Answer:
$215,000
Explanation:
Given that,
EcoWash Corporation has:
Revenues = $310,000
Expenses = $95,000
dividend declarations and payments = $6,000
Hence, the net income is determined by subtracting expenses from the revenues.
Net income:
= Revenues - Expenses
= $310,000 - $95,000
= $215,000
Therefore, the EcoWash Corporation has a net income of $215,000 for the year.
After scanning the environment, PepsiCo discovered consumers’ desire for healthier food options. The company then thought about how this environmental factor related to the possible actions the company would take. Managers at PepsiCo likely depicted these relationships by
(A) completing an environmental scan
(B) listing the threats and opportunities.
(C) creating a cognitive map.
Answer:
(A) Completing an environmental scan
Explanation:
Pepsi has done through environmental scan where they have analysed all the trends and attitudes of different consumers, in addition, they have also investigated their competitors, they what they are going to do in the near future as well as what their current products are and what direction they are going on which in return will decides their intentions. Therefore, Pepsi has conducted an environmental scan where they have found consumer's increasing behavior towards organic and healthy products besides opting for the Green Marketing, that's the reason why they have conducted this environmental scan in order to fulfill their consumer's stated and unstated needs and demands more efficiently and effectively.
Abby consumes only apples. In year1, red apples cost $1 each, green apples cost $2 each, and Abby buys 10 red apples. In year 2, red apples cost $2, green apples cost $1, and Abby buys 10 green apples.
1. Compute Abby’s nominal spending on apples in each year. How does it change from year 1 to year 2?
2. Compute a consumer price index for apples for each year. Assume that year 1 is the base year in which the consumer basket is fixed. How does your index change from year 1 to year 2?
3. Using year 1 as the base year, compute Abby’s real spending on apples in each year. How does it change from year 1 to year 2?
Answer:
Explanation:
1. Nominal spending is the total value of output produced or consumed each year.
Year 1 Abby buys 10 ×$1 = $10
Year 2 Abby buys 10 ×$1= $10
⇒ nominal spending= $10
2. Base year - year 1
Consumer price index is a measure of the average change over time in the prices paid by consumers for a market basket of consumer goods and services.
CPI= (prices of the most recent market basket in the particular year/ prices estimate of market basket in base year )x100
However, for multiple products we have to consider the weights of an item.
So, the formula will be:
CPI2= [(P2Red xQ1Red)+ (P2green x Q1green)]/[(P1Red xQ1Red)+ (P1grn x Q1grn)]
CPI2=[ (2 x 10) + (1x0)]/ [(1x10)+(2x0)]
CPI2=20/10=2
Meaning that prices have incresed × 2
3. Real spending is the amount spent in the current year but caliculted at the base year price.
Base year prices:
Red $1
Green $2
Real spending in year 1: (P1red*Q1red) + (P1green*Q1green)
=$1x10 + 0 = $10
Real spending in year 2= (P1redQ2red) + (P1greenQ2green)
= (1x 0) +(2 x 10) = $20
Real spending has increased from $10 to $20
The endpoints (horizontal and vertical intercepts) of the budget line: A) measure the rate at which a consumer is willing to trade one good for another. B) represent the quantity of each good that could be purchased if all of the budget were allocated to that good. C) measure its slope. D) measure the rate at which one good can be substituted for another. E) indicate the highest level of satisfaction the consumer can achieve.
Answer:
The correct answer is letter "B": represent the quantity of each good that could be purchased if all of the budget were allocated to that good.
Explanation:
The budget line portraits in a graphic the combinations of two products consumers can pay for with their income at a specific level of price. According to this approach, consumers will give up on one product to acquire more of the other good. In the graphic, the endpoint of the vertical and horizontal axis represents the maximum quantity of the good that can be acquired by the consumers if all their income goes towards it.
Coyne Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $30,000 to purchase equipment. The equipment will have a residual value at the end of its life of $2,000. The useful life of the equipment is 4 years. The new project is expected to generate additional net cash inflows of S24 000 per year for each of the four years. o nes required rate of return is 14% The net present value of this project is closest to: EEB (Click the icon to view the present value of $1 table.) EEB (Click the icon to view the present value of annuity of $1 table.) A. $41,120. B. $39,936 C. $53,360. D. $20,450
Answer:
A. $41,120.
Explanation:
Year Description Cash flow Present value@14%
0 Equipment cost ($30,000) ($30,000)
1-4 Additional CF $24,000 $69,929.10
4 Residual value $2,000 $1,184.16
Present value total $41,113.26
Based on the above calculation, the answer shall be A. $41,120.
Listed below are costs found in various organizations.
1. Direct labor
2. Executive salaries
3. Factory rent
4. Property taxes, factory.
5. Boxes used for packaging detergent produced by the company
6. Salespersons' commissions
7. Supervisor's salary, factory
8. Depreciation, executive autos.
9. Wages of workers assembling computers
10. Insurance, finished goods warehouses
11. Lubricants for production equipment.
12. Advertising costs
13. Microchips used in producing calculators.
14 Shipping costs on merchandise sold
15. Magazine subscriptions, factory lunchroom
16. Thread in a garment factory
17 Executive life insurance
18. Ink used in textbook production
19. Fringe benefits, materials handling workers
20. Yarn used in sweater production
21. Wages of receptionist, executive offices
Required:
For each cost item, indicate whether it would be variable or fixed with respect to the number of units produced and sold; and then whether it would be a selling cost, an administrative cost, or a manufacturing cost. If it is a manufacturing cost, indicate whether it is a direct cost or an indirect cost with respect to units of product.
Variable costs change in direct extent to the degree of creation or deals, while fixed costs stay consistent paying little mind to yield.
Variable costs:
Direct workBoxes utilized for bundling cleanserSalespersons' bonusesWages of laborers gathering PCsOintments for creation gearComputer chips utilized in delivering number crunchersTransporting costs on stock soldString in a piece of clothing plantYarn utilized in sweater creationFixed costs:
2. Chief pay rates
Processing plant leaseLocal charges, processing plantBoss' compensation, production lineDeterioration, leader automobilesProtection, completed products stockroomsPromoting costsMagazine memberships, processing plant loungeChief disaster protectionInk utilized in reading material creationIncidental advantages, materials taking care of laborersWages of secretary, chief workplacesSelling Expenses:
6. Salespersons' bonuses
Transporting costs on stock soldPromoting costsRegulatory Expenses:
2. Chief pay rates
Deterioration, leader carsMagazine memberships, manufacturing plant loungeChief disaster protectionWages of assistant, leader workplacesProducing Expenses:
Direct work (Direct)Manufacturing plant lease (Indirect)Local charges, production line (Indirect)Manager's compensation, manufacturing plant (Indirect)Wages of laborers gathering PCs (Direct)Ointments for creation hardware (Indirect)Computer chips utilized in delivering mini-computers (Indirect)String in a piece of clothing production line (Indirect)Ink utilized in course book creation (Indirect)Incidental advantages, materials dealing with laborers (Indirect)Yarn utilized in sweater creation (Indirect)Learn more about Variable costs, from:
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Costs incurred by businesses can be classified into fixed or variable costs, and further broken down into manufacturing, selling, or administrative costs, each with specific direct or indirect associations with the production of goods or services.
Explanation:Businesses incur various types of costs, which can be classified into fixed costs and variable costs. Fixed costs are expenses that do not change with the level of production, such as rent or equipment, while variable costs fluctuate with production levels, like direct materials or commissions. Additionally, costs can be categorized as manufacturing costs (either direct or indirect), selling costs, or administrative costs.
Direct labor: Variable, Manufacturing Cost, DirectExecutive salaries: Fixed, Administrative CostFactory rent: Fixed, Manufacturing Cost, IndirectProperty taxes, factory: Fixed, Manufacturing Cost, IndirectBoxes used for packaging detergent: Variable, Manufacturing Cost, IndirectSalespersons' commissions: Variable, Selling CostSupervisor's salary, factory: Fixed, Manufacturing Cost, IndirectDepreciation, executive autos: Fixed, Administrative CostWages of workers assembling computers: Variable, Manufacturing Cost, DirectInsurance, finished goods warehouses: Fixed, Manufacturing Cost, IndirectLubricants for production equipment: Variable, Manufacturing Cost, IndirectAdvertising costs: Fixed, Selling CostMicrochips used in producing calculators: Variable, Manufacturing Cost, DirectShipping costs on merchandise sold: Variable, Selling CostMagazine subscriptions, factory lunchroom: Fixed, Manufacturing Cost, IndirectThread in a garment factory: Variable, Manufacturing Cost, DirectExecutive life insurance: Fixed, Administrative CostInk used in textbook production: Variable, Manufacturing Cost, DirectFringe benefits, materials handling workers: Variable, Manufacturing Cost, IndirectYarn used in sweater production: Variable, Manufacturing Cost, DirectWages of receptionist, executive offices: Fixed, Administrative CostThe ________ is used to study the course of a product's sales and profits for the duration that it is produced and sold in the market.
Answer:
The correct word for the blank space is: product life cycle.
Explanation:
The product life cycle is the period of time during which a product is conceived and developed, brought to market and late removed from the market. The cycle includes four (4) stages: research and introduction, promotion and growth, maturity, and decline.
If all firms in a competitive industry are legally required to meet new regulations that increase their costs of production, what happens to the good's:
a. demand
b. supply
Answer:
If all firms in a competitive industry are legally required to meet new regulations that increase their costs of production, the supply of goods would decrease.
Explanation:
In order to comply with the new regulations in place and still keep the business profitable, the businesses would choose to decrease production in order to keep the initial cost of production in control (or in the range that it was in before the introduction of new regulations). The firms would take steps in order to avoid market fluctuation and the step of decreasing the production of goods to keep the price stable would be one of those steps.Final answer:
New regulations that increase firms' production costs in a competitive industry cause the supply curve to shift left, indicating a lower quantity supplied at any given price, while demand initially remains unchanged. Higher production costs may result in higher prices for consumers, potentially affecting demand over time.
Explanation:
When a competitive industry is required to comply with new regulations that increase their production costs, it impacts the supply of the good in the market. The cost increase typically causes a shift in the supply curve to the left, indicating that the quantity supplied at any given price will be lower. This is due to the higher cost of production making it less profitable or more expensive to produce the same amount of goods. Meanwhile, the demand for the good remains unchanged because the change in regulations affects the production side of the market, not the preferences or purchasing power of consumers.
As a result of this leftward shift in supply, we can expect the market price of the good to increase if demand remains constant. Producers may try to pass on the additional costs to consumers in the form of higher prices. Over time, if the increased prices lead to a decrease in quantity demanded, the demand curve may shift to the left, reflecting a lower quantity of goods demanded at each price.
12. If your disposable income falls from $55,000 to $50,000 and your consumption falls from $40,000 to $38,000, your marginal propensity to save is:
Answer:
Marginal Propensity to save=0.6
Explanation:
In order to calculate Marginal Propensity of save, we have to find the marginal Propensity to consume.
Marginal Propensity to consume=Consumption Change/Income change
Marginal Propensity to consume=[tex]\frac{\Delta\ Consumption}{\Delta\ income}[/tex]
Change in Consumption=$40,000-$38,000
Change in Consumption=$2000
Change in income=$55,000-$50,000
Change in income=$5,000
Marginal Propensity to consume=[tex]\frac{2000}{5000}[/tex]
Marginal Propensity to consume= 0.4
Now,
Marginal Propensity to consume + Marginal Propensity to save=1
0.4 + Marginal Propensity of save=1
Marginal Propensity of save=1-0.4
Marginal Propensity to save=0.6
Answer:
I believe you MPS is now 0.6
Explanation:
Lean practices Include those which are designed to ellminate waste while still satistying the customer. Examples of lean practices include all of the following: Check all that apply. A. continuous improvement B. service focusC. just-in-time manufacturing tD. raditional manufacturing E. total quality management
Answer:
The correct answer is letter "A", "C", and "E": continuous improvement; just-in-time manufacturing; total quality management
Explanation:
Lean practices involve several activities companies can engage to reduce inefficiency at work. Organizations achieved this by eliminating wasteful practices among employees to improve the output quality and keep consumers preference, thus making a profit. That improvement must be continuous and imply managers will seek constantly perfection.
For instance, manufacturing companies can eliminate waste by keeping tight deadlines and delivering their products just in the time the suppliers or final consumers expect.
Really Fast Delivery Services has the collected the following information about operating expenditures for its delivery truck fleet for the past five years: YEAR Miles Operating Costs
YEAR Miles Operating Costs
2013 55000 195000
2014 70000 210000
2015 50000 180000
2016 65000 205000
2017 85000 225150
What is the best estimate of total operating expenses for 2018 using the high-low method based on total expected miles of 60,000?
A. $192,900
B. $195,000
C. $196,000
D. $201,000
Answer:
A. $192,900
Explanation:
In order to compute the total operating expenses for 2018, first, we have to calculate the variable cost per miles and the fixed cost which is shown below:
Variable cost per miles = (High Operating cost - low operating cost) ÷ (High miles - low miles)
= ($225,150 - $180,000) ÷ (85,000 miles - 50,000 miles)
= $45,150 ÷ 35,000 miles
= $1.29 per miles
Now the fixed cost equal to
= High operating cost - (High miles × Variable cost per miles)
= $225,150 - (85,000 miles × $1.29)
= $225,150 - $109,650
= $115,500
Now the estimated operating expenses would be
= Fixed cost + expected miles × variable cost per miles
= $115,500 + 60,000 × 1.29
= $115,500 + $77,400
= $192,900
Estimated OC for Really Fast Delivery Services is $192,900
Variable cost as per miles = (High OC - Low OC) / (High miles - Low miles)
Variable cost as per miles = [225,150 - 180,000] / [85,000 - 50,000]
Variable cost as per miles = 45,150 / 35,000
Variable cost as per miles = $1.29 per miles
Fixed cost = High OC - (High miles × VC per miles)
Fixed cost = $225,150 - (85,000 × $1.29)
Fixed cost = $115,500
Estimated OC = Fixed cost + [Expected miles × VC per miles]
Estimated OC = $115,500 + [60,000 × 1.29]
Estimated OC = $115,500 + $77,400
Estimated OC = $192,900
So, Option "A" is the correct answer to the following question.
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At an annual growth rate of 3.5%, approximately how long does it take for real GDP per capita to increase from $30,000 to $60,000 in a country?
a. 5 years
b. 10 years
c. 15 years
d. 20 years
Answer:
d. 20 years
Explanation:
Rule 72 can be used calculate number of years that will be required to double GDP.
Number of Years = 72/ 3.5
= 22.5
on the given choices, the closest number of years is 20 years.
During the month of April, direct labor cost totaled $13,055 and direct labor cost was 35% of prime cost. If total manufacturing costs during April were $79,700, the manufacturing overhead was:
Answer:
$42,400
Explanation:
Given that,
Direct labor cost = $13,055
Direct labor cost was 35% of prime cost
Total manufacturing costs during April = $79,700
Prime cost = Total direct labor cost ÷ 35%
= $13,055 ÷ 35%
= $37,300
Manufacturing overhead:
= total manufacturing costs - Prime cost
= $79,700 - $37,300
= $42,400
Therefore, the manufacturing overhead was $42,400.
The manufacturing overhead for the month of April is calculated to be $42,400 by subtracting the prime cost from the total manufacturing costs.
Explanation:The question asks us to calculate the manufacturing overhead. Direct labor cost of $13,055 accounts for 35% of the prime cost. So, we first calculate the total prime cost by dividing the direct labor cost by 35% which results in $37,300. The total manufacturing costs are given as $79,700. The manufacturing overhead is calculated by subtracting the prime cost from the total manufacturing cost. So, the manufacturing overhead is $79,700 - $37,300 which equates to $42,400.
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A stover-to-ethanol plant produces 40,000 tonne/ year of ethanol and contains 8 functional units: feedstock handling, pretreatment, simultaneous saccharification/fermentation distillation, solid/ sirup separation, wastewater treatment, boilers, and turbogeneration/utilities (McAloon et al., 2000). Estimate the FCI of the plant using the empirical correlation based on the work of Bridgwater and Mumford (1979).
Answer:
$88 Million
Explanation:
Data provided in the question:
Amount of ethanol produced by stover-to-ethanol plant, F = 40,000 tonne/ year
Number of functional units, N = 8
Now,
For F < 60,000 tonne/ year
The FCI of the plant is given as
FCI = 458,000 × N × [tex]\text F^{0.3}[/tex]
On substituting the respective values, we get
FCI = 458,000 × 8 × [tex]\text 40,000^{0.3}[/tex]
or
FCI = 3,664,000 × 24.0225
or
FCI = $88018398.52 = $88 Million
An asset has an average historical rate of return of 10.1 percent and a variance of 0.0116751. What is the upper percentage range of returns would you expect to see approximately two-thirds of the time?
Answer:
20.91%
Explanation:
Provided information
Average historical rate of return = 10.1 %
Variance = 0.0116751
By considering the above information, the standard deviation would be
= Square root of Variance
= 10.81%
So the upper percentage range of return would be
= Standard deviation + standard deviation
= 10.81% + 10.1%
= 20.91%
Since we have to find out the upper percentage so we added it otherwise we have to deduct it
A diesel-powered tractor with a cost of $208,140 and an estimated residual value of $2,700 is expected to have a useful operating life of 48,000 hours. During April, the tractor was operated 300 hours.
Determine the depreciation for the month.
Answer:
$1,284
Explanation:
The computation of the depreciation expense is shown below
= (Cost of diesel-powered tractor - estimated residual value) ÷ (useful operating life)
= ($208,140 - $2,700) ÷ ($48,000 hours)
= ($205,440) ÷ ($48,000 hours)
= $4.28 per hour
Now for the month, it would be
= Operated hours in a month × depreciation per hour
= 300 hours × $4.28
= $1,284
A company reports total assets of $910,000 and stockholders' equity of $530,000. Calculate the debt ratio.
Which of the following goals use action verbs and have a much greater chance of being understood and accomplished?
a. Vague goals
b. Specific goals
c. Generalized goals
d. Measurable goals
Answer:
The correct answer is letter "B": Specific goals.
Explanation:
The SMART criteria is a set of practices that aims to help organizations to come up with clear objectives. SMART stands for Specific, Measurable, Achievable, Relevant, and Time-Constrained. Specific goals are those using action verbs specifying what, why, who, where, and which questions.
Bruce, a buyer, contracted with Steve, a seller, to buy ten dozen bicycle tires for $960. Payment was due thirty days after delivery. When the tires arrived they were found to be non-conforming to the contract, and Bruce rejected the shipment after inspection. Bruce still has the tires and is required to:________a. Sell the tires to someone else to recover the damage caused by the non-conformity.b. Hold the tires with reasonable care for disposition as the seller instructs.c. Accept the tires and sue for damages for the non-conformity.d. Send the tires back to the seller.e.return the tires to the carrier that brought them.
Answer:
b. Hold the tires with reasonable care for disposition as the seller instructs.
Explanation:
When goods are non-conforming to contract, the buyer has the right to reject the goods. The seller also has the right to cure the defect or ensure conformity.
1. Buyer's right to reject: In this case the buyer has the right to reject the goods on inspection, and notify the seller within a reasonable amount of time.
2. Seller's right to cure: The seller has the right to cure defect on the goods, and this can be done where there is still time to rectify the defects noticed by the buyer. In this case, the buyer is not due to pay for the goods for the next 30 days.
The seller still has the opportunity to meet the contract standard and close the deal.
So option b is correct. The buyer holds the goods pending decision of seller to either cure defects on goods or retrieve the goods.
Record the entry for cash dividend received of $200,000 from the Ferry Intercommunications common shares.
Answer:
Dr Cash Account and Cr Income statement (i.e investment income)
Explanation:
This represents returns received on shareholding with Ferry Intercommunications.
This will credited as other income in the income statement and it will also increase the company's cash balance since it is a cash inflow.
The Application Development Security domain focuses on _____. Group of answer choices sound and secure application development techniques who may access a system single sign-on technologies and their risks specific attacks and countermeasures
Answer:
The Application Development Security domain focuses on security vulnerabilities hiding in an application and at different times in the software life cycle.
Blythe, an accountant for Credits & Debits, acquires a negotiable instrument from Eton by promising to pay its face value in thirty days. Blythe acquires the status of an HDC when she
a. acquires possession of the negotiable instrument.
b. agrees with Eton to buy the negotiable instrument.
c. pays the face value due on the instrument.
d. transfers the instrument to another party.
Answer:
c. pays the face value due on the instrument.
Explanation:
Holder In Due Course (HDC) is a legal term that describes a person given a negotiable instrument e.g. check, for an exchange of service without any doubt in it's legitimacy.
Blythe acquires the status of an HDC when she pays the face value due on the instrument.
Actions, attire, grammar usage, and proofreading all affect the ________ of an employee.
Answer:
The most appropriate answer is professionalism.
Explanation:
The professionalism of an employee can be seen by the action he does in working, attire he wears at work, grammar usage in emails and letters written by him and many more other things.
A person who takes care of the action, attire, grammar usage, proofreading seems to be more professional as compared to the person who doesn't care about these things.
Hence the most appropriate answer is professionalism.
For a single-server queuing system, the average number of customers in the waiting line is one less than the average number in the system. Group of answer choices True False
Answer:
False
Explanation:
This is not the case in case of single-server queuing system
Final answer:
The statement about the average number of customers in the queue being one less than the average number in the system is true for a single-server queuing system.
Explanation:
The statement that the average number of customers in the waiting line is one less than the average number in the system is True. In a single-server queuing system, we typically define two quantities: the average number of customers in the system (L) and the average number of customers in the queue (Lq).
The relationship between these two is given by L = Lq + 1, assuming the server is busy and there is always one customer being served. Customers arriving at the back of the line contribute to Lq, and as they move to the front of the line and receive service, they contribute to L without affecting Lq.
If on average, one customer arrives every two minutes, it does take indeed six minutes on average for three customers to arrive. This can be derived using the theory of queuing systems, which focuses on the analysis of the arrival process and the service mechanism.
The model used here assumes that arrivals are spaced out evenly over time (one every two minutes), a simplification which could be challenged by real-life variances such as peak times or group arrivals.
By comparing opportunity costs and gains from trade for two parties each making the same two goods, one can determine the exact exchange ratio at which the parties should agree to trade.A. TrueB. False
Answer:
False
Explanation:
Opportunity cost is entirely a different process which helps to determine the cost someone is willing to bear. By comparing opportunity cost gains from the trade it is not possible to get the exact exchange ratio because opportunity cost just measures the range of options someone can take. Those options can lead to benefit for both the parties.
According to IFRS, all of the following pieces of information about property, plant, and equipment must be disclosed in a company’s financial statements and footnotes except for:
a. useful lives.
b. acquisition dates.
c. amount of disposals
Answer:
b. acquisition dates.
Explanation:
Property plant and equipment are non-current assets whose economic benefit is spread beyond several years.
The disclosure requirements in accordance with IAS 16 Property Plant and Equipment are:
1. Depreciation method used.
2.The depreciation rate used which may also be the useful life.
3. Gross carrying amount including opening and closing depreciation.
4. The underlying assumptions in computing the gross carrying amount
5. Reconciliation of opening carrying amount with the closing carrying amount for the period.
Answer:
B. Acquisition Date
Explanation:
The International Financial Reporting Standards (IFRS) specifically IAS 16 speaks to the recognition, carrying amount, impairment losses recognition, depreciation and disclosure information on property, plant and equipment. Actually property, plant and equipment could also be known as fixed assets.
IFRS specifies that the useful lives of the Property, plant and equipment be disclosed since this is important in determining depreciation as well as carrying amount among others.
IFRS also specifies that the amounts of disposals be disclosed to better understand closing or salvage value of the asset.
However, IFRS does not specify the disclosure of the acquisition dates in the financial statements or the footnotes of the Company for Property, plant and equipment.
Financial markets are generally recognized as being semi-strong form efficient, which means
Answer:
The correct answer is letter "B": all publicly available information is reflected in current prices.
Explanation:
Within the Efficiency Market Hypothesis (EMH) the semi-strong market efficiency implies current stock prices reflect the public information made available in financial markets. According to this approach, the fluctuations in the stock price are the result of that information published and technical and fundamental analysis are useless in "predicting" stock price movements.
Last year Marla purchased 100 shares of stock for $8 per share. She paid a flat $75 to purchase the shares. Since making her purchase, she has received $200 in dividends. Marla is concerned that the stock price will fall below its current FMV of $7. Calculate her holdingperiod return if she sells today and pays a $75 commission.
Answer:
For Marla,
Number of shares purchased is 100 @ $8 per share
Initial Position = 100 * 8 = $800
Dividends Received = $200
Brokerage Paid = 75 + 75 = $150
Current Value of Stock = $7
Current Position for 100 shares @ $7 per share
Current Position = $700
Holding Period Return = Profit/Initial Investment
Holding Period Return = ((700 - 800) - 150 + 200)/800
Holding Period Return = -6.25%
Explain the differences between a change in quantity demanded of ice cream and a change in the demand of ice cream.
Answer:
A change in quantity demanded is as a result of a change in price. It leads only to movement along the demand curve. If price increases, quantity demanded falls and if price falls, quantity demanded rises.
A change in demand for icecream in caused by other factors other than the price of Ice cream. Some of these factors include:
1. Taste
2. Weather
3. Change in price of substitutes
4. Expectations
A change in demand leads to the demand curve either shifting to the left or to the right.
Explanation:
If it is true that whenever a manager encounters a particular situation (such as motivating employees to work harder), and a single approach exists (such as raising pay) that will lead to the desired outcome, which perspective on organizational behavior is being supported?
a. The universal perspective
b. The human relations perspective
c. The situational perspective
d. The interactionalism perspective
Answer:
b. The human relations perspective
Explanation:
The human relations perspective, identifies the manager as one who is supportive to subordinate, such that he or she motivates employees' to work harder. The human relations perspective do not believe in managers oppressing subordinates.
If demand shifts right and supply left, then we know equilibrium quantity decreased but we do not know the change in equilibrium price.a. Trueb. False
Answer:
False.
Explanation:
When there is a rightward shift in the demand curve and leftward shift in the supply curve then as a result the equilibrium price of the good increases and the effect on equilibrium quantity is indeterminate because it depends upon the magnitude of the shifts of demand and supply curve.
Hence, the statement is not true.