Explanation:
Understanding the history of computers means understanding several important aspects that have been incorporated into our current life, our ways of working, communicating, shopping, etc. It is a way of understanding how technology has revolutionized and made life easier for the whole society.
The history of computing makes it possible to understand the developments of devices that are simple to calculate, even the technological advances that made the creation of modern computers possible.
Mechanical computers (1642-1945) were the first devices created to aid calculation, such as Pascaline, the first mechanical calculator developed in the world.
The first electromechanical computer, the Mark I, which was built in 1944, was 17 meters long by 2.5 meters high and had a mass of 5 tons. It performed calculations without human intervention but it took about 3 to 5 seconds to perform a multiplication.
The first electronic computer was the ENIAC, inaugurated on February 14, 1946. This computer was a thousand times faster than any previous computer and solved up to 5 thousand calculations of addition and subtraction, 350 multiplications or 50 divisions per second. It was a huge computer that weighed 27 tons and measured 5.50 x 24.40 m and consumed 150 kW. This computer was developed in the second world war, and its main objective was to perform ballistic calculations. Its "operating system" was through punched cards.
Understanding the history of computers helps us appreciate advancements and how technology has evolved. Examples of mechanical computers, electromechanical computers, and early electronic computers include Charles Babbage's Analytical Engine, the Harvard Mark I, and the ENIAC.
Explanation:It is important to understand the history of computers because it helps us appreciate the advancements that have taken place and how they have shaped our lives today. Understanding the history of computers allows us to understand how far we have come and how technology continues to evolve.
Mechanical Computers:
One example of a mechanical computer is Charles Babbage's Analytical Engine, designed in the 1830s. It was the first general-purpose computer that used punched cards to input data and perform calculations. Despite not being built during Babbage's lifetime, the design of the Analytical Engine laid the foundation for future computer developments.
Electromechanical Computers:
A popular example of an electromechanical computer is the Harvard Mark I, developed during the 1930s. It used switches, relays, and rotating shafts for computations and was primarily used for military calculations during World War II. The Mark I was a significant step forward in computer technology and paved the way for faster and more reliable computing.
Early Electronic Computers:
One of the early electronic computers is the ENIAC (Electronic Numerical Integrator and Computer), built in the 1940s. It used vacuum tubes to perform calculations and was used for tasks such as calculating artillery shell trajectories. The ENIAC was colossal in size and required a great amount of power, but it marked an important shift towards more efficient and powerful electronic computing.
Polo Publishers purchased a multi-color offset press with terms of $75,000 down and a noninterest-bearing note requiring payment of $60,000 at the end of each year for two years. The interest rate implicit in the purchase contract is 11%. Polo would record the asset at:
Answer:
$177,751.20
Explanation:
The computation of the recording value of the asset is shown below:
= Down payment + non interest-bearing note requiring payment × PVA factor at 11% for 2 years
= $75,000 + $60,000 × 1.71252
= $75,000 + $102,751.20
= $177,751.20
Refer to the PVA table
By considering the PVA factor, the approximate amount could come.
The explicit forecast period must be long enough for the company to reach a steady state the point at which we calculate the continuing value. Which of the following is NOT a desirable property of that steady state? a) The growth rate rises above the required return on capital. b) The company earns a constant rate of return on existing capital c) The company earns a constant rate of return on new capital invested. d) The company reinvests a constant proportion of its operating profits into the business each year. e) The company expects a constant weighted average cost of capital.
Answer: E) The company expects a constant weighted average cost of capital.
Explanation: The explicit forecast period in most organisations are usually made between five to about fifteen years,this is to ensure that enough timeline is given to effectively capture all the necessary information to do proper forecast.
The only option that is not a desirable feature of the steady state is that. The company expects a constant weighted average cost of capital. All other options are desirable feature because they have positive impact on the business and will make a good forcast.
At a sales level of $270,000, the magnitude of operating leverage for the Cake Factory is 2.8. If sales increase by 15%, profits will increase by: a. 2.8% b. 15% c. 42% d. 18.67%
Answer:
Increase in profit will be 42 %
So option (C) will be correct answer
Explanation:
We have given sales level is $270000
Operating leverage for the factory is given 2.8
It is given that sales is increased by 15 %
We have to find that by how much percentage profit will increase
Increase in profit percentage is given by multiplication of operating leverage and increase in profit sale
So increase in profit will be equal to 2.8 ×15 = 42 %
So option (C) will be correct answer
Which of the following statements is true of a product innovation charter (PIC)?
a. It is typically prepared by middle-level managers.
b. It is designed to provide guidance to the business units on the role of innovation.
c. It reminds us that the new product strategy is primarily for processes and other activities.
d. It can be thought of as a kind of vision statement that is applied at macro level.
Answer:
The correct answer is letter "B": It is designed to provide guidance to the business units on the role of innovation.
Explanation:
A Product Innovation Charter (PIC) is typically a document developed by high-rank executives within the company where the guidelines for innovation are stated and spread among all the departments involved in the change. The PIC is necessary to give those units the step-by-step procedures they must follow for the innovation to be successful.
Final answer:
A product innovation charter (PIC) is a document that provides guidance to business units on the role of innovation. It is typically prepared by top-level managers and can be thought of as a kind of vision statement at the macro level.
Explanation:
A product innovation charter (PIC) is a document that provides guidance to business units on the role of innovation. Therefore, option b. It is designed to provide guidance to the business units on the role of innovation, is the correct statement.
A PIC is typically prepared by top-level managers, not middle-level managers. Option a. It is typically prepared by middle-level managers, is incorrect.
A PIC focuses on the strategic direction of new product development, not just processes and other activities. Option c. It reminds us that the new product strategy is primarily for processes and other activities, is incorrect.
A PIC can be thought of as a kind of vision statement that provides a macro-level direction for innovation efforts. Therefore, option d. It can be thought of as a kind of vision statement that is applied at the macro level, is the correct statement.
Indicate whether each scenario will affect the GDP deflator or the CPI for the United States. Check all that apply.
a. A decrease in the price of a Waterman Industries deep-water reel, which is a commercial fishing product used for deep-sea fishing, made in the U.S., but not bought by U.S. consumers (GDP Deflator / CPI)
b. An increase in the price of a Japanese-made phone that is popular among U.S. consumers (GDP Deflator / CPI)
Answer:
GDP deflator; CPI
Explanation:
A decrease in the price of waterman industries in the deepwater reel is an example of GDP deflator as GDP deflator reflects the price of all goods produced domestically. The price will not affect the consumer price index.
An increase in the price of Japanese made phone will impact consumer price index because these phones are generally purchased by us consumers. The phones are not produced domestically that is why they will not affect GDP deflator.
A decrease in the price of a Waterman Industries deep-water reel, made in the U.S., would affect the GDP deflator. Conversely, an increase in the price of a Japanese-made phone that is popular among U.S. consumers would affect the CPI.
Explanation:This question is asking whether certain scenarios will affect the Gross Domestic Product (GDP) Deflator or the Consumer Price Index (CPI) in the United States.
a. A decrease in the price of a Waterman Industries deep-water reel, which is a commercial fishing product used for deep-sea fishing, made in the U.S., but not bought by U.S. consumers would affect the GDP deflator. This is because GDP deflator captures the prices of all goods and services produced within the domestic boundary regardless of whether they are consumed domestically or exported. b. An increase in the price of a Japanese-made phone that is popular among U.S. consumers will affect the CPI. The CPI measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services, irrespective of where these goods are produced.Learn more about GDP Deflator and CPI here:
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in the business world of the 21st century, will it be possible to make critical marketing decisions without marketing research?
Making critical marketing decisions without marketing research in the 21st century business world is nearly impossible.
Marketing research provides valuable insights into consumer behavior, market trends, and competitive analysis, helping businesses make informed decisions.
Explanation:In the rapidly evolving business world of the 21st century, it might seem tempting to make quick marketing decisions based on intuition or guesswork. H
However, it's nearly impossible to make critical marketing decisions without marketing research.
The reason behind this is that marketing research provides valuable insights into consumer behavior, market trends, and competitive analysis.
It helps in identifying opportunities and threats, understanding consumer needs, improving products and services, and designing effective promotional strategies.
Therefore, without marketing research, any decision made would lack a sound factual base and could result in unfavorable outcomes for the business.
An example could be launching a product without researching if there is an actual market need for it, which could result in financial losses for the company.
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Final answer:
While it is possible to make marketing decisions without marketing research, such decisions may be based on imperfect information and are not advisable due to the complexity of the modern business environment. Marketing research provides valuable insights that can guide strategies, and understanding data is crucial for informed decision-making.
Explanation:
In the business world of the 21st century, making critical marketing decisions without marketing research is possible but not advisable. Decisions in areas like global marketing and advertising are becoming increasingly complex, and the vast array of choices in the social media age demands that businesses leverage data to stay competitive. Governments, city authorities, and businesses must engage with new forms of social engagement and understand public sentiment. In the era of the information technology (IT) revolution, it's clear that data plays a crucial role in economic decision-making.
However, as economists point out, the information we operate on is often imperfect, meaning we don't always have all the data required to make the best decisions. Despite this imperfection, decisions must still be made. Marketing research can fill in the gaps, providing valuable insights that guide marketing strategies and influence consumer behavior.
The economic analysis of information has become one of the most productive areas of study in recent decades. Properly understanding and interpreting information is a prized skill in the current workforce, essential not just for marketing professionals but across various sectors. Without marketing research, businesses might make uninformed decisions that could have costly repercussions.
Transactions for Ivanhoe Company for the month of June are presented below. June 1 Issues common stock to investors in exchange for $5,830 cash. 2 Buys equipment on account for $1,550. 3 Pays $560 to landlord for June rent. 12 Sends Wil Wheaton a bill for $510 after completing welding work. Journalize the transactions.
Answer:
The Journal entries are as follows:
(a) On June 1,
Cash A/c Dr. $5,830
To common stock $5,830
(To record the issue of common stock for cash)
(b) On June 2,
Equipment A/c Dr. $1,550
To accounts payable $1,550
(To record the purchase of equipment on account)
(c) On June 3,
Rent expense A/c Dr. $560
To cash $560
(To record the rent expense)
(d) On June 12,
Accounts receivable A/c Dr. $510
To Welding service revenue $510
(To record the welding service revenue)
The journalizing of Ivanhoe company's transactions include the entry of issuance of common stock for cash, equipment purchased on account, payment of rent and billing a customer for completed service. Each transaction has a debit and a credit part as per the double-entry system.
Explanation:The process of recording the mentioned transactions in the books of accounts is called journalizing. This involves identifying the debit and credit aspects of each transaction in line with the double entry system of accounting. Here's how you journalize the transactions:
Issues common stock to investors in exchange for $5,830 cash - Debit: Cash account $5,830, Credit: Common Stock account $5,830.Buy equipment on account for $1,550 - Debit: Equipment account $1,550, Credit: Accounts Payable $1,550.Pays $560 to landlord for June rent - Debit: Rent expense account $560, Credit: Cash account $560.Sends Wil Wheaton a bill for $510 after completing welding work - Debit: Accounts Receivable $510, Credit: Service Revenue account $510.Learn more about Journalizing here:https://brainly.com/question/31718461
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Fitzgerald Tech owns 20,000 shares of Buchanan Industries, which it purchased for $450,000 in 2016. On March 6, 2020, Fitzgerald declares a property dividend of all Buchanan shares on the basis of one share Buchanan for every 10 shares of Fitzgerald outstanding. At the declaration date, aggregate market price of the Buchanan shares held by Fitzgerald is $750,000. What should Fitzgerald’s debit to Retained Earnings be for this transaction?
Answer:
The debit to the retained earning should be $750,000 for this transaction because that is the market value of the asset to be distributed as dividend.
Explanation:
Property dividend is a form of dividend payout that involves distribution of company`s assets to equity holders as a form of return. These assets can be inventory, marketable securities or investment in a subsidiary.
For this distribution to be formal, it must be approved by the board of directors of the company. After approved and declared, the accounting entries can now be passed.
The accounting entries needed are:
Debit: Retained Earnings with the amount of the asset distributed.
Credit: Dividend Payable with the amount of the asset distributed.
It is important to note that the market value of asset to be distributed should be considered i.e the market value of the asset must be recognized in the book. The difference in book value and market value of the investment will be recognized in respective asset ledger account prior transfer to retained earnings.So that the market value of the investment is recognized on the debit side of retained earnings
In the case of Fitzgerald, $750,000 will be debited to retained earnings since it is the market value of the asset to be distributed.
The Government must use the solicitation to disclose the precise rating and scoring system to be used by the Source Selection Evaluation Board (SSEB) to evaluate the Non-Price Factors during the proposal evaluations.A. TrueB. False
Answer:
The Government must use the solicitation to disclose the precise rating and scoring system to be used by the Source Selection Evaluation Board (SSEB) to evaluate the Non-Price Factors during the proposal evaluations.
This statement is a False statement.
Explanation:
SSEB tests the technical acceptability of proposals in a fair, accurate and effective manner with established evaluators and makes a valid and reliable evaluation as needed by request. Report information needed to support decisions on competitive range, the sharing of information, the selection of an award submission or the cancelation of an application.
It is clear that to produce the maximum material comfort for its citizens, a nation needs to _______.
(A) Limit competition from the products of foreign nations
(B) Strive for self-sufficiency
(C) Subsidize the sale of lots of goods and services
(D) Specialize in producing something that it is relatively good at producing
Answer:
(D) Specialize in producing something that it is relatively good at producing.
Explanation:
When a country specialises in production of a good it is relatively good at producing, its citizens will not find it difficult to manufacture the good for local consumption and export.
If the country needs product it is not good at producing it imports it from other countries that have a competitive advantage in producing it.
This will produce maximum material comfort for its citizens.
It is clear that to produce the maximum material comfort for its citizens, a nation needs to Specialize in producing something that it is relatively good at producing. The correct answer is option D.
Economic theory suggests that nations should focus on specializing in the production of goods and services where they have a comparative advantage. This means producing items that they can produce more efficiently and at a lower opportunity cost compared to other countries. Specialization allows nations to maximize their productivity and engage in trade with other nations to obtain goods and services that they are less efficient at producing.
Comparative advantage: Producing goods more efficiently than others.Specialization: Focusing on what a nation can produce best.Trade benefits: Engaging in trade to obtain other needed goods and services.By specializing, a nation can enhance its overall economic efficiency, increase the wealth of its citizens, and improve material comfort through the gains from trade. This approach leverages the strengths of each nation, leading to a more prosperous and interconnected global economy.
Which one of the following is NOT generally considered a key factor in assessing industry attractiveness? Select one: a. Buyer power b. Threat of substitutes c. Threat of regulation
Answer:
c. Threat of regulation
Explanation:
Michael Porter's five forces model states factors for assessing an industry's attractiveness. Following are the five forces as per porter:
Buyer power: Refers to negotiation power of buyers in a industrySupplier Power: Refers to supplier's power to charge a price for inputs. Threat of substitutes: Refers to competitors already making homogeneous or similar products.Degree of Rivalry i.e the intensity of competition in an industryThreat of new entrants: Threat of new firms entering the industry and gaining a market share.Thus, Threat of regulation is not considered amongst 5 forces that are used to assess industry attractiveness.
The 'threat of regulation' is not considered a standard factor in the Porter's Five Forces model for assessing industry attractiveness, whereas 'buyer power' and 'threat of substitutes' are included in the model.
Among the options provided, threat of regulation is NOT generally considered a key factor in assessing industry attractiveness in the same context as the other factors. The commonly used framework for industry assessment is the Porter's Five Forces model, which includes the following factors: buyer power ,, threat of substitutes degree of rivalry, supplier bargaining power, and barriers to entry. The threat of regulation can certainly influence industry attractiveness, but it is not one of the core five forces in Porter's model.
The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation:
Account Title Debits Credits Cash 99,000
Short-term investments 214,000
Accounts receivable 155,000
Long-term investments 51,000
Inventory 231,000
Receivables from employees 56,000
Prepaid expenses (for 2022) 32,000
Land 296,000 Building 1,710,000
Equipment 653,000
Patent (net) 168,000
Franchise (net) 56,000
Notes receivable 330,000
Interest receivable 28,000
Accumulated depreciation—building 636,000
Accumulated depreciation—equipment 226,000
Accounts payable 205,000
Dividends payable (payable on 1/16/2022) 26,000
Interest payable 32,000
Income Taxes payable 56,000
Deferred revenue 76,000
Notes payable 332,000
Allowance for uncollectible accounts 24,000
Common stock 2,064,000
Retained earnings 402,000
Totals 4,079,000
Additional information:
1. The common stock represents 1.3 million shares of no-par stock authorized, 660,000 shares issued and outstanding.
2. The receivables from employees are due on June 30, 2022.
3. The notes receivable are due in installments of $66,000, payable on each September 30. Interest is payable annually
4. Short-term investments consist of securities that the company plans to sell in 2022 and $66,000 in treasury bills purchased on December 15 of the current year that mature on February 15, 2022. Long-term investments consist of securities that the company does not plan to sell in the next year.
5. Deferred revenue represents payments from customer for extended service contracts. Seventy percent of these contracts expire in 2022, the remainder in 2023.
6. Notes payable consists of two notes, one for $116,000 due on January 15, 2023, and another for $216,000 due on June 30, 2024.
Required:
Prepare a classified balance sheet for Vosburgh at December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.)
Answer:
Find the balance sheet in attached excel file
Explanation:
Please note that the workings is before the final figures placed in respective columns.
The question is about generating a classified balance sheet for Vosburgh Electronics Corporation. The sheet lists assets, liabilities, and shareholder's equity into categories including current and long-term assets, current and long-term liabilities and shareholder's equity. Each category is calculated using the information provided.
Explanation:This question is about generating a classified balance sheet for the Vosburgh Electronics Corporation. A
classified balance sheet categorizes the company's assets, liabilities, and shareholder's equity into subcategories for easy understanding and comparison.
A classified balance sheet for Vosburgh would look like following:
Assets
Current Assets: Cash: $99,000 Short-term investments: $214,000 Accounts receivable (net): $155,000 - $24,000 (Allowance for uncollectible accounts) = $131,000 Inventory: $231,000 Receivables from employees: $56,000 Prepaid expenses: $32,000 Interest receivable: $28,000 Notes receivable: $66,000 (due in the following year) Long-term Assets:Long-term investments: $51,000 Land: $296,000 Building: $1,710,000 - $636,000 (Accumulated depreciation) = $1,074,000 Equipment: $653,000 - $226,000 (Accumulated depreciation) = $427,000 Patent: $168,000 Franchise: $56,000 Notes receivable: $330,000 - $66,000 (due in the following year) = $264,000
Liabilities
Current Liabilities: Accounts payable: $205,000 Dividends payable: $26,000 Interest payable: $32,000 Income taxes payable: $56,000 Deferred revenue, current portion: $76,000 * 70% = $53,200 Notes payable, current portion: $116,000 (due in the following year) Long-term Liabilities:Deferred revenue, non-current portion: $76,000 * 30% = $22,800 Notes payable, non-current portion: $216,000 (due beyond next year)
Stockholders' Equity
Common stock: $2,064,000 Retained earnings: $402,000 Learn more about Classified balance sheet here:
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Problems and Applications Q7
Oyster crackers are a complement for clam chowder. If the price of clam chowder falls, the quantity of clam chowder demanded
falls
rises
which
raises
lowers
the demand for oyster crackers. Because of the change in the equilibrium quantity of oyster crackers, the demand for wheat flour by oyster crackers producers
rises
falls
, causing the equilibrium price of wheat flour to
decrease
increase
. This means producers of bread face
higher
lower
input prices, and the supply of bread
decreases
increases
. The resulting
rise
fall
in the price of bread causes people to substitute
away from cereal and toward bread
away from bread and toward cereal
, so the demand for cereal
rises
falls
Answer:
Q1 rises quantity of clam chowder demanded as there will be more demand from complement goods for Oyster crackers as theri price decreases it.
Q2 rises the quantity the demand for oyster crackers as more persons will find a consumer surplus at a lower price therefore, more quantity.
Q3 demand for wheat flour increases as they are an input in the processing of Oyster crackers.
Q4: increase as the demand increases without an increase in supply which,
Q5 increase input prices of bread making decreases it resulting in:
Q6: rise of the price of bread making people
Q7 subtitute with cereal thus,
Q8 increasing the demand for cerals.
Explanation:
Sometimes called the coverage ratio, this ratio measures the risk that interest payments will not be made if earnings decrease. a.Number of days' sales in inventory b.Times interest earned ratio c.Ratio of fixed assets to long-term liabilities d.Ratio of liabilities to stockholders' equity
Answer:
The correct answer is letter "B": Times Interest Earned Ratio.
Explanation:
Times Interest Earned (TIE) ratio or the coverage ratio tests the capacity of a company to pay off its debts. TIE is calculated by dividing the company's earnings before interest and taxes by the interest that is payable on its debts. A low ratio means the company struggles to pay its debt, and if it fails to meet its obligations, it may face bankruptcy. A high ratio means that an organization can cover its expenses.
Harley Davidson stores sell merchandise which attract people who love motorcycles and the idea of an open road and freedom. Some are bikers and others are those who do not have a Harley Davidson motorcycle but buy the HD logo apparel and accessories. Therefore, Harley Davidson is using _____ as the scheme for market segmentation.
Answer: Lifestyle segmentation
Explanation: Because Harley Davidson seeks to attract a particular group of consumers, those who either bike, love the idea of the open road and freedom or those who do buy the HD logo apparel and accessories, Harley Davidson is employing the lifestyle segmentation type. This type of segmentation is one wherein consumers are grouped into sub-groups that are made from data pertaining to each customer as regards their lifestyle. Lifestyle segmentation is employed in the planning of products or services to be better suited to the lifestyle of customers in a bid to increase market share.
A person's lifestyle is a collection of their attitudes, values, interests, opinions etc. Lifestyle segmentation aims to establish relationships between products and services offered and targeted lifestyle groups.
Harley Davidson uses psychographic segmentation to market its merchandise to both bikers and individuals drawn to the motorcycle culture.
Harley Davidson is using psychographic segmentation as the scheme for market segmentation. This type of segmentation focuses on the lifestyle, interests, and activities of consumers. It targets not only those who are already bikers but also those who are attracted to the motorcycle culture and the sense of freedom and adventure it represents. By selling merchandise such as HD logo apparel and accessories, Harley Davidson appeals to a broader market that includes individuals who aspire to be part of this lifestyle, even if they do not own a Harley Davidson motorcycle.
Which of the following would prevent a company from receiving reduced penalties under CERCLA? a. the situation was corrected in 90 days b. the EPA discovered the violation c. the disclosure was made after a suit was threatened d. a and c only e. all of the above
Answer:
The correct answer is letter "E": all of the above.
Explanation:
The Comprehensive Environmental Response, Compensation, and Liability Act or CERCLA forbids employers to retaliate against employees for participating in protected activities related to possible environmental laws and regulations violations in regards to cleaning of uncontrolled or abandoned hazardous waste, spillovers or another polluting agent that represents an emergency.
Under the CERCLA, penalties can be imposed without reduction if the Environmental Protection Agency (EPA) finds out abut the situation, if the situation is resolved in ninety (90) days, or if there is a disclosure provided after a threat to take the case to Court.
The XYZ Chemical Company must ship 9,500 gallons of pesticides from its plant in Cincinnati, Ohio, to a customer in Columbia, Missouri. XYZ has a contract in place with Henderson Bulk Trucking Company as well as with the Central States Railroad. Both carriers are available for the move. Henderson will charge $600 per tank truck, and Central States A?1 rate is $1,000 per tankcar. Henderson tanks can hold a maximum quantity of 7,000 gallons. XYZ has a fleet of 23,500-gallon tankcars available in Cincinnati.a. Given the above information, evaluate the cost of each alternative.b. What other
Answer:
Henderson = $1,200
Central States = $1,000
Based on the calculations, Central States Railroad is better at a lower cost than Henderson
Explanation:
The question is to do an evaluation of the costs of use Henderson Bulk Trucking Company or the Central States Railroad
Step 1) Determine the cost of using Henderson
What is the cost per tank truck = $600
What is the capacity in gallons = 700 galloons
However, since XYZ Chemical needs to ship 9,600 gallons, it means it will make use of 2 trucks from Henderson as follows
The cost of Henderson Bulk Trucking = $600 x 2 = $1,200
Step 2) Determine the cost of using Central Railroad
What is the cost per tank truck = $1000
What is the capacity in gallons = 23,500 galloons
since XYZ Chemical needs to ship 9,600 gallons, it means it will make use of only one of the trucks
The cost of Central Roilroad= $1000 x 1 = $1,000
Based on the calculations, Central States Railroad is better at a lower cost than Henderson
XYZ Chemical Company would need two Henderson tank trucks for a total cost of $1,200, or a single tank car from Central States for a cost of $1,000. Thus, the cheaper alternative would be to transport the 9,500 gallons of pesticide via Central States Railroad. However, other factors such as delivery schedules, reliability, and environmental impact should also be considered.
Explanation:The first step to finding the cost of each alternative is to find out how many tank trucks or tank cars are required to ship the 9,500 gallons of pesticide. Given that Henderson tanks can carry a maximum of 7,000 gallons, this means that XYZ would need to utilize 2 Henderson tank trucks (7,000 gallons for the first truck and the remaining 2,500 gallons for the second truck).
Since Henderson charges $600 per tank truck, the cost equates to: 2 trucks * $600/truck = $1,200.
On the other hand, with Central States, given that each tank car can hold up to 23,500 gallons, XYZ only needs one tank car to transport the 9,500 gallons. Since Central State charges $1,000 per tank car, the total cost amounts to $1,000.
Therefore, the cheaper alternative would be to use Central States Railroad. However, the choice might depend on other factors as well, such as the reliability of the two carriers, their delivery schedules, and the environmental impact of both transport modes.
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A publisher prints copies of a popular weekly tabloid for distribution and sale. The fixed costs are $500 per print run, with each copy printed costing an additional $0.40. If C(q) is the cost function (in $) of the price of the print run as a function of copies printed, what is the formula for C(q)?
Answer:
500 + 0.40q
Explanation:
A publisher prints copies of a popular weekly tabloid for distribution and sale.
Given that,
Fixed costs = $500 per print run
Variable cost = $0.40
Therefore, the cost function is as follows:
Let the number of copies printed be q,
Cost function: C(q) = Fixed cost + Variable cost
= 500 + (0.40 × q)
= 500 + 0.40q
The year-end adjusted trial balance of the Timmons Tool and Die Corporation included the following account balances: retained earnings, $265,000; sales revenue, $880,000; cost of goods sold, $580,000; salaries expense, $155,000; rent expense, $49,000; and interest expense, $24,000.1.Close the revenue accounts as necessary2.Close the expense accounts as necessary3.Close net income
Answer:
Year end Closing journal Entries:
Dr. Cr.
1.
Sales revenue $880,000
Income Summary $880,000
2.
Income Summary $808,000
Cost of goods sold $580,000
Salaries expense $155,000
Rent expense $49,000
Interest expense $24,000
Retained earning is an equity account and it is also a permanent account which will not close.
A primary role of ________ is to describe how choices are made, analyze the results of those choices, and advise on how better decisions can be made. A. marginal analysis B. a market economy C. government policymakers D. economists
Answer:
D. economists
Explanation:
Economists -
It refers to the person practicing in the field of economics , is refers to as an economists .
The person is responsible to deal with the concepts of economics , develop , study and apply the classical theories of economics .
The major importance of economist is to make optimal decisions using their complete knowledge of economics .
Hence , from the given information of the question,
The correct option is D. economists .
Sherene Nili manages a company that produces wedding gowns. She produces both a custom product that is made to order and a standard product that is sold in bridal salons. Her accountant prepared the following forecasted income statement for March, which is a busy month:
Custom Dresses Standard Dresses Total
Number of dresses 10 20 30
Sales revenue $45,000 $25,000 $70,000
Materials $9,000 $7,000 $16,000
Labor 19,000 8,000 27,000
Machine depreciation 500 200 700
Rent 3,200 1,800 5,000
Heat and light 1,200 800 2,000
Other production costs 1,800
Marketing and administration 6,700
Total costs $59,200
Operating profit $10,800
Ms. Nili already has orders for the 10 custom dresses reflected in the March forecasted income statement. The depreciation charges are for machines used in the respective product lines. Machines depreciate at the rate of $1 per hour based on hours used, so these are variable costs. In March, cutting and sewing machines are expected to operate for 700 hours, of which 500 hours will be used to make custom dresses. The rent is for the building space, which has been leased for several years at $5,000 per month. The rent, heat, and light are allocated to the product lines based on the amount of floor space occupied.
A valued customer, who is a wedding consultant, has asked Ms. Nili for a special favor. This customer has a client who wants to get married in early April. Ms. Nili's company is working at capacity and would have to give up some other business to make this dress. She can't renege on custom orders already agreed to, but she can reduce the number of standard dresses produced in March to 10. Ms. Nili would lose permanently the opportunity to make up the lost production of standard dresses because she has no unused capacity for the foreseeable future. The customer is willing to pay $21,400 for the special order. Materials and labor for the order will cost $5,000 and $9,000, respectively. The special order would require 90 hours of machine time. Ms. Nili's company would save 100 hours of machine time from the standard dress business given up. Rent, heat and light, and other production costs would not be affected by the special order.
Required:
a. Calculate the differential operating profit (loss). include with special order, without the special order, difference and impact.
b. From an operating profit perspective for March, should Ms. Nili accept the order?
c. What is the minimum price Ms. Nili should accept to take the special order?
The answer & explanation for this question is given in the attachment below.
The differential operating profit with the special order is $7,400 and the impact is an increase of $7,400 from the operating profit without the special order. From an operating profit perspective for March, Ms. Nili should accept the order as it will increase the overall operating profit for the month. The minimum price she should accept for the special order is $14,000.
Explanation:To calculate the differential operating profit, we need to compare the operating profit with and without the special order. Without the special order, the operating profit is $10,800. With the special order, the operating profit would be $10,800 + $21,400 - $5,000 - $9,000 = $18,200. The differential operating profit is $18,200 - $10,800 = $7,400, and the impact of the special order on the operating profit is an increase of $7,400.
From an operating profit perspective for March, Ms. Nili should accept the order because it would increase the overall operating profit for the month by $7,400.
The minimum price that Ms. Nili should accept to take the special order is the additional cost of materials and labor, which is $5,000 + $9,000 = $14,000.
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Suppose the price you are willing to pay for a new car is greater than the marginal cost of producing that new car. Under which market structure could you be most confident that you would be able to buy that new car?a) Perfect Compettitionb)Monopolistic competitionc)Oligopolyd)Monopoly
Answer:
The correct answer is letter "A": Perfect Competition.
Explanation:
Perfect Competition is a theoretical framework of the market, in which competition is as high as possible. In perfectly competitive markets, all firms sell an identical product, all firms are price takers, all firms have a relatively small market share, buyers have complete information about the product and prices, and the industry is characterized by low to no barriers to enter and exit a business. Perfect competitive markets do not exist in real life.
Thus, if the price a consumer is willing to pay for a product is greater than its marginal cost, that individual is likely in a perfectly competitive market.
Otto and Monica are married taxpayers who file a joint tax return. For the current tax year, they have AGI of $80, 300. They have excess depreciation on real estate of $67, 500, which must be added back to Taxable Income to arrive at AMTI. The amount of their mortgage interest expense for the year was $25,000, and they made charitable contributions of $7, 500. They have no other itemized deductions. If Otto and Monica's taxable income for the current year is 39, 800, determine the amount of their AMTI.
Answer:
the AMT is 115, 300
Explanation:
The question is to determine the Alternate Minimum Tax (AMT). This represents a type of tax that is undertaken on estates, trusts, individuals and corporations by the Federal government of the United States. It works such that some items of tax preference are summed back to increase the amount of gross income.
The calculation is as follows:
Description Amount ($)
Otto and Monica's Adjusted Gross income 80,300
Add back: Depreciation in excess on real estate 67,500
This becomes the Minimum Income taxable 147,800
Subtract the following as deductions
Interest expense on mortgage (25,000)
Charitable contributions (7,500)
The AMT is 115, 300
Otto and Monica's alternative minimum taxable income (AMTI) is calculated by adding back the excess depreciation on real estate to their taxable income and then subtracting their total itemized deductions, resulting in an AMTI of $74,800 for the current tax year.
The student asks how to determine the alternative minimum taxable income (AMTI) for Otto and Monica, based on their given financial information. To calculate the AMTI, we must first add back the excess depreciation on real estate to their taxable income and then make necessary adjustments based on allowable itemized deductions.
Starting with their taxable income of $39,800, we add the excess depreciation on real estate of $67,500 to get a subtotal. Since their total itemized deductions (mortgage interest and charitable contributions) amount to $32,500, the AMTI can be calculated by summing the taxable income and the depreciation, then subtracting the itemized deductions as follows:
Taxable Income: $39,800
Add: Excess Depreciation on Real Estate: $67,500
Subtotal: $107,300
Less: Total Itemized Deductions (Mortgage Interest $25,000 + Charitable Contributions $7,500): $32,500
AMTI: Subtotal - Total Itemized Deductions
AMTI: $107,300 - $32,500 = $74,800
Hence, Otto and Monica's AMTI for the current tax year is $74,800.
A market segment is less attractive when ________. A) there are few aggressive competitors in the segment
B) it is difficult for new entrants to enter the segment
C) it contains powerful suppliers who can control prices
D) substitute products are unavailable in the segment
E) buyers in the market segment have weak bargaining powers
Answer:
B) it is difficult for new entrants to enter the segment
Explanation:
The porters' five forces of industry analysis include threat of new entrants, bargaining power of suppliers, competitive rivalry, bargaining power of customers and substitute products.
When the market is difficult for new entrants for one reason or the other such as the control of the distribution network by already established players in the industry, government regulations or large capital requirements etc the industry will be less attractive.
Other options given are factors that make the industry attractive.
If you are reading a web page about a particular topic and see related advertisements appear along the side of the page, do you feel the advertising constitutes an invasion of your privacy
Answer:
Yes.I do consider this invasion of privacy except i gave a consent to the website owner to use my data.
Explanation:
You found your dream house. It will cost you $300000 and you will put down $30000 as a down payment. For the rest you get a 30-year 4.0% mortgage. What will be your monthly mortgage payment in $ (assume no early repayment)?
Answer:
$1,282.80
Explanation:
The PMT formula is used for this question. The attachment is shown below:
The NPER shows the time period
Given that,
Present value = $300,000 - $30000 = $270,000
Future value = $0
Rate of interest = 4% ÷ 12 months = 0.33%
NPER = 30 years × 12 months = 360 months
The formula is shown below:
= PMT(Rate;NPER;-PV;FV;type)
The present value come in negative
So, after solving this, the answer is $1,282.80
A proposed new project has projected sales of $177,000, costs of $89,000, and depreciation of $24,600. The tax rate is 24 percent. Calculate operating cash flow using the four different approaches
Answer:
Operating Cash flow 72,784
Explanation:
sales 177,000
cost (89,000)
depreciation (24,600)
income before taxes 63,400
income tax expense
63,400 x24% (15,216)
Net income 48,184
1)
net income + non monetary term (depreciation)
48,184 + 24,600 = 72,784
2) direct method
collected from customer 177,000
payment to supplier (89,000)
tax paid (15,216)
cash flow 72.784
3) EBIT + depreciation - taxes
63,400 -15,216 + 24,600 = 72.784
Suppose that the government of China is currently fixing the exchange rate between the U.S. Dollar and the Chinese Yuan at a rate of $1 = 6 yuan. Also suppose that at this exchange rate, the people who want to convert dollars to yuan are asking to convert $10 billion per day of dollars into yuan, while the people who are wanting to convert yuan into dollars are asking to convert 36 billion yuan into dollars. What will happen to the size of China’s official reserves of dollars?a. Increaseb. Decreasec. Remains the same
Answer:
Explanation:
$10 billion is being converted to yuan
at a rate of $1 = 6 yuan, it would be converted to 60 billion yuan
$10 billion is transferred to China since they gain ownership of yuan
36 billion yuan is being converted to $6 billion
China’s official reserves of dollars will increase because $10 billion is coming and $6 billion going out.
Answer - A
When preparing the report to analyze a proposed quality improvement program, which of the following costs are included in the total costs of undertaking the quality improvement program? A. warranty costs B. sales returns C. cost of rework D. inspection of raw materials
Answer:
D. Inspection of raw materials
Explanation:
Quality improvement program is undertaken by entity in order to improve their processes and procedures for producing goods or providing services.
As every other business undertaking, entities incur cost when undertaking quality improvement program. Such cost includes data collection cost, survey cost and inspection cost.
In this case, inspection of raw materials will be included in the total costs of undertaking the quality improvement program.
Warranty costs, sales returns and cost of rework are all related to cost incurring in the ordinary business of an entity.
John Pablo works in the accounting department of a multinational manufacturing company, His job includes updating account receivable based on sales orders and remittance advices. His responsibilities are part of the company's A) revenue cycle B) expenditure cycle C) financing cycle D) production cycle.
Answer:
The correct answer is letter "A": revenue cycle.
Explanation:
The revenue cycle comprises all the activities that a firm takes from the manufacturing of a good until it reaches the retailer or end-user. The cycle actually ends when the payment for the good is received whether it is made with cash at the moment of the purchase or on credit.