Answer:
The correct answer is True.
Explanation:
The concept of “Disruptive Innovation” is relatively new, it was introduced by Clayton Christensen in 1997 in the book “The innovators dilemma” and refers to how a product or service that originally was born as something residual or as a simple application without Many followers or users quickly become the leading product or service in the market.
Disruption therefore occurs when emerging companies use new technologies or new business models and outperform the market that were the leaders until then.
There comes a time when users do not perceive as a differential advantage the type of evolutionary innovation that has been applied to a product, because they no longer need all those new features that the manufacturer has added to increase the profit and then the manufacturer becomes vulnerable and the evolution of that particular product ceases to be decisive, from that moment the price of that product can become decisive or another product will arrive with a new disruptive technology that will compete with the previous product and with the established technology. The most normal is that new products or services are easier to use and cheaper than products that were already on the market before and thus quickly capture the interest of consumers.
The owners for a small toy store had a limited advertising budget. Because of this, the owners of the store were very concerned about spending their advertising dollars wisely. One of the primary advertising goals was to expose customers in a limited market area to their advertising messages as often as possible. The owners of they toy store were concerned with__________.a. reachb. frequencyc. gross rating pointsd. cost per thousande. ratings
Answer: Frequency
Explanation: In simple words, frequency refers to the number of times a unit repeat itself in a specified time period or as in the given sample base.
In the given case, the company wants to advertise their product in a limited area as often as possible. Hence they wants their promotional ads to repeat often so that they can reach to wider customer base or maximum people who go through that area witness those ads.
Hence they were concerned about the frequency as they wanted to the add to repeat as much as possible.
The owners of the toy store were concerned with frequency in their advertising strategy to ensure repeated exposure to their messages. Frequency helps increase the chances that potential customers will remember and act on the advertisement.
The owners of the small toy store were very concerned about spending their advertising dollars wisely.
One of their primary advertising goals was to expose customers to their advertising messages as often as possible.
Frequency in advertising refers to the number of times potential customers are exposed to an advertisement within a certain period.
High frequency helps ensure that the message sticks with the target audience, making it more likely they will remember and act on it.
Therefore, the owners of the toy store were concerned with frequency.
As a general rule, a profit-maximizing restaurant owner employs each factor of production up to the point at which the value of the marginal product of the ________ unit of the factor employed is ________ that factor's price.A. last; equal toB. first; greater thanC. first; equal toD. last; less than
Answer:
A. last; equal to
Explanation:
Marginal product of labour is the change in total output as a result of a change in quantity of labour employed.
A profit maximising firm would produce up to a point where the marginal product of last factor enjoyed in equal to the factor's price.
The marginal cost of Labour should equal to the marginal product of labour
After Herman was appointed the chief financial officer of an e-commerce company, the company recorded the highest ever profits. The company's board of directors decides to offer Herman a luxury car so that he would continue his good work and remain with the organization. Which of the following theories of motivation does this scenario best illustrate?
A) Reinforcement theory
B) Equity theory
C) Alderfer's ERG Theory
D) McClelland's Learned Needs Theory
Answer:
A) Reinforcement theory
Explanation:
Reinforcement theory -
This theory was given by BF Skinner along with his associates .
According to this theory of reinforcement , the behavior of the individual is the function of its own consequences .
The theory is based on the law of effect .
According to the law of effect , the person with positive behavior tends to be repeated , but those with the native behavior does not repeat .
Hence , from the question ,
The correct term for the given information , is A) Reinforcement theory .
Suppose workers and employers agree to a three-year wage contract under the expectation of 3% inflation, but inflation turns out to be 1%. In this case, ________ lost purchasing power, and ________ gained purchasing power.
A. employers; workers
B. workers; employers
C. employers; no one
D. no one; employers
Answer:
The correct answer is A. employers; workers.
Explanation:
The purchasing power is determined by the goods and services that can be purchased with a specific sum of money, given the prices of these goods and services. Thus, the greater the amount of goods and services that can be acquired with a certain sum of money, the greater the purchasing power of that currency. Therefore, the measurement of purchasing power is directly related to the consumer price index and can be used to compare the wealth of an average individual for a period prior to the present or in different countries at the same time.
In this case, employers lose because there was a 3% increase per year, while average prices increased by 1%, so the employer's purchasing power declined. At the same time, workers saw their purchasing power increase as their nominal income increased more than average prices
Federal budget deficits generally grow during recessions because
Answer:
Because the social expenditure increases
Explanation:
When the economy is in recession, the government revenue brought by taxes decreases. But the demand for welfare, social expenditure increases dramatically (education, health, etc.). Since a Recession is a sign of a stagnant economy.
If the Federal Budget has already been facing a deficit then, generally, this situation will increase its debts.
Judy is opening a small business producing high-quality paper products and decided to place a green pine tree on all product boxes and on the sign outside the facilities, to symbolize the business. At this point, the symbol is an example of a:
the symbol is use as the point
Explanation:
The income statement for Delta-tec Inc. for the year ended December 31, Year 2, was as follows:
Income from operations $299,700
Gain on sale of investments 17,800
Unrealized loss on trading investments (72,500)
Net income $245,000
The balance sheet dated December 31, Year 1, showed a Retained Earnings balance of $825,000. During Year 2, the company purchased trading investments for the first time at a cost of $346,000. In addition, trading investments with a cost of $66,000 were sold at a gain during Year 2. The company paid $65,000 in dividends during Year 2.
a. Determine the December 31, Year 2, Retained Earnings balance.
b. Provide the December 31, Year 2, balance sheet disclosure for Trading Investments
Answer and Explanation:
a.
Retain earnings, year 2
= retained earnings year 1 + earning for year 2
= $825,000 + ($245,000 - $65,000)
= $825,000 + $180,000
= $1,005,000
Therefore, The December 31, Year 2, Retained Earnings balance is $1,005,000.
b.
trading inverstments are classified under current assets. the closing balance of trading inverstments is:
trading inverstments purchased at cost in year 2 $346,000
trading inverstments sold at cost in year 2 $66,000
balance of trading inverstments at cost $280,000
The balance sheet is present like:
D-Tec Inc
balance sheet
particulars amount($)
current asstes
trading inverstments(at cost) 280,000
valuation allowance for trading inverstment (72,500)
trading inverstments(at fair value) 207,500
The Retained Earnings of Delta-tec Inc. as of December 31, Year 2, is $1,005,000. The balance sheet disclosure for Trading Investments on December 31, Year 2, would show an ending balance of $280,000.
To determine the Retained Earnings balance of Delta-tec Inc. as of December 31, Year 2, we begin by starting with the Retained Earnings balance from the previous year. To this, we add the net income for the current year and subtract any dividends paid. The calculation is as follows:
Retained Earnings (Beginning balance) = $825,000
Net Income (for Year 2) = $245,000
Dividends Paid (during Year 2) = $65,000
Retained Earnings (End balance) = $825,000 + $245,000 - $65,000
Retained Earnings (End balance) = $1,005,000
For the balance sheet disclosure of Trading Investments on December 31, Year 2, we must account for the cost of purchases and subtract any sales. The company had purchased trading investments costing $346,000 and sold investments with a cost of $66,000, which resulted in a gain (included in net income). Hence:
Trading Investments (Purchased) = $346,000
Less: Investments Sold = $66,000
Trading Investments (Ending balance) = $346,000 - $66,000
Trading Investments (Ending balance) = $280,000
When a firm has international operations, choosing the most appropriate structure depends upon the extent of international expansion, the type of strategy, and the degree of product diversity. True or False?
Answer:
True
Explanation:
When a firm has international operations it should choose the most appropriate structure based on the following factors:
extent of international expansion: into how many international regions do we plan to expand our activities. the type of strategy: the have to choose between global, multidomestic or international strategythe degree of product diversity: on how many additional markets will our products compete? regionally or globallyAlthough 1 and 3 may be similar, there can be significant differences. For example, a US company may want to start selling their products in all of South America (regional product diversity), but it will do it by setting a South American office in Brazil only (international expansion is limited to Brazil only).
Final answer:
The statement is true; the most appropriate structure for a firm with international operations is affected by the scale of international expansion, strategy type, and product diversity, alongside other factors such as FDI, production efficiency, and scale economies.
Explanation:
True, when a firm has international operations, the choice of the most appropriate organizational structure is influenced by several key factors: the extent of international expansion, the type of strategy employed, and the degree of product diversity. The complexity of operating across national boundaries requires firms to consider the legal, cultural, and economic environments they are entering. Factors such as foreign direct investment, the need for efficiency in production, and the advantages of scale economies also play critical roles in determining the structure that will best support a firm's international goals.
As Transnational Corporations (TNCs), companies must coordinate a wide array of production networks and adapt to geographical flexibility in sales. This becomes more critical as they enter different markets with varying production and cost conditions. A company's market structure and competitive industry environment are important considerations that influence how businesses adapt to global trade, integrate vertically, and optimize their cost structures through factors like outsourcing and economies of scale. Furthermore, the potential environmental and political impacts of their international operations can affect strategic decisions involving structure and expansion.
Which of the following is a criterion for the classification of a liability as current? I. It is a debt that can be paid from existing current assets. II. It is a debt that can be paid through the creation of other current liabilities. III. It must be paid within one year or the operating cycle, whichever is shorter.
Answer:
It must be paid within one year or the operating cycle, whichever is shorter.
Explanation:
Current liabilities are short term obligations that a company needs to pay within the current financial year. Companies use current assets to offset their current liabilities. Examples of current liabilities include accounts payable, interest payable on outstanding loans, dividends payables, and long term debts maturing within the current financial year.
A business needs to monitor its levels of current liabilities to ensure it has sufficient current assets to pay them. There are situations where a company finds it necessary to obtain a loan to finance its current liabilities. The inability to pay current debts consistently may be indicative of more profound financial challenges within the organization.
A current liability can be classified as such if it can be paid using current assets, through the creation of other current liabilities, or if it has to be paid within a year or the operating cycle. These liabilities are often illustrated on a balance sheet, and subtracting the liabilities from the assets provides the net worth.
Explanation:
The classification of a liability as current has to meet several criteria. These criteria are: I. It is a debt that can be paid from existing current assets. This refers to any liability or debt that the entity, in this case a firm or an individual, can pay off using assets they currently have. II. It is a debt that can be paid through the creation of other current liabilities. This involves scenarios where a new obligation or debt is obtained to settle an existing one. III. It must be paid within one year or the operating cycle, whichever is shorter. Here, the current liability is expected to be settled within the short-term financial period of the business, typically within one year or an operating cycle.
In broader terms, a liability is any amount or debt that a firm or an individual owes. This is often listed in a balance sheet, an accounting tool that lists both assets and liabilities. The difference between the assets and liabilities provides the net worth or bank capital of the entity.
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Corporation's stock has a required rate of return of 10.25%, and it sells for $57.50 per share. The dividend is expected to grow at a constant rate of 6.00% per year. What is the expected year-end dividend, D1?
Answer:
$6.25 (rounded off)
Explanation:
In this case we first have to find the most recent dividend and then multiply is by (1+Growth rate) in order to find year end dividend. The price of the stock currently is $57.50 and the required rate of return is 10.25% so we can assume that the most recent dividend of the stock was 10.25% of 57.5
Recent dividend = 57.50 *0.1025= 5.89
Year end dividend = Recent dividend *(1 +growth rate)
=5.89*(1+0.06)
= 6.247
Adam strongly believes that his employees have a positive attitude toward their work. He sees in them a potential to take risks and a greater capacity for imagination and creativity if motivated by rewards. In this scenario, Adam's views about his employees are consistent with the assumptions of ______.
A. equity theory
B. Theory Y
C. Theory X
D. hierarchy of needs theory
Answer:
B. Theory Y
Explanation:
According to theory Y assumptions, employees are self-motivated and ambitious. They can exercise greater control and are willing to accept new responsibilities. Theory Y supposes that employees love to work, and that they find motivation in the completed jobs.
Managers who subscribe to theory Y believe that employees are intelligent, innovate and creative people whose input can help solve organizational problems. Theory Y suggests that if employees are given more freedom in the workplace, they are likely to perform their best, which increases productivity in the workplace.
Theory Y managers hold optimistic and positive views on their employees. They encourage a collaborative approach to management, where there is a greater relationship between managers and their subordinates.
Cisco Corporation is considering opening a financial institution that accepts savings deposits from only its employees and makes loans to only its employees. The best description of this financial institution is that it is a:__________
Answer: Credit Union
Explanation: A credit union is a type of cooperative society formed by a group of people with the intention of helping one another in form of loans.
Regular contributions are made by members on a regular basis where interest are calculated and shared yearly.
Every depositor is a member by right and he/she is also entitled to get a loan whenever he/she needs it.
Amy just applied for a position with Rory’s firm. Rory knows that Amy will earn $20 an hour and can produce a value of the marginal product of labor (VMPL) of $40. Rory will __________ Amy because her VMPL is __________.a. not hire; negativeb. hire; negativec. maybe hire; positived. not hire; positivee. hire; positive
Answer: The correct answer is "e. hire; positive".
Explanation: Amy just applied for a position with Rory’s firm. Rory knows that Amy will earn $20 an hour and can produce a value of the marginal product of labor (VMPL) of $40. Rory will hire Amy because her VMPL is positive.
Across1) In economics, this is a rivalry that may refer to rivalry among firms, or individuals, or the race to control resources. 2) These are the legal restrictions set forth by a government to produce desired outcomes.
Answer:
1. Competition
2. Regulation
Explanation:
In economics, competition refers to the situation where different firm tries to take control or obtain a share of a limited good by making changes in price, place, product, or promotion.
Competition arises out of scarcity. Every seller is trying to obtain what other sellers want such as, sales, profits, market share.
Regulations can be defined as the restrictions that are imposed by the government to get the desired outputs. These restrictions can be imposed on price or production or wages, for instance, price ceilings, minimum wages, etc.
Wilvade Inc. has modified the work timings for its employees. The employees of the company believe that the new timings are inconvenient and voice their concerns to the management. The management tries to understand the perspective of the employees and is willing to address their issues. In this scenario, the management of Wilvade Inc. is most likely using _____.
a. empathetic listening
b. respondent conditioning
c. incongruent communication
d. reactive communication
Answer:
a. empathetic listening
Explanation:
Empathetic listening is trying to understand the point the other person is trying to make and connect with him/her. An important characteristic is to listen to the other person without judging to be open to what is being said and really understand. So, the management of Wilvade Inc. is most likely using empathetic listening because they are trying to understand the employees concers and they want to address the situation.
A company resells 10,000 shares of treasury stock for $22 per share. The stock was purchased in a previous year for $18 per share. By how much would net income be affected by the sale of this treasury stock?
Answer:
$0, income statement s not affected.
Explanation:
The purchase and resale of treasury stock does not affect the income statement. When a company's treasury stock is resold, additional paid-in capital increases (if the stock were sold at a price above cost) or decreases (if the stock were sold at a price below cost).
Macrophages are cells that play a role in the response of the immune system of mice and other mammals to invasive organisms such as bacteria. Unlike other mice, mice that are genetically incapable of making these particular cells do not show elevated levels of nitrates when infected with bacteria.
The statements above, if true, provide the most support for which of the following conclusions?
(A) Mice that are unable either to make macrophages or to make them in sufficient numbers will protect themselves from bacterial infections in some other way.
(B) Mice that show elevated levels of nitrates can easily fight off most types of bacterial infections.
(C) In mice, macrophages play a role in the production of nitrates or inhibit a process by which nitrates are broken down or otherwise eliminated.
(D) When a healthy mouse becomes infected with an invasive organism, the number of macrophages in the mouse’s body decreases.
(E) Injections of nitrates into mice that lack macrophages will not enhance the ability of these animals’ immune systems to fight off infection.
Answer:
(C) In mice, macrophages play a role in the production of nitrates or inhibit a process by which nitrates are broken down or otherwise eliminated.
As the human resources manager, Marcus knows it is important for the company to develop a program for expatriates who return to work at the home office. What type of program is Marcus referring to
Marcus is referring to mentoring program .
Explanation:
A person residing in a foreign country other than his or her country is an expatriate. In general use the term refers often to skilled, qualified workers or musicians, whether individually or overseas or sent outside their country by their own employers, who can be businesses, schools, governments or NGOs.
A mentor with cultural experience will deal with and ease the challenges that are so often encountered internationally by international workers from a "real" viewpoint.
Create a mentoring program so that returning expatriates can provide existing and future ex-pat workers with information and support.
Gruber Corp. pays a constant $8.75 dividend on its stock. The company will maintain this dividend for the next 10 years and will then cease paying dividends forever. The required return on this stock is 12 percent. What is the current share price?
Final answer:
To find the current share price for Gruber Corp, we use the present value of an annuity formula, considering a $8.75 constant dividend over 10 years and a 12% required return.
Explanation:
To calculate the current share price of Gruber Corp stock when it pays a constant dividend for the next 10 years with no dividends afterwards, we need to use the present value of an annuity formula. Since the required return on the stock is 12 percent, we can discount the dividend of $8.75 for each of the next 10 years back to its present value.
The formula for the present value of an annuity is PV = D * ((1 - [tex](1 + r)^{-t}[/tex]) / r), where PV is the present value, D is the yearly dividend, r is the required rate of return, and t is the number of years. For Gruber Corp, D is $8.75, r is 0.12, and t is 10.
Using the formula, PV = $8.75 * ((1 - [tex](1 + 0.12)^{-10}[/tex]) / 0.12). This calculation will give the present value of all dividends over the next 10 years, which is equal to the stock's current price, since no dividends are paid after this period.
A company employs three accounts payable clerks and one treasurer. Their responsibilities are as follows:
Employee Responsibility
Clerk 1 Reviews vendor invoices for proper signature approval
Clerk 2 Enters vendor invoices into the accounting system and verifies payment terms
Clerk 3 Posts entered vendor invoices to the accounts payable ledger for payment and mails checks
Treasurer Reviews the vendor invoices and signs each check
Which of the following would indicate a weakness in the company's internal control?
a. Clerk 1 opens all of the incoming mail
b. Clerk 3 mails the checks and remittances after they have been signed
c. Clerk 2 reconciles the accounts payable ledger with the general ledger monthly
d. The treasurer uses a stamp for signing checks
Answer:
The correct answer is B
Explanation:
Internal control is the control, procedures and rules which are executed by the company that ensures the integrity of the accounting as well as the financial information so that could promote accountability and help in preventing the fraud.
So, the one which weakness the internal control of the company is the Clerk 3, checks the mails and then remittances are signed. The Clerk 3 has the responsibility of record keeping. Therefore, giving a signed check to Clerk 3 states that the clerk have the access to an asset which violates the separation of duties.
To purchase a house, Leo borrows funds from Metro Bank for a home in California. To secure the lender, the loan terms will provide the Metro Bank will be protected by a document recorded against the property. The recorded document will be:_____________.
a. a Deed of Trust.
b. a down payment.
c. a short sale.
d. predatory lending.
Answer:
A) a Deed of Trust
Explanation:
A deed of trust is a legal contract by which the borrower (in this case Leo) transfers the ownership of his property to a third party, called the trustee, until the total amount of the loan is paid back to the lender (in this case Metro Bank). The trustee is allowed to sell the property in case the borrower doesn't pay back the loan.
Which of the following is not a typical adjustment made to the income statement for projection purposes?
a. Adjusting net income for perceived under- or over-accruals.
b. Adjusting revenues to only include organic revenue growth.
c. Separating operating and non-operating items.
d. Removing transitory items such as restructuring charges.
e. None of the above.
Answer:
The correct answer is b. Adjusting revenues to only include organic revenue growth.
Explanation:
One of the quantitative planning techniques is the projection of financial statements or also called pro forma statements.
The applications that can be had among others are the following:
Know how the year will end for tax purposes in terms of income and deductions in order to make decisions before the end of the year.
Another application will be to know the external financing needs for the period you want to know.
The most common and practical method of projecting financial statements is based on sales.
Ace Refinery desired a workplace free from all forms of sexual harassment. Accordingly, Ace developed guidelines for its workers that specifically forbade sexual harassment. The guidelines gave examples of conduct that would not be tolerated, provided penalties, designated a company official as the proper person to whom complaints should be brought, investigated complaints thoroughly, and maintained an educational policy designed to remind employees of the policy. Maxine, an Ace Refinery employee, made a complaint of sexual harassment, charging that her supervisor had demanded sexual favors. An investigation was performed and the charge was substantiated. The supervisor was warned not to continue this conduct, but it happened again. The supervisor was again issued a warning. Finally, Maxine brought a court action against the supervisor and Ace. Will Maxine win?
a. Yes, the company should have reassigned Maxine to a different department.b. No, she will not win because Maxine should have changed jobs.c. No, she will not win because Ace did all in their power to stop the harassment.d. Yes, the company failed to appropriately discipline the supervisor
Answer:
The answer is Letter D.
Explanation:
Yes, the company failed to appropriately discipline the supervisor. Because sexual harassement in a workplace is a form of discrimination that affects the dignity of women and men. The company is responsible for maintain a health and secure work environment for all the employees, in this case the company didn't provide that.
The company was lenient, and that is the reason why Maxine needed to file a court action against the supervisor and Ace.
Advertising revenue, the lifeblood of newspaper operations, ______.
a. grew rapidly once the Internet boom took off in the late 1990s
b. is holding steady even as the number of newspaper subscriptions increases
c. has fallen dramatically in the last few years, with Internet ad sales unable to fill the gap
d. cycles through periods of increase and decrease every few years
e. None of the options are correct.
Answer:
c. has fallen dramatically in the last few years, with Internet ad sales unable to fill the gap
Explanation:
Newspaper is the most old source of information and country wide updates to human beings.
But with evolution of time, and introduction of internet, people have started using it more, and that the feed of newspaper deliver things late.
Thus, people have switched to internet for information, and also the advertising companies, as the audience is more on internet.
Thus, this clearly depicts that the revenue of newspapers have fallen down because of the rising spread of internet and its increasing users.
Advertising revenue, the lifeblood of newspaper operations, has fallen dramatically in the last few years, with Internet ad sales unable to fill the gap. Therefore, option c is correct.
Internet ad sales refers to the revenue generated from advertising efforts conducted on the Internet. With the rise of digital platforms and online advertising, newspapers have faced challenges in generating advertising revenue as advertisers shift their focus towards online channels.
The decline in newspaper advertising revenue can be attributed to the increasing popularity of Internet ad sales, which offer advertisers more targeted and cost-effective advertising options.
However, despite the growth of Internet ad sales, it has not been able to fully compensate for the decline in traditional newspaper advertising revenue, leading to a significant gap in revenue for newspaper operations.
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Suppose the cost curves for a firm in a perfectly competitive market have the typical shapes. At what point does the firm achieve productive efficiency? Productive efficiency occurs at the quantity and average cost
Answer:
In a perfectly competitive market, a firm will achieve productive efficiency when the price of its products is equal to the minimum average cost.
Since firms in a perfectly competitive market are price takers, their total output will always be equal to the efficient amount. If their output is larger, they will be losing money and if they produce at a lower level they should try to reach the efficient amount to earn the highest possible profit.
Elyse broke up with her boyfriend after a fight. She has spent the last week repeatedly going over the fight in her mind, which has caused her to sink into depression. Her continual reliving the fight is known as:
A.reminiscence.
B.fixation.
C.obsession.
D.rumination.
Answer:
The correct answer is ( D)
Explanation:
Elyse is suffering from rumination, it is one of the likenesses among anxiety and depression. Ruminating is essentially cyclically going over an idea or an issue without completion. At the point when individuals are discouraged, the topics of rumination are commonly about being poor or useless. The idleness and the sentiments of deficiency raise uneasiness, and tension intervenes with taking care of the issue.
If a librarian were to direct you to a source’s alphanumeric tag on a library shelf, what term is she implicitly referencing for that source?
Answer:
The correct answer is: call number.
Explanation:
Materials in a library are arranged on the basis of their subjects. This method of organization is called classification.
The alphanumeric tag on a library shelf is known as the call number. This number is either marked on the spine of the book or in the library catalog. It refers to the location of the book.
It is like a unique identification code for each book in the library. The call number is a mix of letters and numbers and generally begins with alphabets.
According to the U.S. Department of Commerce, which of the following, occurs whenever a U.S. citizen, organization, or affiliated group takes an interest of 10 percent or more in a foreign business entity? A. TrueB. False.
Answer:
this question is not true/false
the answer is: foreign direct investment
Explanation:
Foreign direct investment (FDI) takes place when a domestic company or individual invests directly in new facilities to produce goods or services in a foreign country. Or as the US Department of Commerce clearly states, when a US citizen or organization acquires at least 10% of a foreign business.
FDI is a game played on both sides. For example, the US received $296.4 billions during 2018 as FDI from foreign investors.
After a couple of months of searching for a job, Sofia is hired. Which of the following increases?
a. the labor force participation rate but not the labor force
b. the labor force and the labor force participation rate
c. the labor force participation rate but not the labor force
d. neither the labor force nor the labor force participation rate
Answer:
After a couple of months of searching for a job, Sofia is hired. Neither the labor force nor the labor force participation rate increase.
Explanation:
The labor force is defined as the sum of all people employed people plus unemployed people who are looking for a job. Sofia was unemployed, but she was searching for a job, so according to the definition, she was and still is a part of the labor force.
Then, the labor force participation rate is defined as the rate of the labor force (defined above) divided by the working-age civilian population. Since Sofia never stopped being a part of the labor force since she had been looking for a job, the change of her employment status doesn't reflect any changes in the labor force participation rate.
The correct answer is c. The labor force participation rate but not the labor force increases when Sofia is hired after a couple of months of searching for a job.
The labor force participation rate is the percentage of the total population who are either employed or actively seeking employment.
When Sofia is hired, she becomes a part of the employed population, which increases the numerator of the labor force participation rate formula.
However, the labor force itself does not increase because Sofia's employment does not affect the total number of people who are either employed or actively seeking employment. Therefore, option c is the correct answer.
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Becker Bikes manufactures tricycles. The company expects to sell 520 units in May and 650 units in June. Beginning and ending finished goods for May is expected to be 180 and 145 units, respectively. June’s ending finished goods is expected to be 155 units. The company’s variable overhead is $11.00 per unit produced and its fixed overhead is $11,500 per month.
Compute Becker's manufacturing overhead budget for May and June. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) May June Budgeted manufacturing overhead
Answer:
The budgeted variable overhead for May is $5,335
The budgeted variable overhead for June is $7,260
The budgeted fixed overhead for both May and June is $11,500 per month
Explanation:
First we have to determine how many tricycles does Becker Bikes expects to manufacture during May and June:
May:
beginning inventory May 180
expected sales May 520
ending inventory May 145
Becker is planning to manufacture 485 tricycles (= 520 + 145 -180)
June:
beginning inventory May 145
expected sales May 650
ending inventory May 155
Becker is planning to manufacture 660 tricycles (= 650 + 155 -145)
The budgeted variable overhead for May = 485 tricycles x $11 per tricycle = $5,335
The budgeted variable overhead for June = 660 tricycles x $11 per tricycle = $7,260
The fixed overhead for both May and June is $11,500 per month
Becker's manufacturing overhead budget for May is $6,620.00 and for June is $7,150.00.
Explanation:To compute Becker's manufacturing overhead budget for May, we need to calculate the total variable overhead cost and add it to the fixed overhead cost. The variable overhead cost is $11.00 per unit produced, so for May, it will be 520 units multiplied by $11.00. The fixed overhead cost for May is $11,500. Adding the variable and fixed overhead costs together, the manufacturing overhead budget for May is $6,620.00.
Similarly, to compute the manufacturing overhead budget for June, we use the same formula. The variable overhead cost is $11.00 per unit produced, so for June, it will be 650 units multiplied by $11.00. The fixed overhead cost for June remains the same at $11,500. Adding the variable and fixed overhead costs together, the manufacturing overhead budget for June is $7,150.00.
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