Answer:
Total cost to produce 50 oatmeal is $20
Explanation:
We have given average total cost to produce 100 oatmeal cookies = $0.25
So Total cost = 0.25×100 = 25
Total variable cost to produce 100 cookies = marginal cost×100 = 0.1×100 = 10
Total fixed cost to produce 100 cookies = total cost-total variable cost = 25-10 = $15
Total cost of producing 50 cookies
=total fixed cost + total variable cost
=total fixed cost +(marginal cost ×50)
=15+(0.1×20)
=15+5
=$20
The total cost to produce 50 oatmeal cookies is $12.50.
Explanation:The total cost to produce 50 oatmeal cookies can be calculated by multiplying the average total cost per cookie by the number of cookies produced. In this case, the average total cost is $0.25 per cookie, so the total cost to produce 50 cookies would be $0.25 x 50 = $12.50.
This calculation assumes that the marginal cost remains constant for all the cookies produced, which is $0.10. The marginal cost represents the additional cost of producing one more cookie.
In summary, the total cost to produce 50 oatmeal cookies is $12.50.
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Sally Smith incurred expenses of $800 in June which she paid in July. She declared these expenses on her June income statement. By doing this she is following the accounting principle of:
Answer:
Accrual
Explanation:
The accounting principle of accrual means that you should register something when the fact that origins the right for the future payment/collecting occurs. It does not matter if the payment is done later, the fact that made you to pay was already done, so we apply accrual and say we already owe that money that we pay later.
In this example, Sally used the principle of accrual for the things in June that she later paid in July... but her expenses were origined in June, so they apply to June.
Sally Smith is adhering to the accrual basis of accounting and the matching principle by declaring June expenses on her June income statement despite paying them in July.
By declaring the expenses of $800 in June which she paid in July on her June income statement, Sally Smith is following the accrual basis of accounting. This approach is in line with the matching principle, one of the core principles of Generally Accepted Accounting Principles (GAAP). The matching principle dictates that expenses should be recognized in the period in which the related revenues are earned, regardless of when the cash transaction occurs.
In Sally's case, she has correctly matched her June expenses with the revenue of the same period to reflect the true financial activity. This practice provides a more accurate picture of Sally's financial performance for that period and is a common standard for financial reporting, especially in public organizations.
Managerial accounting differs from financial accounting in several areas. Specify whether each of the following characteristics relates to managerial accounting or financial accounting.
a. Focused on the future
b. Reporting is based mainly on the company as a whole
c. Reports are prepared usually quarterly and annually
d. Information is verified by external auditors
e. Focused on the past
f. Main characteristic of data is that it must be relevant
g. Reports tend to be prepared for the parts of the organization rather than the whole organization
h. Primary users are internal (for example, company managers)
i. Governed by Generally Accepted Accounting Principles (GAAP)
j. Main characteristic of data is that it must be reliable and objective
k. Reports are prepared as needed
l. Not governed by legal requirements
m. Primary users are external (i.e., creditors, investors)
Managerial accounting and financial accounting differ in several characteristics. Managerial accounting focuses on the future, while financial accounting focuses on the past. Managerial accounting reports tend to be prepared for parts of the organization, while financial accounting reports are based mainly on the company as a whole.
Explanation:a. Focused on the future: Managerial accounting focuses on the future by providing information for decision-making and planning.
b. Reporting is based mainly on the company as a whole: This characterizes financial accounting, as it focuses on providing financial information about the entire organization.
c. Reports are prepared usually quarterly and annually: Both managerial accounting and financial accounting prepare reports on a quarterly and annual basis to analyze performance.
d. Information is verified by external auditors: Financial accounting requires external audits to ensure the accuracy and reliability of the financial statements.
e. Focused on the past: Managerial accounting mainly focuses on analyzing historical data to evaluate performance and make informed decisions for the future.
f. Main characteristic of data is that it must be relevant: This is a characteristic of both managerial accounting and financial accounting, as both types of accounting require relevant information for decision-making.
g. Reports tend to be prepared for the parts of the organization rather than the whole organization: This is a characteristic of managerial accounting, where reports are prepared for specific segments or departments within the organization.
h. Primary users are internal (for example, company managers): The primary users of managerial accounting information are internal personnel such as managers, who use the information for decision-making.
i. Governed by Generally Accepted Accounting Principles (GAAP): Financial accounting follows GAAP, which provides guidelines for reporting financial information.
j. Main characteristic of data is that it must be reliable and objective: Both managerial accounting and financial accounting require reliable and objective data to ensure accurate decision-making and reporting.
k. Reports are prepared as needed: This relates to managerial accounting as reports can be prepared based on the specific needs of management.
l. Not governed by legal requirements: This is a characteristic of managerial accounting, which is not subject to the same legal requirements as financial accounting.
m. Primary users are external (i.e., creditors, investors): The primary users of financial accounting information are external parties such as creditors and investors.
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Managerial accounting is focused on the future, prepares reports as needed, and uses data that is relevant, whereas financial accounting focuses on the past, prepares reports annually or quarterly, and needs reliable and objective data.
Explanation:Here's how each of these characteristics relate to managerial accounting or financial accounting:
a. Focused on the future - Managerial Accounting b. Reporting is based mainly on the company as a whole - Financial Accounting c. Reports are prepared usually quarterly and annually - Financial Accounting d. Information is verified by external auditors - Financial Accounting e. Focused on the past - Financial Accounting f. Main characteristic of data is that it must be relevant - Managerial Accounting g. Reports tend to be prepared for the parts of the organization rather than the whole organization - Managerial Accounting h. Primary users are internal (for example, company managers) - Managerial Accounting i. Governed by Generally Accepted Accounting Principles (GAAP) - Financial Accounting j. Main characteristic of data is that it must be reliable and objective - Financial Accounting k. Reports are prepared as needed - Managerial Accounting l. Not governed by legal requirements - Managerial Accounting m. Primary users are external (i.e., creditors, investors) - Financial Accounting Learn more about Managerial Accounting vs Financial Accounting here:https://brainly.com/question/33407257
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Bob deposits $100 in a bank account that pays an annual interest rate of 5 percent. A year later, Bob withdraws his $105. If inflation was 7 percent during the year the money was deposited, then Bob’s purchasing power has increased by 2 percent. true or false?
Answer:
False
Explanation:
Purchasing power increases by amount of deflation (negative inflation). So, while inflation lowers purchasing power, deflation increases purchasing power by amount of deflation.
Increase in purchasing power = 7%
Phyllis, Inc., earns book net income before tax of $600,000. Phyllis puts into service a depreciable asset this year, and first year tax depreciation exceeds book depreciation by $120,000. Phyllis has recorded no other temporary or permanent book-tax differences. Assuming that the U.S. tax rate is 21%, what is Phyllis's total income tax expense reported on its GAAP financial statements?
a. $252,000b. $210,000c. $168,000d. $42,000
Answer:
b. $210,000
Explanation:
The computation of the total income tax expense is shown below:
= Net income before tax × U.S tax rate
= $600,000 × 21%
= $210,000
As in the question, the net income before tax includes depreciation expense so we do not add it again. That's why we do not consider the depreciation expense in the computation part.
Relevant information for Material A is as follows:
Actual quantity purchased and used: 6,500 lbs.
Standard quantity allowed: 6,000 lbs.
Actual price: $3.80
Standard price: $4.00
What was the direct material quantity variance for Material A?
Answer:
Direct Material Quantity Variance = $2,000 Unfavorable
Explanation:
For the provided information we have,
Actual quantity used = 6,500 lbs
Standard quantity allowed for actual production = 6,000 lbs
Actual price = $3.80
Standard price = $4.00
Direct Material Quantity Variance = (Standard Quantity - Actual Quantity) [tex]\times[/tex] Standard Price
= (6,000 lbs - 6,500 lbs) [tex]\times[/tex] $4.00
= - $2,000
As we can see that actual quantity used is more than the allowed standard quantity, thus, the variance is unfavorable.
Direct Material Quantity Variance = $2,000 Unfavorable
Which of the following are examples of opportunity costs? Check all that apply.
__ A firm cannot buy new treadmills for its on-site gym facility once it spends this money on new adjustable desks for employees.
__ The money spent on a movie ticket cannot buy a Blu-ray player.
__ The time spent preparing for a test cannot be spent playing computer games.
The answer is a and c I know this because if you spend time or money on on something you can not do the other and that is exactly what is happening.
The examples of opportunity costs among the given options are:
A firm cannot buy new treadmills for its on-site gym facility once it spends this money on new adjustable desks for employees.The time spent preparing for a test cannot be spent playing computer games.Opportunity cost refers to the value of the next best alternative forgone when making a decision. It represents the potential benefits or opportunities that are lost or sacrificed as a result of choosing one option over another.
In essence, it is the cost of what is given up in order to pursue a particular course of action. It involves considering the benefits or resources that could have been obtained if a different choice had been made.
Opportunity costs are essential in decision-making as they help evaluate trade-offs and weigh the benefits and drawbacks of different options.
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Allen is in the marketing department of a midsize firm that develops and sells communications systems. He is proud of the human resource area in the company that provides the firm with excellent employees. Allen himself really enjoys his work, but he knows the work of HR helps create an operational advantage for the firm because of all the following except
A. the company provides products with a high perceived value.
B. it is easier to communicate with and inspire the customer if the employees believe in what the firm is doing.
C. customers appreciate the kind of service that knowledgeable employees provide.
D. building customer loyalty depends on a committed workforce.
E. employees play a major role in the success of the firm.
Answer: Building customer loyalty depends on a committed workforce
Explanation: The duties of human resource department includes employing suitable individuals for different jobs and maintaining a positive culture within the work place, so that the employees feel comfortable. Also the training of employees and resolution of any conflict is also done by the HR department.
But customer loyalty is done by the marketing department of any organisation as they are responsible for building positive relationships with the existing and potential customers.
Hence, from the above we can conclude that the correct option is D.
Value-stream mapping
A) starts with the customer and works backwards.
B) examines the supply chain to determine where value is added.
C) is a variation of time-function mapping.
D) extends time function mapping back to the supplier.
E) All of the above are true.
Answer:
E) All of the above are true.
Explanation:
What does the phrase limited liability mean in a corporate context? (Select all the choices that apply.)
A.Owners' liability is limited to the amount they invested in the firm.
B.Stockholders are not responsible for any encumbrances of the firm; in particular, they cannot be required to pay back any debts incurred by the firm.
C.Owners' liability is limited to fifty percent of the amount they invested in the firm.
D.Stockholders are not responsible for any encumbrances of the firm beyond fifty percent of the amount they invested in the firm; in particular, they cannot be required to pay back any debts incurred by the firm.
Answer: Option A and B.
Explanation: Limited liability concept originates from the concept of separate legal entity. As per separate legal entity the owner of the company and the company itself are two different entities.
Thus,in case of any default or liquidation of the company, owner will be liable to pay only to the extent of his investment in the company. The personal assets of the owner could not be taken into consideration for the purpose of repayment.
Hence, from the above we can conclude that the correct option is A and B.
A factorial experiment
- yields data that are analyzed by the statistical technique of factor analysis.
- includes only measures that constitute ratio scales.
- has more than one independent variable.
- cannot be used to study interaction effects involving two independent variables.
Answer: has more than one independent variable.
Explanation: Factorial experiments involve simultaneously more than one factor each at two or more levels. Several factors affect simultaneously the characteristic under study in factorial experiments and the experimenter is interested in the main effects and the interaction effects among different factors.
The market price of airline flights increased recently. Some economists suggest that the price increased because several airlines went out of business. They believe that, in the market for flights: supply decreased. supply increased. demand decreased. demand increased.
Answer:
The correct answer is supply decreased.
Explanation:
Suppose the market price for airline flights increased recently. This increase in price can be either because of an increase in demand or decrease in supply. Economists suggest that price increased because several airlines went out of business.
This means that the market supply of airline flights has decreased. This decrease in the supply of flights will cause a leftward shift in the supply curve. As a result, the new supply curve will intersect the demand curve at a higher point. This will further cause an increase in the price of airline flights.
The increase in airline flight prices suggests a decrease in supply due to airlines going out of business and possibly other factors like higher input costs or increased demand during holidays. This pricing provides essential cues that help both consumers and producers make decisions.
An increase in the market price of airline flights often indicates a change in supply and demand dynamics. When several airlines go out of business, there is typically a decrease in supply because fewer flights are available. In contrast, if more people are seeking to fly, for instance, during holidays, there would be an increase in demand. Changes in input costs, such as jet fuel, can also affect prices. Consumers respond to these price signals by deciding whether to purchase a product or wait for a potentially lower price in the future. Similarly, producers adjust their production based on the information they gather from price changes.
The market price of airline flights increased recently. Some economists suggest that the price increased because several airlines went out of business. They believe that, in the market for flights:
supply decreased.
supply increased.
demand decreased.
demand increased.
When direct materials are requisitioned, they flow directly into
a) manufacturing overhead account.
b) work in process inventory account.
c) cost of goods sold account.
d) finished goods inventory account.
Answer:
b) work in process inventory account
explanation:
As the direct materials are requisitioned they flow directly into the work process inventory because direct materials fall under production costs and this is where Labour and overhead transform the direct materials to finished products
The correct option ' When direct materials are requisitioned, they flow directly into' b) work in process inventory account.
When direct materials are requisitioned, they flow directly into the work in process inventory account. Work in process inventory represents the goods that are in the process of being manufactured or assembled but are not yet completed. Direct materials are the raw materials or components that are directly used in the production process.
By recording the direct materials requisition in the work in process inventory account, the company tracks the cost of materials that are being used to create the final product. This helps in accurately calculating the cost of production and determining the value of the work in progress.
Once the product is completed, the cost of the direct materials used will be transferred from the work in process inventory account to the finished goods inventory account. From there, it will eventually be transferred to the cost of goods sold account when the product is sold.
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Fishing Adventures rents small fishing boats to tourists for daylong fishing trips. Each boat can only carry 1500 pounds of people and gear for safety reasons. Assume the average weight of a person is 150 pounds. Each group will require 200 lbs of gear for the boat plus 10 lbs of gear for each person. Who want to rent a boat?
Answer:
Who want to rent a boat? 8 person
Explanation:
Carry 1500 pounds
Carry 200 pouns
Average 150 pound /person
Additional10 pounds/person
1500-200=150x +10x
1300=160x
x=1300÷160
x=8,12
8 person Aditional Gear
150 10
8 8
1200 80 200 1480
Catherine decided to have lunch at tom's, one of the most popular restaurants in town. she ordered soup before her main course as usual. the soup served to catherine contained a maggot floating about in it. she sued tom's for negligence. the most likely result will be:a) Catherine will not win since she did not sustain any damages.b) Catherine will not win, as bones in clam chowder are foreseeable. c) Catherine will win if she proves emotional distress. d) Catherine will win because the restaurant failed to use due care.
Answer:
A
Explanation:
Did she eat it first?, Did she get sick?
To prove negligence, Catherine would need to show that the restaurant failed to use due care, that this failure caused emotional distress, and that the harm was reasonably foreseeable. None of the given options on its own definitely secures a win for Catherine, but rather a combination of proving emotional distress and lack of due care would.
Explanation:In negligence cases, the plaintiff needs to prove that the defendant (in this case, Tom's restaurant) failed to exercise the appropriate level of care, that this failure caused some damage or injury, and that the damage or injury was reasonably foreseeable. Based on this, a) is incorrect because although she didn't sustain physical damages, emotional distress can potentially count as damages, as per option c).
Speaking of c), Catherine will indeed win if she proves emotional distress, but she would also need to prove that finding a maggot in her soup was a foreseeable consequence of the restaurant's negligence. Option b) refers to a different factual scenario (bones in clam chowder), so it's irrelevant in this case. Also, suing for negligence is contingent on proving that the restaurant failed to exercise due care, which is option d). To oversimplify it, negligence = lack of due care.
However, keep in mind that simply finding a maggot in her soup might not categorically prove lack of due care. Therefore, although c) and d) seem to explain aspects of what Catherine needs to do to win a negligence case, neither are complete or necessarily accurate on their own. Therefore, the most likely result isn't definitive based on the options but would be based on a combination of proving emotional distress and lack of due care.
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Suppose Maria prefers to buy a bond with a 7% expected return and 2% standard deviation of its expected return, while Jennifer prefers to buy a bond with a 4% expected return and 1% standard deviation of its expected return.Can you tell if Maria is more or less risk-averse than Jennifer?
Answer:
Maria is more risk-averse
Explanation:
By nature this question can be seeing as a coutien between the risk (standard deviation) and return so let's check the following formula:
Return per risk unit= return/standard deviation
So applying that formula to this particular case we have:
Maria's case=0.07/0.02
Maria's case=3.5
Jennifer's case=0.04/0.01
Jennifer's case=4
So the conclusion here is that even Maria has a higher standard deviation her risk per return is less than jennifer
Which of the following statements is correct? Buyers determine supply and sellers determine demand. Buyers determine demand and sellers determine supply Buyers determine both demand and supply. Sellers determine both demand and supply.
Answer: The statement "Buyers determine demand and sellers determine supply" is correct.
Explanation: Offer: It is the quantity of goods or services for sale that exists in the market by its bidder.
Demand: It is the amount of product demand that consumers want to acquire within an economy.
Answer:
Buyers determine demand, and sellers determine supply.
Explanation:
Supply is the amount of goods that sellers are willing to sell at various given prices. Demand is the amount of goods buyers/consumers are willing to buy at a given price. The market as an economic activity brings buyers and sellers together. Buyers determine demand for a particular product at various prices while sellers determine the supply of a particular product at various prices.
Give brief definitions of the following concepts: Game theory, cooperative equilibrium, noncooperative equilibrium, dominant strategy, and Nash equilibrium, and price leadership. To do this, identify the definition for each term from the following list.
a) Actions taken by a firm to achieve a goal, such as maximizing profits.
b) The study of how people make decisions where attaining goals depends on interactions with others.
c) A table that shows the payoffs each firm earns from every combination of firm strategies.
d) An agreement among firms to charge the same price or otherwise not to compete.
e) A strategy that is the best for a firm, no matter what strategies other firms use.
f) A situation in which each firm chooses the best strategy, given the strategies chosen by other firms.
g) A game outcome in which players seek to increase their mutual payoff.
h) A game outcome in which players pursue their own self-interest.
i) A situation in which no player can make himself better off by changing his decision at any decision node.
j) A situation where one firm announces a price change, which is matched by other firms in the industry.
Answer:
Game theory is a branch of the economy that studies the decisions in which for an individual to succeed he has to take into account the decisions made by the rest of the agents involved in the situation.
The Nash equilibrium or Cournot equilibrium or Cournot and Nash equilibrium or fear equilibrium is, in game theory, 1 2 a "solution concept" for games with two or more players, 3 which assumes that:
Each player knows and has adopted their best strategy, and Everyone knows each other's strategies.Dominant strategies are considered better than other strategies, no matter what other players do. In game theory, there are two types of strategic domain:
a strictly dominant strategy is the strategy that always provides greater utility to one player, regardless of the strategy of the other player; a weakly dominant strategy is the strategy that provides at least the same utility for all other player's strategies, and strictly superior for some of their strategies.Answer: Game theory - "b) The study of how people make decisions where attaining goals depends on interactions with others."
Cooperative equilibrium - "g) A game outcome in which players seek to increase their mutual payoff."
Noncooperative equilibrium - "h) A game outcome in which players pursue their own self-interest."
Dominant strategy - "e) A strategy that is the best for a firm, no matter what strategies other firms use."
Nash equilibrium - "f) A situation in which each firm chooses the best strategy, given the strategies chosen by other firms."
Price leadership - "j) A situation where one firm announces a price change, which is matched by other firms in the industry."
Lake Charles Seafood makes 500 wooden packing
boxes for fresh seafood per day, working in two 10-hour shifts.
Due to increased demand, plant managers have decided to operate
three 8-hour shifts instead. The plant is now able to produce
650 boxes per day.
a) Calculate the company�s productivity before the change in
work rules and after the change.
b) What is the percentage increase in productivity?
c) If production is increased to 700 boxes per day, what is the
new productivity?
a)
Before the change: Productivity = 25 boxes/hour.
After the change: Productivity = 27.08 boxes/hour.
b) Percentage increase = 8.32%.
c) With 700 boxes/day: New productivity ≈ 29.17 boxes/hour.
a) Prior to the adjustment in work rules, Lake Charles Seafood's productivity was calculated as follows:
Initial Output: 500 boxes/dayInitial Input: 2 shifts * 10 hours/shift = 20 hoursProductivity before change = 500 boxes / 20 hours
= 25 boxes/hour
After the change in work rules:
New Output: 650 boxes/dayNew Input: 3 shifts * 8 hours/shift = 24 hoursProductivity after change = 650 boxes / 24 hours
= 27.08 boxes/hour
b) The resulting percentage increase in productivity is:
Percentage Increase = ((New Productivity - Old Productivity) / Old Productivity) * 100
Percentage Increase = ((27.08 - 25) / 25) * 100
= 8.32%
c) If production is further increased to 700 boxes per day:
New Output: 700 boxes/dayInput remains at 24 hours (3 shifts * 8 hours/shift)New Productivity = 700 boxes / 24 hours
= 29.17 boxes/hour
This demonstrates how the company's productivity further improves with an increased output of 700 boxes per day.
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Before the change, the company's productivity was 25 boxes per hour. After the change, the productivity increased to approximately 27.08 boxes per hour, resulting in a percentage increase of about 8.32%. If production is further increased to 700 boxes per day, the new productivity would be approximately 29.17 boxes per hour.
Explanation:To calculate the company's productivity before and after the change in work rules, we need to determine the number of boxes produced per hour in each scenario. Before the change, the company produces 500 boxes per 20 hours of work (two 10-hour shifts). So, the productivity is 500 boxes / 20 hours = 25 boxes per hour. After the change, with three 8-hour shifts, the company produces 650 boxes per 24 hours of work. So, the productivity is 650 boxes / 24 hours ≈ 27.08 boxes per hour.
To calculate the percentage increase in productivity, we can use the formula: ((New Productivity - Old Productivity) / Old Productivity) ×100%. ((27.08 - 25) / 25) ×100% ≈ 8.32%.
If production is increased to 700 boxes per day, the new productivity would be 700 boxes / 24 hours ≈ 29.17 boxes per hour.
Lipstik, Inc. makes cosmetics. Lipstik intentionally mislabels its packaged products to conceal a defect. Trusting and relying on the mislabeling, Mikayla buys a Lipstik product and suffers an injury. Lipstik is most likely liable for
a. product misuse.
b. fraud.
c. privity.
d. puffery.
Answer:
fraud
Explanation:
the company when making an action with knowledge knows that this product can cause great damage to the end customer and as such action does in the aforementioned products, it generates a fraud in quality, advertising and marketing, threatening the user
Casey Communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. This action had no effect on the company's total assets or operating income. Which of the following effects would occur as a result of this action?a. The company's current ratio increased.b. The company's times interest earned ratio decreased.c. The company's basic earning power ratio increased.d. The company's equity multiplier increased.e. The company's debt ratio increased.
Answer:
The correct answer is a. The company's current ratio increased.
Explanation:
Common shares are the main form of participation in corporate capital, a type of securities.
The terms "with the right to vote" or "ordinary share" are also frequently used to designate common stock. It is called "common" to distinguish it from preferred shares.
If there are two types of shares, common stockholders cannot receive dividends until all preferred stock dividends are paid in full.
In the event of bankruptcy, in addition, investors in common shares receive the remaining funds after all creditors (including employees) are paid, and the holders of preferred shares. Therefore, investors in common stock often receive nothing after bankruptcy. On the other hand, common stock on average has a better performance (higher profitability) than preferred stock or bonds.
The action of Casey Communications using the proceeds from new stock to pay off short-term debt leads to an increased current ratio, which improves the company's liquidity measure.
Explanation:The question is about the financial impacts of debt and equity transactions on a company's financial ratios. Specifically, Casey Communications used the proceeds from issuing new common stock to pay off some of its short-term notes payable. Since the company's total assets or operating income was not affected by this action, we can analyze the effects on different financial ratios.
The correct answer is a. The company's current ratio increased. By paying off short-term debt with proceeds from issuing equity, the company lowers its current liabilities while maintaining its current assets, resulting in an increased current ratio, which is a liquidity measure. The other options are incorrect because the times interest earned ratio would be unaffected with no changes in operating income or interest payments, the basic earning power ratio remains the same absent changes to operating income, the equity multiplier is unaffected as total assets remain constant, and the debt ratio decreases as the overall debt level is reduced.
Businesses across the country are starting to install extra insulation in their buildings and warehouses. Households are now deciding to install more insulation as well. Which of the following outcomes would you predict will happen to the market for oil?a) Equilibrium price and quantity of oil will increase. b) Equilibrium price and quantity of oil will decrease.c) Equilibrium price will decrease and quantity will increase. d) Equilibrium price will increase and quantity will decrease.
Answer:
The answer is: B) Equilibrium price and quantity of oil will decrease.
Explanation:
When a company or a family installs extra insulation in their buildings or homes, then they will end up spending less money on both their electricity and heating bills. That will result in a lower demand for oil, so the price of oil will go down. As oil prices go down, the oil companies will decrease the oil supply until a new equilibrium point is reached.
The increased installation of insulation will lead to a decrease in both the equilibrium price and quantity of oil due to a decrease in demand, represented by a leftward shift in the demand curve. So, option b is correct.
The question concerns the impact of increased insulation in buildings and households on the market for oil. When businesses and households install more insulation, they will require less heating, leading to a decrease in the demand for oil. This decrease in demand is represented by a leftward shift in the demand curve for oil, resulting in a downward movement along the supply curve. The outcome is a decrease in both the equilibrium price and quantity of oil. Therefore, the correct prediction for the outcome on the market for oil, given that businesses and households are installing more insulation, would be option (b) Equilibrium price and quantity of oil will decrease.
Match each term with the correct definition.
economics
opportunity cost
marginal analysis
utility
a. The next-best thing that must be forgone in order to produce one more unit of a given product.
b. The pleasure, happiness, or satisfaction obtained from consuming a good or service.
c. The social science concerned with how individuals, institutions, and society make optimal (best) choices under conditions of scarcity.
d. Making choices based on comparing marginal benefits with marginal costs.
Answer:
1. Economics - The social science concerned with how individuals, institutions, and society make optimal (best) choices under conditions of scarcity.
2. Opportunity cost - The next-best thing that must be forgone in order to produce one more unit of a given product.
3. Marginal analysis - Making choices based on comparing marginal benefits with marginal costs.
4. Utility - The pleasure, happiness, or satisfaction obtained from consuming a good or service.
Rockwell Inc. reported the following results for the year ended June 30, 2016:
Retained earnings, July 1, 2015 $3,900,000
Net income, 714,000
Cash dividends declared, 100,000
Stock dividends declared, 50,000
Prepare a retained earnings statement for the fiscal year ended June 30, 2016. Refer to the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. Enter all amounts as positive numbers. The word "Less" is not required.
Answer:
See attached file
Explanation:
The Retained Earnings Statement is prepared to show changes in the amount of retained earnings over the accountable period. Retained earnings and Stockholders´ contributions are the main accounts in Stockholders´ Equity.
The first ones are profits reserved by the company to invest in future projects rather than distribute as dividends to shareholders, that’s why are calculated as follows:
Retained Earnings Final Balance = Retained Earnings Beginning balance – Dividend in cash – Stock dividend + Net Income – Net loss.
Stock Divided will register as Stockholders´ contributions.
Grace is a finance manager at her firm. She wants to make a decision based on the inputs of her group members and their agreement. Which participative leadership style should Grace use?
Answer: Consensus leadership style
Explanation: In the consensus leadership style the leader tries to incorporate every team member in the decision making process. In such leadership style, all the members of the team tries to make a decision that benefits all of them.
In the given case, Grace wants the inputs from all of its team members while making a decision. Hence, she can use consensus leadership style.
When considerable overlap occurred between inflation and recession in the last half of the 1970s and early 1980s, the Fed responded by
A. keeping interest rates high.
B. pursuing a rapid expansion of the monetary base.
C. pushing interest rates down to near zero.
D. adopting a policy of inflation targeting.
Answer:
A. keeping interest rates high.
Explanation:
In the late 1970s. The rate of inflation was very high, exceeding 10% in 1979 and 1980, so the Federal Reserve used tight monetary policy to raise interest rates, with the federal funds rate rising from 5.5% in 1977 to 16.4% in 1981.
A service-based organization has adopted an expansionist strategy. It has taken on a number of big contracts from clients and is on a tight schedule to supply services by the deadlines promised. Which of the following statements, if true, will result in the staffing goals being best aligned to the organizational strategy?
A) Time taken to fill a position should be tracked for each recruiting source and the fastest possible source should be utilized.
B) Staffing should be done keeping in mind the costly training necessary for the job and only the best qualified applicants should be hand-picked.
C) Aggressive staffing should be done indiscriminately as a long training period guarantees that the applicants know how to do the job.
D) Compensation offered should be kept higher than the average market rate so that the maximum number of applicants is attracted
Answer:
Thee answer is: A) Time taken to fill a position should be tracked for each recruiting source and the fastest possible source should be utilized.
Explanation:
When adopting an expansionist strategy the company is trying to achieve a higher sales growth rate than before. Since it took several new big contracts it will probably have to hire several (or very many) new employees and they need to do it fast. Usually when this happens, the company will try to hire the best possible applicants from the fastest recruiting source.
For analysis purposes Jenny considers her restaurant to have three day parts. These three are breakfast, lunch and dinner. Last month Jenny s breakfast sales were $ 20,000. Lunch sales were 40% of total sales. Total sales were $200,000. What was the amount of sales contributed by the dinner day part?
Answer:
Amount of sale contributed by dinner was $100,000
Explanation:
If total sales were $200,000 and breakfast sales were $20,000 and lunch sales were 40% of totales sales ($200,000 x 0,4=$80,000) that woud be:
$200,000 total sales
-
$20,000 breakfast
-
$80,000 lunch
---------------
$100,000 dinner
In a normal costing system, the cost of a job includes
A. actual direct materials, actual direct labor, and estimated (applied) overhead.
B. estimated direct materials, estimated direct labor, and estimated overhead.
C. actual direct materials, actual direct labor, actual overhead, and actual selling cost.
D. actual direct materials, actual direct labor, and actual overhead.
E. None of these. Job-order costing requires the use of actual, not normal, costing.
Answer:
a. actual direct materials, actual direct labor, and estimated (applied) overhead.
Explanation:
The cost will include all the resources that are directly related to the final product that the firm will try to sell.
The correct option is A. actual direct materials, actual direct labor, and estimated (applied) overhead.
In a normal costing system, the cost of a job is composed of the following elements:
1. Actual direct materials: This refers to the actual cost of materials that are used directly in the production of a specific job. These costs are typically traceable to the job and are recorded when the materials are issued from inventory to the production floor.
2. Actual direct labor: This is the actual cost of labor that is directly involved in working on a specific job. Like direct materials, direct labor costs are also traceable to the job and are recorded as the labor is performed.
3. Estimated (applied) overhead: Overhead costs are indirect costs that cannot be easily traced to individual jobs. In a normal costing system, overhead is applied to jobs based on a predetermined overhead rate. This rate is calculated by dividing the estimated total overhead costs for a period by the estimated total allocation base (such as direct labor hours or machine hours) for that same period. The applied overhead is not the actual overhead incurred but rather an estimate to facilitate costing of jobs.
The other options are incorrect for the following reasons:
B. Estimated direct materials and estimated direct labor are not used in a normal costing system. Instead, actual costs are used for direct materials and direct labor.
C. Actual selling costs are not included in the cost of a job in a normal costing system. Selling costs are typically treated as period costs and are expensed in the period in which they are incurred, not allocated to the cost of goods sold or inventory.
D. Actual overhead is not used in a normal costing system. Instead, estimated overhead (applied overhead) is used.
E. Job-order costing can use either actual costing or normal costing. The statement that job-order costing requires the use of actual, not normal, costing is incorrect. Job-order costing can be implemented with a normal costing system, which is common in many manufacturing environments to simplify the process of assigning overhead costs to jobs.
A zero-coupon bond pays no interest payments to the bondholder. It has a $1,000 par value and matures in 5 years. What is the value of this bond if the market rate of interest on similar risk bonds is 10%?
Answer:
$620.92
Explanation:
Present Value Paid at Maturity = Face Value / (Market Rate/ 100) ^ Number Payments
Present Value of Interest Payments = Payment Value * (1 - (Market Rate / 100) ^ -Number Payments) / Number Payments)
Present Value of Bond = Present Value Paid at Maturity + Present Value of Interest Payments
A zero-coupon bond pays no interest but is instead sold at a discount and repaid at maturity. Using the present value formula, the bond's value can be calculated. In this scenario, the bond would be worth approximately $620.92 with a market interest rate of 10%.
Explanation:A zero-coupon bond is a type of bond that pays no interest to the bondholder and is sold at a discount to its face value, with the full face value paid at maturity. In the given scenario with a market interest rate of 10%, the value of the bond can be calculated using the formula for present value of a bond.
The formula P = F / (1 + r)^n can be applied, where P is the bond's present value, F is the face value, r is the market interest rate, and n is the number of years to maturity. Plugging in the values ($1,000 as F, 10% as r, and 5 years as n) will give the bond's value.
In this case, the value of the zero-coupon bond would be approximately $620.92 when the market interest rate is 10%.
Your supervisor has asked you to set up a RAID hard drive array in a tower system, which has a motherboard that uses the B360 chipset. You have installed the required three matching hard drives to hold the array. When you enter BIOS/UEFI to configure the RAID, you cannot find the menus for the RAID configuration. What is most likely the problem?
Answer:
the most likely problem is that the B360 motherboard chipset does not support RAID configurations.
Explanation:
In the context of Information Technology RAID is a way to connect various drives together in order to improve performance, redundancy, or both. Based on the information provided within the question the most likely problem is that the B360 motherboard chipset does not support RAID configurations. Not all motherboard chipsets actually have support for RAID, whether or not they do support it is usually found in the motherboards included manual.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
The B360 chipset does not support RAID.
Explanation:
Your supervisor has asked you to set up a RAID hard drive array in a tower system, which has a motherboard that uses the B360 chipset. You have installed the required three matching hard drives to hold the array. When you enter BIOS/UEFI to configure the RAID, you cannot find the menus for the RAID configuration. Therefore, the most likely problem is the B360 chipset does not support RAID.