Assess the benefits and drawbacks of the high-speed rail project. In your opinion, do benefits outweigh drawbacks, or vice versa? Why? Justify your answer. What are the implications of starting a project based on tenuous projections that may or may not come true 10 years from now? Could you justify the California high-speed rail project from the perspective of a massive public works initiative? In other words, what other factors enter into the decision of whether to pursue a high-speed rail project? Why are they important?

Answers

Answer 1

Answer:

The benefits of a High Speed Rail in California:

It becomes a feasible alternative to air travel, because it can be either cheaper, or even faster, since passengers do not have to spend as much time on a train station as they do on an airport.If demand is high enough, state highways can become less congested, because many people who would otherwise travel by car, would take a high speed train instead.Because the trains are electric, they are likely to help reduce pollution.

The cons would be:

We cannot know for sure how many people would take the high speed trains. Demand could not be high enough to justify the cost.The line would be very costly.It could end up benefit only a small section of the population who would take the trains, or who travel often.

I believe that the benefits outweigh the drawbacks, as can be seen in most countries where high speed lines have been made between large cities. For example, in Spain, the line between Madrid and Barcelona is profitable. The same would likely happen for a line between Los Angeles and San Francisco.

What are the implications of starting a project based on tenuous projections that may or may not come true 10 years from now?

If demand projections are tenous, there is always the possiblity that the high speed line could not be profitable. However, this risk can be lowered if the line is made between highly populated cities.

Could you justify the California high-speed rail project from the perspective of a massive public works initiative?

Yes, a high speed rail would be a project that could massively impact California. The benefits of its operation could outweight the cost.

In other words, what other factors enter into the decision of whether to pursue a high-speed rail project?

As I said before, the most important factor is to construct line between highly populated cities in order to reduce the risk of not having enough demand. It has been demonstrated around the world, in Spain, in Italy, in Japan, in China, that high speed lines that connect very populated regions, can be profitable.

Answer 2

The benefits of a High Speed confine California:

It becomes a feasible alternative to air, because it may be either cheaper, or perhaps faster since passengers don't must spend the maximum amount of time on a railroad terminal as they are doing at an airport.

High Speed  Demand of California

If demand is high enough, state highways can abate congested, because many of us who would otherwise locomote car, would take a high-speed train instead.

Because the trains are electric, they're likely to assist reduce pollution.

The cons would be: We cannot know obviously what percentage of people would take the high-speed trains. Demand couldn't be high enough to justify the price.

The line would be very costly.

It could find yourself benefit only a little section of the population who would take the trains, or who travel often.

I believe that the advantages outweigh the drawbacks, as are often seen in most countries where high-speed lines are made between large cities. for instance, in Spain, the road between Madrid and Barcelona is profitable. the identical would likely happen for a line between l. a. and urban center.

If demand projections are tenuous, there's always the possibility that the high-speed line couldn't be profitable. However, this risk will be lowered if the road is formed between highly populated cities.

Yes, a high-speed rail would be a project that might massively impact California. the advantages of its operation could out weight the value.

As I said before, the foremost important factor is to construct a line between highly populated cities to cut back the danger of not having enough demand. it's been demonstrated around the world, in Spain, in Italy, in Japan, in China, that top speed lines that connect very populated regions may be profitable.

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Related Questions

​Bob, Kara, and Mark are partners in the BKM Partnership. Bob is a​ 40% partner and has a June 30 tax yearminus−end. Kara owns a​ 40% interest in the partnership and has a September 30 tax yearminus−​end, and Mark owns the remaining​ 20% interest and has an October 31 tax yearminus−end. The partnership does not have a natural business year. What is the required tax yearminus−end for the partnership​ (if no Sec. 444 election is​ made)? A. September 30 B. October 31 C. December 31 D. June 30

Answers

Answer:

D. June 30

Explanation:

Since no Sec. 444 election is​ made, the required tax yearmius-end for the partnership​ will be the tax yearminus−end of a partner with at least 40% interest.

Since Bob is a​ 40% partner and has a June 30 tax yearminus−end, therefore, the required tax yearminus−end for the partnership is June 30.

On January 1, Gemstone Company obtained a $165,000, 10-year, 7% installment note from Guarantee Bank. Thenote requires annual payments of $23,492, with the first payment occurring on the last day of the fiscal year. The firstpayment consists of interest of $11,550 and principal repayment of $11,942. The journal entry to record the issuance of the installment note for cash on January 1 would include a:_____

Answers

Answer:

Credit to notes payable for $165000

Explanation:

Journal entries for issuance of Note Payable :

Cash Account ..... Debit $165000

7% Note payable Accounts .... Credit $165000

Note:

Note payable is a liability so it is credited as on date of issuance.

The following information was drawn from the balance sheets of the Kansas and Montana companies: Kansas Montana Current assets $ 59,000 $ 78,000 Current liabilities 40,000 43,000 Required a. Compute the current ratio for each company. b. Which company has the greater likelihood of being able to pay its bills? c. Assume that both companies have the same amount of total assets. Speculate as to which company would produce the higher return-on-assets ratio.

Answers

Answer:

a) Current ratio for Kansas company is  1.475

Current ratio for Montana company is 1.814

b) Since the current ratio for the Montana company is more than that of the Kansas company which shows better liquidity, the Montana company has the greater likelihood of being able to pay its bills.

c) Kansas company would produce the higher return-on-assets ratio.

Explanation:

                                    Current Assets           Current liabilities

Kansas Company           $ 59,000                     $ 40,000

Montana Company        $ 78,000                      $ 43,000

a) To calculate the current ratio of A company

Current ratio = [tex]\frac{Current Assets}{Current Liabilities}[/tex]

Therefore current ratio for Kansas company = $ 59,000 ÷ $ 40,000 = 1.475

Current ratio for Montana company =  $ 78,000 ÷ $ 43,000 = 1.814

Zanny Moldings has the following estimated costs for the upcoming year:
Direct materials used $25,800
Direct labor costs $62,600
Salary of factory supervisor $37,600
Advertising expense $33,800
Heating and lighting costs for factory $22,000
Depreciation on factory equipment $5600
Sales commissions $8100
The company estimates that 2100 direct labor hours will be worked in the upcoming year, while 2700 machine hours will be used during the year. The predetermined manufacturing overhead rate per direct labor hour is closest to:____________
A) $72.
B) $51.
C) $29.
D) $31.

Answers

Answer:

D) $31.

Explanation:

The computation of the predetermined overhead rate is shown below:  

Predetermined overhead rate = Estimated manufacturing overhead ÷ estimated direct labor hours

where,

Estimated manufacturing overhead is

= Salary of factory supervisor + Heating and lighting costs for factory + Depreciation on factory equipment

= $37,600 + $22,000 + $5,600

= $65,200

And, the direct labor hours is 2,100

So, the predetermined overhead rate is

= $65,200 ÷ 2,100

= $31

Here are the comparative income statements of Cullumber Corporation. CULLUMBER CORPORATION Comparative Income Statement For the Years Ended December 31 2022 2021 Net sales $639,400 $578,200 Cost of goods sold 464,800 433,400 Gross Profit 174,600 144,800 Operating expenses 70,500 43,000 Net income $ 104,100 $ 101,800 (a) Prepare a horizontal analysis of the income statement data for Cullumber Corporation, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.)

Answers

Answer:

Explanation:

Horizontal analysis of financial statements  is a system of comparing each item of financial statement in a previous year to the current year with each line item analysis expressed in a horizontal pattern for clear comparison.

The change in growth is calculated by deducting the previous year's value of an item of the financial statement from the current year while the percentage growth is calculated by calculating the growth value as a percentage of the previous year value

                          2022         2021         Change     % Change

Net sales         639,400    578,200       61,200     10.6%

Cost of goods  464,800   433400        31,400      7.3%

Gross profit      174,600    144,800       29,800      20.6%

Operating exp. 70,500      43,000        27,500       70%

Net Income       104,100       101,800      2,300       2.26%

Assume the​ following: ​WIP, beginning 2 comma 500 units​ (100% complete as to direct​ materials, 50​% complete as to conversion​ costs) Started 10 comma 500 units during the period Total spoilage is 700 with normal spoilage is calculated to be 550 units Completed and transferred out during the period 6 comma 000 units ​WIP, ending 6 comma 300 units​ (100% complete as to direct​ materials, 60​% complete as to conversion​ costs) Spoiled units 700 and inspection happens when the process is 20​% complete All materials are added at the start of the process Under the weighted average​ method, would would be the equivalent units of work done for the​ period? A. 9 comma 920 B. 10 comma 190 C. 6 comma 000 D. 6 comma 300

Answers

Answer:

B. 10 comma 190

Or none of the given

Explanation:

Particulars         Units       % of Completion         Equivalent Units

                                   Materials Conversion     Materials    Conversion

Transferred       6000         100       100              6000        6000

+Ending WIP       6300         100        60               6300        3780

+Normal Spoilage 550         100        60               550           330

+Abnormal

Spoilage              150          100        60            150               90      

Total                                                                    13000          10200

As we see the total  weighted Equivalent units  for materials are 13000

and for conversion are 10200 . So the correct choice would be 10190 that is choice B which the nearest answer of the choices given to the answer calculated .

Under weighted method the Transferred out units are added to the ending work in process and the normal and abnormal spoilage is also added to find the equivalent units of production.

The other answer would be none of the given choices if exact figures are to be matched.

A pension plan is obligated to make disbursements of $1 million, $2 million, and $1 million at the end of each of the next three years, respectively. The annual interest rate is 10%. If the plan wants to fully fund and immunize its position, how much of its portfolio should it allocate to one-year zero-coupon bonds and perpetuities, respectively, if these are the only two assets funding the plan?

Answers

Answer:

Investment in Zero coupon bond=90.48%

Investment in perpetuity=9.52%

Explanation:

Check attachment

You want to invest in a project in LaLaLand. The project has an initial cost of LLL 757,000 and is expected to produce cash inflows of LLL 396,000 a year for 3 years. The project will be worthless after that. The expected inflation rate in LaLaLand is 4% while it is only 3% in the U.S. The applicable interest rate for a project like this in LaLaLand is 12%. The current spot exchange rate is LLL1 = $2.3456.

What is the Net Present Value of this project in Lalaland's currency.(i.e., in "LLL")?

Answers

Answer:

194,112.8

Explanation:

The computation of  Net Present Value is shown below:-

Net Present Value = Present value of cash inflows - Present value of Cash outflows

= -757,000 + 396,000 × PVAF (12%, 3 years)

= -757,000 + 396,000 × 2.4018

= -757,000 + 951,112.8

= LLC 194,112.8

= 194,112.8

Therefore for computing the net present value we simply applied the above formula.

I WILL MARK BRAINLIEST! 30 POINTS!

Ideas on products or services that are NOT yet in the market.

Please put more than one!





Answers

Shapewear.

Travel accessories.

Healthy and beauty products.

Smart watches.

Health Care.

Skin Care.

Hobbies and Craft.

Lamps and Shades.

Planners.

Facial products.

Smartphone accessories.

Subscription boxes.

Handcrafted wood products.

Eco-friendly feminine products.

Speciality hair products.

International tea and coffee products.

these are things that might go out this year but there not in stores yet

Managers must chart a company's strategic course by Multiple Choice ensuring excess production capacity and/or inventory. building a bigger dealer network. ensuring that marketing and promotion programs are state-of-the-art. developing a thorough understanding of the company's external and internal environments. competing fiercely for a share in the market.

Answers

Answer:

The correct answer is the fourth option: developing a thorough understanding of the company's external and internal environments.  

Explanation:

To begin with, in order to understand that a company's strategy must be guided by thorough understanding of its external and internal environments it is necessary to understand that the system proposed is formed by several factors that influence it and therefore that a manager must study carefully those factors and that system in order to guide the company to a successful work and accomplish the goals by using a strategy that compresses all the information about those factors.

Todd Mountain Development Corporation is expected to pay a dividend of $3 in the upcoming year. Dividends are expected to grow at the rate of 7% per year. The risk-free rate of return is 4%, and the expected return on the market portfolio is 19%. The stock of Todd Mountain Development Corporation has a beta of 0.60. Using the constant-growth DDM, the intrinsic value of the stock is _________. Multiple Choice

Answers

Answer:

$60

Explanation:

r = return = Risk-free rate + [beta * (Portfolio expected return - Risk-free rate)] 0.04 + [0.60 * (0.19 − 0.04)] = 0.13

Intrinsic value = Next dividend / (r - Growth rate) = 3 / (0.13 - 0.08) = $60

Therefore, the intrinsic value of the stock of Todd Mountain Development Corporation is $60.

On December 12, 2021, an investment in equity securities costing $77,000 was sold for $94,000. The total of the sale proceeds was credited to the investment in equity securities account. Required: 1. Prepare the journal entry to correct the error, assuming it is discovered before the books are adjusted or closed in 2021. (Ignore income taxes.) 2. Prepare the journal entry to correct the error assuming it is not discovered until early 2022. (Ignore income taxes.)

Answers

Answer:

1.

Dr. Investment Account $17,000

Cr. Gain on Sale             $17,000

2.

Dr. retained Earning      $17,000

Cr. Gain on Sale             $17,000

Explanation:

1.

If an assets is sold more than the book value, then there is a gain on the sales of asset.

Gain on Sale = Sales Proceeds - Book value of Investment = $94,000 - $77,000 = $17,000

As sales proceeds of $94,000 are credited in the Investment account, which needs to be credited by $77,000 only. The excessive amount of $17,000 should be recorded in the Gain on sale account.

2.

Error is not discovered until 2022 and earning for 2021 was transferred to retained earning. So, adjustment should me made in the retained earnings to eliminate the effect.

Absorption and variable costing. (CMA) Miami, Inc., planned and actually manufactured 250,000 units of its single product in 2017, its first year of operation. Variable manufacturing cost was $19 per unit produced. Variable operating (nonmanufacturing) cost was $13 per unit sold. Planned and actual fixed manufacturing costs were $750,000. Planned and actual fixed operating (nonmanufacturing) costs totaled $420,000. Miami sold 170,000 units of product at $41 per unit.

Required:

1. Miami's 2017 operating income using absorption costing is:

(a) $ 600,000
(b) $ 360,000
(c) $ 780,000
(d) $ 1,020,000
(e) None of above

2. Miami's 2017 operating income using variable costing is:(a) $ 1,100,000(b) $ 600,000(c) $ 360,000(d) $ 780,000(e) None of above

Answers

Answer:

1.(b) $ 360,000

2. (c) $ 360,000

Explanation:

Miami, Inc.

Absorption Costing

Income Statement

Sales 170,000 units * $41         $ 6970,000

Variable manufacturing cost  $19 *170,000 units = 3230,000

Actual fixed manufacturing costs $750,000

Contribution Margin  $ 2990,000

Variable operating (non manufacturing) cost  $13  *170,000 units =2210,000

Actual fixed operating (non manufacturing) costs $420,000

Operating Income                                         $ 360,000

The difference b/w variable and absorption costing is that in variable costing the variable expenses are treated as product costs and fixed expenses as period costs. But in absorption costing the manufacturing expenses variable and fixed are treated as product costs and selling and administrative expenses  both fixed and variable are treated as period costs.

Miami, Inc.

Variable Costing

Income Statement

Sales 170,000 units * $41         $ 6970,000

Variable manufacturing cost  $19 *170,000 units = 3230,000

Variable operating (non manufacturing) cost  $13  *170,000 units =2210,000

Contribution Margin  $1530,000

Actual fixed manufacturing costs $750,000

Actual fixed operating (non manufacturing) costs $420,000

Operating Income                                         $ 360,000

Cawley Company makes three models of tasers. Information on the three products is given below.Tingler Shocker Stunner Sales $296,000 $504,000 $200,000 Variable expenses 145,000 190,000 135,000 Contribution margin 151,000 314,000 65,000 Fixed expenses 114,840 225,160 92,000 Net income $36,160 $88,840 $(27,000) Fixed expenses consist of $290,000 of common costs allocated to the three products based on relative sales, as well as direct fixed expenses unique to each model of $29,000 (Tingler), $79,000 (Shocker), and $34,000 (Stunner). The common costs will be incurred regardless of how many models are produced. The direct fixed expenses would be eliminated if that model is phased out.James Watt, an executive with the company, feels the Stunner line should be discontinued to increase the company’s net income.

(a) Compute current net income for Cawley Company. Net income $ ______
(b) Compute net income by product line and in total for Cawley Company if the company discontinues the Stunner product line. (Hint: Allocate the $290,000 common costs to the two remaining product lines based on their relative sales.)
Tingler Net Income $ _______
Shocker Net Income $ _______
Total Net Income $ _______
(c) Should Cawley eliminate the Stunner product line?
Why or why not?

Net income would _____ from $ ______to $ ________.

Answers

Answer:

Cawley Company

a) Current Net Income

                                        Tingler            Shocker      Stunner     Total

Sales                            $296,000     $504,000   $200,000  $1,000,000

Variable Costs               145,000         190,000      135,000        470,000

Contribution                   151,000         314,000        65,000        530,000

Fixed Expenses              114,840         225,160        92,000       432,000

Net Income                      36,160          88,840        (27,000)       98,000

b) Net Income by product line with Stunner discontinued:

                                                Tingler       Shocker           Total

Sales                                  $296,000       $504,000        $800,000

Variable Costs                      145,000          190,000          335,000

Contribution                          151,000          314,000           465,000

Fixed Expenses                    136,300          261,700           398,000        

Net Income                             14,700          52,300             67,000

c1) Cawley should not eliminate the Stunner product line.

c2) Net income would decrease from $98,000 to $67,000 if the Stunner product line is eliminated.

Explanation:

a) The decision to be made is whether to eliminate a product line or not.  In making such decisions, the relevant costs to be considered are avoidable costs.  Allocated fixed costs are unavoidable and should not be taken into account.

b) Stunner makes a Net Income of $31,000 without the allocated common fixed expenses.  This shows that the allocated common fixed expenses is actually causing Stunner to record Net Loss.  And when Stunner is eliminated the company is not better off.

c) Allocation of Fixed Expenses based on Sales:

Tingler = 296/800 * $290,000 = $107,300 Plus direct cost of $29,000 = $136,300

Shocker = 504/800 * $290,000 = $182,700 Plus direct of of $79,000 = $261,700

Lee is considering buying one of two newlyminusissued bonds. Bond A is a twentyminus​year, ​7.5% coupon bond that is nonminuscallable. Bond B is a twentyminus​year, ​8.25% bond that is callable after two years. Both bonds are comparable in all other aspects. Lee plans on holding his bond to maturity. What should Lee do if he feels that interest rates are going to decline by​ 2% in the near future and then remain relatively stable​ thereafter?

Answers

Answer:

Bond A will be purchased

Explanation:

He will purchase Bond A, since the 20-year interest payments are fixed guaranteed and can not be named called. When he buys bond B, after 2 years the corporation will actually call the bond, as it would be easier to call the bond and issue a new bond at a lesser interest rate.

When a bond is named it means the issuer takes the bond back and charges the holder the bond's face value (what the initial purchaser paid for it)

Galla Inc. needs to determine a price for a new product. Galla desires a 25% markup on the total cost of the product. Galla expects to sell 6420 units. Additional information is as follows: Variable product cost per unit $ 23​ Variable administrative cost per unit 25​ Total fixed overhead 46,500​ Total fixed administrative 30,540​ Using the total cost method what price should Galla charge?

Answers

Answer:

The price Galla should charge is $75

Explanation:

Solution

Now

The total cost = variable product cost + variable administrative cost + fixed overhead + fixed administrative

= ($23 * 6,420) + ($25 * 6,420) + $46,500 + $30,540

= $147,660 + $160,500 + $46,500 + $30,540

= $385,200

Thus,

The total cost per unit = Total cost / units

= $385,200 / 6,420 units

= $60

Hence

The selling price should charge = Cost per unit * 1.25

= $60 * 1.25

= $75

The area manager of the Red, White, and Brew Restaurants is considering two possible expansion alternatives. The required investments, expected controllable margins, and the ROIs of each are as follows:
Project Investment Controllable Margin ROI
Phoenix $120,000 $30,000 25%
Chicago $540,000 $50,000 9.25%
The Red, White, and Brew segment has currently $2,000,000 in invested capital and a controllable margin of $250,000.
1. Which one of following projects will increase the Red, White, and Brew division’s ROI?
O Both the Phoenix and Chicago optionsO Only the Phoenix optionO Only the Chicago optionO Neither the Phoenix nor the Chicago options

Answers

Answer:

Only the Phoenix

Explanation:

According to the scenario, computation of the given data are as follow:-

ROI of Red, White And Brew Segment = Controllable Margin ÷ Total Investment × 100

$250,000 ÷ $2,000,000 × 100 = 12.5%

ROI of Phoenix = 25%

ROI of Chicago = 9.25%

So only phoenix will increase the red, white and brew division’s ROI, Because Chicago ROI is less than ROI of Red, White and Brew Segment.

Scenario 28-1 Suppose that the Bureau of Labor Statistics reports that the entire adult population of Mankiwland can be categorized as follows: 25 million people employed, 3 million people unemployed, 1 million discouraged workers, and 1 million people who are either students, homemakers, retirees, or other people not seeking employment. Refer to Scenario 28-1. What is the unemployment rate?

Answers

Answer:

10.7%

Explanation:

Solution:

Recall that:

The Reports from Bureau of labor statistics is shown as follows:

Employed people = 25 million

Unemployed people = 3 million

Discouraged workers = 1 million

Workers or Homemakers or retirees, or students = 1 million

The next step from this scenario is to find out the unemployment rate

Now,

The rate of unemployed =  (unemployed x 100 ) / labor force

= 300/28

=10.7%

Firm 1 produces output X with a cost function C_1(X)=\frac{X^2}{200}. Firm 2 produces output Y with a cost function C_2(X,Y)=\frac{Y^2}{100}-2X. Both firms face competitive markets. The competitive price of X is 6 and the competitive price of Y is \$ 5. There is no entry or exit into this market. What is the socially optimal production of X?

Answers

Answer:

800

Explanation:

The objective here is to determine the socially optimal production of X.

For this to occur ; it is crucial that both firm must merge together.

Therefore; the Profit will be = Total revenue - Total Cost

From the question; the total revenue = 6X + 5Y ;     &

The total cost is : [tex]\dfrac{X^2}{200} + \dfrac{Y^2}{100} - 2X[/tex]

Now: The profit = [tex]6X+5Y - \dfrac{X^2}{200}- \dfrac{Y^2}{100}-2X[/tex]

= [tex]8X+5Y - \dfrac{X^2}{200}- \dfrac{Y^2}{100}[/tex]

If the socially optimal production of X is the differential of the equation [tex]8X+5Y - \dfrac{X^2}{200}- \dfrac{Y^2}{100}[/tex]

(X) = [tex]8-\frac{2X}{200} =0[/tex]

= [tex]8-\frac{X}{100} =0[/tex]

= [tex]\dfrac{X}{100}=8[/tex]

= 800

Thus the social optimal production of X = 800

Which of the following is false? Economists who advocate discretionary monetary policy argue that it is more likely to achieve the desired economic results because the monetary authority has the flexibility to shape the best monetary policy to the existing circumstances. Here is an example of zero crowding out: The government spends $100 more and the private sector doesn’t spend any less. Here is an example of complete crowding out: The government spends $100 more and the private sector spends $100 less. Not all economists believe that rule-based monetary policy is preferable to discretionary monetary policy. none of the above

Answers

Answer: None of the above

Explanation:

All of the above are correct.

For option A, Economists who advocate discretionary monetary policy do indeed believe that the monetary authority using this policy is more flexible to shape the best monetary policy to the existing circumstances.

Option B is also correct because Crowding out occurs when the government increases investment by borrowing which leaves less money for the private sector to borrow so they spend less. The government spent money here yet the private sector did not spend less so it is Zero Crowing out.

Option C by option B's explanation holds true because the entire amount the Government increased by was denied the private sector.

Option D is also true as not all Economists prefer rule-based monetary policy to discretionary monetary policy.

They are all true.

Flex-Tite manufactures plastic parts. The inventory policy at Flex-Tite is to hold inventory equal to 125% of the average monthly sales for its main product. Sales for the following year are expected to be 870,000 units. Based on the inventory policy, the budget calls for the production of 880,000 units. Required: What is the beginning inventory of the component?

Answers

Answer:

Beginning inventory = 80,650

Explanation:

Lets us use the following method to solve the given problem

Average Monthly Sales = 882000/12= 72,500

Required inventory = 72,500*127%= 90650

Beginning inventory of the component = 90650-(880,000-870,000) = 80,650

Breckenridge Ski and Snow Board Rental Co. charges 67 for a one day rental. At that price they average renting 159 sets of apparatus. Their yield management consultant recommended they lower their price to 56. At that price the consultant expects their average daily rental will be 205 sets of apparatus. At those prices and demand, what elasticity of demand can be expected? (Solve to two decimal places.)

Answers

Answer:

Price elasticity of demand = 1.76

Explanation:

Price elasticity of demand (PED) is the degree of responsiveness of demand to a change in price.

Where a percentage change in price produces a more than a proportional change in quantity, we say the product is price elastic. On the other hand, where a change in price produces a less than a proportional change in quantity demand, then demand is price inelastic

PED is computed as follows:

PED = % change in quantity /% change in Price

% change in demand  =   (56- 67)/67 × 100 = 28.93081761

% change in price =16.41791045

PED = 28.93/16.4179 = 1.762

Price elasticity of demand = 1.76

Salyers Family Inn is a bed and breakfast establishment in a converted 100 year-old mansion. The Inn's guests appreciate its gourmet breakfasts and individually decorated rooms. The Inn's overhead budget for the most recent month appears below: Activity Level 57 guests Variable overhead costs Supplies $148.20 Laundry 216.60 Fixed Overhead costs Utilities 170.00 Salaries and wages 4,310.00 Depreciation 2,340.00 Total Overhead Cost $7,184.80 The Inn's variable overhead costs are driven by the number of guests. What would be the total budgeted overhead cost for a month if the activity level is 53 guests. Group of answer choices $6,680.60 $26,154.40 $7,159.20 $7,184.80

Answers

Answer:

The budgeted overhead= $7,159.2

Explanation:

The budgeted Overhead cost can be determined as follow

The budgeted overhead= Fixed cost + variable cost

Fixed overhead cost =  170.00 + 4,310.00 + 2,340.00 = 6820

Variable cost per activity  = ( 148.20 + 216.60)/57 = 6.4  per guest.

The budgeted cost equation = 6820  + 6.4 x

Where X represent the number of guest

The budgeted overhead = 6820  + (6.4 × 53)= $7,159.2

The budgeted overhead= $7,159.2

Rebel Sound Inc. produced 30,000 audio devices last month. Rebel started the month with $10,000 worth of inventory in Finished Goods. The company incurred $15,000 of various utility and rent charges on their factory, paid $50,000 for raw materials to use in production, and paid employees $60,000 in wages.

During the month, inventory costing $120,000 was completed and transferred to the Finished Goods Inventory. At the end of the month, Rebel had $5,000 of Inventory in Finished Goods, $6,000 in Materials Inventory, and $24,000 still in Work in Process.

Required:

1. What was Rebel Sound Inc Cost of Goods Manufactured for the month?

Answers

Answer:

Cost of goods manufactured is $ 101,000 for the month

Explanation:

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Cost of Goods Manufactured:

$

Work in process inventory, beginning $ -

Direct materials:

Direct Material Used $ 60,000

Direct labor $ 15,000

Factory overhead Applied $ 50,000

Total manufacturing costs $125,000

Total work in process during period $125,000

Work in process inventory, ending $ -24,000

Cost of goods manufactured $ 101,000

Balser Corporation manufactures and sells a number of products, including a product called JYMP. Results for last year for the manufacture and sale of JYMPs are as follows: Sales $ 960,000 Less expenses: Variable production costs $ 464,000 Sales commissions 144,000 Salary of product manager 100,000 Fixed product advertising 160,000 Fixed manufacturing overhead 132,000 1,000,000 Net operating loss $ (40,000 ) Balser is trying to decide whether to discontinue the manufacture and sale of JYMPs. All expenses other than fixed manufacturing overhead are avoidable if the product is dropped. None of the fixed manufacturing overhead is avoidable. Assume that dropping Product JYMP would result in a $90,000 increase in the contribution margin of other products. If Balser chooses to discontinue JYMP, the annual financial advantage (disadvantage) of eliminating this product should be:

Answers

Answer:

$2,000 disadvantage

Explanation:

The computation of the annual financial advantage or disadvantage of eliminating the product is shown below:

Sales                                            $960,000

Less Variable production costs    ($464,000)

Less Sales commission                    ($144,000)

Less salary of product manager    ($100,000)

Less fixed product advertising    ($160,000.00)

Less contribution margin from other products        ($90,000)

Income from JYMP                         2,000.00

This is the financial disadvantage for eliminating the product of $2,000 so the company should continue to manufactured the JYMP

And the fixed cost is not considered here as it is not relevant because it has fixed in nature does not have create any impact whether company should manufactured the product or not

c. Assume that neither country experiences population growth or technological progress and that 6 percent of capital depreciates each year. Assume further that country A saves 15 percent of output each year and country B saves 23 percent of output each year. Using your answer from part b and the steady-state condition that investment equals depreciation, find the steady-state level of capital per worker (k∗) , income per worker (y∗) , and consumption per worker (c∗) for each country.

Answers

Answer:

Check Explanation.

Explanation:

Note that the production function of bother country = Y=F(K,L) = K L c : k^1/2 L^1/2.

Thus Y/L = b; b = k^1/2 L^1/2/ L.

b = k^1/2.

From the question we are given that L = 6% = 0.06.

Country A saves 15% = 15/100 = 0.15 and country B saves 23% = 23/100 = 0.23.

For country A,

(a). the steady state;

∆k = 0 = y - dk.

0 = 0.15 × k^1/2 - 0.06k.

K^1/2 = 2.5, k* = 6.25

(b). y = K^1/2 = (6.25)^1/2.

y* = 2.5

(c). C = 2.5 - (0.15 × 2.5) = 2.5 - 0.375.

C* = 2.125.

Then, for COUNTRY B.

(a). ∆k = 0 = y - dk.

0 = 0.25 × k^1/2 - 0.06k.

K^1/2 = 4.167, k* = 17.36

(b). y = K^1/2 = (17.36)^1/2.

y* = 4.167.

(c). C = 4.167 - (0.25 × 4.167) = 2.5 - 0.375.

C* = 3.127.

C* = 2.125.

Using the following accounts and an overhead rate of 140% of direct labor cost, compute the amount of applied overhead. Work in Process Inventory Beginning WIP 35,100 Direct materials 57,200 Direct labor ? Factory Overhead ? To Finished Goods 213,300 Ending WIP 25,100 Finished Goods Inventory Beginning FG 5,100 Cost of Goods Mfg'd 213,300

Answers

Answer:

$85,225

Explanation:

The computation of the applied overhead is shown below:

Let us assume that the Direct labor be X

And, the factory overhead be 1.4X

As we know that

Cost of goods manufactured = Beginning work in process + direct material + direct labor + factory overhead - ending work in process

$213,300 = $35,100 + $57,200 + X + 1.4X - $25,100

$213,300 = $67,200 + 2.4X

$146,100 = 2.4X

X = $60,875

And, the factory overhead is

= $60,875 × 1.4

= $85,225

hence, the applied overhead is $85,225

Bakers' Town Bread is selling 1,500 shares of stock through a Dutch auction. The bids received are as follows: 200 shares at $17 a share, 400 shares at $15, 700 shares at $14, 400 shares at $13, and 200 shares at $11 a share. How much cash will the company receive from selling these shares of stock?

Answers

Answer:

$19,500

Explanation:

A Dutch auction is one of many common Auction types to buy or sell goods. Most generally, it means an auction where the auctioneer starts with a high selling price and decreases it until some buyer accepts the offer or arrives at a fixed reserve price.

Therefore in the given case, the cash received by the company from selling the shares of stock is

= 1,500 shares × $13

= $19,500

The $13 represent the highest bid price

The requirement that certain professionals possess a license in order to work in a particular market has the effect of reducing the supply of those services, which in turn causes _________.
O price and the profits of firms in the market to increase.
O price to decrease and the profits of firms in the market to increase.
O price to increase and the profits of firms in the market to decrease.
O price and the profits of firms in the market to decrease.

Answers

Answer:

C

Explanation:

The correct option is  C :price to increase and the profits of firms in the market to decrease

This can be explained by the fact that, since it always been mandatory to possess a license in order to work in a particular market. This certainly  reduces the competition in the market and thus, the prices would increase; therefore, as the firms have to pay for licence thus would reduce the profits of firm.

Which of the following statement is true? a. ​The demand for puma shoes is more elastic than the demand for shoes b. ​The demand for Cheerios is less elastic than the demand for cereal c. ​Products with many complements have a more elastic demand d. ​The demand for gas is more elastic in the short-run than in the long-r

Answers

Answer:

a. ​The demand for puma shoes is more elastic than the demand for shoes.

Explanation:

Price elasticity of demand refers to the degree of change in the desire to buy something when there arises a change in the price of the commodity. With the increase in the price of the commodity, the desire to buy the commodity decreases. The first statement is true among the given four statements. The demand for puma shoes is subjected to the price of it. While the demand for normal shoes can be kept under the basic requirement which is not elastic.

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