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Related Questions
what means liability
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Answer:
the amount of money that a person or company owes
A firm operates in perfectly competitive market. The market price of its product is 6 birr and the cost function is given by 1/3Q3-5Q2+20Q+50, where TC is total cost and Q is the level of output. A. What level of output firm should the firm produce to maximize its profit? B. Determine the level of profit at equilibrium C. What a minimum price is required by the firm to stay in the market?
Answers
To maximize profit in a perfectly competitive market, the firm should produce at the output level where marginal cost (MC) equals the market price (P).
The total cost (TC) function is given as:
TC = 1/3Q^3 - 5Q^2 + 20Q + 50
To find the marginal cost, we need to take the derivative of the total cost function with respect to Q:
MC = dTC/dQ = Q^2 - 10Q + 20
A. To maximize profit, set MC equal to the market price (P) and solve for Q:
Q^2 - 10Q + 20 = 6
Q^2 - 10Q + 14 = 0
Solving this quadratic equation will give us the level of output (Q) that maximizes profit. Using the quadratic formula, we find:
Q ≈ 2.34 or Q ≈ 7.66
Since Q represents the level of output, it cannot be a fraction or negative value in this context. Therefore, the firm should produce approximately 7 units of output to maximize profit.
B. To determine the level of profit at equilibrium, we need to calculate total revenue (TR) and subtract total cost (TC) at the output level where MC = P.
TR = P * Q
TR = 6 * 7 = 42
Profit (π) = TR - TC
Profit (π) = 42 - TC
To calculate the specific level of profit, we need the total cost equation. Substituting the value of Q into the TC equation, we can find the total cost at equilibrium.
C. To determine the minimum price required by the firm to stay in the market, we need to consider the level of average variable cost (AVC). If the price falls below AVC, the firm would be better off shutting down in the short run.
AVC = TVC / Q
AVC = (TC - TFC) / Q
However, the total fixed cost (TFC) is not provided in the given information. Without the TFC value, we cannot determine the minimum price required to stay in the market.
Therefore, we can answer parts A and B, but we cannot determine the minimum price required to stay in the market without the total fixed cost (TFC) information.
In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income $ 59,000 Accounts payable decreased by 25,000 Accounts receivable increased by 32,000 Inventories increased by 12,000 Cash dividends paid 15,400 Depreciation expense 27,000 Net cash provided by operating activities was:
Answers
Answer:
See below
Explanation:
Net income during the year
$59,000
Adjustments:
Depreciation
$27,000
Changes in current assets and liabilities
Less:
Increase in accounts receivables
($32,000)
Increase in inventories
($12,000)
Decrease in accounts payable
$25,000
Net cash flow from operating activities
$17,000
Hudson Corporation is considering three options for managing its data processing operation: continuing with its own staff, hiring an outside vendor to do the managing (referred to as outsourcing), or using a combination of its own staff and an outside vendor. The cost of the operation depends on future demand. The annual cost of each option (in thousands of dollars) depends on demand as follows:
Demand
Staffing Options High Medium Low
Own staff 650 650 600
Outside vendor 900 600 300
Combination 800 650 500
a) If the demand probabilities are 0.2, 0.5, and 0.3, which decision alternative will minimize the expected cost of the data processing operation?
Own staff, Outside vendor, Combination
What is the expected annual cost associated with that recommendation?
Expected annual cost = $
(b) Construct a risk profile for the optimal decision in part (a).
What is the probability of the cost exceeding $700,000?
Probability =
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Answer:
Kindly check explanation
Explanation:
Given the data :
______________DEMAND______________
Staffing option __High ___Medium______Low
Own staff ______650_____ 650 _______600
Outside vendor _900_____ 600 _______ 300
Combination ___ 800 _____650_______ 500
a) If the demand probabilities are 0.2, 0.5, and 0.3, which decision alternative will minimize the expected cost of the data processing operation?
Expected cost :Σp(x) *x
Expected value for OWN STAFF:
(650*0.2) + (650*0.5) + (600*0.3) = 635
Expected value for OUTSIDE VENDOR:
(900*0.2) + (600*0.5) + (300*0.3) = 570
Expected value for COMBINATION:
(800*0.2) + (650*0.5) + (500*0.3) = 635
The decision alternative which will minimize expected cost is OUTSIDE VENDOR as it has the lowest expected value.
Expected annual cost associated with outside vendor is 570
(b) Construct a risk profile for the optimal decision in part (a).
Risk portfolio for outside vendor:
Demand ____cost ____probability
Low _______900 ______ 0.2
Medium ____600 ______ 0.5
High ______ 500 _______0.3
What is the probability of the cost exceeding $700,000?
Probability : This is the probability associated with the low demand of the optimal risk portfolio = 0.2 (0.2 * 100) = 20%
pls help me
include the following:
The name of the career
Some information you learned from your own research
Education a person needs to get this type of job
Skills a person needs to get this type of job
How people in this job use technology
The URL (web address) of the US Bureau of Labor Statistics website where readers can find more information
Answers
The name of the career - Computer engineering
The information I have learned on Computer engineering is that it is all about research, as well as design, making, and testing ofcomputer systems as well as its components.
The Education a person needs to get this type of job is: Bachelor's Degree
The Skills a person needs to get this type of job are:
Know a lot about programming languages, Know about secure coding.Know about software and hardware tech.CreativityInnovationThe people in this job use a lot of technology as they are actively involve in its production.
The URL (web address) of the US Bureau of Labor Statistics website where readers can find more information is: https://www.bls.gov/ooh/architecture-and-engineering/computer-hardware-engineers.htm
What should an IT engineer possess?A bachelor's degree in the subject is required to work as a computer engineer. Math, physics, and computer science are the most common subjects that students study.
To create solutions for various issues, these professionals require critical thinking abilities. To function effectively in a team, they also need strong communication skills.
Therefore, Being an information technology engineer requires you to be able to recognize complex issues and find the appropriate solutions. You need the capacity for critical thought, option analysis, and perfect solution generation to be able to solve problems.
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Someone help choose correctly
Answers
Answer:
Bottom one for sure and least I think is either top one or the second to last.
Even if firms in a monopolistically competitive market collude successfully and fix price, economic profit will still be competed away if there is unrestricted entry. Explain. Will price be higher or lower under such an agreement in long-run equilibrium than would be the case if firms didn’t collude? Explain.
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Monopolistic competition is a type of market in which a large number of sellers sell differentiated products. Because of their differentiated goods, these companies have some price control. This type of market allows for the free entry and exit of firms.
What is Equilibrium?Equilibrium is a state in which opposing forces or influences are balanced.
Under monopolistic competition, some firms conspire to increase profits in order to reduce competition. However, I agree that unrestricted entry of firms will drive economic profit away. This occurs because when new firms see that existing firms are making huge profits, they enter the market, increasing competition, dividing buyers among more firms, and reducing firm profit.
In the long run, such an agreement will result in lower prices.
This occurs because if firms earn large profits in the short run, new firms will enter the industry based on the profits of existing firms.
Therefore, In the long run, each firm's profit will decrease as commodity prices fall due to increased supply.
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An employee:
works for someone else
O takes the risk of a business venture
sets financial goals for the business
sets nonfinancial goals for a business
Answers
Answer:
works for someone else
Explanation:
An employee is someone hired to offer labor services to their employers. The employers may be an individual, a private organization, or the governments. Employees earn wages, salaries, and other benefits provided by the employer in exchange for their labor services.
Employees do not assume any risks as the business owners do. Their role is to fulfill their mandate as instructed by the employers. Employees assist the employer in accomplishing their business vision.
Travis Company purchased merchandise on account from a supplier for $11,100, terms 2/10, net 30 on December 26. Travis Company paid for the merchandise on December 31, within the discount period.
Required:
Under a perpetual inventory system, record the journal entries required for the above transactions. Refer to the Chart of Accounts for exact wording of account titles.
Record the journal entries on each transaction. Refer to the Chart of Accounts for exact wording of account titles.
PAGE 1
JOURNAL
DATE DESCRIPTION POST. REF. DEBIT CREDIT
1
2
3
4
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Answer and Explanation:
The journal entries are shown below:
On Dec 26
Inventory $11,100
To Accounts payable $11,100
(Being the purchase merchandise on account is recorded)
On Dec 31
Account payable $11,100
To Discount on account payable (2% of $11,100) $222
To Cash $10,878
(being the cash paid is recorded)
These two entries should be recorded
Following are several figures reported for Allister and Barone as of December 31, 2018:
Allister Barone
Inventory $530,000 $330,000
Sales 1,060,000 860,000
Investment income not given
Cost of goods sold 530,000 430,000
Operating expenses 245,000 315,000
Allister acquired 70 percent of Barone in January 2017. In allocating the newly acquired subsidiary's fair value at the acquisition date, Allister noted that Barone had developed a customer list worth $70,000 that was unrecorded on its accounting records and had a 4-year remaining life. Any remaining excess fair value over Barone's book value was attributed to goodwill. During 2018, Barone sells inventory costing $126,000 to Allister for $172,000. Of this amount, 20 percent remains unsold in Allister's warehouse at year-end. Determine balances for the following items that would appear on Allister's consolidated financial statements for 2018:
Amounts
Inventory
Sales
Cost of goods sold
Operating expenses
Net income attributable to noncontrolling interest
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Answer and Explanation:
The computation of inventory, sales, cost of goods sold, Operating expenses and Net income attributable to non-controlling interest is shown below:-
But before that we need to determine the following calculations
Unrealized profit on inventory = ($172,000 - $126,000) × 10%
= $4,600
Customer list amortization = $70,000 ÷ 4
= $17,500
Inventory = $530,000 + $330,000 - $4,600
= $855,400
Sales = $1,060,000 + $860,000 - $172,000
= $1,748,000
Cost of goods sold = $530,000 + $430,000 + $4,600 - $172,000
= $792,600
Operating expenses = $245,000 + $315,000 + $17,500
= $577,500
Net income attributable to non-controlling interest = 10% × ($860,000 - $430,000 - $315,000 - $4,600 - $17,500)
= 10% × $92,900
= $9,290
Occupational hygiene focuses specifically on three types of exposures. Explain any Two of these
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Occupational hygiene focuses specifically on three types of exposures are:
chemical physical biologicalWhat is Occupational hygiene?Occupational hygiene can be described as the process that is been used in the work placer so that it can focus on the monitoring as well as preservation of the people of the workplace from any hazards.
chemical exposure can be described as one that focus on any hazards that can come from the use of toxic substance in the workplace. physical exposure can be described as the one tat focus on any hazards as a result of any physical injury in the workplace.
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Which of the following should be considered last when searching for financing? Question 1 options: Family members Banks Commercial finance companies Credit cards
Answers
Answer:
Credit cards
Explanation:
A credit card can be defined as a small rectangular-shaped plastic card issued by a financial institution to its customers, which typically allows them to purchase goods and services on credit based on the agreement that the amount would be paid later with an agreed upon interest rate.
Credit cards should be considered last when searching for financing.
The main sources of finance are; Family members, Banks Commercial and finance companies.
you start out with $2,000 in a savings account and save $100 a month for 10 years and the account has a 2.5% interest rate. based on that calculation how much interest would you earn?
Answers
Answer: 25%
Explanation:
Let MAC1 = 100 – 10E and MAC2 = 50 – 10E. Graph each function and compute the aggregate MAC curve. Let MD = 30E, compute the socially efficient equilibrium. For the equations given above, suppose the government sets the pollution level at four units. What are the net social costs of this policy?
Suppose a technological change occurs that reduces the marginal costs of abatement for polluter 1 in the above equation to that of polluter 2. How does this affect the socially efficient level of pollution? Solve numerically and graphically.
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If the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not impact the socially efficient level of pollution. The level is still determined by equating Marginal Damage with the Aggregate MAC.
To graph each function, we can plot MAC1 and MAC2 on a graph with the quantity of emissions (E) on the x-axis and the marginal abatement cost (MAC) on the y-axis.
For MAC1: MAC1 = 100 - 10E
For MAC2: MAC2 = 50 - 10E
To compute the aggregate MAC curve, we add the individual MAC curves together. So, Aggregate MAC = MAC1 + MAC2.
Aggregate MAC = (100 - 10E) + (50 - 10E) = 150 - 20E
Now, let's calculate the socially efficient equilibrium by setting the Marginal Damage (MD) equal to the Aggregate MAC.
MD = Aggregate MAC
30E = 150 - 20E
Simplifying the equation, we get:
50E = 150
E = 3
Therefore, the socially efficient equilibrium occurs when the quantity of emissions (E) is 3.
Now, let's calculate the net social costs of the policy when the government sets the pollution level at four units.
Net social costs = Aggregate MAC - MD
Net social costs = (150 - 20(4)) - (30(4))
Net social costs = 110 - 120
Net social costs = -10
The net social costs of this policy would be -10, indicating a net benefit to society.
If a technological change occurs that reduces the marginal costs of abatement for polluter 1 to that of polluter 2, it means that MAC1 will become equal to MAC2.
Setting MAC1 equal to MAC2:
100 - 10E = 50 - 10E
Simplifying the equation, we find that E can have any value, as both sides are equal.
Graphically, this change would mean that MAC1 and MAC2 become parallel lines on the graph, with the same slope and intercept. The socially efficient level of pollution would still be determined by equating MD with the aggregate MAC.
In conclusion, if the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not affect the socially efficient level of pollution. The socially efficient level is still determined by equating the Marginal Damage with the Aggregate MAC, regardless of the marginal costs of individual polluters.
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Which type of logic is based on indisputably verifiable information?
Answers
Answer:
Falsifiability
Explanation:
Falsifiability
Suppose the economy is characterized by the following behavioral equations:
C = c0 + c1YD
YD = Y-T
I = b0 + b1Y
Government spending and taxes are constant. Note that investment increases with output.
c0
is autonomous consumption,
c1 is the propensity to consume, and b0 is business confidence.
Solve for equilibrium output.
a. Y= ________
b. What is the value of the spending multiplier?
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Explanation:
we have consumption function as:
c = c₀ +c₁yd
disposable income yd = y - t
consumption = c₀ + c₁(y - t)
investment i = b₀+ b₁Y
we have G as government spending and t as tax
total spending
Y = C + I +G
such that,
Y = c₀ + c₁(y - t) + B₀ + B₁Y + G
we take all values with y to the left hand side of the equation
y(1 - C₁ - B₁) = C₀+B₀+B₁Y+G
We divide through to get y
\(Y = \frac{C0 + B0 + B1Y}{1-C1-B1}\)
b.
the spending multiplier would be 1/1−c1−b1
If C₀, b₀ and tax are held constant, and G goes up by 1 unit then we will have equilibrium output increase by
\(\frac{1}{1-c1-b1}\)
Lynn has an account that ears interest at annual rate of 5% percent. Interest is compounded quarterly. Lynn’s account is $4000. What is the balance in her account at the end of the year
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Answer:
Ending balance in account = $4,203.8 (Approx.)
Explanation:
Given:
Starting balance in account = $4,000
Rate of interest annually = 5%
Number of year = 1
Find:
Ending balance in account
Computation:
Compounded quarterly
So,
Number of interest period = 1 x 4 = 4
Rate of interest quarterly = 5% / 4 = 1.25% = 0.0125
So,
A = P[1+r]ⁿ
Ending balance in account = 4,000[1+0.0125]⁴
Ending balance in account = 4,000[1.0125]⁴
Ending balance in account = 4,000[1.05094]
Ending balance in account = 4203.76
Ending balance in account = $4,203.8 (Approx.)
which one of the following institutions is the least regulated? banks, credit unions, savings association, saving banks or finance companies.
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Savings banks and finance companies are the least regulated among these institutions as they are not subject to the same regulations that banks and credit unions are.
The Regulation of Savings Banks and Finance Companies: A Comparison to Banks and Credit UnionsSavings Banks and Finance Companies are the least regulated among these institutions as they are not subject to the same stringent regulations that banks and credit unions are. This is due to the fact that savings banks and finance companies are only required to adhere to the regulations of the state in which they are operating, unlike banks and credit unions, which must comply with the regulations of both the state and the federal government.
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It is was that 5% product of a lot are defective, if 8 products are selected randomly, what is the probability of getting lessThan 3 defective products?
Answers
Answer:
QUIERES SER MI AMIGO?
ESQUE ANDO BURRIDO
Which of the following is an example of a private good? (1 point)
positions in a free online game limited to 100 people
O an internet connection from a local cable company
O a public website
Oa personal computer used to access the internet
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A good example of a private good is D. a personal computer used to access the internet.
A private good belongs to the individual or group who purchases or produces it for its personal consumption. The individual or group enjoys exclusive ownership of the private good. The consumption of the private good is highly restricted. The major characteristics of a private good are excludability, rivalry, and rejectability.
A private good can be differentiated from a public good. A public good is provided for the common use of the members of a society. A public good does not deplete by usage, and equal access is granted to all. Its major characteristics are nonexcludability and nonrivalry.
Thus, a personal computer is an example of a private good, while a public website is an example of a public good.
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Answer:
D
Explanation:
15. What is the net operating income for the year?
Answers
Where the above conditions are given, the net operating income for the year is $785,700
How is this so?Sales revenue - Cost of goods sold = Gross profit
Gross profit - Selling and administrative expenses = Operating income
Sales revenue - $2,970,000 Cost of goods sold - Beginning inventory - $52,800 Raw materials used in production - $608,000 Direct labor - $580,000 Manufacturing overhead applied - $647,500 (41,000 direct labor-hours $15.75 per direct labor-hour) Total cost of goods sold - $1,808,300Selling and administrative expenses - $376,000
Operating income is given as $2,970,000 - $1,808,300 - $376,000 = $785,700
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Which controls almost all of the media industry?
a few large companies
government agencies
small broadcasters
innovative entrepreneurs
Answers
Davol Corporation is preparing its Manufacturing Overhead Budget for the fourth quarter of the year. The budgeted variable manufacturing overhead rate is $6.80 per direct labor hour; the budgeted fixed manufacturing overhead is $72,000 per month, of which $20,000 is factory depreciation.
If the budgeted direct labor time for October is 5,000 hours, then the total budgeted manufacturing overhead for October is:
A) $52,000
B) $106,000
C) $54,000
D) $86,000
Answers
Answer:
B. $106,000
Explanation:
Total budgeted manufacturing overhead for October = Budgeted variable manufacturing overhead + Budgeted fixed manufacturing overhead
Total budgeted manufacturing overhead for October = ($6.8 × 5,000 hours) + $72,000
Total budgeted manufacturing overhead for October = $106,000
Dale is a guitar teacher and Terrence is a tile layer. If Dale teaches Terrence's daughter to play the guitar in
exchange for Terrence tiling Dale's kitchen floor,
a. only Dale is made better off by trade.
O b. both Dale and Terrence are made better off by trade.
c. neither Dale nor Terrence are made better off by trade.
O d. only Terrence is made better off by trade.
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If Dale teaches Terrence's daughter to play the guitar in exchange for Terrence tiling Dale's kitchen floor Option B. both Dale and Terrence are made better off by trade.
In this scenario, Dale is a guitar teacher and Terrence is a tile layer. Dale teaches Terrence's daughter how to play the guitar in return for Terrence tiling Dale's kitchen floor. It is a classic example of trade and bartering. Dale, the guitar teacher, would have had to pay for tile installation if he hadn't bartered with Terrence, the tile layer. Terrence, on the other hand, would have had to pay for guitar lessons if he hadn't traded with Dale.
Both Dale and Terrence, therefore, benefit from the trade, and they are both better off as a result. Because Dale receives tile installation in exchange for teaching guitar lessons, and Terrence receives guitar lessons in exchange for tile installation, both benefit.
In conclusion, the answer is (b) both Dale and Terrence are made better off by trade. When both parties are better off after a trade, it is known as a mutually beneficial trade. Trade, in general, promotes mutual gains by allowing people to concentrate on what they do best and exchange their output with others for goods and services that they desire. Therefore, the correct option is B.
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On July 1, 2019, Pharoah Company purchased new equipment for $80,000. Its estimated useful life was 8 years with a $16,000 salvage value. On January 1, 2022, before making its depreciation entry for 2022, the company estimated the remaining useful life to be 10 years beyond December 31, 2022. The new salvage value is estimated to be $5,000. Compute the revised annual depreciation on December 31, 2022.
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Answer:
Pharoah Company
Revised Annual Depreciation on Dec. 31, 2022:
= Depreciable amount divided by 10 years
= $55,000/10 = $5,500
Explanation:
a) Data:
July 1, 2019: Equipment Purchase $80,000
Estimated useful life = 8 years
Salvage value = $16,000
b) Computations:
Depreciable amount = $64,000 ($80,000 - 16,000)
Annual Depreciation Expense = $8,000 ($64,000/8)
Six months Depreciation Expense = $4,000 ($8,000/2)
c) Accumulated Depreciation from July 1, 2019 to Jan. 1, 2022:
July 1, 2019 to Dec. 31, 2019 = $4,000
Jan. 1, 2020 to Dec. 31, 2020 = $8,000
Jan. 1, 2021 to Dec. 31, 2021 = $8,000
Total = $20,000
d) Revision of Estimates:
Jan. 1, 2022, Book Value = Cost minus Accumulated Depreciation ( $80,000 - $20,000) = $60,000
Re-estimated salvage = $5,000
Depreciable amount =$55,000
Remaining useful life = 10 years
Annual Depreciation Expense = $5,500 ($55,000/10)
e) Depreciation is an accounting estimate used as a way of expensing the cost of a fixed asset over its useful life. It is in line with the accrual concept and matching principle of generally accepted accounting principles, which require expenses and revenues to be matched to the related period, expenses and revenues. It is based on the judgement of management and can be revised in line with changing circumstances and judgements. There are many methods for accounting for depreciation, including the straight-line as above, the unit of production method, double declining, sum of the years digit method, and accelerated methods like the MACRS or Modified Accelerated Cost Recovery System for tax accounting.
The straight-line depreciation method and the double-declining-balance depreciation method: A. Produce the same depreciation expense each year. B. Are the only acceptable methods of depreciation for financial reporting. C. Are acceptable for tax purposes only. D. Produce the same total depreciation over an asset's useful life. E. Produce the same carrying amount or book valueeach year.
Answers
The relationship between the straight-line and double-declining-balance method is that they D. Produce the same total depreciation over an asset's useful life.
How are the straight-line and double-declining-balance methods related?While they do not produce the same depreciation every year, they will eventually depreciate an asset in the same way overtime.
What this means is that both methods will depreciate an asset by the same amount at the end of the asset's life. However, the depreciation amounts will vary by method on an annual basis.
In conclusion, option D is correct.
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Where does the US government borrow money
Answers
Answer:
The federal government borrows money from the public by issuing securities—bills, notes, and bonds—through the Treasury. Treasury securities are attractive to investors because they are: Backed by the full faith and credit of the United States government.
Explanation:
Meg O’Brien received a gift of some small-scale jewelry manufacturing equipment that her father had used for personal purposes for many years. Her father originally purchased the equipment for $1,860. Because the equipment is out of production and no longer available, the property is currently worth $5,250. Meg has decided to begin a new jewelry manufacturing trade or business. What is her depreciable basis for depreciating the equipment?
Answers
Answer:
1,700
Explanation:
"O’Brien received a gift of some small-scale jewelry manufacturing equipment that her father had used ...". O’Brien has to take into consideration the factors that affect depreciation as well as the continuous rise situation of the equipment.
What is depreciation?Generally, depreciation is simply defined as owing to wear and tear, an asset's value decreases over time.
In conclusion, her depreciable basis for depreciating the equipment will be the ratio of diminishing depreciation against the price increase.
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After submitting a résumé by mail, how long should you wait before following up with an employer?
a.
1 day
b.
2-3 days
c.
1 week
d.
2 weeks
Answers
Answer:
1 week
Explanation:
because you didn't know if the employer has seen the mail or not
Which of the following indicates a website is NOT secure?
Answers
Answer:
a) a lock icon is not displayed in the address bar
(d) the url of the website begins with http
Explanation:
The lock item in the address bar is proof that the communication between your computer and the website is secure because it indicates that the communication is encrypted. If it is not there therefore, the communication is not secure.
Websites with Hypertext Transfer Protocol Secure (HTTPS) are secured as the communication is encrypted by the use of Transport Layer Security unlike websites with the basic HTTP. Visits to such sites are therefore riskier as there is a higher chance of information theft.
The website is not secure when its not displaying a lock, missing an updated SSL and does start with an HTTP instead of HTTPS.
There are many methods of checking that a website is secure is not correct by the use of various software tools like domain blocker, website checker etc.Hence the option D is correct that is the URL of the website begins with HTTP.
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