Answer:
The change in net operating income after the changes by $14,200
Explanation:
For computing the change in net operating income, first, we have to compute the contribution per unit which is shown below:
Contribution per unit = Selling per unit - variable cost per unit
= $190 per unit - $76 per unit
= $114 per unit
where,
The selling per unit = (Sales revenue ÷ number of units)
= ($190,000 ÷ 1,000 units)
= $190 per unit
The variable cost per unit = (variable cost ÷ number of units)
= ($76,000 ÷ 1,000 units)
= $76 per unit
Now the change in operating income equals to
= (increased sales units × contribution per unit) - advertising cost
= (300 units × $114 per unit) - $20,000
= $34,200 -$20,000
= $14,200 increase
With the increase in advertising costs of $20,000, and an expected 300 units increase in sales, Taylor Company's net operating income will increase by $14,200.
Explanation:
The question is about calculating the change in net operating income of Taylor Company, which will occur as a result of additional advertising expenses and an expected increase in sales. We first need to calculate the contribution margin per unit (sales revenue per unit - variable cost per unit), which is ($190,000 / 1,000 units - $76,000 / 1,000 units) = $114. Next, we forecast the change in total contribution margin (increase in units sold * contribution margin per unit), which is (300 units * $114) = $34,200. Finally, we subtract the increase in advertising cost from the increase in total contribution margin to find out the change in net operating income (increase in contribution margin - increase in advertising cost), resulting in ($34,200 - $20,000) = $14,200.
Learn more about Net Operating Income here:https://brainly.com/question/31106289
#SPJ3
The principle of comparative advantage indicates that trade is a zero-sum activity. a nation can gain by specializing in the production of the goods it can produce at a low opportunity cost and trade for goods it can produce only at a high cost. comparative advantage applies to nations and not individuals.
Answer: Option (b) is correct.
Explanation:
According to the theory of comparative advantage, a country has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity in terms of other commodity is lower in that country as compared to the other country.
Hence, a country exports the commodity in which it has a comparative advantage and imports the commodity in which it has a comparative disadvantage because the opportunity cost of producing these commodities is higher than the other country.
Lamar is a salesperson for Bi-State Direct. He really appreciates the amount of freedom and authority Bi-State gives its sales people in order to better meet the needs of customers. Lamar's experience suggests that Bi-State practices:A.centralized management.B.fast response theory.C.enfranchisement.D.empowerment.
Answer:
D. Empowerment
Explanation:
Empowerment is defined as "authority or power given to someone to do something" which in this case coincides with the freedom and authority given by Bi-state to its sales people.
A centralized management would control all decisions and only a handful of people would actually make them.
Final answer:
Bi-State Direct practices empowerment by granting its salespeople significant autonomy, allowing for quick decision-making and a heightened sense of responsibility, contrasting with centralized management. Hence, the correct option is D.
Explanation:
Lamar's experience at Bi-State Direct, which gives its salespeople a high degree of freedom and authority to meet customer needs, suggests that the company practices empowerment. Empowerment in business refers to providing employees with autonomy and the capacity to make decisions relevant to their work. Employees who are empowered are given the discretion and resources needed to perform their roles effectively without stringent supervisory constraints or micromanagement. This practice stands in contrast to a centralized management strategy where decision-making power is confined to top-tier management. Instead, leveraging the principles of decentralization, Bi-State Direct seems to value enabling employees to make quick decisions and fostering a sense of ownership and accountability in their roles, which correlates with increased employee motivation and satisfaction.
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.
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.
Learn more about Negligence here:https://brainly.com/question/32811052
#SPJ2
When an employee misappropriates case by diverting a payment from one customer for their own use, and then hides the defalcation by diverting cash receipts from another customer to offset the receivable from the first customer, the scheme is called _________________.
Answer:
Lapping scheme
Explanation:
Lapping scheme -
It is a fraud practice , which involves the alteration of the accounts received to hide or cover the stolen payments .
This method involve taking the subsequent receivable payments and using them to cover the theft .
And the next receivable is only applied when the previous is unpaid receivable .
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.
Providing an analysis for a company regarding adding a particular product line, retracting sales markets, or dealing with risks or opportunities are some of the responsibilities of managerial accountants.True / False.
Answer:
The answer is true.
Explanation:
The managerial accounting must do:
-planning and desition support.
For example, fully absorbed and incremental costing, adaptive operation and cost-based planning, product process channel and customer strategic adaptatios, enterprise optimization.
-Performance evaluation and analysis.
Assessment of current strategy and plans, integrated cost operational performance measures, profitability reporting, process analysis.
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.
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.
Outdoor Experiences, Inc. sells a tent that collapses down into a roll that is as big as a roll of toilet paper. The tent can be easily carried in a backpack. The tent has been in the market for two years, and the compnay is spending a lot on advertising to stimulate selective demand. The tent is in which stage of the product life cycle?
Answer:
The answer is: Growth stage
Explanation:
A product´s life cycle is usually divided into four stages:
introduction: the product enters the market, usually a substantial investment on marketing is neededgrowth: if the product "survived" and started to sell then actions are necessary to make its demand and production grow. Usually a lot of spending in advertising is required at this stage. maturity: Costs of marketing and production decline while the sales levels reach a maximum level.decline: product´s sales and market share start to declineThe collapsible tent would be entering stage two of the product cycle.
The spouse of a brokerage firm employee wants to open a brokerage account so that he can trade individual stocks. If the account is opened at a firm that does not employ her spouse, the employee of the firm is required to:_________
Answer:
obtain the prior written consent of her employing firm in order to open the account.
Explanation:
According to my research on brokerage firm rules and regulations, I can say that based on the information provided within the question the employee of the firm is required to obtain the prior written consent of her employing firm in order to open the account. This is so that both brokerage firms are aware of the situation and make so that there are no conflicting interests or insider information leaking.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
If a defendant seeks to throw out evidence obtained by law enforcement officers during a search and seizure, and interrogation, or an identification procedure, this motion is hearing in a motion called a(n) ____________ hearing.
a) pretrial
b) appellate
c) suppression
d) habeas corpus
Answer:
c) suppression
Explanation:
Suppression describe the lawful or unlawful act of preventing evidence from being shown in a trial.
Determine the size of the M1 money supply using the following information. Currency $700 billion money market mutual funds $2000 billion demand deposits $300 billion other checkable deposits $300 billion traveler's checks $10 billion. $1,310 billion $3,310 billion 1,410 billion $1,010 billion
Answer:
M1 is $1,310 billion
Explanation:
I'm rephrasing the question so the informations is clearer:
Determine the size of the M1 money supply using the following information:
Currency $700 billion money market mutual funds $2000 billiondemand deposits $300 billion other checkable deposits $300 billiontraveler's checks $10 billionOptions:
$1,310 billion$3,310 billion$1,410 billion$1,010 billionMoney market mutual funds are not part of M1 so:
Currency $700 billion+demand deposits $300 billion+other checkable deposits $300 billion+traveler's checks $10 billion=$1310 billion M1
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:
Dylan Industries employs 50 workers. Blue collar workers are paid $600 per week, and white collar workers are paid $1000 per week. Dylan's weekly payroll is $42,000. Dylan has _______ white collar employees.
Answer:
30
Explanation:
Provided that there are two categories of workers:
Blue Collar and white collar
Rate of blue collar = $600 per week
Rate of white collar = $1,000 per week
Total workers = 50
Let us assume that blue collar workers = y
Then,
y [tex]\times[/tex] $600 + (50 - y) [tex]\times[/tex] $1,000 = $42,000
600y + $50,000 - 1,000y = $42,000
$50,000 - $42,000 = 1,000y - 600y
$8,000 = 400y
$8,000/400 = y
20 = y
That means 20 blue collar workers
White collar workers = 50 - y = 50 - 20 = 30
A __________________ is a residential mortgage financing option in which a property is purchased using more than one mortgage from one or more mortgages. Very often, a second mortgage is secured from a lender different from the one providing the first mortgage.
Answer: Piggyback loan
Explanation: Also known as second trust loan, piggy back loans refers to the borrowings when a borrower takes two loans simultaneously. In such a case, the first loan is taken at 80 percent of the home value and the second for covering the rest 20 percent down payment.
These are considered an alternative for private mortgages.
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.
Identical products, as well as a large number of buyers and sellers, are characteristics of a (perfectly competitive or monopolistic) market. In such markets, sellers of goods(cannot or can) influence the prevailing market price, giving them the role of price (takers or makers) in the market.
True or False: The market for tomatoes does exhibit the two primary characteristics that define perfectly competitive markets.
Answer:
The correct answer is: perfectly competitive; cannot; takers.
Explanation:
The two main characteristics of a perfectly competitive market is a large number of buyers and sellers and homogenous products.
Because of a large number of sellers, any single firm is not able to influence the market price. This makes the firms in a perfectly competitive market to be price takers.
It is true that the market for tomatoes has these two main characteristics i.e homogeneous products and a large number of buyers and sellers.
Shelly offers to sell Jane goods that Shelly, but not Jane, knows are stolen. Jane accepts the offer, and agrees to pay for the goods. Later, Jane refuses to accept or pay for the goods. If knowledge is not an element of this crime, and Shelly sues Jane for breach of contract, what is the probable result?
Answer:
Probably, Shelly's sue doesn't get to much effect.
Explanation:
First of all, we need to know what is a breach of contract.
Breach of contract refers to failing perform any agreement or contract term, without a legal excuse (means that if Jane has a legal excuse, she have the right to decline the agreement, and she could have it.).
A important element is that they didn't write any contract. So, there's no physical prove against Jane. Since that goods are stolen, if Shelly wants to appeal, it could be found the true, because obviously Shelly doesn't have any prove to demonstrate goods are hers.
So, the probably result is nothing happens. Shelly's sue doesn't get affect Jane.
Which type of organizational purchase situation is characterized by high purchase importance and complexity, a large and evolving decision-making unit that includes the top of the organization, a long time to decision, extensive information search and analysis techniques, and a dominant strategic focus?
Answer:
New Task
Explanation:
The new task is a company purchasing scenario where the purchaser initially buys a products or services for the first time with no testing experience.
An comprehensive search is performed to assess alternatives, however. The higher the price or risk concerned, the more decision-making participants ' knowledge is required.
For instance, an organization that purchases raw resources for the first time to produce devices.
John is the head of the insurance claims department. John works for longer hours than his subordinates. However, John is not paid overtime for working more than 40 hours per week. Under the FLSA, which of the following will justify the organization's decision not to give John overtime pay?
A. John is not a U.S. citizen.
B. John comes from an economically strong background.
C. John is unmarried.
D.John is considered as an exempt employee.
E. John has lower educational qualifications than his subordinates.
Answer:
The correct answer is D.John is considered as an exempt employee.
Explanation:
Some employees are exempt from overtime pay provisions, even when they are covered by other FLSA provisions. Although the actual determination of the exempt and non-exempt status is complex, exempt employees usually meet three tests: payments greater than US $ 455 per week, receive a salary instead of an hourly rate and perform a job in an exempt category listed by the US Department of Labor. Exempt categories include supervisors, managers, professional services and some administrative jobs.
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.
An agonist is:
a. a substance that binds with a neurotransmitter to enhance its effects
b. a substance that blocks a hormone from applying its effect
c. a substance that activates a receptor producing the same effect as
d. a neurotransmitter a substance that prevents a receptor from receiving a hormone
Answer:
Option C
Explanation:
An agonist is a chemical substance that when combined with a receptor activates it and generates the same effect as neuro-transmitter.
The receptor produces a psychological response causing an action.
Unlike antagonist which does not let the affect of the agonist to appear and inverse agonist which performs the reverse function of the agonist, an agonist causes a desired action in response to the receptor.
An automobile company decides to improve the quality of its products and bring more variety into its entire product line. The company has decided to adopt ________. Focused cost leadership industry-wide differentiation industry-wide cost leadership focused differentiation broad differentiation
Answer:
Industry-wide differentiation
Explanation:
An automobile company decides to improve the quality of its products and bring more variety into its entire product line. The company has decided to adopt industry-wide differentiation.
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.
Q 3.53: During the month of August, Jackson Products recognizes $15,000 in revenues. Jackson's accounting staff records these revenues by entering a $15,000 debit in the firm’s Revenues account and a $15,000 credit in the Accounts Receivable account. What, if any, effect will this entry have on Jackson’s financial statements?
Answer:
This journal entry is incorrectly recorded making the company's net income decrease in its income statement, retained earnings are decreased in its retained earnings statement, and its assets (receivable account) and the equity of its shareholders both decrease in your balance sheet
Explanation:
The right Journal entry is:
D Account receivable 15000
C Revenue 15000
When economists use the term "correlation," they are referring to cause and effect relationships between:
variables.
normative economics.
how two variables move together in a predictable way.
positive economics.
economic policy.
Answer:
how two variables move together in a predictable way.
Explanation:
Correlation is a statistical technique which tells us how strongly the pair of variables are linearly related. Correlation does not imply causation.
Final answer:
When economists speak of "correlation," they mean a statistical relationship between two variables, indicating how one changes as the other does. It does not, however, automatically signify a cause-and-effect relationship, which is referred to as causality. Regression analysis is often employed to explore these causal relationships more deeply.
Explanation:
When economists use the term "correlation," they refer to the statistical measure that captures how two variables move together. This concept implies that when two variables are correlated, one variable changes as the other does. However, correlation does not inherently indicate a cause-and-effect relationship, which is known as "causality." Whereas causality involves identifying if and how one variable produces an effect in another, correlation simply suggests that there is a mutual relationship in the movement or changes of the variables, which can be measured by the correlation coefficient.
Sometimes, correlations exist due to the influence of a third variable or a coincidental relationship, rather than a direct causal link. For instance, correlational research might reveal a pattern between the consumption of ice cream and crime rates. Still, this does not establish that ice cream consumption causes crime, as there may be underlying factors influencing both variables, such as warmer weather leading to more people being outside and thus, a higher likelihood of crime.
To examine causal relationships, economists often use regression analysis, which assesses the impact of one or more independent variables on a dependent variable while controlling for other variables. This technique helps clarify whether a consistent change in an independent variable will bring about a change in the dependent variable, implying a potential causal connection.
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.
Brad, a project manager, wants to build a database to integrate information about employees and tasks that they handle. Brad wants to track information such as task name, percentage completed, and employee name. These aspects that Brad wants to track are called ______________.
a) identifiers
b) records
c) primary keys
d) entities
Answer:
Explanation:
D.entities
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.
To know more about inventory here
https://brainly.com/question/33943861
#SPJ6