technique which tells us how strongly the pair of variables are linearly related. Correlation does not imply causation.
Final answer:
When economists speak of "correlation," they mean a statistical relationship between two variables, indicating how one changes as the other does. It does not, however, automatically signify a cause-and-effect relationship, which is referred to as causality. Regression analysis is often employed to explore these causal relationships more deeply.
Explanation:
When economists use the term "correlation," they refer to the statistical measure that captures how two variables move together. This concept implies that when two variables are correlated, one variable changes as the other does. However, correlation does not inherently indicate a cause-and-effect relationship, which is known as "causality." Whereas causality involves identifying if and how one variable produces an effect in another, correlation simply suggests that there is a mutual relationship in the movement or changes of the variables, which can be measured by the correlation coefficient.
Sometimes, correlations exist due to the influence of a third variable or a coincidental relationship, rather than a direct causal link. For instance, correlational research might reveal a pattern between the consumption of ice cream and crime rates. Still, this does not establish that ice cream consumption causes crime, as there may be underlying factors influencing both variables, such as warmer weather leading to more people being outside and thus, a higher likelihood of crime.
To examine causal relationships, economists often use regression analysis, which assesses the impact of one or more independent variables on a dependent variable while controlling for other variables. This technique helps clarify whether a consistent change in an independent variable will bring about a change in the dependent variable, implying a potential causal connection.
Dylan Industries employs 50 workers. Blue collar workers are paid $600 per week, and white collar workers are paid $1000 per week. Dylan's weekly payroll is $42,000. Dylan has _______ white collar employees.
Answer:
30
Explanation:
Provided that there are two categories of workers:
Blue Collar and white collar
Rate of blue collar = $600 per week
Rate of white collar = $1,000 per week
Total workers = 50
Let us assume that blue collar workers = y
Then,
y [tex]\times[/tex] $600 + (50 - y) [tex]\times[/tex] $1,000 = $42,000
600y + $50,000 - 1,000y = $42,000
$50,000 - $42,000 = 1,000y - 600y
$8,000 = 400y
$8,000/400 = y
20 = y
That means 20 blue collar workers
White collar workers = 50 - y = 50 - 20 = 30
Suppose Maria prefers to buy a bond with a 7% expected return and 2% standard deviation of its expected return, while Jennifer prefers to buy a bond with a 4% expected return and 1% standard deviation of its expected return.Can you tell if Maria is more or less risk-averse than Jennifer?
Answer:
Maria is more risk-averse
Explanation:
By nature this question can be seeing as a coutien between the risk (standard deviation) and return so let's check the following formula:
Return per risk unit= return/standard deviation
So applying that formula to this particular case we have:
Maria's case=0.07/0.02
Maria's case=3.5
Jennifer's case=0.04/0.01
Jennifer's case=4
So the conclusion here is that even Maria has a higher standard deviation her risk per return is less than jennifer