Solution:
↑P_penguin patties 5 %
↓Q_flopsicles 4%
↑Q_kipples 5%
[tex]\frac{Change Quantity}{Change Price}[/tex] = Cross price elasticity
-0.04/0.05 = -0.8 penguin patties to flopsicle
A drop in demand for the second commodity shall be responded by a smaller amount.
This means that when penguin patties reduce prices, people make decisions to purchase them when they are flopsicle.
0.05/0.05 = 1
The price reduction produces more kipple length.
This is an additional link even though consumers buy kipples with the difference or use part of the saving for the purchase of kipples because while the price decline.
Final answer:
The cross-price elasticity of demand for penguin patties and flopsicles is -0.8, indicating they are complements, while penguin patties and kipples have a cross-price elasticity of 1.0, indicating they are substitutes. Run-of-the-Mills should market flopsicles and penguin patties together as they are complementary products.
Explanation:
To compute the cross-price elasticity of demand, we look at the percentage change in the quantity demanded of one product in response to a percentage change in the price of another product. When considering Run-of-the-Mills' products, we find that with a 5% increase in the price of penguin patties, the quantity of flopsicles sold decreases by 4%. This gives us a cross-price elasticity of demand formula (% change in quantity demanded of Product B)/(% change in price of Product A), which in this case is (-4%)/(5%) or -0.8 for flopsicles.
Similarly, a 5% price increase in penguin patties results in a 5% increase in the quantity of kipples sold, resulting in a cross-price elasticity of demand of (5%)/(5%) or 1.0 for kipples.
Since the cross-price elasticity of demand for penguin patties and flopsicles is negative, they are complements in consumption. For penguin patties and kipples, the positive cross-price elasticity indicates that they are substitutes. Based on this analysis, Run-of-the-Mills should market flopsicles and penguin patties together to capitalize on the complementary relationship, as consumers are likely to purchase them together.
Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below. Current liabilities $ 188 Income before interest and taxes $ 117 10% Bonds, long-term 370 Interest expense 37 Total liabilities 558 Income before tax 80 Shareholders' equity Income tax 28 Common stock 204 Net income $ 52 Retained earnings 294 Total shareholders' equity 498 Total liabilities and equity $ 1,056 HHF's debt to equity ratio is (Round your answer to 2 decimal places.): Multiple Choice 1.89. 1.12. 0.74. 0.55.
Answer:
0.74
Explanation:
The debt to equity ratio is a financial measure that shows how much of the company's activities is funded by long term debt or non current liabilities compared to the owner's equity.
A company with an element of long term debt financing is said to be geared. The higher the long term debt to equity ratio, the more geared the company is.
Debt to equity ratio is the ratio of debt to equity
= 370/498
= 0.74
Economic growth and public policy Suppose Vaabo, a Finnish-owned auto manufacturer, builds a production facility in Kentucky. This is an example of foreign _______ investment in the United States.
Answer:
The correct word for the blank space is: direct.
Explanation:
Foreign Direct Investment is a type of cross-border investment to create a lasting interest that a resident company based in one country could have in a company operating in another. Lasting interest implies a substantial degree of interest in the company's management as well as establishing a long-term relationship between the direct investor and the direct investment business.
Rowdy's Restaurants cash flow ($ in millions)
Cash received from:
Customers $3,900
Interest on investments 340
Sale of land 240
Sale of Rowdy's common stock 880
Issuance of debt securities 3,400
Cash paid for:
Interest on debt $440
Income tax 220
Debt principal reduction 2,900
Purchase of equipment 6,800
Purchase of inventory 2,400
Dividends on common stock 620
Operating expenses 780
Rowdy's would report net cash inflows (outflows) from investing activities in the amount of:______
Answer: Cash inflow from investing Activities = 233 200000
Explanation:
Cash Flows from Investing Activities ($ in millions)
Sale of Land = 240 000 000
Purchase of Equipment = - 6,800 000
Cash inflow from investing Activities = 240 000 000 - 6 800 000
Cash inflow from investing Activities = 233 200000
Data concerning Bedwell Enterprises Corporation's single product appear below: Selling price per unit $ 190.00 Variable expenses per unit $ 94.50 Fixed expense per month $ 438,790 The unit sales to attain the company's monthly target profit of $25,000 is closest to: (Do not round intermediate calculations.)
Answer:
Target sales unit = 4,856 units
Explanation:
We know,
Target sales unit = (Fixed expense + Target profit) ÷ (Sales price per unit - Variable expense per unit)
Given,
Fixed expense = $438,790
Sales price per unit = $190.00
Target profit = $25,000
Variable expense per unit = $94.50
Putting the values into the above formula,
Target sales unit = ($438,790 + $25,000) ÷ ($190.00 - 94.50)
or, Target sales unit = $463,790 ÷ $95.50
Therefore, Target sales unit = 4,856 units
Steamroller Company sells two products—J and B. Steamroller predicts that it will sell 7400 units of J and 6500 units of B in the next period. The unit contribution margins are $2.90 and $6.30 for products J and B, respectively. What is the weighted-average unit contribution margin?
Answer:
The weighted-average unit contribution margin is $4.50 per unit.
Explanation:
Weighted Average contribution margin is the average contribution margin of all products company sells.
Sale
Product J = 7,400
Product B = 6,500
Unit contribution margin
Product J = $2.9
Product B = $6.3
Contribution of Product J = 7,400 x $2.9 = $21,460
Contribution of Product B = 6,500 x $6.3 = $40,950
Total Contribution = $21,460 + 40,950 = $62,410
Total Sales Unit = 7,400 + 6,500 = 13,900 units
Weighted average contribution margin = Total Contribution / Total sales unit
Weighted average contribution margin = $62,410 / 13,900 units
Weighted average contribution margin = $4.49 per unit
Weighted average contribution margin = $4.5 per unit
A business school would like to know that whether the average number of years of work experience of MBA applicants is less than 3 years. Based on last year's applicants, it was found that among a sample of 47, the average number of years of work experience is 2.57 with a standard deviation of 3.67. Apply t-test to analyze the sample and draw a conclusion about the years of work experience of MBA applicants.g
Answer:
The test statistic t of the sample is -0.804.
There is sufficient evidence to ascertain that the average number of years of work experience of MBA applicants is less than 3 years.
Explanation:
Null hypothesis: The average number of years of work experience of MBA applicants is 3 years.
Alternate hypothesis: The average number of yet of work experience of MBA applicants is less than 3 years.
Test statistic (t) = (sample mean - population mean) ÷ sd/√n
sample mean = 2.57
population mean = 3
sd = 3.67
n = 47
t = (2.57 - 3) ÷ 3.67/√47 = -0.43 ÷ 0.535 = -0.804
Assuming a 5% significance level
degree of freedom = n - 1 = 47 - 1 = 46
The critical value corresponding to 46 degrees of freedom and 5% significance level is 2.013.
Conclusion:
Reject the null hypothesis because the test statistic -0.804 is less than the critical value 2.013.
The years of work experience of MBA applicants is less than 3.
Leslie McCormack is in the spring quarter of her freshman year of college. She and her friends already are planning a trip to Europe after graduation in a little over three years. Leslie would like to contribute to a savings account over the next three years in order to accumulate enough money to take the trip. Assume an interest rate of 6%, compounded quarterly. (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.)
How much will she accumulate in three years by depositing $400 at the end of each of the next 12 quarters, beginning three months from now?
Answer:check attached document
Explanation:
please find the attached for an answer
The fraud examiner is concerned that individuals in the purchasing department are initiating purchases on their own to companies in which they have a vested interest. the document the examiner would be most interested in reviewing under these circumstances would be the:________
a. purchase order
b. receiving report
c. voucher
d. purchase requisition
e. bill of lading
Answer:
The correct answer is A) Purchase Order.
Explanation:
Fraud examination refers to the skills necessary to resolve allegations of fraud from inception to disposition; to obtain evidence, take statements and write reports; to testify to findings; and to assist in the detection and prevention of fraud.
A purchase order is a commercial document and first official offer issued by a buyer to a seller indicating types, quantities, and agreed prices for products or services. It is used to control the purchasing of products and services from external suppliers.
Purchase orders can be an essential part of enterprise resource planning system orders.
The purpose of purchase orders is to procure materials for direct consumption or for stock, procure services, cover customer requirements using external resources, or procure a material that is needed in plants from an internal source (Long distance intra-plant stock transfers).
The purchase order would normally contain information which would allow the fraud examiner conduct investigation tying the individuals to the companies they have vested interest in. Some of those information include:
1. Vendors Name
2. Vendors Phone Number
3. Vendors Address
etc
Please see a sample of a purchase order form.
Cheers!
Wildhorse Co. showed the following balances at the end of its first year: Cash Prepaid insurance Accounts receivable Accounts payable Notes payable Common stock 15120 760 3780 3020 4540 5830 760 31320 18900 Revenues What amount did Wildhorse Co. show as total credits?
a. $44710O
b. $45470
c. $43960
d $46220
Answer:
The correct answer is option (B).
Explanation:
According to the scenario, the total credits can be calculate by using following formula:
Total Credits = Accounts payable + Notes payable + Common stock + Dividends + Revenue
Where,
Accounts payable = $3,020
Notes payable = $4,540
Common Stock = $5,830
Dividends = $760
Revenue = $31,320
By putting these value in the formula we get,
Total Credits = $3,020 + $4,540 + $5,830 + $760 + $31,320
= $45,470
Consider an apple orchard owner deciding how to incentivize his fruit pickers. He pays per pound harvested but adjusts the compensation rate higher during poor harvest seasons. As a consequence
a. The picker's effort would not depend on the compensation rate
b. The pickers would claim poor harvests in order to be paid higher piece rates even during bountiful harvest seasons
c. The pickers would claim good harvests in order to be paid higher piece rates even during poor harvest seasons
d. None of the above
As a consequence none of the above is applicable.
Option: D
Explanation:
Answer: The correct answer is B.
Explanation: The higher price per pound would incentives the pickers to try to game the system.
Also, D. None of the above was incorrect on the test I took
Average fixed costs a. are defined as the change in total costs divided by the change in output. b. will always increase as output increases. c. will always decrease as output expands. d. will remain unchanged as output expands.
Answer:
Option (c) is correct.
Explanation:
Average fixed costs is determined by dividing the total fixed costs by the amount of output produced.
For example:
Total fixed cost = $5,000
Number of units initially produced = 100 units
Therefore, the average fixed cost at 100 units is calculated as follows:
[tex]\frac{Total\ fixed\ cost}{Ot\ produced}[/tex]
[tex]=\frac{5,000}{100}[/tex]
= $50 per unit
Now, suppose the number of units produced increases from 100 units to 200 units. Then, the average fixed cost is calculated as follows:[tex]=\frac{Total\ fixed\ cost}{Ot\ produced}[/tex]
[tex]=\frac{5,000}{200}[/tex]
= $25 per unit
Therefore, we can conclude that as the output of a particular firm increases, as a result the average fixed cost decreases.
Average fixed costs will remain unchanged as output expands.
Explanation:Average fixed cost is the total fixed cost per unit of output. Average variable cost is the total variable cost per unit of output. Average total cost is the sum of all costs per unit of output.
The average fixed cost must always decline with output because a fixed cost is being spread over more units of output. Hence, when the average total cost curve eventually increases, it is because the increasing variable cost component eventually dominates the declining average fixed cost component.
Therefore, the correct answer is d. will remain unchanged as output expands.
In a random sample of 651 computer scientists who subscribed to a web-based daily news update, it was found that the average salary was $46,816 with a population standard deviation of $12,557. Calculate a 91 percent confidence interval for the mean salary of computer scientists.
Answer:
[tex]46816-1.70\frac{12557}{\sqrt{651}}=45979.35[/tex]
[tex]46816+1.70\frac{12557}{\sqrt{651}}=47652.65[/tex]
So on this case the 91% confidence interval would be given by (45979.35;47652.65)
Explanation:
Previous concepts
A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".
The margin of error is the range of values below and above the sample statistic in a confidence interval.
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
[tex]\bar X=46816[/tex] represent the sample mean for the sample
[tex]\mu[/tex] population mean (variable of interest)
[tex]\sigma=12557[/tex] represent the population standard deviation
n=651 represent the sample size
Solution to the problem
The confidence interval for the mean is given by the following formula:
[tex]\bar X \pm z_{\alpha/2}\frac{\sigma}{\sqrt{n}}[/tex] (1)
Since the Confidence is 0.91 or 91%, the value of [tex]\alpha=0.09[/tex] and [tex]\alpha/2 =0.045[/tex], and we can use excel, a calculator or a table to find the critical value. The excel command would be: "=-NORM.INV(0.045,0,1)".And we see that [tex]z_{\alpha/2}=1.70[/tex]
Now we have everything in order to replace into formula (1):
[tex]46816-1.70\frac{12557}{\sqrt{651}}=45979.35[/tex]
[tex]46816+1.70\frac{12557}{\sqrt{651}}=47652.65[/tex]
So on this case the 91% confidence interval would be given by (45979.35;47652.65)
What factors are important for the MIG owners to consider before making a decision on whether or not they should sell the restaurant to AECB? Why are these factors important?
There are varying basic criterias to evaluate when selling a company that an individual began from the scratch.
The number one criteria is mainly the monetary side of selling. Did the individual make high profit to be appreciated for all the individual time and effort.
Another basic criteria is how an individual is going to feel after selling to another person his/her hard thought and drafted organization, (business). When an individual establish something from the start up it gradually turns into a part of the individual in some aspect, how the individual identify himself/herself.
These criterias are necessary due to the fact that it is a long lasting decision that will influence not only the individual but the entirety of the staff and the individual family members that are yet to work at the restaurant even for a time in their life.
Kathy works full time during the day as an economist and faces an 80 percent marginal tax rate. If Kathy were to get an offer to work a second job in the evenings doing consulting work for a local business for $10,000 per year, how much of this additional income would she be able to keep as net pay after taxes? a. $10,000 b. $6,000 c. $2,000 d. $4,000
Final answer:
Kathy, with an 80 percent marginal tax rate on a second job offering $10,000 per year, would be able to keep $2,000 after taxes.
Explanation:
Kathy is considering taking a second job which offers $10,000 per year. Given her 80 percent marginal tax rate, we need to determine how much of this additional income she would be able to keep after taxes. The calculation is straight forward:
Amount offered for the second job: $10,000.Marginal tax rate: 80%.Amount taxed: $10,000 * 80% = $8,000.Net pay after taxes: $10,000 - $8,000 = $2,000.Therefore, Kathy would be able to keep $2,000 of the additional income as net pay after taxes. Option C is correct .
In service learning, you __________. Group of answer choices go through short-term, on-the-job training for pay or academic credit perform service work without pay compete against other students as part of a team complete a paid work assignment in a workplace
Answer:
The correct answer is letter "B": perform service work without pay.
Explanation:
Service-learning has similar features to volunteer programs, community programs or internships with the difference that service-learning only focuses on learning and the service objectives. It attempts to provide meaningful service through course content where the students must use their critical reflection to complete the tasks assigned. Anybody can be part of service-learning programs considered there is no economic compensation for it.
Technician A says a defective thermostat will cause the engine to operate at too cold of a temperature. Technician B says that there are various reasons for an engine to operate at too cold of a temperature. Who is correct?
A. Neither Technician A nor B
B. Both Technicians A and B
C. Technician A
D. Technician B
Answer:B
Explanation:
Both technician A and B are correct
Current news and politics is full of concern about the environment, particularly as it is related to oil use and the auto industry. There are a number of ethical considerations that arise out of these issues. Please be sure to answer ALL of the following questions: Some propose that these concerns could be alleviated if our use of cars was limited by increased gasoline taxes--if gas is more expensive, we will use less of it and, as a beneficial by-product, improve the environment. What do you think of this proposal and what theory would support your position? Are there injustices built into such measures?
Answer:
It is true that raising gasoline prices (either by producing less of it, or by adding taxes) would reduce gasoline use. The concept of price elasticity of demand can helps us explain why.
Explanation:
A good can be either elastic or inelastic depending on its price elasticity of demand. A price elasticity of demand of less than 1 is considered inelastic, while a price elasticity of demand higher than 1 is considered elastic.
Elastic goods are those whose quantity demanded falls or rises more than the price. Inelastic goods are those whose quantity demanded falls or rises less than the price.
Gasoline is a inelastic good in the short-term because even with a price hike, most people will still buy gasoline because they need to move around. However, in the long-term, gasoline becomes more elastic because people replace their buy electric cars, or cars that use less fuel, etc.
What this tells us is that raising gasoline prices can reduce gasoline use in the long-term.
A built-in injustice in this measure is that it affects the poor disproportionally. Poor people also need cars to get around, and a rise in the gasoline price means that they have less money for other basic needs.
The 4.5 percent bond of JL Motors has a face value of $1,000, a maturity of 7 years, semiannual interest payments, and a yield to maturity of 6.23 percent. What is the current market price of the bond
Answer:
The current market price for the bond is $903.05
Explanation:
Steps taken to arrive at the current market price of the bond
Recall PV=present value
face value=$1000
percent bond=4.5,
A semiannual interest payments of 7 years, yielding a maturity rate of=6.23%
PV = [(.045 × $1,000)/ 2] ×{(1 - {1 / [1 + (.0623/ 2)]14}) / (.0623 / 2)} + $1,000 / [1 + .0623 / 2)]14
PV = $903.05
The current market price of the bond is $903.05.
Given Information
FV = $1000
PMT = $22.5 (4.5%/2 * 1000)
N= 14 YEARS
I/Y = 6.23/2 % =3.115%
Market price = PV(FV, PMT, N, I/Y)
Market price = $903.05
In conclusion, the current market price of the bond is $903.05.
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AC variant of the gene ACTN3 which inhibits fast-twitch muscles and seems to be less prevalent in sprinters has been studied. A separate study1 indicated ethnic differences: Approximately 20% of a sample of Caucasians, approximately 25% of a sample of Asians, and approximately 1% of a sample of Africans had the gene variant. One variable is whether or not the gene variant is present and the other is which of the three ethnic groups the individual belongs to.
Answer:
Category variable: Caucasians, Asians, Africans
Quantitative variable: 20%, 25%, 1%.
Explanation: The are two variables in these study. They are categorical variable and quantitative variable.
Categorical variables are variable that helps classify a given population eg race, hair colour, skin colour. Most of the time are not numerical, so we can't multiply, add or subtract them. As given in this assignment the Caucasians, Asians and Africans are category variables.
Quantitative variables are those that numerical and they reflect count, percentages(20%, 25%, 1%) and can be added, subtracted, or multiplied. The percentage of the ethnic group is an example of quantitative variable.
The ACTN3 gene contributes to muscle variation and is associated with fast-twitch muscle fibers which benefit power athletes like sprinters. Its prevalence varies across different ethnic groups, but genetic factors alone, including ACTN3, predict only a small percentage of muscle variation, emphasizing the role of both genes and environment in athletic performance.
Explanation:Understanding the Role of ACTN3 in Athletic PerformanceThe ACTN3 gene is associated with the production of a protein that is pivotal for fast-twitch muscle fibers, which are crucial in short-duration, high-intensity activities such as sprinting. While there is a clear indication that certain alleles of the ACTN3 gene are more prevalent among elite power athletes, such as sprinters and power-lifters, this gene variant is not the sole determinant of athletic ability. The prevalence of the AC variant, which inhibits fast-twitch muscles, varies among different ethnic groups, suggesting a genetic element to athletic prowess. However, research indicates that the prediction of muscle variation based on the ACTN3 gene is only about 2-3 percent in the general population.
Environmental factors, such as diet and training, play a significant role in developing athletic abilities alongside genetics. The influence of other genes related to athleticism, although not thoroughly understood, also contributes to the complexity of predicting athletic success. Additionally, the proportion of slow-twitch to fast-twitch muscle fibers varies among individuals, affecting their potential for endurance or power-based sports.
Anecdotal evidence, such as the reference to Usain Bolt likely possessing at least one fast-twitch allele, suggests how genetic potential can translate to real-world performance when combined with appropriate environmental factors, such as training and lifestyle. This highlights the multifactorial nature of traits like athletic performance, where both genetic makeup and environmental influences determine the outcome.
The Trailer division of Baxter Bicycles makes bike trailers that attach to bicycles and can carry children or cargo. The trailers have a retail price of $102 each. Each trailer incurs $44 of variable manufacturing costs. The Trailer division has capacity for 26,000 trailers per year and incurs fixed costs of $570,000 per year.
Answer:
The question is centred on transfer price at which the trailer division sells trailers to the bicycle division as contained in the attached
The transfer price is $102,when there is opportunity to sell externally without surplus capacity
However, in the second instance, transfer price would be between $44 and $102
Explanation:
The first question on transfer price requires a transfer that the trailer division should sell to the bicycle division provided all of the its output could be sold externally,that shows the reasonable price in that instance is the variable of the trailer's division plus the contribution lost per unit from not being able to sell to external parties
This is calculated as:
Variable cost $44
lost contribution($102-$44) $58
Transfer price $102
In the second instance the transfer price would be between the lowest possible transfer price and $102 computed above.
From,the question, there is extra capacity that can be used to fulfill the order of the bicycle, the lowest possible transfer price is variable cost to the trailer division
Assume that Global Cleaning Service performed cleaning services for a department store on account for $180. How would this transaction affect Global Cleaning Service's accounting equation? A. Increase both assets and liabilities by $180 B. Decrease liabilities by $180, and increase equity by $180 C. Increase both liabilities and equity by $180 D. Increase both assets and equity by $180
Answer:
D. Increase both assets and equity by $180
Explanation:
When a service is done on account, revenue will be recognized but the corresponding assets is accounts receivables and not cash. Hence the transaction will increase the company's revenue and assets balances . Revenue is turned into equity through retained earnings.
The accounting equation is
assets = liabilities + equity
This transaction will increase assets and equity be $180 each.
Providing a service on account, as Global Cleaning Services did, increases both assets and equity by the amount of the service provided. In this case, that would be $180.
Explanation:When Global Cleaning Service performs cleaning services for a department store on account for $180, this transaction will increase both assets and equity by $180. Here's why: In this scenario, Global Cleaning Service is providing a service on account which means they haven't received payment yet, but they will in future. This kind of transaction is considered an account receivable which is an asset to the company. At the same time, because they have effectively made $180 (even if they haven't received it yet), their equity (which represents ownership in the company) also increases. So, the correct answer to your question is option D.
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When a company recognizes that the needs of one market segment is not the same as another and accordingly customizes its product offerings, it is said to be pursuing a __________ strategy. a. focus b. low-cost c. standardization d. segmentation e. stuck-in-the-middle
Answer:
Focus strategy.
Explanation:
Focus strategy is undertaken by a company to enter a narrow market or expand operations in such a market. The segment is specific and the business usually provides services that competitively meets customer needs.
Recognising that one market segment's needs are different from another one's is the basis for focus strategy. Resources will be used to meet and satisfy the unique needs of a target segment or niche. Involve a particular product line for example children clothing, detergents, lemon juice, children's shoes and so on.
Nine months ago, The Allstate Corporation sold a one-year policy to a customer and recorded the receipt of the premium by crediting Unearned Revenue for $2,496. No accounting adjustments have been prepared during the nine-month period. Allstate's annual financial statements are now being prepared.
Answer:
Journal entry recorded by the Company at the time of receipt:
Cash A/C Dr. $2496
To Unearned Revenue 2496
(Being unexpired insurance premium recorded)
After 9 months, the following journal entry would be passed for adjustment of insurance premium expired or the revenue which has been earned by the company.
Unearned Revenue A/C (2496 × [tex]\frac{9}{12}[/tex]) Dr. $ 1872
To Revenue A/C 1872
(Being proportion of insurance premium expired recorded)
Unearned Revenue A/C denotes a liability. At the time of receipt of payment, the insurance company creates this liability since services are due against the receipts.
At the time of preparation of financial statements, the unearned revenue which has now been earned is recorded by debiting i.e reducing the liability balance.
Which of the following is a primary characteristic of employing automated equipment in a company with high levels of production? Group of answer choices They help employees to acquire specialized knowledge that helps them complete tasks more efficiently. The general and administrative costs would be high for large companies. They do not help in spreading out the fixed cost of production. Large companies can reduce per-unit cost of production.
Answer: Large companies can reduce per-unit cost of production
Explanation:
A company that is already having high production levels will reduce per-unit cost greatly if they decide to go automated. Since the basic reason for increased automation is to allow for greater efficiency thereby increasing production numbers. This increased productivity which will cause the firm to enjoy greater economies of scale thus lower unit cost. Economies of scale shows the inverse relationship between unit price and quality produced, as quantity increases prices will most likely reduce.
Joe is buying a laptop computer to take on trips. Although she has looked at several brands, she refuses to buy a computer that weighs more than five pounds. Jordana is basing her decision on
a. a compensatory decision rule.
b. habitual decision making.
c. a noncompensatory decision rule.
d. social factors.
e. temporal factors.
Answer:
c. a non compensatory decision rule.
Explanation:
A non compensatory decision rule refers to the consumer decision wherein positive attributes related to a product do not make up for the negative attributes of the product.
Non compensatory decision rules make the buying process convenient as in such cases, the consumer is particular about a specific attributes he/she desires and is not bothered about the other attributes.
In the given case, Joe's criteria for purchase being the threshold weight limit of the system beyond which, no matter how many other positive attributes the product offers, it will not be purchased.
Similarly, if the product is within the threshold weight limit of 5 pounds, some negative attributes will not deter her from buying the product i.e laptop computer here.
Which of the following statements is CORRECT? a. Corporations and partnerships have an advantage over proprietorships because a sole proprietor is exposed to unlimited liability, but the liability of all investors in the other types of businesses is more limited. b. Because most stock ownership is concentrated in the hands of a relatively small segment of society, firms' actions to maximize their stock prices have little benefit to society. c. Most business in the U.S. is conducted by corporations, and corporations' popularity results primarily from their favorable tax treatment. d. The potential exists for agency conflicts between stockholders and managers. e. A good goal for a firm's management is maximization of expected EPS. 1 points
Answer:
d. The potential exists for agency conflicts between stockholders and managers.
Explanation:
In a company the shareholders are the owners of the company who own shares and have stake in the company. They employ managers to take care of the daily running of the company.
There is the potential of conflict between the shareholders and the management of the company because shareholders just want to make short term profit, whole the management of the company may want to take initiatives that will lead to future gains.
Management will need to communicate effectively reason for temporary slump in profits, and emphasise future gains the company stands to get.
1. All of the factors below create a change in demand for alcohol except: a. Change in cigarette prices given that cigarettes and alcohol are substitutes b. Rise in anti-drinking sentiments across the country c. Increase in risk of liver cirrhosis associated with alcohol consumption d. Rise in price of alcohol e. Rise in income of alcohol consumers (alcohol is a normal good)
Answer:
d. Rise in price of alcohol
Explanation:
Change in Quantity demanded occurs due to change in Price. Change in Demand happens due to factors other than price - Income, Substitute & Complementary good's price, Taste.
Change in alcohol demand - due to substitute Cigarette price change , Change [Decrease] in alcohol demand - due to change in taste based on anti drinking sentiments, higher risk of alcohol liver cirrhosis , Change [Increase] in alcohol demand - due to change [rise] in Income : These all are due to factors other than price & hence are 'Change in Demand'
Rise in price of Alcohol leads to 'Change [Expansion] in Quantity Demanded' due to price change [rise] .
Which of the following is correct for Qualified Tuition Programs? a. Contributions are deductible and qualified educational expense distributions are tax-free. b. Contributions are deductible and qualified educational expense distributions are taxable. c. Contributions are not deductible and qualified educational expense distributions are taxable. d. Contributions are not deductible and qualified educational expense distributions are tax-free.
Answer:C
Explanation:
Contributions are not deductible and qualified educational expense distributions are taxable
The right answer is d. Contributions to Qualified Tuition Programs are not tax-deductible but the earnings and distributions for educational expenses are tax-free.
Explanation:The correct option for Qualified Tuition Programs is d. Contributions are not deductible and qualified educational expense distributions are tax-free. A Qualified Tuition Program, also known as a 529 plan, is a tax-advantaged savings plan designed to help pay for education. Contributions to these plans are made with after-tax dollars but any income the account earns is tax-free as long as it's used for qualified education expenses. These expenses can include tuition fees, books, and room and board for college students. So, while the contributions themselves are not tax-deductible, the earnings and distributions for educational expenses are tax-free.
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List the three generations in the workplace today, and provide at least two characteristics of each generation that affect their motivation. How are these generations similar and how are they different?
Answer:
(1) Baby boomers born between 1946 to 1964.
Characteristics: They are optimistic and self focused.
(2) Generalization X born between the 1965-1980
Characteristics: They are independent and are knowns as the pioneers of Technological systems.
(3) Generation Y born between 1981 to 1997.
Characteristics: They are known to be Tech dependent and self expressive.
SIMILARITIES
All these groups are similar in terms of their value for independence in the work place, visionary and coaching style of leadership.
DIFFERENCE
Baby boomer created more competition in the work place,they value work over family and are less supportive.
Generation Xers are self reliant,self sufficient and most entrepreneur.
Generation Yers known as digital natives, grew up with the internet.
Explanation: In the work place their are different categories of persons based on their age, this categorization helps organisations to understand how to manage and regulate Relationships between the leaders and the other members of the Organisation.
Understanding the various generations available in a work place is vital to motivation and success of the business entity.
The three generations in the workplace today are Baby Boomers, Generation X, and Millennials. They have distinct characteristics that affect their motivation.
Explanation:The three generations in the workplace today are:
Baby Boomers: Born between 1946 and 1964, characterized by their hard work ethic and dedication to their jobs. They value job security and are motivated by recognition and career progression.Generation X: Born between the early 1960s and the 1980s, known for their independence and work-life balance. They seek challenges and variety in their work and are motivated by a sense of accomplishment and flexibility.Millennials: Born from 1979 to the early 1994, highly tech-savvy and value work-life integration. They are motivated by meaningful work, opportunities for growth and development, and work flexibility.These generations differ in their values and expectations, but they also share some similarities. Both Baby Boomers and Millennials value recognition and career progression, although for different reasons. Generation X and Millennials both prioritize work-life balance, although Generation X is more focused on independence while Millennials seek work-life integration.
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Which statement corresponds to this specific situation? Rowan owns a computer programming business with 15 employees. He is hiring a new employee, and he turns down a 45-year-old man because he is "too old to keep up with the rest of the group." O
a. Employer may legally discriminate because the law doesn't apply to this situation
b. Employer may legally discriminate based on BFOQ
c. Employer may legally discriminate based on number of employees
d.Employer may not legally discriminate closed principal
Answer:
b. Employer may legally discriminate based on BFOQ exception
Explanation:
The statement that corresponds to the situation should be that the Employer can legally discriminate base on BFOQ exception. BFOQ means Bona Fide Occupational Qualification and under the United States laws, discrimination against people based on their gender, age, race, national origin religion, is generally prohibited. It is important to state that there are exceptions to this BFOQ law which allows an employer to refuse to employ a person under certain circumstances, for example, the nature of the job may allow the employer not to employ an Applicant seeking for employment.
Therefore, for an employer to reject employing an applicant, he must show that the situation at hand falls under the BFOQ exception, that is the BFOQ exception allows him to discriminate against the applicant. For example, where a doctor is required for a job in the hospital and pharmacist applied for the post, the employer is legally allowed to discriminate base on BFOQ exception.
So from the situation presented, Rowan is not legally allowed to turn down a 45-year-old man who applies for the job because he is too old to keep up with the rest of the group. Rowan may reasonably believe that the 45-year-old man is too old to keep up with the rest of the group but to the court perspective, the nature of the job does not require a young person to perform so anybody of any age can apply and the 45-year-old man is qualified for the job then Rowan will be liable for discrimination base on BFOQ because there is nothing about the responsibilities of the job that the 45-year-old man can not do.