Answer:
Loss on sale = $38,000
Explanation:
The computation of sale of tractor is shown below:-
Total depreciation = ($180,000 - $20,000) × (2,400 + 2,100) ÷ 10000
= $72,000
Net book value on January 1, 2021 = Tractor cost - Total depreciation
= $180,000 - $72,000
= $108,000
Loss on sale = Total depreciation - Net book value on January 1, 2021
= $70,000 - $108,000
= $38,000
Therefore for computing the sale of tractor we simply applied the above formula.
The entry to record the sale of the tractor will show the loss of $38,000.
Here, we are going to calculate the loss or gain on the sale of the tractor.
Depreciation rate per hour = (Cost - Salvage value) / Total estimated hours
Depreciation rate per hour = ($180,000 - $20,000) / 10,000
Depreciation rate per hour = $160,000 / 10,000
Depreciation rate per hour = $16
Depreciation amount = Hours * Depreciation rate per hourDepreciation in 2019 = 2,400 hours * $16 per hour
Depreciation in 2019 = $38,400
Depreciation in 2020 = 2,100 hours * $16 per hour
Depreciation in 2020 = $33,600
Accumulated depreciation = Depreciation in 2019 +
Depreciation in 2020
Accumulated depreciation = $38,400 + $33,600
Accumulated depreciation = $72,000
Carrying value = Cost - Accumulated depreciation
Carrying value = $180,000 - $72,000
Carrying value = $108,000
Gain / (loss) = Sale price - Carrying value
Gain / (loss) = $70,000 - $108,000
Loss = $38,000
Therefore, the entry to record the sale of the tractor will show the loss of $38,000.
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Beresford Inc. purchased several investments in debt securities during 2020, its first year of operations. The following information pertains to these securities. The fluctuations in their fair values are not considered permanent. Held-to-Maturity Securities: Fair Value 12/31/2020 Fair Value 12/31/2021 Amortized Cost 12/31/2020 Amortized Cost 12/31/2021 ABC Co. Bonds $ 389,000 $ 414,000 $ 381,500 $ 374,000 Trading Securities: Fair Value 12/31/2020 Fair Value 12/31/2021 Cost DEF Co. Bonds $ 59,000 $ 70,000 $ 75,400 GEH Inc. Bonds $ 61,000 $ 91,000 $ 53,000 IJK Inc. Bonds $ 58,000 $ 52,500 $ 46,900 Available-for-Sale Securities: Fair Value 12/31/2020 Fair Value 12/31/2021 Cost LMN Co. Bonds $ 153,400 $ 166,700 $ 154,000 What balance sheet amount would Beresford report for the total of its investments in bonds at 12/31/2020
Answer:
Check the explanation
Explanation:
Kindly check the attached image below to see the step by step explanation to the question above.
Berne, Inc. uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per machine hour are as follows: Indirect labor $5.00 Indirect materials 2.50 Maintenance .80 Utilities .30 Fixed overhead costs per month are: Supervision $800 Insurance 200 Property taxes 300 Depreciation 900 The company believes it will normally operate in a range of 2,000 to 4,000 machine hours per month. Prepare a flexible manufacturing overhead budget for the expected range of activity, using increments of 1,000 machine hours. (List variable costs before fixed costs.)
Answer and Explanation:
As per the data given in the question,
Flexible manufacturing overhead budget
Activity level :
Machine hours 2,000 hours 3,000 hours 4,000 hours
Variable costs :
Indirect labor $5 $10,000 $15,000 $20,000
Indirect material $2.50 $5,000 $7,500 $10,000
Maintenance $0.80 $1,600 $2,400 $3,200
Utilities $0.30 $600 $900 $1,200
Total variable cost $22,600 $25,800 $34,400
Fixed costs :
Supervision $800 $800 $800
Insurance $200 $200 $200
Property taxes $300 $300 $300
Depreciation $900 $900 $900
Total Fixed cost $2,200 $2,200 $2,200
Total Cost $24,800 $28,000 $36,600
Department G had 2,400 units 25% completed at the beginning of the period, 13,300 units were completed during the period; 2,000 units were 20% completed at the end of the period, and the following manufacturing costs debited to the departmental work in process account during the period:
Work in process, beginning of period $32,200
Costs added during period:
Direct materials (12,900 units at $9) 116,100
Direct labor 75,000
Factory overhead 25,000
All direct materials are placed in process at the beginning of production and the first-in, first-out method of inventory costing is used. What is the total cost of the units started and completed during the period (round unit cost calculations to four decimal places and round your final answer to the nearest dollar)?
a. $197,947
b. $181,306
c. $164,665
d. $98,100
Answer:
The total cost of the units started and completed during the period is $181,306. The right answer is b
Explanation:
In order to calculate the total cost of the units started and completed during the period we would have to calculate the Equivalent units as follows:
Equivalent units:
Whole units material conversion
Beginning units 2,400 0 1,800(75%)
Units started and complete 10,900 10,900 10,900
(13,300-2,400)
Total transferred 13,300 10,900 $ 12,700
Ending units 20,00 2,000 400(20%)
Equivalent units 15,300 12,900 13,100
Equivalent cost per unit:
Material conversion
Cost incurred this period $116,100 $100,000
÷ equivalent units ×12,900 ÷13,100
Cost per equivalent unit $9 $7.6336
Therefore, the total cost of the units started and completed during the period =10,900 units×($9+7.6336)
=$181,306
Stellar Plastics is analyzing a proposed project with annual depreciation of $19,500 and a tax rate of 34 percent. The company expects to sell 12,000 units, plus or minus 5 percent. The expected variable cost per unit is $3.20 plus or minus 4 percent, and the expected fixed costs are $30,000 plus of minus 2 percent. The sales price is estimated at $7.50 a unit, plus or minus 4 percent. What is the operating cash flow for a sensitivity analysis using total fixed costs of $31,000
Answer:
$20,226
Explanation:
expected sales = 11,400 - 12,000 - 12,600
expected sales price = $7.20 - $7.50 - $7.80
expected variable cost = $3.072 - $3.20 - $3.328
total fixed costs = $31,000
if you use an excel spreadsheet you can calculate all the different possible simulations and combine all the expected sales x 3 different price levels x 3 different variable costs and 1 fixed cost. Once you get all the 27 possible solutions, you just get the average.
I attached it because there is no room here.
Bentley Enterprises uses process costing to control costs in the manufacture of Dust Sensors for the mining industry. The following information pertains to operations for November. (CMA Exam adapted) Units Work in process, November 1st 16,000 Started in production during November 100,000 Work in process, November 30th 24,000 The beginning inventory was 60% complete as to materials and 20% complete as to conversion costs. The ending inventory was 90% complete as to materials and 40% complete as to conversion costs. Costs pertaining to November are as follows: Beginning inventory: direct materials, $54,560; direct labor, $20,320; manufacturing overhead, $15,240. Costs incurred during the month: direct materials, $468,000; direct labor, $182,880; manufacturing overhead, $391,160. What is the equivalent unit cost for materials assuming Bentley uses first-in, first-out (FIFO) process costing?
Answer:
Material Cost per equivalent unit =$4.87
Explanation:
First in First out (FIFO)methods separates completed units into fully worked and opening inventory
Fully worked units: These represent units of inventory that were started in a current period and completed that same period. The fully worked units are calculated in order to separate the opening inventory from the the newly introduced when accounting for completed units under the FIFO.
For Bentley , fully worked units is
Fully worked = Newly introduced - closing work in progress
= 100,000- 24,000 = 76,000 .
Opening inventory = 16,000
Item Units Equivalent Units
Opening inventory 16,000 × 40%= 9,600
Completed unit 76,000 × 100% = 480,000
Closing inventory 24,000 × 90% = 21,600
Total equivalent units 107,200
Cost per equivalent unit = Total cost/ equivalent inits
= 54560 +468,000/ 107,200 = $4.87
Material Cost per equivalent unit =$4.87
The equivalent unit cost for materials assuming Bentley uses first-in and first-out (FIFO) process costing:
For Bentley , fully worked units is
Fully worked = Newly introduced - closing work in progressFully worked= 100,000- 24,000 = 76,000 .Opening inventory = 16,000
Item Units Equivalent Units
Opening inventory 16,000 × 40%= 9,600
Completed unit 76,000 × 100% = 480,000
Closing inventory 24,000 × 90% = 21,600
Total equivalent units 107,200
Cost per equivalent unit = Total cost/ equivalent inits
Cost per equivalent unit= 54560 +468,000/ 107,200 = $4.87
The Material Cost per equivalent unit =$4.87.
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Assume that an economy is initially in long-run equilibrium. Explain the short-run effect of monetary policy that causes an increase in interest rates. As a result of higher interest rates, the A. long-run aggregate supply curve will shift left. B. aggregate demand curve will shift left. C. short-run aggregate supply curve will shift left. D. aggregate demand curve will shift right. The new equilibrium will be A. where the original aggregate demand curve intersects the original short-run aggregate supply curve. B. where the new aggregate demand curve intersects the original short-run aggregate supply curve. C. where the new aggregate demand curve intersects the original aggregate demand curve.
Answer:
As a result of higher interest rates, the
B. aggregate demand curve will shift left.The new equilibrium will be
B. where the new aggregate demand curve intersects the original short-run aggregate supply curve.Explanation:
A contractionary monetary policy will increase the interest rates, lowering investment and consumption. This will result in a leftward shift of the aggregate demand curve.
The new equilibrium (E1) will be at the point where the new aggregate demand curve (AD1) intersects the original short run aggregate supply curve (SRAS) and the long run aggregate supply curve (LRAS).
Clyde operates a sole proprietorship using the cash method. This year Clyde made the following expenditures: $480 to U.S. Bank for 12 months of interest accruing on a business loan from September 1 of this year through August 31 of next year even though only $160 of interest accrued this year. $600 for 12 months of property insurance beginning on July 1 of this year. What is the maximum amount Clyde can deduct this year?
Answer:
$760
Explanation:
Clyde
Interest is been deducted proportionately and the interest of 4 months of this year will be deductible – ($480/12) × 4 months
= $160
12-month rule also applies to insurance and t the full amount of insurance is as well deductible.
Hence:
Maximum deduction
= $160 interest + $600 insurance
= $760
Therefore the maximum amount Clyde can deduct this year is $760
Milton Friedman argues that __________.
O corporations today should adopt a broader view of their social responsibilities than they have in the past.
O corporate officials have a social responsibility that goes beyond serving the interests of their stockholders.
O strict governmental controls are necessary if society is to maximize its overall economic well-being.
O a business's only social responsibility is to maximize profits within the rules of the game.
Answer:
Milton Friedman argues that a business's only social responsibility is to maximize profits within the rules of the game.
Explanation:
Milton Friedman is known to hold an opposing view when compared to that of John Keynes about economic theory.
Whereas Milton Friedman believes that the utmost responsibility of any company is to the shareholders, the Keynesian are more consumer focused.
Milton Friedman believes strongly in free capitalism and as a result does not advocate for any company offering corporate social responsibility to the society or public.
If the government set a price ceiling of $40, there would be: Group of answer choices a shortage (or excess supply) of about 8 units a shortage (or excess supply) of about 12 units a surplus (or excess demand) of about 8 units a surplus (or excess demand) of about 12 units
Answer:
A surplus (or excess demand) of about 8 units
Explanation:
The picture attached shows the diagram necessary for the question which is part of the question. Solution is given below;
At the above ceiling at price of 40$
Quantity supplied will be 16
Quantity demanded will be 24
So when demand is more than supply than there will be a shortage in quantity by (24-16) 8 units.
When there is demand more than supply than it is an excess demand.
So surplus or excess demand by 8 units.
A company incurs $3,600,000 of overhead each year in three departments: Processing, Packaging, and Testing.
The company performs 800 processing transactions, 200,000 packaging transactions, and 2,000 tests per year in producing 400,000 drums of Oil and 600,000 drums of Sludge.
The following data are available:
Department Expected Use of Driver Cost
Processing 800 $1,500,000
Packaging 200,000 1,500,000
Testing 2,000 600,000
Production information for the two products is as follows:
Oil Sludge
Department Expected Use of Driver Expected Use of Driver
Processing 300 500
Packaging 120,000 80,000
Testing 1,600 400
The amount of overhead assigned to Sludge using ABC is
a. $1,800,000.
b. $1,657,500.
c. $1,942,500.
d. $1,380,000.
Answer:
its 1,800,000
because it the answer
On January 1, 2011, G Corp. granted stock options to key employees for the purchase of 80,000 shares of the company's common stock at $25 per share. The options are intended to compensate employees for the next two years. The options are exercisable within a four-year period beginning January 1, 2013, by the grantees still in the employ of the company. No options were terminated during 2011, but the company does have an experience of 20% forfeitures over the life of the stock options. The market price of the common stock was $31 per share at the date of the grant. G Corp. used the Binomial pricing model and estimated the fair value of each of the options at $10. What amount should G charge to compensation expense for the year ended December 31, 2011
Answer:
The amount should G charge to compensation expense for the year ended December 31, 2011 is $320,000
Explanation:
In order to calculate the amount should G charge to compensation expense for the year ended December 31, 2011 we would have to calculate the following formula:
amount should G charge to compensation expense for the year ended December 31, 2011=Total compensation/2
Note: company does have an experience of 20% forfeitures over the life of the stock options, therefore, 100%-20%=80%
Total compensation= 80,000 options × $10 × 80%
Total compensation= $640,000
amount should G charge to compensation expense for the year ended December 31, 2011=$640,000/2
amount should G charge to compensation expense for the year ended December 31, 2011=$320,000
Vaughn Manufacturing expects to purchase $180000 of materials in July and $170000 of materials in August. Three-fourths of all purchases are paid for in the month of purchase, and the other one-fourth are paid for in the month following the month of purchase. How much will August's cash disbursements for materials purchases be?
Answer:
The August's cash disbursements for materials purchases would be
$172,500.00 for Vaughn Manufacturing
Explanation:
The cash disbursements in the month of August consist of the three-fourth cost of the August purchases and the one-fourth of the July purchases since the 3/4 of the cost of materials purchased is paid in the same month as purchases and the balance of 1/4 of purchase cost in the succeeding month
Cash disbursements in August=($170,000*3/4)+($180,000*1/4)=$127500 +$45,000=$172,500.00
Explain how strong enforcement of carefully designed patent laws affects the growth rate of an economy. (5 points) Explain how tax incentives can be used to promote faster economic growth. (5 points) Explain the "infant industry argument" and its relationship to a country’s growth rate. (5 points) Explain what incentives can be used to increase the savings rate in an economy (as another way to promote faster economic growth). (5 points)
Answer:
1.In simple words, strong enforced patent laws will work as a motivation to innovation and innovation always results in better outcomes for thee economy as the output in the economy could be increased dramatically through technology advances.
2. By simply decreasing the tax rates on income from middle class households, Government can increase the demand of goods due to higher income in hand which further results in growth of economy.
3. Such argument states the new industries must be protected from foreign competitors until they are stable on their own. This is completely true as new industrious lead to better employment opportunities which further leads to economic growth.
4. For first tax rates can be decreased for more income in hand and also interest rates on savings could be increased.
Seven, Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Standard Quantity or Hours per Unit of Output Standard Price or Rate Direct materials 3.5 feet $ 8.20 per foot Direct labor 1.75 hours $ 7.00 per hour Variable manufacturing overhead 1.75 hours $ 2.60 per hour The company planned to produce 23,100 units of output during June and has reported the following actual results for the product for June: Actual output 24,000 Units Raw materials purchased/used 88,800 Feet Actual total cost of raw materials $ 706,560 Actual direct labor-hours 48,000 Hours Actual total direct labor cost $ 374,400 Actual total variable overhead cost $ 124,800 Assume all of the materials purchased was used during the month to produce the 24,000 units. The price variance for DM is:
Answer:
Material price variance $21,600 unfavorable
Explanation:
Material price variance
A material price variance occurs where materials are purchased at a price either lower or higher than the standard price. A favorable variance is recorded where the actual total cost of materials is lower that the standard cost. While an adverse variance implies the opposite
$
88, 800 feet should have cost (88, 800× $8.20) 728,160
but did cost 706,560
Material price variance 21,600 unfavorable
NorthEast Towers Company produces a single product. For the most recent year, the company's net operating income computed by the absorption costing method was $17,450, and its net operating income computed by the variable costing method was $15,259. The company's unit product cost was $45 under variable costing and $52 under absorption costing. If the ending inventory consisted of 948 units, the beginning inventory must have been:
Answer:
1,261 units
Explanation:
To determine the Units of Beginning Inventory, prepare a Reconciliation of Absorption Costing Profit to Variable Costing Profit.
Reconciliation of Absorption Costing Profit to Variable Costing Profit
Absorption Costing Net Income $17,450
Add Fixed Costs in Opening Stock (948×($52-$45)) $ 6,636
Less Fixed Costs in Closing Stock Balancing Figure ($8,827)
Variable Costing Net Income $15,259
Units of Beginning Inventory = $8,827 / ($52-$45)
= 1,261
At the beginning of 2020, Vaughn Company acquired a mine for $1,965,400. Of this amount, $115,000 was ascribed to the land value and the remaining portion to the minerals in the mine. Surveys conducted by geologists have indicated that approximately 11,010,000 units of ore appear to be in the mine. Vaughn incurred $195,500 of development costs associated with this mine prior to any extraction of minerals. It also determined that the fair value of its obligation to prepare the land for an alternative use when all of the mineral has been removed was $46,000. During 2020, 2,433,000 units of ore were extracted and 2,081,000 of these units were sold.
Compute the total amount of depletion for 2020.
Answer:
$462,270.00
Explanation:
The first task is to determine the depletion rate per unit of ore extracted from the mine.
depletion rate=total cost the mine/total units of ore extract
total cost of mine=acquisition cost-land value+development costs+removal cost
total cost of mine=$1,965,400-$115,000+$195,500+$46,000=$2,091,900.00
total units of ore extract is 11,010,000 units
depletion rate= 2,091,900.00/11,010,000=$0.19 per unit of ore
depletion amount in 2020=depletion rate*ore extracted in 2020=2,433,000*$0.19 =$462,270.00
Answer:
$408,903
Explanation:
Depletion is an estimated cost of a natural resource that is extracted. This resource is expensed as the extraction is made.
As per given data
Total Payment = $1,965,400
Land Value = $115,000
Value of Rights = $1,965,400 - $115,000 = $1,850,400
Estimated resources = 11,010,000 units
Resources extracted in the period = 2,433,000 units
Depletion expense is based on ratio of the amount of extraction in period to the total expected resource.
Depletion Expense = $1,850,400 x 2,433,000 / 11,010,000 units = $408,903
Byron Books Inc. recently reported $6 million of net income. Its EBIT was $12.6 million, and its tax rate was 40%. What was its interest expense? [Hint: Write out the headings for an income statement, and then fill in the known values. Then divide $6 million of net income by (1 - T) = 0.6 to find the pretax income. The difference between EBIT and taxable income must be interest expense. Use this same procedure to complete similar problems.] Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. Do not round intermediate calculations.
Answer:
he35
Explanation:
h
JB Instruments is analyzing a proposed project. The company expects to sell 1,600 units, ±3 percent. The expected variable cost per unit is $220 and the expected fixed costs are $438,000. Cost estimates are considered accurate within a ±2 percent range. The depreciation expense is $64,000. The sales price is estimated at $647 per unit, ±2 percent. What is the sales revenue under the worst-case scenario?
Answer:
$984,061.12
Explanation:
The computation of sales revenue under the worst-case scenario is shown below:-
Sales revenue under the worst-case scenario = Quantity sold × Price
= (1,600 - 1,600 × 3%) × ($647 - $647 × 2%)
= (1,600 - 48) × ($647 - 12.94)
= 1,552 × 634.06
= $984,061.12
Therefore for computing the sales revenue under the worst-case scenario we simply applied the above formula.
Granite Enterprises acquired a patent from Southern Research Corporation on January 1, 2021, for $3.4 million. The patent will be used for five years, even though its legal life is 20 years. Rocky Corporation has made a commitment to purchase the patent from Granite for $110,000 at the end of five years. Compute Granite's patent amortization for 2021, assuming the straight-line method is used
Answer:
$658,000
Explanation:
According to the scenario, computation of the given data are as follows:
Granite Enterprises Patent acquired = $3.4 million
Used years = 5 years
Rocky corporation purchase after 5 years = $110,000
So, we can calculate the Granite's patent amortisation by using following formula:
Granite's patent amortisation = ($3,400,000 - $110,000) ÷ 5
= $3,290,000 ÷ 5
= $658,000
Equipment that cost $875,000 and had a book value of $390,000 was sold for $450,000. Data from the comparative balance sheets are: 12/31/18 12/31/17 Equipment $5,400,000 $4,875,000 Accumulated Depreciation 1,650,000 1,425,000 Equipment purchased during 2018 was:
a. $1,400,000.
b. $825,000.
c. $525,000.
d. $915,000.
Answer:
a. $1,400,000.
Explanation:
Find the attachment
8-27 Basic Flexible Budget The budgeted prices for materials and direct labor per unit of fi nished product are $8 and $7, respectively. The production manager is delighted about the following data: Static Budget Actual Costs Variance Direct materials $59,200 $49,900 $9,300 F Direct labor 51,800 39,200 12,600 F Is the manager’s happiness justifi ed? Prepare a report that might provide a more detailed explanation of why the static budget was not achieved. Good output was 5,300 units.
Answer:
Basic Flexible Budget
Flexible Budget:
Differential Analysis
Reject Order (Alt. 1) or Accept Order (Alt. 2)
September 5
Flexible Actual Variance
Costs: 5,300 units 5,300 units 0
Direct Materials $42,400 $49,900 $7,500 U
Direct Labor $ 37,100 $39,200 $2,100 U
Total Variable costs $79,500 $89,100 $9,600 U
Explanation:
Using the good output and a flexible budget, the static budget was not achieved favorably as depicted.
A flexible budget varies the budgeted units to agree with the volume of activity. This produces a different result from the static budget, which does not vary the budgeted units according to the volume of activity.
A flexible budget is preferable as it reflects the correct performance given the activity level or volume of production or sales.
Runner Sprintz, a particular brand of shoes, has its own website, myrunnersprintz that welcomes consumers to "the Runner Sprintz Century," invites readers to post their Runner Sprintz stories, and offers a wide variety of shoes for direct purchase. The site even allows customers to individually design their own shoes and share them among their circles on the website. Which of the following best describes myrunnersprintz? A. corporate website B. blog C. Web directory D. digital catalog E. branded community website
Answer:
E. branded community website
Explanation:
-Corporate website is a website that is used to provide information about a company or brand.
-Blog is a site in which you can publish informal content in the form of articles that are called posts.
-Web directory is a list of sites published online.
-Digital catalog is an online publication that shows the products or services offered by a business.
-Branded community website is a website created by a company in which it tries to connect with the group of people that are fans of the brand and provide a space that is controlled by the company in which they can share ideas and give feedback.
According to this, the answer is that the option that best describes myrunnersprintz is branded community website.
Please help ASAP giving BRAINLIEST , Did I get this correct?
Answer:
Yes you are correct on this researched it
Answer:
YEAH:)
Explanation:
On 3/1/14 Fox Corp bought back 1,000 shares of their common stock for $15 per share. There were no shares in the treasury prior to that. On 5/23/14 they sold 200 of those shares for $17 each. On 6/19/14 they sold another 400 shares of those shares for $10 per share. Consider writing out all of your entries on scratch paper to assist you in answering questions 31 and 32. What will the remaining balance in the treasury stock account be after all of the above transactions have been recorded
Answer:
For question (31) $ 6000 (32) The net impact on retained earning is 1600 (Which is a negative
Explanation:
Question 31
No. Rate Value
Purchase of Treasury Stock 1000 15 15000
Less: Sold on 5/23/14 200 15 3000
Less: Sold on 6/19/14 400 15 6000
Net remaining value 6000
Note: to calculate the closing value of treasury stock, rate of selling stock need to be taken same as of date of purchase.
For question 31 the answer is $ 6000
Question 32
Impact on retained earning on first sale
No. Rate Value
Sale VALUE 200 17 3400
Less: Purchase of Treasury Stock 200 15 3000
Credit Retained earning 400
Impact on retained earning on second sale
No. Rate Value
Sale VALUE 400 10 4000
Less: Purchase of Treasury Stock 400 15 6000
Debit Retained earning -2000
Net Impact on retained earning 1600 (Negative i.e. Debit)
Therefore the remaining balance in the treasury stock account be after all of the above transactions have been recorded is $6000
Note: Kindly find an attached copy of the complete question to this solution
The economy is in equilibrium, TP = TE. Then, autonomous consumption rises. As a result, __________ rises, the __________ curve shifts __________, inventory levels unexpectedly __________, and business firms __________ the quantity of goods and services they produce. Group of answer choices consumption; TE; downward; fall; increase consumption; TE; upward; fall; increase consumption; TE; upward; rise; decrease investment; TE; upward; fall; increase investment; TP; leftward; fall; increase
Explanation:
The economy is in equilibrium, TP = TE. That is total production is equal to total production.
Then, autonomous consumption rises. As a result, consumption rises, the TE(total expenditure) curve shifts upwards, inventory levels unexpectedly falls, and business firms increases the quantity of goods and services they produce.
Commercial banks are funded through which of the following?
Which of the following is the most likely negative consequence of excessive change in an organization? Group of answer choices Staff being asked to do too much Staff being restricted to a single activity The operation of the organization at less than capacity The establishment of a system for prioritizing projects
Answer:
Staff being asked to do too much.
Explanation:
Excessive change in an organization is defined as a process when organizations pursue several differing, unrelated and sometimes changes that are conflicting simultaneously. It can also be, when an organization involves in introducing new changes before previous changes are being accomplished.
Additionally, when staffs or employees perceives change as being excessive, they react in various ways. Some of their reactions to excessive change includes;
• They become overwhelmed.
• Lack of motivation.
• They're stressed out.
• Frustration and anger builds among them.
• Inadequacy, uncertainty
and incompetence.
The lower level staffs and middle managers are most likely to experience, the negative consequence of excessive change in an organization because they're being asked to do too much.
You are an experienced small business owner who would like to become a franchisee of Quick Burger, a nationwide franchise of fast food restaurants. There are some Quick Burger restaurants in your area, but not so many that another franchise would be profitable. Before joining the franchise, you want to make sure that the essential terms are clear to both parties. Discuss potential issues you would need to resolve before entering into a franchise contract with Quick Burger.
Answer:
In the situation in question, there are various things that need to be settled until the license contract is signed into. The first problem is the clarification on the territorial features of the company when separate branches of the very same network run which that create friction.
The second problem is the range, vocabulary, and style of franchise marketing strategies as heavy marketing, may damage one another's franchise consumers, and may harm the company in general. The third problem is the localisation-based exchange of information with both the franchise.
Whether it be the unified business center or customers that decide. Not considering it, could hurt the new franchisor. The fourth problem seems to be the exchange with other franchises of company data or data from my current customer base to support them.
The 2016 financial statement of Willamette Valley Vineyards reported Cost of goods sold of $7,204,884. Note 3 to the financial statements reported that Inventories consisted of: 2016 2015 Winemaking and packaging materials $ 817,836 $ 690,292 Work-in-process 6,634,014 6,058,701 Finished goods 4,518,806 3,883,469 Total inventories $11,970,656 $10,632,462 The inventory turnover for 2016 was:__________
a, 0.57
b. 0.64
c. 0.59
d. 1.71
Answer:
b. 0.64
Explanation:
The computation of the inventory turnover for the year 2016 is shown below:
Inventory turnover = Cost of goods sold ÷ Average inventories
where,
Average inventories is
= ($11,970,656 + $10,632,462) ÷ 2
= $11,301,559
And the cost of goods sold is $7,204,884
So, the Inventory turnover is
= $7,204,884 ÷ $11,301,559
= 0.64 times
We simply applied the above formula
Consider two independent firms, BU1 and BU2, which transact with each other through spot market transactions in a competitive market. In a typical year, BU1 incurs total costs of $2 million in producing goods that BU2 buys. BU2 would be willing to pay up to $7.5 million for these goods, but because of the competitive market, ends up paying $5 million. What is the value captured by BU1 from these transactions?
Answer:
Value captured by BU1 = $5.5 million
Explanation:
Given:
Two firm = BU1 , BU2
BU1 cost of production = $2 million
BU2 will able to pay up-to = $7.5 million
BU2 will pay = $5 million:
Find:
Value captured by BU1 = ?
Computation:
⇒ Value captured by BU1 = BU2 will able to pay up-to - BU1 cost of production
⇒ Value captured by BU1 = $7.5 million - $2 million
⇒ Value captured by BU1 = $5.5 million
Based on the information given the value captured by BU1 from these transactions is $3 million.
The value captured by the seller (BU1)
Seller value =Value BU1 is willing to sell -Value at which he sold
Where:
Value BU1 is willing to sell=$5 million
Value at which he sold=$2 million
Let plug in the formula
Seller value=$5 million-$2 million
Seller value= $3 million
Inconclusion the value captured by BU1 from these transactions is $3 million.
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