true or false: a supply curve describes how much a producer of services are willing to sell at different prices

Answers

Answer 1

Answer:

True

Explanation:

The supply curve is a graph showing the quantities of a good or service a supplier is willing and able to supply at differnt prices.

According to the law of supply. the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

the supply curve is upward sloping

True Or False: A Supply Curve Describes How Much A Producer Of Services Are Willing To Sell At Different

Related Questions

People decide to save 20 percent of their incomes. The value of the marginal propensity to consume is ________ and the value of the spending multiplier is ________.

Answers

Answer: 0.8; 5

Explanation:

From the question, we are informed that people decide to save 20 percent of their incomes. We should note that the addition of the marginal prospensity to consume(MPC) and the marginal prospensity to save(MPS) will be equal to 1.

Therefore, the value of the marginal propensity to consume will be:

= 1 - 20%

= 1 - 0.2

= 0.8

The value of the spending multiplier will be calculated as:

= 1/MPS

= 1/0.2

= 5

1. Name one practice that is prohibited under Section 8 of RESPA.

2. List at least three categories under ECOA on which creditors may not base credit decisions.

3. Define rescission as it relates to a mortgage loan transaction.

4. List at least two practices that are not prohibited with regard to appraisers.

Answers

Answer:

The answer is below



Explanation:

1. Pactice that is prohibited under Section 8 of RESPA includes the following:

i.  Payment or Receive of "things of value" for business referrals

ii.  Fee splitting when the job or work is yet to be done, to earn a part of the fee

iii. Excessive charges such as mark-ups, double billing, etc.

iv. Void agreement or understanding with regard to referrals and settlement services

2.  Categories under ECOA on which creditors may not base credit decisions are:

Race, Color, Religion, Nationality, Sex, Marital status, Age, Receipt of public assistance and Exercise of rights under the Consumer Credit Protection Act

3.  Rescission is a term that describes a form of legal remedy that voids an agreement between two parties and take back both parties to the initial state before the transaction.

Recission right is however applicable to specific loan transactions, for example refinances and home equity lines of credit.

4.  Practices that are not prohibited with regard to appraisers.

i.  Payment or Receive of "things of value" for business referrals

ii.  Fee splitting when the job or work is yet to be done, to earn a part of the fee

iii. Excessive charges such as mark-ups, double billing, etc.

iv. Void agreement or understanding with regard to referrals and settlement services.

The answer to the queries given above are stated as follows:-

1.  Cash or other 'things of value' as defined under section 8 of the Act are stated to be not to be used by any such firm for the purpose of business referrals.

2. A banking or financial institutions providing credit facilities may not base their credit decisions on factors like race, sex, religion, nationality, beliefs, etc which are irrelevant to the credibility of a borrower in the market.

3. Rescission relates to the revoking, calling back, reversing the judgement passed by the law and make necessary amendments to the law as may be deemed fit.

4. An appraiser may not try to influence the property through the way of wrongful behavior like fraud,coercion or impersonation. And any other such act which relates to criminal conduct must be avoided by the appraiser.

Things of value refer to such assets or class of assets that are easily liquidated and their values are easily realizable due their liquidity and acceptability in the market.

There shall be no discrimination for providing credit facilities on the bases of unrelated phenomenon such as sex, religion, race, castes of a person and shall be purely based on credibility of such person.

Rescission relates to the mortgage loan transaction in a way that it is available to the parties of such transaction in cases where there is refinancing or a home mortgage against finance facility.

Any such agreements which are void ab initio, void during the contract or voidable at the end of any party are not allowed for appraisers so it can be concluded that only legally bound contracts are allowed.

There shall be no acts of impersonation, frauds leading to coercion are also prohibited in case of appraisers of a property so only genuine appraisal of a property is allowed.

Hence, the correct statements are mentioned above for all the queries as asked under the headings of 1, 2, 3 and 4 and hold true.

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Consider the following information and then calculate the required rate of return for the Global Investment Fund, which holds 4 stocks. The market’s required rate of return is 13.25%, the risk-free rate is 7.00%, and the Fund’s assets are as follows:(hint: market beta =1.0) Stock Investment Beta A $ 200,000 1.50 B 300,000 −0.50 C 500,000 1.25 D $1,000,000 0.75

Answers

Answer:

11.77%

Explanation:

total investment = $200,000 + $300,000 + $500,000 + $1,000,000 = $2,000,000

stock    weight                                         beta             total

A          $200,000 / $2,000,000             1.5               0.15

B          $300,000 / $2,000,000             -0.5            -0.075

C          $500,000 / $2,000,000             1.25            0.3125

D          $1,000,000 / $2,000,000           0.75           0.375

Portfolio                                                                       0.7625

required rate of return = Rf + beta(Rm - Rf) = 7% + 0.7625(13.25% - 7%) = 11.7656% = 11.77%

richard has two investment opportunities. He can invest in the sunglasses company or the umbrella company. if he diversifies his investment by putting 50% of his money into each company, what is the expected return and standard deviation of his portfolio

Answers

Answer:

Some information was missing, so i looked it up:

State of               Prob. of the state          Sunglasses            Umbrella

the economy      of the economy             Company               Corporation

Sunny                          .50                              25%                          0%

Rainy                           .50                               0%                          25%

expected returns:

Sunglasses Company = 0.5 x 25% = 12.5%

Umbrella Corporation = 0.5 x 25% = 12.5%,

so the expected return of the portfolio = (12.5% x 0.50) + (12.5% x 0.50) = 12.5%

standard deviation:

Sunglasses Company = √{[(0% - 12.5%)² + (25% - 12.5%)²] / 2} = √156.25 = 12.5%

Umbrella Corporation = √{[(0% - 12.5%)² + (25% - 12.5%)²] / 2} = √156.25 = 12.5%

so the standard deviation of the portfolio = 12.5%

The cash flows associated with each expansion site are summarized below. The expansion is planned for 5 years, and the interest rate is 12% per year. Use the B/C method to determine which site, if any, is the most acceptable. The monetary unit is $ million.
Site A B C
Initial cost, $ 55 70 200
M&O Cost, $/year 3 4 6
Benefits, $/year 20 29 55
Disbenefits, $/year 0.5 2 2.1
A. Site A
B. Site C
C. Site B
D. None

Answers

Answer:

C. Site B

Explanation:

A benefit-cost (B/C) method is a decision making techi=niques that uses benefit-cost ratio (BCR) to give a summary of overall relationship between the relative benefits and costs and a project being proposed.

To calculated the present values (PV) of Maintenance and Operations (M&O) Cost, Benefits and Disbenefits, we use cumulative discounting factor (CDF) for calculating the present value (PV) of an ordinary annuity as follows:

CDF = [{1 - [1 / (1 + r)]^n} / r] …………………………………. (1)

Where;

r = interest rate = 12%, or 0.12

n = number of years = 5

Substitute the values into equation (1), we have:

CDF = [{1 - [1 / (1 + 0.12)]^5} / 0.12] = 3.60

We can now calculate the B?C of each Site as follows as follows:

a. Calculation of B/C ratio of Site A

Initial cost = $55

PV of M&O Cost = M&O Cost per year * CDF = $3 * 3.60 = $10.80

PV of Benefits = Benefits per year * CDF =$20 * 3.60 = $72.00

PV of Disbenefits = Disbenefits per year * CDF = $0.5 * 3.60 = $1.80

PV of Total Cost = Initial cost + PV of M&O cost + PV of Disbenefits = $55 + $10.80 + $1.80 = $67.60

B/C ratio of Site A = PV of Benefits / PV of tota cost = $72.00 / $67.60 = 1.07

b. Calculation of B/C ratio of Site B

Initial cost = $70

PV of M&O Cost = M&O Cost per year * CDF = $4 * 3.60 = $14.40

PV of Benefits = Benefits per year * CDF =$29 * 3.60 = $104.40

PV of Disbenefits = Disbenefits per year * CDF = $2 * 3.60 = $7.20

PV of Total Cost = Initial cost + PV of M&O cost + PV of Disbenefits = $70 + $14.40 + $7.20 = $91.60

B/C ratio of Site A = PV of Benefits / PV of tota cost = $104.40 / $91.60 = 1.14

b. Calculation of B/C ratio of Site B

Initial cost = $200

PV of M&O Cost = M&O Cost per year * CDF = $6 * 3.60 = $21.60

PV of Benefits = Benefits per year * CDF =$55 * 3.60 = $198.00

PV of Disbenefits = Disbenefits per year * CDF = $2.1 * 3.60 = $7.56

PV of Total Cost = Initial cost + PV of M&O cost + PV of Disbenefits = $200 + $21.60 + $7.56 = $229.16

B/C ratio of Site A = PV of Benefits / PV of tota cost = $198.00 / $229.16 = 0.86

Conclusion

1. Since the B/C ratio of only Site A and Site B are greater than 1, both are acceptable.

2. But since Site B's B/C ratio of 1.14 is greater Site A's B/C ratio of 1.07, Site B is the most acceptable. Therefore, the correct option is C. Site B.

Blossom, Inc., manufactures golf clubs in three models. For the year, the Big Bart line has a net loss of $4,700 from sales $201,000, variable costs $175,000, and fixed costs $30,700. If the Big Bart line is eliminated, $19,800 of fixed costs will remain. Prepare an analysis showing whether the Big Bart line should be eliminated. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) g

Answers

Answer:

Analysis of the Big Bart line discontinuity

Opportunity Costs :

Sales                                                        ($201,000)

Savings :

Variable Costs                                          $175,000

Fixed Costs ($30,700 - $19,800)              $10,900

Financial Advantage / (Disadvantage)     ($15,100)

Conclusion :

Do not eliminate / discontinue Big Bart line.

Explanation:

The results show that closing Big Bart line results in a contribution towards fixed cost being lost to the amount of $15,100. Therefore leaving the entire company in a worse off position.

Additional business in the form of a special order of goods or services should be accepted when the incremental revenue equals the incremental costs.
A. True
B. False

Answers

Answer: False

Explanation:

The aim of the business is to ideally make a profit. As a result, Additional business should only be accepted if the incremental cost of doing so is less than the incremental revenue accrued from doing so.

If incremental revenue equals incremental cost, there is no point in engaging in the additional business as it brings no extra value to the business.  

The most powerful of the five competitive forces is usually: Select one: a. The competitive pressures that stem from ready availability b. The competitive pressures associated with rivalry among competing sellers in the industry for buyer patronage c. The competitive pressures associated with the potential entry of new competitors d. The bargaining power and leverage that large customers are able to exercise

Answers

Answer:

b. The competitive pressures associated with rivalry among competing sellers in the industry for buyer patronage.

Explanation:

The Porter’s five forces of competition is a framework developed by Michael E. Porter in 1979, it is used to measure and analyze an organization's competitiveness in a business environment.

The Porter's five forces of competition framework are:

1. The bargaining power of suppliers.

2. The bargaining power of customers.

3. Threat posed by substitute products.

4. Threats posed by new entrants.

5. Threats posed by existing rivals in the industry.

The most powerful of the five competitive forces is usually the competitive pressures associated with rivalry among competing sellers in the industry for buyer patronage. When the amount of competitors (sellers), as well as the quantity of goods and services they provide are large, the lesser their competitive strengths or advantage in the market because the customers have a large pool of finished goods and services to choose from and vice-versa.

Use your own language to explain that short run supply curve by a price-taking firm is the positively-sloped portion of the short-run marginal cost curve.

Answers

Answer:

See the answer and explanation below

Explanation:

A price-taking firm is a firm in a perfectly competitive market where all firms are price takers. That is, no firm in a perfectly competitive can influence the price as only the market determines the price.

The short run supply curve for a price-taking firm refers to the short marginal cost (SMC) curve at and above the shutdown point.

Note: See the attached graph for the shut run supply curve. Also note that point E in the attached graph is the shutdown point.

The shutdown point is the point where the short run marginal cost (SMC) is equal to the average variable cost (AVC) (i.e. where MC = AVC = Shutdown point).

This indicates that the short-run supply curve for a price-taking firm is the part of the SMC curve that lies above AVC curve.

The part of the SMC curve that lies below the AVC or the shutdown point is not part of the short run supply curve of a price-taking firm, because the firm is not engaging in any production at that point.

Therefore, the short run supply curve of a price-taking firm is the increasing portion of the short run MC curve above the shutdown point.

This follows the law of supply which states that more quantity of the product of a firm will be supplied when there is a rise in the market price.

In summary, the short run supply curve of a price-taking firm is the positively-sloped portion of the short-run marginal cost curve

It is January 2nd and senior management of Digby meets to determine their investment plan for the year. They decide to fully fund a plant and equipment purchase by issuing $10,000,000 in bonds. Assume the bonds are issued at face value and leverage changes to 2.7. Which of the following statements are true? Select all that apply.a. Working capital will remain the same at $18,964,118b.Total Assets will rise to $235,535,291c. Chesters' long-term debt will rise by $9,000,000d.The total investment for Chester will be $217,192,866e.Total liabilities will be $139,957,573

Answers

Answer:

Statements (b) and (e) are true.

Explanation:

According to the above, computation of the data given are shown below;

According to the statement (b), Total assets will rise to = $235,535,291

According to the statement (e) , Total liabilities will be $139,957,573

Also, according to the question, new liability amounts to = $10,000,000

Therefore,

Total Stockholder's Equity = Total assets - Total Liabilities

= $235,535,291 - $139,957,573 - $10,000,000

= $85,577,718

Leverage = Total Assets ÷ Total Stockholder's Equity

= $235,535,291 ÷ $85,577,718

= 2.7

According to the above analysis, statements (b) and (e) are true.

Answer :

b.Total Assets will rise to $235,535,291.

e.Total liabilities will be $139,957,573.

Explanation:

The following statements  are true :

Working notes :

Total Assets = $235,535,291 Total Liabilities =$139,957,573  New Liability  = $10,000,000  

Formula:

Total Stockholder's Equity = Total assets - Total Liabilities

Total Stockholder's Equity = $235,535,291 - $139,957,573 - $10,000,000

Total Stockholder's Equity = $85,577,718

Leverage = Total Assets ÷ Total Stockholder's Equity Leverage= $235,535,291 ÷ $85,577,718 Leverage= 2.7

According to the above scenario the correct answer is B and E.

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Morganton Company makes one product and it provided the following information to help prepare the master budget:The budgeted selling price per unit is $70. Budgeted unit sales for June, July, August, and September are 8,500, 16,000, 18,000, and 19,000 units What is the accounts receivable balance at the end of July?

Answers

Answer:

$672,000

Explanation:

The computation of the account receivable balance at the end of July month is shown below:

Particular          June              July          August            September

Unit sales         8,500           16,000      18,000             19,000

Unit selling

price                 $70               $70           $70                 $70

Sales               $595,000     $1,120,000 $1,260,000  $1,330,000

Credit sales collection

40% in this

month sale      $238,000      $448,000  $504,000    $532,000

60% in the

following month                     $357,000   $672,000   $756,000

Total collection  $238,000    $805,000  $1,176,000   $1,288,000

For the account receivable at the end of July we considered the 60% oustanding amount i.e $672,000

In a concentrated network configuration:


a. firms perform a supply chain activity in one location and serve foreign locations from it

b. firms allow each site on the network to operate with full autonomy

c. firms tightly link operations and supply chain activities to one another

d. firms perform a supply chain activity in various countries

Answers

Answer:

B

Explanation:

Here, in this question, we are to select which of the options is best.

The correct answer to this question is that in a concentrated network configuration, firms allow each site on the network to operate with full autonomy.

What this means is that each site in the network operate independently of the other sites.

A site is thus an autonomous entity but still part of the concentrated network

At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget: Cash balance, September 1 (from a summer job) $9,250 Purchase season football tickets in September 160 Additional entertainment for each month 250 Pay fall semester tuition in September 4,800 Pay rent at the beginning of each month 600 Pay for food each month 550 Pay apartment deposit on September 2 (to be returned December 15) 600 Part-time job earnings each month (net of taxes) 950Required:a. Prepare a cash budget for September, October, November, and December. b. Are the four monthly budgets that are presented prepared as static budgets or flexible budgets?c. What are the budget implications for Craig Kovar?

Answers

Answer:

a) Craig Novar's

Cash budget

                                                                  Months

                                        Sept.            Oct.             Nov.           Dec.

beginning balance          9,250         2,640          2,190           1,740

football tickets                -160

other entertainment       -250            -250            -250            -250

semester tuition             -4,800

rent                                  -600            -600            -600            -600

food                                 -550            -550            -550            -550

apartment deposit          -600                                                     600

part time jobs earnings   950             950             950             950

ending balance                2,640         2,190           1,740            1,890

b) This is a static budget because it is being prepared in advance. A flexible budget adjusts a static budget to the real cash outflows and inflows.

c) Since Craig is spending more money than what he earns, his cash balance is decreasing month by month. This tendency changes in December because Craig gets his apartment's deposit back, but he still will not have enough money to pay for Spring tuition.

What is the annual real estate tax on a property valued at $135,000 and assessed for tax purposes at $47,250, with an equalization factor of 125%, when the tax rate is 25 mills

Answers

Answer:

$1,477

Explanation:

The annual real estate tax = assessed tax × equalization factor × tax rate

= $47,250 × 125% × 25 mills

= $47,250 × 125% × 2.5%(25 mills)

= $47,250 × 1.25 × 0.025

= $1,477

The ratio of sales to invested assets, which is also a factor in the DuPont formula for determining the rate of return on investment, is called

Answers

Answer:

Investment turnover

Explanation:

Investment turnover is used to compare the revenue earned by a business to the invested assets (equity or debt). It measures how effectively the business is using investment to generate profit.

The number of times investment is converted to revenue is calculated using this method (that is the turnover).

This metric is used in the Dupont formula.

Dupont formula is a financial ratio that evaluates a company's ability to increase return on equity.

Three main components of the Dupont formula are: profit margin, total asset turnover, and financial leverage.

Sheffield Corp. determines that 53000 pounds of direct materials are needed for production in July. There are 3100 pounds of direct materials on hand at July 1 and the desired ending inventory is 2700 pounds. If the cost per unit of direct materials is $3, what is the budgeted total cost of direct materials purchases

Answers

Answer:

Budgeted total cost of Direct Material purchases ($) =$ 157,800

Explanation:

Raw material purchase budget is determined by adjusting the raw material usage budget for opening and closing inventory of materials.

Purchase budget = usage budgeted + closing inventory - Opening inventory

Material purchase budget = 53,000 + 2,700 - 3,100= 52,600  pounds

Note the closing inventory represents the stock of materials needed to be kept, hence it will increase the purchase budget. So we added.

On the other hand hands, the opening inventory represented what already existed , hence we subtracted it as it will reduce what will be required.

Material purchase budget ($) = purchase budget in quantity × standard price per quantity

Material purchase budget = 52,600 × $3 = $ 157,800

Budgeted total cost of Direct Material purchases ($) =$ 157,800  

Consider a 10 year bond with a face value of $1000 that has a coupon rate of 5.3%, with semiannual payments. What is the coupon payment for this bond?

Answers

Answer:

$26.5

Explanation:

the question says that the bond has a face value equal to 1000 dollars

coupon rate = 5.3%

and that the bond pays semiannually. semiannually means that it pays after 6 months.

semi annual coupon payment formula is given by = coupon rate/2 multiplied by face value

= 5.3%/2 multiplied by 1000

= 0.0265 x 1000

= $26.5

therefore from this calculation, the coupon payment on the bond is $26.5 dollars in every six months or semiannually.

The Federal Reserve has been aggressively expanding the money supply by using repurchase agreements in its open market operations. Ignoring other factors, this is likely to result in:

Answers

Answer: decrease in interest rates and an increase in inflation

Explanation:

From the question, we are informed that The Federal Reserve has been aggressively expanding the money supply by using repurchase agreements in its open market operations.

This will result in a reduction in the interest rate and since there's more money in circulation, it will bring about an increase in the prices of goods.

On January​ 1, 2018, Waller Sales issued in bonds for . These are eightyear bonds with a stated rate of ​%, and pay semiannual interest. Waller Sales uses the straightline method to amortize the bond discount. After the second interest payment on December​ 31, 2018, what is the bond carrying​ amount? (Round your intermediate answers to the nearest​ cent, and your final answer to the nearest​ dollar.)

Answers

Answer:

Carrying value December 31, 2018 = $24,137.50

Explanation:

the numbers are missing, so I looked for a similar question to fill in the blanks:

Waller Sales issued $30,000 in bonds for $23,300. These are eight-year bonds with a stated rate of 11%

The journal entry to record the issuance of the bonds:

January 1, 2018, bonds are issued at a discount:

Dr Cash 23,300

Dr Discount on bonds payable 6,700

    Cr Bonds payable 30,000

discount amortization = $6,700 / 16 coupons = $418.75 per coupon payment

First and second coupon payments:

June 30 (or December 31), 2018, coupon payments

Dr Interest expense 3,718.75

    Cr Cash 3,300

    Cr Discount on bonds payable 418.75

Carrying value June 30, 2018 = $23,300 + $418.75 = $23,718.75

Carrying value December 31, 2018 = $23,300 + $418.75 = $24,137.50

Bank's Balance Sheet Assets Liabilities and Owners' Equity $1,600 $250 Securities $1,000 Capital (owners' equity) $150 Reserves$200 Deposits Loans $800 Debt Suppose the owners of the bank borrow $100 to supplement their existing reserves.
This would increase the reserves account and ______ the ______ account.
This would also bring the leverage ratio from its initial value of __________ to a new value of_______
Which of the following is true of the capital requirement?
a. The higher the percentage of assets a bank holds as loans, the higher the capital requirement.
b. A minimum leverage ratio for all banks.
c. Its intended goal is to protect the interests of those who hold equity in the bank.

Answers

Answer:

1. This would increase the reserves account and increase the debt account.

Borrowing refers to debt and so it will increase the debt account.

2. This would also bring the leverage ratio from its initial value of 13.33 to a new value of 14.

The bank leverage ratio refers to its Assets divided by Capital (Owners equity).

Before the $100 was borrowed, the leverage ratio was;

= (Reserves + loans + securities)/Capital

= ( 200 + 800 + 1,000) / 150

= 13.33

After the $100 was borrowed

= ( 200 + 800 + 1,000 + 100) /150

= 14.

3. a. The higher the percentage of assets a bank holds as loans, the higher the capital requirement.

The capital requirement is meant to protect depositors in case the loans are defaulted on as the loans are created from the funds depositors bring in. Should the loans be defaulted on, they will be paid from the capital therefore if the bank holds more loans, it will have to hold more capital to ensure it can cover those loans.

dazzle, inc. produces beads for jewelry making use the journal entry to record production activities for direct labor usage is

Answers

Answer:

Debit Work in Process Inventory $180,000; credit Factory Wages Payable $180,000.

Explanation:

The journal entry to record the direct labor usage is shown belwo:

Work in process inventory Dr

          To factory wages payable

(Being the direct labor usage is recorded)

For recording this we debited the work in process as it increased the assets and credited the factory wages payable as it also increased the liabilities

Moreover, when the wages is applied in the production level so the respective account is debited and credited

Refer to the following scenario to answer the following questions.
Five fishermen live in a village and have no other employment or income-earning possibilities besides fishing. They each own a boat that is suitable for fishing but does not have any resale value. Fish are worth $5 per pound, and the marginal cost of operating the boat is $500 per month. They all fish a river next to the village. According to the following schedule, they have determined that when there are more of them out on the river fishing, they each catch fewer fish per month.
Boats Fish Caught per
Boat (pounds)
1 200
2 190
3 175
4 155
5 130
How many fishermen will choose to operate their boats?

Answers

Answer:

5 fishermen will choose to operate their boats as each of them will earn a profit of $150

Explanation:

Per boat operating cost = $500 per month.

Price of fish = $5 per pound.

There are 5 fishermen and each fishermen has 1 boat.

For 1 boat

Total revenue = Price * quantity = $5 * 200 = $1,000

Cost = $500

Profit = Total revenue - Cost = 1000 - 500

Profit = $500.

For 2 boats

Total Revenue of each boat = $5 * 190 = $950

Cost of each boat = $500

Profit of each boat = Total revenue - Cost = 950 - 500

Profit of each boat = $450.

For 3 boats

Total Revenue of each boat = 5 * 175 = $875

Cost of each boat = $500

Profit of each boat = TR - Cost = 875 - 500

Profit of each boat = $375

For 4 boats

Total Revenue of each boat = 5 * 155 = $775

Cost of each boat = $500

Profit of each boat = TR - Cost = 775 - 500

Profit of each boat = $275

For 5 boats

Total Revenue of each boat = 5 * 130 = $650

Cost of each boat = $500

Profit of each boat = TR - Cost = 650 - 500

Profit of each boat = $150.

Conclusion: As there are 5 fishermen and if all of them out on the river at the same time then each fisherman earns profit of $150. As all fishermen earns profit hence all of them will choose to operate their boats. Therefore, 5 fishermen will be ready to operate their boats.

Storm in Bowl is a noodle manufacturer in Texas. It advertises the ingredients used for its product to convince customers that it is safe for consumption. The company has also slashed its prices to ensure affordability for low-income consumers. According to the VALS™ framework, Storm in Bowl is most likely targeting

Answers

Answer: Survivors

Explanation:

From the question, we are informed that Storm in Bowl is a noodle manufacturer in Texas and that it advertises the ingredients used for its product to convince customers that it is safe for consumption.

We are further told that the company has also slashed its prices to ensure affordability for low-income consumers. According to the VALS™ framework, Storm in Bowl is most likely targeting survivors.

The survivors are those with low income and have very few resources and are also loyal to a particular brand.

Amos Manufacturing has two major departments. Management wants to compare their relative performance. Information related to the two departments is as follows:Division 1:Sales: $200,000Expenses: $150,000Asset investment: $950,000Division 2:Sales: $45,000Expenses: $35,000Asset investment: $200,000Based on ROI, which division is more profitable?a. Division 1b. Both divisions have the same ROI ratioc. Division 2

Answers

Answer:

Division A is doing better and his more profitable because it has a higher ROI than Division B

Explanation:

Return on Investment is the proportion of operating assets that an investment center earned as as net operating income.

ROI is measure of the returned earned by a division relative to the amount invested in the assets used to generate the return.

It is calculated as follows

ROI = operating income/operating assets

Division A

Net operating income = Sales - expenses

Net operating income = 200,000 - 150,000 = 50,000

Operating assets = 950,000

ROI = 50,000/950,000× 100 = 5.26 %

Division B

Net operating income = 45,000 - 35,000 = 10,000

Operating assets = 200,000

ROI = 10,000/ 200,000 × 100 = 5 %

Division A is doing better and his more profitable because it has a higher ROI than Division B

"Net income for the period was $200,000. The retained earnings account had a beginning balance of $25,000. If the company paid dividends of $20,000 during the year, what is the ending balance in retained earnings?"

Answers

Answer:

Retained earning balance at the end would be = $205,000

Explanation:

Retained earnings at the end = Retained earning at the beginning + Net income - Dividend paid

The net income would increase the balance of the retained earnings hence it is added to it.

The Dividend paid would be a cash outflow which would reduce the balance of the retained earnings, hence it is deducted from it.

So applying this to the question, we have

Retained earning balance at the end would be:

25,000 + 200,000 - 20,000 = $205,000

Retained earning balance at the end would be = $205,000

New Morning Bakery is in the process of closing its operations. It sold its two-year-old bakery ovens to Great Harvest Bakery for $580,000. The ovens originally cost $778,000, had an estimated service life of 10 years, and an estimated residual value of $48,000. New Morning Bakery uses the straight-line depreciation method for all equipment. Required: 1. Calculate the balance in the accumulated depreciation account at the end of the second year.

Answers

Answer:

The balance in the accumulated depreciation account at the end of the second year is $146,000.

Explanation:

Straight line method charges a fixed depreciation charge on the asset during its period of use.

Depreciation Expense (Straight line) = Cost - Residual Amount ÷ Estimated Useful life

                                                             = $778,000 - $48,000 ÷ 10

                                                             = $73,000

Therefore, for each year, a depreciation expense of $73,000 is charged to profit an loss.

Accumulated Depreciation Calculation :

Depreciation Expense : Year 1     $73,000

Depreciation Expense : Year 2    $73,000

Total Expense                              $146,000

Steelcase Inc. (SCS) is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it assembles filing cabinets in an Assembly Department. Assume the following information for the Assembly Department: Direct labor per filing cabinet 18 minutes Supervisor salaries $250,000 per month Depreciation $18,500 per month Direct labor rate $28 per hourRequired:Prepare a flexible budget for 70,000, 80,000, and 90,000 filing cabinets for the month ending February 28 in the Assembly Department.

Answers

Answer:

Total department cost of 70,000 units = $856,500

Total department cost of 80,000 units = $940,000

Total department cost of 90,000 units = $1,024,500

Explanation:

Note: See the attached excel file for the flexible budget.

A flexible budget is a budget that changes, flexes or adjusts as the volume, activity or unit of production changes.

For this question, the direct labor cost for each unit can be calculated as follows:

Direct labor time per filing cabinet in minutes = 18

Number of minutes in one hour = 60

Direct labor rate per minute = Direct labor rate per hour / Number minutes in one hour = $28 / 60 = $0.466666666666667

Direct labor cost per filing cabinet = Direct labor time per filing cabinet in minutes * Direct labor rate per minute = 18 * $0.466666666666667 = $8.40

Direct labor cost of a particular units of production = Direct labor cost per filing cabinet * Number of units of production ................... (1)

Using equation (1), the Direct labor cost of different units of production used in the attached excel file is calculated as follows:

Direct labor cost of 70,000 units = $8.40 * 70,000 = $588,000

Direct labor cost of 80,000 units = $8.40 * 80,000 = $672,000

Direct labor cost of 90,000 units = $8.40 * 90,000 = $756,000

Which of the following is true regarding warranties under common law? Select one: A. Express warranties, the implied warranty of assignability, and warranties of title arise automatically under common law. B. Only the implied warranty of merchantability arises automatically under common law. C. Only warranties of title arise automatically under common law. D. For a warranty to exist, it must first be requested by the buyer. E. Only the implied warranty of assignability arises automatically under common law.

Answers

Answer: E. Only the implied warranty of assignability arises automatically under common law

Explanation:

Implied warranty is a term that is used in common law to refer to assurance that are given to a a product that the said product is fit and in good condition for the purpose it'll be used for.

Of all the options that are given, the one that is true regarding warranties under common law is that only the implied warranty of assignability arises automatically under common law.

An all-equity firm is considering the following projects:
Project Beta IRR
W .85 8.9%
X .92 10.8
Y 1.09 12.8
Z 1.35 13.3
The T-bill rate is 4 percent, and the expected return on the market is 11 percent.
a. Which projects have a higher expected return than the firm's 11 percent cost of capital?
b. Which projects should be accepted?
c. Which projects would be incorrectly accepted or rejected if the firm's overall cost of capital were used as a hurdle rate?

Answers

Answer:

Projects Y and Z

b. Projects W and Z

c. Projects W and Y

Explanation:

CAPM equation : Expected return = Risk free rate + Beta x (Expected market return - Risk free rate)

W = 4% + [0.85 x (11% - 4%)] = 9.95%

X = 4% + (0.92 x 7%) = 10.44%

Y = 4% + (1.09 x 7%) = 11.63%

Z = 4% + (1.35 x 7%) = 13.45%

Projects Y and Z have an expected return greater than 11%

b. Projects W and Z should be accepted because its expected return is higher than the IRR

c. Project W would be incorrectly rejected because the expected rate of return is less than the overall cost of capital (i.e. 9.95 is less than 11). But its expected rate of return is greater than the IRR

Y would be incorrectly accepted because its expected rate of return is greater  than the overall cost of capital but its expected rate of return is less than the IRR

The Association of Organic Food Growers, which does not include all organic farmers and ranchers, refuses to deal with any parties who do not carry the products of its members. This group boycott is Group of answer choices a situation that neither restrains trade nor harms competition. not within the scope of the Sherman Act. a per se violation of antitrust law. subject to analysis under the rule of reason.

Answers

Answer:

a per se violation of antitrust law.

Explanation:

The antitrust laws can be defined as those laws that are created by the US government to protect consumers from unfair means of competition in market. The aim of creating such laws is to ensure the protection of customers from corruptive business practices and also to ensure safe healthy competitive environment among same business companies.

In the given scenario, the Association of Organic Food Growers is violating the antitrust law by boycotting farmers, ranchers, etc. The antitrust laws are violated by companies in several ways among them is by boycotting.

Boycotting can be defined as an agreement between several companies that excludes a group of customers or market to avert them from buying aanyy goods or products.

This boycotting agreement is a per se violation of antitrust law.

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