Answer:
A. always increase with output.
Explanation:
There are basically 2 groups of cost namely; Fixed and variable cost.
The fixed cost are usually like sunk cost that will be incurred irrespective of how many units are produced.
Total variable costs refers to all elements of cost that vary proportionately with the level of activities or output. A good example is the direct material cost.
It is the total of the marginal cost over the units produced. The right answer is A. always increase with output.
Total variable costs, such as raw materials and labor costs, always increase with output. This is due to the need for additional resources as production increases. However, the per-unit variable cost remains constant.
Explanation:The correct answer to this question is (A) Total variable costs always increase with output. This is because variable costs are expenses that change in proportion to the activity of a business. Examples of variable costs include raw materials, direct labor costs, and sales commissions. If a business produces more goods or services, the total variable costs will increase accordingly due to the need for additional materials, labor, and so forth.
However, it's important to note that the per-unit variable cost remains constant. That is, the cost of making one additional unit remains the same.
The other options listed do not correctly describe the behaviour of total variable costs in relation to output. Options (B) and (C) might be mistaken for the description of how average total costs behave in the short run due to economies of scale and diseconomies of scale. Option (D) is incorrect because total variable costs do not decrease with an increase in output.
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If Aggregate Demand (AD) is pushed into the steep portion of the SRAS Curve, the economy will experience:a. Inflationb. Unemploymentc. Inflation AND unemploymentd. Neither inflation not unemployment
Answer:
a. Inflation
Explanation:
A shift of AD to the right will move output closer to potential GDP and thus reduce unemployment, but this shift will also lead to a higher price level and upward pressure on inflation
All else constant, a coupon bond that is selling at a premium, must have:
a. a yield to maturity that is less than the coupon rate.
b. a market price that is less than par value.
c. a coupon rate that is less than the yield to maturity.
d. a coupon rate that is equal to the yield to maturity.
e. semiannual interest payments.
Answer:
a. A yield to maturity that is less than the coupon rate.
Explanation:
If a coupon bond is selling at premium, this implies its current market price is higher than its par (face) value. But the coupon rate remains the same. So, since the price of bond has risen, the current market interest rate (yield to maturity) has to be less than the coupon rate. This is because the interest payment should be near about same or identical in case, when the bond is selling at premium and also in the case when the bond was selling at its par rate or value.
Hence, to arrive at around about the same interest payment, all else constant, a coupon bond that is selling at a premium, must have a yield to maturity that is less than the coupon rate.
Mike interviewed Dan for a sales clerk position, and Mike really liked Dan. They got along great in the interview, and they are both fans of the Green Bay Packers football team. Mike wanted to hire Dan on the spot, but per company policy, he checked Dan’s references. One of Dan’s previous employers said he was constantly late to work and was sometimes rude to customers. However, another previous manager said Dan only worked for her for six weeks but was satisfactory during that time. Mike decided that the second manager’s opinion was worth more than the first one’s and hired Dan. a. Overconfidence b. Justifying past decisions c. Seeing what you want to see d. Perpetuating the status quo
Answer:
c. Seeing what you want to see
Explanation:
Creating a __________ may be one of the most difficult tasks that will fall to the disaster recovery teamleader.A.need for the planB.diverse teamC.qualified team1
D.team spirit
Answer: it's C
Explanation:
Answer:
The correct answer is letter "D": team spirit.
Explanation:
A team spirit is a sense of belonging of the individuals of a group towards the organization they formed. In front of natural disasters, creating a team spirit could be challenging for team leaders because most people are interested in their self-care more than in others. Leaders must promote solidarity among the team members so they can also prioritize all those who are in more need than them. Collectively, their joint efforts will help the community to recover faster from the act of God.
Intel Corp has a share price of $31.63 and a yearly dividend of $1.50 per year. An option with a strike price of $27 has a call price of $6.10, and a put price of $2.65. It has a 1 yr expiry period. Assuming no interest, what is the predicted share price according to the put-call parity relationship
Answer:
predicted share price acc to put call parity is $31.95
Explanation:
given data
share price = $31.63
yearly dividend = $1.50 per year
strike price = $27
call price = $6.10
put price = $2.65
expiry period = 1 year
solution
Put Call Parity is price relationship between put option, call option and underlying stock
so we apply here basic put call parity formula that is
Po + So = Co +( D + X × [tex]e^{-rt}[/tex] ...................1
here Po is put option and Co is call option and X is strike price and So stock price and t is time and r is risk free rate and D is dividend and it is 0 here
so Stock price will be
So + Po = Co + D + X
So + $2.65 = $6.10 + $1.5 + $27
So = $31.95
so here predicted share price acc to put call parity is $31.95
Which of the following correctly summarizes an employer’s right to monitor telephone conversations?A.An employer has right to monitor telephone conversations, but only on equipment that is not provided by a communications service provider.B.An employer has right to monitor telephone conversations, but only on equipment that is not provided by a communications service provider.C.Telephone conversation monitoring in the ordinary course of business is only allowed witha court order.D.An employer has right to monitor telephone conversations in the ordinary course of business without a court order
Answer:
The correct answer is letter "D": An employer has right to monitor telephone conversations in the ordinary course of business without a court order.
Explanation:
Most companies handle their customer service operations through phone calls in contact centers. There, a typically large number of people work assisting the company's clients with their needs in regards to the company's product. To ensure those employees are providing clients with the right help, employers tend to monitor the calls for quality assurance purposes. Since this monitor or in some cases recording takes place under business conditions, there is no need for a court order.
Calgary Paper Company produces paper for photocopiers. The company has developed standard overhead rates based on a monthly capacity of 80,000 direct-labor hours as follows:
Standard costs per unit (one box of paper):
Variable overhead (3 direct-labor hours @ $4) $12
Fixed overhead (3 direct-labor hours @ $12) $36
Total $48
During April, 26,000 units were scheduled for production: however, only 20,000 units were actually produced. The following data relate to April.
Actual direct-labor cost incurred was $1,425,000 for 75,000 actual hours of work.
Actual overhead incurred totaled $1,372,500, of which $472,500 was variable and $900,000 was fixed.
Required:
Prepare two exhibits which show the following variances. State whether each variance is favorable or unfavorable, where appropriate.
1. Variable-overhead spending variance.
2. Variable-overhead efficiency variance.
3. Fixed-overhead budget variance.
4. Fixed-overhead volume variance.
5. Variable-Overhead Spending and Efficiency Variances.
Answer:
1. Variable-overhead spending variance. = $ 172,500 (favorable)
2. Variable-overhead efficiency variance. = $ 20,000 Favorable
3. Fixed-overhead budget variance. ( is not applicable)
4. Fixed-overhead volume variance. $ 60,000
5. Variable-Overhead Spending and Efficiency Variances.
$ 172,500 (fav) and $ 20,000 ( fav)
Explanation:
1. Variable-overhead spending variance=
Actual Variable Factory Overhead = $ 472,500
Variable Expense ( 75,000 actual hours at $ 4) = $ 300,000
Variable OH Spending Variance= $ 172,500 (favorable)
2. Variable-overhead efficiency variance.
Actual hours ( 75,000 ) * Standard OH rate= $ 300,000
Overhead charged to Production ( 80,000 * 4) = $ 320,000
Efficiency variance $ 20,000 Favorable
3. Fixed-overhead budget variance.
Fixed Expense Actual = $ 900,000
Fixed Expense Budgeted = ( 75000 Hours @ 12)= $ 900,000
Fixed OH Budget Variance = ( )
4. Fixed-overhead volume variance.
Normal Capacity Hours 80,000
Actual Hours allowed for production 75000
Capacity hours not utilized 5000
Volume variance ( 5000 hours *12) = $60,000
5. Variable-Overhead Spending and Efficiency Variances.
Actual Variable Expense = $ 472,500
Variable Expense for standard hours allowed ( 75000 *4) = 300,000
Variable Overhead Spending Variance = $ 172,500 favorable
Efficiency Variance
Actual Hours * Standard Overhead Rate = 75,000 * 4= $ 300,000
Overhead Charged To Production = 80,000 * 4= $ 320,000
Efficiency Variance = $20,000 Favorable
Consider a small economy that is closed to trade, so its net exports are equal to zero. Suppose that the economy has the following consumption function, where C is consumption, Y is real GDP, I is investment, G is government purchases, and T stands for net taxes:
Consider a small economy that is closed to trade,
C = 40 + 0.5 * (y - t)
Suppose G = $115 billion, I = $50 billion, and T = $10 billion.
Given the consumption function and the fact that for a closed economy total expenditure can be calculated as (y = c + i + g) , the equilibrium output level is equal to _______billion.
Suppose the government purchases are increased by $100 billion. The new equilibrium level of output will be equal to _____
Based on the effect of the change in government purchases on equilibrium output, you can tell that this economy's spending multiplier is equal to ____
Answer:
(a) $400 billion
(b) $600 billion
(c) 2
Explanation:
Given that,
G = $115 billion,
I = $50 billion, and
T = $10 billion
(1) In equilibrium,
Y = C + I + G
Y = 40 + 0.5(Y - 10) + 50 + 115
Y = 205 + 0.5Y - 5
0.5Y = 200
Y = $400 billion
(2) When G increases by 100,
new level of G = 115 + 100
= 215
Therefore,
Y = 40 + 0.5(Y - 10) + 50 + 215
Y = 305 + 0.5Y - 5
0.5Y = 300
Y = $600 billion
(3) Spending multiplier = Increase in Y ÷ Increase in G
= $(600 - 400) Billion ÷ $100 billion
= 200 ÷ 100
= 2
A consumption is depends upon the demand of particular product. If the company wants to earn more profit, they need to meet the consumption.
What is the term equilibrium about?
The term equilibrium means where the demand and supply of particular product meet with each other.
Given Information:-
G = $115 billion,
I = $50 billion, and
T = $10 billion
(1) In equilibrium,
Y = C + I + G
Y = 40 + 0.5(Y - 10) + 50 + 115
Y = 205 + 0.5Y - 5
0.5Y = 200
Y = $400 billion
(2) When G increases by 100,
new level of G = 115 + 100= 215
Therefore,
Y = 40 + 0.5(Y - 10) + 50 + 215
Y = 305 + 0.5Y - 5
0.5Y = 300
Y = $600 billion
(3) Spending multiplier = Increase in Y ÷ Increase in G
= $(600 - 400) Billion ÷ $100 billion
= 200 ÷ 100= 2
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Which statement about Zipcar illustrates how marketing can help to enrich society
Answer:
Zipcar mission statement
Our mission: to make urban living easy and responsible We envisage a future in which car club members outnumber car owners in major cities around the globe. Most of those city residents will live within a five-to-ten-minute walk from a Zipcar self-service.
Which of the following explains why the aggregate demand curve is downward sloping?a. The interest rate effectb. The real balance effectc. The open economy effectd. All of these
Answer:
The interest rate effect explains why the aggregate demand curve is downward sloping.
Explanation:
The interest rate effect proposed by Keynes suggests the reasons for why is the aggregate demand curve downward sloping. It states that, when the interest rates are low, people choose to invest owing to the decreased costs of investment. This investment stimulates a drop in the levels of price. The dropped prices thus increase the aggregate demand for the commodities of which the price has dropped.Preparing a trial balanceSmithson Floor Coverings reported the following summarized data at December 31, 2018. Accounts appear in no particularorder, and all have normal balances.Service Revenue 8 26.000 Salaries Payable $ 25,000Equipment 36,000 Salaries Expense 1,600Rent Expense 17,000 Cash » 7.000Common Stock 24.000 Accounts Receivable 3.600Accounts Payable 2.200 Interest Payable 6,000Dividends 16,100 Utillties Expense 1.900Prepare the trial balance of Smithson Floor Coverings at December 31, 2018.
Answer:
Smithson Floor Coverings
Trial Balance
As at 31st December 31, 2018
Account Dr ($) Cr($)
Revenue 26,000
Salaries Payable 25,000
Equipment 36,000
Salaries Expense 1,600
Rent Expense 17,000
Cash 7,000
Common Stock 24,000
Accounts Receivable 3,600
Accounts Payable 2,200
Interest Payable 6,000
Dividend 16,100
Utilities Expense 1,900
83,200 83,200
Explanation:
In accounting, liability, Income and equity items have credit balances while assets and expenses have debit balances.
With that background, Start by picking balance relating to income and post them to the credit side of the trial balance, like revenue.
After that, pick balance relating to liability post them to the credit side of the trial balance, like trade payable.
Then pick balance relating to equity item, post them to the credit side of the trial balance, like common stock.
After this, pick items relating to asset and post them to the debit side of the trial balance, like trade receivables. Then, pick items relating to expenses and then post them to the debit side of the trial balance.
At the end, all income, liability and equity item balances are posted to the credit side of the trial balance while assets and expenses item balances are posted to the debit side. And two sides balance.
Remember the purpose of a trial balance is to check the arithmetical accuracy of ledger balances and that was exactly what was done above.
Final answer:
A trial balance for Smithson Floor Coverings on December 31, 2018, lists out all asset accounts with debit balances and liability or equity accounts with credit balances, ensuring that the sum of debits equals the sum of credits.
Explanation:
To prepare the trial balance of Smithson Floor Coverings on December 31, 2018, you must list all the accounts and their balances in the appropriate debit or credit column. Since all accounts have normal balances, Service Revenue, Common Stock, Accounts Payable, Salaries Payable, and Interest Payable will have credit balances, while the others will have debit balances. Here is the trial balance:
Equipment - $36,000 (Debit)
Cash - $7,000 (Debit)
Accounts Receivable - $3,600 (Debit)
Salaries Expense - $1,600 (Debit)
Rent Expense - $17,000 (Debit)
Utilities Expense - $1,900 (Debit)
Dividends - $16,100 (Debit)
Service Revenue - $26,000 (Credit)
Common Stock - $24,000 (Credit)
Accounts Payable - $2,200 (Credit)
Salaries Payable - $25,000 (Credit)
Interest Payable - $6,000 (Credit)
The total of the debit and credit columns should be equal to ensure the accuracy of the entries, representing the balance sheet's equation where Assets = Liabilities + Equity.
If an investor uses the full amount of margin available, the equity in a margin account used for a stock purchase can be found as ________. A.market value of the stock - amount owed on the margin loanB. market value of the stock + amount owed on the margin loanC. market value of the stock margin loanD. margin loan x market value of the stock
Answer:A.market value of the stock - amount owed on the margin loan.
Explanation:
The concept above is explained by the concept of margin loan availability. This describes the amount in the margin account which is presently available for buying securities on the margin or for buying the amount in quantity that is available for withdrawal.
he most important function of packaging is a. offering convenience to customers. b. attracting the attention of the customer. c. communicating information to the customer. d. covering the product. e. protecting the product and maintaining its functionality.
Goliath Corp. has beginning accounts receivable of $2,000. During the year, Goliath sold goods to customers on account for $10,000. During the year, Goliath also sold goods to customers for cash in the amount of $2,000. At the end of the year, the balance in Goliath's accounts receivable is $3,000. What is accrual basis sales for the year
Answer:
$12,000
Explanation:
According to the accrual accounting method, the reporting of the transactions should be performed on an accrual basis which means whether or not the payment is paid but it is reported in the account books.
The revenue should be recorded when it is earned or realized and the expenses are recorded when it is incurred
So, in the given scenario, the amount based on accrual basis sales would be
= Goliath sold goods to customers on account + Goliath also sold goods to customers for cash
= $10,000 + $2,000
= $12,000
Goliath Corp's accrual basis sales for the year are $11,000. This is calculated by adding the starting accounts receivable, the sales on account, the cash sales, and then subtracting the end accounts receivable.
The accrual basis includes transactions when they occur, regardless of when cash changes hands. In Goliath Corp's case, you need to consider both the cash sales and the sales on account, even if some invoices haven't been paid by the end of the year.
For the accrual basis sales of the year, you should add: the beginning accounts receivable ($2,000), plus the sales to customers on account ($10,000), plus the cash sales ($2,000), and then subtract the ending accounts receivable ($3,000). After calculation, Goliath Corp's accrual basis sales for the year amount to: $11,000.
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A broker answered a call. A prospective buyer wants to see the home he drove by over the weekend. Feeling uncomfortable; for safety reasons the broker should:
Answer:
The correct answer is: insist they meet at the office before going out and showing the property.
Explanation:
In case Real Estate brokers are unsure to meet a prospective buyer of one of the properties they are selling, they could offer them to meet in the office where the broker's work to find out how serious this caller could be. Brokers could provide information on other similar properties they are offering as well during that appointment so the prospective buyer will not feel uncomfortable with the fact of going to the office first instead of meeting at the property of interest directly.
These selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars).
Cash $ 29.3
Accounts receivable 20.5
Inventory 28.7
Other current assets
24.0
Total current assets $102.5
Total current liabilities $201.2
Compute working capital and the current ratio. (If answer is negative enter it with a negative sign preceding the number e.g. -15,000 or in parenthesis e.g. (15,000). Round Current Ratio to 2 decimal places, e.g. 0.78 : 1.)
Working capital $These selected condensed data are taken from a rec
Current ratio These selected condensed data are taken from a rec :1
Answer:
Working capital is ($98.7) in millions
Current ratio is 0.51:1
Explanation:
Working Capital is the difference between current assets and current liabilities. So, $102.5 (in milions) less $202.2 (in millions) equals ($98.7) in millions. This means, the company's short-term obligation exceeds its current asset for the period.
Current ratio also known as liquidity ratio. It measures the company's capacity to pay short-term obligation. To compute current ratio we simply divide current assets over current liabilities.
Current Assets / Current Liabilities
$102,500,000 / $201,200,000
0.509443 or 0.51 : 1
Final answer:
Working capital is calculated as current assets minus current liabilities, which in this case results in $(98.7) million, indicating a deficit. The current ratio comes to 0.51 : 1, after dividing current assets by current liabilities, reflecting the company's liquidity situation.
Explanation:
To calculate the working capital, we subtract the total current liabilities from the total current assets. In this scenario:
Working capital = Total current assets \'96 Total current liabilities
= $102.5 million \'96 $201.2 million
= \'96(98.7) million or $(98.7) million.
The negative sign indicates a deficit in working capital, which means that the current liabilities surpass the current assets.
Next, to calculate the current ratio, divide the total current assets by the total current liabilities. Here is the computation for the current ratio:
Current ratio = Total current assets / Total current liabilities
= $102.5 million / $201.2 million
= 0.51: 1.
This ratio is rounded to two decimal places, providing a quick insight into the company's liquidity from these balance sheet figures.
Think of three goods for which the demand is inelastic with respect to price. Do these goods ever go on sale? Does understanding the relationship between elasticity and total revenue help you understand why some goods go on sale and others don’t? Share your thoughts.
Answer:
1. Basic Food Ingredients (Salt) , 2. Medicines , 3. Addiction Goods (Alcohol)
Explanation:
Demand (buyers ability & willingness to buy at a price - is Elastic if it responds more to price change , is Inelastic if it responds less to price change.
Following goods have inelastic demand (which responds less to price change) because of either its 'necessity' in nature or consumer being accustomed to it.
Necessity Goods: Basic food ingredients (salt), Medicines and
Goods to which consumer is habituated/addicted (Alcohol).
Such goods Price & Total Revenue (price x quantity) are directly related [Price increase, Total Revenue increase & Price decrease, Total Revenue decrease] .
So : TR direct relationship P↓TR ↓ - makes sale i.e price reduction of these goods non beneficial by not increasing (rather decreasing) Total Revenue. Hence , such goods are rarely put on sale.
Goods with inelastic demand such as essential medications, fuel, and salt may go on sale but less frequently, as lowering prices does not significantly increase the quantity sold nor total revenue. Understanding elasticity and total revenue is key for retailers to set effective pricing strategies.
Goods for which the demand is inelastic with respect to price include essential items such as diabetes medication, gasoline, and salt. These items are not very responsive to price changes because they are necessary for day-to-day living or don't have close substitutes. While these goods might go on sale occasionally, the sales are often less dramatic or frequent than for goods with elastic demand. Understanding the relationship between elasticity and total revenue helps explain why some goods go on sale and others don't. Generally, for goods with elastic demand, sellers might lower prices to increase total revenue by selling a greater quantity. However, for goods with inelastic demand, lowering the price does not significantly increase quantity sold, and may decrease total revenue. Therefore, sellers of inelastic goods have less incentive to put these items on sale.
Studying price elasticities is crucial for making informed pricing decisions to maximize revenue. Price elasticities impact revenue by indicating how a change in price will affect the total spending by consumers. Short-run and long-run impacts of elasticity affect equilibrium by altering the quantity supplied and the quantity demanded in a market, therefore retailers need to understand these principles to set effective pricing strategies.
At a price of $200, a cell phone company manufactures 100000 phones. At a price of $300, the company produces 300000 phones. What is the price elasticity of supply? (Round your answer to two decimal places.)
Answer:
2.5
Explanation:
P1=$200
P2=$300
S1=100000
S2=300000
The percentage change in price is:
[tex]\Delta P =\frac{300-200}{\frac{200+300}{2}}=0.4=40\%[/tex]
The percentage change in supply is:
[tex]\Delta S =\frac{300000-100000}{\frac{100000+300000}{2}}=1=100\%[/tex]
The price elasticity of supply is given by:
[tex]E=\frac{\Delta S}{\Delta P}=\frac{100\%}{40\%}=2.5[/tex]
The price elasticity of supply is 2.5.
The price elasticity of supply for the cell phone company is 4.00, indicating a high degree of responsiveness to changes in price. For every 1% increase in price, the company produces 4% more phones.
Explanation:The price elasticity of supply is a measure of how much the quantity supplied of good changes when its price changes. The formula for price elasticity of supply (PES) is (% change in quantity supplied) / (% change in price). In this case, the initial quantity supplied is 100,000 phones at a price of $200. The new quantity supplied is 300,000 phones at a price of $300. Therefore, the % change in quantity supplied is [(300,000-100,000)/100,000]*100 = 200%. The % change in price is [(300-200)/200]*100 = 50%. So, the price elasticity of supply is 200%/50% = 4.00.
So, for the cell phone company mentioned in the question, its price elasticity of supply is 4.00. This means that for every 1% increase in price, the company produces 4% more phones. This shows a high degree of price elasticity, indicating that the company is very responsive to changes in price.
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Spartan castings must implement a manufacturing process that reduces the amount of particulates emitted into the atmosphere. Two processes have been identified that provide the same level of particulate reduction. The first process is expected to incur $350,000 of fixed cost and add $50 of variable cost to each casting Spartan produces. The second process has fixed costs of $150,000 and adds $90 of variable cost per castings.
What is the break-even quantity beyond which the first process is more attractive?
What is the difference in total cost if the quantity produced are 10,000?
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
The first process;
Fixed costs= $350,000
Variable cost= $50
The second process:
Fixed costs= $150,000
Variable costs= $90
To calculate the break-even quantity we need to use the following procedure:
350,000 + 50*X= 150,000 + 90*X
X= number of units
200,000=40X
5,000=X
From 1 to 4,999 units, the second process is more convenient regarding costs. From 5001 to infinity the first process is more cost-efficient.
10,000 units:
First process= 350,000 + 50*10,000= $850,000
Second process= 150,000 + 90*10,000= $1,050,000
1. The break-even quantity beyond which the first process is more attractive is 5,000 castings. 2. The difference in total cost if the quantity produced are 10,000 is $200,000.
To find the break-even quantity and the difference in total cost for producing 10,000 castings using each process, we'll first calculate the total cost for each process, and then compare them.
1. Break-even Quantity:
Let Q be the number of castings produced.
For the first process:
- Fixed cost = $350,000
- Variable cost per casting = $50
Total cost ( [tex]TC_1[/tex] ) for the first process:
[tex]TC_1 = 350,000 + 50Q[/tex]
For the second process:
- Fixed cost = $150,000
- Variable cost per casting = $90
Total cost ( [tex]TC_2[/tex] ) for the second process:
[tex]TC_2 = 150,000 + 90Q[/tex]
To find the break-even quantity beyond which the first process is more attractive, we set the total costs equal and solve for Q :
350,000 + 50Q = 150,000 + 90Q
40Q = 200,000
Q = 5,000
Therefore, the break-even quantity beyond which the first process is more attractive is 5,000 castings.
2. Difference in Total Cost for 10,000 Castings:
For the first process:
[tex]TC_1 = 350,000 + 50 \times 10,000 = 350,000 + 500,000 = 850,000[/tex]
For the second process:
[tex]TC_2 = 150,000 + 90 \times 10,000 = 150,000 + 900,000 = 1,050,000[/tex]
The difference in total cost for producing 10,000 castings using each process is:
[tex]TC_2 - TC_1 = 1,050,000 - 850,000 = 200,000[/tex]
Therefore, the difference in total cost is $200,000.
The complete question is:
Spartan castings must implement a manufacturing process that reduces the amount of particulates emitted into the atmosphere. Two processes have been identified that provide the same level of particulate reduction. The first process is expected to incur $350,000 of fixed cost and add $50 of variable cost to each casting Spartan produces. The second process has fixed costs of $150,000 and adds $90 of variable cost per castings.
1. What is the break-even quantity beyond which the first process is more attractive?
2. What is the difference in total cost if the quantity produced are 10,000?
You are an excellent investor and have averaged a 12% rate of return over the last 20 years. Over the same time period, inflation has averaged 3.2%. What is the real rate of return you have earned on your investments?
Answer:
real rate of return = 8.8%
Explanation:
given data
nominal rate of return = 12 %
time = 20 year
inflation rate = 3.2%
solution
we will apply here Nominal rate of return to get real rate of return that is
nominal rate of return = Real rate of return + Inflation rate ......................1
put here value and we will get real rate of return
real rate of return = nominal rate of return - inflation rate
real rate of return = 12% - 3.2%
real rate of return = 8.8%
The real rate of return is found by subtracting the inflation rate from the nominal rate of return. With a 12% nominal rate and a 3.2% inflation rate, the real rate of return is 8.8% per year.
To calculate the real rate of return on investments, one must adjust the nominal rate of return by taking into account the rate of inflation. The formula to find the real rate of return is to subtract the inflation rate from the nominal rate of return. In your case, if the investment's nominal rate of return is 12%, and the average inflation rate is 3.2%, you can calculate the real rate of return like this:
Real Rate of Return = Nominal Rate - Inflation Rate
Real Rate of Return = 12% - 3.2%
Real Rate of Return = 8.8%
Therefore, the real rate of return you have earned on your investments, after adjusting for inflation, is 8.8% per year.
In which phase of the job search cycle will you write a thank-you letter to the company following your interview?
a. Create Your Resume
b. Apply for Jobs
c. Shine at Interviews
d. Connect, Accept, and Succeed
Answer:
c. Shine at Interviews
Explanation:
We write a thank-you letter to the company after shine at Interviews in order to follow up
Which of the two project below would you pursue, if you based the decision on ROI (Discount rate: 10%)? Project 1 had a cash flow as follows: Year 0: -5K, Year 1: 3K, Year 2: 2K, Year 3: 1K Project 2 had a cash flow as follows: Year 0: -7K, Year 1: 5K, Year 2: 3K, Year 3: 2K
Answer:
Project 2 should be accepted as it's net present value (NPV) is higher
Explanation:
Project 1
Year Cash Flows Discounting factor @10% Present Value(in $)
0 (5000) 1 (5000)
1 3000 0.909 2727
2 2000 0.826 1652
3 1000 0.751 751
NPV $130
Year Cash Flows Discounting Factor @10% Present value (in $)
0 (7000) 1 (7000)
1 5000 0.909 4545
2 3000 0.826 2478
3 2000 0.751 1502
NPV $1525
Note: Cash flows in brackets denote cash outflows or negative cash flows.
The question is about comparing the ROI of two projects. After calculating the discounted cash flow of each project, we find that Project 2 has a higher present value, thus it is the better project to pursue based on ROI.
Explanation:The subject is about return on investment (ROI). To calculate ROI, we must compute the present value of expected cash flows and compare them for both projects. The present value calculation discounts future cash flows against a chosen rate, in this case, a discount rate of 10%.
For Project 1: the present value = -5K + 3K/(1+0.10) + 2K/(1+0.10)^2 + 1K/(1+0.10)^3 = $0.12K.
For Project 2: the present value = -7K + 5K/(1+0.10) + 3K/(1+0.10)^2 + 2K/(1+0.10)^3 = $0.66K.
Since Project 2 has a higher present value, it is the one you'd want to pursue based on ROI.
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You share a cab ride with your company's CEO and he talks enthusiastically about the __________, that can be achieved when the subsystems of the organization are managed to contribute more than the sum of their parts.
A. Contingency View
B. Synergy
C. System Thinking
D. Total quality management
Answer:
The correct answer is letter "B": Synergy.
Explanation:
Synergy is the belief that the whole is more than the sum of all its parts. In Business, synergy implies that the whole organization is more important than the individual effort of the employees. This approach aims to let workers know that their joint work is more valuable than their isolated performance.
Synergy is the correct answer. It refers to the situation where the combined effect of the components in a system is greater than the sum of their individual effects. This can be experienced within an organization when the subsystems are well-coordinated for maximum efficiency.
The correct answer to this question is B. Synergy. The term 'synergy' refers to a situation where the combined effect of the components or contributors in a system is greater than the sum of their individual effects. In the context of an organization, when the subsystems are managed effectively to contribute more than their individual capacities, it results in synergy, which gives the organization a competitive advantage. For example, in a team where each individual is good at something different, when they work together under the umbrella of a single project, their combined skills can create a superior result compared to if they were working individually.
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Federal subsidies that are only given to dairy farmers who own more than one hundred cows may raise concerns about the ______ of the policy.
Answer:
The correct word for the blank space is: equity.
Explanation:
People expect the government to implement policies that will boost the overall economy and that will provide equal opportunities. Though, sometimes certain criteria must be met so those policies can apply. This causes people who are not eligible to access the policies' benefits to believing the regulation itself does not have an equity principle.
A man purchased a magazine at the airport for $ 2.79 . The tax on the purchase was $ 0.15 .What is the tax rate at the airport?
Answer:
Tax on the airport= 5.376%
Explanation:
The tax rate on the airport can be calculated from the price of the magazine on the airport and tax which is on the magazine when purchasing from the airport.
Tax rate at the airport=(Tax on the Purchase)/(Price of magazine at which it is purchased)
[tex]Tax\ rate\ at\ the\ airport=\frac{\$0.15}{\$2.79}[/tex]
[tex]Tax\ rate\ at\ the\ airport=0.05376[/tex]
In percentage:
Tax on the airport= 0.05376*100
Tax on the airport= 5.376%
The tax rate on the magazine purchased at the airport can be calculated by dividing the tax amount by the purchase price and multiplying by 100%. In this case the tax rate is approximately 5.38%.
Explanation:The problem is asking to find the tax rate. This can be calculated using the formula: Tax Rate = (Tax / Purchase Price) x 100%. In this case, the purchase price of the magazine was $2.79 and the tax was $0.15.
Therefore, substituting these values into the formula, we have: Tax Rate = ($0.15 / $2.79) x 100% = 5.38%. So, the tax rate at the airport is approximately 5.38%.
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Learning is pervasive in our lives, but there are two different theories on how people learn the ________ theories and the ________ theories.a. behavioral; affective b. cognitive; rational c. behavioral; cognitive d. emotional; affective e. experiential; intentional
Final answer:
Learning theories are typically divided into behavioral and cognitive approaches, with behavioral focusing on responses to environmental stimuli and conditioning, while cognitive emphasizes mental processes and learning through imitation or instruction.
Explanation:
Learning is pervasive in our lives and encompasses different understanding mechanisms, as highlighted by two prevailing theories — the behavioral theories and the cognitive theories. Behavioral learning theories center on how our environment and interactions with it shape our behavior through conditioning mechanisms such as classical and operant conditioning. On the other hand, cognitive learning theories focus on the internal thought processes and mental activities that influence our ability to process and integrate new information. Cognitive learning involves understanding, synthesizing, and applying knowledge to solve problems and is seen in behaviors that result from learning by imitation or instruction.
Classical examples demonstrating cognitive theory include Albert Bandura's social learning theory which incorporates the idea of observational learning and reciprocal determinism, as well as concepts such as self-efficacy which affects how individuals approach goals and challenges. This stands in contrast to strictly behavioral perspectives that consider learned behaviors as responses to stimuli without the influence of mental states. Both cognitive learning and behavioral learning are essential to everyday practical living and are typically referenced in the context of both formal education and informal education.
Considering the example of Buhrke Industries from chapter 1 of the text, which form of value chain does Buhrke Industries employ? a. Input-output b. Pre- & post- production services c. Hierarchical supply chain
Answer:
a. Input-output
Explanation:
Considering Buhrke receives materials from suppliers, and produces output (goods) from it, they utilize an input-output value chain. It means that focus is put on the actual creating of value using input operations. Since the source of their income is the selling of goods, the input-output model describes the steps that transform raw materials into final goods.
How do you manage innovation if ideas can come from anywhere, including people who aren’t your direct employees—or aren’t even part of the company?
Answer and Explanation:
Development is a significant part for any association. It makes ready for organization's sustenance and ensures that the association is rivalry in a sound way in the market. Be that as it may, overseeing advancement can be a precarious circumstance. So as to oversee advancement that can emerge out of where anyplace, the association needs to comprehend the significance of the development and the wellsprings of development.
Associations need to make arrangements to support developments, open dialog on these issues and advance individuals who achieve the changes. So as to do that the organization need to instill the way of life of advancement. This requires changes in the manner association works, the objectives, the crucial vision of the organization. The estimation of the organization must be set up in a manner that advances development and prizes the individuals who are engaged with this procedure.
Listed here are product costs for the production of soccer balls. Identify each cost (a) as either fixed or variable and (b) as either direct or indirect.
1. Lace to hold leather together
2. Wages of assembly workers
3. Coolants for machinery
4. Annual flat fee paid for factory security
5. Leather covers for soccer balls
6. Machinery depreciation (straight-line)
7. Taxes on factory
Answer:
a) Fixed or variable and (b) as either direct or indirect.
Explanation:
1. Lace to hold leather together: indirect cost/ variable
2. Wages of assembly workers : direct cost/ variable
3. Coolants for machinery : indirect cost/ fixed
4. Annual flat fee paid for factory security : indirect cost/ fixed
5. Leather covers for soccer balls: direct cost/ variable
6. Machinery depreciation (straight-line): indirect cost/ fixed
7. Taxes on factory: indirect cost/ fixed
The product costs for the production of soccer balls can be categorized as fixed or variable, as well as direct or indirect costs. The lace used to hold the leather together, wages of assembly workers, and leather covers for soccer balls are examples of variable and direct costs. Coolants for machinery, annual flat fee paid for factory security, machinery depreciation, and taxes on the factory are examples of fixed and indirect costs.
Explanation:1. Lace to hold leather together:
(a) Variable cost - It varies depending on the number of soccer balls produced.
(b) Direct cost - It can be directly traced to the production of soccer balls as it is specifically used to hold the leather together.
2. Wages of assembly workers:
(a) Variable cost - It changes based on the number of hours worked or the number of workers hired.
(b) Direct cost - It can be directly attributed to the assembly of soccer balls as it is paid to the workers involved in the production process.
3. Coolants for machinery:
(a) Variable cost - It is dependent on the usage and maintenance of the machinery.
(b) Indirect cost - It is not directly tied to the production of soccer balls but is necessary to keep the machinery running smoothly.
4. Annual flat fee paid for factory security:
(a) Fixed cost - It remains constant regardless of the level of production.
(b) Indirect cost - It is not directly associated with the production process but is necessary for maintaining a secure environment in the factory.
5. Leather covers for soccer balls:
(a) Variable cost - It varies with the number of soccer balls produced.
(b) Direct cost - It can be directly allocated to the production of soccer balls as it is used to make the covers.
6. Machinery depreciation (straight-line):
(a) Fixed cost - It remains constant over time.
(b) Indirect cost - It is not directly linked to the production of soccer balls but represents the ongoing wear and tear of the machinery.
7. Taxes on factory:
(a) Fixed cost - It does not change regardless of the level of production.
(b) Indirect cost - It is not directly tied to the production process but represents the taxes paid for operating the factory.
Which of the directives in "The Dialogue Decalogue" would be the most difficult for you to put into practice if you participated in a dialogue with a person from a religious tradition other than your own (or any religious tradition, if you are not religious yourself)?
Answer: I think the 6th commandment in the dialogue Decalogue would be the most difficult.
Explanation: It is difficult not to assume because it is human nature to do so. Even though assumption is the worst form of enquiry, humans tend to assume in countless situations which leads to misunderstandings and disagreements.
Answer:
The difficult one for me to put into practice if I participated in a dialogue with a person from a religious tradition other than my own would be the 6th commandment in the dialogue Decalogue Explanation: each partner should not only listen to the other partner with
openness and sympathy but also attempt to agree with the dialogue partner as far as is possible while still
maintaining integrity with his own tradition; where he absolutely can agree no further without violating his own
integrity, precisely there is the real point of disagreement—which most often turns out to be different from the
point of disagreement that was falsely assumed ahead of time.