Answer:
The correct answer is A. Faraday cage .
Explanation:
A Faraday cage is a metal box that protects against static electric fields. It owes its name to the physicist Michael Faraday, who built one in 1836. They are used to protect against electric shock, since inside the electric field is null.
The operation of the Farday cage is based on the properties of a conductor in electrostatic equilibrium. When the metal box is placed in the presence of an external electric field, the positive charges remain in the network positions; electrons, however, which in a metal are free, begin to move.
Answer:A. Faraday cage.
Explanation: Faraday cage is a kind of shield made up of conducting wires, Faraday's cage or shield is named after Michael Faraday who invented it in the year 1836.
Faraday cage is used to protect sensitive electronic equipment such as RF receivers) from external electromagnetic rays such as radio frequency interference (RFI) usually during testing or alignment of the device.
Faraday cage has also been used to protect equipment and people from Electric current and Damage.
If the selling price per unit is $66, variable expenses per unit are $41, target operating income is $31,000, and total fixed expenses are $21,000, how many units must be sold to reach the target operating income?
oi oi siempre todos
Explanation:
mmm... los dias es ooh oop
Tom borrows $100,000 from his local bank to purchase inventory for his store for the upcoming holiday season. Tom's neighbor tells him about a get-rich-quick scheme that can take this $100,000 and triple it in a month. Tom decides to buy into this scheme figuring he can repay the bank and still have plenty left for inventory. This is an example of:_______.
Answer:pyramid scheme
Explanation:
When formulating new products, if an offending flavor is present, the food scientist should consider using a: Select one: a. Masker b. Enhancer c. Blocker d. Both A and C are correct
Answer:
a. Masker
Explanation :
When formulating a new product the food scientist finds an offending flavor is present in the food substance he is more likely to use a masker as to cover or balance the flavor with something else and thereby formulating a modified new product. Maybe the addition of a new substance or changes in the taste of the product.Item weight is the:______________. 1. Measure of how much consumers demand a particular item. 2. Percentage of the typical consumer budget spent on the item. 3. Significance placed on a particular item by the wealthiest households. 4. Physical weight of a good or service.
Answer:
2) Percentage of the typical consumer budget spent on the item.
Explanation:
In microeconomics, item weight refers to the money spent on purchasing a specific product with respect of the total money spent in total purchases. Item weight is usually measured as a percent of a specific purchase over the total purchases made by a consumer or household.
Mezzinzi Bank offers loans to companies in the form of bonds. The companies who apply for these loans can repay the amount over a prolonged period of time. Which of the following financing options is being offered by Mezzinzi Bank in the given scenario?
A. A revolving credit agreement
B. Long-term debt
C. Commercial Paper
D. Trade credit
Answer:
B) Long-term debt
Explanation:
Long term debts are loans that are due in more than 1 year, and generally bonds are due in several years.
Revolving credit agreements is a revolving line of credit where the client uses the funds only when they need it. Commercial papers are short term promissory notes (due in less than 1 year).Trade credit is usually handed out by a company's vendors where you receive merchandise and pay for it later (usually in a month or two)."While standing on a bank you wish to spear a fish in front of you. Would you aim above, below, or directly at the observed fish to make a direct hit? If, on the other hand, you wished to zap the fish with a laser beam of the same color as the fish, how would you aim? 1. None of these 2. Below; directly at 3. Below; above 4. Above; above 5. Above; below"
To spear the fish you would need to aim below the observed fish to
make a direct hit -Therefore, in order to strike the fish you should aim below where the fish appears to be. -Answer is( 2) Below; directly
With a laser, you would aim directly at the fish -Answer is (1) none of the above
Explanation:
"In both cases, of course, the light coming from the fish is refracted
away from the normal as it travels through the water surface to your
eyes. As a result, the fish appears closer to the surface than it
really is.
(a) If you are using a bow and arrow to spear the fish you
should realize that the arrow will not deviate as it enters the water;
it will continue along the original straight line path from the bow.
Therefore, in order to strike the fish you should aim below where the
fish appears to be. -Answer is( 2) Below; directly
(b) When you use a laser gun to zap the fish then you should realize
that the beam will be refracted as it enters the water. In fact, the
laser beam will travel along exactly the same path as the light from
the fish (although in the opposite direction!). Therefore, in order to
hit the fish you should aim you laser gun directly where the fish
appears to be."-Answer is (1) none of the above
To spear a fish, one should aim below its observed position because of light refraction. For a laser beam, one would aim directly at the fish as the laser travels straight without refraction.
Explanation:When attempting to spear a fish while standing on a bank, one must account for the refraction of light due to the transition from air to water. Refraction causes the light rays to bend and the fish appears at a different location than where it actually is. To make a direct hit, the spear must be aimed below the observed position of the fish; the light rays bend upwards when exiting the water, making the fish appear higher than its true position. However, if one were to use a laser beam, there would be no need to adjust for refraction, as the laser would travel in a straight line to the fish, so you would aim directly at the fish.
Thus, the correct answer to the student question is Below; directly at, which corresponds to option number 2. This concept is an application of Snell's law, where the angle of incidence and refraction are related to the velocities of light in each medium (air and water, respectively). As light moves from air to water, it slows down and bends towards the normal due to water having a higher index of refraction than air.
You want to retire exactly 40 years from today with $1,970,000 in your retirement account. If you think you can earn an interest rate of 10.15 percent compounded monthly, how much must you deposit each month to fund your retirement
Final answer:
To retire with $1,970,000 in 40 years at a 10.15% interest rate compounded monthly, approximately $940.37 must be deposited each month.
Explanation:
To determine how much must be deposited each month to retire with $1,970,000 in 40 years at an interest rate of 10.15 percent compounded monthly, we use the formula for the future value of an annuity:
FV = P × { [((1 + r)^n) - 1] / r }
Where:
FV is the future value of the annuity, which is $1,970,000.
P is the periodic payment (monthly deposit).
r is the monthly interest rate (10.15% annual rate / 12 months).
n is the total number of payments (40 years × 12 months).
First, we convert the annual interest rate to a monthly rate:
r = 10.15% / 12
r = 0.84625%
Next, we calculate the total number of months:
n = 40 years × 12 months/year
n = 480 months
Now, we can solve for P using the FV of the annuity formula:
$1,970,000 = P × { [((1 + 0.0084625)^480) - 1] / 0.0084625 }
After performing the calculations:
P ≈ $1,970,000 / 2095.120122
P ≈ $940.37
Therefore, a monthly deposit of approximately $940.37 is needed to fulfill the retirement goal.
Managers can increase their ability to make nonprogrammed decisions that will allow them to adapt to, modify, and even drastically alter their task environments so that they can continually increase organizational performance through organizational Multiple Choice learning. satisficing. group thinking. diversity.
Answer:
Learning.
Explanation:
Organisational learning is the process by which knowledge is created, retained, and transfered within an organisation. This will imporve quality of decision-making at all levels of the organisation.
Over time the organisation gains a broad knowledge base that it can use to better the organisation.
Innovative or nonprogammed decisions opens up a world of possibilities to the business and evaluation is done to get the best idea for implementation.
Tyler is a finance manager at an automobile manufacturing company. He collects internship reports from summer interns at the company to study the finance strategies suggested by them in their reports. He uses the relevant information from this study to suggest new strategies to the chief financial officer of the company. In the context of managerial roles, which of the following roles does Tyler illustrate in this scenario?
A) Leader role
B) Liaison role
C) Disseminator role
D) Monitor role
Answer:
Disseminator role.
Explanation:
Disseminators play the important part of communicating important and useful information to colleagues and the team. Generally managers are responsible for transmitting information regarding management expectations to employees with a view of achieving organisational goals.
Tyler as a finance manager at an automobile manufacturing company. Collects information from summer interns regarding improvements in finance strategy. He communicates this information to the Chief Financial Officer. This is a dissemination function by Tyler.
Answer: C- Disseminator role
Explanation: The disseminator role involves sharing applicable information and opinions that have the capacity of being helpful in the future with one's coworkers in a company. However, this information could be detailed while some need explanations or translation. A person who carries out this role must have some skills like great communication skills, excellent writing skills, fluent speaking skills and thorough group instructing skills.
On December 31, year 3, Byte Co. had capitalized software costs of $600,000 with an economic life of four years. Sales for year 4 were 10% of expected total sales of the software. At December 31, year 4, the software had a net realizable value of $480,000. In its December 31, year 4 balance sheet, what amount should Byte report as net capitalized cost of computer software?
a. $432,000
b. $450,000
c. $480,000
d. $540,000
Answer:
correct option is b. $450,000
Explanation:
given data
capitalized software costs = $600,000
expected total sales = 10%
sale = 4 year
net realizable value = $480,000
solution
we get here net capitalized cost of computer software that is express as
net capitalized cost of computer software = Year 1 balance - Year 2 amortization .................1
here
Year 2 amortization is
Year 2 amortization = capitalized software costs ÷ total projected sale .......2
Year 2 amortization = [tex]\frac{600000}{4}[/tex]
Year 2 amortization = $150,000
so here
Year 2 net capitalized cost is = $600,000 - $150,000
Year 2 net capitalized cost is $450000
so correct option is b. $450,000
__________is the process by which union representatives negotiate with the management of a firm to secure certain concessions on wages, benefits, job security, or seniority for union members.
Collective bargaining is the process by which union representatives negotiate with the management of a firm to secure certain concessions on wages, benefits, job security, or seniority for union members.
Explanation:
Collective bargaining is a mechanism of discussions between the employers as well as a collective of employees who are aimed at arrangements to control salaries, terms of employment, pensions and other compensatory and workers ' rights aspects.
Such form of agreement is a contract of work and is also called a "collective bargaining arrangement" or CBA.
Examples include workplace salaries, hours, insurance, off-time, promotions and administrative issues in a variety of the areas addressed by CBAs involving management and workers.
Mr. Noriega paid $700 for each of three suits. Since all of the suits were pleasing to his taste, he would have been willing to pay according to this schedule: $950 for the first suit, $800 for the second suit, and $700 for the third suit. How much was his consumer surplus?a. $100.b. $150.c. $350.d. $250.
Answer: C)$350
Explanation:
First suit
Price willing to pay=$950
Actual paid price=$700
Consumer surplus=$950-$700
=$250
Second suit
Price willing to pay=$800
Actual paid price=$700
Consumer surplus=$800-$700
=$100
Third suit
Price willing to pay=$700
Actual paid price=$700
Consumer surplus=$700-$700
=$0
Total surplus= 1st+2nd+ 3rd consumer surplus
= $250+$100+$0
=$350
Mathew had purchased 100 shares of Blue Corporation for $100 per share. Currently, the stocks of Blue Corporation are trading at $150. Which of the following is the return on Mathew’s investment on one share?
(A) 65%
(B) 50%
(C) 75%
(D) 80%
(E) 40%
Answer:
B) 50%
Explanation:
Matthew's total return on investment = (current price - original purchase price) / original purchase price
= ($150 - $100) / $100 = $50 / $100 = 0.5 or 50%
To be able to determine the annual rate of return we would need to know when did Mathew purchase the shares.
A firm derives revenue from two sources: goods X and Y. Annual revenues from good X and Y are $10,000 and...?
A firm derives revenue from two sources: goods X and Y. Annual revenues from good X and Y are $10,000 and $20,000, respectively. If the price elasticity of demand for good X is -4.0 and the cross-price elasticity of demand between Y and X is 2.0 then a 2 percent price decrease will
a. Increase total revenues from X and Y by $520
b. Decrease total revenues from X and Y by $520
c. Leave total revenues from X and Y unchanged
d. Decrease total revenues from X and Y by $600
A 2% price decrease will increase total revenues from goods X and Y by $520.
Explanation:The price elasticity of demand measures how responsive the quantity demanded of a good is to a change in price. A price elasticity of demand of -4.0 indicates that a 1% decrease in price will result in a 4% increase in quantity demanded. The cross-price elasticity of demand measures how the quantity demanded of one good changes in response to a change in the price of another good. A cross-price elasticity of demand of 2.0 indicates that a 1% increase in the price of good X will result in a 2% increase in the quantity demanded of good Y.
In this scenario, if the price of good X decreases by 2%, the quantity demanded will increase by 2% x (-4) = -8%. However, the revenue from good X will increase because the price decrease will be more than offset by the increase in quantity demanded. The revenue from good Y will also increase because a 2% increase in the quantity demanded of good Y will result in a 2% x 2 = 4% increase in revenue.
Therefore, the total revenue from goods X and Y will increase by $520. The correct answer is option a. Increase total revenues from X and Y by $520.
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If the salaries of the sales staff of a manufacturing company are improperly recorded as a product cost, what will be the likely effect on net income of the period in which the error occurs?
Answer:
Net Income will be overstated
Explanation:
The journal entry for salaries payable is
Salaries Expense Dr.
To Cash A/C
(Being salaries paid recorded)
Salaries expense is charged to net income and the journal entry is
Net Income Dr.
To Salaries Payable
Salaries expense reduces net income as it being a deductible expenditure for a corporate.
In the given case, salary expense has been accounted as a product cost. This would reduce the expenses and thus would overstate the net income.
With respect to each of the following changes, identify whether the demand curve will shift rightward or leftward:a.An increase in income (the good under consideration is a normal good)b.A rise in the price of a substitute good (caused by a decline in supply)c.A rise in expected future price d.A fall in the number of buyers
Answer:
A. The demand curve will shift to the right.
B. The demand curve will shift to the right.
C. The demand curve will shift to the right.
D. The demand curve will shift to the left.
Explanation:
Demand curve: It is graph plotted to represent relationship between the quantity demanded of a good and its price when all other influences on demand remain constant.
We know as per law of demand, with the change in price of goods, demand of goods changes. As price increases, demand decreases and as price decreases, demand increases.
With the decrease in demand, demand curve shift to left side of the graph.
With the increases in demand, demand curve shift to right side of the graph.
A. An increase in income will increase the demand of goods, therefore the demand curve will shift to the right.
B. A rise in the price of a substitute good will increase demand of the product, therefore the demand curve will shift to the right.
C. A rise in expected future price will increases the current demand for that good, therefore the demand curve will shift to the right.
D. A fall in the number of buyers will decrease the demand of the product, therefore the demand curve will shift to the left.
An increase in income for a normal good, rise in the price of substitutes, and higher expected future prices of a good cause rightward shifts in the demand curve, indicating an increase in demand, while a fall in the number of buyers results in a leftward shift in the demand curve, indicating a decrease in demand.
Explanation:In economics, understanding how different factors affect the demand curve is crucial. The demand curve can shift either rightward, indicating an increase in demand, or leftward, indicating a decrease in demand, for different reasons.
An increase in income for a normal good results in a rightward shift of the demand curve.If there is a rise in the price of a substitute good, this causes a rightward shift of the demand curve for the considered good.A rise in expected future prices of a good typically leads to a rightward shift of the demand curve, as consumers are likely to purchase more now in anticipation of higher future prices.A fall in the number of buyers leads to a leftward shift in the demand curve, as there are fewer people in the market for the good.Learn more about Demand Curve Shifts here:https://brainly.com/question/33441504
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The teaching profession in the United States has been understaffed in recent years. The non-profit organization Teach for America identifies, selects, motivates, develops, compensates and evaluates qualified candidates to teach in public schools. This process is known as:______.
a. human resource management.
b. recruiting and developing.
c. scheduling and managing.
d. on-the-job training.
e. management development.
Apple's expansion into the United States and Europe by means of distribution deals and into Asia through partnership arrangements reflects which type of planning? Multiple Choice corporate planning strategic planning tactical planning All of the answer choices are correct.
Answer:
Option D
Explanation:
The reason is that corporate planning is the long term business improvement plan. This means that having distribution deals is corporate planning because it ensures long term business success.
This is also correct for strategic planning because a strategic planning is the plan which is designed for long term by assessing the capabilities and using these to further strengthen business position by opting to goals and objective setting options. In this case the company has set its goal to conquer the distribution channel to have an hold of the business market.
The tactical planning is short term planning and here acquisition of distribution deals will help meeting short term sales targets.
So option D is correct.
The correct answer is strategic planning.
Strategic planning involves setting long-term goals and determining the best approach to achieve those goals. It encompasses the entire organization and is focused on positioning the company in the broader market environment. Apple's expansion into different regions through distribution deals, partnership arrangements, and other strategic initiatives is a clear example of strategic planning. Corporate planning is a broader term that includes strategic planning but also encompasses other aspects such as financial planning, operational planning, and resource allocation. It is the process of determining the organization's long-term goals and then identifying the best ways to achieve those goals. Strategic planning is a subset of corporate planning that specifically focuses on the strategic direction of the organization. Tactical planning, on the other hand, involves the short-term steps and actions taken to implement the strategic plan. It is more about the day-to-day operations and the specific details of how to accomplish the strategic objectives. In the case of Apple's expansion, the company is engaging in strategic planning by determining which markets to enter and how to enter them (through distribution deals and partnerships). This is a high-level decision that shapes the company's direction and is not concerned with the immediate, short-term actions (tactical planning) or the overall management of the company's resources and finances (corporate planning).
Therefore, Apple's approach to entering new markets by establishing distribution deals and partnerships is a reflection of strategic planning rather than corporate or tactical planning. While corporate planning includes strategic planning, the question specifically asks for the type of planning reflected in the expansion efforts, which is strategic in nature. Hence, the most accurate answer is strategic planning.
Bavarian Chocolate Company processes chocolate into candy bars. The process begins by placing direct materials (raw chocolate, milk, and sugar) into the Blending Department. All materials are placed into production at the beginning of the blending process. After blending, the milk chocolate is then transferred to the Molding Department, where the milk chocolate is formed into candy bars. The following is a partial work in process account of the Blending Department at October 31, 2014:
1. Prepare a cost of production report, and identify the missing amounts for Work in Process—Blending Department. If an amount is zero enter "0". If required, round your cost per equivalent unit answers to the nearest cent.
Bavarian Chocolate Company
Cost of Production Report-Blending Department
For the Month Ended October 31, 2014
Unit Information
Units charged to production:
Inventory in process, October 1
Received from materials storeroom
Total units accounted for by the Blending Department
Units to be assigned costs:
Equivalent Units
Whole Units
Direct Materials
Conversion
Inventory in process, October 1
Started and completed in October
Transferred to Molding Department in October-
Inventory in process, October 31
Total units to be assigned costs
Cost Information
Costs per equivalent unit:
Direct Materials
Conversion
Total costs for October in Blending Department
$
$
Total equivalent units
Cost per equivalent unit
$
$
Costs charged to production:
Direct Materials
Conversion
Total
Inventory in process, October 1
$
Costs incurred in October
Total costs accounted for by the Blending Department
$
Cost allocated to completed and partially completed units:
Inventory in process, October 1 balance
$
To complete inventory in process, October 1
$
Cost of completed October 1 work in process
$
Started and completed in October
$
Transferred to Molding Department in October
$
Inventory in process, October 31
Total costs assigned by the Blending Department
$
2. Assuming that the October 1 work in process inventory includes direct materials of $38,295, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between September and October. If required, round your answers to two decimal places.
Increase or Decrease Amount
Change in direct materials cost per equivalent unit SelectDecreaseIncreaseCorrect 1 of Item 2 $
Change in conversion cost per equivalent unit SelectDecreaseIncreaseCorrect 3 of Item 2 $
Solution:
Working notes:
Calculate opening work in process inventory for conversion costs as shown below:
Opening work in process
inventory for conversion costs = 1- [tex]\frac{1}{5}[/tex] = 2/5
= 40 %
Calculate units started and completed in October as shown below:
Units started and completed in July = ( Units transferred out — opening work in process inventory
= 25, 700 units — 2,300 units = 23, 400 units
Calculate whole ending work in process inventory in October as shown below:
Opening work in process inventory + Whole ending work in ) = in October process inventory Received from material storeroom — Transferred to packing department )
= 2,300 units + 26,000 units — 25, 700 units = 2, 600 units
Calculate ending work in process inventory for conversion costs as shown below:
Ending work in process inventory for conversion costs )
(Total units for ending work in process inventory x Completed percent for conversion costs = 2, 600 units x 1 = 520 units )
Equivalent units for production is calculated by adding units of opening work in process inventory, transferred to finished goods in October, and units for ending work in process inventory. Therefore, an equivalents unit for production for direct materials is 26,000 units and equivalent units for production for conversion costs is 24,840 units.
Calculate direct materials and conversion cost equivalent cost per unit for October as shown below:
Direct material cost per unit — Total direct material costs Equivalent units for direct materials 8429,000 — 26,000 units = $16.50 Per unit
Conversion cost per unit — Total conversion costs Eqtuv' aka! units for conversion $149,040 — 24,840 units
= $6
A manager has decided to improve the physical work environment in his office to ensure that incumbents have fewer physical ailments. Which job design approach would be most helpful to him? a. Mechanistic approach b. Biological approach C. Motivational approach d. Perceptual-motor approach
If a manager's aim is to reduce physical ailments within the workspace, the biological approach to job design, which aligns tasks with human abilities and constraints to lessen physical strain, would be the most effective.
Explanation:The manager would benefit most from using the biological approach if his goal is to improve the physical work environment: to prevent physical ailments in employees. This job design approach is concerned with minimizing the physical strain on the worker by designing tasks that align with human capabilities and limitations. The biological approach would involve ergonomics (the study of efficiency in working environments) and could include changes such as adjusting the height of desks or providing ergonomic chairs. It could also involve improving the office layout to minimise the need for physically straining activities, or ensuring that workstations are positioned to allow for natural light, which can decrease eye strain and improve mood.
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The most helpful job design approach for a manager looking to improve the physical work environment is the Biological approach, which focuses on creating a comfortable and safe workplace through factors such as proper lighting, ventilation, and ergonomic furniture and equipment.
Explanation:The job design approach that would be most helpful to a manager looking to improve the physical work environment and reduce physical ailments among incumbents is the Biological approach. This approach focuses on ensuring that the work environment is ergonomically designed to promote the well-being and health of employees. It emphasizes factors such as proper lighting, ventilation, noise control, and ergonomic furniture and equipment to create a comfortable and safe workplace.
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Georgia, a widow, has take-home pay of $600 a week from her part-time job. Her disability insurance coverage replaces 70 percent of her earnings after a four-week waiting period. What amount would she receive in disability benefits if an illness kept Georgia off work for 16 weeks
Answer:
Disability benefit = $5,040
Explanation:
Given:
Pay off per week = $600
Insurance coverage = 70 percent = 0.70
Waiting period = 4 week
Computation of disability benefits:
Disability benefit = Per Week benefit × Total Number of Covered weeks
= (Insurance coverage × Pay off per week) × (off work - Waiting period)
= (0.70 × $600) × (16 - 4)
= $420 × 12
= $5,040
Imagine that a major car company has been able to plan production to coincide with sales forecasts. As new inventory comes into the showroom, customers purchase it, and there is no unsold inventory and no unfilled orders. How can we best describe this phenomenon?
Answer:
JIT production and JIT purchasing
Explanation:
JIT production and JIT purchasing under this process entity does not have extra material in stores and extra inventory produced.
as per the just in time
there is no benefit of holding inventory at stores
producing extra units does not add value they are useless until they are sold.
According to just in time inventory should be purchased when order has been placed and production process should start in order to meet the customers orders.
there are some conditions for this process
there should be very system to meet the order on time
there should be relaible production system units produced should not be poor quality goods
there should reliable suppliers to supply the material on time to meet the customers orders and avoid the stock out costs.
Bill Pope has developed a new device that is so exciting he is considering quitting his job in order to produce and market it on a large-scale basis. Bill will rent a garage for $300 per month for production purposes. Utilities will cost $40 per month. Bill has already taken an industrial design course at the local community college to helo prepare for this venture. The course cost $300. Bill will rent production equipment at a monthly cost of $800. He estimates the material cost per unit will be $5, and the labor cost will be $3. He will hire workers and spend his time promoting the product. To do this he will quit his job which pays $3,000 per month. Advertising and promotion will cost $900 per month.Required: Complete the chart by placing an "X" under each heading that helos to identify the cost involved. There can be "Xs" placed under more than one heading for a simple cost., e.g., a cost might be a sunk cost, an overhead cost and a product cost; there would be an "X" placed under each of these headings opposite the cost.
Answer:
Costs of: Opportunity Sunk Variable Fixed MOH Product Selling Differential
Garage rent (Fixed)........................................X
Utilities (Fixed).................................................X
Cost of the industrial design course (Sunk) ... ''the cost has been spent''
Equipment rented .(Fixed)...............................X
Material cost (Variable)...................X
Labor cost (Variable).......................X
Present salary (Opportunity cost / Differential Cost)..'He wont earn anymore'
Advertising (Fixed and Selling Costs)............X...................................X
Explanation:
Costs of: Opportunity Sunk Variable Fixed MOH Product Selling Differential
Garage rent (Fixed)........................................X
Utilities (Fixed).................................................X
Cost of the industrial design course (Sunk) ... ''the cost has been spent''
Equipment rented .(Fixed)...............................X
Material cost (Variable)...................X
Labor cost (Variable).......................X
Present salary (Opportunity cost / Differential Cost)..'He wont earn anymore'
Advertising (Fixed and Selling Costs)............X...................................X
1. Garage rent is fixed Manufacturing Overhead because he will pay a fixed rent amount every month.
2. Utilities is fixed Manufacturing Overhead because he will pay a fixed amount every month.
3. Cost of the industrial design course is Sunk because the cost has been spent already
4. Equipment rented is fixed Manufacturing Overhead because he will pay a fixed amount every month.
5. Material cost is variable because it will depend on how much produced every month.
6. Labor cost is variable because it will depend on how much produced every month.
7. Present salary is an Opportunity cost because wont earn salary anymore when he starts the business; this is also differential because it is the difference between the cost of the two alternative decisions
Advertising is a fixed Selling costs because he will pay a fixed amount every month and it is related to sales not production.
Tom's Taxidermy expects to sell 1,200 units of its specialty preservation product. The managerial accountant reported that manager must sell 700 units of specialty product to breakeven. Compute the margin of safety in units.
Answer:
The margin of safety is 500 units
Explanation:
Margin of safety is the amount by which sales may fall before a company makes a loss.
It is Calculated as Expected Sales less Break Even Units
Remember : Break-even is the level at which a Company makes neither a profit or a loss
Margin of Safety = 1200 units -700 units
=500 units
In an effort to cover promotional costs and generate revenue for the festival, SXSW utilizes a tiered-pricing strategy to meet the various budgetary needs of its customers. This is an example of _______ promotion.
This is an example of B2C promotion
Explanation:
Business-to-consumer refers to a mechanism in which businesses directly market goods and services to customers, without intermediaries.
B2C is usually used by online retailers offering goods and services over the Internet to customers.
Online B2C has become a challenge for mainstream retailers that have benefited from a price rise.
Yet Amazon, eBay and Price line have evolved rapidly and eventually been distributors of the market.
Examples of sales representatives for B2C cover sales representatives marketing vehicles, audio systems and exercise facilities. Although certain B2C items (true estate, vehicles, boats etc.) are at a high price.
Rollerbeam Inc., a provider of engineering services, is looking to hire several maintenance engineers. Rollerbeam's HR department checks with the company's engineering department to confirm that the scenarios mentioned in the test are plausible real-world scenarios that maintenance engineers might face. Which of the following types of validation is Rollerbeam's HR team performing?a. Criterion
b. Concurrent
c. Content
d. Predictive
Answer:
Content validation
A dry cleaning business offers a pick-up and delivery service for a 10 percent surcharge. Management believes 60 percent of the existing customers will take advantage of this service. They are also considering offering customers the option of opening an account and receiving monthly bills. They believe 60 percent of customers (regardless of whether or not they use the pick-up service) will use the account service. If the two services are introduced to the market, what is the probability a customer uses neither of these services
The probability that the consumer would use both the services is 0.36.
Explanation:
Probability is a numerical portrayal of how likely an occasion is to happen or how likely it is that a suggestion is valid. Likelihood is a number somewhere in the range of 0 and 1, where, generally, 0 demonstrates inconceivability and 1 shows assurance.
Since the probability of using the account service is 0.6, if two services are introduced in the market, then the probability would use neither of the services would be 0.6 into 0.6 which is 0.36.
To find the probability that a customer uses neither the pick-up and delivery service nor the account service, we can find the complement of both events and calculate the probability of their intersection. The probability is 0.64.
Explanation:To calculate the probability that a customer uses neither the pick-up and delivery service nor the account service, we need to find the complement of the events. Let's denote the event of using the pick-up and delivery service as A, and the event of using the account service as B. We are given that 60% of existing customers will use the pick-up and delivery service (P(A) = 0.60), and 60% of customers will use the account service regardless of whether they use the pick-up and delivery service (P(B) = 0.60).
To find the probability of a customer using neither service, we need to find P(A' ∩ B'), which represents the complement of both events A and B. The formula for finding the probability of the intersection of two events is P(A ∩ B) = P(A) * P(B).
However, we want to find the complement of both events, so we subtract the probability of their intersection from 1. Therefore, the probability of a customer using neither service is given by:
P(A' ∩ B') = 1 - P(A ∩ B)
Substituting the known probabilities, we get:
P(A' ∩ B') = 1 - (P(A) * P(B))
P(A' ∩ B') = 1 - (0.60 * 0.60)
P(A' ∩ B') = 1 - 0.36
P(A' ∩ B') = 0.64
A.J. is the vice president for Keane Products, a marketing consulting firm. On a business trip to New York City in 2019, he meets with three executives from Keane’s top account. After the meeting, A.J. takes them to dinner and then to the theater. The theater tickets cost $350. The cost of the meal is $190, including sales tax of $17 and a tip of $34. Throughout the evening, A.J. pays $42 in cab fares. How much can A. J. deduct as a business expense?
Answer:
$312
Explanation:
Business Travel expenses are costs incurred when you are away from home on businesses. Accordingly, in this case, AJ is allowed to deduct 50% of his entertainment costs (that is, meal and theater tickets) since it follows a substantial business discussion. The cost of transportation, that is the cab fare is fully covered under the business expenses as it is not subject to the 50% rule of deduction for entertainment and the likes.
Thus,
Total money AJ can deduct as business expenses.
= (50% of 350) + (50% of 190) + 42
= 175 + 95 + 42
= $312
ease answer the question below based on the closing spot and the July futures contract prices for euros for four consecutive days in March 20XX. No calculations are necessary. Date 3/01 3/02 3/03 3/04 Euro Spot Price $1.1585 $1.1589 $1.1584 $1.1593 July euro Futures Contract Price $1.1850 $1.1812 $1.1823 $1.1820 If a person sold euro futures on _____ then he/she will post a profit on ____ :
Answer:
If a person sold euro futures on 3/01 then he/she will post a profit on 3/02 :
Explanation:
Date 3/01 3/02 3/03 3/04
Euro Spot Price $1.1585 $1.1589 $1.1584 $1.1593
July euro Futures Contract Price $1.1850 $1.1812 $1.1823 $1.1820
On March 1, the price of the euro futures contract was $1.1850 per euro, which means that a €1,000 contract is worth $1,185.50. On March 2, the euro futures contract was worth less, only $1.1812 per euro, that means that a €1,000 contract is worth $1,181.20. So you could have earned $1,185.50 - $1,181.20 = $4.30 per contract. It doesn't seem much, but it represents a 0.36% gain in one day.
Producer surplus is A. the difference between the lowest price a firm would be willing to accept and the price it actually receives. B. the difference between the highest price a consumer is willing to pay and the price the consumer actually pays. C. the difference between the lowest price a firm would be willing to accept and marginal cost. D. the market price multiplied by the number of units sold by a firm. E. the difference between the highest price a consumer is willing to pay and the lowest price a firm would be willing to accept.