The statement "Automobiles manufactured by this brand are the safest" is an example of the _____ component of attitude.

Answers

Answer 1

Answer:

cognitions

Explanation:

The cognitions component of attitude refers to the opinion a person has about an object. According to this, the answer is that the statement "Automobiles manufactured by this brand are the safest" is an example of the cognitions component of attitude as the sentence shows the belief the person has about that brand.


Related Questions

NEED HELP ASAP!!
Which of the following is an example of a need? (1 point)
cell phone
television
vehicle
water**

Which of the following is a job that would supply a service that meets a want? (1 point)
grocer
doctor
hair stylist**
plumber

What is the term for something that is not necessary but makes your life easier and more enjoyable? (1 point)
businesses**
economics
needs
wants

Which of the following is an example of a job surplus? (1 point)
The demand for roofers is higher than the number of people willing to do roofing.**
Roofers demand more pay for the work they are doing.
The number of roofers is higher than the roofing jobs available.
There are more roofing materials being manufactured than there are houses that need them.

Answers

Answer: #1.Water  #2.Doctor #3.Wants #4.There are more foofing materialsbeing manufactured than there are houses that need them.

Explanation:

Answer:

D.) Water
C.) Hair Stylist
D.) Want
A.) The demand for roofers is higher than the number of people willing to do roofing.

If the cost of labor decreases the isocost line will A. stay the same. B. shift inward in parallel fashion. C. rotate outward around the point where only capital is employed in production. D. shift outward in parallel fashion.

Answers

Answer:

C. rotate outward around the point where only capital is employed in production.

Explanation:

The technique used to help strategic managers choose among alternative choices by defining the task environment, developing a set of various forecasts, and using pro forma financial statements is called________.
1. Decision trees.
2. SWOT analysis.
3. Industry scenarios.
4. CAPM [Capital Asset Pricing Model].

Answers

Answer:

Corporate scenarios is the right answer

Explanation:

The correct answer is not listed in the options. Corporate scenarios is the answer to the question.

Corporate scenarios can be said to be pro forma balance sheets and income statements which do the job of forecasing what the effect of individual alternative strategy and their different programs may likely have on the division and return on investment.

Therefore none is the answer

You're evaluating the performance of your pension fund. You invested $100 initially, which grew to $106 after 4 months, and then to $107 after another 6 months.
a. What was your HPR during the first 4 months?b. What was your HPR during the next 5 months?c. What was your total HPR over the 9 months?

Answers

Answer:

a) the holding period return (HPR) for the first 4 months = ($106 - $100) / $100 = 6%

b) the holding period return (HPR) for the next 5 months = ($107 - $106) / $106 = 0.94%

c) the holding period return (HPR) for the 9 months period = ($107 - $100) / $100 = 7%

The holding period return measures the total return on an investment over a certain period of time. It does not necessarily calculate annual returns, since the holding period can be more or less than 1 year.  

Greater pricing power is most likely to result from greater:A. unused capacity.B. market concentration.C. volatility in market share.

Answers

Answer:

B. market concentration

Explanation:

The answer is that greater pricing power is most likely to result from greater market concentration because this means that there are few competitors in the market which allows to have more power to establish prices.

The other options are not right because unused capacity indicates that there is a lot of competition in the market which doesn't allow to have the power to establish prices and volatility in market share means that there is not a  firm position in the market that allows to have greater pricing power.

Morrison Corporation had the following common stock record during the current calendar year: Outstanding-January 1 2,000,000 Additional shares issued 3/31 100,000 Distributed a 10% stock dividend on 6/30 Additional shares issued 9/30 100,000 What is the number of shares to be used in computing basic EPS

Answers

Answer:

the number of shares to be used in computing basic EPS is 2,100,000.

Explanation:

Basic Earnings Per Share = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stocks

Weighted Average Number of Common Stocks Calculation :

Common Stocks Outstanding on 1 January         2,000,000

Additional Shares 9/12 × 100,000                              75,000

Additional Shares 3/12 × 100,000                              25,000

Weighted Average Number of Common Stocks 2,100,000

A division of a manufacturing company has a return on investment of 24%. The division has an opportunity to accept a project that is expected to earn a return on investment of 22%. The company’s hurdle rate is 20% which of the following statements is true?
a) A division reports the following figures: Profit margin =20% Investment turnover = 0.5. The division return on investment is
b) If a company has $2,000,000 invested in buildings, equipment, and other assets and desires to earn a return on investment of 30%, the company will need to earn a net income of $ .

Answers

Answer:

Return on Investment

The statement that is true is:

b) If a company has $2,000,000 invested in buildings, equipment, and other assets and desires to earn a return on investment of 30%, the company will need to earn a net income of $600,000 (30% of $2,000,000).

Explanation:

The company's Return on Investment is a financial performance measure that calculates the efficiency of the use of investment resources by dividing the returns generated by an investment by the cost of the investment during a period of time.  It can be used to evaluate a divisional manager's performance based on the returns generated from the investments made in the division.

Barnes and Noble sells online through its website, while also selling through physical store locations. This type of retailing is referred to as

Answers

i really think its b i could be wrong

a firm learn that the own price of elasticity of a product it manufactures a 3.5 what would be the correct

Answers

Answer: Lower the price because demand for the good is elastic.

Explanation:

The good is elastic because the elasticity is more than 1. What this means is that when the price of the good is reduced by 1%, the demand of the good will increase by 3.5%.

If the company wishes to raise revenue therefore they should reduce their prices because more people would then buy the goods and the number of more sales would lead to higher revenue.

On October 10, the stockholders' equity of Sherman Systems appears as follow:

Common stock—$10 par value, 85, 000 shares authorized, issued, and outstanding $720,000
Paid—in capital in excess of par value, common stock 216,000
Retained earnings 864,000
Total stockholders' equity $1,800,000

1. Prepare journal entries to record the following transactions for Sherman Systems.
a. Purchased 6,300 shares of its own common stock at $38 per share on October 11.
b. Sold 1,325 treasury shares on November 1 for $44 cash per share.
c. Sold all remaining treasury shares on November 25 for $33 cash per share.

2. Explain how Sherman's equity section changes after the October 11 treasury stock purchase, and prepare the revised equity section of its balance sheet at that date.

Answers

Answer:

Sherman Systems

1. Journal Entries:

a. October 11:

Debit Treasury Stock $63,000

Debit Paid-in In Excess of Par $176,400

Credit Cash Account $239,400

To record the purchase of 6,300 shares at $38 per share.

b. November 1:

Debit Cash Account $58,300

Credit Treasury Stock $13,250

Credit Paid-in In Excess of Par $45,050

To record the resale of 1,325 treasury shares for $44

2. Sherman's equity section will reduce by $239,400 after the October 11 purchase of treasury stock with a direct reduction of $63,000 in the outstanding shares value and the balance in the Paid-in In Excess of Par account:

Revised Equity section as at October 11:

Stockholders' Equity

Common stock—$10 par value,

85, 000 shares authorized

Issued                                $720,000

less Treasury Stock           -$63,000

Outstanding                                      $657,000

Paid—in capital in excess of par

value, common stock        216,000

less Treasury Stock            176,400    39,600

Retained earnings                             864,000

Total stockholders' equity           $1,560,600

Explanation:

a) Data and Calculations:

Stockholders' Equity

Common stock—$10 par value,

85, 000 shares authorized

Issued and outstanding                $720,000

Paid—in capital in excess of par

value, common stock                     216,000

Retained earnings                          864,000

Total stockholders' equity        $1,800,000

b) Sherman Systems can choose from two methods on how to record its Treasury Stock transactions.  One method is the costing method that records every transaction in the Treasury Stock and the par value method which records the differences in the par value for Treasury Stock in the Paid-in In Excess of Par account.

Miller Fruit wants to expand and needs $1.6 million to do so. Currently, the firm has 465,000 shares of stock outstanding at a market price per share of $32.50. The firm decided on a rights offering with one right granted for each share of outstanding stock. The subscription price is $28 a share. How many rights are needed to purchase one new share of stock in this offering?Miller Fruit wants to expand and needs $1.6 million to do so. Currently, the firm has 465,000 shares of stock outstanding at a market price per share of $32.50. The firm decided on a rights offering with one right granted for each share of outstanding stock. The subscription price is $28 a share. How many rights are needed to purchase one new share of stock in this offering?

Answers

Answer:

Rights needed for each new share = 8.14 rights

Explanation:

Amount needed to expand = $1.6 million

465,000 shares of stock outstanding at a market price per share of $32.50

The subscription price = $28

Number of rights issued = 1 right per share × 465,000 shares

Number of rights issued = 465,000 rights

Number of shares needed = $1,600,000 / $28

Number of shares needed = 57,142.857

Rights needed for each new share = Number of rights issued / Number of shares needed

Rights needed for each new share = 465,000 / 57,142.857

Rights needed for each new share = 8.14 rights

​Company's budgeted prices for direct​ materials, direct manufacturing​ labor, and direct marketing​ (distribution) labor per​ attaché case are $39​, $7​, and $12​, respectively. The president is pleased with the following performance​ report:

Actual Costs Static Budget Variance
Direct materials 564,000 $400,000 $36,000 F
Direct manufacturing labor 78,000 80 2,000 F
Direct marketing (distribution) labor 110,000 120,000 10,000F


Actual output was 9,100 ​attaché cases. Assume all three​ direct-cost items above are variable costs.

Requirement:
a. Is the​ president's pleasure​ justified?
b. Prepare a revised performance report that uses a flexible budget and a static budget.

Answers

Answer:

a) The president's pleasure is not justified because the budget performance was unfavorable in all the variable costs.

b) Revised Flexible Performance Report

                                                             Flexible        Actual         Variance

                                                             Budget        Costs

Direct materials                                $354,900    $564,000    $209,100 U

Direct manufacturing labor                  63,700         78,000         14,300 U

Direct marketing (distribution) labor 109,200         110,000             800 U

                                                           Flexible        Static            Variance

                                                             Budget       Budget

Direct materials                                $354,900    $400,000       $45,100 U

Direct manufacturing labor                  63,700         80,000         16,300 U

Direct marketing (distribution) labor 109,200        120,000         10,800 U

Explanation:

a) Data and Calculations:

                                                        Actual Costs  Static Budget   Variance

Direct materials                                 564,000      $400,000      $36,000 F

Direct manufacturing labor                 78,000          80,000           2,000 F

Direct marketing (distribution) labor 110,000         120,000         10,000 F

b) Budgeted Prices:

Direct materials = $39

Direct labor = $7

Direct marketing labor = $12

Actual Output = 9,100

Flexible Budget:

Direct materials = $354,900 ($39 x 9,100)

Direct labor = $63,700 ($7 x 9,100)

Direct marketing labor = $109,200 ($12 x 9,100)

The flexible budget for direct materials, labor and marketing were flexed in line with actual output.

Journalize the following sales transactions for Salem Sportswear. Explanations are not required.

Aug. 1 Salem sold $69,000 of women's sportswear on account, credit terms of 3 / 10, n / 60. Cost of goods is $38,000.
5 Salem received a $3,500 sales return on damaged goods from the customer. Cost of goods damaged is $1 ,750.
10 Salem receives payment from the customer on the amount due, less the return and discount.

Journalize the sales transactions.

Aug 1 : Salem sold $69,000 of women's sportswear on account, credit terms of 3 / 10, n / 60. Cost of goods is S38,000.
Begin by preparing the entry to journalize the sale portion of the transaction.

Answers

Answer:

Aug. 1

Trade Receivable $69,000 (debit)

Cost of Sales  $38,000 (debit)

Sales Revenue $69,000 (credit)

Inventory  $38,000 (credit)

Aug 5

Sales Revenue  $3,500 (debit)

Inventory  $1 ,750 (debit)

Trade Receivable  $3,500 (credit)

Cost of Sales  $1 ,750 (credit)

Aug 10

Cash $63,535 (debit)

Discount allowed $1,965 (credit)

Trade receivable $65,500 (credit)

Explanation:

Aug 1

Recognize the Cost of Sale and the Assets of Trade Receivables.

Aug 5

De-recognize the Cost of Sales and Assets of Trade receivables to the extent of the goods that were returned.

Aug 10

Recognize the Cash Asset received less the cash discount of 3 % and also recognize the discount allowed expense to the amount of discount allowed.

Facial Cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars and other blemishes. During 2021, the company provides services of $402,000 on account. Of this amount, $52,000 remains uncollected at the end of the year. An aging schedule as of December 31, 2021, is provided below.
Age Group Amount Estimated Percent
Receivable Uncollectible
Not yet due $ 32,000 4 %
0-30 days past due 10,200 6 %
31–60 days past due 7,200 12 %
More than 60 days past due 2,600 30 %
Total $ 52,000
Required:
1. Calculate the allowance for uncollectible accounts.
2. Record the December 31, 2021, adjustment, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $400 (debit).
3. On April 3, 2022, a customer’s account balance of $500 is written off as uncollectible. Record the write-off.
4. On July 17, 2022, the customer whose account was written off in requirement 3 unexpectedly pays $100 of the amount but does not expect to pay any additional amounts. Record the cash collection.

Answers

Answer: Please see explanation for answers

Explanation:

Age Group            Amount           Estimated Percent     Estimated  Amount

                              Receivable      Uncollectible                 Uncollectible

Not yet due             $ 32,000              4 %                          $1,280

0-30 days past due 10,200                 6 %                          $612  

31–60 days past due 7,200                 12 %                        $864

More than 60 days past due 2,600      30 %                      $780

Total                                  $ 52,000                                    $3536

Calculation

1) Estimated Amount Uncollectible = Amount Receivable x Estimated Percent      Uncollectible    =

4% x 32,000= $1,280

6% x 10,200=$612

12% x 7,200=$864

30% x2600=$780

Total = $3,536

The allowance for uncollectible accounts = $3,536

2) Journal to  Record the December 31, 2021, adjustment for a debit of $400

Estimated Amount Uncollectible =$3,536

Adjusted = $3536 + debit $400=$3,936

Date                   Account                  Debit             Credit

Dec 31, 2021,  Bad debts Expense    $3,936

Allowance for uncollectible accounts                    $3,936

3) Journal to  Record the write-off of $500

Date                   Account                              Debit             Credit

April 3, 2022,  Allowance for uncollectible

                             accounts                             $500

                         Accounts receivable                                     $500

4a)Journal to  reinstate  the account previously wrtten off  On July 17, 2022

Date                   Account                              Debit             Credit

July 17, 2022,   Accounts receivable             $100

Allowance for uncollectible  accounts                             $100

4b)Journal to record collection of cash  

Date                   Account                              Debit             Credit

July 17, 2022,   Cash                                    $100

     Accounts receivable                                                     $100

                                                                                                                   

A Journal Entry refers to simply a summary of the debits and also credits of the transaction entry to the Journal. When A Journal entries are important to the transaction because they allow us to sort our transactions into manageable data.

Age Group            Amount         Estimated Percent     Estimated  Amount

                            Receivable     Uncollectible                 Uncollectible

Not yet due             $ 32,000               4 %                          $1,280

0-30 days past due  10,200                   6 %                          $612  

31–60 days past due 7,200                  12 %                        $864

More than 60 days past due 2,600       30 %                      $780

                                                                                                             

Total                                 $ 52,000                                   $3536

The formula apply  Then we Estimated the Amount Uncollectible is =

Amount Receivable x Estimated Percent *Uncollectible   =

4% x 32,000=                 $1,280

6% x 10,200=                   $612

12% x 7,200=                   $864

30% x2600=                    $780

Then the Total is =          $3,536

The allowance for uncollectible accounts = $3,536

                                                                                                                       

Journal Entry

2) Journal to  Record the December 31, 2021, adjustment for a debit of $400

Estimated Amount Uncollectible =$3,536

Adjusted = $3536 + debit $400=$3,936

Date                   Account                  Debit             Credit

Dec 31, 2021,  Bad debts Expense    $3,936

Allowance for uncollectible accounts                    $3,936

                                                                                                         

3) Journal to  Record the write-off of $500

Date                   Account                             Debit            Credit

April 3, 2022,  Allowance for uncollectible

                            accounts                             $500

                        Accounts receivable                                     $500

4a)Journal to  reinstate  the account previously written off  On July 17, 2022

Date                   Account                              Debit             Credit

July 17, 2022,   Accounts receivable             $100

Allowance for uncollectible  accounts                            $100

                                                                                                                 

4b)Journal entry to the record collection of cash  

Date                   Account                              Debit             Credit

July 17, 2022,   Cash                                    $100

    Accounts receivable                                                     $100

Find out more information about Journal entry here:

https://brainly.com/question/8913038

Troy Engines, Ltd., manufactures a variety of engines for use in heavy equipment. The company has always produced all of the necessary parts for its engines, including all of the carburetors. An outside supplier has offered to sell one type of carburetor to Troy Engines, Ltd., for a cost of $35 per unit. To evaluate this offer, Troy Engines, Ltd., has gathered the following information relating to its own cost of producing the carburetor internally: Per Unit 15,000 Units per Year Direct materials $ 14 $ 210,000 Direct labor 10 150,000 Variable manufacturing overhead 3 45,000 Fixed manufacturing overhead, traceable 6 * 90,000 Fixed manufacturing overhead, allocated 9 135,000 Total cost $ 42 $ 630,000 *One-third supervisory salaries; two-thirds depreciation of special equipment (no resale value). Required: 1. Assuming the company has no alternative use for the facilities that are now being used to produce the carburetors, what would be the financial advantage (disadvantage) of buying 15,000 carburetors from the outside su'

Answers

Answer:

financial disadvantage = $435,000 - $525,000 = ($90,000)

Explanation:

outside vendor offer: cost per unit $35 x 15,000 = $525,000

production costs:

direct materials $14 x 15,000 = $210,000 direct labor $10 x 15,000 = $150,000 variable manufacturing overhead $3 x 15,000 = $45,000 fixed manufacturing overhead, traceable $6 x 15,000 = $90,000 ($60,000 are non-avoidable) fixed manufacturing overhead, allocated $9 x 15,000 = $135,000 (all are non-avoidable) total cost $42 x 15,000 = $630,000

avoidable production costs = $435,000

financial disadvantage = avoidable costs - cost to purchase carburetors from outside vendor = $435,000 - $525,000 = ($90,000)

1. Determine the total incremental cost of making 51,000 units of RX5. 2. Determine the total incremental cost of buying 51,000 units of RX5. 3. Should the company make or buy RX5

Answers

Answer with Explanation:

Requirement 1:

Incremental cost of making RX5:

Always remember that the direct costs are always incremental cost because these are the variable cost and will not be incurred if the decision is not taken related to making of the product RX5.

Incremental Cost of Making RX5:

Direct Material ($4 * 51,000 Units)                      $204,000

Direct Labor ($8 * 51,000 Units)                          $408,000

Variable Overheads ($9* 20% * 51,000 Units)     $91,800  

Total incremental cost of making 51000 units   $703,800

Requirement 2:

Incremental Cost of Buying RX5:

Purchase Cost ($19 per Unit * 51,000 Units) $969,000

The total incremental cost of making 51000 units is $969,000

Requirement 3:

The Cost of buying is higher than making RX5, hence the company should Make RX5.

Mullineaux Corporation has a target capital structure of 70 percent common stock, 5 percent preferred stock, and 25 percent debt. Its cost of equity is 11 percent, the cost of preferred stock is 5 percent, and the pretax cost of debt is 7 percent. The relevant tax rate is 35 percent. What is Mullineaux WACC

Answers

Answer:

Mullineaux Corporation

WACC (Weighted Average Cost of Capital):

WACC = (11% of 70%) + (5% of 5%) + (7% of 25%) (1 - 35%)

= 0.077 + 0.0025 + 0.0175(65%)

= 0.09087

= 9.1%

Explanation:

Target Capital Structure:

Common stock = 70%

Preferred stock = 5%

Debt = 25%

Total = 100%

Cost of:

Equity = 11%

Preferred stock = 5%

Debt (pretax) = 7%

Tax rate = 35%

Mullineaux's WACC is the weighted average cost of its capital sources, including equity and debt.  It means that Mullineaux Corporation has to weigh each class of capital based on their capital structure weights in order to calculate the average.  This WACC therefore represents the hurdle rate which a project must meet for Mullineaux Corporation to accept or reject the project.

Using the tables above, if an investment is made now for $17,550 that will generate a cash inflow of $5,850 a year for the next four years, what would be the net present value (rounded to the nearest dollar) of the investment, assuming an earnings rate of 10%

Answers

Answer:

$993.71

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Cash flow in year 0 = $-17,550

Cash flow each year from year 1 to 4 = $5,850

I = 10%

NPV = $993.71

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

Which one of the following statements is correct concerning the concept of materiality?

a. Materiality is determined by reference to guidelines established by the AICPA.
b. Materiality depends only on the dollar amount of an item relative to other items in the financial statements.
c. Materiality depends on the nature of an item rather than the dollar amount.
d. Materiality is a matter of professional judgement.

Answers

Answer:

D) Materiality is a matter of professional judgement

Explanation:

Donna, age 42 and a single taxpayer, has a salary of $104,500 and interest income of $20,000. What is the maximum amount Donna can contribute to a Roth IRA

Answers

Answer:

$5,800

Explanation:

Using 2020 limits:

Donna's AGI = $124,500 (interest income is taxed as ordinary income)

since Donna's is $500 higher than the income threshold for single taxpayers ($124,000), then her contribution to a Roth IRA is reduced by $200.

If Donna's AGI was less than $124,000, she could have contributed up to $6,000 (which is the maximum contribution allowed). Her contribution limit starts to reduce by $200 for every $500 or fraction in excess of the income threshold limit. The contribution limit phases out completely when the AGI is $139,000.

E.g. If Donna's AGI was $125,000, her contribution limit = $5,600

In the short run, increasing marginal costs always imply increasing average total costs. a. Trueb. False

Answers

Answer:

The answer is A. True.

Explanation:

Marginal Cost is the cost of producing one more product unit.

Marginal Cost = Average Total Cost / Average Goods Output

Therefore, in the short run, an increase in Marginal Cost implies a similar increase in Average Total Cost.

Parwin Corporation plans to sell 40,000 units during August. If the company has 16,500 units on hand at the start of the month, and plans to have 17,500 units on hand at the end of the month, how many units must be produced during the month?

Answers

Answer:

41,000 units

Explanation:

The computation of units must be produced during the month is shown below:-

Units Produced = Units at Year End - Units at beginning + Units Sold

= 17,500 units - 16,500 units + 40,000  units

= 57,500 units - 16,500  units

= 41,000 units

Therefore for computing the units produced during the month we simply applied the above formula.

The company must produce 41000 units during the month. The entire cost of direct materials and labor as well as the total cost of manufacturing overhead may be added together to get the overall cost of the product.

Below is a calculation of the number of units that must be generated during the month:-

Units Produced = Units at Year's End - Units at Start + Units Sold

40,000 units + 17,500 units less than 16,500 units.

16,500 units less than 57,500 units

= 41,000 units

Therefore, we used the aforementioned calculation to calculate the number of units generated throughout the month.

All of the direct and indirect expenses firms incur when producing a good or rendering service are referred to as production costs. Various expenditures, including labor, raw materials, consumable manufacturing supplies, and general overhead, might be included in production costs.

Various expenditures, including labor, raw materials, consumable manufacturing supplies, and general overhead, might be included in production costs.

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Prepare the journal entry to record Jevonte Company’s issuance of 35,000 shares of its common stock assuming the shares have a: $3 par value and sell for $22 cash per share. $3 stated value and sell for $22 cash per share.

Answers

Answer: Please see answer in explanation column

Explanation:

a)journal entry to record Jevonte Company’s issuance at $3 par value and $22 cash per share

Account                                            Debit                        Credit

Cash(35,000 x $22)                       $770,000

Common stock, $3 par value(35,000 x 3)                       $105, 000

Paid-in captial in excess of par value, common stock

($770,000  - $105, 000 )                                                      $665,000

b)journal entry to record Jevonte Company’s issuance at $3 stated  value and $22 cash per share

Account                                            Debit                        Credit

Cash  (35,000 x $22)                    $770,000

Common stock, $3 stated value (35,000 x 3)                 $105, 000

Paid-in captial in excess of stated value, common stock

($770,000  - $105, 000 )                                                      $665,000

A firm is currently producing 3,000 units of output daily by employing 20 units of labor at a price of $100 per unit and 40 units of capital at a price of $40 per unit. The marginal product of the last unit of labor employed is 50, and the marginal product of the last unit of capital employed is 30. In order to minimize its production costs, the firm should do which of the following?
a. Employ more labor and less capital because the marginal product of labor is greater than the marginal product of capital.
b. Employ less labor and more capital because the firm is currently spending $2,000 on labor and only $1,600 on capital.
c. Employ more labor and less capital because the firm already employs 40 units of capital and only 20 units of labor.
d. Employ less labor and more capital because the marginal product per dollar spent on labor is less than the marginal product per dollar spent on capital.
e. Employ less labor and more capital because a unit of labor costs $100 while a unit of capital costs only $40.

Answers

Answer:

e. Employ less labor and more capital because a unit of labor costs $100 while a unit of capital costs only $40.

Explanation:

By employing less labor and more capital, the firm can produce the 3,000 units of daily output at lower production costs since 40 units of capital cost $40 per unit, than it can with 20 units of labor priced $100 per unit.  Capital can, therefore, minimize the total production costs, as less labor is used.  Capital resources are often in the form of equipment and technological advancement that make work easier, faster, and more efficient with the highest quality possible.

Based on the marginal products of labor and capital, the company should d. Employ less labor and more capital because the marginal product per dollar spent on labor is less than the marginal product per dollar spent on capital.

The company should invest more in the method of production that gives it more marginal product per unit.

Marginal product per unit of labor:

= Marginal product of labor / cost of labor

= 50 / 100

= 0.5 per unit

Marginal product per unit of capital:

= 30 / 40

= 0.75 per unit

Capital has more marginal product per unit and so should be invested in more than labor.

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Which of the following is NOT one of the four levels of culture? A. Profit B. artifacts C. espoused values D. enacted values

Answers

Answer:

A. Profit

Explanation:

Culture is the shared characteristics and knowledge of a group of people that affects different aspects of their lives like language, religion, social traits, arts, and music.

Levels of culture are:

- Artefacts: these are physical manifestation of a culture like dress code, office allocation, awards, and ceremonies.

- Assumptions: are unconscious alignment with expected behaviour.

- Espoused value: these are stated values to be adhered to

- Enacted values: behaviours that are exhibited as a guide to others in a group

FIFO Perpetual Inventory

The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period ending June 30 are as follows:

Date Transaction Number
of Units Per Unit Total
Apr. 3 Inventory 48 $150 $7,200
8 Purchase 96 180 17,280
11 Sale 64 500 32,000
30 Sale 40 500 20,000
May 8 Purchase 80 200 16,000
10 Sale 48 500 24,000
19 Sale 24 500 12,000
28 Purchase 80 220 17,600
June 5 Sale 48 525 25,200
16 Sale 64 525 33,600
21 Purchase 144 240 34,560
28 Sale 72 525 37,800
Required:

1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in Exhibit 3, using the first-in, first-out method. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column.

Dunne Co.
Schedule of Cost of Goods Sold
FIFO Method
For the Three Months Ended June 30
Purchases Cost of Goods Sold Inventory
Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost
Apr. 3 $ $
Apr. 8 $ $
Apr. 11 $ $
Apr. 30
May 8
May 10
May 19
May 28
June 5
June 16
June 21
June 28
June 30 Balances $ $
2. Determine the total sales and the total cost of goods sold for the period. Journalize the entries in the sales and cost of goods sold accounts. Assume that all sales were on account.

Record sale
Record cost
3. Determine the gross profit from sales for the period.
$

4. Determine the ending inventory cost as of June 30.
$

5. Based upon the preceding data, would you expect the ending inventory using the last-in, first-out method to be higher or lower?

Answers

Answer:

Dunne Co.

Schedule of Cost of Goods Sold

FIFO Method

For the Three Months Ended June 30

                                          Purchases      Cost of Goods Sold Inventory

Date            Description    Quantity    Unit Cost       Total Cost   Sales

Apr. 3          Inventory         48                $150             $7,200

Apr. 8          Purchase         96                  180              17,280

Apr. 11         Sale                           64        500                             32,000

Apr. 30       Sale                           40        500                             20,000

May 8         Purchase         80                 200             16,000

May 10       Sale                           48        500                             24,000

May 19       Sale                           24        500                             12,000

May 28      Purchase         80                  220            17,600

June 5       Sale                          48         525                             25,200

June 16      Sale                         64         525                             33,600

June 21      Purchase      144                  240            34,560

June 28     Sale                         72         525                             37,800

June 30     Total            448   360                         $92,640 $184,600

June 30     Balances       88                 $240          $21,120      

2. Determination of total sales and cost of goods sold and Journal Entries:

Debit Accounts Receivable $184,600

Credit Sales Revenue $184,600

To record the sales of goods on account for the period.

Debit Cost of Goods Sold $92,640

Credit Inventory $92,640

To record the cost of goods sold for the period.

3. Income Statement for determining the gross profit:

Sales Revenue       $184,600

Cost of goods sold $92,640

Gross profit             $91,960

4. Determination of the ending inventory cost of June 30:

Ending Inventory units = 88

Cost per unit (FIFO) = $240

Total =                     $21,120

5. The ending inventory would be lower if the ending inventory was valued using the Last-in, First-out (LIFO) method.  The purchase price was increasing instead.  Using LIFO means that ending inventory would be valued at the cost of the purchases in earlier months because of the assumption with LIFO that goods sold are from the last purchases instead of the earlier purchases.

Explanation:

If it is determined that your procurement scenario will not be conducted using full and open competition you are prohibited from purchasing a non-domestic product.
A. True
B. False

Answers

Answer:

Correct answer:

A. True

Explanation:

When procurement of goods and services is to be made from another country, it is expected that, it should be open and done in full view showing other competitors. This is to prevent fraud, such as the marking up of the price of goods or outright false declaration of the procurement prices.

The shareholders' equity of Green Corporation includes $376,000 of $1 par common stock and $560,000 par of 7% cumulative preferred stock. The board of directors of Green declared cash dividends of $66,000 in 2021 after paying $36,000 cash dividends in each of 2020 and 2019. What is the amount of dividends common shareholders will receive in 2021

Answers

Answer:

The amount of dividends common shareholders will receive in 2021 is $20,400

Explanation:

Arrears in Preferred Stock Dividend = (560,000*7%*2 - 36,000 - 36000)

Arrears in Preferred Stock Dividend = 78,400 - 36,000 - 36,000

Arrears in Preferred Stock Dividend = $6,400

Current Preferred Stock Dividend = 560,000 * 7%

Current Preferred Stock Dividend = $39,200

The amount of dividends common shareholders = $66,000 - $39,200 - $6,400

The amount of dividends common shareholders = $20,400

If accounting profits for a firm are 20% of output, and the opportunity cost of financial capital is 8% of output, then what do the firm's economic profits equal

Answers

Answer: 12%

Explanation:

The Economic profits for a firm refers to the revenue received less all implicit and explicit costs.

The implicit costs would be all the costs associated with the inputs into the goods sold and explicit costs will be the opportunity cost.

Accounting profits already account for implicit costs so the formula for Economic profit is;

= Accounting profit - Opportunity cost

= 20% - 8%

= 12%

Based on the information given the firm's economic profits equal 12%  of output.

Economic profit:

Using this formula

Economic profit=Accounting profit - Opportunity cost

Where:

Accounting profit=20%

Opportunity cos=8%

Let plug in the formula

Economic profit= 20% - 8%

Economic profit= 12%

Inconclusion the firm's economic profits equal 12%  of output.

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Thematization is the process by which a framework for mutual communication and satisfaction is reached. Is this statement true or​ false? Group of answer choices

Answers

Answer:

True

Explanation:

Thematization refers to the process in which the choice of specific topics as a theme in a sentence. It also deals with the process in which mutual communication and the level of satisfaction are also reached so that there should be proper coordination and communication maintained. And the chances of the misunderstanding is less

Therefore the given statement is true

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