Answer:
Scorecard Athletics Corp.
The total number of shares outstanding after the stock dividend is:
Explanation:
a) Data:
Common stock outstanding before stock dividend = 1,900,000
Stock dividend paid = 7% = 133,000 (1,900,000 * 7%)
Outstanding stock = Common stock outstanding before stock dividend Plus Stock dividend paid
= 2,033,000 (1,900,000 + 133,000)
Scorecard's stock dividend is a form of dividend that is paid with stock of shares. It is usually given to stockholders as a compensation, especially when the firm does not have enough cash and with the company's shares trading at high prices. Stock dividends increase the number of common stock shares outstanding and the profitability indexes based on this number will decrease accordingly, especially the Earnings Per Share.
the wildlife department has been feeding special food to rainbow trout finger lings in a pond. A sample of weight of 40 trout revealed that the mean weight is 402.7 grams and the standard deviation 8.8 grams .
what is estimated mean wight of population? what is 99% confidence interval?,what degree of confidence is being used? interparet the result
We estimate the mean weight of the population to be 402.7 grams, with a 99% confidence interval of (398.77, 406.63) grams. The degree of confidence used is 99%.
To estimate the mean weight of the population of rainbow trout fingerlings, we can use the sample mean as an estimate. In this case, the sample mean weight is 402.7 grams.
Since the sample is a good representation of the population, we can consider this as our estimate for the population mean weight.
To determine the 99% confidence interval, we need to calculate the margin of error. The margin of error is given by multiplying the critical value (z*) with the standard deviation of the sample mean.
For a 99% confidence level, the critical value is 2.576 (obtained from a standard normal distribution table).
The margin of error is then calculated as 2.576 * (8.8 / sqrt(40)), which equals 3.932 grams. Therefore, the 99% confidence interval for the mean weight of the population is 402.7 ± 3.932, or approximately (398.77, 406.63) grams.
The degree of confidence used is 99%, meaning that if we repeated the sampling process multiple times, approximately 99% of the resulting confidence intervals would contain the true population mean weight.
In conclusion, we estimate the mean weight of the population to be 402.7 grams, with a 99% confidence interval of (398.77, 406.63) grams. This means we are 99% confident that the true population mean weight falls within this range.
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Name and explainations of 2 CSR/CSR initiatives that Woolworths carries out
Woolworths introduced The Good Business Journey in 2007 as a long-term initiative as part of their corporate social investment (CSI) plan. My Village My School Woolworths' educational program, etc.
What are CSR initiatives ?Woolworths is also funding a trial program for nutrition and a WASH (water, sanitation, and hygiene) program.
The program trains community members who volunteer to handle food in the safe and hygienic preparation of nutritious lunches for kids.
According to Schreuder, Woolworths has been successful in providing high-quality goods, convenience, and quick service while rapidly growing, including a growing presence in gas station forecourts.
This demonstrates that, when given the option, people are willing to pay extra for high-quality goods.
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What type of purchase can require a consumer to have insurance for the product?
Automobile
O Kitchen tool
O Power drill
Television
Answer:
A consumer would typically be required to have insurance for an automobile purchase. Insurance for automobiles is usually mandatory and required by law in most countries. It provides financial protection in the event of an accident, theft, or other covered loss. This type of insurance is typically called car insurance or auto insurance.
Explanation:
For other products such as a kitchen tool, power drill, or television, insurance is generally not required. However, in some cases, such as for expensive electronics, consumers may choose to purchase extended warranty or protection plans to cover repair or replacement costs in the event of a covered loss.
What exactly allows individuals to consume more if they specialize and trade than if they don't
Answer:
They work within the company that allows them to do so. Vs. others that don't.
Explanation:
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1. A small-scale businessman deposits money at the beginning of each year into his savings account, depending on the level of the business’ returns. He deposits $1000 in the first year, $3000 in the second year, $5000 in the third and $7000 in the fourth year and annual interest rate of 7%. What is the value of the investment at the time of his first deposit?
Answer:
The value of the investment at the time of his first deposit is $13,855.
Explanation:
The Value of the Investment at the time of his first deposit is its Net Present Value.
Calculation of the Net Present Value of this Investment is as follows ;
Hint : Find the Present Value of individual deposits and sum them up
PV = FV / (1 + r) ^n
Year 0 = $1000 / (1.07)^0
= $1,000
Year 1 = $3000 / (1.07)^1
= $2,804
Year 2 = $5000 / (1.07)^2
= $4,367
Year 2 = $7000 / (1.07)^3
= $5,714
Net Present Value = $1,000 + $2,804 + $4,367 + $5,714
= $13,855
Photolite (B) Corporation case study answers
Companies that have been certified as B Corporations, or B Corps, have had their compliance with strict criteria for social and environmental performance, accountability, and openness evaluated by B Lab.
Who is B Corporation's owner?Three people, Jay Coen Gilbert, Bart Houlahan, and Andrew Cassoy, founded the Certified B Corporation Movement. Co-founders Jay and Bart established the basketball apparel and footwear business AND1. And1 was a prime example of what a socially conscious company may look like in the 1990s.
Certified B is what?The highest standards for social and environmental performance have been voluntarily met by a corporation known as a Certified B Corporation. These requirements are purposefully stringent in order to identify and reward industry leaders.
B Corp was initially formed from "benefit corporation," a type of corporate structure used in the US, but it now has many different meanings to different people.
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What does it mean when a company is B Corp?
the oriole mills company has just disclosed the following financial information in its annual report sales of 1.47 million, cost of goods sold of $817,100, depreciation expenses of $179,600, and interest expenses of $ 94,000. Assume that the firm has an average tax rate of 29 percent. Compute the cash flows to investors from operating activity.
The cash flows to investors from operating activities for Oriole Mills Company is $543,973.
To compute the cash flows to investors from operating activities, we need to start with the net income and make adjustments for non-cash expenses and changes in working capital. The formula to calculate cash flows from operating activities is as follows:
Cash Flows from Operating Activities = Net Income + Depreciation Expenses + Non-Cash Interest Expenses - Increase in Current Assets + Increase in Current Liabilities + Decrease in Current Assets - Decrease in Current Liabilities
Given the financial information provided, we can calculate the cash flows to investors from operating activities as follows:
Net Income:
Net Income = Sales - Cost of Goods Sold - Depreciation Expenses - Interest Expenses - Taxes
Net Income = $1,470,000 - $817,100 - $179,600 - $94,000 - ($1,470,000 - $817,100 - $179,600 - $94,000) * 0.29
Net Income = $1,470,000 - $817,100 - $179,600 - $94,000 - ($379,300 * 0.29)
Net Income = $1,470,000 - $817,100 - $179,600 - $94,000 - $109,927
Net Income = $269,373
Depreciation Expenses = $179,600
Non-Cash Interest Expenses = $94,000
Changes in Working Capital:
Increase in Current Assets = 0 (no information provided)
Increase in Current Liabilities = 0 (no information provided)
Decrease in Current Assets = 0 (no information provided)
Decrease in Current Liabilities = 0 (no information provided)
Finally, we can calculate the cash flows to investors from operating activities:
Cash Flows from Operating Activities = $269,373 + $179,600 + $94,000 + 0 + 0 + 0 + 0
Cash Flows from Operating Activities = $543,973
Therefore, the cash flows to investors from operating activities for the Oriole Mills Company is $543,973.
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3. Is it better to have your interest compounded annually, quarterly, or daily? Why?
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Answer: Daily, because your money will have more money have interest on it. For example if 5$ is compounded annually and you get 1.3% a year, then you will get 5.013$ at the end of the year. But if it is compounded daily, at the end of the year you will have 5.07$ which is a lot more.
Explanation:
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Reese's Resources faces a smooth annual demand for cash of $15 million, incurs transaction costs of $125 every time they sell marketable securities, and can earn 4.5 percent on their marketable securities. What will be their optimal cash replenishment level?
The optimal cash replenishment level is $1.5 million.
Reese's Resources faces a smooth annual demand for cash of $15 million, incurs transaction costs of $125 every time they sell marketable securities, and can earn 4.5 percent on their marketable securities.
Optimal cash replenishment level:To find the optimal cash replenishment level, we can use the Miller-Orr model.
Miller-Orr model is used to determine the optimal cash balance of a company to minimize the cost associated with holding or having a shortage of cash.
It is designed to help companies determine when they should transfer cash in and out of their account to keep the account balance close to a specified target.
The Miller-Orr model considers two costs: the opportunity cost of holding cash and the transaction cost of transferring money from one account to another.
Lower limit = 3 × T × σ / 4 × C = 3 × 10 × 0.5 / 4 × 125 = $0.75 millionUpper limit = 3 × Lower Limit = 3 × 0.75 = $2.25 millionThe optimal cash balance is the average of the upper limit and the lower limit, which is ($0.75 million + $2.25 million) / 2 = $1.5 million.
The company should try to keep their cash balance around $1.5 million to minimize the cost associated with holding or having a shortage of cash.
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Match the methods to monitor on-floor selling activity and sales effectiveness to the scenario that portrays them.
Monitoring on-floor selling activity and sales effectiveness can be done through various methods that help retailers make informed decisions about their store's performance.
Here are some methods for monitoring on-floor selling activity and sales effectiveness:1. Mystery shoppingThis is where retailers hire a third-party to pose as a customer and visit the store to evaluate the level of service and sales effectiveness. Mystery shoppers can be used to evaluate different areas of the store, such as customer service, product knowledge, and sales techniques. The results can be used to identify areas of weakness and opportunities for improvement.2. Point of sale data analysisThis involves analyzing sales data collected at the checkout. This method can provide insights into sales trends, popular products, and the effectiveness of promotions and sales strategies. Retailers can use this data to make informed decisions about their store's inventory and pricing.3. In-store camerasInstalling cameras on the sales floor can help retailers monitor customer behavior, such as how long they spend in a particular area and which products they are looking at. Retailers can use this information to improve store layout and product placement.4. Customer feedback forms Retailers can use feedback forms to gather information about customers' experiences in the store.
This can include questions about the level of service, product availability, and overall satisfaction. Retailers can use this information to identify areas of improvement and make changes to the store's operations.5. Sales tracking softwareRetailers can use sales tracking software to monitor sales performance and set sales goals. This software can provide real-time updates on sales data and identify areas of strength and weakness. Retailers can use this information to make informed decisions about their store's operations and sales strategies.In conclusion, retailers can use different methods to monitor on-floor selling activity and sales effectiveness. These methods include mystery shopping, point of sale data analysis, in-store cameras, customer feedback forms, and sales tracking software. The choice of method will depend on the retailer's goals and the specific areas they want to evaluate.
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1. Assume two countries (Portugal & Britain) each produce wine and cloth. Given the following details with respect to resources required to produce each good in each country, answer the following questions. b. a. What is the opportunity cost of producing each good in each country? (4 Points) Draw the Production Possibilities Frontier for each country assuming no trade and 500,000 labor hours (use wine as the x-good). (10 Points) Provide an interpretation of the slope of the PPF in this example (8 Points) If these countries engaged in international trade, in what range would the relative prices have to be to ensure mutually beneficial trade, and which good would each country specialize in? (10 Points) e. Assuming the relative price with trade of wine is 0.67 cloth and the relative price of cloth is 1.48 wine, calculate the gains from trade and show on the PPFs the expanded consumption choices for each country. (16 Points) c. d. Country Production (1 Hour of Labor Time) Cloth Wine Portugal 2.85 Britain 3.4 5.3 4.2
a. The opportunity cost of producing wine in Portugal is 0.35 units of cloth, and the opportunity cost of producing cloth in Portugal is 2.85 units of wine.
b. The slope of the PPF represents the opportunity cost of producing one good in terms of the other. In this case, the slope of Portugal's PPF is -0.35, and the slope of Britain's PPF is -0.71.
c. If these countries engaged in international trade, the relative prices of wine and cloth would have to be within the range of Portugal's opportunity cost of producing wine (0.35 units of cloth) and Britain's opportunity cost of producing wine (0.71 units of cloth).
d. Assuming the relative price with trade of wine is 0.67 cloth and the relative price of cloth is 1.48 wine, then Portugal would specialize in producing wine and Britain would specialize in producing cloth. Portugal would export wine and import cloth, and Britain would export cloth and import wine.
How to explain the informationIf the relative price of wine were below 0.35 units of cloth, then Portugal would be able to produce wine more cheaply than Britain, and it would not be in Portugal's interest to trade. If the relative price of wine were above 0.71 units of cloth, then Britain would be able to produce wine more cheaply than Portugal, and it would not be in Britain's interest to trade.
The gains from trade are the increase in consumption that countries experience after they specialize and trade. In this case, the gains from trade are represented by the shaded area in the graph. The gains from trade are a result of the increased efficiency that is possible when countries specialize in the production of goods that they have a comparative advantage in.
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On 12/31/2020, Heaton Industries Inc. reported retained earnings of $675,000 on its balance sheet, and it reported that it had $172,500 of net income during the year. On its previous balance sheet, at 12/31/2019, the company had reported $555,000 of retained earnings. No shares were repurchased during 2020. How much in dividends did Heaton pay during 2020?
a. $47,381
b. $49,875
c. $57,881
d. $55,125
e. $52,500
Answer:
e. $52,500
Explanation:
Beginning balance of retained earnings= $555,000
Net earning for the period=$172,500
Closing retained earnings balance for the period: $675,000
Closing retained earning =Beginning balance + net earnings - dividend
$675000 = $555,000 +$172,500- Dividends
$675000 = $727,500 - Dividends
Dividends = $727,500 - $675,000
Dividends =$52,500
Solutions Company - Unadjusted Trial Balance as of December 31.
Account Titles
Unadjusted Trial Balance Dr. Unadjusted Trial Balance Cr.
100: Cash 20,000
110: Accounts Receivable 0
120: Supplies 7,600
160: Machinery 50,000
161: Accumulated Depreciation 20,000
200: Accounts Payable 0
205: Interest Payable 0
210: Wages Payable 0
230: Unearned Rental Fees 7,200
240: Note Payable 30,000
300: Common Stock 10,000
310: Dividends 9,500
320: Retained Earnings 14,200
400: Rental Fees 32,450
600: Wage Expense 24,500
610: Interest Expense 2,250
620: Supplies Expense 0
630: Depreciation Expense 0
113,850 113,850
Totals
Requirement:
Prepare year-end adjusting journal entries for each of these separate situations.
As of December 31, employees had earned $400 of unpaid and unrecorded wages. The next payday is January 4 at which time $1,200 in wages will be paid.
The cost of supplies still available at December 31 is $3,450.
The notes payable requires an interest payment to be made every three months. The next payment occurs after the new year begins. The amount of unrecorded accrued interest at December 31 is $800.
Analysis of the unearned rental fees shows that $3,200 remains unearned at December 31.
In addition to the machinery rental fees included in the revenue account balance, the company has earned another $2,450 in unrecorded fee that will be collected on January 31 of next year.
Depreciation expense for the year is $3,800.
The Preparing Adjusted Trial Balance with the help of Worksheet: is given below:
The Adjusted Trial BalanceSolutions Company
Worksheet
December 31
Accounts Unadjusted Trial Balance Adjusting Entries Adjusted Trial Balance
Debit Credit Debit Credit Debit Credit
Cash $20,000 $20,000
Accounts Receivable 0 $2,450 2,450
Supplies 7,600 $4,150 3,450
Machinery 50,000 50,000
Accumulated Depreciation $20,000 3,800 $23,800
Accounts Payable 0 0
Interest Payable 0 800 800
Salaries Payable 0 400 400
Unearned Rental Fees 7,200 4,000 3,200
Note Payable 30,000 30,000
Common Stock 10,000 10,000
Dividends 9,500 9,500
Retained Earnings 14,200 14,200
Rental Fees 32,450 6,450 38,900
Salaries Expense 24,500 400 24,900
Interest Expense 2,250 800 3,050
Supplies Expense 0 4,150 4,150
Depreciation Expense 0 3,800 3,800
Totals $113,850 $113,850 $15,600 $15,600 $121,300 $121,300
Preparing Income Statement:-
Solutions Company
Income Statement
For the Year Ended December 31
Accounts Amount Amount
Revenue:-
Rental Fees $38,900
Total Revenue $38,900
Expenses:-
Salaries Expense $24,900
Interest Expense 3,050
Supplies Expense 4,150
Depreciation Expense 3,800
Total Expenses ($35,900)
Net Income $3,000
Preparing Statement of Retained Earnings:-
Solutions Company
Statement of Retained Earnings
For the Year Ended December 31
Accounts Amount
Retained Earnings 14,200
Net Income 3,000
$17,200
Dividends (9,500)
Retained Earnings, Ending $7,700
Preparing Balance Sheet:-
Solutions Company
Balance Sheet
December 31
Accounts Amount Amount
Assets:-
Cash $20,000
Accounts Receivable 2,450
Supplies 3,450
Machinery 50,000
Accumulated Depreciation (23,800)
Total Assets $52,100
Liabilities:-
Accounts Payable $0
Interest Payable 800
Salaries Payable 400
Unearned Rental Fees 3,200
Note Payable 30,000
Total Liabilities $34,400
Stockholders Equity:-
Common Stock $10,000
Retained Earnings, Ending 7,700
Total Stockholders Equity $17,700
Total Liabilities and Stockholders Equity $52,100
Preparing Closing Entries:-
Solutions Company
General Journal
December 31
Date Accounts Title and Explanation Debit Credit
December 31 Rental Fees $38,900
Income Summary $38,900
(To close Revenue Account)
December 31 Income Summary $35,900
Salaries Expense $24,900
Interest Expense $3,050
Supplies Expense $4,150
Depreciation Expense $3,800
(To close Expenses Accounts)
December 31 Income Summary $3,000
Retained Earnings $3,000
(To close Income Summary)
December 31 Retained Earnings $9,500
Dividends $9,500
(To close Dividends Account)
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Search the library and the Internet for information pertaining to the ethical violation made by an organization, past or present, and be sure not to identify the organization. See if this incident has occurred in other organizations; give 2 examples and their outcomes. (OWN WORDS)
Legitimizations that are Substantial for the Association's Activities Business ethics issues length a great many subjects inside an association's ethical rules. Straightforward moral issues in business include empowering conduct that depends on genuineness and trust, however more complicated issues include obliging variety, humane navigation, consistence, and administration that is reliable with the association's fundamental standards.
Business ethics, typically alluded to as corporate morals, is a subset of applied morals or expert morals that resolves moral or moral issues that might come up in the work environment.
It is critical to the activities of the two individuals and whole organizations and is relevant to all features of business behavior.
People, authoritative declarations, or the overall set of laws all add genuineness to these morals.
These guidelines, goals, moral convictions, and untrustworthy conduct act as an organization' core values.
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10. What happens during a bank run?
The price of gold suddenly increases, which devalues bank deposits.
States charter more banks than needed.
The government orders a bank to close.
Customers attempt to withdraw more money than the bank has on hand.
The thing which happens during a bank run is:
Customers attempt to withdraw more money than the bank has on hand.What is a Bank Run?This refers to the mass withdrawal of funds by a large number of customers where the banks are unable to pay everyone because they do not have the capacity to make such large withdrawals.
With this in mind, we can see that during a bank run, the main thing which pushes people is the fear of insolvency so that they would not lose their money.
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uses a periodic inventory system. The company has a beginning inventory of 350 units at $6 each on January 1. Hentertainment purchases 600 units at $5 each in February and 250 units at $7 each in March. There were no additional purchases or sales during the remainder of the year. Hentertainment sells 400 units during the quarter. If Hentertainment uses the LIFO method, what is its cost of goods sold
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Imagine the products are in decline and recommend an extension strategy for each one. Make sure you explain your
A Galaxy chocolate bar
Candy Crush mobile app.
Evian water
Ferrari world.
All of these products should use a rebranding extension strategy.
Once a product reaches maturity and the market is saturated, it gradually starts to decline.
Because of this, one approach to lengthen the life of a product strategy is to always seek out ways to make it better, different, and even stand out from similar products that have already hit the market.
Rebranding, offering discounts, and looking for new markets are all examples of extension strategy methods. Rebranding is the process of giving an existing product a fresh look and feel in order to set it apart from the competition. For instance, a cosmetics company might provide additional brushes, blenders, or sponges.
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'when people in the united states call a helpline or make an airline reservation, they may be to someone in mumbay(bombay), india who has been trained to speak english with an american accent." This statement refers to the important aspects of globalisation. Can you discuss the reasons why operations managers would consider such an aspect
The reasons why operations managers would consider globalization is that globalization gives businesses the chance to access new consumers in new markets, which drastically changes how successful manufacturers can conduct their business as well as bring about a boast in sells and thereafter more profit.
What is the impact of globalization on operations?As a result of globalization, businesses are now able to use operational strategies to target a wider range of consumers with their goods and services in order to increase profit and market share and, ultimately, reduce the risk of product failure thanks to thorough product and geographic market research.
Therefore, the reason given above is the point that operations managers need to consider in regards to globalization
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When two clerks sharing the same cash register is a violation of which internal control principle is violated?
a. Establish responsibilities
b. Maintain adequate records
c. Insure assetsBond key employees
d. Apply technological controls
Option A Establish responsibilities
Explanation:
Establishment of responsibility refers to a very basic characteristic of internal control, an employee is responsible for the task he is assigned to do.
Establishment of responsibility refers to a very basic characteristic of internal control, an employee is responsible for the task he is assigned to do.For example, who is responsible for any money missing in the cash register? If both cashiers share the same cash register, how can you assign responsibilities
A long-term incentive is a type of
incentive given to employees that
is designed to be paid over
or longer.??
Ellcrys Corp. writes 71 checks a day for an average amount of $537 each. These checks generally clear the bank 3.75 days after they are written. In addition, the firm generally receives 68 checks with an average amount of $622 each. Deposited amounts are available after an average of 3.25 days. Is this a disbursement or collection float? What is the value of the float?
Answer:
Yes
Disbursement float of $5,515
Explanation:
Yes Based on the information given this a DISBURSEMENT FLOAT
Calculation to determine the value of the float
First step is to calculate the Disbursement float
Disbursement float = 71 × $537 × 3.75 days
Disbursement float = $142,977
Second step is to calculate the Collection float
Collection float = 68 × $622 × 3.25 days
Collection float = $137,462
Now let calculate the value of the float
Value of the float =$142,977 - $137,462
Value of the float = $5,515
Therefore the Value of the float will be $5,515
Plss help me NO LINKS AND I MEAN IT NO LINKS IF LINKS YOU WILL BE REPORTED AND DON'T DO IT JUST FOR POINTS
Companies perspective: I believe the benefits of gated content is giving content to a specific amount of people.
Customers perspective: The content is nice because, it gives me access.
Please answer the question picture above.
Answer: No i would not
Explanation:
Since the features and functions of complex products like CRM or ERP are not easy to identify, ________ is a major task when implementing enterprise systems.
Parker Company uses a job-order costing system and applies manufacturing overhead to jobs using a predetermined overhead rate based on direct labor-hours. Last year manufacturing overhead and direct labor-hours were estimated at $50,000 and 20,000 hours, respectively, for the year. In June, Job #461 was completed. Materials costs on the job totaled $4,000 and labor costs totaled $1,500 at $5 per hour. At the end of the year, it was determined that the company worked 24,000 direct labor-hours for the year and incurred $54,000 in actual manufacturing overhead costs. Required: a. Job #461 contained 100 units. Determine the unit product cost that would appear on the job cost sheet. b. Determine the underapplied or overapplied overhead for the year.
Answer:
Instructions are below.
Explanation:
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (50,000/20,000)
Predetermined manufacturing overhead rate= $2.5 per direct labor hour
Now, we can determine the total cost and unitary cost of Job 461:
Direct labor hours= 1,500/5= 300
Total cost= 4,000 + 1,500 + 2.5*300= $6,250
Unitary cost= 6,250/100= $62.5
To calculate the under/over allocation, first, we allocate overhead for the whole company:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 2.5*24,000= $60,000
Under/over applied overhead= real overhead - allocated overhead
Under/over applied overhead= 54,000 - 60,000
Under/over applied overhead= $6,000 overallocated
6. Choose a good you are familiar with, and analyze its economic utility, using the questions below. NOTE: Choose a good for this exercise, not a service.
a. What type of good did you choose? (1 sentence. 1.0 points)
b. Describe the form utility of the product you chose. What makes its form useful? Can you think of any improvements that could be made to its form utility? (1-3 sentences. 2.0 points)
c. Describe the place utility of the product. Can you think of any improvements that could be made to its place utility? (1-3 sentences. 2.0 points)
d. Describe the time utility of the product. Can it be improved at all? (1-3 sentences. 2.0 points)
e. Describe the possession utility of the product. Can it be improved at all? (1-3 sentences. 2.0 points)
f. Describe the information utility of the product. Can it be improved at all? (1-3 sentences. 2.0 points
DONT JUST PUT AN ANSWER FOR POINTS
Answer:
a. What type of good did you choose? (1 sentence. 1.0 points)
The good I chose was a tshirt.
b. Describe the form utility of the product you chose. What makes its form useful? Can you think of any improvements that could be made to its form utility? (1-3 sentences. 2.0 points)
The form utility of the t-shirt is that it is a ready-to-wear product. You don't need to look for other items to complete it.
c. Describe the place utility of the product. Can you think of any improvements that could be made to its place utility? (1-3 sentences. 2.0 points)
The place utility of a t-shirt is that it is easily accessible to the buying public. Nowadays, you have the option to go to shopping malls, boutiques, and even online stores to buy t-shirts.
d. Describe the time utility of the product. Can it be improved at all? (1-3 sentences. 2.0 points)
The time utility of a t-shirt is that it is can easily be bought when needed. There is no waiting time for a shirt to be completed. Because of its various styles, designs, colors, and sizes, it can cater to everybody's needs at anytime.
e. Describe the possession utility of the product. Can it be improved at all? (1-3 sentences. 2.0 points)
The possession utility of a t-shirt is that once it has already been paid for, customers immediately become its owner. You can immediately wear it after purchase without hassle.
f. Describe the information utility of the product. Can it be improved at all? (1-3 sentences. 2.0 points)
The information utility of a t-shirt is that because it is a staple in everybody's closet. From toddlers to adults, t-shirts are vastly available, accessible, and affordable. All economic utility of a t-shirt is good because it meets the needs and wants of the clients.
Explanation:
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Which two of these are essential for completing an initial mortgage loan application?
Home purchase price
Proof of income
Current debts and credit history
Name of insurance agent
$2,500 in savings
Answer:
2 and 3
Explanation:
Proof of income and Current debts and credit history
Factors of production are the parts of the economy that:
O A. protect consumers during difficult economic times
O B. prevent the government from interfering with the economy.
O C. are necessary for creating goods and services.
D. measure the health of an economy at any time.
SUBM
Factors of production are the parts of the economy that Option C. are necessary for creating goods and services.
Factors of production are the essential elements that contribute to the creation of goods and services within an economy. Factors of production are necessary for creating goods and services.
These factors include land, labor, capital, and entrepreneurship. Land refers to the natural resources used in production, such as water, minerals, and fertile soil. Labor involves the human effort and skills applied to produce goods and services. Capital includes the tools, machinery, and infrastructure required for production, while entrepreneurship involves the innovation, risk-taking, and management skills necessary to organize and operate a business.
Together, these factors of production work in harmony to transform raw materials into goods and services that can be consumed by individuals, businesses, and governments. The efficiency and effectiveness of these factors determine the overall productivity of an economy, as well as its ability to grow and generate wealth.
In summary, factors of production are essential components of an economy that enable the creation of goods and services. By utilizing land, labor, capital, and entrepreneurship, societies can generate valuable products and services that contribute to economic growth and improved standards of living. Therefore, the correct option is C.
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List and describe five potential strategies for conflict resolution in teams. Which methods have been found to be most effective in teams? Which method is likely to be most successful if your manager likes to be involved in every decision?
Explanation:
Some efficient strategies for resolving conflicts in teams can be: assessing the situation, improving communication, providing feedback, redesigning work, collaboration, including employees in the decision.
The most effective methods are usually those that integrate several factors that act directly on the central motivator that is generating the conflicts, so it is necessary to analyze the situation, improve an effective communication about the team's objectives, provide feedback so that team members feel motivated to develop their skills in the best way, redesigning the work so that each employee is exercising the function that best suits their skills and the inclusion of employees in the team's decision-making processes, which creates a sense greater appreciation of work.
In the case of managers who are involved in all decisions, it is more appropriate to use the collaborative method, actively participating in the team's challenges, providing help and assisting subordinates in their demands in favor of the team's success.
10 principles of economics
The 10 principles of economics were given by Gregory Mankiw.
These principles are:
People face tradeoffs: it means that to get one thing, one has to give up on another thing.The cost of Something is What You Give Up to Get It: it refers to the opportunity cost you incur on doing something else. Rational people think at the margin: considering the marginal cost of the product.People Respond to Incentives Trade Can Make Everyone Better Off: trading helps a country in being self-sufficient and enjoying more goods and services. Markets Are Usually a Good Way to Organize Economic Activity. Governments Can Sometimes Improve Economic Outcomes: Government can intervene to allocate resources efficiently.The Standard of Living Depends on a Country's Production: the standard of living increases as the consumption of goods and services, increases.Prices Rise When the Government Prints Too Much Money: when there's a lot of money flowing the market, it will increase the demand for goods which will increase the cost of goods, ultimately leading to inflation.Society Faces a Short-Run Tradeoff Between Inflation and Unemployment.Learn more about "Principles of economics":
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The market structure of the local pizza industry is best characterised by monopolistic competition. Pizza Shack is one of the producers in the local market. The market demand for Pizza Shack is: Qd = 225 – 10P. Pizza Shack’s cost function is: C(Q) = 0.15Q^2 Where Q^2 refers to q squared 3. Derive the total revenue equation:
The total revenue equation for Pizza Shack is $810.
To derive the total revenue equation for Pizza Shack, we need to use the demand equation and the price equation. The price equation is derived from the cost function, which is C(Q) = 0.15\(Q^{2}\).
To find the marginal cost, we need to take the derivative of the cost function with respect to Q, which is:
MC = 0.3Q
Now, to find the optimal price and quantity that Pizza Shack should produce, we need to set the marginal cost equal to the marginal revenue. In monopolistic competition, the marginal revenue is the change in total revenue when one more unit is sold, which is given by the derivative of the total revenue equation.
The demand equation for Pizza Shack is:
Qd = 225 – 10P
To find the price equation, we need to solve for P:
Qd = Qs
225 – 10P = Q
P = (225 – Q)/10
Now, we can plug in the price equation and the cost function into the revenue equation, which is:
TR = P x Q.
TR = (225Q – \(Q^{2}\))/10
To find the optimal quantity, we set the marginal cost equal to the marginal revenue:
MC = MR
0.3Q = (225 – 2Q)/10
3Q = 225 – 2Q
5Q = 225
Q = 45
Now that we have the optimal quantity, we can plug it back into the price equation to find the optimal price:
P = (225 – Q)/10
P = (225 – 45)/10
P = 18
Therefore, the total revenue equation for Pizza Shack is:
TR = P x Q
TR = 18 x 45
TR = $810
In conclusion, the total revenue equation for Pizza Shack is $810, and it is derived from the demand equation and the price equation, which are both based on the market structure of monopolistic competition.
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