Answer:
The correct answer is E.
Explanation:
The correct option is E.
Alex should be wary of employees that experience headaches, back discomfort, and migraines or even depressed people.
Stress makes us respond to pressure be it physical or emotional one. Stress at home or workplace can increase ones blood pressure.
So potential employees or current ones that have headache, migraine or back discomfort are susceptible to stress.
Realizing that bacon toothpaste probably wasn’t the best invention, Mr. Bacon's business (Bacon Co.) developed a new product – bacon-scented sunscreen. Bacon Co. spent 6 months (January 2020 – Sept. 2020) and $10,000 developing the sunscreen. The product launched September 1, 2020, and initially it was a huge success. Bacon-scented sunscreen generated over $600,000 in sales in 2020. Sales tapered off quickly, and the sunscreen only generated sales of $100,000 in 2021. It is anticipated that there will be no bacon-scented sunscreen sales after 2021. What amount of R&E expenditures can Bacon Co. deduct in 2020 if Bacon Co. prefers to accelerate deductions as much as possible?
XYZ has contribution margin of 30% with fixed costs of $550,000. Next year, sales are projected to be $3,100,000. An advertising with additional $120,000 is being evaluated. How much would sales have to increase to justify the additional ad expense
Answer:
$400,000
Explanation:
Calculation to determine How much would sales have to increase to justify the additional ad expense
Using this formula
Required sales=Additional advertising value/Fontribution margin
Let plug in the formula
Required sales = $120,000 / 0.3
Required sales = $400,000
Therefore How much would sales have to increase to justify the additional ad expense is $400,000
Troy Engines, Ltd., manufactures a variety of engines for use in heavy equipment. The company has always produced all of the necessary parts for its engines, including all of the carburetors. An outside supplier has offered to sell one type of carburetor to Troy Engines, Ltd., for a cost of $34 per unit. To evaluate this offer, Troy Engines, Ltd., has gathered the following information relating to its own cost of producing the carburetor internally:
Per Unit 21,000 Units
Per Year
Direct materials $ 14 $ 294,000
Direct labor 12 252,000
Variable manufacturing overhead 2 42,000
Fixed manufacturing overhead, traceable 9 * 189,000
Fixed manufacturing overhead, allocated 12 252,000
Total cost $ 49 $ 1,029,000
*One-third supervisory salaries; two-thirds depreciation of special equipment (no resale value).
1. Assuming the company has no alternative use for the facilities that are now being used to produce the carburetors, what would be the financial advantage (disadvantage) of buying 21,000 carburetors from the outside supplier?
Financial (disadvantage) ..................
2. Suppose that if the carburetors were purchased, Troy Engines, Ltd., could use the freed capacity to launch a new product. The segment margin of the new product would be $210,000 per year. Given this new assumption, what would be financial advantage (disadvantage) of buying 21,000 carburetors from the outside supplier?
Financial advantage ...................
Answer:
1. Financial disadvantage ($63,000)
2. Financial advantage $147,000
Explanation:
1. Calculation to determine what would be the financial advantage (disadvantage)
Per Unit
Differential
Costs 21,000 Units
Make Buy Make Buy
Cost of purchasing
$0 $34 $0 $714,000
($34*21,000 Units=$714,000)
Direct materials
$14 $294,000 $0 $0
Direct labor
$12 $0 $252,000 $0
Variable manufacturing overhead
$2 $0 $42,000 $0
Fixed manufacturing overhead, traceable1
$3 $0 $63,000 $0
($9 per unit × 1/3=$3)
Fixed manufacturing overhead, common
$0 $0 $0 $0
Total costs $31 $34 $651,000 $714,000
Financial (disadvantage) of buying the carburetors $ (3) $ (63,000)
($31-$34=$3)
($651,000-$714,000=-$63,000)
Based on the above information the company should REJECT the offer and they should CONTINUE TO PRODUCE the carburetors internally.
Therefore the FINANCIAL DISADVANTAGE of buying 21,000 carburetors from the outside supplier is ($63,000)
2. Calculation to determine the financial advantage (disadvantage)
Make Buy
Cost of purchasing $0 $714,000
($34*21,000 Units=$714,000)
Cost of making $651,000 $0
($294,000+$252,000+$42,000+$63,000)
Opportunity cost—segment margin foregone on a potential new product line $210,000 $0
Total cost $861,000 $714,000
Financial advantage of buying the carburetors $147,000
($861,000-$714,000=$147,000)
Based on the above calculation, the company should ACCEPT the offer and thereby PURCHASE the carburetors from the outside supplier.
Therefore what would be FINANCIAL ADVANTAGE of buying 21,000 carburetors from the outside supplier is $147,000
The most important/essential results from the latest decision round that company managers need to review/study in order to guide their strategic moves and decisions to improve their company's competitiveness and rank among the top-performing companies in the upcoming decision round are:_________.
a. the celebrity endorsement data and the 4 graphs showing branded price and S/Q rating trends in each of the four geographic regions on p. 7 of the FIR.
b. the Income Statement and Balance Sheet data on p. 5 of the FR.
c. the strategic group maps for the Internet segment and Wholesale segment for each geographic region in the Competitive Intelligence Report.
d. the Industry Scoreboard and each company's performance on EPS, ROE, stock price, credit rating and image rating displayed on the first 3 pages of the FIR.
e. the Market Snapshot data in the top half of the Competitive Intelligence Report that shows each company's competitive efforts (prices, S/Q rating, models available, and so on) in each geographic region.
Answer:
e. the Market Snapshot data in the top half of the Competitive Intelligence Report that shows each company's competitive efforts (prices, S/Q rating, models available, and so on) in each geographic region.
Explanation:
In the case when the results arise from the recent decision that taken place the company or the manager should have to study for improving out the competitiveness and the ranking so that the market snapshot data could be done for all the zones and due to this the good decision could be carried out that helps in attaining the goals and objectives of the company
So, the last option is correct
____________- allows more than one variable at a time to be changed, and it takes into account the probabilities of changes in the key variables.
Answer:
scenario analysis
Explanation:
scenario analysis estimates changes that would result from a hypothetical change in the market or a reoccurrence of an historical event.
types of scenario analysis
1. historical scenarios : scenarios measure an hypothetical change that would result from a repeat of a particular period of financial history.
2. Hypothetical scenarios : scenarios have never occurred and are just conjured for the sake of analysis.
Sensitivity measures the impact of the change of one variable.
Edison's Lights makes light bulbs. The company is currently producing well below its full capacity. Lamp Land has approached Edison's Lights with an offer to buy 20,000 light bulbs at $0.75 each. Edison;s Lights sells its light bulbs wholesale for $0.85 each; the average cost per unit is $0.83, of which $0.12 is fixed costs. If Edison's Lights were to accept Lamp Land's offer, what would be the increase in Edison's Lights' operating profits?
Answer:
the increase in Edison's Lights' operating profits would be $400
Explanation:
Analysis of the effects of Accepting Lamp Land's offer
Sales (20,000 x $0.75) $15,000
Less Incremental Costs :
Variable Cost (20,000 x $0.73) ($14,600)
Operating Profit $400
thus
If Edison's Lights were to accept Lamp Land's offer, the increase in Edison's Lights' operating profits would be $400
Based on the various costs to make the light bulb, Edison's lights would see an increase in operating profits of $800.
How would Edison's Lights see this profit?The fixed costs would be the same throughout production so should be deducted:
= Average cost - fixed cost
= 0.83 - 0.12
= $0.71
The variable cost of making the bulb is $0.71 which means that the profit made on every bulb if sold at $0.75 would be:
= 0.75 - 0.71
= $0.04
The total profit would be:
= 20,000 bulbs x 0.04
= $800
Find out more on operating profits at https://brainly.com/question/14366117.
Teams of retired executives who help new entrepreneurs with everything from writing business plans to answering questions about everyday operations are known as
Answer:
The answer is "Score".
Explanation:
Service corps of retired executives is a United states Smaller Business Administration (SBA) non-commercial organization its objectives are to provide advice for young or less-experienced entrepreneurs. Voluntary tutors are frequently entrepreneurs, but not the economic world whatsoever. These volunteers weren't just engaging in training on starting a business, but on how to develop & record company marketing films.
Who's Candice?you get 61 points if you answer
Candice is a delightful young lady
Answer:
A strong ,courageous, beautiful , educated woman
Eric, a ghost writer, conducted market research and discovered a niche market in writing scripts for corporate online videos. He also knows now the market will bear $250 per script. What question should he ask next about placement of his marketing mix
Answer: What is the best way to get his service to his target customers
Explanation:
Market research is the process of determining how viable a product will be after research has been conducted in the market. This is vital in getting opinions of customers.
Marketing mix are the marketing tools which an organization can use in order to pursue its marketing objectives.
The question that should be asked about the marketing mix placement is "What is the best way to get his service to his target customers". This is vital in knowing the best method to use in making the product available to the customers.
According to the video, what qualities or items do Cargo and Freight Agents need? Check all that apply.
college degree
familiarity with computers
driving skills
supervisory experience
high-school diploma
answers are 2 and 5
Answer:
B
E
Explanation:
S945274 is correct
Answer:
2 and 5 r the answer
Explanation:
KJ Pharma issues new bonds to fund an acquisition. The face value of the bond is $100 and annual coupon is 6.5%. Further, this bond matures in 20 years and is issued at a price of $105. Assuming KJ Pharma's tax rate is 30%, what is its After-Tax Cost of Debt
Answer:
4.24%
Explanation:
The computation of the after tax cost of debt is given below:
But before that we have to determine the before tax of debt by using RATE formula
Given that
Future value be $100
Present value be $105
PMT is $100 × 6.5% = $6.5
NPER is 20
The formula is
=RATE(NPER,PMT,-PV,FV,TYPE)
After applying the above formula, the before tax cost of debt is 6.06%
Now the after tax cost of debt is
= 6.06% × (1 - 0.30)
= 4.24%
Business executives often prefer to work with rate of return, so to overcome some of the IRR's limitations the modified IRR was devised. The MIRR equation is:
Answer:
Explanation:
MIRR equation is given by :
[(FV +ve cashflow / PV -ve cashflow)^(1/n)] - 1
FV +ve cashflow = Future value of positive cashflow at reinvestment rate
PV - ve cashflow = Present value of negative cashflow at finance rate
n = number of periods
The Modified Internal Rate of Return is a devised modification for the Internal rate of return, IRR which gives rate of return on percentage and overcomes the limitations of the IRR formula.
Stacy accidentally added a new transaction to her bank register via the bank feed that should have been matched to an existing transaction. Where in the Banking Center should she go to find the transaction and correct the error?
a. Gear icon
b. Filter
c. For Review
d. Categorized
Answer:
The answer is "Option d"
Explanation:
The classification classifies its organizing and simplification of a world for human beings comprising things, objects, or concepts that exist around them, that's why Stacy has accidentally uploaded a new transaction via a bank feed which will be matched via an existing transaction to her account. She does go to the Banking Center and employ Categorized as a procedure to remedy the error.
g The process of gathering information and forecasting relevant trends, competitive actions, and circumstances that will affect operations in geographic areas of potential interest is called ________. A. cultural analysis B. sustainable development C. environmental scanning D. internal analysis
Answer:
C. environmental scanning
Explanation:
Environmental scanning is a management strategy that focuses on systematically acquiring informations about occasions, trends, events or patterns through surveys and analysis of these information in an organisation's external and internal environment.
Basically, the informations acquired through environmental scanning are used by the executive (top) management in strategically planning the organisation's future and exploitation of available opportunities for the success of the organization.
Furthermore, the internal environmental scanning offers an organization strength and weakness while the external environmental scanning provides information about opportunities and threats.
On the other hand, the external environmental scanning gives an overview of the opportunities in the market as well as potential threats to an organization.
In conclusion, environmental scanning is a process which typically deals with gathering external and internal informations, forecasting relevant trends to an organization, competitive actions, and circumstances that will affect business operations in geographic areas of potential interest to an organization.
We discussed two types of demand in class. The first type is associated with the primary product (e.g., automobiles) and the second type is related to a component part of the primary product (e.g., tires). In order, these are:_______.
a. Dependent and independent demand
b. Primary and forecast demand
c. Independent and dependent demand
d. Independent and secondary demand
e. Dependent and linked demand
Answer:
Actually I can demand 1 class OK?!
Explanation:
BECAUSE I CAN
A is the answer
The types of management skills
Answer:
Technical Skills Technical skills involve skills that give the managers the ability and the knowledge to use a variety of techniques to achieve their objectives. ...
Conceptual Skills These involve the skills managers present in terms of the knowledge and ability for abstract thinking and formulating ideas. ...
Human or Interpersonal SkillsTechnical Skills Technical skills involve skills that give the managers the ability and the knowledge to use a variety of techniques to achieve their objectives. ...
Conceptual Skills These involve the skills managers present in terms of the knowledge and ability for abstract thinking and formulating ideas. ...
Human or Interpersonal SkillsTechnical Skills Technical skills involve skills that give the managers the ability and the knowledge to use a variety of techniques to achieve their objectives. ...
Conceptual Skills These involve the skills managers present in terms of the knowledge and ability for abstract thinking and formulating ideas. ...
Human or Interpersonal SkillsTechnical Skills Technical skills involve skills that give the managers the ability and the knowledge to use a variety of techniques to achieve their objectives. ...
Conceptual Skills These involve the skills managers present in terms of the knowledge and ability for abstract thinking and formulating ideas. ...
Human or Interpersonal SkillsTechnical Skills Technical skills involve skills that give the managers the ability and the knowledge to use a variety of techniques to achieve their objectives. ...
Conceptual Skills These involve the skills managers present in terms of the knowledge and ability for abstract thinking and formulating ideas. ...
Human or Interpersonal SkillsTechnical Skills Technical skills involve skills that give the managers the ability and the knowledge to use a variety of techniques to achieve their objectives. ...
Conceptual Skills These involve the skills managers present in terms of the knowledge and ability for abstract thinking and formulating ideas. ...
Human or Interpersonal SkillsTechnical Skills Technical skills involve skills that give the managers the ability and the knowledge to use a variety of techniques to achieve their objectives. ...
Conceptual Skills These involve the skills managers present in terms of the knowledge and ability for abstract thinking and formulating ideas. ...
Human or Interpersonal SkillsTechnical Skills Technical skills involve skills that give the managers the ability and the knowledge to use a variety of techniques to achieve their objectives. ...
Conceptual Skills These involve the skills managers present in terms of the knowledge and ability for abstract thinking and formulating ideas. ...
Human or Interpersonal Skills:
Your department has scheduled a 4-hour meeting. A presentation by the head of the department will be given during 1/3 of the meeting. There will also be a 25-minute briefing by the process improvement team, a half-hour presentation by another department, and a 20-minute benefits update from Human Resources. How much time is available for questions or other topics
Answer:
The time available for questions or other topics is 1 hour 25 minutes (85 minutes).
Explanation:
a) Data and Calculations:
The meeting is scheduled for 4 hours = 240 minutes (4 * 60)
Presentation by the department's head = 80 minutes (240/3)
Briefing by the process improvement team = 25 minutes
Presentation by another department = 30 minutes
Benefits update from Human Resources = 20 minutes
Total time taken by the above = 155 minutes
Time available for questions or other topics 85 minutes (240 - 155)
1. Deirdre has one hour this afternoon in which she can either practice the piano for the upcoming school concert, work at
the library for $7 per hour, or babysit her neighbor's son for $10 per hour. Deirdre chooses to practice the piano, but
if she hadn't chosen to practice the piano, she would have chosen to babysit over working at the library. What is the
opportunity cost of Deirdre's decisions
A. The value gained from practicing the piano for an hour.
B. The value of babysitting her neighbor's son for an hour.
C. The value of working at the library for an hour.
D. The value of babysitting her neighbor's son and working at the library for an hour.
Answer:
The correct answer is B) The value of taking care of her neighbours son for 60 minutes.
Explanation:
Opportunity Cost belongs more in the parlance of microeconomics and is used to describe the idea that one cannot have everything all the time. There are alternative ends competing for limited means. In order words, when we decide to take a course of action, in the hope of achieving a thing or getting a reward, there is always another benefit forgone.
So knowing that there is an opportunity that was foregone helps the microeconomist to think carefully about what they want to achieve using the limited resources at their disposal.
Further simplified, if I have $5 dollars to spend, and that amount can purchase either a cupcake or a cup of ice cream, the one I chose to buy becomes the opportunity taken, whilst the alternative forgone is the opportunity cost.
Therefore, the cost of an item is not just the amount of money for which it was purchased, but all other alternatives with which the same amount could have been purchased.
In the question above, Deidre would have chosen to babysit her neighbor's son. That to her is the next best use of her time, and therefore the opportunity cost. According to the question, she wouldn't have worked in the library even if she had nothing else to do. Hence, that does not pass as opportunity cost.
Opportunity cost must be an alternative choice and is very subjective.
Cheers!
Best Buy might use all of the methods of change listed below. Which of these includes inputs, strategic plans, target elements of change, and outputs?
Answer:
E)Systems model of change
Explanation:
These are the options for the question
A)Organizational structure plan
B) social factors method
C) Organizational arrangements
D)Three stage model of planned change
E)Systems model of change
Best Buy are known with selling of consumer electronics as well as a variety of related merchandise.
Systems model of change can be regarded as a model that focus on big picture perspective of change. The model is base on interaction that exist among the key components of change.
The Systems Model of Change can also known as Organization-Wide Change which focus on the fact that there must be implementation of a change organization-wide and not a implementation in piecemeal
Main components that made up of systems model of change are;
✓target elements of change
✓inputs
✓ strategic plans
✓outputs
Identifying your sources will help you to establish credibility.
Question 6 options:
True
False
Answer:
True
Explanation:
Identifying your sources help your audience believe that your information is reliable.
The statement is True. Identifying your sources will help you to establish credibility.
You can increase your trustworthiness by: Being competent is being knowledgeable in your chosen subject. Giving accurate, verified facts is being honest. Responsibility for your choices and deeds.
Why is it important to establish credibility?
Credibility is a crucial quality since it has the power to change people's habits, attitudes, and behaviors. Therefore, if a business, its representatives, or its brand lack credibility, others will be less inclined to trust what is being said or taught, making communication pointless.
You must be regarded as a reliable source of information and judgment by your team members if you want to build credibility. However, when it comes to establishing credibility, deeds speak louder than words. For instance, you risk losing people's confidence if you don't keep your word or make poor decisions without a clear plan.
Thus, Three factors trustworthiness, expertise, and dynamism were taken into consideration while evaluating the people we were working with when only considering their credibility.
Learn more about Credibility here:
https://brainly.com/question/8669599
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34. A written review request to the insurance carrier is the only way to
resolve incorrectly processed claims.
Answer:
False. That is one of many.
Explanation:
False. That is one of many.
What are the four types of organization structures
Answer:
1. Functional
2. Divisional
3. Matrix
4. Flat
Explanation:
Have a nice day :)
Answer:
Four main organizational structure types are:
I. Functional
II. Divisional
III. Matrix
IV. Flat
Explanation:
I. Functional Structure:
Employees performing similar or similar tasks are grouped together in this structure. For example, the financial department consists of accountants, and the same is true in the departments of marketing, operations, and human resources. This structure makes quick decision-making possible because the members of the group have the same skills and interests to communicate easily and can improve their capacities by learning from each other.
II. Divisional Structure
This structure groups employee's by-products or projects that satisfy the requirements of a certain customer type. For example, a catering service restaurant could structure the staff in different departments, such as a wedding service or a department of wholesale retail services. Workers are divided in order to achieve maximum efficiency.
III Matrix Structure:
A matrix structure has a complex story structure since it combines both functional and divisional elements. It first divides employees by specialization, then divides them into departments by project and product. A lot of planning and effort is needed to make this structure but one e has increased the team's productivity, encourages innovation and creativity, and good decision-making.
IV Flat Structure:
The traditional top-down management system is prevented by a flat organizational structure. No concept of boss is in place, every employee is their own boss, eliminating bureaucracy and enhancing direct communication. An employee with an innovative idea or proposal, for example, does not contact every level of senior management in order for the manager to get the idea. The staff can communicate with each other directly at a peer level.
ll else being equal, an increase in the yield to maturity of a bond will result in: a. a lower risk of suffering losses in the market values of the bond portfolios. b. a decrease in the rate of return at which the cash flows from the portfolios can be reinvested. c. an increase in the maturity value of the bond. d. a greater interest rate price risk on a long-term bond than on a short-term bond. e. an increase in the market price of the bon
Answer:
d. a greater interest rate price risk on a long-term bond than on a short-term bond.
Explanation:
A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.
Generally, most bonds with shorter maturity time respond less dramatically to changes in interest rates when compared to bonds having longer maturity.
This ultimately implies that, the risk associated with short bonds isn't really significant because their interest rates are less likely to change substantially within that short period of time unlike bonds with longer maturity.
Yield to maturity can be defined as the bond's total rate of return required by the secondary market while the coupon rate is defined as the annual interest of a bond divided by its face value.
For example, when a bond is issued at a par or face value of €1,000, at maturity the investor would be paid €1,000. But because bonds are being sold before its maturity, it would trade below its face value.
All else being equal (ceteris paribus), an increase in the yield to maturity of a bond will result in a greater interest rate price risk on a long-term bond than on a short-term bond.
An interest-rate risk can be defined as the risk associated with bond owners due to fluctuating interest rates. This risk has a direct level of impact on the value of fixed income securities such as bonds.
Job 148 requires $12,000 of direct materials, $6,700 of direct labor, 550 direct labor hours, and 270 machine hours. It also requires 9 hours of inspection at $40 per hour. Manufacturing overhead is computed at $28 per direct labor hour used and $42 per machine hour used. The total amount of overhead allocated is: a. $34,100. b. $26,740. c. $45,440. d. $15,400.
Answer:
b. $26,740
Explanation:
The computation of the total amount of overhead allocated is shown below:
overhead allocated is
= (actual direct labor hour × overhead rate per direct labor hour) + (Actual machine hour × overhead rate per machine hour)
= (550 × 28) + (270 × 42]
= $15,400 + $11,340
= $26,740
hence, the total amount of overhead allocated is $26,740
Which of the following does NOT describe the front-end business practices of firms that respect the strategic roles of purchasing?
a. Product development is regarded as a front-end business practice.
b. Creativity does not require discipline.
c. Marketing in general is regarded as a front-end business practice.
d. High level of uncertainty is about the fact that people have to make important decisions and although they do not have all the relevant information they need.
e. Front-end business practices are discovery-driven in that they explore and create from what they do not know about.
Answer:
b. Creativity does not require discipline.
Explanation:
Front end business practice is the strategy to develop and progress business activities from customer perspective. It focusses on customer demand and then products are customized according to customer needs. Marketing efforts are placed to inform customers about the different features of the product.
On January 1, 2020 (the date of grant), Ayayai Corporation issues 1,900 shares of restricted stock to its executives. The fair value of these shares is $45,000, and their par value is $9,500. The stock is forfeited if the executives do not complete 3 years of employment with the company.
Prepare journal entries for January 1, 2014, and on December 31, 2014, assuming the service period is 3 years.
Answer and Explanation:
The journal entries are shown below:
On Jan 1, 2014
Unearned compensation Dr. $45,000
To paid in capital in excess of par $35,500
To common stock $9,500
(Being the unearned compensation is recorded)
On Dec 31,2014
Compensation expense Dr. $15,000 ($45,000 ÷ 3 years)
To unearned compensation $15,000
(Being one year compensation became due is recorded)
The demand function for a certain commodity is given by , where p is the price per unit and q is the number of units. a. At what price per unit will the quantity b. If the price is $1.87 per unit, demanded equal 8 units
Answer:
(a) The price per unit is $1.83 when the quantity demanded is 8 units
(b) The quantity demanded is approximately 8 units when the price per unit is $1.87
Explanation:
Given
[tex]p = 100e^{-q/2}[/tex]
[tex]p \to[/tex] price per unit
[tex]q \to[/tex] quantity demanded
Solving (a): Price per unit when quantity is 8
This means that we calculate p(8)
We have:
[tex]p(q) = 100e^{-q/2}[/tex]
So:
[tex]p(8) = 100e^{-8/2}[/tex]
[tex]p(8) = 100e^{-4}[/tex]
[tex]p(8) = 1.83[/tex]
Solving (b): Quantity demanded when price per unit is $1.87
This means that:
[tex]p(q) = 1.87[/tex] ---- find q
We have:
[tex]p(q) = 100e^{-q/2}[/tex]
So:
[tex]1.87 = 100e^{-q/2}[/tex]
Divide both sides by 100
[tex]0.0187 = e^{-q/2}[/tex]
Take natural logarithm of both sides
[tex]\ln(0.0187) = \ln(e^{-q/2})[/tex]
[tex]-3.980 = \ln(e^{-q/2})[/tex]
Rewrite as:
[tex]-3.980 = -q/2}*\ln(e)[/tex]
[tex]-3.980 = -q/2[/tex]
Multiply by -2
[tex]7.96 = q[/tex]
[tex]q = 7.96[/tex]
Approximate
[tex]q = 8[/tex]
Why do accountants not keep all the accounts at their proper balances continuously throughout the period so that adjusting entries would not have to be made before financial statements are prepared
Answer:
The transactions are recorded when they incur and then there may be some changes in those transaction later on, they all are adjusted at month end with adjusting entries.
Explanation:
It is not possible for an accountant to continuously keep updating every transaction. They all are recorded at inception and then any changes made in those transactions are adjusted at the month end. All balance are reconciled and verified. There can be events which lead to changes to the transaction after the reporting date then these events are considered as events after reporting period and they are treated differently according to guidelines specified in IAS 10.
For each of the following cases, calculate the arc price elasticity of demand, and state whether demand is elastic, inelastic, or unit elastic.
a. When the price of milk increases from $2.25 to $2.50 per gallon, the quantity demanded falls from 100 gallons to 90 gallons.
b. When the price of paperback books falls from $7.00 to $6.50, the quantity demanded rises from 100 to 150.
c. When the rent on apartments rises from $500 to $550, the quantity demanded decreases from 1,000 to 950.
Answer:
a. Arc price elasticity of demand = - 1. The demand is unit elastic.
b. Arc price elasticity of demand = - 5.40. The demand is elastic.
b. Arc price elasticity of demand = - 0.54. The demand is inelastic.
Explanation:
The formula for calculating arc price elasticity of demand is as follows:
Arc price elasticity of demand = Percentage change in quantity demanded / Percentage change in price ................ (1)
Where, based on the arc price elasticity of demand, we have:
Percentage change in quantity demanded = {(New quantity demanded - Old quantity demanded) / [(New quantity demanded + Old quantity demanded) / 2]} * 100
Percentage change in price = {(New price - Old price) / [(New price + Old price) / 2]} * 100
Therefore, we have:
a. When the price of milk increases from $2.25 to $2.50 per gallon, the quantity demanded falls from 100 gallons to 90 gallons.
Percentage change in quantity demanded = {(90 - 100) / [(90 + 100) / 2]} * 100 = -10.5263157894737%
Percentage change in price = {(2.50 - 2.25) / [(2.50 + 2.25) / 2]} * 100 = 10.5263157894737%
Substituting the values into equation (1), we have:
Arc price elasticity of demand = -10.5263157894737% / 10.5263157894737% = - 1
Since the absolute value of the arc price elasticity of demand is equal to 1, it implies that the demand is unit elastic.
b. When the price of paperback books falls from $7.00 to $6.50, the quantity demanded rises from 100 to 150.
Percentage change in quantity demanded = {(150 - 100) / [(150 + 100) / 2]} * 100 = 40%
Percentage change in price = {(6.50 - 7.00) / [(6.50 + 7.00) / 2]} * 100 = -7.40740740740741%
Substituting the values into equation (1), we have:
Arc price elasticity of demand = 40% / -7.40740740740741 = - 5.40
Since the absolute value of the arc price elasticity of demand is equal to 5.40 which is greater than 1, it implies that the demand is elastic.
c. When the rent on apartments rises from $500 to $550, the quantity demanded decreases from 1,000 to 950.
Percentage change in quantity demanded = {(950 - 1000) / [(950 + 1000) / 2]} * 100 = -5.12820512820513%
Percentage change in price = {(550 - 500) / [(550 + 500) / 2]} * 100 = 9.52380952380952%
Substituting the values into equation (1), we have:
Arc price elasticity of demand = -5.12820512820513% / 9.52380952380952% = - 0.54
Since the absolute value of the arc price elasticity of demand is equal to 0.54 which is less than 1, it implies that the demand is inelastic.
TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one unit of product. Standard Standard Standard Quantity Price Cost Direct Materials 8 pounds $ 1.80 per pound $ 14.40 Direct Labor 0.25 hour $ 8.00 per hour 2.00 $ 16.40 During November, TaskMaster purchased 160,000 pounds of direct materials at a total cost of $304,000. The total factory wages for November were $42,000, 90% of which were for direct labor. TaskMaster manufactured 19,000 units of product during November using 142,500 pounds of direct materials and 5,000 direct labor hours. What is the direct labor rate variance for November
Answer:
The direct labor rate variance for November is $34,200
Explanation:
To find out the direct labor rate variance, we have to multiply the actual standard rate of direct labor into actual hours of direct labor used
Standard hourly rate of direct labor hour = $14.40
Actual direct labor hours = 5,000
Standard direct labor cost
= 5,000 × $14.40
= $72,000
Total factory wages are $42,000 in which direct labor is 90%
= $42,000 × 90%
= $37,800
Actual direct labor cost = $37,800
Therefore,
Direct labor rate variance = Standard direct labor cost - Actual direct labor cost
Direct labor rate variance
= $72,000 - $37,800
= $34,200
