Answer:
$18.00
Explanation:
First calculate the equivalent units of production with respect for direct materials.
Ending Work In Process (2,000 × 80%) = 1,600
Completed and transferred out (11,000 × 100%) = 11,000
Equivalent units of production with respect to direct materials = 12,600
Then, calculate the cost per equivalent unit for direct materials
Cost per equivalent unit = Total Cost ÷ Total Equivalent Units
= ($28,800 + $198,000) ÷ 12,600
= $18.00
Which type of car insurance policy usually has the highest premium?
Comprehensive car insurance policy usually has the highest premium among all the other types of car insurance policies. Hence the correct answer is A.
Comprehensive car insurance is an optional coverage that provides protection against damage to your vehicle from various risks such as theft, vandalism, fire, and natural disasters. It also covers damages to your car from collisions with animals. Comprehensive car insurance provides broader coverage than liability insurance, including damage to both other people and property and your own car, making it more expensive.
Therefore, comprehensive car insurance policy usually has the highest premium among all the other types of car insurance policies. Hence the correct answer is A.
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Which of these Messages would be considered inappropriate for business communication ?
A.good night
B.goodbye
C. Ok,bye
D. See you tomorrow
Which of these best describes the relationship
between business equity and profit?
A. The proportion of the
equity one owns is more than the
proportion of the profits received.
B. The proportion of the equity one owns is less than the
proportion of the profits received.
C. The proportion of the equity one owns is the same proportion
of the profits received.
planing function means
Answer:
Explanation:
Planning function is the process of establishing goals and arranging them in logical order for the purpose of achieving a desired goal.
Planning is an important aspect of an organization so as to help them achieve their goals faster. It is done at all levels in an organization. Planning is done using the available resources, also achieving a balance between the needs and wants of the organization.
When classifying debt securities, what is the difference between Trading Securities (TS),
Held-to-maturity (HTM), and Available-for-sale (AFS)? And are there differences in these securities when recording journal entries?
HTM Securities, which the board has the goal and capacity to hold until development, are conveyed at amortized cost. AFS protections are conveyed at fair worth and hidden gains and misfortunes .
What Are Held-to-Development (HTM) Securities?Held-to-development (HTM) Securities are bought to be possessed until development. For instance, an organization's administration could put resources into a bond that they intend to hold to development. There are different bookkeeping medicines for HTM protections contrasted with protections that are sold temporarily.
HTM protections are normally revealed as a noncurrent resource; they have an amortized cost on an organization's fiscal summaries. Acquired revenue pay shows up on the organization's pay explanation, however changes in the market cost of the venture don't change on the association's bookkeeping proclamations.
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The accompanying graphs illustrate an initial equilibrium for the economy. Suppose that oil prices increase temporarily.
Use the graphs to show the new positions of aggregate demand (AD), short-run aggregate supply (SRAS), and long-run aggregate supply (LRAS) in both the short-run and the long-run, as well as the short-run (ESR) and long-run (ELR) equilibria resulting from this change. Then answer what happens to the price level and GDP.
In response to the temporary increase in oil prices, the short-run equilibrium experiences a higher price level and lower GDP, while the long-run equilibrium sees a higher price level and unchanged GDP.
In the short-run, the AD curve shifts leftward due to the increase in oil prices. This is because higher oil prices increase production costs for firms, leading to reduced consumption and investment spending by households and businesses.
As AD shifts leftward, it intersects with the SRAS curve at a new short-run equilibrium (ESR). At this new equilibrium, the price level increases while GDP decreases compared to the initial equilibrium.
In the long-run, the SRAS curve adjusts to the higher oil prices as firms gradually reduce production and adjust their input costs. This adjustment reflects the fact that higher oil prices affect the overall cost structure of the economy.
As the SRAS curve shifts leftward, it eventually intersects with the LRAS curve at a new long-run equilibrium (ELR). At this equilibrium, the price level is higher than the initial equilibrium due to the higher oil prices. However, GDP returns to its potential level determined by the LRAS curve.
Therefore, in response to the temporary increase in oil prices, both the price level and GDP initially decrease in the short-run but eventually stabilize in the long-run, with a higher price level and unchanged GDP compared to the initial equilibrium.
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What do you mean by rough maintenance? How it is done?
Answer:
For all your wide open spaces having a machine that is maneuverable and lightweight will make the job that much easier.
Rough maintenance is a term used for large spaces such as lawns playing golf. If a machine that is maneuverable and lightweight will make the job that much easier.
What is rough in golf?The term "rough" denotes the length (or state) of the lawn. If the grass is short or grows sparsely, there is not much of a problem. However, when the ball is partially hidden by a very deep rough, it appears to be quite difficult to hit the ball well with the head.
Strive to land in front of the green. It will be more difficult to impart some backspin into the ball when hitting from the rough as opposed to the fairway. As a result, the ball will skid or release more on the green than it would if you were hitting from the fairway.
Therefore, Large areas, like golf courses or lawns, are referred to as rough maintenance. If a machine that is portable and lightweight will simplify the task.
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Who are the Workers?
Answer: Workers are individuals who are employed to perform a specific job or task in exchange for wages or other forms of compensation.
Explanation: Workers can be found in a wide variety of industries and occupations, including manufacturing, construction, healthcare, education, government, and many others.
Workers may be full-time, part-time, temporary, or freelance, and they may work in various settings, such as offices, factories, stores, or online.
In general, workers are entitled to certain rights and protections under employment laws, including the right to fair wages, safe and healthy working conditions, and protection from discrimination and harassment. These rights and protections vary depending on the country and specific employment laws in place.
[The following information applies to the questions displayed below.]
Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company’s records show the following selected accounts and amounts for the month of August.
Cash $ 25,350 Dividends $ 5,980
Accounts receivable 22,340 Consulting fees earned 26,980
Office supplies 5,230 Rent expense 9,530
Land 43,990 Salaries expense 5,590
Office equipment 19,980 Telephone expense 850
Accounts payable 10,660 Miscellaneous expenses 500
Common stock 101,700
Answer:
Find the statements attached.
11. a. Suppose David spends his income M on goods x1 and x2, which are priced p1 and p2, respectively. David’s preference is given by the utility function
(1, 2) = √1 + √2.
(i) Derive the Marshallian (ordinary) demand functions for x1 and x2. (25 marks)
(ii) Show that the sum of all income and (own and cross) price elasticity of demand
for x1 is equal to zero. (25 marks) b. For Jimmy both current and future consumption are normal goods. He has strictly convex and strictly monotonic preferences. The initial real interest rate is positive. If the real interest rate falls, in each of the following cases, argue what will happen to his period 2 consumption level? Clearly illustrate your argument on a graph.
(i) He is initially a borrower. (25 marks)
(ii) He is initially a lender. (25 marks)
Answer:
Explanation:
D
What is the underlying problem in this case from Edward Lampert’s perspective?
The underlying problem in this case from Edward Lampert’s perspective In this case, as suggested by Edward Lampert, the biggest concern was the decline in advertisement and usage and the increase in e-commerce. Rivals could not take note of the secret concern.
What is an advertisement?Advertising, sometimes referred to as an advert or ad, is typically seen as a form of public discourse that supports a good, service, organization, or event. Some others consider the concept to be far broader than that, including any sort of sponsored advertisement intended to inform or influence
Edward Lampert's perspective underlying problem, The decline in advertisement and the usage of the increase in e-commerce. Reveals a note of the secret concern.
Therefore, The case from Edward Lampert's perspective. The decline in advertisement and usage in e-commerce is there.
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Who is a business letter not written by?
A business letter is not written Option C. between two private individuals.
A business letter is a formal letter used by businesses or companies to communicate with customers, clients, other companies, or government officials. It is used for various purposes, such as requesting information, placing orders, providing feedback, making inquiries, making claims, making offers, and more. Business letters are different from personal letters in that they are more formal, objective, and to the point.
Business letters are usually written by a company's employees who have the authority to do so. For instance, the sales team may write letters to prospective clients to solicit their business, while the human resources department may write letters to job applicants to inform them of their application status. There are various types of business letters, and each serves a different purpose. Some common types of business letters include:
1. Inquiry letters: Used to request information about products, services, or pricing.
2. Order letters: Used to place orders for goods or services.
3. Complaint letters: Used to make a formal complaint about a product or service.
4. Adjustment letters: Used to respond to a complaint or request for an adjustment.
5. Sales letters: Used to sell a product or service.
6. Acknowledgment letters: Used to acknowledge receipt of an order, complaint, or request.
7. Employment letters: Used to communicate with job applicants, employees, or ex-employees.
8. Invitation letters: Used to invite someone to an event or occasion.
9. Cover letters: Used to accompany a resume or job application.
Business letters are important because they create a record of communication between two parties, and they provide a paper trail of events. They are also important because they can be used in legal proceedings, as they show that the parties communicated about a particular matter. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
A business letter is not written
A. between a company and its customers or clients
B. between one company and another company
C. between two private individuals
D. to employees within a company to recognize important achievements
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Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.
The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.
What is the selling price per pound for onions?Total Cost = Quantity * Cost per pound
Total Cost = 1,000 pounds * $0.11/pound
Total Cost = $110
Spoilage Quantity = 3% of Quantity
Spoilage Quantity = 3% of 1,000 pounds
Spoilage Quantity = 0.03 * 1,000 pounds
Spoilage Quantity = 30 pounds
Effective Quantity = Quantity - Spoilage Quantity
Effective Quantity = 1,000 pounds - 30 pounds
Effective Quantity = 970 pounds
Makeup Rate = 180%
Selling Price per pound:
= (Total Cost * Makeup Rate) / Effective Quantity
= ($110 * 1.80) / 970 pounds
= $2.03505/pound.
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Academy Driving School reported the following amounts in its financial statements:
Year 1 Year 2
Number of common shares 11,700 11,700
Net income $ 25,740 $ 20,740
Cash dividends paid on common stock $ 3,200 $ 3,200
Total stockholders' equity $ 260,000 $ 240,000
Calculate EPS and ROE for Year 2.
The EPS for Year 2 is $1.77 and the ROE for Year 2 is 8.64% for Academy Driving School.
What is EPS and ROE?The earning per share is amount that will be earned by the share holders from the net income on per share. While the ROE is the return each shareholder will get the total amount of equity engaged in the net income earned by the company in a particular year.
Computation of EPS:
\(\begin{aligned}\text{EPS}&=\dfrac{\text{Net Income}}{\text{Number of Common Shares}}\\&=\dfrac{\$20,740}{\$11,700}\\&=\$1.77\end{aligned}\)
Computation of ROE:
\(\begin{aligned}\text{ROE}&=\dfrac{\text{Net Income}}{\text{Shareholders' Equity}}\times100\\&=\dfrac{\$20,740}{\$240,000}\times100\\&=8.64\%\end{aligned}\)
Therefore, for Year 2 the EPS is $1.77 and ROE is 8.64%.
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What is market environment
Answer:
The market environment is the combination of external and internal factors that affect a company's ability to establish a relationship with and serve its consumers.
Explanation:
The internal factors relate to the company itself, such as owners, workers, materials, components, etc.
The external factors are divided into macro and micro components. The macro component is the broad environment which includes societal forces that affect society as a whole. The micro component is task-related, which includes factors that influence the production, manufacturing and distribution of a product or service.
What other reasons do we have for sampling method?
Reduce time, It takes time to reach out to everyone in a population is other reasons for sampling method
What does the method of sampling serve as?To be representative so that researchers can draw conclusions about the wider community, sampling method aims to mimic a larger population on qualities relevant to the study subject.Cost savings: Obtaining data for a chosen subset of a population is clearly less expensive than doing it for the complete population. Furthermore, data obtained from a properly chosen sample provides a very accurate representation of the entire population.This is so that researchers may utilise sampling toReduce time. It takes time to reach out to everyone in a population. The cost of a study is directly correlated with the number of persons a researcher contacts.... Collect Richer Data.... Academic Research.... Market Research.... Public Polling.... User Testing.To learn more about sampling method refer to:
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The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.40 per share on its stock. The dividends are expected to grow at a constant rate of 5 percent per year indefinitely. Required:(a) If investors require a 11 percent return on The Jackson-Timberlake Wardrobe Co. stock, what is the current price
Answer:
$24.5
Explanation:
Calculation for What is the current stock price
Current stock price=$1.40 (1+.05) / (.11-.05)
Current stock price=$1.40 (1.05) / (.11-.05)
Current stock price=$1.47/0.06
Current stock price=$24.5
Therefore the current stock is $24.5
Which question can best help a consumer assess risk when purchasing insurance? How much must be paid to make a claim? What problems are most likely to happen? What are the possible payouts on a claim? How much are the monthly premiums?
Answer: the answer is : What problems are most likely to happen?
Explanation:
Answer:
b
Explanation:
What should you include on an income statement?
Select all correct answers.
1. income
2. expenses
3. net profit
4. all assets
All of the factors that have to be included in the income statement are:
1. income2. expenses3. net profitWhat is meant by the income statement?This is the term that is used to refer to the financial statement that would be made to show the revenue, the expenses and the profits that are made by a given company over a period of time. This is also called the earnings statement. It shows the revenue that is made from business.
Hence we can say that All of the factors that have to be included in the income statement are:
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GE buys back 300,000 shares of its stock from investors at $45 a share. Two years later it reissues this stock for $65 a share. The stock reissue would be recorded with a debit to Cash for:__________
a) $19.5 million, a credit to Treasury Stock for $13.5 million, and a credit to Additional Paid-in Capital for $6 million.
b) $13.5 million, a debit to Additional Paid-in Capital for $6 million, a credit to Treasury Stock for $13.5 million, and a credit to Stockholders' Equity for $6 million.
c) $19.5 million, a credit to Treasury Stock for $13.5 million, and a credit to Gain on Sale of Treasury Stock for $6 million.
d) $19.5 million and a credit to Treasury Stock for $19.5 million.
Answer:
The correct answer is Option A.
Explanation:
Treasury stocks are simply company's own stock repurchased by the company. When this happens, there is cash outflow in order to increase the stock.
When GE bought back 300,000 shares of its stock from investors at $45 a share, the value of the treasury stock was 300,000 shares x $45 = $13.5m. However, the stock was reissued for $65 a share, translating to 300,000 shares x $65 = $19.5m cash receipt.
The appropriate entries to raise would be a debit to cash for $19.5 million, a credit to Treasury Stock for $13.5 million, and a credit to Additional Paid-in Capital for $6 million.
During lunch time, customers arrive at a postal office at a rate of lambda equals 36 per hour. The interarrival time of the arrival process can be approximated with an exponential distribution. Customers can be served by the postal office at a rate of mu equals 45 per hour. The service time for the customers can also be approximated with an exponential distribution. For each of the following questions, show your work and use the right notation.
Required:
Determine the utilization factor.
Answer:
the utilization factor is 4 ÷ 5
Explanation:
The computation of the utilization factor is shown below:
given that
Customer arrives at the rate of λ equivalent to the 36 per hour
And, Customers can be served by the postal office at a rate of μ equivalent to the 45 per hour
λ = 36 / hour
μ = 45 / hour
Now utilization factor is
P = λ ÷ μ
= 36 ÷ 45
= 4 ÷ 5
Thus, the utilization factor is 4 ÷ 5
define private equity funds.
Answer:
Private equity is composed of funds and investors that directly invest in private companies
Hope this helps!
The Davis family grows organic vegetables to sell at a local farmer’s market. Which are factors that directly affect their profit? Check all that apply.
an increase in the cost of farm equipment
a rise in demand for organic produce
an increase in customers at the market
a change in the market price for non-organic fruit
a sale on organic meats at the market
(answer is abc)
Answer:
an increase in the cost of farm equipment
Explanation:
With the Davis family continuously growing and selling vegetables they would need to repair or get new equipment
Answer:
a b c
Explanation:
Your friend Stan owns a coffee shop in a monopolistically competitive industry. One day, Stan tells you (an economist) that he is earning an economic profit and is setting his price equal to his marginal cost. Is Stan producing the profit-maximizing amount of coffee? What should he do?
In a monopolistically competitive industry, each firm has some control over the price it sets due to product differentiation.
Stan mentioned that he is earning an economic profit and setting his price equal to his marginal cost. To determine whether he is producing the profit-maximizing amount of coffee, we need to consider a few factors.
1. First, let's understand the relationship between price, marginal cost, and profit maximization. In a competitive market, profit maximization occurs where marginal cost equals marginal revenue. However, in monopolistic competition, firms have some market power, so the profit-maximizing quantity occurs where marginal cost equals marginal revenue, not price.
2. Setting the price equal to marginal cost does not necessarily guarantee profit maximization. If Stan's price is equal to marginal cost, it means that he is covering his variable costs, but it does not take into account his fixed costs. To maximize profit, Stan should set his price above marginal cost, considering both variable and fixed costs.
3. If Stan is currently earning an economic profit, it suggests that he may not be producing the profit-maximizing amount of coffee. In monopolistic competition, firms tend to have excess capacity, meaning they produce less than the quantity that would minimize average total cost. By increasing his output, Stan may be able to reduce his costs and increase his profit.
Considering these factors, here are a few suggestions for Stan:
- Conduct a cost analysis: Stan should evaluate his fixed and variable costs to understand the full picture of his expenses. By knowing his costs, he can set a more informed price and determine the profit-maximizing quantity.
- Consider demand elasticity: Stan should also assess the price elasticity of demand for his coffee. If demand is relatively elastic, a small price increase may result in a significant decrease in quantity demanded, potentially reducing his profits. On the other hand, if demand is inelastic, Stan may be able to increase his price without a significant drop in sales.
- Experiment with pricing: Stan could consider experimenting with different prices to find the optimal point that maximizes his profit. By monitoring customer response to different prices, he can identify the price that generates the most revenue while covering his costs.
By taking these steps and considering the unique characteristics of monopolistic competition, Stan can better position his coffee shop for long-term success and profitability.
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Consider the market for orange juice. In this market, the supply curve is given by QS = 100PJ −20PO and the demand curve is given by QD = 1000−150PJ +100PC, where J denotes orange juice, O denotes Orange, and C denotes coffee.
Dale is a guitar teacher and Terrence is a tile layer. If Dale teaches Terrence's daughter to play the guitar in
exchange for Terrence tiling Dale's kitchen floor,
a. only Dale is made better off by trade.
O b. both Dale and Terrence are made better off by trade.
c. neither Dale nor Terrence are made better off by trade.
O d. only Terrence is made better off by trade.
If Dale teaches Terrence's daughter to play the guitar in exchange for Terrence tiling Dale's kitchen floor Option B. both Dale and Terrence are made better off by trade.
In this scenario, Dale is a guitar teacher and Terrence is a tile layer. Dale teaches Terrence's daughter how to play the guitar in return for Terrence tiling Dale's kitchen floor. It is a classic example of trade and bartering. Dale, the guitar teacher, would have had to pay for tile installation if he hadn't bartered with Terrence, the tile layer. Terrence, on the other hand, would have had to pay for guitar lessons if he hadn't traded with Dale.
Both Dale and Terrence, therefore, benefit from the trade, and they are both better off as a result. Because Dale receives tile installation in exchange for teaching guitar lessons, and Terrence receives guitar lessons in exchange for tile installation, both benefit.
In conclusion, the answer is (b) both Dale and Terrence are made better off by trade. When both parties are better off after a trade, it is known as a mutually beneficial trade. Trade, in general, promotes mutual gains by allowing people to concentrate on what they do best and exchange their output with others for goods and services that they desire. Therefore, the correct option is B.
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Answer each of the following independent questions. Alex Meir recently won a lottery and has the option of receiving one of the following three prizes: (1) $60,000 cash immediately, (2) $18,000 cash immediately and a six-period annuity of $7,500 beginning one year from today, or (3) a six-period annuity of $11,800 beginning one year from today. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. Assuming an interest rate of 5%, determine the present value for the above options. Which option should Alex choose
Answer:
the first option
Explanation:
Situation 2
A customer walks into your department and asks if anyone can help her. She complains that she's
been waiting for the salesperson in the shoe department for the last 10 minutes. She says, "Just
when I think he's finally going to help me, he takes another phone call. I'm so upset. I just want to
tell his manager how rude he's been."
Policy: Employees should try to handle all customer complaints. If the customer demands to see a
manager, call the departmental manager immediately.
19
sty
Answer:
The lady would need to remain patience and make note of the fact that there may be a crowd and not enough employees so it may take a while. Yes the lady has a right to assistance but she should only be given it if she is being respectful of the people around her and nice to the employees.
Not sure what you wanted me to answer but I hope this helps.
Explanation:
The Kiwanis Club asks you to make a presentation on corporate social responsibility. Which story will help you explain the concept of philanthropic
giving in your presentation? Check all that apply.
Monsanto Company reinforced its commitment to further improve the genetic potential of seeds by announcing a $20 million investment
in its technology centers.
Makabla
To explain the concept of corporate social responsibility and philanthropic giving in a presentation, the following stories could be helpful:
The Monsanto Fund Matching Gifts Program supports charities by matching donations of its employees.Walmart donated products valued at a total of $755,868,381 to several charities.Walmart donated 4.5% of its pretax profits, amounting to $311,607,280, which helped support about 50,000 different charities.What is the corporate social responsibility?Corporate social responsibility (CSR) is the idea that companies should be accountable for their actions and should be held responsible for any impacts they have on society and the environment. Companies should take the initiative to ensure that their practices are sustainable and ethical, and should strive to tackle social and environmental problems through their businesses.
Regarding the issue with a product manufactured by the company, the first step should be to report the issue to the supervisor. If the issue is related to safety, it is also recommended to report it to the regulatory agency that sets safety requirements for the industry.
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See full question below
The Kiwanis Club asks you to make a presentation on corporate social responsibility. Which story will help you explain the concept of philanthropic giving in your presentation? Check all that apply O The Monsanto Fund Matching Gifts Program supports charities by matching donations of its employees. Walmart donated products valued at a total of $755,868,381 to several charities. Walmart donated 4.5% of its pretax profits, amounting to $311,607,280, which helped support about SO,000 different charities. Monsanto Company spent over $2 million on lobbying efforts related to agriculture and food regulations. Monsanto Company reinforced its commitment to further improve the genetic potential of seeds by announcing a $20 million investment □ □ in its technology centers. In your role as manager of the quality assurance program, you observe that one of the products manufactured by your company has a safety feature with a high rate of malfunction. What should your first step be? Report the issue to your supervisor Report the issue to the local news anchor. O Report the issue to the ethics committee O Report the issue to the regulatory agency that sets safety requirements for the industry.
A company delivered $10,000 of goods to a customer that agreed to pay cash within 30 days. The goods had cost $8,000 to manufacture. Which of the following items would be increased by this sales transaction?A) Total Assets.B) Accounts Receivable.C) Total Liabilities.D) Inventory.E) Revenue.
Answer:
A) Total Assets
B) Accounts Receivable
E) Revenue.
Explanation:
Accounts Receivable are being increased because the customer took the goods on credit and agreed to pay in 30 days.
Accounts Receivable is an asset so the total asset will increase. Even though inventory decreases, the amount that the good was sold for exceeds inventory cost so the net benefit will increase assets.
Revenue is earned when a good is sold. $10,000 worth of goods were sold so that would be $10,000 in revenue.