Management believes that repair cost is a mixed cost that depends on the number of machine-hours. Using the least-squares regression method, the estimates of the variable and fixed components of repair cost would be closest to:

Answers

Answer 1

The question is incomplete.

The management of Ferry Corporation would like you to analyze their repair costs, which are listed below: see attachment

(Options)

a. $1.08 per machine-hour plus $30, 761 per month

b. $.81 per machine-hour plus $31, 736 per month

c.$15.10 per machine-hour plus $33, 700 per month

d. $1.35 per machine-hour plus $30.170 per month

Answer:

d. $1.35 per machine-hour plus $30.170 per month

Explanation:

See attachment

Management Believes That Repair Cost Is A Mixed Cost That Depends On The Number Of Machine-hours. Using
Management Believes That Repair Cost Is A Mixed Cost That Depends On The Number Of Machine-hours. Using

Related Questions

A city government hopes to decrease the quantity of sugary drinks consumed, and is planning to implement a tax on the drinks. Should the government tax companies that sell sugary drinks, or the consumers who purchase them?

Answers

Answer:

Government should tax consumers of sugary drinks, rather than sellers.

Explanation:

If government levies tax on sellers; Sellers might share the tax burden wholly, partially or none with the buyers.

Such tax burden share depends on inelasticities of demand & supply - if demand is more inelastic, more burden is on buyers & if supply is more inelastic, more burden is on sellers.

So in case : demand is relatively more elastic & supply more inelastic, more tax burden will be borne by sellers. Hence, despite of tax - there will be less or no change (rise) in buyer's price & therefore it won't be effectively reducing quantity of sugar drinks consumed

If the tax is on buyers, it will directly effect their demand & consumption of sugary drinks.

Answer:

The impact of the tax will be the same regardless of who pays the tax

Explanation:

Prices will adjust so that the impact on consumers and producers will be the same regardless of who officially pays the tax.

The use of debt is called A. financial leverage. B. production leverage. C. operating leverage. D. total asset turnover risk. E. business risk. Reset Selection

Answers

Answer:

A- Financial leverage

Explanation:

The use of debt is called FINANCIAL LEVERAGE because it involve the use of debt or borrowed money rather than equity when an asset is purchased with the hope that the profit gain after deducting tax from the equity holder transaction will be higher than the borrowing cost.

Financial leverage is based on the used of borrowed money or debt to acquire an additional assets which will cause the returns on the owner's cash investment to be amplified.

The return on equity is increased through leverage leading to the excess amount of the financial leverage to increases the risk of failure, since it will becomes more difficult to repay back the debt or borrowed money.

Financial leverage is measured as the ratio of total debt to total assets meaning the greater the amount of debt , the greater the financial leverage.

Answer:

A. financial leverage.

Explanation:

Financial leverage refers to the use of debt in order to buy more assets. This is measured by comparing the ratio of total debt to total assets. This means that, as the proportion of debt to assets increases, so does the amount of financial leverage. As a very large amount of debt can be hard to pay, an excessive amount of financial leverage can greatly increase the risk of failure.

proposed new project has projected sales of $124,000, costs of $58,000, and depreciation of $12,700. The tax rate is 34 percent. Calculate operating cash flow using the four different approaches

Answers

Answer:

Please see explanation

Explanation:

The four different approaches for calculating operating cash flows are given as follows:

1.Operating cash flow=Earning before tax+ Depreciation expense – Tax expense

=($124,000-$58,000-$12,700)+$12,700-[($124,000-$58,000-$12,700)*34%]

=$53,300+$12,700-$18,122

=$47,878

2.Operating cash flow=Sales-expenses other than depreciation-Tax expense

=$124,000-$58,000-[($124,000-$58,000-$12,700)*34%]

=$124,000-$58,000-$18,122

=$47,878

3.Operating cash flow=(Sales-expenses other than depreciation)*(1-tax rate)+tax rate*depreciation

=($124,000-$58,000)*(1-0.34)+0.34*$12,700

=$43,560+$4,318

=$47,878

4.Operating cash flow=Net income+depreciation

=Sales-costs-depreciation-tax expense+depreciation

=$124,000-$58,000-$12,700-$18,122+$12,700

=$47,878

Verizon Manufacturing Company spent $400,000 in 2019 to inspect incoming components. Of the $400,000, $240,000 is fixed appraisal costs. The variable inspection cost is $0.20 per component. It takes two components for each finished product. Internal failure costs average $80 per failed unit of finished goods. In 2019, five percent of all completed items had to be reworked. External failure costs average $200 per failed unit. The company's average external failures are one percent of units sold. The company manufactures all units as ordered and carries no materials inventories. Seeking to decrease its total cost of quality (COQ), Verizon contracted Quality-is-Free Consultants, Inc. (QIFC) to study ways to improve product quality and to reduce costs. Upon completion of the study, QIFC recommended automatic inspection equipment that requires a $60,000 annual cost for training and $150,000 for equipment rental and maintenance. The new equipment will eliminate $40,000 of the fixed appraisal costs, reduce the amount of unacceptable product units in the manufacturing process by 10 percent, and cut product failures by half. The company paid the consulting firm $100,000 in early January 2020 for the project. Verizon expects no changes in its operating level in the foreseeable future. How much are internal failure costs in total projected to change

Answers

Answer:

The question is incomplete, the option include:

$20,000 decrease. $45,000 decrease. $80,000 decrease. $160,000 decrease.  is Correct$320,000 decrease.

Explanation:

1. In 2019 the number of finished units with internal faults = $400,000 completed units * 0.05 = $20,000.

2. In 2020 the number of finished units with internal faults = $20,000* (1 -0.1) = $18,000.

3. In 2020, the projected cost of internal failure= $18,000 * $80= $1,440,000;

4. In 2019 the expense of internal failure= $20,000 * $80 = $1,600,000.

5. Projected shift in the cost of internal failure = $1,600,000 - $1,440,000 = decrease of $160,000

Final answer:

The projection of internal failure costs is calculated by comparing the current costs at a 5% failure rate with the costs after a reduction of the failure rate to 4.5% due to new inspection equipment.

Explanation:

The question concerns the projection of internal failure costs for Verizon Manufacturing Company after implementing recommendations from Quality-is-Free Consultants, Inc. To calculate the change in internal failure costs, first identify the current internal failure rate and cost. With a failure rate of 5% and an average internal failure cost of $80 per unit, the current internal failure costs can be calculated. If the implementation of the new inspection equipment reduces this rate by 10%, the new failure rate would be 4.5%. The expected change in total internal failure costs is thus the difference between the initial total internal failure costs and the new projected costs after implementing recommendations.

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Indicate whether the following scenarios represent an increase, decrease, or no change in the long-run aggregate supply (LRAS) curve. Each label may be used more than once.
A.The mandatory retirement age in Wonkaland is abolished.
B.Wonkaland?s main export is candy. Candy from this country increases in popularity as consumers all over the world want to buy Wonkalandian candy.
C.Since candy from Wonkaland has become an international sensation, factories in Wonkaland double the number of candy making machines.
D.The top candy companies in Wonkaland chose to relocate their means of production to other countries around the world.

Answers

Answer:

A. increase

B. decrease

C. no change

D. no change

Explanation:

The long-run aggregate supply (LRAS) curve is the curve used to show how aggregate supply varies with changes in demand in the long run.

Let me explain each of the choices one after the other;

A. The mandatory retirement age in Wonkaland is abolished; this leads to an increase in long run supply because more people will be in the workforce, and more workers mean more production and more supply.

B. Wonkaland's main export is candy. Candy from this country increases in popularity as consumers all over the world want to buy Wonkalandian candy;  an increase in demand from all over the world will cause number of supply to drop long term, because, lesser number of products will be distributed among a larger number of people.

C. Since candy from Wonkaland has become an international sensation, factories in Wonkaland double the number of candy making machines; initially as described in B above, the supply decreases, but if number of candy making machines are doubled, the supply that has decrease begins to rise again until it reaches its original point, hence causing no chance in the LRAS, because it s assumed that the new machines are used to satisfy the external demand.

D.The top candy companies in Wonkaland chose to relocate their means of production to other countries around the world; in the case of relocation, there will be no change in overall supply because the change is only in location and not in production capabilities, but locally, the supply might decrease in the place where they relocated from.

Tennison Corporation has two service departments (Maintenance and Human Resources) and three production departments (Machining, Assembly, and Finishing). Maintenance is the larger service department and Assembly is the largest production department. The two service departments service each other as well as the three producing departments. On the basis of this information, which of the following cost allocations would not occur under the direct method?

a. Maintenance cost would be allocated to Human Resources.
b. Human Resources cost would be allocated to Finishing.
c. Machining cost would be allocated to Assembly.
d. Both machining cost would be allocated to Assembly and maintenance cost would be allocated to Human Resources.
e. Maintenance cost would be allocated to Finishing.

Answers

Answer:

The correct answer is "Both machining cost would be allocated to Assembly and maintenance cost would be allocate"

Explanation:

Under direct technique for designation, the expenses of administration divisions,  

- are not distributed to another help office, and  

- are distributed straightforwardly to the various offices.  

In view of over, the cost distribution that WOULD NOT OCCUR under direct strategy is  

Choice #4: Both machining cost would be designated to Assembly and support cost would be apportioned to Human Resources.  

This is on the grounds that:-  

- Machining cost would not be assigned to Assembly office as both are creation divisions.  

- Maintenance cost would not be apportioned to Humar asset as both are administration divisions.

5. Consider the following semiannual bonds: Bond C%(per year) Maturity(years) A 0% 15 B 0% 9 C 5% 15 D 11% 9 a. What is the percentage change in the price of each bond if its YTM falls from 5% to 4%

Answers

Answer:

The percentage changes in the price of the bonds are as follows:

Bond A 16%

Bond B 9%

Bond C 11%

Bond D 7%

Explanation:

Find detailed calculation in the attached.

Please note the line color-coded blue.

Benning Manufacturing Company is negotiating with a customer for the lease of a large machine manufactured by Benning. The machine has a cash price of $980,000. Benning wants to be reimbursed for financing the machine at a 9% annual interest rate. (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.) Determine the required lease payment if the first of 10 annual payments will be made immediately and Benning will be able to sell the machine to another customer for $50,000 at the end of the 10-year lease.

Answers

Solution:

PVA = Annuity amount × Annuity factor

Annuity amount =  [tex]\frac{PVA}{Annuity factor}[/tex]

Annuity amount =

                              [tex]\frac{980,000}{7.36009}[/tex]

**Present value of an ordinary annuity of $1:n= 10, i= 6% (from PVA of $1)

Annuity amount = $108,694 = Lease payment

ebali Corporation, a calendar year taxpayer utilizing the completed contract method of accounting, constructed a building for Samson, Inc., under a long-term contract. The gross contract price was $2,300,000. Jebali finished construction in 2016 at a cost of $2,100,000. However, Samson insisted that Jebali redo the doorway; otherwise, the contract price would be reduced. The estimated cost of redoing the doorway is $80,000. In 2017, the dispute is settled and Jebali fixed the doorway at a cost of $65,000.

A) How much must Jebali include in gross income? What amount of deductions is Jebali allowed for 2016?
B) In 2017, how much must Jebali include in gross income? What amount of expenses can Jebali deduct in that year?

Answers

Answer:

Explanation:

                                                   2016                                   2017

Contract price                   =     2300000                           2300000

Cost to date                       =    (2100000)                         (2160000)

Further estimated Cost    =     (80000)                                    0

Profit                                   =    120000                                140000

Stage of completion         =  2100/2180 = 96.33%                 100%

As at Profit and loss

Revenue    2300*96.33      =   2215596.33                           2300000

Profit           120*96.33        =   -115596.3303                          -140000

Cost of Sales                       =    2100000                                2160000    

For the period profit and loss

Revenue                              =     2215596                           84404

Cost of sales                       =    (2100000)                          60000                                

Profit                                    =     115596                                24404

After Hiroshi’s client informs him that she was denied an apartment lease due to her race, he refers his client to the free legal clinic available to university students. This is an example from the ACA Advocacy Competency domain of_____________.a. Client\/Student Empowerment.b. Client\/Student Advocacy.c. Community Collaboration.d. Social\/Political Advocacy.

Answers

Answer:

The correct answer is letter "B": Client/Student Advocacy.

Explanation:

The American Counseling Association (ACA) Advocacy Competency describes the set of capabilities counselors can use to help students, clients or individuals of a population in front of cases problematic cases.  

The Client/Student Advocacy refers to the power counselors have to act on behalf of students and clients in cases where the counselor has access to systems or processes students or clients do not. This advocacy is also useful when the clients do not want to engage in advocacy because they are afraid of retaliation.

The statement of cash flows is: Multiple Choice A financial statement that lists the types and amounts of assets, liabilities, and equity of a business on a specific date. Another name for the statement of financial position. A financial statement that presents information about changes in equity during a period. A financial statement that lists the types and amounts of the revenues and expenses of a business for an accounting period.

Answers

Answer:

The correct answer is: None of the above.

Explanation:

The Cash Flow Statement or Statement of Cash Flows shows how good a company manages its inflows and outflows of money over a certain period. It represents the ability firms have to generate cash to pay their debt. In this report, the cash flows are classified as operating activities, investing activities, or financing activities.

You want to purchase a new motorcycle that costs $29,800. The most you can pay each month is $510 over the life of the 78-month loan. What is the highest APR that you could afford

Answers

Final answer:

To find the maximum APR for a loan of $29,800 to be repaid in 78 monthly installments of $510, you can use an APR calculator. However, the actual APR will depend on specific loan terms like whether the loan is compounded monthly or annually.

Explanation:

In this case, you are basically looking for the Annual Percentage Rate (APR) for a loan of $29,800 that you want to repay in 78 monthly installments of $510 each. Unfortunately, without additional information, such as whether the loan is compounded monthly or annually, it's impossible to provide a specific APR. However, you can use an APR calculator, which are readily available online, to find the highest APR you could afford given the specified loan amount, loan term, and monthly payment. Just remember that the lower the APR, the less you'll pay in interest over the life of the loan.

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The highest APR that you could afford to make the $510 monthly payment over 78 months for a $29,800 loan is approximately 9.5%.

To find the highest Annual Percentage Rate (APR) that you could afford for a motorcycle loan, given that you can pay $510 per month over a 78-month loan term, we can use the formula for calculating monthly loan payments:

[tex]\[ P = \frac{r \times PV}{1 - (1 + r)^{-n}} \][/tex]

Where:

- ( P ) is the monthly payment ($510 in this case).

- ( r ) is the monthly interest rate (APR divided by 12 months).

- ( PV ) is the present value or loan amount ($29,800 in this case).

- ( n ) is the number of months (78 months in this case).

We want to find the highest APR, which means finding the highest monthly interest rate ( r ) that allows us to make the $510 monthly payment over 78 months. We can solve this equation for \( r \) using numerical methods like trial and error or using financial calculators or spreadsheets.

Let's set up the equation and solve for ( r ):

[tex]\[ 510 = \frac{r \times 29800}{1 - (1 + r)^{-78}} \][/tex]

Using numerical methods, we can find that the highest APR that you could afford to make the $510 monthly payment over 78 months for a $29,800 loan is approximately 9.5%.

Boston Company purchased equipment by signing a noninterest-bearing note with a face value of $64,800. The list price of the equipment is $50,000. Prepare the appropriate journal entry to record the purchase of the equipment.

Answers

Answer:

_____________________                             __________________

Equipment $50,000  Debit

Discount on Note Payable $14,800 Debit  

                                                                          Note Payable $64,800 Credit

___________________                                 ___________________

Explanation:

The equipment that the boston purchased is an asset that have to debit the company in the journal entry. When an asset increase you have to debit the account. Therefore $ 50.000 equipment is a debit.

The noninterest-bearing note $64,800 its a note payable that you have to credit on the journal entry for being a liability.

With the purchased there is a discount on note payable,this is the difference of 64,800- 50,000 of the equipment purchased and so the discount is = $ 14,800.

Silicon Valley in California is the world center for the computer and semiconductor industry and has many of the world's major computer and semiconductor companies located close to each other there. This provides the location-specific advantage of

Answers

Answer:

Externalities

Explanation:

When we discuss externalities, we refer to specific benefits or costs an organisation enjoys or suffers as a third party as a result of having no direct control over how those benefits or costs are created.

Externalities are both positive (benefits) or negative (costs), they can also be private (to an individual or a business) or public (affect the enitre society)

When a computer based organisation is based in Silicon Valley, the advantages to business it enjoys as a result of that location is the location-specific advantage of Externalities.

According to the World Bank, E.U. remittances to Senegal were $ 1,005,728,139 in 2015. Senegal's gross domestic product (GDP) was $ 13,779,570,750 in 2015. What percentage of Senegal's 2015 GDP is represented by the remittances? Round your answer to one place after the decimal.

Answers

Answer:

7.3%

Explanation:

To determine the percentage of Senegal's 2015 GDP that is represented by the remittances you have to divide the remittances by Senegal's GDP:

Remittances: $ 1,005,728,139

GDP: $ 13,779,570,750

$ 1,005,728,139/$ 13,779,570,750= 0.073*100= 7.3%

The percentage of Senegal's 2015 GDP that is represented by the remittances is 7.3%.

Look at the following regression output.

Y = Dealer List Price and X = Dealer Invoice Price

Regression Statistics

Multiple R 0.90482

R Square 0.81871

Adjusted R Square 0.773392

Standard Error 0.618233

Observations 6



Coefficient Standard Error t stat P-value

Intercept -3.8844 4.16062 -0.9336 0.4036

Invoice Prices 1.41776 0.33357 4.2502 0.0136

How much of the variability in Dealer List Prices is explained by Dealer Invoice prices?

a.
82%

b.
1%

c.
40%

d.
90%

Answers

Answer:

a.  82%

Explanation:

From the question, the R-squared of 0.81871, or 82% approximately reveals the level of variability in Dealer List Prices that is explained by Dealer Invoice prices.

In econometric and statistical analysis, R-squared statistic shows the percentage of variation or variability in the dependent variable that is explained by or accounted for by the explanatory variables in a model. Thus, if the explanatory power of the model is high (e.g. 80%), it implies that the included explanatory variables are good predictors of the dependent variable.

In this question, Dealer List Prices which is the dependent variable is therefore explained by 82% by Dealer Invoice prices which is the explanatory or independent variable.  

The 82% which is high also shows that Dealer Invoice prices are good predictors of Dealer List Prices.

Bob, age 17, has entered into a contract to buy a car. The contract is: a. voidable. b. void. c. voidable only if Bob can return the car. d. enforceable since it is for a necessary. e. none of the above

Answers

Answer:

The correct answer is letter "A": voidable.

Explanation:

Voidable contracts are those that cannot be enforced because one or the two parties involved are not legally eligible to go on in such an agreement. Reasons to void a contract include but are not limited to failure to disclose material facts, legal incapacity to enter a contract or inconsistent contractual terms.

Thus, Bob's contract to purchase a car is voidable since he is legally incapable of signing agreements due to his age (17 years old).

05) Assume that prices and wages adjust rapidly so that the markets for labor, goods, and assets are always in equilibrium. What are the effects of each of the following on output, the expected real interest rate, and the current price level? (a) a temporary increase in taxes (b) a reduction in the effective tax rate on capital (c) an increase in expected inflation

Answers

Answer:

Explanation:

a. A temporary increase in government purchases would result in a  reduction in savings, which would, in turn, lead to the implementation of higher taxes by the government so as to match prices and wages.

This would: make output to remain unchanged, real interest to increase and current price level to increase as well.

b. A reduction in expected inflation would lead to an increment in the demand for real money, as people do not expect inflation to increase for a while. Thus, more demand creates a reduction in the price level. Everything else remains unchanged. This would: make output remain unchanged, real interest remain unchanged and the current price level to decrease.

C. A temporary increase in labor supply would make more people have jobs and therefore more people can save. If more people save the interest rates are liable to decrease therefore money demand will increase. This would: make output to increase, real interest to decline and current price level to decrease.

d. An increase in the interest rate paid on money will lead to a higher demand for money. With an unchanged nominal money supply and higher money demand, the price would decline but everything remains unchanged. This would make: output remain unchanged, real interest remains unchanged and the current price level decrease.

On January 1, C company sells 50,000 shares of $3 par common stock for $5. It does not issue any preferred stock. Later on the company buys back 10% of its common shares outstanding for $7 per share. Total equity on December 31 is $300,000. What is retained earnings on December 31

Answers

Answer:

$85,000

Explanation:

Given that,

Shares sold = 50,000 shares of $3 par common stock for $5

Buys back = 10% of its common shares outstanding for $7 per share

Total equity on December 31 = $300,000

Balance in stockholder's equity without retained earnings:

= Beginning balance in stockholder's equity + Increase in stockholder's equity - Decrease in stockholder's equity

= $0 + (50,000 × $5) - (50,000 × 10% × $7)

= $250,000 - $35,000

= $215,000

Retained earnings on December 31:

= Total equity at December 31 - Balance in stockholder's equity without retained earnings

= $300,000 - $215,000

= $85,000

Sarah's Muffler Shop has one standard muffler that fits a large variety of cars. Sarah wishes to establish a reorder point system to manage inventory of this standard muffler. Annual demand 3,500 mufflers

Answers

COMPLETE QUESTION:

Sarah’s Muffler Shop has one standard muffler that fits a large variety of cars. Sarah wishes to establish a reorder point system to manage inventory of this standard muffler. Use the following information to determine the best order size:

(The attachment contains the information)

Answer: 216 mufflers is the best order size.

Explanation:

The attachment contains the calculations and information.

Leslie, who is single, finished graduate school this year and began repaying her student loan. The proceeds of the loan were used to pay her qualified higher education expenses. She has not received any type of educational assistance or scholarships. The amount of interest paid during the year amounted to $3,800. What is the amount and classification of her student loan interest education deduction if her modified AGI is $40,000?

Answers

Answer:

$2,500 from AGI

Explanation:

Given:

Adjusted Gross income = $40,000

Amount of interest pay = $3,800

According to the federal law of deduction from income tax, passed out students can take a deduction from their annual AGI payment up to $2,500, but to avail, this deduction students income must be under in specified range.

Modified Adjusted Gross income under this law must be less than $80,000.

Final answer:

The amount and classification of Leslie's student loan interest education deduction depends on her modified AGI. If her modified AGI is $40,000 or less, she can claim a deduction for up to $2,500 of student loan interest paid during the year.

Explanation:

The amount and classification of Leslie's student loan interest education deduction would depend on her modified AGI. If her modified AGI is $40,000 or less, she can claim a deduction for up to $2,500 of student loan interest paid during the year. However, the deduction is reduced if her modified AGI is between $40,000 and $70,000, and completely phased out if her modified AGI is $70,000 or more.

In this case, since Leslie's modified AGI is $40,000, she would be eligible to claim the full deduction of $3,800, as her modified AGI is below the phase-out threshold. This deduction can help reduce her taxable income and potentially lower her tax liability.

Refresh produces soft drinks and sodas. Production of 103,000 liters was started in February, 88,000 liters were completed. Material costs were $52,020 for the month while conversion costs were $32,580. There was no beginning work-in-process; the ending work-in-process was 40% complete. What is the cost of the product that remains in work-in-process?a.$54,600 b.$51,000 c.$46,410 d.$38,220

Answers

Answer:

$79200

Explanation:

Equivalent production

=$88000+[40%*(103000-88000)

=94 000 units

Cost per unit

=(52020+32580)/94 000

=$0.9

Costs=88 000* $0.9

          =$79 200

the lease on a new office requires an immediate payment of $24,000 (in year 0) plus $24,000 per year at the end of each of the next 10 years. at a discount rate of 14 percent, what is the present value of this stream of lease payments?

Answers

Answer:

The answer is: $ 20,640 every year.

Explanation:

Leasing a new office requires an immediate payment of $ 24,000 (in year 0), plus $ 24,000 per year at the end of each of the next 10 years, which would be a total of $ 240,000 in 10 years, with a fee Discount of 14 percent, would be 240,000 x 0.14 = $ 33,600 in those 10 years, which would be $ 3,360 annually, which subtracted from the $ 24,000 annually would be a total of: $ 20,640.

The answer is: $ 20,640 every year.

The automobile industry in a developing country has very few sellers. If one automobile company raises the prices of its trucks by a certain amount, other automobile companies in the industry follow by raising prices by a similar amount.
This situation is an example of:

A. pure competition.
B. an oligopoly.
C. monopolistic competition.
D. a monopoly.
E. a monopsony.

Answers

Answer:

The correct answer is B. an oligopoly.  

Explanation:

An oligopoly is a market structure where there are few relevant competitors and each of them has some capacity to influence the price and amount of equilibrium.

In the oligopoly, competitors have market power, but at a lower level than in the case of monopoly. This, since, instead of having only one bidder, there is a small group of companies.

This means that although each of the companies has an influence on the market price and quantity (they do not take it as given), the freedom to choose the level of these variables is limited by the existence of other competing firms. A special case of oligopoly is the duopoly, where there are only two bidders.

Answer: b. An oligopoly

Explanation: An oligopoly is an economic condition in which a small number of sellers exert control over the market of a commodity. The firms in an oligopoly collude, to either restrict output or fix prices and sometimes both, in order to achieve above normal market returns, higher than that of a competitive market. None of the firms however can keep the others from having significant influence. Now firms in an oligopoly set prices of goods and services collectively or under the leadership of one firm. They do not take prices from the market. Thus, if one automobile company raises the prices of its trucks by a certain amount, other automobile companies in the industry are likely to follow by raising prices by a similar amount.

You are the IT project leader for Baker Manufacturing Company and have been assigned the task of leading a project team to design and implement a new global IT infrastructure between the Baker Manufacturing Company data centers.
Identify who should be on the project team and describe why you chose each member. Include references to support your comments in APA format.

Answers

Answer:

to design and implement a new global IT infrastructure between the Baker Manufacturing Company data centers, I will need a Business  Analyst , web developer, Software Engineer , Data processor, Front end and back end developers, UI/UX personnel, Cyber security specialist, networking engineer, maintenance engineer, testers, marketers and Administrative officer.

Explanation:

The personnel outlined above will fit into the following sub units that will facilitate a seamless leadership on my end.

Production: To design and create a new global IT infrastructure, the services of a web developer, software engineer, front end and back end developers, UI/UX personnel will come in handy.Operations : the supporting activities that efficiently maintain the IT infrastructure will be handled by Data processor, cyber security specialist, networking engineer and maintenance engineer.Administration : to ensure implementation and evaluation of the business’s plans/operations, i will supervise the project with an administrative officer supporting me.Marketing/sales: After the first draft, Testers and marketers will be deployed to effectively generate qualified leads and give us feedback/evaluation before we can adopt the design and make it ready for presentation.

References:  (june 29, 2018 "the ideal structure for IT project team" https'//www.ciorsc/com)

you have 10 pairs of socks,five black and five blue,but they are not paired up.instead they are all mixed up in a drawer.it is early in the morning and you do not want to turn on the light.


1. how many socks must you pull out to guarantee that you have a pair of one color?

2. how many must you pull out to have two good pairs(each pair is the same color)?

3. how many must you pull out to be certain that you have a pair of black socks? use a systematic approach to list all possible outcomes as a way to justify the answer in each case.

Answers

The answer for

1) 3 socks

2) 5 socks

3) 1 pair of socks

Explanation:

1) In the second trial, you choose one color, you say black, first, and second, say blue. The third sock you're taking out now has two black or brown. Therefore, you must draw at least 3 socks to ensure that you have a single color pair..

2) You get black first.

You're pulling out brown, second.

You tear down charcoal, Thrid.

Second, you cut out charcoal. (one pair complete)

Second, you're only heading out. (2 pairs full) Thus, you have to take out at least 5 socks to guarantee two pairs in the same colour.

3) You want 1 pair of black socks

The worst case is:  [ 5 blu ]

The 6th pick guarantees you will have 1 pair of black socks

Josh Turner has done some research and has found that the population in the U.S. is aging, and this means that there will be an increased need for health care professionals in the future. This is an example of __________ influencing jobs in the future.

Answers

Answer:

demographic trends

Explanation:

Demographic trends -

Demography refers to the study of structure , size , distribution of the population , is referred to as demographic trends .

It is a type of statistical study , specifically humans .

All the trends about the human population is known as demographic trends .

Various factors like , life death , migration , aging etc. , is included in the demographic trends .

Hence , from the given scenario of the question ,

Then correct answer is demographic trends .

Robusta Coffee Importers sold 6 comma 000 units in October at a sales price of $ 35 per unit. The variable cost is $ 15 per unit. The monthly fixed costs are $ 10 comma 000. What is the operating income earned in​ October?

Answers

Answer:

Operating Income= $110,000

Explanation:

Giving the following information:

Robusta Coffee Importers sold 6,000 units in October at a sales price of $35 per unit. The variable cost is $ 15 per unit. The monthly fixed costs are $10,000.

The operating income is the difference between the contribution margin and the fixed costs:

Contribution margin= selling price - unitary variable cost

Operating income= Total contribution margin - fixed costs

OI= 6,000*(35 - 15) - 10,000= $110,000

Operating income earned in October is $110,000, calculated as total revenue minus total variable costs and fixed costs.

To calculate the operating income earned in October, we need to determine the total revenue and the total expenses.

Step 1:

Calculate total revenue:

Total revenue = Sales price per unit * Number of units sold

Total revenue = $35/unit * 6,000 units = $210,000

Step 2:

Calculate total variable costs:

Total variable costs = Variable cost per unit * Number of units sold

Total variable costs = $15/unit * 6,000 units = $90,000

Step 3:

Calculate total fixed costs:

Total fixed costs = $10,000

Step 4:

Calculate operating income:

Operating income = Total revenue - Total variable costs - Total fixed costs

Operating income = $210,000 - $90,000 - $10,000

Operating income = $110,000

Therefore, the operating income earned in October is $110,000.

Fuller Company makes frames. A customer wants to place a special order for 600 frames in green with the company logo painted on the frame, to be priced at $40 each. Normally, Fuller would charge $90 per frame for this type of order. Fuller figures that wood and glass will cost $16 per frame, variable overhead (machining, electricity) is $4 per frame, direct labor is $12 per frame, and one setup will be required at $1,000 per setup. The set-up charge costs are 100% labor. Currently, the workers needed to set up for and make the frames are working at Fuller. Their wages will be paid whether or not the special order is accepted. Fuller's policy is to avoid layoffs to the extent possible.

Which of the following is a qualitative factor that Fuller would consider in making the decision to accept or reject the special order?

a. the no-layoff policy
b. cost of setup labor
c. cost of yarn and backing
d. the machining and electricity
e. the use of machinery

Answers

Answer:

The qualitative factor which Fuller will consider for this order is:

b. Cost of setup labor.

Explanation:

Answer:

The qualitative factor which Fuller will consider for this order is:

b. Cost of setup labor.  

B. Cost of setup Labor: It includes salaries that are been paid to all workers working as full time and part time  

While the number of wages and the number of employees wage requirements vary by cost controls, their industries and the center on achievment of their best results with possible lower labour costs.

As any  leader of the company knows the things related to it that, the most important and biggest cost of doing any sort of  business is often labor. Cost of labor setup, which may account for as 70% of almost total business costs which include wages of the employees,their benefits, payroll and all other taxes related to them.  

Any HR professionals spend only  their 15% of time managing the labor costs. Engaging new employees, hiring new and efficient workers and developing them over their course of their career are always top of mind for HR professionals.

So, the most important point here is the cost labors setup.

When a public transit system (such as a subway or bus line) raises its fares, its total revenue may increase. This suggests that demand is: price unit-elastic. price-elastic. unstable. price-inelastic.

Answers

Answer:

Price Inelastic

Explanation:

Public transport systems are a necessity which consumers are unable to do away with easily. Therefore when prices are raised consumer habits remain the same. Inelastic refers to unchanging consumer habit even when prices change.

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