Sharon is a skilled toy maker who is able to produce both trucks and puzzles. She has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of her time.
Choice Hours Producing Produced
(Trucks) (Puzzles) (Trucks) (Puzzles)
A 8 0 4 0
B 6 2 3 11
C 4 4 2 16
D 2 6 1 19
E 0 8 0 20
Required:
1. Suppose Sharon is currently using combination D, producing one truck per day. Her opportunity cost of producing a second truck per day is _________ per day.2. Now, suppose Sharon is currently using combination C, producing two trucks per day. Her opportunity cost of producing a third truck per day is_________ per day.

Answers

Answer 1

Answer:

1. Opportunity Cost of 2nd truck from 1st Truck = 1T : 3P

2. Opportunity Cost of 3rd truck from 2nd truck = 1T : 5P

Explanation:

Choice                             Hours Producing                          Produced

                                         (Trucks) (Puzzles)                     (Trucks) (Puzzles)

A                                              8          0                                    4          0

B                                               6          2                                   3          11

C                                               4          4                                  2           16

D                                               2          6                                  1            19

E                                                0          8                                 0           20

Opportunity Cost is the cost of a good sacrifised to achieve additional unit of other good.

From point D ( 1 truck) to point C ( 2nd truck ), opportunity cost in terms of puzzles sacrifised is 19 - 16 = 3. So, opportunity cost is    1T : 3P From point C ( 2 trucks ) to point D (3rd truck ), opportunity cost in terms of puzzles sacrifised is 16 - 11 = 5. So, opportunity cost is    1T : 5P
Answer 2

Sharon's opportunity cost of producing a second truck per day is 3 puzzles, and that of producing a third truck per day is 5 puzzles.

1) Since Sharon is currently using combination D, producing one truck per day. Her opportunity cost of producing a second truck per day is 3 puzzles per day.

This is so because by producing 2 trucks, she has the capacity to produce 16 puzzles, while by producing just 1 truck, she can produce 19 puzzles (19-16 = 3).

2) Given that Sharon is currently using C, producing two trucks per day. Her opportunity cost of producing a third truck per day is 5 puzzles per day.

This is so because by producing 3 trucks, she has the capacity to produce 11 puzzles, while by producing 2 trucks, she can produce 16 puzzles (16-11 = 5).

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Related Questions

True or False: Evaluation of a Request for proposal is based solely on price.

Answers

Answer:

false.

Explanation:

u help me i help you

This statement is false because there are many factors to be considered except price while evaluating the proposal.

What factors should keep in mind while evaluating a proposal?

Evaluation of a proposal measures the progress of the condition between the project started and when the project was completed. To decide how many changes are required to make it successful.

there are many factors to keep in mind while evaluating a proposal are

Price of the projectCustomer review and preferenceThe competitive environmentThe uniqueness of the proposal

Therefore this statement is false.

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Sunland Corporation sells three different models of a mosquito “zapper.” Model A12 sells for $47 and has unit variable costs of $32.90. Model B22 sells for $94 and has unit variable costs of $65.80. Model C124 sells for $376 and has unit variable costs of $282. The sales mix (as a percentage of total units) of the three models is A12, 60%; B22, 15%; and C124, 25%.

If the company has fixed costs of $267,806, how many units of each model must the company sell in order to break even? (Round Per unit values to 2 decimal palces, e.g. 15.25 and final answers to 0 decimal places, e.g. 5,275.)

Sunland Corporation sells three different models of a mosquito zapper. Model A12 sells for $47 and has

Answers

Answer:

A12 = 7,400 units * 60% = 4,440 units

B22 = 7,400 units * 15% = 1,110 units

C124 = 7,400 units * 25% = 1,850 units

7,400 units

Explanation:

Calculation of breakeven point :-

Total breakeven point :-

Total fixed costs / weighted average unit contribution margin

= $267,806 / $36.19

= 7,400 units

Model breakeven point :-

total breakeven point* sales mix

A12 = 7,400 units * 60% = 4,440 units

B22 = 7,400 units * 15% = 1,110 units

C124 = 7,400 units * 25% = 1,850 units

Sunland Corporation sells three different models of a mosquito zapper. Model A12 sells for $47 and has

The weighted average contribution margin for Sunland Corporation's mosquito zapper models is 46.3%, calculated by taking the sales mix of each model into account. This figure indicates the proportion of each dollar of sales that contributes to covering fixed costs and generating profit.

The weighted average contribution margin is crucial for determining the company's profitability and making informed decisions about product mix and pricing strategies.

It reflects the overall efficiency of production and the ability to cover fixed expenses. By understanding the contribution margin for each model and their respective sales mix, Sunland Corporation can optimize its product offerings, focus on high-margin models, and allocate resources effectively to maximize profitability.

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If unit 1 requires 200 hours to produce and the labor records for an Air Force contract of 50 units indicates an average labor content of 63.1 hours per unit, what was the learning rate? What total additional number of labor-hours would be required for a follow-on Air Force contract of 50 units? What would be the average labor content of this second contract? Of both contracts combined? If labor costs the vendor $10/hour on this second contract and the price to the Air Force is fixed at $550 each, what can you say about the profitability of the first and second contracts, and hence the bidding process in general?

Answers

Answer:

Answer is explained in the explanation section below.

Explanation:

Solution:

We are given that, it takes 200 hours to produce unit 1.

And we also know that the average time taken to produce the first 50 units, it takes 63.1 hours per unit.

Total Time Taken for first 50 units will be:

63.1 x 50 = 3,155 hours.

Now, if we calculate the cumulative time taken to produce first 50 units with respect to time taken to unit 1, we get:

\(\frac{3,155}{200}\) = 15.78

So, now we can check the learning rate from the cumulative learning curve values table for 50 units and corresponding 15.78 value, we get 75%.

So, Learning rate is 75% for first 50 units production.

Now, for the second contract, total number of units to be produced are 100 units. So, again, with the help of cumulative learning curve values table, we can check the amount of cumulative time taken with respect to the production time of first unit against the learning rate of 75%.

Check the 100 units value in the 75% column, we get  24.18

So, now we can calculate the total time taken to produce 100 units:

24.18 x 100 = 4836 hours.

Now, the extra time required for the second 50 units production is the difference between the total time of 100 units and first 50 units.

4836 - 3155 = 1681 hours

From this value, we can calculate the average amount labor content per unit taken for the second contract.

1681/50 = 33.62 hours/unit.

And Combined Average amount of both contracts will be:

4836/100 = 48.36 hours/unit.

Cost Calculation:

With the help of above values, we can calculate the total cost of both the projects.

Second Contract Total cost = 1681 x $10 = $16810

Similarly for Contract one = 3155 x $10 = $31,550

Now,

Profit from the Second Contract:

($550 x 50) - $16,810 = $10,690

Similarly, for the first contract:

 ($550 x 50) - $31,550 = -$4,050 (Loss)

Hence, we can see the profits from the second contract is higher and it is feasible to fix the labor cost of first contract at:

\(\frac{550 . 50}{3155}\) = $8.71/hr to escape from the losses of the first contract.

Please answer this macroeconomis numerical

Please answer this macroeconomis numerical

Answers

If the supply of labor is fixed at 95, the equilibrium real wage rate will be:

Real Wage = Nominal Wage / P

= $10 / $2.00

= $5.00

What is  equilibrium?

Equilibrium refers to a state of balance or stability in a system where there is no tendency for change.

At equilibrium, the price and quantity of the good or service are determined, and there is no incentive for producers or consumers to change their behavior.

In the above case, if the supply of labor is fixed at 95, the equilibrium real wage rate will be $5.00

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A large city has been financing all of its services through property taxes and sales taxes. As the cost of services has been increasing, the city has found it necessary to raise its tax rates. A special commission appointed by the mayor suggests that it would be possible to reduce the property tax rate by charging residents a monthly fee to cover the costs of collecting and disposing of trash and garbage. The mayor likes the suggestion and wants to run the sanitation activity like a commercial business. Describe the fund accounting implications of adopting that suggestion.

Answers

Based on the fact that the mayor wants the new fund and sanitation activity to be run like a commercial business, the accounting implications are that accrual based accounting will have to be adopted.

What are the fund accounting implications?

The fact that the new fund would make revenue based on monthly fees that are charged to residents for collecting and disposing trash and garbage means that this is an Enterprise fund. This is a kind of fund that collects fees for the government to enable it to provide a service.

Enterprise funds are treated as separate accounting entities from other activities of the government because the funds in them are solely for a certain service that the government should provide. As a result, these funds use accrual based accounting which is what the city would need to start using as opposed to the modified accrual accounting system that it was using.

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blank be chartered by an appropriate governmental body to exist.

Answers

Answer:

A charter is a legal document that formally establishes a corporate entity. Charters are issued by national or provincial governments.

Explanation:

The incorporator oversees setting up the company, prepares and files the charter, and supervises the creation of other corporate documents.  The business may also propose an amended charter if the number of directors changes, the board members themselves change, or the corporation moves its primary location.

Different compounding periods, are used for different types of investments. In order to properly compare investments or loans with different compounding periods, we need to put them on a common basis. In order to do this, you need to understand the difference between the nominal interest rate (INOM) and the effective annual rate (EAR). The _________ interest rate is quoted by borrowers and lenders, and it is also called the annual percentage rate (APR). If the compounding periods for different securities is the same, then you _______ use the APR for comparison. If the securities have different compounding periods, then the Iper must be used for comparison.

Answers

Answer:

*Nominal Interest Rate

*Can

*EAR

*Annual

*Higher

Explanation:

Here is the complete question;

Different compounding periods, are used for different types of investments. In order to properly compare investments or loans with different compounding periods, we need to put them on a common basis. In order to do this, you need to understand the difference between the nominal interest rate (INOM) and the effective annual rate (EAR). The__________ interest rate is quoted by borrowers and lenders, and it is also called the annual percentage rate (APR). If the compounding periods for different securities is the same, then you____________ use the APR for comparison. If the securities have different compounding periods, then the____________ must be used for comparison. Here, M is the number of compounding periods per year and INOM/M is equal to the periodic rate (IPER). If a loan or investment uses___________ compounding, then the nominal interest rate is also its effective annual rate. However, if compounding occurs more than once a year, EAR is___________ INOM. Quantitative Problem: Bank 1 lends funds at a nominal rate of 6% with payments to be made semiannually. Bank 2 requires payments to be made quarterly. If Bank 2 would like to charge the same effective annual rate as Bank 1, what nominal interest rate will they charge their customers? Round your answer to three decimal places. Do not round intermediate calculations.__________ %

Different compounding periods, are used for different types of investments. In order to properly compare investments or loans with different compounding periods, we need to put them on a common basis. In order to do this, you need to understand the difference between the nominal interest rate (INOM) and the effective annual rate (EAR). The____Nominal______ interest rate is quoted by borrowers and lenders, and it is also called the annual percentage rate (APR). If the compounding periods for different securities is the same, then you_____can_______ use the APR for comparison. If the securities have different compounding periods, then the_______EAR_____ must be used for comparison. Here, M is the number of compounding periods per year and INOM/M is equal to the periodic rate (IPER). If a loan or investment uses____annual______ compounding, then the nominal interest rate is also its effective annual rate. However, if compounding occurs more than once a year, EAR is______higher_____ INOM. Quantitative Problem: Bank 1 lends funds at a nominal rate of 6% with payments to be made semiannually. Bank 2 requires payments to be made quarterly. If Bank 2 would like to charge the same effective annual rate as Bank 1, what nominal interest rate will they charge their customers? Round your answer to three decimal places. Do not round intermediate calculations.__________ %

CALCULATION PART

what nominal interest rate will they charge their customers?

Effective annual rate= (1+nominal rate/n)^n -1)

n= compounding period

Effective annual rate=[(1+0.06/2)^2 -1]

[(1+0.06/2)^2 -1]

= (1+0.03)^2 -1

=1.0609-1

=0.0609

= 6.09%

They will charge it 6.09%

There are four quarter in a year which means n=4

Let the nominal rate = x

Using the effective annual rate formula

0.0609=[ (1+x/4)^4 -1]

0.0609+1= (1+x/4)^4

(1.0609)^1/4 = 1+x/4

1.01489= 1+x/4

1.01489-1= x/4

x= 0.01489×4

x= 0.05956×100

x= 5.956%

Hence, effective annual rate for the both banks is 6.09%

While nominal annual rate for bank2 is 5.956%

,

Cosi Company uses a job order costing system and allocates its overhead on the basis of direct labor costs. Cosi expects to incur $800,000 of overhead during the next period, and expects to use 50,000 labor hours at a cost of $10.00 per hour. What is Cosi Company's predetermined overhead rate?

Answers

Answer:

160%

Explanation:

From the question above Cosi company is expected to incur $800,000 of overhead during the next period.

They are also expected to use 50,000 labor hours at a cost of $10 per hour

The first step is to find the estimated direct labor costs

= 50,000 × $10

= $500,000

Estimated direct labor cost= $500,000

The next step is to find the estimated overhead rate

Estimated overhead rate= Estimated overhead/Estimated direct labor costs

= 800,000/500,000

= 1.6 × 100

= 160%

Hence the predetermined overhead rate for Cosi company is 160%

HELP PLEASE!

Which of the following is NOT an example of
when people talk about taking out a loan?
A. Borrowing money from a bank to buy a car.
B. Getting a five year loan to purchase a car.
C. Any kind of bill that is paid in full each month.
D. Borrowing money and agreeing to pay back a little each month.

Answers

Answer: C.

Explanation: When you pay any bill, you don't borrow money, you give your own money to the company or whoever you are giving the money to.

Find the duration of a bond with settlement date June 11, 2018, and maturity date December 15, 2027. The coupon rate of the bond is 4%, and the bond pays coupons semiannually. The bond is selling at a yield to maturity of 5%.

Answers

Answer:

The duration of a bond is 7 years and 7 months.

Explanation:

The settlement date is the date that the bond transaction is concluded, the date that the buyer must pay for the bond and the seller must deliver the asset.

The maturity date is the date where the seller will receive an amount equal to the principle or nominal amount of the bond.

Thus, the duration of the bond is the period between the settlement date (June 11, 2018) and the maturity date (December 15, 2027).

The period is 7 years and 7 months

What force have caused cost and management accounting system designed decade's ago to become less relevance and less valuable for organizational employee's in today's global competitive environment.

Answers

Answer with its Explanation:

The forces that had lessened the importance of the cost and management accounting systems in today's dynamic world are as under:

The ancient bookkeeping and the costing techniques were very time consuming and the accounting systems were also not integrated with the financial accounting systems. Today we have very robust and integrated systems which helps the management of the business operations nation wide with greater security and better performance than the previous old versions.The complexity of the organization operations have resulted in origination of additional management accounting techniques that were adapted in the form of automated software, that are used to produce management reports on daily, weekly, monthly and yearly basis. The examples include the Throughput costing, Activity based costing, Bench-marking techniques, etc.The activities automation has led to attaining of maximum efficiency possible in some areas which wasn't possible in the past. The robots management systems, activity automation, etc has increased the fixed cost share in the total cost and the variable cost has become a very minute share of the total cost of the activity. This variable cost which is often referred to as controllable cost, is very less in percentage share of total cost today than 10 years back. In the future, we will see it as a very very very small share of total cost. This makes the today's management costing techniques obsolete and requires new solutions, new techniques, new softwares, etc. to manage the companies operations.

your company will need a business plan in order to do what?
A. Increase revenue.
B. Identify an opportunity.
C. Pay taxes.
D. Get funding.

Answers

Answer: D. Get Funding

Explantion: You company will need a business plant in order to get funding because you'd need to present your investors with the future of your business and what it's there to do. I also happened to take the assessment and it was marked correctly.

I hope this helped!

Good luck <3

Your company will need a business plan in order to get funding. Hence, the correct answer is option D.

What is a business plan?

A business plan is a formal document that outlines a company's goals, strategies, and projected outcomes. One of the primary reasons for creating a business plan is to secure funding from investors or financial institutions. By presenting a well-written and comprehensive business plan, a company can demonstrate its viability and potential for success, which can increase its chances of obtaining the necessary funding to start or grow the business.

While a business plan can help a company increase revenue and identify opportunities, those outcomes are not the primary purpose of a business plan. Paying taxes is a legal requirement for all companies, but a business plan is not directly related to tax obligations.

Therefore, a company will need a business plan in order to get funding. Hence, the correct answer is option D.

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Buchanan Company recently was sued by a competitor for patent infringement. Attorneys have determined that it is probable that Buchanan will lose the case and that a reasonable estimate of damages to be paid by Buchanan is $300,000. In light of this case, Buchanan is considering establishing a $100,000 self-insurance allowance. What entry(ies), if any, should Buchanan record to recognize this loss contingency

Answers

Answer: Debit: Litigation expense $300,000

Credit: Litigation liability $300,000

Explanation:

Loss contingency is typically a charge to expense for a future occurence in this case, a lawsuit. A loss contingency simply makes the economic entity to be aware at an early stage of the loss and its likely financial implication.

The entries that Buchanan should record to recognize this loss contingency will be to:

Debit: Litigation expense $300,000

Credit: Litigation liability $300,000

The lengths of service of all the executives employed by Standard Chemicals are:

Name Years
Mr. Snow 20
Ms. Tolson 22
Mr. Kraft 26
Ms. Irwin 24
Mr. Jones 28

(a) Using the combination formula, how many samples of size 2 are possible?
(b) List all possible samples of 2 executives from the population and compute their means.
(c) Organize the means into a sampling distribution.
(d) Compare the population mean and the mean of the sample means.

Answers

Solution :

a). There are total 5 executives. Therefore the possible sample size of 2 is

\($^nC_r=\frac{n!}{r!(n-r)!}$\)

\($^5C_2=\frac{5!}{2!(5-2)!}$\)

      \($=\frac{5!}{2! \ 3!}$\)

     = 10

So, there are 10 possible ways for selection of sample size of 2.

b).

     Sample          Samples of service length            Sample mean

Snow, Tolson               20, 22                                    (20+22)/2 = 21  

Snow, Kraft                   20, 26                                         23

Snow, Irwin                   20, 24                                         22

Snow, Jones                 20, 28                                         24

Tolson, Kraft                 22, 26                                         24

Tolson, Irwin                 22, 24                                         23

Tolson, Jones               22, 28                                         25

Kraft, Irwin                     26, 24                                         25

Kraft, Jones                   26, 28                                         27

Irwin,Jones                    24, 28                                         26

c). The mean and the standard deviation of the means of the sampling distribution is given by :

\($\bar{X}= \sum_{i-1}^{10}\frac{\bar{x}_i}{n}$\)

   \($=\frac{21+23+22+24+24+23+25+25+27+26}{10}$\)

   \($=\frac{240}{10} $\)  

  = 24

The variance of the sample means :

\($S^2=\frac{1}{n}\sum_{i-1}^{10}\left(\bar x_i - \bar X \right)^2$\)

   \($=\frac{1}{10}\sum_{i-1}^{10}\left(\bar x_i - 24 \right)^2$\)

  \($=\frac{1}{10}\times(30)$\)

  = 3

Therefore the standard  deviation of the sample means is

\($S=\sqrt{variance}$\)

  \($=\sqrt3$\)

  = 1.732

d). The population means is given by:

\($\mu =\frac{20+22+26+24+28}{5}$\)

  \($=\frac{120}{5}$\)

  = 24

Therefore, we can say that the mean of the sample means is a point estimate of the population mean.

An example of an investing activity on a statement of cash flows is:
Multiple Choice
Paying wages of employees.
Withdrawals by the owner
Purchase of land.
Selling inventory.
Contribution from owner.

Answers

An example of an investing activity on a statement of cash flows is Purchase of land.

Which of the following actions falls under the category of investing?

Long-term investments, long-term purchases, taking notes payable, lending loans, and a select few other investments aside from cash and cash equivalents are all included in investing operations.

What exactly is a financial activity?

In accounting, the term "investing activities" refers to the acquisition and disposal of long-term assets as well as other corporate investments over a certain reporting period. The reported investing activities of a company provide information on the total investment gains and losses it incurred over a specific time period.

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Exercise 4
The Kay Company has the following Capital structure as at 31st March, 2019.
Based on Book Value Based on Market Value % Costs
Debentures 300,000 330,000 7
Preference 100,000 110,000 9
Equity 1,500,000 1,700,000 15
Debt 200,000 180,000 10
Required:
Determine the Weighted Average cost of capital using:
a) Book Value weights
b) Market Value weights
c) What are the factors affecting Cost of Capital?

Answers

Answer:

The Kay Company

Weighted Average Cost of Capital:

a) using the book value weights = 13.1%

b) using the market value weights = 13.2%

c) Some of the factors that affect the Cost of Capital include market opportunities, capital provider's preference, market risk, inflation, reserve policy, budget surplus and deficit, trade activity, foreign trade surpluses and deficits, country risk, and finally, but not the least important, exchange rate risk.

Explanation:

a) Data and Calculations:

Capital structure as at 31st March, 2019:

                                      Based on       Based on         % Costs

                                    Book Value     Market Value

Debentures                 300,000             330,000             7

Preference                   100,000               110,000             9

Equity                        1,500,000           1,700,000            15

Debt                            200,000              180,000            10

Total                         2,100,000          2,320,000

b) The WACC (Weighted Average Cost of Capital) is the cost of capital based on the relative weights of each capital class.

c) WACC based on the Book Value weights:

= 1,500,000/2,100,000 * 15% + 300,000/2,100,000 * 7% + 100,000/2,100,000 * 9% + 200,000/2,100,000 * 10%

= 0.107 + 0.01 + 0.004 + 0.01

= 0.131

= 13.1%

d) WACC based on the Market Value weights:

= 1,700,000/2,320,000 * 15% + 330,000/2,320,000 * 7% + 110,000/2,320,000 * 9% + 180,000/2,320,000 * 10%

= 0.11 + 0.01 + 0.004 + 0.008

= 0.132

= 13.2%

1. If you are attending a two-year school and plan to transfer to a four-year school, you should
O select only easy courses while you are at a two-year school.
O complete courses that may not transfer.
O transfer without any help from an adviser.
O choose your major early.

Answers

Answer:

Complete courses that may not transfer.

Explanation:

Transferring from a Two-Year College to a Four-Year College. If this is your plan, be sure that the classes you enroll in not only meet the requirements for your associate's degree but can also be put toward a bachelor's degree at the four-year colleges you're considering.

I may not be right but I tried.

Answer:

O select only easy courses while you are at a two-year school.

Explanation:

n order to help you answer this true/false statement, which words should be underlined?: Black cats can only be found in countries in Northern America. a. Only, in, Northern America c. Northern America b. Black cats, only, countries, Northern America d. Countries, Northern America Please select the best answer from the choices provided A B C D

Answers

Answer:

B. Black cats, only, countries, Northern America

Explanation:

Just took the test on Edg 2020

The words that need to be underlined includes Black cats, only, countries, Northern America.

What are the Underlined word?

The word are intended to be highlighted to make the reader understand whether the given statement is a true statement of not.

Hence, the words that need to be underlined includes Black cats, only, countries, Northern America.

Therefore, the Option B is correct.

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f the inflation rate was 2.60% and the nominal interest rate was 8.00% over the last year, what was the real rate of interest over the last year? Disregard cross-product terms; that is, if averaging is required, use the arithmetic average. Round intermediate calculations to four decimal places.

Answers

If the inflation rate was 2.60% and the nominal interest rate was 8.00% over the last year, the real rate of interest over the last year was 5.40%.

How to solve for the real rate of interest

To calculate the real rate of interest, we need to subtract the inflation rate from the nominal interest rate.

Real interest rate = Nominal interest rate - Inflation rate

Real interest rate = 8.00% - 2.60%

Real interest rate = 5.40%

Therefore, the real rate of interest over the last year was 5.40%.

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Short answers or long answers doesn't matter!

Short answers or long answers doesn't matter!

Answers

As hybrid work spreads out, workplace collaboration keeps developing.

What  are the ways at collabratives ?

Although asynchronous (or asynchronous) and "same-time" (or synchronous) collaboration modes both have their uses in the hybrid workplace, companies and teams may favour one form over the other.

That's largely due to the fact that many firms have traditionally relied on in-person meetings or real-time collaboration, which has created a "same-time" bias even when new tools make it simple to collaborate across time zones and geographies.

The key to scaling cooperation and supporting employee welfare is selecting the appropriate approach and technology for the job at hand.

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Volatile price changes, technological changes, and government intervention are what type of risks?

Answers

Volatile price changes, technological changes, and government intervention are external risks that can impact a company's operations and performance.

What are Volatile price changes

Volatile price changes refer to fluctuations in input or product prices, which can affect profitability and cost structure. Technological changes can introduce advancements or disrupt an industry, requiring companies to adapt to avoid becoming obsolete.

Government intervention, through regulatory changes or policies, can create uncertainties and challenges for companies, affecting operations, costs, and market access.

To mitigate these risks, companies should implement risk management strategies such as diversification, contingency planning, staying informed about market trends, investing in R&D, and engaging with government stakeholders.

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Lala Company accounts for noncurrent assets using the cost model. On October 1, 2019, Lala classified a noncurrent asset held for sale. At that date, the asset’s carrying amount was P1,600,000, its fair value was estimated at P1,100,000 and the cost to sell at P100,000. On December 15, 2019, the asset was sold for net proceeds of P925,000. What amount should be included as an impairment loss in Lala’s statement of comprehensive income for the year ended December 31 ,2019?

Answers

Answer:

you add 1,600,000 + 1,100,000=2,700,000 - 100,000=2,600,000+925,000=                  your finally answer is 3,525,000

Explanation:

Answer:

3,525,000

Hope this helps! Good luck! :)

Reducing laws and rules businesses have to follow is an example of
Question 12 options:

comparative advantage

deregulation

production possibilities

regulation

Answers

Answer:comparative advantage

Explanation:

Deregulation can be defined as a process of reducing laws and rules business have to follow to conduct their regular business activities. Therefore, the option B holds true.

What is the significance of deregulation?

Deregulation can be referred to or considered as a process of lowering the number or amount of regulations that are applicable to be followed by a person governed under such regulations. These regulations are completely binding upon the person who is being governed.

For example, when a government authority reduces the laws and rules needed to be followed by enterprises in its economy, it can be said that the government is following the process of deregulation in its economy. Deregulation may be done to promote the conduct of business activities.

Therefore, the option B holds true and states regarding the significance of the process of deregulation.

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Suppose that you purchased your home in 2014 and believe that, based upon recent
comparable home sales in your vicinity, your home has a market value of $675,000. You
decide to put your home on the market for $720,000 to allow room for future negotiation
towards your desired selling price of $675,000. After several days, you receive a text
message from your broker informing you that prospective buyers have been balking at
making you an offer as they have seen that Zillow is valuing your house online for only
$600,000. Explain whether you have a right to sue Zillow and, if so, under what liability
law(s).

Answers

Zillow, a popular online real estate database and marketplace, provides estimates of home values through its proprietary Zestimate tool. However, in the case where a seller disagrees with Zillow’s valuation of their property, the seller does not have the right to sue Zillow, and there are no legal grounds for a lawsuit.

In addition, the seller voluntarily uses the tool to estimate their property's worth. Although Zillow uses a complex algorithm that considers various factors to determine the value of a property, the tool is not perfect, and its estimates can be incorrect. A home’s value depends on various factors, including location, condition, recent sales prices of comparable homes in the area, and market trends. It is essential to note that Zillow’s Zestimate tool does not physically visit homes, and, therefore, may not be able to factor in some critical variables affecting the value of a property.

As a result, Zillow's online estimates should be used only as a starting point for determining the property's value. Ultimately, the actual value of the property will be determined by the final price a buyer is willing to pay, the seller’s selling price, and the current market conditions. Therefore, it is essential to get a professional appraisal to get an accurate valuation of the property. In conclusion, a seller does not have the right to sue Zillow as there are no grounds for a lawsuit.

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I. A clinic encourages its customers to have their bond checked with the claim that one out
of four 60-year-old men need to be supplemented with glucosamine. If this is true, what is
the probability of the following events:
a. Two out of the next eight 60 year-old men need to be supplemented with glucosamine
b. Three out of the next 12 60 year-old men need to be supplemented with glucosamine

Answers

A clinic encourages its customers to have their bond checked with the claim that one out of four 60-year-old men need to be supplemented with glucosamine. If this is true, then the probability of the following events is Two out of the next eight 60 year old men need to be supplemented with glucosamine.

Glucosamine is a naturally occurring compound in the body. It is required for the formation and repair of cartilage as well as other body tissues.

Because glucosamine production slows in age, some people take glucosamine supplements to help them fight aging-related health issues like osteoarthritis. The majority of supplements are made from the shells of marine life, such as prawns and crabs.

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11) on june 1, 2011, a check for $360,000 was issued for a one-year insurance policy to be expensed evenly over the next 12 months. on june 1, 2012 a check for $480,000 was issued for a one-year insurance policy. the insurance will be expensed evenly over the next 12 months. the payment for the policy purchased in 2012 has not been recorded.

Answers

On June 1, 2011, a check for $360,000 was issued for a one-year insurance policy to be expensed evenly over the next 12 months.

DR- INSURANCE EXPENSE- 150,00

CR- PREPAID INSURANCE- 150,000

DR-PREPAID INSURANCE- 480,000

CR- CASH- 480,000

DR-INSURANCE EXPENSE- 280,000

CR-PREPAID INSURANCE- 280,000

Insurance, which takes the form of a policy, is a contract in which the person or entity receives financial protection, or payment from the insurance provider for any harm (large or small) done to their property. The insurance policy, which offers financial security from upcoming uncertainties, is a legal agreement between the insurer and the insured. Simply put, insurance is a contract, a binding legal arrangement between the person labelled insured and the insurance provider, also known as the insurer. The insurer agrees in this contract to assist the insured with losses resulting from the occurrence of the contingency. In contrast, the insured makes a payment in exchange for the insurer's commitment

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On June 1, 2011, a check for $360,000 was issued for a one-year insurance policy to be expensed evenly over the next 12 months.

DR- INSURANCE EXPENSE- 150,00

CR- PREPAID INSURANCE- 150,000

DR-PREPAID INSURANCE- 480,000

CR- CASH- 480,000

DR-INSURANCE EXPENSE- 280,000

CR-PREPAID INSURANCE- 280,000

Insurance, which takes the form of a policy, is a contract in which the person or entity receives financial protection, or payment from the insurance provider for any harm (large or small) done to their property. The insurance policy, which offers financial security from upcoming uncertainties, is a legal agreement between the insurer and the insured. Simply put, insurance is a contract, a binding legal arrangement between the person labelled insured and the insurance provider, also known as the insurer. The insurer agrees in this contract to assist the insured with losses resulting from the occurrence of the contingency. In contrast, the insured makes a payment in exchange for the insurer's commitment

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Drag each label to the correct location on the image.
Match the financial certifications to their specializations.
insurance planning
retirement planning
investment analysis
financial management
Certified Financial
Planner (CFP)
estate planning
accounting
Chartered Financial
Analyst (CFA)
public accounting audit
Certified Public
Accountant (CPA)

Drag each label to the correct location on the image.Match the financial certifications to their specializations.insurance

Answers

The correct certifications have been dragged to their specializations

How to classify the certifications and specializations

insurance planning - Certified Financial Planner (CFP)

retirement planning - Certified Financial Planner (CFP)

investment analysis - Chartered Financial Analyst (CFA)

financial management - Certified Financial Planner (CFP)

estate planning - Certified Financial Planner (CFP)

accounting - Certified Public Accountant (CPA)

public accounting audit - Certified Public Accountant (CPA)

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Which is a disadvantage of enrolling in a debt-settlement program?
A. The details of the program are fixed and cannot be changed.
B. Your credit report can be negatively impacted.
C. Payment options are limited and require fees.
D. It is difficult to prove that the debt has been satisfied when it is
paid off.

Answers

Answer:

Debt Settlement Program Disadvantages

A debt settlement program requires you to stop paying your creditors, which will add a significant amount to your debt because of late charges and the interest applied. ... Debt settlement is a gamble. If your creditors refuse to settle, you'll be in an even worse financial situation.

A disadvantage of enrolling in a debt-settlement program is the details of the program are fixed and cannot be changed. Thus, the correct answer is option A.

What is debt?

Debt is an obligation that requires one party, the debtor, to pay another party, the creditor, money or other agreed-upon value. Debt is a delayed payment, or series of payments, as opposed to an immediate purchase.

Debt settlement firms, also known as "debt relief" or "debt adjusting" firms, frequently claim they can negotiate with our creditors to reduce the amount we owe. For-profit companies offer debt settlement programmes, which involve the company negotiating with your creditors to allow you to pay a "settlement" to resolve your debt. The settlement is another term for a lump sum payment that is less than the total amount owed.

Therefore, the details of the debt settlement program are fixed and cannot be changed.

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In which area does Suzy have an absolute advantage?

Answers

In local area Suzy have an absolute advantage. Suzy is a complete consumer insights platform that combines high quality audiences, quantitative data, and qualitative data into an one connected research cloud. Set up a demo. Investigate the Platform.

Absolute advantage is a term used in economics to describe a party's better capacity for output. Suzy specifically means the capacity to create a specific commodity or service for less money than a rival. Saudi Arabia is an obvious example of a country having an absolute edge over other countries since it has access to plentiful oil reserves. Other examples include Zambia, which has some of the richest copper mines in the world.

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Answer T for true or F for false.There can be no gains from trade between two countries if one of them has an absolute advantage in the production of all goods. Two individuals can benefit from specialization and trade if they agree upon a price that lies between their opportunity costs of producing the good. When a country opens to trade, people working in industries producing goods that the country exports are harmed by the trade. When two countries decide to engage in specialization and trade, the prices of all goods sold in each country will fall.

Answers

Answer:

Sentence One: False

Explanation:

Absolute advantage does not necessarily trump comparative advantage. Comparative advantage takes into consideration the principle of opportunity cost. The country with the absolute advantage may not be the country with the highest comparative advantage (that is, it is not the country with the least opportunity cost in the production of that same good).

Sentence Two: True

Specialization of trade occurs when countries specialize based on their absolute advantage then trade it with the goods from other countries which they have specialized in the production of same. When two of such countries agree on prices between their opportunity costs of producing the goods, it is usually more beneficial.

Sentence Three: False

Increased exports translate to increased revenue.  Increased revenue means more business, the ability of the firms in such industry to retain and pay their workers and even hire more people as their operations expand.

Sentence Four: False

Specialization of trade simply means that a country focuses on improving its efficiency with regard to the production of CERTAIN production, not ALL its products. The fall in price is likely, however, to be seen in the goods in which it specialises in, subject to the laws of demand and supply as well as other economic factors.

Cheers

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