Answer:
D) investment
Explanation:
Marie has decided to end her relation with her husband and considering how she can divide the household goods, how the end of the relationship impacts her children. By considering all this point, Marie is thinking about the investment.
Interdependence theory state that interpersonal relationships depend upon interdependence. it determine the how people interact each other and what will be the outcomes of their interaction.
The managers of a car dealership have decided to utilize the Hawthorne effect to increase productivity, which means using cameras to film employees at work in order to isolate the parts of a job.
a) true
b) false
Answer:
False
Explanation:
The change in the behaviour of participants when they are aware that they are being observed is called Hawthorne effect. It can be defined as increase in output in response to being watched.
The term emerged with Hawthorne studies that tested the impact of various working condition variables on the productivity of the employees. Although experts do not believe that there was any Hawthorne effect in Hawthorne studies.
Hawthornian studies began around 1924 at the western Electric plant in Illinois, Chicago.
Zimway Inc is a small-scale manufacturer of linen. Couture Corp, a big apparel brand, purchases linen from Zimway in large quantities. Zimway, otherwise, has very few clients, and most of them purchase linen occasionally and in minimal quantities. Therefore, business ties with Couture is crucial for Zimway's survival and success. In the context of the specific environment, which of the following concepts is illustrated in the scenario?
A) Buyer dependence
B) Supplier dependence
C) Regulator dependence
D) Internal dependence
Answer:
The correct answer is letter "A": Buyer dependence.
Explanation:
Buyer dependence refers to the tied relationship between a buyer and the retailer or a retailer and the manufacturer. Without the purchase of the buyer or the retailer -according to what applies, the manufacturer could not continue operations since there would not be sales, meaning the company will have to stop the business due to the lack of profit.
A girl is given $15 by her parents. She has two options of how to spend the money. She can either save the money for future purchases or she can start a lemonade stand on her driveway. If she spends her $15 on the lemonade stand, there is a 50% probability she will lose $10 and a 50% probability she will make $12. Assuming the girl has a square root utility function, what should the girl do with the money?
a. Start her lemonade stand.
b. Save her money.
c. The outcome is the same for both choices.
Answer:
B) Save her money.
Explanation:
The girl's utility of saving her money = √$15 = $3.87
If the girl starts her lemonade business, the expected utility of her investment = (50% x √$5) + (50% x √$27) = (50% x $2.236) + (50% x $5.196) = $1.118 + $2.598 = 3.72
Since the utility of saving her money ($3.87) is > than the utility obtained by the investment ($3.72), the girl should save her money.
Max Weber argued that the ascetic principles embedded in _____ do not encourage entrepreneurial activity in pursuit of wealth creation because it is perceived that such activities make the attainment of nirvana more difficult.
A. Islam
B. Hinduism
C. Confucianism
D. Protestantism
E. Capitalism
Answer:
B. Hinduism
Explanation:
Max Weber is known for his concept of bureaucracy as an organization structure.
Weber observed, the principles of Hinduism preach selflessness and greater self denial as means to attain enlightenment or nirvana. By abiding to such principles, entrepreneurial activities cannot be a possibility.
The simple reason being, entrepreneurial activities are focused at wealth creation and profit making. And ideally, one's profit is offset by another's loss. So when one earns a profit, it always comes at the cost of someone's loss.
So such activities as per Hinduism cannot lead to attainment of nirvana and thus would be discouraged.
Today there are approximately _____ African Americans serving as mayors, and ____ serving as members of Congress. Select one: a. 40%, 20 b. 50%, 4% c. 500, 40 d. 250, 20 e. 25%, 2%
Answer:
500, 40
Explanation:
Congress and mayors are an important part of any government as the decision they make can impact the general public. According to the latest data regarding the nationalities of mayor and congress; 500 African Americans are serving as mayors and 40% are serving as members of congress. African Americans are improving their participation in the congress, and are being elected by the general public based on their performance.
Approximately 25% of Congress consists of African Americans.
Explanation:The correct answer is e. 25%, 2%.
According to the information provided, in recent decades, Congress has become more descriptively representative of the United States.
However, Congress still falls short in terms of racial and ethnic diversity. While African Americans make up approximately 13.4% of the U.S. population, they are underrepresented in Congress, with only 25 African American members in the 117th Congress, including delegates and people who would soon resign to serve in the executive branch. Therefore, approximately 25% of Congress consists of African Americans.
As for the percentage of African Americans serving as mayors, there is no specific information provided in the given references. To accurately answer this part of the question, additional research would be required.
Jennifer is updating the database for her company. She wants to delete customer records that have not made a purchase from more than 5 years ago but when she tries the database tells her that she can't because she must first delete the customer sales transactions records first. What is this referred to? Group of answer choices
Systems integrity
Referential integrity
Database reliability
Safety system constraints
Referential integrity
Explanation:
Referential integrity is when in a particular database an amount of data is given the same referential value as all other amounts of data. The value of all references are pitted to be equal in this mode.
Here even though Jennifer wants to delete the database for inactive clients she first would have to go through the database of the consumer sale records which might have important information,
Thus here it is a systemic flaw.
Jennifer is updating the database for her company. She wants to delete customer records that have not made a purchase from more than 5 years ago but when she tries the database tells her that she can't because she must first delete the customer sales transactions records first. This referred as Referential integrity. Referential integrity is when in a particular database an amount of data is given the same referential value as all other amounts of data.
What is a database?A database is information that is set up for easy access, management and updating. Computer databases typically store aggregations of data records or files that contain information, such as sales transactions, customer data, financials and product information.
Databases are used for storing, maintaining and accessing any sort of data. They collect information on people, places or things. That information is gathered in one place so that it can be observed and analyzed. Databases can be thought of as an organized collection of information.
Learn more about the Database here:
https://brainly.com/question/29774533
#SPJ3
Cheizza, a pizza vendor in the country of Wisbane, believes that the taste of fresh cheese in its pizzas is its unique selling point. However, recently there has been a rise in the number of pizza vendors in Wisbane who have also started using fresh cheese to prepare their pizzas. This has led to a drastic increase in the demand for cheese. However, the amount of milk produced in the country is insufficient to meet the increased demand for cheese. In the context of changing environments, which of the following does this scenario best illustrate?
A. Resource scarcity.
B. Punctuated equilibrium.
C. Discontinuous change.
D. Buyer dependence.
Answer:
The correct answer is letter "A": Resource scarcity.
Explanation:
Resource scarcity is the basic economic problem by which individuals have unlimited wants and needs but rely on limited sources to fulfill them. Because of this situation, individuals have to trade-off the satisfaction of part of some needs so others can be satisfied as well.
In the example, the scarce resource is the milk that is useful to produce cheese for the pizzas sold in Wisbane.
One reason why a blanket obligation for all employees to obey their employers no matter what is unreasonable is that the choice of obeying someone's command or jeopardizing one's job is fundamentally coercive, and, thus, the consent involved is not fully free.True / False.
Answer:TRUE
Explanation:COERCIVE FORCE is a force applied to a person or a group of persons in order to make them carry out an involuntary action or actions. It is used by employers of labor in order to mandate their employees to carry out certain activities. All Employees are required by their employers to obey the rules and regulations guiding the establishment even when it is not based on the interest of the employees.
When customers start getting sick after eating at a popular new restaurant, the management is worried. The Centers for Disease Control (CDC) schedule an appointment to visit the restaurant’s kitchen to determine whether the personnel or the equipment is transmitting a virus to the public. The restaurant’s management convenes a meeting to decide how to investigate the problem themselves. They need to make some choices quickly.
Which strategy would be most effective in this situation?
a)A majority decision
b)A consensus
c)Averaging
A majority decision strategy would be most effective in this situation.
Explanation:
The concept of majority is a system of judgement which chooses alternatives that have a majority, which means more than half the votes.
It is the conditional decision concept used in leading policy-making bodies most often.
The majority oppression (or collective tyranny) is a flaw that is undoubtedly implicit in majority government, in which the majority of voters seek their own interests at the expense of those within the minority exclusively.
So in this scenario , the restaurant management should take everyone's decision and the majority should be executed.This is the best choice to take quickly.
The most effective strategy for the restaurant management would be a consensus approach, indicating that every member agrees on the chosen course of action. The management should review food handling processes, hygiene standards, and equipment condition as part of their investigation.
Explanation:In this situation, the most effective strategy would be b) A consensus. This approach indicates that all members of the management team agree on the course of action. In a crisis situation like this, unified action contributes to smoother implementation and decisions that are more likely to consider all the variables of the situation.
The management could start by reviewing food handling and preparation processes, check the hygiene standards employed by the personnel, and assess the state of the equipment to pinpoint potential problem areas. They could also implement a quality control protocol to ensure a fresh and safe food supply.
Learn more about Decision Making here:https://brainly.com/question/31651118
#SPJ3
Short-term, intermediate-term, and long-term goals are similar in that all represent important financial objectives to be accomplished in the future. They differ in time horizon.
1 A short-term An intermediate-term A long-term goal can be accomplished within a 1-year period.
2. A short-term An intermediate-term A long-term goal may take from 1 year to 10 years to accomplish.
3. A short-term An intermediate-term A long-term goal is one for which it takes more than 10 years to accumulate the money
Answer:
Though its not explicity mentioned in the question, I am assuming you want to know the correct option. The correct option in this case is option 2.
Explanation:
As stated in the question, the difference in classifying goals as either long term, short term or intermediate depends on the time frame involved.
Short term goals can be achieved in a few months generally and are set to define goals with the time horizon of a maximum of 1 year.
A long term goal, as the term suggests, is one that takes a significant amount of time. Generally, long term goals are set using a time frame of 10 years.
Given that long term goals cover a longer time period while a short term goal covers a span of 1 year, individuals many times set intermediate goals to keep them motivated. Intermediate goals therefore generally cover a time frame of 2 to 5 years.
Therefore, in the context of the question, these three types of goals can take from 1 to 10 years to accomplish
Trail Corporation has gross profits on sales of $140,000 and deductible expenses of $180,000. In addition, Trail has a net capital gain of $60,000. Trail's taxable income is Group of answer choices1. $20,000.00 2. $20,000.00 Loss3. $40,000.00 Loss 4. $60,000.00
Answer:
1. $20,000
Explanation:
Given: Gross Profits on sale $140,000
Deductible Expenses $180,000
Net Capital Gain: $60,000
An individual's taxable income is arrived at, by including all incomes and gains and deducting those losses and expenses which are allowed to be claimed or qualify for deduction.
Taxable Income = Gross Profit + Capital Gain - Deductible expenses
Taxable Income = $140,000 + $60,000 - $180,000
Taxable Income = $20,000
Which of the following is an example of a routine message? A. Lucas informs Ray that he is being transferred to another division within the company. B. Latisha is requesting a letter of recommendation from Joshua. C. The company is announcing a change in the employer-sponsored tuition reimbursement plan. D. The company is experiencing financial problems and is suspending employer contributions to the retirement plan. E. The company is announcing an impending merger.
Answer:
The company is announcing an impending merger
The Irwin's made an offer to purchase the Grey's property. As part of the offer, the Irwin's agreed to take title "subject to" an existing VA loan which the Greys obtained when they purchased the property in the approximate amount of $39,000. If the Greys sell to the Irwins under these conditions, which of the following is true concerning liability for a loss suffered by the government after a foreclosure on the VA loan: (a)The Irwins will be primarily liable. (b)The Greys and Irwins will be equally liable. (c)The Greys will be primarily liable. (d)Neither couple is liable because the Irwins took title "subject to" the existing loan.
Answer:
"C"
Explanation:
A prior approval is necessary for transfer of all liabilities in the situation of transfer of VA loan.Where the approval was not obtained and loan transferred under the condition of "subject to" the mortgage , the purchaser will not be responsible for the liabilities including the funding fees, except the retroactive approval of the approval is arranged , then the purchaser can take over the loan's liabilities.
Mova Auto Inc. is analyzing the purchasing power, inflation rate, per capita income, and level of disposable income in the country of Cadmia. Based on this analysis, the company will decide whether to market its products in Cadmia. Which of the following external forces in the marketing environment is the primary focus of Mova Auto Inc. in this scenario?a. Technological and innovative forcesb. Political forcesc. Competitive and economic forcesd. Regulatory forcese. Social forces
Answer:
Option C is correct because Mova Auto Inc is analyzing the competitive factors and economic factors to assess whether or not to enter this market. Mova is assessing the economic conditions to judge whether or not the manufacturing its products here will give any competitive advantage and that will Mova be able to control its costs in the long run. Is is also assessing that with what amount would its investment grow, its demand of the product grow and the customer segment which it must target will also depend on inflation, purchasing power and disposable income.
Blue Apron delivers to your front door all the ingredients and instructions for preparing full meals for two or four people for several occasions weekly. Delivery to your home would constitute which element of the marketing mix for Blue Apron?
place
Answer:
Place
Explanation:
Place is is the part of marketing mix that determines how a product is delivered to the customer.
The strategy adopted by Blue Apron gives convinience to the customer as goods are delivered to their door step. Making Blue Apron have a competitive edge above those that do not perform this personalised service.
Upon examination of his mortgage document, Jared finds a clause stating he will owe additional interest if he pays off his loan within one year of the loan origination date. What type of penalty does this describe?
Answer:
Prepayment penalty
Explanation:
A prepayment penalty is charged when a borrower significantly writes down or offset his loan earlier than as planned in the loan agreement , especially within the first five year of taking the loan. Some lenders restrict repayment to a certain value before you can be fined.It serves as a form of security on the lenders interest income.
It is calculated on the outstanding loan balance which mean the longer you owe , the less your penalty and vice versa.
On the side of the borrower , accepting the clause in the loan agreement always come with a lower interest on loan
Jared's mortgage contains a prepayment penalty, a fee for paying off the loan within one year of origination, designed to compensate the lender for lost interest payments.
Explanation:The penalty Jared encounters in his mortgage document for paying off his loan within one year of the loan origination date is known as a prepayment penalty. This is a fee imposed by the lender to discourage borrowers from paying off their loan early, because the lender would lose out on expected interest payments if the loan’s life is shortened. Prepayment penalties depend on the lender and the terms of the mortgage; not all loans include these penalties. They are used to protect the lender's interest in the anticipated profits from the loan's interest charges. If Jared pays off his loan within the specified time frame, he would be required to pay additional interest as a penalty for doing so. Understanding the terms of your mortgage, including any potential prepayment penalties, is crucial when managing your personal finances and making decisions about paying off loans.
The water authority of the metropolitan city of Bongkasea put up a sign near all public water taps that read the following: "Turn me off after use because I may not be free of cost in 2050." Which of the following marketing strategies does this scenario best illustrate?A. People marketing
B. Place marketing
C. Event marketing
D. Idea marketing
Answer: (D) Idea marketing
Explanation:
The idea marketing is one of the type of marketing strategy in which the various types of marketing activities taking place for the purpose of attract the customer and visitors for developing the new business ideas.
The main objective of the idea marketing is that it helps in selling the various types of future possibility to the audience.
It basically helps in inventing the various types of chances in the future by developing the products and the services and efficiently deliver it to the users.
According to the given scenario, the above given example best illustrating about the idea marketing strategy. Therefore, Option (D) is correct answer.
The water authority of Bongkasea is using 'idea marketing' by promoting conservation and the sustainable use of water resources. They are suggesting a change in the public's behavior towards water waste
Explanation:The water authority's initiative seems to fall under the category of Idea Marketing. This type of marketing involves promoting a concept or an idea, rather than a product, service or organization. In this case, the authority isn’t directly marketing a product or service. Instead, it's promoting the idea of conservation and the sustainable use of water resources. They are trying to change the public's behavior towards waste and insinuate that there may be a cost associated with wasting water in the future. This is typical of Idea Marketing which often involves social or educational initiatives aimed at changing public behavior for the common good.
https://brainly.com/question/4340986
#SPJ12
In order to meet and exceed customer's expectations, firms must: a. answer the questions: who, what, when, where, how, and why as they apply to customers b. constantly manipulate customers' perceptions of their needs. c. successfully defend their established core competencies from imitation by competitors. d. continuously improve, innovate, and upgrade their core competencies.
Answer:
The correct answer is (D)
Explanation:
Customer satisfaction is the key to improve sales and gain maximum market share. Firms and organisations try different methods to diversify their products and exceed customer’s expectation. It is important that firms improve, innovate, and upgrade their products, operational and delivery system to exceed customer's satisfaction. As long as firms try to innovate the products they stay in the market and compete.
ofia files a suit against turista airlines, inc. turista responds that it appears from the pleadings that the parties do not dispute the facts and the only question is how the law applies to those facts. turista supports this response with witnesses’ sworn statements. this is - а counterclaim.- a motion for judgment on the pleadings.- a motion for summary judgment.- a motion to dismiss
Answer:
a motion for summary judgment
Explanation:
An motion for a summary judgement (often referred to as a "MSJ") is an application for the court to decide not because of facts. The side bringing the motion claims that either the case should not be put in front of a jury or a jury can only decide for just the moving faction.
A(n) ________ is an unincorporated business owned and run by one individual in which there is no distinction between the business and the owner.
Answer:
Sole Proprietorship
Explanation:
Sole Proprietorship is a business enterprise owned, regulated & managed by a singe entrepreneur.
In this case, firm & enterprise are not separate but unanimous entities. It is unincorporated means that it doesn't have a separate legal entity.
So, the entrepreneur's liability towards firm's claims is unlimited, i.e entrepreneur's personal assets can be used to settle firm's liabilities.
This business form has advantages : Easy establishment & registration compliances, full freedom & decision making power.
It also has disadvantages : Unlimited Liability & Low expansion scope.
Suppose a nation opened its borders to the free flow of workers from other nations. how would this event likely affect the long-run aggregate supply (lras) curve and the production possibilities curve of the nation?
a) the (lras) curve would shift to the right, and the production possibilities curve would not shift.
b) both curves would shift to the right.
c) neither curve would shift.
d) both curves would shift to the left.
e) the (lras) curve would shift to the left, and the production possibilities curve would shift to the right.
Answer:
B) both curves would shift to the right.
Explanation:
The long-run aggregate supply (LRAS) curve will shift to the right because the production costs will decrease, increasing total production output and lowering prices.
The production possibilities frontier (PPF) will also shift to the right because more production output increases total supply, and that increases the production possibilities of the country.
Your company has completed an audience analysis for the manual you are writing for users of a new accounting system. The manual will be given to the 750 employees in the company's accounting department. Some members of the audience are experienced accountants and others are not; some have MBA degrees and others have bachelor's or associate's degrees; some were recently hired and some are long-term employees; some are managers and some are bookkeepers. How might you best accommodate your audiences?
A. Include different sections for the different audiences.
B. Write the manual to the highest level of the audience.
C. Write the manual to the lowest level of the audience.
Answer:
A
Explanation:
For an accounting manual, if your audience has different background of education then you need to keep different section for different audience. The thing is, if you write it for highest level then bookkeepers will have difficulty in understanding it. If you write for lower level, then it will be useless for higher level of audience.
So the manual should include different section for different audience.
Answer:
A.Include different sections for the different audiences.
Explanation:
Your company has completed an audience analysis for the manual you are writing for users of a new accounting system. The manual will be given to the 750 employees in the company's accounting department. Some members of the audience are experienced accountants and others are not; some have MBA degrees and others have bachelor's or associate's degrees; some were recently hired and some are long-term employees; some are managers and some are bookkeepers. How might you best accommodate your audiences?
Due to the varying class of audiences:some have many years of experience, some middle, some are recently hired, some have some professional degrees(which means that there assessment of your manual will be from a professional standpoint). It is best to include different sections for different audiences while reassuring them that the manual has been compiled bearing their knowledge/experience level on the subject matter in mind.
Let them know that the manual will be of utmost benefit to them, there experience/background notwithstanding.
Option A will be the best
Assume that the three beachfront parcels are sold to the people that you indicated in the previous section. Suppose that a few days after the last of those beachfront parcels is sold, another essentially identical beachfront parcel becomes available for sale at a minimum price of $560,000. This fourth parcel__1__ be sold because __2__ will purchase it from the seller for at least the minimum price.1) A. WillB. Will not2) A. No oneB. Ravi ($690,000)C. Maria ($720,000)D. Simone ($680,000)
Answer:
The correct answer is; This fourth parcel will not be sold because all buyers will purchase it from the seller for at least the minimum price.
Explanation:
All buyers are willing to buy although all are willing to pay more than the minimum price. the seller might need to increase price
Final answer:
The fourth beachfront parcel will be sold to Maria for at least $720,000, since her maximum price exceeds the minimum price of $560,000, making her the most likely buyer.
Explanation:
Based on the principles of supply and demand and market equilibrium, the availability of an additional beachfront parcel at a minimum price will attract a buyer if someone is willing to pay that price or higher. Considering that the figures given for Ravi, Maria, and Simone indicate their maximum willingness to pay for a beachfront property far exceeds the minimum listed price of $560,000 (Ravi at $690,000, Maria at $720,000, and Simone at $680,000), it stands to reason that the beachfront parcel will indeed be sold. Maria, being the highest bidder with a willingness to pay $720,000, would be the one to purchase the parcel, assuming no external changes in their willingness to pay or market conditions.
The answer to fill in the blanks would therefore be:
Will
Maria ($720,000)
Which of the following is the correct computation of comprehensive income?a.Total Stockholders' Equity ± Accumulated Other Comprehensive Income = Comprehensive Income b.Net Income ± Other Comprehensive Income = Comprehensive Incomec.Retained Earnings ± Other Comprehensive Income = Comprehensive Incomed.None of these choices are correct.
Answer:
b.Net Income ± Other Comprehensive Income = Comprehensive Income
Explanation:
The formula to compute the correct computation of comprehensive income is shown below:
Comprehensive income = Net income ± other comprehensive income i.e unrealized income it can be gain or loss
where,
Net income is come by deducting the all expenses from all revenues earned during the year
It is a mix of net income and the other comprehensive income
A business administrator in a school is determining how classes will be scheduled, which rooms will be allocated, and who will teach each subject in the curriculum. Which of the following management functions is illustrated in this scenario?
Organizing
The management function of organizing is illustrated in this scenario. Organizing is deciding where decisions will be made, who will do what jobs and tasks, and who will work for whom in a company. See 1-2: Management Functions T/F
Answer:
The answer is True
Explanation:
Organizing is the process of developing an organizational structure, outlining of tasks to be done to meet the organization's goals, and the assignment of tasks to the individuals who best suit specific roles.
Importance of Organizing includes:
1. Efficient use of resources; because each employee is assigned roles they can best perform.
2. Efficient administration; because it harmonizes the various departments and creates the unification essential to meeting organizational goals.
3. Organizing creates efficient communication between different departments.
4. It creates organizational growth and expansion; because it ensures that no resource is wasted and that every member of an organization performs their assigned tasks.
In Albany, Georgia, the bars and restaurants built outdoor seating areas after the city passed laws banning indoor smoking to accommodate customers who smoked. To what dimension of the general environment were the bar and restaurant owners reacting?A) economic forces B) political-legal forces C) consumer forces D) sociocultural forces E) institutional forces
Answer:
B) political-legal forces
Explanation:
The restaurants are acting based on a new city law that bans indoor smoking.
Political and legal environmental forces are simply changes in existing laws or new laws that alter the market or business environment of a company. Usually when people refer to political forces, they mean macroeconomic factors like change in taxes, new trade policies, etc. And when they refer to legal forces it means more specific factors like changes in property laws, anti-discrimination laws, or no smoking laws.
The bar and restaurant owners in Albany, Georgia were reacting to the political-legal forces of the general environment.
Explanation:The bar and restaurant owners in Albany, Georgia were reacting to the political-legal forces of the general environment. The city passed laws banning indoor smoking, which forced the owners to accommodate customers who smoked by building outdoor seating areas. This response was necessary to comply with the new regulations and maintain their business.
Learn more about Political-legal forces here:https://brainly.com/question/31625706
#SPJ12
Eleana is recruiting candidates to fill vacancies for machine operators in her organization. After the interviews, she offered positions to four candidates. However, only two of them were finally hired. The __________ in the given scenario is 50 percent.
Answer:
Acceptance rate
Explanation:
Offer acceptance rate is the rate at which offers made to new recruits are accepted. Generally an acceptance rate of more than 90% shows there is a good match between new hire expectations and what the company has to offer.
The factors that could be responsible for low acceptance rate of 50%in Elena's company could be as a result of poor communication during the interview stage, company culture not aligning with new hires, or lack of competitive compensation.
Suppose a firm produces 25 units. Fixed cost is currently $20 per unit and its total variable cost is $625. If the firm decides to increase its production level to 35 units, what would be the total cost?
Answer:
The total cost is $1,325.
Explanation:
A firm produces 25 units of a product.
The average fixed cost or fixed cost per unit is $20 per unit.
The total variable cost is $625.
If the firm decides to produce 35 units, the total cost will be equal tot he sum of total variable cost and total fixed cost.
Total Fixed Cost
= [tex]Fixed\ cost\ per\ unit\times Number\ of\ units[/tex]
= [tex]\$ 20 \times 35[/tex]
= $700
Total variable cost is given as $625.
The total cost is
= $625 + $700
= $1,325
On January 1, 2018, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The following data are available for 2018:
Cost Retail
Beginning inventory $73,150 $133,000
Net purchases 113,400 257,000
Net markups 8,000
Net markdowns 13,000
Net sales 224,000
Retail price index, 12/31/18 1.12
Calculate the estimated ending inventory and cost of goods sold for 2018.
1.Ending inventory at retail-
2.Ending inventory at cost-
3.Cost of goods sold-
Answer:
1) Ending inventory at retail = $161,000
2) Ending inventory at cost = $85,750
3) Cost of goods sold = $100,800
Explanation:
Estimated ending inventory at retail is:
Beginning inventory $73,150 $133,000
Plus: Net Purchases $113,400 $257,000
Net markups 8,000
Less: Net markdowns (13,000 )
Goods available for sale (excluding beginning inv.) $113,400 $252,000
Goods available for sale (including beginning inv.) $186,550 $385,000
Less: Net sales ($224,000)
Estimated ending inventory at retail = $385,000 - $224,000 = $161,000
Estimated ending inventory at cost:
cost to retail percentage (2018) $113,400 / $252,000 = 45%
cost to retail percentage (base) $73,150 / $133,000 = 55%
ending inventory at cost = [45% x ($161,000 - $133,000)] + (55% x $133,000) = $12,600 + $73,150 = $85,750
Cost of goods sold (COGS) = $224,000 x 45% = $100,800
Alfred had a typewriter shop, but he went out of business because no one buys typewriters anymore. Which economic principle does this statement BEST represent? People usually respond to incentives, exploiting opportunities to make themselves better off Choices are necessary because resources are scarce One person's spending is another person's income Markets move toward equilibrium.
Answer:
One person's spending is another person's income
Explanation:
The economic principle that this statement best represent is one person's spending is another person's income as this refers to the fact that when someone buys a product or service, the money paid represents earnings for the person that owns the business and the employees. In this case, the typewriter shop went out for business because people is not spending money in typewriters and because of that, Alfred doesn't get any income.