Phillip has $60 left to spend on DVDs and CDs, each costing $20. He can only afford 3 additional items in any combination within his budget. His budget line will connect the points (4,0) and (0,4) on a graph, indicating the total DVDs and CDs he can buy.
Explanation:Considering Phillip has already purchased 1 DVD and 1 CD, he has spent $40 from his $100 budget. Phillip wants to buy 3 more DVDs and CDs each, with each DVD and CD priced at $20. To draw Phillip's budget line, we need to understand how many additional DVDs and CDs he can afford with his remaining budget of $60.
Theoretically, without any prior purchases, Phillip could buy 5 DVDs or CDs in total since $100 divided by $20 equals 5. However, with 1 DVD and 1 CD already purchased, his budget line would then cross the horizontal axis (for CDs) at 4 and the vertical axis (for DVDs) at 4 due to the remaining $60 to be spent (each worth $20). The budget constraint would look like a line connecting these two points (4,0) and (0,4) with a slope of -1, indicating that for every additional DVD added, one CD must be removed, and vice versa, due to the budget constraint.
With respect to the bundles Phillip may choose, there are several combinations left up to the budget limit. For 3 more of each item, he would spend $120, which is beyond his budget, hence he cannot afford all 3 additional DVDs and CDs. Here are three different bundles within his budget that Phillip could consider with his remaining $60:
Bundle A: 2 DVDs and 1 CD (total cost $60)Bundle B: 1 DVD and 2 CDs (total cost $60)Bundle C: 3 DVDs and 0 CDs (total cost $60) or 0 DVDs and 3 CDs (total cost $60)Learn more about Budget Constraint here:https://brainly.com/question/34549599
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Microeconomics and macroeconomics Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. Microeconomics Macroeconomics The effect of a cigarette tax on the quantity of cigarettes sold The effects of the Internet on the pricing of used cars The government's decision on how much to spend on public projects
Answer:
Microeconomics - The effect of a cigarette tax on the quantity of cigarettes sold
Microeconomics - The effects of the Internet on the pricing of used cars
Macroeconomics - The government's decision on how much to spend on public projects
Explanation:
Microeconomics is the study of the economic action of individual economic agent or unit like individuals, household and the firm., it studies individual income, prices, and wages.
Macroeconomics is the study of the economic as a whole, it is the study of aggregates, like aggregate demand, aggregate supply, national income, inflation, population, exchange rate, interest rate, unemployment, e.t.c.
The following transactions were completed by Daws Company during the current fiscal year ended December 31:
Jan. 29. Received 35% of the $9,000 balance owed by Kovar Co., a bankrupt business, and wrote off the remainder as uncollectible.
Apr. 18. Reinstated the account of Spencer Clark, which had been written off in the preceding year as uncollectible. Journalized the receipt of $4,000 cash in full payment of Clark's account.
Aug. 9. Wrote off the $11,850 balance owed by Iron Horse Co., which has no assets.
Nov. 7. Reinstated the account of Vinyl Co., which had been written off in the preceding year as uncollectible. Journalized the receipt of $7,000 cash in full payment of the account.
Dec. 31. Wrote off the following accounts as uncollectible (one entry): Beth Connelly Inc., $12,100; DeVine Co., $8,110; Moser Distributors, $21,950; Oceanic Optics, $10,000.
Dec 31 Based on an analysis of the $1,450,000 of accounts receivable, it was estimated that $60,000 will be uncollectible.
Record the January 1 credit balance of $54,200 in a T account for Allowance for Doubtful Accounts.
Answer:
Explanation:
The T account is presented below:
Allowance for Doubtful Debts
Jan 29 $5,850 Jan 1 Beginning balance $54,200
Aug 9 $11,850 April 18 $4,000
Dec 31 $52,160 Nov 7 $7,000
Dec 31 Unadjusted
balance $4,660
Dec 31 Adjusting entry $64,660
Dec 31 Adjusted balance $60,000
Which statements would economist Robert J. possibilities frontier? Gordon agree with regarding the effect of technology investment on the production Choose one or more A. In the twenty-first century, investment in technology is an especially effective way to increase long-run production possibilities. As a booster of long-run production possibilities, investment in the technology of the twenty-first century is overrated e C. Technology investment had a bigger impact on long-run production possibilities a hundred years ago than it does today . Technology investment has a bigser impact on long-run production possiblities today than it did a hundred years ag
Answer:
The correct options are B and C
B. As a booster of long-run production possibilities, investment in the technology of the twenty- first century is overrated.
C. Technology investment had a bigger impact on long-run production possibilities a hundred years ago than it does today.
Reason-
In twenty-first century production increases because of technology investment. Technology investment means development in production technologies. Conversely In twenty-first century technology change rapidly hence production also rises rapidly. Hundred years back means in nineteen century influence of technology investment on PPF is greater than today because today technology changing is normal.
Final answer:
Robert J. Gordon may agree that technology investment had a bigger impact on long-run production possibilities a hundred years ago compared to today. While technology still contributes to economic growth, its transformative power on the production possibilities frontier may vary over time as per his perspective.
Explanation:
Regarding the views of economist Robert J. Gordon on the impact of technology investment on the production possibilities frontier (PPF), it's important to understand the context of his work. Gordon has been skeptical about the current technology's ability to boost productivity as significantly as past innovations, such as electricity and internal combustion engine, did. Therefore, he might agree more with the statement that the impact of technology investment had a bigger effect on long-run production possibilities a hundred years ago than it does today. This is because technological advancements in the past fundamentally transformed economies, leading to massive expansions in the PPF, whereas current technology investments, while still causing growth, may not incite such dramatic changes in economic productivity.
Overall, this does not negate the principle that an increase in the quantity or quality of factors of production or improvements in technology can shift the PPF outward, leading to economic growth. Over time, as we have seen, continuously improving technology does enable an economy to produce more goods and services, thus expanding consumption and the PPF. However, the rate of this expansion and the transformative impact of technology may differ between periods and is a subject of debate among economists like Gordon.
Nathan has just begun his informative speech when jackhammers start making a racket in a nearby parking lot. This bothers both Nathan and the audience. The jack hammer noise is an example of a/an:
a. Environmental distraction
b. Noise pollution
c. Psychological problem
d. Active noise
Answer:
The correct answer is letter "B": Noise pollution.
Explanation:
Noise pollution refers to all sounds produced by man because of his daily activities that create discomfort or damage somehow the natural environment. The noise is causing the pollution comes from honking horns, motor vehicles, manufacturing plants, and construction works just to mention a few.
You need to lift a 100 lbmrock 300ft with an electric motor that is 60% efficient, how much will it cost if the electricity is 10 cents per kWh?
Answer:
0.066 cent
Explanation:
Efficiency (E) = Energy output (Eo)/Energy input (Ei)
Eo = E × Ei
E = 0.6
Ei = mass × acceleration due to gravity × height
mass = 100lbm = 100×0.45359kg = 45.359kg, height = 300ft = 300/3.2808 = 91.44m
Ei = 45.359×9.8×91.44 = 40646.7Ws = 40.6467kWs = 40.6467kWs × 1h/3600s = 0.011kWh
Eo = 0.6 × 0.011kWh = 0.0066kWh
1kWh = 10 cents
0.0066kWh = 0.0066×10 = 0.066 cent
A Six sigma (6s) approach to quality focuses on preventing defects by using customer feedback to reduce variation and waste. Group of answer choices True False
Answer:
False
Explanation:
Six sigma is a tool used by organizations to improve their processes and reduce defects, to improve quality of their products or services.
It focuses on reducing variation in the business processes (from manufacturing, sales, delivery, to customer service), to reduce defects and increase the quality of goods and services. It also generally improves organizational performance and increases profit.
Six sigma does NOT focus on customers feedback to reduce variation and waste.
if the amount of money demanded is greater than the amount of money supplied, then the interest rate
Answer:
The correct answer is: decreases.
Explanation:
A larger money demand lower market interest rates, while a smaller demand tends to raise them. In a market economy supply and demand influence prices. In everyday life, people often have a greater demand for money than their reserves will accommodate. To get more money, they borrow from those who have an excess of cash. Interest rates determine that cost.
Patterson Brothers recently reported an EBITDA of $12.5 million and net income of $2.1 million. It had $2.0 million of interest expense, and its corporate tax rate was 30%. What was its charge for depreciation and amortization? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Do not round intermediate calculations. Round your answer to the nearest dollar, if necessary.
Answer:
$7,500,000 or $7.5 million
Explanation:
Given that,
EBITDA = $12.5 million
Net income = $2.1 million
Interest expense = $2.0 million
Tax rate = 30%
Earning before tax (EBT):
= Net income ÷ (1 - Tax rate)
= $2,100,000 ÷ (1 - 30%)
= $3,000,000
Earning before interest and tax (EBIT) to target EBT:
= EBT + Interest expense
= $3,000,000 + $2,000,000
= $5,000,000
EBIT = EBIT DA - Depreciation and amortization
$12,500,000 = $5,000,000 - Depreciation and amortization
Depreciation and amortization = $12,500,000 - $5,000,000
= $7,500,000 or $7.5 million
To find the charge for depreciation and amortization, subtract EBIT from EBITDA.
Explanation:To calculate the charge for depreciation and amortization, we need to first calculate EBIT which is Earnings Before Interest and Taxes. EBIT is calculated by adding interest expense and net income, and EBITDA is calculated by adding back the non-cash expenses like depreciation and amortization to EBIT. Therefore, we can calculate depreciation and amortization by subtracting EBIT from EBITDA.
EBIT = Net Income + Interest Expense
EBITDA = EBIT + Depreciation and Amortization
Depreciation and Amortization = EBITDA - EBIT
Given that the EBITDA is $12.5 million and the net income is $2.1 million, we can plug these values into the formula to find the charge for depreciation and amortization:
Depreciation and Amortization = $12.5 million - ($2.1 million + $2.0 million)
Depreciation and Amortization = $8.4 million
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Consider the market for cars. Which determinant of demand is affected by each of the following events? Choose from: consumer preferences, prices of related goods, incomes, expectations, and the number of buyers. a. Environmentalists launch a successful One Family, One Car campaign.b. A baby boom occurred 16 years ago.c. Layoffs increase as the economy sheds millions of jobs.d. An oil shortage causes the price of gasoline to soar.e. The government offers tax rebates in return for the purchase of commuter rail tickets.f. The government announces a massive plan to bail out the auto industry and subsidize production costs.
Answer:
a. consumer preferences
b. number of buyers
c. incomes
d. price of related goods
e. price of related goods
f. expectations
Explanation:
a. consumer preferences : It is characterized as the qualitative of the numerous bundles of products, as calculated by utility.
b. number of buyers : The number of buyers willing and capable to purchase goods is presumed to be continuous when building a demand curve.
c. incomes : Income is funds earned by an external party in return for the purchase of a product or service or through the expenditure of cash.
d. price of related goods : Cost and demand for the products. Fits are resources that are used together.
e. same as D.
f. expectations: A firm belief that anything is going to happen or be done in the future.
Consumer preferences, the number of buyers, incomes, prices of related goods, expectations, and the number of buyers are all determinants of demand that can be affected by various events in the car market.
Explanation:a. Consumer preferences
b. The number of buyers
c. Incomes
d. Prices of related goods
e. Prices of related goods
f. Expectations
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On the day Harry was born, his parents put $1200 into an investment account that promises to pay a fixed interest rate of 6 percent per year. How much money will Harry have in this account when he turns 21 (round to nearest $1)? If you could identify the TVM variable you're calculating, along with showing me how to calculate this step by step using excel it would be extremely helpful
The Future Value of an investment is calculated using the given formula. This is demonstrated using Excel, where the Present Value, Interest Rate, and Number of Years are input into the formula, and the Future Value is calculated automatically.
Explanation:This question is about determining the future value of an investment using the formula: Future Value = Present Value (1 + Interest Rate)^Number of Years. In this case, Harry's parents placed $1200 in an investment account with a fixed interest rate of 6 percent when he was born. So, the Present Value is $1200, the Interest Rate is 6% or 0.06, and the Number of Years is 21 because we want to know the amount when Harry turns 21.
Step 1: Open Excel and input the given data in cells: (You might name A1 as 'Present Value', A2 as 'Interest Rate', and A3 as 'Years'. B1 will be 1200, B2 as 0.06 and B3 as 21).
Step 2: In cell B4, you will write the formula= B1*(1+B2)^B3 and press Enter.
Step 3: Excel would automatically calculate the Future Value and display it in the cell B4 (rounded to the nearest dollar), which is the amount Harry will have in the account when he turns 21.
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Find the following values for the lump sum assuming annual compounding:The future value of $500 invested at 8 percent for one year.Future Value=$500 * (1+0.08) ^1Future Value=$540The future value of $500 invested at 8 percent for five years.Future Value=$500 * (1+0.08) ^5Future Value=$734.66The present value of $500 to be received in one year when the opportunity cost rate is 8 percent.Present Value=$500/(1+0.08) ^1Present Value =$462.96The present value of $500 to be received in five years when the opportunity cost rate is 8 percent.Present Value=$500/(1+0.08) ^5Present Value =$340.29
Answer:
a) 540
b) 734.66
c) 462.96
d) 340.29
Explanation:
Here is the formula and explanation for each case:
a) FV of 500 invested at 8% during a year:
[tex]Principal \: (1+ r)^{time} = Amount[/tex]
Principal 500.00
time 1.00
rate 0.08000
[tex]500 \: (1+ 0.08)^{1} = Amount[/tex]
Amount 540.00
b) FV of 500 invested at 8% during a five years:
[tex]Principal \: (1+ r)^{time} = Amount[/tex]
Principal 500.00
time 5.00
rate 0.08000
[tex]500 \: (1+ 0.08)^{5} = Amount[/tex]
Amount 734.66
c) PV of 500 at 8% discount rate within a year
[tex]\frac{Maturity}{(1 + rate)^{time} } = PV[/tex]
Maturity 500.00
time 1.00
rate 0.08000
[tex]\frac{500}{(1 + 0.08)^{1} } = PV[/tex]
PV 462.9630
d) PV of 500 at 8% discount rate in 5 years
[tex]\frac{Maturity}{(1 + rate)^{time} } = PV[/tex]
Maturity 500.00
time 5.00
rate 0.08000
[tex]\frac{500}{(1 + 0.08)^{5} } = PV[/tex]
PV 340.2916
The future value and present value calculations for a lump sum investment at a given interest rate.
Explanation:To find the future value of $500 invested at 8 percent for one year, use the formula Future Value = Present Value * (1 + Rate)^Time. In this case, Future Value = $500 * (1 + 0.08)^1 = $540.
To find the future value of $500 invested at 8 percent for five years, use the same formula. Future Value = $500 * (1 + 0.08)^5 = $734.66.
To find the present value of $500 to be received in one year when the opportunity cost rate is 8 percent, use the formula Present Value = Future Value / (1 + Rate)^Time. So, Present Value = $500 / (1 + 0.08)^1 = $462.96.
To find the present value of $500 to be received in five years when the opportunity cost rate is 8 percent, use the same formula. Present Value = $500 / (1 + 0.08)^5 = $340.29.
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West Company had the following account balances at December 31, 2016, before recording bad debt expense for the year: Accounts receivable $ 900,000 Allowance for uncollectible accounts (credit balance) 16,000 Credit sales for 2016 1,750,000 West is considering the following methods of estimating bad debts for 2016: ⢠Based on 2% of credit sales ⢠Based on 5% of year-end accounts receivable What amount should West charge to bad debt expense at the end of 2016 under each method? Percentage of Credit Sales Percentage of Accounts Receivable Multiple Choice $35,000 $29,000 $35,000 $45,000 $51,000 $29,000 $51,000 $45,000
Answer:
The amount reported must be on two simple rules that is as under:
1. The provision must reflect the bad debts of current year receivables only.
2. The provision must not reflect the bad debts of previous year receivables.
Now there are two ways we can solve this problem. One is using 2% of $1,750,000 of credit sales which is $35000 and the other one is 5% of $900,000 of the receivable amount which is $45,000.
Now we have to adjust the amount $45,000 for the bad debts already recorded in the accounts for the previous year, which is $16,000 for the year. So the net amount that we have to record is $29,000.
Dr Bad debt expense $29,000
Cr Provision for bad debts $29,000
In the case of Credit Sales percentage we just calculate the figure and pass the entry of bad debt as under:
Dr Bad debt expense $35,000
Cr Provision for bad debts $35,000
As a manager for a company that is looking to expand to India, what should your company focus on? Check all that apply.
a. Manufacturing processes
b. Employing translators to help break down the language barrier
c. Research and development opportunities
d. Information technology
Answer:
Employing translators to help break down the language barrier
Research and development opportunities
Explanation:
Employing translators to help break down the language barrier
Research and development opportunities
these are the pivotal areas i would invest in as these could are the foundation for entry of a business in india or into a new country
Answer:
B
Explanation:
Employing translators to help break down the language barrier.
Effective communication is a major barrier to global business growth and international commerce.
During the current year, the Jules Company incurred the following product costs:Direct materials used in production $250,000Direct labor $185,000Manufacturing overhead $245,500The Jules Company's beginning Work in Process Inventory was $20,000 and its ending Work in Process Inventory amounted to $30,000. What is the company's cost of finished goods manufactured for the year? A) $700,500. B) $690,500. C) $430,500. D) $670,500
Answer:
Option (D) is correct.
Explanation:
Given that,
Direct materials used in production = $250,000
Direct labor = $185,000
Manufacturing overhead = $245,500
Beginning Work in Process Inventory = $20,000
Ending Work in Process Inventory = $30,000
Cost of finished goods manufactured for the year:
= Direct materials used in production + Direct labor + Manufacturing overhead + Beginning Work in Process Inventory
= $250,000 + $185,000 + $245,500 + $20,000 - $30,000
= $670,500
Carly is applying for a position at a multinational corporation that will require her to work with people in other countries. Fortunately, she has experience doing this. To prepare for her interview, she is reviewing instances when she demonstrated a global mindset at her previous job. She knows that she will show the interviewer she has a global mindset by telling about times she has appreciated and influenced individuals, groups, organizations, and systems with different social, cultural, political, institutional, intellectual, and psychological characteristics.
Carly could best show the interviewer that she possesses the psychological dimension of the global mindset by discussing:
A) how fluent she is in german and how knowledgeable she is about german literature, film, and music
B) how much she enjoyed improving her conversational german by living with a host family for one semester in college how she was able to build strong, mutually trusting relationships with colleagues at manufacturing facilities in the Ruhr in Germany
Carly could best show the interviewer that she possesses the psychological dimension of the global mindset by discussing how much she enjoyed improving her conversational german and how she was able to build strong, manually trusting relationships with colleagues at manufacturing facilities in the Ruhr in Germany.
Explanation:
This is because this shows the qualities that the person to be selected has the required qualities and this will help Carly show the interviewer she has a global mindset by giving her real life experience examples like telling about the times she has appreciated and influenzed individuals and groups of people and it is the right way in which Carly can express her qualities with the interviewer and have a positive impact.
Assume that you contribute $150 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $350 per month for the next 25 years. Given an 8 percent interest rate, what is the value of your retirement plan after the 40 years?
Final answer:
To calculate the future value of a retirement plan with differing contributions over 40 years and an 8% interest rate, we use two separate calculations for the 15-year and 25-year contribution periods. The future value for each period is found using compound interest formulas, which include adjusting for the changing monthly contribution amounts.
Explanation:
To calculate the value of the retirement plan after 40 years, we will separate the calculation into two different periods due to the change in monthly contribution. For the first 15 years with a monthly contribution of $150 and an 8% annual interest rate, we use the future value of a series formula for compound interest:
FV = P \times \frac{[(1 + r)^n - 1]}{r}
Where:
FV is the future value of the investment.
P is the monthly contribution.
r is the monthly interest rate.
n is the total number of contributions.
For the first period:
P = $150
r = 0.08/12 (since 8% is the annual rate, we divide by 12)
n = 15 \times 12
The future value for the first period (FV1) will then be:
FV1 = 150 \times \frac{[(1 + 0.08/12)^(15 \times 12) - 1]}{0.08/12}
For the second period of 25 years with a monthly contribution of $350, we not only calculate the FV of these contributions (FV2) but also the compounded value of FV1 over the additional 25 years. Therefore we use:
FV2 = P \times \frac{[(1 + r)^n - 1]}{r} + FV1 \times (1 + r)^n
Where:
P = $350
n = 25 \times 12
Calculating FV2 gives us the total value of the retirement plan after 40 years.
The Laresen Company uses the machine hour method of applying factory overhead to production. The budgeted factory overhead last year was $200,000, and there were 40,000 machine hours budgeted. Job 84 was started and completed during the period. Direct materials costing $900 were incurred. Twenty-five direct labor hours were worked at a cost of $350, and 40 machine hours were incurred. What was the cost of Job 84?
Answer:
Total cost= $1,375
Explanation:
Giving the following information:
The budgeted factory overhead last year was $200,000, and there were 40,000 machine hours budgeted.
Job 84:
Direct materials= $900
direct labor hours= 25
Direct labor cost= $350.
First, we need to calculate the manufacturing overhead rate based on direct labor hours:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 200,000/40,000= $5 per direct labor hour
Now, we can calculate the total cost:
Total cost= direct material + direct labor + allocated overhead
Total cost= 900 + 350 + 5*25= $1,375
The liquidity of a company with significant amounts of obsolete inventory is best measured by the ______ ratio.
Answer:
The liquidity of a company with significant amounts of obsolete inventory is best measured by the inventory turnover ratio.
Explanation:
Depending on how functional the inventories are, the ratios of inventory turnover would bulk or shrink. To have a clear picture of the amounts of obsolete inventory, an examination of the inventory turnover ratio would help greatly as it would dispense the necessary comparative data related to all the inventories. The functionality of the inventories can thus be clearly devised from the inventory turnover ratio.A fire has destroyed many of the financial records at Anderson Associates. You are assigned to piece together information to prepare a financial report. You have found that the firm’s return on equity is 12% and its equity multiplier is 1.6667. Anderson has no preferred stock, its total current liabilities equal $250,000, and its total assets equal $2,500,000. The firm has no short-term debt. What is the firm’s total debt to total capital ratio if its ROE is 15%, its ROA is 10%, and its total current liabilities and total assets remain constant?
Answer:
25.9%
Explanation:
The firm’s total debt to total capital ratio is 25.9%
The Stone Company has observed that its utility cost is $5,000 when operating at a level of 20,000 machine hours per period. The utility cost drops to $4,000 when the operating level drops to 15,000 machine hours.
Required:
Estimate the utility cost for an operating level of 18,000 machine hours.
Answer:
$4,600
Explanation:
Data provided in the question:
Utility cost = $5,000
Operating level = 20,000 machine hours per period
Final utility cost = $4,000
Final operating level = 15,000
Now,
Variable cost per machine hour
= [Total cost at highest level-Total cost at lowest level] ÷ [ Highest level-Lowest level) ]
=[ 5000 - 4000 ] ÷ [ 20,000 - 15,000 ]
= $0.2 per machine hour
Therefore,
Fixed costs = $5,000 - [ 0.2 × 20,000 ]
= $1000
Total cost for 18000 machine hours
= [ 0.2 × 18,000 ] + 1000
= $4,600
When team members take direction from both the project and line managers, the type of project manager is usually:________a. Lightweight team leader b. Heavyweight team leader c. Tiger team leader d. Leopard team leader
When team members take direction from both the project and line managers, the type of project manager is usually Heavyweight team leader.
Explanation:
The project manager has direct links to and responsibility for the work of all project participants, usually senior managers in the organization, within a heavyweight team structure. The responsive managers are at the same stage or overridden.
They do indeed have expertise, experience and major corporate influence. In addition, these managers primarily influence public opinion working on the development work and directly monitor their work through key staff members of the core teams.
Often, the fundamental teams (their functional working fields) are committed and physically co-located with that heavy weight project leader.
The type of project manager when team members take direction from both the project and line managers is usually a Matrix Project Manager, a term not listed in the question's options. This relates to sociological studies of leadership styles such as democratic and authoritarian leaders.
Explanation:When team members take direction from both the project and line managers, the type of project manager is usually a Matrix Project Manager, which is not listed in the provided options (Lightweight team leader, Heavyweight team leader, Tiger team leader, Leopard team leader). The matrix management system involves team members reporting to two bosses: the project manager and the functional or line manager. This approach can often lead to shared responsibilities and collaborative problem-solving.
This management style is related to what is known in sociological studies as different leadership styles. For instance, democratic leaders encourage group participation and consensus in decision making, possibly resembling a collaborative work style in a matrix environment. On the other hand, authoritarian leaders, like some entrepreneurs, issue orders and assign tasks with a top-down communication pattern, which is more likely to be found in traditional, hierarchical organizational structures.
Which of the following is not a product cost?
(A) Property tax on the factory building
(B) Advertising
(C) Factory workers' salaries
(D) Indirect materials used in production
Explanation:
d indirect materials used in production hope it's right
Compare and contrast Borealis’old financial plan-ning and control system with its new system.
Answer:
Old: Budget controlled by financial controller
New: Budget not controlled by financial controller
Old: Budget provide control over cost structure
New: Set target for variable and fixed costs by benchmarking competitors
Old: No freedom to spend money
New: Freedom to spend money to meet benchmark.
Suppose the level of real GDP supplied by firms is $10.5 trillion and the price level is 105. In this case, the quantity of real GDP supplied is the real GDP demanded at a price level of 105, and firms will experience an unplanned in inventories. Firms will respond to the change in inventories by producing output until the economy reaches macroeconomic equilibrium at a price level of and real GDP of . Suppose consumers and businesses become less optimistic about future economic conditions, causing the aggregate demand curve to decrease by $1.5 trillion at each price level. Use the green line (triangle symbols) to show the new aggregate demand curve (AD2). Be sure that AD2 is parallel to AD1 (you can click on AD1 to see its slope). Then use the purple drop lines (diamond symbol) to indicate the new macroeconomic equilibrium after the shift of aggregate demand. The decrease in aggregate demand leads to a movement along the range of the aggregate supply curve, causing the equilibrium price level to and the equilibrium level of real GDP to .
Answer:
The new equilibrium will have a lower level of price and the GDP will be $9 trillion
Explanation:
The law of the demand explain the movements of the aggregate demand, the new equilibriun will have a lower level of price and the real GPD of $9 trillion. The change in the level of price depends on elasticities of the agregate demand and the agragate supply.
A decrease in aggregate demand leads to a shift in the aggregate demand curve and a new equilibrium with lower GDP and price levels. Lower wages during high unemployment can shift the short-run aggregate supply to the right, creating a new equilibrium at the initial GDP level but a lower price level.
Explanation:The student's question pertains to a decrease in aggregate demand within the Aggregate Demand/Aggregate Supply Model. To understand this, it's essential to recognize that the intersection of the aggregate supply and aggregate demand curves represents the equilibrium level of real GDP and the equilibrium price level in the economy. Initially, if real GDP supplied is $10.5 trillion and the price level is 105, that's the point of macroeconomic equilibrium. However, if aggregate demand decreases due to less optimism about future economic conditions, this decreases by $1.5 trillion at each price level. This decrease in aggregate demand causes a movement or shift to the left on the aggregate demand curve (from AD1 to AD2).
The result of this decrease is a new equilibrium with a lower GDP and downward pressure on the price level. For instance, a decrease in aggregate demand might shift the equilibrium from an output level of 500 and a price level of 120, to a lower output level of 450 and a price level of 115. During such times where unemployment rates may increase, wages might be held back. This lower wage can be viewed as a decrease in the price of a key input, which then shifts the short-run aggregate supply to the right, inducing a new equilibrium with the original GDP but at a lower price level.
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ABC Company, which is headquartered in the United States, has production plants in Mexico and Vietnam. According to this information, ABC company is Select one: A. a local company. B. a multinational enterprise. C. engaging in the globalization of markets. D. against globalization. E. engaging in international trade. Previous page
Answer:
According to the given information, ABC company is a multinational enterprise.
Explanation:
As we know that any country that extends its operations beyond the domestic boundaries of the country of its origin, it is deemed as a multinational organization. It is clear from the information given that ABC company operates through various branches that are based in different countries. These branches being outside the domestic boundary of the country of origin of the ABC company, it automatically becomes a multinational enterprise.According to economists, one reason few professional athletes have PhD’s is that the:
a. marginal cost of going to graduate school is too high.
b. explicit cost of going to graduate school would be too high.
c. comparative cost of going to graduate school is too high.
d. opportunity cost of going to graduate school is too high.
e. marginal benefit of going to graduate school is too high.
Answer:
d. opportunity cost of going to graduate school is too high.
Explanation:
The cost of choosing an alternative instead of another is known as the opportunity cost. In order to obtain a PhD, athletes would have to delay their professional careers, which would cause then to potentially miss out on years of millionaire contracts. Therefore, the opportunity cost of going to graduate school is too high.
Amber Corporation donated inventory of clothing (basis of $136,000, fair market value of $170,000) to a qualified charitable organization that operates homeless shelters.
Compute the charitable contribution deduction (ignoring the percentage limitation) for the C-corporation.
Answer:
charitable contribution deduction = $153000
Explanation:
given data
basis = $136,000
fair market value = $170,000
solution
we get here charitable contribution deduction that is express as
charitable contribution deduction = Basis + 50% of (Fair - basis) .......................1
put here value and we get
charitable contribution deduction = $136,000 + 0.50 ($170,000 - $136,000 )
charitable contribution deduction = $153000
Pick 2 of the business drivers that impact organizational security policies and explain why?
Answer:
loss of money and customer loyalty
Explanation:
security breach can lead to fraud on the company resulting in heavy financial losses. This can make customers feel unsafe about the company and not patronize the company. Most companies design their security policies such that they will not lose money resulting from hacking or glitches. The basic fundamental that drives profitability is also customer loyalty hence firms/companies design water tight security policies to ensure their customers feel safe with them. When there is data breach, customers get worried that their personal information may have been leaked to the public.
___ is the process of examining, documenting, and assessing the security posture of an organization’s information technology and the risks it faces. Select one: a. Risk identification b. Data classification c. Security clearance d. DR
Answer:
The correct answer is letter "A": Risk identification.
Explanation:
Risk identification is one of the steps used in the risk management process. Risks are determined through the measurement of the parameters that define them, the size of the loss or possible damage, and the possibility that the loss or damage eventually takes place.
In a business, risk supervision is a means to manage possible dangers and harm the business may suffer if the steps for security is not implemented.
Cyber attacks, compromise of data, safety violations are some of the risks an organization may face.
The correct answer is:
Option A. Risk Identification.
The explanation for this is:
A system that can determine the possible threat and can block the threat from affecting the business, investment and plans from attaining its purpose is known as risk identification.Data organisation is a system that organizes the information according to the data or file type.Security Allowance is the approval given to an individual or an organization to access the classified records.Therefore, Risk identification is a process of examining, documenting, and assessing the security of an organization's technology and the potential threats it can face.
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Suppose that Greece and Switzerland both produce rye and stained glass. Greece's opportunity cost of producing a pane of stained glass is 4 bushels of rye while Switzerland's opportunity cost of producing a pane of stained glass is 10 bushels of rye. By comparing the opportunity cost of producing stained glass in the two countries, you can tell that _____ (Germany, France) has a comparative advantage in the production of stained glass and ____ (Germany, France) has a comparative advantage in the production of rye.
Answer:
Greece; Switzerland
Explanation:
Greece:
Opportunity cost of producing a pane of stained glass = 4 bushels of rye
Opportunity cost of producing a bushel of rye = (1 ÷ 4)
= 0.25 pane of stained glass
Switzerland:
Opportunity cost of producing a pane of stained glass = 10 bushels of rye
Opportunity cost of producing a bushel of rye = (1 ÷ 10)
= 0.1 pane of stained glass
Therefore,
Greece has a comparative advantage in producing pain of stained glass because the opportunity cost of producing stained glass is lower than the Switzerland.
Switzerland has a comparative advantage in producing bushel of rye because the opportunity cost of producing a bushel of rye is lower than the Greece.
Greece has a comparative advantage in producing stained glass because it has a lower opportunity cost. In contrast, Switzerland has a comparative advantage in producing rye, due to having a lower opportunity cost in that field.
Explanation:In economics, the comparative advantage is developed when a country can produce a certain good at a lower opportunity cost than another country. From the information given, we can see that Greece has to give up 4 bushels of rye to produce a pane of stained glass, whereas Switzerland has to give up 10 bushels of rye to produce the same unit of stained glass.
Considering these opportunity costs, we can say that Greece has a comparative advantage in producing stained glass because it has to give up less rye (a lower opportunity cost) in comparison to Switzerland. Conversely, Switzerland has a comparative advantage in the production of rye because it can retain more rye than Greece by choosing not to produce stained glass.
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