Answer:
Explanation:
Rent seeking harms economic growth by reducing competition and innovation. It leads to the wasteful use of valuable resources and talents in unproductive activities and invariably redistributes resources from large unorganised populations to small organised groups.
Cashan Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 1.5 kilograms of the raw material Jurislon. Budgeted production of Miniwarps for the next five months is as follows: August 24,500 units September 24,700 units October 24,600 units November 26,400 units December 24,500 units
The company wants to maintain monthly ending inventories of Jurislon equal to 30% of the following month's production needs. On July 31, this requirement was not met since only 10,400 kilograms of Jurislon were on hand. The cost of Jurislon is $4.00 per kilogram. The company wants to prepare a Direct Materials Purchase Budget for the next five months.
The desired ending inventory of Jurislon for September is:_______.
a. $29,640
b. $29,520
c. $44,460
d. $44,280
Answer:
Option d ($44,280) is the correct option.
Explanation:
Given:
Maintain monthly inventory,
= 30%
October production,
= 24,600 units
Rate per kg,
= $4
For September month,
The desired ending units will be:
= [tex]Maintain \ monthly \ inventory\times Production \ in \ October[/tex]
= [tex]30 \ percent\times 24600[/tex]
= [tex]7380 \ units[/tex]
The required quantity will be:
= [tex]1.5 \ kg\times Desired \ ending \ units[/tex]
= [tex]1.5 \ kg\times 7380[/tex]
= [tex]11070 \ units[/tex]
hence,
The total price will be:
= [tex]Rate \ per \ kg\times Required \ quantity[/tex]
= [tex]4\times 11070[/tex]
= [tex]44280[/tex] ($)
Morphe Cosmetics agrees to manufacture makeup palettes for Jaclyn Cosmetics. Under the terms of the contract, Jaclyn will pay Morphe a total of $60,000, and Jaclyn can cancel the contract if it so chooses but must pay Morphe for work completed. Morphe believes that, if Jaclyn cancelled the contract, Morphe could sell the palettes to another firm and still make a profit. The manufacturing contract is expected to last six months, and as of December 31, 2021, the job is 80% complete. How much revenue should Morphe recognize in 2021 for this contract
Answer:
the revenue that should be recognized is $48,000
Explanation:
The computation of the revenue that should be recognized is shown below;
= Total price of the contract × Percentage of completion of the contract
= $60,000 × 80%
= $48,000
By multiplying the total contract price with the percentage we can get the revenue recognized
hence, the revenue that should be recognized is $48,000
Crane Company has old inventory on hand that cost $7500. Its scrap value is $10000. The inventory could be sold for $25000 if manufactured further at an additional cost of $7500. What should Crane do
Answer:
If the company reworks the units, income will increase by $7,500
Explanation:
Giving the following information:
The initial cost should not be taken into account.
Sell as-is:
Selling price= $10,000
Rework:
Additional cost= $7,500
Selling price= $25,000
We need to determine which option is most profitable.
Sell as-is:
Effect on income= $10,000
Rework:
Effect on income= 25,000 - 7,500= $17,500
If the company reworks the units, income will increase by $7,500
An investment banker agrees to underwrite an issue of 10 million shares of stock for TWResearch, Inc. on a firm commitment basis. The investment banker pays $10.50 per share to TWResearch, Inc. for the 10 million shares of stock. It then sells those shares to the public for $11.20 per share.
If the investment bank can sell the shares for $9.75 per share, what is the profit (loss) to the investment banker?
a) Profit of $1,000,000.
b) Loss of $7,500,000.
c) Profit of $7,000,000.
d) Loss of $7,000,000.\
e) Loss of $1,000,000.
Answer: b) Loss of $7,500,000.
Explanation:
The total the investment bank paid when underwriting was:
= 10.50 * 10,000,000 shares
= $105,000,000
The total they then sell to the public is:
= 9.75 * 10,000,000
= $97,500,000
The profit is:
= Selling revenue from public - Buying cost from company
= 97,500,000 - 105,000,000
= -$7,500,000
Felix is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Felix has only 20 hours this week that he can devote to training. Each hour he spends swimming is an hour that he can't spend biking or running. Which basic principle of individual choice do these statements best illustrate?
a. Juanita can use time most efficiently by spending the same amounts of time on swimming, biking, and running.
b. People face trade-offs
c. People usually exploit opportunities to make themselves better off.
d. Juanita has an incentive to spend more time on swimming than on biking or running.
When he became the president of Jem Incorporated, John Smith changed the date of the weekly payday from the end of the day on Monday to the end of the day on Friday. The company has a weekly payroll of $10 million, and the cost of short-term funds was 13%. If this change delayed check clearing by 1 week, what annual savings were realized
Answer: $1.3 million
Explanation:
Based on the information given in the question, if this change delayed check clearing by 1 week, then the annual savings that were realized will be:
= Weekly payroll × Cost of short term funds
= $10 million × 13%
= $10 million × 0.13
= $1.3 million
Annual savings realized is $1.3 million.
How do different careers in the human services relate to one another
If someone is engaged in a highly dangerous activity (sky diving or scuba diving), then normally assumption of risk waivers must be signed. Are those waivers always effective, or can you imagine a situation where liability could still be imposed
Answer:
The signing of assumption of risk waivers cannot serve as a substitute to the insurance of liability hence lawsuit can be filed
Explanation:
liability could be imposed by the person engaged in the dangerous activity if the handler of the activity exhibits some form of negligence or discriminatory behaviors or if the material used is substandard.
The signing of assumption of risk waivers cannot serve as a substitute to the insurance of liability hence lawsuit can be filed
Ad space can be purchased by companies to place advertisements in the form of pop-ups and banners on another company’s websites. Please select the best answer from the choices provided T F
Answer:
true
hope this helps!
please give brainiest <3
Process or Sell Product D is produced for $24 per gallon. Product D can be sold without additional processing for $36 per gallon or processed further into Product E at an additional cost of $9 per gallon. Product E can be sold for $43 per gallon. Prepare a differential analysis dated February 26 on whether to sell Product D (Alternative 1) or process further into Product E (Alternative 2). For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Answer:
Sell Product D
Explanation:
The computation of the differential analysis dated February 26 is presented below:
Particulars Sell D(ALT 1) Process Further Into E(ALT 2) Differential Effect(ALT 2)
Revenues
per unit $36 $43 $7
Costs per unit $24 $33 $9
Income(Loss)
per unit $12 $10 -$2
Here we should do that Sell Product D
Accounting costs and economic costs differ because A) Economic costs include explicit costs and accounting costs do not. B) Accounting costs include explicit costs and economic costs do not. C) Economic costs include implicit costs and accounting costs do not. D) Accounting costs include implicit costs and economic costs do not.
Answer:
C) Economic costs include implicit costs and accounting costs do not.
Explanation:
Economic cost can be calculated as follow
Economic Cost = Explicit cost + Implicit cost
Whereas, the Implicit cost is calculated as follow
Accounting cost = Explicit cost
Hence, the difference between the economic cost and accounting cost is only the implicit cost.
Implicit cost is the opportunity cost.
Economic costs include implicit costs, such as opportunity costs, while accounting costs only consider explicit costs, such as monetary expenses. Therefore, option C is correct.
Economic costs encompass the full measure of costs incurred in pursuing a particular course of action. They extend beyond explicit monetary expenses and include implicit costs, such as opportunity costs. Opportunity costs represent the value of the next-best alternative forgone when making a decision.
Economic costs reflect the total resources and opportunities sacrificed, both explicit and implicit, to undertake a specific activity or venture.
By accounting for both explicit and implicit costs, economic costs provide a more comprehensive assessment of the true cost of a decision or action, considering the value of all foregone opportunities and resources used in the process.
Therefore, option C is correct.
Learn more about Economic costs here:
https://brainly.com/question/16664593
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It has been argued that the traditional model of a full-service, lead advertising agency is becoming obsolete. Discuss the changes occurring in the industry and how they are affecting the traditional lead agency model.
Answer:
It can be argued that the traditional leading full-service advertising agency model is becoming obsolete by the emergence of new technologies and communication tools such as social media. The relationship between company and consumer is no longer something more mechanized and distant to become more direct and personal, this was made possible by the very characteristics of social media, which are fast and integrative communication tools, which humanized and brought companies closer to consumers, making relationship marketing a great advantage in the quest for value creation and market positioning.
Therefore, after companies have immersed themselves in social media, communication is faster and more instantaneous, in addition to being cheaper, it does not require so much elaborate advertising effort, but content that engages its potential audience, generates value and focuses on building relationships . So advertising is really just a construction of the real connections that consumers want to have with the company, its values, objectives and mission.
[tex]144x \div 25 - 3 + 56 \sqrt{223} [/tex]
Answer:
[tex]\frac{144x}{25} - 3 + 56\sqrt{223}[/tex]
Explanation:
Given
[tex]144x \div 25 - 3 + 56\sqrt{223}[/tex]
Required
Simplify
The question is either incomplete or it is the solution to an existing question.
The question cannot be further simplified. However, a better way of writing the expression is:
[tex]\frac{144x}{25} - 3 + 56\sqrt{223}[/tex]
or
[tex]\frac{144x - 75}{25} + 56\sqrt{223}[/tex] ---- by taking the LCM
or
[tex]\frac{144x - 75 + 1400\sqrt{223}}{25}[/tex] ---- by taking the LCM
Other than rewriting the expression, nothing else can be done
An automobile manufacturing firm decides to meet all its suppliers while planning to manufacture a new automobile that is a minor variant of an existing model in terms of design and performance. The firm wants to provide its loyal customers with automobiles at a low price without compromising on performance. According to authors Crawford and DiBenedetto, this new product falls into the category of ________.
Question Completion With Options:
O price redemptions
O repositionings
O price exemptions
O cost reductions
Answer:
According to authors Crawford and DiBenedetto, this new product falls into the category of ________.
O cost reductions
Explanation:
According to the declared intention of the automobile manufacturing firm, it is working at providing its loyal customers with low-priced automobiles that still maintain competitive performance. Therefore, the new product falls into the category of cost reductions, which is a strategic move to ensure that costs do not drive away customers while the company rakes in huge revenue with increased sales volume.
You company requires that all projects yield a return of 12%. You’re the head of a project team developing a new product. The initial investment needed is $500,000 and the expected cashflows from this project will be 70,000 for the next 10 years. Will your project be approved, (generates a return higher than 12%). What cashflow would be required to get your project approved?
Answer:
initial investment = $500,000
10 cash flows of $70,000
Present value of cash flows = 5.65022 * $70,000 = $395,515.40
NPV = -$500,000 + $395,515.40 = -$104,484.60
The project should be rejected.
In order to approve the project, the cash flows should = $500,000 / 5.65022 = $88,492.13. With these cash flows the NPV = $0.
Assume that a stock is expected to pay dividends at the end of Year 1 and Year 2 of $1.25 and $1.56, respectively. Dividends are expected to grow at a 5% rate thereafter. Assuming that ke is 11%, the value of the stock is closest to:___.
A. $22.3.B. $23.42.C. $24.55.
Answer:
C. $24.55
Explanation:
Calculation to determine what the value of the stock is closest to:
Value of the stock =($1.25 / 1.11) + [1.56/ (0.11 -0.05)] / 1.11
Value of the stock =[1.126126+(1.56/0.06)]/1.11
Value of the stock = $24.55.
Therefore the value of the stock is closest to:$24.55
Calculate the annual coupon payment if the semi-annual coupon paying bond price is $920, the yield for the bond is 6%, the bond's face value is $1,000 and matures in 9 years. (Enter the answer in dollar format without $ sign or thousands comma -> 3519.23 and not $3,519.23 or 3,519.23)
Answer:
$48.40
Explanation:
Yield = 6%
Rate = Yield/2 = 6%/2 = 3%
YTM = 9
Nper = YTM*2 = 9*2 = 18
Face value = $1,000
Price(PV) = $920
Monthly payment = PMT(0.03, 18, -920, 1000)
Monthly payment = $24.1833
Coupon rate = (PMT/Face value) * 2
Coupon rate = (24.1833/1000) * 2
Coupon rate = 0.0241833 * 2
Coupon rate = 0.0483666
Coupon rate = 4.84%
Annual coupon payment = Face value * Coupon rate
Annual coupon payment = $1000 * 4.84%
Annual coupon payment = $48.40
Cala Manufacturing purchases land for $411,000 as part of its plans to build a new plant. The company pays $30,500 to tear down an old building on the lot and $45,087 to fill and level the lot. It also pays construction costs $1,726,400 for the new building and $108,976 for lighting and paving a parking area. Prepare a single journal entry to record the costs incurred by Cala, all of which are paid in cash.
Answer:
Date General journal Debit Credit
Land $486,587
($411,000+$30,500+$45,087)
Land improvements $108,976
Building $1,726,400
Cash $2,321,963
In addition to the $14,000 in expenses, in Nov. 2020, Julie’s Tax Prep paid two years’ worth of office rent ($1,000/month * 24 months = $24,000). The rent covers Nov. 1, 2020 through Oct. 31, 2022. How much of the $24,000 rent can Julie’s deduct in 2020?
Answer:
Julie’s can deduct $2,000 in 2020
Explanation:
In 2020 rents for only two months November 2020 and December 2020 are accrued
First calculate the monthly rent
Monthly rent = Rent paid / Month for which rent paid = $24,000 / 24 months = $1,000 per months
Now calculate the rent deduction to be made by Julie in 2020
Rent deduction 2020 = Numbers of months accrued in 2020 x Monthly rent = 2 months x $1,000 per month = $2,000
Trader Joe's is an American chain of grocery stores headquartered in Monrovia, California. Trader Joe's creates a competitive advantage by its ability to incorporate upscale or attractive attributes into its product offerings at lower costs than rivals. What business strategy is Trader Joe's using to gain its competitive advantage
Answer:
Differentiation focus strategy
Explanation:
Competitive advantage is defined as the factors or strategy that gives a firm an edge over others in the same industry.
They are able to sell more product and make more profit than their competitors.
Trader Joe's creates a competitive advantage by its ability to incorporate upscale or attractive attributes into its product offerings at lower costs than rivals.
They are using differentiation focus strategy which entails developing a unique product based on selected attributes that are widely valued by customers.
Focus is given to making products that specifically meet these needs.
The result is a product that is unique in the industry. Products from Trader Joe's can't be found anywhere else. Also they provide a unique atmosphere and unique interaction with their staff.
They have been able to have reduced pricing through research and other tactics aimed at reducing cost of production in a sustainable manner.
Purdum Farms borrowed $17 million by signing a five-year note on December 31, 2017. Repayments of the principal are payable annually in installments of $3.4 million each. Purdum Farms makes the first payment on December 31, 2018 and then prepares its balance sheet. What amount will be reported as current and long-term liabilities, respectively, in connection with the note at December 31, 2018, after the first payment is made
Answer:
6998761626639499r9r9r8ryy
You want to borrow $91,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,750, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 60-month APR loan
Answer:
5.784%
Explanation:
PV = $91000
PMT = -$1750
N = 60
FV = $0
Using the financial calculator to solve for I/Y
Interest yield = CPT I/Y(91000, -1750, 60, 0)
Interest yield = 0.00482
Interest yield = 0.482%
Highest rate APR = 0.482%*12
Highest rate APR = 5.784%
So, assuming monthly compounding, the highest rate i can afford on a 60-month APR loan is 5.784%.
name the market structure in which agriculture farming operate
Answer:
The right answer is "Pure monopoly, monopolistic competition and oligopoly".
Explanation:
The agricultural market system would be fundamentally competitive as well as is often called straight-up competitiveness.Agriculture would be ideal competitiveness even though it has a vast variety of industries and every company generates a small proportion of the overall production of such marketplace.Thus the above is the correct answer.
A manager has determined that a potential new product can be sold at a price of $25 each. The cost to produce the product is $17.5, but the equipment necessary for production must be leased for $75,000 per year. What is the break-even point
Answer:
10,000 units
Explanation:
Calculation to determine the break-even point
Using this formula
Break-even point = Fixed cost / [Selling Price - Cost Price]
Let plug in the formula
Break-even point = $75,000 / [$25 - $17.5]
Break-even point = $75,000 / [$7.5]
Break-even point = 10,000 units
Therefore the break-even point is 10,000 units
Williams Company pays each of its two office employees each Friday at the rate of $290 per day for a five-day week that begins on Monday. If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the month-end adjusting entry to record the salaries earned but unpaid is:
Answer:
Debit Salaries Expense $1,160 and credit Salaries Payable $1,160
Explanation:
Preparation of the month-end adjusting entry to record the salaries earned but unpaid
Based on the above information given the month-end adjusting journal entry to record the salaries earned but unpaid is:
Debit Salaries Expense $1,160
Credit Salaries Payable $1,160
( 2days * 2 workers *$290 per day = $1,160)
(To record the salaries earned but unpaid)
Bottlebrush Company has income from operations of $73,745, invested assets of $245,000, and sales of $1,053,500. Use the DuPont formula to calculate the return on investment, and show (a) the profit margin, (b) the investment turnover, and (c) the return on investment. Round answers to one decimal place. a. Profit Margin fill in the blank 1 % b. Investment Turnover fill in the blank 2 c. Return on Investment
Answer:
a. Profit margin = Income from operations / Sales
Profit margin = $73,745/$1,053,500
Profit margin = 0.07
Profit margin = 7%
b. Investment turnover = Sales/Invested assets
Investment turnover = $1,053,500/$245,000
Investment turnover = 4.3 times
c. Rate of return on investment = Profit margin * Investment turnover
Rate of return on investment = 7% * 4.3
Rate of return on investment = 30.10%
Mr. Joseph has identified five different companies in which he is interested in investing, however, he has concerns over the economy and wants to invest in companies with the lowest debt exposure. The following is a list of data for the investments:
Company Total Assets Total Liabilities Net Income
A $10,000,000 $1,000,000 $200,000
B 20,000,000 3,000,000 1,000,000
C 6,000,000 4,000,000 250,000
D 15,000,000 6,000,000 1,600,000
E 30,000,000 22,000,000 4,000,000
Required:
Calculate the debt-to-equity ratio and rank the investments base on least risky to most risky.
Answer and Explanation:
The computation is shown below:
Company Total Assets (a) Total Liabilities (b) Net Income Debt to assets ratio (a÷b) Rank
A $10,000,000 $1,000,000 $200,000 0.1 1
B $20,000,000 $3,000,000 $1,000,000 0.15 2
C $6,000,000 $4,000,000 $250,000 0.666667 4
D $15,000,000 $6,000,000 $1,600,000 0.4 3
E $30,000,000 $22,000,000 $4,000,000 0.733 5
Hi guys, I need your help to give your opinions about this one.
Example:
The experts on your island warn of a possible tsunami, but opinions are divided.
a. A quarter of the experts (group A) assume that a tsunami will certainly come.
b. Three quarters of the experts (group B) assume that the tsunami will come with a 10 percent probability.
Which professionals (group A or group B) would you like to believe more and why? Give reasons for your answer. And what are the consequences of this decision for your actions? And how do you deal with the risks of a wrong decision?
I would believe group A more
because, as we know "Precaution is always better an cure"
If I stay more cautious about it, there are less chances of the tsunami to cause a severe harm. If I don't stay much cautious, according to group B, and in case if their prediction goes wrong, I'll be in serious danger.
I chose group A because
even if the tsunami ain't powerful enough, I would be glad I was careful enough for it and it'll help me in future if I face another situation like this again
The consequences if I chose group B would be :
well, if I would have chose B, I won't have taken any Precautions at all
I won't have been careful enough
and in case their prediction went wrong, I would have to suffer high losses.
I hope it helps.... Have a great time ahead!
The financial statements of Apple Inc. in Appendix A contain the following selected accounts, all in thousands of dollars.
Common Stock $35,867
Accounts Payable 49,049
Accounts Receivable 17,874
Selling, General, and Administrative Expenses 15,261
Inventories 4,855
Net Property, Plant, and Equipment 33,783
Net Sales 229,234
Required:
a. What is the increase and decrease side for each account?
b. What is the normal balance for each account?
Answer:
Apple Inc.
a. The increase and decrease side for each account
($'000) Increase Decrease
Side Side
Common Stock $35,867 Credit Debit
Accounts Payable 49,049 Credit Debit
Accounts Receivable 17,874 Debit Credit
Selling, General, and Administrative Expenses 15,261 Debit Credit
Inventories 4,855 Debit Credit
Net Property, Plant, and Equipment 33,783 Debit Credit
Net Sales 229,234 Credit Debit
b. The normal balance for each account
($'000) Normal Balance
Common Stock $35,867 Credit Balance
Accounts Payable 49,049 Credit Balance
Accounts Receivable 17,874 Debit Balance
Selling, General, and Administrative Expenses 15,261 Debit Balance
Inventories 4,855 Debit Balance
Net Property, Plant, and Equipment 33,783 Debit Balance
Net Sales 229,234 Credit Balance
Explanation:
Selected Accounts from Appendix A of Apple' Financial Statements:
($'000)
Common Stock $35,867
Accounts Payable 49,049
Accounts Receivable 17,874
Selling, General, and Administrative Expenses 15,261
Inventories 4,855
Net Property, Plant, and Equipment 33,783
Net Sales 229,234
b) Assets and Expenses increase by debit entries to their accounts, and they decrease by credit entries. They normally have debit balances. On the other hand, Liabilities, Equity, Revenue, and Income normally have credit balances. They increase by credit entries to their accounts and decrease by debit entries.
Consuela is a business analyst for her company. She is working from home and on a video conference with several other team members. Her video conferencing client displays a message indicating that the quality of her connection is unstable. What is the most likely problem
Answer: c) Latency between her VPN client removing encryption and making it available to the video-conferencing client is causing poor performance.
Explanation:
A Virtual Private Network (VPN) is used to protect the identity of people online as it encrypts a person's data and uses different servers to allow them browse the web and with a different IP address from the user's original IP address that way it appears as though the user is somewhere else in the world than they actually are.
In doing this however, VPNs might give slow speeds due to the latency that develops as the VPN encrypts and decrypts data for use. In this case, the VPN latency in decrypting the video call for Consuela to see it is slowing down the speed of the Video conferencing client.
