Answer:
A) Salaries Payable
Explanation:
The Balance sheet consists of all assets and liabilities account and the personal account whereas. Since employees had worked for last two weeks in Dec and their payment is still due on Dec 31 so it’s a liability on part of company account and its recognized in form of salaries payable and shown under current liability side.
Acme Steel Co. produces 1,000 tons of steel. Steel sells for $30 per ton. Acme pays wages of $10,000. Acme buys $15,000 worth of coal, which is needed to produce the steel. Acme pays $2,000 in taxes. Acme's contribution to GDP is A. $30,000. B. $20,000. C. $45,000. D. $15,000.
Answer:
Option (D) $15,000
Explanation:
Data provided in the question:
Steel produced by Acme steels = 1,000 tons
Selling cost of steel = $30 per ton
Wages paid = $10,000
Market price of the coal bought = $15,000
Amount paid in taxes = $2,000
Now,
The contribution is made to the GDP when the goods is sold or purchased at market price.
Thus,
The transaction relating to the purchase of coal by Acme steels will contribute to GDP
Hence,
Acme steel co. contribution to the GDP = $15,000
Option (D) $15,000
At December 1, 2017, Swifty Corporation Accounts Receivable balance was $12770. During December, Swifty had credit sales of $34200 and collected accounts receivable of $27360. At December 31, 2017, the Accounts Receivable balance is _____________.
a) $19610 credit
b) $1 debit
c) $46970 debit
d) $19610 debit
Answer:
a) $19610 credit
Explanation:
Given: Accounts receivables as on Dec 1, 2017 = $12770
Credit sale during the month = $34200
Collections during the month = $27360
Accounts Receivable balance at the end of the month = Opening Accounts Receivable balance + credit sales during the month - cash collected during the month
= $12770 + $34200 - $27360
Accounts Receivable balance as on Dec 31, 2017 = $19610 credit
Specializing in the production of a good or service in which one has a comparative advantage enables a country to do all of the following except A. increase the quantity of products that it can consume with no increase in resources. B. engage in mutually beneficial trade with other nations. C. produce a combination of goods that lie outside its own production possibilities frontier. D. consume a combination of goods that lie outside its own production possibilities frontier.
Answer:
C. produce a combination of goods that lie outside its own production possibilities frontier
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared with other countries.
Producing outside a production possibility frontier is impossible. Efficient production takes place on the production possibility frontier.
By importing goods from trade partners , a country can increase the quantity of products that it can consume with no increase in resources.
I hope my answer helps you
Final answer:
Countries specializing in production based on comparative advantage cannot produce a combination of goods that lie outside their own production possibilities frontier, but they can engage in mutually beneficial trade, increase consumption without more resources, and consume beyond their production limits.
Explanation:
Specializing in the production of a good or service in which one has a comparative advantage enables a country to do a variety of things that promote economic efficiency and trade benefits. The question asks about what such specialization does not allow a country to do. We know that specialization and trade based on comparative advantage allow countries to increase the quantity of products they can consume without an increase in resources (A), because they are producing where they are most efficient. This specialization also enables countries to engage in mutually beneficial trade (B), since they can exchange what they produce efficiently for goods another country produces more efficiently, making both parties better off. Lastly, it allows countries to consume a combination of goods that lie outside their own production possibilities frontier (D), meaning they can enjoy a greater variety of goods and services than they could by just relying on domestic production.
However, what specialization based on comparative advantage does not enable a country to do is produce a combination of goods that lie outside its own production possibilities frontier (C). A country's production possibilities frontier represents the maximum production capability with the available resources and technology. While trade lets countries consume beyond their production possibilities frontiers through imports, it does not change the physical or technological constraints that limit their production capacity.
True or false: Accumulated Depreciation is a contra-account to a long-lived asset account, such as Equipment. This means that it is added to the balance of the long-lived asset in the balance sheet.
Answer:FALSE
Explanation: Accumulated depreciation is a negative account (contra-account) which Describes the total depreciation amount allotted to an asset since it is put into use. Accumulated depreciation is not added to the balance of the long lived asset in the balance sheet.
When an organization prepares it's balance sheet,it ensures that the depreciation schedule is recorded for all it's assets ensuring that both the cost of the equipment and it's depreciation is documented accordingly. Accumulated depreciation reduces the value of the assets in the balance sheet when added.
Jennifer is the only employee of her sole proprietorship. She is entertaining the idea of hiring an additional employee. She knows that on her own she can produce 100 units per day. Jennifer figures that Applicant A wi help her produce 175 units per day whereas Applicant B will help her produce 155 units per day. Which of the following statements is most accurate? A. Applicant B has a marginal product of 75 units. B. Applicant B has an average product of 77.5 units. C. Applicant A has a marginal product of 75 units. D. Applicant A has an average product of 87.5 units.
Applicant A has a marginal product of 75 units.
Explanation:
The term "marginal productivity" applies to the extra additional outcome of one work unit; all other inputs are retained continuously. The plant remains the same in terms of technology and production.
The additional sewn jeans, which are produced by recruiting an extra worker for instance, are the marginal productivity.
The formula for the marginal product is that it corresponds to the change in the total number of units produced, which is divided into one variable.
For example, assume that a production line produces 100 toy cars in an hour and adds a new machine.
Final answer:
The most accurate statement is that Applicant A has a marginal product of 75 units, as this is the additional output produced with Applicant A's help (175 - 100).
Explanation:
The question relates to the concept of marginal product, which is the additional output from employing one more worker. Given that Jennifer alone can produce 100 units, and with Applicant A she can produce 175 units, the marginal product of Applicant A would be the difference which is 75 units. Similarly, with Applicant B, the total production is 155 units, so Applicant B's marginal product is 55 units (155 - 100). The statement that Applicant A has a marginal product of 75 units is most accurate (Option C). The average product, which is the total output divided by the number of workers, isn't correctly represented in any of the options.
Suppose the civilian non-institutional population equals 250,000; there are 132,500 employed persons and 10,000 unemployed persons. How many people are not in the labor force?
Answer:
107,500
Explanation:
The civilian non-institutional population can be divided into two groups;
1)Individuals in the labor force
11) Those not in the labor force
Those in the labor force will include the employed and the unemployed.
In the scenario, those in the labor force will be 132,500 employed persons and 10,000 unemployed persons.
I.e., 132,500 + 10,000 = $42,500
Those not in the labor force will be the population - those in the labor force.
I.e., 250,000-142,500= 107,500
Those not in the labor force will be 107,500
ClearCall Corporation makes phones, which are sold to consumers by DefDeals stores. Erna files a product liability suit against ClearCall, alleging a design defect. In deciding whether to hold ClearCall liable, the court may consider ________.a. Erna's intended use for the phone.
b. DefDeals' method of accounting.
c. ClearCall's quality control efforts.
d. an available alternative design
Answer:
c. ClearCall's quality control efforts.
Explanation:
Erma's claim alleging design defect can only be verified by reviewing ClearCall's quality control efforts.
Quality control is the process by which a manufacturer ensures that his products is below a minimum level of defects.
For example Six Sigma is a popular quality standard that aims at having below 3.4 defects per million of product.
Janet, the CEO of Kellyntus, an e-commerce fashion site, makes a media announcement about the company's decision to acquire Shoetoppin, an e-commerce footwear site. In the context of managerial roles, which of the following roles does Janet illustrate in this scenario?
a. Leader role
b. Liaison role
c. Disseminator role
d. Spokesperson role
Answer: Spokesperson Role.
Explanation:
Janet in her media announcement about the company acquisition of another company has served as the spokesperson of the organization in that situation. A spokesperson is an individual that relates the activities of an organization to the public.
"The owner of Elixir Force Inc. received the most prestigious corporate award and was also titled as ""the most outstanding new entrepreneur of the year."" In the context of people-based legitimacy, this is typically an indicator of:"_________A. Brand equityB. Public recognition**C. Business network membershipD. Experiential supports
Answer:
B. Public recognition
Explanation:
Legitimacy, in its primary sense, means acceptance.
People-based legitimacy revolves consensual acceptance of a particular individual by some group of people. This people-based legitimacy can be relayed to an individual through public recognition. Before anyone can enjoy people-based legitimacy, they must have done something worthwhile.
In the case of the owner of Elixir Force Inc receiving an award for most outstanding new entrepreneur of the year, it is clear that he is enjoying public recognition in context of people-based legitimacy.
Final answer:
The prestigious award and title given to the owner of Elixir Force Inc. signify public recognition, which can elevate the entrepreneur's prestige and legitimate power. This reflects positively on their leadership, contributing to both personal and organizational reputation and business network membership.
Explanation:
The owner of Elixir Force Inc. being titled as "the most outstanding new entrepreneur of the year" and receiving the most prestigious corporate award is typically an indicator of public recognition. Such awards enhance the individual's prestige and are often a result of positive experiences, contributions to the industry, or innovative achievements. These awards can contribute to a sense of commitment to the company and boost the owner's legitimacy by showing the respect and esteem with which they are held by peers and the business community.
Awards like this have also been related to leadership emergence and effectiveness, signaling that the entrepreneur is viewed as a leader by others. Also, these kinds of recognitions contribute to name recognition, which is beneficial for both the individual and their company, often leading to media coverage and a competitive advantage. Positive reinforcements such as these can signal a healthy capitalist economy where innovation and good customer service are rewarded.
Prestige is closely tied to one's reputation and esteem within society and is often associated with one's position or accomplishments. By earning such a renowned award and public acknowledgement, the entrepreneur advances his/her image and social capital, which may open doors to better business network membership and could possibly provide internal and external support from a powerful elite. Legitimate power often accompanies these indicators, giving the leader an officially recognized status or title that can enhance their influence within their industry.
You've been tasked with marketing a new line of plumbing services, but you have a set budget you can't exceed. Why is Google Ads a viable option? a. Google Ads allows you to cap the number of ads you pay for, based on your business. b. Google Ads offers separate auctions for low budgets. c. Google Ads guarantees phone calls to your business. d. Google Ads gives you control over your budget.
Answer:
d. Google Ads gives you control over your budget.
Explanation:
As the services work with daily budget the company can chose every day to change the amount of advertizement into the campain Making more ads at lauch and then decreasing overe the following days.
This is not posible in other methods as the radio fee or TV fee are purchase per broadcast or per month thus, the company either pays the fee or the product doesn't get the add.
On gogle add the company decide the amount. Which clearly is a better deal for small and medium firm and even larger firm as well.
G o o gle Ads presents a viable option for marketing a new line of plumbing services within a set budget due to its unique features. Option D is correct.
How to explainThe correct answer is d. G o o gle Ads provides precise control over your budget, allowing you to set spending limits that align with your financial capacity.
This flexibility enables you to manage costs effectively while reaching potential customers through targeted ads. Unlike guaranteed phone calls (c) or separate auctions for low budgets (b), G o o g le Ads empowers businesses by allowing them to cap expenses, ensuring efficient allocation of resources and maximizing the impact of advertising efforts within the defined budget constraints.
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A customer has a broadly diversified stock portfolio with a current market value of $2,500,000. The customer wishes to hedge the portfolio against a market decline. The customer should:________
A. sell short the exact same stock positions as those held in the portfolio
B. sell 100 SPX 2500 Calls
C. buy 100 SPX 2500 Puts
D. sell long the exact same stock positions as those held in the portfolio
Answer:
C) buy 100 SPX 2500 Puts
Explanation:
SPX stock is based on the Standard and Poor's stock index, so if the investor is worried about a market decline, if he purchases put options and the marker declines, he/she will actually earn money. Each SPX 2500 contract covers approximately $250,000 of portfolio value, so if the investor purchases 10 put options then the whole portfolio would be covered.
Before you begin to compose a message, you should conduct research to collect the necessary information. to avoid frustration and inaccurate messages, be sure to consider the receiver's position. which questions should you ask yourself before determining what and how to research?
Explanation:
Here are some general guidelines for composing a message,
Be politeWrite in simple and understandable termsEnsure whether the intention of the mail is written clearly in the "subject" lineElaborate the purpose of writing the mail and the content is reader-friendly or receiver-friendlyAvoid using harsh wordsCheck for spellings and grammarCheck whether attachments are included before sending the mailCheck for "CC: carbon copy" which needs to be includedMartha is walking from her office building to her car in a torrential downpour with an umbrella manufactured by Umbrellas USA, Inc. She is struck by lightning and files suit, claiming the manufacturer failed to include a warning. A court would likely find that:
a. there is no duty to warn about risks that are obvious or commonly known, such as the risk of lightning occurring during a rainstorm.
b. the plaintiff was partially at fault under the doctrine of comparative negligence.
c. the seller should have provided a warning because of the foreseeable misuse of an umbrella in a rainstorm with lightning.
d. the umbrella should have included a warning label against using an umbrella in a lightning storm.
Answer:
Option "A" is the correct answer to the following statement.
Explanation:
Under the justification, There is no obligation to inform of obvious or generally known hazards, including the risk of lightning, wildfire, flood And heavy thunderstorm during rain.
In the case of Martha, she got hit by lightning and suit a case on Umbrella USA. inc. , so it is negligible
So Martha will get nothing as compensation.
The question relates to product liability and a manufacturer's duty to warn about potential dangers. The court would likely find that there is no duty to warn Martha about the risk of being struck by lightning during a rainstorm, as it is a commonly known risk. This follows the principle that manufacturers are not required to warn about obvious or commonly known risks.
Explanation:The legal issue in this question is related to product liability and warning. Martha might argue that the manufacturer has failed to give a warning about an inherent risk that was not obvious or commonly known. This leads us to the principle that there is no duty to warn about risks that are obvious or commonly known.
It's common knowledge that holding a metal object such as an umbrella during a lightning storm can increase the risk of being struck by lightning. Therefore, the court would likely find that there is no duty to warn about risks that are obvious or commonly known, such as the risk of lightning occurring during a rainstorm, following the option a.
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Which costs can be directly traced to the product being manufactured? Group of answer choices Direct Costs Period Costs Sunk Costs Fixed Costs
Answer:
The correct answer is: direct costs.
Explanation:
The direct costs are the costs that can be easily traced to the goods or services or projects. It includes material and labor cost and distribution cost incurred in the production of a product.
It is contrasted to indirect costs which cannot be traced to a product and is not directly linked to a product.
The sunk costs are cost which has already been incurred are no longer relevant for economic decisions.
Fixed costs are the costs that do not vary with the change in the volume of product.
So, the direct cost is the correct answer.
Assume that strawberries cost $1 and apples cost $2. If a consumer has $16, the bundle of goods that would maximize his utility per dollar and remain within his budget would be:________
a. 6 strawberries and 5 apples.
b. 2 strawberries and 3 apples.
c. 6 strawberries and 1 apples.
d. 0 strawberries and 4 apples.
Answer:
a. 6 strawberries and 5 apples.
Explanation:
$16 = 1s + 2a
Where s = strawberry and a = Apple
The above equation represents a budget constraint.
The bundle that would maximise utility:
$16 = 1(6) + 2(5)
16 = 6 + 10
I hope my answer helps you
Answer:
A) 6 strawberries and 5 apples.
Explanation:
If you have $16, your consumption possibilities frontier would be 8 apples or 16 strawberries, but other possible combinations include:
apples strawberries
8 0
7 2
6 4
5 6
4 8
3 10
2 12
1 14
0 16
Any of the above combinations should maximize the consumer's utility and remain within his budget.
suppose, due to favorable weather, the crop in 2012 is 330 tons. in percentage terms, how much bigger is the 2012 crop over the 2007-2011 average?
Answer:
32%
Explanation:
Year Production (in tons)
2007 200
2008 240
2009 260
2010 300
2011 250
The average crops during 2007-2011 = (200 + 240 + 260 + 300 + 250) / 5 = 1,250 / 5 = 250 tons per year
If the 2012 crop is 330, it is 32% percentage larger [= (330 - 250) / 250] than the average crops between 2007-2011.
The crop of 2012 would be 32 percent greater than the crop over the 2007-2011 average.
How the difference in crop percentage would be calculated?
The average crops that were produced during 2007-2011:
[tex]\frac{200 + 240 + 260 + 300 + 250}{5} \\=250[/tex]
The crop in the year 2012 is 330, then average production of crops between 2007-2011 would be:
[tex]\frac{330 - 250}{250} \\=0.32*100\\=32[/tex]
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A ____, also called a SWOT analysis for strengths, weaknesses, opportunities, and threats, is an assessment of the strengths and weaknesses in an organization's internal environment and the opportunities and threats in its external environment.
Answer:
situational analysis
Explanation:
A SWOT analysis is just a situational analysis since it is dynamic and can change very rapidly.
For example, the strengths of a corporation (AKA core competencies) can become core rigidities or weaknesses. A former threat can become a current opportunity, and vice versa.
It SWOT analysis is made and is valid only for a certain a mount of time and should be continuously revised and updated. Specially now that technology is changing so fast and the world is shrinking, situations can change for good or worse very rapidly. E.g. the corona virus outbreak in China has changed all economic predictions for the current year, and we are in February.
A SWOT analysis is a strategic planning tool used by organizations to identify their strengths, weaknesses, opportunities, and threats. Strengths and weaknesses are internal factors while opportunities and threats are external factors.
Explanation:A SWOT analysis, standing for strengths, weaknesses, opportunities, and threats, is a strategic planning tool utilized to help organizations identify and understand key aspects in their internal and external environment.
The strength and weaknesses component of a SWOT analysis focus on internal factors, which includes resources, capabilities, and core competencies that the organization possesses. These could be skilled employees, strong brand, unique technology, etc. Weaknesses, on the other hand, are areas where the business may be lacking or in need of improvement.
On the other hand, opportunities and threats are external factors that the organization has little control over. Opportunities might be new markets, favourable regulations, etc. Threats could include changes in market trends, new competitors, or changes in governmental policy that could negatively affect the business.
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Greg is the CEO of a leading company in the consumer packaged goods industry. He is trying to grow his company for personal gain and wealth. However, Greg sees that his company has an opportunity to break into the chemical industry. He has decided to invest free cash flow into acquiring small chemical companies that have the potential of growth, if funded properly. Shareholders are not happy. Their case for wanting to cease these actions is that Greg is practicing ______.
The iron law of responsibility says that:____________
A. In the long run, those who do not use power responsibly will lose it.
B. In the short run, sacrifice social goals for economic goals.
C. Law is most important, more than social or economic responsibility.
D. In the long run, economic responsibility leads to social responsibility.
Answer:
The correct answer is (A)
Explanation:
According to iron law responsibility, the companies must use power to stay in the market and control it. These companies have three responsibilities; the first involvement is to run the business, the second involvement is to full-fill society objectives such as to perform social tasks like cleaning pollution. They also stay in the market and work to rebuild or transform the society which improves their goodwill.
The iron law of responsibility, in business ethics, suggests that ultimately, those who do not use power responsibly will lose it. It is a call for businesses to consider their actions over the long term and understand the potential consequences of irresponsible behavior.
Explanation:The iron law of responsibility is a term in business ethics and corporate social responsibility. The best answer choice that fits the description of the iron law of responsibility is, A. In the long run, those who do not use power responsibly will lose it. To put it simply, this law implies that businesses, or any organization with power and influence, are expected to take responsibility for their actions over the long term. If they fail to act responsibly, they might face consequences that result in the loss of their power, like a damaged reputation, consumers boycott, and stricter regulations impose by governments.
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A company mines 360,000 tons of coal per year in a rural county. The coal is worth $65 per ton. The average price for a 2,000-square-foot house with three bedrooms more than 20 km away from the mining site in this county is $220,000. The average price for a similar, 2,000-square-foot house with three bedrooms within 4 km of the mine is 8 percent lower. Using comparative statics, what is the effect of mining on home prices in this county?
Final answer:
Proximity to the mine decreases home values by 8 percent within a 4 km radius, resulting in an average price reduction of $17,600 for similar homes.
Explanation:
The question asks about the effect of mining on home prices in a rural county. To calculate the difference in home values based on proximity to the mining site, we first determine the average home price with 8 percent reduction:
Average Home Price within 4 km = $220,000 - ($220,000 * 0.08)
Average Home Price within 4 km = $220,000 - $17,600
Average Home Price within 4 km = $202,400
This shows that homes within 4 km of the mine are, on average, $17,600 cheaper compared to similar homes that are more than 20 km away. Using comparative statics, the effect of mining in this scenario is clear: proximity to the mine decreases home values by 8 percent within a 4 km radius.
Jerry is looking to buy a multi-family building. He would like to know much rent can be collected if the building were 100% occupied. Which line of the pro-forma should Jerry look to find this information?
Answer: The answer is potential revenue
Explanation:
The proforma statement is a income statement prepared to know the revenue and the expenses of the property within an accounting period. It shows the net income realised from the building at the end of the accounting period. Every investors wants a return on their investment, no investor will want to invest his capital in a business where their will be no return. The proforma statement help the investors in the purchase of a building to know what the investors expect to gain if the investors buy the building .
In the preparation of the proforma statement, the first item on the line is the potential revenue if the building were 100% occupied. Therefore the line in which Jerry can find the information he is looking for is the potential revenue line.
Jerry should examine the gross potential income line on the pro-forma to determine the total possible rent from a fully occupied multi-family building, considering the equilibrium price and price elasticity of supply.
Jerry is seeking to understand how much rent can be collected from a fully occupied multi-family building. To find this information, Jerry should look to the gross potential income line of the pro-forma, also known as potential rental income or gross scheduled income. This line item reflects the total amount of rent that could be collected if the property were 100% occupied and all tenants paid their rent at the current market rates. It is important for Jerry to consider the equilibrium price, as this determines the price where supply meets demand. Additionally, Jerry should consider the market conditions described in the provided references that illustrate how property owners might adjust the quantity of units available for rent based on anticipated rent levels and the price elasticity of supply.
A seasoned loan is a: (a)loan with a payment record. (b)long-term loan. (c)first encumbrance. (d)None of the above
Answer:
The correct answer is A
Explanation:
Seasoned loan is the loan which is defined as the loan that has been made out for at least a year, in which the borrower of the loan has a good history in relation to the payment of the loan. It is considered a sign that the loan will be unlikely to default. And it may command the higher prices on the secondary market.
In short, it is defined as the loan which has been paid on time and the adequate amount of time to give the lender, the belief that it will be continue in this way.
So, it is a loan with the payment record of the payments made by the borrower.
Stockholders equity: a. Represents the ownership of a company b. Is the equivalent of net assets c. Is also known as the book value of a company d. Is analyzed in detail in the statement of stockholders equity e. All of the above
Answer: e. All of the above
Explanation:
When calculating stockholders' equity we include the following; paid-in capital (preferred stock, common stock, paid-in capital in excess of par value - preferred stock, paid-in capital in excess of par value - common stock, paid-in capital from treasury stock), retained earnings, accumulated other comprehensive income and subtract treasury stock to give the Total stockholders' equity.
An industrial chemical manufacturer had a company culture and mission statement that emphacized cutting costs and increasing revenue by any legal means. A new executive to the company begins requiring each department to come up with specific goals and objectives to become more socially and environmentally responsible. Each department supplies the new executive with their plans to match her criteria, but after three months, none have been implemented. This is an example of:
Answer:
a company whose mission and culture are not aligned
Explanation:
A mission statement of a company refers to the short statement of why a company operates, what its overall objective is, defining the purpose of its operations: what kind of product or service it offers, its primary clients or sector, and its geographic region of operation.
Corporate culture relates to a business's character. This dictates the atmosphere for workers to work in. Culture of the business contains a variety of factors like workplace, purpose of the organisation, meaning, morals, priorities and objectives.
Thus, from the above we can conclude that the mission and culture of the organization in the given question contradicts each other.
distributable net income (DNI) for the Sampson estate is $20,000, including $3,000 of tax-exempt interest income. If the executor distributes $8,000 to the beneficiaries in a year other than the final year, what amount may be taken as a distribution deduction?
Answer:
$8,000
Explanation:
Income distribution deductions apply only to an estate or trust's distributable net income (DNI). In this context, the beneficiaries of an estate or a trust are taxed directly based on the money distributed to them. That means that the estate or trust can deduct distributions when calculating taxes. This is done to avoid double taxation, since the beneficiaries are taxed, then the estate or trust is not.
Prime cost is Group of answer choices direct labor cost and indirect labor cost. direct materials cost and direct labor cost. indirect materials cost and direct labor cost. direct materials cost and indirect labor cost.
Answer:
Direct material cost and Direct labor cost.
Explanation:
Manufacturing costs are divided into 2 groups;
Prime Cost.Conversion Cost.Prime cost: It includes the costs which are directly related to the manufacturing of the product, i-e Direct material cost and direct labor cost. Direct material cost includes the costs related to the raw material of the product being manufactured. On the other hand, Direct labor cost includes the costs which are related to the labor working on the product, for example, the salary of the labor.When greenbelt construction company began building houses in a large subdivision with many other builders, the company priced its homes slightly higher than its competitors and promoted the added quality features found in greenbelt's homes. greenbelt was using _________ a(n) pricing strategy a. competitor-based b. value-based c. improvement-based d. premium e. reference-based
Answer:
a. competitor-based
Explanation:
Probabbly Greenbelt wanted to price the house at a higher price but it is defining the price of the house considering their competitors price rather than value of the land/house. Therefore the basis for the price is the competitors.
Your professor loves her work, teaching economics. She has been offered other positions in the corporate world that would increase her income by 25 percent, but she has decided to continue working as a professor. Her decision would not change unless
a. the marginal benefit of a corporate job decreased.
b. cost of a corporate job increased.
c. the cost of teaching increased.
d. the benefit of teaching increased.
Answer:
c. the cost of teaching increased.
Explanation:
The increase in marginal cost of teaching will decrease overall benefits for her. And when the cost become so high that it is better to have corporate job, she will leave teaching.
Answer:
c. the cost of teaching increased.
Explanation:
If the marginal benefit of the corporta job decrease, then is less attractive to change job.
if the cost of corporate job increase, there is less gain thus, less attractive to move to this kind of job.
Last, if the benefit of teaching increased; with more reasons now, he professor will continue with their teaching activity.
From the given options: Only if the cost of teaching increase enought it may reconsider changing job.
Theta, Inc., a manufacturing company, has two major activities that drive the selling costs of the firm, namely commission paid to sales agents on the number of sales initiated and number of dispatches made. In the case of two explanatory variables, the linear equation is expanded to include the additional variable:______.
Answer:
Total selling cost
Explanation:
Selling cost is the expense that the company has to pay in order to sell a certain product to customers.
When making In linear equation , Companies often include all different types of selling cost that occurs (such as commission, number of dispatch, advertisement) and mixed it into one variable. The combination of all of these selling cost is what referred to as total selling cost.
A random sample of 30 colleges from kiplinger's list of the best values in private college provided the data shown in the datafile named bestprivatecolleges (kiplinger, october 2013). the variable named admit rate (%) shows the percentage of students that applied to the college and were admitted, and the variable named 4-yr grad. rate (%) shows the percentage of students that were admitted and graduated in four years.
Final answer:
The question involves statistical analysis of admission and 4-year graduation rates from Kiplinger's list of best value private colleges, underscoring the importance of descriptive statistics, the impact of admission policies, and the educational context on these rates.
Explanation:
It focuses on two main variables: the admit rate (%), indicating the percentage of students admitted out of those who applied, and the 4-yr grad. rate (%), showing the percentage of students who graduate within four years. This type of analysis is crucial in the field of statistics, specifically relevant to descriptive statistics, probability theory, and potentially inferential statistics, where one might use this data to make broader generalizations about private colleges' performance. Considering the relevance of the University of California's admission criteria and the impact of for-profit colleges on graduation rates, it's evident that college admission policies and the broader educational context play significant roles in these outcomes. Such analyses help stakeholders understand the factors contributing to higher education institutions' effectiveness and the value they provide to students.