Consider two neighboring island countries called Felicidad and Arcadia. They each have 4 million labor hours available per week that they can use to produce jeans, rye, or a combination of both. The following table shows the amount of jeans or rye that can be produced using 1 hour of labor.
Jeans Rye
Country (Pairs per hour of labor) (Bushels per hour of labor)
Felicidad 5 20
Arcadia 8 16
Initially, suppose Arcadia uses 1 million hours of labor per week to produce jeans and 3 million hours per week to produce rye while Felicidad uses 3 million hours of labor per week to produce jeans and 1 million hours per week to produce rye. Consequently, Felicidad produces 15 million pairs of jeans and 20 million bushels of rye, and Arcadia produces 8 million pairs of jeans and 48 million bushels of rye. Assume there are no other countries willing to trade goods, so, in the absence of trade between these two countries, each country consumes the amount of jeans and rye it produces.
1. Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. In this case, the country that produces jeans will produce _____ million pairs per week, and the country that produces rye will produce ____ million bushels per week.

Answer:

As Ivana has just finished a training program sponsored by her employer that has dramatically increased her computer skills. She feels that she should stay with the company for at least a couple more years to repay them for investing in her skill development. Ivana is experiencing Normative Commitment for her organisation.

Explanation:

As Ivana has just finished a training program sponsored by her employer that has dramatically increased her computer skills. She feels that she should stay with the company for at least a couple more years to repay them for investing in her skill development. She is experiencing Normative Commitment for her organisation. She feels that she ought it to her company. Her company has added some value in her, she has spend time here and her company has made her learnt new skills, therefore, she should return something valuable to her company in the form of her services. Ivana feels herself obliged and consequently want to continue working for the same company so she can repay them something back.

Ivana is experiencing normative commitment, where she feels obliged to stay with her employer due to the investment they made in her skill development.

Ivana is likely experiencing what is referred to as normative commitment. Normative commitment refers to an employee's feeling of obligation to remain with an organization. In this case, Ivana feels obliged to stay with her employer because they invested in her skill development, which demonstrates a form of reciprocation. This form of commitment could greatly benefit companies as it promotes loyalty and reduces employee turnover.

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Answer:

The expected return from a portfolio consisting of 25% of stock A and 75% of stock B is 18.5%

Explanation:

Return on portfolio=Return of security A *Weight of security A+Return of security B *Weight of security B  

Return of security A=14%

Return of security B=20%

Weight of security A=25%

Weight of security B=75%

Return on portfolio  =  14 % ∗  25 /100  +  20%  ∗  75 /100

Return on portfolio  =  18.5 %

Answer:

$25,343,040.52

Explanation:

For this question, we have to compute the present value that is shown on the attached spreadsheet.

Given that,  

Future value = $0

Rate of interest = 6.5%

NPER = 12

PMT = $35,000,000 ÷ 12 = $2,916,666.67

The formula is shown below:

= PV(Rate;NPER;-PMT;FV;type)

So, after solving this, the answer would be $25,343,040.52

The present value of the lottery jackpot will be 310,155,700 . To calculate the present value of a series of future payments, you can use the present value formula. In this case, you have twelve equal annual payments of $35,000,000 each.

The present value formula for an annuity is:

[tex]PV = PMT \cdot \left(1 - \frac{1}{(1 + r)^n}\right) / r[/tex]

Where:

PV = Present Value

PMT = Payment amount per period

r = Interest rate per period

n = Number of periods

In your case:

PMT = $35,000,000 (annual payment)

n = 12 (12 equal annual payments)

r = The discount rate you want to use (interest rate)

If we assume an annual discount rate (interest rate) of, for example, 5%, the present value calculation would look like this:

[tex]PV = $35,000,000 \times \left(1 - \frac{1}{(1 + 0.05)^{12}}\right) / 0.05[/tex]

[tex]PV \approx 0.05 \cdot 15,507,785 \approx 310,155,700[/tex]

For similar questions on  present value

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Answer:

The firm turnover: is 8.1

while the weeks of supply are 6.19

Explanation:

[tex]\frac{COGS}{Average Inventory} = $Inventory Turnover[/tex]

​where:

[tex]$$Average Inventory=(Beginning Inventory + Ending Inventory)/2[/tex]

37,000 + 42,500 = 79,500 / 2 = 39,750

Inventory TO 322,000 / 39,750 = 8,100

cost of good sold: 322,000 / 52 = 6,192 inventory sold per week

inventory at hand 42,500

42,500 / 6,192 = 6,86

To calculate the inventory turnover ratio, the average inventory and COGS is used, and for weeks of supply, the ITR is converted using the number of weeks in a year.

To compute the inventory turnover ratio (ITR), we must first determine the cost of goods sold (COGS) and the average inventory for the period. The value of starting inventory plus the value of ending inventory, divided by 2, gives us the average inventory. In this scenario, the average inventory is calculated as the sum of the value of production materials on hand, the value of work-in-process inventory, and the value of finished goods on hand, all divided by 2. The ITR is then found by dividing the COGS by the average inventory.

For the weeks of supply (WS), we convert the ITR into how many weeks' worth of inventory is present on average by dividing the number of weeks in a year, which is 52, by the ITR.

Explanation:

Option 1: Job Knowledge

This option is closely associated with the question but not right. Only the job knowledge cannot solve the issue. You need an additional skill of problem solving to fix or identify the issue.

Option 2: Information processing

Processing the information is not the required skill to analyze the given problem.

Option 3: Problem analysis

Here there is a loose connection inspected. So inspection is one kind of analysis of problem. This skill is important for the given situation.

Option 4: Initiative

Initiative is one of the soft skill but this skill will not be used in analysis of a problem.

Answer:

Factor-driven economy.

Explanation:

The factor-oriented economy can be defined as the first sector of economic development, which is based on the use of natural resources and unskilled labor. In this type of economy, the competitive advantage is based on the production of basic products, which are the source of production of this factor-oriented economy.

Generally, this first stage of economic development supports low wages compared to other economic stages.

Answer:

The correct word for the blank space is: commitment.

Explanation:

In the relationship development process, the commitment stage implies a compromise between the seller and the supplier engaging each other more in their operations. The relationship develops to help each other with their objectives and usually causes special treats -such as discounts- between the two characters.

Answer:

b. social power

Explanation:

Social power is exercised by an individual when such an individual holds a higher rank in a society.

In the given case, an employee was desirous of taking a leave on Saturday but his Boss asked him to report, whose direction he could not decline. Since the boss represents a higher social rank, his order could not be refused.

This is the case of Social Power, wherein an individual exercises considerable influence over another owing to his higher position in social ranks.

The theory of Purchasing Power Parity predicts that a haircut costing 15 dollars in Dallas, given an exchange rate of 1 euro to 1.5 dollars, should cost 10 euros in Paris. Similarly, a wheel of cheese costing 20 euros in Paris should cost 30 dollars in Dallas.

According to the theory of Purchasing Power Parity (PPP), the exchange rate between two countries should equate the cost of a similar basket of goods in both countries. In simpler terms, a haircut or a wheel of French cheese should cost the same regardless of whether you're in Dallas or Paris, after converting currencies.

Given the exchange rate of 1 euro to 1.5 U.S dollars, a haircut that costs 15 dollars in Dallas should cost 10 euros in Paris. This result can be ascertained by dividing the dollar cost by the exchange rate (15 / 1.5 = 10 euros).

Similarly, a wheel of French cheese that costs 20 euros in Paris should cost 30 dollars in Dallas. This is done by multiplying the euro cost by the exchange rate (20 * 1.5 = 30 dollars).

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Answer:

The beginning raw materials inventory balance was $3,300.

Explanation:

Ending balance of Raw Material Inventory = Opening balance of raw material inventory + Purchases for the period - Material requisitions

$24,300 = Opening balance of raw material inventory + $60,000 - $39,000

$24,300 = Opening balance of raw material inventory + $21,000

Opening balance of raw material inventory = $24,300 - $21,000

Opening balance of raw material inventory = $3,300

The beginning raw materials inventory balance was $3,300.

Answer:

$99,960

Explanation:

Gross margin:

= Revenue - Cost of goods sold

= $280,000 - $95,000

= $185,000

Profit before tax:

= Gross margin - salaries - insurance payment - Interest

= $185,000 - $11,500 - ($5,400 ÷ 2) - $4,200

= $166,600

Net Income:

= Profit before tax - Tax

= $166,600 - (40% ×  $166,600)

= $166,600 - $66,640

= $99,960

Note:

As there is no inventory on hand, so the whole merchandise is used as the  Cost of Goods Sold.

Only half of 2-year payment of 6,800 is relevant for this year.

The net income for the first year for Alpaca Corporation is $126,714.29.

To compute the net income for the first year, we need to consider the various revenues and expenses of the company. First, we calculate the net sales by subtracting the uncollected sales ($18,600) from the total revenues ($280,000). Net sales = $280,000 - $18,600 = $261,400. Next, we calculate the cost of goods sold (COGS) by subtracting the amount still owed on merchandise ($26,700) from the initial purchase cost ($95,000). COGS = $95,000 - $26,700 = $68,300.

Then, we deduct the COGS, salaries ($11,500), interest ($4,200), and income tax (40% of net income) from the net sales. Net income = Net sales - COGS - Salaries - Interest - (Income tax rate x Net income). Plugging in the values, we have:

Net income = $261,400 - $68,300 - $11,500 - $4,200 - (0.40 x Net income)

Simplifying the equation, we get:

Net income = $261,400 - $68,300 - $11,500 - $4,200 - 0.40 Net income

Combining like terms, we have:

1.40 Net income = $261,400 - $68,300 - $11,500 - $4,200

1.40 Net income = $177,400

Solving for Net income, we divide both sides by 1.40:

Net income = $177,400 / 1.40

Net income = $126,714.29

Therefore, the net income for the first year for Alpaca Corporation is $126,714.29.

Answer:

a.

Debit Accounts Receivable $1,500

Credit Sales $1,500

b.

Debit Cash $1,500

Credit Accounts Receivable $1,500

Explanation:

On June 7, Pixer Co. sells $1500 of merchandise to Jasmine Co. on account.

Pixer's books records the sale by the entry:

Debit Accounts Receivable $1,500

Credit Sales $1,500

On June 21, Jasmine Co. pays for this merchandise. Pixer's books records the receipt of payment by the entry:

Debit Cash $1,500

Credit Accounts Receivable $1,500

Final answer:

On June 7, Pixer Co. makes a credit sale of $1500, recorded as an increase in Accounts Receivable and Sales Revenue. Upon receipt of payment on June 21, they debit Cash and credit Accounts Receivable for $1500.

Explanation:

Accounting Entries for Pixer Co.

For the scenario provided where Pixer Co. sells merchandise to Jasmine Co.:

a. Entry to Record the Sale on Pixer's Books

June 7: When Pixer Co. sells $1500 of merchandise on account, the entry is:

This entry indicates that Pixer Co. has made a credit sale, increasing its Accounts Receivable and recognizing the Sales Revenue at the same time.

b. Entry to Record the Receipt of Payment

June 21: When Jasmine Co. pays for the merchandise, the entry is:

This entry shows that Pixer Co. has received cash, which increases its Cash account, and decreases the Accounts Receivable since the customer's debt has been paid.

Answer:

d) making HR planning more critical and complex.

Explanation:

Globalization refers to the way of interacting with different people around the world in order to get healthy relationship for business purpose. Communication technologies become a helping hand to make globalization so easy and efficient.

Increase Globalization increase the practice of human Resource, in order to maintain the workforce in a more systematic way thus globalization make human resource planning more complex.

Answer:

Option (b) is correct.

Explanation:

Economic profit is the difference between total revenue and total costs. Total costs includes both implicit costs as well as explicit costs. Implicit costs refers to the opportunity cost that are associated with the choice of alternatives.

Accounting profits includes only explicit costs. Explicit costs are the costs which are incurred for operating a business.

The true statement is that economic profits include implicit costs. This differentiates economic profits from accounting profits, which do not include opportunity costs. Furthermore, sunk costs, which are costs that have already been incurred and cannot be recovered, are generally not considered by economists in decision making. The correct statement b.

The statement b. Economic profits include implicit costs is the correct one. Economic profits are a measure of the profitability of a venture after accounting for both explicit and implicit costs. Explicit costs are direct monetary expenses for resources needed for production.

Implicit costs, on the other hand, are the opportunity costs of using resources already owned by the firm. They could be what the resources could be earning in their next best employment. This differentiates economic profits from accounting profits which only take into account explicit costs leaving out the opportunity costs (implicit costs).

Economists do not generally factor in sunk costs in decision making because they are costs that have already been incurred and cannot be recovered, hence they do not influence future business decisions. The correct statement b.

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Answer:

Event                                                      Classification

1.                                                              Asset Source

2.                                                             Asset Use

3.                                                             Asset Use

4.                                                             Asset Source

5.                                                             Asset Exchange

6.                                                             Not applicable (NA)

7.                                                              Asset Source

8.                                                              Asset Use

9.                                                              Asset Source

10.                                                             Asset Exchange

11.                                                              Asset Source

Explanation:

An asset is an economic resources controlled by an entity from which future economic benefits are expected.

In recording asset,  business events can result in asset source,asset use and asset exchange. Asset source is the acquisition of asset, asset use is consumption of existing asset and asset exchange is the transfer of asset from one source to another.

The Nevada Company's activities can be classified into asset source (issuing of common stock and providing services), asset use (paying expenses and dividends), and exchange transactions (purchasing land). The market value determination of the land does not apply to this classification.

The events experienced by the Nevada Company during its first year of operations can be classified as follows: The acquisition of cash from the issue of common stock (both $1,000 and $16,000) and borrowing $10,000 from New South Bank are asset source transactions. Providing services for $6,000 cash and providing boarding services for $10,500 cash are also asset source transactions. The payment of $2,400 for utilities expense, $1,500 cash dividend to stockholders, $3,500 for salary expense, and $6,000 for the purchase of land are asset use transactions. The purchase of additional land for $2,500 is an exchange transaction. The market value of the land being determined to be $24,000 at the end of the accounting period is not applicable to the classification of asset source, use, or exchange.

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Answer:

The answer is True

Explanation:

Answer:

E) none of the above

12.70% and 2.49% standard deviation

Explanation:

We multiply probability by the outcome to get the weighted amount, we add them and get the expected return.

probability outcome weighted

0.25          0.10   0.0250

0.45          0.12   0.0540

0.30          0.16   0.0480

expected return  0.1270

Now that we got the expected return at 12.7%

We now subtract the possible outcome with the expected return and square them:

(0.127-0.1)^2

(0.127-0.12)^2

(0.127-0.16)^2

Then we add them and divide by the sample which is 3

0.000622  

²√ 0.000622   = 0.024944383

Final step, will be the square root which gives the standard deviation

of 2.49% = 0.024947  

Answer:

A-Positive

B-Positive

C-Negative

D-Negative

E-Negative

Explanation:

To begin with, the term known as ''cross elasticity of demand'' refers to an economic concept that measures the quantity demanded of a good when a change in the price of other good takes place.

In the case of the umbrellas, as being products very equal the most common thing to happen is that when the price of one of them increases the quantity demanded of the other will increase too regarding the fact that the second one will be cheaper. Therefore establishing a positive cross elasticiy of demand due to the fact that they are two substitute products.

In the case of the Coca-Cola and Pepsi, both products are also substitute and therefore it is obvious that the cross elasticity of demand will be positive due to the fact that if the price of one of them increases then the quantity demanded of the other will increase as well too.

In the cases C, D and E the most likely thing to happen is that when the price of one of them increases then the quantity demanded of the other will decrease due to the fact that they are two complementary goods whose cross elasticity of demand is negative. Because the complementary goods are those that whose appeal increases with the demand of its complement and that happens in the cases of the grape jelly and peanut butter, the chocolate chip cookies and milk and the computers and software.

The cross-price elasticity of demand would be positive for substitutes (red and black umbrellas, Coca-Cola and Pepsi); negative for complements (grape jelly and peanut butter, chocolate chip cookies and milk, computers and software).

The cross-price elasticity of demand measures how the quantity demanded of one good changes with respect to the price change of another good. It indicates whether two goods are substitutes, complements, or unrelated.

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Answer:

Assets   =   Liabilities   +   Equity

1) services on account

+35,000 (A/R)              + 35,000 Service revenue

2) collection of 27,000

-27,000 (A/R)

+27,000 (cash)

net effect of zero

3) acquisition of equipment through promissory note

+20,000 (equipment +20,000(note payable)

4) -3,500(cash)                    - 3,500 utlities expense

Explanation:

Asset will be affected when cash, equivalent of cash, or right or property than can be used to produce cashflow is acquired or used

Liabilities is affected whe nwe take debt like in #3

Equity when the company generated revenue or expenses.

It will also be affected when investment fro mowners are made.

Answer:

The correct answer is letter "D": individuals on the board who are not employed by the board's corporation.

Explanation:

The Board of Directors is a group appointed or elected to represent shareholders at major companies. The Board of Directors is composed of inside directors who have a direct relationship with the organization and outside directors who are not employees of the organization but help to balance the decisions in the overall Board.

Answer:

D. $590

Explanation:

Predetermined overhead rate = $15 per labour hour

Direct Material cost = $50

Labor rate = $75 per hour

Number of Direct labor hour = 6

Direct labor cost = 6 x 75 = $450

Overhead applied cost = Predetermined overhead rate x Direct labor hours

Overhead applied cost = 15 x 6 = $90

Total cost = $50 + $450 + $90

Total cost = $590

So, the correct answer is D. $590

Answer:

d. may make some unrealistic assumptions in order to simplify a complex reality

Explanation:

In economics, a model is a conceptual structure that represents economic procedures through a number of variables and a series of rational or quantitative interactions. The economic model is a simpler framework intended to demonstrate complex structures that is often mathematical.

Final answer:

A useful economic model often makes unrealistic assumptions to simplify complex realities, allowing economists to understand and predict economic behaviors. These simplifications are standard in economics and can provide relevant insights despite their lack of realism.

Explanation:

Within the realm of economics, a useful economic model may indeed make some unrealistic assumptions in order to simplify complex realities and analyze important economic relationships. While it's true that these assumptions are not realistic reflections of the real world, their purpose is to create a framework that allows economists to isolate and understand the behaviors and interactions that drive economic outcomes.

Economic models function as tools that help economists reason through problems by creating a more manageable version of reality. For example, models may assume perfect information, profit maximization, or rational choices to explore how agents are likely to behave under certain conditions. Critically, while the real world is more nuanced and uncertain, these simplifications can reveal insights that do bear relevance to more complex, real-life situations.

Therefore, the correct answer to the student's question is that a useful economic model d. may make some unrealistic assumptions in order to simplify a complex reality. This is acknowledged as a standard practice in economics, which seeks to understand how agents respond to changes and predict outcomes through the analysis of simplified representations of reality.

Answer:

refers to the quantity of goods and services each unit of labor can produce

Explanation:

Productivity measures the efficiency of production. It calculates how much input is needed to produce output.

Productivity is high if each unit of labour produces more quantity of goods and services. Productivity is low if each unit of labour produces less quantity of goods and services.

I hope my answer helps you

Answer:

increase of 196.70 dollars

Explanation:

While the depreciation expense will not generate a cash outflow or inflow, the expense will impact the net income which determinates the incoem tax payable.

This change in the net income and therefore, the income tax will also change the cahsflow:

depreciation ( 1 - t ) = tax-shield

562 x 35% = 196.70

The increase in depreciation provides a 196.70 dollars tax shield which increases the cash flow generate for the year.

Answer:

The correct answer is letter "B": Enterprise planning and monitoring.

Explanation:

Information Systems impact the Supply Chain at planning and monitoring stages. Information Systems allow managers to analyze information about the flow of the supply chain and allows them to spot where improvement is necessary. Besides, it allows tracking production to maximize it. Decisions can be made upon the feed Information Systems provide.

Answer:

frictionally unemployed.

Explanation:

Frictional unemployment -

It refers to the situation , when a person is jobless and is searching for a new job in the upcoming healthy economy , is referred to as frictional unemployment.

The person might have left the job intentionally or unintentionally , but the main motto is to find a job which suits the person better .

Hence , from the given scenario of the question,

Stephanie is classified as a  frictionally unemployed .

Answer:

The correct answer is letter "A": Unearned Revenue.

Explanation:

Unearned Revenue is accrued payments obtained by a company or individual for products and services not yet made or delivered by the company. Other terms for unearned revenue are advanced payments or deferred revenue. According to the Generally Accepted Accounting Principles (GAAP) the revenue process must be complete before revenue becomes an asset. This requires both delivery of the service or product and received-up payment.

Unearned revenue is recorded as a liability on the Balance Sheet because it represents a debt owed to a customer.

Answer:

$2.0 billion

Explanation:

The Gross Domestic Product is the monetary value of all goods and services that is produced within the boundary of a country in a specific time.

The formula for GDP is

GDP= consumption + government spending + investment + (export - import)

200,000 are sold to consumers

300,000 are sold to businesses

300,000 are sold to the government

100,000 are sold abroad (exported)

100,000 is kept as inventory

GDP= {200,000 + 300,000+ 300,000+ 100,000+ (100,000- 0)}* $2,000

GDP= 1,000,000*2000

GDP= $2 billion

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

July 1, 20X1:

Material $5 per unit

Labor $3 per unit

Overhead $1 per unit

Total cost= $9

Beginning inventory= 3,200 units.

December 1, 20X1:

Bradley Corporation produced 12,400 units.

These units had a material cost of $4, labor of $6, and overhead of $4 per unit.

Total cost= $14

A) Units sold= 16,800 units

Selling price= $13

The total inventory is= 3,200+12,400= 15,600

We will assume that production levels with sales.

Sales= 16,800*13= $218,400

Cost of goods sold= (3,200*9 + 13,600*14)= (219,200)

Gross profit= (800)

B) We will assume the ending inventory is 300 units:

Inventory= 300*14= $4,200

Answer:

Extended decision making

Explanation:

Extended decision making is the decision making which involve the very high level of the purchase, an internal as well as extensive information search which is followed by the complex computation of the alternatives available and thorough evaluation is taken place when the purchase will take place.

So, for most of the people, when the decision of purchase is to be made like for the Ford automobile, the people will choose the extended decision making as it is expensive, infrequently purchased products.