Final answer:
Herzberg's theory identifies hygiene factors as elements that can prevent dissatisfaction when they're adequate but do not contribute to job satisfaction or motivation.
Explanation:
According to Herzberg, when hygiene factors are adequate, people won't be dissatisfied, but they will also not be satisfied. Hygiene factors include aspects such as the working conditions, salary, company policies, and interpersonal relations. These factors can prevent dissatisfaction if they are adequate, but they do not contribute to satisfaction or motivation in the same way that motivational factors do. Motivational factors, also known as growth factors, are elements such as achievement, recognition, and the work itself, which can truly drive an employee to perform better and result in job satisfaction.
Variable Costing: Compare and contrast variable costing with absorption costing, highlighting the differences between operating income. Discuss the use of variable costing for decision making in a manufacturing company and a service company.
Answer:
Differences among Absorption and Variable Costing:
In Absorption costing item cost is higher than the cost determined under factor costing. Variable costing changes just direct cost (material, work, overhead) into cost of an item though Absorption Costing Charges all the assembling costs into cost of item. In factor costing benefit of Closing Inventory is lower than an incentive under Absorption Costing. In factor costing fixed assembling costs are considered as occasional expenses and charged from the Gross Profit though in Absorption it has taken in item cost just as shutting Inventory. In factor costing fixed assembling costs are not charged to Inventory.Contrasts in overall gain happens because of distinction in treatment of fixed overhead under over two costing draws near.
Preferences of variable costing in dynamic:-
Under factor costing commitment edge Income Statement give significant data (s) to the Managers. It is valuable in inward dynamic and increasingly compelling in cost-volume-benefit (CVP) examination. It empowers to distinguish CM Ratio, BEP in units and dollar, target benefit focuses and in affectability examination. It aware and helps the administration in taking choice identified with increment the creation for increment in benefits, use of overabundance limit or to meet stockpile of extra requests. It likewise prompts in purchase or decide.ALCULATE: What Affects How Much We Pay in Taxes? Everyone has to pay taxes, but how much you pay depends on a lot of factors. In this activity, explore how three factors (your salary, the state you live in, and the cost of living) can have a big impact on how much you pay in taxes and how much you have leftover to spend on your
Answer:(1)The personal income tax, (2)The tax paid in one state differs from state to state.(3) Disposable income
Explanation:
A tax is a compulsory levy in which every law abiding citizens with a means of income is expected to pay to the government through the agency responsible for collection of taxes in their country. It is the civic duty of every citizens to pay tax.However, the payment of taxes depend on a lot of factors such as
Salary : The level of income of individuals determine the tax that such individuals will pay. It is known as personal income tax. The higher the income, then the higher the tax. While, the lower the income then the lower the tax.
State you live in : The state where the tax payer reside determine how much tax the tax payers will pay in terms of the kind of taxes to pay to the government. The kind of taxes differs from state to state.
Cost of living : This is the total amount of money it will cost an individual's to provide themselves with the basic necessities of life such as food, clothing and shelter. When the cost of living is high, it reduces the standard of living of the people because when tax has been removed from their income what is left for an individual for saving and spending known as disposable income will not be enough to meet their basic need.
The amount of taxes one pays is affected by their salary, the state they live in, and the cost of living in that state. Higher salaries and living in states with higher taxes or cost of living can lead to paying more in taxes, impacting one's disposable income.
Explanation:The amount of taxes one pays is significantly influenced by multiple factors. Firstly, your salary plays a critical role; the United States employs a progressive tax system, meaning the more you earn, the higher the percentage of your income you will pay in taxes. Additionally, the state you reside in can drastically affect your tax burden. Some states have higher tax rates or additional taxes on top of federal taxes, while others may have no income tax at all. Furthermore, cost of living is another crucial factor. In areas with a higher cost of living, residents might find their taxes going further towards public services like education and infrastructure, affecting their disposable income.
Understanding these variables is essential for managing your finances effectively and planning for the future. Employing strategies like budgeting, and investing for retirement early can help mitigate the impact of taxes on your income. It's also important to be aware of the potential consequences of failing to pay taxes, which can include fines or even jail time.
A mine is for sale for $800,000. It is believed the mine will produce a profit of $250,000 the first year, but the profit will decline $25,000 a year after that, eventually reaching zero, whereupon the mine will be worthless. What rate of return would be earned on the mine
Answer:
[tex]r=-60.8\%[/tex]
Explanation:
Rate of Return
The rate of return RoR is the net gain or loss on an investment over a time period, expressed as a percentage of the investment's initial cost.
If C1, C2, ..., Cn are the net cash flows at each period of investment, then the actual value of each one of them is
[tex]A_i=C_i(1+r)^{-i}[/tex]
where r is the rate of interest assumed for the investment.
The total value of the cash flows is
[tex]A=\sum C_i(1+r)^{-i}[/tex]
We have the final value of the investment at the present time
[tex]A=800,000\ ;\ C_1=250,000\ ;\ C_2=25,000[/tex]
We can find the r as the RoR of the investment by setting the equation
[tex]800,000=250,000(1+r)^{-1}+25,000(1+r)^{-2}[/tex]
Simplifying by 25,000 and rearranging
[tex](1+r)^{-2}+10(1+r)^{-1}-32=0[/tex]
This is a second-degree equation for [tex](1+r)^{-1}[/tex]. Solving the equation we get only one positive value:
[tex](1+r)^{-1}=2.5498[/tex]
Or, equivalently
[tex]r=-0.608[/tex]
[tex]r=-60.8\%[/tex]
We get a negative RoR
Exercise 3-12 Oriole Design was founded by Thomas Grant in January 2011. Presented below is the adjusted trial balance as of December 31, 2017. ORIOLE DESIGN ADJUSTED TRIAL BALANCE DECEMBER 31, 2017 Debit Credit Cash $11,155 Accounts Receivable 21,655 Supplies 5,155 Prepaid Insurance 2,655 Equipment 60,155 Accumulated Depreciation-Equipment $35,155 Accounts Payable 5,155 Interest Payable 162 Notes Payable 5,400 Unearned Service Revenue 5,755 Salaries and Wages Payable 1,408 Common Stock 10,155 Retained Earnings 3,655 Service Revenue 61,655 Salaries and Wages Expense 11,455 Insurance Expense 958 Interest Expense 162 Depreciation Expense 7,400 Supplies Expenses 3,400 Rent Expense 4,350 $128,500 $128,500 Prepare an income statement for the year ending December 31, 2017. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) ORIOLE DESIGN Income Statement $ $ $ SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare a statement of retained earnings for the year ending December 31, 2017. (List items that increase retained earnings first.) ORIOLE DESIGN Statement of Retained Earnings $ : $ SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare an unclassified balance sheet at December 31. (List assets in order of liquidity.) ORIOLE DESIGN Balance Sheet Assets $ $ : $ Liabilities and Stockholders' Equity $ $ $ SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Answer the following questions. (Round interest rate to 0 decimal places, e.g. 5%.) (1) If the note has been outstanding 6 months, what is the annual interest rate on that note? (Hint: Assume that the amount of interest payable in the trial balance relates to the note payable in the trial balance.) The annual interest rate % (2) If the company paid $17,500 in salaries and wages in 2017, what was the balance in Salaries and Wages Payable on December 31, 2016? The balance in Salaries and Wages Payable $
Answer:
Oriole Design as the following Key results, explanation and workings have been shown below:
A
Net Profit $33,930Closing retained Earnings $37,585Net Assets $47,740Shareholders Equity $47,740B Interest rate on Notes Payable is 1.5%
C. Total Wages and Salaries Payable as at Dec 31 2016 = $7,453
Explanation:
Oriole Design
Income Statement
For the Year ending December 31 2017
Revenue $61,655
Expenses
Salaries & Wages $11,455
Insurance Expense $958
Interest Expense $162
Depreciation Expense $7,400
Supplies Expense $3,400
Rent Expense $4,350
Total Expenses = $27,725
Net Profit = $33,930
Oriole Design
Statement of Retained Earnings
For the Year Ending December 31 2017
Opening Balance $3,655
Add Net Profit $33,930
Closing Retained Earnings = $37,585
Oriole Design
Balance Sheet
As at December 31st 2017
Assets
Cash $11,155
Accounts Receivable $21,655
Supplies $5,155
Prepaid Insurance $2,655
Equipment $60,155
Less Accumulated Depreciation on Equipment -$35,155
Total Assets = $65620
Liabilities
Account Payable $5,155
Interest Payable $162
Notes Payable $5,400
Unearned Service Revenue $5,755
Salaries & Wages Payable $1,408
Total Liabilities = $17,880
Net Assets = $47,740
Shareholder's Equity
Common Stock $10,155
Closing Retained Earnings $37,585
Total Shareholder's Fund = $47,740
B. Notes Payable = $5,400
Interest Payable = $162
Duration of Notes as at December 31 2017 = 6months
Interest Rate = 162/5400 x 6/12 x 100%
=1.5%
C.
Salaries and Wages Payable Closing Dec 31 2017 = $1,408
Salaries and Wages expensed in 2017 = $11,455
Salaries and Wages Paid in Cash in 2017 = $17,500
Payment relating to Previous Year balance = $17,500 - $11,455 = $6,045
Payment outstanding from last year not yet cleared $1,408
Total Wages and Salaries Payable as at Dec 31 2016 = $6,045 + $1,408 = $7,453
Calculate the total revenue and expenses to prepare the income statement. Create the statement of retained earnings using the beginning balance and the net income. Prepare the balance sheet by summing up the assets, liabilities, and stockholder's equity. Lastly, answer the two associated questions using logical calculations.
Explanation:The first step in preparing the documents is to calculate revenues and expenses. The total revenue for Oriole Design in 2017 can be found by adding the Service Revenue of $61,655 to the Unearned Service Revenue of $5,755 resulting in $67,410. Expenses amount to $28,725 found by adding Salaries and Wages Expense, Insurance Expense, Interest Expense, Depreciation Expense, Supplies Expenses, and Rent Expense together. This results in a Net Income of $38,685 ($67,410 - $28,725).
Next, you should prepare the statement of retained earnings starting with the beginning balance of retained earnings of $3,655 and add the net income calculated above of $38,685 to get a total of $42,340.
Third, prepare the unclassified balance sheet. Assets total at $100,175 ($11,155 + $21,655 + $5,155 + $2,655 + $60,155), liabilities total at $12,175 ($5,155 + $162 + $5,400 + $1,408), and stockholders' equity is $88,000 ($10,155 + $42,340 (Retained Earnings from Statement of Retained Earnings) + $35,155). These balance out as they should.
As for the questions: (1) The annual interest rate can be found by multiplying the interest expense by 2 (as it was a 6 month note) and then dividing by the note payable amount. This gives us an interest rate of 6%. (2) The balance of Salaries and Wages Payable at the end of 2016 can be found by taking the total paid in 2017 and subtracting the Salaries and Wages Expense paid in 2017 and the amount Payable at the end of 2017. This is $4,553.
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DellceCon is considering selling its delicious ice-cream cones using stands along Hot Beach, which is 5 miles long. According to its estimates, there are 1,000 sunbathers evenly spread along the beach and the each sunbather will buy one ice-cream cone per day pro- vided that the price plus any transportation (disutility) cost does not exceed $5. Each sunbather incurs a transportation (disutility) cost of leaving the comfort of their chair and umbrealla to get a cone and return to their spot of 25 cents per 0.25 mile. Each cone costs $0.50 to make and DeliceCon incurs a cost of $40 per day to run one of its stands. We would like to know how many stands DellceCon should operate and the price per cone that it should charge at each stand to maximize its profit.
Answer:
The price per charged should be $2.5
Explanation:
Disutility cost per 0.25 mile is 25 cents. Therefore, the cost per mile is 4x25 cents = $1
The disutility for the entire 5 miles is $5. This implies that 1 stand can easily satisfy the
condition of the disutility not being more than $5.
Thus, the seller should operate 1 stand.
Now, the total transportation cost can be minimized if the stand is set up in the middle of
the beach. In that case, the sunbathers at the farthest two ends would face a cost of $2.5
(2.5 miles x $1)
This means that in order to satisfy the disutility condition, the total of the price charged,
and disutility incurred should be less than $5.
Therefore, $2.5 + Price < $5. This means that Price $2.5
In order to maximize the profits, he would charge the maximum possible price.
Thus, the price per charged should be $2.5
common stock for $12,900 (Coronado does not have significant influence). During the year, Sherman paid a cash dividend of $3.25 per share. Assume the stock is nonmarketable.Prepare Coronado’s journal entries to record (a) the purchase of the investment, (b) the dividends received, and (c) the fair value adjustment. (Assume a zero balance in the Fair Value Adjustment account.)
Answer:
Detailed solution is given below:
Journal entries are the entries that record the transaction of the company that depicts the inflow and outflow of the cash in the firm. The transactions that come in the firm are termed as the debit and which goes out is credit.
A journal entry is an act of reporting or tracking the progress of any monetary or quasi activity. An accounting journal method utilizes & displays a company's debit and credit amounts. Every recording in the journal entry can be either a deduction or addition.
The Journal entries have been attached below.
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The majority of customers who stop patronizing a particular store do so because:
a. Its prices are too high
b. Its quality is too low
c. An indifferent employee treated them poorly
d. It failed to advertise enough
Answer: C An indifferent employee treated them poorly
Explanation:
One can clearly see that for the store to have retained patronage shows that the store do not need advertisement neither is price a factor. A firm (store) competitive advantage is in customer's perception of its products and services. If they are viewed to be good, they will get patronage. If customers are treated poorly, they will most likely switch to the next available outlet. A classical case of "customer is king".
Sellers typically ask a higher price for an item than buyers are willing to pay. This is called a(n) Group of answer choices Compensatory model Noncompensatory model Endowment effect Elimination by aspect model Lexicographical model
Answer:
Endowment effect
Explanation:
Endowment effect is the effect which is defined as the when the ownership rises or increases the value of the product or the item.
For example, when it is asked to set a price for an item to be exchanged, the sellers usually ask for a much higher price for the product, than the buyers are willing to pay. This effect is called as the endowment effect because the ownership increase the value linked with the product or item.
In social network analysis __________ stress(es) the importance of ties connecting heterogeneous people—helping to ensure a wide range of diversity in information and perspective. Closure Redundancy Bridging relationships Social supports
Answer:
Bridging relationships
Explanation:
Social networking analysis refers to analyzing the interaction between different social groups, people and individuals of an organization.
Such an analysis establishes linkage between diverse people who differ in their attitudes, beliefs and demeanor.
Such an analysis is aimed at gaining an understanding of a group and it's dynamics, it's key members and deciphering the nature of their association.
Bridging relationships refers to bridging or reducing the gap between a group and laying emphasis upon the relations via which diverse people are interconnected and information is shared between them.
Assume that a firm reports net income of $45,000 prior to making adjusting entries for the following items: expired rent, $3,500; depreciation expense, $4,100; and supplies used, $1,800. Assume that the required adjusting entries have not been made. What effect do these errors have on the reported net income
Answer:
The errors have resulted in the overstatement of net income by $9,400. Actual net income is $35,600
Explanation:
Expired rent is usually accounted for by debiting rent expense and crediting prepaid rent account. As such this is an additional expenses that will be deducted from sale to get the net income.
Depreciation expense on asset is recorded by debiting depreciation expense and crediting accumulated depreciation. Again, it is an additional expenses that will be deducted from sale to get the net income.
Supplies used is a debit to supplies expense and a credit to the supplies account (B/s). Hence, it is an additional expenses that will be deducted from sale to get the net income.
Hence the total additional expense to be recorded
= $3,500 + $4,100 + $1,800
= $9,400
When recorded, net income
= $45,000 - $9,400
= $35,600
Which of the following statements is true if total fixed costs decrease while the sales price per unit and variable cost per unit remain constant? A. The contribution margin decreases. B. The contribution margin increases. C. The breakeven point increases. D. The breakeven point decreases.
Answer:
D. The breakeven point decreases.
Explanation:
Breakeven point of a business is defined as the point where it's total cost and total revenues are equal, at this point there is no gain or loss. Hen revenue is above this point profit is made, and when revenue is below this point there is loss.
The formula for break-even is
Breakeven point= Total fixed cost/(Sales price per unit- Variable cost per unit)
Since sales price and variable cost is constant, let's say
(Sales price per unit- Variable cost per unit)= constant (k)
So when we cross-multiply in the formula
Breakeven* k= Total fixed cost
It shows that Breakeven point is directly proportional to Total fixed cost.
So a reduction in Total fixed cost will result in a reduction in Breakeven point.
Gina Fox has started her own company, Foxy Shirts, which manufactures imprinted shirts for special oc- casions. Since she has just begun this operation, she rents the equipment from a local printing shop when necessary. The cost of using the equipment is $350. The materials used in one shirt cost $8, and Gina can sell these for $15 each. (a) If Gina sells 20 shirts, what will her total rev- enue be
Answer:
The question is not complete, the complete question is written below:
Gina Fox has started her own company, Foxy Shirts, which manufactures imprinted shirts for special occasions. Since she has just begun this operation, she rents the equipment from a local printing shop when necessary. The cost of using the equipment is $350. The materials used in one shirt cost $8, and Gina can sell these for $15 each.
(a) If Gina sells 20 shirts, what will her total revenue be? What will her total variable cost be?
(b) How many shirts must Gina sell to break even?
What is the total revenue for this?
The answers are:
a.) Total Revenue = $300; Total variable cost = $160
b.) Break even number of shirts to be sold = 34 shirts; Total revenue for this = $510
Explanation:
a.) Total revenue is the total amount realized after the sales of 15 shirts. To calculate this, we are told that she sold 20 shirts for $15 each, therefore total revenue = Number of shirts sold × price of one shirt
∴ Total revenue = 20 × 15 = $300.
The variable cost of production is the cost that changes with the volume of products produced. In this example, the variable cost is the cost of materials used in making shirts, while the rent on equipment is the fixed cost, because its price remains the same irrespective of the volume of production. To calculate the total variable cost, we will multiply the variable cost of one shirt, with the total number of shirts produced;
cost of 1 shirt = $8
∴ cost of 20 shirts = 8 × 20 = $160
b.) The break even point is the point where the total cost equals total revenue. In order to calculate this, we will first of all calculate the total cost, which includes both the variable and fixed costs.
Total cost: Total fixed cost + Total variable cost
Total fixed cost = $350 (cost of renting equipment)
Total variable cost = 8 × 20 = $160 (calculated above)
∴ Total fixed cost + Total variable cost = 350 + 160 = $510
Therefore, to break even, the total revenue must also equal this cost price of $510. Now to calculate the number of shirts sold that equals this amount;
$15 = 1 shirt
∴ $510 = 1/15 × 510 = [tex]\frac{510}{15} = 34[/tex]
Therefore when 34 shirts are sold, total revenue = total cost.
Total revenue for 34 shirts = $510 (calculated and explained above).
A supply chain refers to: A. The internal sequence of operations consisting of purchasing, fabrication, assembly, and distribution B. The route from the producer upstream through the distributors to the customer C. The design and management of processes across organizational boundaries to meet the real needs of the end customer D. The chain of activities that includes market research, design, production and distribution
Answer:
B. The route from the producer upstream through the distributors to the customer.
Explanation: Supply chain is a set of linked Activities that are interconnected the links the producers,to the distributors and suppliers to the end users.or customers. The management of this chain of activities is regarded as SUPPLY CHAIN MANAGEMENT (SCM).
Supply chain can also be referred to as the route from the producer upstream through the distributors to the customer, SUPPLY CHAIN MANAGEMENT IS ONE OF THE MOST ESSENTIAL ACTIVITIES REQUIRED IN THE ENTIRE MANUFACTURING, DISTRIBUTION AND MARKETING PROCESSES AS IT ENSURES THE AVAILABILITY OF RESOURCES, AND FINISHED GOODS THROUGH EFFECTIVE AND EFFICIENT DISTRIBUTION TO THE CUSTOMERS.
Free trade Multiple Choice encourages growth by promoting the rapid spread of new inventions and innovations. encourages growth by effectively eliminating all patent and copyright barriers to growth. discourages growth by increasing competitive pressures on domestic firms. discourages growth compared to situations where the government strongly controls foreign trade.
Answer:
Encourages growth by promoting the rapid spread of new inventions and innovations.
Explanation:
A free trade agreement is a pact that is made between two or more nations to lower barriers to imports and exports among them. Under a free trade policy, goods and services can be purchased and sold across international borders with little or no government tariffs, quotas, subsidies, or prohibitions to prevent their exchange.
Free trade accelerates economic growth, enhanced efficiency, increased innovation, and the higher fairness that comes with a rule-based system.
Expected return and standard deviation:
a. Johnson & Johnson (JNJ) is trading at 123.64 (5/12/2017 close). JNJ is a large health care conglomerate. It has done well over the last couple of years and you think it will continue to do well. After careful analysis you conclude that in one year the price will be (90, 105, 125, 155, 175) with associated probabilities of (0.1, 0.2, 0.4, 0.2, 0.1). Looking at the company’s past record you project that JNJ will pay a dividend of 3.40 (four quarterly dividends of 0.85).
(i) What is the expected return of JNJ stock?
(ii) Calculate the standard deviation of the return of JNJ stock (remember that you are using probabilities to do this, not historical data).
b. In the second sheet of the Excel file PS4 you will find historical data for IBM and CVX returns. (i) Calculate the sample expected return and sample standard deviation for both. (ii) What is the standard error of the sample average in each case? What is the +/- 2 standard error confidence interval of the sample average?
Answer:
Expected Return:
Expected Price in one year
= (90x 0.10)+ (105x 0.20)+ (125x 0.40)+ (155x 0.20)+ (175x 0.10)
= 128.5 Expected dividends in one year
= 3.40
Expected Return = 123.64 Expected Return=[ (Expected Price + Expected Dividends)] / Current Price= >[ (128.50 + 3.40)–123.64]/123.64= 0.066806859 or 6.68%
Standard Deviation: To measure the volatility, the estimated return must be determined with each price point.
Expected return = = [(Expected Price + Expected dividends) – Current Price] / Current Price
Current Price Expected Price Dividend Expected Return
123.64 90 3.4 -24.46%
123.64 105 3.4 -12.33%
123.64 125 3.4 3.85%
123.64 155 3.4 28.11%
123.64 175 3.4 44.29%
Variance = [(-0.2446 – 0.0668)^2 x 0.10] + [(-0.1233 – 0.0668)^2 x 0.20] + [(0.0385 – 0.0668)^2 x 0.40] + [(0.2811 – 0.0668)^2 x 0.20] + [(0.4429 – 0.0668)^2 x 0.10] = 0.040574089
Standard Deviation = (0.040574089)1/2 = 0.20143011 or 20.14%
Explanation:
Describe an important benefit of the safe harbor provisions of the DMCA. Describe an important weakness of the safe harbor provisions from the perspective of the entertainment industries. Describe an important weakness from the perspective of the public.
Answer:
A - Insulate the online user from a seeming liability that could arise from using someone's else resources.
B - It is widely acknowledged that the provisions of the DMCA have reduced a large number of legal procedures, instead of stopping copyright infringement.
C - The public believe that some of the DMCA provisions threaten fair use of contents, stifle competition and eventual innovation in public policy participation.
Explanation:
A - Insulate the online user from a seeming liability that could arise from using someone's else resources. The foremost objective of DMCA provisions is to strike a balance between copyright owners and the users of such. Inadvertently, it us expected that there will be attendant cases and issues emanating from such. DMCA seeks to provide adequate guidelines to addressing such.
B - It is widely acknowledged that the provisions of the DMCA have reduced a large number of legal procedures, instead of stopping copyright infringement. As there's tendency to subject the most noblest of initiative to abuse, DMCA is not an exception. The manipulation and selective interpretation of the guidelines have thus stifle many legal proceedings that could otherwise have occasioned. Resultantly, threatening the effectiveness of its foremost objective.
C - The public believe that some of the DMCA provisions threaten fair use of contents, stifle competition and eventual innovation in public policy participation. The manipulation and selective interpretation of the guidelines have thus diluted its pristine mission of establishment. Thus, fair play I'm in the use of contents, robust competition and intellectual innovation are under threat by the constant misapplication of DMCA provisions.
The safe harbor provisions of the DMCA protect ISPs from liability for infringing content uploaded by their users. However, this creates weaknesses from the perspectives of the entertainment industries and the public.
Explanation:The Digital Millennium Copyright Act (DMCA) includes safe harbor provisions that provide benefits and protections for Internet service providers (ISPs). An important benefit of these provisions is that they protect ISPs from being held liable for infringing content uploaded by their users. This encourages ISPs to host user-generated content and allows them to focus on their primary function of providing Internet access.
However, from the perspective of the entertainment industries, a weakness of the safe harbor provisions is that they may limit their ability to hold ISPs accountable for hosting pirated content. This puts the burden of policing and enforcing copyright infringement on the content creators themselves.
From the perspective of the public, an important weakness of the safe harbor provisions is that they may allow ISPs to escape liability even if they are aware of infringing content on their platforms. This can make it challenging for content creators and rights holders to protect their intellectual property rights.
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Wildhorse Company has the following information available for September 2020. Unit selling price of video game consoles $570 Unit variable costs $456 Total fixed costs $38,760 Units sold 600 Compute the unit contribution margin. Unit contribution margin Prepare a CVP income statement that shows both total and per unit amounts. WILDHORSE COMPANY CVP Income Statement For the Month Ended September 30, 2020 Total Per Unit $ $ $ $ Compute Wildhorse’ break-even point in units. Break-even point in units units Prepare a CVP income statement for the break-even point that shows both total and per unit amounts. WILDHORSE COMPANY CVP Income Statement For the Month Ended September 30, 2020 Total Per Unit $ $ $ $ Click if you would like to Show Work for this question: Open Show Work
Answer:
BEP 340 units or $193,800 of sales
Income Statment :
Sales revenue 340 units x $570 193,800
Variable Cost 340 units x $456 (155,040)
Contribution 38,760
Fixed cost (38,760)
Operating Income 0
Explanation:
The break even points is the point at whch operating income is zero.
[tex]Sales \: Revenue - Variable \: Cost = Contribution \: Margin[/tex]
570 - 456 = 114 each units generates 114 dollar to aford the fixed cost and make a gain
[tex]\frac{Fixed\:Cost}{Contribution \:Margin} = Break\: Even\: Point_{units}[/tex]
[tex]\frac{38,760}{114} = Break\: Even\: Point_{units}[/tex]
BEP 340 units
In dollars 340 x $570 each = 193,800
Answer:please refer to the explanation section
Explanation:
Unit contribution Margin = selling price per unit - Variable cost per unit
Unit contribution Margin = $ 570 - $ 456 = $ 114
Cost Volume Profit income statement
VOLUME UNIT COST ($) TOTAL ($)
Sales 600 units $570 342000
Variable costs 600 units $ 456 -273600
Contribution margin 600 units $114 68400
Total Fixed Costs -38760
Net income 29640
Break Even Point (units) = Fixed Costs/(Selling price - variable cost)
Break Even Point (units) = 38760/(570 - 456) = 340 units
Bob and Tom are two criminals who have been arrested for burglary. The police put Tom and Bob in separate cells. They offer to let Bob go free if he confesses to the crime and testifies against Tom. Bob is also told that he will serve a 15-year sentence if he remains silent while Tom confesses. If he confesses and Tom also confesses, they will each serve a 10-year sentence. Separately, the police make the same offer to Tom. Assume that if Bob and Tom both remain silent, the police only have enough evidence to convict them of a lesser crime and they will serve 3-year sentences.
a. Use this information to write a payoff matrix for Bob and Tom.
b. Does Bob have a dominant strategy? If so, what is it?
c. Does Tom have a dominant strategy? If so, what is it?
d. What sentences do Bob and Tom serve? How might they have avoided this outcome?
Answer:
A. Check the attached image for the payoff matrix
B. Confess
C. Confess
D. 3 years. They could have avoided this by confessing.
Explanation:
The above question is known as the prisoner's dilemma. It is a form of game theory. It analyses the best option for a player in a game without regard for what the other player does.
The dominant strategy is the best decision for the player without considering what the other player does or without cooperation between the players. The dominant strategy for each of the prisoners is to confess because if one confesses and the other doesn't, the one that confesses goes free. If both prisoners confesses, they get 10 years each. These is a better option than not confessing and getting either 3 years or 15 years of prison sentence.
Because both players don't confess, hence they get 3 years in prison. They could have avoided the sentence by confessing.
I hope my answer helps you
The problem depicts a classic example of the 'prisoner's dilemma' in game theory. Both Bob and Tom's dominant strategy is to confess to reduce their potential sentence, however, if they cooperated and remained silent, they would both face a significantly lesser sentence of 3 years each. The risk, however, lies in trusting each other to remain silent.
Explanation:This problem is a classic example of the prisoner's dilemma in game theory. The payoff matrix for Bob (B) and Tom (T) would look like this:
If B and T both confess (C), then both receive a 10-year sentence.If B confesses (C) and T remains silent (S), then B goes free and T receives a 15-year sentence.If B remains silent (S) and T confesses (C), then B receives a 15-year sentence and T goes free.If B and T both remain silent (S), then both receive a 3-year sentence.To answer the questions:
Bob's dominant strategy is to confess as it either ensures his freedom or reduces his sentence to 10 years rather than face a 15-year sentence if Tom confesses.Tom's dominant strategy also mirrors Bob's - it is better for him to confess.If they were to act on their dominant strategy of confessing, they would both receive a 10-year sentence each. However, this outcome could have been avoided if trust existed between Bob and Tom. Since both would have faced significantly less prison time of 3 years each by remaining silent, it would have been a better overall choice for them cooperation-wise. Yet, the risk taken in trusting the other person to also remain silent is what creates this paradox.Learn more about Prisoner's Dilemma here:https://brainly.com/question/33721898
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Exercise 5-17 (Algorithmic) (LO. 4, 8) Rover Corporation would like to transfer excess cash to its sole shareholder, Aleshia, who is also an employee. Aleshia is in the 24% tax bracket, and Rover is subject to a 21% rate. Because Aleshia's contribution to the business is substantial, Rover believes that a $114,000 bonus in the current year is reasonable compensation and should be deductible by the corporation. However, Rover is considering paying Aleshia a $114,000 dividend because the tax rate on dividends is lower than the tax rate on compensation. Answer the following questions to determine whether Rover is correct in believing that a dividend is the better choice. a. Regarding taxes, which would benefit Aleshia the most? The $114,000 dividend because after taxes she would have $ from the dividend and $ 86,640 from the bonus. b. Regarding taxes, which would benefit Rover Corporation the most? The $114,000 bonus because it would save Rover $ 23,940 in taxes. c. Considering the two parties together, which alternative would provide the most overall tax savings? The $114,000 bonus because when the overall effect to both the corporatio
Answer:
The correct answer that a dividend is a better choice is . a. Regarding taxes, which would benefit Aleshia the most? The $114,000 dividend because after taxes she would have $ from the dividend and $ 86,640 from the bonus.
Explanation:
A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits. When a corporation earns a profit or surplus, the corporation is able to re-invest the profit in the business and pay a proportion of the profit as a dividend to shareholders.
A tax (from the Latin taxo) is a compulsory financial charge or some other type of levy imposed upon a taxpayer (an individual or legal entity) by a governmental organization in order to fund various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law.
Bradley's Copiers sells and repairs photocopy machines. The manager needs weekly forecasts of service calls so that he can schedule service personnel. Use the actual demand in the first period for the forecast for the first week so error measurement begins in the second week. The manager uses exponential smoothing with alpha = 0.5. Forecast the number of calls for week 6, which is next week. Week Actual Service Calls 1 26 2 32 3 40 4 27 5 30
Answer:
Explanation:
exponential smoothing alpha = 0.5
formula = Previous demand x Alpha + previous forecast x (1 - alpha)
26 32 40 27 30
26 26 29 34.5 30.75
week 2 forecast
26x0.5 + 26x0.5 = 26.
week 3 forecast
32x0.5 + 26x0.5 = 29
use the same procedure for week 4 and week 5
week 6
30x0.5 + 30.75x0.5 = 30.375
Demand Forecast for week 6 = 30.38
16. A price floor represents: a. a maximum price that can be legally charged for a product or service. b. a minimum price that can be legally charged for a good or service. c. a lottery imposed upon producers by the government, d. a first come, first serve mechanism for controlling prices.
Answer:
b. minimum price that can be legally charged for a product or service
Explanation:
A price floor represents a minimum price that can be legally charged for a product or service. A price floor is the lowest legal price that can be paid in markets for goods and services, labor, or financial capital. There are many goods which have price floors imposed by the government; for example agriculture good. In an organizations, unions may also impose price floors which could be the minimum rates for the staff etc.
"The premium on a pound put option is $.04 per unit. The exercise price is $1.60. The break-even point is ____ for the buyer of the put, and ____ for the seller of the put. (Assume zero transaction costs and that the buyer and seller of the put option are speculators." g
Answer:
$1.56, $1.56
Explanation:
Break-even point on a Put option is the Net of premium cost. Your exercise price is $1.60, it includes the premium price paid to the seller. The break-even point for the will be $1.56 ( $1.60 - $0.04 ) and for the seller it will also be $1.56 because there is no transaction cost is involved and the premium received is an income for him.
Final answer:
The break-even point is $1.56 for both the buyer and the seller of a pound put option with a premium of $.04 and an exercise price of $1.60. This point is reached by subtracting the premium from the exercise price. Speculative trading carries risks and potential rewards, depending on market movements.
Explanation:
The break-even point for the buyer of a pound put option with a premium of $.04 per unit and an exercise price of $1.60 is $1.56. This is because the buyer of the put will pay the premium and needs the market price to be low enough to cover the cost of the premium when they exercise the option. To calculate the break-even point for the buyer, you subtract the premium from the exercise price ($1.60 - $.04 = $1.56).
For the seller of the put option, the break-even point is also $1.56 because this is where the seller does not gain or lose money from the premium received after considering the potential obligation to buy the underlying asset at the exercise price if the buyer exercises the option.
It is important to remember that in options trading, speculators can make a profit if their predictions about the market movement are correct, but there are no guarantees, and they can also suffer losses if the market does not move as anticipated.
A manufacturer estimates that its product can be produced at a total cost of C(x) = 50,000 + 100x + x3 dollars. If the manufacturer's total revenue from the sale of x units is R(x) = 3400x dollars, determine the level of production x that will maximize the profit. (Round your answer to the nearest whole number.)
Answer:
The level of production x that will maximize the profit is: 22,966
Explanation:
C(x) = 50,000 + 100x + x³
R(x) = 3400x
P(x) = R(x) - C(x)
= 3400x - [50,000 + 100x + x³]
= 3400x - 50,000 - 100x - x³
= 3300x - 50,000 - x³ .................... (A)
P'(x) = 3300(1) - 0 - 3x²
= 3300 - 3x²
At a critical point, P'(x) = 0
∴ 0 = 3300 - 3x²
3x² = 3300
x² = 1100
x = ± [tex]\sqrt{1100}[/tex]
P"(x) = -6x
P([tex]\sqrt{1100}[/tex]) = -6 ([tex]\sqrt{1100}[/tex]) < 0
by second derivative, 'P' max at x = [tex]\sqrt{1100}[/tex] = 33.17 (rounds)
since x = [tex]\sqrt{1100}[/tex] ,
recall that P(x) = 3300x - 50,000 - x³ from equation (A)
Therefore, Maximum Profit
P([tex]\sqrt{1100}[/tex]) = 3300[tex]\sqrt{1100}[/tex] - 50000 - [tex]\sqrt{1100} ^{3}[/tex]
= 3300(33.17) - 50,000 - 33.17³
= 109461 -50,000 - 36495.26
= 22,965.74
Maximum profit is 22,966 to the nearest whole number
To find the level of production x that maximizes profit, calculate the profit function by subtracting total cost (C(x)) from total revenue (R(x)). Then, find the value of x that makes marginal revenue equal to marginal cost. This requires knowledge of calculus to differentiate the profit function.
Explanation:To determine the level of production x that will maximize the profit, we first need to calculate the profit function which is the total revenue (R(x)) minus the total cost (C(x)). In this case, the Profit function P(x) is equal to R(x) - C(x) = 3400x - (50,000 + 100x + x3).
Then, to find the level of output that maximizes profit, you would typically differentiate this profit function, set the derivative equal to zero, and then solve for x. This involves calculus, which might not be within the scope of your current studies.
Without using calculus, it is hard to pinpoint the exact value of x that maximizes the profit. However, it is possible to say that the profit-maximizing level of output will occur when marginal revenue (the additional revenue from selling one more unit) equals marginal cost (the additional cost of producing one more unit), which is a fundamental principle in economics. So, you would try to find an x such that the increase in 3400x from increasing x by 1 is equal to the increase in (50,000 + 100x + x3) from increasing x by 1.
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The variance of an investment's returns is a measure of the:
A. probability of a negative return.
B. historic return over long time periods.
C. average value of the investment.
D. volatility of the rates of return.
Answer:
B. historic return over long time periods.
Explanation:
Variance is a metric applied in statistics to determine the squared deviation of a random variable from its mean value.
The variance of a return of investment is a measure of the historic return over large time periods. The historical return approach is more commonly used in the exercise of investing. It follows the data which is a finite set of historical returns of investment and assumes that each possible result has an equal probability.
Exercise 22-19 Pletcher Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic is currently preparing the master budget for the first 2 quarters of 2020. All that remains in this process is the cash budget. The following information has been collected from other portions of the master budget and elsewhere. Beginning cash balance $30,900 Required minimum cash balance 25,750 Payment of income taxes (2nd quarter) 4,120 Professional salaries: 1st quarter 144,200 2nd quarter 144,200 Interest from investments (2nd quarter) 7,210 Overhead costs: 1st quarter 79,310 2nd quarter 103,000 Selling and administrative costs, including $2,060 depreciation: 1st quarter 51,500 2nd quarter 72,100 Purchase of equipment (2nd quarter) 51,500 Sale of equipment (1st quarter) 12,360 Collections from clients: 1st quarter 242,050 2nd quarter 391,400 Interest payments (2nd quarter) 206 Prepare a cash budget for each of the first two quarters of 2020.
Answer:
[tex]\left[\begin{array}{ccc}&Q1&Q2\\beginning&30,900&25,750\\receipts&254,410&398,610\\disbursement&-272,950&-372,806\\interest&0&-206\\subtotal&12,360&50,892.3\\minimun&25,750&25,750\\Financing&&\\beginning&0&13,390\\payment/loan&13,390&-13,390\\ending&13,390&0\\&&\\ending cash&25750&37502.3\\\end{array}\right][/tex]
Explanation:
Q1
proceeds from disposal of equipment 12360
sales 242050
outlay:
salaries 144200
overhead cost 79310
S&A cost 51500
depreciation (2060)
Q2
interest revenue from investment 7210
sales 391400
outlay:
salaries 144200
overhead cost 103000
S&A cost 72100
depreciation (2060)
purchase of equipment 51500
interest payment 206
To prepare the cash budget for the first two quarters of 2020, calculate the cash inflows and outflows for each period. The cash inflows include collections from clients and sale of equipment. The cash outflows include professional salaries, overhead costs, selling and administrative costs, income tax payment, and purchase of equipment.
Explanation:To prepare the cash budget for each of the first two quarters of 2020, we need to calculate the cash inflows and outflows for each period. For the first quarter, the cash inflows include collections from clients of $242,050 and the sale of equipment for $12,360. The cash outflows include professional salaries of $144,200, overhead costs of $79,310, selling and administrative costs of $51,500, and income tax payment of $0. The ending cash balance for the first quarter would be calculated by adding the beginning cash balance of $30,900 to the cash inflows and subtracting the cash outflows.
For the second quarter, the cash inflows include collections from clients of $391,400 and interest from investments of $7,210. The cash outflows include professional salaries of $144,200, overhead costs of $103,000, selling and administrative costs of $72,100, income tax payment of $4,120, and purchase of equipment for $51,500. The ending cash balance for the second quarter would be calculated by adding the beginning cash balance of $30,900 to the cash inflows and subtracting the cash outflows.
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Journalizing reversing entries
Ocean Breeze Associates accrued $8,500 of Service Revenue on December 31. Ocean Breeze Associates received $14,500 on January 15, including the accrued revenue recorded on December 31.
Requirements
Record the adjusting entry to accrue Service Revenue.
Record the reversing entry.
Journalize the cash receipt.
Answer:
Dr. Cr.
Adjusting Entry
December 31
Account Receivable $8,500
Revenue $8,500
Reversing Entry
January 1
Revenue $8,500
Account Receivable $8,500
Cash Receipt
January 15
Cash $14,500
Revenue $14,500
Explanation:
On December 31 the accrued revenue is recording to comply with the accrual principle by debiting account receivable and crediting revenue account.
A reverse entry of accrued revenue was made on January 1 to eliminate its effect. it does not mean that company has negative revenue it is made to adjust the the cash receipt event of the transaction when its effect will be nil by a credit entry with.
Cash received on January 15 is recorded against the revenue.
To journalize reversing entries for Ocean Breeze Associates, an adjusting entry is first made on December 31 to record the accrued revenue of $8,500. Then, a reversing entry is made on January 1st to cancel this. Lastly, on January 15, when the cash is received, it's divided and recorded between Accounts Receivable for $8,500 and Service Revenue for $6,000.
Explanation:Here are the steps for journalizing reversing entries for Ocean Breeze Associates:
Record the adjusting entry to accrue Service Revenue: At the end of December 31, the accrued revenue of $8,500 from services is recorded with a debit to Accounts Receivable and a credit to Service Revenue.Record the reversing entry: On January 1st, a reversing entry is made to cancel out the accrual entry. This is done by debiting Service Revenue and crediting Accounts Receivable.Journalize the cash receipt: On January 15, when Ocean Breeze Associates receives $14,500 including the accrued revenue, it is recorded as a debit to Cash and a credit to Accounts Receivable for $8,500 (the accrued amount) and to Service Revenue for $6,000 (the rest of the amount).Learn more about Journalizing reversing entries here:https://brainly.com/question/32462928
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If TOMS decided to enter the tea business and they purchased part of a foreign tea company to join with them to found TOMS Teas, this would be an example of __________
If TOMS decided to enter the tea business and they purchased part of a foreign tea company to join with them to found TOMS Teas, this would be an example of __________.
a. direct foreign investment
b. contract manufacturing
c. a joint venture
Answer:
This would be an example of a joint venture.
Explanation:
A joint venture (JV) is a corporate agreement in which two or more organisations agree to share money to carry out a specific mission. This role can be a new project or a new enterprise.
Each of the partners shall be liable in a joint venture (JV) for benefit, loss and related costs. The corporation is therefore its own organisation, independent from other corporate interests of the members.
These are alliances, which can carry on some formal system in a conversational context.
The common usage of JVs is to join a global industry partner with such a local company.
This is an example of a joint venture, where TOMS and a foreign tea company are pooling resources to create and distribute TOMS Teas.
Explanation:If the shoe company TOMS decided to enter the tea business and purchased part of a foreign tea company to join with them to launch TOMS Teas, this would be an example of a joint venture. A joint venture is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task or project. In this case, the specific task would be creating and distributing TOMS Teas. This concept is common in international business and allows for risk sharing, access to local market knowledge, and shared resources and technology.
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Bloom Company management predicts that it will incur fixed costs of $160,000 and earn pretax income of $164,000 in the next period. Its expected contribution margin ratio is 25%. Required: 1. Compute the amount of total dollar sales. 2. Compute the amount of total variable costs.
Answer:
1. $1,296,000
2. $972,000
Explanation:
Pretax income is the difference between the total sales and the total expenses. The total expense is made up of the fixed cost and variable cost. The variable cost is dependent on the level of activities. Contribution margin is the net of total sales and total variable cost. The ratio is the ratio of contribution margin to sales.
As such, contribution less fixed cost gives the pretax income.
Contribution margin = $164,000 + $160,000
= $324,000
25% = $324,000/total sales
Total sales = $1,296,000
Total variable costs = $1,296,000 - $324,000
= $972,000
Given the list of assets below, which is the most liquid? $500 worth of General Motors common stock A $500 travelers check A one-ounce gold coin $500 worth of General Motors bonds
Answer:
A $500 travelers check
Explanation:
A $500 travelers check is the most liquid asset because it can be directly exchanged for currency. In fact, travelers checks are so liquid that they are included in the money aggregate M1, the money supply measure that is the most liquid.
Tracy consumes dress shoes (D) and casual Crocs (C). Her marginal utility from consuming casual Crocs is MU Subscript Upper CMUCequals=20DC and her marginal utility from consuming dress shoes is MU Subscript Upper DMUDequals=10Upper C squaredC2. Her annual shoe allowance is $450450, which she spends on only dress shoes and Crocs. If she pays $5050 for a pair of dress shoes and $2525 for a pair of Crocs, what is her optimal consumption bundle?
Answer:
The optimal bundle is 6 pairs of dress shoes and 3 pairs of Crocs.
Explanation:
From the question,
Allowance (M) = $450; Price of dress shoes, Pd = $50; Price of crocs, Pc = $50
Note: MRS-price ratio, MUC- marginal utility from consuming casual Crocs ,MUD- marginal utility from consuming dress shoes
Optimal bundle is determined where MRS = Price ratio
MRS = MUC/MUD = 20DC/10C2 = 2D/C
Price ratio = Pd/Pc = 50/50 = 1
So, 2D/C = 1
Therefore, C = 2D
Budget constraint: M = Pd*D + Pc*C
So, 50D + 50*(2D) = 450
50D + 100D = 150D = 450
So, D = 450/150 = 3
C = 2D = 2*3 = 6
To maximize her utility, Tracy should buy twice as many pairs of casual Crocs as dress shoes. This is found by equalizing the marginal utility per dollar spent on each type of shoe and considering her budget constraint of $450.
Explanation:In economics, consumers aim to maximize their utility given their budget constraints. The optimal consumption bundle is achieved when the marginal utility per dollar spent on each good is equal. Therefore, to find Tracy's optimal consumption bundle, we need to set the marginal utility per dollar spent on dress shoes equal to the marginal utility per dollar spent on casual Crocs.
The marginal utility per dollar spent on dress shoes is MU Subscript Upper D/Price of D = 10Upper C squaredC2/$50. The marginal utility per dollar spent on casual Crocs is MU Subscript Upper C/Price of C = 20DC/$25. Setting these equal to each other, we get (10C2/$50) = (20DC/$25). Simplifying, we find that Tracy should buy twice as many pairs of Crocs as dress shoes to maximize her utility.
However, we also need to take into account her budget constraint of $450. Let D be the number of pairs of dress shoes and C be the number of pairs of casual Crocs. So, we have the equation $50D + $25C = $450. Substituting D = C/2 into this equation, we can solve for the optimal number of dress shoes and Crocs for Tracy.
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