Answer:
The answer to characteristics of a good leader are:
1) Honesty
2) Communication
3) Sense of humor
4) Commitment
5) Creativity
The answer to a Good manager characteristics:
1) Leadership
2) Communication
3) Reliability
4) Time management
5) Experience
Explanation:
In understanding the difference between leaders and managers is that leaders have people follow them while managers have people who work for them. A successful business owner needs to be both a strong leader and manager to get their team on board to follow them towards their vision of success. Leadership is about getting people to understand and believe in your vision and to work with you to achieve your goals.
The similarities between a leader and a manager can be clearly seen as both rely on effective communication, both are accountable for results, both supervise groups or teams of people, both will typically evaluate employees.
The Rational Consumer — Work It Out: Question 4 of 4 The price of bagels increases to $4, but the price of coffee remains at $2 per cup. Which bundle is her optimal bundle assuming she still has $8 of income?
Answer:
1 bagels and 2 cups of coffee.
Explanation:
The price of bagels increased to $4 but the price of coffee stayed at $2 per cup. But her incomes still remains at $8.
let x = quantity of bagel
y = quantity of coffee (cups)
income cost = $8
8 = 4x + 2y
8 = 4(1) + 2(2)
it's equal to 8.
1 bagels and 2 cups of coffee.
Note that consumption bundle is a set of product a consumer choose to consume base on her taste and preference. It is also affected by the consumer's budget and this can be used to get the total utility. From the question consumption bundles that lies on his/her budget line are coffee and bagels.
Managers are probably best qualified to predict when A. currency exchange rates are most favorable. B. a firm they wish to acquire is most undervalued. C. market interest rates are at their lowest point. D. interest rates are peaking. E. their company's stock is overvalued
Answer:
The correct answer is letter "E": their company's stock is overvalued.
Explanation:
When a company's stock is overvalued market analysts and investors may notice it sooner or later. Then, managers can expect the stock price to fall at a certain point. In the meantime, executives can identify the weaknesses and threats of the company after the stock price drops so when it happens the firm will have a contingency plan structured.
Thus, a stock overvaluation represents an opportunity for the company to get prepared for future downturns in its stock price.
A significant improvement in auto technology will: A. Shift the supply of cars out and to right, decreasing the equilibrium price of cars, but increasing the equilibrium quantity. B. Shift the demand for cars in and to the left, lowering the equilibrium price and quantity of cars. C. Shift the supply of cars in and to the left, increasing the equilibrium price of cars, but lowering the equilibrium quantity. D. Shift the supply of cars in and to the left, raising the equilibrium price and quantity of cars. E. Shift the demand for cars in and to the left, raising the equilibrium price of cars, but lowering the equilibrium price.
Answer:
A. Shift the supply of cars out and to right, decreasing the equilibrium price of cars, but increasing the equilibrium quantity.
Explanation:
The effect of technology on supply is that it will shift supply to the right. As cost of production reduces, producers can have more output at the same cost.
There will be excess supply (surplus), so customers will pay less for the product.
The equilibrium quantity will also increase as more cars are available in the market.
This is illustrated in the attached diagram. Equillibrum price reduces from P1 to P2. The equillibrum quantity increases from Q1 to Q2.
Government can influence cost of production through taxes, regulations and subsidies. Therefore they also influence shift of supply curve.
A significant advancement in auto technology will shift the supply curve for cars outward and to the right, which will decrease the equilibrium price but increase the equilibrium quantity of cars, aligning with option A.
Explanation:An improvement in auto technology, such as more fuel-efficient cars, will lead to a change in the market for cars. This improvement is typically viewed as a positive change in production technology, which makes it cheaper to produce cars or allows more cars to be produced with the same resources. Consequently, the supply curve for cars shifts outward and to the right, indicating that manufacturers are willing and able to supply more cars at each price level. This shift will lead to a decrease in the equilibrium price of cars, as the increased supply puts downward pressure on prices. However, the equilibrium quantity of cars will increase because more cars are available at lower prices, which can boost sales. This scenario matches option A: A significant improvement in auto technology will: Shift the supply of cars out and to right, decreasing the equilibrium price of cars, but increasing the equilibrium quantity.
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The following information is available for completed Job No. 402: Direct materials, $120,000; direct labor, $180,000; manufacturing overhead applied, $90,000; units produced, 5,000 units; units sold, 4,000 units. The cost of the finished goods on hand from this job is:
Answer:
Cost of finished goods on hand = $78,000
Explanation:
Job costing is appropriate where goods or contracts are done to meet customers specific and unique requirements. Each customer's job is different from the other.
To determine cost per unit cost job, we use the formula :
= (D.material cost + Direct labour cost + Overhead)/ No of units
We can work out the cost per unit for Job No; 402 as follows:
Step 1
Calculate the closing inventory
Closing inventory = Opening inventory + Production - Sales
= 0 + 5000 - 4000 = 1000
Step 2
Calculate the the cost per unit
= $(120,000 + 180,000 + 90,000)/ 5000 units
= $78 per unit
Step 3
Value the closing inventory
= unit cost × inventory units
= $78 × 1,000
= $78,000
Cost of finished goods on hand = $78,000
"Farley Frozen Yogurt is a perfectly competitive firm. The market price of a frozen yogurt cake is $7. Farley sells 200 frozen yogurt cakes. Its AVC is $6, and its AFC is $4."
Suppose the marginal cost for frozen yoghurt cake is $7. In this case, Farley frozen youghurt should:
(A) produce less.
(B) produce the same quantity
(C) produce more.
(D) non produce
Answer:
B. Produce the same quantity
Explanation:
Perfect Competition is market form with many buyers & sellers, where identical goods are sold at uniform prices .
In this market : Marginal Revenue (MR) = Average Revenue (AR) = Price (P) , as a horizontal curve parallel to X axis.
Producer is at profit maximising equilibrium where : MR = MC (Marginal Cost). Producer tends to stay at this production point.
So, by above 2 equations : MC = [ MR = P ] is the equilibrium for Farley Frozen Yogurt .
As given : Price = $7 & MC = $7 satisfies above equilibrium equality condition. Hence , this is Farley Frozen Yogurt's Producer Equilibrium & it would tend to produce the same quantity.
Final answer:
Farley Frozen Yogurt should continue to produce the same quantity of frozen yogurt cakes as the market price equals the marginal cost, and therefore the firm operates at the point where Price = MR = MC, contributing towards fixed costs despite incurring losses.
Explanation:
In a perfectly competitive market, the firm's decision regarding the quantity to produce is based on the equality of price, marginal revenue (MR), and marginal cost (MC). Given that Farley Frozen Yogurt sells its product at a market price of $7, which equals its marginal cost, the firm is currently operating at the point where Price = MR = MC and therefore should produce the same quantity of frozen yogurt cakes. Producing more would increase the average total cost (ATC), which is $10 (AVC + AFC), while producing less would not maximize profits. As long as the price covers the average variable cost (AVC) and contributes to fixed costs, the firm should continue to produce the same amount.
By following the pricing rule where Price = MR = MC, we must also consider the firm's profitability. If price equals MC but is less than ATC, the firm is incurring losses. In this scenario with Farley Frozen Yogurt, because the sale price ($7) is lower than the ATC ($10), each unit sold contributes to a loss. However, since the price is higher than AVC ($6), the firm is covering its variable costs and contributing $1 towards its fixed costs with each unit sold. Therefore, the best option for Farley Frozen Yogurt is to maintain production, hoping that market conditions will improve, or until fixed costs change the calculation.
This analysis is consistent with the example given where the price of frozen raspberries falls to the break even point, at which the firm's price received is exactly equal to its average cost of production. In such a scenario, the firm would also continue to produce the quantity where Price = MR = MC, to meet the condition for maximizing profits or in the worst case, minimizing losses.
a. Received a $600 utility bill for electricity usage in December to be paid in January 2014. b. Owed wages to 10 employees who worked three days at $100 each per day at the end of December. The company will pay employees at the end of the first week of January 2014. c. On December 1, 2013. loaned money to an employee who agreed to repay the loan in one year along with $1,200 for one full year of interest, No interest has been recorded yet. Journal Entry Worksheet Record the receipt of a $600 utility bill for electricity usage In December to be paid In January 2014.
Solution and Explanation:
The following journal entries will be passed at the end of December month:
Number Account details and explanation debit credit
1. Utility expense 600
Accounts payable 600
(To record the accrued utility exxpense)
2. Salaries and wages expense 3000
(10 * 3 days * $100)
Salaries and wages payable 3000
(To record salaries and wages expense )
3. Interest receivable ( $1200 divide by 12) 100
Interest revenue 100
( To record the interest revenue)
In 1893, the first Green Jacket Golf Championship was held. The winner’s prize money was $230. In 2015, the winner’s check was $1,570,000. What was the annual percentage increase in the winner’s check over this period? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Annual percentage % If the winner’s prize increases at the same rate, what will it be in 2043? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Prize money $
Answer:
Explanation:
A=P(1+r/100)^n
A=future value
P=present value
r=rate of interest
n=time period.
1,570,000=230*(1+r/100)^122
(1,570,000/230)^(1/122)=(1+r/100)
(1+r/100)=1.0750
r=1.0750-1 =7.50% annual % increase
Prize money = A =1,570,000*(1.0750)^28
=$11908951.1
An accounting clerk for Chesner Co. prepared the following bank reconciliation:
Chesner Co. Bank Reconciliation July 31, 2016
1. Cash balance according to company's records $11,100.00
2. Add: Outstanding checks $3,585.00
3. Error by Chesner Co. in recording Check No. 1056 as $950 instead of $590 360.00
4. Note for $12,000 collected by bank, including interest 12,480.00 16,425.00
5. $27,525.00
6. Deduct: Deposit in transit on July 31 $7,200.00
7. Deduct: Bank service charges 25.00 7,225.00
8. Cash balance according to bank statement $20,300.00
A. From the data prepared by the accounting clerk, prepare a new bank reconciliation for Chesner Co., using the format shown in the illustrative problem in the text. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.
B. If a balance sheet were prepared for Chesner Co. on July 31, 2016, what amount should be reported for cash?
Amount Descriptions - Adjusted balance - Bank error in charging Check No. 1056 as $590 instead of $950 - Bank error in charging Check No. 1056 as $950 instead of $590 - Bank service charges - Deposit in transit on July 31 - Error in recording Check No. 1056 as $590 instead of $950 - Error in recording Check No. 1056 as $950 instead of $590 - Note for $12,000 collected by bank, including interest - Outstanding checks
Answer:
Explanation:
Bank reconciliation
Chesner Co.
July 31,2016
Cash balance according to bank statement $20,300
Adjustments:
Add:Deposit in transit on July 31 7200
Less:Outstanding checks -3585
Adjusted balance as per bank $23,915
Cash balance according to company’s records 11,100
Adjustments:
Add:Note for $12,000 collected by bank, including interest 12,480
Less:Bank service Charges -25
Add:Error in recording Check No. 1056 as $950 instead of $590 360
Adjusted balance as per Books 23,915
B. $23,915 should be reported to cash
A day care program frequently has a few parents picking up their children late. In an attempt to curb this, the daycare decides to charge a fine to parents who are more than 10 minutes late. However, after the fine was implemented, the number of late parents increased. Which of these conclusions can be true?
a. The fine eliminated the non-financial incentives to be on time
b. The fine was not high enough to discourage being late
c. The fine was perceived as a price
d. All of the above
Answer:
correct option is d. All of the above
Explanation:
given data
charge a fine for late = 10 minute
solution
The number of late parents has increased because their late opportunity cost is not high and they can afford it. There is no non-financial incentive to arrive any other time without paying a fine
so that here All the option is true
correct option is d. All of the above
A stock will provide a rate of return of either −18% or 26%. If both possibilities are equally likely, calculate the stock's expected return and standard deviation. (Do not round intermediate calculations. Enter your answers as a whole percent.)
Answer:
The expected return is 4% and the standard deviation is 22%.
Explanation:
Since both outcomes are equally likely, the expected value is the mean of both possible outcomes:
[tex]E(X) = \frac{-0.18+0.26}{2}=0.04 = 4\%[/tex]
The standard deviation for this stock is:
[tex]S = \sqrt{0.5*(-0.18-E(X))^2+0.5*(0.26-E(X))^2}\\S = \sqrt{0.5*(-0.18-0.04))^2+0.5*(0.26-0.04)^2}\\S= 0.22 =22\%[/tex]
The expected return is 4% and the standard deviation is 22%.
Based on the information given the stock's expected return is 4% and standard deviation is 22%.
a. Stock's expected return
Stock's expected return=0.5(-18%) + 0.5(26%)
Stock's expected return =-9%+13%
Stock's expected return =4%
b. Standard deviation
First step is to calculate the variance
Variance =[0.5(-18%-4%)²] + [0.5(26%-4%)²]
Variance=[0.5(-22)²]+[0.5(22%)²]
Variance=242%+242%
Variance= 484%
Second step is to calculate the standard deviation
Standard Deviation =√484%
Standard Deviation = 22%
Inconclusion the stock's expected return is 4% and standard deviation is 22%.
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Problem 13-03A a-c (Video) The stockholders’ equity accounts of Novak Corporation on January 1, 2020, were as follows. Preferred Stock (8%, $52 par, 10,000 shares authorized) $ 442,000 Common Stock ($1 stated value, 1,950,000 shares authorized) 1,350,000 Paid-in Capital in Excess of Par—Preferred Stock 115,000 Paid-in Capital in Excess of Stated Value—Common Stock 1,400,000 Retained Earnings 1,750,000 Treasury Stock (10,500 common shares) 52,500 During 2020, the corporation had the following transactions and events pertaining to its stockholders’ equity. Feb. 1 Issued 26,000 shares of common stock for $122,000. Apr. 14 Sold 5,700 shares of treasury stock—common for $32,700. Sept. 3 Issued 5,100 shares of common stock for a patent valued at $36,000. Nov. 10 Purchased 1,000 shares of common stock for the treasury at a cost of $6,000. Dec. 31 Determined that net income for the year was $485,000. No dividends were declared during the year.
Answer:
The question is not complete as the before information is missing:
Journalize the transactions and the closing entry for net income.
The journal showing the necessary entries in respect of share transactions that took place in the year as well as closing entry for net income are found in the attached spreadsheet.
Explanation:
Note that in determining the par value of the 5700 shares of treasury stock issued on the 14th April, reference is made to total par value of $52500 as well as total number of shares of 10500
What is a strategy map? A. A clear statement of the company's advantage in the competitive marketplace. B. Financial metrics for measuring and managing company performance. C. A comprehensive visual representation of the linkages among essential elements for the organization's strategy. D. A method of measuring employees' capabilities to predict improvements in process quality and cycle times.
A Strategy Map is (C)A comprehensive visual representation of the linkages among essential elements for the organization's strategy.
Explanation:
A strategy map is a diagram that displays the organizations strategy on a single page
A well-designed strategy map, helps an employee to understand the overall strategy of a company and they can also visualize their role fit in the company. it allows helps the employee to understand that how their jobs affect the company's overall strategic objectives.
Strategy maps describe how organisations create a niche for themselves by building on strategic themes such as 'growth' or 'productivity'. They provide a means for companies to 'communicate the story' of their strategy to employees and other corporate stakeholders, thereby increasing the engagement of both the employees and the stake holders in the strategic decision making process.
Forecasting is an important part of any firm's financial plan. Financial managers create forecasts by preparing budgets, and these budgets are then analyzed in order to determine if/when a firm will need to secure internal and external financing.
True or False?
Answer:
The statement is: True.
Explanation:
Forecasting refers to the estimation of the expenditures a firm makes at the beginning of a period to have an idea of what and when the firm should invest in. Budgets are the main tool for forecasting. In most cases, budgets are requested in each department of the institution so the estimate will be the closest possible according to each unit's projected operations.
Financial managers do not only forecast the business's expenditures in the short and long run but develop the budget aiming to meet the firm's financial needs and monitor the company's expenses based on the forecast.
If a genuine change of employer exists but the employing industry remains substantially the same, the successor employer ________. a is required to recognize the existing collective bargaining unit but not its representative, and is bound by the agreement b is required to recognize both the existing collective bargaining unit and its representative, and is bound by the agreement c is required to recognize the existing collective bargaining unit and its representative, but is not bound by the agreement d is not required to recognize the existing collective bargaining unit or its representative, and is not bound by the agreement
Answer:
Is required to recognize the existing collective bargaining unit and its representative but is not bound by the agreement.
Explanation:
If a genuine change of employer exists but the employing industry remains substantially the same, the successor employer is required to recognize the existing collective bargaining unit and its representative but is not bound by the agreement.
Collective Bargaining: It is a process to negotiate on demand for rights of employees, working conditions, compensation, etc by a representative of employee and employer sign an agreement with the employer on the agreed term on negotiation.
On July 1, 2016, Farm Fresh Industries purchased a specialized delivery truck for $126,000. At the time, Farm Fresh estimated the truck to have a useful life of eight years and a residual value of $30,000. On March 1, 2021, the truck was sold for $58,000. Farm Fresh uses the straight-line depreciation method for all of its plant and equipment. Partial-year depreciation is calculated based on the number of months the asset is in service. Required:1. Prepare the journal entry to update depreciation in 2021.2. Prepare the journal entry to record the sale of the truck.3. Assuming that the truck was instead sold for $80,000, prepare the journal entry to record the sale.
Answer:
Part 1. Prepare the journal entry to update depreciation in 2021.
Depreciation Expense $ 2,000 (debit)
Accumulated Depreciation $ 2,000 (credit)
Part 2. Prepare the journal entry to record the sale of the truck.
Cash $58,000 (debit)
Accumulated Depreciation $ 56,000 (debit)
Loss on Sale of Delivery Truck $12,000 (debit)
Delivery Truck $ 126,000 (credit)
Part 3. Assuming that the truck was instead sold for $80,000
Cash $80,000 (debit)
Accumulated Depreciation $ 56,000 (debit)
Profit on Sale of Delivery Truck $10,000 (credit)
Delivery Truck $ 126,000 (credit)
Explanation:
Part 1. Prepare the journal entry to update depreciation in 2021.
Depreciation Expense 2021 = ( 126000-30000)/8×2/12
= 2000
Part 2. Prepare the journal entry to record the sale of the truck.
Accumulated Depreciation
2016= (126000-30000)/8×1/2 =6000
2017 to 2020 = (126000-30000)/8×4=48000
2021= ( 126000-30000)/8×2/12 = 2000
Total Depreciation = 56000
Loss on Sale = Selling Price less Carrying Amount
= $58,000-($126,000-$56,000)
= - $12,000
Part 3. Assuming that the truck was instead sold for $80,000
Profit on Sale = Selling Price less Carrying Amount
= $80,000-($126,000-$56,000)
= $10,000
Note; Carrying Amount of an Asset = Cost less Accumulated Depreciation
The calculated annual depreciation of the truck is $12,000. The journal entries have been illustrated based on the scenarios of actual sale price being $58,000 and alternative price $80,000, resulting in a loss and a gain respectively.
Explanation:The first step is to determine the amount of annual depreciation using the straight-line method. The truck was purchased for $126,000 and estimated to have a residual value of $30,000 after 8 years. So, the total depreciation over the lifespan of the truck is $126,000 - $30,000 = $96,000. This depreciation is spread over 8 years, resulting in $12,000 annual depreciation.
To update the depreciation for 2021, since the truck was sold on March 1, two out of twelve months of depreciation need be recorded. Therefore, the journal entry would be: Debit Depreciation Expense $2,000 (=$12,000/12*2) and Credit Accumulated Depreciation $2,000.To record the sale of the truck, you need to account for the book value at the time of the sale. This would be the original cost minus the accumulated depreciation, which is $126,000 - ($12,000*4.17 [$12,000 is the annual depreciation and 4.17 is the number of years from July 1, 2016, to March 1, 2021]) = $76,040. Since the truck was sold for $58,000, this means Farm Fresh incurred a loss of $18,040 ($76,040 - $58,000). The journal entry would be: Debit Cash $58,000, Debit Accumulated Depreciation $50,040, Debit Loss on Sale of Plant Asset $18,040, and Credit Truck (asset) $126,000.Assuming that the truck was instead sold for $80,000, Farm Fresh would now have gained $3,960 ($76,040 - $80,000). The journal entry would be: Debit Cash $80,000, Debit Accumulated Depreciation $50,040, Credit Truck (asset) $126,000, and Credit Gain on Sale of Plant Asset $3,960.Learn more about Depreciation and Asset Sale here:https://brainly.com/question/32766641
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Categorize each of the following as a type of savings or investment in the economic sense. a. You buy 100 shares of Apple Computer stock: . b. You place part of your income in a mutual fund: . c. A delivery service buys 1,000 new trucks: . d. You put $1,000 in a certificate of deposit, by giving money to the bank in exchange for a set amount of return: .
Answer: All the options given are investments.
Explanation:
Savings is the money left with an economic agent after consumption has been deducted from ones income. Investment is the return that is expected when an item or asset is purchased by an individual or firm.
For option A, when someone buys shares, the person is expecting a return from the shares bought. It is an investment. Foe option B, a mutual fund is an investment that is made up of bond and other securities. When one places part of his or her income in a mutual fund, the person expects a return. For option C, buying delivery trucks for a business is an investment as the trucks are expected to generate more funds for the business. Also option D is an investment as putting funds in a certificate of deposit brings financial return.
A company has prepared the operating budget and the cash budget and is now preparing the budgeted balance sheet. The balance of Accounts Receivable can be obtained from the ________.
Answer:
b) Schedule of cash receipts from customers
Explanation:
Selling and administrative expenses budget cannot provide the balance of an asset account. Therefore, option A is wrong.
Inventory, purchases, and cost of goods sold budget provide the information of inventory used and purchase of raw materials. Therefore, option C is wrong.
Capital expenditures budget provides non-correct related information. Therefore, option D is wrong.
As the company collects money from customers (Accounts Receivable), therefore, we can find it from the schedule of cash receipts from customers. Therefore, option B is the answer.
You have been hired by bizcom, a business communications consultancy that services many clients in different industries throughout the united states, to it improve its profit margin. bizcom provides customized recommendations for the best use of a client's existing resources for improving internal communications, typically delivered via documentation in different media. the company has approximately 50 consultants, all of whom are located in its central headquarters in alexandria, virginia. what type of system do you recommend that bizcom install to improve its business processes and increase its profit margin?
I recommend Bizcom to install an extranet, to enable quick collaboration over the Internet, minimize the time spent communicating with the client, and minimize the amount of paperwork needed.
Explanation:
Extranet is a kind of private network that helps organizations to exchange the information securely over Internet. The extranet can be used by vendors, suppliers and authorized set of customers to enable communication.
Internet helps in enabling quick collaboration and also reduces the paperwork. As all the information can be confidentially shared and stored using the Internet, the use of paper can be reduced. The time spent for communicating with the client can also be reduced.
In the above scenario, Bizcom has its consultants from various places. It is difficult to travel to every place and organize meeting. So installing an extranet can help them in keeping connected.
Lionworks Enterprises had the following inventory data:
Date Quantity Unit Cost
July 1 Beginning Inventory 5, $52
July 4 Purchase 10 $55
July 7 Sale 12 July 11
Purchase 9 $58
July 14 Sale 8
Assuming LIFO and perpetual inventory, what is the cost of goods sold for the July 7 sale?
a. $654
b.$645
c.$660
d.$648
Answer:
The correct answer is a. $654
Explanation:
In order to calculate LIFO, which means last in first out, you have to determine the cost of your most recent inventory and multiply it by the amount of inventory sold.
In this case, the sale that was made on July 7 include 10 units purchased on July 4 and 2 units from July 1 which was the beginning inventory.
The cost of goods for the July 7 sale=(10 units × $55) + (2 units× $52) = $654
The management of business operations conducted in more than one country is called: a. global management. b. international management. c. outsourcing management. d. planning management. e. domestic management.
Answer:
The correct answer is letter "B": international management.
Explanation:
International management is the private and governmental transactions that involve two or more countries. It implies sales, investment, and transportation. International management involves talking about international commerce or trades.
But international management goes beyond that since it also takes into consideration the cultural traditions of the countries engaged in international relationships and the set of skills required to handle those businesses.
In 1958, a first-class postage stamp for a 1-ounce envelope was $0.04. In 2012, a first-class postage stamp for the same envelope is $0.45. What was the annual compound increase in the cost of the first-class postage during the 54 year period
Answer:
The annual increase was approximately $0.002
Explanation:
In order to know the annual compound increase in the cost of the first-class postage during the 54 year period, we need to know the rate at which the compound interest was calculated. We can know that using the following compound interest formula:
[tex]A = P(1 + \frac{r}{100})^{t}[/tex]
P = principal amount (the initial amount for the envelope)
r = annual rate of increase
t = number of years the amount is increased.
A = amount of money accumulated after n years, including the increase.
Now, we have our Amount at the 54th year to be 0.45dollars, when the principal is 0.04dollars.
Therefore, we have
A = $0.45
P = $0.04
r = unknown (that's what we are looking for)
t = 54
Substituting these into the formula, we have:
[tex]0.45 = 0.04(1 + \frac{r}{100})^{54}[/tex]
Dividing both sides by 0.04 we have:
[tex]11.25 = (1 + \frac{r}{100})^{54}[/tex]
Taking the 54th root of both sides we have(approximately):
[tex]1.05 = (1 + \frac{r}{100})[/tex]
The above gives:
[tex]0.05 = \frac{r}{100}[/tex]
This gives:
[tex]r = 5%[/tex]
Therefore, the money increased annually at the rate of 5% approximately, and that would be
[tex]\frac{5}{100} \times 0.04[/tex]
Which is $0.002 approximately.
Final answer:
The annual compound increase in the cost of a first-class postage stamp from 1958 to 2012 over 54 years is approximately 5.46%.
Explanation:
To calculate the annual compound increase in the cost of a first-class postage stamp from $0.04 in 1958 to $0.45 in 2012 over a period of 54 years, we use the formula for compound interest:
Final amount = Initial amount * (1 + rate)^number of years
Here, the final amount is $0.45, the initial amount is $0.04, and the number of years is 54. Plugging these values into our equation gives us:
$0.45 = $0.04 * (1 + rate)^54
To find the rate, we rearrange the formula to solve for the rate:
rate = ((Final amount / Initial amount)^(1/number of years)) - 1
rate = (($0.45 / $0.04)^(1/54)) - 1
Calculating this gives us an annual compound increase rate of approximately 5.46%.
Understanding the annual compound increase is crucial for comprehending economic inflation rates and the changing costs of goods and services over time.
Economic theory is a valuable tool for business decision making because it:
a) Identifies for managers the essential information for making a decision
b) Assumes away the problem
c) Creates a realistic, complex model of the business firm
d) Provides an easy solution to complex business problems
Answer: The correct answer is "a) Identifies for managers the essential information for making a decision".
Explanation: Economic theory is a valuable tool for business decision making because it identifies for manager the essential information for making a decision since through certain assumptions about essential aspects, it allows managers to test and differentiate the possible results according to the relevant information that it provides to make a decision.
Economic theory is a valuable tool for business decision making as it identifies essential information, creates a complex model of the business firm, and aids decision-makers in finding solutions.
Explanation:Economic theory is a valuable tool for business decision making because it identifies for managers the essential information for making a decision. By using economic theories, managers can analyze data, understand market trends, and evaluate costs and benefits to make informed decisions. Additionally, economic theory creates a realistic, complex model of the business firm. It takes into account various factors such as production, pricing, competition, and consumer behavior, providing managers with a comprehensive understanding of their business environment. However, it is important to note that economic theory does not provide an easy solution to complex business problems. It helps decision-makers understand the factors influencing their decisions, but they still need to apply critical thinking and consider multiple perspectives to find solutions.
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Laundry reported assets of $ 1 comma 100 and equity of $ 630. What is Stub's debt ratio? (Round your answer to the nearest whole number.) A. 43% B. 57% C. 75% D. Not enough information is provided
Answer:
37% (not given in the option
Explanation:
The debt ratio is a financial measures that shows the leverage of the organization. It is a ratio of total debt to total assets, expressed as a percentage. This measures makes known how much of the company's assets is owned in debt.
From the accounting equation
Assets = debts + equity
$1,000 = debts + $630
Debt = $1,000 - $630
= $370
Stub's debt ratio
= $370/$1000
= 0.37
= 37%
The strength of a think local, act local multidomestic strategy is that
a. the plants located in different countries can be operated independently of one another, thus promoting greater achievement of scale economies.
b. it avoids host-country ownership requirements, and import quotas.
c. it matches a company's competitive approach to prevailing market and competitive conditions in each country market.
d. it eliminates the costs and burdens of trying to coordinate the strategic moves undertaken in one country with the moves undertaken in the other countries.
e. each of a company's country strategies is almost totally different from and unrelated to its strategies in other countries.
Answer:
C. it matches a company's competitive approach to prevailing market and competitive conditions in each country market.
Explanation:
Think local, act local multidomestic strategy enables companies or firm that uses this approach to aim at meeting the requirements of the local markets worldwide by a way of customizing and tailoring their products and services extensively to meet respective country's local market and customer standards.
Think-local, act-local, or multidomestic, strategy is best suited for industries and companies that wants to diversify their product offerings and competitive approaches from one country to another so as to accommodate different buyer preferences and market conditions.
It is the strategy that best matches a company's competitive approach in a prevailing market and it allows for companies and firms that use the approach to be able to be in competitive conditions in each country market that the organization is located.
The main strength of a think local, act local multidomestic strategy is its ability to adapt to each country's market and competitive conditions, enhancing local relevance and responsiveness, as seen in South Korea's industrial evolution.
Explanation:The strength of a think local, act local multidomestic strategy is that it matches a company's competitive approach to prevailing market and competitive conditions in each country market. This type of strategy allows for the custom tailoring of products and services to specific markets, taking into account local tastes, cultural differences, and unique market conditions. Such a strategy does not just foster an environment conducive to achieving economies of scale, but it also allows companies to respond quickly and effectively to local market changes and competition, similar to South Korea's strategic focus and evolution in industries like electronics and automobile manufacturing. Moreover, it recognizes the importance of both international trade and dynamic comparative advantage, which combined can lead to a situation where, despite trade-offs like opportunity costs, a country or company can excel in particular industries and increase overall economic efficiency.
A monopolistic seller of rare oriental rugs discovers that 60% of the population is willing to pay $1,000 for a rug. The remaining 40% of the population is willing to pay $2000. Each rug costs $600 to produce. How much should the monopolist charge for each rug?a. $600
b. $1000
c. $1500
d. $2000
Answer:
Option "D" is the correct answer to the following statement.
Explanation:
In this situation seller is a monopolist, he would charge the highest amount for his Goods or service, 40% of the total population will pay $2,000 for particular goods and services.
He is a monopolistic seller, so people will have to buy and Consume particular goods from him.
Profit For each beg should be highest if he sells his item at $2,000 each
Total Profit = Sales price - Cost
= $2,000 - $600
= $1,400
A firm agreed to pay its workers $2525 an hour in 2016 and $4141 an hour in 2017. The price level for these years was 241 in 2016 and 245 in 2017. Calculate the real wage rate in each year (to the nearest cent). What is the real wage increase received by these workers in 2017?
Answer:
(a) 10.4%; 16.73%
(b) 6.33%
Explanation:
Given that,
Wages paid to the workers in 2016 = $25 per hour
Price level in 2016 = 241
Wages paid to the workers in 2017 = $41 per hour
Price level in 2017 = 245
Real wage rate in 2016:
= (Nominal wages ÷ Price level) × 100
= ($25 ÷ 241) × 100
= 0.104 × 100
= 10.4%
Real wage rate in 2017:
= (Nominal wages ÷ Price level) × 100
= ($41 ÷ 245) × 100
= 0.1673 × 100
= 16.73%
Therefore, the real wage increase received by these workers in 2017 is calculated as follows:
= Real wage rate in 2017 - Real wage rate in 2016
= 16.73% - 10.4%
= 6.33%
Hence, these workers do get a raise between the two years.
A company had 158 million shares outstanding at the beginning of the year 2012. On February 2, 2012, the company issued an additional 30 million shares to the market at a price of $50, while the market price per share was $50. The resulting price per share after new issuance will be____________.
The resulting price per share after new issuance will be $50
Solution:
Values:
Company shares = 158 million shares
Additional shares = 30 million shares
Market price = $50 per share
Evaluating:
Total value of equity prior to issue = Company shares * Market price
= 158 million * 50
= $7.9 billion
Value of share issue = Additional shares * Market price
= 30 million * 50
= $1.5 billion
Total value of equity after share issue = Total value of equity prior to issue + Value of share issue
= 7.9 billion + 1.5 billion
= $9.4 billion
Shares outstanding after share issue = Company shares + Additional shares
= 158 million + 30 million
= 188 million
Price per share after issue = [tex]\frac{Total value of equity after share issue}{Shares outstanding after share issue}[/tex]
= [tex]\frac{9.4 billion}{188 million}[/tex]
= $50
Shankar Company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 2, 2012, for $30,000, with terms 2/10, n/30. On February 10, the company pays on account for the inventory. Record the inventory purchase on February 2 and the payment on February 10.
Answer:
Dr. Cr.
February 2, 2012
Inventory $30,000
Account Payable $30,000
February 10, 2012
Account Payable $30,000
Discount received $600
Cash $29,400
Explanation:
Term 2/10, n/30 means there is a cash settlement discount of 2% is available if the payment is made within 10 days after the purchase of goods. Net credit period is 30 days. Purchases were made on February 2 and Payment was made on February 10 within the discount period, so Shankar Company is entitled to claim the discount of 2%. Cash will be paid net of discount.
Discount = $30,000 x 2% = $600
Cash Payment = $30,000 - $600 = $29,400
Explanation of recording inventory transactions using the perpetual system.
Inventory Purchase on February 2:
Treehouse Company purchased inventory on account on February 2, 2012, for $30,000 with terms 2/10, n/30.
Payment on February 10:
The company made the payment for the inventory on February 10, settling the account.
The company you work for is a programming services contractor that consults with businesses in the United States requiring assistance in creating software in compliance with the Health Insurance Portability and Accountability Act (HIPAA). Your company advertises a proven track record in providing secure code that meets regulatory and compliance recommendations that include the protection of all Personally Identifiable Information (PII).
Answer:
Explanation:
Find attached The compliance act policy for coding that talk about the various source code for diifrent organization
Answer:
Question:
The company you work for is a programming services contractor that consults with businesses in the United States requiring assistance in creating software in compliance with the Health Insurance Portability and Accountability Act (HIPAA). Your company advertises a proven track record in providing secure code that meets regulatory and compliance recommendations that include the protection of all Personally Identifiable Information (PII).
Your client is a small hospital and surgery center that requires a program that will calculate the bill for a patient's hospital stay, including charges for the surgery, daily hospital fees, and pharmacy. The hospital only performs five types of surgeries, limits the patient stay to three days, and has a limited pharmacy offering of ten prescription drugs. The hospital employees who will use the program should be able to enter the patient information, including name, hospital ID number, diagnosis, surgery type, length of stay, and prescriptions. The program will then produce a final billing statement. The client would like the program completed in six months.
Using the file provided and referencing the scenario above, complete the 2- to 3-page System Development Life Cycle Table. The table is designed to help you see how to apply the SDLC to an actual program.
Explanation:
SDLC: Software Development life cycle model is a complete systematic process which is followed to develop a high quality product which meets the customer expectations. It generally including below phases which is followed to develop software:
Requirements Gathering and Analysis
Architecture Design
Implementation
Testing
Deploy/Maintenance
Please find below the Software Development Life Cycle Table:
Download the attached file for further solution and table
The Yum and Yee food truck near the business school serves customers during lunch hour by taking orders and making fresh batches of stir-fry. Customers have only one choice during the lunch hour so that Y&Y can maximize the number of customers served. Assume that each customer places just one lunch order, and all lunch orders are the same size: one unit of stir-fry. The stir-fry cooking works in this manner. First, one person cooks a batch of orders in a wok. The cooking depends upon the number of orders in the batch. The time to cook just one order is 3 minutes. For each additional order in the batch, it takes 0.5 minute more to cook. Thus, cooking two orders in a batch takes 3.5 minutes, cooking three orders takes 4 minutes, and so on. The other process is bagging and accepting payments (done by a separate person), which takes 0.80 minute per order.
a.What is the setup time of this process?
b.If Y&Y operates with batch sizes of 6 units, what is their process capacity (in orders per minute)?
c.If Yum and Yee operates with batch sizes of 10 units, what is the utilization of the wok?
d.Calculate the batch size (in orders) that maximizes the overall flow rate (assume there is ample demand)?
Answer:
Setup time = 2.5 min. per order
Process capacity = 1.09 units/minute
Utilization = 7.5 minutes
Explanation:
The time to cook just one order = 3 minutes
Cooking two orders in a batch = 3.5 minutes
cooking three orders = 4 minutes
bagging and accepting payments = 0.80 minutes
a) Setup time:
Setup time = 3 - 0.5
= 2.5 min. per order
b) Process capacity:
Production = Setup time + ( Processing time * Batch size )
= 2.5 + (0.5 * 6)
= 5.5 minutes
Process capacity = Batch size / Production
= 6 / 5.5
= 1.09 units/minute
c) Utilization:
Batch size = 10
Production = Setup time + (Processing time * Batch size)
= 2.5 + (0.5 * 10)
= 7.5 minutes
The base time for setting up the cooking process is 3 minutes. If Y&Y operates with 6 units, the capacity is approximately 1.09 orders per minute, and if they run 10 units, the utilization of the wok is 12.5%. To maximize the flow rate, smaller batch sizes or even single orders should be the strategy due to the incremental nature of cooking time.
Explanation:a. The setup time for preparing a batch of stir-fry is 3 minutes. This is the base time without counting any additional orders in the batch. b. If Y&Y operates with batch sizes of 6 units, the total time required to prepare a batch is 3 (for the first unit) + 0.5*(6-1) = 5.5 minutes. The capacity is 6 units / 5.5 minutes = 1.09 orders per minute.
c. If Yum and Yee operates with batch sizes of 10 units, the total time required to cook is 3 (for the first unit) + 0.5*(10-1) = 7.5 minutes. To calculate the utilization, we also need the available time. If the wok may be operated continuously, then the utilization is 7.5/60 = 12.5%.
d. The batch size that maximizes the flow rate can be found by dividing the time available for cooking (in minutes) by the cooking time per order (in minutes/order). Since the cooking time per order could vary depending on the batch size, this calculation could be complex. However, by given information, we know cooking time 'increases' with batch size, implying smaller batch sizes or even single orders should optimize the flows.
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