Answer:
$6.00 per machine-hour
Explanation:
Total estimated manufacturing overhead = $300,000
Estimated machine hours = 50,000 hours
Predetermined overhead rate = Total estimated manufacturing overhead / Estimated machine hours
Predetermined overhead rate = $300,000 / 50,000 machine hours
Predetermined overhead rate = $6 per machine hour
So, The correct asnwer is $6.00 per machine-hour.
Answer:
$10 per MH
Explanation:
Estimated total overhead cost = $300,000 + ($4 per MH × 50,000 MHs) = $500,000
Predetermined overhead rate = Estimated total overhead cost of $500,000 ÷ 50,000 MHs = $10 per MH
The most flexible method of land description, capable of describing even the most irregular of parcels, can be described as a very precise, compass-directed walk around the boundary of a parcel. This method is commonly referred to as _________
Answer:
Metes and Bounds
Explanation:
Metes and Bound
This is a system of describing land in real estate and property. It is used in establishing boundaries of select parcel of lands. It is referred to as a "legal description". They are used to describe land using physical features of it's geography, as well as directions and distances and other adjoining parcels of land.
Answer:
metes and bounds
Explanation:
Metes is a very old term that means measurement, and in real estate it is still used to refer to the distance between two points measured in a straight line. Bounds refers to a less specific line, not a straight line, that borders some type of natural or man made feature, e.g. river, hill, park, building, etc.
This system is commonly used to describe irregular land parcels, e.g. boundaries between countries, states, counties or land lot that are defined by natural features.
There are 15 animal keepers working for the XYZ Zoo. Their supervisor is required to rate the performance of these workers based on the following criteria: 30% of the animal keepers will be rated as below-average, 40% of the animal keepers will be rated as average, and 30% of the animal keepers will be rated as above average. What type of performance appraisal is used?
Answer:
Forced distribution
Explanation:
Forced distribution is a performance rating used by companies to determine the efficiency of employees as either excellent, good and bad.
Forced distribution also known as vitality curve is said to be controversial way of performance rating of employees are ranked or measured compared to each other and graded rather than using the set standard of rating.
This style of rating helps managers or companies to identify talented ones among employees as ranking parameters are set and then used to evaluate employee performance.
One of the common problems of forced ranking system is that it depletes employee morale which in turn further affects their performance.
Cheers.
Final answer:
The appraisal method described is a relative ranking system, which evaluates employees against each other into pre-set categories, contrasted with the 360-degree feedback appraisal that uses multiple rater types for growth-oriented feedback.
Explanation:
The type of performance appraisal described in the question is known as a relative ranking system. In this system, the performance of the zoo keepers is evaluated in comparison to each other rather than against fixed, objective criteria. Specifically, the supervisor assigns ratings so that a certain percentage of employees fall into predefined categories—30% rated below average, 40% average, and 30% above average. This approach differs from the 360-degree feedback appraisal method, where an employee's performance is assessed by a variety of raters including supervisors, peers, subordinates, customers, and the employees themselves. The 360-degree feedback is more comprehensive and aims to give employees rich feedback for development purposes, whereas relative ranking is more focused on differentiating employees' performance along a scale in relation to one another.
In May, Xiang sold 15 used cars. For these 15 cars, the range of the selling price was $15,000 and the lowest selling price was $4,500. In June, Xiang sold 10 used cars. For these 10 cars, the range of the selling prices was $16,500 and the lowest selling price was $6,100. What was the range of the selling prices of the 25 used cars sold by Xiang in May and June?A. $15,600B. $15,750C. $16,820D. $18,100E. $19,200
Answer:
$18100
Explanation:
Range is the difference between the highest and the lowest value in a data set. To calculate the highest value in a data set, we simply add the range to the lowest value,
In data set for may, the lowest value was 4500 while the range was 15000. So, the highest value will be
Highest Value = lowest value + range= 4500 + 15000 ⇒ $19500
Similarly, for June, the highest value will be,
Highest Value = 6100 + 16500 ⇒ $22600When we combine both data sets for May and June,
The lowest value of combined data set is $4500The highest value of combined data set is $22600The range of the combined data set will be,
Range = 22600 - 4500 ⇒ $18100Brain Boost Inc. is a leading educational toy company. Competitors across the globe have failed to imitate Brain Boost’s production models, supply chain systems, knowledge systems, and culture. These attributes have remained unique to Brain Boost Inc. for a long time. Which of the following assumptions of the resource-based model of competitive advantage does this scenario best illustrate?
a) resource homogeneity
b) resource cost
c) resource substitution
d) resource immobility
Answer:
Which of the following assumptions of the resource-based model of competitive advantage does this scenario best illustrate?
d) resource immobility
Explanation:
There are various assumptions that can be made to describe how resources are utilized in various firms. Competitive advantage as the name suggests is when one organization has a favorable position in business as compared to another company that are in competition with. The various assumptions of the resource-based model of competitive advantage are as follows;
1. Resource homogeneity
This is a situation in which a company owns a resource that is similar in characteristics to resources in other companies. A company like this cannot have a competitive advantage against it's competitors.
2. Resource cost
Resource cost can be defined as all the input costs that are to be used in the production of a product from it's raw form to a finished product. Resources include labor, materials and equipment. When the resource cost is higher than other competitors in a market, then one doesn't have a competitive advantage against other competitors.
3. Resource immobility
When a resource is not easy to be obtained by other competitors, then it is called resource immobility. This can provide a competitive advantage against other companies especially if the resource is highly beneficial.
Sally and Patrick are married with 4 young children. Patrick stays at home with the kids while Sally works as CEO of a small manufacturing firm earning $105,000 annually. Sally is covered by a 401(k) plan at work, but they would like to maximize their IRA contributions as well. Which of the following are true assuming their AGI is $105,897?
a. Sally and Patrick could each contribute $6,500 to a Roth IRA.
b. Sally and Patrick could each contribute $3,000 to a deductible traditional IRA
c. Only Sally can contribute to any type of IRA. Patrick has no earned income.
d. Patrick could contribute $5,500 to a traditional deductible IRA.e. "Sally and Patrick could each contribute $6,500 to a Roth IRA" and "Patrick could contribute $5,500 to a traditional deductible IRA"
Answer:
e. "Sally and Patrick could each contribute $6,500 to a Roth IRA" and "Patrick could contribute $5,500 to a traditional deductible IRA".
Explanation:
Although one can have both a 401(k) and an individual retirement account (IRA) at the same time but it's not always advisable because the one's income may be a limiting factor to tax breaks received. hence it's not advisable for Sally to have a traditional deductible IRA because Sally is already covered at work by 401(k).
In the case of Patrick, if one's income is under a certain level or if one (or one's spouse) don't have an employer-sponsored retirement plan, the Traditional IRA contribution is fully deductible.
So , you (or your spouse) do have a 401(k) or pension plan, the tax-deductible portion of your IRA contribution may be limited.
A new assessment tool does a good job of differentiating those who later will be depressed and those who will not be depressed, and it produces results similar to those of other tools measuring depression. Therefore, the new assessment tool has good:
A. predictive validity.
B. face validity.
C. interjudge reliability.
D. test-retest reliability.
Answer:
A. predictive validity.
Explanation:
The tool has predictive-validity because it can assess, or predict, out of a sample, which subjects will be depressed in the future, and which subjects will not, producing similar results to other tools that also measure depression, something that gives it credibility.
Final answer:
The new assessment tool shows good predictive validity because it accurately differentiates between individuals who will later be depressed and those who will not. Predictive validity is concerned with how well a measure can forecast future outcomes based on its intended purpose. Other types of validity and reliability aren't as clearly demonstrated by the information provided.
Explanation:
The new assessment tool in question does a good job of differentiating those who will later be depressed from those who will not, and it also produces results similar to those of other depression measurement tools. Therefore, the new assessment tool is displaying good predictive validity. Predictive validity refers to the degree to which a measure successfully predicts a future outcome that it is theoretically expected to predict. In this case, the tool accurately identifies who will develop depression in the future, which is the essence of predictive validity.
Test-retest reliability is about consistency over time when a measure is administered multiple times. Since the assessment tool reliably differentiates future depression as other tools do, this implies that it could potentially possess good test-retest reliability, but the question does not provide enough information about this specific type of reliability.
Face validity pertains to the plausibility that a measure appears to assess what it is designed to assess, which may not necessarily reflect actual validity. Interjudge (inter-rater) reliability refers to the degree to which different observers or judges agree on an assessment. The scenario described does not provide sufficient details to evaluate face validity or inter-rater reliability, focusing instead on the tool's ability to predict future depression.
Complexity theory is an offshoot of the _____ viewpoint because it is the study of how multiple chaotic processes arise into pattern and order
1. To build teamwork - trust - and mutual respect - Tqm companies see that every employee is involved in the continuous improvement process. This requires that workers must be trained and empowered to find and solve problems.
2. Managing the production and delivery of an organization's products or services more effectively.
3. Systems
4. Outputs
Answer:
Option "C" is the correct answer to the following statement.
Systems
Explanation:
The concept of complexity focuses on relationships and the corresponding feedback that changes systems continuously. While it implies that structures are unstable, they are also restricted by rules which produce order. The principle of complexity was applied in the fields of tactical administrators and institutional studies.
Besides, a complex system consists of many elements and their relations.
Complexity theory, an offshoot of chaos theory rooted in physics, studies the emergence of pattern and order from chaotic processes. It offers insights into systems traditionally studied by thermodynamics and statistical mechanics, potentially enhancing our understanding of various complex phenomena.
Explanation:Complexity and Chaos in Physics
Complexity theory is a fascinating offshoot of chaos theory, which itself is rooted in physics. Chaos theory describes systems that are highly sensitive to initial conditions and are unpredictable over the long term. Complexity theory builds on this premise, studying how multiple chaotic processes can lead to order and pattern. For instance, the chaotic nature of Pluto's orbit or the arrhythmic heartbeat may display a form of underlying order when viewed through the lens of complexity. This emerging field, in relation to traditional physics, offers potential insights into organized, adaptive, and evolving systems, such as in thermodynamics and crystal growth, demonstrating the ever-present drive to understand the universe's complexity.
Some traditional areas of physics, like thermodynamics and statistical mechanics, deal with complex systems averaging or in detail, respectively. Complexity theory may provide new perspectives on phenomena such as heat transfer, phase changes, and magnetic domain organization in iron atoms. The inherent complexity in these systems, which sometimes self-organize, may be better understood through the lens of complexity theory.
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You are offered an investment that will make three $5,000 payments. The first payment will occur four years from today. The second will occur in five years, and the third will follow in six years. If you can earn 12 percent, what is the future value of the cash flows? What is the most this investment is worth today?
Answer:
what is the future value of the cash flows?
$16,872
What is the most this investment is worth today?
$8548
Explanation:
First Payment
$5000 payment will occur Four year from now
$5000 payment will occur Five year from now
$5000 payment will occur six year from now
Interest rate = 12%
Future value at year 6 = (5000 (1+0.12)^2) + (5000 (1+0.12)^1) + 5000
Future value at year 6 = 6272 + 5600 + 5000 = $16,872
Present value of investment = Future Value / (1+r)^n
Present value of investment = $16,872 / (1+0.12)^6
Present value of investment = $8547.88
Present value of investment = $8548 (Rounded off to nearest whole Number)
Dan has been directed to study the forces close to a company that affect its ability to serve its customers, such as the company, suppliers, marketing intermediaries, customer markets, competitors, and publics. In this instance, Dan has been directed to study the ________ of the company.
Answer:
Micro environment
Explanation:
The institution's micro-environment comprises of those components that are manageable. Generally the micro-environment doesn't really impact all businesses in a sector in same manner, as the scale, efficiency, competence and approaches are different.
For instance, the suppliers of raw materials are giving big corporations more compromises. We might not offer small businesses the same concessions though. Thus, from the above we can conclude that the correct answer is micro-environment.
Wendell interviews many middle-level managers and discovers that these individuals believe that external factors constrain managers' influence over outcomes. The mid-level managers have a(n) ________ view of management. Symbolic traditional standard omnipotent
Answer:
Correct option is Symbolic
Explanation:
Managers with symbolic view of management believes that success and failure of an organization is not completely in their control. There are external factors suppliers, creditors and customers that contribute to organizational success.
Managers who follow omnipotent view believes that they have full control over success and failure of the organization. Here, the middle-level managers have symbolic view of management.
Which theory states that deviant behavior occurs when a person weighs the costs and benefits of deviant behavior and concludes that the benefits outweigh the risks?
Answer: Rational Choice of Theory of Deviance
Explanation:Deviant Behavior, is the term used to describe actions or behaviors that are judge as not morally right,they are Behaviors that are against the established social norms or Behaviors that are against the legal provisions of the land.
Rational Choice of Theory of Deviance is a sociological theory that tends to prove that Deviant acts are sometimes caused by actions or activities of others such as the people or organizations or Government.
A marketing consultant wants to estimate the proportion of all shoppers at a certain mall who make at least one purchase. he stands at a mall exit for two hours on a weekday afternoon and flips a coin each time a shopper leaves. if the coin comes up heads, he asks them if they have made any purchases during this visit. after two hours, he has 132 responses, 104 of whom made a purchase. which condition for constructing a confidence interval for a proportion has the consultant failed to satisfy?
The condition for constructing a confidence interval for a proportion has the consultant failed to satisfy is that The data is a random sample from the population of interest.
Explanation:
When there is a chance that every one in the population has selected equally is called as random sampling. This type of sampling method is used for the representation of a group in an unbiased condition. Thus, every member of the population that is being chosen will be having an equal chance of being tested in an random sampling.
Confidence of interval refers to the estimation of an interval that has the true value of the unknown parameter. In the given example the data collected is the random sample form the shoppers that is taken only for two hours. This condition for the construction of a confidence interval for a proportion has made the consultant to fail.
The marketing consultant failed to ensure random sampling, a condition necessary for constructing an accurate confidence interval for a proportion.
Explanation:The marketing consultant has failed to satisfy the condition of random sampling for constructing a confidence interval for a proportion. The correct process involves randomly selecting shoppers, not selectively asking only those who are heads on a coin flip, which introduces potential bias into the sample. A proper random sampling method is essential to ensure that the sample proportion is representative of the population proportion, which is necessary to construct an accurate confidence interval.
For example, if we follow a process akin to the one used in Example 8.10, where a market research firm randomly selects individuals before surveying them, we create a more reliable basis for estimating the true proportion in the population.
The owners' equity for The Deer Store was $58,900 at the beginning of the year. During the year, the company had aftertax income of $4,200, of which $3,200 was paid in dividends. Also during the year, the company repurchased $6,500 of stock from one of the shareholders. What is the value of the owners' equity at year end?
Answer:
The owner's equity at the end of the year results to $64,400
Explanation:
We are able to calculate this through simple addition and subtraction
First we must view how much was payed through tax
t = 4,200 - 3,200 = 1,000
58,900 - 1,000 = 57,900
Than, due to the repurchase of $6,500 of stock, we must include this within our final equation
57,900 + 6,500 = 64,400
Hope this helps
Final answer:
To calculate The Deer Store's owners' equity at year-end, begin with the equity at the start of the year, add net income, and subtract dividends and stock repurchases. The ending owners' equity is $53,400 after accounting for all transactions.
Explanation:
The question asks to calculate the owners' equity for The Deer Store at the end of the year, based on given financial transactions. To find this, we must adjust the beginning equity by adding net income and subtracting both dividends paid and stock repurchase values. The calculation is as follows:
Beginning owners' equity: $58,900
Add: Aftertax income: $4,200
Subtract: Dividends paid: ($3,200)
Subtract: Stock repurchases: ($6,500)
Using simple arithmetic:
$58,900 (beginning equity) + $4,200 (income) - $3,200 (dividends) - $6,500 (repurchases) = $53,400 (ending owners' equity).
This calculation demonstrates how various financial transactions affect a company's equity over a fiscal period.
Cadmia and Rhodia specialize in the production of textiles and agricultural products respectively. They are the best at their respective specializations. Cadmia trades textiles with Rhodia in exchange for agricultural products. Which of the following is illustrated by this form of trade between Cadmia and Rhodia? A. The concept of absolute advantage B. The position of a nation regarding the components of production C. Ricardo's theory of comparative advantage
Answer:
The concept of absolute advantage
Explanation:
The key statement here is that "They are the best at their respective specializations" and their decision to trade the good that they are most effective/better at producing.
The concept of absolute advantage refers to:
when a producer can produce a good or service in greater quantity for the same cost, or the same quantity at lower cost, than other producers.By specialization, division of labor, and trade, producers with different absolute advantages can always gain over producing in isolation. Absolute advantage is related to comparative advantage but differs slightly.Countries with an absolute advantage can decide to specialize in producing and selling a specific good or service and use the funds that good or service generates to purchase goods and services from other countries.
Through specialization in the products that they each have an absolute advantage in and then trading products, can make all countries better off, as long as they each have at least one product for which they hold an absolute advantage over other nations.
Comparative advantage however:
Comparative advantage suggests that countries will engage in trade with one another, exporting the goods that they have a relative advantage in productivity.Absolute advantage refers to the uncontested superiority of a country to produce a particular good better. Comparative advantage introduces opportunity cost as a factor for analysis in choosing between different options for production.A nightclub has several types of employees, each with a specialized task. Bartenders make drinks, bouncers check identification, bussers clear away used glasses, and so on. A shift supervisor is in charge, and a manager is in charge of the shift supervisor. At work the employees check the bulletin board, where their boss posts memos explaining changes in the rules. The bouncers are the most popular employees, because they usually let their friends in for free, even if their friends don’t have ID. In many ways, the club is a bureaucracy, but there is at least one significant element of bureaucratic organization missing. What is it?A) Specialization
B) Hierarchy
C) formal written communication
D) Impersonality
Final answer:
The missing element of bureaucratic organization in the nightclub scenario is impersonality.
Explanation:
The missing element of bureaucratic organization in the nightclub scenario is D) Impersonality.
A bureaucracy is characterized by explicit rules, a clear division of labor, hierarchy, and impersonality. Impersonality refers to taking personal feelings out of professional situations and treating all individuals in the organization equally. While the nightclub organization exhibits other elements of bureaucracy, such as specialization, hierarchy, and formal written communication through memos posted on the bulletin board, the fact that the bouncers let their friends into the club for free shows a lack of impersonality.
Final answer:
The nightclub fails to exhibit impersonality, as bouncers allowing friends in for free without ID shows favoritism, deviating from the bureaucratic principle of equal treatment for all clients.
Explanation:
The nightclub described demonstrates several elements of a bureaucratic organization, such as specialization where each employee has a specialized task, a hierarchy with a shift supervisor and a manager overseeing operations, and formal written communication with the use of memos posted on a bulletin board. However, the mention of bouncers letting friends in without ID suggests a lack of impersonality in the treatment of clients, which contradicts the principles of bureaucracy where all clients should be treated equally and without favoritism. Therefore, the significant element of bureaucratic organization that is missing in this nightclub scenario is impersonality.
Billy freely agrees to sell Roger a painting for $100. Billy thinks the painting is ugly and a piece of junk. Neither Billy nor Roger are art aficionados or knowledgeable about art. After the sale is made, however, Billy discovers that the painting is worth $10,000. If Billy tries to void his agreement for lack of consideration with Roger and loses, what would be the best reason under these facts?a. Billy was under no duress at the time of the sale.
b. The consideration, although disproportionate, is nevertheless adequate because he was done freely.
c. Billy made a unilateral mistake.
d. None of these are correct.
Answer:
b. The consideration, although disproportionate, is nevertheless adequate because he was done freely
Explanation:
Consideration is one of the essential elements of a valid contract, it is the quid pro quo of a contract, that is, something for something. Consideration is anything of value exchanged for services rendered, goods supplied, or promise. it is the value of what parties to a contract get in a contractual deal.
It must be noted that in the eyes of the law consideration need not be adequate but must be sufficient for the contract.
Juana looked at her September issue of O magazine and did not see anything of interest. However, after her mother was diagnosed with bipolar disorder, Juana found the issue extremely interesting because it offered advice on how to help people who are suffering from this problem. The fact that the boring issue became quite interesting is most directly due to a change in ________.
Answer:
Selective attention.
Explanation:
Selective attention is the act of focusing on the most important information at a given time. There is a large amount of information being transferred daily and our minds need to filter out the information that is not important to us at that time.
This is what happened with Juana. When she first read the article it was not important to her, most likely she saw the heading and selective attention pushed it aside as unimportant.
After her mother was diagnosed with bipolar disorder, it was one of the articles her mind now picked as important.
In agile projects, overall planning is at a high level, and only the near-term work is planned in detail. The project work is conducted in iterations (sprints) that are normally:_______________
Answer:
2-4 weeks.
Explanation:
Agile projects usually used when an organization wants to finish a certain project within a short period of time.
They do this by leveraging all different divisions in the organizations and separate them into different segments. Each segments has to focus on one specific work and let the other segments do the other part of the project.
This type of method can only works with experienced team members. Due to the quick deadline, having the managers giving direct orders tend to be inefficient.
In most companies today, this type of projects usually implemented if a company need something to be done within 2-4 weeks. It's the appropriate time to gather resources, make detailed planning, and get to work.
Mini Mart suspects that Junior is stealing candy. The next time Junior comes into the store, the manager at Mini Mart detains Junior in the store’s office until the police can come to investigate. What will happen to the Mini Mart manager?
Final answer:
If a Mini Mart manager detains a suspected shoplifter, they must follow the legal concept of shopkeeper's privilege, which allows reasonable detainment for investigation. The manager must ensure that they do not violate the suspect's rights or else face potential legal consequences. If an employee is wrongfully labeled a thief, they should seek to clear their name and may require legal assistance.
Explanation:
If Mini Mart suspects that Junior is stealing candy and the manager detains Junior in the store’s office until the police can come to investigate, the action taken by the manager could be considered a shopkeeper's privilege. This is a legal concept that allows retailers to detain suspected shoplifters on store property for a reasonable period of time and in a reasonable manner, to investigate the situation. However, if the manager uses excessive force, detains Junior for an unreasonable length of time, or if Junior is found to be innocent, Mini Mart and the manager could potentially face legal consequences such as false imprisonment or assault charges. It is essential for the manager to act within the boundaries of the law to ensure the rights of the suspect are not violated.
In the scenario described where an employee is labeled as a thief, the employee should seek to clear their name through evidence or lack thereof. If the cash drawer discrepancy can be explained by errors unrelated to theft, or if there is no direct evidence of the employee's misconduct, the label of 'thief' may be unwarranted and could defame the employee. The employee may need legal advice to protect their rights and reputation.
On November 1, Year 1, Key Co. paid $3,600 to renew its now-expired insurance policy for 3 years. It recorded this payment as an expense. At December 31, Year 1, Key’s unadjusted trial balance showed a balance of $90 for prepaid insurance and $4,410 for insurance expense. What amounts should be reported for prepaid insurance and insurance expense in Key’s December 31, Year 1, financial statements?
Answer:
Prepaid Insurance 3,490
Insurance Expense 1010
Explanation:
November 1, Year 1,
Insurance Expense recorded = $3,600
Unadjusted balances:
Insurance Expense = $4,410
Prepaid Insurance =$90
* Assuming prepaid of $90 is from other insurance policy of $900 for 10 months and it has only one month to expired 9 moths charged as 810 (9 x 90 ) .
Actual Prepaid balance = $90 + ( 3600 x 34/36) = 90 + 3400 = 3,490
Actual Insurance Expense = 4,410 -3400 = 1010
Answer:
Prepaid insurance: $3,400
Insurance expense: $1,100
Explanation:
Since Key Co. paid $3,600 to renew its policy for 3 three years, it means that the cost per month = $3,600 / 36 months = $100
So during year 1 it has to record two months worth of insurance or $200, that means that the prepaid insurance account should decrease by $200 = $3,600 - $200 = $3,400.
The actual amount of insurance expense = $4,410 + $90 (prepaid insurance not previously expensed) - $3,400 (prepaid insurance balance) = $1,100
A consumer will often turn to one of their formal or informal ________ (one word) groups for advice and guidance on acceptable beliefs, attitudes, and consumer behaviors. This group might be colleagues at work, team members on sports team, or a club in which they are a member.
Answer:
Reference
Explanation:
Ali decides to attend the one-hour review session for microeconomics instead of working at his job. His job pays him $10 per hour. Ali's opportunity cost of attending the review session is _________.
Answer:
Opportunity cost is $10
Explanation:
Opportunity cost is the concept in economics that looks at the cost of doing an activity, that is the foregone alternative.
Ali decides to attend a one-hour review session in so doing he has foregone one hour's wages where he works. As one hour pays $10, he has lost $10 for attending the review session.
The opportunity cost of attending the review session for Ali is $10.
Opportunity cost is the value of the next best alternative that is foregone when a decision is made. In this case, Ali has the choice to either attend the microeconomics review session or work at his job for one hour. By choosing to attend the review session, Ali gives up the opportunity to earn money from his job. Since his job pays him $10 per hour, the opportunity cost of attending the review session is the amount of money he would have earned in that hour, which is $10.
A group of firms manufactures writing implements such as pens, pencils, and markers. This group should be referred to as a(n): a. service provider. b. substitute. c. market segment. d. regulator. e. industry.
Answer:
E. Industry
Explanation:
Industry or an industry is a group of firms/businesses/manufacturers a particular kind of goods and services. In this case, the firms that makes up the industry all manufactures writing implements (such as pen, pencils and markers). Simply put, an Industry is a sector that produces good or related services within an economy.
When classifying a firm into an industry, the major source of revenue is the necessary indicator used in doing so.
If changing market conditions cause a company earning $7,000,000 in 2018 to project a loss of 4% of its profit in each of the next 5 years, what profit does it project in 2023? (Round your answer to the nearest dollar.)
Answer:
$5,707,609
Explanation:
The computation of the profit for 2023 would be
Given that
Earning in 2018 = $7,000,000
Loss = 4%
So, the profit = 96%
For 2019 = $7,000,000 × 0.96 = $6,720,000
For 2020 = $6,720,000 × 0.96 = $6,451,200
For 2021 = $6,451,200 × 0.96 = $6,193,152
For 2022 = $6,193,152 × 0.96 = $5,945,425.92
For 2023 = $5,945,425.92 × 0.96 = $5,707,609
The company projects a profit of approximately $5,702,316 in 2023 based on a 4% projected loss each year starting from the $7,000,000 profit in 2018.
Explanation:To project the profit in 2023, we need to calculate the projected profit for each year and subtract it from the previous year's profit. Given that the company earned $7,000,000 in 2018, we can calculate the projected profit for each year by multiplying the previous year's profit by (1 - 0.04). The projected profit for 2019 would be $7,000,000 * (1 - 0.04) = $6,720,000. We can repeat this calculation for the following years to find the projected profit in 2023.
2019: $7,000,000 * (1 - 0.04) = $6,720,0002020: $6,720,000 * (1 - 0.04) = $6,451,2002021: $6,451,200 * (1 - 0.04) = $6,192,7682022: $6,192,768 * (1 - 0.04) = $5,944,774.2722023: $5,944,774.272 * (1 - 0.04) ≈ $5,702,316Therefore, the company projects a profit of approximately $5,702,316 in 2023.
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You are a solutions architect working for a large engineering company who are moving their existing legacy hardware to AWS. You have configured their first AWS account and you have set up IAM. Your company will be primarily based out of West Germany, however they will have a small subsidiary operating out of South Korea and you will need an AWS environment configured there as well. Which of the following statements is true;
1. You will then need to configure Users and Policy Documents for each region respectively.
2. You will need to configure Users and Policy Documents only once, as these are applied globally.
3. You will need to configure your users regionally, however your policy documents are global.
4. You will need to configure your policy documents regionally, however your users are global.
Answer:
2. You will need to configure Users and Policy Documents only once, as these are applied globally.
Explanation:
When using Amazon Web Services (AWS) for data management, creation of users and policy documents is done only once and will apply globally. The only factor that will affect the German and South Korean locations will be availability.
Around the globe there are availability stations that serves each region, spreading availability for the German and South Korean offices to more than one availability stations will solve this.
In AWS, both Users and Policy Documents are configured only once, as they apply globally across all regions. Therefore, there's no need for regional configuration of these entities.
Explanation:In the context of Amazon Web Services (AWS) and Identity Access Management (IAM), when configuring the system within different regions like West Germany and South Korea, the correct statement would be the second one. This is because Users and Policy Documents in AWS are global entities. Specifically, IAM Users that are created will have the same permissions across all the regions. IAM policies, which are essentially documents providing permissions, operate at a global level as well. This means that the permissions defined in those policy documents will be applied no matter what region your services operate in.
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A shortage of qualified personnel is one of the main reason that companies outsource. A project may require experts in a particular field for several months and planning for this procurement ensures that the needed services will be available for the project." Which of the following benefits does this characteristic of outsourcing provide an organization? a. Reduces focus on its core business b. Increases control over all aspects of projects that suppliers carry out c. Provides access to specific skills d. Reduces dependency on suppliers
Answer:
Correct answer is (c) Provides access to specific skills
Explanation:
Outsourcing for professionals and qualified personals in major companies handling specialist project can never be over estimate as this is very important for growth and developments of companies. Project handled by lousy quack is bound to be revisit for corrections of errors and adjustments of mistakes, which does not really go well with companies image and prestige. Therefore, outsourcing for professionals provide companies to access specific skills that are needed for proper execution of project.
The junior accountants at Stejings, a textile manufacturing company, are being interviewed to fill a vacancy for the position of senior accountant in the company. In this scenario, Stejings is engaged in_____.
A) internal recruiting
B) validation
C) structural accommodation
D) downsizing
Answer:
A) internal recruiting
Explanation:
Stejingsi s filling a vacant position from its junior employee so this is termed as internal recruiting. Whereas, Validation process is the performance assessment of employee. Structural Accommodation is the ability to change the organization's structure, Downsizing is the permanent reduction of workforce of the company.
Stejings is engaged in internal recruiting as they are filling a position of senior accountant by interviewing junior accountants from within the company. This is not an example of downsizing or polarization.
Explanation:In the scenario where junior accountants at Stejings, a textile manufacturing company, are being interviewed for a senior accountant position, Stejings is engaged in internal recruiting. This human resources strategy involves filling vacancies with candidates from within the organization rather than hiring externally. It can offer benefits such as reduced training costs and promotion of employee morale because it provides existing employees with opportunities for career advancement.
In contrast, downsizing is a process where an organization reduces the number of its employees to improve efficiency. The practice of polarization involves the increase in disparity between high-end and low-end jobs, causing the number of middle-level jobs to decrease. Therefore, both downsizing and polarization are not occurring in this scenario, according to the given information.
During the month of February, Smiling Moon Inc. had cash receipts of $10,000 and cash disbursements of $7,700. The February 28 cash balance was $2,400. What was the February 1 beginning cash balance?
A. $1,600.
B. $5,600.
C. $2,000.
D. $0.
E. $7,600.
Answer:
$100
Explanation:
Solution according to given question:
Cash receipts of $10,000
Cash disbursements of $7,700
Cash balance on February 28 $2,400
Ending cash balance = Beginning cash balance + Cash receipts - Cash disbursements
$2,400 = Beginning cash balance + $10,000 - $7,700
$2,400 = Beginning cash balance + $2,300
Beginning cash balance = $2,400 - $2300
Beginning cash balance = $100
There is an inconsistency between the information provided in the question and the options available
Orginal Question is as follows:
During the month of February, Hoffer Company had cash receipts of $12,900 and cash disbursements of $14,900. The February 28 cash balance was $3,600. What was the January 31 beginning cash balance?
$1,600
$5,600
$2,000
$0
$7,600
Correct Answer is B. $5,600.
Which of the following is a possible outcome of setting a legal maximum rental rate below the market clearing rental rate? a. a decrease in the quantity of rental housing demanded b. a surplus of rental housing c. an increase in the quantity of rental housing supplied d. a black market in rental housing
Answer:
The answer is d. a black market in rental housing
Explanation:
There is likely to be deficit of rental housing meaning Demand > Supply. Rental housing is likely to be sold in black market at a higher price.
Setting a maximum rental price below the market rate can lead to a shortage in rental housing, as the demand exceeds the set supply. This could potentially give rise to a black market in rental housing where renters pay extra fees to secure housing.
Explanation:When a legal maximum rental rate is set below the market clearing rental rate, it could result in a black market in rental housing.
This concept is primarily related to rent control laws. Rent control laws peg the price of rental housing at a certain level.
According to the example provided, if the city government sets a legal maximum price of $500 for a typical apartment, this may result in a discrepancy between the quantity of housing supplied and the quantity demanded.
At this capped price, the quantity of rental units supplied remains static. However, the quantity of rental units demanded exceeds this supply, resulting in a housing shortage. Ironically, there could be fewer apartments rented out under the price ceiling than at a higher, unrestricted market price. This might lead to the formation of a black market in rental housing, with potential renters willing to pay extra illegal fees or bribes to secure housing in the face of the shortage.
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Google is known for its successful products. It has the most popular search engine in the world, and its Android operating system gives competitor Apple a run for its money in the smartphone industry. Google has expanded into so many areas that it reorganized into a holding company called Alphabet. This holding firm includes Google as a search engine company as well as a number of other companies. According to the CEO, the new holding company will allow each firm to run more independently, which in turn keeps them more flexible to market opportunities. Google is also known for its strong lobbying efforts, having spent more than $4.5 million on lobbying within a four-month period. Google has most likely adopted a ____________ approach to environmental forces.
Answer:
Proactive
Explanation:
Proactive approach in this context refers to the act of actively influenced the environment around us so it works in our favor.
This can be seen in google actions in it's lobbying effort.
Often times, the law / regulation that created by a company will influence the final outcome of its operation. To handle it, Google basically have two choices:
- First choice. They can just wait and adapt to whatever law/regulation passed by the government.
- Second choice, they can take a proactive approach and try to influence the law through lobbying.
They can do this by helping a certain candidate achieving his/her position through monetary donation. In return, that candidate will have to pass the regulation that is favorable for google.