Answer:
ADVANTAGES OF MARKET ECONOMY
1, Consumer sovereignty
2. Innovation
DISDVANTAGES OF MARKET ECONOMY
1. Unhealthy rivalry
2. Market failure
Explanation:
Market economy also called free market economy or capitalist economy is a type of economic system that encourages free ownership of productive resources. in this type of economy, the ownership of productive resources is in the hands of the individuals, and the price system allocates resources
ADVANTAGES OF MARKET ECONOMY
1, Consumer sovereignty - In a market economy, the concept of consumer sovereignty is recognized, the consumer dictates the market offerings through the price system, what the consumers want will have high demand and that would be an incentive to the producer to supply more and vice versa.
2. Innovation - The drive to get a larger share in a keenly competed market, with competition within and without, will make businesses to spend on research and take innovative steps if they want to remain in relevant in the business landscape.
DISDVANTAGES OF MARKET ECONOMY
1. Unhealthy rivalry - The cut-throat competition in the market economy will lead to unhealthy rivalry among competitors, businesses would be out to take unfair advantage over the other with its attendant consequences. This may lead to supply of substandard products.
2. Market failure - The market forces as efficient as they are, sometimes failed to allocate resources optimally. The market failure was one of the courses of the greet depression.
The type of analysis that shows the percentage that each item in a financial statement is of some significant total such as total assets or sales is called:______
Answer:
The correct answer is: Vertical Analysis.
Explanation:
In Vertical Analysis each line item is presented as a percentage of gross sales. On the Balance Sheet, each line item in the Assets section is presented as a percentage of total assets. In the Liability and Equity section, each line item is presented as a percentage of total liabilities and equity which, based on the accounting equation, is equal to Total Assets. Vertical Analysis is mostly used on the Income Statement.
For taxpayers who do not itemize deductions, the standard deduction amount is subtracted from the taxpayer's adjusted gross income. True False
Answer:
The statement is: True.
Explanation:
The Adjusted Gross Income (AGI) is a measure based on individuals' gross income that serves as the basis for different deductions, among them, taxes. Taxpayers can request a tax credit based on certain expenditures that can be eligible for deduction. To do so, they must itemize those expenses in Form 1040 (Schedule A). Otherwise, the deduction will be based on the taxpayer's AGI.
Select the necessary words to complete the following statements.
1. The purpose of an audit conducted in accordance with generally accepted auditing standards is to provide financial statement users with an opinion by the audtor on whether the financial statements are presented fairly in all material respects, in accordance with the applicable ___________.
2. The serially numbered pronouncements issued by the Auditing Standards Board of the AICPA as generally accepted auditing standards are known as ___________.
3. Investors need to compare financial statements of different companies. The standards most frequently followed to prepare financial statements in the United States are ____________.
4. Public company audit reports must be addressed to the board of directors and the ____________.
Answer:
1. Standards
2. Audit and Attest Standards
3. Generally Accepted Accounting Principles (GAAP)
4. Shareholders
Explanation:
1. Financial statements are required to be audited and should be in accordance with all applicable standards followed in the country.
2. AICPA issues, develops and enforces different standards (example code of professional conduct and consulting services standard). Auditing standards board of AICPA pronouncements are also known as Audit and Attest Standards.
3. The standards which are followed in the United States is GAAP Generally Accepted Accounting Principles. It’s a rule based accounting principle which is enforceable in the United States.
4. Audit report is required to be addressed to the Board of Directors and the company shareholders.
Answer:
1. Financial Reporting Framework
2. Statements on Auditing Standards (SASs)
3. Generally Accepted Accounting Principles (GAAP)
4. Shareholders
Explanation:
1. The purpose of an audit conducted in accordance with generally accepted auditing standards is to provide financial statement users with an opinion by the audtor on whether the financial statements are presented fairly in all material respects, in accordance with the applicable Financial Reporting Framework.
2. The serially numbered pronouncements issued by the Auditing Standards Board of the AICPA as generally accepted auditing standards are known as Statements on Auditing Standards (SASs).
3. Investors need to compare financial statements of different companies. The standards most frequently followed to prepare financial statements in the United States are Generally Accepted Accounting Principles (GAAP).
4. Public company audit reports must be addressed to the board of directors and the Shareholders.
Suppose that many people who earn a living raising cows decide they can make more money selling t-shirts and switch occupations.
How will this change affect the amount of beef supplied by producers?
A. There will be an increase in supply.
B. There will be a decrease in supply.
C. There will be no change in supply.
Answer:
B. There will be a decrease in supply.
Explanation:
The switch would cause the amount of cow rearers to fall. The amount of cow available would fall and there would be a decrease in the supply of beef.
I hope my answer helps you
If people raising cows switch to selling t-shirts, the supply of beef will decrease. Fewer producers in the market mean less quantity of beef produced and supplied. Other variables, such as importation of beef, are ignored.
Explanation:Effect on Beef SupplyIf many people who earn a living raising cows decide to switch occupations and start selling t-shirts, this will lead to a decrease in supply of beef. This is because when these producers exit the beef production market, less beef is produced and supplied. Less producers in the market equates to less quantity of the product (in this case, beef) being supplied. This concept is fundamental in the realm of supply and demand in economics. It's important to note, however, that other variables, such as importation of beef, is ignored in this scenario.
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On June 30, 2018, the Esquire Company sold some merchandise to a customer for $42,000. In payment, Esquire agreed to accept a 6% note requiring the payment of interest and principal on March 31, 2019. The 6% rate is appropriate in this situation. Required: 1. Prepare journal entries to record the sale of merchandise (omit any entry that might be required for the cost of the goods sold), the December 31, 2018 interest accrual, and the March 31, 2019 collection. 2. If the December 31 adjusting entry for the interest accrual is not prepared, by how much will income before income taxes be over-or understated in 2018 and 2019?
Answer:
Assumption: 6% rate has been taken to be on per annum basis and the question has been solved accordingly.
Following would be the journal entries to record the transaction:
On date of transaction:
June 30 Notes Receivable A/C Dr.$42,000
To Sales $42,000
(Being a note received against goods sold recorded)
Adjusting entry:
Dec 31 Interest Receivable Dr. $ 1,260
To Interest Revenue A/C $1260
(Being 6 months interest due recorded)
On due date of notes receivable
March 31 Cash A/C Dr. 43,890
To Notes Receivable A/C $42000
To Interest Revenue A/C $1890
(Being payment for notes receivable received along with interest recorded)
2. If the adjusting entry for interest accrual is not recorded, the income for 2018 would be understated by $1260 and income for 2019 would be overstated by $1260.
On May 1, 2016, Hecala Mining entered into an agreement with the state of New Mexico to obtain the rights to operate a mineral mine in New Mexico for $9.3 million. Additional costs and purchases included the following (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.): Development costs in preparing the mine $2,500,000 Mining equipment 143,400 Construction of various structures on site 36,500After the minerals are removed from the mine, the equipment will be sold for an estimated residual value of $12,000. The structures will be torn down. Geologists estimate that 730,000 tons of ore can be extracted from the mine. After the ore is removed the land will revert back to the state of New Mexico. The contract with the state requires Hecala to restore the land to its original condition after mining operations are completed in approximately four years. Management has provided the following possible outflows for the restoration costs:Cash Outflow Probability$530,000 40%630,000 30%730,000 30%Hecala’s credit-adjusted risk-free interest rate is 7%. During 2016, Hecala extracted 113,000 tons of ore from the mine. The company’s fiscal year ends on December 31.Required:1. Determine the amount at which Hecala will record the mine. (Round "Depreciation" and "Depletion" rates to 4 decimal places.)2. Calculate the depletion of the mine and the depreciation of the mining facilities and equipment for 2016, assuming that Hecala uses the units-of-production method for both depreciation and depletion. (Round "Depreciation" and "Depletion" rates to 4 decimal places.)3. How much accretion expense will the company record in its income statement for the 2016 fiscal year?(Round "Depreciation" and "Depletion" rates to 4 decimal places.)4. Are depletion of the mine and depreciation of the mining facilities and equipment reported as separate expenses in the income statement?5. During 2017, Hecala changed its estimate of the total amount of ore originally in the mine from 730,000 to 930,000 tons. Calculate the depletion of the mine and depreciation of the mining facilities and equipment for 2017 assuming Hecala extracted 143,000 tons of ore in 2017. (Round "Depreciation" and "Depletion" rates to 4 decimal places.)
Answer:
Explanation:
1. Mineral mine - $9.3 million
Development costs - $2500 000
1/[(1+0.07)^4]=0.76290
Restoration costs = $472995 = [(530k * 0.4)+(630k * 0.3)+($730k * 0.3)] *0.76290
Cost of mine= $9.3 million+$2500 000+$472995 = $12272995
2. Depletion:
($12272995/730000tons)*113000tons=$1899792
Depreciation of machinery=($143400-$12000)/730000 * 113000tons = $20340
Depreciation of structures=($36500/730000tons)*113000tons=$5650
3. Accrecion expense recognized:
$472995*0.07*8/12=$22073
Snacknow, a food service firm, is calculating its monthly productivity report. From the following raw data calculate the labor productivity.
Labor rate $10
Units produced 10,000
Labor hours 1,000
Cost of materials $2000
Cost of energy $500
(A) 0.220
(B) 1.000
(C) 0.800
(D) 0.476
Answer:
Explanation:
Labor productivity = Total output/ Total Input
Labor rate = $10. Labor hours = 1,000
So total labour input = 1,000*10= 10,000.
Materials and energy cost input = 2000+500
⇒ total input = 10,000+ 2000+500= 12500
Total output (units produced) = 10,000
Labor productivity= 10,000/12500= 0.80
The Role of Theory in Research, which of these represents the relationship between theory and research:______a. Theory is completed before research b. Research is completed before theory c. Research and theory are independent d. Research and theory are interdependent
Answer:
The correct answer is letter "D": Research and theory are interdependent.
Explanation:
A theory is the conclusion of an idea regarding a certain topic. To support that idea, facts are needed. Those facts are found thanks to research. However, research itself would not have a purpose if the main intention of the study would not be to propose a theory. Thus, both theory and research are interdependent.
Leisure Lodge Corporation is expected to pay the following dividends over the next four years: $22.00, $10.00, $8.20 and $2.80. Afterwards, the company pledges to maintain a constant 5 percent growth rate in dividends forever. If the required return on the stock is 16 percent, what is the current share price?
Answer:
The answer is: The current share price is $47.96.
Explanation:
The current share price is equal to the present value of its expected dividend stream discounting at required return rate of 16%.
We have the dividend stream as followed:
Year 1: $22.00; Year 2:$10.00; Year 3: $8.20; Year 4: $2.80; Year 5: $2.80 * 1.05 = $2,94 and will be growing at 5% constantly afterward ( as dividend will be growing at 5% per year from Year 4 afterward).
So, the current share price is equal to:
22/1.16 + 10/1.16^2 + 8.2/1.16^3 + 2.8/1.16^4 + [Present value as at the end of year 4 of growing perpetuity which is dividend payment after year 4] / 1.16^4 = 33.20 + [ 2.94 / ( 16% - 5%) ] /1.16^4 = $47.96.
So, the current share price is $47.96.
Yokam Company is considering two alternative projects. Project 1 requires an initial investment of $520,000 and has a present value of cash flows of $1,300,000. Project 2 requires an initial investment of $5 million and has a present value of cash flows of $6 million.
Compute the profitability index for each project.
Based on the profitability index which project should the company prefer?
Answer:
1. 2.5; 1.2
2. Project A
Explanation:
Given that,
Project 1 requires:
Initial investment = $520,000
Present value of cash flows = $1,300,000
Project 2 requires:
Initial investment = $5,000,000
Present value of cash flows = $6,000,000
1.
Profitability index = Present Value of Cash inflows ÷ Investment
Project A = $1,300,000 ÷ $520,000
= 2.5
Project B = $6,000,000 ÷ $5,000,000
= 1.2
2. Project A will be preferred because it has a higher profitability index than project B.
Final answer:
To determine the preferable project for Yokam Company, the profitability index is calculated for both projects. Project 1 has a profitability index of 2.5, and Project 2 has a profitability index of 1.2. Thus, Project 1 is preferable due to its higher profitability index.
Explanation:
The question asks to compute the profitability index for two projects and determine which project Yokam Company should prefer based on this index. The profitability index (PI) is calculated as the present value of cash flows divided by the initial investment.
For Project 1, PI = $1,300,000 / $520,000 = 2.5.For Project 2, PI = $6,000,000 / $5,000,000 = 1.2.Based on the profitability index, Yokam Company should prefer Project 1 as it has a higher PI, indicating a greater return per dollar invested.
During the year, total liabilities increased $105,000 and stockholders’ equity decreased $83,000. What is the amount of total assets at the end of the year?
Answer: 22,000.
Explanation: 105,000-83,000 Is 22,000
The slope of the budget line represents the rate at which the consumer is willing to trade one good for another at any given bundle a. True b. False
Answer:
False
Explanation:
The slope of the budget line is the ratio of the prices of that bundle of goods. It represents the price at which a consumer would be willing to substitute one good for the other in the same bundle of goods.
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The following are responsibilities of the governance team when managing a portfolio system EXCEPT
A. Deciding how they wish to balance the available organizational resources among the different types of projects
B. Publishing the priority of every project and ensuring the process is open and free of power politics
C. Evaluating the progress of the projects in the portfolio
D. Constant scanning of the external environment to determine if organizational selection criteria need to be changed
E. Communicating which projects are approved
Answer:
The correct answer is letter "A": Deciding how they wish to balance the available organizational resources among the different types of projects.
Explanation:
While managing a portfolio system, the governance team has many duties such as assessing the risk the portfolio represents, giving also an overview of all the project management activities and the measure of those projects compared to competitors. How to allocate the company resources for each organizational project of the firm, relies on managers directly.
The responsibilities of the governance team when managing a portfolio system involve tasks such as resource allocation, project prioritization, and progress evaluation.
Explanation:The responsibility of the governance team when managing a portfolio system involves several tasks, including:
Deciding how they wish to balance the available organizational resources among the different types of projects. This involves determining the allocation of resources such as budget, personnel, and equipment.Publishing the priority of every project and ensuring the process is open and free of power politics. This helps in creating transparency and fairness in project selection and execution.Evaluating the progress of the projects in the portfolio. This involves monitoring and tracking project milestones, deliverables, and performance.Therefore, the correct answer is C. Evaluating the progress of the projects in the portfolio.
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Assume that a radiology group practice has the following cost structure: Fixed costs = $500,000 Variable cost per procedure = $25 Furthermore, assume that the group expects to perform 7,500 procedures in the coming year. a. What is the group’s underlying cost structure?b. What are the group’s expected total costs?c. What are the group’s estimated total costs at 5,000 procedures? At 10,000 procedures?d. What is the average cost per procedure at 5,000, 7,500, and 10,000 procedures
Answer:
(a) $91.67
(b) $687,500
(c) $625,000; $750,000
(d) $125; $91.67; $75
Explanation:
(a) Underlying cost structure:
= [($25 × 7,500) + $500,000] ÷ 7,500
= $91.67
(b) Expected total cost:
= $500,000 + ($25 × 7,500)
= $687,500
(c) Estimated total cost at 5,000:
= $500,000 + ($25 × 5,000)
= $625,000
Estimated total cost at 10,000:
= $500,000 + ($25 × 10,000)
= $750,000
(d) Average cost per procedure at 5,000:
= [($25 × 5,000) + $500,000] ÷ 5,000
= $125
Average cost per procedure at 7,500:
= [($25 × 7,500) + $500,000] ÷ 7,500
= $91.67
Average cost per procedure at 10,000:
[($25 × 10,000) + $500,000] ÷ 10,000
= $75
The radiology group practice has a fixed cost of $500,000 and a variable cost per procedure of $25. The expected total costs for the group are $1,875,000. The average cost per procedure is $105 at 5,000 procedures, $250 at 7,500 procedures, and $225 at 10,000 procedures.
Explanation:The radiology group practice has a fixed cost of $500,000 and a variable cost per procedure of $25. This means that regardless of the number of procedures performed, the fixed cost remains the same, while the variable cost increases with each procedure.
To calculate the expected total costs, we multiply the number of procedures (7,500) by the variable cost per procedure ($25) and add the fixed cost ($500,000), resulting in $1,875,000.
For 5,000 procedures, the estimated total costs would be $525,000, and for 10,000 procedures, the estimated total costs would be $2,250,000.
The average cost per procedure can be calculated by dividing the total costs by the number of procedures. At 5,000 procedures, the average cost per procedure is $105. At 7,500 procedures (expected total), the average cost per procedure is $250. At 10,000 procedures, the average cost per procedure is $225.
When setting up an ecommerce shop, which stage of the searcher’s intent should youfocus?
a. Loyaltyb. Checkoutc. Purchased. None of the above
Answer:
Research
Explanation:
An e-commerce shop is an online based store where the seller lists items for sale and customers search and select and order the ones they would like to purchase. The stage of the searcher's intent an e-commerce owner would focus on is the research stage. Their website should always be at the top of the potential customers' search engines. This would increase the likelihood of them committing and making a purchase.
Final answer:
When setting up an ecommerce shop, focus on the checkout stage of the searcher's intent to improve conversion rates, by addressing concerns like shipping costs and utilizing strategies like follow-up emails and discounts.
Explanation:
When setting up an ecommerce shop, the focus during various stages of the searcher's intent is essential for successful conversions. Although each stage of the buyer's journey is important, the checkout stage is critical. This is where you have the opportunity to address and overcome last-minute hesitations that can lead to abandoned carts. Option B
By understanding factors like high shipping costs and uncertainty over taxes and surcharges, as identified through user surveys, a business can implement strategies to encourage users to complete their purchases. For example, implementing targeted actions such as sending automatic follow-up emails to customers who abandon their digital shopping carts or offering discounts and free shipping can significantly improve conversion rates. These insights can help you tailor the shopping experience to address the concerns and hesitations that customers face at the point of sale, thereby increasing the likelihood of completing a sale.
Because of the violent nature of the sport, professional American football players are at risk of suffering concussions (or brain injuries) during the violent collisions that occur between players during the game. Violent collisions involving hits to the head are particularly risky. Suppose the commissioner of the National Football League (NFL) institutes a rule requiring players to wear a new, lighter helmet that is designed to reduce head trauma during collisions between players on the field. While the new helmets ________ the probability of a concussion resulting from each individual collision, at the same time the new helmets could also give football players an incentive to play more __________ , which could potentially _________ the amount of violent collisions and thus the number of concussions suffered by NFL players, all else equal.
Answer:
The new helmets will decrease the probability of a concussion resulting from each individual collision as there will be a decrease in the risk of head trauma. The new helmets could also give football players an incentive to play more recklessly which in turn increases the amount of violent collisions. Therefore, the numbers of concussions suffered by NFL players are equal.
Answer:
The new helmets will decrease the probability of a concussion resulting from each individual collision as there will be a decrease in the risk of head trauma.
Explanation:
Rio Games and the Brazilian Real. Ryan Lock had planned his trip to the Olympic Games in Rio de Janeiro, Brazil, for many months. He had budgeted-saved-$16 comma 000 for expenses while in Rio. But he had postponed exchanging the dollars for Brazilian currencylong dashreal (BRL or R$)long dashuntil the very last minute on August 8th, doing it in the airport in the United States at BRL 3.1429equals1.00 USD. Given the following average monthly exchange rates in 2016, when should he have exchanged the dollars for real to maximize his Brazilian spending money?
To maximize his spending in Brazil, Ryan should have exchanged his money when the USD to BRL exchange rate was at its highest. Without specifics about the exchange rates over various months, it's impossible to precisely determine when he should have done so. The principle remains, the most advantageous time would be during the peak USD/BRL exchange rate.
Explanation:In this scenario, to maximize his Brazilian spending money, Ryan should have exchanged his money when the exchange rates were highest. This means Ryan should have selected the month where 1 USD was valued at the maximum possible amount of Brazilian Real (BRL or R$). However, the question doesn't provide any specific exchange rates aside from the one he got at the airport.
For instance, imagine that in June the exchange is BRL 3.5 per 1 USD. If he had exchanged his $16,000 then, he would have gotten BRL 56,000. On another time, the exchange rate might be lower (let's say BRL 3.1 equals 1.00 USD). Here, if he exchanged his dollars, he would get a lesser amount of BRL.
Therefore, without knowing the other rates, we cannot accurately or definitively say when Ryan should have exchanged his money, but the principle remains: he should do so when the USD/BRL exchange rate is at its peak.
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Ryan Lock was looking for the best time to exchange his dollars for Brazilian Real to have maximum spending money in Rio. The best time would have been when the exchange rate was the highest, providing more BRL per USD. Without concrete monthly exchange rates for 2016, we cannot determine the exact optimal exchange moment.
Ryan Lock needs to find the optimal time to exchange his dollars for Brazilian Real (BRL) to maximize his spending money during the Olympic Games in Rio de Janeiro. To determine when he should have exchanged his dollars for real, one must consider the average monthly exchange rates. The goal is to find the time period when the dollar's value was highest relative to the real, thus yielding more real per dollar.
From the given information, the market exchange rate for the Brazilian Real could potentially be 35 cents/real. However, Brazil's government might set it at 30 cents/real. To maximize Brazilian spending money, Ryan would be interested in a lower exchange rate value, the number of reals per dollar, because that would give him more reals for each dollar he exchanges.
Evan Company reports net income of $140,000 each year and declares an annual cash dividend of $50,000. The company holds net assets of $1,200,000 on January 1, 2017. On that date, Shalina purchases 40 percent of Evan's outstanding common stock for $600,000, which gives it the ability to significantly influence Evan. At the purchase date, the excess of Shalina's cost over its proportionate share of Evan's book value was assigned to goodwill. On December 31, 2019, what is the Investment in Evan Company balance (equity method) in Shalina's cost over its proportionate share of Evan's book value was assigned to goodwill. On December 31st, what was the investment in Evan company balance (equity method) in Shalina's record?a. $600,000b. $660,000c. $690,000d. $708,000
Answer:
D. $708,000
Explanation:
Step 1: Calculate the Value in excess of Cost over book value for the acquistion
a. Shalina Purchased 40% or Evans outstanding stock for $600,000
b. Evan's net assets was $1,200,000 on that same January 1, 2017
To calculate the excess value
Evan's Net Assets $1,200,000
The Book value of Shalina's acquisition ( 40% x $1,200,000) $480,000
Subtract: The Cost of Acquisition by Shalina ($600,000)
Total = Excess of Cost over Book Value for Acquisition $120,000
This excess is Assigned to Goodwill $120,000
Calculate Goodwill Amortization
= Excess of Cost over book value- Goodwill = $0 (since all were assigned to Goodwill)
Step 2: Calculate the Investment of Shalina in Evan's Company as at 31st December, 2019
Investment Cost by Shalina $600,000
Portion of 2017 Income accrued to Shalina (40% of $140,000) $56,000
Subract: Shalina Portion of Dividend declared (40% of $50,000) ($20,000)
Portion of 2018 Income accrued to Shalina (40% of $140,000) $56,000
Subract: Shalina Portion of Dividend declared (40% of $50,000) ($20,000)
Portion of 2019 Income accrued to Shalina (40% of $140,000) $56,000
Subract: Shalina Portion of Dividend declared (40% of $50,000) ($20,000)
Shalina's Investment in Evan as at 31st December, 2019 $708,000
Note: Since, Evans company declares the same profit of $140,000 and dividend of $50,000 yearly, it means Shalina's portion of investment should be calculated based on these same figures for the three years.
A project portfolio is a useful storage medium that enables the project manager to consolidate all project information in a single, convenient location.
True or False?
Answer:
The statement is: False.
Explanation:
The project portfolio comprehends the group of projects the company has and how they strategically select one over another to meet the company goals. The project management allows the company plan according to the current situation the organization faces and allocates its resources as needed.
The project portfolio is not a storage medium.
If Sharon has a surplus of $4400 per year and chooses to save that surplus for her future, needs, how much wealth will her surplus savings be worth after 25 years if she can earn a 11% rate of return?
Answer:
Her surplus savings will be worth $503,418 after 25 years.
Explanation:
In this question we are told than Sharon if Sharon saves 4400 each year for 25 years how much money will she have at the end of 25 years if she earns 11% compounded interest. To solve this question we will need a financial calculator.
The present value of her investment is 0. She contributes 4400 each year so her payments are 4400, the number of years are 25, and the interest rate is 11% so we will input these values in a financial calculator and find the future value of her savings.
PV=0
PMT=-4400
I=11
N=25
Compute FV=503,418
You have a budget of $5,000. You want to buy email addresses, and each address costs $0.41. How many addresses can you purchase? a) 12,195 b) 13,251 c) 14,200 d) 15,220
a) 12,195 is the answer
You have a budget of $5,000. You want to buy email addresses, and each address costs $0.41. $12195 addresses you can purchase in $5,000. The correct option is a.
What is the main purpose of an email?A digital message delivered digitally over the internet from one computer to one or more others is known as an email. Emails are adaptable and can be used for a variety of purposes, including asking a question, providing a status update, recommending something, serving as documentation, confirming something, explaining rules and procedures, and delivering directions.
To calculate how many email addresses can be purchased with a budget of $5,000 at a cost of $0.41 per email address, we need to divide the total budget by the cost per email address:
$5,000 / $0.41 per email address = 12,195 email addresses. Therefore, the answer is 12,195 email addresses.
Thus, the ideal selection is option a.
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Anu’s Amusement Center has collected the following data for operations for the year: Total revenues $ 2,400,000 Total fixed costs $ 656,250 Total variable costs $ 1,350,000 Total tickets sold 75,000 Required:
a. What is the average selling price for a ticket?
b. What is the average variable cost per ticket?
c. What is the average contribution margin per ticket?
d. What is the break-even point?
e. Anu has decided that unless the operation can earn at least $131,250 in operating profits, she will close it down.
What number of tickets must be sold for Anu’s Amusements to make a $131,250 operating profit for the year on ticket sales?
Answer:
a)$32
b)$18
c)$14
d) 46,875 units
e) 56,250
Explanation:
a) calculate the average selling price for a ticket sold
the formula = Total tickets sold / The total number of tickets sold
= 2,400,000/ 75,000= $32
b) Calculate average variable cost per ticket sold
the formula = The total variable cost / the total number of tickets sold
= 1,350,000/75,000= $18
c) Calculate the average contribution margin per ticket sold
the formula= The selling price of tickets - the variable cost of the tickets
= $32-$18 = $14
d) Estimate the break-even point
The formula = the total fixed costs/ the derived contribution per unit
=656,250/14 = 46,875 units
e) Calculate the number of tickets to be sold to earn $131,250 profit
This is an estimation of target units based on target profit
Target Unit= (fixed costs + expected or target profit) / the Contribution per unit
=(656,250 + $131,250) / $14
=56,250 units need to be sold to arrive at the target profit
Final answer:
This response provides calculations for average selling price, average variable cost, average contribution margin, break-even point, and the number of tickets needed for a specific operating profit in a business scenario.
Explanation:
To calculate various indicators of Anu's Amusement Center's performance, we need to perform several financial analyses based on the provided data.
a. Average Selling Price for a ticket: Selling price per ticket = Total revenues / Total tickets sold. In this case: $2,400,000 / 75,000 = $32 per ticket.
b. Average Variable Cost per ticket: Variable cost per ticket = Total variable costs / Total tickets sold. $1,350,000 / 75,000 = $18 per ticket.
c. Average Contribution Margin per ticket: Contribution margin per ticket = Selling price per ticket - Variable cost per ticket. $32 - $18 = $14 per ticket.
d. Break-even point: Break-even point in tickets = Fixed costs / Contribution margin per ticket. $656,250 / $14 = 46,875 tickets.
e. Number of tickets for $131,250 operating profit: Extra tickets needed = (Fixed costs + Target profit) / Contribution margin per ticket. ($656,250 + $131,250) / $14 = 50,000 tickets.
Green Cleaners Inc., a U.S.-based company that specializes in environmentally-friendly cleaning supplies, has production facilities in Poland and Spain. Based on this information, Green Cleaners can be classified as what type of enterprise?
Answer: MULTINATIONAL
Explanation: MULTINATIONAL ENTERPRISE is any Enterprise that has its presence and does business in two or more countries. The presence can be in the form of Production facilities, Marketing facilities,joint ventures or even Franchise etc
Companies like Green Cleaners Inc., a U.S. company which has expanded to Spain and Poland are multinationals. Multinational organizations or enterprises have huge capital base through which they are able to acquire properties abroad.
Green Cleaners Inc. is classified as a multinational enterprise (MNE) because it has production facilities in both Poland and Spain. Multinational enterprises operate in multiple countries besides their home country. Green cleaning products focus on sustainability and environmentally-friendly processes.
Green Cleaners Inc., a U.S.-based company that specializes in environmentally-friendly cleaning supplies and has production facilities in Poland and Spain, can be classified as a multinational enterprise (MNE). A multinational enterprise is a company that has business operations in multiple countries, aside from its home country. In this case, Green Cleaners Inc. operates production facilities outside the U.S., making it a classic example of a multinational enterprise.
Green cleaning refers to using environmentally friendly ingredients and procedures designed to preserve human health and environmental quality. Companies that specialize in green products often avoid the use of toxic chemicals and emphasize the sustainability and biodegradability of their products.
To be competitive firms must create and sustain core competencies that are in tune with their customer’s order winners (T/F)
Answer:
The statement is: True.
Explanation:
Order winners are those products that customers recognize of having the minimum requirements so they can consider to purchase them and that are better than their competitors eventually making consumers buy them. Thus, firms must keep core competencies aligned to the customers' order winners.
Give two examples of services that have a good match between customer expectations and service delivery.
Answer:
The two example can be 1. Keeping up the date of delivery 2. Quality of the product
Explanation:
Let us consider the scenario of online shopping. A customer is ordering goods through an application and the expected service date which the application calculates is "so and so date" and the user has ordered based on quality and with the help of review of customer.
1. Date of delivery: It is necessary to keep up the dates so that it gives the best impression towards the service especially in a paid service. Late in delivery of goods creates an negative impression.
2. Quality: The customer might feel sometimes the rate is quite higher, but if you provide a quality product which is worth for the price, definitely the customer will come back to purchase more and sometimes even refer customers and bring business to your organization.
Customer expectations refers to the expectation of consumers on a ordered product while the service delivery means the expectation on the delivery of the ordered product.
Example of services that matches the expectations of customers:
A quick delivery of the products or on time delivery of the goods required by the customers. For example: Food delivery services to the customers from various restaurants and food joints.Online shopping applications or websites because they provide products based on customer's requirement with prompt delivery.
Example of services that do not match with the expectations of customers in terms of delivery:
A Courier services which are used by third party units may lead to customer dissatisfaction with delayed delivery of orders.
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For the following activity, indicate which of the objectives of managerial accounting activity is involved. In some cases, several objectives may be involved. Developing a bonus reward system for the managers of the various offices of the AAA (American Automobile Association) Travel Agency.a. Providing information for decision making and planning. b. Assisting managers in directing and controlling operational activities. c. Motivating managers and other employees toward the organization's goals. d. Measuring the performance of activities, subunits, managers, and other employees within the organization. e. Assessing the organization's competitive position, and working with other managers to ensure the organization's long-run competitiveness in its industry.
Answer:
c. Motivating managers and other employees toward the organization's goals.
Explanation:
Fruit thinning is practiced for peaches to increase the size of the remaining fruit (T/F)
Answer:
The statement is: True.
Explanation:
Fruit thinning is the process by which farmers remove some of the fruits growing on a tree so that the remaining can grow bigger and better. This practice is usually performed during the spring and it is useful to prevent limbs to break due to excessive weight.
The statement is true. Fruit thinning, which involves removing some fruits to let others grow bigger, is commonly practiced in peach cultivation. This practice enhances the size and often the sweetness of the remaining fruits, as nutrients are concentrated in fewer fruits.
Explanation:The statement is True. Fruit thinning is a practice performed in the cultivation of many fruit crops, including peaches. This practice involves selectively removing some fruits to allow the remaining fruits to grow bigger. The reason is that when a tree has too many fruits, resources such as water and nutrients are shared among all, leading to all fruits remaining small.
By thinning the fruits, the available nutrients and water are concentrated in fewer fruits, allowing these fruits to grow larger and often sweeter.Fruit thinning also helps to prevent the branches from breaking under the weight of too many fruits. Thus, the practice is beneficial in improving the yield and quality of the harvest.
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A. In an AE model with MPC = 0.80, the government increases spending by $100 million. What will be the increase in equilibrium Y in the Keynesian AE model?
Answer:
increase in equilibrium Y in the Keynesian AE model = 500
Explanation:
Formula AE Model = ΔY = 1/1-C * ΔG
Where ΔY = Change in National Income
Marginal Propensity to Consume =0.80
Change in government spending =100
ΔY = 1/1-0.8*100 = 1/0.2*100 = 5*100 = 500
Select all that are examples of how prokaryotes are beneficial to humans.
A. a bacteria causes Lyme disease
B. bacteria that live in the intestines of vertebrate animals
C. bacteria are used to clean up oil spills
D. bacteria are used in biomedical research
E. MRSA is resistant to methicillin
F. bacteria are used to develop medicines
Answer:
C. bacteria are used to clean up oil spills
D. bacteria are used in biomedical research
F. bacteria are used to develop medicines
Explanation:
Other kinds are harmful and not beneficial to humans
Beck was the general manager of Chilkoot Lumber Co. Haines sold fuel to the company. To persuade Haines to sell on credit, Beck signed a paper by which he promised to pay any debt the lumber company owed Haines. He signed this paper with his name followed by "general manager." Haines later sued Beck on this promise, and Beck raised the defense that the addition of "general manager" showed that Beck, who was signing on behalf of Chilkoot, was not personally liable and did not intend to be bound by the paper. Was Beck liable on the paper?
Answer:
No
Explanation:
Beck was the general manager of company. By signing the company's document, actually company is liable to pay that amount not individual. The claim that Haines make is incorrect as any liability is supposed to be beared by company. The claim that Beck made is correct. because he wrote general manager which means he is an employee of that company. So, liability falls on company rather than individual.
Beck's liability for the debt of Chilkoot Lumber Co. to Haines depends on whether he signed the promise with the intent to be personally bound or merely in his capacity as general manager. Typically, indicating the role next to the signature aims to avoid personal liability, but the context and wording of the agreement are crucial in determining the actual liability.
The question relates to whether Beck, who was the general manager of Chilkoot Lumber Co., is personally liable for the debt of the company to Haines after signing a paper promising to pay the company’s debt. Beck signed the paper with the addition of “general manager,” which he argues shows his intent not to be personally bound by the agreement. In general, when a representative of a company signs an agreement while clearly indicating their representative capacity, they typically are not personally liable for the debts of the company. The specific facts of the case, however, such as the exact wording of the promise and the context in which it was signed, will ultimately determine Beck's liability. If it can be shown that he intended to assume personal responsibility or that he acted beyond the scope of his authority, he might be held liable.