True or False: The shape of the production function reflects the law of diminishing marginal returns.
Answers
Answer:
True
Explanation:
When we graph a production function, we obtain an upward-sloping curve whose gradient (or slope) reaches a peak, and then, begans to flatten until it is fully flat.
This is because the law of diminishing returns states that there is a point when capital and labor are used optimally, and after that point, any additonal unit of capital or labor has a lower marginal productivity.
I will attach a graph of the production function that illustrates this point.
The statement is true. The shape of the production function reflects the law of diminishing marginal returns, where increasing units of a variable input eventually produce smaller increases in output.
The statement is true. The shape of the production function indeed reflects the law of diminishing marginal returns.
The law of diminishing returns, also known as the law of diminishing marginal returns, states that as more units of a variable input are added to a fixed input, the additional output generated by each new unit of input will eventually decrease.
To explain further, initially, adding more of the variable input (such as labor) to a fixed input (like machinery) can increase total output at an increasing rate.
However, due to the constraint imposed by the fixed factor of production, there comes a point where each additional unit of the variable factor adds less to the total output, thereby illustrating diminishing returns.
This phenomenon produces the characteristic shape of the production function, which can be seen as initially increasing at an increasing rate, then increasing at a decreasing rate, and eventually flattening out. This reflects the diminishing additional output gains as more units of input are added.
An example of this is observed in agricultural production: initially, adding more fertilizers to land can significantly boost crop yields.
However, after a certain point, additional fertilizers result in smaller increments in crop yield, due to the limited capacity of the soil to absorb fertilizers effectively.
Related Questions
n 2007, an unseasonably dry spring led to a sharp decline in the quantity harvested of black morels, a wild mushroom found throughout the upper Midwest. Due to the scant harvest, the price of black morels rose from $9 per pound to nearly $45 per pound. In 2008, slightly aboveminusnormal rainfall levels led to a large black morel harvest. Assuming that the demand for black morels did not change from 2007 to 2008, we would expect the 2008 black morel supply to ________ and the equilibrium price of black morels to
Answers
Answer:
Increase; fall
Explanation:
Due to the slightly above normal rainfall levels which led to a large black morel harvest, the supply of the commodity will increase.
However, since demand for the commodity is expected to remain the same as it was in 2007 despite the increase in supply, the equilibrium price is expected to fall as supply exceeds demand.
Tabby Tolman is a project coordinator at Tristar Solutions. Whenever a new project comes her way, she holds a project meeting and follows it up with repeated meetings to address any concerns the team members may have and to monitor their progress. However, with the peak of the business season arriving, she has been holding just one project initiation meeting for every project to save on time. She has become increasingly worried about the team's progress with no inputs coming from the members, and she has had no time to check with them. With two weeks left to go for a high priority project of a month's duration, she has now begun to see some work coming through and is relieved. This development reflects that the group is at the stage of:
Answers
Options:
A) forming
B) inertia following the first meeting
C) second phase of inertia before the group's last meeting
D) storming
E) transition following the halfway mark in the timeline
Answer:
E) transition following the halfway mark in the timeline
Explanation:
Tabby already formed the groups or teams that are going to be in charge of carrying out the organization's different projects, and they already started their work. Even though she is not part of any team, she must supervise them and is feeling really anxious because the number of new projects and she hasn't received information about existing projects.
Transition means change, and the Tabby is expecting change, since she knows that the individual projects must already be in their way or about to be finished. Apparently the business that Tabby's organization handles have a short life, since a one month long project is considered very long. She is expecting results.
The correct statement is that the development in such a group reflects that the group is at the stage of a transition following the halfway mark in the timeline. So, the correct option is E.
Generally, these kinds of situations happen with businesses having less manpower during the peak season of the business they are involved in which are easily able to rectified.
Tabby Tolman can follow a few steps to increase the efficiency of Tristar Solutions performing at the position of a project coordinator during their peak season.The business can start hiring additional employees on a temporary basis so that there are additional manpower and resources available at the time of peak season.Additionally, she can divide her teams in to different groups and order the leader of each group to report to her so that the work is also properly managed halfway mark in the timeline.Hence, the correct option is E that the developments that reflects about the group being at a transition following a halfway mark in the timeline.
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When Maria, the keynote speaker at a major business leaders' conference, arrived in the middle of the night at the Ritz-Carlton, she was exhausted and her suit was wrinkled from her 10-hour plane trip. The night clerk found someone to dry clean Maria's suit and have it ready for her morning presentation. She has been a loyal Ritz-Carlton customer ever since. In this example, Ritz-Carlton demonstrated the macro strategy of
Answers
Answer:
customer excellence
Explanation:
The night clerk is not in charge of looking for dry cleaners, he is not Maria's personal assistant nor does he own or operate a dry cleaning service. So the fact that he did more than his job requires him to do, exemplifies how Ritz-Carlton's employees are committed to providing excellent customer service. That small extra effort can really make a difference.
Suppose that the rise in the price of coffee beans resulted in a large decrease in the supply of Starbucks coffee while the lower prices by its competitor resulted in only a small decrease in demand. The net impact would be a:________.
Answers
Answer:
A price that is higher and lower quantity of Starbucks coffee
Explanation:
There was only a small decrease in demand for Starbucks coffee, and demand has been greatly decreased.
The demand for Starbucks coffee will remain high, supply will be limited and this will push the price high due to scarcity of the coffee.
Final answer:
The rise in the price of coffee beans and a decrease in demand results in a significant decrease in Starbucks coffee supply and a small decrease in demand. This leads to a reduced equilibrium quantity, while the impact on the equilibrium price is ambiguous and dependent on the relative shifts in supply and demand curves.
Explanation:
When we examine the impact of price changes on supply and demand for Starbucks coffee, we need to consider how both shifts in the supply curve and demand curve can affect the market equilibrium. A rise in the price of coffee beans leads to a decrease in supply as the cost of production increases, and this can be shown by a leftward shift in the supply curve. Conversely, a smaller decrease in demand from competitors' lower prices would yield a small leftward shift in the demand curve. When both supply and demand decrease, this simultaneously causes the equilibrium quantity of coffee to fall. However, the net impact on the equilibrium price is uncertain and depends on the relative magnitudes of the shifts in supply and demand curves.
For instance, if the supply curve shifts more than the demand curve, the equilibrium price would likely rise. But if the demand curve shifts more significantly than the supply curve, the equilibrium price could decrease. If both curves shift by equal amounts, the equilibrium price may remain unchanged. Given the more considerable decrease in Starbucks coffee supply and a smaller decrease in demand, the net impact would likely be a reduction in the equilibrium quantity and an ambiguous change in the equilibrium price.
Maurice, the marketing head of a nonprofit organization, always begins his presentation on a project by sharing a lesser-known fact about the issue that the project focuses on. This helps the members of the audience get a better picture of the importance of the issue and makes them more attentive. Given this information, it can be assumed that Maurice uses ________ to open his presentations.
Answers
Answer:
Maurice, the marketing head of a nonprofit organization, always begins his presentation on a project by sharing a lesser-known fact about the issue that the project focuses on. This helps the members of the audience get a better picture of the importance of the issue and makes them more attentive. Given this information, it can be assumed that Maurice uses persuasive means to open his presentations.
Explanation:
From the above analogy, it is a known fact that Maurice used persuasive presentation by presenting facts to support his claims in order to allow his audience to agree with his presentation.
Wie Corp's sales last year were $315,000, and its year-end total assets were $355,000. The average firm in the industry has a total assets turnover ratio (TATO) of 2.4. The firm's new CFO believes the firm has excess assets that can be sold so as to bring the TATO down to the industry average without affecting sales. By how much must the assets be reduced to bring the TATO to the industry average, holding sales constant?
Answers
Answer:
Assets must decrease by 223,750
Explanation:
the total assets turnover is calcualte as follows:
[tex]\frac{sales}{assets}[/tex]
As the new CFO jsut want to reduce assets and not to put the effort to increase sales as it see it less likely It will reduce assets (lower the credit term, lower inventory stocks among other measurements)
our goal is a value of 2.4 with sales of 315,000
[tex]\frac{315,000}{Assets} = 2.4\\Assets = 315,000 \div 2.4\\[/tex]
Assets = 131.250
currently the assets are 355,000
we need to redue it to 131,250 so we need a decrease in the order of:
355,000 - 131,250 = 223,750
To bring the TATO to the industry average without affecting sales, the assets of Wie Corp need to be reduced by $223,750.
Explanation:To bring the total assets turnover ratio (TATO) to the industry average without affecting sales, we need to determine the excess assets that need to be reduced. The formula for TATO is Sales / Average Total Assets. Given that the industry average TATO is 2.4 and Wie Corp's sales last year were $315,000, we can calculate the target average total assets using the formula:
Average Total Assets = Sales / TATO = $315,000 / 2.4 = $131,250
To find the excess assets, we subtract the target average total assets from the actual total assets:
Excess Assets = Actual Total Assets - Target Average Total Assets = $355,000 - $131,250 = $223,750
Therefore, the assets need to be reduced by $223,750 to bring the TATO to the industry average, holding sales constant.
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Marta’s Online Store Sells Accessories For A Widely Used Smartphone, And Her Current Customer Base Shares A Number Of Relevant Characteristics. She Believes She’ll Have Her Best Return On Investment By Narrowing Her Google Search Campaign Audience. Which Two Google Search Campaign Settings Can Be Configured To Reach More Specific Customers? (Choose Two.)1. Budget type
2. Web browser
3. Device type
4. Location
5. Budget
Answers
Answer:
3- Device Types
4- Location
Explanation:
These 2 settings can help Marta in targeting the specific audience she wants to.
Location Settings allows your campaign to reach the location of your choice, where Marta feels that the most relevant audience belongs. For example, if she feels that her customers mainly belong to Houston, so she could specify her campaign to Houston to save money instead of running the campaign in every part of the country.Device Type, specifying this category would allow limiting her audience to only specific people who are active on cellphones as mostly that's her customer base.The production plant for Ace Manufacturing has been located in the same place for over 100 years. It has just completed its new factory, which includes its new corporate offices. The planning required for moving Ace into a new facility is a single-use plan. (True/False)
TRUE OR FALSE
Answers
Answer:
True
Explanation:
A single use plan is basically a one time business transaction that is supposed to take place only once and should not be repeated in the future. In this case, the production plant has been used for more than 100 years, but once it is sold, its history and the company should no longer have any type of relationship with it.
Tale Tel is a mobile network operator. To increase its market share, the company installed many booths around Linway city to provide information to the general public about the features of its services. In this scenario, Tale Tel is focusing on the _____ element of the marketing mix.
a. production
b. pricing
c. distribution
d. promotio
Answers
Answer:
D.Promotion.
Explanation:
the correct answer is option d. Tale Tel is focusing on the promotion element of the marketing mix by installing booths to inform the public about its services and increase market share.
In the given scenario, Tale Tel is focusing on the promotion element of the marketing mix.
Promotion involves informing potential customers about the services and persuading them to make a purchase. By installing booths around Linway city to provide information to the public, Tale Tel is engaging in promotional activities to increase its market share. This element of the marketing mix is crucial as it ensures that the target audience is well aware of the product features and benefitsSuppose that Criminal Carl breaks into Vince Victim's house, steals the TV and does terrible damage to the property. However, when the police tell Vince they have footage of Carl committing the crime, Vince no longer wants to press charges because he and Carl were friends when they were children. 8. If Vince does not want to bring an action against Carl, what will happen to the civil case? There will be no civil case The government will bring the civil case against Carl Carl will be forced to testify 9. If Vince does not want to bring an action against Carl, what will happen to the criminal case? There will be no criminal case The case will be remanded The government may decide to bring a criminal case against Carl. 10. True or false: A defendant can still go to jail even if a victim does not want to go forward with a case.
Answers
Answer:
8) In civil court, one person - "plaintiff" files a lawsuit against another person "defendant" because of a dispute or problem between them. If the defendant loses the case, the person may be ordered to pay money to the plaintiff or return the stolen property like in the case of Carl and Vince, but the defendant does not go to jail just for losing the case.
If Vince does not want to bring action against Carl, the civil case would therefore be dropped.
9) If Vince does not want to bring an action against Carl, there would be no criminal case against Carl from Vince but the criminal case may be brought on by the government (note that the police already have evidence in the form of a footage of Carl committing the crime) and in this case if found guilty, then Carl may go to jail or prison.
10) A defendant can still go to jail even if a victim does not want to go forward with a case - True.
Like in this case for instance the Prosecutor can present other evidence that show the theft occurred such as the footage and if Carl is found guilty “beyond a reasonable doubt” which is a very high standard, then he can be sentenced to jail
Explanation:
The answer to question 8 is: There will be no civil case.
The answer to question 9 is: The government may decide to bring a criminal case against Carl.
The answer to question 10 is: True.
In the legal system, a civil case is a private dispute between individuals or organizations. If Vince Victim, the plaintiff, decides not to pursue a civil case against Criminal Carl, then there is no one to bring the case to court. Civil cases are initiated by the party that has suffered harm or loss, and if that party chooses not to seek legal remedy, the case cannot proceed. Therefore, if Vince does not want to bring an action against Carl, there will be no civil case.
Criminal cases are different from civil cases in that they are brought by the government on behalf of the people, not by the individual victim. The decision to prosecute a criminal case lies with the government prosecutors, not with the victim. Even if Vince Victim does not want to press charges, the government can still decide to prosecute Carl based on the evidence, such as the footage of the crime. The government's role is to enforce the law and protect the public interest, so it may choose to proceed with a criminal case against Carl regardless of Vince's wishes.
It is true that a defendant can still go to jail even if the victim does not want to go forward with the case. This is because criminal cases are a matter of public interest, and the decision to prosecute lies with the government, not the victim. The government's role is to uphold the law and ensure that justice is served, which can include sending a defendant to jail if they are found guilty of a crime. The victim's desire not to participate in the case does not necessarily absolve the defendant of criminal liability. The prosecution can use other evidence to pursue the case, and if the defendant is found guilty beyond a reasonable doubt, they can be sentenced to jail time."
What is the change in cash for a firm with the following: $10,000 cash flow from operations, $1,600 cash used for new investment, a reduction in the level of debt of $2,000, $1,000 in cash dividends, and $200 in depreciation expense
Answers
Answer:
The change in cash balance is $5,400.
Explanation:
Statement of Cash Flows summarizes use of cash in three main activities namely operating activities, investing activities, and financing activities.
The change in the cash balance can be calculated based on the net of cash inflows and outflows.
Depreciation expense is a non-cash item, therefore, it should not be included in the calculation.
Activity Cash Inflow/ (Outflow)
Cash from Operations $10,000
New investment ($1,600)
Repayment of debt ($2,000)
Cash dividends ($1,000)
Net Cash Flow $5,400
Sales: $460,000
Accounts Receivable Balance: $40,000
Cost of Goods Sold: $300,000
Inventory Balance: $87,000
Accounts Payable Balance: $25,000
Calculate the following matrics:
A/R days
Inventory days
A/P days
Cash-to-Cash days
When making your calculations, please follow conventional rules for rounding up or down to arrive at your answer.
A/R days ____
Inventory days ____
A/P days ____
Cash-to-Cash days ____
Answers
Answer:
A/ R Days ; 32 days
Inventory Days : 106 days
A/P Days: 49 days
Cash to cash Days: 89 days
Explanation:
Computation of A/R days
Accounts Receivables days are calculated by first determining the daily credit sales by dividing the annual credit sales amount with 365.
The receivable balance is then divided by the average daily credit sales to get the receivable days
Annual Sales $ 460,000/ 365 days = Average Daily Sales = $ 1260.27
Receivable Days = Receivable Balance $ 40,000/ $ 1260.27 = 32 days (rounded)
Computation of Inventory days
Inventory days are calculated by first determining the daily cost of goods sold by dividing the annual cost of goods sols with 365.
The inventory balance is then divided by the average daily cost of goods sold to get the inventory days
Cost of goods sold $ 300,000 / 365 days = $ 821.92
Inventory Days = Inventory balance / Average daily cost of goods sold
$ 87,000/ $ 821.92 = 106 days
Computation of A/P days
Accounts Payables days are calculated by first determining the daily credit purchases by dividing the annual purchases amount with 365.
The payable balance is then divided by the average daily purchases to get the payable days.
Since the purchase data is not provided we assume that the cost of goods sold is the credit purchases
Cost of goods sold $ 300,000 / 365 days = $ 821.92
Payable Days = Payables balance / Average daily cost of goods sold
$ 40,000/ $ 821.92 = 49 days
Cash to Cash Days
The cash to cash days is the period of converting the receivables and inventory balances to cash. It is calculated by the following formula
A/R Days + Inventory Days - A/P days
32 + 106 -49 = 89 days
Final answer:
To calculate A/R days, Inventory days, A/P days, and Cash-to-Cash days, the following formulas are used, resulting in 32 days, 106 days, 30 days, and 108 days respectively for each metric.
Explanation:
To calculate the A/R days, Inventory days, A/P days, and Cash-to-Cash days, we first need to understand what these metrics mean:
A/R days (Accounts Receivable days) indicates the average number of days it takes a company to collect cash from credit sales.Inventory days reflects the average number of days that a company holds inventory before it is sold.A/P days (Accounts Payable days) represents the average number of days it takes a company to pay its suppliers.Cash-to-Cash days is the cycle time between when a company pays out cash for inventory and when it receives cash from sales. It's calculated as Inventory days + A/R days - A/P days.For these calculations, we use the formulas:
A/R days = (Accounts Receivable / Sales) × 365Inventory days = (Inventory Balance / Cost of Goods Sold) × 365A/P days = (Accounts Payable / Cost of Goods Sold) × 365Using the provided figures:
A/R days = (40,000 / 460,000) × 365 ≈ 31.74, rounded to 32 daysInventory days = (87,000 / 300,000) × 365 ≈ 105.8, rounded to 106 daysA/P days = (25,000 / 300,000) × 365 ≈ 30.42, rounded to 30 daysCash-to-Cash days = Inventory days + A/R days - A/P days = 106 + 32 - 30 = 108 days
Therefore, the A/R days are 32 days, Inventory days are 106 days, A/P days are 30 days, and Cash-to-Cash days are 108 days.
4. Which of the following is not an accurate statement about the debt problem in
LDCs?
A In some countries, debt is greater than GDP.
O
B
The rise in value of the U.S. dollar caused a rise in debt.
O
C
Debt holders often seize government property when loans are not
repaid.
O
D
A rapid increase in the price of oil caused a great rise in debt.
Answers
Answer:
The correct answer is C
Explanation:
The problem of debt in LDC, in the medium or even long term, the source of the future credit for the imports of the capital goods and such credit has been intrinsic to the fast as well as rapid growth in a economic manner and their demand for the exports from the world of the industralized.
So, the one statement which is not correct is that the debt holders usually seize the government property, if the loans are not repaid.
Which of the following statements can be used to explain the growth of international business? a. Many countries in Europe and Asia were devastated after World War II and had to be rebuilt. b. The postwar population boom decreased demand for products. c. Changes in cultural traditions made the rest of the world open to all of the products made in the United States. d. Infrastructures in Europe and Asia remained sound in spite of World War II. e. All of these choices
Answers
Answer:
a. Many countries in Europe and Asia were devastated after World War II and had to be rebuilt.
Explanation:
a) after WWII the US emerge as world leader taking the place of the UK and trade betwene Europe and Asia making post in the US improved global trade.
b) The postwar boom increased demand for product.
c) The cultural traditions did changge but not in that direction the world divided into Communinst and Capitalism
d) No, they weren't at all. Even Britain who didn't suffer land invasion has the south coast in ruins as a resutl of the aereal battle of brittian.
A manager finds out that the productivity of her workers has declined. Therefore, she creates a new social setting for the workers, where they share pleasant social relations with one another and receive special attention from the supervisor. The manager has implemented lessons from _____ to improve the productivity of her workers.
Answers
Answer:
The Hawthorne Effect
Explanation:
The delight that comes from special attention motivates workers to increase their productivity. The Hawthorne effect is therefore the phenomenon that employees will perform better when they feel singled out for special attention or feel that management is concerned about employee welfare.
Example of Hawthorne Effect in Businesses
Example of Hawthorne effect is seen in business everyday. if a promotion opportunity is made available, those in the organization who wants the promotion would change their behavior by working harder, stay a little later and try to be outstanding.
once the promotion is given to the qualified person, those that didn't get it would likely return to their behavior. They know that they are being watched while the promotion decision is being made so they step up their performance.
A multiple-step income statement is thought to be more beneficial to financial users because of the revelation of important relationships. Which of the following is not separately identified on a multiple-step income statement?
A. Gross profit
B. Net income
C. Income taxes
D. Total costs and expenses
Answers
Answer:
D. Total costs and expenses
Explanation:
As we know that
The income statement reports the total revenues earned and the total expenses incurred for a particular period.
In the case of the multi-step income statement, the gross profit, net income, income tax expense has a separately identified rather show it as total cost and expenses. It shows the various expenses like - selling and administrative expenses, cost of goods sold, etc
Luke and Carol are two toymakers who both produce trains and cars. In one month, Luke can produce 5 trains or 20 cars, whereas Carol can produce 8 trains or 24 cars. Given this, we know that
Answers
Answer:
Carol has an absolute advantage in cars.
Explanation:
After many years of doing his laundry at a public laundromat, Brett was glad to move into an apartment with washer and dryer hookups. he planned to buy a washer and dryer to save time and money. Which of the following needs would the purchase satisfy?utilitarian needs T/F
Answers
Answer:
I believe the question is asking for a T/F answer.
The answer is T (True)
Explanation:
Under the "Utilitarian consumption," a utilitarian need is something that is functional to a person.
Purchasing the washer and the dryer is a very practical option, since Brett has been doing his laundry at the laundromat for many years. If he buys the washer and dryer, he'd be able to save more time and money so this means that the purchase is practical and a necessity for him. This will satisfy his utilitarian need.
The utilitarian need is an opposite to the "Hedonic consumption" wherein the hedonic need allows the person to purchase products that are thrilling and fun.
Thus, this explains the answer.
Joseph buys a Hummer for $59,000, financing it with a five-year 7.60% APR loan paid monthly. He decides to pay an extra $50 per month in addition to his monthly payments. Approximately how long will he take to pay off the loan under these conditions?
Answers
Answer:
57.07 months.
Joseph must decide whether the 57th payment was $1,327, or he can pay a 58th payment of just $92.
Explanation:
The easiest way to calculate a monthly payment is using a payment calculator:
principal = 59,000n = 60APR = 7.6%Monthly payments = $1,185.04
Since Joseph will pay an extra $50 each month, his payment = $1,235.04
By paying that extra amount Joseph will reduce his payments by almost 3 months to 57.07 months
After the 57th payment, Joseph' balance = $91.43, so he can decide to pay a little on the 57th payment or just pay $92 next month.
Kamara Jobs, a recruitment company, decides to launch its own global online application. It pays $200,000 to obtain the proven technology required to launch this application from an information technology firm. In the context of the costs of useful information, Kamara Jobs has incurred _____.A) processing costB) retrieval costC) acquisition costD) storage cost
Answers
Answer:
(C) Acquisition cost
Explanation:
The correct word for the given statement is acquisition cost
So option (c) is correct option
Acquisition cost alludes to the in with no reservations cost to buy a benefit. These expenses incorporate delivery, deals charges, and customs expenses, just as the expenses of site planning, establishment, and testing.
When securing property, obtaining expenses can incorporate looking over, shutting charges, and taking care of liens.
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Answer:
c. acquisition cost
Explanation:
Acquisition cost -
It refers to the amount necessary to buy any asset , is referred to as the acquisition cost .
The cost includes all the custom charges , taxes , shipping charges , testing , installation and preparation charges .
In case of acquiring any property , cost like , closing fees , surveying , paying off liens are also includes .
The total amount is the book value of the property or asset .
Hence , from the given scenario of the question,
The correct option is c. acquisition cost .
Marcus wants to have the deed to his new home recorded to protect his ownership rights. In order to record the deed, it must be notarized. Marcus must go before a notary public and verify the signing of the deed. The notary then signs the deed. The verification of Marcus' signature in the signing of the deed is known as:
A. Autograph
B. Attestation
C. Recording
D. Caveat Emptor
Answers
Answer:
B. Attestation
Explanation:
Attestation is the legal acknowledgement and verification of a document to ensure that due process have been followed.
It is the process of verification of documents to see if the basic requirements have been fulfilled and it all that is needed to be done, has been done
The verification of Marcus' signature in the signing of the deed is therefore known as attestation
Job 593 was recently completed. The following data have been recorded on its job cost sheet:
Direct materials $3,190
Direct labor-hours 71 labor-hours
Direct labor wage rate $15 per labor-hour
Machine-hours 175 machine-hours
The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $14 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 593 would be:
a.$6,705
b.$3,219
c.$5,249
d.$4,255
Answers
Answer:
a.$6,705
Explanation:
The total cost is the sum of the three cost component, Direct materials, direct labours, and factory overhead.
Direct Labor Cost: 71 hours x $15 per hour = $ 1,065
Manufacturing Overhead: 175 machine hours x $14 per hour = $ 2,450
Direct Materials $ 3,190
Total cost: 1,065 + 2,450 + 3,190 = 6,705
In an underwritten arrangement, the investment banker assures the company that is issuing new securities that the entire issue will be sold, which means the investment banker bears significant risks in such an offering.True / False.
Answers
Answer:
True
Explanation:
Underwritten agreement is a contract between an underwriter and issue of shares.
The firm commitment contract is where the underwriter assures the issuer the shares will be sold at an agreed price. This is safest for the issuer as the underwriter bears the risk of selling all the shares.
Underwritten agreement states the price, settlement date, and initial resale price.
Which term refers to the online means of communication, conveyance, and collaboration among the interdependent and interconnected networks of people, communities, and organizations?
Answers
Answer:
social media
Explanation:
social media - it is referred to as a platform of communication where people from different regions get interacted with each other through a communication device or medium like the internet, etc.
Social media is considered to be a faster-growing platform around the globe that helps people to come together and share their culture, tradition, etc.
Gambling appeals to basic human instincts: the desire for wealth, fascination with random events and beliefs in luck. in moderation , gambling can be simple escapist fun . a lottery , however isa poor way to gamble. the best ,easure for any game of chance is it payout ratio; for every dollar put in, how much is paid back? states lotteries
Answers
Answer:
True
Explanation:
Remember, gambling is a game of chance, meaning there is no 100% certainty of winning.
A random chance event occurs when gambling because for every dollar put in, how much is paid back is uncertain. However, because of the basic human instincts:
the desire for wealth, fascination with random events and beliefs in luck.people gamble.
Martin works as a pizza delivery person. He parks his bike outside Regalia Inc. To deliver an order. Meanwhile, a damaged book rack in Regalia, which is situated on the first floor of the building, falls down through an open window and crashes on his bike. However, no one admits to having seen the rack fall. Can Martin recover against Regalia for negligence?
Answers
Regalia Inc. may be held responsible for negligence if the book rack falling was a result of their failure to maintain safe conditions. However, without witnesses or strong evidence, it may be challenging for Martin to recover against Regalia.
Explanation:Under the legal principle of negligence, a person can be held responsible for an accident or injury if they failed to exercise reasonable care. In this case, Regalia Inc. may be considered negligent if it can be proven that they failed to maintain safe conditions and that the book rack falling was a result of their negligence.
However, without any witnesses, it may be challenging for Martin to recover against Regalia for negligence. He would need to provide strong evidence, such as security camera footage or expert testimony, to establish that the falling book rack was a result of Regalia's negligence. In the absence of such evidence, it would be difficult to hold Regalia liable.
Martin needs to consult with a lawyer who specializes in personal injury cases to assess the specific facts of the case and determine the best course of action.
If, as Johnny's income decreases, his demand for Upper T dash shirts increases, then for Johnny, Upper T dash shirts are _______.
a. an inferior good
b. a complement
c. a substitute
d. a normal good
Answers
Answer:
a. an inferior good
Explanation:
An inferior good is a good whose demand increases when income decreases and falls when income rises.
A normal good gas a positive relationship with income. Its demand increases when income rises and falls when income falls.
A substitute good is a good that can be used in place of another good.
A complement is a good that is demanded for together.
I hope my answer helps you
A period cost ________. a. is always expensed in the period in which it is incurred and NEVER becomes part of an inventory accountb. is the cost incurred by manufacturers to produce their products or incurred by merchandisers to purchase their products c. is a cost that can be traced to the cost object d. includes the cost of all resources used throughout the value chain Unselected I DON'T KNOW YET
Answers
Answer:
a. is always expensed in the period in which it is incurred and NEVER becomes part of an inventory account
Explanation:
Period cost is the cost that is incurred at the time passes. It also includes the major parts of the selling and administrative section of the income statement whether variable or fixed and it is neither capitalized also.
The examples of period cost is advertising expenses, delivery trucks depreciation, etc
So, it is never becomes part of an inventory account
Chandler Sporting Goods produces baseball and football equipment and lines of clothing. This year the company had cash and marketable securities worth $335,485, accounts payables worth $1,159,357, inventory of $1,651,599, accounts receivables of $1,488,121, short-term notes payable worth $313,663, and other current assets of $121,427. What is the company's net working capital?
Answers
Answer:
The company's net working capital is $2123612
Explanation:
Working Capital
Current Assets:
Cash & marketable securities worth $335,485
Inventory of $1,651,599
Accounts receivables $1,488,121
Other current assets $121,427
Total Current Asset $3,596,632
Less:
Current Liabilities:
Accounts payable worth $1,159,357
Short-term notes payable worth $313,663
Total Current Liabilities $1,473,020
Net Working Capital $2,123,612
Final answer:
Chandler Sporting Goods' net working capital is calculated by subtracting the total current liabilities ($1,473,020) from the total current assets ($3,596,632), resulting in a net working capital of $2,123,612.
Explanation:
To calculate Chandler Sporting Goods' net working capital, we need to first identify the company's current assets and current liabilities:
Current Assets include cash and marketable securities ($335,485), inventory ($1,651,599), accounts receivables ($1,488,121), and other current assets ($121,427).Current Liabilities include accounts payables ($1,159,357) and short-term notes payable ($313,663).Next, we calculate the totals for current assets and current liabilities:
Total Current Assets = $335,485 (cash) + $1,651,599 (inventory) + $1,488,121 (receivables) + $121,427 (other assets) = $3,596,632Total Current Liabilities = $1,159,357 (payables) + $313,663 (notes payable) = $1,473,020Finally, we determine the net working capital by subtracting the total current liabilities from the total current assets:
Net Working Capital = Total Current Assets - Total Current Liabilities
Net Working Capital = $3,596,632 - $1,473,020 = $2,123,612.
The company's net working capital is $2,123,612, indicating the funds available in the short term to finance ongoing operations and invest in new opportunities.
Which of the following statements is correct?a.An advantage of the corporate form for many businesses is the fact the corporate tax rate always exceeds the personal tax rate, which is the rate at which proprietorships and partnerships are taxed.b.Because corporations enjoy the benefits of limited liability, easy transferability of ownership interest, unlimited life, and favorable tax status relative to the situation for partnerships and proprietorships, most large businesses choose to incorporate.c.Because lawyers have the incorporation process so automated (e.g., word processors for drawing up the necessary papers), it is less expensive to form a corporation than to form a proprietorship or partnership.d.There are more partnerships and sole proprietorships than corporations in the U.S., but corporations produce more goods and services than do other forms of business.e.A major disadvantage of a regular partnership or a corporation as a form of business is the fact that they do not offer their owners limited liability, whereas proprietorships do.
Answers
Answer:
C. There are more partnerships and sole proprietorships than corporations in the U.S., but corporations produce more goods and services than do other forms of business.
Explanation:
The reason of this is the complexity of the process.
In general , forming partnership and sole proprietorship have lesser requirements than forming a corporation. So most business owner choose these based on convenience purposes.
That's being said, it is far easier for corporations to gather capital for their operation. They can do it by selling stocks /part ownership of their company. Larger capital means hat corporations will have more money to buy things such as materials and machinery. This is why corporations produce more goods and services than do other forms of business.
The correct answer is that there are more partnerships and sole proprietorships than corporations in the U.S., but corporations produce more goods and services. The key benefits of corporations, such as limited liability and ease of raising capital, make them well-suited for large-scale business despite the higher costs and regulatory complexity involved.
The correct statement is that there are more partnerships and sole proprietorships than corporations in the U.S., but corporations produce more goods and services than do other forms of business. This is due to the unique benefits corporations provide, such as limited liability, potential for easy transferability of ownership, unlimited life, and the ability to raise capital more efficiently. However, incorporating a business involves more complexity and cost compared to forming a sole proprietorship or partnership, which is why many small businesses may opt for simpler organizational structures. Corporations also face a double taxation issue, where the income is taxed at the corporate level and dividends distributed to shareholders are taxed again at the personal level. Despite this, the limited liability feature significantly lowers the financial risk for shareholders, making corporations an attractive option for large businesses.
Hence, the correct option is (d).