assume the domestic price of corn is $1.00 and the quantity of corn produced is 100 tons. what will happen if the world price of corn exceeds $1.00?

If a random variable follows a binomial distribution with a probability of success equal to 0.59 then the expected variance is approximately equal to 1.468.

Given that a random variable follows a binomial distribution with a probability of success equal to 0.59.

We need to find the following values:

For a sample size of n = 6, find: The probability of exactly 4 successes The expected value(mean)The expected variance

The probability of exactly 4 successes

The probability of exactly 4 successes can be calculated by using the following formula:

P(X = k) = nCk * p^k * (1 - p)^(n - k)

Where, P = Probability of success

n = sample size

nCk = combination of k successes in n trials

Therefore, the probability of exactly 4 successes can be calculated as

P(X = 4) = 6C4 * 0.59^4 * (1 - 0.59)^(6 - 4) = 0.2676

The probability of exactly 4 successes is 0.2676.

The expected value (mean) The expected value (mean) of a binomial distribution is given by the formula: μ = np

where, μ = mean of the binomial distribution n = sample size p = probability of success

Therefore, the expected value is: μ = 6 * 0.59 = 3.54 The expected value (mean) is 3.54.

The expected variance of a binomial distribution is given by the formula: σ^2 = np(1 - p) where σ^2 = variance of the binomial distribution = sample size p = probability of success

Therefore, the expected variance is:σ^2 = 6 * 0.59 * (1 - 0.59)≈ 1.468

The expected variance is approximately equal to 1.468.

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Predetermined overhead rate = $21120/$13200 = 160% of direct labor cost

Work in process on Nov. 30 = $16700 + $13200 + $21120 + $9500 + $7200 + $11520 = $79240

Raw Materials Work in Process

Beg. Bal. 40600 34150 a. Raw materials issued 30000

a. Raw materials issued 30000 b. Direct labor incurred 20450

b. Direct labor incurred 20450 3-b. Manufacturing overhead applied 32720

3-b. Manufacturing overhead applied 32720 End. Bal. 6450 End. Bal. 100600

Finished Goods Manufacturing Overhead

Beg. Bal. 86000 a. Manufacturing overhead incurred 19270

a. Cost of goods manufactured 61810 b. Manufacturing overhead applied 32720

End. Bal. 147810 End. Bal. 1100

Event General Journal Debit Credit

a. Work in process 30000

Raw materials 34150

Manufacturing overhead 4150

(To record issue of materials)

b. Work in process 20450

Salaries & wages payable 28650

Manufacturing overhead 8200

(To record labor costs incurred)

c. Manufacturing overhead 19270

Accounts payable 19270

(To record manufacturing overhead costs incurred)

Predetermined overhead rate = $21120/$13200 = 160% of direct labor cost

Event General Journal Debit Credit

1 Work in process 61810

Finished goods 61810

(To record jobs completed and transferred)

Cost of Job 105 completed and transferred to finished goods = $16700 + $13200 + $21120 + $4150 + (160% x $4150) = $61810

Job 106 Job 107 Total

Direct materials 17800 21700 39500

Direct labor 13300 10200 23500

Manufacturing overhead 21280 16320 37600

Total cost $ 52380 48220 100600

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The amount larger or smaller is the bank loan payment than the lease payment is: c. $207,215.

In order tom determine the bank loan payment we would be using financial calculator find the PMT  by inputting the below data

N= Number of years = 5

1/Y= Interest rate= 10%

PV=Present value= -$6,000,000

FV=Face value = 0

PMT=Payment=?

Hence:

PMT=$1,582,784.88

Now let determine the bank loan payment

Bank loan payment=$1,790,000 -$1,582,784.88

Bank loan payment=$207,215

Inconclusion the amount larger or smaller is the bank loan payment than the lease payment is: c. $207,215.

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By completing Form W-4: An Employee's Withholding Allowance Certificate, you can let your employer know how much money should be taken out of your paycheck to cover federal paycheck taxes.

The federal government determines the paycheck taxes percentages that workers must pay. Payroll taxes or FICA (Federal Insurance Contributions Act) taxes are subtracted from your paycheck and include Social Security and Medicare taxes. Social Security taxes provide retirement and disability benefits for workers and their families. The Medicare tax, which also includes medical benefits, applies to all adults 65 years of age and over, as well as to some disabled people who are younger. It also applies to people with chronic renal failure who require dialysis or a transplant. Employers contribute to these payroll taxes in part.

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Answer: The economy drastically slows down as money loses its buying power.

Explanation:

Answer:

B

Explanation:

I think that's the most reasonable answer hope I helped :)

the local environment and the goals of an organization. In an international context, the value of centralization can vary based on the local environment in which an organization operates.

The goals it aims to achieve. Different countries have unique cultural, legal, and economic factors that can influence the effectiveness and efficiency of centralized decision-making. Additionally, organizations may have specific goals and strategies that can impact the value they place on centralization.

Factors such as market conditions, customer preferences, regulatory frameworks, labor market dynamics, and competitive landscape can all play a role in determining the value of centralization in an international context. Therefore, the local environment and organizational goals are key considerations when assessing the value of centralization.

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T he correct option is  D) feedforward .The kind of control that takes place before the actual work is carried out is D) feedforward control.

Feedforward control is a proactive type of control that focuses on preventing problems or deviations before they occur. It involves identifying potential issues, establishing standards and targets, and implementing measures to ensure that work processes and activities are carried out effectively.

Feedforward control operates by setting clear expectations, providing guidance, and implementing preventive measures. It involves conducting thorough planning, defining objectives, allocating resources, and establishing protocols or procedures to guide the execution of tasks. By addressing potential problems in advance, feedforward control aims to minimize the occurrence of errors or deviations and optimize performance.

In contrast, concurrent control (option C) takes place during the actual execution of work and involves monitoring activities as they happen. Feedback control (option A) occurs after the work is completed and involves evaluating results against established standards. Recurrent control (option B) is not a distinct form of control.

Overall, feedforward control plays a crucial role in preventing problems, ensuring proper preparation, and increasing the likelihood of successful outcomes by addressing potential issues before they occur.

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The value of Goodwill is -$320,100..

As per the details given in the question, the following points can be determined:

Acquisition price = $365,400

Book value of Stinson = $100,000 + $216,100 = $316,100

Fair value of non-controlling interest = 40% of $609,000 = $243,600

Value of patents = $75,100

Value of customer list = $50,700

Goodwill = Acquisition price - Fair value of identifiable net assets

Acquisition price = $365,400

Fair value of identifiable net assets = $100,000 + $216,100 + $243,600 + $75,100 + $50,700 = $685,500

Goodwill = $365,400 - $685,500= -$320,100

Therefore, Goodwill is -$320,100.

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When businesses spend money on goods and services that are designed to improve the future productivity of the firm, they are engaging in investment.

Unlike consumption, which refers to spending on goods and services for immediate use or enjoyment, investment involves spending on assets that are expected to generate future benefits, such as increased revenue, reduced costs, or improved efficiency.

Examples of investment spending include purchasing new equipment, developing new products, improving production processes, and investing in employee training and development. Investment is an important driver of economic growth, as it helps to create new jobs, increase productivity, and promote innovation.

However, investment also involves risk, as there is no guarantee that the expected benefits will materialize, and the cost of capital can be high.

Therefore, businesses must carefully evaluate investment opportunities and consider factors such as expected returns, risk, and the availability of financing before making investment decisions.

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Answer: True

Explanation:

Answer:

a

Explanation:

All of the following are true for those who are not responsible with credit EXCEPT  They charge fewer items or make the full payment each month.

This is the term that is used to refer to the fact that a person is able to get a way of paying for the goods and services that they make use of through the use of credit card that is issued to them by a credit facility.

The issue here is that the people that have a bad credit would have to be paying more in fees at the end of the day because it would keep piling. They would also have greater credit balance that they are to pay as well.

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Answer:

A journal entry was carried out for Moonlight Company for January 21, 2019, and is shown below in the explanation section

Explanation:

Solution

Given that:

Moonlight Company Journal Entries on January 21, 2019

JOURNAL ENTRY  

Date                Account name                    Debit         Credit

Jan. 21, 2019               Cash                       500  

     (Income statement -Bad debts recovered)              500

         (record the bad debts recovery from customer X)

The assumption of perfect competition includes the following: the demand curve facing the firm is perfectly elastic, firms in the market produce identical outputs, and the market consists of a large number of buyers and sellers.  
The assumption of barriers to entry into the market, however, is not part of the model of perfect competition.

In perfect competition, there are no barriers to entry, meaning that new firms can enter the market freely.
This condition ensures that there is no monopoly power and that firms cannot control the market price.
With the absence of barriers to entry, new firms can enter the market to compete with existing firms, which promotes competition and prevents any single firm from having a significant influence on the market.

Therefore, the correct answer is: there are barriers to entry into the market. This assumption is not part of the model of perfect competition, as perfect competition assumes free entry and exit of firms in the market.
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Answer:

a mutul fund

A mutual fund is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt. The combined holdings of the mutual fund are known as its portfolio. Investors buy shares in mutual funds.

Explanation:

have a great day ahead ":)

Answer:

a mutul fund

Explanation:

Answer: When they begin to get trades beyond how their previous annual turn over and international requests

Explanation:

Many businesses start from homes due to they can't afford to pay or rent a property yet while run their business. Businesses have different methods of operation, while some operate strickly domestically, others might want to either sell domestically too or do same alongside internationally.

A company can begin expanding or considering international trade on it's sales when they begin to receive large recommendation and request internationally.

The factors that might affect most cases always be fear and cost related. Fear of being kicked out of the market by competitors and cost in the sense of competitors beating his prices to give them a challenge.

Any firm should start consider expanding from domestic trade to international trade when its has already saturated the domestic market and needed to expand outside of the country for further growth opportunities.

Normally, a company can begin expanding its scale on international trade when they begin to receive large recommendation and request internationally.

Also, some of the factors that might affect them includes operation cost, trade barrier, competitors etc, in the international market etc

However, a firm should start consider expanding from domestic trade to international trade when its has already saturated the domestic market and needed to expand outside of the country for further growth opportunities.

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Master budget schedules answer several key questions for a company and may be prepared in any order. They are based on estimates and assumptions.

The master budget typically includes various schedules such as the sales budget, production budget, direct materials budget, direct labor budget, manufacturing overhead budget, selling and administrative expense budget, and cash budget.

These schedules provide a comprehensive overview of a company's expected financial performance and help in making strategic decisions. They assist in determining the projected sales, production levels, costs, and cash flows for a given period.

The master budget serves as a roadmap for the organization, guiding its operations, resource allocation, and financial planning.

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The implementation of a customer relationship management system can greatly improve the satisfaction of customers by providing a more in-depth understanding of the customer, improving customer service, enhancing sales and marketing efficiency, and streamlining internal communication processes.

A manufacturing firm should implement a customer relationship management (CRM) system to improve the satisfaction of its customers. A CRM system is a strategy for managing interactions with customers to enhance business relationships.

The system is mainly used to optimize customer interactions, analyze data about customers' history and preferences, and enhance the organization's customer service as a result.

It can also be used to drive better relationships with customers and thus improve customer loyalty.

The following are some of the benefits that a manufacturing firm can derive from implementing a customer relationship management (CRM) system:

1. A more in-depth understanding of the customer - A CRM system allows a manufacturing firm to track customer interactions and monitor purchasing habits, allowing them to analyze customer data and gain a better understanding of their target market's needs and expectations.

2. Improved customer service - With access to customer data, a manufacturing firm can provide personalized customer service, which can enhance customer satisfaction and loyalty.

3. Sales and marketing efficiency - A CRM system can help manufacturing firms manage their sales and marketing efforts by providing access to customer data, allowing them to target specific customer groups effectively.

4. Improved internal communication - A CRM system can help manufacturing firms streamline internal communication processes and improve collaboration among team members.

In summary, the implementation of a customer relationship management system can greatly improve the satisfaction of customers by providing a more in-depth understanding of the customer, improving customer service, enhancing sales and marketing efficiency, and streamlining internal communication processes.

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The journal entries to record the payment of $2,300 on February 2, 2021, by Extreme Fitness are given below: Account Titles/DebitCreditAccounts Receivable2,300Allowance for Doubtful Accounts2,300Total2,3002,300

When the payment of $2,300 is received on February 2, 2021, by Extreme Fitness from one of the customers whose balance had been written off, the journal entries to record this transaction are as follows: February 2, 2021:Accounts Receivable Debit $2,300 Allowance for Doubtful Accounts Credit $2,300After this transaction, the balance in the Accounts Receivable account will be ($980,000 – $28,000 + $2,300) = $954,300, and the balance in the Allowance for Doubtful Accounts account will be ($91,000 – $2,300) = $88,700.Extreme Fitness would record the receipt of $2,300 as a debit to Accounts Receivable and a credit to Allowance for Doubtful Accounts. This would update the balances in these two accounts. On February 2, 2021, after receipt of payment, the Accounts Receivable account would have a balance of $954,300 (($980,000 - $28,000) + $2,300)), and the Allowance for Doubtful Accounts account would have a balance of $88,700 ($91,000 - $2,300). Therefore, the journal entries are given as follows: Account Titles/ DebitCreditAccounts Receivable2,300Allowance for Doubtful Accounts2,300Total2,3002,300

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Answer:

Explanation:

Product vs Service Business

While it may seem to go against traditional thinking, in some ways there is very little difference between product based and service based companies. In actuality, both sell a product. The distinction between the two is that the product business sells a physical, tangible product, while the service business owner sells his skills as the primary product. In the service-based business, customers purchase the skills of a service provider or owner, such as a plumber or lawyer, This type of business has a strong emphasis on the client relationship and makes the customer's user experience very important. Product-based businesses, on the other hand, deliver physical products that are reasonably consistent in quality for each customer, making the customer experience fairly predictable.

Local or Global Consumer Markets

In general, when consumers are looking for new solutions they try to distinguish the different services/products of business and industry in the locality where they reside. As such, businesses need to target their product and service based businesses to the appropriate markets. Consumers located anywhere in the global market can purchase a product via the internet as long as they can have their purchase delivered locally and cost effectively. However, most service businesses can only provide services to customers within their local target market. For example, while a computer store can ship computers all over the world, a hairstylist will only attract clients within a reasonable driving distance from her home or business. As a result, businesses need to consider how their customer base will influence their marketing efforts.

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Strong financial knowledge and decision-making skills help people weigh options and make informed financial decisions, such as when and how to save and spend, comparing costs before making a large purchase, or other long-term goals.

Personal finance includes money management, saving, and investing. Budgeting, banking, insurance, mortgages, investments, retirement planning, tax planning, and estate planning are all covered. The term is frequently used to refer to the entire industry that provides financial services to individuals and families, as well as financial and investment advice.

Individual goals and desires, as well as a plan to meet those needs within your financial constraints, influence how you approach the items listed above. To make the most of your earnings and savings, you must become financially savvy—this will enable you to distinguish between good and bad advice and make sound financial decisions.

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Answer: first one

As for Mortgage Option 3, not only is the interest rate higher (4.0%), but the remaining balance that is not paid has to be paid off completely in 8 years. After the down payment, they would have a $1,605 monthly payment which includes the fixed interest rate of 4.25% as well. Due to the short payment time, a borrower has a risk of loosing their home and equity if the final payment is not able to be made. Mortgage Option 2 has the lowest interest rate (3.5%) but these rates could be adjusted annually. Even though the interest rate is the highest, they would be able to afford it. Not only are they able to make these payments, Tanya and Demarco would also have. approximately $3,395 left to spend from their monthly earnings too.

Explanation:

credit to mohammedalm2

Answer:

d. Minimize the number of times a product is handled

Explanation:

Material handling is the process by which products are passed from different stages of production and delivery before getting to the consumer.

Since material handling is an essential activity in production businesses plan to reduce cost on this activity.

The best way to reduce handling cost is to reduce the number of time a product needs to be handled.

That is reducing to the barest minimum the touch points in process like sorting, moving, preparing, and storing products

Answer: concept test

Explanation:

Based on the information given, we can infer that National Family Opinion (NFO) is conducting a concept test.

Concept testing is the process whereby surveys are used in the evaluation of the acceptance of a new product by the consumers before the product is introduced to the market.

Since the consumers are given a survey which contains different multiple-choice questions about their attitudes toward the new product,

Therefore, the correct option is B.

Option One (factoring without recourse): Journal entry: Cash: 280,500 Loss on Factoring: 13,200 Accounts Receivable: 330,000

1. If Blondie Fixtures chooses Option One to transfer $330,000 in accounts receivable to Dogwood Finance Company without recourse for a 4% fee, the necessary journal entry would be:
Accounts Receivable - $330,000
Factoring Fee Expense - $13,200
Cash - $315,600
To record the transfer of accounts receivable to Dogwood Finance Company without recourse for a 4% fee.

2. If Blondie Fixtures chooses Option Two to transfer the $330,000 in receivables to Dogwood with recourse, the necessary journal entry would be:
Accounts Receivable - $330,000
Factoring Fee Expense - $9,900
Recourse Liability - $2,300
Cash - $315,600
To record the transfer of accounts receivable to Dogwood Finance Company with recourse for a 3% fee and the estimated recourse liability.


The journal entry for Option One includes a debit to Accounts Receivable for $330,000 to remove the accounts receivable from Blondie Fixtures' books, a debit to Factoring Fee Expense for $13,200 (4% of $330,000) to record the factoring fee charged by Dogwood, and a credit to Cash for $315,600 (85% of $330,000). The credit to Cash represents the cash received by Blondie from Dogwood, less the factoring fee.

The journal entry for Option Two includes a debit to Accounts Receivable for $330,000 to remove the accounts receivable from Blondie Fixtures' books, a debit to Factoring Fee Expense for $9,900 (3% of $330,000) to record the factoring fee charged by Dogwood, a debit to Recourse Liability for $2,300 to record the estimated liability for recourse, and a credit to Cash for $315,600 (85% of $330,000). The credit to Cash represents the cash received by Blondie from Dogwood, less the factoring fee and estimated recourse liability.

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Revenue information disclosed in interim financial statements is relevant because it enhances the reliability and comparability of the financial information, as outlined in the fundamental qualitative characteristics of the Conceptual Framework.

Relevant financial information is essential for users of financial statements to make informed decisions. Revenue is a crucial element in evaluating an organization's financial performance and future prospects.

By disclosing revenue information in interim financial statements, users can assess the entity's ability to generate income and its overall financial health during the reporting period. This information enables stakeholders to compare the organization's performance across different periods and make meaningful assessments of its growth and profitability. The disclosure of revenue in interim financial statements also promotes consistency and comparability with the annual financial statements, allowing users to analyze trends and changes in revenue over time. Ultimately, the disclosure of revenue information in interim financial statements supports the decision-making needs of users and enhances the overall usefulness of financial reporting.

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