a) The cost that would be included in Manufacturing Overhead is Electricity because it pertains to production while the other indirect cost (Rent) relates to the Retail Store (sales).
b) The balance in the Manufacturing Overhead Account as of year-end should be $2.27 until it is applied to the Work-in-Process account.
What are the manufacturing overhead costs?Manufacturing overhead costs are the indirect costs incurred in the factory for the production of goods (units or jobs).
Some manufacturing overheads include indirect labor costs, materials, and other variable and fixed manufacturing expenses.
These costs or expenses are termed as indirect because they cannot be directly traced to units or jobs but are generally allocated to units and jobs using some predetermined criteria.
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If you paid $1050 for a $1000 10-year bond that pays an 11% annual interest payment, the bond's yield is
The bond yield of the bond that cost $1050, has a face value of $1000 and an annual interest payment of 11% is 10.18%.
What is the bond yield?The bond yield is the inerest rate that would equate the cost of the bond with its face value and interest payments.
The bond yield can be determined with a financial calculator:
Cash flow in year 0 = $-1050 Cash flow each year from year 1 to 10 = $110 Cash flow in year 10 = $1000Bond yield = 10.18%
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identify a specific firm or a type of business which illustrates the shutdown concep
A specific firm that illustrates the shutdown concept is a small family-owned restaurant.
What is an example of a business that demonstrates the shutdown concept?A small family-owned restaurant is a prime example of a business that exemplifies the shutdown concept. These establishments often operate on thin profit margins and rely heavily on consistent customer flow to cover their expenses and maintain profitability.
When faced with unforeseen circumstances such as economic downturns, natural disasters, or public health emergencies like the COVID-19 pandemic, these restaurants can face significant challenges that may ultimately lead to their closure.
The shutdown concept refers to the closure or cessation of operations of a business, either temporarily or permanently. It occurs when a company is unable to sustain its operations due to various reasons, such as financial difficulties, lack of demand, or external factors beyond its control. In the case of small family-owned restaurants, factors like declining revenue, increased competition, rising operating costs, or government-mandated closures can all contribute to the decision to shut down.
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A firm that competes using the development strategy of innovation is characterized by:_________
The correct answer is a need to be a first-mover.
The definition of strategy is "The course an organization follows to achieve future commercial success." An organization's strategy outlines how it plans to use its resources, including the expertise and knowledge of its workforce as well as financial and material assets, to fulfill its purpose or ultimate objectives and realize its vision.
The process of analyzing and discovering strategic possibilities, choosing the most promising ones, and deciding how resources will be distributed within the organization to achieve goals is known as strategy development. Developing a new product is frequently as easy as taking an existing one, making a few minor changes, and selling it to your current market. Customers who already own the existing version of your product may decide to purchase your new one because this offers value for them.
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what is the primary reason unbanked households do not have a bank account?
There are numerous reasons why individuals avoid banks, but fees or minimum balance limitations were named as the main one by 29.2% of unbanked households.
Which account is usually opened for unbanked persons?Through financial literacy programmes, PMJDY provides unbanked individuals with simple access to banking services and financial product knowledge. They also receive a RuPay debit card with a Rs. 1,000 accident insurance benefit.
What is an example of unbanked?Unbanked people are those who don't use traditional financial services like checking or savings accounts and frequently transact in cash while using alternative financial services like payday loans or check cashing.
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Activity 3
Calculate Profit
Answer: See explanation
Explanation:
Profit is calculated as:
= Selling price - Cost price
1. Selling price = 1353
Cost price = 1230
Profit = Selling price - Cost price
= 1353 - 1230
= 123
2. Selling price = 1350
Cost price = 900
Profit = Selling price - Cost price
= 1350 - 900
= 450
3. Selling price = 1500
Cost price = 1200
Profit = Selling price - Cost price
= 1500 - 1200
= 300
4. Selling price = 2960
Cost price = 850
Profit = Selling price - Cost price
= 2960 - 850
= 2110
the capm predicts that a security with a beta of 0 will have an expected return of zero. explain whether this statement is true or not.
According to the capital asset pricing model (CAPM), a security with a beta of 0 will have an expected return of zero. This statement is considered true.
CAPM is a widely used model to calculate the expected return on assets based on the risk-free rate of return, market risk premium, and the asset's beta value. Beta measures the risk of an asset, and a beta of 0 implies that there is no correlation between the asset's returns and the market's returns.
In such cases, the expected return of the asset would be equal to the risk-free rate of return, which is usually zero.The CAPM theory suggests that the expected return of any security, including stocks and bonds, can be calculated as follows.
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How believable and authoritative someone is refers to:
OA. credibility and character.
B. the audience and their expectations.
OC. appeals and arguments.
OD. emotions and logic.
According to the question, believable and authoritative someone is refers to credibility and character.
What is authoritative?Authoritative is a type of leadership style where a leader has the final say in decisions and is respected by the team. It involves a leader setting clear goals and expectations and providing instructions on how to complete tasks. The leader is also firm and consistent in enforcing the rules and expectations, and provides guidance and support when needed. This type of leadership is often suited to situations where a leader needs to take a decisive action or make a quick decision. It also works well when a team is working on a specific task that requires discipline and focus. Authoritative leaders are often seen as strong and respected, and their teams are typically well-organized and productive.
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Questionnnnnnnnn helppppp
Explanation:
Nationalization often happens in developing countries and can reflect a nation's desire to control assets or to assert its dominance over foreign-owned industries. Often, the companies or assets are taken over and little to no compensation is provided to the previous owners. It is used to gain profit and control the industry.
Which of the following is a job from the past which no longer exists?
Media buyer
O Typist
Mail deliverer
Lamplighter
Answer:
Lamp lighter
Explanation:
Very few exist today as most street lighting has long been replaced by electric lamps.
Explain an Argument In the section "Consequences of Ending Rent Control," you read that most economists argue that the benefits of ending rent control exceed the costs. Do you agree? Why or why not?
Answer:
Disagree Option
Explanation:
Setting prices ceilings on rent can cause the balance in supply and demand to fall short of each other. For example, let's say the equilibrium for supply and demand was 5 apartments for $100 a month and that the supply at $100 was 5 apartments. If you created a price ceiling at $90, this would cause a greater demand but less of a supply generating an apartment shortage.
when a business pays cash on accounts, and accounts payable account is:
A) Increased by a credit
B) Decreased by a debit
C) increased by a debit
D) Decreased by a credit
Answer:
I think its A
Explanation:
A public radio station with a June 30 year end collects $100,000 in annual membership dues every January 1. Paying membership dues provides few direct benefits, which are not restricted to members. On January 1, the radio station should record the $100,000 as ______.
Answer:
Deferred Revenue
Explanation:
The public radio station has a year ending of June 30 and collects these dues on an annual basis therefore the dues received in January 1 are not yet earned. Under accrual accounting, and applying the revenue recognition principle, revenue which is received in this way has not yet been earned since these dues are collected/recorded annually but are billed before(january 1)the year end,and therefore are charged as liability until they are earned at year end then they are converted to revenue
Assume the economy is in a recessionary gap. a. What action should the Fed take to try to move the economy back to long run equilibrium? Is this contractionary or expansionary monetary policy? b. Briefly explain how this action by the Fed would affect the economy as a whole (AD/AS). Use graphs to illustrate your explanation.
The policy response to a recessionary gap is to move the aggregate expenditure schedule from AE0 to AE1 by enacting measures like tax reductions or increased public spending.
At potential GDP, the new equilibrium E1 then materializes. (b) An inflationary gap exists if the equilibrium is reached at an output that is higher than the potential GDP. To narrow the gap and boost real GDP, policymakers may decide to enact a stabilization policy (expansionary policy).
Lowering interest rates and increasing government spending are two ways that monetary authorities could raise the amount of money in circulation in the economy. Every economy experiences short-term fluctuations in GDP when it enters or emerges from recession. Recessions are depicted in the AD/AS diagram when real GDP is at its equilibrium level.
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If in a specified year nominal gross domestic product grew by 11 percent and real gross domestic product grew by 4 percent, inflation for this year would be
Answer:
6.73%
Explanation:
(1 + nominal GDP) = (1 + Inflation) X (1 + real GDP)
(1.11) = (1 + Inflation) x 1.04
(1 + Inflation) = 1.11/1.04
(1 + Inflation) = 1.0673
inflation = 0.0673
inflation = 6.73%
Telling customers that they only have until midnight to get sale prices is an appeal to
A. ethos.
B. logos.
C. pathos.
D. kairos.
Answer:
D. kairos.
Explanation:
Telling customers that they only have until midnight to get sale prices is an appeal to kairos.
Answer:
It's d
Explanation:
c) what is the optimal order quantity and total annual cost of ordering, purchasing, and holding the component?
The optimal order quantity and the total annual cost of ordering, purchasing, and holding the component can be determined using the Economic Order Quantity (EOQ) formula.
The EOQ formula is used to calculate the optimal order quantity that minimizes the total cost of ordering, purchasing, and holding inventory.
To determine the optimal order quantity and the total annual cost of ordering, purchasing, and holding the component, follow these steps:
Step 1: Calculate the Economic Order Quantity (EOQ)
EOQ = √(2DS / H)
Where:
D = annual demand for the component
S = cost per order
H = holding cost per unit per year
Step 2: Calculate the Total Annual Cost
Total Annual Cost = (EOQ x H) / 2 + (D x S) / EOQ + (D x P)
Where:
P = purchase cost per unit
Note that you will need the values for annual demand (D), cost per order (S), holding cost per unit per year (H), and purchase cost per unit (P) to perform these calculations. Once you have the required values, plug them into the formulas to determine the optimal order quantity (EOQ) and the total annual cost associated with ordering, purchasing, and holding the component.
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how do you convert a series of nominal economic data over time to real terms?
To convert nominal economic data into real terms, you need to adjust for inflation.
This is done by using a price index such as the consumer price index (CPI) or the gross domestic product (GDP) deflator. You divide the nominal value by the index value for the corresponding period and multiply by 100 to get the real value.
For example, if nominal GDP in 2019 was $20 trillion and the GDP deflator for 2019 was 110, the real GDP for 2019 would be $18.18 trillion ($20 trillion/110 x 100). This allows for a more accurate comparison of economic data over time as it reflects changes in purchasing power due to inflation.
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What is the term of shipping directly from the supplier to the end consumer rather than from the seller, saving both time and reshipping costs?.
Drop shipping is the word of shipping straight from the supplier to the end consumer rather than from the seller.
Drop-shippingDrop-shipping is where a vendor sets up a website and sells products that the merchant does not keep in stock. When an order is placed, the dealer sends it to a third party — the manufacturer, other retailer, or a wholesaler — who ships the goods directly to the buyer.
By eradicating the requirement to maintain physical inventory, dropshipping lessen the management overhead traders that face. They do not require to spend time tracking inventory, operating the infrastructure that houses it, or managing shipping, which is outsourced to suppliers.
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What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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The New York Times is attempting to adapt to the digital news revolution by doing all of the following EXCEPT
A. offering a lower priced online subscription trial.
B. publishing issues only online.
C. creating an app for smartphone/tablet.
D. including an online archive.
How do the amount of time you have to save and the interest you
Can earning relate to achieving financial goals?
The amount of time you have to save and the interest you can earn are both crucial factors in achieving your financial goals.
A longer savings period allows you to accumulate more funds and take advantage of compound interest, which is the process of earning interest on both the principal and previously earned interest. This can significantly increase your total savings over time. The interest rate you can earn also plays a vital role in reaching your financial goals.
Higher interest rates allow your savings to grow more quickly, as you earn a larger amount on your deposits. By choosing savings or investment options with competitive interest rates, you can optimize your savings growth and achieve your financial goals more efficiently. Both the duration of your savings plan and the interest rate you can earn are essential elements in accomplishing your financial objectives.
Thus, balancing these factors and regularly monitoring your progress can help you stay on track and reach your desired financial milestones.
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Which function identifies prospects in the marketplace, works with research and development to create products, develops promotion strategies, and establishes prices?
The function that identifies prospects in the marketplace, works with research and development to create products, develops promotion strategies and establishes prices is known as Marketing.
What is Marketing?It refers to the process of creating, distributing, pricing and promoting goods, services in order to facilitate satisfying exchange relationships with customers and develop and maintain favorable relationships with stakeholders in a dynamic environment.
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What term is best described as the additional satisfaction gained from purchasing a good given the price of the product?.
Please note that the term marginal utility is used to describe the additional benefit or utility gained by a consumer from purchasing and using an additional unit of a product or service.
What is Marginal Utility used for?In social science - economics, Marginal Utility is used to calculate how much of an item or service a consumer will be ready or willing to purchase.
It aids the economist to determine consumer behavior in relation to the way a person would spend their income on various goods in order to gain the most benefit possible.
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three students have each saved $1,000. each has an investment opportunity in which he or she can invest up to $2,000. here are the rates of return on the students’ investment projects:
Here are the rates of return on the students' investment projects:
1. Student 1: Rate of return - 5% per year 2. Student 2: Rate of return - 3% per year 3. Student 3: Rate of return - 7% per year Now, let's calculate the maximum amount each student can invest: 1. Student 1 has $1,000 saved, so the maximum amount they can invest is $1,000. 2. Student 2 also has $1,000 saved, so the maximum amount they can invest is $1,000. 3. Student 3 also has $1,000 saved, so the maximum amount they can invest is $1,000. Therefore, each student can invest up to $1,000 in their respective investment opportunities.
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Which is an environmental cost of moving contaminating industries from developed countries to developing countries?
Moving contaminating industries from developed countries to developing countries can result in increased pollution, environmental degradation, and adverse health impacts in the receiving countries due to weaker environmental regulations.
One of the environmental costs of relocating contaminating industries from developed countries to developing countries is the potential for increased pollution and environmental degradation in the receiving countries. This transfer often occurs due to weaker environmental regulations and enforcement in developing nations.
The lack of stringent controls may result in higher emissions of pollutants, improper waste disposal, and unsustainable resource extraction practices. These activities can lead to air and water pollution, deforestation, soil degradation, and negative health impacts on local communities.
Additionally, the movement of contaminating industries may contribute to a global "pollution haven" effect, where environmental damage is simply shifted from one region to another rather than being mitigated.
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Objectives
Assess how a company successfully manages and encourages corporate ethical standards
Assess the multi-layers of corporate social responsibility that are exemplified by the company
Identify any contradictions or areas for improvement
Instructions
Students are to choose and write a short paper on a company that is an exemplar of ethics and social responsibility.
Review the company posted by your Professor at the end of Unit 1 in the "Important Announcements" section of the course.
Prepare a report that includes:
The background to the company and its situation and relevance to the industry (or industries) it is associated with
A discussion of how the company encourages ethical and responsible business standards.
The report should be a maximum of five pages double spaced (excluding title page and reference page), and should follow APA referencing style.
A minimum of four academic references should be included.
TATA AND SONS - COMPANY NAME
Tata and Sons, a multinational conglomerate based in India, is known for its exemplary ethics and commitment to corporate social responsibility.
This paper assesses how Tata and Sons successfully manage and encourages corporate ethical standards, as well as the multi-layers of corporate social responsibility exemplified by the company. It also aims to identify any contradictions or areas for improvement within Tata and Sons' ethical and social responsibility practices.
Tata and Sons has a rich background and is associated with various industries such as automotive, steel, information technology, telecommunications, and hospitality, among others. The company's commitment to ethical business practices is deeply rooted in its founding principles and the Tata Code of Conduct. Tata and Sons prioritize integrity, transparency, and accountability throughout their operations and interactions with stakeholders. They have established robust governance mechanisms, ethical guidelines, and compliance programs to ensure adherence to these standards.
In terms of corporate social responsibility, Tata and Sons have taken a multi-layered approach. The company actively promotes sustainable development, environmental stewardship, and social welfare. They have implemented initiatives to address social issues such as education, healthcare, and poverty alleviation through their philanthropic arm, the Tata Trusts. Additionally, Tata and Sons prioritize employee well-being, diversity, and inclusion, and actively engage in community development projects. They also promote responsible supply chain practices and engage in fair trade initiatives.
While Tata and Sons have demonstrated a strong commitment to ethical standards and corporate social responsibility, there may be areas for improvement. As the company operates in diverse industries, ensuring consistent implementation and monitoring of ethical practices across all subsidiaries and business units could be a challenge.
Additionally, stakeholders and experts have raised concerns about the impact of Tata and Sons' operations on certain communities and the environment. It is crucial for the company to address these contradictions and work towards further enhancing its sustainability practices and stakeholder engagement.
In conclusion, Tata and Sons serve as an exemplar of ethics and social responsibility. The company's commitment to ethical business practices, sustainable development, and social welfare is evident through its governance mechanisms, philanthropic initiatives, and employee-centric policies.
However, it is important for Tata and Sons to address any contradictions or areas for improvement to further strengthen their ethical and social responsibility practices. By doing so, the company can continue to serve as a role model for others in the industry and make a positive impact on society and the environment.
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2. What are some banks, non-banks, technology and retail companies? Name 1 of each and explain what they are and what they do?
Banks are businesses that provide a range of financial services, such as mortgages, savings accounts, and loans. JPMorgan Chase, one of the biggest banks in the US, is an illustration of a bank. Financial services offered by JPMorgan Chase include banking, investing, and credit card services.
What are retail companies?Businesses that sell goods directly to customers are known as retail companies. Walmart, one of the biggest retailers in the world, is a good example of a retail business. Walmart runs a network of grocery stores, discount department stores, and hypermarkets and provides customers with a variety of goods and services.
Companies that provide financial services but lack a banking license are known as non-bank financial institutions. American Express, a provider of credit cards, debit cards, and other financial services, is one example of a non-bank financial institution.
Therefore, banks, non-banks, technology, and retail companies are stated above.
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the owner of a successful bakery lives in a country which supports a strict laissez-faire economic doctrine. what does this mean for the baker?
There are few government controls to interfere with the running of her business.
What is government controls?
Economic and other restrictions imposed by any government agency, such as those based on the U.S. Foreign Corrupt Practices Act, the U.S. Export Administration Act, the U.S. Arms Export Control Act, and other laws or presidential orders, are referred to as "government controls."
The economic doctrine of laissez faire likens the operation of a free market to the process of natural selection. Strict advocates of laissez-faire economics maintain that government interference with business tampers with the laws of nature, obstructing the workings of the free market.
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What is the expected value of each option?
Suppose a customer at a restaurant is deciding whether or not to order dessert. Marginal thinking means that the customer should compare: Group of answer choices the additional benefit from the dessert with the additional cost of the dessert. the total benefit from the entire meal and dessert with the additional cost of the dessert. the total benefit from the entire meal and dessert with the total cost of the meal and dessert. the marginal benefit from the meal with the marginal cost of the dessert. PreviousNext
Answer:
the additional benefit from the dessert with the additional cost of the dessert.
Explanation:
According to economics, everyone should act by comparing the marginal benefits obtained by purchasing a good or service vs the marginal cost of obtaining this good or service.
In this case, the customer places a certain value on the utility received from consuming dessert, and if that value is equal or higher to the cost of the dessert, then the consumer will order and eat it. If the perceived value of the benefits received form consuming the dessert are lower than the cost of the dessert, then the consumer will not order it.