A charter is being drafted for a newly formed internal auditing department. Which of the following best describes the appropriate organizational status that should be incorporated into the charter?
A: The director of internal auditing should report to the chief executive officer but have access to the board
of directors.
B: The director of internal auditing should be a member of the audit committee of the board of directors.
C: The director of internal auditing should be a staff officer reporting to the chief financial officer.
D: The director of internal auditing should report to an administrative vice president.

Answer:

The Journal entries are as follows:

(i) On July 2,

Cash A/c Dr. $14,000

   To common stock     $14,000

(To record the common stock)

(ii) Only July 4,

Utility expenses A/c Dr. $370

    To cash A/c                          $370

(To record the utility expenses paid)

(iii) Only July 5,

Equipment A/c Dr. $1,600

    To accounts payable A/c      $1,600

(To record equipment purchased on account)

(iv) Only July 10,

Account receivables A/c Dr. $2,900

    To service revenue A/c      $2,900

(To record Performed services for a client on account)

(v) Only July 12,

Cash A/c Dr. $7,100

   To notes payable    $7,100

(To record the borrowed cash on notes payable)

(vi) Only July 19,

Dividend A/c Dr. $200

   To cash                    $200

(To record cash dividend paid to stockholders)

(vii) Only July 21,

Office supplies A/c Dr. $840

   To cash                               $840

(To record office supplies paid cash)

(viii)  Only July 27,

Accounts payable A/c Dr. $1,600

   To cash                               $1,600

(To record the liability paid)

The journal entries for Lawrence Engineering include transactions such as receiving contributions, paying expenses, purchasing equipment, performing services, borrowing cash, paying dividends, and buying office supplies.

Explanation:

1. A result block that shows a list of two restaurants serving Italian food in Boston. (True or False)

False. The result block contains a list of restaurants in Boston that serve Italian food.

2. The homepage of the most-highly rated Italian restaurant in Boston. (True or False)

True. Which presents the homepage of Boston's most popular Italian food such as Alfredo's Italian cuisine, Mamma Maria, etc.

3. A result block that has a prominent link to the official website of a highly-rated Italian restaurant in Boston, along with visit-in-person information (e.g., directions, phone number). (True or False)

False, The Result Block displays the list of leading restaurants but does not display the link to the site or the visit details.

4. A result block that shows the phone in process of calling the most-highly rated Italian restaurant in Boston. (True or False)

False, The result block doesn't display the phone calling the most highly rated Italian restaurants, but shows the name list only with addresses and restaurant dates.

The correct statement that matches the Fully Meets requirement of the Boston Italian Food will be the homepage of the most highly rated Italian restaurant in Boston. So, the correct statement is 2.

The list of the highest rated Italian restaurants in Boston will help the people to explore as to what they can eat and at their friendly budgets in Italian Cuisines offered.

Hence, the correct statement is as the one given under (2) which explains that the homepage of the highest rated Italian restaurants in Boston will be eligible to receive a Fully Meets rating.

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Answer:

A. minimum efficient scale

Explanation:

The minimum efficient scale is the lowest production amount a company can achieve, but it still takes full advantage of scale economies in terms of consumables and costs. The minimum efficiency scale in classical economics is defined as the lowest production point where the long-term total average costs (LRATC) are lowest. The minimum effective scale based on finding the optimal balance between consumer demand, production volume, and costs associated with production and product presentation, with competitive prices. indicates a point that caused it to be able to offer a product. The minimum effective scale can be expressed as a series of production values; however, its relationship to the total market size or demand determines how many competitors can work effectively in the market. Current consumer demand can help determine the level of production that can occur in the industry without taking out too much inventory. When examining product-related costs, an enterprise should consider not only production costs but also storage costs for any unsold inventory. Shipping fees, marketing costs, and public relations activities can also be included.

Costs incurred when determining the lowest efficient scale may vary depending on changing market conditions. For example, rising material or shipping costs can change the ideal spot. Changes in demand can also affect the calculation, as well as changes in applicable laws or regulations that affect production methods. Where employees' wages suddenly change, as with the establishment of a new minimum wage, associated labor costs must be taken into account to correct the increase.

The constant change of the relevant variables requires frequent recalculation of the minimum productive scale and can cause some production changes to keep an enterprise both profitable and competitive in the market. Business can fail if production costs prevent a product from being offered at competitive prices.

Final answer:

The smallest plant size at which the long run average cost curve is at its minimum is called the minimum efficient scale, which represents the most cost-effective level of production before diseconomies of scale set in.

Explanation:

The student is referring to the concept of minimum efficient scale (A), which is the smallest output level at which a firm can produce at the lowest long-run average cost. When a firm reaches this point, it has achieved all the possible economies of scale and any further increase in production may lead to diseconomies of scale. This is distinct from the shut down point (B), where the firm should cease operations because the market price is below the average variable cost at the profit-maximizing quantity of output. In the provided example, economies of scale continue up to a certain size of production (up to point L), but beyond that point (from L to V), there is no further reduction in average costs. If the firm grows too large, it may suffer from diseconomies of scale, as seen in the long-run average cost curve from Q4 to Q5, where average costs start to rise due to the overcomplication of management and disruptions in workflow.

Answer:

The correct answer is letter "B": Program.

Explanation:

A program collects the sets of ideas, projects, and plans companies come up with to pursue and accomplish their objectives. Programs tend to be reviewed periodically to verify if the progress of the goals is made according to what is expected or if there are delays to be adjusted.

A series of coordinated, related, multiple projects aiming for a larger goal is known as program management, which encompasses the use of project management techniques to successfully achieve strategic objectives.

A series of coordinated, related, multiple projects that continue over an extended time period and are intended to achieve a goal is known as program management. Program management is crucial for achieving strategic objectives through the successful coordination and completion of related projects. Each project within a program contributes toward a shared goal, yet may also deliver unique outcomes or products. The importance of program management can be seen in its ability to bring together various projects to achieve a broader, strategic objective in an efficient and focused manner.

Project management plays a vital role in this process, employing a disciplined approach to managing the different components of each project effectively. This involves the coordination of five process groups (initiation, planning, executing, monitoring and controlling, and closing) and understanding of nine knowledge areas including scope, time, cost, quality, human resources, communication, risk, integration, and procurement management. The use of tools like Gantt charts helps in visually tracking project timelines, ensuring that tasks are completed as scheduled, which is essential for the timely completion of the entire program.

Understanding project management is essential for anyone involved in program management, as it provides the foundation for organizing, controlling, and leading projects towards successful completion. Effective program management ensures that all projects align with the overarching goal and are executed efficiently, thereby contributing to the success of the wider objectives that an organization aims to achieve.

Answer:

d. fear

Explanation:

W. Edwards Deming -

He is an electrical engineer and then further did specialization in mathematical physics , where the develop a method of sampling , which is still used in the Bureau of Labor Statistics and  U.S. Department of the Census .

According to W. Edwards Deming , he believed that the elimination of fear at the workplace is important to work happily and peacefully in an organisation.

Which too enables the moral support and motivation , which helps to have better efficiency and productivity , which is important for the organisation.

W. Edwards Deming, an expert in quality management, believed in managing fear in the workplace. He felt fear hinders communication and stops employees from working to their full capacity. Hence, among the options listed, fear is what Deming advocated to remove from a working environment.

W. Edwards Deming, a renowned economist and statistician, is well known for his work in the field of quality management. Very particularly, he emphasized the creation of a work environment where employees feel safe and secure. This is why among the options listed, Deming was most supportive of removing fear from the workplace. He believed that fear hinders communication and prevents employees from working to their full potential and contributing the best to an organization.

Creating an environment with minimal fear facilitates the free exchange of ideas and encourages a culture of improvement and innovation. Deming's philosophy was not against competition, diversity, or hierarchy. It only proposed that such elements should not create an atmosphere of fear or repression, but rather should stimulate positive and productive collaboration.

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Answer:A pair of sandals.

Explanation:Its so obvious stating that the marginal utility derived from sandals is higher compared to the other two items. You maximize your utility by going for the item with highest satisfaction which is glaringly sandals.

You also maximize your utility by considering the item which is economica prudent to one needs or want.

To maximize the utility with a fixed budget, calculate the marginal utility per dollar for each item, then prioritize items with the higher result. In this case, one pair of sandals followed by three bananas would provide the most utility.

The way to maximize utility with a budget of $6 is to calculate the utility per dollar spent for each item and allocate the budget according to the greatest utility per dollar. The utility per dollar for the bananas, pizza slices, and pairs of sandals are 19, 16, and 20 for the first unit; 15, 11, and 5 for the second unit; and 5, 1, and 1 for the third unit, respectively. Given that you can afford 6 items at most, and the sandals offer the highest utility per dollar spent for the first unit, followed by the banana, then the pizza slice, the option that allows you to maximize your utility would be the purchase of 1 pair of sandals, and then 3 bananas if the items are indivisible.

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Answer:

b. tacit

Explanation:

Collusion is a fraudulent agreement entered into between various parties in order to obtain mutual benefits. The term is used in law to refer to illegal agreements. When several companies enter into this agreement, called the collusive agreement, they form a cartel. Such is, for example, the Organization of Petroleum Exporting Countries, or other cases of agreements between multinational companies in the food sector. It is in most cases tacit (tacit collusion): companies stop competing on the price in order to maximize profit by increasing the leverage of productivity or the research and development of new products / services

Tacit collision is when firms select actions to minimize the response of another firm. We can say an example of avoiding the opportunity to cut prices will cut one opposition as it will retaliate against the opposition. In other words, the two firms agree to play a specific strategy without explicitly saying it. Oligopolists mostly inten to avoid price reductions, excessive advertising or other forms of competition. Therefore, there may be unwritten collective codes of behavior, such as pricing (hidden collectivization). One price manager will then emerge and determine the overall industry price and other companies will follow.

Answer:

Explanation:

Cost of goods manufactured  is 85000

Deduct Direct labour  (36300)

Deduct Direct Material used  (16900)

Add Ending WIP  (1000)

Deduct Beginning WIP  (9670)

⇒  Manufacturing OH  (23130)

Answer:

c. remained silent on the issue of slavery.

Explanation:

In the 1848 presidential election, the Democratic and Whig parties  remained silent on the issue of slavery.

Answer:

a. 0.75% per month

b. 2.25% per quarter

c. 4.5% semi- annually

d. 9% yearly

Explanation:

a. Computing the effective interest rate per payment period for the payment schedule which is monthly:

Effective rate (monthly) = Nominal rate (r) / Compounded monthly (m)

where

r is 9%

m is 12

Putting the values above:

= 9% / 12

= 0.75% per month

b. Computing the effective interest rate per payment period for the payment schedule which is quarterly:

Effective rate (quarterly) = Nominal rate (r) / Compounded quarterly (m)

where

r is 9%

m is 4

Putting the values above:

= 9% / 4

= 2.25% per quarter

c. Computing the effective interest rate per payment period for the payment schedule which is semi- annually:

Effective rate (semi- annually) = Nominal rate (r) / Compounded quarterly (m)

where

r is 9%

m is 2 (every 6 months)

Putting the values above:

= 9% / 2

= 4.5% semi- annually

d. Computing the effective interest rate per payment period for the payment schedule which is annually:

Effective rate (annually) = Nominal rate (r) / Compounded yearly (m)

where

r is 9%

m is 1 (end of the year)

Putting the values above:

= 9% / 1

= 9% yearly

Lizzie Shoes would recognize a total of $12,000 in gift card revenue in 2021 and $1,500 in 2022.

Lizzie Shoes would get to recognize the gift card revenue associated with the August 2021 gift card sales in both 2021 and 2022. According to Lizzie Shoes' experience, gift cards that have not been redeemed within 12 months are not likely to be redeemed. In this case, $4,000 of cards were redeemed in September 2021, $3,000 in October, $2,500 in November, and $2,000 in December 2021. So, the revenue associated with these redeemed cards would be recognized in 2021.

In 2022, an additional $1,000 of cards were redeemed in January and $500 in February. The revenue associated with these redeemed cards would be recognized in 2022.

Therefore, the total gift card revenue associated with the August 2021 gift card sales that Lizzie Shoes would recognize in 2021 and 2022 would be $12,000 ($4,000 + $3,000 + $2,500 + $2,000) in 2021 and $1,500 ($1,000 + $500) in 2022.

Final answer:

The answer to the student's question is that Variable cost should increase by 9% when sales increase by 9% in a merchandising company because variable costs move in direct proportion to sales volume.

Explanation:

When sales increase by 9% in a merchandising company, option (A) Variable cost should also increase by approximately 9%. Variable costs are directly tied to the level of production or sales volume, so they vary with changes in sales. When more products are sold, more resources are consumed to produce these products, which results in an increase in variable costs. Fixed costs (B) do not change with sales volume, so they would remain constant. Gross margin (C) is the difference between sales and the cost of goods sold, which includes variable costs, and could increase by a different percentage if the cost structure or pricing changes. The Contribution margin (D) is sales minus variable costs, and it would increase but not necessarily at the same rate as sales since it depends on the contribution margin ratio. Lastly, Net operating income (E) is affected by both variable and fixed costs, and it would only increase by 9% if all other factors remain constant, which is an oversimplification.

Answer:

Explanation:

Risk free rate=2%

Beta = 2

Rm =11%

Risk premium Rm = rm - rf

Fair return= risk free rate + beta *(market return- risk free rate)

= rf+b*(rm-rf)=rf + b * (Risk Premium)

=0.02 + 2 * (0.11 - 0.02)

=0.2

= 20%

A fair return for CBC is 20%.

Answer:

The correct answer is: Organizing.

Explanation:

Organizing is the managerial function by which entrepreneurs shape the company's structure including all the departments necessary to accomplish their objectives. Organizing is important to compress all the ideas entrepreneurs have on how to manage the firm to link those ideas the most suitable possible.

Joe and Jim, planning an Italian restaurant, engage in the management functions of planning by setting goals and organizing by grouping tasks. Their focus on task definition and structuring aligns with initial stages of management.

Joe and Jim, in the process of deciding tasks and grouping them into jobs for their Italian restaurant, are primarily engaged in the management functions of planning and organizing.

**Planning** involves setting objectives and determining in advance the appropriate course of action to achieve those objectives. In this scenario, Joe and Jim are defining the tasks that need to be accomplished, outlining their goals, and strategizing the steps required to open a successful Italian restaurant.

**Organizing** follows the planning stage and involves arranging resources and tasks to achieve the predetermined goals. Joe and Jim are grouping similar tasks into jobs, creating an organizational structure for their restaurant, and allocating responsibilities. This function ensures efficiency and clarity in their operations.

While elements of influencing, controlling, and assigning may be involved later in the management process, the initial act of defining tasks and structuring them falls under the planning and organizing functions. Therefore, the correct answer is a. planning and b. organizing.

The probable question may be:

Joe and Jim are planning to open an Italian restaurant in a st. Louis suburb. when the two of them meet to decide what tasks need to be completed in order to meet their vision and then group like tasks into jobs, which of the following management functions are they undertaking?

a. planning

b. organizing

c. influencing

d. controlling

e. assigning

Answer:

Explanation:

a )

Ratio of GDP on the basis of exchange rate :

GDP of india / GDP of united states

= 78.9 x 10¹⁸ x 1 / 14.5 x 10¹⁸ x 45.7

=  0.12

b )

Ratio of GDP on the basis of commonprices :

GDP of india / GDP of united states

= (78.9 x 10¹⁸  / 14.5 x 10¹⁸ ) x ratio of price level

=  (78.9 / 14.5) x .368

=  2

c ) These two numbers are different because the exchange  rate of currency

is controlled by price level in two countries but exchange rate is also influenced by many other factors including price level . So ratio of price level and exchange rate are different. Exchange rate is also influenced by speculative demand , foreign exchange reserve etc.

Answer:

Access and price relationships

Explanation:

Financial institutions - organizations operating in the financial and credit system. In the interpretation of the Western economic tradition, financial institutions are intermediaries between investors (households) and entrepreneurs (consumers of investments).

Financial markets are mechanisms that enable funds to be transferred from those with excess funds to those with few funds. Financial markets are divided into two as money markets and capital markets in terms of maturity. Money markets are markets where short-term funding supply and demand meet. Here, a short term is a year and a shorter term. Capital markets are the markets where long-term fund supply and demand are encountered. Here, long term is meant for over a year. Financial markets also provide low transaction cost value and prices that reflect the effective-market hypothesis.

We can think of basic relationships. The first concerns about the access. Financial institutions provide access to financial markets on behalf of investors seeking financial assets, such as institutional investors. The second relationship can often be claimed as "price." Financial asset prices (traded in financial markets), research and trading activities in financial assets, the actual cost or price of a particular asset affect the performance of financial institutions that affect the market outlook. For example, if a financial institution holds a significant stake in a particular company, it is a sign of markets (good or bad) and ultimately affects the price that a company is willing to pay for a financial asset. (e.g. stocks, bonds, etc.).

Answer:

Barrier on imports

Explanation:

Cutting down the prices of the Thai shoes by Thailand will render an increased sale of the shoes in the market of United States. By reducing the prices of the shoes, Thailand has made the purchase of its shoes much more affordable for its consumers, this would lead to an increased demand of their shoes. This would not only increase the imports of United States but will also increase the competition for local shoes industries.

Thus a tariff is imposed to retain the original price of the shoes and maintain the level of Balance of Payment for United States trade and shelter the local industry of shoes in the US from foreign competition.

Answer:

The correct answer is letter "A" and "C": Position the bad news strategically between other sentences.; Accentuate the positive.

Explanation:

The objective of the message must be to provide the benefits over the disadvantages of the company being acquired by a large firm. The disadvantages can be provided in between sentences to rest importance but the advantages must be highlighted at every moment to give a positive impression of the acquisition to the employees.

Answer:Is big business that is very competitive today,and is expected to be more important and more competitive in the future.

Explanation: The Global or international market is a multifaceted,with several players and many opportunities, competitions taking place in the world. In the years to the business will become more important and competitive as new entrance from major multinational organizations. For it to survive the management has to put in place COST SAVING APPROACHES, COMPETITIVE PRICING AND ADOPT STRATEGIC PLANNING, SUPERIOR QUALITY PRODUCT,TIMELY EXECUTION OF WORK, GOOD CUSTOMER SERVICE etc are the possible actions to ensure it COMPETES FAVORABLE in the Global business.

Answer:

The correct word for the blank space is: 250.

Explanation:

American salesman Joe Girard (born in 1928) describes in his book "The World's Greatest Salesperson" the 250 law which implies anybody meets an average of 250 in the course of their lives. Under this idea, a salesperson could conclude that having a good relationship with each of those individuals could boost sales. The Girard 250 law tries to explain that is important to keep a good relationship with people -clients for salesmen, so they can refer us in the future.

Answer:

For each can of soda he gets one in return.

Explanation:

If he gets one soda for another the logical answer is that for each trade he gets a soda but it also could mean that those are his two favorite.

Jon's marginal rate of substitution is 1 because Jon sacrificed 1 unit of Coke for one of sprite cane.

As long as the new good is equally fulfilling, a customer will consume more of one good than another, which is known as the marginal rate of substitution (MRS). To examine customer behavior, MRS is employed in the indifference hypothesis.

The calculation for the marginal rate of substitution = change in one good divided by change in another good.

               = one cane of Coke divided by one cane of​ Sprite = 1

Thus, The indifference theory uses MRS to examine customer behavior. Jon sacrificed 1 unit of Coke for 1 sprite cane, therefore his marginal rate of substitution is 1.

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Answer:

The present value of this cash flow will be decreased following the increase in the interest rate.

Explanation:

We have the formula for calculating present value is:

PV = FV / ( 1+r)^n

where:

PV is the present value

FV is the future value which is $10,000 in the described question

r is the discount rate which is the interest rate

n is the number of discounting periods which is one year in the described question

So, once the interest rate increase, the denominator - (1+r)^n - will increase. Then, if FV remains constant, PV will decrease.

So, The present value of this cash flow will be decreased following the increase in the interest rate.

An increase in the interest rate results in a decrease in the present value of future cash flows. In this case, the present value of receiving $10,000 in a year would decrease as the interest rate goes up.

The interest rate is directly related to the present value of future cash flows. When the interest rate increases, the present value of future cash flows decreases. This concept is based on the principle of the time value of money, which suggests that a dollar today is worth more than a dollar in the future. In a practical example, if you were to receive $10,000 in a year, but the interest rate increases, the present value - the worth of that $10,000 if you had it now - would decrease. This is because the higher interest rate makes it more costly to delay receiving money, thus reducing its present value.

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Answer:

The correct answer is letter "B": A post-closing trial balance will show only balance sheet accounts.

Explanation:

A posting-trial balance is a summary of all balance sheet accounts where the debits and the credits of each of them must balance zero. The purpose of the posting-trial balance is to confirm that the company ends the period without having debt. Temporary accounts -revenue, expense, gain, and loss- are not included in the summary because they are reports into the retained earnings account.

A post-closing trial balance includes only balance sheet accounts with non-zero balances after closing entries transfer income statement account balances to retained earnings, thus income statement accounts show a zero balance.

The student's question pertains to the nature of a post-closing trial balance and which accounts it shows. The correct statement is that a post-closing trial balance will show only balance sheet accounts with non-zero balances. This is because a post-closing trial balance is prepared after closing entries are made, which involve transferring all revenue, expense, dividends, or withdrawal account balances to the retained earnings account. As a result, all income statement accounts should have a zero balance at this point. The balance sheet accounts, including assets, liabilities, and equity accounts like common stock and retained earnings, will show the balances that are carried over into the next accounting period.

Using T-accounts as an example, we consider that a "T" in a T-account represents the separation of assets on the left side from the liabilities and owner's equity, which include net worth, on the right side. The T-accounts are used to ensure that the accounting equation (assets = liabilities + owner's equity) remains balanced after the closing entries. If a business is healthy, its net worth will be positive. Conversely, a negative net worth is indicative of a bankrupt firm. Nonetheless, the post-closing trial balance will only include balance sheet accounts with non-zero balances.

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The value at date t = 5 of a perpetual stream of $2,400 payments that begins at date t = 10 is $60,000.

To find the value at date t = 5 of a perpetual stream of $2,400 payments that begins at date t = 10, we can use the formula for the present value of a perpetuity. The perpetuity formula is:

V = PMT / r

Where V is the present value, PMT is the payment amount, and r is the interest rate. In this case, PMT = $2,400 and r = 4% or 0.04. Plugging these values into the formula:

V = $2,400 / 0.04 = $60,000

Therefore, the value at date t = 5 of a perpetual stream of $2,400 payments that begins at date t = 10 is $60,000.

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Final answer:

The present value at date t=5 of a perpetuity with annual payments of $2,400 beginning at t=10 and an interest rate of 4% is $49,319.48.

Explanation:

The question asks us to calculate the present value of a perpetuity beginning at t=10 with annual payments of $2,400 and an interest rate of 4%. A perpetuity is an annuity that has no end, or a stream of cash flows that continues forever.

To find the value at t=5 of this stream, we first calculate the present value of the perpetuity beginning at t=10 and then discount that value back to t=5. The formula for the present value of a perpetuity starting at a future date is given by:

Present Value of Perpetuity = Payment / Interest Rate

Thus, the present value at t=10 is:

Present Value at t=10 = $2,400 / 0.04 = $60,000

To discount this value back to t=5, we use the formula:

Present Value = Future Value / (1 + Interest rate)numbers of years

Substituting the values we get:

Present Value at t=5 = $60,000 / (1 + 0.04)⁵

Calculating the above expression:

Present Value at t=5 = $60,000 / (1.04)⁵ = $60,000 / 1.2166529 = $49,319.48

Therefore, the value at date t=5 of the perpetuity is $49,319.48.

We can reasonably conclude: c) If consumers get a 4% pay raise, they are worse off in terms of their real income compared to inflation as measured by the Bovanian CPI.

Let's analyze the effects of the changes in prices on the consumer price index (CPI) and the real income of consumers:

1. The price of milk rises by 4%: This will contribute to an increase in the overall cost of the basket of goods for consumers.

2. The prices of all other goods fall by 10%: This will contribute to a decrease in the overall cost of the basket of goods for consumers.

Given these changes:

The overall impact on the CPI depends on the weights assigned to each category in the basket of goods. Since milk constitutes 56% of the basket, the increase in milk prices has a significant impact.

The increase in the price of milk, which has a high weight in the typical basket of goods, is likely to offset the benefits of the decreased prices of other goods. As a result, even with a 4% pay raise, consumers may find that their real income has not increased enough to compensate for the overall inflation as measured by the Bovanian CPI.

step 1 of 4

opportunity cost

opportunity cost is defined as sacrificing something to obtain something else which is more desirable. every individual has multiple opportunities at one point of time out of which he selection one opportunity which is more desirable and sacrifice other opportunities.

Answer:

2.53 years

Explanation:

For computing the payback period, first we have to find out the depreciation expense which is shown below:

= (Purchase value of machine - residual value) ÷ (useful life)  

= ($250,000 - $0) ÷ (5 years)  

= ($250,000) ÷ (5 years)  

= $50,000

Now the cash flows would be

Year    Net income  Depreciation    Net cash flow  

Year 0                                                ($250,000)

Year 1   $17,000       $50,000          $67,000

Year 2  $42,000      $50,000          $92,000

Year 3  $119,000    $50,000            $169,000

Year 4   $63,500     $50,000          $113,500

Year 5    $168,000   $50,000          $218,000

As we add the first 2 year net cash flows than it would be $159,000

Now we deduct the $159,000 from the $2500,000 , so the amount would be $91,000 as if we added the third year cash inflow so the total amount exceed to the initial investment. Therefore, we subtract that, and the next year's cash inflow will be $169,000.

So, the payback period would be

= 2 years + $91,000 ÷ $169,000

= 2.53 years

Answer:

correct option is profit maximizing level is c)20

Explanation:

given data

faces demand Q = 50 - 10P

marginal cost = $1

environmental fee = $0.2 per unit

solution

we know Q = 50 -10P

so P = 5 - 0.1Q

total Marginal Cost will be environmental fee + marginal cost  

here TR Total Revenue that is  = P × Q

TR = 5Q - 0.1Q²

Marginal Revenue (MR) is = [tex]\frac{dTR}{dQ}[/tex]

MR = [tex]\frac{50-2Q}{10}[/tex]

and

total marginal cost = $0.2 + $1 = $1.2

so

total marginal cost  = marginal cost

$1.2 = [tex]\frac{50-2Q}{10}[/tex]

Q = 19 = 20

so correct option is profit maximizing level is c)20

Answer:

The 250,000 households that were initially contacted by mails

Explanation:

The population is the totality of either animate or inanimate objects that forms the target of a research, the main target of the researchers inquiry is the population, in fact the population is the target beneficiary of the exercise.  

In this question the main target is the 250,000 households that the census bureau mailed, these are the people the bureau had in mind and they form the population of interest not the actual responses obtained.

Answer:

Explanation:

One of the benefits of  job order costing is that it allows managers to calculate the benefits they receive from individual jobs and helps them to determine whether specific jobs are desirable in the future. This is best for businesses that do extremely specific jobs, such as construction contractors and consultants.

Job orders costing also gives managers the advantage of tracking individual and team performance in terms of cost control, efficiency and effectiveness.

One disadvantage of  job order costing is that employees control all the materials and work used during the job. As an example, consider a construction contractor using a business order cost system. The Contractor shall inform all work, timber, nails, screws, electrical installations, paint and other materials, as well as lunch breaks and hours of work of the employees.

The use of job order costs in a production environment involves which "work" uses different types of direct costs such as direct labor and direct material, and then allocates overhead (indirect labor, warranty, quality control, and other overhead). An enterprise income statement is similar to a statement of profit or loss for the firm, but is specific to each business number.