[The following information applies to the questions displayed below.] Raner, Harris & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm has two offices—one in Chicago and one in Minneapolis. The firm classifies the direct costs of consulting jobs as variable costs. A contribution format segmented income statement for the company’s most recent year is given: Office Total Company Chicago Minneapolis Sales $ 450,000 100.0 % $ 90,000 100 % $ 360,000 100 % Variable expenses 243,000 54.0 % 27,000 30 % 216,000 60 % Contribution margin 207,000 46.0 % 63,000 70 % 144,000 40 % Traceable fixed expenses 100,800 22.4 % 46,800 52 % 54,000 15 % Office segment margin 106,200 23.6 % $ 16,200 18 % $ 90,000 25 % Common fixed expenses not traceable to offices 72,000 16.0 % Net operating income $ 34,200 7.6 % Required:
1-a. Compute the companywide break-even point in dollar sales.
1-b. Compute the break-even point for the Chicago office and for the Minneapolis office.
1-c. Is the companywide break-even point greater than, less than, or equal to the sum of the Chicago and Minneapolis break-even points?

Answer:

1.6

Explanation:

In this question, we use the operating leverage factor that is shown below:

Operating Leverage Factor = Contribution ÷ Operating Income

where,

Contribution = Operating income + monthly fixed expenses

                     = $25,000 + $15,000

                     = $40,000

And, the operating income is $25,000

So, the operating leverage factor is

= $40,000 ÷ $25,000

= 1.6

The operating leverage factor is 1.6

Operating Leverage Factor = Contribution ÷ Operating Income

Here

Contribution = Operating income + monthly fixed expenses

                    = $25,000 + $15,000

                    = $40,000

And, the operating income is $25,000

So, the operating leverage factor is

= $40,000 ÷ $25,000

= 1.6

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To create the T-account balance sheet, we list the bank's reserves, loans, and government bonds as assets, and the deposits as liabilities. Subtracting the liabilities from the assets, we find the net worth to be $220.

To set up a T-account balance sheet for the bank, we must list the bank's assets on one side and the liabilities and net worth (equity) on the other. The assets of the bank include its reserves and any loans it has made or government bonds it has purchased. The liabilities are primarily the deposits from customers. Net worth is calculated by subtracting total liabilities from total assets.

Bank's T-Account Balance Sheet:

Assets:

Liabilities:

To calculate the bank's net worth, subtract the total liabilities from the total assets:

Total Assets = Reserves + Loans + Government Bonds = $50 + $500 + $70 = $620

Total Liabilities = Deposits = $400

Net Worth = Total Assets - Total Liabilities = $620 - $400 = $220

Answer:

Therefore the required time period is 3 years.

Explanation:

To calculate the number of period we are using the following formula of future value

Future value = [tex]C_0(1+r)^n[/tex]

[tex]C_0[/tex] is cash flow at period 0= $ 35,00

r = rate of interest = 8.00% = 0.08

n= number of periods = ?

Future value = $44,089.92

Substituting the values in the formula

[tex]44,089.92= 35,000(1+0.08)^n[/tex]

[tex]\Rightarrow (1+0.08)^n=\frac{44089.92}{35000}[/tex]

[tex]\Rightarrow(1.08)^n = 1.259712[/tex]

[tex]\Rightarrow (1.08)^n=(1.08)^3[/tex]

[tex]\therefore n= 3[/tex]

Therefore the required time period is 3 years.

Solution:

Jan 01, 2018

Cash                                        $452,737

bonds payable                        $452,737

June 30,2018

Interest expense                      13,655

bonds payable                          1055

cash                                          12600

Dec 31,2018

Interest expense                     13,692

bonds                                       12600

Answer:

$56,048.70

Explanation:

Let's break the annuity into two streams of payments:  $500 monthly for five years and $1,000 for three years.  Then add the result :

PVA60 = $ 500×[1−1(1+0 . 085/12)600 .085/12] =$ 24 , 370. 59

 PVA36 =  $ 1, 000×[1−1(1+0. 085 /12)360 . 085/12]=$ 31 ,678 . 11

Therefore,

PVA60 + PVA36 = $ 24 , 370. 59 + $ 31 ,678 . 11 =$ 56 , 048 . 70

Final answer:

The bank would be willing to lend the business owner $76,854.90 based on the specified monthly payment amounts and the APR.

Explanation:

The bank would be willing to lend the business owner $76,854.90.

First, calculate the present value of the loan payments using the formula for the present value of an annuity: PV = PMT x [(1 - (1 + r)^-n) / r], where PMT = periodic payment, r = periodic interest rate, and n = total number of payments. For the $1,500 per month payments for three years at 8.5% APR,

PV = $1,500 x [(1 - (1 + 0.085/12)^-36) / (0.085/12)] = $46,276.05.

Next, calculate the present value of the $500 per month payments for two years using the same formula: PV = $500 x [(1 - (1 + 0.085/12)^-24) / (0.085/12)] = $30,578.85.

Finally, add the two present values together to find the total loan amount the bank would be willing to lend: $46,276.05 + $30,578.85 = $76,854.90.

Answer:Do you think Ming is correct in saying Mindy is bullying her?

Yes , she is right, Mindy is definitely bullying her.

What are the indications of bullying?

Bullying doesn't only occur physically but also psychologically and and emotionally,especially in a place of work it can de identified by mistreatment of the other person,verbal abuse , threatening and humiliating the other person.

The bullied person is outcastes , alienated , excluded and ignored like what Mindy is doing, ignoring Ming while he greet everyone else , excluding her by not inviting her in a farewell lunch , eventhough all other colleagues are invited by Mindy.

Spreading false rumours is also part of bullying .

He also critized her publicly by publicly sharing an email about a loss of a client caused by Ming .

These are all signs of abuse.

What advice would you give to Ming?

She will need to keep record or document everything so that when she decides to take the matter further , she may be able to submit proof of what has been happening to her,this will give evidence.

How would you handle this situation with Mindy, without embarrassing Ming?

I think talking to Mindy in an objective way without including Ming's name will be helpful since Mindy has publicly shared his bullying activities. I can actual point out things that are not allowed at work and how certain things can be harmful and degrading to other employees. Make him see how certain behavior affects other employees and how this can be a serious issue that can affect the company and affects even Mindy himself .

Ming is accurate in her assessment of Mindy's bullying.

Demotivating the victim, generating false expectations with no plans to realize it, purposefully neglecting the victim are all signs of bullying. Removing someone from a community or making him feel emotionally or economically isolated is a form of intentional exclusion.

Making the victim believe that they are the source of the problem, Critiquing someone's work or conduct on a regular basis, frequently for unjustified reasons Withholding knowledge from someone or providing them incorrect information, for example.

Ming has experienced some with the above indications of workplace bullying. And it is well within her rights to advise her supervisor of this.

First and foremost, I would assure Ming that she will not have any such problems in the future, and that I will personally address this matter.

I'll speak with Mindy and try to grasp her perspective on such behavior. And I'll make her informed of the regulations that apply in our office, such as the fact that bullying is not tolerated in the workplace. And it will provide her with an opportunity to modify her conduct.

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Answer:

Basic Earnings Per Share = $299,640,000/291,858,904 shares = 1.03 per share

Diluted EPS =  $299,640,000/(291,858,904 + 6,000,000)  shares = 1.01 per share

Explanation:

300 million shares of common stock - 24 million Treasury Stock  = 276 million shares outstanding

CALCULATION OF WEIGHTED AVERAGE NUMBER OF SHARES

Date Shares             Weighting (months)           Weighted Average

Jan 1 276,000,000                12/12                               276,000,000

1st July  13,800,000(5% of 276) 6/12                                   6,900,000

13th Sept 30,000,000          109/365 days                  8,958,904.11

Total                                                                          291,858,904

Profit attributable to common shares  = Net Income $300,000,000 – (Preference Dividend of 0.09 x 4,000,000) $360,000 = $299,640,000

The formula for basic earnings per share is:

Profit or loss attributable to common equity holders of the parent business ÷

Weighted average number of common shares outstanding during the period

Basic Earnings Per Share = $299,640,000/291,858,904 shares= 1.03 per share

Diluted EPS will include $500 million of 8% bonds, convertible into 6 million common shares.

Diluted EPS =  $299,640,000/(291,858,904 + 6,000,000)shares  = 1.01 per share

Answer:

The incident has to be reported to NTSB.

Explanation:

According to the rules set out by NTSB:

''An accident is defined as an occurrence associated with the operation of an aircraft that takes place between the time any person boards the aircraft with the intention of flight and all such persons have disembarked, and in which any person suffers death or serious injury, or in which the aircraft receives substantial damage. An incident is an occurrence other than an accident that affects or could affect the safety of operations.''

Even though there were no deaths or serious injury in this case, the helicopter’s tail is damaged to the point where it has to be replaced, it does under the definition of what an Aircraft Incident is as set-out by NTSB definitions and it becomes an incident that has to be reported to the NTSB. The operator is required to file a report and only then can be the tail section can be replaced.

Answer:

The accident must be reported immediately to NTSB by the operators of the helicopter (Sherrif Department), in line with the federal regulations. It is reported as an accident because it is an occurrence associated with operation of an aircraft that takes place between the time any person boards the aircraft with the intention of flight and all such persons have disembarked, and in with any person suffers death or serious injury, or which the aircraft receives substantial damage.

The analysis of the report must be in the form OR must contain information under listed below:

Type, nationality, and registration marks of the aircraft;

Name of owner, and operator of the aircraft;

Name of the pilot-in-command;

Date and time of the accident;

Last point of departure and point of intended landing of the aircraft;

Position of the aircraft with reference to some easily defined geographical point;

Number of persons aboard, number killed, and number seriously injured(in case there is deaths or severe injuries)

Nature of the accident, the weather and the extent of damage to the aircraft, so far as is known;

A description of any explosives, radioactive materials, or other dangerous articles carried(The rural area, where the SWAT team conveyed by the crashed helicopter is containing a methamphetamine lab)

Final answer:

If the temperature on April 12 is between 35 and 50 degrees, the probability that it will rain, based on historical data, is 20/25, which simplifies to 4/5 or an 80% chance.

Explanation:

The question asks about the probability of rain given a specific temperature range. If historically April experiences rain on 20 days with temperatures between 35 and 50 degrees, and there are 25 days in April with temperatures in that range, one can assume these temperatures are a prerequisite for rain. If it is between 35 and 50 degrees on April 12, the probability that it will rain on that day can be calculated by dividing the number of rainy days within that temperature range (20 days) by the total number of days with that temperature range (25 days).

Thus, the probability that it will rain is 20/25, which simplifies to 4/5 or 0.80. Therefore, there is an 80% chance that the players will get wet during the golf tournament if the temperature is between 35 and 50 degrees.

Answer:

A. The net income task is $450,000

B. The net cash flow is $650,000

Explanation:

Part A

The net income  can be calculated thus;

Earnings before Income Tax  for Moore corporation = $750,000

Less Income tax (40%)  = 0.4 x  $750,000  = $300,000

Net Income =  $750,000  -  $300,000  = $450,000

Therefore the net income task is $450,000

Part B

The net cash flow  can be calculated thus;

Earnings before Income Tax for Moore corporation $750,000

The Depreciation expense is  = $200,000

Less Income tax  as calculated in part A = $300,000

Net Cash Flow = ($750,000 + $200,000  ) -  ($300,000)  = $650,000

Therefore the net cash flow is $650,000

The Moore Corporation's net income is $450,000, calculated by subtracting the company's taxes from the EBIT. The net cash flow, calculated by adding back the depreciation expense to the net income, is $650,000.

The calculation of a company's net income and net cash flow begins with its operating income, or Earnings Before Interest and Taxes (EBIT), which is $750,000 in this case. From this, you need to subtract the company's taxes. Since the Moore Corporation is 100% equity financed and has a 40% tax rate, the calculation for taxes would be $750,000 * 0.40 = $300,000. Subtracting taxes from the EBIT, we find the net income to be $750,000 - $300,000 = $450,000.

The net cash flow can be found by adding back the depreciation expense to the net income. In this scenario, the depreciation expense is $200,000, so $450,000 (net income) + $200,000 (depreciation expense) = $650,000. Therefore, the company's net cash flow is $650,000.

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Answer:

Material quantity variance =$74, 280  unfavorable        

Explanation:

The material quantity variance occurs when the actual quantity of material used to achieve a given level of output is more or less than the standard quantity expected.

For Silmon Corporation, it can be computed as follows:

Quantity variance is                                                          

                                                                                        Gram

5,300 units should have used ( 5300× 5.1 )                 27,030

but did used                                                                    39,410

Variance in quantity                                                      12,380 Unfavorable

Price per unit                                                               × $6

Material quantity variance                                         $ 74,280. Unfavorable

Material quantity variance =$74, 280  unfavorable                                  

Solution:

                                      TEAL CORPORATION

                                      INCOME STATEMENT

                                      DECEMBER 31, 2014

Net income:

Income from continuing operation before income tax        22,700,000

Income tax (35% * 22,700,000)                                             7,945,000

Income from continuing operations                                      21,905,500

Discontinued operations                              

       Loss before taxes                               $3,255,000          

       Less applicable income tax (35%)      1,128,750              2,096,250                          

Net income                                                                              19,809,250

Preferred dividends declared                                                $1,085,600

Weighted average common shares outstanding                  4,041,000

Earnings per share:

Income from continuing operations

($21,905,500  - $ 1,085,600 )/ 4,041,000                           21,905,499

Discontinued operations, net of tax

($2,096,250/4,041,000)                                                          0.51

Net income

($19,809,250- $1,085,600)/4,041,000                                    19.7

A clothing retail company should opt for a CRM system over a traditional marketing research approach as it provides real-time data analytics, enables effective customer segmentation, and offers scalability and flexibility to adapt to market changes.

A clothing retail company considering whether to use a traditional marketing research project approach or implement a CRM system should lean towards the latter for several reasons. Firstly, a CRM (Customer Relationship Management) system provides real-time data and analytics which can guide more informed decisions. This system can track customer behavior, preferences, and interactions with the brand across multiple channels, providing a holistic view of the customer journey. Secondly, a CRM system enhances the ability to segment customers based on varied criteria, facilitating more targeted and personalized marketing strategies. Using detailed customer profiles, the company can tailor their communications and promotions to meet specific customer needs. Lastly, CRM systems are designed for scalability and flexibility, enabling the company to easily adapt to changes in the market or in customer behavior without the need for starting new research projects from scratch. This adaptability is crucial in today's fast-paced retail environment in which trends and consumer preferences can shift rapidly. Overall, a CRM system can offer a dynamic and comprehensive approach to crafting a marketing strategy that is responsive to customers' evolving demands.

Answer:

A materials requisition slip showed that direct materials requested were $58,000 and indirect materials requested were $9,000. The entry to record the transfer of materials from the storeroom is

D) Work In Process Inventory            $58,000

     Manufacturing Overhead              $9,000

    Raw Materials Inventory              $67,000

Gannon Company had the following information at December 31:

Finished goods inventory, January 1 $ 30,000

Finished goods inventory, December 31 90,000

If the cost of goods manufactured during the year amounted to $1,260,000 and annual sales were $1,650,000, the amount of gross profit for the year is

  C) $450,000

Sales                                                              $1,650,000

Cost of goods sold

===============

Cost of goods manufactured   $1,260,000

Add: Beginning FG inventory       $30,000

Goods available for sale         $1,290,000

Less : Ending FG inventory         $90,000           $1,200,000

Gross profit                                                        $450,000

Explanation:

Final answer:

In a 100% reserve banking system, the money supply will increase by the same amount as the increase in bank reserves. In a fractional reserve banking system with a desired reserve deposit ratio, the money supply can be calculated using the money multiplier.

Explanation:

In a 100% reserve banking system, the money supply will increase by the same amount as the increase in bank reserves. So, if the central bank of Alpha raises bank reserves by $100, the money supply will also increase by $100.

In a fractional reserve banking system with a desired reserve deposit ratio of 0.25, the money supply can be calculated using the money multiplier. The money multiplier is the reciprocal of the reserve deposit ratio. In this case, the money multiplier would be 1/0.25 = 4. So, if the central bank of Alpha raises bank reserves by $100, the money supply will increase by $100 x 4 = $400.

Answer:

False

Explanation:

The provision of the Uniform Commercial Code as amended is that any missing terms such as price, quantity,location and expected time of delivery as well as payment terms  can be added to the contract later on with consent of all parties involved or provided in compliance with other commercial codes.

In other words,the fact that payment should be made within seven working days when payment terms are missing is alien to Uniform Commercial Code.

The answer, therefore is false.

The balance sheet will reflect the present value of the remaining lease payments, and the income statement will show interest revenue earned by applying the incremental borrowing rate to the book value of the lease receivable.

To determine the pretax amount related to the lease that IC would report in its balance sheet at December 31, 2021, we need to calculate the present value of the remaining lease payments after the first payment has been made. Since the first payment is made at the start of the lease term, we consider it a prepayment, and the subsequent payments are discounted at the incremental borrowing rate, which is 8%. This calculation will give us the net lease receivable that IC reports on its balance sheet.

The pre-tax amount related to the lease that IC would report in its income statement for the year ended December 31, 2021, involves recognizing interest revenue. The interest revenue is calculated by applying the interest rate to the book value of the lease receivable at the beginning of the period. Since a payment was made on June 30, the interest for the first half-year should be calculated on the full lease receivable, while for the second half, it would be calculated after adjusting for the payment made.

Answer:

Direct labor efficiency variance= $140,000 unfavorable

Explanation:

Giving the following information:

Standard requirements:

Direct​ labor:

4 hours per​ unit

$ 14 per hour

Benson produced 5,000 units during the quarter.

Actual cost:

Actual direct labor hours= 30,000

direct labor costs= $240,000

First, we need to calculate the standard total direct labor hours required to produce 5,000 units.

Total direct labor hours= 5,000*4= 20,000 hours

Now, we can calculate the direct labor efficiency variance:

Direct labor efficiency variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor efficiency variance= (20,000 - 30,000)*14= $140,000 unfavorable

It is unfavorable because the company used more direct labor hours than estimated.

Answer:

equation for demand is Q=26,906,880,000,150 - 1,706,666,666.7P

equation for supply is Q=9,609,600,000,150.2 + 2,133,333,333.3P

Pls find all other required parameters in the explanation

Explanation:

Let the demand curve be of the general form Q = a - bP

Let the supply curve be of the general form Q = c + dP

where a, b, c, and d are the constants that you have to find from the information given in the equation

To begin, recall the formula for the price elasticity of demand

E = (P/Q)(ΔQ/ΔP)

Where P is the price per pack = ​ $4,504.50

Q is the quantity of packets= 19,219.2 billion

You are given information about the value of the elasticity E as -0.4

So solve for the slope, which is b in the above formula for the demand curve using the equation E = (P/Q)(ΔQ/ΔP

−0.4 = ($4,504.50/19,219200000000)(ΔQ/ΔP)

ΔQ/ΔP = −0.4(19,219200000000/$4,504.50)

= −1,706,666,666.7= −b.

To find the constant a, substitute for Q, P, and b into the demand curve formula

Q = a - bP

so

19,219200000000 = a - 1,706,666,666.7 × 4,504.50

19,219200000000 = a - 7,687,680,000,150.1

a = 19,219200000000 + 7,687,680,000,150.1

a = 26,906,880,000,150

The equation for demand is therefore

Q=26,906,880,000,150 - 1,706,666,666.7P.

To find the supply curve,

recall the formula for the elasticity of supply and follow the same method as above: E = 0.5

E= (P/Q)(ΔQ/ΔP)

0.5 = ($4,504.50/19,219200000000)(ΔQ/ΔP)

ΔQ/ΔP = 0.5(19,219200000000/$4,504.50)

= 2,133,333,333.3 = d.

To find the constant c, substitute for Q, P, and d into the supply curve formula

Q = c + dP so that

19,219200000000 = c + 2,133,333,333.3 × 4,504.50

19,219200000000 = c + 9,609,599,999,849.8

c = 9,609,600,000,150.2

The equation for supply is therefore Q=9,609,600,000,150.2 + 2,133,333,333.3P.

Answer:

b.​Moral hazard

The insurance company is taking precautions against moral hazard, therefore they want to monitor their driving habit

Explanation:

Moral hazard is the type of hazard that occurs when a party Intentional gets careless or exposes them selves to risk because someone else is liable to bear the risk of whatever comes out of their actions. It occurs when the parties involved does not have complete information about one another.

Answer:

Option A -  The bond will not be called is the correct answer.

Explanation:

The rate of return expected from a bond held until its maturity date is referred to as its Yield to maturity (YTM)

However, if YTM is equivalent to the return on the bond, then the assumptions are that bond will not be called, and the will not be defaulted by the user at maturity.

Thus the likelihood of the default is zero.

Therefore, option A - The bond will not be called is the correct answer.

Answer:

The correct answer is:

$317,460 (D.)

Explanation:

At the end of sales, after deducting the 5.5% commission of broker fee, the amount left as net value = $300,000. It can also be said that the total amount will be $300,000 + 5.5% of the total amount.

Let the price which the home is to be sold be "X"

From the statement above, the equation below can be written:

$300,000 + (5.5% of X) = X

X - (5.5% of X) = $300,000

Note that 5.5% of X = 5.5/100 × X = 0.055X

∴ X - (5.5% of X) = $300,000

= X - 0.055X = 300,000

0.945X = 300,000

X = [tex]\frac{300,000}{0.945} = 317,460.31[/tex]

= $317,460 (to the nearest dollars)

Final answer:

To clear a net value of $300,000 after paying a 5.5% commission, the home must be sold for about $317,460, which is the amount obtained by dividing the desired net by 0.945, accounting for the retained percentage after commission.

Explanation:

To determine the selling price of the home to clear a net value of $300,000 after paying a 5.5% broker commission, you need to set up an equation to account for the commission. Let's call the selling price P. The equation to represent this scenario is P - 0.055P = $300,000. Solving this equation for P will give us the required selling price to achieve the net value desired.

First, we can rewrite the equation as P(1 - 0.055) = $300,000. Doing the math, we get P = $300,000 / 0.945, which equals approximately $317,460. Therefore, the home must be sold for about $317,460 to meet the net profit after commission.

Following are the calculations to get the precise answer:

First, we calculate the percentage that the homeowner will receive after commission, which is 100% - 5.5% = 94.5%.

We then express the percentage as a decimal for calculation: 94.5% = 0.945.

Finally, we divide the desired net amount by the percentage the homeowner keeps: $300,000 / 0.945 = $317,460.05, which rounds to $317,460.

Therefore, the correct answer is D. $317,460.

Answer:

correct option is b. $22,000

Explanation:

given data

reported revenues = $810,000

expenses = $630,000

annual amount of amortization  = $15,000

solution

we get here net income 2019 is

net income 2019 = revenue - expenses - amortization  ........1

put here value

net income 2019 = $810,000 - $630,000 - $15,000  

net income 2019 = $165,000

and

as here acquired stock on September

so we get here income for September to December that is

net income = $165,000 × [tex]\frac{4}{12}[/tex]    

net income = $55000

and

non controlling interest is

non controlling interest = 40% of $55000

non controlling interest = $22,000

so correct option is b. $22,000

Final answer:

The noncontrolling interest's share of Kailey Corp.’s income for 2019 is calculated by taking 40% of Kailey's net income after typical expenses and amortization deductions. The net income is determined to be $165,000, of which the noncontrolling interest owns 40%, resulting in a share of $66,000.

Explanation:

To calculate the noncontrolling interest's share of Kailey's income for 2019, we need to calculate Kailey Corp.’s net income for the period after accounting for any amortization related to the acquisition by Denber Co. To start, we calculate the net income before the noncontrolling interest's share.

Since Denber Co. acquired 60% of the common stock, the noncontrolling interest owns the remaining 40% of Kailey Corp. Therefore, we calculate the noncontrolling interest's share of Kailey's income as follows:

Noncontrolling Interest's Share of Net Income = 40% of $165,000 = $66,000

Therefore, the correct answer is $66,000.

Kelvin's supply of labor over this wage range is 3.80

Explanation:

This is Price elasticity supply issue, and wages / hours are independent variables.

Price elasticity of supply tests the response to the supply of a product or service following a shift in its market price. The supply of a good will increase as its prices rise according to basic economic principles. On the other hand, when its price declines, goodwill supplies decline

So, PES ( Kevin's labor) = {(10-7)/[(10+7)/2)} /{(50-40)/[(50+40)/2]}

                                       = 24.75/6.5 = 3.80

Answer:

=  $33,600.

Explanation:

Avoidable costs are example of relevant costs. These are costs that are incurred as a direct consequence of taking a decision. All direct costs associated with a decision to produce are avoidable costs, which means such costs will not be incurred should Tangire Company decides not to produce.

Kindly note that items of general fixed costs which are usually allocated are not avoidable. Simply because they would be incurred either way whether or not production takes place.

The avoidable cost of Tangier sums:

Raw material cost  +   Direct labor cost

= 27,000 + 6,600

=  $33,600.

Answer: B. Each firm Charges a HP

Explanation:

Nash Equilibrium is a point where there is no incentive from deviating for each firm to deviate or change its strategy.

Firms reach Nash Equilibrium Point when they both charge high price (HP). When both firms charge high price (HP) each firm will earn 10 million dollars at this point there is no incentive for either firm to change and charge lower price because they will earn $ 1 million. Each firm will just choose to charge high price regardless of what the other firm is doing.

The Nash equilibrium of the game is a. Each firm charges a LP.

1. If both firms charge a Low Price (LP):

  - Each firm earns $5 million.

2. If both firms charge a High Price (HP):

  - Each firm earns $10 million.

3. If one firm charges a Low Price (LP) and the other charges a High Price (HP):

  - The firm charging LP earns $15 million.

  - The firm charging HP earns $1 million.

Analysis:

- If you charge LP:

 - If your rival also charges LP, you earn $5 million.

 - If your rival charges HP, you earn $15 million.

- If you charge HP:

 - If your rival charges LP, you earn $1 million.

 - If your rival also charges HP, you earn $10 million.

Best Response Analysis:

- If your rival charges LP:

 - Charging LP earns you $5 million (better than charging HP which earns you $1 million).

- If your rival charges HP:

 - Charging LP earns you $15 million (better than charging HP which earns you $10 million).

From this analysis, charging LP is always a better or equal strategy compared to charging HP, regardless of the rival's choice.

Nash Equilibrium:

In a Nash equilibrium, each player is making the best possible decision given the decision of the other player. Here:

- If both firms charge LP, neither can improve their payoff by changing their strategy unilaterally, because switching to HP would decrease their profit from $5 million to $1 million.

- If both firms charge HP, each earns $10 million, and neither can improve their payoff by unilaterally switching to LP (which would reduce their profit to $1 million).

Given that LP is the dominant strategy for both firms (it provides a higher payoff in all scenarios except when both charge HP), the Nash equilibrium is when both firms charge a Low Price (LP).

Answer:

Index value is $79

Explanation:

Index value calculation comes from the prices of the underlying holdings. Most indices have values based on market-cap weighting, revenue-weighting, float-weighting, and fundamental-weighting.

For index calculations, weighted average mathematics is used as values are derived from a weighted average calculation of the value of the total portfolio. As such, price-weighted indexes will be more greatly impacted by changes in holdings with the highest price, market cap weighted indexes will be most greatly impacted by changes in the largest stocks, and so on depending on the weighting characteristics.

Price index = average of share prices

Price index = [tex]\frac{37+115+85}{3}=\frac{237}{3} =79[/tex]

Price index = $79

The index value of a price-weighted index made up of three stocks with prices of $37, $115, and $85 is calculated by summing the prices and dividing by the number of stocks, resulting in an index value of $79.

To construct a price-weighted index of the three stocks with share prices of $37, $115, and $85, you would first sum the prices of the stocks. The formula for a price-weighted index is the sum of the stock prices divided by the number of stocks, which in this case is 3.

Sum of stock prices = $37 + $115 + $85 = $237

Then, you divide this sum by the number of stocks to get the index value:

Index value = $237 / 3 = $79

Therefore, the index value for these three stocks would be $79.

Answer and explanation:

Outsourcing refers to the practice by which companies take their operations to a different country in an attempt to reduce costs or surpass stiff governmental regulations. Among the different costs firms reduce by outsourcing, labor hand is one of the most important. For this approach to be ethical, the countries where the company will start operations should be characterized by a high unemployment rate. Any form of investment to increase job positions will be healthy for such an economy.

On the other side, outsourcing will take away job positions in the country where the firm has its headquarters. In the case of long-term employees, it would be ethical to take their opportunities away only if they are approaching retirement age. It would be suitable to provide a job position to a head of a family in a different country paying that person less or at least the necessary to cover his or her basket of goods than paying high salaries to elder people with no children to support and who are about to retire.

Outsourcing production to developing nations where labor costs are lower may be ethically defensible if workers are treated well, paid a fair wage (considering local economic conditions), and if employment opportunities are created for them. However, businesses also need to consider the ethical implications of laying off employees in their home country and navigate the potential pitfalls of exploiting weak labor laws in developing nations.

It can be ethically defensible to outsource production to the developing world under certain conditions. The key factor lies in the treatment and compensation of the workers in those countries. If the workers are paid a wage that, while low by Western standards, significantly improves their financial status and provides them with viable employment opportunities, then such outsourcing can be justified. Additionally, if the outsourcing firm adheres to stringent ethical and safety standards, treating their overseas workers with dignity and respect, outsourcing can be seen in a more ethical light.

However, the ethical debate does not end there. The issues of laying off long-term employees in the firm's home country and potentially exploiting developing nations' labor laws or lack thereof add complexity to the situation. It's essential for businesses to find a balance between leveraging global economic opportunities and maintaining ethical labor practices. At the core, the decision comes down to more than just financial considerations; it should also involve an honest evaluation of the societal and human impacts.

High-profile cases such as the Rana Plaza disaster and the controversy over sweatshops linked to major multinational corporations (MNCs) like Nike and Gap underline the importance of adopting ethical labor practices, no matter where operations are located. Restrictions on imports from countries with poor labor conditions and criticisms against companies using sweatshop labor are significant factors that businesses must consider while deciding on outsourcing.

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Answer:

Explanation:

At the break-event the profit is zero, or the total costs equal the revenue.

1. Revenue

Revenue, R(x), is the product of the price by the number of units sold (x).

2. Cost

The cos, C(x) is the sum of the fixed costs and the variable cost. The variable cost is the product of the variable cost per unit and the number of units sold:

3. Break-even

Make the equation R(x) = C(x) and solve:

4. Calculate the revenue with 6,442.64 units:

Answer:

a) Gold = $1,380; Silver = $1,020

b) Gold = $1,300; Silver = $980

Explanation:

a) At first, with Qg = 60 and Qs = 270, the equilibrium prices for gold and silver are found by solving the following linear system:

[tex]P_g = 930-60 +0.50 P_s\\P_s = 600 - 270 + 0.50P_g\\\\-P_s=1740 -2P_g\\P_s = 330+ 0.50P_g\\P_g = 1,380\\P_s = 1,020[/tex]

Equilibrium price of gold is $1,380 and the price of silver is $1,020.

b) If the supply of gold increases to 120, since the goods are substitutes, there will be an increase in overall supply and the equilibrium price of gold and silver will decrease as follows:

[tex]P_g = 930-120 +0.50 P_s\\P_s = 600 - 270 + 0.50P_g\\\\-P_s=1620 -2P_g\\P_s = 330+ 0.50P_g\\P_g = 1,300\\P_s = 980[/tex]

Equilibrium price of gold is $1,300 and the price of silver is $980.

Final answer:

The equilibrium prices of gold and silver are $870 and $330 respectively. If the gold supply doubles, the new equilibrium price of gold is $750, while the price of silver remains unchanged at $330.

Explanation:

To find the equilibrium prices of gold (G) and silver (S), which are substitutes, we are given the quantities supplied (Qg and Qs), which are fixed in the short run, and the demand equations for each. The quantity supplied for gold is 60 and for silver is 270. We can set up the demand equations as:

For gold, Pg = 930 - Qg + 0.50 Ps, and for silver, Ps = 600 - Qs + 0.50 Pg.

We plug in the fixed quantities to find the equilibrium prices:
Pg = 930 - 60 + 0.50 Ps
Ps = 600 - 270 + 0.50 Pg.

After simplifying, the equations become:
Pg = 870 + 0.50 Ps
Ps = 330 + 0.50 Pg.

Substituting the second equation into the first, we find the equilibrium prices. The equilibrium price for gold (Pg) is $870 and for silver (Ps) is $330.

When considering a new discovery that doubles the quantity supplied for gold to 120, we have a new set of demand equations:
Pg = 930 - 120 + 0.50 Ps
Ps = 600 - 270 + 0.50 Pg, which reduces to
Pg = 810 + 0.50 Ps.

By solving these equations, we determine the new equilibrium prices after the discovery. The new equilibrium price for gold is approximately $750 and for silver, the price remains at $330.