Answer:The marginal cost of fourth unit is $589
Explanation:The marginal cost of a good is defined as the cost of producing an additional one unit which increases the total cost of such good. Therefore we can say that;
Marginal cost=Total cost at 4 units - total cost at (4-1) units
=total cost of the 4 units - total cost of the three units
=3,087 -2,498
=$589
Also using the formulae;
Marginal cost = Change in cost / change in quantity
= 3,087 -2,498/4-3 =589/1= $589
The marginal cost of fourth unit is $589
Shelby Organic Foods is a fast growing firm that produces organic frozen food entrees.The firm employs 700 people and expects to hire more in the next few years.Currently,all of the firm's HR tasks are handled internally by Shelby's HR department.However,top executives at Shelby are considering the idea of outsourcing benefits administration.Which of the following questions is LEAST relevant to the decision to outsource Shelby's benefits administration tasks?
A) What is the cost difference for Shelby between handling benefits internally and externally?
B) How much time is spent by Shelby's HR department handling benefits administration tasks?
C) Which Shelby HR professional should oversee benefits administration at the shared service center?
D) How knowledgeable is Shelby's HR staff about benefits administration and federal health care laws?
Answer: C. Which Shelby HR professional should oversee benefits administration at the shared service center?
Explanation:
Of the options given in the question, the questions that are relevant to the decision to outsource Shelby's benefits administration tasks are:
1. What is the cost difference for Shelby between handling benefits internally and externally?
2. How much time is spent by Shelby's HR department handling benefits administration tasks?
3. How knowledgeable is Shelby's HR staff about benefits administration and federal health care laws?
The questions above is necessary for Shelby Organic food in order to make the decision. The option that "which Shelby HR professional should oversee benefits administration at the shared service center?" is not relevant.
Answer the following question based on the accompanying cost ratios for two products, fish (F) and chicken (C), in the countries of Singsong and Harmony. You may assume that production occurs under conditions of constant costs and that these are the only two nations in the world. Cost ratios: Singsong: 1 F = 2 C: Harmony: 1 F = 4 C. If these two nations specialize based on comparative advantage:
A) Singsong will produce both chicken and fish.
B) Harmony will produce both chicken and fish.
C) Harmony will produce chicken and Singsong will produce fish.
D) Singsong will produce chicken and Harmony will produce fish.
E) Both a. and b. above.
Answer:
The correct answer is the option C: Harmony will produce chicken and Singsong will produce fish.
Explanation:
To begin with, the term known as "Comparative Advantage" refers to the situation in where a country or an economic agent will produce more of a good and consume more of it when the fact of producing it will show that the agent has a relatively low cost of opportunity and also because that agent can produce that good at a very low cost in comparison with the other agent.
Once said that, it is understood that Harmony will produce chicken because the country can produce three of it when in comparison with Singsong who can produce only two. And both can produce one of fish so that means that Harmony will produce the good at which it is better and the other the one in that is left.
Roberta is a real estate licensee representing the buyer. The buyer asks to see homes in a specific neighborhood. Roberta refuses to show any homes in that neighborhood to the buyer and tells the buyer, Nobody from your country lives in that neighborhood. Has Roberta violated any fair housing laws?
Answer:
Yes.
Explanation:
The fair housing law act is a law prohibits discrimination in the process of renting , buying or selling a house. This discrimination may be based on race , skin , color , sex , nationality ,or any other characteristic towards a protected group,
Declining the buyer the opportunity to inspects home in a particular neighborhood because nobody form his country lives in that area is an act that violates fair housing laws as the process seems to be biased towards a group of people from a particular country.
Monty Boyd, an account manager, travels frequently on West Coast Airlines. Monty earns points for every mile he flies, and he will soon have enough points to receive a free airline ticket. West Coast Airlines is attempting to build a strong customer relationship with Monty through a ________.
Answer:
frequency marketing program
Explanation:
A frequency marketing program is a strategy that companies use to increase loyalty, maintain their customers in the long term and get them to keep buying the products or services by generating connections giving them information that is adjusted to their specific needs. According to this, the answer is that West Coast Airlines is attempting to build a strong customer relationship with Monty through a frequency marketing program because this program tries to generate a long term relationship with the customers so they keep using the service as in this case where the customer gets points by using the service that can be exhanged for rewards.
Which benefit is often associated with command economies and most likely
achieved in a mixed economy?
Answer:
The establishment of social welfare programs.
Explanation:
This is the answer for Ap3x.
The benefit of social welfare programs is often associated with command economies and most likely achieved in a mixed economy.
What is the significance of social welfare programs?A social welfare program can be referred to or considered as such program that relates to activities of the welfare for the underprivileged sections in an economy and try to bring an overall development in a developing or developed economy.
The significance of a social welfare program can be in association with a command economy most of the time. Moreover, a social welfare program, is a phenomenon which cannot be achieved unless there is a form of mixed economy in the society.
Therefore, the significance of social welfare programs has been aforementioned.
Learn more about social welfare programs here:
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When the number of units in work in process and finished goods inventories decrease, absorption costing net operating income will typically be greater than variable costing net operating income.
a. True
b. False
Answer:
b. False
Explanation:
The difference between absorption costing net operating income and variable costing net operating income lies in the fixed costs deferred in closing inventory.
If Production is greater than Sales - Increase in Finished Goods Inventory, Absorption costing net operating income will typically be greater than Variable costing net operating income.
However, If Production is less than Sales - Decrease in Finished Goods Inventory, Absorption costing net operating income will typically be less than Variable costing net operating income.
A _______ is a small group of people with complementary skills who are committed to a common purpose, performance goals, and approach for which they hold themselves mutually accountable. Multiple Choice panel team group collaborative unit quality circle
Answer: Team
Explanation:
A team is made up of a small group of people with complementary skills who are committed to a common purpose, performance goals, and approach for which they hold themselves mutually accountable.
It should be noted that each employee in an organization should be ready and willing to be part of a team in the organization in order to achieve the organizational goals.
Veronica offers to sell Rowena her luxury sedan and says that it has never been in an accident. Rowena hires Laszlo, a mechanic, to appraise the vehicle. Laszlo says that it most likely has been in an accident. In spite of this information, Rowena buys the car. Later, when it develops mechanical problems, she can
Answer:
not rescind the contract
Explanation:
According to the given situation, Veronica offers to Rowena to purchase his luxurious sedan by saying that it has been into an accident. After that Rowena hires Laszlo who is a mechanic to repair the sedan. Here Laszlo told Rowena that this sedan is mostly into an accident, after knowing these details Rowena is decided to purchase a car. After some time, Rowena faces a mechanical problem, here she can not break the contract as she already knew that car is have been into an accident mostly.
Therefore, the right answer is she cannot rescind the contract.
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1 Blossom Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $22,500 and sales taxes $1,125. 2. Oriole Company does not segregate sales and sales taxes. Its register total for April 15 is $14,310, which includes a 6% sales tax.
Prepare the entry to record the sales transactions and related taxes for Blossom Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answer and Explanation:
The Journal entry is shown below:-
a. Cash Dr, $23,625
To Sales Revenue $22,500
To Sales Tax payable $1,125
(Being cash is recorded)
Here we debited the cash as it increased the assets and we credited the sales revenue and sales tax payable as it increased the revenue and liabilities
b. Cash Dr, $14,310
To Sales Revenue $13,500
To Sales Tax payable $810 ($14,310 ÷ 106 × 6)
(Being cash is recorded)
Here we debited the cash as it increased the assets and we credited the sales revenue and sales tax payable as it increased the revenue and liabilities
Once a document conveying an interest in real property is placed in the public records it is binding on the public, whether or not they make an effort to learn of it. Based on the common law tradition, this policy is known as the:________.
a. Statute of Frauds
b. doctrine of constructive
c. notice habendum clause
d. actual notice
Answer:
b. doctrine of constructive
Explanation:
According to the doctrine of constructive, the company or the people under the provisions of the companies law should have the knowledge of memorandum of association and the article of association but there is an exception towards the indoor management
Here in the given situation, represents the doctrine of constructive scenario
Hence, the correct option is B.
The market demand curve Group of answer choices is found by vertically adding the individual demand curves. slopes upward. represents the sum of the prices that all the buyers are willing to pay for a given quantity of the good. represents the sum of the quantities demanded by all the buyers at each price of the good.
Answer:
represents the sum of the quantities demanded by all the buyers at each price of the good.
Explanation:
The market demand curve is the total of all the individual demand curves in the market as mentioned. It depicts the quantity demanded with respect to the different prices
And in this the quantity demanded and the price of a product has an inverse relationship between each other
Therefore the last option is correct
At Groovy Rags, a trendy retail store, manager Eon Forcer doesn't waste any time thinking about whether the employees on his shift get their breaks at a reasonable time. In fact, he claims he is hard pressed to determine which one has "worked hard enough" to even deserve a break. Earlier today, Eon remarked, "I've never met one that likes this job! They're only biding their time and here for the money." Eon's managerial style would be classified as _______.
Answer:
Theory X.
Explanation:
In this scenario, Groovy Rags, a trendy retail store, manager Eon Forcer doesn't waste any time thinking about whether the employees on his shift get their breaks at a reasonable time. In fact, he claims he is hard pressed to determine which one has "worked hard enough" to even deserve a break. Earlier today, Eon remarked, "I've never met one that likes this job! They're only biding their time and here for the money." Eon's managerial style would be classified as Theory X.
Douglas McGregor developed the theory x and y in the 1950s while working at the MIT Sloan school of management.
Theory X suggests that employees working in a particular organization dislike work, possess minimal ambition, and are generally not willing to take up responsibility.
Hence, with the Theory X it is very important and essential that these employees be supervised and rewarded externally with prizes and punishment should be used when they err.
Within an industry, the existing economies of scale, brand loyalties, and government regulations that impede access to the task environment create
Answer:
The barrier to entry, is the right answer.
Explanation:
The barrier to entry is the correct answer because the mentioned points like economies of scale, government rules, and brand loyalties are the tools that restrict the entry of new firms. For example, if the incumbent firm has already brand value then the new firm will not attract the consumer because consumers will prefer to buy goods from that company. Thus, if consumers will not buy the commodity then it will fail to do the business. Moreover, government regulations like licensing also restrict new firms. A firm can not enter the market without taking a license from the government.
Ethics are Multiple Choice standards of right and wrong that influence behavior. a type of norm. always synergy driven. company policies that are prominently posted on office bulletin boards. rules that result in happier employees.
Answer: standards of right and wrong that influence behavior
Explanation:
Ethics are the moral principles that help in governing the behavior of a person. Ethics help in defining concepts like virtue and vice, right and wrong, good and evil, justice and crime etc.
Ethics are standards of right and wrong that influence behavior. In every society, ethics play a vital role.
Christina, a 29-year-old woman, joined a company in Texas in 2007 and worked there for a year. She got laid off due to recession. She moved back into her parents' home in California as she did not have enough money to cover her expenses. Christina's situation is characteristic of the __________.
Answer: boomerang generation
Explanation: The term boomerang generation is a label used to describe young adults such as in the case of Christina described above who finds themselves sharing or living under the same roof with their parents after having left initially. The cause ranges from the high cost of associated with getting and apartment or other social imbalance such as job loss which is the case with Christina causing these set of individuals who seem to have attained independence and thus set out to live separately, only for them to rush back under their parent's roof.
On December 1 of Year 1, Jones, a self-employed cash basis taxpayer, took out a loan to use in her business. The loan principal is to be repaid on November 30 of Year 3. Jones prepaid the entire interest of $12,000 on December 1 of Year 1. What amount of interest was deductible on Jones' Year 2 income tax return?
Answer: $6,000
Explanation:
When expenses such as this interest expense are for 12 months or more, the deduction will need to be evenly spread over the period that they apply to. As the loan was to be repaid in 24 months, the interest payment deductions should be evenly spread over 24 months.
= 12,000/24
= $500
That means that for Year 2, the relevant deduction will be for the 12 months in it;
= 500 * 12
= $6,000
Stock A's beta is 1.7 and Stock B's beta is 0.7. Which of the following statements must be true, assuming the CAPM is correct. a. In equilibrium, the expected return on Stock A will be greater than that on B. b. Stock B would be a more desirable addition to a portfolio than A. c. When held in isolation, Stock A has more risk than Stock B. d. In equilibrium, the expected return on Stock B will be greater than that on Stock A.
Answer:
c. When held in isolation, Stock A has more risk than Stock B
Explanation:
Beta is the measurement of Company`s business risk. Therefore, a higher beta shows a higher risk and a lower beta shows lower risk.
Listed below are selected line items from the Cost of Quality Report for Watson Products for last month.
Category Amount
Rework $725
Equipment maintenance 1,154
Product testing 786
Product repair 695
What is Watson's total prevention and appraisal cost for last month?
Answer:
$1,940
Explanation:
Prevention cots are the costs incurred before the actual production in the design and implementation phase to prevent problems associated with the quality of a product . Examples are the training and the development cost.
Appraisal cost are quality control cost incurred after production but before products are dispatched to the customers , meant to ensure that the products meet up with the required standard to satisfy customers need. Example are the testing and the inspection test.
The total prevention and appraisal cost for last month for Watson are
Prevention cost -
Equipment maintenance - 1,154
Appraisal cost
Product testing - 786
Total 1,940
A deficit on the current account Group of answer choices normally causes a surplus on the capital and financial account. has no relationship to the capital and financial account. means that a nation is making international transfers. normally causes a deficit on the capital and financial account.
Answer:
normally causes a surplus on the capital and financial account.
Explanation:
A deficit can be defined as an amount by which money, falls short of its expected value.
In Financial accounting, deficit is usually as a result of revenue falling below expenses or expense exceeding revenue at a specific period of time.
For instance, if in a country liabilities exceeds assets or import exceeds export there would be a deficit in the financial account of the country.
Generally, a deficit on the current account normally causes a surplus on the capital and financial account. This is simply as a result of a country having to import more goods and services than it is exporting to other countries in trade.
In conclusion, a deficit on the current account is because the value of goods and services exported is lower than the value of goods and services being imported in a particular country.
What type of a service would a CPA perform if a loan that is collateralized by inventory requires a CPA to observe the count of the inventory and trace sampled items to the vendor invoices in order to determine the value of inventory is not misstated
Answer:
An attestation engagement.
Explanation:
An attestation engagement involves hiring a third party called a CPA to give attestation on subject matters or services like examinations, reviews, reports that are created by a client. The attestation engagement is a form of audit. The CPA is responsible for the client. It is of 3 types
1. The examination engagement
2. Review engagement
3. Agreed upon procedures engagement
Assume Bob of "Gut-Bomb Burgers" Corp. would like to increase his company's market share by one share point to a total of nine percent. The burger industry's total marketing effort is $50 million. Bob is currently spending $4 million on marketing. How much additional money would Bob have to invest in marketing to increase his company's market share by one share point?
Answer:
$750,000
Explanation:
Calculation for the additional money that Bob have to invest in marketing to increase his company's market share by one share point
Based on the information given we were told that the burger industry's total marketing effort was the amount of $50 million, this means that the share of point will be calculated as :
Share of point=Total marketing effort of $50,000,000/100
Share of point=$500,000
Second step is for us to make use of the 1.5 rule from the parity budget by multiplying it with the amount of $500,000
Hence,
Additional money=$500,000*1.5
Additional money=$750,000
Therefore the additional money that Bob have to invest in marketing to increase his company's market share by one share point will be $750,000
All of the following statements regarding Government National Mortgage Association (GNMA) pass-through securities are true EXCEPT A) investors own an undivided interest in a pool of mortgages B) GNMAs are considered to be the riskiest of the agency issues C) the minimum initial investment is $25,000 D) investors receive a monthly check representing both interest and a return of principal
Answer:
B) GNMAs are considered to be the riskiest of the agency issues
Explanation:
The Ginnie Mae or GNMA pass through securities are mortgage backed. The Great recession taught us that mortgage backed securities are not always 100% secure, but they are still considered secure investments basically because they are guaranteed by the US government. They are similar to the securities sold by the US Treasury.
Ginnie Mae basically guarantees mortgages using federal funds (from Federal Housing Administration and Department of Veterans Affairs).
"We've had to cut our overhead expenses, and we let go several of our support staff," said J. Richard Peale, Managing Partner of Lockstill and Ratcliffe LLC. "However, I am counting upon each of us to creatively deliver even better legal services to our clients, although we've each had to pick up extra work that was previously done by our support staff." J. Richard is counting upon his team to subscribe to the belief known as the ____________, the ability to achieve multiple objectives at the same time.
Answer: genius of the and"
Explanation:
We've had to cut our overhead expenses, and we let go several of our support staff," said J. Richard Peale, Managing Partner of Lockstill and Ratcliffe LLC. "However, I am counting upon each of us to creatively deliver even better legal services to our clients, although we've each had to pick up extra work that was previously done by our support staff."
J. Richard is counting upon his team to subscribe to the belief known as the genius of the and, the ability to achieve multiple objectives at the same time.
Janine buys swimwear for a chain of apparel stores. At a recent trade show, she took the opportunity to meet with a few vendors. During a meeting with the vendor that she normally purchased from each season, he proposed a weekend in the Cayman Islands to view the swimwear that European tourists were wearing. Janine knows that it would be beneficial to see what European tourists are wearing and then translate what she is seeing into her assortment for her target customers. Before continuing her discussions with the vendor, what should she do
Answer:
B. inform her divisional merchandiser manager of the proposal
Explanation:
Since in the question it is mentioned that the Janine buys from each season also she knows that this thing would become benefiical what European tourists are wearing and applying this in an assortment for the customers that are targeted
So before discussion with the vendor first she reports the divisional merchandiser manager regarding this proposal
A donor gave $75,000 to a nongovernmental, not-for-profit charity with instructions that the funds be transferred to Sam Smith, an individual who lost his home in a fire. The not-for-profit would:
Answer:
B) Record the $75,000 cash and credit a liability
Explanation:
Possible options:
A) Record the $75,000 cash and credit temporarily restricted revenue. B) Record the $75,000 cash and credit a liability C) Do either (a) or (b), depending upon the policy of the not-for-profit D) Not record the transaction.Non-for-profit charities must record all cash donations, but since the funds were donated for an specific purpose, their use is restricted. Therefore, the charity must record a liability (which has a normal credit balance).
"A client, age 74 has $314,000 in her Traditional IRA. She is required to take an $11,000 RMD for this year. She does not need the cash and wants to maintain her investment portfolio. She asks her representative if she can take the RMD in shares into her cash account at the firm This action will result in a:
Answer:
This action will result in her safe-guiding her investment portfolio in equities. For example, in a constant dollar plan, an investor keeps a constant dollar amount of the portfolio in equity securities. If the equities' market value rises, the excess is transferred to fixed-income securities.
Explanation:
The following information is available for Armstrong Company: Net income $450 Increase in plant and equip. $170 Depreciation expense 80 Payment of dividends 10 Decrease in accts. receiv. 20 Increase in long-term debt 100 Increase in inventories 15 Decrease in accounts payable 30 What is cash flow from operating activities for Armstrong Company?
Answer:
$505
Explanation:
Armstrong Company
Cash flow from operating activities
Adjustments to reconcile net income to operating cash flow.
Net income
$450
Less : Increase in plant and equipment
($170)
Add : Depreciation expenses
$80
Add : Payment of dividends
$10
Add : Decrease in accounts receivable
$20
Add : Increase in long term debt
$100
Less : Increase in Inventories
($15)
Add : Decrease in Account payable $30
Net Cash flow from operating activities
$505
A fundamental rethinking and radical redesigning of business activities to achieve dramatic improvemnts in critical measures of performance such as costs, quLITY, SERVICE, AND SPEED IS KNOWN AS
Answer:
BUSINESS PROCESS REENGINEERING, BPR
Explanation:
BPR is a management technique based on long term, whose objective is to achieve the objectives and improve processes through cost reduction, quality, service and speed improvement, which are essential for an organization to achieve a strong position in the its micro and macro environment.
Organizations use BRP to eliminate their flaws, such as loss of market to competition, interpersonal conflicts, communication noise, etc.
Which of the following is correct?a. There is consensus among economists that unions are good for the economy.b. There is consensus among economists that unions are bad for the economy.c. There is consensus among economists that, on net, unions have almost no impact on macroeconomic variables.d. There is no consensus among economists about whether unions are good or bad for the economy.
Answer:
The correct answer is the option D: There is no consensus among economists about whether unions are good or bad for the economy.
Explanation:
To begin with, the unions are the gruop of workers that join themself to an unique society in where the most important objective for them is to achieve better salaries and job conditions for their members. Moreover, the unions are the most important factor of power for the workers due to the fact that they have a strong market power because of the huge amount of individuals that they manage. So therefore that there is no consensus among economists about whether unions are good or bad for the economy because the in principle the unions should help the workers to have better job conditions and salaries but sometimes in reality the unions tend to sofocate the companies and make the production to delete and struggle.
Suppose there are 1000 firms in a market and all are identical. Firm A will hire 20 workers when the wage rate is $10, 25 workers when the wage rate is $9, and 30 workers when the wage rate is $8. The equilibrium wage rate for a number of years has been $9. If the wage rate falls to $8, we know that
Answer:
d. the quantity demanded for the market will increase to less than 30,000 workers.
Explanation:
Missing options:
a. the quantity demanded for the market will increase to 30,000 workers. b. the quantity demanded for the market will increase to more than 30,000 workers. c. the quantity demanded for the market will increase, but we can't tell which of the above answers is correct. d. the quantity demanded for the market will increase to less than 30,000 workers.maximum total demand for labor = 30 (at $8) x 1,000 firms = 30,000 workers, but since the equilibrium rate had been $9 for many years, some workers have already been hired at $9, and it is usually very difficult to lower someone's wage once they have been working. Even thought the quantity demanded will increase, it will probably not be able to reach 30,000 workers.
