The three things Niccolo can do to better train decision makers are Illustrate the power of feedback in content decision making, as well as emphasize the value of “Responding to Agile Manifesto changes.
Another thing Niccolo can do is explain the benefits of releasing at the end of the program increment.
Therefore, through these actions, Niccolo will help to incorporate an organizational attitude focused on compliance, process transparency and adaptation to the rapid environmental changes that impact the progress of a project.
Feedback generates greater decentralization of decision making, empowers and integrates the team, while the concepts of the agile manifesto make decision making more creative, faster and more focused on results.
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A company had net income of $216,841. Depreciation expense was $28,774. During the year, accounts receivable and inventory increased by $14,088 and $27,397, respectively. Prepaid expenses and accounts payable decreased by $1,485 and $4,297, respectively. There was also a loss on the sale of equipment of $6,914. How much was the net cash flow from operating activities on the statement of cash flows using the indirect method
Answer:
$208,232.00
Explanation:
The net cash provided by operating activities is the net income for the year plus depreciation expense, minus the increase in accounts receivable, inventory and the decrease the accounts payable , plus the decrease in prepaid expenses as well as the loss on disposal of equipment.
Net cash provided by operating activities=$216,841+$28,774-$14,088-$27,397+$1,485-$4,297+$6,914
=$ 208,232.00
The amount of cash provided by operating activities is $208,232.00
Stella, a sales executive at a restaurant, is writing a persuasive message to attract new customers. Which sentence would make a good hook?
A.
There's a 10 percent discount on the buffet items.
B.
Please try the chef's special salad.
C.
Get ready for a magical dining experience!
D.
You'll be talking about our deals for weeks.
In a case whereby Stella, a sales executive at a restaurant, is writing a persuasive message to attract new customers, the sentence that would make a good hook is A.There's a 10 percent discount on the buffet items.
What is a hook statement?A hook can be descrtibed as the opening statement and in some cases it is been presented as the first sentence in an essay that attempts to grab the reader's attention to make them to flow or to read on.
It should be noted that It can be done by using a few different types of hooks, and these can be witj the use of question, quote, statistic, or anecdote.
Therefore, option A is correct.
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A P30,000, 10% bond with quarterly coupons is redeemed at 98% at the end of 15 years. Find the redemption value. (Note: Don't use comma in your answer)
Answer:
A P30,000, 10% bond with quarterly coupons is redeemed at 98% at the end of 15 years.
Explanation:
(Note: Don't use comma in your answer)er)
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Amazon is the dominant firm in the online shopping service industry, which has a total market demand given by Q = 100 – 2 P. Amazon has competition from a fringe of four small firms that produce where their individual marginal costs equal the market price. The fringe firms each have total costs given by TCi = 10 Qi + Q i 2. If Amazon’s total costs are given by TCA = 10 + 10 QA, , how much does the industry as a whole produce at this price?
The price that Amazon has to establish for their online shopping should be $20.
The Excel financial functions section includes the Price Function. It will determine the cost of a bond with a $100 face value that accrues interest on a recurring basis. The PRICE function in financial analysis can be helpful when we want to borrow money by selling bonds rather than stocks.
We have the price function as
P = 10 + 2Qi
Make Qi subject
= Qi = 0.5P - 5
4 firms with identical features
This would give us
Qs = 4Qi
Qs = 4(0.5P -5)
Qs = 2p - 20
Q = 100 - 2p
Qa = Q - Qs
(100 - 2P) - (2P -20)
Take like terms
100 - 2p - 2p + 20
100 - 4p + 20
Qa = 120 - 4p
Make p subject
p = 120 - Qa / 4
p = 30 - 0.25Qa
TRa = p*Qa
= (30 - 0.25Qa)Qa
= 30Qa - 0.25Qa²
MRa
= 30 - 0.5Qa
TCA = 10 + 10QA
= ΔTCA / ΔQA
= 10
30 - 0.5QA = 10
Take like terms
30 - 10 = 0.5Qa
divide through by 0.5
20/0.5 = Qa
40 = Qa
Output produced = 40.
We have P as
30 - 0.25QA
P = 30 - 0.25( *40)
= 20
Hence the price that Amazon has to establish for online shopping should be $20
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Economic demand is?
A. the amount of a good or service that consumers are willing and able to buy at one price.
B. the amount of a good or service that consumers are willing and able to buy at various prices.
C.the amount of a good or service that producers are willing and able to produce at various prices.
D. the amount of a good or service that consumers are willing but not able to buy at various prices.
Which of the following is correct?
The correct answer is B. Economic demand is the amount of a good or service that consumers are willing and able to buy at various prices.
It reflects the relationship between the price of a product and the quantity that consumers are willing to purchase at that price. Demand is influenced by factors such as price, consumer preferences, income levels, and availability of substitutes.
As the price of a product decreases, the quantity demanded generally increases, and vice versa, following the law of demand. The demand curve represents this relationship, showing the quantity of a good or service that consumers are willing and able to buy at different price points.
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Desiree Company's financial statements included the following amounts for the current year: Retired preferred stock $60,000 Loaned cash to key supplier 17,000 Dividends paid 23,000 Sold used delivery truck 44,000 Issued new bonds 71,000 Based on this information, what is the amount of net cash flows from financing activities
Answer:
$12,000 net outflow
Explanation:
Cash flows from financing activities
Particulars Amount
Retired preferred stock $(60,000)
Dividends paid $(23,000)
Issued new bonds $71,000
Cash flows from financing activities $(12,000)
So, the amount of net cash flows from financing activities is $12,000 net outflow.
Note: Loaned cash to key supplier 17,000 and Sold used delivery truck 44,000 are not part of cash flow from financing activities
Customers might sometimes describe contradictory needs
Customers might sometimes describe contradictory needs which means Option C. Customers sometimes describe needs that oppose each other.
When customers require two different things that cannot be addressed by the same product, it is referred to as a conflicting requirement. There are many reasons why customers may have conflicting needs. Some customers might have a requirement for a product to be both inexpensive and of high quality, for example. Others may desire a product that is both small and powerful. Customers may sometimes find it difficult to articulate what they want, which might result in vague descriptions.
This might make it more difficult for the supplier to provide a solution that satisfies the customer’s needs. Customer service staff must be trained to engage with customers and listen actively to their concerns. They must also be able to identify when there is a contradictory requirement and provide solutions that address the customer's needs in a way that satisfies the customer's expectations while also meeting the supplier's operational needs. Understanding customer needs is an important part of the customer service profession, and it may take some time and effort to develop the necessary skills.
Some customers are very detailed in describing their needs, which can be beneficial for suppliers because it allows them to provide an appropriate solution for the customer. Overall, being aware of conflicting customer requirements is essential in the customer service sector to provide an effective solution. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
Customers might sometimes describe contradictory needs.
A. A customer's needs can sometimes be confusing.
B. Customers might sometimes give vague descriptions.
C. Customers sometimes describe needs that oppose each other.
D. Some customers are extremely thorough in describing their needs.
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Joey has opened a restaurant. He paid a large amount of money up front to get the business started. He only sells products that are licensed by someone else. What type of business opportunity is Joey a part of?
Question 9 options:
1: Franchise
2: Dealership
3: Licensing
4: Network marketing
Answer:
Franchise
Explanation:
The answer is FRANCHISE
Raw material as an industrial material
Answer:
Raw materials are the input goods or inventory that a company needs to manufacture its products. Examples of raw materials include steel, oil, corn, grain, gasoline, lumber, forest resources, plastic, natural gas, coal, and minerals.
What is the main difference between commercial banks and investment banks?; What are two differences between banks and investment companies?; What is the difference between banking and investing?; Which is better stocks or savings account?
Commercial banks serve a wide range of clients, including the general public and businesses, by accepting deposits, disbursing loans, protecting assets, and working with them. On the other hand, investment banks offer services to big businesses and institutional investors.
Commercial banks serve a wide range of clients, including the general public and businesses, by accepting deposits, disbursing loans, protecting assets, and working with them. On the other hand, investment banks offer services to big businesses and institutional investors.
Commercial banks serve a wide range of clients, including the general public and businesses, by accepting deposits, disbursing loans, protecting assets, and working with them. On the other hand, investment banks offer services to big businesses and institutional investors.
Savings should be prioritized. Try to ensure that you have a separate, low-risk, low-return account that you may use to cover costs in the case of an unforeseen occurrence. This account should normally have enough money in it to cover at least three to six months' worth of living expenses. cleared up high-interest debt.
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Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $37,500; net cash used in investing activities was $13,800 and net cash used in financing activities was $17,700. If the beginning cash balance is $6,900, what is the ending cash balance?
a) $75,900.
b) $62,100.
c) $40,500.
d) $6,000.
$12,900.
Answer:
e. $12,900
Explanation:
Given that:
Net Cash provided by operating activities = $37,500
Net Cash used in investing activities = $13,800
Net Cash used in financing activities = $17,700
Beginning cash balance = $6,900
Stormer company's ending balance would be;
= Beginning cash balance + Net cash provided by operating activities - Net cash used in financing activities - Net cash used in investing activities
= $6,900 + $37,500 - $17,700 - $13,800
= $12,900
Polk Company manufactures basketballs.
Materials are added at the beginning of the production process and conversion costs are incurred uniformly.
Production and cost data for the month of July 2017 are as follows:
Production Data: Basketballs
Units Percent Complete
Work in process units, July 1 400 60%
Units started into production 1,090
Work in process units, July 31 540 40%
Cost Data: Basketballs
Work in process, July 1
Materials $760
Conversion costs 590
$1,350
Direct materials 2,630
Direct labor 1,590
Manufacturing overhead 1,110
Required:
1. Calculate the equivalent units of production for materials and conversion costs.
2. Calculate the unit costs of production for materials and conversion costs.
(Round unit costs to 3 decimal places)
3. Calculate the assignment of costs to units transferred out and in process at the end of the accounting period.
(Round answers to 0 decimal places)
4. Prepare a production cost report for the month of July for the basketballs.
(Round unit costs to 3 decimal places and all other answers to 0 decimal places)
Answer:
1. Material $1,490
Conversion $1,490
2. Material $1,490
Conversion $1,166
3.Cost of units transferred out $4,842
Cost of ending Work in process $1,838
4. $6,680
Explanation:
1.Computation of the Equivalent unit of production for material
Beginning Work In Process 400
Add Started during the year 1,090
Units to be accounted 1,490
Computation of the Equivalent unit of production for Conversion cost
Completed and transferred 950
(1,090+400 -540)
Add ending work in process 540
Units to be accounted for 1,490
2)Calculation for the unit costs of production for materials
Production units Materials
Completed& transferred 950 100% =950
Add Ending work in process 540 100%=540
Total 1,490 1,490
Calculation for the unit costs of production for conversion costs
Completed& transferred 950 100%=950
Add Ending work in process 540 40% =216
Total 1,490 1,166
3)Calculation for the assignment of costs to units transferred out and in process
Equivalent cost per unit Materials Conversion Cost Total
Beginning work in process
760 590 =1,350
Cost added during the year
2,630 2,700 =5,330
(1,590+1,110=2,700)
Total cost
3,390 3,290 6,680
÷Equivalent units of production 1,490 1,166
=Equivalent cost per unit
2.275 2.822
Cost of units transferred out=
950× (2.275+2.822)
Cost of units transferred out=950×5.097
Cost of units transferred out= 4,842
Cost of ending Work in process
Direct materials 540×2.275 =1,228
Conversion cost 216×2.822= 610
Total (1,228+610)= 1,838
4)Preparation of a production cost report for the month of July for the basketballs.
Production Cost Report
Direct Materials 1,350
Add cost added during the year 5,330
Cost to be accounted for 6,680
Cost to be accounted for
Cost transferred out 4,842
950× (2.275+2.822)
Add cost of ending WIP 1,838
Total 6,680
Analyze various methods of conducting Internet research.
1. Magda is on a wellness committee at her company. As a member of the committee, she is planning to give a presentation to her coworkers about the flu in
preparation for the upcoming cold and flu season. She wants to do some research on the history, diagnosis, and treatment of the flu.
a) Help her identify some effective keyword and Boolean search strategies by filling out the table below. (5 points)
Strategy What It Does Example
Quotation Marks
“flu vaccines”
Plus sign ( + )
flu+vaccine+history
Pipe symbol (|)
flu vaccine|antibiotics
OR
flu vaccine OR antibiotics
NOT
flu vaccine NOT availability
b) Magda was able to find the following sources when she searched "flu diagnosis" using her favorite search engine: Help her determine whether these sources are accurate, relevant, and valid by filling out the table below. (9 points)
Accurate? Relevant? Valid?
First website
Second website
Third website
Synthesize (16 points)
Apply methods of effective Internet search strategies.
Use your favorite search engine to research one of topics below.
• Renewable energy
• The Ebola virus
• The Human Genome Project
1. List the keywords you typed in to your search engine. Then list the first three results. (3 points)
2. Now, use a different search engine and type in the same keyword. Did you get the same results as your first search? List the first three results from this search. (3 points)
3. You would like to narrow your search on this topic.
a) You want to look for information on this topic's history, but you don't want to include any information that pre-dates 1975. What Boolean operator would you use? (2 points)
b) You want to look up information on this topic as it relates to the U.S. government. What Boolean operator would you use? (2 points)
4. From all of your cumulative search results, list three reliable sources that you've found.
a) Cite these sources in MLA format. (3 points)
b) How can you confirm that these sites provide information that is accurate, relevant, and valid? (3 points)
An effective Boolean search strategy that Magda should adopt is the use of Boolean operators and emboldened keywords.
What is an Internet research?An Internet research can be defined as a reearch methodology that involves the use of information that obtained from the World Wide Web (WWW) to investigate, analyze and reach a logical conclusion on a subject matter (topic).
The various methods of conducting Internet research.Generally, there are different methods used by researchers to conduct an Internet research and these include:
Cyber-ethnography.Social network analysis.Online content analysis.Web-based experiments.Online interviews.Online questionnaires.Online qualitative research.In conclusion, an effective Boolean search strategy that Magda should adopt is the use of Boolean operators such as "Or" and "AND" so as to broaden the search results about flu.
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Which professional has helped Jennifer in this example?
Jennifer bought a new smart phone from a local store that sells electronic products. After a week, she started experiencing problems with the
phone's display screen. She went back to the store and spoke to its ___
representative, who replaced the product and
apologized for the inconvenience.
Answer:
would it be sales representative since they were only able to replace the device and apologize
Answer:
customer service
Explanation:
I'm smart and got it right on my test
Suppose that the production function is y= 9k^0.5 N^0.5. With this production function, the marginal product of labor is MPN= 4.5K^0.5 N^-0.5. The capital stock is K= 25. The labor supply curve is NS= 100[(1-t)w]^2, where w is the real wage rate, t is the tax rate on labor income, and hence (1-t)w is the after-tax real wage rate.c.Suppose that a minimum wage of w=2 is imposed. If the tax rate on labor income, t, equals zero, what are the resulting values of employment and the real wage? Does the introduction of the minimum wage increase the total income of workers, taken as a group?
The resulting values for employment and the real wage are 70.3125 and $1.5811 per hour, respectively.
The introduction of the minimum wage does not increase the total income of workers taken as a group.
How to determine employment and real wageTo find the resulting values of employment and real wage, determine where the labor supply curve intersects the labor demand curve.
MPN =
\(4.5K^0.5 N^-0.5 = (9K N)^0.5 / (2KN)^0.5 = (9/2)^0.5 (K/N)^0.5 = w/P
\)
where P is the price of output, which we can assume is equal to 1.
This equation can be rearranged to solve for N:
N =
\((9/2) (K/w)^2\)
Plugging in K = 25 and w = 2, we get:
N =
\((9/2) (25/2^2) = 70.3125\)
To find the real wage, we can plug this value of N into the labor supply curve:
NS =
\(100[(1-t)w]^2 = 100(1-0)(2)^2\)
= 400
Since labor supply exceeds labor demand, the real wage will be bid down to the equilibrium level.
\((9/2)^0.5 (K/N)^0.5 = w/P
(9/2)^0.5 (25/N)^0.5 = 1/2
N = (9/2) (25/2^2) = 70.3125
w = 2(70.3125/100)^0.5 = 1.5811\)
The equilibrium real wage is $1.5811 per hour.
To determine whether the introduction of the minimum wage increases the total income of workers,
Total income before minimum wage = wN = 1.5811 x 70.3125 = $111.31
After the minimum wage of $2 is imposed, the real wage is fixed at $2, and the level of employment is determined by the intersection of the labor supply and demand curves at this wage:
N =
\((9/2) (25/2^2) / (2)^2 = 35.15625\)
Total income after minimum wage = wN = 2 x 35.15625 = $70.31
Since the total income of workers decreases from $111.31 to $70.31 after the minimum wage is imposed, the introduction of the minimum wage does not increase the total income of workers taken as a group.
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Tax-Sheltered Returns. Ashley Travis, of Harrisburg, Illinois is in the 25 percent marginal tax bracket and is considering the tax consequences of investing $2,000 at the end of each year for 30 Years in a tax-sheltered retirement account, assuming that the investment earns 8 percent annually.
(A) How much will Ashley's account total over 30 years if growth in the investment remains sheltered from taxes?
(B) How much will the account total if the investments are not sheltered from taxes (Hint: Use Appendix A-3 or the Garman/Forgue companion website)
Ashley's account will total approximately $19,570.09 after 30 years if growth in the investment remains sheltered from taxes, and the investments are not sheltered from taxes is $12,225.87.
To calculate the total amount in Ashley's account after 30 years if growth in the investment remains sheltered from taxes, we can use the formula for compound interest;
A = P × \((1+r)^{n}\)
Where; A = Total amount in the account after n years
P = Initial investment amount ($2,000)
r = Annual interest rate (8% or 0.08)
n = Number of years (30)
Plugging in the values, we get;
A = $2,000 × (1 + 0.08)³⁰
Now, we can calculate the value of A;
A = $2,000 × (1.08)³⁰ ≈ $19,570.09
So, Ashley's account will total approximately $19,570.09 after 30 years if growth in the investment remains sheltered from taxes.
To calculate the total amount in Ashley's account after 30 years if the investments are not sheltered from taxes, we need to account for the taxes on the investment returns. Since Ashley is in the 25% marginal tax bracket, she will pay taxes on the investment returns at a rate of 25%.
Let's, calculate the annual compounded interest on the investment without considering taxes;
Annual interest without taxes = P × r
Annual interest without taxes = $2,000 × 0.08 = $160
Calculate the taxes on the annual interest at a rate of 25%:
Taxes on annual interest = Annual interest without taxes × Tax rate
Taxes on annual interest = $160 × 0.25 = $40
Therefore, Net annual interest = Annual interest without taxes - Taxes on annual interest
Net annual interest = $160 - $40 = $120
Calculate the total amount in the account after 30 years with taxes using the net annual interest;
Total amount with taxes =\((P+ Net annualinterest)^{n}\)
Total amount with taxes = ($2,000 + $120)³⁰
Using a calculator, we can calculate the value of the total amount with taxes;
Total amount with taxes = ($2,000 + $120)³⁰ ≈ $12,225.87
So, Ashley's account will total approximately $12,225.87 after 30 years if the investments are not sheltered from taxes.
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If a person spends $20 a week on coffee (assume $1,000 a year), what would be the future value of that amount over 10 years if the funds were deposited in an account earning 4 percent?
Answer:
he future value of that amount over 10 years is $12,006.11.
Explanation:
The Future Value, FV of the Fund is calculated as follows :
Pv = $0
Pmt = -$1,000
P/yr = 1
N = 10
r = 4%
Fv = ?
Using a Financial Calculator, the Future Value, FV is $12,006.11.
Trespass to land is committed if, without the permission of the property owner, a person
a. has a revocable license to come onto the property.
O b. all of the choices.
c. enters the property to assist someone in danger.
O d. causes water to back up onto the property.
We are to explain what trespass to land meant.
Trespass to land is committed if, without the permission of the property owner, a person "causes water to back up onto the property"
Trespass to land is a punishable offence under the law. An individual must not go beyond the boundary or limit of his own property. There shouldn't be any form of interference in the property of someone else.
For instance, a person goes to another person's compound to plant vegetable has trespassed except if he or she is given the permission to do so.
Therefore,
Trespass to land is committed if, without the permission of the property owner, a person "causes water to back up onto the property"
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Complete the fish-bone chart by matching each number in the chart with the corresponding reason.
LOADING... Click the icon to view the partially completed fish-bone chart.
Number
Reason
I
▼
II
▼
Traffic jam
Flat tire
Speeding - got stopped
Can't find keys
III
▼
Traffic jam
Can't find keys
Flat tire
Speeding - got stopped
IV
▼
"What might explain why so many companies say that ideally they would use ABC, but they haven't adopted it yet
Answer:
The answer is "The system ABC takes time from other value-added activities without any compensation benefits".
Explanation:
In the given question the choices are missing so, the correct answer to this question can be defined as follows:
The time-based system industry pricing takes full advantage of the specifics of exchanges from the ERP systems available. Alterations throughout commodity and process efficiency in ABC systems were also easier to modify, that's why its system takes some time from several other value-added actions with no corrective benefits.Rupali’s financial advisor tells her that she needs a personal balance sheet. Rupali has no idea what this is. What should the financial advisor tell her about a personal balance sheet?
a) Her bank can print one out for her if she requests it.
b) Emergency expenses are listed at the top of this document.
c) It ultimately will show her what her net worth totals.
d) It describes her cash flow situation over the past few months.
Answer:
d) It describes her cash flow situation over the past few months.
Explanation:
Balance sheet is a statement of account of an individual, which showcases the cash flow situation of that particular individual. That is, the debt and the credit associated with the bank account statement of the individual in question.
It is used to keep track of the financial growth and net-worth which helps in making a balanced decision. In her case, assuming she is applying for a loan, the cash flow situation of hers would enable the financial advisor in a bank to be clear on the actual amount she could eligible to get as a loan.
Answer:
It ultimately will show her what her net worth totals.
Explanation:
Correct for Gradpoint
In your opinion, what are the main challenges that our country is facing? And what are the possible smart solutions recommended?
Answer:
Can you please tell me what country it is
MBSC has noticed several new trends in strength and
conditioning. Often, MSBC has implemented the trend
before clients even have a chance to ask about it. This
demonstrates which advantage of small business?
Oa. Ability to adapt to change
Ob. Independence
Oc. Simplified record keeping
Od. Personal relationships with customers and employees
Due to a lack of government regulation, a sole proprietorship is the simplest type of business to establish or dissolve. As a result, these types of businesses are extremely popular among sole proprietors, individual self-contractors, and consultants.
MSBC has implemented the trend before clients even have a chance to ask about it. This demonstrates Ability to adapt to change.
Why is sole proprietorship the easiest business?Due to a lack of government regulation, a sole proprietorship is the simplest type of business to establish or dissolve. As a result, these types of businesses are extremely popular among sole proprietors, individual self-contractors, and consultants.The legal control over a business is referred to as business ownership. It gives the owner the legal authority to direct business operations and transactions. There are six major business ownership structures, which are as follows: Single-person businesses. Partnerships.Risk and reward - A sole proprietor has complete control over their company's profits and losses. Control - A sole proprietorship's rights and responsibilities are solely with its owner. Without prior permission, no one else may interfere with a sole proprietor's business activities.To learn more about : proprietorship
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how are emailed cover letters different from paper cover letters? why is there a diffrence?
Answer: The email app is shaped as if the app is a mail paper but different because it’s an APP, when you open it’s a list and it shows the profile picture of the person who emailed.
Explanation: The is simply because it’s the internet.
Answer: its D (formal cover letter)
Explanation:
on edge
Consider the economies of Hermes and Gobbledigook, both of which produce gaggles of gop using only tools and workers. Suppose that, during the course of 50 years, the level of physical capital per worker rises by 5 tools per worker in each economy, but the size of each labor force remains the same.
Complete the following tables by entering productivity (in terms of output per worker) for each economy in 2014 and 2034.
Year
Hermes
Physical Capital Labor Force Output Productivity
(Tools per worker) (Workers) (Gaggles of gop) (Gaggles per worker)
2014 11 30 3,000
2034 15 30 3,600
Year
Gobbledigook
Physical Capital Labor Force Output Productivity
(Tools per worker) (Workers) (Gaggles of gop) (Gaggles per worker)
2014 8 30 2,400
2034 12 30 3,600
Initially, the number of tools per worker was higher in Hermes than in Gobbledigook. From 2014 to 2034, capital per worker rises by 4 units in each country. The 4-unit change in capital per worker causes productivity in Hermes to rise by a (larger or smaller)?? amount than productivity in Gobbledigook. This illustrates the concept of (brain drain or increasing return or inward oriented growth or diminishing returns or constant return?)??? , which makes it (easier or more difficult ??) for countries with low output to catch up to those with higher output.
The productivity (in terms of output per worker) of the economies of Hermes and Gobbledigook can be computed as follows:
1. Hermes
Physical Capital Labor Force Output Productivity
Year (Tools per worker) (Workers) (Gaggles (Gaggles per
of gop) worker)
2014 11 30 3,000 100 (3,000/30)
2034 15 30 3,600 120 (3,600/30)
2. Gobbledigook
Physical Capital Labor Force Output Productivity
Year (Tools per worker) (Workers) (Gaggles (Gaggles per
of gop) worker)
2014 8 30 2,400 80 (2,400/30)
2034 12 30 3,600 120 (3,600/30)
3. The 4-unit change in capital per worker causes the productivity in Hermes to rise by a smaller amount (20%) than the productivity in Gobbledigook (50%). This illustrates the concept of diminishing returns, which makes it easier for countries with low output to catch up to those with higher output.
What is the law of diminishing marginal returns?The law of diminishing returns states that a developed nation's growth rates tend to slow as the economy matures, enabling developing nations to catch up with the former's growth.
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A firm’s accounting profit is equal to
The total revenue less all explicit costs, including depreciation, is the accounting profit. Economic profit is calculated by deducting entire costs from the total revenue or return of a business or investment.
What is accounting?
Accounting is the organized, consistent recording, reporting, and comprehension of a business's financial activity.
Subtracting explicit costs from total revenues yields accounting profit. Total revenues minus both explicit and implicit costs equals economic profit.
Explicit costs are expenses incurred directly by a company, such as payments for goods, rent, or labor and salaries. Accounting profit exceeds economic profit, assuming that implicit costs are positive.
As a result, a firm’s accounting profit is equal to total revenue minus explicit costs.
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Direct labor variances
Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $20.00 per hour. 15,800 units used 63,300 hours at an hourly rate of $19.80 per hour.
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.
Open spreadsheet
What is the direct labor (a) rate variance, (b) time variance, and (c) cost variance? Round your answers to the nearest dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
a. Direct labor rate variance $fill in the blank 2
b. Direct labor time variance $fill in the blank 4
c. Direct labor cost variance $fill in the blank 6
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Unfavorable variances can be thought of as increasing costs (a debit). Favorable variances can be thought of as decreasing costs (a credit).
The labor cost variance is the difference between the actual and standard labor cost.
The direct labor rate variance is -$12,660 Favorable, time variance is $318,000 Unfavorable and cost variance is:$305,340 Unfavorable.
Direct labor rate variance
(a) Rate variance = Actual hours × ( Standard rate - Actual rate)
Rate variance= 63,300 × ( $20- $19.80)
Rate variance= -$12,660 Favorable
(b)Time variance = Standard rate × ( Standard hours - Actual hours)
Time variance= $20 × ( 3 × 15,800 - 63,300)
Time variance= $20 ×15,900
Time variance=$318,000 Unfavorable
(c)Cost variance = Time variance - rate variance
Cost variance=-$12,660+$318,000
Cost variance=$305,340 Unfavorable
Inconclusion the direct labor rate variance is -$12,660 Favorable, time variance is $318,000 Unfavorable and cost variance is:$305,340 Unfavorable.
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As you learned in the video, there is no specific age requirement to pay taxes.
Why, then, do you think there is a lack of awareness and general knowledge
about taxes among teens?
There could be several reasons why there is a lack of awareness and general knowledge about taxes among teens. One reason could be that taxes are not typically taught in schools, especially at the high school level. Another reason could be that teens may not have had any experience with earning income or paying taxes yet, so they may not see the relevance of learning about taxes. Additionally, taxes can be a complex and confusing topic, which can make it difficult for anyone, including teens, to understand. Finally, some teens may simply not be interested in learning about taxes until they are required to file their own tax returns.
One reason why there might be a lack of awareness and general knowledge about taxes among teens is that tax education is not typically taught in schools. Many schools do not offer personal finance or economics courses, and even when they do, the focus is often on basic concepts like budgeting and saving rather than complex topics like tax laws and regulations.
Another reason could be that teens may not have started earning enough income to be required to file taxes. As a result, they may not see taxes as relevant to their lives, and may not take the initiative to learn about the subject.
Additionally, the tax code can be complex and difficult to understand, even for adults. This complexity can make it challenging for teenagers to learn about taxes on their own, especially if they do not have access to resources like tax professionals or online educational materials.
Which economic system allows for private ownership of property and resources?
Question 1 options:
Free Market
Command
Traditional
Restrictive
The economic system that allows for private ownership of property and resources is the Free Market system.
What is difference between free market system and traditional system ?
"Free market", "traditional", and "restrictive" are three different terms that describe different economic systems or policies.
A free market system is an economic system in which the prices of goods and services are determined by supply and demand without significant government intervention. In a free market, individuals and businesses have the freedom to own and control property, resources, and means of production, and are free to produce, sell, and consume goods and services as they see fit.
A traditional economic system is an economic system that relies on customs, traditions, and beliefs to allocate resources and determine economic activity. In a traditional economy, production and distribution of goods and services is based on inherited customs and traditions, with little room for innovation or change.
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Two real estate companies, Century 21 and RE/MAX, compete with one another in a local market. The manager of the Century 21 office would like to advertise that homes listed with RE/MAX average more than 10 days on the market when compared to homes listed with his company. The following data shows the sample size and average number of days on the market
for the two companies along with the population standard deviations.
Sample mean
Sample size
Population standard deviation
Century 21
122 davs
36
32 davs
REMMAX
144 davs
30
35 davs If Population 1 is defined as RE/MAX and Population 2 is defined as Century 21, and using a =
0.10, the critical value for this hypothesis test would be
A) 1.28
B) 1.645
C) 1.96
D) 2.33
For this hypothesis test, the critical value would be 1.28.
Early types of hypothesis testing were utilised in the 1700s, while the practise gained popularity in the early 20th century. In order to analyze the human sex ratio at birth, Pierre-Simon Laplace (1770s) is credited with using the method initially, followed by John Arbuthnot (1710).
While Jerzy Neyman and Egon Pearson (the father of Karl Pearson) invented the hypothesis test, Ronald Fisher ("null hypothesis," "analysis of variance," "significance test"), William Sealy Gosset ("Student's t-distribution"), and Karl Pearson ("p-value," "Pearson's chi-squared test," and "significance test") are largely credited with the invention of modern significance testing.
Initially a Bayesian in statistics (Zabell 1992), Ronald Fisher soon became weary of the subjectivity involved and set out to create a more "objective" approach to inductive reasoning.
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