Answer: the correct answer is marketing research and information systems .
Explanation: Marketing research is "the process or set of processes that links the producers, customers, and end users to the marketer through information used to identify and explain marketing opportunities and problems; generate, refine, and evaluate marketing actions; monitor marketing performance; and improve understanding of the market in general.
An information system is the information and communication technology (ICT) that a company or organization can use, and also the way in which people interact with this technology in support of business processes. Some authors make a clear distinction between information systems, computer systems, and business processes.
Increased demand for product A increases the demand for resources used to produce product A. What is the best explanation for the increase in the demand for resources?A. The theory of derived demand is working.B. Product A is in an expanding industry.C. The theory of the "invisible hand" is working.D. The demand for product A is highly elastic.
Answer:
A. The theory of derived demand is working
Explanation:
The derived demand is the increase in the demand of a certain good explaing it through another good.
It means the derived good is acquire for the prupose of being use to produce the second good.
This sucess on raw materials of certain goods.
Auerbach Inc. issued 4% bonds on October 1, 2018. The bonds have a maturity date of September 30, 2028 and a face value of $325 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2019. The effective interest rate established by the market was 6%. Assuming that Auerbach issued the bonds for $276,649,555, what interest expense would it recognize in its 2018 income statement? (Do not round intermediate calculations and round final answer to nearest whole dollar.)
Answer: Interest expense = $1,383,248
Explanation:
Given :
Issue price of the bond = $276,649,555
Coupon rate = 4%
Effective interest rate = 6%
Semi annual effective interest rate = [tex]6\times\frac{4}{12}[/tex] = 2%
Time period will be 3 months (October 1, 2018 - December 31, 2018)
We will compute the interest expense that will be recognized in 2018 income statement as :
Interest expense = Issue price [tex]\times[/tex] Semi annual effective interest rate [tex]\times[/tex] Time period
Interest expense = $276,649,555 [tex]\times[/tex] 2% [tex]\times[/tex][tex]\frac{3}{12}[/tex]
Interest expense = $1,383,248
Elbert Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $25,220 in the first quarter, and $5,190 increments are expected in the remaining quarters of 2017. Fixed expenses are expected to be $40,680 in each quarter. Prepare the selling and administrative expense budget by quarters and in total for 2017.
Answer:
Explanation:
Variable Expense : The variable expense is that expense which is change when production level changes. Example - Direct material, labor , overhead, etc.
Fixed Expense : The fixed expense remains the same whether production level increase or decrease. Example - Rent, depreciation, etc.
As in the given equation, the fixed expense remain same in all four quarters. But the variable expenses changes.
In first quarter, it is $25,220 after that it increase by $5190 for respective quarters
The calculation is given in attachment with formulas and computation.
The display is given below:
Final answer:
Elbert Company's selling and administrative expense budget for 2017 includes variable expenses that start at $25,220 in Q1 and increase by $5,190 per quarter, reaching $40,790 in Q4. Fixed expenses are consistent at $40,680 each quarter. The total budget for the year is $294,740, with $132,020 in variable expenses and $162,720 in fixed expenses.
Explanation:
Preparing the Selling and Administrative Expense Budget for Elbert Company
The task is to create a selling and administrative expense budget for Elbert Company for the year 2017. The company's expenses are classified into variable and fixed components. Variable expenses start at $25,220 for the first quarter and increase by $5,190 each subsequent quarter. Fixed expenses are constant at $40,680 each quarter.
Determine the quarterly variable expenses:
Q1: $25,220
Q2: $25,220 + $5,190 = $30,410
Q3: $30,410 + $5,190 = $35,600
Q4: $35,600 + $5,190 = $40,790
Determine the total variable expenses for the year by adding all quarters: $25,220 + $30,410 + $35,600 + $40,790 = $132,020.
Add the fixed expenses for each quarter ($40,680) to get the total fixed expenses for the year: $40,680 x 4 = $162,720.
Combine the total variable and fixed expenses to get the total selling and administrative expense budget for the year: $132,020 (variable) + $162,720 (fixed) = $294,740.
The complete selling and administrative expense budget for Elbert Company for 2017 is $294,740, with $132,020 in variable expenses and $162,720 in fixed expenses.
What is inventory turnover? Explain the effect of a high inventory turnover during the Christmas shopping season.
Answer:
[tex]\frac{Sales}{Average Inventory} = $Inventory Turnover[/tex]
where:
[tex]$$Average Inventory=(Beginning Inventory + Ending Inventory)/2[/tex]
The inventory turnover represent how many times the company sales their inventory during the year or period of analysis.
A high inventory turnover during Christmas shopping seasons mean sales are higher. The inventory in the store is sold more times during this time.
Inventory turnover is a financial ratio that measures the number of times a company sells and replaces its inventory during a specific period. A high inventory turnover during the Christmas shopping season indicates efficient sales and can bring several benefits to the company.
Explanation:Inventory turnover is a financial ratio that measures the number of times a company sells and replaces its inventory during a specific period. It is calculated by dividing the cost of goods sold (COGS) by the average inventory. A high inventory turnover during the Christmas shopping season means that a company is selling its inventory quickly, which indicates efficient sales. This can be beneficial as it reduces holding costs, minimizes the risk of obsolete inventory, and generates cash flow to reinvest in new inventory or other business activities.
Learn more about Inventory turnover here:https://brainly.com/question/30331199
#SPJ6
What does 'charge-off as bad debt' mean?
Answer: Charge off as bad debt means that the remaining amount is considers as a bad debt but it doesn't mean that you no longer owe to the amount that is not being repaid.
Explanation:
The expression "charge off" implies that the original lender has given up on being repaid by the original terms of the credit. It believes the rest of the balance to be bad debt, yet that doesn't mean you never again owe the sum that has not been repaid.
After a record is charged off by the original creditor it is typically sent to an accumulation organization. The collection agency will at that point taking an attempt to recover the rest of of the amount with additional interest and fees.
Batista Company management wants to maintain a minimum monthly cash balance of $19,100. At the beginning of April, the cash balance is $22,700, expected cash receipts for April are $245,800, and cash disbursements are expected to be $257,700. How much cash, if any, must be borrowed to maintain the desired minimum monthly balance? Amount to be borrowed to maintain the desired minimum monthly balance
Answer:
The cash, if any, must be borrowed to maintain the desired minimum monthly balance is $19,100 (given in the question) and the borrowed amount to maintain the desired minimum monthly balance is $9,000.
Explanation:
The steps for computing the borrowed amount to maintain the desired minimum monthly balance is shown below:
Step 1 : Write Beginning Cash balance
Step 2 : Add Cash receipts
Step 3 : Less Cash disbursements
Step 4 : After cash disbursements is calculated
Step 5: Write minimum monthly cash balance
Step 6: Now, deduct Step 4 amount by Step 5 amount to calculate borrowed amount.
So,
After Cash disbursement = Beginning Cash balance + Cash receipts - Cash disbursements
= $22,700 + $245,800 - $257,700
= $10,800
The cash, if any, must be borrowed to maintain the desired minimum monthly balance is $19,100 (given in the question)
And, the borrowed amount to maintain the desired minimum monthly balance = Monthly cash balance - After cash disbursements
= $19,100 - $10,800
= $9,000
Thus, the cash, if any, must be borrowed to maintain the desired minimum monthly balance is $19,100 (given in the question) and the borrowed amount to maintain the desired minimum monthly balance is $9,000.
Which of the following are advantages of short-term financing (as compared to long-term financing)?
Loans can be obtained faster.
The interest rate on borrowed funds is generally lower.
Interest costs are relatively stable over time.
Answers a. and b. are both correct.
Answers a., b., and c. are all correct.
Answer:
Answers a. and b. are both correct which shows the advantages of short-term financing (as compared to long-term financing).
Explanation:
The short term financing have includes less compliance, less interest rate, contain lesser amount, speedy transactions ,and lesser time period whereas the long term financing includes more compliance, large amounts, large time period.
Thus, a. and b. are both correct which shows the advantages of short-term financing (as compared to long-term financing)
The advantages of short-term financing compared to long-term financing are faster access to loans, lower interest rates, and stable interest costs over time.
Explanation:The advantages of short-term financing compared to long-term financing are:
Loans can be obtained faster: Short-term financing options such as lines of credit or credit cards can be approved and accessed quickly, allowing businesses to address immediate financial needs.The interest rate on borrowed funds is generally lower: Short-term financing typically comes with lower interest rates compared to long-term financing options such as loans or mortgages. This can save businesses money on interest costs.Interest costs are relatively stable over time: Since short-term financing is typically repaid within a year or less, the interest costs remain relatively stable. This allows businesses to budget and plan their finances more effectively.Dalian Company provides the following information: Price per unit: $20 Variable cost per unit: $8 Fixed costs per month: $15,000 What is the breakeven point in sales dollars? $22,750 $25,000 $18,500 $37,500
Answer:
$25,000
Explanation:
Break even point in dollars = [tex]\frac{Fixed cost}{Contribution Margin}[/tex]
Here contribution margin = Sales - Variable cost = $20- $8 = $12
Contribution margin ratio = $12/$20 = 60%
Break even point in dollars = $15,000/60% = $25,000
Else it can be calculated by using contribution per unit as follows:
BEP = $15,000/$12 = 1,250 units
Value of 1,250 units $20 X 1250 = $25,000
Break Even Point in Sales Dollar = $25,000
Cemex, the largest cement producer in Mexico: a) is an insignificant competitor outside its home market. b) has only expanded into Spanish-speaking markets. c) generates about half of its income from outside Mexico. d) was eventually acquired by Holder Bank of Switzerland after Holder Bank entered the Mexican market.
Answer:
The correct answer is C. Cemex, the largest cement producer in Mexico, generates about half of its income from outside Mexico.
Explanation:
CEMEX is an international company for the construction industry, which offers products and services to clients and communities in more than 50 countries around the world. The Mexican company holds the third place in world sales of cement and is the main producer of ready-mix concrete, with a production capacity of approximately 77 million tons per year, serving the markets of America, Europe, Asia, Africa and the Middle East. 50% of the company's sales come from its operations in Mexico, 25% of its plants in the United States, 15% from Spain, and the rest from its plants in other parts of the world.
Boise, a division of Price Enterprises, currently performs computer services for various departments of the firm. One of the services has created a number of operating problems, and management is exploring whether to outsource the service to a consultant. Traceable variable and fixed operating costs total $80,000 and $25,000, respectively, in addition to $18,000 of corporate administrative overhead allocated from Price. If Boise were to use the outside consultant, fixed operating costs would be reduced by 70%. The irrelevant costs in Boise’s outsourcing decision total
Answer: The irrelevant costs in Boise’s outsourcing decision is $25500
Explanation:
Given :
Traceable variable costs = $80,000
Fixed operating costs = $25,000
If Boise were to use the outside consultant, fixed operating costs would be reduced by 70%.
Now,
Irrelevant costs in Boise’s outsourcing decision = Additional corporate administrative cost + 30% reduction in traceable cost
Irrelevant costs in Boise’s outsourcing decision = $ 18000 + (30% of $25000)
Irrelevant costs in Boise’s outsourcing decision = $ 25500
Millburn Corporation has acquired a property that included both land and a building for $510,000. The corporation hired an appraiser who has determined that the market value of the land is $320,000 and that of the building is $440,000. At what amount should the corporation record the cost of land? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
Answer: $2,14,200
Explanation:
The total market value of the land and building = 3,20,000 + 4,40,000
=$7,60,000
Now, we have calculated the percentage of land involved in the total market value are as follows:
= \frac{320000}{760000} × 100
= 42%
Now,
the value of land = 42% of $5,10,000
= $2,14,200
This is the amount that corporation should record the cost of land.
Garfield Corporation is considering building a new plant in Canada. It predicts sales at the new plant to be 50,000 units at $5.00/unit. Below is a listing of estimated expenses. Category Total Annual Expenses % of Annual Expense that are Fixed Materials $50,000 10% Labor $90,000 20% Overhead $40,000 30% Marketing/Admin $20,000 50% A Canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. No U.S. home office expenses will be allocated to the new facility. The contribution margin ratio for Garfield Corporation is
Answer:
Contribution Margin Ratio = 0.33
Explanation:
Our first goal:
Calculate the Contribution margin:
[tex]\frac{Contribution Margin}{Sales Revenue} = $Contribution Margin Ratio[/tex]
Sales 50,000 * 5$ = 250,000
Variable Expenses
Materials 50,000 (1-10%) = 45,000
Labor 90,000 (1-20%) = 72,000
Overhead 40,000 (1-30%) = 28,000
M&Admin 20,000 (1-50%) = 10,000
Sales Commision 250,000 5% =12,500
Total Variable Cost = 167,500
Contribution Margin 250,000-167,500 = 82,500
Notice in your table you have the percent of fixed cost per line, so the rest is variable cost.
Now we calculate the CM ratio
[tex]\frac{82,500}{250,000} = 0.33[/tex]
The question involves calculating the contribution margin ratio for Garfield Corporation. To find this, subtract the variable costs from the sales revenue and divide by total sales, yielding a contribution margin ratio of 72% for the new plant.
Explanation:The student is asking about calculating the contribution margin ratio for Garfield Corporation, which is considering building a new plant in Canada. The contribution margin ratio is calculated by subtracting the variable costs from sales and dividing the result by total sales revenue. To begin with, we need to assess the sales revenue which is 50,000 units at $5.00/unit, resulting in $250,000 in total sales. Next, we calculate the variable costs, starting with the materials (10% of $50,000), labor (20% of $90,000), overhead (30% of $40,000), marketing/admin (50% of $20,000), and the sales commission which is 10% of total sales.
Total Variable Costs = (10% of $50,000) + (20% of $90,000) + (30% of $40,000) + (50% of $20,000) + (10% of $250,000 sales).
Total Variable Costs = $5,000 + $18,000 + $12,000 + $10,000 + $25,000.
Total Variable Costs = $70,000.
The contribution margin is thus $250,000 - $70,000 = $180,000, and the contribution margin ratio is $180,000 / $250,000 = 0.72 or 72%.
Bartoletti Fabrication Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs) at $9.70 per MH. The company had budgeted its fixed manufacturing overhead cost at $69,000 for the month. During the month, the actual total variable manufacturing overhead was $66,710 and the actual total fixed manufacturing overhead was $74,000. The actual level of activity for the period was 6,400 MHs. What was the total of the variable overhead rate and fixed manufacturing overhead budget variances for the month?
The total of the fixed manufacturing overhead budget variance and variable overhead rate variance for Bartoletti Fabrication Corporation is -$9,630, indicating unfavorable variances in both categories.
Understanding Variance Analysis
In the context of Bartoletti Fabrication Corporation, variance analysis involves comparing the standard costs to actual costs and calculating the differences or variances. These variances can be categorized into fixed manufacturing overhead budget variance and variable overhead rate variance. To compute these:
The fixed overhead budget variance is the difference between the budgeted fixed overhead and the actual fixed overhead. In this case: $69,000 (budgeted) - $74,000 (actual) = -$5,000 (unfavorable).
The variable overhead rate variance is calculated by comparing the standard cost allocated using machine hours to the actual variable overhead costs. The standard variable overhead cost would be the actual machine hours (6,400 MHs) times the standard rate ($9.70 per MH), which equals $62,080. So the variance is: $62,080 (standard) - $66,710 (actual) = -$4,630 (unfavorable).
The total of the fixed overhead budget variance and variable overhead rate variance is: -$5,000 (fixed) - $4,630 (variable) = -$9,630 (total variance).
The total of the variable overhead rate and fixed manufacturing overhead budget variances can be calculated by determining the variable overhead rate variance and the fixed manufacturing overhead budget variance.
Total variable overhead rate is calculated by dividing the actual variable manufacturing overhead by the actual machine-hours. This gives $66,710 / 6,400 MHs = $10.42 per MH. The variable overhead rate variance can be calculated as ($10.42 - $9.70) x 6,400 MHs = $465.60 favorable. The fixed manufacturing overhead budget variance is calculated as the difference between the actual fixed cost and the budgeted fixed cost, resulting in $74,000 - $69,000 = $5,000 unfavorable.
Sophia is a manager at a clothing store. Her superiors want to promote her because she is hardworking and responsible. They do not feel the need to constantly check on the store because they know that she is thorough with her work. In the context of personalities, Sophia can be described as being _____.
Answer: Conscientious
Explanation: As per the literal meaning Conscientious means careful. A conscientious employee will be the one who is capable as well as willing to do his or her job respectively.
As per the given case Sophia is well trusted by her employers and is considered as a hardworking and responsible employee. So we can conclude that she is described as Conscientious.
Cost standards for one unit of product no. C77: Direct material 3 pounds at $2.50 per pound $ 7.50 Direct labor 6 hours at $7.30 per hour 43.80 Actual results: Units produced 6,800 units Direct material purchased 26,800 pounds at $2.70 $ 72,360 Direct material used 20,100 pounds at $2.70 54,270 Direct labor 41,300 hours at $7.10 293,230 Assume that the company computes variances at the earliest point in time. The standard hours allowed for the work performed are _________.
Answer:
The standard hours allowed for the work performed are 40,800
Explanation:
In the question we have been told to assume that the company computes variance at the earliest point of time, so it is important to understand what it actually means. When a company is comparing the budgeted amounts that it has set earlier with the actual amounts that have come, this process is called variance, and a company can only do this when the actual amounts have been completed.
For taking out the standard hours allowed we will multiply the total units produced by the set the direct labor hours,
6,800 x 6 = 40,800 dlh,
so therefore the standard hours allowed are 40,800.
Bond Valuation with Semi-Annual Payments: Renfro Rentals has issued bonds that have a 10% coupon rate, payable semiannually. The bonds mature in 8 years, have a face value of $1,000, and a yield to maturity of 8.5%. What is the price of the bonds?
Answer:
The current Price of the bond will be 1,006.20
Explanation:
We have to calculate the present value of the bonds cash flows at a 8.5% rate
Present value ofthe interest service:
[tex]C * \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]
[tex]100 * \frac{1-(1+.085)^{-10} }{0.085} = PV\\[/tex]
PV = $563.9183
Present Value of the principal
[tex]\frac{Principal}{(1 + rate)^{time} } = PV[/tex]
[tex]\frac{1,000}{(1 + 0.85)^{10} } = PV[/tex]
PV = $422.2854
Now we sum both concepts
422.2854 + 563.9183 = 1006.2037 = 1,006.20
Final answer:
To calculate the price of bonds with semi-annual payments, determine the semi-annual interest payment, find the present value of all cash flows, and discount them using the yield to maturity.
Explanation:
Bond Valuation Calculation:
Calculate the semi-annual interest payment: $1,000 face value * 10% coupon rate / 2 = $50Calculate the present value of the bond's total cash flows: $50 semi-annual payments for 16 periods and the $1,000 face value at the endDiscount these cash flows using the yield to maturity of 8.5% and sum them to find the price of the bondsMolander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month’s budget appear below: Selling price per unit $ 27 Variable expense per unit $ 13 Fixed expense per month $ 12,460 Unit sales per month 1,040 Required: 1. What is the company’s margin of safety?
Answer:
Margin of safety in units 1040 - 890 = 150
Margin of safety in dollars 28,080 - 24,030 = 4050
Margin of safety as % of sales 4050 / 28,080 = 14.4231%
Explanation:
[tex]Sales \: Revenue - Variable \: Cost = Contribution \: Margin[/tex]
27 - 13 = 14
[tex]\frac{Fixed\:Cost}{Contribution \:Margin} = Break\: Even\: Point_{units}[/tex]
12460 / 14 = 890
[tex]BEP_{units} \times unit \: sales \: price = BEP_{dolars}[/tex]
890 * 27 = 24,030
[tex]units sold \times unit \: sales \: price = Sales Revenue[/tex]
1,040 * 27 = 28,080
[tex]units \:sold - BEP_{units[/tex]
Margin of safety in units 1040 - 890 = 150
[tex]current \:sales - BEP_{USD}[/tex]
Margin of safety in dollars 28,080 - 24,030 = 4050
[tex]\frac{current \:sales - BEP_{USD}}{current \:sales} \times 100 = margin \: of \: safety[/tex]
Margin of safety as % of sales 4050 / 28,080 = 14.4231%
The margin of safety for Molander Corporation is 85.32%.
Explanation:To calculate the margin of safety for Molander Corporation, we need to find the difference between the budgeted sales and the breakeven sales. The breakeven sales can be calculated by dividing the fixed expenses by the contribution margin ratio, where the contribution margin ratio is the difference between the selling price per unit and the variable expense per unit divided by the selling price per unit. In this case, the fixed expenses are $12,460 and the contribution margin ratio is $27 - $13 / $27 = 0.5185. Therefore, the breakeven sales are $12,460 / 0.5185 = $24,008.86.
The margin of safety is then calculated by subtracting the breakeven sales from the budgeted sales and dividing the result by the budgeted sales. In this case, the budgeted sales are 1,040 units * $27 = $28,080. The margin of safety is ($28,080 - $24,008.86) / $28,080 = 0.8532, or 85.32%.
Name a product that you regularly purchase from a firm that operates in an oligopolistic industry. Explain why the product and firm fit the model of oligopoly. Think about the TV commercials and/or print advertisements that you’ve seen from this industry: What interdependence have you noticed between the firm you selected and its rivals in terms of product differentiation, price leadership, or price competition? Explain your answer.
Explanation:
First of all we need to know the concept of Oligopoly Market. An Oligopoly Market is a firm structure in which many firms are present in the same industry but only few or one or two firms dominate.
So I will take example of Khaadi, which is a brand in Pakistan in the textile industry. There are a lot of other textile companies in there but Khaadi contributes the highest share in the market. The reason that Khaadi fits into the Oligopoly Market structure is its market share and the differentiated products in terms of stitching and sewing. Hand made products of Khaadi gives it an edge.
There are many ads of Khaadi being on aired on the television and the print media. There are a lot of billboards and hoardings of models wearing Khaadi's brand.
The interdependence between Khaadi and other rival firms is, they have both stitched and unstitched variety of fabric, Price range for all the competing firms are almost same but Khaadi has always an edge of being the provider of hand made fabric.
Final answer:
Smartphones, such as those by Apple and Samsung, exemplify an oligopoly due to the control of market share by a few large firms, high barriers to entry, and interdependent pricing and output decisions. They engage in product differentiation and strategic marketing influenced by the actions of their competitors.
Explanation:
A product that demonstrates the oligopolistic market structure is a smartphone, such as those produced by Apple or Samsung. These companies operate in the oligopolistic industry of mobile devices, where a small number of large firms dominate the market share. This industry fits an oligopoly model because there are high barriers to entry, significant market power is concentrated among the few, and there's mutual interdependence in decision-making regarding pricing, output, and marketing strategies.
Oligopolies manifest product differentiation and non-price competition, as seen in the fierce marketing between Apple and Samsung. They use advertising to create distinct brand images and highlight unique features of their products. There can also be instances of price leadership where, for example, if one company introduces a pricing strategy, the other may follow to maintain competitive balance. In the realm of smartphones, this could manifest through similar pricing tiers for flagship models or matching prices for trade-in deals and promotions.
Within the industry, companies are aware of their rivals' actions, leading to strategic business decisions. For example, when Samsung releases a new smartphone with advanced features, Apple must consider this in its product development and marketing strategies. These actions demonstrate the industry's characteristic interdependence, as each firm's strategies are influenced by the others'.
Residual income is: A. income beyond the breakeven point determined by the product's lifecycle. B. a percentage of income received by an organization for its participation in a joint venture. C. excess income earned after budgeted income has been achieved. D. the excess of investment center income over the minimum return set by management.
Answer:
The correct option is d) the excess of investment center income over the minimum return set by management
Explanation:
Residual Income is the total amount of net income a firm generates which is in excess of the minimum required rate of return set by the firm and all the cost of capital which was used by the firm in generating the income has been paid off . Residual income is generally used to assess the performance of a business unit or department and even in the capital investment made by the firm.
Johnny has 15 toys with a total value of $125. If some of Johnny's toys are worth $5 and the others are worth $10, how many toys does Johnny have that are worth $5?
Answer:
5TOYS ARE WORTH 15
10TOYS ARE WORTH 5
Explanation:
We have to set up the equation system
we know that both kind of toys total 15 and their monetary value is 225
[tex]x + y = 15 \\ 15x + 5y = 125[/tex]
then we clear y in the first equation and replace it in the second equation
[tex]y = 15 - x \\ 15x + 5(15 - x) = 125[/tex]
we solve for x in the second:
[tex]15x - 5x = 125 -5 \times 15 \\x = 50 \div 10 = 5[/tex]
Next we solve for y in the first equation
[tex]y = 15 - x= 15 - 5 = 10[/tex]
Which of the following is not a characteristic of monopolistic competition? Firms are price takers. There are many buyers and sellers. Barriers to entry are low.
Answer:
1) Companies are price takers. It is not a characteristic of monopolistic competition.
Explanation: In monopolistic competition, the products offered are characterized by differentiation and this differentiation gives companies market power, to be able to decide when setting their prices and not be price takers.
At August 31, Coffman Company has this bank information: cash balance per bank $6,450; outstanding checks $2,762; deposits in transit $1,700; and a bank service charge $20. Determine the adjusted cash balance per bank at August 31, 2018.
Answer:
The adjusted cash balance per bank at August 31, 2018 is $5,388
Explanation:
Given that,
Cash balance per bank - $6,450
Outstanding checks - $2,762
Deposits in transit - $1,700
Bank service charge - $20
By using this above information, we can calculate the adjusted cash balance per bank which is shown below.
Cash balance per bank - $6,450
Add: Deposits in transit - $1,700
Less : Outstanding checks - $2,762
Adjusted cash balance per bank - $5,388
Thus, The adjusted cash balance per bank at August 31, 2018 is $5,388
Note: The deposit would increase the cash balance so it would be added whereas the outstanding check ( not cleared) would decrease the cash balance so it would be deducted
Final answer:
The adjusted cash balance per bank for Coffman Company on August 31, 2018, is $5,368, after accounting for outstanding checks, deposits in transit, and bank service charges.
Explanation:
To determine the adjusted cash balance per bank, we need to make adjustments to the cash balance per bank statement by accounting for outstanding checks and deposits in transit, as well as subtracting any bank service charges.
The calculation is as follows:
Start with the cash balance per bank: $6,450.Subtract the amount of outstanding checks: $2,762.Add the amount of deposits in transit: $1,700.Subtract any bank service charges: $20.Therefore, the adjusted cash balance per bank at August 31, 2018, is calculated like this:
$6,450 - $2,762 + $1,700 - $20 = $5,368.
This is the adjusted cash balance per bank that would be reported on the company's balance sheet at the end of August 2018.
Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $146,500, allowance for doubtful accounts of $1,085 (credit) and sales of $1,135,000. If uncollectible accounts are estimated to be 5% of accounts receivable, what is the amount of the bad debts expense adjusting entry?
Answer:
bad debt expense 6,240 debit
allowance for uncollectible accounts 6,240 credit
Explanation:
uncolelctible accounts balance 5% of AR
ending balance 5% of 146,500 = 7,325
allowance balance credit (1.085)
Adjustment 6,240
Notice it state the estimated balance of the uncolelctibles, so the result is the desired ending balance.
Measuring employment, unemployment, and labor force participationFor each answer the choices are Employed, Unemployed, Not in the labor force or Not in adult population
"Felix is a 27-year-old professional tennis player. When he's not competing, he works as a coach at a local tennis club.""Yvette is a famous novelist. She is spending the summer at her lake house in upstate New York, doing a little writing each day, but mostly spending her time gardening and reading.""Frances is a 37-year-old professional basketball player. She finished her last season as a player three weeks ago, and is currently interviewing for a coaching position.""Jamal is a 78-year-old retired professor. He enjoys volunteering at the local public library.""Shen is a 28-year-old who lost his job as an associate produdcer for a radio station. After spending a few weeks out of work and interviewing for several other positions, he gave up on his job search a few months ago and has decided to go back to grad school."
Answer:
Felix- Employed, Yvette- Employed, Frances- unemployed, Jamal- not in labor force, Shen- not in labor force
Explanation:
People who have a job and are currently working are considered employed. Those who don't have a job but are looking for one are unemployed. Adults who are not working and looking for jobs and those who have retired are not in the labor force. Children below 16 are not in adult population.
Felix is employed as he is working as a coach.
Yvette is working on her novel so she will be considered employed.
Frances does not have a job and is looking for one, so he is unemployed.
Jamal is retired so he is no longer in the labor force.
Shen will not be in the labor force as he is no longer looking for work.
Which of the following government actions would increase the supply of cars in the United States?a. the establishment of an excise tax on carsb. an end to subsidies to automakersc. the removal of car mileage regulationsd. the establishment of quotas on imported cars
The removal of car mileage regulations could potentially increase the supply of cars in the United States. This is because these regulations impose additional costs and restrictions on car manufacturers, limiting their production capacity. However, regulatory frameworks should balance economic growth with safety and environmental sustainability. Option c.
Which of the following government actions would increase the supply of cars in the United States? By looking at the options, we can deduce that The removal of car mileage regulations would be the most likely to lead to an increase in the supply of cars.
Why so? Car mileage regulations could potentially impose additional costs and restrictions on car manufacturers which may limit their production capacity. Hence, by removing these regulations, car manufacturers may have more latitude to produce more cars, thereby increasing supply. This logic can be applied to other industries as well, for instance, if the price of steel decreases, producing a car becomes less expensive, leading to a higher quantity supplied, as demonstrated in the references provided.
However, it is equally important to note that while removal of regulations may increase supply, it should not compromise on aspects such as safety and environmental sustainability. Regulatory frameworks are there to ensure a balance between economic growth and public good.
For similar questions on environmental
https://brainly.com/question/15303553
#SPJ3
Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of €1,000, 20 years to maturity, and a coupon rate of 7.8 percent paid annually. what is the current price of the bond?
Answer:
Market Price $985.01
Explanation:
We have to convert the US semiannually rate to annually.
[tex](1 + 0.078/2)^{2} -1 = 0.079521[/tex]
Now this is the annual rate spected for a similar US Bonds
So we are going to calculate the present value using this rate.
Present value of an annuity of 78 for 20 years at 7.9521%
[tex]C * \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]
[tex]78 * \frac{1-(1+0.079521)^{-20} }{0.079521} = PV\\[/tex]
PV = 768.55
And we need to add the present value ofthe 1,000 euros at this rate
[tex]\frac{Principal}{(1 + rate)^{time} = Present Value}[/tex]
[tex]\frac{1,000}{(1 + 0.079521)^{20} = Present Value }[/tex]
Present Value = 216.4602211
Adding those two values together
$985.01
The reasoning behind this is that an american investor will prefer at equal price an US bonds because it compounds interest twice a year over the German Bonds.
To determine the current price of a bond, we can use the present value formula to calculate the present value of future cash flows.
Explanation:To determine the current price of the bond, we need to calculate the present value of the future cash flows. The bond has a par value of €1,000, a maturity of 20 years, and a coupon rate of 7.8% paid annually. We can use the present value formula to calculate the price of the bond:
Price = Coupon Payment * (1 - (1 + Interest Rate)^-Number of Periods) / Interest Rate + Par Value / (1 + Interest Rate)^Number of Periods
Plugging in the values, we get:
Price = €78 * (1 - (1 + 0.078)^-20) / 0.078 + €1,000 / (1 + 0.078)^20
Solving this equation will give us the current price of the bond.
Suppose the demand for fish tacos is given by the following equation: Qd = 12 - 2P where Qd is the quantity demanded per week of fish tacos, and P is the price of fish tacos. Suppose further that the supply of fish tacos is: Qs = 1 + 3P where Qs is the quantity supplied per week of fish tacos. What is the equilibrium market price of fish tacos? (Round your answer to 2 decimal places.)
Answer:
Q = 7.6
P= 2.2
Explanation:
[tex]\left \{ {{Qd = 12 - 2P} \atop {Qs = 1 + 3P}} \right.[/tex]
The equilibrium price makes both, supply and demand equal quantity.
we can conclude Qd = Qs
We replace quanty by their price-based expression
12 - 2P = 1 + 3P
And we can solve for price
11 = 5P
2.2 = P
Then we solve for Q
1 + 3 x 2.2 = 7.6
Coronado Industries sells two types of computer hard drives. The sales mix is 30% (Q-Drive) and 70% (Q-Drive Plus). Q-Drive has variable costs per unit of $120 and a selling price of $180. Q-Drive Plus has variable costs per unit of $135 and a selling price of $225. Coronado’s fixed costs are $1255500. How many units of Q-Drive would be sold at the break-even point?
Answer:
Break even units of Q-Drive = 4,650 units
Explanation:
To find break-even in sales ratio we have 3 units of Q Drive and 7 units of Q Plus Drive.
Calculating contribution per unit = Sales - Variable cost
Q Drive = $180 - $120 = $60
Q plus drive = $225 - $135 = $90
Contribution per sales mix = 3 [tex]\times[/tex] $60 + 7 [tex]\times[/tex] $90
= $180 + $630 = $810
Break even point in units = Fixed cost/ contribution per unit
Here firstly we will calculate contribution per sales mix = $1,255,500/$810 = 1,550 sales mix, as each sales mix has 3 units of Q-Drive, we have
Break even units of Q-Drive
Therefore units of Q-Drive = 1,550 [tex]\times[/tex] 3 = 4,650 units
Final answer:
To determine the break-even point for Q-Drive units, the weighted average contribution margin is calculated using the sales mix and contribution margins for both products. The total fixed costs are then divided by this average to find the total break-even units, which is followed by calculating 30% of that total to find the Q-Drive break-even units. Coronado Industries must sell 4,650 units of Q-Drive at the break-even point.
Explanation:
To determine how many units of Q-Drive would be sold at the break-even point, we first need to calculate the weighted average contribution margin. Here's the step-by-step explanation:
First, calculate the contribution margin per unit for each product - this is the selling price minus the variable cost.
For Q-Drive: $180 - $120 = $60 contribution margin per unit.
For Q-Drive Plus: $225 - $135 = $90 contribution margin per unit.
Next, determine the weighted average contribution margin using the sales mix percentages.
Weighted average contribution margin = (30% × $60) + (70% × $90)
Weighted average contribution margin = $18 + $63 = $81
Finally, divide the total fixed costs by the weighted average contribution margin to find the break-even point in units.
Break-even point = $1,255,500 / $81 = 15,500 total units
However, we want to find only the Q-Drive units, not the total. Since Q-Drive represents 30% of the sales mix, we calculate 30% of the total break-even units.
Q-Drive break-even units = 30% of 15,500 = 0.30 × 15,500 = 4,650 units.
To break even, Coronado Industries must sell 4,650 units of Q-Drive.
In an economy with a population of 100 million persons, 40 million hold civilian jobs and 9 million are not working but are looking for a job. The number of persons in the civilian labor force is_______
Answer:
49 million people are the civilian labor force.
Explanation:
In order to solve this you just have to remember that the civilian labor force is the number of people that are currently working, or actively looking for a job in the last 4 weeks, which are the unemployed, this does not count for the retired people, students or people that are not actively looking for a job, this means that 40 million of people working plus the 9 million of people actively looking for a job, the civilian labor force will be 49 million people.
Milden Company has an exclusive franchise to purchase a product from the manufacturer and distribute it on the retail level. As an aid in planning, the company has decided to start using a contribution format income statement. To have data to prepare such a statement, the company has analyzed its expenses and has developed the following cost formulas: Cost Cost Formula Cost of good sold $27 per unit sold Advertising expense $184,000 per quarter Sales commissions 7% of sales Shipping expense ? Administrative salaries $94,000 per quarter Insurance expense $10,400 per quarter Depreciation expense $64,000 per quarter Management has concluded that shipping expense is a mixed cost, containing both variable and fixed cost elements. Units sold and the related shipping expense over the last eight quarters follow: Quarter Units Sold Shipping Expense Year 1: First 30,000 $ 174,000 Second 32,000 $ 189,000 Third 37,000 $ 231,000 Fourth 33,000 $ 194,000 Year 2: First 31,000 $ 184,000 Second 34,000 $ 199,000 Third 44,400 $ 246,000 Fourth 41,400 $ 222,000
Final answer:
In business financial planning, it is vital to distinguish between variable costs, which vary with sales volume, and fixed costs, which do not change up to a certain point. Depreciation is a fixed cost that is calculated over an asset's lifespan. The breakeven level is where total revenues match the sum of fixed and variable costs.
Explanation:
Understanding Costs in Business
Managing expenses in business is crucial for the financial planning and sustainability of a company. Variable costs fluctuate with the volume of sales, such as cost of raw materials. On the other hand, fixed costs remain unchanged within a certain sales volume range, like the cost of machinery or rent for retail space. For example, if a retail store sells blue jeans, the variable cost is the direct cost per jeans, whereas the fixed cost might include the store's rent.
Depreciation expense is another aspect of business costs, calculated as a fixed cost and spread over the useful life of an asset. For instance, using the straight-line depreciation method, if an office furniture set costs $20,000 with a resale value of $2,500 after 10 years, the annual depreciation expense would be ($20,000
- $2,500) / 10 = $1,750.
Revenue (R) and the number of units sold (Q) directly affect a business's profitability. When calculating breakeven levels, it's essential to consider both fixed and variable costs. The breakeven level is reached when total revenues cover total fixed and variable costs, resulting in no profit or loss. Specifically, a business with a fixed cost of $40,000 and a variable cost of $0.30 per unit would need to sell a sufficient number of units at a price where its unit contribution margin - the difference between the selling price and the variable cost per unit - covers the fixed costs.
The shipping expense has a fixed cost component of $24,000 per quarter and a variable cost component of $5 per unit sold.
To calculate the fixed and variable components of the shipping expense, we can use the high-low method. This method involves using the data from the two quarters with the highest and lowest units sold to determine the variable cost per unit and the fixed cost component.
Select the quarters with the highest and lowest units sold:-
- Highest units sold: 44,400 units with a shipping expense of $246,000
- Lowest units sold: 30,000 units with a shipping expense of $174,000
:-Calculate the variable cost per unit
- Variable cost per unit = (Shipping expense at high point - Shipping expense at low point) / (Units sold at high point - Units sold at low point)
- Variable cost per unit = ($246,000 - $174,000) / (44,400 - 30,000) = $72,000 / 14,400 = $5 per unit
Calculate the fixed cost component:-
- Using the variable cost per unit, we can calculate the total fixed cost at any level of activity. Let's use the data from one of the quarters to find the fixed cost.
- For example, in the first quarter of Year 1 where 30,000 units were sold:
Fixed cost = Total shipping expense - (Variable cost per unit * Units sold)
Fixed cost = $174,000 - ($5 * 30,000) = $174,000 - $150,000 = $24,000
Therefore, the shipping expense has a fixed cost component of $24,000 per quarter and a variable cost component of $5 per unit sold.