The producer surplus per month is $200, the total consumer surplus per month is $100, and the total surplus each month is $300.
Explanation:In the given scenario, we need to calculate the producer surplus, consumer surplus, and total surplus. The producer surplus per month is the difference between what the landlord receives ($550) and what he would have been willing to accept ($500). This gives a producer surplus of $50 per room, or $200 for all four rooms.
The consumer surplus is the difference between what each person is willing to pay and what they actually pay (all paying $550). So, for you, the consumer surplus is $30 (580-550), for friend one it is $0, for friend two it's $10 (560-550), and for friend three it's $60 (610-550). Adding all these consumer surpluses, the total consumer surplus is $100 per month.
Lastly, total surplus per month is the sum of producer surplus and consumer surplus, totaling to $300 per month.
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In the usual ______________ procedure, parties select a disinterested and informed party or parties to serve as a referee to determine the merits of the case and make a judgment that both parties agree to honor.
Answer: Arbitration
Explanation:
The arbitration procedure is one of the type of private processing method that is used for resolve the various types of disputes in the court after hearing all the evidences and the reasoning.
The arbitration is one of the procedure that makes various types of decisions and the dispute is majorly submit by the parties in the form of agreement.
According to the given question, the arbitration procedure basically determining the different merit according to the case and then make their judgement.
Therefore, Arbitration is the correct answer.
Candle Shop, Inc. has net sales on account of $1,700,000. The average net accounts receivable are $630,000. Calculate the days' sales in receivables. (Use 365 days for any calculations. Round any intermediate calculations and your final answer to two decimal places.) 328.50 days 365.00 days 135.19 days 2.70 days
The days' sales in receivables or the average collection period for Candle Shop, Inc. is approximately 135.19 days. This is calculated by dividing the average net accounts receivable by net sales on account and multiplying the result by the number of days in a year.
Explanation:The days' sales in receivables, also known as 'average collection period', is a measure of the average number of days it takes for a company to collect its receivables after a sale has been made. It's a good indicator of how effectively a company is managing its accounts receivable. In this case, we will divide the average net accounts receivable by the net sales on account and multiply the result by 365.
Using the given figures:
Days' sales in receivables = (Average Net Accounts Receivable / Net Sales on Account) x 365
= ( $630,000 / $1,700,000 ) x 365 = 135.19 days.
So, the Candle Shop, Inc.'s average collection period is approximately 135.19 days.
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_____ is characterized by intangible outputs. Group of answer choices Service technology Mass production Large-batch production Small-batch production Continuous process production
Answer:
The correct answer is letter "A": Service technology.
Explanation:
Service technology is referred to as the customer service support companies provide using online-based applications where consumers can submit requests, file claims or ask for general inquiries. As the interaction between organizations and their clients is based on chat software interactions, it is considered intangible. However, it does not imply the outcome will be different or not beneficial for consumers.
Service technology allows fastening customer service assistance time.
The following events occur for Morris Engineering during 2021 and 2022, its first two years of operations. February 2, 2021 Provide services to customers on account for $26,000. July 23, 2021 Receive $17,000 from customers on account. December 31, 2021 Estimate that 20% of uncollected accounts will not be received. April 12, 2022 Provide services to customers on account for $39,000. June 28, 2022 Receive $6,000 from customers for services provided in 2021. September 13, 2022 Write off the remaining amounts owed from services provided in 2021. October 5, 2022 Receive $35,000 from customers for services provided in 2022. December 31, 2022 Estimate that 20% of uncollected accounts will not be received.
Answer:
See explanation section.
Explanation:
Requirement 1
February 2 2021 Account receivable debit $26,000
Service revenue credit $26,000
Note: To record the sale on the account.
July 23, 2021 Cash debit $17,000
Account receivable credit $17,000
Note: To record the receive from customers.
December 31, 2021 Bad debt expense debit $1,800
Allowance for Bad debt credit $1,800
Note: [($26,000 - $17,000) × 20%] = $1,800.
Assuming the company uses the allowance method.
Requirement 2
April 12, 2022 Account receivable debit $39,000
service revenue credit $39,000
Note: To record the sale on the account.
June 28, 2022 Cash debit $6,000
Account receivable credit $6,000
Note: To record the receive from customers.
September 13, 2022 Bad debt expense debit $3,000
Account receivable credit $3,000
Calculation: Remaining amount that cannot be received = ($26,000 - $17,000 - $6,000) = $3,000
October 5, 2022 Cash debit $35,000
Account receivable credit $35,000
Note: To record the receive from customers.
December 31, 2021 Bad debt expense debit $800
Allowance for Bad debt credit $800
Calculation: [($39,000 - $35,000) × 20%] = $800
The subject of this question is Business and it is appropriate for High School level. Morris Engineering engages in providing services to customers on account, receiving payments, estimating uncollected accounts, and writing off remaining amounts owed. These events are related to the accounting and financial management aspects of the business.
Explanation:The subject of this question is Business and it is appropriate for High School level.
Throughout the given events, Morris Engineering engages in providing services to customers on account, receiving payments from customers, estimating uncollected accounts, writing off remaining amounts owed, and estimating future uncollected accounts. These events are related to the accounting and financial management aspects of the business.
Keywords: business, accounting, customers, payments, uncollected accounts, financial management
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5. Olivia Kelly has just won the Beawinner Lottery and can elect one of two options for her payments. She can either receive $500,000 today or she can receive three annual payments as follows: $100,000 at the end of the first year, $200,000 at the end of the second year, and $300,000 at the end of the third year. If she believes she can make an investment that will pay a 9% compounded annually interest rate, should she take the $500,000 or the three payments?
Answer:
It is better to receive the $500,000 now.
Explanation:
Giving the following information:
Option 1:
Receive $500,000 today.
Option 2:
Three annual payments of $100,000, $200,000 and $300,000 at the end of each year.
Annual interest of 9%.
There are two different ways of determining which option is the best. We can calculate the present value of the three payments and compare them to $500,000, or calculate the final value at an interest rate of 9% compounded annually.
Present value:
PV= FV/(1+i)^n
The present value of the second option:
PV= 300,000/1.09^3 + 200,000/1.09^2 + 100,000/1.09= $491,734.17
Final value:
FV= PV*(1+i)^n
Option 1:
FV= 500,000*(1.09)^3= $647,514.5
Option 2:
FV= 100,000*1.09^2 + 200,000*1.09 + 300,000= $636,810
In both ways, option 1 is better.
GDP does not count: Group of answer choices
the estimated value of homemaker production.
state and local government purchases.
spending for new homes.
changes in inventories.
Answer:
tththhr
Explanation:
GDP does not count: A. the estimated value of homemaker production.
What is GDP?GDP (Gross Domestic Product) is a measurement of a country's overall economic output which includes the value of all goods and services produced inside its boundaries.
Certain activities, however, such as the estimated value of homemaker output (unpaid household work), are often excluded from GDP calculations. This is due to the fact that GDP concentrates on market transactions and monetary values, but domestic work is not always immediately exchanged in markets.
Therefore the correct option is A.
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Consider a sequential game between a shopkeeper and a haggling customer. The party who moves first chooses either a high price ($50) or low price ($20) and the second mover either agrees to the price or walks away from the deal and neither party gets anything. Ignore costs and assume the customer values the item at $60. If the shopkeeper goes first and quotes a high price, what is the best response of the customer? a. Swear off shopping forever b. Accept the high price c. Walk away from the deal d. Yell at the store owner
Answer:
Accept the high price
Explanation:
Since the customer values the item at $60.
And the shopkeeper quoted a high price at $50.
The high price quoted by the shopkeeper is ($60 - $50) $10 less than the customer estimated value of the item.
He may decide to walk away from the deal but that's not the best option because the quoted price is not up to his estimated price.
So, the best to do at that point is to accept the high price of the item at $50
Final answer:
The best response for the customer when the shopkeeper sets a high price at $50 is to b. accept the high price, as the customer values the item at $60.
Explanation:
The customer valued the item at $60 and the shopkeeper quoted a high price at $50. The high price quoted by the shopkeeper is ($60 - $50) $10 less than the customer's estimated value of the item. In the described sequential game between a shopkeeper and a customer who is haggling, if the shopkeeper goes first and sets a high price at $50, the best response for the customer, who values the item at $60, would be to accept the high price.
This decision is based on the customer's valuation of the item being higher than the price set by the shopkeeper, thus yielding a positive utility for the customer. It is a simple take-it-or-leave-it offer, and since the customer values the item more than the price, the rational decision would be to take the offer.
Pear, Inc. generates a $100,000 net operating loss in the current year. Plum, Inc. generates $500,000 of taxable income. Compute the current year tax if Pear and Plum do/do not file a consolidated return.
Answer: $84,000 if consolidated; $105,000 if not consolidated.
Explanation: Reason: If consolidated, taxable income is $400,000: ($500,000 - $100,000) x 21% = $84,000. If not consolidated, Plum pays $500,000 x 21% = $105,000, and Pear will carryback or carryforward the loss if possible.
The following account balances were taken from the adjusted trial balance for Urgent Messenger Service, a delivery service firm, for the fiscal year ended November 30, 20Y1: Depreciation Expense $12,200 Fees Earned 990,000 Insurance Expense 5,750 Miscellaneous Expense 6,650 Rent Expense 80,000 Salaries Expense 502,400 Supplies Expense 7,150 Utilities Expense 40,000. Prepare an income statement.
The Urgent Messenger Service had a net income of $335,850 for the fiscal year ended November 30, 20Y1, after taking into account all expenses from their revenue of $990,000.
Explanation:To create an income statement, we need to list all revenues and expenses and calculate the net income. The fees earned are our revenue, and the various expenses are all deductibles from that revenue.
The revenue for Urgent Messenger Service for the year ending November 30, 20Y1 is $990,000 (Fees Earned).
The total expenses are the sum of Depreciation Expense ($12,200), Insurance Expense ($5,750), Miscellaneous Expense ($6,650), Rent Expense ($80,000), Salaries Expense ($502,400), Supplies Expense ($7,150) and Utilities Expense ($40,000). This totals to $654,150.
To find the net income, subtract the total expenses from the total revenue: $990,000 (revenue) - $654,150 (expenses) = $335,850. So, the net income for Urgent Messenger Service for this fiscal year was $335,850.
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Typical quality improvements include: a. All of the answers are correct b. product redesign c. alteration of organizational architecture to increase local responsiveness to customer needs d. purchase of robotic manufacturing systems e. electronic defect detection
Answer:
a. All of the answers are correct
Explanation:
Typical quality improvements include electronic defect detection which will bring about efficiency in the service delivery to the customers, alteration of organizational architecture to increase local responsiveness to customer needs, purchase of robotic manufacturing systems which will more efficiency to the work being done in the organization and product redesign to meet the needs of the customers
he constant dividend growth model: I. assumes that dividends increase at a constant rate forever. II. can be used to compute a stock price at any point of time. III. states that the market price of a stock is only affected by the amount of the dividend. IV. considers capital gains but ignores the dividend yield.
Answer:
The correct answer is letter "D": I and II only.
Explanation:
The Constant Dividend Growth model, also known as the Gordon Growth Model (named after Myron J. Gordon), is used to calculate the intrinsic value of a stock at any given point in time, based on the stock's expected future dividends. Investors and analysts use it frequently to compare the expected stock value to the real market price. Analysts interpret the difference between the two prices as proof that the stock could be below market value or overvalued.
The Constant Dividend Growth model assumes that the dividends grow at a constant rate for undetermined periods of time.
Which of the following is the most direct and professional revision of the second sentence? The new conference system would allow them to conduct a remote discussion of the budget with colleagues in Chicago. The new conference system would allow them to discuss the budget remotely with colleagues in Chicago. It would allow them to discuss the budget with the whole group.
The most direct and professional revision of the sentence is: "The new conference system would allow them to discuss the budget remotely with colleagues in Chicago." The revision is concise and specific.
Explanation:The most direct and professional revision of the second sentence would be: "The new conference system would allow them to discuss the budget remotely with colleagues in Chicago." This revision is more concise and precise, using the word "remotely" to indicate a remote discussion. The phrase "with colleagues in Chicago" provides specific information about who they would be discussing the budget with.
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Recently, our managers have suggested making a variety of changes. Which of the following changes should not be implemented if we want to achieve a high level of relational coordination?" Check all that apply.
A. Provide employees with training on the technical aspects of their jobs and in negotiating skills so they can win in conflict situations.
B. Redesign office floorplans to include more private offices so employees have quiet time for strategic thinking.
C. Give frontline supervisors narrower spans of control so they have time to coach and mentor their employees.
D. Write job descriptions so they outline very specific tasks and reward each employee based on how well they achieve their designated tasks.
Answer:
Options A, B & D
Explanation:
Relational coordination refers to integration of tasks and better synchronization of activities between employees.
The process relates to inter linking tasks and communication for better processing and efficient performance.
In the context of the given case,
Providing skills to employees so as they win in conflicting situations rather than resolving them would lead to lower level of relational coordination.
Similarly, by providing private offices would reduce the level of coordination between employees.
Assigning specific tasks and laying out job description again would lead to reduced coordination and integration of activities.
The changes that should not be implemented should be
When the employees are providing the training.When the floor plans of the office are redesigned.And when the job descriptions are written.Options A, B & D is considered.
What is relational coordination?It means the integration of tasks so that the synchronization of activities between employees could be done in a better way. In this, the tasks and the communications are inter-connected so that it provides efficient performance.
Therefore, we can conclude that Options A, B & D is considered.
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Goods and services are scarce because: a. they are produced using scarce resources. b. they are produced by firms that seek profits. c. firms keep production low in order to earn higher profits. d. the government wants to maintain its power over the economy. e. people are greedy.
Answer:
The correct answer is letter "A": they are produced using scarce resources.
Explanation:
Scarcity is the basic economic problem by which people have unlimited needs but rely on limited resources to fulfill them. Scarcity pushes individuals and organizations to allocate their resources efficiently to maximize their benefits. Trade-offs are the results of scarcity since people must give up on the satisfaction of part of some of their needs so others can be fulfilled.
Sunny Mountain Company will make 1920 snow blowers available when the unit price is $660. At a unit price of $820, they will market 5260 snow blowers. Find the equation relating the unit price of a snow blower to the quantity supplied if the relationship is known to be linear.
Answer:
P= $660 + $0.0479/sb *(Q-1920 sb )
Explanation:
since the relationship between unit price and quantity is linear the following equation applies
P = P₁ + (P₂-P₁)/(Q₂-Q₁)*(Q-Q₁)
where P is the price for any quantity Q , while 1 and 2 represent the reference points. Thus
at P₁ =$660 → Q₁= 1920 snow blowers
at P₂=$820→ Q₂= 5260 snow blowers
we get
P = $660 + ($820-$660 )/(5260 -1920 )*(Q-1920) = $660 + $0.0479/sb *(Q-1920 sb )
P= $660 + $0.0479/sb *(Q-1920 sb )
Note:
- We can verify from the original equation that for Q=Q₁
P = P₁ + (P₂-P₁)/(Q₂-Q₁)*(Q₁-Q₁) = P₁ + 0 = P₁
and for Q=Q₂
P = P₁ + (P₂-P₁)/(Q₂-Q₁)*(Q₂-Q₁) = P₁ + P₂ -P₁ = P₂
thus the equation is correct
Country X has currency C1 and Country Y has currency C2. The nominal exchange rate C2/C1 and GDP deflator P for Country X and P* for Country Y for various years is as follows: Year: 2010; nominal exchange rate: 0.58; P=1.88; P* =3.8. Year 2011; nominal exchange rate: 0.79; P=2.06; P*=3.88. Year: 2012; nominal exchange rate:0.95; P=2.16; P*=3.95. Year 2013; nominal exchange rate 1.13; P=2.22; P*=4.3. Assuming C1 is the domestic currency and the previous year is the base year, find the year in which the real exchange rate appreciation is greatest and calculate the percentage increase.
a)The Year=( )and percentage increase=?
b) Assuming C1 is the domestic currency, an increase in E will cause price of C2 in term of C1 to (?)
c) If the value of e decrease, given that E is increasing, then Country Y would be experiencing a (?) rate of inflation compared to Country X
d) if foreign goods are relatively less expensive compared to the domestic goods and assuming that the nominal exchange rate of the currencies is equity, then there is (?) in the real exchange rate.
The year with the greatest real exchange rate appreciation can be determined by calculating the real exchange rate for each year and identifying the year with the largest percentage increase from the previous year. An increase in E (nominal exchange rate) makes C2 more expensive in C1 terms. A decrease in e with an increase in E implies a higher inflation rate in Country Y.
Explanation:To find out when the real exchange rate appreciation is greatest between Country X and Country Y, we need to calculate the real exchange rate for each year and then find the percentage increase from the base year (previous year). The real exchange rate (R) can be calculated using the formula: R = (E x P) / P*, where E is the nominal exchange rate, P is the GDP deflator for Country X, and P* is the GDP deflator for Country Y. Comparing these would allow us to identify the year with the greatest real exchange rate appreciation.
For the other parts:
An increase in E, assuming C1 is the domestic currency, makes the foreign currency C2 more expensive in terms of C1.If the value of e (real exchange rate) decreases while E (nominal exchange rate) is increasing, this suggests that Country Y would be experiencing a higher rate of inflation compared to Country X.A decrease in the real exchange rate indicates that foreign goods are relatively less expensive compared to domestic goods, given that the nominal exchange rate is equitable.Learn more about Real Exchange Rate Appreciation here:https://brainly.com/question/15085637
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During a period, 40,200 units were completed and 3,200 units were in ending WIP Inventory. Ending WIP was 95% complete for direct materials and 50% complete for conversion costs. What are the equivalent units for direct materials?
Answer:
The equivalent units for direct materials are 43,240.
Explanation:
Given:
During a period, 40,200 units were completed and 3,200 units were in ending WIP Inventory. Ending WIP was 95% complete for direct materials.
Now, to find the equivalent units for direct materials.
Complete units = 40,200.
Ending WIP (work in progress) Inventory = 3,200.
As, ending WIP was 95% complete for direct materials.
Thus, ending WIP Inventory = 95% of 3,200.
= [tex]\frac{95}{100} \times 3,200[/tex]
[tex]=0.95\times 3,200[/tex]
[tex]=\$3,040.[/tex]
Now, to get the equivalent units for direct materials by adding complete units and ending WIP Inventory:
[tex]Complete\ units\ +\ ending\ WIP\ Inventory[/tex]
[tex]=40,200+3,040[/tex]
[tex]=43,240.[/tex]
Therefore, the equivalent units for direct materials are 43,240.
Final answer:
The equivalent units for direct materials are calculated by adding the fully completed units with the percentage completion of the ending WIP inventory. In this case, with 40,200 units completed and 3,200 units 95% complete for direct materials, the equivalent units for direct materials would be 43,240 units.
Explanation:
To calculate the equivalent units for direct materials, we need to take into account both the units that were completed during the period as well as the units that were in the ending Work-In-Process (WIP) Inventory. The completed units are already 100% complete, so all of those units count towards the equivalent units for direct materials. For the ending WIP inventory, since they are 95% complete for direct materials, we only count 95% of those units.
The formula to calculate the equivalent units for direct materials is as follows:
Equivalent Units for Direct Materials = (Units Completed) + (% Complete of direct materials for Ending WIP Inventory * Units in Ending WIP Inventory).
Using the numbers given:
Equivalent Units for Direct Materials = 40,200 + (0.95 * 3,200).
We then perform the calculation:
Equivalent Units for Direct Materials = 40,200 + 3,040 = 43,240 equivalent units for direct materials.
Bronze Company's sales forecast for April is 12,000 units, for May is 22,000 units, and for June is 25,000 units. Sales totaled 10,000 units in March. The finished goods inventory for March was 2,000 units. End-of-month finished goods inventory levels are planned to be equal to 15 percent of the next month's planned sales. The planned ending inventory of finished goods for May is:
A. 3,750 units.
B. 2,470 units.
C. 5,640 units.
D. 6,320 units.
Answer:
A. 3,750 units.
Explanation:
Since the inventory level is planned in such a way that the ending inventory of finished goods for a specific month is always equal to 15% of the units which will be sold during the next month, therefore, the ending inventory for month of May will be equal to the 15% of units which will be sold in the month of the June and shall be determined as follow:
May Ending inventory=0.15*units to be sold in June
=0.15*25,000
=3,750 units
So based on the above discussion and calculations, the answer is A. 3,750 units.
Panda Corporation owns 90% of Squirrel Inc.'s outstanding common stock. The carrying value of the investment in Sam is $180,000 and the fair value is $260,000. Panda sells half its Squirrel Inc. shares for $120,000. What is the carrying value of the remaining shares?
Answer:
The remaining shares should be carried at its fair value.
In this case then, the fair value of the remaining shares = $260,000*(1-0.5) = $130,000
Explanation:
According to IFRS 3(Revised), A certain group may decide to sell its controlling interest in a subsidiary but retain significant influence in the form of an associate, or retain only a financial asset. If it does so, the retained interest is remeasured to fair value, and any gain or loss compared to book value is recognised as part of the gain or loss on disposal of the subsidiary.
Final answer:
The carrying value of the remaining shares after Panda Corporation sells half of its Squirrel Inc. shares is $90,000, which is half of the original carrying value because the carrying value per share remains unchanged.
Explanation:
To determine the carrying value of the remaining shares after Panda Corporation sells half of its shares in Squirrel Inc., we need to calculate how the sale affects the original carrying value. The carrying value of the investment was $180,000 for 90% ownership. Since Panda Corporation is selling half of its stocks, it now owns 45% of Squirrel Inc. The sale does not change the carrying value per share; therefore, the total carrying value of the remaining shares is simply half of the original carrying value due to the sale of half the ownership. Hence, the carrying value of the remaining shares is $180,000 / 2 = $90,000.
Which would you rather have: a daily compounded rate of 0.045%, a weekly compounded rate of 0.305%, a monthly compounded rate of 1.55%, a quarterly compounded rater of 4.25%, a semiannually compounded rate of 8%, or an annually compounded rate of 18%?What is the effective annual (EAR) of a daily compounded rate of 0.050%?
_____(round to two decimal places)
Answer:
Calculations are listed below.
Explanation:
To compare each rate, we will calculate the real annual rate for each one.
Annual rate= [(1+i)^n] - 1
A) daily compounded rate of 0.045%
Annual rate= {(1.00045^365)-1}*100= 17.85%
B) A weekly compounded rate of 0.305%
Annual rate= {[(1.0035^52)-1]}*100= 19.92%
C) A monthly compounded rate of 1.55%.
Annual rate= [(1.0155^12)-1]*100= 20.27%
D) A quarterly compounded rater of 4.25%
Annual rate= [(1.0425^4)-1]*100= 18.11%
E) A semiannually compounded rate of 8%
Annual rate= [(1.08^2)-1]*100= 16.64%
F) An annually compounded rate of 18%.
The best rate for investment is a monthly compounded rate of 1.55%.
G) What is the effective annual (EAR) of a daily compounded rate of 0.050%?
Annual rate= [(1.00050^365)-1]*100= 20%
Allure Company manufactures and distributes two products, M and XY. Overhead costs are currently allocated using the number of units produced as the allocation base. The controller has recommended changing to an activity-based costing (ABC) system. She has collected the following information:
Activity Cost Driver Amount M XY
Production setups Number of setups $72,000 12 28
Material handling Number of parts 50,000 54 36
Packaging costs Number of units 355,000 108,000 72,000
$477,000
What is the total overhead allocated to Product XY using the current system?
a. $212,400.
b. $190,800.
c. $264,600.
d. $286,200.
Answer:
Option (b) is correct.
Explanation:
Given that,
Total Overhead Cost = $477,000
Number of Units of Product XY = 72,000
Number of Units of Product M = 108,000
Total overhead allocated to Product XY using the current system:
= (Total Overhead Cost ÷ Number of units produced in total) × Number of Units of Product XY
= ($477,000 ÷ 180,000) × 72,000
= $2.65 × 72,000
= $190,800
Wolk Corporation is a highly automated manufacturing firm. The vice president of finance has decided that traditional standards are inappropriate for performance measures in an automated environment. Labor for this company is insignificant in terms of the total cost of production and tends to be fixed, material quality is considered more important than minimizing material cost, and customer satisfaction is the number one priority. As a result, delivery performance measures have been chosen to evaluate performance. The following information is considered typical of the time involved to complete customer orders. From time order is placed to time order received by manufacturing 10.0 days From time order is received by manufacturing to time production begins 5.0 days Inspection time 1.5 days Process (manufacturing) time 3.0 days Move time 2.5 days What is the processing cycle efficiency (PCE) for this order (rounded to one decimal point, e.g., 34.721%
Answer:
15.8%
Explanation:
Process Cycle Efficiency= Value Added time/ Lead time
Value-added time is the time spent process and activities on improving or adding usefulness to a product.
Lead time is the time between the order received and order supplied to the customer
Here,
PCE= (3)/(2.5+5+10+1.5) ×100
PCE=15.8%
The processing cycle efficiency for the order mentioned in the context is 15.8%.
The "Value Added Ratio," also known as Process Cycle Efficiency, is a metric that indicates how much time was spent adding value to a process.
The time spent on processes and activities aimed at improving or increasing the usefulness of a product is referred to as value-added time.
The lead time is referred to as the time between receiving an order and delivering it to the customer.
The given information in the context is:
Value Added time = 3
Lead time is calculated by adding all the times from the process of receiving the order to the time of completing the orders.
Computation of Process Cycle Efficiency:
[tex]\begin{aligned}\text{Process Cycle Efficiency}&= \frac{\text{Value Added time}}{\text{Lead time}}\\\text{Process Cycle Efficiency}&= \frac{3}{2.5+5+10+1.5}\times 100\\\text{Process Cycle Efficiency}&= 15.8\%\end{aligned}[/tex]
Therefore, the Process Cycle Efficiency is 15.8%.
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The main difference between companies following a broad low-cost strategy and those following a focus low-cost strategy is in the: a. industry life-cycle stage. b. age of the market. c. standardized market price. d. degree of market segmentation. e. market trajectory.
Answer:
The correct answer is letter "D": degree of market segmentation.
Explanation:
Low-cost strategies consist of manufacturing products at the lowest cost and offering them to relatively lower prices than competitors attracting consumers' attention massively. A broad low-cost strategy implies reducing costs and increasing the market segmentation so more products are sold. A focus low-cost strategy refers to conducting a market segmentation but focusing on selling a lower-cost product specialized for one or a few sectors of the market.
Thus, the difference between the broad and focus low-cost strategy relies on their market segmentation.
The primary difference between broad low-cost and focus low-cost strategies in business is the degree of market segmentation targeted. Broad strategies aim for cost leadership across a wide market, while focus strategies concentrate on specific segments to serve them more efficiently.
Explanation:The main difference between companies following a broad low-cost strategy and those following a focus low-cost strategy lies in the degree of market segmentation they target. A broad low-cost strategy aims at achieving cost leadership across an entire market or industry, benefiting from economies of scale and attracting price-sensitive customers. In contrast, a focus low-cost strategy zeroes in on a specific market segment or niche, tailoring its operations to serve this segment at a lower cost or with unique product variations valued by the target audience. Such companies utilize market segmentation to maintain a competitive edge, understanding that each segment of buyers has different needs and price sensitivities.
While a broad strategy seeks to dominate the general market by minimizing costs, a focused approach sacrifices broad market participation for concentrated efforts on particular customer segments. This strategic choice often depends on a firm's assessment of the market, its resources, and its capability to serve segmented needs more efficiently than competitors. Moreover, it reflects an understanding that attempting to combine both low-cost leadership and product differentiation can leave a firm "stuck in the middle", unable to fully satisfy either the cost or differentiation segment adequately.
Metlock, Inc. had net sales in 2020 of $1,430,300. At December 31, 2020, before adjusting entries, the balances in selected accounts were Accounts Receivable $239,200 debit, and Allowance for Doubtful Accounts $3,780 credit. Assume Metlock prepares an aging schedule that estimates total uncollectible accounts at $27,500. Prepare the entry to record bad debt expense
Answer:
The journal entry are as follows:
Bad debt expense A/c Dr. $23,720
To Allowance for doubtful accounts $23,720
(To record the bad debt expense)
Workings:
Bad debt expense:
= Total uncollectible accounts - Allowance for Doubtful Accounts (Credit balance)
= $27,500 - $3,780
= $23,720
foreign project in Hungary and another in Japan had the same perceived value from the U.S. parent's perspective. Then, the exchange rate expectations were revised, downward for the value of the Hungarian forint and upward for the Japanese yen. The break-even salvage value for the project in Japan would now be ____ from the parent's perspective.
Answer:
The correct answer is higher than that for the Hungarian project.
Explanation:
The break-even point is defined as that point or level of sales in which the total income is equal to the total costs and, therefore, no accounting profit or loss is generated in the operation. It is a mechanism for determining the point at which sales will exactly cover total costs. The breakeven point is also known as the Cost-Volume-Profit ratio, and emphasizes the different factors that affect profit. The break-even point allows determining the minimum number of units that must be sold or the minimum value of sales to operate without losses. The analysis of the break-even point answers the question related to the decisions that must be made about the planning of the profits of a company or an investment project. In this regard, it is convenient to say that the study of any investment project must include the calculation of the sales levels (either in units or in pesos) that are required for reach operational balance.
"You can afford car payments of $265 a month for three years. The interest rate is 7.5 percent, compounded monthly. How much can you afford to borrow to buy a car
Given Information:
Monthly payment = $265
Interest rate = 7.5 %
time period = 3 years
Required Information:
Annual Present Value = ?
Answer:
Annual Present Value = $8,519
Explanation:
Monthly interest rate = 7.5/12 = 0.625 %
n = 12*3 = 36
Annual Present Value = $265 (1 - [1/(1+0.00625)³⁶]/0.00625)
Annual Present Value = $265 (32.147)
Annual Present Value = $8518.95 ≅ $8519
Therefore, you can afford to borrow $8,519 to buy a car.
Answer:
$8519.19
Explanation:
They used the future value discount formula of annuity
A=P(1-(1/1+r/n)^nt)/
( r/n )
Where
A=Final amount
P=initial amount
r=interest rate
n=number of times the interest will be paid
t=number of times the annuity will last
A =265(1-(1/1 + r/n)^12*3
Divide by
(0.075/12)
Equals
A=265*32.1479
A=$8519.19
Myriam is analyzing the gender roles of men and women in management in the United States and comparing them to the gender roles in management in Japan. She is surveying fifty male and fifty female managers in each country to compare their daily behavior. Myriam's study exemplifies
Options:
A) anthropology B) psychology C) archaeology D) political science E) corporate strategy Answer
Answer:A) Anthropology
Explanation: Anthropology is stern used to describe the study of humans,the human Behavior and the how humans Interaction as it relates to Premtive times, the present times and the in the future.
Anthropology can be classified into four known as
Biological anthropology(a class or type of anthropology which deals with the systematic study of humans based biologically), cultural anthropology(is a type of anthropology which deals with the study of the cultural aspects of difference among humans)
linguistic anthropology(is a type of anthropology which studies the impact and influence of language in the lives of humans)
Archaeology(is a type of anthropology which deals with the study of human activities through the analysis of material cultures)
MYRIAM'S STUDY EXEMPLIFIES ANTHROPOLOGY.
Myriam's research, which analyzes gender roles in management across the United States and Japan, demonstrates a social studies approach to understanding occupational sorting, gender stratification, and cultural influences on leadership behavior.
Explanation:Myriam's study is a clear example of cross-cultural analysis in the field of social studies, particularly focusing on gender roles in management positions within two different cultures, the United States and Japan. By surveying male and female managers in each country, Myriam is aiming to understand how cultural norms affect the behavior and potentially the leadership styles of managers in their respective countries. This kind of study dives into concepts such as occupational sorting, gender stratification, and the glass ceiling phenomenon which are pertinent to the understanding of gender roles in professional settings.
Research has shown that there are inherent differences in the way men and women may perform in management roles. Women, for example, have been found more likely to practice an interpersonal style of leadership, focusing on the morale and welfare of employees, whereas men may be more task-oriented. However, these differences are often less pronounced within the organizational studies than they are in laboratory or survey research, suggesting that cultural expectations and organizational culture both play a significant role in shaping managerial behavior.
Cultural anthropologists and other social scientists study how people interact with the gender norms and practices within their societies. This involves exploring how gender identities are shaped within various realms like politics, law, and medicine, and how individuals might confirm to or transform the gendered expectations prevalent in their cultures. Myriam's study draws on these concepts, aiming to offer insights into how gender roles are enacted and potentially vary between different cultural contexts.
Your consulting firm has been hired by Eco Brothers Inc. to help them estimate the cost of common equity. The yield on the firm's bonds is 8.75%, and your firm's economists believe that the cost of common can be estimated using a risk premium of 3.85% over a firm's own cost of debt. What is an estimate of the firm's cost of common from reinvested earnings?
a. 12.60%
b. 13.10%
c. 13.63%
d. 14.17%
e. 14.74%
Answer:
a. 12.60%
Explanation:
The Eco Brothers Inc. cost of common can be determined through the following mentioned formula:
cost of common=Cost of debt+risk premium over cost of debt
In the given question
Cost of debt=8.75%
Risk premium over cost of debt=3.85%
Cost of common=8.75%+3.85%
=12.6%
So based on the above calculations, the answer is a. 12.60%
In the long run, nominal wages are:Group of answer choicessticky downward but flexible in an upward direction.sticky upward but flexible in a downward direction.sticky in both an upward and downward direction.flexible because contracts and informal agreements are renegotiated in the long run.flexible because the government adjusts disequilibrium in labor markets in th
Answer:
sticky in both an upward and downward direction
Explanation:
nominal wages are wages been earned per hour or as agreed between the worker and the employer. it is seen as means of compensating the worker. it is called nominal wage because the effects of deflation ( downward direction of prices in the market ) and inflation ( upward direction of prices in the market) does not affect the Nominal wages of an employee hence it is sticky in both an upward and downward direction of price movement in the market.
unlike the real wages where the factors of inflation and deflation has an effect on it by either decreasing or increasing the purchasing power of the real wage.
Thatcher Corporation’s bonds will mature in 10 years. The bonds have a face value of $1,000 and an 8% coupon rate, paid semiannually. The price of the bonds is $1,100. The bonds are callable in 5 years at a call price of $1,050. What is their yield to maturity? What is their yield to call?
To calculate the yield to maturity and yield to call of Thatcher Corporation's bonds, we need to use the present value formula. YTM refers to the rate of return an investor will earn if they hold the bond until it matures, while YTC calculates the rate of return if the bond is called by the issuer.
To calculate the yield to maturity (YTM) and yield to call (YTC) of Thatcher Corporation's bonds, we need to use the present value formula. YTM refers to the rate of return an investor will earn if they hold the bond until it matures and receive all the coupon payments as well as the face value of the bond. YTC, on the other hand, calculates the rate of return if the bond is called by the issuer.
The formula to calculate the present value of the bond is:
PV = (C/r) * (1 - (1+r)^(-n)) + (F/(1+r)^n)
Where:
PV = Present value of the bondC = Coupon paymentr = Yield to maturity or yield to calln = Number of periods (in this case, number of semiannual periods)F = Face value of the bondBy plugging in the given values, we can solve for YTM and YTC.
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The YTM is approximately 6.68% annually, and the YTC is approximately 5.78% annually.
Thatcher Corporation's bonds will mature in 10 years, have a face value of $1,000, an 8% coupon rate paid semiannually, and a current price of $1,100. The bonds are callable in 5 years at a call price of $1,050.
Calculating Yield to Maturity (YTM)
The formula for yield to maturity involves solving for the interest rate that equates the present value of all future cash flows from the bond (coupon payments and face value) to the current price of the bond.
The semiannual coupon payment is $40 ($1,000 × 8% / 2). Let's denote the number of periods (N) as 20 (10 years × 2) and the current bond price as $1,100. The yield to maturity must be calculated iteratively or using a financial calculator:
YTM ≈ 3.34% per semiannual period, which translates into a YTM of approximately 6.68% annually.Calculating Yield to Call (YTC)
For the yield to call, we must find the rate that matches the present value of the bond being called in 5 years:
Semiannual coupon payment: $40Number of periods till call: 10 (5 years × 2)Call price: $1,050Current bond price: $1,100YTC ≈ 2.89% per semiannual period, meaning the YTC is approximately 5.78% annually.