Answer:
The correct answer here is option C.
Explanation:
In real life business situations the firms are able to avoid prisoner's dilemma and reach the most profitable income because the games are repetitive and goes on continuously in the market or economy. The other firms in the market can adopt a retaliation strategy if a firm does not cooperate.
In order to avoid such situation the firms generally cooperate and thus are able to escape Prisoner's dilemma.
A warehouse located in an urban area had been vacant for several years. Although the warehouse was not being used, the owner of the warehouse maintained the building in conformity with all state and local laws and regulations. One evening, thieves entered the warehouse and stripped the copper wiring from the building. In the process, the thieves damaged a stone cornice above the warehouse’s main entryway. Shortly thereafter, the cornice collapsed and injured a pedestrian. The pedestrian initiated a negligence suit against the warehouse owner, and the warehouse owner filed a motion to dismiss the case.
Which of the following findings would be sufficient to support the warehouse owner’s motion to dismiss?
A. The theft of the copper wiring was an unforeseeable intervening cause of the cornice collapse.
B. The copper wire theft and the cornice collapse were unforeseeable.
C. The pedestrian was more than half at fault for the injuries sustained.
D. The warehouse owner had maintained the building in conformity with state and local laws and regulations.
Answer:
The correct answer would be option A, The theft of the copper wiring was an unforeseeable intervening cause of the cornice collapse.
Explanation:
The owner of the warehouse has been taking care of the warehouse despite the fact that the warehouse was not in the use of anyone. Although the warehouse was not being used, the owner has maintained the building in conformity with all state and local laws and regulations. Now the incident happened due to the theft of the copper wire, due to which the cornice collapsed. This was totally unforeseeable and there was not even a little mistake of the owner, also he has been maintaining the warehouse in conformity with the laws of the area, the owner can easily file a motion to dismiss the case.
On January 1, the Kings Corporation issued 10% bonds with a face value of $96,000. The bonds are sold for $94,080. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, ten years from now. Kings records straight-line amortization of the bond discount. Determine the bond interest expense for the year ended December 31 of the first year is.
Answer:
9,792 total interest expense
Explanation:
face value 96,000
issued at 94,080
discount 1,920
amortization of the bond:
discount/total payment
10 years atsemiannual payment = 20 payment
1,920/20 = 96
cash proceed:
96,000x 10%/2 = 4,800
discount 96
interest expense 4,896 per payment
2 payment per year 9,792 total interest expense
What is the effect on the equilibrium price and equilibrium quantity of magazinesmagazines if the price of a newspapera newspaper decreasesdecreases and the wage rate paid to magazine production workersmagazine production workers decreasesdecreases? The equilibrium price of a magazinea magazine ______ and the equilibrium quantity ______.
Answer: The equilibrium price of a magazine decreases and equilibrium quantity remains the same.
Explanation:
The magazine and newspaper are substitute goods. So, if the price of a newspaper decreases as a result the demand for magazine decreases.
This shifts the demand curve of magazine leftwards from DD to D'D' in the diagram.
And, if the wage rate paid to the magazine production workers decreases as a result the cost of magazine production decreases.
This will increase the supply of magazine and shift the supply curve towards right from SS to S'S' in the diagram.
Hence, the equilibrium price of a magazine decreases from P to P' and equilibrium quantity remains the same at Q0 = Q1.
Final answer:
The equilibrium price of magazines is expected to decrease due to simultaneous leftward shift in demand and rightward shift in supply. The equilibrium quantity may increase or decrease depending on the relative shifts in the curves.
Explanation:
When analyzing market equilibrium, changes in external factors can lead to shifts in supply and demand curves, affecting the equilibrium price and quantity. In the case of a decrease in the price of newspapers, which can be seen as a substitute good for magazines, the demand for magazines might decrease accordingly. This would result in a leftward shift in the demand curve for magazines, leading to a lower equilibrium price and quantity for magazines. However, the decrease in the wage rate paid to magazine production workers may increase the supply of magazines, shifting the supply curve to the right, as production costs decrease. With a higher supply, the equilibrium quantity of magazines increases, but the equilibrium price could potentially decrease if the shift in supply exceeds the shift in demand. If both of these events occur simultaneously: a decrease in the price of newspapers and a decrease in the wage rate of magazine workers, the equilibrium quantity of magazines may either increase or decrease depending on the magnitude of the shifts in demand and supply curves. The equilibrium price of magazines is expected to decrease because both effects (a decrease in demand and an increase in supply) both exert downward pressure on the price.
Which nims command and coordination structures are offsite locations where staff from multiple agencies come together?
Answer: The correct answer is : Emergency Operations Centers (EOCs)
Explanation: MAC groups is the NIMS structure that makes cooperative decisions of multiple agencies.
The three NIMS guiding principles are: Flexibility, standardization, unity of effort. Standardization allows interoperability between multiple organizations.
Emergency Operations Centers are the National Incident Management System NIMS command and coordination structures are offsite locations where staff from multiple agencies come together. EOCs are frequently off-site locations created and outfitted particularly to support incident management operations.
Emergency Operations Centers EOCs are command and coordination organizations that are a part of the National Incident Management System (NIMS). They are generally set up in reaction to catastrophes or emergencies to act as focal points where representatives from various agencies and organizations can gather to coordinate response and recovery operations.
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Collection of a $3500 Accounts Receivable decreases a liability $3500; increases stockholders' equity $3500. decreases an asset $3500; decreases a liability $3500. increases an asset $3500; decreases an asset $3500. increases an asset $3500; decreases a liability $3500.
Answer:
Correct option is C. increases an asset $3500; decreases an asset $3500
Explanation:
Before collection from accounts receivable there is an asset of $3,500 in accounts receivable.
When it is received then there is collection of $3,500 either in cash or at bank, with that the effect on accounts receivable asset is that it is reduced, by $3,500; and with the same thing cash or bank balance which is also an asset is increased.
Therefore correct option is C.
increases an asset $3500; decreases an asset $3500
Increase in Cash/Bank
Decrease in Accounts Receivable
A collection of accounts receivable increases an asset and decreases a liability, which affects stockholders' equity.
Explanation:A collection of a $3500 Accounts Receivable would increase an asset by $3500 and decrease a liability by $3500.
Since a liability is decreasing, it would also decrease stockholders' equity by $3500.
Therefore, the correct option is: Increases an asset $3500; decreases a liability $3500.
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Suppose that you have been hired to analyze the impact on employment from the imposition of a minimum wage in the labor market. Further suppose that you estimate the supply and demand functions for labor, where L stands for the quantity of labor (measured in thousands of workers) and W stands for the wage rate (measured in dollars per hour): Demand: L D = 100 - 3W Supply: L S = 7W. First, calculate the free-market equilibrium wage and quantity of labor. The competitive market equilibrium wage is $ _______ per hour. (Enter your response as an integer.) The competitive market equilibrium quantity of labor is ______ thousand workers. (Enter your response as an integer.) Now suppose the proposed minimum wage is $ 12. How large will the surplus of labor in this market be? With a minimum wage of $ 12 per hour, the surplus will be ______ thousand workers. (Enter your response as an integer.)
Answer:
The competitive market equilibrium wage is $ 10 per hour.
The competitive market equilibrium quantity of labor is 70 thousand workers.
With a minimum wage of $ 12 per hour, the surplus will be 20 thousand workers.
Explanation:
We set up the equation system:
[tex]\left \{ {{\a L_d = 100 - 3W} \atop {\a L_s = 7W}} \right.[/tex]
If Ld = Ls then:
100 - 3w = 7w
100 = 10w
100/10 = w = 10
and now we solve for L
L = 100 - 3*10 = 100-30 = 70
L = 7*10 = 70
(II)
If w = 12
Ld 100 - 3*12 = 64
Ls 7*12 = 84
Surplus 20 thousands
Final answer:
The competitive market equilibrium wage is $10 per hour with an equilibrium quantity of labor of 70 thousand workers. Imposing a minimum wage of $12 per hour results in a labor surplus of 20 thousand workers, demonstrating the impact of minimum wage laws on employment levels.
Explanation:
The free-market equilibrium wage and quantity of labor based on the given supply and demand functions for labor, followed by the calculation of the labor surplus at a proposed minimum wage of $12 per hour. Using the equations LD = 100 - 3W for demand and LS = 7W for supply, setting LD = LS allows for the determination of the equilibrium wage and quantity of labor. The equilibrium is found when the quantity of labor demanded equals the quantity of labor supplied, leading to solving the equation 100 - 3W = 7W, which yields an equilibrium wage of $10 per hour and an equilibrium quantity of labor of 70 thousand workers. With a minimum wage set at $12, higher than the equilibrium wage, the demand for labor decreases while the supply of labor increases, leading to a surplus. The surplus is calculated by substituting W = 12 into the demand and supply functions, resulting in a labor demand of 64 thousand workers and a labor supply of 84 thousand workers, thus a surplus of 20 thousand workers.
For the year ended December 31, Ion Corp. had cash inflows of $25,000 from the purchases, sales, and maturities of held-to-maturity debt securities and $40,000 from the purchases, sales, and maturities of available-for-sale debt securities. What amount of net cash from investing activities should Ion report in its cash flow statement?
Answer:
The amount of net cash flow from investing activities that ion should report in its cash flow statement is $65,000.
Explanation:
A cash flow statement is one of the financial statements which will tell how changes in income statement and balance sheet accounts will affect the company's cash inflow and outflow. This statement will break down the analysis in to operating , investing and financing activities.
For taking out the net cash flow in investing activities, purchase activities are added and sale activities are subtracted and from the given information in the question , it is clear that both are purchasing activities, therefore
NET CASH FLOW FROM INVESTING = $25,000 + $40,000
= $65,000
In 2016, Whiteside Catering purchased 60,000 shares of Roush Organic Foods’ common stock for $945,000. On December 31, 2016, the fair value of the Roush shares was $900,000. On December 3, 2017, Whiteside sold all of their shares of Roush common stock for $17 per share less $42,000 in brokerage commissions. The realized gain on the sale of stock in 2017 that Whiteside should report is
Answer:
The realized gain that Whiteside should report on sale of stock should be $33,000.
Explanation:
Whiteside bought the 60,000 shares from Roush organic foods at a price of $945,000 in 2016. On December 3, 2017 whiteside sold those 60,000 shares at $17 per share, with this they have also paid $42,000 in brokerage commissions. For taking out the gain we will subtract the purchase price of shares from selling price of share.
NOTE* ( We will subtract the brokerage commission from the sales. )
Realized gain = (Sales - brokerage commission) - purchase price
NOTE* (SALES = $17 X 60,000 = $1020,000)
= ($1020,000 - $42,000) - $945,000
= $978,000 - $945,000
= $33,000
Final answer:
Whiteside Catering should report a realized gain of $33,000 on the sale of Roush Organic Foods' stock in 2017, after accounting for the sale price per share and subtracting brokerage commissions from the total sale proceeds.
Explanation:
To calculate the realized gain on the sale of stock by Whiteside Catering, we first need to determine the total sale proceeds from selling Roush Organic Foods' common stock. Whiteside Catering sold all their shares (60,000 shares) at $17 per share, but we must also subtract the brokerage commissions of $42,000 from the total.
The total sale proceeds are calculated as follows:
Total sale = 60,000 shares * $17 per share = $1,020,000Total sale after brokerage commissions = $1,020,000 - $42,000 = $978,000To find the realized gain, we subtract the original purchase amount of $945,000 from the net sale proceeds of $978,000.
Realized gain = Net sale proceeds - Original purchase amount
= $978,000 - $945,000
= $33,000
Therefore, Whiteside Catering should report a realized gain of $33,000 on the sale of Roush Organic Foods' stock in 2017.
MJ Enterprises stock traditionally provides an average rate of return of 11.6 percent. The firm’s next annual dividend is projected at $2.40 with future increases of 3 percent per year. What price should you pay for this stock is you are satisfied with the firm’s average rate of return?
Answer:
Firm's stock price shall be $27.91
Explanation:
Using dividend growth model we have,
[tex]P{_0} = \frac{D{_1}}{K{_e} - g}[/tex]
Where P[tex]{_0}[/tex] = Current Price of stock
D[tex]{_1}[/tex] = Dividend to be paid at year end = $2.40
K[tex]{_e}[/tex] = Expected return = 11.6%
g = Expected growth = 3%
Thus P[tex]{_0}[/tex] = [tex]\frac{2.40}{11.6 - 3}[/tex] = $27.91
Firm's stock price shall be $27.91
A client is admitted to an acute care facility after an episode of status epilepticus. After the client is stabilized, which factor is most beneficial in determining the potential cause of the episode?
Answer:
????????????????
Explanation:
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After the client is stabilized from an episode of status epilepticus, the factor which is most beneficial in determining the potential cause of the episode is, "compliance with the prescribed medication regimen."
What is status epilepticus?Status epilepticus is a medical emergency that may lead to permanent brain damage or death. In status epilepticus episode, a seizure lasts longer than 5 minutes, or a person may have more than 1 seizure within a 5 minutes period, without returning to a normal level of consciousness between episodes.
Status epilepticus requires urgent medical treatment to lessen the chance of serious complications. Medical treatment needs to be started as soon as possible. Thus, Oxygen and other support for breathing and emergency medications are needed.
Which factor determines the potential cause of the episode?After the client is stabilized from an episode of status epilepticus, the factor which is most beneficial in determining the potential cause of the episode is compliance with the prescribed medication regimen. Thus, the medication helps in getting the desired results.
Hence, the answer is given and explained above.
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To minimize central tendency bias, a manager should:
a. record examples of positive and negative performance throughout the year
b. be fair and realistic in evaluations
c. define an accurate profile with both high and low points
d. evaluate employees against a predetermined standard
e. provide only negative feedback
Answer:
To minimize central tendency bias, a manager should: define an accurate profile with both high and low points- c.
Which of the following is not a question addressed by macroeconomists? a. Why is average income high in some nations but low in others? b. What, if anything, can the government do to promote growth in incomes, low inflation, and stable employment? c. What is the impact of foreign competition on the U.S. auto industry? d. Why do production and employment expand in some years and contract in others?
Answer:
c. What is the impact of foreign competition on the U.S. auto industry?
Explanation:
Economic theory is divided into two broad areas: macroeconomics and microeconomics.
Macroeconomics discusses large economic aggregates, such as income, inflation, and employment variations. It is an approach that aims to discuss these factors and bring about improvements through economic policies.
In turn, microeconomics deals with micro factors, such as the behavior of consumers and companies, including in relation to competitive structures. Therefore, item (D) deals with microeconomics and not macroeconomics.
The following listed questions are mostly related to macroeconomics but option c, concerning the impact of foreign competition on US auto industry, relates more specifically to microeconomics.
Explanation:The subject in focus is Macroeconomics and all of the options listed above correspond with considerations in the scope of Macroeconomics. However, option c. 'What is the impact of foreign competition on the U.S. auto industry?' aligns more closely with the field of Microeconomics. Macroeconomics often addresses questions about the economy as a whole, whereas Microeconomics would look more specifically at individual industries or businesses, such as the U.S. auto industry in relation to foreign competition. Thus, while it does have economic implications that could be considered in a macroeconomic context, it's more appropriately classed under Microeconomics. So, option c is the least-related to macroeconomics compared to the other choices.
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A turn-key project is best defined as:
a. a form of direct foreign investment in which the investing entrepreneur holds a minority ownership position in the foreign venture
b. a method in which an entrepreneur contracts his or her management techniques and skills to a (foreign) purchasing company
c. a method of doing business whereby a foreign entrepreneur supplies the manufacturing technology or infrastructure for a business and then turns it over to local owners
d. giving a foreign manufacturer the right to use a patent in return for the payment of a royalty
Answer:
b. a method in which an entrepreneur contracts his or her management techniques and skills to a (foreign) purchasing company.
Explanation:
A turn-key project is best defined as a method in which an entrepreneur contracts his or her management techniques and skills to a (foreign) purchasing company. Thus the correct option is B.
What is the turn-key project?A turnkey project is a method of task execution in which a single organization collaborates with the contract administrator to finish every stage of the project under a single contract.
The necessity for the project manager to monitor and manage the entire project is reduced with turnkey projects. It decreases the number of pointing fingers and assigning blame present during the completion.
The project owner's belief in the contractor is crucial to the turnkey approach as Budgets for projects are frequently offered prior to the conclusion of the design.
Therefore, option B is appropriate.
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Which of the examples below illustrates the economic principle of a negative externality? a. cost or benefit of a transaction that involves the buyer or seller when both parties lose money b. cost of transportation of goods from the site of production to a market c. cost of rebuilding roads damaged by trucks heavily loaded with goods d. cost of labor to produce a product
Answer:
C) cost of rebuilding roads damaged by trucks heavily loaded with goods
Explanation:
Externality is a microeconomic concept that aims to explain the positive or negative impact that an economic activity has on third parties. If by exercising an economic activity, a company indirectly benefits society or community, the externality is positive. If economic activity negatively impacts the surrounding community, externality is said to be negative.
For example, the pollution that an industry emits in the production process has deleterious effects throughout society, being a negative externality. Likewise, a truck causes potholes in the road, this is a negative externality, since all citizens' taxes, including most non-truckers, will be used to restore potholes in the roadway.
In the labor discipline model, and increase in unemployment will: A. increase workers’ employment rents and increase workers’ effort level. B. decrease workers’ employment rents and increase workers’ effort level. C. increase workers’ employment rents and decrease workers’ effort level. D. decrease workers’ employment rents and decrease workers’ effort level.
Answer: Option (D) is correct.
Explanation:
In the labor discipline model, an increase in unemployment will decrease workers’ employment rents and decrease workers’ effort level.
An increase in the unemployment, will shift the bargaining power towards employers. So, they are taking advantage of this situation by reducing the wage rate because they know that workers don't have much options of employment.
Now, employers giving lower wage to the workers, as a result this will discourage workers for giving their full effort to the work.
In the labor discipline model, an increase in unemployment decreases workers' employment rents and increases their effort level to avoid losing their jobs in a more competitive market. So, option B is correct.
In the labor discipline model, an increase in unemployment will typically decrease workers' employment rents and increase workers' effort level. Employment rents refer to the benefits a worker receives from being employed versus being unemployed, including wages, benefits, and the utility of employment itself. When unemployment rises, workers are more inclined to exert higher effort in their current jobs to avoid the risk of unemployment because finding another job becomes more difficult. Therefore, the correct answer to the student's question is B. decrease workers' employment rents and increase workers' effort level.
uppose you are interested in selling your home and would like to clear a net value of $300,000. If you have agreed to pay your broker a commission of 5.5% (no matter who ultimately is responsible for finding the buyer), what price must you sell the home for in order to meet your net profit ?
Answer:
Price to sell the house = $317,460.32
Explanation:
Total net profit required = $300,000
Provided commission to broker = 5.5% on selling value.
Therefore Net profit = 100 - 5.5 = 94.5% as this is net of commission.
Now we have Net Selling Price = $300,000/94.5% = $317,460.32
Note: Let us cross check
Commission on sales = $317,460.32 X 5.5% = $17,460.32
Therefore Net profit in hand = $317,460.32 - Commission $17,460.32 = $300,000
Final Answer
Price to sell the house = $317,460.32
Product A's contribution margin ratio (60%) is greater than Product B's contribution margin ratio (40%). Product A's contribution margin ratio can be contributed to its lower promotion and sales commissions costs. Thus, management should consider a. increasing the price of Product B. b. emphasizing Product A in its marketing plans. c. reducing Product B's promotion and sales commissions costs. d. All of these choices are correct.
Answer:
D. All the answers are correct to increase the benefit of the company. here briefly why.
Explanation:
A . increasing the price of product B (whenever possible) does not affect its variable costs or fixed costs, which would result in a higher profit margin.
B. Increasing the marketin plans of product A means an increase in costs, if with fixed costs for advertising campaigns the contribution margin per unit will be the same, but total sales increase. If the marketing campaign affects variable costs (such as reducing the sales price by a certain amount), it will result in a smaller unit contribution, but a larger amount of sales, which will increase profits.
C. The reduction of these variable or any other variable cost (whenever possible) of product B will result in a greater unit contribution, then, increase profits
Management should evaluate strategies such as increasing Product B's price, focusing marketing on Product A, or reducing Product B's promotional costs, in light of each product's contribution margin ratio and overall business goals, to maximize profitability.
Explanation:The student asked about the implications of the different contribution margin ratios between Product A and Product B and which strategy management should consider. The contribution margin ratio is a measure that helps companies decide how to maximize profits by comparing revenues with variable costs. Product A's higher contribution margin ratio suggests that it is more profitable per unit sold due to lower promotion and sales commissions costs. Therefore, the actions management could consider include increasing the price of Product B, emphasizing Product A in its marketing plans, or reducing Product B's promotion and sales commissions costs. Since each of these strategies has a different impact on profitability, management must evaluate based on the overall business strategy and market conditions.
From an economics standpoint, a firm's pricing and production decisions should consider marginal costs and marginal revenues to achieve optimal pricing and maximize profits. The contribution margin plays a crucial role in these decisions and understanding how to use them effectively can lead to better pricing strategies and improved profitability for the entire enterprise.
Sales mix is: a measure of the relative percentage in which a company’s products are sold. important to sales managers but not to accountants. easier to analyze on absorption costing income statements. a measure of the relative percentage of a company’s variable costs to its fixed costs.
Answer: a measure of the relative percentage in which a company’s products are sold
Explanation:
Sales mix is known to be the ratio of the total amount of sales which a company makes by selling its products. It shows the amount of profit that the company generate from sales of each of its products by comparing the profit realized from each type of product. Company often generates different level of profit from sales of its products and as a result, it is very vital to produce large quantity of the product which yield more profit than others because of its demand. Thus, sales mix is analyzed by companies in order to generate more revenue and profit.
Oliver Industries is evaluating the manufacturing process for one of their products. Oliver has determined that the process has yearly maintenance costs of $29,000, yearly operating costs of $22,000, and yearly revenues of $97,000. Two years ago, the firm spent $6,000 upgrading the equipment used to make this product, and it expects to spend $5,000 on additional upgrades three years from now. In this scenario, Olive
A has sunk costs of $51,000.
B does not have any sunk costs.
C has sunk costs of $5,000.
D has sunk costs of $6,000.
Answer:
D) has sunk costs of $6,000
Explanation:
Sunk cost is a cost which does not effect the financial decision, as this cost has already been incurred, and now it cannot be revoked.
Here maintenance cost is a regular expense which has to be incurred, and its not the cost which has already been incurred, same applies for operating cost.
Two years ago firm had spent $6,000 upgrading the equipment which was incurred earlier and now that cost cannot be revoked, further it will not lay any impact on any of the decisions made by the financial management.
Further amount to be spend of $5,000 has yet to be incurred and the decision to incur such cost can also be avoided, therefore it is not a sunk cost.
In this scenario D) has sunk sunk cost of $6,000
In periods of rising prices, the inventory method which gives the lowest possible ending inventory cost is the (A) FIFO method. (B) LIFO method. (C) weighted-average method. (D) lower of cost or market inventory method.
Answer: The answer is (B) LIFO method.
Explanation: The LIFO (last in, first out) method of inventory costs states that the most recent units are the first to leave. Therefore the oldest units are left in inventory.
In periods of rising prices the oldest units are the lowest cost units.
When Jason became one of three final candidates for a managerial position with a large pharmaceutical company, the hiring manager scheduled a special meeting with him. The two talked about the stressful deadlines and heavy travel required of the position, as well as the compensation and benefits. Jason appreciated that the hiring manager took the time to provide a(n)
(A) Behavioral description interview
(B) Realistic job review
(C) Unstructured Interview
(D) Situational Interview
(E) Performance Appraisal
Answer: the correct answer is (B) Realistic job review.
Explanation:
Some companies run a realistic job review with candidates to better know about them and to assess them in a better way.
Cassandra is trying to think of a good way to keep her financial records. She makes a lot of purchases, using cash, debit cards, and credit cards about equally. When she gets home every day, she tends to be very tired and doesn’t like to do a lot of organized thinking. She tends to lose individual pieces of paper if she doesn’t file them immediately. What might be a good method for Cassandra to use?
a. Recording all of her daily expenditures in an organizational computer program.
b. Keeping and collecting receipts for everything she buys.
c. Tracking and collecting her bank and credit statements every month.
d. Carrying a notebook and immediately recording all of her transactions in it.
Answer:
d. Carrying a notebook and immediately recording all of her transactions in it.
Explanation:
Cedar Designs Company, a custom cabinet manufacturing company, is setting standard costs for one of its products. The main material is cedar wood, sold by the square foot. The current cost of cedar wood is $6.00 per square foot from the supplier. Delivery costs are $0.25 per square foot. Carpenters' wages are $30.00 per hour. Payroll costs are $3.60 per hour, and benefits are $6.00 per hour. How much is the direct labor standard cost per hour
Answer: the correct answer is $39.60 per hour.
Explanation: since the question is about labor standard costs per hour, we have to set aside the material costs and focus on the labor costs. We have to add all the labor costs which means we have to add Carpenters's wage plus Payroll costs plus benefits that is $ 30.00 plus $3.60 plus $6.00 equals $39.60 per hour.
$39.60 per hour is the direct labor standard cost per hour. We must disregard the cost of the materials and concentrate on the labor costs
What is labor?The effort that people put forth to produce goods and services is referred to as labor. Both the engineer who created the bus that delivers you to school and the waiter who brings your food to a nearby restaurant are examples of labor resources.
We must disregard the cost of the materials and concentrate on the labor costs because the inquiry is about labor standard costs per hour. The total labor cost, which includes the pay for the carpenters as well as payroll expenses and benefits, comes to $39.60 per hour ($30.00 plus $3.60 plus $6.00).
Therefore, The direct labor standard cost per hour is $39.60. We must ignore material costs and pay attention to labor expenditures.
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Bramble corporation is a small wholesaler of gourmet food products. data regarding the store's operations follow:
What are the 5 determinants of supply?
Staples has a discount on flash drives and boxes of computer paper. It offers flash drives for $6 each and boxes of computer paper for $40 each box. If total sales on these discount items is $4200 for the week, and customers bought 5 times as many flash drives as boxes of computer paper, how many boxes of computer paper were sold?
60 boxes of computer paper would have been sold.
Explain the equations ?You need an equation in order to solve this problem. The 6D procedure or an equation is more effective and takes less time than the 5D approach, which you might also utilize . This would be the equation:
4200= (x•40) + (x•5)•6)
But because there are so many parenthesis in the equation, I'll try to determine X using the 5D technique. In essence, you pick a random number and try to replace X with it. Then, you check to see if the value is too high or low. After some time of assuming, I discovered that X = 60.
A mathematical equation is a formula that uses the equals sign to represent the equality of two expressions. The meanings of the word equation and its translations into various languages can vary slightly.
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The term "response" as used in the National Response Framework includes: A. Actions of private sector entities responsible for critical infrastructure but not actions of public service agencies. B. Actions that relate to only to the emergency responders. C. Actions to save lives, protect property and the environment, stabilize communities, and meet basic human needs prior to an incident. D. Actions to save lives, protect property and the environment, stabilize communities, and meet basic human needs following an incident.
Answer: Option D
Explanation: The National response framework is a guide that provides of framework for the nation on how to respond while facing a calamity or disaster.
A. National response framework includes both private sector and public sector agencies.
B. Actions relating to calamities and disasters are also included.
C. As per the guidelines in the framework the actions suggested are to be taken after the incident.
D. The response in the guidelines relates to stabilizing the situations after the disaster.
Assume that a speculator purchases a put option on British pounds (with a strike price of $1.50) for $.05 per unit. A pound option represents 31,250 units. Assume that at the time of the purchase, the spot rate of the pound is $1.51 and continually rises to $1.62 by the expiration date. The highest net profit possible on the option for the speculator based on the information above is:a.$1,562 b. -$1,562 c. -$1,250 d. -$1,250 e. None of the above
Answer:
b) -$1,562
Explanation:
The speculator has the chance for sale at 1.50 because the price rises instead of decrease, it is losing money.
The speculator does not use their right to sale at 1.50
It will simply lose the value on which purchase the put option
0.05$ per unit x 31250 units = 1562.5
Final answer:
The speculator's put option on the British pound becomes worthless as the spot rate rises above the strike price. The speculator incurs a loss equal to the cost of buying the option, which is -$1,562. As such, the highest net profit is $0, and the actual loss is -$1,562.
Explanation:
The question pertains to options trading, specifically a put option on the British pound. Given that the speculator purchased a put option with a strike price of $1.50 for $.05 per unit, and each option represents 31,250 units, the initial cost for the option is 31,250 units * $.05 = $1,562.50. However, as the spot rate of the pound increases from $1.51 to $1.62 by the option's expiration date, the option will expire worthless, since the speculator would not exercise the option to sell pounds at $1.50 when the market rate is $1.62. Therefore, the highest net profit possible on the option for the speculator, in this case, would be $0, and the speculator would incur a loss equal to the cost of the option, which is -$1,562.50 (approximated to -$1,562 for the answer choices).
The correct answer to the question is: b. -$1,562, representing the loss of the initial investment with no additional profit since the option is not exercised.
Gold Company was experiencing financial difficulties, but was not bankrupt or insolvent. The National Bank, which held a mortgage on other real estate owned by Gold, reduced the principal from $110,000 to $85,000. The bank had made the loan to Gold when it purchased the real estate from Silver, Inc. Pink, Inc., the holder of a mortgage on Gold’s building, agreed to accept $40,000 in full payment of the $55,000 due. Pink had sold the building to Gold for $150,000 that was to be paid in installments over 8 years. As a result of the above, Gold must:a. Include $40,000 in gross income.b. Reduce the basis in its assets by $40,000.c. Include $25,000 in gross income and reduce its basis in its assets by $15,000.d. Include $15,000 in gross income and reduce its basis in the building by $25,000.e. None of these.
As a result of the above, Gold must c. Include $25,000 in gross income and reduce its basis in its assets by $15,000.
Reduction by Bank = $110000 - $85000
= $25000
$25000 would be included in the gross income.
Reduction in mortgage = $55000 - $45000
= $10000
$10000 will reduce the basis of the building (or assets).
What is your gross income?Gross profits consist of your wages, dividends, capital gains, commercial enterprise profits, retirement distributions as well as other income. adjustments to profits consist of such objects as Educator fees, student loan hobby, Alimony payments or contributions to a retirement account.
For households and people, gross profits are the sum of all wages, salaries, income, hobby bills, rents, and other sorts of earnings, earlier than any deductions or taxes. it's miles against net profits, described as the gross profits minus taxes and other deductions.
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The State of the Union address is an annual report given by the president of the United States to Congress on the condition of the country and the president’s legislative and policy plans for the upcoming year. Although by law the president has the option of sending a written report, most presidents, especially in the 20th and 21st centuries, have chosen to give a speech. The State of the Union address typically lasts for an hour, and the president must be very careful to deliver a well-planned message. What mode of delivery works best for this situation?
Final answer:
The most effective mode of delivery for the State of the Union Address is a live televised speech. This approach allows the President to directly address both Congress and the American people, using the office as a 'bully pulpit' to persuade and inform on policy agendas.
Explanation:
Best Mode of Delivery for the State of the Union Address
The State of the Union Address is a powerful communication tool for the President of the United States. Given its importance as a way for the President to outline policy plans and legislative agendas to Congress and the American public, the mode of delivery that works best is a live televised speech. This method allows the President to address not only the members of Congress but also reach a nationwide audience, using the prestige of the office to advocate for their agenda. It utilizes the concept of the 'bully pulpit', a term coined by President Theodore Roosevelt, highlighting the unique platform the President has to persuade the public and congress to support his initiatives. A written report, while still constitutionally valid, lacks the immediate impact and wide reach of a live speech.
Traditionally, this speech has been delivered in front of a joint session of Congress each year, typically in January or February. The President is flanked by the Speaker of the House and the Vice President, with members of Congress, the Supreme Court, the Cabinet, and distinguished guests in attendance. The speech is broadcast on all major networks, thereby maximizing the address's reach and impact. The format of a live speech makes it a national event and captivates the attention of the media and the public, allowing the President to effectively highlight the administration's accomplishments and push for legislative measures.