"In the long-run, monopolistically competitive firms: have excess capacity. produce at the minimum of average total cost. charge prices equal to marginal cost. both B and C are true."

Answers

Answer 1

Answer:

The correct answer is the option D: Both B and C are true.

Explanation:

To begin with, a monopolistically competitive firms is the one that produces in a market in where the other companies sell a pretty similar but different product and there are a lot of buyers so the most important way to difference themself is by the publicity or the identification of the brand in the mind of the consumers. Moreover, in this type of market in the long-run equilibrium the price if equal to the marginal cost and also to the minimun of the average total cost so therefore that it is said that there are zero economic profit


Related Questions

_____ is the tendency of managers to miss the significance of disruptive changes because they are focused on investing in and making incremental improvements to their core profitable businesses.

Answers

Answer:

The Innovator's Dilemma

Explanation:

The innovator dilemma refers to the confusion related to the decision with respect to applying new innovation, technologies, meeting the current customers needs that beneficial to the company

Here in the given situation, the dilemma with respect to the innovator would made the importance related to changes that can disturb it as they focused on investing part, incremental improvements, etc

Therefore it is an innovator's dilemma

A stock has an expected return of 8.19 percent and its reward-to-risk ratio is 6.9 percent. If the risk-free rate is 2.15 percent, what is the stock's beta

Answers

Answer:

0.87

Explanation:

The beta of the stock can be calculated by rearranging the Reward to risk ratio formula. The Reward to risk ratio is given below

DATA

Risk free rate of return = 2.15%

Reward to risk ratio  = 6.9%

Expected return = 8.19%

Beta =?

Reward to risk ratio = (expected return - risk free rate) / beta.

6.9% = ( 8.19% - 2.15%) / beta

6.9% = 6.04%/beta

beta = 6.04% / 6.9%

beta = 0.87

Mortgage insurance rates vary with the perceived riskiness of the loan.Which of the following scenarios would result in a higher mortgage insurance premium?
A) Lower loan-to-value ratio
B) Shorter loan term
C) Stronger credit record of the borrower
D) A "cash-out" refinancing loan

Answers

Answer: D) A "cash-out" refinancing loan

Explanation:

A "cash-out" refinancing loan refers to when a person replaces the mortgage that they have on a house with a newer, larger mortgage than the balance of the previous mortgage on the house.

The difference between this new mortgage and the old one can then be withdrawn in cash.

This would attract a higher mortgage insurance premium because the value of debt has now increased because as earlier mentioned, the new mortgage will be larger than the previous one so to cater for this, the insurance premiums will rise.

Innovation efforts of the firm often benefit from partnering with non-business entities such as universities and government agencies.
A. True
B. False

Answers

A. True!!! that’s the answer

As assistant to the CFO of Boulder Inc., you must estimate the Year 1 cash flow for a project with the following data:

Sales revenues $13,000
Depreciation $4,000
Other operating costs $6,000
Tax rate 35.0%

What is the Year 1 cash flow?
a. $6,962
b. $5,950
c. $7,438
d. $5,177
e. $7,378

Answers

Answer:

$5,950

Explanation:

Boulder incorporation reported the following data for year 1

Sales revenue= $13,000

Depreciation= $4,000

Other operating costs= $6,000

Tax rate= 35%

The first step is to calculate the EBIT

= sales revenue-operating costs-depreciation

= $13,000-$6,000-$4,000

= $3,000

Therefore, the cash flow for year 1 can be calculated as follows

= 3,000×35/100

= 3,000×0.35

= 1,050

= 3,000-1,050

= 1,950

Cash flow= 4,000+1,950

= $5,950

Hence the cash flow for year 1 is $5,950

Company X, which is a chemical manufacturer, uses crude oil and buys it in the spot market on a monthly schedule. A crude oil swap is quoted by the dealer at $25. Which of the following statements is correct?a. The company should sell the swap to hedgeb. In a month when the spot price of oil is above $25, the company will pay the difference to the counter partyc. In a month when the spot price is below $25, the company will pay the difference to the counter party

Answers

Answer:

c. In a month when the spot price is below $25, the company will pay the difference to the counter party

Explanation:

Since Company X uses crude oil, the company buys the swap to hedge in the swap market, so option A is not appropriate because it buys the swap, which pays the counterparty when the spot price falls below $ 25. so correct option is c. In a month when the spot price is below $25, the company will pay the difference to the counter party

Lopez Company uses both standards and budgets. For the year, estimated production of Product X is 500,000 units. Total estimated cost for materials and labor are $1,400,000 and $1,700,000.
Compute the estimates for (a) a standard cost and (b) a budgeted cost. (Round standard costs to 2 decimal places, e.g. 1.25.)

Answers

Answer:

a. Standard cost = Total estimated cost of material ÷ Estimated production

= $1,400,000 / 500,000 unit

= $2.80 per unit

Thus, the standard cost of material is $2.80, and the budgeted cost is $1,400,000.

b. Standard cost = Total estimated cost of labor / Estimated production

= $1,700,000 / 500,000

= $3.40  per unit

Thus, standard cost of labor is $3.40 and budgeted cost is $1,700,000.

On the statement of cash flows, the cash flows from operating activities section would include a. receipts from the issuance of common stock b. payments for cash dividends c. payment for interest on short-term notes payable d. payments for the purchase of investments

Answers

Answer:

c. payment for interest on short-term notes payable

Explanation:

Cash flow statement shows positive and negative cash flows that result from activities of a business. It is divided into 3 parts: cash flow from operating activities, cash flow from investing activities, cash flow from financing activities.

Cash flows form operations involves cash flows from regular business activities. A positive change in assets represents an outflow and a negative change in liability represents an inflow.

Items considered under operating activities include inventory, accounts receivable, accrued revenue, accounts payable, and tax liabilities.

Payment for interest on short-term notes payable is a account payable item, so it is included in cash flow from operations

The Soma Inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $60 a night. Operating costs are as follows:

Salaries $9,700 per month
Utilities 2,700 per month
Depredation 1,300 per month
Maintenance 700 per month
Maid service 8 per room
Other costs 34 per room

Required:
a. Determine the inn's break-even point in (1) number of rented rooms per month and (2) dollars.
b. If the Inn plans to renting an average of 50 rooms per day (assuming a 30-day month), what is (1) the monthly margin of safety dollars and (2) the margin of safety ratio?

Answers

Answer:

The Soma Inn

a. Determination of the inn's break-even point:

1. number of rented rooms per month:

= Fixed Costs/Contribution per room

= $14,400/$18

= 800 rooms

2. dollars:

= Fixed Costs/Contribution margin ratio per room

= $14,400/0.3

= $48,000

2. Renting average of 50 rooms per day,

a) Monthly margin of safety in dollars

Current Sales = 50 rooms x $60 x 30 days = $90,000

Break-even Sales = $48,000

Margin of safety = Current Sales minus Break-even Sales

= $42,000 ($90,000 - $48,000)

b) Margin of safety ratio:

= Margin of safety/Current Sales x 100

= $42,000/$90,000 x 100

= 46.67%

Explanation:

a) Data and Calculations:

Fixed costs:

Salaries       $9,700 per month

Utilities          2,700 per month

Depreciation 1,300 per month

Maintenance   700 per month

Total         $14,400 per month

Variable costs:

Maid service  8 per room

Other costs 34 per room

Total          $42 per room ($3,150 = $41 x 75 rooms)

Rent          $60 per room ($4,500 = $60 x 75 rooms)

Contribution per room = $18 ($60 - $42)

Contribution per night = $1,350 (75 x $18)

Contribution margin ratio per room = Contribution per room margin/Rent per room x 100

= $18/$60 x 100

=  0.3 or 30%

The Soma Inn's contribution margin per room is equal to the rent per room minus the variable cost per room.  Similarly, the contribution margin ratio per room is the contribution margin per room divided by the rent per room, and then multiplied by 100.

The Soma Inn's margin of safety is the difference between the rent per month and the break-even sales.  The Margin of safety ratio for the Inn is the ratio of current sales minus the breakeven sales, and then divided by current sales, multiplied by 100.

c) Once the purchases of merchandise have been computed, to compute the cost of goods sold becomes easier.  The cost of goods sold for Ahmed Company is the difference between the cost of goods available for sale and the ending inventories of merchandise.

Park Co. is considering an investment that requires immediate payment of $28,245 and provides expected cash inflows of $9,300 annually for four years. Assume Park Co. requires a 7% return on its investments.

Required:
a. What is the internal rate of return?
b. Based on its internal rate of return, should Park Co. make the investment?

Answers

Answer:

a) Internal rate of return (IRR) =    12.70 %

b) Park Co should make the return because the IRR is higher than the return on investment of 7%. This implies that undertaking the investment would increase the the wealth of the shareholders

Explanation:

The IRR is the discount rate that equates the present value of cash inflows to that of cash outflows. At the IRR, the Net Present Value (NPV) of a project is equal to zero  

If the IRR greater than the required rate of return , we accept the project for implementation  

If the IRR is less than that the required rate , we reject the project for implementation  

IRR = a% + ( NPVa/(NPVa + NPVb)× (b-a)%

NPV = PV of cash inflow - initial cost

PV of cash inflow = A× (1- (1+r)^(-n) )/r

A- cash inflow , r- rate of return, n- number of years

Step 1 :

NPVa  at 7%

NPV = (9300 ×   (1- 1.07^(-4)/0.07 )   - 28,245 = 3,256.06

Step 2:

NPVb  at 20%

NPV = (9300 ×   (1- 1.07^(-4)/0.07 )   - 28,245 = (4,169.77)

Step 3 :

IRR = a% + ( NPVa/(NPVa + NPVb)× (b-a)%

 =   7% + (3,256.06 /(3,256.06 + 4,169.77)) × (20-7)%= 12.70

IRR = 12.70%

a) Internal rate of return (IRR) =    12.70 %

b) Park Co should make the return because the IRR (12.70%) is higher than the return on investment of 7%. This implies that undertaking the investment would increase the the wealth of the shareholders

Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises.
TIGER ENTERPRISES
Income Statement
For the Year Ended December 31, 2021
($ in thousands)
Sales revenue $ 9,000
Operating expenses:
Cost of goods sold $ 3,800
Depreciation expense 280
Insurance expense 300
General and administrative expense 2,200
Total operating expenses 6,580
Income before income taxes 2,420
Income tax expense (968)
Net income $ 1,452
Balance Sheet Information ($ in thousands) Dec. 31,2021 Dec. 31, 2020
Assets:
Cash $ 380 $ 240
Accounts receivable 770 870
Inventory 700 640
Prepaid insurance 90 40
Equipment 2,500 2,000
Less: Accumulated depreciation (920) (640)
Total assets $ 3,520 $ 3,150
Liabilities and Shareholders' Equity:
Accounts payable $ 320 $ 400
Accrued liabilities (for general & administrative expense) 320 440
Income taxes payable 220 190
Notes payable (due 12/31/2022) 1,040 800
Common stock 980 840
Retained earnings 640 480
Total liabilities and shareholders' equity $ 3,520 $ 3,150
Required:
Prepare Tiger’s statement of cash flows, using the indirect method to present cash flows from operating activities. (Hint: You will have to calculate dividend payments).

Answers

Answer and Explanation:

The Preparation of Tiger’s statement of cash flows, using the indirect method is shown below:-

                                      TIGER ENTERPRISES

                                         Income Statement

                         For the Year Ended December 31, 2021

Particulars                                                                 Amount

Cash flow from operating activities

Net income                                                               $1,452

Non cash adjustment effects

Depreciation expenses                $280

Changes in operating assets and liabilities

Decrease in accounts receivable $100

Increase in inventory                     ($60)

Increase in prepaid insurance      ($50)

Decrease in accounts payable     ($80)

Decrease in accrued liabilities     ($120)

Increase in income tax payable   $30                     $100

Net cash flow from operating activities                  $1,552

Cash flow from investing activities

Equipment purchased                 ($500)

Net cash flow investing activities                           ($500)

Cash flow from financing activities

Issuance of notes payable        $240

Issuance of common stock       $140

Payment of dividends                ($1,292)

Net cash flow from financing activities                ($912)

Net increase in cash                                              $140

Jan 1 Cash                                                               $240

Dec 32 Cash                                                           $380

Working note:-

Retained earning Opening balance          $480

Add: Net income                                        $1,452

Less: Retained earning closing balance   $640

Paid dividend                                               $1,292

Compared to countries with less economic freedom, countries with more economic freedom achieve higher per person income levels, but they also have higher poverty rates.grow more rapidly, but the income levels of the poor are largely unaffected by the higher growth rates of the freer economies.achieve both higher income levels per person and lower rates of poverty.grow less rapidly and experience higher poverty rates.

Answers

Answer:

The correct answer is: Achieve higher per person income levels, but they also have higher poverty rates.

Explanation:

What happens is that in countries with greater economic freedom, there is the free market, which is an economic form of the capitalist system that allows trade to be conducted free of external forces, being guided by the law of supply and demand. This system allows greater economic interaction with internal and external economic agents whose main objective is to generate profits.

The strong industrialization resulting from the capitalist system causes the greatest economic growth in a country and can increase the levels of per capita income, but it also generates greater social inequality that directly affects the growth of poverty rates. Generally, the main indicators of economic growth, such as GDP, have some limitations to indicate the distribution of wealth because they do not consider variables that include the well-being of the population.

Gabriele Enterprises has bonds on the market making annual payments, with eleven years to maturity, a par value of $1,000, and selling for $982. At this price, the bonds yield 7.6 percent.

Required:
What must the coupon rate be on the bonds?

Answers

Answer:

The answer is 7.35 percent

Explanation:

N(Number of periods) = 11years

I/Y(Yield to maturity) = 7.6 percent

PV(present value or market price) = $982

PMT( coupon payment) = ?

FV( Future value or par value) = $1,000.

We are using a Financial calculator for this.

N= 11; I/Y = 7.6; PV = -$982; FV= $1,000; CPT PV= $73.52

Therefore, coupon rate is ($73.52/$1,000) x 100 percent

=7.35 percent

You purchased shares of stock one year ago at a price of $62.37 per share. During the year, you received dividend payments of $1.77 and sold the stock for $69.49 per share. If the inflation rate during the year was 2.07 percent, what was your real return?

Answers

Answer:

real rate of return= 10.93%

Explanation:

The return on equity is the sum of the dividends earned and capital gains made during the holding period of the investment.

Dividend is the proportion of the profit made by a company which is paid to shareholders.  

Capital gains is another type of the return made on an equity investment as a result of increase in the value of the shares. It is difference between the cost of the share and the value at the time of disposal.

Therefore, we can can compute the return on the investment as follows:

Capital gain =  $69.49- 62.37 = 6.92

Dividend -= 1.77

Nominal return on stock= (1.77 + 6.92)/ 62.37 × 100 =  13.93 %

Inflation is the increase in the price level.It erodes the value of money.rise in the price of money  

Nominal interest is that quoted for investment or loan transactions. It has not been been adjusted for inflation.  

Real interest rate is the amount of interest in terms of the the quantity of good and services that can be purchased. It is the nominal interest rate adjusted for inflation.  

The relationship between inflation, real return and nominal return rate is given using the Fishers Effect;  

N = ( (1+R) × (1+F)) - 1  

N- nominal rate, R-real rate, F- inflation  

real rate of return = (1.1393)/ (1.027)- 1 = 0.1093

real rate of return = 0.1093 × 100 = 10.93%

real rate of return= 10.93%

Suppose that short-term municipal bonds currently offer yields of 4%, while comparable taxable bonds pay 5%. Which gives you the higher after-tax yield if your combined tax bracket is:

Answers

Answer:

1.Taxable bonds

2Taxable bonds

3.They have the same after-tax yield

4.

municipal bond

Explanation:

The missing tax brackets are zero,10%,20% and 30%

Zero % tax rate:

municipal bond pays 4%

taxable bonds after tax yield=5%*(1-0)=5%

10% tax rate

municipal bond pays 4%

taxable bond after tax yield=5%*(1-10%)=4.5%

20% tax rate

municipal bond pays 4.0%

taxable bond after tax yield=5%*(1-20%)=4.0%

30% tax rate

municipal bond pays 4.0%

taxable bond after tax yield=5%*(1-30%)=3.50%

Sand Key Development Company estimates that it will generate an operating income of $7.25 million. Which financing option should Sand Key use?

Answers

Answer: debt financing option

Explanation:

Debt financing is a way by which an economic agent such as the individual, firm or the government gets enough money in order to meet a particular need.

Debt financing can be through loans from family and friends, personal loans, bank loans, credit cards etc. Since Sand Key Development Company estimates that it will generate an operating income of $7.25 million, the company can use debt financing.

Read the scenario, and answer the question. Your friend Lorenzo is trying to decide on a career path. He has narrowed down his search to two choices. Before he selects a major, he wants to know more about the two careers and the skills needed for each profession. What advice would you give Lorenzo?
a. Volunteer at a nonprofit organization.
b. Monitor the classified ads.
c. Interview someone in each of your chosen fields.

Answers

Answer: Interview someone in each of your chosen fields.

Explanation:

From the question, we are informed that Lorenzo is trying to decide on a career path and that he has narrowed down his search to two choices but that before he selects a major, he wants to know more about the two careers and the skills needed for each profession.

The best advice is for him to interview someone in each of your chosen fields. By doing this, he'll be able to understand the options available to him and have better knowledge on both career paths and hence make a better decision.

Employers cite dressing inappropriately as one of the biggest mistakes job applicants make in interviews. True or False

Answers

Answer:

True

Explanation:

If you dress inappropriately, that is not showing a good first impression. Most, if not all jobs want to have employees that can dress well, cooperate, and work well with others.

"A customer invests $50,000 in a non-qualified variable annuity. Over the years, it has grown in value to $110,000. The customer’s cost basis in the annuity contract is::"

Answers

Answer:

The customer's cost basis in the annuity contract is $50,000.

Explanation:

The customer's cost basis in the annuity contract is the initial payments or premiums made in an annuity amounting to $50,000.  This amount is usually taxed at the initial point.  This implies that the $110,000 which the annuity has accumulated to will no longer be taxed.  The customer will enjoy her lump sum and withdrawals undisturbed by the Internal Revenue Service.

A company issues 9%, 7-year bonds with a par value of $260,000 on January 1 at a price of $273,732, when the market rate of interest was 8%. The bonds pay interest semiannually. The amount of each semiannual interest payment is:

Answers

Answer:

$11,700

Explanation:

The semi annual interest = Coupon rate × nominal value × 1/2

= 9% × $260,000 × 1/2

= $11,700

We prorated the interest into two in order to account for six months.

Eiffel Corporation is a 100-percent owned French subsidiary of Tower Corporation, a U.S. corporation. During the current year, Eiffel paid a dividend of €500,000 to Tower. Assume an exchange rate of €1 = $1.50. Withholding taxes of €2,500 were imposed on the dividend. The dividend is paid out of earnings and profits that have not been subject to the deemed dividend rules under subpart F or GILTI. Compute the tax consequences to Tower as a result of this dividend.

Answers

Answer:

Eiffel Corporation

Computation of the tax consequences to Tower:

Withholding tax = €2,500 x $1.50 = $3,750.00

Domestic Corporation tax =             156,712.50

Total tax consequence =              $160,462.50

Explanation:

a) Data and Computations:

Dividend =        €500,000

Withholding tax = €2,500

Net after w/tax = €497,500

Exchange rate = €1 = $1.50

Therefore, net dividend after withholding tax = €497,500 x $1.50

= $746,250

Corporation tax rate = 21% of $746,250

= $156,712.50

Tower will suffer a withholding tax burden of $3,750 when translated into dollars and a corporation tax on income totalling $156,712.50 based on the TCJA tax rate of 21% instead of the former 35%.

Read the scenario, and answer the question.You are a manager attending a presentation about conflict resolution. You notice that the speaker seems at ease and comfortable in front of a large audience. You are to talk to the speaker and ask her what she does to be so relaxed. After the presentation, you decide Choose the best response the speaker could give in the scenario above.
a. I read from my notes and make sure the room is darkened.
b. I just go into a room and say what is on my mind.
c. I rehearse repeatedly and practice stress reduction techniques

Answers

Answer: I rehearse repeatedly and practice stress reduction techniques

Explanation:

The best response that the speaker can give will be that "rehearse repeatedly and practice stress reduction techniques".

By rehearsing repeatedly and practice stress reduction techniques, one will be at ease and comfortable in front of a large audience.

"Gettysburg Grocers’ "stock is expected to pay a year-end dividend, D1, of $2.00 per share. The dividend is expected to grow at a constant rate of 5%, and the stock has a required return of 9%. What is the expected price of the stock five years from today?

Answers

Answer:

$63.81

Explanation:

Current price is computed as follows:

= Expected dividend / (required rate of return - growth rate)

= $ 2 / (9% - 5%)

= $ 50

So, the price in 5 years will be as follows:

= Current price x (1 + growth rate)^5

= $ 50 x 1.05^5

= $50 x 1.2762

= $ 63.81

Granite Stone Creamery sold ice cream equipment for $17,600. Granite Stone originally purchased the equipment for $94,000, and depreciation through the date of sale totaled $73,000. What was the gain or loss on the sale of the equipment

Answers

Answer:loss on the sale of the equipment =$3,400

Explanation:

---We first compute the book value of the equipment

 Cost of asset=$94,000

accumulated depreciation = $73,000

Book Value of assets =  Cost of asset-accumulated depreciation

= $94,000 - $73,000= $21,000

---Gain or Loss on the asset

Sale value of equipment = $17,600

Book value of equpment= $21,000

loss on sale of equipment  = Sale value of equipment-Book value of equipment=$17,600-  $21,000= -$3,400

Identify factors that could prevent an older, established company from effecting an enterprise-wide, customer-centric culture.

Answers

Answer:

A more established company may find it difficult to implement an enterprise-wide, customer-centric culture due to the following reasons:

A) Existence of a Multi-Product Business Model

A business entity that is well established with a lot of years under its belt will find it a tough challenge to shift from a product-oriented business model to a customer-oriented business model.

To be product-focused simply means that that a company has woven its organisational structure around products. For examples, a company that is into the gaming business may have teams for their Sports Betting Section, another for their online gaming section, game hardware section, gaming apps section etc.

First, for these various teams, their performance metric will largely depend on how functionally efficient their products are.  

Second, techy or geeky staff are seldom efficient when it comes to emotional intelligence - a key requirement for being customer efficient.

One way to handle this is to ensure that there is a central Customer Relationship Management team that oversees the customers for each product.

B) Organisational Inflexibility

As direct to the point as it sounds, getting market intelligence for with the intention to use them for decision making is challenging. What is tougher is the ability to implement the insights from such intelligence to effect a turn around in the way customers perceive and respond to a company's offerings.

The ability to quickly take gather market intel, agree on a strategic direction based on same and execute can be referred to organisational agility.  

The more bureaucratic and hierarchical an organisation is (this, by the way, characterises older and more established business systems) the less agile it is likely to be.

Cheers!

   

Gabriel, Harris and Ida are members of Jeweled Watches, LLC. What are their options with respect to the management of their firm?

Answers

Answer:

They could be a Member-managed Limited Liability Company or a Manager-managed Limited Liability Company.

Explanation:

A Limited Liability Company is usually run by two or more partners. In managing this type of company, the members might choose to manage the company themselves. This is known as a member-managed Limited Liability Company. In such cases, if any member makes a decision in behalf of the business, with his signature appended to it, such a decision is considered legally binding on all other members of the company. Every member also has a say in the company's decision-making.

If they choose to be a manager-managed Limited Liability Company, they can appoint one or more non-members to manage the company for them. They do not interfere with how the manager chooses to run the company. They can still make important decisions but this is quite limited. However, they can choose to remove the manager/managers as they will.

The Restaurant Group manufactures the bags of frozen French fries used at its franchised restaurants. Last​ week, purchased and used pounds of potatoes at a price of per pound. During the​ week, 2,100 direct labor hours were incurred in the plant at a rate of $12.45 per hour. The standard price per pound of potatoes is $1.00​, and the standard direct labor rate is $12.15 per hour. Standards indicate that for the number of bags of frozen fries​ produced, the factory should have used 95,000 pounds of potatoes and 2,000 hours of direct labor.
1. Determine the direct material price and quantity variances. 2. Think of a plausible explanation for the variances found in Requirement 1.3. Determine the direct labor rate and efficiency variances. 4. Could the explanation for the labor variances be tied to the material's variances? Explain.

Answers

Answer:

Explanation:

The question was missing the actual amount of potatoes used and their actual price = 98,000 pounds at $0.85 per pound:

1. Determine the direct material price and quantity variances.

direct materials price variance = AQ x (AP - SP) = 98,000 x ($0.85 - $1) = $14,700 favorable

direct material quantity variance =  SP x (AQ - SQ) = $1 x (98,000 - 95,000) = $3,000 unfavorable

2. Think of a plausible explanation for the variances found in Requirement 1

Since the actual price of potatoes was less than the standard price, the price variance was favorable. But since the actual quantity used was more than the standard quantity, the quantity variance was unfavorable.

3. Determine the direct labor rate and efficiency variances.

direct labor rate variance = AH x (AR - SR) = 2,100 x ($12.45 - $12.15) = $630 unfavorable

direct labor efficiency variance = SR x (AH - SH) = $14.15 x (2,100 - 2,000) = $1,415 unfavorable

4. Could the explanation for the labor variances be tied to the material's variances?

Probably the labor efficiency variance since more materials had to be processed, but the labor rate variance is completely independent from the materials variances.

What is International trade also list the importance of International trade.

Answers

Answer:

International trade is buying and selling goods and services across international boundaries. International trade plays a very good role in economic activities and performance of countries around the world. International trade benefit countries in many ways: 1- increasing in production and consumption as a result of specialization, 2- greater choices for consumers due to the competition between traders to get the best choice for consumers. 3- lower prices 4- trade is great source for the flow of service and technology. International trade is the engine of growth.

Your text outlines three basic categories of electronic commerce applications: business-to-consumer (B2C), business-to-business (B2B) and consumer-to-consumer (C2C). B2C applications:_______.
A. Involve businesses developing attractive electronic marketplaces to entice customers and sell products and services to consumers.
B. Involve both electronic business marketplaces and direct market links between businesses .
C. Involve consumers buying and selling with each other in an auction process at an auction website, as well as personal advertising of products or services to buy or sell at electronic newspaper sites or personal websites.
D. None of the choices are correct.

Answers

Answer:

A. Involve businesses developing attractive electronic marketplaces to entice customers and sell products and services to consumers.

Explanation:

The Business to Consumer (B2C) sales strategy corresponds to a type of sale aimed at the final consumer. This sale takes place at retail, and occurs according to the consumer purchase decision process, which identifies their needs, judges the options according to their preferences and desires and finally chooses the option that best suits their search for a particular product or service.

Therefore, in the B2C strategy, retail companies have as main objective to create in the consumer the desire for a purchase, so the most appropriate option for this issue is that developing attractive electronic markets will help the company to attract customers and sell products and services to consumers.

Coca-Cola, a company that does business in almost every national market, can most accurately be classified as: a. a multinational company. b. a leveraged company. c. a franchisee. d. a wholly owned subsidiary.

Answers

Answer:

A. a multinational company

Other Questions
A delivery truck company just bought a new delivery truck and they need to know the maximum volume it can carry. In the front of the truck, there is an extra ledge that sticks out over the driver's cab for extra storage space. What is the maximum amount of cargo that can fit into the new truck? Sally Eason put $4,000 in her deductible IRA this year. If Sally is in the 25 percent marginal tax bracket, the government actually contributed ____ of that amount for her. Group of answer choices find the co efficient of m in the expression of ( m/2-3/2) ( m+2/3) The lesson states that it is often said that the Emancipation Proclamation freed no slaves. Despite this the EmancipationProclamation is one of the seminal documents in United States history. Do you think that the Emancipation Proclamationaccomplished Lincoln's goals? Why or why not? Piper's Pizza sold baking equipment for $25,000. The equipment was originally purchased for $72,000, and depreciation through the date of sale totaled $51,000. What was the gain or loss on the sale of the equipment? Sale amount Less: Cost of the baking equipment Book value A local trucking company fitted a regression to relate the travel time (days) of its shipments as a function of the distance traveled (miles). The fitted regression is Time = 7.126 + .0214 Distance, based on a sample of 20 shipments. The estimated standard error of the slope is 0.0053. Find the critical value for a right-tailed test to see if the slope is positive, using = .05.A local trucking company fitted a regression to relate the travel time (days) of its shipments as a function of the distance traveled (miles). The fitted regression is Time = 7.126 + .0214 Distance, based on a sample of 20 shipments. The estimated standard error of the slope is 0.0053. Find the critical value for a right-tailed test to see if the slope is positive, using = .05. Put these numbers in order from greatest to least.8-2-252.45-0.84 At the Battle of Gettysburg, General Robert E. Lee surrendered his army and supplies to General George Meade. captured control of northern territory between Philadelphia and Washington. suffered losses so heavy that he could no longer mount an effective defense. ordered Pickett's Charge as a daring escape to save his men. Please Help me with this math question simplify 4x+3y please Which of the following descries a solution that contain a buffer? A. Sodium hydroxide, a base, is added to the solution, and the pH of the solution becomes higher. B. Citric acid is added to the solution, but the pH of the solution does not change. C. Acetic acid is added to the solution, and the pH of the solution becomes lower. D. Distilled water is added to the solution, and the pH of the solution does not change. One way to punctuate a compound sentence correctly is to join the two independent clauses with a comma. a semicolon. a comma and a subordinating conjunction. a semicolon and a coordinating conjunction.Which contains an independent clause? Because the tragic fumble was scored by the visiting team in the last minute. When the player, in an extraordinary move, went charging down the field. As the uproar from the delirious fans exploded jubilantly through the stadium. While the team made their play, the frenzied crowd cheered them to victory. What information is needed to investigate and describe a region by its geographic characteristics? find the total area of the prism Select the correct answer.Which state of matter is highly compressible, is made of particles moving independently of each other, and is present in large quantities near Earths surface?A. solidB. liquidC. gasD. plasma The divine rights of kings is best described as a belief that According to the lecture video on building dynamic charts, which of the following Excel functions are used in the "Refers to:" formula in Name Manager? A) SUMIF B) COUNTIF C) OFFSET D) COUNT find the slope between (0, 6) and (-3,9) Currently Baldwin is paying a dividend of $1.10 (per share). If this dividend stayed the same, but the stock price rose by 10% what would be the dividend yield Anna hired Juan to act as her sales agent in her auto dealership. However, Anna has instructed Juan not to enter into any sales contracts before she has had a chance to review the transaction. One day, Juan entered into a sales contract with William without informing Anna first. Has Juan created a contract with William that is binding on Anna in this situation?