A justification for job training programs is that they improve worker productivity. Suppose that you are asked to evaluate whether more job training makes workers more productive. However, rather than having data on individual workers, you have access to data on manufacturing firms in Ohio. In particular, for each firm, you have information on hours of job training per worker (training) and number of non-defective items produced per worker (output).

Required:
a. Carefully state the ceteris paribus thought experiment underlying this policy question.
b. Does it seem likely that a firm’s decision to train its workers will be independent ofworker characteristics? What are some of those measurable and unmeasurable workercharacteristics?
c. Name a factor other than worker characteristics that can affect worker productivity.
d. If you find a positive correlation between output and training, would you haveconvincingly established that job training makes workers more productive? Explain.

Answers

Answer 1

Solution :

a). There is a way to state the question :

If there are two firms, firm A and firm B. Both the forms are same in all the respects but differ in only one thing, that firm A provides job training 1 hour per worker more than the number of hours of training of firm B, by how much the output of firm A would differ than the output from firm B?

b). The manufacturing firms that are located in Ohio will provide the job training based on the characteristics of workers. Some of the determining factors includes years of schooling, experience in a particular job, etc. The firms can even consider the worker's age, race or gender. The training will be provided to the less efficient workers based on their ability.

c). The amount of the capital as well as the technology that is available to the workers would affect the output of the firm. Thus the firms having the same kind of employees would have different outputs when the firms used different technology or different amount of capital.

d). No, unless the training is randomly assigned. The factors are listed above which can contribute to the finding of a positive correlation between the output and the training even when the job training does not improve the productivity of the worker.


Related Questions

Firm X is considering the replacement of an old machine with one that has a purchase price of $70,000. The current market value of the old machine is $18,000 but the book value is $32,000. The firm's tax rate is 30%. What is the net cash outflow for the new machine after considering the sale of the old machine? Disregard the effect of depreciation of the new machine if acquired.
A. $47,800
B. $70,000
C. $52,000
D. $40,100 20.

Answers

Answer:

A. $47,800

Explanation:

Calculation to determine the net cash outflow for the new machine after considering the sale of the old machine

First step

Loss on sale of old machine = 18000 - 32,000

Loss on sale of old machine = ($14,000)

Second step

Tax savings from loss on sale=14,000 x 30%

Tax savings from loss on sale = $4200

Third step

Net benefit from sale of old machine = Sales proceeds + tax on loss of sale

Net benefit from sale of old machine= $18,000 + $4200

Net benefit from sale of old machine= $22,200

Now let determine the Net cash outflow for new machine

Net cash outflow for new machine = Cost of new machine – Net benefit

Net cash outflow for new machine= $70,000 – $22,200

Net cash outflow for new machine= $47,800

Therefore the net cash outflow for the new machine after considering the sale of the old machine is $47,800

Begin with a single sum of money at period 0. First, calculate a future value of that sum at 12.01%. Then discount that future value back to period 0 at 11.99%. In relation to the initial single sum, the discounted future value:_________

a. Is greater than the original amount
b. Is less than the original amount
c. Is the same as the original amount
d. Cannot be determined with the information given

Answers

Answer:

A

Explanation:

Let single sum = 100

The formula for calculating future value:

FV = P (1 + r)^nm

FV = Future value  

P = Present value  

R = interest rate  

m = number of compounding

N = number of years  

Future value in year 1 = 100 x 1.1201 = 112.01

Present value = future value / (1 + r)

112.01 / 1.1199 = 100.02

The discounted future value, 100.02 , is greater than, 100, the value at the initial stage by 0.02

, G's employees each earned an average of $870 per week. A total of 600 vacation weeks earned in 2021 were not taken during 2021. Wage rates for employees rose by an average of 6 percent by the time vacations actually were taken in 2022. What is the amount of G's 2022 salaries expense related to 2021 vacation tim

Answers

Answer:

$31,320

Explanation:

Calculation to determine the amount of G's 2022 salaries expense related to 2021 vacation tim

G's employees earned average of $870 per week.

Total vacation week in 2021 wew not taken - 600 week

Total salary expense of G corporation = $870 per week × 600

Total salary expenses = $522,000

If Wage rates for employees rose by an average of 6 percent

The amount of G's 2022 salaries expense = Total salary expenses × wage rate

The amount of G's 2022 salaries expense = $522,000 × 6%

The amount of G's 2022 salaries expense = $31,320

Therefore the amount of G's 2022 salaries expense related to 2021 vacation tim is $31,320

You own 400 shares of Stock A at a price of $50 per share, 290 shares of Stock B at $75 per share, and 700 shares of Stock C at $27 per share. The betas for the stocks are .6, 1.2, and .5, respectively. What is the beta of your portfolio

Answers

Answer:

0.67

Explanation:

Beta measures the systemic risk of a portfolio

The portfolio's beta can be determined by adding together the weighted beta of each stock in the portfolio

weighed beta of a stock = percentage of the stock in the portfolio x beta of the stock  

total number of stocks in the portfolio 400 + 290 + 700 = 1390

(400 / 1390 x 0.6) + (290 / 1390 x 1.2) + (700 / 1390 x 0.5) =

0.17 + 0.25 + 0.25 = 0.67

difference between Kenyan and china culture​

Answers

Chinese culture is one of the world's oldest cultures, tracing back to thousands of years ago. Important components of Chinese culture includes ceramics, architecture, music, literature, martial arts, cuisine, visual arts, philosophy and religion

Red Co. recorded a right-of-use asset of $170,000 in a 10-year finance lease. Payments of $27,667 are made annually at the end of each year. The interest rate charged by the lessor and known by Red was 10%. The balance in the lease payable after two years will be

Answers

,Answer: $147,599.30

Explanation:

Lease payment = Interest component + Principal component

Year 1:

Interest = 10% * 170,000

= $17,000

Principal component = 27,667 - 17,000

= $10,667

Lease payable will drop to:

= Lease balance - Principal component

= 170,000 - 10,667

= $159,333

Year 2:

Interest = 10% * 159,333

= $15,933.30

Principal component = 27,667 - 15,933.30

= $11,733.70

Lease payable balance will drop to:

= 159,333 -11,733.70

= $147,599.30

Managers make assumptions in CVP analysis. These assumptions include:__________
a) constant total fixed costs. constant total variable costs.
b) constant fixed cost per unit.
c) constant sales volume.
d) constant variable cost per unit.
e) constant selling price per unit.

Answers

Answer:

constant variable cost per unit.

constant total fixed cost

constant selling price per unit

Explanation:

Cost-volume-profit (CVP) analysis is a way to found out if the variable and fixed cost should be changed so how it effects the profit of the firm. Also company could applied cost volume profit analysis in order to see how much units they required to sell in order to have break even or reach to the specific minimum profit margin

So in this, the total fixed cost, selling price per unit, and the variable cost per unit should be constant

Banks are financial intermediaries because they Group of answer choices print money as needed for borrowers whether business, individual, or government entities. hold all the money in the economic system in currency form. link savers who deposit money and borrowers who seek loans.

Answers

Answer:  link savers who deposit money and borrowers who seek loans.

Explanation:

Loans are simply savings that someone else put into a bank. Without the bank however, it would be hard to connect the people who did the saving with the people who wanted to borrow.

The bank therefore acts as an intermediary for these people. Those who want to save, put money in a bank and those who want to get money, will then be loaned it by the bank. Because the banks has developed expertise in borrowing, it also protects the savings of the savers by not loaning out money to those that might not pay back. This is just one advantage of having the bank as an intermediary.

which one of the following is not benefits of purchasing personal accident insurance a) accidental death. b). emergency evacuation c) temporary disability d) medical expenses. e) none​

Answers

Answer:

I think (a)

not so sure thooo

out line four roles played by entrepreneurs in Kenya​

Answers

Answer:

The roles of entrepreneurs in Kenya are:

Looking out for and spotting opportunities in the marketCreating jobsIncreasing the Internally Generated Revenue of KenyaDevelopment of Infrastructure

Explanation:

Entrepreneurs know how to spot changes and patterns in business trends. When the market begins to tilt in a particular direction, entrepreneurs are quick to spot and take advantage of such. Many times, they even think of the demand before the market knows it to exist.Job creation is one of the reasons why SMEs are invaluable to any economy. Kenya inclusive. When a business does well, where it is located, this translates to increased revenue for the government. There are two main channels via which the government can make money from businesses:

A. Company Income Tax

B. Taxes paid to the government by employees working in such establishments.

Countries that are business savvy run an environment that is enabling for entrepreneurs whilst providing tax incentives for top talent. Hence attracting more revenue to their coffers.

Because governments need businesses to thrive, they provide every amenity that is necessary for businesses and their staff to be comfortable in such environments. This way, entrepreneurs indirectly influence the development of infrastructure.

Cheers

Describe two distinct reasons why someone who has never used a drug in his or her life might refuse a test at work. Convert those reasons into well-founded ethical arguments.

Answers

Answer: See explanation

Explanation:

The two main reasons why someone who has never used a drug in his or her life might refuse a test at work are provided below:

1. If there's no health related reason for the employer to perform the test.

2. When there's no reason by the employee to believe that drug use is occurring.

It should be noted that an employee can refuse a testing unless testing is mandatory for the job or when there's reasonable suspicion. In a situation where there's suspicion, then ethically, the drug test is reasonable as an employee who uses drug can be less productive than others.

Based on this argument, the privacy of the employee should be respected. For example, in a scenario whereby an employer request for a urine sample of the employee, this is an invasion of privacy. Even if the worker took the substance tbe previous night, he or she didn't take it while at work and hence, that isn't the concern of the employer.

Also, there is an argument of freedom. As individuals, we have the right to pursue our own happiness. This is a legal argument.

Caspian Sea Drinks is considering the production of a diet drink. The expansion of the plant and the purchase of the equipment necessary to produce the diet drink will cost $23.00 million. The plant and equipment will be depreciated over 10 years to a book value of $2.00 million, and sold for that amount in year 10. Net working capital will increase by $1.46 million at the beginning of the project and will be recovered at the end. The new diet drink will produce revenues of $9.03 million per year and cost $1.93 million per year over the 10-year life of the project. Marketing estimates 17.00% of the buyers of the diet drink will be people who will switch from the regular drink. The marginal tax rate is 22.00%. The WACC is 14.00%.

Required:
Find the NPV (net present value).

Answers

Answer:

Net cash flow in year 0 = initial investment + increase in working capital

Net cash flow in years 1 to 9 = income after taxes + depreciation

Net cash flow in year 10 = income after taxes + depreciation + recovery of working capital

the percentage of buyers shifting from regular to diet drink is irrelevant for this project

IRR is calculated using the IRR function in Excel, with the inputs of values being the array of cells containing the net cash flows

IRR = 16.7627%

A company issued $50,000 of 8%, 10-year bonds on January 1. The bonds pay semi annual interest. The present value factor of a single amount of 20 periods at 8% is 0.2145.The present value of 10 periods at 4% is 0.6756. The present value of 20 periods at 4% is 0.4564. Determine the present value of the par value of the bonds. Multiple choice question. $22,820 $10,725 $50,000 $33,780 g

Answers

Answer:

$22,820

Explanation:

Calculation to determine Determine the present value of the par value of the bonds.

Discount rate =8%/2

Discount rate= 4%

Present value factor of 20 periods at 4%= ( 1 / 1.04^20 )

Present value factor of 20 periods at 4%=0.4564

Using this formula

Present value of the par value of the bond = Future value of the bond x Present value factor =

Let plug in the formula

Present value of the par value of the bond=$50,000 x 0.4564

Present value of the par value of the bond = $22,820

Therefore the present value of the par value of the bonds is $22,820

Cumulative Preferred Dividends Capital stock of Barr Company includes: Common stock, $5 par, 650,000 shares outstanding $3,250,000 Preferred stock, 15% cumulative, $60 par, 10,000 shares outstanding 600,000 As of December 31, 2018, 2 years' dividends are in arrears on the preferred stock. During 2019, Barr plans to pay dividends that total $360,000. Required: 1. Determine the amount of dividends that will be paid to Barr's common and preferred stockholders in 2019. Total dividend to preferred stockholders $fill in the blank 1 Total dividend to common stockholders $fill in the blank 2 2. If Barr paid $280,000 of dividends, determine how much each group of stockholders would receive. Total dividend to preferred stockholders $fill in the blank 3 Total dividend to common stockholders $fill in the blank 4

Answers

Answer:

Barr Company

December 31, 2019:

Cumulative preferred dividends = $270,000

Common stock dividends =                90,000

Total dividends paid =                    $360,000

December 31, 2019:

Cumulative preferred dividends = $270,000

Common stock dividends =                10,000

Total dividends paid =                    $280,000

Explanation:

a) Data and Calculations:

Common stock, $5 par, 650,000 shares outstanding $3,250,000 Preferred stock, 15% cumulative, $60 par,

10,000 shares outstanding                                                600,000

December 31, 2018:

Cumulative preferred dividends = $180,000 ($600,000 * 15% * 2)

December 31, 2019:

Cumulative preferred dividends = $270,000 ($600,000 * 15% * 3)

Common stock dividends =                90,000 ($360,000 - $270,000)

Total dividends paid =                    $360,000

December 31, 2019:

Cumulative preferred dividends = $270,000

Common stock dividends =                10,000

Total dividends paid =                    $280,000

To reduce your chances of identify theft you should


a.
carry your Social Security Card in your wallet.
b.
check your credit rating regularly.
c.
only use drive thru ATM’s.
d.
never keep receipts with credit information printed on them.

Answers

To reduce your chances of identify theft you should: d. never keep receipts with credit information printed on them.

What is identity theft?

Identity theft  can be defined as the way in which person tend to make use of another person personal data or information so as to defraud people or to commit a crime.


This person can either make use of the person name, credit card numbers among others to commit a fraudulent act by impersonating the owner without the awareness of the person that owns the information.

In order to reduce the  identify theft  it is advisable that  a person should never keep  receipts that has details of their credit information printed on them as a fraudster can make use of the information to defraud or to commit crime.

Therefore To reduce your chances of identify theft you should: d. never keep receipts with credit information printed on them.

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Chance, Inc. sold 5,000 units of its product at a price of $172 per unit. Total variable cost per unit is $131, consisting of $92 in variable production cost and $39 in variable selling and administrative cost. Compute the manufacturing margin for the company under variable costing.

Answers

Answer:

$400,000

Explanation:

Computation for the manufacturing margin for the company under variable costing

Using this formula

Manufacturing margin= Sales - Total variable production cost

Let plug in the formula

Manufacturing margin=( 5,000*$172)- (5,000*$92)

Manufacturing margin=$860,000-$460,000

Manufacturing margin= $400,000

Therefore the manufacturing margin for the company under variable costing is $400,000

One of the biggest barriers identified in the performing stage of team development is the inability of project team members to focus their attention on the task at hand.

a. True
b. False

Answers

The answer is A. True.

Answer: Obama

Explanation: E

A three-year bond has an 8.0 percent coupon rate and a $1,000 face value. If the yield to maturity on the bond is 10 percent, calculate the price of the bond assuming that the bond makes semiannual coupon payments.

Answers

Answer:

$949.24.

Explanation:

The price of the bond also known as the Present Value (PV) of the Bond CAN be calculated using a Financial Calculator as

FV = $1,000

I/yr = 10%

Pmt = ($1,000 x 8.0 %) / 2 = $40

N = 3 x 2 = 6

P/yr = 2

PV = ???

Inputting the data in a Financial Calculator gives a Present Value of $949.24. Thus the price of the bond is $949.24.

Suppose economists observe that an increase in government spending of $14 billion raises the total demand for goods and services by $42 billion. If these economists ignore the possibility of crowding out, they would estimate the marginal propensity to consume (MPC) to be

Answers

The estimation of the marginal propensity to consume should be 2 ÷3

The computation of the estimation of the marginal propensity to consume is shown below:

But before that the multiplier should be

= Total demand for goods & services ÷ government spending

= $42 billion ÷ $14 billion

= 3

Now as we know that

Multiplier = 1 ÷ (1 - MPC)

3 = 1 ÷ (1 - MPC)

1 - MPC =  1 ÷ 3

MPC = 1 - 1 ÷3

= 2 ÷ 3

Therefore we can conclude that The estimation of the marginal propensity to consume should be 2 ÷3

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The following information relating to a company's overhead costs is available.

Actual total variable overhead $74,000
Actual total fixed overhead $18,000
Budgeted variable overhead rate per machine hour $2.00
Budgeted total fixed overhead $16,000
Budgeted machine hours allowed for actual output 44,000

Based on this information, the total variable overhead variance is:

a. $2,000 favorable.
b. $6,000 favorable.
c. $2,000 unfavorable.
d. $6,000 unfavorable.
e. $1,000 favorable.

Answers

74,000 actual total variable overhead

Riverbed Corporation purchased machinery on January 1, 2022, at a cost of $278,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $32,800. The company is considering different depreciation methods that could be used for financial reporting purposes.

Required:
Prepare separate depreciation schedules for the machinery using the straight-line method, and the declining-balance method using double the straight-line rate.

Answers

Answer:

a. Under straight-line method, annual depreciation expenses are as follows:

Year         Annual depreciation expense ($)

2022                          61,300

2023                          61,300

2024                          61,300

2025                          61,300

b.  Under the declining-balance method using double the straight-line rate, annual depreciation expenses are as follows:

Year         Annual depreciation expense ($)

2022                            139,000

2023                             69,500

2024                             34,750

2025                               1,950

Explanation:

a. Prepare a separate depreciation schedule for the machinery using the straight-line method.

Note: See part a of the attached excel file for the depreciation schedule for Straight-line method.

In the attached excel file, the depreciation rate used for the Straight-line method is calculated as follows:

Straight line depreciation rate = 1 / Estimated useful life = 1 / 4 = 0.25, or 25%

From part a of the attached excel file, we have:

Year         Annual depreciation expense ($)

2022                          61,300

2023                          61,300

2024                          61,300

2025                          61,300

b. Prepare a separate depreciation schedule for the machinery using the declining-balance method using double the straight-line rate.

Note: See part b of the attached excel file for the depreciation schedule for double-declining-balance method.

In the attached excel file, the depreciation rate used for the Double declining-balance method is calculated as follows:

Double-declining depreciation rate = Straight line depreciation rate * 2 = 25% * 2 = 50%

From part b of the attached excel file, we have:

Year         Annual depreciation expense ($)

2022                            139,000

2023                             69,500

2024                             34,750

2025                               1,950

Note:

Under this double-declining-balance method, the depreciation expenses for 2025 is calculated by deducting the salvage value of $32,800 from the 2025 Beginning depreciable amount (i.e. $34,750 - $32,800 = $1,950). The residual value of $32,800 therefore represents the book value on December 31, 2025.

Based on a predicted level of production and sales of 20,000 units, a company anticipates total variable costs of $96,000, fixed costs of $24,000, and operating income of $163,200. Based on this information, the budgeted amount of contribution margin for 17,000 units would be:

Answers

The budgeted value of the contribution margin for 17,000 units should be $159,120.

But before determining the contribution margin value first determine the following amounts:

Current contribution margin = Fixed costs + Target operating income

= $24,000 + $163,200

= $187,200

Now contribution margin per unit is

= $187,200 ÷ 20,000 units

= $9.36 per unit

And, finally the contribution margin value should be

= 17,000 units × $9.36 per unit

= $159,120

Therefore, we can conclude that The budgeted value of the contribution margin for 17,000 units should be $159,120.

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Suppose a firm has an annual expenses of $170,000 in wages and salaries, $75,000 in materials, $60,000 in rental expense, and $5,000 in interest expense on capital. The owner-manager does not choose to pay himself, but he could receive income of $30,000 by working elsewhere. The firm earns revenues of $420,000 per year.
1. What are the annual economic costs for the firm described above?
$310,000.
$320,000.
$340,000.
$400,000.
2. What is the economic profit for the firm described above?
$10,000.
$20,000.
Loss of $80,000.
$80,000.
3. To receive a normal profit the firm described above would have to:
Reduce expenses by $10,000.
Earn $80,000 more in revenue.
Earn $80,000 less in revenue.
Earn $310,000 more in revenue.

Answers

Answer:

1. The annual economic costs for the firm described above is:

= $340,000.

2. The economic profit for the firm described above is:

= $80,000.

3. To receive a normal profit the firm described above would have to:

None of the above.

Explanation:

a) Data and Calculations:

Wages and salaries expenses = $170,000

Cost of materials = $75,000

Rental expense = $60,000

Interest expense on capital = $5,000

Total expenses = $310,000

Opportunity cost = $30,000

Total costs = $340,000

Revenue per year = $420,000

1. The annual economic costs for the firm described above is:

= $340,000  ($310,000 + $30,000).

2. The economic profit for the firm described above is:

= $80,000 ($420,000 - $340,000).

3. To receive a normal profit the firm described above would have to:

None of the above.

The normal profit = $110,000 ($420,000 - $310,000)

Frank is a 60- year-old man who is well-loved in his community since he was a boy. He is someone who is outgoing, a party lover, and love to have fun hanging out with peers. Frank is confident about life. From an early age he knew exactly what he wanted to become, and now as a man, he is confident about his career and family and want to leave them a good life when he departs this life. Frank express that he is not afraid of dying but he wants them to be ok when he is gone. At work Frank is helpful to his colleagues, and even in his community he is well-known among the elderly since he is always putting on Christmas treats for them. Imagine that Frank is your colleague, and that your boss asks you to write a character reference for Frank. Using Jung’s personality theory to guide your writing, present a minimum one- page character reference in which you spell out Franks behaviour, his outlook on life, his philosophy about people and all the other important things you know about him. Ensure you point out how these different parts of Franks life fits into Jung’s theory and overall what Jung’s theoretical concept says about him.

Answers

Answer:  

Jung's personality theory-  

Carl Gustav Jung's research was deep-rooted in psychoanalysis and was a Swiss Psychiatrist. He was greatly influenced by Freud and had also worked with him. He had research in personality, the human psyche, and dream analysis.  

Jung gave this theory based on different learning styles or attitudes. Jung distinguished the human personality on the basis of types of attitudes:  

Introvert vs. Extrovert  Perceiving vs. Judging Thinking vs. Feeling  Intuition vs. Sensation

Explanation:

Introvert people are those that have their own world, own privacy, feeling exhausted while having interactions with others and obtain energized in their own company, wish to observe others before getting started, quiet, first listen, watch then reflect.  Extrovert people are those that like to interact with different people, like to enjoy parties, get energized within the outer world, would like working in groups, like to socialize, able to jump in without prior guidance.  Frank has an 'extroversion' personality who may be a lover of outgoing and enjoying parties with peers, likes to socialize, and generating ideas from people.   Perceiving- people that don't have firm decisions and alter their decisions on getting new information.  Judging- people that are firm on their decisions and don't change their decisions on any new information.  Frank may be a judging sort of person, he has firm decisions.  Thinking- Those people that make decisions on the idea of some reason and logic but not on the idea of emotions.  Feeling- Those people that believe in relationships first and make their decisions emotionally.  Frank may be a Thinking sort of one that isn't afraid to die and is prepared to go away his family to be ok.  Intuition- wish to work briefly sessions, considering ideas for the longer term, not practical, always brooding about future goals, belief in theories.  Sensation- specialize in this, reasonable and practical, solver.  Frank is wise as he's not a daydreamer, confident about his life, and knows what to try to do in his life and for his family.

Terry estimates that the costs of insurance, license, and depreciation to operate his car total $460 per month and that the gas, oil, and maintenance costs are 34 cents per mile. Terry also estimates that, on average, he drives his car 2,000 miles per month. Required: a. How much cost would Terry expect to incur during July if he drove the car 1,534 miles

Answers

Answer:

Total cost= $984.62

Explanation:

Giving the following information:

Fixed cost= $460

Unitary variable cost= $0.34 per mile

Miles driven= 1,534

First, we need to establish the total cost formula:

Total cost= fixed cost + unitary variable cost*number of units

Total cost= 460 + 0.34*x

x= number of miles

Now, the total cost for the month:

Total cost= 460 + 0.34*1,543

Total cost= $984.62

Suppose operation X feeds directly into operation Y. All of X's output goes to Y, and Y has no other operations feeding into it. X has a design capacity of 80 units per hour and an effective capacity of 72 units per hour. Y has a design capacity of 100 units per hour. What is Y's maximum possible utilization

Answers

Answer:

72 percent

Explanation:

The computation of the Y's maximum possible utilization is given below:

In the case when the maximum output received from C is 72 units per hour so the maximum input rate to Y should also be 72 units per hour as X and Y are linked in series

So as per the given situation, Y's maximum possible utilization is 72 percent

The same should be considered and relevant

When computer users have trouble with their machines or software, Roland is the first person they call for help. Roland helps users with their problems, or refers them to a more-experienced IT employee. Roland holds the position of __________ in the organization.

Answers

Question Completion with Options:

Support Analyst

Systems Analyst

Database Administrator

Network Administrator

Answer:

Support Analyst

Explanation:

Since Roland provides primary technical support to end-users, sorting out hardware and software problems for them, he is an IT Support Analyst. Roland should also respond to, document, and resolve service calls with the hardware or software.  Some support analysts specialize in specific areas of the IT department, for example, applications.  Others provide general technical support to computer end-users.

Goal setting is a valuable tool for improving your own performance and managing that of your subordinates.

a. True
b. False

Answers

The correct answer to your question is true

Willa and Westley are siblings who built a hair salon business from the ground up. They are now contemplating opening an additional salon location. The estimate to open an additional salon would mean adding $1 million in expenses with their profit increasing by $400,000 each year for the next 5 years (all other things equal). Willa and Westley decide:_____________

a. to take on the new salon because the expected marginal benefit ($2 million over 5 years) is greater than the estimated marginal cost ($1 million).
b. to not open a new salon because the marginal costs prove to be too high.
c. to open a second salon because the marginal cost of the new salon is low compared to other similar projects.

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Answer:

A

Explanation:

The marginal benefit of a production activity is the change in total benefit as a result of increasing quantity produced by one unit

Marginal cost is the change in total cost as a result of increasing the quantity produced by one unit.

An activity should be undertaken if the marginal cost is less than the marginal benefit. It means that the activity is profitable.

Here the marginal benefit = 400,000 x 4 = 2,000,000  

the marginal benefit is greater than the marginal cost. Thus, the new salon can be established

Journalize the following transactions for Lucite Company. Assume 360 days per year.

a. November 14: Received a $4,800.00, 90-day, 9% note from Alan Albertson in payment of his account.
b. December 31: Accrued interest on the Albertson note.
c. February 12: Received the amount due from Albertson on his note.

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Answer:

a.

Date               Account Title                                       Debit                 Credit

Nov. 14           Note Receivable                               $4,800

                       Accounts Receivable                                                 $4,800

b.

Date               Account Title                                       Debit                 Credit

Dec, 14           Interest Receivable                             $56.40

                      Interest revenue                                                         $56.40

Working

= 4,800 * 9% * 47 days / 360

= $56.40

47 days is number of days from Nov. 14 to December 31.

c.

Date               Account Title                                       Debit                 Credit

Feb. 12           Cash                                                   $4,908

                      Interest receivable                                                          $56.40

                      Interest revenue                                                              $51.60

                      Notes Receivable                                                           $4,800

Working:

Cash = 4,800 + (4,800 * 90/360 * 9%)

= $4,908

Interest revenue = Cash - Interest receivable - Notes receivable

= 4,908 - 56.40 - 4,800

= $51.60

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