Answer:
The customer is one who buys product produce while the consumer is one who takes benefit or uses the product.
Which of the following is an example of a functional structure? Multiple Choice Fred owns a diner and has three employees. Borrowit Lending has a business division and a consumer division. Shelter Semiconductors has offices in Berlin, Tokyo, Chicago, and London. Leopard Industries has a plastics group, an electronics group, and a transportation group. At Mark’s Furniture, all the carpenters are in one group, and all the upholsterers are in another.
Answer: At Mark’s Furniture, all the carpenters are in one group, and all the upholsterers are in another.
Explanation:
Functional structures refer to the grouping of company departments based on what the labor involved do for the company i.e. their functional expertise.
Mark's company is therefore using a functional structure because it groups its workforce by their functional expertise with carpenters in one group and upholsters in another.
Most companies follow this strategy which is why companies have departments such as accounting, human resources, marketing and production.
Alan tells Sherry that he will pay her $5,000 if she runs the Boston Marathon. Once Sherry starts running the marathon, Alan, legally, ________. Group of answer choices can revoke the contract as informal verbal agreements are not binding. can reduce the amount of money offered from $5,000 to $4,500, but only if Sherry doesn't place in the Boston Marathon. cannot revoke the contract. can sue for equitable damages only.
Answer:
can revoke the contract as informal verbal agreements are not binding
Explanation:
Since in the question it is mentioned that sherry would pay her $5,000 in the case when she runs marathon now once she starts running so here alan can revoke the contract legally as there is only verbal agreements not the written agreement also they are not binding to each other
So as per the given situation, the above statement should be considered
The neoclassical view holds that long-term expansion of potential GDP due to _______________________ will determine ____________________. Group of answer choices
Answer:
economic growth; the size of the economy.
Explanation:
Gross Domestic Products (GDP) is a measure of the total market value of all finished goods and services made within a country during a specific period.
Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country. Also, Gross Domestic Products (GDP) is a measure of the production levels of any nation.
Basically, the four (4) major expenditure categories of GDP are consumption (C), investment (I), government purchases (G), and net exports (N).
The new classical theory also known as the neoclassical economic theory is one that repudiates and tends to restructure the John M. Keynes theory of macroeconomics, popularly referred to as the Keynesian Macroeconomics theory.
The new classical theory argues that efficient demand and supply is the most important feature or key behind the level of output, pricing, and consumption of goods and services by the people at a specific period of time in a country. Also, the new classical theory assumes that the wages of the employees in a country is flexible in contrast to the Keynesian macroeconomic theory.
The neoclassical view posits that long-term expansion of potential Gross Domestic Products (GDP) due to economic growth will significantly determine the size of a country's economy.
However, the economy cannot sustain production above its potential Gross Domestic Products (GDP) in the long run.
A distinguishing characteristic of the neoclassical view from other economic theory such as the Keynesian Macroeconomics theory, is flexibility of wages and prices over time.
Pontchartrain Company issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2017. Interest is paid on June 30 and December 31. The proceeds from the bonds are $19,604,145. The company uses effective-interest amortization. Interest expense reported on the 2017 income statement will total
Answer:
$1,568,498
Explanation:
First calculate the Amont of discount
Discount on the bond = Face value - Proceeds from the bond = $20,000,000 - $19,604,145 = $395,855
Now prepare the bond amortization
The Bond Amortization schedule is attached with this answer, please find it.
Now calculate the interest expense for 2017
Interest Expense 2017 = $784,165.80 + $784,332.43
Interest Expense 2017 = $1,568,498.23
Interest Expense 2017 = $1,568,498
Swifty Corporation has 46,500 shares of $13 par value common stock outstanding. It declares a 15% stock dividend on December 1 when the market price per share is $18. The dividend shares are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend. (
Answer:
Common stock dividend distributable = Par * Number of shares * % dividend
= 13 * 46,500 * 15%
= $90,675
Stock Dividend = Number of shares * market price * % dividend
= 46,500 * 18 * 15%
= $125,550
Date Account Title Debit Credit
Dec, 1 Stock Dividend $125,550
Common Stock Dividend Distributable $90,675
Paid in Capital in excess of Par- $34,875
Common stock
Date Account Title Debit Credit
Dec, 31 Common Stock Dividend Distributable $90,675
Common Stock $90,675
An abundance of utility-focused blogs exist, posting negative information about utilities in general and even about ABC Utility. Which of the following is NOT a wise response to control the negative blogs?
a. Repost the negative blogs that appear in other places, and argue against the content.
b. Create a company sponsored blog and post blogs with useful information.
c. Monitor the blogs to gather information about public perception.
d. Ask the CEO to frequently write a blog post regarding the values and vision of the organization.
Answer:
a
Explanation:
Blogs are a good medium that can be used by firms to disseminate information about their goods and services.
Blogs are also a good way to gather information about the perception of consumers to a company's goods and services
A company can make use of blogs to disseminate positive information about their goods and services by creating a company sponsored blog and post blogs with useful information. It would be and advantage if key personals in the firm frequently write a blog post about the firm e.g. the values and vision of the organization.
Danke Inc. is a diversified firm that creates more value than the cost that it incurs. As a result, they are experiencing a diversification premium in their stock price. Danke Inc. is able to accomplish all of the following except:a. provide economies of scale, which reduces Danke’s costs.
b. exploit economies of scope, which increases Danke’s value.
c. increase their costs but maintain their current stock price.
d. reduce Danke’s costs and increase value.
Answer:
b
Explanation:
Danke is experiencing economies of scale. Economies of scale occurs when the cost of production decreases as output increases. As output increases, total cost reduces and value increases
Economies of scope is when the cost of producing two goods jointly is lower when compared with the cost of producing the goods separately
Answer:
brain ded
Explanation:
Scooby ate all my scooby snax
Ice Cream Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 2,400 Materials costs $ 14,500 Conversion costs $ 6,600 Percent complete with respect to materials 75 % Percent complete with respect to conversion 20 % Units started into production during the month 11,100 Units completed and transferred to the next department during the month 10,000 Materials costs added during the month $ 173,600 Conversion costs added during the month $ 243,600 Ending work in process inventory: Units in ending work in process inventory 3,500 Percent complete with respect to materials 90 % Percent complete with respect to conversion 30 % The cost per equivalent unit for materials for the month in the first processing department is closest to:
Answer:
Ice Cream Corporation
The cost per equivalent unit for materials for the month in the first processing department is closest to:
= $14.30.
Explanation:
a) Data and Calculations:
Units Materials Conversion
Beginning work in process 2,400 $ 14,500 $ 6,600
Percentage of completion
Beginning work in process 75% 20%
Started into production 11,100
Units in production 13,500
Completed and transferred 10,000
Ending work in process 3,500 90% 30%
Costs added during the month $173,600 $243,600
Total costs of production
Beginning work in process $ 14,500 $ 6,600
Costs added during the month 173,600 243,600
Total costs of production $188,100 $250,200
Equivalent units of production:
Completed and transferred 10,000 10,000 (100%) 10,000 (100%)
Ending work in process 3,500 3,150 (90%) 1,050 (30%)
Equivalent units of production 13,150 11,050
Cost per equivalent unit:
Total costs of production $188,100 $250,200
Equivalent units of production 13,150 11,050
Cost per equivalent unit $14.30 $22.64
Super Computer Company's stock is selling for $100 per share today. It is expected that, at the end of one year, it will pay a dividend of $6 per share and then be sold for $114 per share. Calculate the expected rate of return for the shareholders. A) 20% B) 15% C) 10% D) 25%
Answer: A. 20%
Explanation:
The expected return takes into account whatever dividends and capital gains accrue to a stock over the period.
Expected return = (Price at end of period + Dividends - Price at beginning of period) / Price at beginning of period
= (114 + 6 - 100) / 100
= 20/100
= 20%
The number of people employed in one country is 230 million, with a total number of unemployed people at 40 million. The total population for the country is 500 million. What is the unemployment rate? Group of answer choices
Answer:
Unemployment rate = 14.81 %
Explanation:
Unemployment is defined as the number of people that are willing and able to work in an economy but that are not able to get employment.
If is used as a measure of the level of economic growth of a country.
Mathematically:
Unemployment rate = (Unemployed) ÷ (Economically active people) *100
Economically active people are employed plus unemployed.
That is 230 million + 40 million = 270 million
Therefore
Unemployment rate = (40/270) * 100
Unemployment rate = 14.81 %
Marc Adler is the owner of Macquarium , a multimillion- dollar communications company that does everything from video Productions to creating websites to public relations campaign has done this sort of work with bellsouth and snap-on tools Even though these companies could have prepared and created their website in house these tasks were;
Answer: outsourced
Explanation:
Outsourcing simply meabs the business practice whereby a company hires another party outside the company to perform a particular activity related to it's production for them which the company could have done itself and performed in-house.
Outsourcing is done in order to reduce cost or focus on other main areas in the company. Since Marc Adler gave the creation of its website to another party, this is known as outsourcing.
1. Define equilibrium.
Answer:
In chemistry:
Chemical equilibrium is defined as the condition in the course of a reversible chemical reaction in which no net change in the amounts of reactants and products occurs
In physics:
Equilibrium is defined as the condition of a system when neither its state of motion nor its internal energy state tends to change with time.
A simple mechanical body is said to be in equilibrium if it experiences neither linear acceleration nor angular acceleration; unless it is disturbed by an outside force, it will continue in that condition indefinitely.
the condition of a system when neither its state of motion nor its internal energy state tends to change with time is called equilibrium.
Hope it is helpful to you
When many members of the project team disagree, then delaying the decision, gathering more data, or agreeing to let person make the decision may be in order
Answer:
Leadership within a project team should be demonstrated only by the project manager. ... When many members of the project team disagree, then it may be best to delay the decision, gather more data, or agree to let one or two team members investigate and recommend a strategy for the whole team
Barclay Enterprises manufactures and sells three distinct styles of bicycles: the Youth model sells for $370 and has a unit contribution margin of $140; the Adult model sells for $920 and has a unit contribution margin of $485; and the Recreational model sells for $1,070 and has a unit contribution margin of $535. The company's sales mix includes: 5 Youth models; 9 Adult models; and 6 Recreational models. If the firm's annual fixed costs total $6,570,000, calculate the firm's break-even point in composite units (rounded to the nearest whole unit). Multiple Choice 16,550 composite units. 794 composite units. 1,430 composite units. 397 composite units. 8,275 composite units.
Answer:
794 composite units.
Explanation:
Calculation to determine the firm's break-even point in composite units
First step
Contribution Margin per Composite Unit:
Youth model $700
($140× sales mix of 5 )
Adult model model $4,365
($485× sales mix of 9)
Recreational model $3,210
( $535 × sales mix of 6 )
Contribution Margin per Composite Unit=8,275
($700+$4,365+$3,210)
Now let determine the Break-even Sales in Composite Units using this formula
Break-even Sales in Composite Units = Total Fixed Costs/Contribution Margin per Composite Unit
Let plug in the formula
Break-even Sales in Composite Units = $6,570,000/$8,275
Break-even Sales in Composite Units = $793.9
Break-even Sales in Composite Units = 794 composite units
Therefore the firm's break-even point in composite units is 794 composite units.
importance of settlement
Answer:
The function of a settlement helps to identify the economic and social development of a place and can show its main activity. Most large settlements have more than one function though in the past one function was maybe the most important in defining the success and growth in importance of the settlement.
The function of a settlement helps to identify the economic and social development of a place and can show its main activity. Most large settlements have more than one function though in the past one function was maybe the most important in defining the success and growth in importance of the settlement.
Explanation:
The main functions of a settlement are:
Market town – where farmers will buy and sell their goods and materials
Mining town – where minerals and fuel might be extracted
Industrial town – where raw materials will be processed into manufactured products
Port – a place where goods can be imported and exported
Route centre – a place where several important roads/ transport links will meet
Service centre – a place that will provide for the main needs and services for people living in a particular area
Cultural/ Religious centre – a place that will welcome people from different places for learning or religious observance
Administrative centre – where government offices and departments will be located
Residential town – a place where people will live but will travel to work somewhere else
Tourist resort – where people visit to relax and enjoy themselves
Correll Company, which operates a mail-order clothing business, is physically located in State L. This year, the firm shipped $18 million of merchandise to customers in State R. State R imposes a 6 percent sales and use tax on the purchase and consumption of retail goods within the state.
Required:
a. Do State R residents who purchased Firm L merchandise owe use tax on their purchases?
b. If State R could legally require Firm L to collect a 6 percent tax on mail-order sales made to residents of the state, how much additional revenue would the state collect? Explain the reasoning behind your answer.
Answer:
Correll Company
a. Yes State R residents who purchased Firm L (out-of-state) merchandise owe use tax on their purchases.
b. State R would collect $1,080,000 additional revenue ($18 million * 6%) if Correll was required to collect the use tax at the point of sale and then remit the tax collected to State R.
Explanation:
a) Data and Calculations:
Cost of merchandise to customers in State R = $18 million
State R's sales and use tax on the purchase and consumption of retail goods within the state = 6%
Amount that Correll could collect for State R = $1,080,000 ($18 million * 6%)
b) Note that Correll (Firm L) collecting the State R use tax does not affect State R residents' legal liability to pay the use tax. Unfortunately, not many people actually remit their self-assessed use tax.
Your sister is thinking about starting a new business. The company would require $300,000 of assets, and it would be financed entirely with common stock. She will go forward only if she thinks the firm can provide a 13.5% return on the invested capital, which means that the firm must have an ROE of 13.5%. How much net income must be expected to warrant starting the business
Answer: $40,500
Explanation:
The company would be expected to make a net income of 13.5% of the amount invested in assets.
ROE = Net income / Equity
Net income = ROE * Equity
Assets are the same as equity in this scenario because the company is entirely funded by equity.
= 13.5% * 300,000
= $40,500
You want to have $5 million in real dollars in an account when you retire in 20 years.
The nominal return on your investment is 10 percent and the inflation rate is 3 percent.
What is the real amount you must deposit each year to achieve your goal?
Answer:
The real amount that you must deposit each year to achieve your goal is:
= $54,662.78.
Explanation:
a) Data and Calculations:
Required amount in real dollars = $5 million
Nominal return on investment = 10%
Inflation rate = 3%
Real return on investment = 13% (10 + 3)
From an online financial calculator:
N (# of periods) 20
I/Y (Interest per year) 13
PV (Present Value) 0
FV (Future Value) 5000000
Results
PMT = $54,662.78
Sum of all periodic payments $1,093,255.61
Total Interest $3,906,744.3
A researcher is asked to determine whether or not a productivity objective (in dollars) of better than $75,000 per employee is possible. A productivity test is done involving 20 employees. What conclusion would you reach
Answer:
Hence the null hypothesis is not rejected.
We conclude that productivity objective (in dollars) is not better than $75,000 per employee.
Explanation:
Single sample t-test ( upper tail test)
[tex]H_0: \mu = 75000\\H_1: \mu > 75000[/tex]
N=20
Mean =75500
Sd=18968.117
[tex]t = \frac { (\bar x - \mu)} {\frac {s} {\sqrt{n}}}\\\\t = \frac{(75500-75000)}{\frac{18968.117}{\sqrt{20}}}\\t=0.1179[/tex]
DF= 20-1=19
Table value of t at 0.05 level of significance =1.7291
Calculated t=0.1179 < table value 1.7291
The null hypothesis is not rejected
We conclude that productivity objective (in dollars) is not better than $75,000 per employee
MC Qu. 131 At Midland Company's break-even point... At Midland Company's break-even point of 9,000 units, fixed costs are $180,000 and variable costs are $540,000 in total. The unit sales price is:
Answer:
selling price per unit = $80
Explanation:
Giving the following information:
Company's break-even point of 9,000 units
Fixed costs are $180,000
Total variable costs= $540,000
First, we will calculate the unitary variable cost:
Unitary variable cost= 540,000 / 9,000
Unitary variable cost= $60
Now, the unitary selling price, using the following formula:
Break-even point in units= fixed costs/ contribution margin per unit
9,000 = 180,000 / (selling price per unit - 60)
9,000selling price per unit - 540,000 = 180,000
9,000selling price per unit = 180,000 + 540,000
9,000selling price per unit = 720,000
selling price per unit = 720,000/9,000
selling price per unit = $80
Answer:
$80
Explanation:
The first step is to find the variable cost
= 540,000/9000
= 60
Therefore the unit sales price can be calculated as follows
= 180,000/90,000+60
= 20+60
= $80
Hence the unit sales price is $80
Ted, a used car dealer, entered into a written agreement to sell a car to Debra, a sixteen year old high school junior. The agreement provided that Ted would replace any defective parts for one year. Debra agreed to pay Ted $200 per month for three years (which she has done). The age of majority for the jurisdiction is eighteen. After six months, Debra's transmission fails but Ted refuses to replace it. If Debra (or a representative on her behalf) brings a lawsuit against Ted, it is more likely than not that the court will rule:_____.
A. Ted will prevail because Debra was a minor when the contract was formed.
B. The contract is illegal.
C. The contract is void.
D. Debra will prevail, as Ted is bound to the contract.
Answer:
D. Debra will prevail, as Ted is bound to the contract.
Explanation:
A minor can enter a contract that is not prohibited by law for minors. For example sale of alcohol or tobacco is prohibited.
When a minor enters a contract they can either honor it or void it before they come of age.
This is different for adults that cannot disaffirm a contract.
So in this scenario where the agreement provided that Ted would replace any defective parts for one year, failure to do so will see Debra prevailing in court. Since she did not void the contract
Materials cost per yard: standard, $1.90; actual, $2.04 Standard yards per unit: standard, 4.69 yards; actual, 5.03 yards Units of production: 9,400 Calculate the direct materials price variance. a.$1,316.00 unfavorable b.$6,619.48 unfavorable c.$6,619.48 favorable d.$6,172.04 favorable
Answer:
b.$6,619.48 unfavorable
Explanation:
Calculation to determine the direct materials price variance
First step is to calculate the Total number of actual quantity used
Total number of actual quantity used = 9400×5.03
Total number of actual quantity = 47,282
Now let determine the Material price variance
Using this formula
Material price variance = ( Standard price - Actual price ) × Actual quantity used
Let plug in the morning
Material price variance= ( $1.90 - $2.04 ) × 47,282
Material price variance=-0.14×47,282
Material price variance = -$6,619.48 unfavorable
Therefore the direct materials price variance is
-$6,619.48 unfavorable
If you were originally a lender, remain a lender even after a decline in interest rates. Will you get better or worse after the interest rate change? Analyze consumer behavior in the above situation.
Answer:
If the lender rate decline he will be worst of due to consumer buying behavior.
Explanation:
Lenders are creditors and not all creditors are leanders. During a decline in the interest rates goes down and borrowing gets cheaper. The leander will be worse after the interest rates decline. If the interest rate rises or changes the lender may get higher rates.Maria is an employee at Lyric Inc. Her colleagues describe her as friendly and gregarious. She is a good team player and is always willing to help others. She also likes socializing with her colleagues outside of work. In the context of David McClelland's three needs theory, Maria is most likely driven by a need for _____.
Answer:
affiliation
Explanation:
An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.
In this scenario, Maria is an employee at Lyric Inc. and she's described by her colleagues as being friendly and gregarious (sociable or welcoming). Also, Maria is a good team player who is always willing to help her team members and she likes socializing with her colleagues outside of work.
David Clarence McClelland was an American psychologist who was born on the 20th of May, 1917 in New York, United States of America and he died on the 27th of March, 1998 in Massachusetts, United States of America. David was famously known for his work "McClelland Theory of Motivation" in his book (1961) titled "The Achieving Society" where he talked about people's need for achievement and identified the three (3) motivators by all humans;
I. Need for power (N-Pow).
II. Need for achievement (N-Ach).
III. Need for affiliation (N-Affil).
The aforementioned driving motivators are not inherently possessed but instead are developed through human culture and individual life experiences.
Hence, the performance, effectiveness and motivation of an employee working in an organization is influenced by the three needs theory.
An employee with a high need for affiliation (N-Affil) requires having a harmonious relationship with his or her colleagues, a significant personal relationship, cooperative work environment and need to feel accepted by their colleagues.
In the context of David McClelland's three needs theory, Maria is most likely driven by a need for affiliation.
You just sold 900 shares of Alcove stock at a price of $34.08 a share. Last year you paid $39.20 a share to buy this stock. You received dividends totaling $1.04 per share. What is your total capital gain on this investment?a. $5,544 44b. -$3,672c. -$5,544d. -$4,608e. $4,608
Answer:
d. -$4,608
Explanation:
The computation of the total capital gain is shown below:
Total capital gains is
= (End value - Beginning value) × 900 shares
= ($34.08 - $39.20) × 900 shares
= -$4,608
Hence, the total capital gain on this investment is -$4,608
Therefore the option d is correct
And, the same is to be relevant
Producer surplus directly measures a. the well-being of buyers and sellers. b. the well-being of society as a whole. c. the well-being of sellers. d. sellers' willingness to sell.
Answer:
c. the well-being of sellers.
Explanation:
A surplus is the amount by which the quantity supplied of a good exceeds the quantity demanded of the good.
Producer surplus is the amount a buyer is willing to pay for a good minus the cost of producing the good.
On the other hand, consumer surplus is the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it.
Hence, an export subsidy will increase producer surplus.
In conclusion, producer surplus directly measures the well-being of sellers.
If there are external benefits associated with the consumption of a good or service, Group of answer choices the market demand curve will be the vertical summation of the individual demand curves. consumers are paying for all these benefits. the market demand curve will underestimate the social demand curve. the market demand curve will overestimate the true demand curve.
Answer: the market demand curve will underestimate the social demand curve.
Explanation:
The good or service in question, having an external benefit means that it benefits third parties as well as those who actually bought the good or service. This means that it has a higher social benefit than other goods.
The market demand curve would not cater for the demand for this good adequately because it would only adjust for the private benefits. The social demand curve on the other hand, would be adjusted for the external benefits to show that more people want this good or service.
The market demand would therefore underestimate the social demand curve because it would not adjust for the extra demand that comes with the external benefits.
causes of wage rigidity
Answer:
According to the Efficiency-wage theories: High wages paid to the workers' make them more productive, therefore, the firms are reluctant or fail to decrease wages despite of an excess supply of labour.
If a nail salon hires an additional worker, that worker can service 8 additional customers per day. The average nail service fee is $30. The most the salon would be willing to pay that groomer is
Answer:
Therefore, the salon will pay = $240
Explanation:
Below is the given values:
Service additional worker per day = 8 customers per day
Average fee = $30
The firm would like to pay the groomer up to the amount that is generated by them so the amount generated 30 x 8 = $240
Therefore, the salon will pay = $240
Nieto Company’s budgeted sales and direct materials purchases are as follows.
Budgeted Sales Budgeted D.M. Purchases
January $250,600 $32,200
February 238,100 45,300
March 299,600 38,300
Nieto’s sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale; 4% are uncollectible. Nieto’s purchases are 50% cash and 50% on account. Purchases on account are paid 40% in the month of purchase, and 60% in the month following purchase.
A) Prepare a schedule of expected collections from customers for March
B) Prepare a schedule of expected payments for direct materials for March.
Answer:
Nieto Company
A) Schedule of expected collections for March:
30% Cash Sales $89,880
Credit Sales $167,307
Total collections for March $257,187
B) Schedule of expected payments for direct materials for March:
40% month of purchase $15,320
60% ffg month $27,180
Total expected payments $42,500
Explanation:
a) Data and Calculations:
January February March Total
Budgeted sales $250,000 $238,100 $299,600
Cash collections:
30% Cash $75,000 $71,430 $89,880
70% Credit $175,000 $166,670 $209,720
Cash collections from credit sales:
Month of sale, 10% $17,500 $16,667 $20,972
Following month, 50% 87,500 83,335
Second month, 36% 63,000
Total collections for March (credit sales) $167,307
Budgeted D.M. Purchases $32,200 $45,300 $38,300
Cash payments:
40% purchase month $12,880 $18,120 $15,320
60% ffg month $19,320 $27,180
Total payments $12,880 $37,440 $42,500
