Answer:
$24,000
Explanation:
Cost of goods sold = Net sales - gross profit.
As net sales = $40,000
Average gross profit = 40%
Thus, gross profit in dollars = $40,000 [tex]\times[/tex] 40% = $16,000
Thus, cost of goods sold = $40,000 - $16,000 = $24,000
Sales represent the total revenue earned and cost represent the entire value of manufacturing it.
It is $24,000.
Use this formula to help solve the problem. gross income = total of all incomes added together Given the following information what does the gross income for the month equal? Cash = $100, Checks = $200, Credit Card Charges = $400
Answer:
$700
Explanation:
Data provided in the question:
Formula for gross income
gross income = total of all incomes added together
Cash = $100,
Checks = $200,
Credit Card Charges = $400
Now,
gross income according to the given formula will be
Gross income = Cash + Checks + Credit Card Charges
or
Gross income = $100 + $200 + $400
or
Gross income = $700
The gross income for the month, calculated by adding together the amounts from cash, checks, and credit card charges ($100 + $200 + $400), equals $700.
Explanation:The question asks to calculate the gross income for the month using the given formula: gross income = total of all incomes added together. Given the amounts from various sources, which are Cash = $100, Checks = $200, and Credit Card Charges = $400, we simply need to add these amounts together to find the total gross income for the month.
To compute the gross income, add the amounts from each source:
Adding these together gives us: $100 + $200 + $400 = $700.
Therefore, the gross income for the month equals $700.
Functional fixedness refers to: a. Continued use of problem-solving strategies that have worked in the past b. Arriving at a particularly insightful solution to a problem c. The tendency to see an item only in terms of its most common use d. Focusing on information that is irrelevant to the solution of the problem
Answer: Option (C)
Explanation:
Here, from the given options the correct option is (C). Functional fixedness is referred to as the psychological inclination which tends to constraint an individual to use the respective object in the a particular way i.e. how it has been traditionally utilized. This concept was first seen in the Gestalt psychology, which is referred to as the movement in discipline of psychology which mostly emphasizes on the comprehensive approach.
Ted is compiling a survey on consumer preferences. In order to achieve the most accurate snapshot of their likes and dislikes, he should include more than 20 questions and ask respondents to spend approximately 30 minutes answering the questions.
a) true
b) false
Answer:
The correct answer is b) false.
Explanation:
A consumer survey allows companies to collect information from potential consumers who use various media.
Written surveys: this is used when a researcher tries to collect complete information from consumers. Written surveys should be concise, because if they are long, consumers may not complete them.
Questions from these types of surveys should be carefully selected so that feedback is easily obtained. Written surveys can be sent to a random sample of individuals and the responses can be analyzed in a generalized manner, so that they represent a population.
Typically, this type of survey is used to gather information on sensitive issues, as respondents can take their survey home and provide comments at the most convenient time.
When recording the payment of interest using the effective-interest method, the entry will include a ______ to Discount on bonds payable in the amount of the difference between the cash payment based on the ______ interest rate and interest expense based on the ______ interest rate. debit; stated; market credit; stated; market debt; market; stated credit; market; stated
Answer:Debit , market, stated.
Explanation: An actual payment of interest from a payables account is always entered as a debit in that account ledger. Then when calculating the effective interest : it is the the difference between the cash payment based on the market interest rate and interest expense based on the stated interest rate.
When Kimberly begins working for Pharmco Industries, the company tells her that at a future date, after so many years of employment with the company, she can receive retirement pay. Her rights on that date to receive pay upon retirement would be considered:a. vested.b. accrued.c. sheltered.d. inferred
Answer: Vested
Explanation: In simple words, vested refers to the right of possessing an asset or such in future which is secured by law and no third party can take away that right without the permission of the vested party.
The asset vested belongs to some other party but remains secured in the possession of some other party for a specified period of time. In the given case, Kimberly has been informed that so many years she will get her retirement pay.
Hence we can conclude that her retirement pay is vested.
Marvin is an employee of Wild Thing Farms. Marvin finds out that the head of Wild Thing Farms is illegally importing endangered animals to sell as pets. If Marvin reports his employer’s illegal activities he will probably be protected fro retaliatory discharge by______________.
A. No statutes
B. Whistleblower statutes
C. Unemployment statutes
D. Worker compensation statutes
Answer:
B. Whistleblower statutes
Explanation:
A whistleblower is any person who discovers activities that could be inappropriate, illegal, or unethical and reports them to the authorities. A whistleblower exposes ill-doings to the relevant authorities or the media. The perpetrators of the wrongdoings always want their acts to remain a secret. They intimidate and threaten anyone who dares to expose them.
The whistleblower statutes were enacted to protect any person who exposes misconduct from any harm. The law safeguards them from any form of retaliatory action. Workers who report their superiors have the jobs protected by the law. Their superiors cannot threaten or reprimand them for their actions.
Big Data includes:
a. large volumes of data with many different data types that are processed at very high speeds.
b. large volumes of entity-relationship diagrams (ERD) with many different data types that are processed at very high speeds.
c. large volumes of data entry with a single data type processed at very high speeds.
d. large volumes of entity-relationship diagrams (ERD) with a single data type processed at very high speeds.
Answer:
Your correct answer is B. Large volumes of eninty-relationship diagrams (ERD) with many different data
types that are prossesed at very high speeds.
Explanation:
PLEASE MARK BRAINLIEST!!!
On April 1, Fine Corp. faxed Moss an offer to purchase Moss’ warehouse for $500,000. The offer stated that it would remain open only until April 4 and that acceptance must be received to be effective. Moss sent an acceptance on April 4 by overnight mail and Fine received it on April 5. Which of the following statements is correct?a. No contract was formed because Moss sent the acceptance by an unauthorized method.
b. No contract was formed because Fine received Moss' acceptance after April 4.
c. A contract was formed when Moss sent the acceptance.
d. A contract was formed when Fine received Moss's
acceptance.
Answer:
B) No contract was formed because Fine received Moss' acceptance after April 4.
Explanation:
The mailbox rule established that an acceptance is effective if it has been sent by a means authorized by the offeror, or by the same means used to sent the offer.
Fine Corp. didn't state by what means it would accept an offer, but if Moss would have faxed his acceptance at 23:59 April 4th, the acceptance would have been valid. But since Moss used an overnight mail service, his acceptance was not received on time and therefore is not effective.
At December 31, Year 1, Kale Co. had the following balances in the accounts it maintains at First State Bank: Checking account #101 $175,000 Checking account #201 (10,000) Money market account 25,000 90-day certificate of deposit, due 2/28/Y2 50,000 180-day certificate of deposit, due 3/15/Y2 80,000 Kale classifies investments with original maturities of three months or less as cash equivalents. In its December 31, Year 1, balance sheet, what amount should Kale report as cash and cash equivalents? a) $200,000 b) $190,000 c) $240,000 d) $320,000
Answer:
c) $240,000
Explanation:
The computation of the cash and cash equivalents are shown below:
= Checking account #101 - Checking account #201 + Money market account + 90-day certificate of deposit
= $175,000 - $10,000 + $25,000 + $50,000
= $240,000
Since the 180 days certificate of deposit has not come under the computation part as the maturity period of this period is more than the actual maturity given in the question i.e three months
A ________ has three characteristics.
(1) a source of competitive advantage making a significant contribution to perceived customer benefits.
(2) has applications in a wide variety of markets.
(3) is difficult to imitate.
Answer: Core competency.
Explanation: Are the main qualities a company possess that distinguishes it in the market. This core skills and ideas possessed by the company is very hard to copy by other companies.
The core competency of a company most times is the company's key selling point in the field it specialises in. This qualities endears the customers of a company to it.
Final answer:
A well-respected brand name fits the criteria of contributing to customer benefits, having wide market applications, and being hard to imitate, thus it provides a company with a sustainable competitive advantage in business.
Explanation:
The subject of this question is core to the concept of competitive advantage and applies to Business studies at the College level. Of the given options, the correct answer that fits all three criteria - contributing to perceived customer benefits, having applications in a wide variety of markets, and being difficult to imitate - is e. A well-respected brand name that has been built up over many years. A patented invention may also fit these criteria, however, a patent has a limited life span after which it can be imitated.
Establishing a brand takes significant time and effort, and it engenders customer loyalty that is not easily replicated. This enduring loyalty contributes to retaining a competitive edge, manifests in different market segments, and provides resistance to imitation by competitors. The strength of a brand comes from sustained product differentiation and the prestige associated with the brand, which can sustain superior profitability and market position in the long run.
Target costing starts with: the selling price of an organization’s end product minus the operating profit to establish the target cost. the buyer’s lowest reasonable price target, and works to a negotiated price agreed on by the buyer and the supplier. the supplier’s price, and works to determine the supplier’s true cost structure. the supplier’s price, and works to determine the selling price of the buying organization’s end product or service. the selling price of an organization’s end product minus actual manufacturing, overhead, and materials costs to determine operating profit.
Answer:
the selling price of an organization’s end product minus the operating profit to establish the target cost.
From the sales price and gain we stabliosh the maximum cost for the product. We must optimize our purchases strategy and manufacturing processto allow this cost to be possible.
Explanation:
the supplier’s price, and works to determine the supplier’s true cost structure.
the supplier’s price, and works to determine the selling price of the buying organization’s end product or service.
If we start from the supplier price, we are going to end up doing a markup from cost which is the traditional method
The buyer’s lowest reasonable price target, and works to a negotiated price agreed on by the buyer and the supplier.
We cannot bargain with the "buyer" unless we face a monopoly or monopsony else; it will be a lot of potential consumers and negociate with all of them is not viable. Also there is no target cost from this option.
the selling price of an organization’s end product minus actual manufacturing, overhead, and materials costs to determine operating profit.
Then, there is no target; we subtract our cost and what is left is operating profit there is no pressure to optimize or improve our ways.
university researchers create a positive externality because what they discover in their research labs can easily be learned by others who haven't contributed to the researchers costs. What could the federal government do to equate the equilibrium quantity of university research and the socially optimum quantity of university research produced?
A) tax universty researchers
B) offer grants to university researchers
C) eliminate subsidized student loans
D) nothing
Answer:
B) offer grants to university researchers
Explanation:
Positive externality is when the benefits of economic activities to third parties exceeds its costs.
Research and development activities usually generate positive externality because discoveries and inventions are made which benefits the whole society.
Also, education generates positive externality .
Government can encourage activities that generates positive externality by giving grants and subsidies.
Giving grants and subsidies reduces the cost of activities.
Taxes increases the cost of production and this can discourage production.
It is activities that generate negative externality that are usually taxed.
Negative externality is when the benefits of economic activities to third parties is less than the cost.
The cost advantage for offshore outsourcing to India used to be 6:1 or more. It is estimated that once this advantage shrinks to _____ or less, cost savings would no longer be an incentive for U.S. offshore outsourcing to India.
Answer:
1.5 : 1
Explanation:
1.5 to 1, means that for every $1 that an American company spends in offshoring activities in India, it would need to spend $1.50 in the United States to perform the same activity. By offshoring activities, American companies are saving at least 50%.
If this ratio is reduced to less than 1.5 : 1, American companies will not have any motivation to offshore activities to India. Many companies offshore activities because they save money, but if they wouldn't be able to save money, then it is always better to perform your activities at your home country since the economy as a whole benefits.
The cost savings threshold for offshore outsourcing to India is estimated to be 3:1 or less, at which point the incentive diminishes. This is due to factors like rising wages, demand exceeding supply for skilled workers, and the importance of quality and reliability of services.
The cost advantage for offshore outsourcing to India used to be 6:1 or more. It is estimated that once this advantage shrinks to 3:1 or less, cost savings would no longer be an incentive for U.S. offshore outsourcing to India. Offshore outsourcing typically leverages infrastructure and labor cost advantages when compared to traditional outsourcing. However, this advantage can diminish as wages in the outsourcing country rise, demand for skilled workers exceeds supply, and the quality and reliability of services become increasingly important factors for companies considering offshore outsourcing.
The New York Times reported in 2004 that rising wages in India might lead to a loss in its outsourcing edge, forecasting a situation where demand for college graduates in the outsourcing markets would exceed supply by 20% by 2008. This implies that the demand for Indian workers was increasing while the supply was not keeping up, possibly inflating wages and reducing the cost advantage. Additionally, while labor cost differentials between countries are a significant factor, they are not the only one; companies also need assurance of service quality and reliability, as well as considering the political and economic environment.
A national magazine with regional editions _____. Group of answer choices
a) tailors ads to different age groups contains different stories for different geographic regions relies solely on
b) subscription sales relies solely on
c) newsstand sales sends special editorial content to readers with high incomes
Answer:
contains different stories for different geographic regions
Explanation:
A national magazine with regional editions contains different stories for different geographic regions. there are many of these types of magazines all over the world. Each of which focuses on many topics and modify each copy in order to appeal distinctly to the geographic region in which it is releasing in order to increase sales.
Below are data from the income statement of Brown, Inc: Beginning finished goods inventory $16,000Ending finished goods inventory $21,000 Cost of goods sold $43,000 Gross margin from sales $39,000Operating expenses; Marketing and selling $20,000Net income $19,000What was Brown's cost of goods manufactured?
Answer:
Cost of goods manufactured = $48,000
Explanation:
Cost of goods sold = Beginning inventory + Cost of goods manufactured - Cost of Ending inventory
In the given information, the cost of goods sold = $43,000
Beginning inventory = $16,000
Ending finished goods inventory = $21,000
Thus, putting value in equations we have:
$43,000 = $16,000 + cost of goods manufactured - $21,000
$43,000 + $21,000 - $16,000 = Cost of goods sold
$48,000 = Cost of goods manufactured.
Final answer:
Brown's cost of goods manufactured is calculated by adding the cost of goods sold to the ending finished goods inventory and subtracting the beginning finished goods inventory, resulting in a total of $48,000.
Explanation:
To calculate Brown's cost of goods manufactured, we need to consider the beginning finished goods inventory, cost of goods sold, and ending finished goods inventory. Using these components, we apply the following formula:
Cost of Goods Manufactured = Cost of Goods Sold + Ending Finished Goods Inventory - Beginning Finished Goods Inventory
Plugging in the provided numbers, we have:
Cost of Goods Manufactured = $43,000 + $21,000 - $16,000
The cost of goods manufactured for Brown, Inc. is $48,000.
Tyler Jones is the CEO of a medium-sized manufacturer of bedding and blankets. Tyler insists on making all decisions on what styles are manufactured; the type of material that will be used in each; the sources from which the company will purchase yard goods, thread, and buttons; and the shippers the company will use. Which of the following terms describes this company?
a. routinized
b. centralized
c. formalized
d. standardized
Answer:
centralized
Explanation:
Based on the information provided within the question it can be said that the term that best describes this company is centralized. This term refers to an organization in which all decisions are made at the top of the company and those executives hold all the power. Which in this case is Tyler who is the top executive in the company and makes all the decisions.
Tyler Jones' management style, where he makes all significant decisions regarding manufacturing processes and materials, is centralized since the authority is concentrated at the top of the organization.
Explanation:The CEO of a medium-sized manufacturer of bedding and blankets, Tyler Jones, who insists on making all decisions on manufacturing styles, material types, sourcing, and shipping, is demonstrating a management style that is described as centralized. In a centralized organization, decision-making authority is concentrated at the top level, and there is little delegation to lower levels.
In contrast, routinized relates to repeated processes, formalized refers to structured procedures within an organization, and standardized implies uniform practices across an organization. However, Tyler's control over numerous operational decisions most directly relates to a centralized management approach, not necessarily implying routine, formalization, or standardization of the company's practices.
Jack determined one of the metrics he would use to gauge the level of exposure his marketing message had with his target market was the number of times the target was exposed to his message throughout the six weeks of the campaign, representing its
Answer:
This represents its "frequency".
Explanation:
Frequency of a marketing message refers to how many times a target market or potential customers are exposed to the marketing message.
This is similar to "reach" but with a slight difference. Reach refers to the number of customer who have come across the message.
For example, it is possible for one customer to see the message five times. Frequency takes this into account while reach does not.
Glaler, a large-scale cell phone manufacturer, has a robot in each of its outlets that studies a customer's usage history and suggests a model of Glaler's cell phone that is most likely to suit the customer. This scenario best illustrates _____
A) organizational innovation
B) corporate entropy
C) reverse engineering
D) agile development
Answer:
A) organizational innovation
Explanation:
Based on the information provided within the question in regards to the situation at hand it seems that this scenario best illustrates organizational innovation. This term refers to when an organization introduces a new and unique product or service into their organization that sets them apart from their competition. Which in this scenario would be the robot in each of it's outlets which provide customer service.
For smaller income-producing properties, appraisers may use the ratio of a property's selling price to its effective gross income. This is an example of a gross income multiplier. going-in cap rate. going-out cap rate. net operating income.
Answer:
The correct answer is gross income multiplier.
Explanation:
Gross income multiplier is the figure used as a multiplier of the annual gross income of a property to produce an estimate of the value of the property. Number used to estimate the Value of a Property. Gross property income is multiplied by this figure.
Al files for bankruptcy. Al has been making loan payments to his company's credit union through payroll deductions. After being notified of the bankruptcy, his employer continues to deduct the loan payments from his paychecks. Al's employer:____a. is in violation of the bankruptcy code.b. is required to continue taking the deductions.c. can continue taking the deductions until the loan is repaid.d. can continue taking the deductions for 180 days.
Answer:
A. Is in violation of the bankruptcy code.
The Illinois populations of the greater prairie chicken benefited when managers brought in prairie chickens from other populations. This restored genetic variation to the Illinois populations through the process of __________.
Answer: Gene Flow
Explanation:
In the population genetics, the gene flow which is also referred to as the allele flow is described as the transmission of the genetic alteration from one ends of the population to the other. If the amount of the flow tends to be high enough, then the respective populations are known to to have the equal allele frequencies and thus effectively can be termed as the single population.
Answer: C. genetic drift
Explanation: :)
For a group to reach the deepest and most effective levels of the Working Stage, it is essential that members _____________ to work through areas of interference that hinder achievement.
Answer: COMMIT
Explanation: The word that best fit into question would be:
It is essential that members COMMIT to work through areas of interference that hinder achievement.
Explaining the statement in the question, for a group of individuals bound by a common objective to reach their target goal, there needs to be a commitment by the group members to do what's needed of them regardless the challenge they may face while doing their task.
According to the theory of supply-side economics, a cut in the tax rate will actually result in an increase rather than a decrease in tax revenues. Which statement best explains how this is supposed to happen?
Answer:
When the government lowers tax rates, both consumer spending and private investment increase, leading to an increase in economic growth which will in turn contribute to increase government revenue through a higher tax base.
Explanation:
For every dollar that an individual earns, two things happen:
propensity to consume: proportion of total income that individuals decide to spend instead of saving. Consumer spending increases private consumption. propensity to save: proportion of total income that individuals decide to save instead of spending. All the money individuals save become private investment.Sierra offers to sell Alyssa a Scottish terrier puppy for $800. Alyssa and Sierra do not discuss the dog’s ancestry, but Alyssa believes that the dog came from champion lines and agrees to the price. Alyssa later discovers that the puppy is worth only $200. Can Alyssa rescind the contract based on her mistake?
a. Yes, because Alyssa had a duty to investigate, which she failed to perform.
b. Probably not, because Alyssa made a mistake about the dog’s value, not a mistake about a material fact.
c. Probably so, because Alyssa made a mistake about a material fact.
d. Yes, because the dog was clearly not worth $800.
Answer:
The correct option is B
Explanation:
Sierra offers to sell a puppy to Alyssa for the amount of $800. And they did not discuss the ancestry of the dog but Alyssa believes that the dog is from champion line. So, agreed on the same.
But later on she discovered the fact the she has been overpriced. So, grounded on this she is not allowed to revoke the contract. As she made made a mistake regarding the value or the worth of the dog not on the material fact of the dog.
Many locations require that renters be paid interest on their security deposits. If you have a security deposit of $3,600, how much would you expect to receive in interest per year at 3 percent?
Answer:
So you should expect to receive $108 in interest per year
Explanation:
If you put money on security deposit, it is still your money and you should receive interest for it like when you put money on a bank deposit.
For a $3,600 deposit with 3 percent per year interest, the interest you should be paid would be:
3,600 * 0.03 = $108
The Assembly Department shows the following information: Beginning Work in Process Ending Work in Process Units Transferred Out Units 19900 65300 30200 How many total units are to be accounted for by the Assembly Department? a) 75600. b) 65300. c) 95500. d) 85200.
Answer:
a) 75600.
Explanation:
Given;
Beginning Work in Process = 19900
Ending Work in Process = 65300
Units Transferred Out Units = 30200
Total units are to be accounted= x
19900 - 30200 + x = 65300
x = 65300 - 19900 + 30200
x = 75,600
The Tostitos BCS National Championship game will feature the top two college football teams competing for the national title. The Tostitos brand name is included in the event’s name because Frito-Lay, the manufacturer, paid for:
1. sponsorship.2. co-branding rights.3. cooperative advertising.4. direct marketing privileges.
Answer:
Explanation:
Sponsorship is a marketing approach where a company pays some amount to be associated with an event. Sponsorship marketing is common in sporting tournaments. Corporates offer sporting teams money to participate in certain sporting activities. Organizations may also sponsor the sport itself by funding the association that organizes the events.
By spending money on sponsorship marketing, corporates hope to benefit by gaining recognition. When a company sponsors an event, it acquires the privileges to carry out brand promotion during the event. For example, the company may place burners in the venue of the activity, or it may have its name printed on the T-shirts of the team or teams competing. In this case, the Tostitos brand name is included.
At year-end, Stick Company has cash of $ 15 comma 000, current accounts receivable of $ 30 comma 000, merchandise inventory of $ 40 comma 200, and prepaid expenses totaling $ 5 comma 900. Liabilities of $ 60 comma 000 must be paid next year. What is Stick's acid-test ratio?
Answer:
0.75 times
Explanation:
The computation of the acid test ratio is shown below:
Quick ratio = Quick assets ÷ total current liabilities
where,
Quick assets = Account receivable + cash balance
= $30,000 + $15,000
= $45,000
And, the current liabilities is $60,000
Now put these values to the above formula
So, the value would equal to
= $45,000 ÷ $60,000
= 0.75 times
Assume General Motors has decided to build an assembly plant in St. Louis. The plant will employ 1,000 full-time workers at an annual wage of $40,000 each. If the marginal propensity to consume in St. Louis is 2/3, what change in income will result from the operation of the plant for one year?
Answer:
$80 million
Explanation:
The total income received by the plant's employees during the year will be $40 million (= 1,000 employees x $40,000 per employee). Since their propensity to consume is 2/3, they the employees will spend $26.67 million and save $13.3 million.
The money multiplier can be calculated using the formula: money multiplier = 1 / (1 - MPC) = 1 / (1 - 0.67) = 1 / 0.33 = 3
To determine the total income effect in St. Louis we have to multiply the money spent times the money multiplier = $26.67 million x 3 = $80 million
The operation of a new General Motors assembly plant in St. Louis, given the marginal propensity to consume of 2/3, will result in a total change in income of $120,000,000 for the city due to the multiplier effect.
Explanation:The question asks about the economic impact of a new General Motors assembly plant in St. Louis, employing 1,000 workers at an annual wage of $40,000 each, given a marginal propensity to consume of 2/3. To calculate the change in income resulting from the operation of the plant for one year, we must consider the multiplier effect based on the marginal propensity to consume. The initial increase in income due to the plant's payroll is 1,000 workers multiplied by $40,000, which equals $40,000,000. With a marginal propensity to consume of 2/3, this means that for every additional dollar earned, residents will spend 2/3 and save the remaining 1/3.
Using the formula for the multiplier, which is 1/(1 - marginal propensity to consume), the multiplier here would be 1/(1 - 2/3) = 3. Therefore, the total change in income is the initial change multiplied by the multiplier, which is $40,000,000 times 3, giving a total increase in income of $120,000,000.
Joey has recently joined an advertising firm as an executive. He keeps asking Michael, his manager, for feedback on his performance. Michael, who normally has problems giving feedback to his subordinates, is delighted by Joey's attitude. In this context, which of the following needs could Joey be rated high on?
A. Need for affiliationB. Need for powerC. Need for recognitionD. Need for achievementE. Need for self-actualization
Answer:
Letter D is correct. Need for achievement.
Explanation:
The need for achievement is related to an individual who needs achievement, achievement of high working standards, control and mastery of skills and competencies. Workers with this need are motivated to work hard to achieve complex goals that ultimately increase their sense of satisfaction and achievement.
Generally those who develop this need are influenced by pressure and external expectations and characterize a competitive individual profile that due to motivation and determination has the ability to excel in relevant activities.