Answer:
The unemployment rate that occurs when an economy's real GDP is equal to its potential output
Explanation:
The natural rate of unemployment will exist even when the economy is at full employment. It consists of frictional and structural unemployment but not cyclical unemployment. The natural rate of unemployment is present in a healthy and growing economy. In other words, natural unemployment is the unemployment rate when the labor market is at equilibrium.
When the economy is growing at an optimum rate, the real GDP is equal to potential GDP. In such a situation, the economy will experience full employment. At full employment, the rate of unemployment matches the natural rate of unemployment. As such, the natural rate of unemployment will exist when the real GDP is equal to potential GDP.
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
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 takenRegarding 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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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
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.
Define macro environment
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.
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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When the tasks and authority associated with various positions in the organization are clearly specified, it creates a scenario where: a) employees can be held strictly accountable for their actions. b) managers face difficulty in tracking the assigned tasks. c) order and discipline are undermined. d) confused employees create havoc within the formal hierarchy of authority. e) employees are not sure of what is expected of them.
Answer:
A) employees are held strictly accountable for their actions.
Explanation:
When tasks are given specifically as well as authority to various positions, persons holding those positions will be held accountable for inquiries or issues that may arise from those specific positions. For example, a bread factory has a unit headed my John who is in charge of creative the bread tag, if the tag is done wrongly, or is being delayed, the management instantly knows who to question.
Answer:
employees are held strictly accountable for their actions.
Explanation:
Of the following internal controls, which ones are considered a detective control (as opposed to a preventative control)? Mark all that apply!! There are more than one. Question 21 options: Two people open mail and make a list of checks received. Customers are sent a statement of outstanding balances to confirm they agree (if an employee deposited a payment in their personal account, the customer would argue the outstanding balance). Inventory is kept in locked and secure location with limited access. Preparation of a bank reconciliation each month. Cameras are everywhere and monitors are in public sight so everyone knows they are on camera.
Answer:
1. Preventive
2. Detective
3. Detective / Preventive
4. Preventive / Detective
Explanation:
Two people open mail and make a list of checks received. Preventive
This will prevent any fraud from happening but it serves as checks and balances
Customers are sent a statement of outstanding balances to confirm they agree (if an employee deposited a payment in their personal account, the customer would argue the outstanding balance). Detective
If there has been any fraud of money collected from customers and taken by an employee,it will be revealed
Inventory is kept in locked and secure location with limited access. Preventive
Inventory being stored securely is to prevent theft
Preparation of a bank reconciliation each month. Detective / Preventive
Bank reconciliation will detect any fraud or error, in case employees have diverted deposits into personal accounts it will not reflect in the account. This also serves as a preventive measure because employees will be deterred from fraud if they know that they will be caught at the end of the month when a reconciliation is performed.
Cameras are everywhere and monitors are in public sight so everyone knows they are on camera. Preventive / Detective
Camera's serve as a preventive measure because employees will be deterred from fraud if they know that they will be caught at the end of the period when a CCTV review is performed.
It will also detect any theft in case employees have pilfered inventory or cash into personal belongings when no one was watching.
Answer:
Customers are sent a statement of outstanding balances to confirm they agree (if an employee deposited a payment in their personal account, the customer would argue the outstanding balance). DETECTIVE
Preparation of a bank reconciliation each month. DETECTIVE
Explanation:
The following three options are preventive control activities:
Two people open mail and make a list of checks received. PREVENTIVEInventory is kept in locked and secure location with limited access. PREVENTIVECameras are everywhere and monitors are in public sight so everyone knows they are on camera. PREVENTIVEDetective controls are designed to detect or discover errors, mistakes or fraud, all which have already happened. They are meant to deal with problems once they take place, they are not meant to prevent them. On the other hand, preventive controls are meant to prevents errors, mistakes or fraud from happening. E.g. audits are a type of detective control since they analyze past events, while segregation of duties is a type of preventive control.
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
Answer:
is concept promoted by Adam Smith and Charles babbage in books they wrote
During the year, Swifty Corporation made an entry to write off a $33900 uncollectible account. Before this entry was made, the balance in accounts receivable was $423000 and the balance in the allowance account was $32500. The accounts receivable amount expected to be collected after the write-off entry was
Answer:
The accounts receivable amount expected to be collected after the write-off entry was $390,500.
Explanation:
Account Receivable Balance = $423,000
Less: Allowance Account Balance = $32,500
New Account Receivable Balance = $390,500
Since the write off entry was not made and there is an account for allowance of uncollectible account so at that the entry was made as follows:
Debit: Account Receivable $32,500
Credit: Uncollectible account expense $32,500
To record uncollectible expense.
Since we are certain that $32,500 will not received and recorded as bad debt so we simply deduct this amount from account receivable balance to derive new balance as shown above.
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
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.
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
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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Golf-course designers have become concerned that old courses are becoming obsolete since new technology has given golfers the ability to hit the ball so far. designers, therefore, have proposed that new golf courses need to be built expecting that the average golfer can hit the ball more than 230 yards on average. suppose a random sample of 152 golfers be chosen so that their mean driving distance is 229.9 yards. the population standard deviation is 41.4. use a 5% significance level.
Complete Question:
Golf-course designers have become concerned that old courses are becoming obsolete since new technology has given golfers the ability to hit the ball so far. designers, therefore, have proposed that new golf courses need to be built expecting that the average golfer can hit the ball more than 230 yards on average. suppose a random sample of 152 golfers be chosen so that their mean driving distance is 229.9 yards. the population standard deviation is 41.4. use a 5% significance level.
Calculate the followings for a hypothesis test where H0:μ = 230 and H1:μ < 230 :
(a) The test statistic is _____
(b) The P-Value is _____
The final conclusion is:
Answer:
t - statistic = -0.02977977
p value = 0.488753
There is no sufficient evidence to warrant rejection of the claim that the mean driving distance is equal to 230
Explanation:
Number of samples(n) = 152
Significance level = 5%
sample standard deviation(s) = 41.4
sample Mean (x) = 229.9
H0:μ = 230 and H1:μ < 230
A.) The test statistic can be calculated using the formula;
t = (x - μ) ÷ (s/sqrt(n))
t = (229.9 - 230) ÷ (41.4/sqrt(152))
t = -0.1 ÷ 3.3579834174
t-statistic = -0.02977977
Using the p value calculator on the t-statistic value at a significance level of 0.05;
The p-value is 0.488753
With the p value sufficiently greater than 0.05, There is no sufficient evidence to warrant rejection of the claim that the mean driving distance is equal to 230
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
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.
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?
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.
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.
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 spanMarcia 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.
Replay Sports Stores and SportsPower Products, Inc., enter into a contract for a sale of trampolines. SportsPower Products is a merchant who deals in goods of the kind sold. Under the UCC, an implied warranty of merchantability arises _________.
A) automaticallyB) only if the buyer asks for such a warranty.C) only if the seller expresses such a warranty.D) only in conjunction with lease contracts, not sales contracts.
Answer:
A) automatically
Explanation:
Under the regulation created by the Uniform Commercial code, all merchants are expected to provide their goods with reasonable level of quality.
Even if those merchant do not directly stated that they will provide warranty, they're required to exchange the goods if the customers can proof that the goods are below reasonable level of quality. This is the reason why it's called 'implied' warranty.
Answer:
The correct answer should be A) automatically
Explanation:
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.
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
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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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
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.
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.
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.
Mattel Inc.’s 2013 financial statements show operating profit before tax of $1,168,103 thousand, net income of $903,944 thousand, provision for income taxes of $195,184 thousand and net nonoperating expense before tax of $68,975 thousand. Assume Mattel’s statutory tax rate for 2013 is 37%. Mattel’s 2013 tax shield is:
Answer:
$25,521 thousand
Explanation:
Mattel Inc.’s
Tax shield = Net nonoperating expense before tax × statutory tax rate
Therefore :
= $68,975 × 37% = $25,521 thousand
If we assumed that Mattel’s statutory tax rate for 2013 is 37% then Mattel’s 2013 tax shield will be $25,521 thousand.
Options:
A) $ 43,454 thousand
B) $ 25,521 thousand
C) $ 264,159 thousand
D) $ 238,638 thousand
E) None of the above
Answer:
B) $ 25,521 thousand
Explanation:
Tax shield refers to reductions in taxable income that a corporation can claim based on allowable deductions. Tax shields lower the amount of total taxes owed. This applies to both businesses and individuals.
Tax shield is calculated by multiplying the taxable expense by the company's current tax rate. In this case, the company's expense that reduces taxes is $68,975 thousand (non-operating expenses).
Tax shield = $68,975 x 37% = $25,520.75 ≈ $25,521 thousand*
*Mattel's financial statements are expressed in thousands of dollars, $25,520.75 would be equal to $25,520,750.
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
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.
What happens when someone loses a case and still wants to keep fighting?
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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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.)
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.
________ 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
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.
The ________ component of the consumer decision-making model draws on external influences as sources of information about a particular product that influence a consumer's product-related values, attitudes, and behavior.
Answer:
Input
Explanation:
The input component of the consumer decision-making model draws on external influences as sources of information about a particular product that influence a consumer's product-related values, attitudes, and behavior.
These input factors are known as the marketing mix activities of organizations that try to communicate the benefits of their products and services to potential consumers
The external component of the consumer decision-making model represents external influences that impact a consumer's product-related values, attitudes, and behavior.
Explanation:The external component of the consumer decision-making model draws on external influences as sources of information about a particular product that influence a consumer's product-related values, attitudes, and behavior.
These external influences can include various factors such as advertising, word-of-mouth, reviews, and social media. For example, a consumer may be influenced by a celebrity endorsement or positive online reviews when making a purchasing decision.
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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.
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.
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.
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.Find out more information about demand here:
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Fizzzle Inc. sold a piece of equipment during the period for $230,000 and recorded a gain of $45,000 on the sale. How should this gain be treated when preparing the operating activities section of the statement of cash flows using the indirect method?
Answer:
The gain is subtracted from net income in the operating activities section
Explanation:
Given that
Sale value of an equipment = $230,000
And, the gain on the sale = $45,000
So by considering the above information
We can say that the Sale value of an equipment is shown in the investing activities as a cash inflow while the gain on the sale is to be subtracted from the net income in the operating activities and if there is a loss than it would be added to the net income
Final answer:
When using the indirect method for the statement of cash flows, a gain from the sale of equipment, such as Fizzzle Inc.'s $45,000 gain, should be subtracted from net income to accurately reflect cash generated from operating activities.
Explanation:
When preparing the operating activities section of the statement of cash flows using the indirect method, any gain from the sale of equipment, such as the $45,000 gain reported by Fizzzle Inc., should be subtracted from net income. This adjustment is necessary because the gain is considered an investing activity, not an operating activity. When the indirect method is used, adjustments to net income are made to convert the net income from an accrual basis to a cash basis. Non-cash items, like depreciation and gains or losses on sales of assets, are adjusted because they do not affect cash flow directly. Therefore, the gain of $45,000 would be subtracted from the net income to eliminate its effects and accurately reflect the cash generated from operating activities.
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."
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.
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.)
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.
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
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.
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
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.