A company is using target costing to establish whether it needs to redesign a proposed product.

The following data is available:

Target price £125 per unit
Desired profit margin 25%
The estimated cost of production £100 per unit

By how much will the company attempt to reduce the cost of the product?
A £6.25 per unit.
B £12.50 per unit.
C £25.00 per unit.

Answer:

e. Perfect competition with no externalities.

Explanation:

In a perfectly competitive market with no externalities, the marginal social cost (MSC) equals the marginal private cost (MPC), meaning the cost to society of producing one more unit of a good or service is equal to the cost incurred by the individual producer. Similarly, the marginal social benefit (MSB) equals the marginal private benefit (MPB), indicating that the benefit to society of consuming one more unit of a good or service is equal to the benefit received by the individual consumer. This alignment of costs and benefits characterizes the equilibrium in a perfectly competitive market with no externalities.

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The need for electrical craftworkers continues to grow. Option (c) is correct.

An Electrical craftworker assists a skilled journey-level worker engaged in one of the electrical trades.

Electrical craft work involves the maintenance and construction of electrical systems for construction and facilities installation and maintenance of overhead or underground power distribution systems or shop repair activities. Apprentice training possibilities leading to craft perspectives are available in some departments.

Therefore, Option (c) is correct.

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If the value is significant (i.e. the p-value is less than 0.05), then we can conclude that there is a statistically significant difference in response rates between the four industries. This ensures that any observed differences are due to actual differences in response rates, rather than differences in sample sizes or response rates.

Based on the information provided, we can analyze the data to determine if there is a significant difference in response rates between the three industries: machinery, electrical equipment, and precision instruments.
To do this, we can use the Chi-square test for independence, which compares the observed cell counts to the expected cell counts. The provided Minitab output has already calculated these expected counts and the Chi-square statistic for us.
Observed counts:
Machinery: 33 responded, 94 didn't respond
Electrical equipment: 21 responded, 79 didn't respond
Precision instruments: 41 responded, 80 didn't respond
Expected counts:
Machinery: 34.67 responded, 92.33 didn't respond
Electrical equipment: 27.30 responded, 100 didn't respond
Precision instruments: 33.03 responded, 87.97 didn't respond
To determine if there is a significant difference in response rates, we need to compare the calculated Chi-square statistic to the critical value at a chosen significance level (typically 0.05) but, the provided data does not include the actual Chi-square statistic value or the degrees of freedom.
Thus, based on the given Minitab output, we can see that the expected cell counts for each industry are different from the observed cell counts. This suggests that there may be a difference in response rate between the four industries.

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The major reason for having the checking account are financial safety, easy access to your funds, savings from check-cashing fees, and overall financial peace of mind.

Checking account:

In accounting, checking account is the  type of bank account that allows you to easily deposit and withdraw money for daily transactions.

Given,

Here we need to find the 3 reasons for having a checking account.

Based on the given definition we know that the checking account is the that is perfectly suitable for the daily transactions actions.

Therefore, the reason behind the usage of checking account is listed as,

=> helps you manage your day-to-day finances, such as paying your bills,

=> receiving direct deposit of your paycheck, and

=> withdrawing cash from an ATM.

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Answer:

Checking accounts.

Savings accounts.

Debit & credit cards.

Insurance

Wealth management.

The level of production in the table which has the lowest average variable cost is option a) 1 unit.

Any increase in output results in economic expansion as indicated by the GDP. Simply put, this indicator shows how much is produced overall across the entire economy. The standard of life is raised by stronger economic growth since it drives down prices and boosts wages. When the marginal revenue (MR) equals the marginal cost, production is at its best level (MC).

The cost of variable per unit in economics is the average variable cost. One can determine the average variable cost by dividing the whole variable cost by the output. The corporations use the average variable cost to decide when to stop short-term manufacturing.

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Question 20 (5 points) Table 14-10 Suppose that a firm in a competitive market faces the following revenues and costs:

Quantity Total Revenue Total Cost

0 $0 $3

1 $7 $5

2 $14 $9

3 $21 $15

4 $28 $23

5 $35 $33

6 $42 $45

7 $49 $59

Refer to Table 14-10. Which level of production in the table has the lowest average variable cost? Question 20 options:

a) 1 unit

b) 2 units

c) 3 units

d) 4 units

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Answer:

Explanation:

1. True

Separation of record keeping for assets from custody over assets in custody over assets reduces theft and fraud . except in a case of collusion.

Fraud and theft of assets can be easily perpetrated and covered up when an individual combines the role.

2. False

Internal control focuses more on the internal operation of an organization rather than the external. Even though it can still be of impact in checking the excesses of external parties like the government agencies , but that is not its primary objective

3.True

Internal control's main objectives can be best accomplished when there is an operational system with managerial policies that protect waste , fraud and theft , being the major factors targeted to control

4.False

Separating the responsibility for a transaction between two or more individuals or departments is a major way of preventing creation of fictitious invoices and payment as it could have easily be detected if different individuals are involved in approval and payment of invoices.

Answer:

as we simply know the technology degradation will increase the cost of production and decrease the profit and when there will be less profit the supplier supplies less goods in the market

hence the supply will decrease.

vice versa in the case of technology improvement.

is it fine?

The Rorschach inkblot test employs a series of inkblot cards designed to reveal a person's unconscious desires, fears, and conflicts.

This psychological test, developed by Hermann Rorschach in the early 20th century, is based on the principle that individuals will project their thoughts and feelings onto ambiguous stimuli, such as the inkblot images.

During the test, the individual is presented with a series of inkblot cards, one at a time, and asked to describe what they see in each image. The responses are then analyzed based on various factors, including content, location, determinants, and popular responses. These interpretations provide insights into the individual's perception, thought processes, emotional state, and underlying psychological dynamics.

The Rorschach inkblot test is rooted in the psychodynamic theory, which suggests that individuals' perceptions are influenced by their unconscious mind. By presenting the individual with unstructured stimuli, the test aims to tap into their unconscious thoughts and feelings, allowing the examiner to gain a deeper understanding of their inner world.

It is important to note that the Rorschach test is a complex and nuanced assessment tool that requires extensive training and expertise to administer and interpret accurately. The test results are subject to multiple interpretations, and the examiner considers various factors to derive meaningful insights.

Overall, the Rorschach inkblot test provides a unique window into the individual's unconscious mind, allowing psychologists to explore their innermost thoughts, desires, fears, and conflicts. It is often used in clinical settings to aid in the assessment, diagnosis, and treatment planning for individuals with psychological disorders.

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The bank statement is for a current account. The evidence to show that's it's a current account include:

The transaction on the bank statement that is most likely a paycheck is the automatic deposit of $2055.

The owner of the account cannot buy the $750 refrigerator because he has a balance of $240.

The from the statement indicates that the owner of the account may have already overdrawn is because the total withdrawals are -$330.57.

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Answer:

The guy above really helped got a 100 on this because of this guy thank you.

Explanation:

True. Each diode has a maximum supported current determined by its physical characteristics. This limit is specified by the manufacturer and should not be exceeded to ensure proper operation and prevent damage to the diode.

Diodes are electronic components that allow current to flow in one direction while blocking it in the opposite direction. They have a maximum current rating, which is the maximum current that the diode can safely handle without being damaged. This rating is typically specified by the manufacturer and is an important parameter to consider when designing electronic circuits.

Exceeding the maximum supported current can lead to overheating and irreversible damage to the diode. It can cause the diode to fail, resulting in circuit malfunction or even complete failure. Therefore, it is crucial to choose a diode with a current rating that is suitable for the intended application and to ensure that the operating current does not exceed this limit.

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In financial matters, explicitly broad harmony hypothesis, a perfect market, otherwise called an atomistic market and An imperfect market alludes to any financial market that doesn't satisfy the thorough guidelines of the speculative perfectly or absolutely cutthroat market.

A Perfect market is described by perfect contest, market harmony, and a limitless number of purchasers and dealers.

In an imperfect market, individual purchasers and venders can impact costs and creation, there is no complete story of data about items and costs, and there are high hindrances to passage or exit in the market.

Imperfect markets don't fulfill the thorough guidelines of a speculative perfectly or simply cutthroat market. Imperfect markets are portrayed by having rivalry for market share, high boundaries to section and exit, various items and administrations, and few purchasers and merchants.

Therefore Perfect markets are hypothetical and can't exist in reality; all genuine markets are imperfect markets.

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Answer:

$1,260

Explanation:

$18 is the rate of pay for 40 hrs/week

$27 is the rate of pay for the extra 10 hrs/week (18 + 9)

A total of 100 hours for the pay period, 80 of those are 18/hr, 20 are 27/hr

40(18) + 20(27) = 720 + 540 = 1260

Please let me know if you have any questions.

The role of the public manager is to plan, organize, direct and control organizational resources to achieve strategic objectives.

It is a professional responsible for managing resources in order to satisfy the needs of a public, as in governmental institutions whose objective is to promote public health and safety.

Therefore, a public manager must be able to analyze the needs and manage an organization effectively to achieve the objectives determined by planning.

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Answer:

Explanation:Meditation is a practice where an individual uses a technique – such as mindfulness, or focusing the mind on a particular object, thought, or activity – to train attention and awareness, and achieve a mentally clear and emotionally calm and stable state.

Answer:

Your answer is A. Have a good day! :)

Explanation:

Distilled water is a popular item in stores, but recently, there has been a shortage of this product in many locations. In this answer, we will explore the reasons behind this shortage and what factors are contributing to it.

The main reason for the shortage of distilled water in stores is an increase in demand for it due to the COVID-19 pandemic. As people became more conscious of their health, many started to purchase distilled water for drinking, cooking, and cleaning as it is considered to be a pure form of water. This increase in demand has led to a shortage of distilled water in stores as manufacturers and suppliers have struggled to keep up with the demand.

Another factor contributing to the shortage of distilled water is the increase in demand for hand sanitizer. Many companies that previously produced only distilled water have shifted their focus to producing hand sanitizer, which has also contributed to the shortage of distilled water.

Additionally, the supply chain disruptions caused by the pandemic have also played a role in the shortage of distilled water. The pandemic has caused delays in production and transportation, making it difficult for manufacturers and suppliers to keep up with the demand for distilled water.

In summary, the shortage of distilled water in stores is primarily caused by an increase in demand for it due to the COVID-19 pandemic, an increase in demand for hand sanitizer, and supply chain disruptions caused by the pandemic. With the ongoing pandemic situation, it's difficult to predict when the shortage of distilled water will ease up.

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Answer:

Conceptual skills

Explanation:

Conceptual skills are inmate skills that enables one to have an understanding of complex problems or situations and also able to proper solutions to them in a creative manner. It is a skill that enables one to think creatively and proffer solutions to problems in a dynamic way.

When difficult situations arises, conceptual skills creates an initiative approach to those scenarios with a view to solving them hence needed by individuals and managers to effectively guide a business.

As in the above scenario, Randy was able to discover that poor attitude was actually the cause of poor sales among the employees due to the conceptual skill he possesed.

Answer:

The answer is C. architecture and construction industry demonstrating a sustainable level of growth

A cluster sampling method is most likely followed when a furniture store manager calls all the customers who purchased furniture on Tuesday to ensure their satisfaction with the purchases.

A sampling method can be usually understood as an advanced method of post-sales research that helps in deriving feedback regarding the areas where the companies might have a larger scope of improvement. This sampling may also be practiced for following the advanced practices of post-sales service offered by the companies to ensure consumer satisfaction.

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Perfect price discrimination is characterized by charging customers the maximum price they are willing to pay for a product or service.

Perfect price discrimination is characterized by charging customers the maximum price they are willing to pay for a product or service. This pricing strategy involves the seller obtaining complete information about the buyer's willingness to pay and charging them accordingly. In perfect price discrimination, every customer pays a different price based on their individual valuation of the product. The key advantage of perfect price discrimination for the seller is that it allows them to capture all of the consumer surplus. Consumer surplus is the difference between what a customer is willing to pay for a product and the actual price they pay. In traditional pricing strategies, the seller often has to set a lower price to attract customers and increase sales, which means that they miss out on some of the potential profit. However, perfect price discrimination is often difficult to implement in practice. It requires extensive market research to understand each customer's valuation of a product, and the seller must have the ability to price discriminate without driving away customers. Additionally, it may be unethical for the seller to charge different customers vastly different prices for the same product. Overall, perfect price discrimination is an ideal pricing strategy for sellers who have complete information about their customers' willingness to pay and can implement it ethically. It allows them to maximize profit and capture all of the consumer surplus.

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The value of the bond is approximately $1,218.71. To calculate the value of the bond, we can use the present value formula for a bond, which takes into account the present value of the coupon payments and the present value of the face value (par value) at maturity.

Step 1: Calculate the present value of the coupon payments:

The bond pays semiannual coupons, so it will make 14 * 2 = 28 coupon payments.

The coupon payment per period is $1,000 * 8.50% / 2 = $42.50.

Using the present value of an ordinary annuity formula, we get:

PV of coupon payments = $42.50 * [1 - (1 + 5.80%)^(-28)] / 5.80% ≈ $970.32.

Step 2: Calculate the present value of the face value at maturity:

The present value of the face value can be calculated using the present value formula:

PV of face value = $1,000 / (1 + 5.80%)^(14) ≈ $472.39.

Step 3: Add the present values of the coupon payments and the face value:

Bond value ≈ $970.32 + $472.39 ≈ $1,218.71.

The value of the bond is approximately $1,218.71.

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Answer: Edg 2021: A, B, D, E

Explanation:

Answer: 700

Explanation:

The number of equivalent units of work done during the month for direct materials will be:

Completed and transferred units = 500

Ending work in process inventory = 200

Number of equivalent units = 500 + 200 = 700

Answer: AJ, MT, RD, Jr

Explanation:

Given the following data :

AJ - 16

TM - 23

WF - 23

SW - 22

MT - 15.5

RD - 18.5

Jr - 20

LS - 23

PB - 36

Median salary can be calculated thus :

Arranging salary in ascending order of Magnitude :

15.5, 16, 18.5, 20, 22, 23, 23, 23, 36 (£ thousand)

Meduan salary is the 5th figure in the arrangement = £22 thousand

Therefore, those earning less than the median salary are:

AJ, MT, RD, Jr

Answer:

hi bestie

cost comparison

Explanation:

a. Compute the firm's 2016 net operating income and net income. Net operating income is the operating income minus the operating expenses. In this case, the operating profit margin is 11 percent. Thus, the operating income can be calculated as follows:

Operating income = 11% × 66 million= 7.26 million Net operating income = Operating income - Operating expenses = 7.26 million Net income is the operating income minus the interest and tax expenses. The tax rate is 35 percent and the interest rate on the company's debt is 6.3 percent. The interest expense can be calculated as follows: Interest expense = Interest rate × Total liabilities = 6.3% × 18 million= 1.134 million Thus, the net income can be calculated as follows: Net income = Net operating income - Interest expense - Tax expense= 7.26 million - 1.134 million - 35% × (7.26 million - 1.134 million)= 3.4095 million (approximately)b.

Calculate the firm's operating return on assets and return on equity. Operating return on assets is the ratio of the operating income to the total assets. Operating return on assets = Operating income / Total assets= 7.26 million / 45 million= 0.1613 or 16.13 percent Return on equity is the ratio of the net income to the equity. Return on equity = Net income / Equity= $3.4095 million / (45 million - 18 million)= 0.2048 or 20.48 percent. Therefore, the firm's operating return on assets is 16.13 percent and return on equity is 20.48 percent.

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