Answer:
0.4444
or
= 44.44%
Explanation:
Data provided in the question:
Reported operating income = $4,000,000
Reported sales revenue for the Staple Division = $9,000,000
Now,
The sales margin is given as
= ( operating income ) ÷ ( sales )
therefore,
The sales margin for the Staple Division
= $4,000,000 ÷ $9,000,000
= 0.4444
or
= 0.4444 × 100%
= 44.44%
Changes in weather patterns are increasing administrative costs for insurance companies. These added costs often exceed the amount of the premiums coming in and claim payments going out. To address this problem, insurance companies typically
Answer:
buildup the amount of their reserves
Explanation:
Based on the information provided within this question it can be said that in order to address this problem, insurance companies typically buildup the amount of their reserves. By doing this the company's have a sort of "escape plan" allowing them to pay these excess costs that they would otherwise not be able to pay since it exceeds the amount that they are making.
A baseball fan with a Mike Trout baseball card wants to trade it for a Giancarlo Stanton baseball card, but everyone the fan knows who has a Stanton card doesn't want a Trout card. Economists characterize this problem as a failure of the:_________
Answer:
Principle of a double coincidence of wants.
Explanation:
The principle of a double coincidence of desires is the basis of an exchange economy. It occurs when two parties wish to exchange an item they each own without the exchange being made involving any monetary payment, so both parties need to be willing to agree to sell and buy each commodity. This economic phenomenon arises due to needs, desires or motivational situations for the exchange to take place in the same place and time.
A local barbecue joint makes one massive batch of potato salad each day. If they run out of this 37) savory side before the end of the day, their last few customers are less than satisfied, but if they make too much, they sell it to the local hog farmer for feed. Every serving costs an equivalent of $0.23 to make, but can be sold for $2.50 to customers and for $0.12 to the hog farmer. The average daily demand is for 400 servings with a standard deviation of 40 servings.How many servings should be made each day?A) 462
B) 455
C) 467
D) 453
Answer:
option (C) 467
Explanation:
Data provided in the question:
Every serving costs = $0.23
Selling cost to customer = $2.50
Selling cost to hog farmer = $0.12
Average daily demand, d = 400
Standard deviation, s = 40 servings
Now,
Cs = Selling price - Cost
= $2.50 - $0.23
= $2.27
Co = Cost - Discounted price
= $0.23 - $0.12
= $0.11
Service level = [tex]\frac{Cs}{Cs+Co}[/tex]
= [tex]\frac{\$2.27}{\$2.27+\$0.11}[/tex]
= 0.9537
For the service level of 0.9537, the z value from the standard z table = 1.68
Therefore,
Servings made each day = d + zs
= 400 + 1.68 × 40
= 467.2 ≈ 467
Hence,
The correct answer is option (C) 467
Marketing manager Ricki Stephens reviewed her marketing information system to learn who was buying her company's products and at what stores they were buying. She found this internal and external data in her company's ________.
A.data warehouse.
B. big data set.
C. market research network.
D. annual report.
E. focus group
Answer:
Letter A is correct. Data warehouse.
Explanation:
Data warehouse acts as a digital data warehouse of the company, whose main purpose is to store relevant information about the organization so that through history it can provide reports that help the company in the decision making process according to the facts found.
The biggest benefits found in the database system are greater flexibility and control of information and research, and the creation of standards that correct data and coordinate and optimize system data to ensure greater effectiveness.
The market for beef is in long-run equilibrium at a price of $3.25 per pound. The announcement that mad cow disease has been discovered in the United States reduces the demand for beef sharply, and the price falls to $2.00/pound. If the long-run supply curve is horizontal, then when long-run equilibrium is reestablished the price will be:
a. $5.25 per pound.
b. $3.25 per pound.
c. $1.25 per pound.
d. $2 per pound.
e. greater than $2 per pound, but less than $3.25 per pound.
Answer:
C
Explanation:
i think i have seen this qestoin before :)
I'maGoldMiner has benefited from a record rise in gold prices in the global commodities market. While the price of its output is highly influenced by market speculation, if it wants to increase production to take advantage of the current profit-maximizing opportunity, the company
a) must accept market price for its physical capital inputs.
b) must reduce what it pays for inputs that make up its costs of production.
c) must reduce production to encourage speculators to drive gold prices higher.
d) must alter the price of its labor inputs to maximize profits.
Answer:
a) must accept market price for its physical capital inputs.
Explanation:
The price of gold in the commodity market is being influenced by market speculation. Market speculation implies investors are trying to profit from the changing prices of gold. When the market is active, the price of gold will be moving up and down depending on demand.
The current prices are high is a motivation to sell. For I'maGoldMiner to profit from the current high prices, it must continue with production. In the event the prices of physical capital inputs change, the company must accept the new prices. The high selling prices will assist the company in absorbing any changes input costs. That way, the company will maximize on the current high prices.
Final answer:
The correct response is that I'maGoldMiner must accept the market price for its physical capital inputs. They have no control over these prices, and must deal with them as they come.
Explanation:
If I'maGoldMiner wants to increase production to take advantage of the current profit-maximizing opportunity due to a record rise in gold prices, the company must navigate the economic principles of supply and demand. When demand for the good produced increases, leading to higher output price and profitability, producers typically require more labor to increase production. However, in the case of physical capital inputs, the firm must often accept the market price, which is influenced by external factors beyond their control, similar to petroleum for chemical companies or coffee for coffee shops. On the other hand, labor costs may be more controllable; although, altering them significantly to maximize profits must be done within the competitive labor market context.
The correct answer to this question is option (a) the company must accept market price for its physical capital inputs. Companies generally cannot control the market prices for their inputs, especially commodities like gold, which are subject to international market dynamics. Attempting to alter labor costs can be a strategy, but this can only be done within the limits of market competitiveness and labor laws.
In order for a firm to engage in price discrimination, it must be Select the correct answer below:
a) Able to separate consumers into different groups based on demand elasticities
b) A price taker Experiencing economies of scale in the relevant range of production
c) Producing in the inelastic portion of its demand curve to raise its price and increase total revenue
Answer:
a) Able to separate consumers into different groups based on demand elasticities
Explanation:
A firm is able to practice the price discrimination when following conditions are fulfilled:
- The firm should have market power and must be a price maker.
- The firm must be able to differentiate its customer base into different groups based on their demand elasticity.
- The firm is able to stop the cross selling between different groups of customers that are charged different prices.
Therefore, For firm to engage to price discrimination, it must be able to separate consumers into different groups based on their demand elasticities.
In a process costing system, the calculation of equivalent units is used for calculating the dollar amount of ending inventory the dollar amount of the cost of goods sold for the accounting period the dollar cost of a particular job Both A and B are correct
Answer:
calculating the dollar amount of ending inventorythe dollar amount of the cost of goods sold for the accounting periodExplanation:
The calculation of equivalent units main purpose is to convert partially completed units that are still in production, into completed units according to the amount that could be produced using the same amount of inputs.
Once you calculated the equivalent units, you can assign a value to your ending inventory including both finished units and equivalent units. By doing this you can calculate the cost per unit and the COGS for the accounting period.
In a process costing system, equivalent units are used to allocate costs of a specific period over all units produced during that period, crucial for evaluating stock and cost of goods sold. 'Equivalent units' refers to fully completed units equivalent to the work done during a period, for fair cost distribution.
Explanation:In a process costing system, the calculation of equivalent units is used to determine the dollar amount of both the ending inventory and the cost of goods sold for an accounting period. The term 'equivalent units' refers to the amount of work done during a period, expressed in fully completed units. This concept helps to allocate the costs of an accounting period fairly over all units worked on during that period.
For example, if a factory produces 1000 units in a period, but 200 are only 50% complete at the end of the period, we would say there are 900 equivalent units. The costs of the accounting period would then be spread across these 900 units. Therefore, the calculation of equivalent units aids in evaluating the ending inventory and cost of goods sold in a process costing system.
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aroline Watts is an employee of Lavender Creek Farm. She has come to you, the payroll accountant, for advice about her health insurance premiums, specifically if she should have them deducted pre-tax or post-tax. Required: What reason(s) would you give her for having the medical premiums deducted on a pre-tax basis?
Answer:
If Aroline decides to deduct her medical premiums on a pre-tax basis then she will save money since she will have a lower gross income subject to federal or state income taxes, and FICA taxes (social security and medicare).
If her gross income lowers, the taxes she pays will also be lower.
The United States Navy purchases uniforms from a single supplier. For the last twenty-five years, the trousers purchased from this supplier have not changed and have been bought every six months, in seven different sizes. This example is called aA. new-product purchaseB. repetitive purchaseC. straight rebuyD. modified rebuyE. standard order
Answer:
C. straight rebuy
Explanation:
Straight rebuy -
It is the method , when the customer purchases another identical goods in the same amount with the same terms and condition , from the very same supplier , is known as straight rebuy .
Hence , from the question ,
The United States Navy buys uniform from the same supplier for the last 25 years .
Therefore ,
the information given in the question is about straight rebuy .
the traditional concept concerning employer or employees' free decision on termination in non unionized organizations is termed as_________________.
Answer:
Employment at will.
Explanation:
Answer:
Employment at will
Explanation:
IS a term used un the U.S,. labor law, for contractual relationships in wich an employee can be dismissed by an employer for any reason, and whitout warning, as long as the reason is not illegal.
During project executing, a team member comes to the project manager because he is not sure what work he needs to accomplish on the project. Which of the following documents contains detailed descriptions of work packages?A. WBS dictionaryB. Activity listC. Project scope statementD. Scope management plan
Answer:
The correct answer is A. WBS dictionary.
Explanation:
The WBS (work breakdown structure) or Work Decomposition Structure (WDS) provides a common reference framework for all project elements and for the estimation and programming of specific tasks within the project. time, resources and quality within the project plans.
A good work breakdown structure encourages a systematic planning process, reduces the possibility of omitting key elements of the project, and simplifies the project through its division into manageable units. It is a tool to follow the progress of the project.
If WBS is used as the common skeleton for programming and for estimation, communication between professionals working on the project will be facilitated.
A WBS is, or should be, a uniform, consistent and logical method of dividing a project into smaller, more manageable components for planning, estimation and control.
A WBS oriented to deliverables facilitates and encourages the exchange of information. Ideally, there should be some uniformity and consistency in the WBS. In order to achieve uniformity, "all children of the same father" must be developed on the basis of the same base.
The ultimate goal is to achieve a WBS that highlights a logical organization of products, components and modules.
The WBS Dictionary contains detailed descriptions of work packages, offering the needed clarification for a team member unsure of their project tasks. Option A
Explanation:The document that contains detailed descriptions of work packages in a project is the WBS Dictionary. The Work Breakdown Structure (WBS) Dictionary is designed to provide detailed information about each component in the Work Breakdown Structure, including work packages.
It includes detailed activities, deliverables, and timelines for each piece of the WBS. Therefore, when a team member is unsure about the specifics of the tasks they are required to perform, the WBS dictionary is the go-to document for clarification.
Other documents listed are important for project management, but the WBS dictionary specifically provides the level of detail about the work to be performed under each work package. The Activity List is generally a breakdown of the work packages into the individual activities required to complete them.
The Project Scope Statement provides an understanding of the project scope, including the major deliverables and project assumptions and constraints. The Scope Management Plan describes how the project scope will be defined, validated, and controlled. Option A
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Information systems help achieve many important business objectives. When a manager does not receive forecasts, sales projections, or appropriate dashboards, the business objective of ______________ is not achieved.
Answer: Proper decision making
Explanation: Information is key factor when a business manager needs to make proper decisions.
The manager needs to get all the available charts, analysis, projections about a particular business to be taken. Poor information would increase the likelihood of business failure.
Steven, a construction worker, tends to buy a new gadget if most of his friends have them and only after they've teased him about not having the gadget yet. He relies on reviews from his friends rather than on television or newspaper advertisements to make his purchase decisions. It can be inferred that when it comes to the diffusion of innovation, Steven belongs to the group of _____.
a. innovatorsb. early majorityc. late majorityd. early adopters
Answer: late majority
Explanation: In simple words, it refers to the group of people who are last to accept a new technology or product that comes to the market.
These are the group of individuals who remains satisfied with their existing level of technical knowledge and utility and are resistant to any change with respect to it.
In the given case, Steven adopted for new gadget only when his friends pressurized him to do so. Thus, we can conclude that Steve belongs to the group of late majority.
Conventional database technologies often choke when trying to sift through the massive amounts of data collected by many of today's firms, leading to the rise of Hadoop and other "Big Data" technologies. True False
Answer:
true
Explanation:
The Hadoop software developed by Apache Technologies is an open source software library that allows the processing of big data across computers using a programming model. It was designed to facilitate the handling of big data from single servers to thousands of computers.
Most companies cannot afford to invest millions in computer hardware in order to support all their big data, so they have use Hadoop or similar software to handle it (it is cheaper this way).
A report indicated that the average real wage in manufacturing declined by 2 percent between 1990 and 2000. If the CPI equaled 1.30 in 1990, 1.69 in 2000, and the average nominal wage in manufacturing was $35 in 2000, what was the average nominal wage in manufacturing in 1990?
Final answer:
To find the average nominal wage in manufacturing in 1990, calculate the inflation-adjusted wage using the CPI. The average nominal wage in manufacturing in 1990 was approximately $35.
Explanation:
To find the average nominal wage in manufacturing in 1990, we need to calculate the inflation-adjusted wage using the Consumer Price Index (CPI). First, we can calculate the inflation rate by dividing the CPI in 2000 (1.69) by the CPI in 1990 (1.30). This gives us an inflation rate of approximately 1.3 (1.69 / 1.30).
Next, we can calculate the real wage in 2000 by multiplying the average nominal wage in 2000 ($35) by the inflation rate (1.3). This gives us a real wage of approximately $45.5 (35 * 1.3).
Finally, to find the average nominal wage in 1990, we need to adjust the real wage in 2000 for inflation. We divide the real wage in 2000 ($45.5) by the inflation rate (1.3). This gives us an average nominal wage in 1990 of approximately $35 (45.5 / 1.3).
After analyzing the data on cab services in Lucitona, the Transport Authority of Lucitona discovered that there was an 85 percent increase in the number of people using cab services on rainy days. In the context of data mining, the Transport Authority of Lucitona discovered a(n) _____.
a. affinity pattern
b. data cluster pattern
c. sequential pattern
d. extrapolative pattern
Answer:
A) affinity pattern
Explanation:
Affinity patterns show associations that occur among objects in the real world. These objects that show affinity patterns or association patterns are not complementary to each other and sometimes may not even be related to each other.
In this case, the fact that it is raining is probably what causes the 85% in cab service usage. If we analyze them separately, cab service and rain have nothing to do with each other, but when it rains more cabs are used.
Assume that a family spends 35% of its income on housing, 20% on travel-related expenses, 10% on utilities, 25% on health care, and 5% on miscellaneous items. Demand for which category will be most responsive to a change in price?
Answer:
We need the slope of each category.
Explanation:
Having the amount of each category is not enough to find the responsive of each one of them to a change in their prices, we need a measure called elasticity, this indicator measures the responsive of a product to a change in its price.
_______________ is an explanation of the process by which firms acquire and retain one or more value-chain activities inside the firm, minimizing the disadvantages of dealing with external partners and allowing for greater control over foreign operations.
Answer:
Internalization theory
Explanation:
Developed in 1976 by Buckley and Cassom and Rugman in 1979, the theory of internalization is premised on the assumption that companies perform the operating processes performed by the market less efficiently internally, that is, each company has a set of specific factors that assist in gaining competitiveness.
The process of corporate internationalization occurs when the company internationalizes its operations across borders.
There are two fundamental principles that underpin the theory of internalization:
The benefits of market internalization must outweigh the costs. The transaction costs of internalization operations should be higher than the costs of their organizational integration.Andre Company does not segregate sales and sales taxes when it charges customers at the register. Its register total for a given day is $5,724, which includes a 6% sales taxes. How much should be recognized as sales revenue and sales taxes payable, respectively?
a. $5,000 and $724
b. $5,437.80 and $286.20
c. $5,381 and $343
d. $5,400 and $324
e. $5,724 and $0
Answer:C- $5,381 and $343
Explanation:
Andre Company had sales of $5,724 which has a 6% sales tax included in the sales.
Therefore we need to calculate what the sales tax component in the sales figure is. It is calculated thus:
Total sales including tax = $5, 724
Sales tax charged is 6%
Therefore actual sales = $5,724 * 6%
Equals $343
Adjusted sales is $5,724-$343= $5,381.
Adjusted Sales figure is $5,381
Tax on sales is $343
The correct amounts to be recognized are $5,400 as sales revenue and $324 as sales taxes payable, which corresponds to option d. This is determined by dividing the total register amount by 1.06 to separate the taxable sales from the included 6% sales tax.
The student is asked to calculate the amounts that should be recognized as sales revenue and sales taxes payable when the total register amount includes sales tax. The total amount collected is $5,724, which includes a 6% sales tax.
To find the sales revenue and the sales taxes payable, we first need to separate the total amount into the taxable sales and the sales tax itself. To do this, we'll use the following formula where t is the total amount collected, r is the sales revenue, and s is the sales tax rate:
r + (r × s) = t
Let's convert the sales tax rate to decimal form (6% = 0.06) and rearrange the equation to solve for r:
r (1 + s) = t
r (1 + 0.06) = $5,724
r = $5,724 / 1.06
r = $5,400
Now, the sales tax amount can be determined by subtracting the sales revenue from the total amount collected:
Sales taxes payable = t - r
Sales taxes payable = $5,724 - $5,400
Sales taxes payable = $324
So the correct answer is that the sales revenue is $5,400 and the sales taxes payable is $324. This corresponds to option d.
Outstanding stock of the West Corporation included 40,000 shares of $5 par common stock and 20,000 shares of 5%, $10 par non-cumulative preferred stock. In 2013, Hall declared and paid dividends of $8,000. In 2014. Hall declared and paid dividends of $24,000. How much of the 2014 dividend was distributed to preferred shareholders?
a) $16.000.
b) $10.000
c) $12,000.
d) None of these answer choices are correct.
Answer:
b) $10.000
Explanation:
In order to find the total preferred stock dividend we need to have the rate of the dividend, the par value of the preferred stock and the number of preferred stocks. In this question we are given the rate of the dividend of preferred stock which is 5%, we are also given the par value of the preferred stock which is $10 and we are also given the total number of preferred stock which is 20,000.
To find out how much dividend was distributed to preferred shareholders we need to use the formula
Rate of dividend*par value of stock * number of preferred shares
0.05*10*20,000= 10,000
Identify the purpose of antitrust legislation.
Answer and Explanation:
Antitrust laws are referred to as the laws which tend to advocate, protect and also advertise competition, i.e. the competitive transformation in the definite line of the commerce i.e. the well defined markets. This most commonly is known to be the sole purpose of the antitrust legislation. These legislation are known not to penalize the big organizations based on the detail of the size.
"Coordinating fiscal policy," one of the five limits of fiscal policy, can be difficult because _____.
a. Economists often disagree about the meaning of certain statistics.
b. State and local government policies might interfere with the intended outcome of federal policies.
c. Government officials might take a long time to put these policies into effect.
d. Government spending changes must come from the limited funds of discretionary spending.
Answer:
The answer is letter B
Explanation:
Because State and local government policies might interfere with the intended outcome of federal policies.
Answer:
B: State and local government policies might interfere with the intended outcome of federal policies.
You are a manager in a supermarket. One evening, you hear raised voices and see Chuck shouting at a customer, "I’m not going to put the bread in a separate bag! I’m going to put it in the top of this bag so it doesn’t get squashed. That’s good enough!" Because yelling at customers is not allowed, you intervene and take care of the customer, and you ask Chuck to meet you in the office. There you use____________suspending Chuck without pay for the rest of his shift, to try to prevent this behavior from happening again.
Answer:
punishment
Explanation:
Basically, the manager is trying to change the behavior of his employee, Chuck. In management and organizational psychology, that is often referred to as the reinforcement theory of motivation.
In this example, the manager uses remuneration punishment in order to alter Chuck's noted behavior pattern.
NOTE - This is not to be confused with negative reinforcement, which is also related to the reinforcement theory. Although the term negative may imply some similarities with punishment, negative reinforcement is a different concept. While punishment is directly weakening the unwanted behavior, negative reinforcement is strengthening a desired behavior, by means of removing an unwanted consequence for the employee when he follows the wanted behavior pattern.
For example, a form of negative reinforcement would be if Chuck knew upfront that his pay would be reduced if he yelled at his customers and he avoided yelling in the first place because of that.
Bruner Stores wants to have 500 shovels in ending inventory on December 31. Budgeted sales for December are 1,950 shovels. The November 30 inventory was 320 shovels. How many shovels should Benson Stores purchase for December?
Answer:
Purchases = 2100 shovels
Explanation:
given data
ending inventory = 500 shovels
Budgeted sales = 1,950 shovels
inventory = 320 shovels
to find out
How many shovels should Benson Stores purchase for December
solution
we know here ending inventory formula that is express as
Ending inventory = Beginning inventory + Purchases - Sales .......................1
put here value we will get Purchases
so that
500 = 320 + Purchases - 1950
Purchases = 500 + 1950 - 350
Purchases = 2100 shovels
Sonny's Surfer Shop produces and sells custom surf boards. Assume that labor is the only input that varies for the firm. The firm's owner has determined that if she hires 10 workers, the firm can produce 10 surf boards per day. If she hires 11 workers, the firm can produce 12 surfboards per day. The firm sells each surfboard for $2,000 . and it pays each of its workers $200 per day. Which of the following is correct?a. For the 11th worker, the value of the marginal product of labor is $400.b. For the 11th worker, the value of the marginal product of labor is $4,000.c. The firm should not hire the 11th worker since hiring this worker reduces profit.d. In order to justify hiring the 11th worker the firm will need to raise the price of a surfboard.
Answer:
B) For the 11th worker, the value of the marginal product of labor is $4,000.
Explanation:
The marginal product of labor (MPL) of a company is the total change in output achieved by hiring an additional worker. To calculate the MPL we have to multiply the change in output (measured in units) times the revenue generated by every extra unit of output.
In this case, the MPL = 2 surfboards x $2,000 per surfboard = $4,000
Suppose during the course of a year an economy produces $7 trillion of consumer goods, $1 trillion of investment goods, $5 trillion in government services, and has $1 trillion of exports and $2 trillion of imports. For that economy, GDP would be: A)$16 trillion. B) $14 trillion. C) $13 trillion. D) $12 trillion.
Answer:
D) $12 trillion.
Explanation:
GDP is the sum of all final goods and services produced in an economy within a given period which is usually a year.
GDP = Consumption + Investment + Government Spending + Net Export
Net Export = Export - Import
Net Export = $1 - $2 = -$1
GDP = $7 + $1 + $5 - $1 = $12
All calculations are in trillion
I hope my answer helps you.
What is it called when banks record which account gives up money and which account receives money when a customer writes a check? net worth the discount rate the federal funds rate check clearing
Answer:
check clearing
Explanation:
Answer:
Check Clerking
Explanation:
Gradpoint
The production function is Select one: a. influenced by the productivity of workers. b. the marginal revenue produce minus the wage rate paid to workers. c. the increase in the amount of output from an additional unit of labor. d. All of the above are correct.
Answer:
D, all of the above are correct.
A not-for-profit hospital pays $150,000 interest on its bonds outstanding. The bonds were issued to finance construction of a new hospital wing. In its statement of cash flow, the interest should be shown as a cash outflow from
a. noncapital financing activities
b. capital financing activities
c. operating activities
d. investing activities
Answer:
c. operating activities
Explanation:
Operating activities -
It is the activity of the functions of the business which is directly linked via providing the respective services and goods in the market , is known as operating activities .
It is the core business activity of the company , like the marketing , distributing , selling the services or goods and manufacturing .
It is responsible for the majority of the cash flow within the company .
Hence , from the question , the correct term according to the given data is c. operating activities .