Suppose a manufacturer makes two types of skis: a trick ski and a slalom ski. Each trick ski requires 8 hours of design work and 4 hours of finishing. Each slalom ski requires 8 hours of design and 12 hours of finishing. Furthermore, the total number of hours allocated for design work is 160 and the total available for finishing work is 180. Finally, the number of tricks skis produced must be less than or equal to 15. How many trick and slalom skis can be made under these conditions? The profit on each trick ski is $5 and the profit on each slalom ski is $10.

Answers

Answer 1

Answer:

The company can make 13 trick skis and 6 slalome skis

Explanation:

For trick skis:

8 hours design

4 hours finishing

For Slalom skis:

8 hours design

12 hours finishing

Total number for design = 160

Total number for finishing= 180

Therefore we have:

8x + 8y = 160

4x + 12y = 180

Let's solve with substitution method

8x + 8y = 160........*1

4x + 12y = 180........*2

We now have:

8x + 8y = 160

8x + 24y = 360

= -32y = -200

[tex] y = \frac{200}{32} [/tex]

y = 6.25

Let's substitute 6.25 for y in equation 1.

8x + 8(6.25) = 160

= 8x = 160 - 50

[tex] x = \frac{110}{8} [/tex]

x = 13.75

x = 13.75 and y = 6.25

The company can make a 13 trick skis and 6 slalom skis.


Related Questions

Giorgio Italian Market bought $5,600 worth of merchandise from Food Suppliers and signed a 90-day, 10% promissory note for the $5,600. Food Supplier's journal entry to record the collection on the maturity date is: (Use 360 days a year.)

Answers

Final answer:

The question involves calculating the interest on a promissory note and determining the journal entry for the collection of the amount due at maturity. The interest is calculated based on a principal of $5,600 at a 10% annual rate over a 90-day period, resulting in $140 of interest and a total amount due of $5,740.

Explanation:

The scenario described in the question relates to a promissory note transaction between Giorgio Italian Market and Food Suppliers. Giorgio Italian Market has purchased merchandise and has agreed to pay the sum of $5,600 back to Food Suppliers in 90 days with a 10% interest using a promissory note. To address this question, we need to calculate the interest accrued and the total amount due on the maturity date, considering a 360-day year for simplicity in interest calculation.

To calculate the interest: Interest = Principal × Rate × Time = $5,600 × 10% × (90/360) = $140.

So, the total amount due on the maturity date would be the principal plus interest: Total Amount = Principal + Interest = $5,600 + $140 = $5,740.

Therefore, Food Supplier's journal entry to record the collection on the maturity date will debit Cash for $5,740, credit Notes Receivable for $5,600, and credit Interest Revenue for $140.

To record the collection on the maturity date, Food Suppliers should debit Cash $5,740, credit Notes Receivable $5,600, and credit Interest Revenue $140. This includes both the principal and the interest earned over the 90-day period.

Promissory Note Collection:

To record the collection of the 90-day, 10% promissory note (considering a 360-day year), Food Suppliers must account for both the principal and the interest.

Steps to Calculate Interest:

Calculate the interest for 90 days:

Interest = Principal × Rate × Time = $5,600 × 10% × (90/360) = $140.

Total amount collected at maturity date:

Total = Principal + Interest = $5,600 + $140 = $5,740.

Journal entry for Food Suppliers:

Debit Cash $5,740 Credit Notes Receivable $5,600 Credit Interest Revenue $140.

This journal entry properly reflects the collection of the note's principal and the earned interest.

Which is a TRUE statement about price premiums for differentiated products? Consumers are relatively insensitive to premium prices. Consumers are highly sensitive to price premiums. Consumers are ambivalent to price premiums. None of these

Answers

Final answer:

Consumers are highly sensitive to price premiums for differentiated products as different consumers place different valuations on products. Discounts, coupons, and premium pricing cater to various consumer segments based on their price sensitivity.

Explanation:

Consumers are highly sensitive to price premiums. Price premiums for differentiated products reflect the fact that different consumers will generally place different valuations on the product. As price declines, more consumers will find it attractive to participate in the market. Premium pricing, coupons, and discounts all cater to different segments of price-sensitive and price-insensitive consumers.

Two board groups within the human services industry include workers, who have direct contact with clients, and ___ who have little or no contact with clients

Answers

Answer:

Back office staff who have little or no contact with clients

Explanation:

Front end or client facing staff deal with customers on daily basis. Where as your back office staff do not have interaction with clients generally and focus more on administrative roles and responsibilities and other internal requirements of the company. Thus the name "back office" staff.

Two groups in the human services industry include workers with direct client contact, such as health care providers, and administrative staff who handle behind-the-scenes operations but do not typically engage with clients.

Two board groups within the human services industry include workers, who have direct contact with clients, and administrative staff who have little or no contact with clients. Administrative staff encompass a variety of roles that are critical to the functioning of human services organizations but do not typically involve direct service to clients.

These roles can include upper management and executives, finance and accounting personnel, IT professionals, human resources personnel, and other support staff. Essentially, they ensure that the organization runs smoothly and can fulfill its mission effectively.

For example, the Executive Director (ED) of a human services agency may not have direct contact with clients but is crucial in making strategic decisions and overseeing the organization to create a positive work environment. Similarly, individuals in public relations, like a staff member with the Association for the Blind, although indirectly affecting client outcomes, do not provide hands-on services to clients. They focus on community engagement, fundraising, and liaising with government agencies.

Some workers, such as health care providers including doctors, nurses, and therapists, often serve as the front line of direct client contact. Their roles are distinct in that they deliver direct services tailored to the individual needs of clients. Comparatively, those in the pharmaceutical industry work behind the scenes contributing to client care by developing and distributing medications, yet they typically do not interact with clients directly.

A very hot summer in Atlanta will cause a. the demand curve for lemonade to shift to the left. b. the demand for air conditioners to decrease. c. a movement downward and to the right along the demand curve for tank tops. d. the demand for jackets to decrease.

Answers

Answer:

d. the demand for jackets to decrease

Explanation: In the hot summer there is not a need for a jacket therefore less people will buying jackets. The demand goes down.

d. the demand for jackets to decrease.

Impact of WeatherWeather can have an impact on the supply of products and services.Almost every customer buying choice is influenced by the weather. Weather fluctuations can influence the food we consume, the clothes we wear, the automobile we drive, and even the type of house we buy.A very hot summer in Atlanta will cause d. the demand for jackets to decrease.

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Vipsana's Gyros House sells gyros. The cost of ingredients (pita, meat, spices, etc.) to make a gyro is $2.00. Vipsana pays her employees $60 per day. She also incurs a fixed cost of $120 per day. What is Vipsana's total cost per day when she does not produce any gyros and does not hire any workers

Answers

Final answer:

Vipsana's Gyros House's total cost on a day with no production and no workers hired is only the fixed cost of $120, which is incurred regardless of the business operations.

Explanation:

Vipsana's Gyros House incurs certain costs every day, regardless of production levels. These costs are known as fixed costs. Without producing any gyros or hiring any workers, Vipsana's total cost per day would be the fixed cost alone, which is $120. Since there are no variable costs associated with production (cost of ingredients) or labor (wages for employees) on a day when no gyros are made and no workers are hired, the total cost remains at the fixed cost amount.

________ influences employees' behavior so strongly that organizations have started employing specific employees to preserve the status quo of the company.
a. Politics
b. Organizational culture
c. Human resources
d. Socioeconomic environment
e. Social media

Answers

Answer:

B. Organisational Culture.

Explanation:

This is vital component in an organisation. It can be defined as the ensemble of beliefs, assumptions, values, norms, artifacts, symbols, actions, and language patterns shared by all members of an organization. In this view, culture is thought to be an acquired body of knowledge whose interpretation and understanding provide the identity of the organization and a sense of shared identity among its members.

_______ allows the use of sophisticated analytical techniques and very large amounts of data to help organizations develop insights about customers, processes and markets. A. data mining B. master data C. data entry D. horizontal data flow

Answers

Answer:

A. data mining

Explanation:

Data mining is a process which is used to understand a large sum of data and to extract critical and analytical information. It is a way to read the data in the best way possible to understand the pattern and information. It is used by organizations and firms to develop insight about customers, target market and marketing process.

Complete the bill of materials by calculating the extended cost of each component and the total materials cost for each brake system. develop a sensitivity analysis to show the impact on total brake system materials costs if the front brake calipers unit cost ranges from $103 to $107 and if the brake pipe unit cost ranges from $27 to $31.

Answers

Complete Question:

A hypothetical bill of materials is used in manufacturing and production to show all of the parts and materials required to manufacture a specific item or for the subassembly of a finished product, such as a motorcycle. The information in the bill of materials is useful for determining product costs, coordinating orders, and managing inventory. It can also show how product costs will be affected by price changes in components or raw materials. This project provides you with an opportunity to use spreadsheet software to perform a sensitivity analysis showing the impact of various prices for component parts on the total costs of a dirt bike. The bill of materials for this project has been simplified for instructional purposes.  

Dirt Bikes’s management has asked you to explore the impact of changes in some of its parts components on production costs. Review the spreadsheet file containing bill of materials information for the brake system for Dirt Bikes’s Moto 300 model, which can be found on the Laudon Web site for this chapter. The completed bill of materials contains the description of the component, the identification number of each component, the supplier (source) of the component, the unit cost of each component, the quantity of each component needed to make each finished brake system, the extended cost of each component, and the total materials cost. The extended cost is calculated by multiplying the quantity of each component needed to produce the finished brake system by the unit cost. The prices of components are constantly changing, and you will need to develop a spreadsheet application that can show management the impact of such price changes on the cost to produce each brake system and on total production costs for the Moto 300 model.  

-Complete the bill of materials by calculating the extended cost of each component and the total materials cost for each brake system.  

-Develop a sensitivity analysis to show the impact on total brake system materials costs if the front brake calipers unit cost ranges from $103 to $107 and if the brake pipe unit cost ranges from $27 to $30.  

-The brake system represents 30 percent of the total materials cost for one Moto 300 motorcycle. Use sensitivity analysis again to show the impact of the changes in front brake caliper unit costs and brake pipe unit costs described previously on total materials costs for this motorcycle model.

Answer and explanation:

Check the attached files for well formatted answers

(a)

Component Component No. Source Unit Cost Quantity Extended Cost

Brake cable M0593 Nissin 27.81 1 27.81

Brake pedal M0546 Harrison Billet 6.03 2 12.06

Brake pad M3203 Ressell 27.05 2 54.1

Front brake pump M0959 Brembo 66.05 1 66.05

Rear brake pump M4739 Brembo 54.00 1 54

Front brake caliper M5930 Nissin 105.20 1 105.2

Rear brake caliper M7942 Nissin 106.78 1 106.78

Front brake disc M3920 Ressell 143.80 1 143.8

Rear brake disc M0588 Ressell 56.42 1 56.42

Brake pipe M0943 Harrison Billet 28.52 1 28.52

Brake lever cover M1059 Brembo 2.62 1 2.62

Total Cost 657.36

(b)

We use a two-way data table to show the sensitivity of the total cost with respect to changes in price for the front brake calipers unit and the brake pipe unit.

Brake pipe price

653.64 $27 27.5 $28 28.5 $29 29.5 $30

Front brake caliper price $103.0 $653.6 $654.1 $654.6 $655.1 $655.6 $656.1 $656.6

$103.5 $654.1 $654.6 $655.1 $655.6 $656.1 $656.6 $657.1

$104.0 $654.6 $655.1 $655.6 $656.1 $656.6 $657.1 $657.6

$104.5 $655.1 $655.6 $656.1 $656.6 $657.1 $657.6 $658.1

$105.0 $655.6 $656.1 $656.6 $657.1 $657.6 $658.1 $658.6

$105.5 $656.1 $656.6 $657.1 $657.6 $658.1 $658.6 $659.1

$106.0 $656.6 $657.1 $657.6 $658.1 $658.6 $659.1 $659.6

$106.5 $657.1 $657.6 $658.1 $658.6 $659.1 $659.6 $660.1

$107.0 $657.6 $658.1 $658.6 $659.1 $659.6 $660.1 $660.6

(c)

Just by dividing all elements of the above data table by 030, we will get the sensitivity of the total cost.

Brake pipe price

$27.0 $27.5 $28.0 $28.5 $29.0 $29.5 $30.0

Front brake caliper price $103.0 $2,178.80 $2,180.47 $2,182.13 $2,183.80 $2,185.47 $2,187.13 $2,188.80

$103.5 $2,180.47 $2,182.13 $2,183.80 $2,185.47 $2,187.13 $2,188.80 $2,190.47

$104.0 $2,182.13 $2,183.80 $2,185.47 $2,187.13 $2,188.80 $2,190.47 $2,192.13

$104.5 $2,183.80 $2,185.47 $2,187.13 $2,188.80 $2,190.47 $2,192.13 $2,193.80

$105.0 $2,185.47 $2,187.13 $2,188.80 $2,190.47 $2,192.13 $2,193.80 $2,195.47

$105.5 $2,187.13 $2,188.80 $2,190.47 $2,192.13 $2,193.80 $2,195.47 $2,197.13

$106.0 $2,188.80 $2,190.47 $2,192.13 $2,193.80 $2,195.47 $2,197.13 $2,198.80

$106.5 $2,190.47 $2,192.13 $2,193.80 $2,195.47 $2,197.13 $2,198.80 $2,200.47

$107.0 $2,192.13 $2,193.80 $2,195.47 $2,197.13 $2,198.80 $2,200.47 $2,202.13

Final answer:

To calculate the extended cost, multiply the unit cost by the quantity of each component and sum for the total cost. A sensitivity analysis would show fluctuations in total system cost based on a range of unit costs for the front brake calipers and brake pipes.

Explanation:

Calculate Extended Cost and Sensitivity Analysis

To complete the bill of materials and calculate the extended cost of each component, you would multiply the unit cost of each component by the quantity needed for each brake system. Once you have the extended cost for all components, you can sum these to get the total materials cost for each brake system.

For sensitivity analysis regarding the front brake calipers and brake pipe, you would create a range of possible costs. For example, calculate the total materials costs with the front brake calipers at $103, $105, and $107, and do the same for brake pipe costs at $27, $29, and $31. This analysis shows how sensitive the total system cost is to changes in the cost of these components, aiding in budgeting and cost predictions.

The sensitivity analysis is particularly useful in cost estimations to determine how variations in costs of individual components impact the overall materials cost. Using mathematical models, one can predict and compare the cost for alternative solutions, which is essential in the design process. This kind of analysis helps in understanding the linkage between science, costs, and the financial implications of different design choices.

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Wildside Inc., a company providing various wildlife tours, gives equal importance to customers and employees. The managers at Wildside Inc. ensure that the employees of the company are satisfied with their jobs. They believe that employees should be kept happy as they are brand ambassadors. This scenario is an example of _____.

Answers

Answer:

Internal marketing

Explanation:

Internal marketing is a promotion of company's program or product toward the people within the company rather than customers in the market.

Internal marketing is often being done for several purposes:

- to increase employees' willingness to advocate for the company's brand.

- If the employees within the company talk negatively about their own brand, this will create a more serious damaged compared to negative talk provided by customers or competitors. Internal marketing is sued to prevent such situation.

- To increase employees' overall productivity.

By making sure the employees are satisfied with their jobs, it will increase the likelihood that the employees become more willing to put more time and effort into their job. This will resulted in increasing productivity.

The scenario described is an example of employee satisfaction.

Employee satisfaction refers to the level of contentment or happiness employees feel towards their job and workplace. It is a measure of how satisfied employees are with their work environment, job roles, relationships with management and co-workers, and the overall company culture. In the case of Wildside Inc., the managers are taking steps to ensure that employees are satisfied by recognizing their importance as brand ambassadors and by actively working to keep them happy. This approach is based on the understanding that satisfied employees are more likely to provide better customer service, be more productive, and contribute positively to the company's reputation and success. Employee satisfaction is a key component of a healthy workplace and is often linked to higher employee retention rates and improved business outcomes.

A and B have a written contract whereby A agrees to sell B a plot of land for $100,000. Later, without terminating the first contract, the parties modify the deal so that A sells B the same plot of land for $125,000. The second agreement:_______.

A. Is not a contract because there is no consideration for A's promise.

B. Is not a contract because there is no consideration for B's promise.

C. Is not a contract because A's promise is illusory.

D. Is not a contract because written contracts for the sale of land cannot be modified.

Answers

Answer:

B) Is not a contract because there is no consideration for B's promise.

Explanation:

In contract law, consideration is the benefit that must be bargained for between the parties involved. It is the essential reason for the parties entering a contact. Consideration must have some value and is exchanged on the performance or promise from the other party.

Common law rules on contract modifications require some new consideration in order  to modify an existing contract. In this case, only B added some new consideration (more money) to the written contract, A didn't add anything new.

Alex is a law attorney at Cooper Enterprises. His client, Maggie, is seeking a divorce from her husband of two years. Since she is unemployed, Alex recommends that she should apply for alimony. Maggie is unable to understand the term used by Alex. Alex explains to her that she can request her husband to pay for spousal support after divorce. In this scenario, the term "alimony" exemplifies _____
A) kinesics
B) synergy
C) jargon
D) feedback

Answers

Answer: C.) jargon

Explanation: Based on differing fields, profession or line of expertise, some words or terms are usually reserved to connote a special relevance or usage within such field. In many cases, these words are usually popular only within the circle of such profession and usage is usually rampant within professionals or individuals in such field. Such terms which are usually specific to a profession or field and may be difficult for those outside the profession to understand are called JARGON. In the context above, Alimony is usually used within the legal setting to mean a husband's provision package to his spouse after separation.

Final answer:

In this scenario, 'alimony' is an example of legal jargon, a specialized term used in the context of law to denote financial support paid by one ex-spouse to another post-divorce.

Explanation:

In the given scenario, the term "alimony" exemplifies C) jargon. Alimony refers to financial support that a non-custodial spouse may be required to pay to an ex-spouse following a divorce. This support can be rehabilitative, assisting the recipient in becoming self-sufficient, or compensatory, recognizing contributions made during the marriage.

The court determines the necessity and amount of alimony based on factors like the length of the marriage, the age and health of both parties, and their incomes. Alimony is often awarded to the financially dependent spouse and can be more commonly granted to females. Unsettled emotional and psychological issues following a divorce, as mentioned in the reference to Paul Bohannon's levels of divorce, can impact an individual's ability to move on and may reinforce the need for such support.

Weyerhaeuser is evaluating its complete product mix. It wishes to decrease marketing expenditures and streamline its product offerings. Weyerhaeuser will most likely look at products in the ____ stage of the product life cycle as possibilities for elimination.

Answers

Answer:

Decline

Explanation:

The product life cycle time can be defined as the process that a product undergoes beginning right from it's inception into the market until it declines or is removed from the market. The product life cycle has four stages namely:

- Introduction

- Growth

- Maturity

- Decline.

In the decline stage the sales of the product reduce drastically at a very high rate. The organization tends to lose a lot of shares in the market.

In the decline stage the product is threatened with low sales and eventual removal from the market if the company does not come up with a new designing and rebranding approach.

Which of the following statements best explains why the red bar goes up when the blue goes up?

Equivalent spending and taxing does not allow for debt reduction.

Higher spending than taxing results in a deficit, which contributes to more debt.

Higher taxing than spending results in a deficit, which contributes to more debt.

Higher taxing and higher spending result in more debt

Answers

Answer: Higher spending than taxing results in a deficit, which contributes to more debt.

Explanation:

Here the red bar is referred to the debt and the blue bar is referred to the spending. When the government spending is more it decreases the government revenue and creates a deficit in the funds. When there is deficit it means the government borrows funds for spending which increases the debts.

Government spending to improve the status of the economy in the country. It Invests is various activities for growth and development purpose. Only on collecting high taxes the revenue of the government will increase. When taxes collected are low the government revenue is also low.

Answer:

ANSWER B) HIGHER SPENDING THAN TAXING RESULTS IN A DEFICIT, WHICH CONTRIBUTES TO MORE DEBT.

Plan A has a fixed cost of $10 and a variable cost of $0.05 per minute $0.10 per MB. Plan B has no fixed cost and a variable cost of $0.25 per minute $0.20 per MB. What is the point of indifference between the two plans

Answers

The point of indifference between the two plans is "40 minutes & 20MB, but it's not unique."

This is because with 40 minutes, plan A would be $2, and at 20MB, it will be $2, plus a fixed cost of $10, making a total of $14.

This is evident in the fact that

At 40minutes × $0.05 => $2;

Also, at 20 MB × $0.10 per MB => $2;

Add the Fixed cost of $10

We have a total => $14.

On the other hand, plan B also has a combined total of $14 at 40 Minutes and 20 MB.

This is evident in the fact that

At 40minutes × $0.25 (variable cost,)=> $10;

Also, at 20 MB × $0.20 per MB => $4

The total cost is $14.

Not that the point of indifference is the point at which the amount of total costs, and profits, are exact using different cost systems.

Hence, in this case, it is concluded that the correct answer is "40 minutes & 20MB, but not unique."

The available options are the following:

(A)40 minutes & 20MB and its unique

(B)20 minutes & 40MB and unique

(C)20 minutes & 40MB, but it's not unique

(D)40 minutes & 20MB, but it's not unique

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Inflation in the developing country of terbia has been rising over the last few years and is currently at a very high level. two stock market​ analysts, stanley durro and michelle​ thompson, are discussing the possible causes of inflation. michelle thinks that the real reason why prices are rising is because​ terbia's economy is expanding. stanley disagrees. he argues that the inflation is not demand​ driven; on the​ contrary, too much money in the economy is increasing the price level.

Answers

Answer:

C) The central bank has been increasing the target interest rate at regular intervals and it is now at its highest level in eight years.

Explanation:

Since the central bank has been increasing the interest rates in Terbia, this means that it has been engaging in a contractionary monetary policy. In other words, the central bank has been decreasing the money supply in Terbia. If the money supply has been decreasing constantly during the last 8 years, then the high inflation rate cannot be caused by an increase in the money supply.

In January 2020, Sheffield Corp., a newly formed company, issued 10600 shares of its $10 par common stock for $15 per share. On July 1, 2020, Sheffield Corp. reacquired 1060 shares of its outstanding stock for $12 per share. The acquisition of these treasury shares:
a. increased total stockholders' equity.b. decreased total stockholders' equity.c. did not change total stockholders' equity.d. decreased the number of issued shares.

Answers

Answer:

The correct option is B,decreased total stockholders' equity.

Explanation:

Acquisition of treasury shares implies that the company repurchased the shares by retrieving the shares from the shareholders and paying cash in lieu.

When a company repurchased its shares the total stockholders' equity by amount paid in repurchasing the shares.

From an accounting  equation perspective, the cash parted with reduces the asset of the company as well as reduces the stockholders' total equity,hence it is a reduction on both sides of the equation.

Mark runs a home improvement business. He is happy with the level of business he receives, but he wants to learn more about his customers, so he studies information compiled by the U.S. census bureau and other government agencies, databases created by marketing research firms, and sales and other internal reports. What kind of data is Mark using in this scenario

Answers

Answer:

Secondary Data

Explanation:

Secondary data is defined as the data that is collected by the other people other than the end users of it.

In the case, Mark is the end users. And the data is of U.S census bureau, other governments agencies, database, however, is not collected by Mark but by marketing research firms and different reports instead.

So that, in this case, Mark is using secondary data.

What happens when someone loses a case and still wants to keep fighting?

Answers

they get an appeal and their case gets heard again

When someone loses a case and wants to keep fighting, then, his case will be continued to be heard till he exhausted his appeal options.

In judiciary, appeal system is one which allows a defendant to continue to fight for the case he believed is wrong judged by the original court of law.

The appeal court assesses the case of the defendant and also give its judgment on the case.

Then, if the defendant loses in the appeal court, then, he have no choice than to serve the punishment serves by the appeal or original court.

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Helen Ashley is expecting cash flows of $50,000, $75,000, $125,000, and $250,000 from an inheritance over the next four years. If she can earn 11 percent on any investment that she makes, what is the present value of her inheritance

Answers

Answer:

Present value of Helen's inheritance is $361,997.25

Explanation:

We know,

Present value of cash flows = ∑[tex]\frac{Cash flow for n periods}{(1 + i)^{n} }[/tex]

Given,

Cash flows for 1st, 2nd, 3rd, and 4th year = $50,000, $75,000, $125,000, and $250,000.

Interest rate, i = 11% = 0.11

Number of period, n = 4

Therefore,

Present value of cash flows = [$50,000 ÷ [tex](1 + 0.11)^{1}[/tex]] + [$75,000 ÷ [tex](1 + 0.11)^{2}[/tex]] + [$125,000 ÷ [tex](1 + 0.11)^{3}[/tex]] + [$250,000 ÷ [tex](1 + 0.11)^{4}[/tex]]

Present value of cash flows = ($50,000 ÷ 1.11) + ($75,000 ÷ 1.2321) + ($125,000 ÷ 1.3676) + ($250,000 ÷ 1.5181)

Present value of cash flows = $45,045.05 + $60,871.68 + $91,400.99 + $164,679.53

Present value of cash flows = $361,997.25

Therefore, Present value of Helen's inheritance is $361,997.25

The present value of the inheritance when it can earn 11 percent should be $361,998.40.

Calculation of the present value:

We know that

Present value = FV / (1 + i)n

So,

Present value of her inheritance:

= $50,000/(1.11) + $75,000/(1.11)^2 + $125,000/(1.11)^3 + $250,000/(1.11)^4

= $361,998.40

hence, we can conclude that The present value of the inheritance when it can earn 11 percent should be $361,998.40.

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You have been chosen to be a teaching assistant at your school. A student comes to you with questions about storage devices.


The student asks you to explain speed of storage devices and memory. You tell her that all of the following are true, EXCEPT
The access time of memory is slow compared with that of storage devices

Answers

You tell her that all of the following are true, EXCEPT "the access time of memory is slow compared with that of storage devices".

Explanation:

A computing hardware utilized to indefinitely or temporarily store data, this device may be outer or inner to a computer, server, and other computing systems, hence common as a storage device. The memory is generally read-write random-access memory provided by semiconductors, typically Dynamic RAM or other types of fast yet temporary storage in the contemporary usage. While storage comprises of storage devices and their media that are not directly available via the processor (secondary or tertiary storage), usually hard disk drives, optical disk drives, and other devices that are slower than RAM but non-volatile.

Access time for RAM is faster than storage devices like hard drives or flash drives. Faster memory types, such as cache, are more expensive and have less capacity, while slower storage devices offer larger capacities but have slower access times.

Regarding the speed of storage devices and memory, most of the statements are true except the one stating 'The access time of memory is slow compared with that of storage devices'. In fact, this statement is false because the access time of memory, particularly RAM (Random Access Memory), is much faster than that of most storage devices such as hard drives or flash drives. This is due to the nature of the memory being closer to the CPU and designed for rapid access of data.

Memory, like cache and RAM, operates at a much higher speed to match up with the pace of the CPU and ensure quick data retrieval and storage, essential for running programs and processes efficiently. The speed of RAM is critical because it serves as a temporary storage for data that the CPU may need to access quickly. On the other hand, storage devices like HDDs (Hard Disk Drives), SSDs (Solid State Drives), and even flash drives, are significantly slower than RAM but offer the advantage of larger storage capacity and the ability to retain data without power.

Cost-wise, faster memories such as SRAM (Static RAM) found in cache memory are more expensive per bit and thus have smaller capacities, while slower memories like HDDs and SSDs can provide large storage volumes but are slower in speed. Some systems also make use of virtual memory, which involves the use of hard drive space to extend RAM, but access to virtual memory is also slower compared to physical RAM.

Noah is the owner of a dairy farm. He has a small group of employees who have been working with him for several years. They are all happy to work with each other, and they share similar beliefs and values. In the given scenario, the good relationship that the employees share displays _____



A) ethnocentrism

B) social integration

C) organizational plurality

D) multiculturalism

management

Answers

Answer:

B. Social Integration

Explanation:

Social integration refers to a situation whereby a group of people have a bond of attraction uniting them majorly by sharing language, culture, norms, meaning and so on. What social Integration does is that it reduces conflicts and disagreements amongst the group members and increases the level of togetherness. In this scenario, Noah and his employees share beliefs and values which foster their ability to happily work with one another as a result of social Integration.

Answer:

B) social integration

Explanation:

In this case, it is correct to say that employees exhibit social integration.

In an organization, social integration is responsible for providing an ethical and dynamic work environment, where there is an effective communication process and employees feel motivated to do their job in the best possible way.

To create an environment of social integration, it is necessary for the organization to have an organizational and political culture based on ethics and mutual respect among employees, where everyone feels valued and respected as a professional and as a person.

On January 1, Year 1, Friedman Company purchased a truck that cost $29,000. The truck had an expected useful life of 200,000 miles over 8 years and an $7,000 salvage value. During Year 2, Friedman drove the truck 37,000 miles. The amount of depreciation expense recognized in Year 2 assuming that Friedman uses the units-of-production method is: (Do not round intermediate calculations.)

Answers

Answer:

The depreciation expense for the Year 2 amounts to $4,070

Explanation:

The method of unit of production is the depreciation method which computes the value of the asset over time.

The depreciation expense for the Year 2  is computed using the method of units of production as:

Depreciation expense = [(Truck cost - Salvage value) / Estimated miles] × Miles driven during year

where

Miles driven during year is 37,000

Truck cost is $29,000

Salvage value is $7,000

Estimated miles is 200,000 miles

So, putting the values above:

Depreciation expense = [($29,000 - $7,000) / 200,000] × 37,000

Depreciation expense = [$22,000 / 200,000] × 37,000

Depreciation expense = $0.11 × 37,000

Depreciation expense = $4,070

Final answer:

The depreciation expense for Friedman Company's truck in Year 2, calculated using the units-of-production method, is $4,070.

Explanation:

To calculate the amount of depreciation expense recognized in Year 2 using the units-of-production method for Friedman Company's truck, we will use the following information: the cost of the truck ($29,000), the expected useful life in miles (200,000 miles), and the salvage value ($7,000). First, we calculate the depreciation per mile by subtracting the salvage value from the cost and then dividing by the total expected miles:

Depreciation per mile = ($29,000 - $7,000) /200,000 miles = $0.11 per mile.

Next, we multiply the depreciation per mile by the total miles driven in Year 2:

Depreciation Expense for Year 2 = 37,000 miles × $0.11 per mile = $4,070.

Therefore, the depreciation expense for Year 2 is $4,070.

A writer’s company has just adopted a policy of employee e-mail surveillance to determine which employee is leaking confidential information. Because the writer knows that this policy will be unpopular with company employees, which is the best strategy for announcing this new policy to employees in a memorandum?

Answers

Answer:

present the reasoning behind the new policy and then state the policy

Explanation:

Based on the scenario being described within the question it can be said that the strategy for this would be to present the reasoning behind the new policy and then state the policy. By doing so it would help employees understand why this policy is being put into effect and they will be less likely to object to this decision. It will ultimately make the entire process better.

When a government program is justified not on its merits but on the number of jobs it will create:___________. a. the program is an efficient use of taxpayer dollars. b. it should be approved only if the unemployment rate is low. c. taxes should be raised to fund the program. d. it is known as the "broken window fallacy."

Answers

Answer: it should be approved only if the unemployment rate is low

Explanation: Unemployment can be defined as the level of joblessness in an economy, often measured as a percentage of the workforce.

Unemployment has a lot of disadvantages both to an unemployed individual, and the Society at large. It leads to poverty. Another is that it leads to depression, low self-esteem, anxiety and other mental health issues, especially if an individual truly wants a job but can't find employment. These are just some of the few disadvantages of unemployment in a society. According to the doctrine of double effect, the outcome of this government can be justified because the outcome is good.

Define macro environment

Answers

Answer:

A macro environment is the condition that exists in the economy as a whole, rather than in a particular sector or region. In general, the macro environment includes trends in the gross domestic product (GDP), inflation rate , employment rate, spending, and monetary and fiscal policy. The macro-environment is linked to the general business cycle as opposed to the performance of an individual business sector in an economy.

Explanation:

The macro-environment refers to how the macroeconomic conditions in which a company or sector operates influences its performance. Macroeconomics deals with aggregate production, spending, and the price level in an economy as opposed to individual industries and markets.

The amount of the macro environment's influence depends on how much of a company's business is dependent on the health of the overall economy. Cyclical industries are heavily influenced by the macro environment, while basic staple industries are less influenced. Industries that are highly dependent on credit to finance purchases and business investments are strongly influenced by changes in interest rates and global financial markets.

The macro-environment can also directly affect consumers’ ability and willingness to spend. Luxury goods industries and big-ticket consumer goods can be highly impacted by fluctuations in consumer spending. Consumers’ reactions to the broad macro-environment are closely monitored by businesses and economists as a gauge for an economy’s health.

Final answer:

The macro environment refers to larger societal forces affecting an organization's operating environment, including political, economic, social, technological, legal, and environmental factors. This contrasts with a microenvironment, which refers to the immediate operational factors a business faces.

Explanation:

The macro environment refers to the broad conditions or structures in society that impacts an organization's operating environment.

It includes factors beyond the business's control such as political, economic, social, technological, legal, and environmental aspects, often summarized as PESTLE analysis.

In contrast to a microenvironment that constitutes immediate operational factors like employees, customers, and competitors, the macro environment comprises influences that affect all organizations operating in an industry or economy.

For example, if you're studying economics or observing some natural setting like a lake, the 'macro' insights could entail understanding the overall economic condition or the food chain.

These macro insights help explain the environment in which individual businesses, plants, and animals must operate or adapt to.

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Ross's company closed because of tough foreign competition in its product sales. No other companies are left in this product category and Ross cannot find a similar job position. What type of unemployment is he experiencing?a. frictional b. structural c. cyclical d. seasonal

Answers

Answer:

B. Structural

Explanation:

This is the type of unemployment resulting from changes in the pattern of demand for goods and services or changes in technology. These changes may in turn alter the structure of the total demand for labour rendering some particular skill less in demand or may become obsolete. This is the case of Ross as he's unable to find similar job due to less demand for the type of labour he's offering. Toss is suffering from Structural form of unemployment. The demand for other skill however may expand. Unemployment in this case is the result of the composition of the labour force which does not respond quickly to new structures of job opportunities.

Which of the following is false regarding the employer-employee relationship? Multiple Choice An employee is subject to the control of his or her employer Generally, all employees are considered to be agents of their employer Employees who are not legally authorized to enter into contracts binding their employer are considered agents. Employees not legally authorized to interact with third parties are considered agents. All employees are agents, and all agents are employees
Nasty Break-Up. Harold wants to purchase a lot next door to Sarah's home that is owned by Saran. Harold knows Sarah will not sell the lot to him because they dated in the past and had a nasty break-up. Harold agrees with Alice that Alice will purchase the lot from Sarah for him. Alice and Sarah reach an agreement and enter into a contract whereby Sarah is to sell the lot to Alice for a price within the scope of Alice's authority. Alice tells Sarah nothing about her plan to later transfer the lot to Harold. Before title to the lot is transferred to Alice, Harold tells Alice that he no longer wants the lot. Alice tells Sarah about Harold. Sarah tells Alice that as far as she is concerned, Alice has bought the lot. Sarah says that she plans to move anyway and really does not care whether Alice or Harold ends up with the lot. She just wants her money. Which of the following is true regarding whether Harold is iable to Alice for the cost of the lot if Alice pays Sarah the purchase price? Multiple Choice Harold is liable to Alice for the cost of the lot Harold is liable to Alice for the cost of the lot, but only if the contract between Harold and Alice expressly stated that he would reimburse her for the cost of the lot Harold is liable to Alice, but only if she resells the lot and is unable to recover as much as she paid for it. Harold is not liable to Alice for the cost of the lot. Harold can avoid liability to Alice, but only if he can establish that unexpected circumstances caused him to refuse to purchase the lot from her
Roofing Issues. Sally agrees to roof a house for Bob. After doing his research, Bob chooses Sally based on her great reputation for being conscientious and doing good work. Bob knows little about roofing and stays away from all the noise involved. Sally provides her own tools for herself and other workers, sets her own schedule, and charges a flat rate of $10,000 to be paid when the job is completed. Sally hires Trudy, Glen, and Fred to help with the roofing. She pays them an hourly rate, supervises their work, provides them with tools and materials, and sets their schedules. Curious about what is going on there, Bob's friend Spencer walks by the house while the roofing is being done. Glen absentmindedly throws some old shingles off the roof and hits Spencer in the head, resulting in him going to the local emergency room and receiving a couple of stitches in his scalp. Spencer decides to sue all the roofers, Bob, and Sally for his hospital expenses and for pain and suffering. Assuming Glen was negligent, which of the following is the most likely result in a lawsuit against Sally brought by Spencer? Multiple Choice Spencer will win, because Glen was acting within the scope of his employment; therefore, Sally is liable for his negligence Spencer will lose, because Glen was not acting within the scope of his employment; therefore, Sally is not liable for his negligence. Spencer will win because regardless of whether Glen was acting within the scope of his employment, Sally is liable for his negligence Spencer will lose because regardless of whether Glen was acting within the scope of his employment, Sally has no liability. Spencer and Sally will split the damages equally

Answers

Answer:

Question 1. All employees are agents, and all agents are employees.

Question 2. Harold is liable to Alice for the cost of the lot, but only if the contract between Harold and Alice expressly stated that he would reimburse her for the cost of the lot.

Question 3. Spencer will win, because Glen was acting within the scope of his employment; therefore, Sally is liable for his negligence

Explanation:

1. Note that employees can serve also as agents for their company but not all agents are employees since they (the agents) could be self employed themselves.

2. Remember sales agreement should not be bases on word of mouth but on written contacts. Therefore,  if the contract between Harold and Alice expressly stated that he would reimburse her for the cost of the lot he would then be liable.

3. Since Glen was acting within the scope of his employment; therefore, Sally is liable for his negligence. Implying that she employed the man who caused Spencer pain and suffering.

Regarding the first set of multiple-choice questions:

The false statement regarding the employer-employee relationship is: "All employees are agents, and all agents are employees."

How to explain the lawsuit to be taken

Regarding the second set of multiple-choice questions:

Spencer will likely win the lawsuit against Sally, as Glen's actions, even if negligent, may be seen as within the scope of employment, making Sally liable for his actions.

Please note, these legal scenarios and their outcomes can vary depending on the specific laws, circumstances, and details not fully provided in the scenarios presented.

Consulting with a legal professional for accurate and detailed guidance is advisable in such cases.

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Job enrichment A. includes job enlargement. B. is a concept promoted by Adam Smith and Charles Babbage in books they wrote. C. includes some of the planning and control necessary for job accomplishment. D. means the same thing as job rotation

Answers

Answer:

is concept promoted by Adam Smith and Charles babbage in books they wrote

Which woman has the most valuable CLV?
Shirley: purchased $400 in December and spent nothing else the rest of the year for a total of $400.
Marcia: spent between $10 and $65 each month from December to November for a total of $355.

Answers

Answer:

Marcia

Explanation:

Marcia has the most valuable CLV (Customer life time value) as she continuously spents her money on the business.

Using the formula

CLV = Average value of customer purchase X Number of times the customer will buy each Year X Average length of the customer relationship (in years).

Marcia's CLV= $10 X 1 X 1 =$10

Shirley's CLV= $400 X 0 X 1=$1

Remember, the Customer life time value is a measure of a customer's worth to a business in terms of how much money they will spend on products during their life time.

Answer:

Marcia should have the highest CLV

Explanation:

there are several formulas for calculating customer lifetime value (CLV) but since the amount of information is limited, then I'll use the easiest one (for me at least).

CLV = T x AOV x AGM x ALT

T = average transactions per monthAOV = average order valueAGM = average gross margin (we are not given enough information)ALT = average life span

                                            Marcia                              Shirley

T                                        12 per year                        1 per year

AOV                        $355 / 12 = $29.58                      $400

AGM                                       N/A                                  N/A

ALT                        since she is a regular client,            1

                       at least 2 years (this one and next)

Marcia's CLV = 12 x $29.58 x 2 = $709.92

Shirley's CLV = 1 x $400 x 1 = $400

Given the limited information, we can assume that Marcia is a much more valuable client than Shirley.

Jerome, a manager at Welford Nonprofit Group, is known for his selflessness and willingness to give to others. He likes working in the nonprofit sector because he wants to apply his leadership drive and skills to serve others who are less fortunate. Based on this information, which type of leader best describes Jerome?

Answers

Answer:

Servant leader

Explanation:

A leader can be defined as an individual who is incharge of all the activities that is carried out in a group. A good leader must possess that ability to be able to inspire and motivate others. A leader must also be able to assert authority in the group.

A servant leader is a leader who values and takes into consideration the opinions of other members of the group.

A servant leader is committed to the growth and well being of the members. He/she must be an active listener and must be ready to profer solutions to the various problems faced in the group.

Answer:

Servant leader

Explanation:

Servant leadership is a leadership philosophy in which the main goal of the leader is to serve. This is different from traditional leadership where the leader's main focus is the thriving of their company or organizations.

Examples of servant leadership can be best found in certain religious and political leaders. Characteristics of a servant leader include active listening, empathy, healer, awareness, persuasion, foresight, conceptualization, stewardship, commitment to growth and emancipation, and community building.

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