Answer:
All items are correct.
Explanation:
A world-class company is one that uses several integrated factors to improve its activities and processes. Therefore, all alternatives are correct, as these companies stand out for their flexibility and ability to adapt to trends and capitalize on opportunities for their success in the market.
It is necessary that these companies adopt cost behavior patterns so that there is better control and management of the stability or instability of operating and commercial expenses when influenced by different internal and external events.
In order to meet organizational cost standards, an information system that integrates all organizational processes and data into a single system, called Enterprise Resource Planning, must be implemented in the company.
Finally, for better cost management and resource planning, it is the adoption of the just-in-time system, which is the way to produce according to demand, avoiding waste of the process, reducing inventories and making the product arrives at the right destination and at the right time, so that there is a maximum reduction of waste and a culture of continuous improvement is implemented.
If a strategy profile is a Nash Equilibrium a. Players may be using a weakly dominated strategy. b. Players maximize their own payoffs. c. Players are using a strictly dominant strategy. d. All the other answer options are correct.
Answer:
b. Players maximize their own payoffs.
Explanation:
Nash equilibrium, one of the most important tools of Game Theory, is the name given to players' strategy choices with certain features. According to the Nash equilibrium, each individual should try to do the best he can, taking into account the movements of other individuals with whom he is involved. In other words, the preferences of the individual depend on the preferences of others. In this case, the individual is expected to take an attitude not only in his own interest but also in the interests of others. Each individual should try to do the best he can, by seeing the movements of all the other individuals with whom he has a relationship. Let each player choose one of the actions he has in the game, and let's assume that all players make such a choice. If the action chosen for one player is the best action (in terms of return) that is taken into consideration by the action chosen by other players, and this feature is provided for all players, these actions create a Nash Equilibrium. Players can choose lean actions as well as choose to play multiple actions with a certain probability. Nash Balance is named after the American mathematician John Nash, who made important contributions to the concept of Game Theory. The first person to make an analytically similar observation is a French mathematician named Antoine Augustin Cournot. Cournot observed and detailed this phenomenon for a theoretical market where the two companies simultaneously determined the amount of production. In his doctoral dissertation in 1950, John Nash received the 1994 Economy Nobel Prize, proving that this balance exists in all games where the utility functions of players provide certain features.
On June 1, 2022, the company buys a new machine of greater capacity for $43,750, delivered, trading in the old machine which has a fair value and trade-in allowance of $25,000. To prepare the old machine for removal from the plant cost $94, and expenditures to install the new one were $1,880. It is estimated that the new machine has a useful life of 10 years, with a salvage value of $5,000 at the end of that time. (The exchange has commercial substance.)
Assuming that depreciation is to be computed on the straight-line basis, compute the annual depreciation on the new equipment that should be provided for the fiscal year beginning June 1, 2022
Answer:
Explanation:
Cost of new machine=43750+1880=45630
Annual depreciation=(Cost-Salvage value)/life in years=(45630-5000)/10=4063
Suppose the tax multiplier is 2.7. Assuming prices are constant, this means that
Group of answer choices
a $1 rise in government spending will raise both total spending and Real GDP (assuming prices are constant) by $2.70.
a $1 decline in taxes will lower Real GDP by $2.70.
a $1 decline in taxes will raise Real GDP by $2.70.
a $1 rise in taxes will change interest rates by 2.70 percent compared to what they were before the $1 rise in government spending.
none of these options.
Answer:
a $1 rise in government spending will raise both total spending and Real GDP (assuming prices are constant) by $2.70.
Explanation:
The tax multiplier is generally used to show the multiple at which there is either a decrease or an increase in gross domestic product when there is either an increase or decrease in tax. Therefore, if the tax multiplier is equivalent to '$n' and assuming there is no change in price, there will be an increase of '$n' on the GDP and total spending for every dollar increase in the spending of government.
Projects are identified and selected in the
a. planning phase
b. initiating phase
c. closing phase
d. performing phase
Answer:
correct answer is a. planning phase
Explanation:
project have 4 phase of life cycle and they are
Initiating Phase Planning Phase Execution or performing Phase Closing Phaseso in these 4 phase Projects identified in planning phase because
in planning phase we identifies all type of the work to be done and here project solutions also developed in detail and necessary steps taken for project planned
it cover approx 50% of the whole process
so here tasks and resource requirement is identified
so correct answer is a. planning phase
JME acquired a depreciable asset on January 1, 2014, for $60,000 cash. At that time JME estimated the asset would last 10 years and have no salvage value. During 2016, JME estimated the remaining life of the asset to be only three more years with a salvage value of $3,000. If JME uses straight-line depreciation, what is the depreciation for 2016? A. $ 6,000 B. $12,000 C. $15,000 D. $16,000
Answer:
C. $15,000
Explanation:
January 1, 2014;
Cost of asset = $60,000
Initial useful life = 10 years
Depreciation (which is the systematic allocation of cost to an asset for usage) based on initial assessment
= $60,000/10
= $6,000
During 2016 (assuming the date to be January 1, 2016) the asset is estimated to have a remaining life of three more years with a salvage value of $3,000.
The accumulated depreciation as at the time of this assessment
= $6,000 × 2 = $12,000
Carrying amount then = $60,000 - $12,000
= $48,000
Depreciation of 2016 = (carry value - salvage value)/remaining life
= ($48,000 - $3,000)/3
= $15,000
The correct option is B. $12,000.
To calculate the depreciation for 2016, we need to consider the change in the estimated useful life and salvage value of the asset.Initially, JME estimated the asset would last 10 years with no salvage value. The straight-line depreciation method calculates depreciation by subtracting the salvage value from the cost of the asset and then dividing by the useful life.
The initial annual depreciation would be:
Initial Depreciation = (Cost of Asset - Salvage Value) / Useful Life
Initial Depreciation = ($60,000 - $0) / 10 years
Initial Depreciation = $6,000 per year
For the first two years (2014 and 2015), JME would have depreciated the asset by:
Total Depreciation for first two years = Initial Depreciation * 2 years
Total Depreciation for first two years = $6,000 * 2
Total Depreciation for first two years = $12,000
In 2016, JME revised the estimated remaining life of the asset to three more years with a salvage value of $3,000. The book value of the asset at the beginning of 2016 would be the original cost minus the depreciation taken in the first two years:
Book Value at beginning of 2016 = Cost of Asset - Total Depreciation for first two years
Book Value at beginning of 2016 = $60,000 - $12,000
Book Value at beginning of 2016 = $48,000
Now, we need to calculate the remaining depreciation based on the revised estimates:
Remaining Depreciation = Book Value at beginning of 2016 - Salvage Value
Remaining Depreciation = $48,000 - $3,000
Remaining Depreciation = $45,000
The remaining depreciation should be spread over the revised remaining useful life of three years:
Revised Annual Depreciation = Remaining Depreciation / Remaining Useful Life
Revised Annual Depreciation = $45,000 / 3 years
Revised Annual Depreciation = $15,000 per year
Therefore, the depreciation for 2016, based on the revised estimates, is $15,000. However, this is not the final answer, as we need to account for the depreciation already taken in the first two years. The total depreciation for 2016 is the sum of the depreciation taken in the first two years plus the depreciation for 2016 based on the revised estimates:
Total Depreciation for 2016 = Initial Depreciation * 2 years + Revised Annual Depreciation
Total Depreciation for 2016 = $6,000 * 2 + $15,000
Total Depreciation for 2016 = $12,000 + $15,000
Total Depreciation for 2016 = $27,000
However, since the question asks for the depreciation for 2016 only, we should not include the depreciation from the first two years in our final answer. The correct depreciation for 2016, based on the revised estimates, is $15,000. But this is not one of the answer choices provided. Upon reviewing the calculation, it appears there was an error in the interpretation of the revised annual depreciation. The correct calculation for the revised annual depreciation should consider the remaining book value at the beginning of 2016 and the revised remaining life:
Revised Annual Depreciation = Remaining Book Value / Remaining Useful Life
Revised Annual Depreciation = $48,000 / 3 years
Revised Annual Depreciation = $16,000 per year
However, since the salvage value is $3,000, we need to subtract this from the annual depreciation to get the depreciation for 2016:
Depreciation for 2016 = Revised Annual Depreciation - (Salvage Value / Remaining Useful Life)
Depreciation for 2016 = $16,000 - ($3,000 / 3)
Depreciation for 2016 = $16,000 - $1,000
Depreciation for 2016 = $15,000
This calculation still results in $15,000, which is not one of the answer choices. The error lies in the fact that we should not subtract the salvage value per year from the annual depreciation since the salvage value has already been considered in the remaining book value.The correct calculation for the depreciation for 2016 is simply the revised annual depreciation based on the remaining book value and the remaining useful life:
Revised Annual Depreciation = Remaining Book Value / Remaining Useful Life
Revised Annual Depreciation = $48,000 / 3 years
Revised Annual Depreciation = $16,000 per year
Since the question asks for the depreciation for the year 2016, and we have calculated the revised annual depreciation to be $16,000 per year for the remaining three years, this is the correct depreciation amount for 2016.
Therefore, the correct answer is D. $16,000.
Blossom Corporation operates a retail computer store. To improve delivery services to customers, the company purchases four new trucks on April 1, 2020. The terms of acquisition for each truck are described below. 1. Truck
Items tagged CR are under CREDIT Column while Items tagged DB are under DEBIT Column
joan made deductible contributions to traditional retirement accounts for several years. in 2018 she decided to withdraw $10,000 from one of her accounts. joan is 62 years old how does this transaction affect her 2018 tax return
Answer:
Joan will pay income tax on the $10,000 she withdrew in 2018.
Explanation:
When withdrawing from traditional retirement account, the following rules apply:
1. Withdrawals before attaining the age of 59.5 years attract a penalty of 10%, along with income tax on the amount withdrawn.
2. Withdrawals after the age of 59.5 years are treated as income, so income tax is paid on it. In this case tax on the $10,000 withdrawn.
3. At age 70.5 and above you must take the Required Minimum Distribution (RMD) from the pension account.
Note: Roth IRA does not attract tax payments for ages 59.5 years and above, unlike traditional IRA that attracts income tax.
RMD payments does not apply for Roth IRA.
Karen White helped organize a charity fund to help cover the medical expenses of a friend of hers who was seriouslyinjured in a bicycle accident. The fund was named Vicky Hill Recovery Fund (VHRF). Karen contributed 81,000 of her ownmoney to the fund. The $1,000 was paid to WKUX, a local radio station that designed and played an advertising campaignto educate the public as to the need for help. The campaign resulted in the collection of $20,000 cash VHRF paid $12,000to Mercy Hospital to cover Vicky’s outstanding hospital cost. The remaining $8,000 was contributed to the National CyclistFund.RequiredIdentify the entities that were mentioned in the scenario and explain what happened to the cash accounts of each entitythat you identify.
Answer:
Explanation:
Karen contributed $1000, so her account decreased by $1000
Company paid $1000 to WKUX radio, so WKUX income increased by $1000
Someone donated $20000 due to campaign, so those who donated decreased their cash account by $20000
VHRF paid Mercy Hospital $12000, so hospital's account increased by $12000
Company contributed to NC Fund of $8000, so their account increased by $8000
VHRF TRANSACTIONS EFFECT:
1. Cash account increased by $21000 (charitable contributions)
2. Cash account decreased by $1000 (radio advertisement)
3. Cash account decreased by $12000 (hospital bills)
4. Cash account decreased by $8000 (contribution to NC fund)
Final answer:
Karen White initiated the Vicky Hill Recovery Fund, contributing $1,000 for an advertising campaign that raised $20,000. $12,000 of the funds raised were used to pay for medical bills, and $8,000 was donated to the National Cyclist Fund, impacting the cash accounts of several entities.
Explanation:
Karen White helped organize a charity fund called the Vicky Hill Recovery Fund (VHRF) to assist with the medical expenses of a friend injured in a bicycle accident. Karen contributed $1,000 to the fund, which was used to pay WKUX, a local radio station, for an advertising campaign. This campaign successfully raised $20,000. Of this amount, $12,000 was paid to Mercy Hospital to cover Vicky’s medical bills, and the remaining $8,000 was donated to the National Cyclist Fund. The entities involved—Karen White, WKUX radio station, Vicky Hill Recovery Fund (VHRF), Mercy Hospital, and the National Cyclist Fund—experienced changes in their cash accounts due to these transactions.
_________ is the abundance or shortage of critical organizational resources in an organization's external environment. Group of answer choices
Answer:
The correct word for the blank space is: Resource scarcity.
Explanation:
Resource scarcity can be defined as the lack of enough materials needed to perform a company's line of production. This problem typically pushes firms to contact suppliers outside their main area of operations so their output cannot be affected. Because of resource scarcity, various economic decisions must be made so a company can allocate resources efficiently.
Talia lives in Houston, Texas. She has traveled to India several times and is interested in working for a multinational corporation (MNC) with a presence there. She hopes that by working for such a company, she’ll first have an opportunity to transfer to a position in India and live there for an extended time and then be able to parlay that international experience into opportunities in other countries. Her research shows that MNCs with a significant presence in India include Nestlé, headquartered in Switzerland; PepsiCo, headquartered in the United States; Sony, headquartered in Japan; and Sun Pharmaceutical Industries, headquartered in India itself. Talia wants to do a lot more research on how these companies operate in India and on the nature of MNCs in general.
If Talia is hired as a manager at an MNC, what can she can expect? Check all that apply.
A. Strategy will include finding raw materials and locating production wherever it is most profitable to do so.
B. The corporate structure will integrate the activities of foreign affiliates.
C.She and her colleagues will cultivate a global perspective and view the entire world as one market.
D.The headquarters function will be dispersed, and various parts of the company will operate semi-independently.
Answer: The correct answers are "C. She and her colleagues will cultivate a global perspective and view the entire world as one market. ", "B. The corporate structure will integrate the activities of foreign affiliates. " and "A. Strategy will include finding raw materials and locating production wherever it is most profitable to do so.".
Explanation: If Talia is hired as a manager of a multinational, surely she and her colleagues will have a global perspective and will perceive the entire world as a single market, since it is a fundamental characteristic for the development of a multinational, as well as being in several countries, An optimal strategy would be to find and locate production in the country that implies a lower cost of labor and raw materials.
Also the corporate structure must integrate the activities of foreign subsidiaries to have greater power in the global market.
As a manager in a multinational corporation, Talia can expect to be involved in strategies seeking cost-effective production locations, working with an integrated corporate structure which involves foreign affiliates, cultivating a global market perspective, and the potential for semi-independent operation of different regional segments of the company.
Explanation:If Talia is hired as a manager at a multinational corporation (MNC), she can expect a number of experiences.
A. MNCs often follow strategies to find raw materials and locate production where it is most profitable. This is done to minimize costs and maximize profits. B. MNCs usually have a corporate structure that integrates the activities of foreign affiliates. This means that operations across different countries are coordinated and aligned with the overall corporate strategy. C. Talia and her colleagues will likely need to cultivate a global perspective and view the entire world as one market. This is because MNCs operate in multiple countries and need to consider global trends and variations in their decision-making processes. D. In many MNCs, the headquarters function is dispersed, meaning that different parts of the company operate semi-independently in different regions. This allows MNCs to be flexible and adaptive to local market conditions.Learn more about Working for Multinational Corporations here:
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Clean Chemical Corp. recently moved its operations from Houston, Texas, to Somalia. The decision to move was the result of new federal regulations regarding clean air standards that all chemical corporations are subjected to. A critic of globalization would say this example demonstrates what concern?a. As countries get richer, they relax their environmental and labor regulations.b. Manufacturing enterprises are put at a competitive disadvantage by moving their production facilities to nations that do not have burdensome regulations.c. More countries are working to meet the strict environmental standards set by the U.S. government.d. Free trade discourages firms from advanced nations to move manufacturing facilities to less developed countries.e. Facilities in advanced nations are moving to less developed countries that have lower environmental regulations.
Answer:
The correct answer is letter "E": Facilities in advanced nations are moving to less developed countries that have lower environmental regulations.
Explanation:
To reduce costs and avoid strict regulations that could harm their operations, countries move their businesses to developing or underdeveloped countries. Most of the time this is considered an unethical practice because it takes away job opportunities in the country where the operations of the company will be removed and is an easy way to surpass necessary regulations that other countries do not even consider that could bring negative damages to society.
Analyzing and Reporting Financial Statement Effects of Transactions M.E. Carter launched Carter Company, a professional services firm on March 1. The firm will prepare financial statements at each month-end. In March (its first month), Carter executed the following transactions. a. Carter (owner) invested in the company $300,000 cash and $60,000 in property and equipment. The company issued common stock to Carter. b. The company paid $9,600 cash for rent of office furnishings and facilities for March. c. The company performed services for clients and immediately received $12,000 cash earned. d. The company performed services for clients and sent a bill for $72,000 with payment due within 60 days. e. The company compensated an office employee with $14,400 cash as salary for March. f. The company received $30,000 cash as partial payment on the amount owed from clients in transaction d. g. The company paid $2,805 cash in dividends to Carter (owner). Prepare an income statement for Carter Company for the month of March. Do not use negative signs with your answers unless to indicate a net loss. Carter Company Income Statement For the month ended March 31 Sale revenue Answer 0 Expenses Rent expense Answer 0 Wage expense Answer 0 Answer 0 Net income (loss) Answer 0
Answer:
$18,000
Explanation:
To find the Sales Revenue we simply add the $12,000 cash received immediately, and the $30,000 received as partial payment, totalling $42,000.
Then, we simply complete the proposed income statement:
Income Statement for the Month Ended in March 31
Sales Revenue $42,000
Rent Expense $9,600
Wage Expense $14,400
Net Income $18,000
Net Income is equal to Revenue - expenses.
Financial managers of MNCs should learn how to manage foreign exchange and political risks using proper tools and instruments.
True/False
Answer:
True
Explanation:
Financial managers should manage foreign exchange and political risks by using proper tools and instruments . This deals with (and take advantage of) market imperfections also benefits from the expanded investment and financing opportunities
A firm’s current profits are $ 400,000. These profits are expected to grow indefinitely at a constant annual rate of 4 percent. If the firm’s opportunity cost of funds is 6 percent, determine the value of the firm a. The instant before it pays out current profits as dividends.
Answer:
$20,800,000
Explanation:
The formula and computation is shown below:
Value of the firm = {(Firm's current profits) × (1 + firm’s opportunity cost of funds)} ÷ (firm’s opportunity cost of funds - constant growth annual rate)
= {($400,000) × (1 + 0.06) ÷ (0.06 - 0.04)
= $424,000 ÷ 0.02
= $21,200,000
Hence, we recognized all the information which is mentioned in the question.
The value of the firm just before it pays out current profits as dividends is $20,000,000.
Explanation:To determine the value of the firm just before it pays out current profits as dividends, we need to calculate the present value of the firm's future profits. The formula to calculate the present value is:
Present Value = Cash Flow / (Discount Rate - Growth Rate)
In this case, the current profits are $400,000 and the annual growth rate is 4%. The opportunity cost of funds is 6%. Using these values, we can calculate the present value:
Present Value = $400,000 / (0.06 - 0.04) = $20,000,000
Therefore, the value of the firm just before it pays out current profits as dividends is $20,000,000.
Vault-Tec. has annual fixed costs excluding depreciation of $1,000,000 and variable costs that are 75% of sales. If depreciation was $250,000, what was Vault-Tec's break-even level of sales?
Final answer:
To find Vault-Tec's break-even level of sales, we calculate it as Fixed Costs / (1 - Variable Cost Ratio), with fixed costs of $1,000,000 and a variable cost ratio of 0.75. This results in $4,000,000 in sales needed to break even.
Explanation:
Break-Even Analysis in Business
To calculate Vault-Tec's break-even level of sales, we need to understand that break-even occurs when the total revenue equals the total costs. Here, the total costs include both fixed costs and variable costs. To find the break-even point in terms of sales dollars, we use the formula: Fixed Costs / (1 - Variable Cost Ratio).
Vault-Tec.’s fixed costs are $1,000,000 and the depreciation is $250,000, but since depreciation is a non-cash expense and does not affect the calculation in this context, we will exclude it. The variable costs are 75% of the sales, meaning the Variable Cost Ratio is 0.75. Putting these numbers into the formula gives us:
Break-even level of sales = $1,000,000 / (1 - 0.75) = $1,000,000 / 0.25 = $4,000,000.
Therefore, Vault-Tec would need to achieve $4,000,000 in sales to break even.
This same approach can be applied to any business scenario, like the vacuum cleaner manufacturer mentioned in the provided examples who has to calculate the number of units to sell at a given price to cover her costs. By understanding your costs and setting prices accordingly, a business can plan for the break-even price point and guarantee that its sales cover all expenses.
Consider the following demand and supply schedules for coffee. Price per cup Quantity demanded (cups) Quantity supplied (cups) $9 2 10 $7 4 8 $5 6 6 $3 8 4 $1 10 2 What is the price when the market is in equilibrium?
Answer:
$5
Explanation:
Equilibrium is when the quantity demanded equals the quantity supplied.
At $5, quantity demanded = quantity supplied = 6
At the other prices, quantity demanded isn't equal to quantity supplied.
I hope my answer helps you
Why are employee benefits strategically important to employers and what are some key strategic considerations?
Explanation:
Employee benefits are strategically important for employers because this is a strategy for recruiting and retaining good people to work for your company, as qualified employees will be more productive and will more effectively assist in achieving goals and organizational objectives.
However, offering benefits requires a high cost, because the more benefits the company offers, the more expensive the cost of hiring employees, so it is necessary to have a clear communication strategy with employees about the value and cost of benefits received, so that there is a greater understanding of total compensation.
Employee benefits are strategically important to employers for attracting and retaining skilled employees, incentivizing performance, and meeting legal requirements. These benefits may include health insurance, supplemental pay, retirement and savings plans, and continuous training and education.
Explanation:Employee benefits are strategically important to employers for many reasons. Primarily, they assist in attracting and retaining a highly-skilled, productive workforce. Specifically, companies that offer the best benefits package and brand successfully attract younger generations, such as millennials, who value a variety of options, including flexible work schedules and continuous training and education. Health Benefits, Supplemental Pay, and Retirement and Savings are key strategic features of employee benefit packages. Employers with more than 50 employees must legally provide health insurance, reinforcing the strategic importance of health benefits. Additionally, employers often offer defined benefits or defined contribution schemes, such as pensions. In such cases, employers are required to contribute a small fraction to the Pension Benefit Guarantee Corporation to protect employee benefits in case of bankruptcy.
Moreover, employers use benefits strategically to incentivize and reward performance, thus boosting employee morale and productivity. Furthermore, such benefits can serve as potent signals employers use to pre-screen candidates, as well as indicators of attributes such as work ethic and perseverance. Therefore, well-crafted employee benefit packages are instrumental for employers in managing their workforce and achieving organizational objectives.
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The ____, an accord among 117 nations, called for lower tariffs around the world. a. European Union Accord b. North American Free Trade Agreement (NAFTA) c. General Agreement on Tariffs and Trade (GATT) d. None of these are correct. e. Single European Act of 1987
Answer:
The correct answer is letter "C": General Agreement on Tariffs and Trade (GATT).
Explanation:
The General Agreement on Tariffs and Trade (GATT) is a treaty effective from 1948 that pursues fairness when it comes to international trade by reducing tariffs and that promotes equal treatment among countries. The GATT was replaced by the World Trade Organization (WTO) in 1995 under the same objectives but with more participation of the member nations.
Suppose Sansa and Arya divide their time between making daggers and shields. It takes Sansa 6 hours to make a dagger and 3 hours to make a shield, and it takes Arya 3 hours to make a dagger and 1 hour to make a shield. Sansa and Arya each work 30 hours a week.a.) sansa: 5
Arya: 10
b.) sansa: 2
Arya: 3
c.) sansa
d.) Arya
Answer:
a. Sansa: 5 daggers per week
Arya: 10 daggers per week
b. Sansa's opportunity cost of making a dagger: 2 shields
Arya's opportunity cost of making a dagger: 3 shields
c. Sansa
d. Arya
Explanation:
a. The maximum number of products made in a week is determined by dividing their weekly time capacity with the time demanded for each piece. So, to determine Sansa's maximum number, just divide 30 hrs / 6 hrs = 5. The same applies for Arya and shields too.
b. The opportunity cost is determined as the missed benefit when Sansa/Arya opts for one product. So, when Sansa chooses to dedicate 6 hours of her working time to make a dagger, she misses the benefits of having 2 shields, as she was able to make 2 shields for the same time frame (6 hours). The same applies for Arya.
c. Comparative advantage is determined by comparing the opportunity costs associated with each product and competitor. Since Sansa's opportunity cost in making daggers is lower than Arya's (2 shields compared to 3 shields), Sansa has a comparative advantage over Arya in making daggers.
d. Absolute advantage is determined as the ability of an individual to produce the same (or greater) number of output than the competitor, given the same time frame. It is evident that Arya has an absolute advantage over Sansa, as she can create more shields and daggers than her in the same time frame (30 hrs).
The question involves calculating the optimal allocation of time for Sansa and Arya based on their differing efficiencies in making daggers and shields. Since Arya has a lower opportunity cost for making shields, she should specialize in shields, while Sansa should specialize in daggers.
Explanation:The question relates to the concept of comparative advantage and opportunity cost in economics, specifically in the area of production possibilities. Sansa and Arya have 30 hours a week to either make daggers or shields. With Sansa taking 6 hours per dagger and 3 hours per shield, and Arya taking 3 hours per dagger and 1 hour per shield, the goal is to figure out how they can best allocate their time to maximize production, considering their different efficiencies.
To determine who should specialize in which task, we compare their opportunity costs. Sansa sacrifices two shields when she makes one dagger (6 hours for a dagger compared to 3 hours for a shield). Arya sacrifices three shields for each dagger she makes (3 hours for a dagger compared to 1 hour for a shield). Hence, Arya should specialize in making shields because she has a comparative advantage in making shields, and Sansa should specialize in making daggers.
If they specialize, Sansa will spend her entire 30 hours making daggers, producing 5 daggers (30 hours / 6 hours per dagger), while Arya will spend her 30 hours making shields, producing 30 shields (30 hours / 1 hour per shield). Answer (b), which states Sansa: 2 and Arya: 3, does not correctly represent their production capabilities based on the given information.
How would you characterize Semler's early leadership Style according to the article Leadership That GetsResults? Explain?
Answer:
Semler's early leadership Style was the coercive one. He expected a lot from his employees believe in micromanaging his team. He always do overtime and expects the same from his employees/team as well.
Explanation:
Semler's early leadership Style showed that he wanted immediate success and be bossy in terms of selecting and firing the employees.
All of the following are possible ways to commit fraud by using a payroll scheme EXCEPT:
(A) overstating expenses.
(B) falsifying hours worked.
(C) creating ghost employees.
(D) producing false worker compensation claim.
Answer:
The correct answer is letter "A": overstating expenses.
Explanation:
For accounting record-keeping, the company's expenses are not included within the labor direct costs. Expenses refer to all those expenditures a company may incur as a result to handle businesses and pursuing to keep it going. Those transactions are recorded in the income statement.
Germany has a market economy As such. Germany's economy (relative to centrally planned economies) tends to result in
a. equity btr not necessarily productive efficiency or allocative efficiency
b. allocative efficiency but not necessarily productive efficiency at equity
c. productive efficiency but not necessarily allocative efficiency or equity
d. productive efficiency and allocator efficiency but not necessity equity
e. cablative efficiency and equity but not necessarily productive efficiency
Answer:
d. productive efficiency and allocator efficiency but not necessity equity
Explanation:
Centrally planned economy is an system where the central authority e.g the government makes positive economic decisions regarding the production, manufacturing, allocation and distribution of goods and services.
Which country is a good example of a high present rate of investment and a low present rate of consumer goods consumption?
Mexico is a good example of a high present rate of investment and a low present rate of consumer goods consumption. Thus, option B is the correct option.
Mexico serves as a compelling illustration of a nation experiencing a robust current investment rate juxtaposed against a relatively modest level of consumer goods consumption. The country directs a significant portion of its resources towards expanding industries, infrastructure, and technological advancements, fostering economic growth. This emphasis on investment bolsters its potential for future prosperity.
Simultaneously, Mexico maintains a measured approach to consumer goods consumption, potentially stemming from factors like income distribution and cultural preferences. This unique balance signifies a strategic focus on long-term economic development while managing immediate consumption patterns, offering insights into Mexico's forward-looking economic strategy.
Thus, option B is the correct option.
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Probably the full options are:
A. Germany
B. Mexico
C. United States
D. United Kingdom
China is an example of a country with a high present rate of investment and a low present rate of consumer goods consumption. The government and businesses focus on infrastructure and capital investments instead of consumer goods consumption, resulting in significant economic growth and development.
Explanation:
A good example of a country with a high present rate of investment and a low present rate of consumer goods consumption is China. China is well known for its investment-led growth model, whereby the government and businesses allocate a significant portion of the country's resources to infrastructure, manufacturing, and other forms of capital investment, rather than individual consumer goods consumption. This has resulted in remarkable economic growth and development, albeit with a lower rate of consumption.
The Chinese government encourages this approach to stimulate long-term growth and reduce its dependence on foreign markets. As a result of this focus on investment rather than consumption, citizens may have less purchasing power or consume less, but the overall economy benefits from heightened stability and continuous growth.
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Functional strategy is the set of activities that each _________ will pursue in order to help the firm accomplish its competitive goals.
Answer:
department or functional area
Explanation:
Three types of strategies are identified in the management system: corporate strategy; functional strategy; of agricultural units
strategy.
1) Corporate strategy - defines perspective development of the enterprise as a whole. It focuses on the mission of the enterprise and serves the ultimate goal of the enterprise - maximizing profit. Choosing the type of economic activity at the level of the corporate strategy, maintaining the long-term competitive advantage of the enterprise; The most important issues, such as the allocation of resources across the strategic areas of the mirror, are addressed by senior managers.
2) The functional strategy of the enterprise is formed by the main functional units in each activity area, we can call these units as departments or functional areas too. Functional strategies are used in the following areas: marketing, production, finance, personnel, investment and innovation. Functional strategy of the enterprise is aimed at deeper study of its corporate strategy (realization of the main purpose of the enterprise) and provision of resources of separate economic units. Functional division managers are involved in the development of strategies for key functional units.
3) Business unit strategy - (business strategy usually serves two purposes - competitive advantage of a specific product and increase of its profitability. Business management in the new region, etc. At this level, managers and managers of business units are involved in the development of strategies, advice and assistance of managers in the development of corporate strategy.
A functional strategy marks the set of actions for each department within a company, aiding in achieving its competition goals. This can involve decisions relating to focus on few products, termed as 'core competency', for better success.
Explanation:A functional strategy refers to the set of activities that each department within a firm will pursue in order to help the company achieve its competitive goals.
These strategies are part of a larger business plan, focusing on areas like Finance, Marketing, HR, or Operations to improve the overall functionality and performance of the corporation.
For instance, a production department may involve important decisions that define a firm's behavior, like focusing on one or few products, which is sometimes referred to as its 'core competency.' This can lead to more success than firms that try to manage a wide range of products.
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HipHop Music Company assigns workers to departments based on similar skills. Currently, the company has a marketing department, a production department, a finance department, and a human resources department. This suggests that HipHop departmentalizes by: A. process.B.function.C. user group.D. tradition.
Answer:
Correct answer is (B). function.
Explanation:
By assigning workers to different department base on the skill, the HipHop Music Company is differentiating their tasks base on the functions of each department
Lincoln Company purchased merchandise from Grandville Corp. on September 30, 2018. Payment was made in the form of a noninterest-bearing note requiring Lincoln to make six annual payments of $5,400 on each September 30, beginning on September 30, 2021.
(FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
Calculate the amount at which Lincoln should record the note payable and corresponding purchases on September 30, 2018, assuming that an interest rate of 9% properly reflects the time value of money in this situation.
Answer:
Merchandise inventory 20,388.82 debit
Note payable 20,388.82 credit
Explanation:
First we calculate the present value of the annuity at 9% discount rate
[tex]C \times \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]
C 5,400.00
time 6
rate 0.09
[tex]5400 \times \frac{1-(1+0.09)^{-6} }{0.09} = PV\\[/tex]
PV $26,404.1168
Then, we discount this value by the three year grace period between the purchase and the first payment
[tex]\frac{Maturity}{(1 + rate)^{time} } = PV[/tex]
Maturity 26,404.12
time 3.00
rate 0.09000
[tex]\frac{26404.1168220993}{(1 + 0.09)^{3} } = PV[/tex]
PV 20,388.8228
John is purchasing a house for $500,000. He plans to make a down payment of $100,000 and take out a 30-year mortgage for $400,000.a.If the interest rate on the house is 5.5 per cent per year, how much will his monthlypayment be for principal and interest?b.If the interest rate is the same, how much would his monthlypayment for principal and interest be if he took out a 15-year mortgage?
Answer:
1) The monthly payments if the mortgage is 30 years will be $2,270
2)The monthly payments if the mortgage is 15 years will be $3,267
Explanation:
The house is worth 500,000, John pays 100,000 down payment which means that 400,000 payment is left. We need to find out that if the present value of the payment is 400,000 then what will the monthly payments be for 30,000 in order to have a present value of 400,000.
The Present value is 400,000, the interest rate is 5.5% but because the payments are monthly we will divide it by 12 (5.5/12=0.458). The Number of compounding periods will be the number of months in 30 years so N = 30*12=360. The future value is 0 as there is no lump sum payment at the end.
We input the following information in a financial calculator in order to find the the payment.
PV= 400,000
FV=0
N=360
I=0.458
Compute PMT=2,270
Now in order to find the payments for a 15 year mortgage we will replace n=360 with n=15*12= 180.
PV= 400,000
FV=0
N=180
I=0.458
Compute PMT=3,267
Final answer:
To calculate the monthly payment for principal and interest, use the formula for a fixed-rate mortgage. For a 30-year mortgage at 5.5% interest, the monthly payment would be approximately $2,264.33. If John took out a 15-year mortgage, the monthly payment would be different with a shorter term.
Explanation:
To calculate the monthly payment for principal and interest, we can use the formula for a fixed-rate mortgage:
Monthly Payment = (P * r * (1+r)^n) / ((1+r)^n - 1)
where:
P represents the principal amount borrowed ($400,000)r is the monthly interest rate (5.5% / 12 = 0.00458)n is the number of monthly payments (30 years = 30 * 12 = 360 months)Using these values, we can calculate the monthly payment:
Monthly Payment = (400000 * 0.00458 * (1+0.00458)^360) / ((1+0.00458)^360 - 1) = $2,264.33 (approximately)
If John took out a 15-year mortgage instead, the formula would remain the same but with a different value for n.
You would like to buy shares of International Business Machines (BM). The current bid and ask quotes are $103.25 and $103.30, respectively You place a market buy-order for 200 shares that executes at these quoted prices. How much money did it cost to buy these shares?
a. $10,330.00
b. $20,650.00
c. $20,660.00
d. None of the options
Answer:
c. $20,660.00
Explanation:
Given that
Current bid price = $103.25
Ask price = $103.30
Number of shares = 200 shares
By considering the above information, the amount of money for buying these shares would be equal to
= Number of shares × ask price
= 200 shares × $103.30
= $20,660
Since the shares are of buy market order, so we consider the ask price only, instead of the current bid price
Final answer:
The total cost to buy 200 shares of IBM at the ask price of $103.30 per share is $20,660.00.
Explanation:
When you place a market buy-order for shares, you agree to buy the shares at the current ask price. In this case, the ask price for International Business Machines (IBM) shares is $103.30. If you buy 200 shares at this price, the total cost will be calculated as follows:
Number of shares bought: 200 sharesAsk price per share: $103.30Total cost: 200 shares × $103.30 per share = $20,660.00Therefore, the total cost to buy 200 shares of IBM at the ask price of $103.30 per share is $20,660.00.
Beverly’s new fusion restaurant has been in business for 6 months. It is doing great! Each weekend she has more reservation requests than the restaurant can handle. Beverly decides she would like to raise some capital to help the restaurant grow to keep up with the demand. What would be an appropriate choice for Beverly to consider in order to raise that capital?
Answer:
D. Venture Capital
Explanation:
Option A is wrong. As the restaurant has been operating for only six months, it is not a public limited company to offer a preferred stock.
Option B is incorrect. Since the restaurant company is new and expanding steadily, issuing common stock will cost them unnecessary expenses.
Option C is incorrect as taking bonds will see them provide another extra expense, interest cost.
Option D is correct. Venture capitalists seek to help those startups which are relevantly new and expanding steadily but nicely. Therefore, It would be an appropriate choice for Beverly to consider to raise that capital.
To raise capital for her restaurant, Beverly could consider seeking investors, applying for a loan, or crowdfunding.
Explanation:To raise capital for her restaurant, Beverly could consider a few options:
Seeking investors: Beverly could pitch her restaurant idea to potential investors who may be interested in providing capital in exchange for a share in the business.Applying for a loan: Beverly could approach banks or other lending institutions to apply for a business loan to fund the restaurant's growth.Crowdfunding: Beverly could set up a crowdfunding campaign online where individuals can make small contributions towards her business.Each option has its pros and cons, so Beverly should carefully consider her goals, financial situation, and long-term plans before making a decision.
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Suppose that the government believes the economy is producing goods and services beyond its optimal level. The government therefore decides to decrease the quantity of money in the economy. This monetary policy____________ the economy's demand for goods and services, leading to____________product prices. In the short run, the change in prices induces firms to produce_________ goods and services. This, in turn, leads to a________level of unemployment. In other words, the economy faces a trade-off between inflation and unemployment: Lower inflation leads to_______ unemployment.
Answer:
1. Reduces
2. Decrease in
3. Less Quantity
4. Increased level
5. Higher level
Explanation:
The challenge with the monetary policy introduced by the government is that it is a contractionary policy. A contractionary monetary policy fights inflation by reducing the money in supply in order to increase the cost of borrowing.
However, the problem with contractionary policy is that once the demands for goods and services decrease, the price of products will go down to entice people to consume and purchase. Once the price of products go down, the manufacturers are demotivated to produce more, hence production will go down.
Once production goes down, people are laid off work, and firms can no longer employ more leading to a higher level of unemployment.
The challenge therefore is that lowering inflation will lead to increased unemployment due to the ripple effects.
A contractionary monetary policy reduces demand for goods and services, leading to lower prices and less production. This, in turn, increases the level of unemployment. This policy illustrates the trade-off between inflation and unemployment.
Explanation:When the government sees the economy is overproducing, it may enact a contractionary monetary policy. Doing so involves decreasing the available money in the market. This decision reduces the economy's demand for goods and services, leading to lower product prices. As prices decrease in the short term, firms become discouraged from producing excess goods and services and thus produce fewer goods. Consequently, this leads to an increased level of unemployment. This scenario represents the economic trade-off between inflation and unemployment, essentially meaning lower inflation can lead to higher unemployment.
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