The one that is most likely to be included in the positive side of the U.S. current account balance is the money earned by U.S. firms in Europe. Therefore, the correct answer is D.
Current account refers to that part of the balance of payments that measures the inflow and outflow of goods, services, investment incomes, and unilateral transfers. The current account comprises four components: trade in goods, trade in services, investment income, and unilateral transfers.
The US current account balance reflects the overall trade balance of the US. A trade deficit occurs when imports exceed exports, resulting in a negative current account balance. A trade surplus is recorded when exports exceed imports, resulting in a positive current account balance. Thus, money earned by US firms in Europe is most likely to be included in the positive side of the US current account balance.
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Sheffield Corp. took a physical inventory on December 31 and determined that goods costing $208,000 were on hand. Not included in the physical count were $22,000 of goods purchased from Wildhorse Co., FOB, shipping point, and $24,500 of goods sold to Waterway Industries for $35,000, FOB destination. Both the Wildhorse purchase and the Waterway sale were in transit at year-end. What is the ending inventory
Sheffield Corp. ending inventory, based on physical inventory take on December 31 is $219,500.
Sheffield Corp. took a physical inventory on December 31 and determined that goods costing $208,000 were on hand. Not included in the physical count were $22,000 of goods purchased from Wildhorse Co., FOB, shipping point, and $24,500 of goods sold to Waterway Industries for $35,000, FOB destination.
Both the Wildhorse purchase and the Waterway sale were in transit at year-end.
The ending inventory of Sheffield Corp. can be calculated as follows:
Ending inventory = Physical inventory + Purchase in transit - Sales in transit
In the given case,
Physical inventory = $208,000
Purchase in transit = $22,000
Ending inventory = $208,000 + $22,000 - ($35,000 - $24,500)
Ending inventory = $208,000 + $22,000 - $10,500
Ending inventory = $219,500
Therefore, the ending inventory of Sheffield Corp on December 31. is $219,500.
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an agent is not required to keep which of the following information confidential? a. customer lists b. business plans c. unique business methods d. information that his or her principal is engaged in criminal activity
Answer: The answer is D. Information that his or her principal is engaged in criminal activity. Agents are not obligated to keep information confidential if it is related to criminal activity.
Explanation: An agent is an individual who has been appointed to act on behalf of someone else in business transactions or other legal matters. They are sometimes referred to as power-of-attorney or attorney-in-fact, and they are normally required to maintain the confidentiality of the principal's affairs.
It is the agent's responsibility to ensure that any confidential data shared with them by their principal or client is kept private and is only shared with people who are authorized to receive it.
Agents, on the other hand, do not have a duty of confidentiality with regards to information that their principal is engaged in criminal activity, as this information may be reported to the authorities if necessary.
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A memorandum on the sale of goods that does not indicate the _____ of goods to be sold will not satisfy the UCC's writing requirement.
A. quality
B. quantity
C. delivery
D. cost
A memorandum on the sale of goods that does not indicate the quantity of goods to be sold will not satisfy the UCC's writing requirement. The correct answer is option B.
A Memorandum, also known as a Confirmation, is a written confirmation of a contract for the sale of goods. It's a brief statement of the terms of the contract, including the price, quality, and type of goods.
The Uniform Commercial Code (UCC) is a set of laws governing commercial transactions that set out the duties and rights of parties involved in commercial transactions.
The UCC has a writing provision that necessitates that certain contracts be in writing.
Thus, a memorandum on the sale of goods does not indicate the quantity of goods. Option B is correct.
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To decrease the costs of operating a lock in a large river, a new system of operation is proposed. The system will cost $830,000 to design and build. It is estimated that it will have to be reworked every 10 years at a cost of $120,000. In addition, an expenditure of $80,000 will have to be made at the end of the fifth year for a new type of gear that will not be available until then. Annual operating costs are expected to be $70,000 for the first 15 years and $100,000 a year thereafter. Compute the capitalized cost of perpetual service at i=7%.
The capitalized cost of perpetual service is $4,201,394.23 at i=7%.
To compute the capitalized cost of perpetual service, we need to find the present value of all future costs associated with the system.
Step 1: Calculate the present value of the initial cost of designing and building the system:
PV of initial cost = $830,000
Step 2: Calculate the present value of the recurring maintenance costs:
PV of recurring maintenance costs = $120,000 / 0.07 = $1,714,285.71
Step 3: Calculate the present value of the gear replacement cost at the end of the fifth year:
PV of gear replacement cost = $80,000 / 1.07^5 = $58,099.47
Step 4: Calculate the present value of the annual operating costs for the first 15 years:
PV of annual operating costs for first 15 years = $70,000 x [(1 - (1 / 1.07^15)) / 0.07] = $579,963.94
Step 5: Calculate the present value of the annual operating costs after the first 15 years:
PV of annual operating costs after 15 years = $100,000 / (0.07 - 0.03) / 1.07^15 = $1,019,045.11
Step 6: Add up all the present values to find the capitalized cost of perpetual service:
Capitalized cost of perpetual service = PV of initial cost + PV of recurring maintenance costs + PV of gear replacement cost + PV of annual operating costs for first 15 years + PV of annual operating costs after 15 years
= $830,000 + $1,714,285.71 + $58,099.47 + $579,963.94 + $1,019,045.11
= $4,201,394.23
Therefore, the capitalized cost of perpetual service is $4,201,394.23 at i=7%.
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what is an example of internal secondary data for marketing research?
Examples of common secondary data sources include internal corporate data from the company, such as advertising and marketing research, customer account information, and data on product purchases and consumption.
The careful collection, logging, and assessment of qualitative and quantitative data about problems related to the marketing of goods and services constitutes marketing research. The objective is to detect and evaluate how shifting marketing mix components affect consumer behavior. Companies utilize market research to speak directly with potential customers to assess the viability of a new product or service. Companies may quickly collect input from customers to help them identify their targeted audience through market research. This kind of research can be carried out internally, directly by the business, or through a recognized market research firm.
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if sandstorm corporation chooses to defer and amortize its research and experimental expenditures over a period of 60 months, what are its related deductions in 2021 and 2022?
If Sandstorm Corporation chooses to defer and amortize its research and experimental expenditures over a period of 60 months, its related deductions in 2018 is $127,500 and in 2019 is $1,954.17.
Deduction in 2018:According to the given data, Sandstorm Corporation incurs the following expenses in 2018:
Salaries = $85,000
Materials = $30,000
Depreciation on equipment = $12,500
Therefore, the total expenses in 2018 are:
Total expenses = Salaries + Materials + Depreciation on equipment
= $85,000 + $30,000 + $12,500
= $127,500
Now, the related deductions of Sandstorm Corporation in 2018 are:
Related deductions in 2018 = Total expenses = $127,500
Deduction in 2019:The total expenditures that Sandstorm Corporation will incur in 2019, after the benefits of the project start from July 2019, are calculated below.
The total number of months Sandstorm Corporation has to amortize its research and experimental expenditures = 60 months
Given that the benefits of the project will be realized starting in July 2019, therefore, the remaining months left for the project = (60 - 6) = 54 months
The total expenditures that Sandstorm Corporation will incur in 2019 are:
Total expenditures in 2019 = Salaries + Materials + (Depreciation on equipment / 5 years) x (number of months remaining for the project / 12 months)
Therefore, substituting the given values in the above equation,
Total expenditures in 2019 = $85,000 + $30,000 + ($12,500 / 5) x (54 / 12)= $85,000 + $30,000 + $2,250= $117,250
Therefore, the related deductions of Sandstorm Corporation in 2019 are:
Related deductions in 2019 = Total expenditures in 2019 / 60= $117,250 / 60= $1,954.17
Hence, the related deductions of Sandstorm Corporation in 2018 and 2019 are $127,500 and $1,954.17 respectively.
Note: The question is incomplete. The complete question probably is: Sandstorm Corporation decides to develop a new line of paints. The project begins in 2018. Sandstorm incurs the following expenses in 2018 in connection with the project: Salaries $85,000 Materials 30,000 Depreciation on equipment 12,500 The benefits from the project will be realized starting in July 2019. If Sandstorm Corporation chooses to defer and amortize its research and experimental expenditures over a period of 60 months, what are its related deductions in 2018 and 2019?
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Does the efficient markets hypothesis imply that the average investor will not earn anything by purchasing stock?
A) Yes, the efficient markets hypothesis implies that the best that the average investor can do is break even.
B) Yes, the efficient markets hypothesis implies that stock purchases are extremely risky and that the average investor has no hope of recovering any loss.
C) No, the efficient market hypothesis implies that the average investor should not expect to receive abnormally high returns on a consistent basis.
D) No, the efficient market hypothesis implies that the investor will consistently earn abnormally high returns by purchasing stock.
No, the efficient markets hypothesis does not imply that the average investor will earn anything by purchasing stock.
The efficient markets hypothesis states that the markets are efficient and that asset prices reflect all available information. As a result, stock prices reflect the collective expectations of investors, so it is not possible to consistently earn abnormally high returns by investing in the markets. The hypothesis implies that the best an average investor can do is to break even, as the market prices are usually in line with the investors’ expectations.
However, it is possible for investors to make money by buying stock. By researching the markets and individual companies and evaluating the potential risks, investors can make more informed decisions and possibly earn a return higher than the market average. But to do so requires a great deal of knowledge and understanding of the markets and investing.
In conclusion, the efficient markets hypothesis does not imply that the average investor will earn anything by purchasing stock. While it is possible for investors to make money by researching and making informed decisions, the markets are too efficient to make abnormally high returns consistently.
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Which of the following is true about Maven?
- Maven is a project management and comprehension tool.
- Maven provides developers a complete build lifecycle framework.
- Both of the above.
- None of the above.
Maven is a project management and comprehension tool that provides developers a complete build lifecycle framework. Therefore, the correct option is "Both of the above.
"Maven: Maven is a project management and comprehension tool. Maven is built with Java, and it was created by Apache Software Foundation. Maven's key feature is the POM (Project Object Model). It's a metadata file for projects that specifies how they are constructed, their dependencies, and how they are to be constructed. Maven's central function is to construct projects by compiling source code, generating binary archives, and running unit tests, among other things.Maven provides developers a complete build lifecycle framework that includes project development, document creation, testing, and deployment. This framework includes a set of plug-ins that provide preconfigured scripts for different phases of the development lifecycle. The POM (Project Object Model) specifies the plug-ins to be used at each phase of the lifecycle.The correct option is "Both of the above." Maven is a project management and comprehension tool that provides developers with a complete build lifecycle framework.
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if an economic integration has factor mobility, free move of product, labor, and capital, it should be .
An economic integration with factor mobility, free movement of products, labor, and capital should be a Either common market or economic union.
What is either common market or economic union?A common market allows for the free movement of goods, services, capital, and labor between the participating countries. This is different from other forms of economic integration, such as a customs union, which only allows for the free movement of goods.
By lowering or removing internal tariffs on products and establishing a unified collection of external tariffs, common markets facilitate the free flow of labor, capital, and many other productive assets. Economic unions closely integrate the country's economic strategies of the nations that make up its membership.
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serena is preparing her budget for the upcoming year. this would be good time for her to a. run best-case and worst-case scenarios. b. enforce a cost-containment strategy. c. communicate with her suppliers and scrutinize her relationships with them. d. up her expectations for the upcoming year.
serena is preparing her budget for the upcoming year. this would be a good time for her to run best-case and worst-case scenarios. Option A is the correct answer.
Serena is preparing her budget for the upcoming year, and it would be a good time for her to run best-case and worst-case scenarios.
This involves analyzing different financial projections based on various scenarios and assumptions, such as changes in revenue, expenses, and market conditions.
By doing so, Serena can be better prepared for unexpected events and make informed decisions about how to allocate her resources.
This approach can also help her identify potential risks and opportunities, and adjust her budget accordingly to optimize her financial outcomes.
Therefore, option A is the correct option, run best-case and worst-case scenarios.
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Consolidating entries (market value differs from book value)Assume that on January 1, 2013, an investor company acquired 100% of the outstanding voting common stock of an investee company. The following financial statement information was prepared immediately after the acquisition and presents the acquisition-date balance sheet for the pre-consolidation investor company, the investee company and the consolidated financial statements for the investor and investee.Invest Investee ConsolidatedCash & receivables $500,000 $62,500 $562,500Inventory 375,000 156,250 531,250Property & equipment $1,437,500 $500,000 2,000,000Investment in investee $437,500 _ _Identifiable intangible _ _ 68,750Goodwill _ _ 30,000Total assets $2,750,000 $718,750 $3,192,500Current liabilities $250,000 $125,000 $375,000Accrued expenses 187,500 _ 187,500Bonds payable _ $312,500 317,500Common stock 1,043,750 62,500 1,043,750Additional paid-in capital 893,750 78,125 893,750Retained earnings 375,000 140,625 375,000Total liabilities and equity $2,750,000 $718,750 $3,192,500In preparing the consolidated financial statements, what is the amount of the debit or credit made to the "investment in investee" account as part of the [A] consolidating entry? (Recall from the chapter that the [A] consolidating entry reclassifies the acquisition accounting premium from the investment account to the individual net assets that require adjustment from book value to fair value.)A. $30,000B. $161,250C. $156,250D. $437,500
When preparing the consolidated financial statements, the investment in investee account requires a debit of $437,500 as part of the consolidating entry.
A consolidation elimination journal is a journal specially created by a company to eliminate or eliminate all reciprocal account balances between its headquarters and subsidiaries or branches. A consolidated report is a report that allows multiple investors to get a complete picture of the parent company.
This debit reclassifies the acquisition accounting premium from the investment account to the individual net assets that require adjustment from book value to fair value. Therefore the correct answer is D. $437,500.
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true or false when a provider has market dominance, and hence can set its own prices (within reason), it is called a price taker.
The statement "when a provider has market dominance, and hence can set its own prices (within reason), it is called a price taker" is false because that is called a price setter, not a price taker.
What is a price setter?A price setter is a business or industry that has control over the market price of goods or services. This is achieved through the use of monopolistic competition, oligopoly, or a monopoly. In an oligopoly, for example, the top four firms account for 80% of the market. These businesses have considerable power over the market since their pricing and output strategies influence market conditions. The company can set its prices above those of its competitors due to its monopoly position. This will be to maximize profits by charging the highest price that consumers are willing to pay.
What is a price taker?A price taker, on the other hand, is a firm or industry that accepts the market price determined by supply and demand forces. Small businesses and startups are more likely to be price takers since they lack market power to set prices. The market price is the going rate for a product or service. Businesses that do not have a monopoly or oligopoly position are price takers, and they must accept the market price. They have no influence over the market price since their output is minor, and they must accept the market price to be competitive.
What is market dominance?Market dominance is when a company or group of firms controls a significant portion of the market. A company that holds a significant portion of the market may have an unfair advantage over its competitors, which can lead to a monopolistic or oligopolistic market. When a company has market power, it can charge higher prices or reduce product quality without fear of losing customers. Governments frequently take measures to promote competition and prevent businesses from dominating the market, to protect consumers from paying excessive prices.
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patton dyes manufactures colorings, primarily for textiles. information on the work in process follows: beginning inventory, 180,000 partially complete liters. ending inventory, 150,000 liters; units are 25 percent complete with respect to materials and 60 percent complete with respect to conversion costs. started this month, 703,000 liters. assume that beginning inventory is 20 percent complete with respect to materials and 40 percent complete with respect to conversion costs. required: compute the equivalent units for materials using fifo. compute the equivalent units for conversion costs using fifo.\
FIFO method of equivalent unit calculation: FIFO stands for first in, first out. In the FIFO method, you calculate the equivalent units of work in process under the assumption that the first unit that was started is also the first unit that is finished. FIFO equivalent units for conversion costs = 553,000 + (150,000 x 0.60) - (180,000 x 0.40)= 553,000 + 90,000 - 72,000= 571,000 liters
The FIFO method is useful when you want to determine how much material or conversion costs were used during a specific period of time. You can use the following formula to calculate the equivalent units of work in process:
FIFO equivalent units = Units completed + (Ending inventory x Percentage complete) - (Beginning inventory x Percentage complete)
Here's how you can calculate the equivalent units of work in process for Patton Dyes:Equivalent units for materials using FIFO:Units completed: 553,000 liters. Ending inventory: 150,000 liters. Percentage complete: 25% (given)
Beginning inventory: 180,000 liters. Percentage complete: 20% (given). FIFO equivalent units for materials = 553,000 + (150,000 x 0.25) - (180,000 x 0.20)= 553,000 + 37,500 - 36,000= 554,500 liters. Equivalent units for conversion costs using FIFO:Units completed: 553,000 liters. Ending inventory: 150,000 liters. Percentage complete: 60% (given). Beginning inventory: 180,000 liters. Percentage complete: 40% (given).
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When there is a technological advance in the pork industry, consumer surplus in that market will a. increase b. decrease c. not change, since technology affects producers and not consumers. d. not change, since consumers' willingness to pay is unaffected by the technological advance.
Consumer surplus in that market will rise as the pork industry makes a technological advancement..
When customers pay less than they'd normally be ready to for a good or service, there is a consumer surplus.. The foundation for the notion of consumer surplus is the economic concept of marginal product additional satisfaction that a customer receives from purchasing one more unit of a good or service. A constant, consumer surplus grows when prices are lowering and decreases when prices are rising. Economists conceptualize it as the triangle-shaped region beneath the demand curve that is between its market cost and the cost that buyers are willing to pay.
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which of the following best defines confidentiality in context with information and data? group of answer choices the certainty that information is accurate the confirmation that a company will not sell your information to others the ability to limit access to information to a certain set of users the reliability of access to information
Confidentiality refers to the ability to limit access to information to a certain set of users. It ensures that only those with proper authorization can view the data.
This is done to protect the integrity and security of the information and data, as well as ensure that the information is not misused or stolen. Confidentiality is often used in a legal context, such as to protect trade secrets or to ensure the privacy of individuals and businesses.
Confidentiality is key when it comes to sensitive information and data, such as financial records or health records. It is also used in other areas, such as when dealing with private documents or confidential agreements.
Confidentiality is also important when it comes to communication.There are various ways to protect confidential information, such as through the use of secure servers and encryption.
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a country that alters the demographic of its workforce in a manner that increases the labor force, such as by raising the legal minimum retirement age, is likely to experience? a sustainable, high income growth rate b.more productive workers in all facets of the economy c.All of these are true
The country that alters the demographic of its workforce in a manner that increases the labor force is likely to experience a sustainable, high-income growth rate. (option a)
When a country increases the size of its labor force, it can potentially increase its economic output and productivity, which can lead to higher incomes and growth rates. This is because a larger labor force can produce more goods and services, and can help to offset the effects of an aging population or declining birth rates.
Raising the legal minimum retirement age can help to increase the labor force by encouraging older workers to continue working, which can help to offset the effects of an aging population. This can lead to a more sustainable and productive workforce, which can contribute to higher economic growth rates and incomes over the long term.
Therefore, option (a) "a sustainable, high-income growth rate" is the most likely outcome for a country that alters the demographic of its workforce in a manner that increases the labor force, such as by raising the legal minimum retirement age.
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unlike the classical economists, keynes asserted that
The Keynes argued that, in contrast to the Classical economists, the economy was intrinsically unstable. While Keynesian Economics (also known as neoclassical economics) is founded on the notion that if demand is insufficient to meet total output.
The governments should intervene with fiscal measures, classical economics emphasizes the free market and supply and demand. The long-term state of the economy, in which all workers and resources are employed, is shown by the classical model. The Keynesian Model explains what occurs in the short term during expansions and recessions when the economy is performing above or below its potential.
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The question is incomplete complete question is given below
Unlike the classical economists, keynes asserted that the economy was inherently unstable.
Which of the following statements is CORRECT? a. Since the ROA measures the firm's effective utilization of assets without considering how these assets are financed, two firms with the same EBIT must have the same ROA
b. Suppose a firm wants to maintain a specific TIE ratio. It knows the amount of its debt, the interest rate on that debt, the applicable tax rate, and its operating costs. With this information, the firm can calculate the amount of sales required to achieve its target Tie ratio, c. Suppose ali firms follow similar financing policies, face similar risks, have equal access to capital, and operate in competitive product and capital markets. However, firms face different operating conditions because, for example, the grocery store industry is different from the airtime industry. Under these conditions, firms with high profit margins will tend to have high asset turnover ratios, and firms with low profit margins will tend to have low turnover ratios. d. Klein Cosmetics has a profit margin of 5.0, a total assets turnover ratio of 15 times, no debt and therefore an equity multiplier of 1.0, and an ROE of 75%. The CFO recommends that the firm borrow funds using long-term debt, use the funds to buy back stock and raise the equity multiplier to 20. The size of the firm cassets) would not change. She thinks that operations would not be affected, but interest on the new debt would lower the profit margin to 4,5%. This would probably not be a good move, as it would decrease the ROE from 7.5% to 6.5% e. Even though Firm A's current ratio exceeds that of Firm B, Firm O's quick ratio might exceed that of A. However, if A's quick ratio exceeds B's, then we can be certain that A's current ratio is also larger than B's
The correct statement is: c. Suppose all firms follow similar financing policies, face similar risks, have equal access to capital, and operate in competitive product and capital markets.
However, firms face different operating conditions because, for example, the grocery store industry is different from the airtime industry. Under these conditions, firms with high-profit margins will tend to have high asset turnover ratios, and firms with low-profit margins will tend to have low turnover ratios.
Explanation:
a. This statement is incorrect because ROA does not solely depend on EBIT, but also on the amount of assets employed by the firm, which may differ between two firms with the same EBIT.
b. This statement is incorrect because the TIE ratio is calculated as EBIT/Interest Expense, and the firm cannot determine the required sales to maintain a specific TIE ratio without knowing its expected EBIT.
d. This statement is incorrect because the CFO's recommendation to increase the equity multiplier by using debt to buy back stock would increase the financial risk of the firm and decrease its ROE, contrary to what is stated.
e. This statement is partially correct. The quick ratio considers only the most liquid current assets, whereas the current ratio considers all current assets.
Therefore, it is possible for Firm A to have a higher current ratio than Firm B but a lower quick ratio. However, if Firm A's quick ratio is higher than Firm B's, then it is certain that Firm A's current ratio is also higher than Firm B's, as the quick ratio is a subset of the current ratio.
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a mortgage with low initial payments that increase over time without ever leveling off is a a. shared-appreciation mortgage. b. growing-equity mortgage. c. graduated payment mortgage. d. second mortgage.
A graduated payment mortgage is a mortgage with low initial payments that increase over time without ever leveling off. The answer is option c. graduated payment mortgage.
What is a graduated payment mortgage?A graduated payment mortgage is a mortgage that starts with low initial payments and then rises over time without ever leveling off. The aim of this type of mortgage is to allow borrowers to make smaller payments when they first purchase the property and then gradually increase their payments as their income grows. The rate at which the payments rise is determined ahead of time and is typically much quicker than it would be for a traditional mortgage.
One of the advantages of a graduated payment mortgage is that it allows homebuyers to purchase a property that they may not be able to afford if they had to pay the full monthly payment from the start. The gradual rise in payments also takes into account the potential increase in a borrower's income over time, making it more feasible to pay off the loan. However, since the payments never level off, this type of mortgage will end up costing the borrower more over time than a traditional mortgage.
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ctivity Rates and Product Costs using Activity-Based Costing Lonsdale Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows:
Activity BudgetedCost Activity Base Activity Casting 570,000 Machine hours Assembly 80,000 Direct labor hours
Inspecting 42,000 Number of inspections
setup 38,000 Number of setups
material handling 23,750 Number of loads
Corporate records were obtained to estimate the amount of activity to be used by the two products. The estimated activity-base usage quantities and units produced follow: Activity Base Entry Dining Total Machine hours 6000 13000 19000
Direct labor hours 3000 2000 5000
Number of inspections 600 400 1000
Number of setups 300 200 500
Number of loads 450 500 950
Units produced 6000 3000 9000
a. Determine the activity rate for each activity. b. Use the activity rates in (a) to determine the total and per-unit activity costs associated with each product. Round the per unit amounts to the nearest cent.
a. To determine the activity rate for each activity, divide the budgeted cost by the total activity base.
Activity Budgeted Cost Activity Base Activity Rate
Casting 570,000 Machine hours 30.53
Assembly 80,000 Direct labor hours 16
Inspecting 42,000 Number of inspections 42
Setup 38,000 Number of setups 76
Material Handling 23,750 Number of loads 25
b. To determine the total and per-unit activity costs associated with each product, multiply the activity rate by the activity base for each product.
Entry Dining Total
Machine hours 30.53 x 6000 = 183,180 30.53 x 13,000 = 396,890 579,070
Direct labor hours 16 x 3000 = 48,000 16 x 2000 = 32,000 80,000
Number of inspections 42 x 600 = 25,200 42 x 400 = 16,800 42,000
Number of setups 76 x 300 = 22,800 76 x 200 = 15,200 38,000
Number of loads 25 x 450 = 11,250 25 x 500 = 12,500 23,750
Total Activity Cost 307,430 297,190 604,620
Per-unit Activity Cost Entry Dining
Machine hours 30.53 x 6000 = 30.53 30.53 x 13,000 = 30.53
Direct labor hours 16 x 3000 = 8 16 x 2000 = 8
Number of inspections 42 x 600 = 4.2 42 x 400 = 4.2
Number of setups 76 x 300 = 3.8 76 x 200 = 3.8
Number of loads 25 x 450 = 2.5 25 x 500 = 2.5
Total Activity Cost 51.03 49.03
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which aspect of preparing an accounting worksheet typically requires the greatest involvement by the accountant?
Adjustments is an aspect of preparing an accounting worksheet typically requires the greatest involvement by the accountant. It is one of the most crucial task of an accountant.
Adjustments are accounting entries made at the end of the accounting period to adjust accounts for the effects of internal and external events that have not been recorded. They are necessary to ensure that the financial statements are accurate and complete.
Adjustments are classified into two types, namely accruals and deferrals. Accruals are revenues or expenses that have been earned or incurred but not yet recorded, while deferrals are revenues or expenses that have been recorded but not yet earned or incurred.
However, it is important to take the time to ensure that the financial statements are accurate, as errors or omissions can lead to serious consequences for the organization, such as legal problems or financial problems.
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which of the following is a defense under strict products liability? question 37 options: rescission comparative responsibility contributory negligence comparative fault assumption of the risk
The defense under strict product liability is the assumption of the risk.
What is strict product liability?Strict product liability is a legal doctrine that holds manufacturers, distributors, and sellers liable for any injuries or damages caused by their defective products without requiring the plaintiff to prove negligence or fault on their part. It is an essential consumer protection tool that incentivizes manufacturers to make safe products by holding them accountable for any defects or hazards that they produce.
Strict product liability holds the seller of a product strictly liable for any damages or injuries caused by the product, regardless of the seller’s level of fault or negligence. The assumption of the risk defense states that the plaintiff was aware of the risks and chose to use the product anyways, thus releasing the seller from liability.
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The Lucas critique argues that because the way people form expectations is based on government policies, economists_____ predict the effect of a change in policy without taking changing expectations into account. Select one: O a. in no way can o b. only partly, can O c.partly; cannot O d. in no way; cannot
The Lucas critique argues that because the way people form expectations is based on government policies, economists partly cannot predict the effect of a change in policy without taking changing expectations into account.
Lucas critique refers to a criticism of econometric models that focus on macroeconomic policy analysis. In essence, it argues that the statistical relationships estimated from past data to determine future policy are not necessarily stable over time.
This critique was put forward by the economist Robert E. Lucas Jr. in his 1976 paper. The Lucas critique asserts that forecasting based on historical macroeconomic data is deficient because people will adjust their behavior based on the policy's expected consequences.
Lucas suggests that past relationships between economic variables cannot be relied on as a guide to future policies because economic agents adjust their expectations in response to government policy changes.
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The amount a person would have to deposit today to be able to take out $600 a year for 7 years from an account earning 6 percent. (Round time value factor to 3 decimal places and final answer to 2 decimal places.)
The amount that needs to be deposited today to be able to withdraw $600 a year for 7 years at an annual interest rate of 6% is $3,349.43.
We can use the present value formula to calculate the amount that needs to be deposited today to be able to withdraw $600 a year for 7 years at an annual interest rate of 6%:
PV = PMT x (1 - (1 + r)⁻ⁿ) / r
where PV is the present value, PMT is the annual payment, r is the annual interest rate, and n is the number of years.
Substituting the given values, we get:
PV = $600 x (1 - (1 + 0.06)⁻⁷) / 0.06
PV = $3,349.43
Hence, the person needs to deposit $3,349.43
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The increase in unemployment associated with a recession is called _____.
a. structural unemployment
b. frictional unemployment
c. discouraged unemployment
d. cyclical unemployment
d. cyclical unemployment.
Cyclical unemployment is the brief rise in unemployment that happens during a recession or economic cycle downturn as demand for products and services declines and businesses fire employees.
Cyclical unemployment is a rise in unemployment that happens during an economic downturn or recession as a result of a drop in aggregate demand. Businesses are less inclined to hire new employees and may even fire present employees when the economy as a whole is struggling, which raises the unemployment rate. This is distinct from frictional unemployment, which is the temporary unemployment that happens when employees hunt for new jobs, and structural unemployment, which happens when there is a mismatch between the abilities of workers and the available jobs. Those who have given up seeking work and are no longer included in the official unemployment statistics are referred to as discouraged unemployed.
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The steps involved in finding the bottleneck in a process with a product mix include all the following EXCEPT:
B) Compute the capacity level for each resource
C) Compute the flow rate for each resource
D) Compute in the implied utilization for each resource
The stages below, with the exception of computing the flow rate for each resource, are involved in identifying the bottleneck in a process with a product mix.
The entire number of business units and various services and products that an organization offers is its portfolio mix. also referred to as a product selection or product portfolio. Product combinations differ amongst businesses. A product is something that a business produces and distributes to its clientele. A company's maximum number of business units or individual items is referred to as its product mix. The overall variety of product lines and varieties that a firm offers for sale to its clients is known as the product mix.
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true or false the operating plan focuses on how a business plans to meet the goals and objectives contained in the strategic plan.
True, the operating plan focuses on how the business plans to meet the goals and objectives contained in the strategic plan.
What is an operating plan? An operating plan is a business plan that specifies how to implement the strategies, initiatives, and activities described in the strategic plan. It is a tactical plan that outlines the specific actions, timelines, and resources required to accomplish the strategic goals and objectives. It serves as a guide for operational management by outlining how the company will meet its objectives through day-to-day operations.
As a result, it includes the specifics of the company's operations, such as hiring plans, production schedules, sales forecasts, and financial targets. The operating plan and the strategic plan are linked. The operating plan focuses on how a company will put the strategies outlined in the strategic plan into practice. It lays out the specific steps that will be taken to achieve the strategic plan's goals and objectives. They're both important in business planning because the strategic plan outlines what the company wants to accomplish, and the operating plan outlines how it will get there.
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when consumers associate a brand with a certain level of quality and familiar attributes, consumers are able to make quick decisions. in this situation, the brand
a. Established novelty
b. Is the only one the consumer will consider
c. Facilitates purchasing
d. Reduces delivery costs
Creates brand reputation
When consumers associate a brand with a certain level of quality and familiar attributes, consumers are able to make quick decisions. In this situation, the brand facilitates purchasing. The correct option is c. Facilitates purchasing
What does a brand do?
A brand facilitates purchasing when consumers associate it with a certain level of quality and familiar attributes. Consumers are able to make quick decisions as a result of this. In conclusion, when a brand is associated with a particular level of quality and familiar characteristics, consumers are more likely to make quick purchasing decisions.
As a result, the brand has established a reputation that facilitates the buying process. This increases sales and revenue for the company, as well as establishes customer loyalty to the brand.
Therefore, the correct option is c.
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CAPM. The Capital Asset Pricing Model (CAPM) is a financial model that assumes returns on a portfolio are normally distributed. Suppose a portfolio had an average annual rate of return of 14.7% (i.e an average gain of 14.7%) with a standard deviation of 33%. A return of 0% means the value of the portfolio doesn't change, a negative return means that the portfolio loses money, and a positive return means that the portfolio gains money. What percent of years does the portfolio lose money, i.e. have a return less than 0% What is the cutting for the highest 27% of annual returns with this portfolio?
Capital Asset Pricing Model (CAPM)The Capital Asset Pricing Model (CAPM) is a financial model that assumes returns on a portfolio are normally distributed. To calculate the percentage of years during which the portfolio loses money (i.e., the return is less than 0%), we can use the normal distribution formula.
68% of the data points fall within one standard deviation of the mean in a normally distributed dataset. Therefore, we can calculate the probability of a return of less than 0% by finding the proportion of data points that are one standard deviation below the mean: Return of the portfolio = 14.7%Standard deviation of the portfolio = 33%Probability of a return of less than 0% = P(Return < 0)P(Z < -0.59) = 0.2218, where Z is the standard normal distribution. The answer to the first part of the question is that the portfolio loses money approximately 22.18% of the time. Next, we can use the normal distribution formula to determine the cutoff point for the highest 27% of annual returns. Since we are looking for the highest returns, we will find the z-score that corresponds to the 73rd percentile (i.e., the cutoff point for the highest 27% of returns).
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Which of these is (are) most likely to increase productivity? A) higher corporate tax rates. B) increase in pop. C) investments in research and development.
What is productivity?
Productivity is the amount of production that can be generated from a certain amount of inputs. It is an assessment of efficiency in which a company transforms inputs into outputs.
What are Investments in research and development?
The money put into research and development (R&D) to enhance the goods and services a company provides is referred to as investments in research and development. R&D initiatives may lead to the creation of new goods or procedures that can make a company more profitable by allowing it to gain a larger market share, for example.
Investments in research and development can help a company improve its production process by increasing efficiency, reducing costs, and enhancing product quality. As a result, it can assist to increase productivity.
Option C, investments in research and development, is most likely to increase productivity.
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