Price discrimination and welfare Suppose Clomper's is a monopolist that manufactures and sells Stompers, an extremely trendy shoe brand with no close substitutes. The following graph shows the market demand and marginal revenue (MR) curves Clomper's faces, as well as its marginal cost (MC), which is constant at $50 per pair of Stompers. For simplicity, assume that fixed costs are equal to zero; this, combined with the fact that Clomper's marginal cost is constant, means that its marginal cost curve is also equal to the average total cost (ATC) curve. First, suppose that Clomper's cannot price discriminate. That is, it must charge each consumer the same price for Stompers regardless of the consumer's willingness and ability to pay. On the following graph, use the black point (plus symbol) to indicate the profit-maximizing price and quantity. Next, use the purple points (diamond symbol) to shade the profit, the green points (triangle symbol) to shade the consumer surplus, and the black points (plus symbol) to shade the deadweight loss in this market without price discrimination. (Note: If you decide that consumer surplus, profit, or deadweight loss equals zero, indicate this by leaving that element in its original position on the palette.) Monopoly Outcome Consumer Surplus Profit Deadweight Loss 0 160 320 480 640 800 960 1120 1280 1440 1600 100 90 80 70 60 50 40 30 20 10 0 PRICE (Dollars per pair of Stompers) QUANTITY (Pairs of Stompers) Demand MC = ATC MR Suppose now that Clomper's is able to perfectly price discriminate—that is, it knows each consumer's willingness to pay for a pair of Stompers and is able to charge each consumer precisely that amount. On the following graph, use the black point (plus symbol) to indicate the profit-maximizing quantity sold and the lowest price at which the firm sells its boots. Next, use the purple points (diamond symbol) to shade the profit, the green points (triangle symbol) to shade the consumer surplus, and the black points (plus symbol) to shade the deadweight loss in this market with perfect price discrimination. (Note: If you decide that consumer surplus, profit, or deadweight loss equals zero, indicate this by leaving that element in its original position on the palette.) Monopoly Outcome Profit Consumer Surplus Deadweight Loss 0 160 320 480 640 800 960 1120 1280 1440 1600 100 90 80 70 60 50 40 30 20 10 0 PRICE (Dollars per pair of Stompers) QUANTITY (Pairs of Stompers) Demand MC = ATC Consider the welfare effects when the industry operates under a monopoly and cannot price discriminate versus when it can price discriminate. Complete the following table by indicating under which market conditions each of the statements is true. (Note: If the statement isn't true for either single-price monopolies or perfect price discrimination, leave the entire row unchecked.) Check all that apply. Statement Single-price Monopoly Perfect Price Discrimination Clomper's produces the efficient quantity of Stompers. Total surplus is not maximized. There is no deadweight loss associated with the profit-maximizing output.
Answers
Consumers pay a price that is higher than the marginal cost of producing Stompers. Clomper's produces a quantity of Stompers that is too low.
A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute.
Perfect price discrimination is a monopolistic condition when the company divides the market into individual consumers and charges each one prices that they are willing and able to pay.
The total surplus in a market is a measure of the total wellbeing of all participants in a market. It is the sum of consumer surplus and producer surplus. Consumer surplus is the difference between willingness to pay for a good and the price that consumers actually pay for it.
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Related Questions
Some of the risks and pitfalls of implementing a multisource feedback include:
Stock value may drop
Negative feedback may hurt employees’ feelings
Raters may be overloaded
All of the above
Answers
A risk and pitfall of implementing a multisource feedback is that C. Raters may be overloaded .
What is multisource feedback ?Multisource feedback ( also known as 360 - degree feedback ) is a type of feedback on employees where information on those employees is gathered from multiple sources such as their colleagues, managers, and subordinates .
The major risk or pitfall with this type of feedback system is that the raters could get overwhelmed by the sheer amount of information they have to sift through from all those different sources of information on employees.
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You are now 50 years old and plan to retire at age 65. You currently have an equity portfolio worth €150 000, an a pension plan worth €250 000 and a money market account worth €50,000. Your equity portfolio is expected to provide you annual returns of 12 per cent, your pension plan will earn you 9.5 per cent annually and the money market account earns 5.25 per cent, compounded monthly.
Money Market Account
Current value of portfolio: $50,000.00
Expected return on portfolio: 5.25%
Years to retirement: 15
Frequency of compounding: 12
Expected value of portfolio at age 65?
Answers
The expected value of the money market account at age 65 is €105,750. To calculate the expected value of the money market account at age 65, we can use the formula for compound interest:
What are in market accounts?A money market account is a type of interest-bearing account available at banks and credit unions. They are comparable to savings accounts, but they also have certain checking account functions. Money market accounts should not be confused with money market mutual funds, which are not deposit accounts.
A = P(1 + r/n)^(n*t)
where:
A = the expected value of the money market account at age 65
P = the current value of the money market account, which is €50,000
r = the annual interest rate, which is 5.25%
n = the number of times the interest is compounded per year, which is 12
t = the number of years until retirement, which is 15
Substituting these values, we get:
A = 50000(1 + 0.0525/12)^(12*15)
A = 50000(1.004375)^180
A = 50000(2.115)
A = €105,750
Therefore, the expected value of the money market account at age 65 is €105,750.
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PLEASE ANSWER ASAP: I NEED HELP
PLEASE DO NOT JUST ANSWER FOR THE POINTS, PLEASE ACTUALLY HELP!!!!!
Answers
The true about retirement savings withheld from employee paychecks. Workers don't have to pay taxes on it until they make account withdrawals, allowing for potential tax savings and the opportunity for the savings to grow over time. Option D.
Retirement savings withheld from employee paychecks typically refers to contributions made to retirement plans such as 401(k) or Individual
Retirement Accounts (IRAs). These contributions are deducted from an employee's paycheck before taxes are applied, which means they are made with pre-tax dollars. As a result, the contributions reduce the employee's taxable income in the year they are made, potentially lowering their overall tax liability.
The tax advantage of retirement savings withholding allows individuals to defer taxes on the contributed amount and any investment gains until they withdraw funds from their retirement accounts in the future.
This deferral allows the savings to potentially grow and compound over time without being taxed annually, providing a tax-efficient way to save for retirement.
It's important to note that option A, which suggests that retirement savings are always matched by the employer, is not universally true. While many employers offer matching contributions as part of their retirement benefits package, not all employers provide a dollar-for-dollar match.
The matching policy can vary widely, ranging from a percentage match to no match at all.
Option B, suggesting that the money withheld is not needed for retirement living expenses, is a generalization and may not hold true for all individuals. Retirement savings are intended to be used for future retirement expenses, and the amount needed will vary depending on an individual's retirement goals, lifestyle, and other factors.
Option C, stating that retirement savings withheld from paychecks is another way of making employers rich, is an oversimplification and does not accurately represent the purpose and nature of retirement savings. Retirement savings are primarily designed to help individuals build financial security and support themselves during their retirement years. Option D is correct.
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The ICD-10-CM Index and Tabular List contains:
a. anatomic sites with four cellular classifications: malignant, benign, uncertain behavior, and unspecified nature
b. secondary codes that capture the cause, intent, place, activity, and status surrounding an injury or illness
c. specific illnesses, injuries, eponyms, abbreviations, and other descriptive diagnostic terms
d. a chronological list of codes compiled in 21 chapters based on body system or condition
Answers
Option D is correct
The index of ICD-10 CM contains alphabetical list of terms and corresponding values.Cooper Realty is a small real estate company located in Albany, New York, that specializes primarily in residential listings. The company recently became interested in determining the likelihood of one of its listings being sold within a certain number of days. An analysis of company sales of 800 homes in previous years produced the following data.
Days Listed Until Sold
Under 30 31–90 Over 90 Total
Initial Asking Price
Under $150,000 50 40 10 100
$150,000–$199,999 20 150 80 250
$200,000–$250,000 20 280 100 400
Over $250,000 10 30 10 50
Total 100 500 200 800
(a) If A is defined as the event that a home is listed for more than 90 days before being sold, estimate the probability of A. If required, round your answer to two decimal places.
(b) If B is defined as the event that the initial asking price is under $150,000, estimate the probability of B. If required, round your answer to three decimal places.
(c) What is the probability of A ∩ B? If required, round your answer to four decimal places.
(d) Assuming that a contract was just signed to list a home with an initial asking price of less than $150,000, what is the probability that the home will take Cooper Realty more than 90 days to sell? If required, round your answer to two decimal places.
(e) Are events A and B independent?
Answers
Answer: The answers are given below
Explanation:
The following analysis can be derived from the question:
(a) If A is defined as the event that a home is listed for more than 90 days before being sold, estimate the probability of A. If required, round your answer to two decimal places.
Probability of A will be:
P(A) = 200 / 800
= 1/4
= 0.25
(b) If B is defined as the event that the initial asking price is under $150,000, estimate the probability of B. If required, round your answer to three decimal places.
Probability of B will be:
P(B) = 100 / 800
= 1/8
= 0.125
(c) What is the probability of A ∩ B? If required, round your answer to four decimal places.
The probability of A ∩ B will be that a home is listed for above 90 days and that the initial asking price is also under $150,000. Therefore,
P( A ∩ B) = 10 / 800
= 1/80
= 0.0125
(d) Assuming that a contract was just signed to list a home with an initial asking price of less than $150,000, what is the probability that the home will take Cooper Realty more than 90 days to sell? If required, round your answer to two decimal places.
This will be the probability that a home is listed for more than 90 days based on the condition that the initial asking price of the home is under $150,000. Therefore,
P ( A | B ) = P( A ∩ B) ÷ P(B)
= 0.0125 / 0.125
= 0.1
(e) Are events A and B independent?
No. Events A and B are not independent. This is because P(A) is not equal to P(A|B).
Answer:
The company recently became interested in determining the likelihood of one of its listings being sold within a certain number of days. An analysis of company sales of 870 homes in previous years produced the following data.
Explanation:
help ASAP help ASAP help ASAP
Answers
Answer:marketing
Explanation:this is because restaurants spend millions of dollars on billboards and commercials
It could be any of them. If its a buffet probably food. But if its a sit-in order restaurant its probably marketing costs (ads) or labor.
6. The company paid $900 cash toward accounts payable.
Answers
do you have any clue some story do that question has a story sorry for the disturb but this is compusing
Discusses the effective and ethical use of graphics. Write at least two paragraphs explaining this section. Include specific examples.
Answers
Many accept morals for graphicsought to be founded on help, and that aiding others is something to be thankful for to do. With information and admittance to devices that can coordinate individuals' considerations and activities.
Design ethics assist with deciding elements that should be in items and administrations or highlights that should not be. Plan morals help with surveying the moral importance or moral worth of the items that outcome from the action of planning. For example, Signal is a solid telephone and courier application explicitly intended to safeguard its client's security.
The best ethical design practice is foster plans that mainly gather individual data that is to the greatest advantage of the clients.
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Entries for bonds payable and installment note transactions
The following transactions were completed by Winklevoss Inc., whose fiscal year is the calendar year:
2016
July 1. Issued $74,000,000 of 20-year, 11% callable bonds dated July 1, 2016, at a market (effective rate of 13%, receiving cash of $63,532,267. Interest is payable semiannually on December 31 and June 30.
Oct. 1. Borrowed $200,000 by issuing a six-year, 6% installment note to Nicks Bank. The note requires annual payments of $40,673, with the first payment occurring on September 30, 2017.
Dec. 31. Accrued $3,000 of interest on the installment note. The interest is payable on the date of the next installment note payment.
31. Paid the semi-annual interest on the bonds. The bond discount amortization of $261,693 is combined with the semi-annual interest payment.
31. Closed the interest expense account.
2017
June 30. Paid the semi-annual interest on the bonds. The bond discount amortization of $261,693 is combined with the semi-annual interest payment.
Sept. 30. Paid the annual payment on the note, which consisted of interest of $12,000 and principal of $28,673.
Dec. 31. Accrued $2,570 of interest on the installment note. The interest is payable on the dat of the next installment note payment.
31. Paid the semi-annual interest on the bonds. The bond discount amortization of $261,693 is combined with the semi-annual interest payment.
31. Closed the interest expense account.
2018
June 30. Recorded the redemption of the bonds, which were called at 98. The balance in the bond discount account is $9,420,961 after payment of interest and amortization of discount have been recorded. (Record the redemption only).
Sept. 30. Paid the second annual payment on the note, which consisted of interest of $10,280 and principal of $30,393.
Instructions:
1. Journalize the entries to record the foregoing transactions.
2. Indicate the amount of the interest expense in (a) 2016 and (b) 2017.
Answers
Answer:
Winklevoss Inc.
Journal Entries:
2016
July 1. Debit Cash $63,532,267
Debit Bonds Discount $10,467,733
Credit 11% Callable Bonds Payable $74,000,000
To record the issuance of 20-year, 11% callable bonds dated
Oct. 1. Debit Cash $200,000
Credit 6% Installment Note Payable (Nicks Bank) $200,000
To record the issuance of a six-year, 6% installment note.
Dec. 31. Debit Interest Expense $3,000
Credit Interest Expense Payable $3,000
To accrue interest for 3 months.
Dec. 31. Debit Interest Expense on Bonds $4,331,693
Credit Bond discount amortization $261,693
Credit Cash $4,070,000
To record the first semiannual interest payment.
Dec. 31. Debit Income Summary $4,334,693
Credit Interest Expense $4,334,693
To close the expense accounts.
2017
June 30. Debit Interest Expense on Bonds $4,331,693
Credit Bond discount amortization $261,693
Credit Cash $4,070,000
To record the second semiannual interest payment.
Sept. 30. Debit 6% Installment Notes Payable $28,673
Debit Interest Expense $9,000
Debit Interest Expense Payable $3,000
Credit Cash $40,673
To record installment payment, including interest.
Dec. 31. Debit Interest Expense $2,570
Credit Interest Expense Payable $2,570
To accrue interest.
Dec. 31. Debit Interest Expense on Bonds $4,331,693
Credit Bond discount amortization $261,693
CreditCash $4,070,000
To record semiannual interest payment.
Dec. 31. Debit Income Summary $4,334,263
Credit Interest Expense $4,334,263
To close the interest expense account.
2018
June 30. Debit 11% Callable Bonds Payable $74,000,000
Credit Bond Discount $1,480,000
Credit Cash $72,520,000
To record the bond redemption only.
Sept. 30. Debit 6% Installment Notes Payable $30,393
Debit Interest Expense $7,710
Debit Interest Expense Payable $2,570
Credit Cash $40,673
To record the second annual payment on the note, which consisted of interest of $10,280 and principal of $30,393.
Explanation:
a) Data and Analysis:
2016
July 1. Cash $63,532,267 Bonds Discount $10,467,733 11% Callable Bonds Payable $74,000,000 issue of 20-year, 11% callable bonds dated
July 1, 2016, at a market (effective rate of 13%, receiving cash of . Interest is payable semiannually on December 31 and June 30.
Oct. 1. Cash $200,000 6% Installment Note Payable (Nicks Bank) $200,000
issuance of a six-year, 6% installment note to . The note requires annual payments of $40,673, with the first payment occurring on September 30,
2017.
Dec. 31. Interest Expense $3,000 Interest Expense Payable $3,000
Dec. 31. Interest Expense on Bonds $4,331,693 Bond discount amortization $261,693 Cash $4,070,000
Dec. 31. Income Summary $4,334,693 Interest Expense $4,334,693
2017
June 30. Interest Expense on Bonds $4,331,693 Bond discount amortization $261,693 Cash $4,070,000
Sept. 30. 6% Installment Notes Payable $28,673 Interest Expense $9,000 Interest Expense Payable $3,000 Cash $40,673
Dec. 31. Interest Expense $2,570 Interest Expense Payable $2,570
Dec. 31. Interest Expense on Bonds $4,331,693 Bond discount amortization $261,693 Cash $4,070,000
Dec. 31. Income Summary $4,334,263 Interest Expense $4,334,263
2018
June 30. 11% Callable Bonds Payable $74,000,000 Bond Discount $1,480,000 Cash $72,520,000 To record the bond redemption only.
Sept. 30. 6% Installment Notes Payable $30,393 Interest Expense $7,710 Interest Expense Payable $2,570 Cash $40,673
the second annual payment on the note, which consisted of interest of $10,280 and principal of $30,393.
give at least 2 diffrences of entrepreneurs and intrapreneurs."
Answers
Answer:
The main difference between an entrepreneur and intrapreneur is that an intrapreneur is already an employee of an existing organization or buissness, while the entrepreneur creates and oversees a new organization or buissness. Another difference is when an entrepreneur introduces an idea, they are usually introducing a new idea that doesnt already exist or belong to a company. an intrapreneur on the other hand promotes an idea innovation within the already existing company. Also, an intrapreneur is usually an "inside entrepreneur" within an inside co. while an entrepreneur is typically in a larger firm.
Explanation:
I hope this helps have a great day:)
Explain why domestic trade is important to the economy
Answers
Answer: The importance of domestic trade in a country is that it facilitates exchange of goods within the country. ... By allowing all different types of goods and services to reach to all parts of the country it improves the standard of living of the residents of the country as well as the employment rate of the country.
Explanation: Please mark me brainliest! Have a great day!!!
Summarize chaleff’s courageous followership? I need help!!
Answers
Chaleff's courageous followership emphasizes the importance of active and engaged followers who possess the courage to speak up, take initiative, act ethically, and influence their leaders and organizations positively.
Chaleff's courageous followership is a concept that highlights the significance of followers who possess the courage and willingness to actively engage in their roles and influence their leaders and organizations in a positive manner. It challenges the traditional notion that followers should simply obey and conform to their leaders without question.
According to Chaleff, courageous followership involves followers who are willing to speak up, take initiative, and provide constructive feedback to their leaders. These followers are not afraid to express their opinions, voice concerns, and offer alternative viewpoints, even when it goes against the prevailing norms or authority. They understand that their active participation is crucial for the success and growth of the organization.
Courageous followers also exhibit ethical behavior and take responsibility for their actions. They hold themselves accountable for their decisions and actions, aligning their behaviors with their values and the organization's values. They are willing to stand up against unethical practices and unethical leadership when necessary, with the aim of promoting integrity and ethical decision-making within the organization.
Chaleff's courageous followership promotes a collaborative and mutually beneficial relationship between leaders and followers. It encourages leaders to create an environment where followers feel safe and empowered to express their ideas and concerns. By fostering open communication and embracing diverse perspectives, leaders can tap into the full potential of their followers and create a culture of innovation and adaptability.
In summary, Chaleff's courageous followership emphasizes the importance of active and engaged followers who possess the courage to speak up, take initiative, act ethically, and influence their leaders and organizations positively. It advocates for a dynamic and collaborative relationship between leaders and followers, ultimately aiming to enhance organizational effectiveness, ethical decision-making, and overall success.
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Which of the following forms of sex-related conduct does each of the example represent ?
Answers
Sexual Harassment is a behavior. It is defined as unwelcome behavior of a sexual nature.
The variety of behaviours that people, creatures, systems, and artificial things exhibit in a given context is referred to as behaviour. These systems may consist of both the inanimate physical world and other systems or species.
Behaviour is an individual's actions. It is what a person does to bring about, bring about change, or to maintain the status quo. Behaviour is a reaction to internal events, such as thoughts and feelings. externally: the surrounding area, which includes other people.
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Which is traded in a currency exchange market?
Which is traded in a currency exchange market?
A) foreign money
B) unprocessed foods
C) shares in corporation
D) treasuries
Answers
hope this helps :)
________ reflects the link between consumers’ demand for a company’s product and the company’s purchase of necessary inputs to manufacture or assemble that particular product.
Answers
Derived demand reflects the link between consumers’ demand for a company’s product and the company’s purchase of necessary inputs to manufacture or assemble that particular product.
In economics, derived demand is the desire for a product or service that develops as a result of the need for a comparable or unrelated good or service. When there is a market for both the associated items and services in question, there is a demand for some tangible or intangible product or service. The market price of the derived product might be significantly impacted by derived demand.
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Accumulated depreciation
A.) Increase Liabilities
B.) Increase assets
C.) Decreases assets
D.) decreases liabilities
Answers
what is market structure
Answers
Answer:
it ishow firms are differentiated and categorised based on types of goods they sell and how the operations are affected by external forces and elements
Explanation:
it makes it easier to understand the characteristics of diverse markets
The production planner for Fine Coffees, Inc. produces two coffee blends: American (A) and British (B). Two of his resources are constrained:
Columbia beans, of which he can get at most 300 pounds (4,800 ounces) per week; and Dominican beans, of which he can get at most 200 pounds (3,200 ounces) per week.
Each pound of American blend coffee requires 12 ounces of Colombian beans and 4 ounces of Dominican beans, while a pound of British blend coffee uses 8 ounces of each type of bean.
Profits for the American blend are $2.00 per pound, and profits for the British blend are $1.00 per pound.
What is the objective function?
A. $1 A + $2 B = Z
B. $12 A + $8 B = Z
C. $2 A + $1 B = Z
D. $8 A + $12 B = Z
E. $4 A + $8 B = Z
Answers
Answer:
C. $2 A + $1 B = Z
Explanation:
Profits for American Blend: 2$ per pound
Profits for British Blend: 1$ per pound
If A is the quantity of American Blend in pounds and B is the quantity of British Blend in pounds, the Total Profit Z = 2A + 1B (This has to be maximized)
#hi makenzie thomas this is the owner of Brainly we or taking away some of your coins because of the inappropriate language and offensive cheating you have been using
:Thank You
Answers
Answer:
girl yk you aint nobodies owner
Explanation:
Six friends had lunch together and decided to split the bill evenly if the bill was $48.60 what was each person‘s share
Answers
Answer:
about $8.10 per person being paid
Answer:
The amount of the bill = 48.60 or 48.6 dollars
The total no. of friends = 6
Therefore, each person's share = 48.6÷6
= 8.1 dollars
Answer: Each person has to pay 8..1 dollars
Which part of your uniform must be worn at all times (select all that
apply)?
Badge
Branded polo shirts
Branded shorts or pants
Closed-toed footwear
Answers
Explanation:
closed-toed footwear.
Type the correct answer in the box. Spell all words correctly.
Information systems can provide summary data, but the functionality of accounting technology is able to improve upon that in what way?
the _____ capabilities of accounting technology enable the identification of trends and patterns in large volumes of data.
Answers
The data mining capabilities of accounting technology enable the identification of trends and patterns in large volumes of data.
The often challenging process of analysing large amounts of data to find information that might assist businesses in making wise decisions about their operations, such as hidden patterns, correlations, market trends, and customer preferences, is known as big data analytics.
Organisations can analyse data sets and gain new insights using data analytics technology and processes. Basic inquiries regarding business performance and operations are addressed by business intelligence (BI) queries.
Advanced analytics, which includes aspects like predictive models, statistical algorithms, and what-if analysis powered by analytics systems, is a subset of big data analytics.
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Managers are strictly required to properly understand the role of Information Systems in their organization. Failure to do so might have adversary effects on the existence of their organization. In relation to role of IS in organization, there are practical examples where IS has created a situation to replace roles organizations have assumed for years in Ethiopian business environment. Mention at least two organizations IN Ethiopia whose role has been replaced/ threatened by IS.
Answers
Answer:
Explanation: the most which is
Maintaining a what of all data allows tracking changes
Answers
Answer:
A database maybe ?
Explanation:
A company has a capital project with before-tax cash inflows in real dollars that are expected to be $200,000 within 2 years. The inflation rate is expected to be 6% each year during that period. What is the before-tax cash inflow expressed in nominal dollars
Answers
The before-tax cash inflow expressed in nominal dollars is $224,720
Using this formula
Before-tax cash inflow=Before-tax cash inflows in real dollars*(1+Inflation rate)*(1+Inflation rate)
Let plug in the formula
Before-tax cash inflow=$200,000*(1+.06)*(1+0.06)
Before-tax cash inflow=$200,000*1.06*1.06
Before-tax cash inflow=$212,000*1.06
Before-tax cash inflow=$224,720
Inconclusion the before-tax cash inflow expressed in nominal dollars is $224,720
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a machine that cost 220000 has an estimated residual value of 22000 and an estimated useful life of four years. the company uses double declining balance depreciation. calculate its book value at the end of year 3.
Answers
Answer:
the book value at the end of year 3 would be $27,500.
Explanation:
Match each word or phrase with the best description of it.
a. Allows multiple users to access the system at the same time.
b. Enables the tracking of all transactions.
c. Identifies suspicious transactions or likely mistakes such as wrong account numbers or duplicate transactions.
d. Large-scale computer systems that integrate all aspects of the organization including accounting, sales, human resource management, and manufacturing.
e. System for companies with revenues of less than $5 million and up to 20 employees.
1. Entry-level software
2. Network-compatible
3. Audit trail
4. Enterprise resource planning. systems
5. Internal control
Answers
Answer:
a. Network-compatible
b. Audit trail
c. Internal control
d. Enterprise resource planning systems
e. Entry-level software
Explanation:
a. Network-compatible means the capacity for two systems to work together.
b. An audit trail is a system that tracks transactions in an accounting record.
c. Internal control is a process that checks an organization's financial reporting.
d. Enterprise resource planning systems are one type of software used to manage everyday business.
e. Entry-level software is one of the cheapest products offered that has standard accounting functions, such as accounts payable and financial reporting.
In repetitive operations it is often possible to automatically check for quality and then reject parts that are unacceptable.
Answers
M&M's Proposition II suggests that in a world of no taxes and no bankruptcy, ________. A. in simple terms, as the firm adds more debt to the financing mix, the shareholders require a higher and higher return on equity such that it exactly offsets the use of the cheaper debt B. no matter what the debtequity ratio is, the Ra or WACC of the firm increases with debt C. the value of the firm is sensitive to the funding choice between debt and equity D. Statements A, B, and C are all incorrect.
Answers
Answer:
A
Explanation:
Greenwood Company manufactures two products—13,000 units of Product Y and 5,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products Y and Z:
Activity Cost Pool Activity Measure Estimated Overhead Cost Expected Activity
Machining Machine-hours $ 228,000 12,000 MHs
Machine setups Number of setups $ 40,000 100 setups
Production design Number of products $ 74,000 2 products
General factory Direct labor-hours $ 288,000 12,000 DLHs
Activity Measure Product Y Product Z
Machining 7,000 5,000
Number of setups 40 60
Number of products 1 1
Direct labor-hours 7,000 5,000
Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z? (Round your intermediate calculations and final answers to 2 decimal places.)
Answers
Answer:
Product Y 58%
Product Z 42%
Explanation:
Calculation for the percentage of the General Factory cost is assigned to Product Y and Product Z
First step is to find the General factory activity rate
General factory activity rate =$ 288,000/12,000DLHs
General factory activity rate= 24.00
Second step is to Compute Overhead allocation: for Product Y and Product Z
Overhead
Product Y(7,000*24.00) 168,000
Product Z(5,000*24) 120,000
Total 288,000
Last step is to Compute the percentage of the General Factory cost is assigned to Product Y and Product Z
Overhead Percentage of total
Product Y 168,000/288,000
Product Y=0.58*100
Product Y =58%
Product Z 120,000/288,000
Product Z=0.42*100
Product Z=42%
Therefore the percentage of the General Factory cost assigned to Product Y is 58% and Product Z is 42%