Answers
The statement "GDP includes spending on environmental protection, but it does not actually measure how effective that protection is" is correct about the question.
What is GDP?GDP (Gross Domestic Product) is a measure of the value of all goods and services produced within a country's borders in a given time period. It is commonly used as an indicator of a country's standard of living, although it has its limitations.
Moreover, while GDP includes spending on environmental protection, it does not necessarily measure the effectiveness of that protection, which can vary depending on factors such as enforcement, regulation, and technological innovation.
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Complete questionwhich of the following statements is correct?
A clean environment has no impact on the standard of living in a countryHigher spending on environmental protection always result in a cleaner environment and a healthier population, and thus a higher standard of livingGDP includes spending on environmental protection, but it does not actually measure how effective that protection is None of the aboveRelated Questions
In a recent survey of your major customers, you were disappointed to find that a majority of customers rated your company poorly on training and technical support for your products. You and your team have a made a firm commitment to improve this situation immediately using digital media.
Which of the following digital media tactics should you implement to most effectively address this issue for your customers?
a. You should establish one email address that customers can use to send emails about their problems with your products.
b. You should set up a video-sharing site where customers can upload videos of themselves explaining their problems with your products.
c. Start a blog for marketers to explain how much time and money the firm spends on training and technical support.
d. You should create a series of product demonstration podcasts for your customers to access online at their convenience.
e. You should create a virtual site for your customers to interact in a three-dimensional world.
Answers
Answer:
A. You should establish one email address that customers can use to send emails about their problems with your products.
Kyoko is a hard-working college senior. One Saturday, she decides to work nonstop until she has answered 150 practice problems for her math course. She starts work at 8:00 AM and uses a table to keep track of her progress throughout the day. She notices that as she gets tired, it takes her longer to solve each problem.
Time
Total Problems Answered
8:00 AM 0
9:00 AM 60
10:00 AM 105
11:00 AM 135
Noon 150
Use the table to answer the following questions.
The marginal, or additional, benefit from Kyoko’s second hour of work, from 9:00 AM to 10:00 AM, is
45
problems.
The marginal benefit from Kyoko’s fourth hour of work, from 11:00 AM to noon, is
15
problems.
Later, the teaching assistant in Kyoko’s math course gives her some advice. “Based on past experience,” the teaching assistant says, “working on 52.5 problems raises a student’s exam score by about the same amount as reading the textbook for 1 hour.” For simplicity, assume students always cover the same number of pages during each hour they spend reading.
Given this information, in order to use her 4 hours of study time to get the best exam score possible, how many hours should she have spent working on problems, and how many should she have spent reading?
1 hour working on problems, 3 hours reading
2 hours working on problems, 2 hours reading
3 hours working on problems, 1 hour reading
4 hours working on problems, 0 hours reading
Answers
Answer:
c
Explanation:
The incentive to improve material well-being by seeking to gain from economic activities is called
1 point
Legal Equality
Marginal Benefit
Open Opportunity
Profit Motive
Answers
Answer:
Profit Motive
Explanation:
Profit is the monetary gain or commercial reward for engaging in business. Profits increase the wealth of the entrepreneur.
The primary reason why Businesses are established is to generate profits for the owners. Entrepreneurs commit their resources, time, and efforts to avail goods and services to society expecting to make profits. The desire to increase wealth through profits is what drives people to start a business.
___________ is a way of saving a file so it can be used by a different program. A. Selecting B. Exporting C. Citing D. Formatting Please select the best answer from the choices provided A B C D Mark this and return
Answers
Answer:
B. Exporting
Explanation:
Consider the organization you are currently working in and explain this organization from systems characteristics perspectives particularly consider objective, components (at least three) and interrelationships among these components with specific examples
Answers
Explanation:
I don't have direct knowledge of the organization you are currently working in. However, I can provide a general example to help illustrate the systems characteristics of an organization. Let's consider a fictional manufacturing company called "ABC Manufacturing."
Objective:
The objective of ABC Manufacturing is to efficiently produce and deliver high-quality products to its customers while maximizing profitability. The organization aims to maintain a competitive edge in the market by consistently meeting customer demands and optimizing its operations.
Components:
1. Human Resources: The employees of ABC Manufacturing form a crucial component. They include production workers, managers, engineers, and support staff. Each employee contributes their skills and expertise to ensure smooth operations. For example, production workers assemble products, engineers design new prototypes, and managers oversee the overall functioning of the organization.
2. Production Facilities: The physical infrastructure, including factories, warehouses, and equipment, is another vital component. These facilities house the production lines, machinery, and storage areas necessary for manufacturing products. The efficient functioning of the production facilities is essential to meet production targets and ensure the timely delivery of goods.
3. Supply Chain and Logistics: The supply chain component involves managing the flow of materials, resources, and finished products. This includes sourcing raw materials, coordinating with suppliers, inventory management, and distribution logistics. Effective supply chain management ensures that the right materials are available at the right time, minimizing delays and reducing costs.
Interrelationships among Components:
The components of ABC Manufacturing are interrelated and interconnected, forming a system that works together to achieve the organization's objectives. Here are a few examples of interrelationships among these components:
1. Human Resources and Production Facilities: The production facilities rely on the skills and efforts of the employees. Human resources ensure that the right talent is hired, trained, and deployed in the production process. They also provide support and maintenance services to ensure the smooth functioning of the production facilities.
2. Production Facilities and Supply Chain: The production facilities rely on the timely availability of raw materials from the supply chain. Efficient coordination between production and supply chain teams is necessary to maintain optimal inventory levels and avoid production delays.
3. Supply Chain and Human Resources: The supply chain team collaborates with human resources to forecast demand, plan workforce requirements, and align production schedules accordingly. Effective communication and coordination between these components ensure that the production process meets customer demand and avoids excessive inventory or stockouts.
By viewing ABC Manufacturing through a systems perspective, we recognize that the organization is a complex interplay of various components working together to achieve a common objective. Understanding the interrelationships and dependencies among these components helps in identifying areas for improvement and optimizing the overall performance of the organization.
Answer:Dashen Bank s.c is a company where I am working in it. The company’s objective is to maximize its profit and become from the lists in best class banks in Africa. To achieve this objective it has its own system which contains the following components
• A banking software called FLEXCUBE which is the core software which accomplishes the majority of the banking day to day activities e.g. cash withdrawal, cash deposit, account opening general leger account postings etc.
• CATPS(card application tracking and processing system) is a component of a system which is used to capture ATM card applications and authorize the processed/ captured applications in order to produce the cards
• Amole admin/internet banking application is used to create an access to the customers such that user name and passwords and and link bank accounts so customers can transfer money, make payments at home.
The above listed components have interrelation each other. E.g. in order to produce cards using CATPS, the customer must have a bank account with precise customer data such that signature, photo etc. so these stated things i.e. account opening, signature and photo uploading activities are processed by FLEXCUBE software. In the same manner, in order to get an access to the bank account using amole/ internet banking, the customer must have properly opened bank account with customer signature and photo which is also processed by using FLEXCUBE software.
Higher interest rates will ______
a.) slow down government spending
b.) increase investment in the stock market
c.) decrease the consumption in the economy
d.) decrease the cost of borrowing money
Answers
Higher interest rates will decrease the consumption in the economy. The Option C.
How do higher interest rates affect consumption patterns?When interest rates rise, borrowing money becomes more expensive which then discourages consumers from taking on new debt, leading to a decrease in consumption in the economy.
Higher interest rates increase the cost of financing for individuals and businesses and makes it less attractive to make large purchases or invest in new projects. As a result, consumer spending tends to decline impacting various sectors of the economy, such as housing, automobiles, durable goods.
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Joseph and Krystal are part of your social group. They joined Missile’s Financial Services together as middle managers. Each one, reports to a different senior manager. These senior managers report to the Managing Director. Once a month after payday, Joseph, Krystal and other members of the social group all try to have lunch together.
Joseph is very distressed. ‘I’ve had an awful week and this morning was the worst!’ He recounts what happen between himself and Nicholas, his manager.
‘Nicholas and I were to meet with a new supplier to finalize a contract. I have been dealing with the supplier all this time, over two and a half months and we just needed to finalize the costing. We had reached an agreement about the cost that both of us were comfortable with. For the past two weeks, I have been trying to get Nicholas to look at the contract and agree the figures etc. We really need this guy’s company. They are fast and have a great reputation for products and services. The price is good and they are willing to customize the stationary, with no additional cost to us. Anyway, Nicholas was always too busy to meet. I emailed him the contract and my teams thoughts on how we should proceed hoping he would read it.’ My team consists of the Accounts/Finance Manager, Inventory Manger, Legal, Research & Development, Public Relations Manager and I, and we meet at different times and days, whether collectively or selectively.
‘Anyway we, Nicholas and I, met with the supplier this morning. We are going through the contract, the next thing I know Nicholas says, ‘This won’t work for us. The cost is too high. Where did these calculations come from?’ ‘If the floor had opened up and swallowed me I could have not been more embarrassed. I mean I spent three weeks, working on it with the team Accounting, PR and Legal! Joseph shaking his head continued, ‘he just took over the conversation. I mean we got the contract signed but in the end all that happened was that the figures were rearranged we still end up paying the same.’ ‘I am tired of this foolishness. He stays locked in his office on his cell every day. Only God knows what he does in there.’
1. Do you believe that Nicholas is an unethical manager? Justify your response by choosing one of the ethical decision making concepts outlined in unit 2 to argue/support your writing.
2. From the chosen ethical decision making concept selected by you in question 1, show its relationship to any one of the variables in an analytical tool, outlined in unit 1, read.
Answers
1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior.
2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business.
1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior. It appears that Nicholas did not take the time to review the contract or the team’s thoughts, but still took over the conversation with the supplier and changed the figures. This behavior could be seen as a violation of the ethical principle of fairness, which involves treating others in a reasonable, equitable, and impartial way. Nicholas’ actions suggest that he did not give due consideration to the team’s input or their efforts to finalize the contract, which could affect their working relationship and trust in him as their manager.
2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business. Fairness is based on the idea of treating all stakeholders equitably and impartially, taking into account their needs, interests, and perspectives. In this case study, Nicholas’ actions appear to violate the principle of fairness by disregarding the efforts of Joseph and his team to finalize the contract, and making unilateral changes without adequate review or discussion.
To analyze this situation using an analytical tool, we can use the Stakeholder Mapping tool, which helps to identify and categorize stakeholders based on their level of interest and power. In this tool, stakeholders are divided into four categories: High power/high interest, High power/low interest, Low power/high interest, and Low power/low interest. In this case, Joseph and his team are the stakeholders with high power and high interest in the situation, as they are responsible for finalizing the contract.
Using the Stakeholder Mapping tool, we can see that Nicholas’ actions have the potential to undermine the trust and collaboration of high power/high-interest stakeholders, who are critical to the success of the project. Specifically, his actions may cause frustration, resentment, and loss of confidence in his management ability. This could result in a breakdown of communication and cooperation, which would ultimately affect the team’s performance and the overall success of the project. Therefore, it is important for Nicholas to consider the perspectives and input of all stakeholders, including those with high power and high interest, when making decisions that affect them. By doing so, he can ensure that his decisions are ethical, fair, and aligned with the needs of all stakeholders.
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Which best describes how consumers may benefit from specialization?
Consumers can only purchase high-quality goods.
Consumers have more price options.
O Consumers receive more sale offers.
O Consumers find products at lower prices.
Answers
In specialization a company have produced the product at different price levels. Consumers have more price options.
What is consumer?A consumer is a person who purchases the goods and or services from the business and is also the ultimate user of the products or services. In specialization the company produces a certain product at many different levels by which they have many price options available which vary according to their customization and quality that can be offered to the consumers and hence the customer can purchase different types of a single product from a single company or Brand.
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Vanya inc. charter authorizes 1000 shares of stock at a stated value of $1 per share. Vanya sells 50 shares of stock at its initial offering for $10 [er share. The journal entry to record this transaction?
Answers
Credit for Paid-In Capital, in Surplus of Stated Worth for $450, $50 toward Common Stock, and $500 toward Cash.
Why do you use the term "Common Stock"?A form of business equity and a kind of security is common stock. Within the borders of the United States, the words vote share and common share are widely used. In the UK as well as other Commonwealth nations, they are referred to as share capital or ordinary shares. A investor holds 1% of the company if they hold shares of a company of the ordinary stock. This investor will receive $100 (1,000 units X $0.10) in dividends if the company declares a $0.10 per share dividend.
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May 15 You deposited $10,000 to open the business bank account. This was your investment in the
company in exchange for 10,000 ordinary shares.
17 The bank deposited the $49,500 loan funds into the bank after deducting $500 in costs to
establish the loan.
18 Paid rent of $1485 to Atlas Realty (cheque no.1).
20 Paid Adams Shopfitters $20,000 for display cabinets, counters and shelving (cheque no.2).
21 Paid the local newspaper (Community Times) $1,000 for a series of weekly advertisements to
commence this week (cheque no.3).
22 Paid $1,500 to Bayview Insurance Brokers for a 1-year business insurance policy commencing
21 May (cheque no.4).
23 Purchased from Tony’s Second-hand Mart, a cash register for $350, a lounge suite for $400 and
a table & chairs for $380 for the shop (cheque no.5).
24 You contributed equipment valued at $5,000 for repairing computers to the business. At
present you do not want to take cash out of the business, so this will take the form of an interest
free loan to be repaid two years from now.
31 Banked $2,520 cash and cheques from servicing computers since the shop opened.
Balance sheet for this.
Answers
Total liabilities and equity: $36,050 Note that the negative retained earnings indicate that the company has not yet generated enough revenue to cover its expenses.
Why is it?
Based on the given transactions, the balance sheet of the company can be prepared as follows:
Assets:
Cash and cash equivalents: $12,520 ($10,000 initial investment + $2,520 from servicing computers)
Inventory: Not provided
Equipment: $23,530 ($20,530 total equipment cost - $5,000 contributed equipment + $8,000 loan from bank)
Total assets: $36,050
Liabilities:
Bank loan: $49,000
Total liabilities: $49,000
Equity:
Share capital: $10,000
Retained earnings: -$22,950 ($1,485 rent + $20,000 shopfitters + $1,000 newspaper ad + $1,500 insurance + $350 cash register + $400 lounge suite + $380 table and chairs)
Total equity: -$12,950
Therefore, Total liabilities and equity: $36,050
Note that the negative retained earnings indicate that the company has not yet generated enough revenue to cover its expenses.
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ways in which shoprite can contribute time and effort to improving the well being of employees
Answers
Answer:
Creating high supervision on workers routine.
Explanation:
Wally owns 200 acres of land.Wally offers to sell the land to Robert for $1,500 per acre.Robert replies that he does not need 200 acres of land but would like to buy 40 acres at $1,500 per acre.Wally agrees to sell but does not identify which 40 acres.Later,Wally refuses to sell any land to Robert.What is the result?
A) Robert wins; this is an enforceable contract with complete and definite terms.
B) Robert wins; the UCC will decide which 40 acres are to be sold.
C) Wally wins; the original offer was not intended to be an offer but merely an invitation to negotiate.
D) Wally wins; this agreement is too indefinite since it does not identify which 40 acres are to be sold.
Answers
Answer:
D) Wally wins; this agreement is too indefinite since it does not identify which 40 acres are to be sold.
Explanation:
Since in the given situation, wally agrees to sell but here the identification of the land is not mentioned i.e. 40 acres and at the later time the wally refused to sold any land so here wally should wins as the agreement is not definite which type of the land should be sold so it becomes the agreement void
Hence, the correct option is d.
Which of these stores uses fulfillment center?
A) Comet Dry Cleaner
B) Dunkin’ Donuts
C) Amazon
D) 7-11
Answers
The store which uses the fulfillment center is Amazon.
The order fulfillment center is seen as the customer of packaging, receptacles, or of the sections of canisters which it employs to maintain, safeguard, and contain the products which it packages. So, Fulfillment by Amazon (FBA) is a service which tends to allow businesses in order to outsource order fulfillment to Amazon.
Here, there are several business which send products to Amazon fulfillment centers and when a customer makes a purchase, we pick, we pack, and then we ship the order. Thus, they also provide customer service and process returns for the orders placed.
Hence, option C is correct.
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The following transactions and adjusting entries were completed by a paper-packaging company called Gravure Graphics International during 2018 and 2019. The company uses straight-line depreciation for trucks and other vehicles, double-declining-balance depreciation for buildings, and straight-line amortization for patents.
January 2 , 2015
Paid $86,000 cash to purchase storage shed components.
January 3 , 2015
Paid $2,000 cash to have the storage shed erected. The storage shed has an estimated life of 10 years and a residual value of $5,000.
April 1 , 2015
Paid $40,000 cash to purchase a pickup truck for use in the business. The truck has an estimated useful life of five years and a residual value of $3,000.
May 13 , 2015 Paid $500 cash for repairs to the pickup truck.
July 1 , 2015
Paid $29,000 cash to purchase patent rights on a new paper bag manufacturing process. The patent is estimated to have a remaining useful life of five years.
December 31 , 2015
Recorded depreciation and amortization on the pickup truck, storage shed, and patent.
June 30 , 2016
Sold the pickup truck for $34,000 cash. (Record the depreciation on the truck prior to recording its disposal.)
December 31 , 2016
Recorded depreciation on the storage shed. Determined that the patent was impaired and wrote off its remaining book value (i.e., wrote down the book value to zero).
Record the journal entries for the following:
1. Record the purchase of storage shed components for $86,000.
2. Record the payment of $2,000 to have the storage shed erected
3. Record the purchase of a pickup truck for $40,000.
4.. Record the repairs of $500 to the pickup truck.
5.. Record the purchase of a patent for $29,000 on a new paper bag manufacturing process
6. Record the depreciation and amortization expense on the pickup truck, storage shed and patent for the year
7. Record the depreciation for the truck up to the date of sale.
8. Record the sale of the pickup truck for $34,000 cash.
9. Record the depreciation on the storage shed for the year.
10. Record any impairment loss incurred on the patent.
Answers
Answer:
Note: See the attached excel file for the journal entries for recording events 1 to 10.
Explanation:
Also note that since the double-declining-balance depreciation is used for buildings, the depreciation rate for the building is therefore obtained as follows:
Note that double-declining-balance is a depreciation method that depreciates an asset twice the rate of the straight line depreciation method. Therefore, the double-declining-balance depreciation rate used in the excel file is calculated as follows:
Straight line depreciation rate = 1 / Number of estimated life = 1 / 10 = 0.10, or 10%
Double-declining depreciation rate = Straight line depreciation rate * 2 = 10% * 2 = 20%
researching investments online can be valuable because
Answers
Answer:
Researching investments online can be valuable because: If the information is trustworthy it can provide a recent status of the investment. Also, online research tools provide the ability to find a great number of diverse investments
Explanation:
Answer:
d) You can track stock value trends over time
Explanation:
Sunland company is considering buying a machine for $420000
Answers
If Sunland Company is considering buying a machine for $240,000 with an estimated life of ten years and no salvage value. The cash payback period on this investment is: c. 8 years.
How to find the Cash payback periodFirst step is to calculate the depreciation using this formula
Depreciation = Cost of assets - Salvage value / Useful life of assets
Depreciation = $240,000 - $0/10
Depreciation = $240,000/10
Depreciation =$24000
Second is to find the cash flow
Cash flow = Net income +Depreciation
Cash flow =$6000+ $24,000
Cash flow = $30,000
Third step is to find the cash payback period on this investment
Cash payback period = Cost of assets / Cash flow
Cash payback period =$240,000/$30,000
Cash payback period =8 years
Therefore the correct option is C.
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The complete question is:
Sunland Company is considering buying a machine for $240,000 with an estimated life of ten years and no salvage value. The straight-line method of depreciation will be used. The machine is expected to generate net income of $6,000 each year. The cash payback period on this investment is
a. 20 years
b. 10 years
c. 8 years
d. 4 years
Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the following relevant information: She received $82,000 in salary. She received $12,000 of dividend income. She received $5,000 of interest income on Home Depot bonds. She received $22,000 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $9,000. She received $10,000 from the sale of Google stock that was purchased 6 months prior to the sale at a cost of $7,500. Mary receives one exemption ($4,000), and she has allowable itemized deductions of $7,500. These amounts will be deducted from her gross income to determine her taxable income. Assume that her tax rates are based on the tax tables presented in the chapter.
a. What is Mary’s federal tax liability?
b. What is her marginal tax rate?
c. What is her average tax rate?
Answers
Answer:
a. What is Mary’s federal tax liability?
$20,243.75
b. What is her marginal tax rate?
25%
c. What is her average tax rate?
average tax rate for ordinary income = $18,293.75 / $90,000 = 20.33%
average tax rate on all of Mary's taxable income (including long term capital gains) = $20,243.75 / $103,000 = 19.65%
Explanation:
Since the personal exemption is $4,000, I assume that this question takes place during 2015.
total ordinary income = $82,000 (salary) + $12,000 (dividend income) + $5,000 (interest income) + $2,500 (short term capital gains) = $101,500
long term capital gains = $13,000
taxable ordinary income = $101,500 - $4,000 - $7,500 = $90,000
tax liability on ordinary income = $5,156.25 + [($90,000 - $37,450) x 25%] = $18,293.75
tax liability on long term capital gains = $13,000 x 15% = $1,950
total tax liability = $20,243.75
Wilma's Winery uses the indirect method to determine net cash provided by operating activities. During 2017, Wilma experienced a
decrease in Accounts Receivable of $8,000, an increase in Accounts Payable of $1,000, and an increase in Inventory of $4,000. What
should be reported as the net cash provided by operating activities if net income was reported at $23,000?
O $34,000
O $26,000
O $28,000
O $20,000
Answers
Answer: $23,000+ $8000+ $1000 - $4000= 28,000
$28,000 should be reported as the net cash provided by operating activities if net income was reported at $23,000. Hence, option C is correct.
What is operating activities?All the actions a company takes to constantly promote its products and services are referred to as operating activities. Non-operating activities are one-time occurrences that are unconnected to the normal, primary business activity of the company but may have an impact on sales, costs, or cash flow.
Cash flow from operating activities refers to the earnings a company makes through ongoing, regular business activities like creating and selling things or providing clients with services. It appears as the first section of a corporation's cash flow statement.
Operating activities generate the majority of the organization's cash flows because they are intimately tied to its core business operations, including sales, distribution, production, and so forth.
Thus, option C is correct.
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To: HR Department
From: Jill Best, Manager
Re: Lost Performance Appraisal Form
Six weeks ago when our offices were being remodeled, one of the janitors accidentally threw away a small stack of papers. Included in the stack was a performance appraisal form which I had just completed on one of my subordinates, Karen Whitmore. I know you need this form, but it is gone, What should I do?
Answers
Answer with its Explanation:
The performance Appraisal form are very important when we are interested in appraising the performance of employees. It not only helps to keep the employees motivated but also helps to highlights the underperforming employees. The corrective action plan to motivate the underperforming employees can then be formulated. It also helps in deciding which employee will be valuable asset for the company and thus must be promoted.
The corrective action would be that the manager must try to reassess the performance of the employees and submit his findings in the form of Performance Appraisal Form. The manager must also have backup of his findings and that he can mail the performance appraisal form by an email.
Mitch and Terese are partners at a management consulting firm. They are trying to determine which of them has a comparative advantage in creating the 50 slides required for a sales pitch to a prospective client. Mitch can create 10 slides per hour. For other activities, he can bill clients $500 per hour. Mitch's opportunity cost of creating slides is_____per slide. Jamal's opportunity cost of creating slides is 30% lower than Bette's. However, as the senior partner, his billing rate is 25% higher. Based on all of these facts,_____has a comparative advantage in creating slides.
Answers
Answer and Explanation:
The computation of the Mitch opportunity cost of developing slides per slide is
= $500 ÷ 10 slides per hour
= $50
Now it is given that
Jamal opportunity cost is 30% lower than
And, the billing rate is 25% higher
So, in this case
Mitch opportunity cost is
= $50 - ($50 × 30%)
= $35
And, the billing rate is
= $500 + 25%
= $600
So per slide is
= $600 ÷ $35
= 17.14 slides
Based on the above calculation, Jamal has the opportunity cost in creating the slides
You are a newspaper publisher. You are in the middle of a one-year factory rental contract that requires you to pay $500,000 per month, and you have contractual salary obligations of $1,000,000 per month that you can’t get out of. You also have a marginal printing cost of $0.35 per paper as well as a marginal delivery cost of $0.10 per paper. Instructions: Enter your answers rounded to two decimal places.
a. If sales fall by 20 percent from 1,000,000 newspapers per month to 800,000 newspapers per month, what happens to the AFC per newspaper?
AFC per newspaper rises from $____ to $_____.
b. What happens to the MC per newspaper?
MC per newspaper does not change
c. What happens to the minimum amount that you must charge to break even?
it rises from $____ to $_____.
Answers
a. The AFC increases from $1.50 to $1.88 after the decrease in sales.
b. The Marginal Costs (MC) do not change.
C. It rises. The company needed to charge $1.85 per paper
How does one arrive these answers?The analysis of the answers go thus:
a. The average fixed cost (AFC) was $1.50, which equate the total fixed cost ($1.5 million) divide it by number of papers sold (1 million). By extension,
= $1,500,000/1,000,000).
Assume sales fall by 20% to 800,000 papers sold, the new AFC is $1.88.
= the total fixed cost divided by the new number of papers sold, = $1,500,000/800,000).
Thus, the AFC increases from $1.50 to $1.88 after the decrease in sales.
b. The marginal printing and marginal delivery costs are alike; as a result, marginal costs remains same.
c. To break even before the decline in sales, the company needed to charge enough to cover the AFC, $1.50, and the AVC, $0.35, which is the sum of the printing cost and delivery cost per paper. Thus, the company needed to charge $1.85 per paper. To break even after the decline in sales, the company needs to charge enough to cover the AFC, $1.88, and the AVC, $0.35, which is the sum of the printing cost and delivery cost per paper (note this does not change because the cost is per paper). Thus, the company needs to charge $2.23 per paper.
Therefore, the correct answer is as given above.
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Demron is in serious negotiations to purchase a welding machine that will enable them to perform their own welding. They currently have their welding outsourced at a cost of $1.50 per weld and a fixed cost of $45,000. Their marketing team feels that they can sustain an annual sales volume sufficient to require 35,000 welds. If a fancy new welding rig costs $13,500 what is the maximum variable cost per weld that Demron should be willing to pay in order to bring this process in-house
Answers
Answer:
Demron
Outsourcing welding or Purchasing a welding machine for in-house welding:
Cost of outsourcing:
Variable cost = $1.50 x 35,000 = $52,500
Fixed cost 45,000
Total outsourcing costs $97,500
Cost of purchasing a welding machine:
Fixed cost = $13,500
Maximum Variable costs = $84,000
Total in-house cost = $97,500
Maximum variable cost per weld
= $84,000/35,000
= $2.40
Explanation:
This problem of outsourcing welding activities of Demron Company or buying the welding machine to enable in-house welding is like a make or buy decision challenge. The appropriate approach to tackling this challenge is to determine the total costs under each option. The option that yields the greater outcome is chosen. However, for Demron's case, a determination of the maximum variable costs that are acceptable for in-house option to be selected is made. The level required for this determination is the level of costs that makes no difference between outsourcing and in-housing welding.
Who will be the first Trillonare in this world ?
Answers
The person who is expected to become the first Trillionaire is Jeff Bezos, founder, and CEO of Amazon.
According to a study conducted by Comparison, Jeff Bezos could become the world’s first Trillionaire by the year 2026. This prediction was made on the basis of the average percentage of growth of Bezos’ net worth over the last five years. The study also highlighted that Bezos’ wealth has grown by an average of 34% over the last five years. At this rate of growth, his net worth could reach $1 trillion by the year 2026.
However, the current COVID-19 pandemic has had a negative impact on the economy, and Bezos’ net worth has already decreased by over $20 billion since the start of the pandemic. Despite this, it is still possible that Bezos may become the world’s first Trillionaire in the future, but there are also other contenders who could reach this milestone, such as Elon Musk, CEO of Tesla and SpaceX. However, as of now, there is no confirmed Trillionaire in the world.
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Which of the following statements is correct? Investing money is the same as putting it into savings. People earn interest and taxes by working at their jobs. Money in a savings account earns interest. All of these choices are correct.
Answers
Investing money is different from putting it into savings, people earn interest on money in a savings account, and taxes are not earned by working at a job but are deducted from income. All of these choices are correct.
1. Investing money is not the same as putting it into savings. When you invest money, you purchase assets such as stocks, bonds, or real estate with the expectation of generating a profit over time. Investing involves taking on risk in the hope of earning a higher return on your money.
2. People do not earn interest and taxes by working at their jobs. Taxes are typically deducted from an individual's income, and interest is earned by depositing money in a savings account or investing it in interest-bearing assets. Income earned through employment is subject to taxation, but it does not directly result in interest earnings.
3. Money in a savings account does earn interest. When you deposit money into a savings account, the bank pays you interest on that balance. The interest rate may vary depending on the bank and the type of savings account you have. This interest is a form of passive income that you earn on your savings over time.
Therefore, the correct statement is that all of these choices are correct.
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speedy motors LDT
identify the micro and the macro challenges of SM from the scenario
Answers
Based on the fact that Speedy Motors is in the automotive industry, some micro and macro challenges include:
Macro challenges - Government regulation and Economic growth. Micro challenges - Lack of liquidity and Retaining good labor. What are micro challenges?Micro challenges are those that affect a company alone and not the economy.
Companies in the automobile industry face the micro challenge of having poor liquidity because cars might not be sold fast enough. They also have issues with retaining good labor which can help them remain competitive.
What are macro challenges?These affect the economy and industry at large and so affect the company as well.
Some challenges here include government regulation that is aimed at reducing pollution. This will force an auto company to invest in more expensive equipment to comply.
If economic growth is poor, a car company will experience less sales as well.
In conclusion, there are several challenges affecting Speedy Motors.
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2- Mention (5) problems Created by lack of Tap
Answers
Answer:
Explanation:
The lack of tap water can create several problems, including:
Health risks: The absence of clean tap water may lead to the spread of water-borne diseases. People may be forced to use contaminated water sources, which can cause illnesses such as cholera, typhoid, and dysentery.
Increased financial burden: People who do not have access to tap water may have to spend a significant amount of money on purchasing bottled water or water from tankers. This can increase their financial burden, particularly for those living in poverty.
Difficulty in daily chores: The lack of tap water can make it difficult for people to carry out daily tasks, such as cooking, cleaning, and washing. This can affect their quality of life and productivity.
Impact on education: The lack of tap water can also affect the education of children, particularly girls. They may be required to collect water from distant sources, which can consume a lot of their time and leave little time for studies.
Social inequality: The absence of tap water can deepen social inequality, as people from marginalized communities and rural areas are more likely to be affected. Lack of access to clean water can perpetuate poverty, limit economic opportunities, and exacerbate existing social disparities.
The income statement for the year 2014 of Fugazi Co. contains the following information: Revenues $70,000 Expenses: Salaries and Wages Expense $45,000 Rent Expense 12,000 Advertising Expense 10,000 Supplies Expense 6,000 Utilities Expense 2,500 Insurance Expense 2,000 Total expenses 77,500 Net income (loss) ($7,500) After all closing entries have been posted, the revenue account will have a balance of $7,500 credit. $70,000 debit $0. $70,000 credit
Answers
After all closing postings are completed, all income and expenses are transferred to the retained earnings account, resulting in a balance of $0.
Option A is correct.
What is written on the income statement?An income statement shows the income, expenses, and profitability of a company for a specified period. It is also sometimes referred to as the Income Statement (P&L) or Income Statement. it shows you: Revenue from sales of products or services. Expenditure to generate revenue and manage the business.
Why is the income statement important?The purpose of an income statement is to provide investors, creditors, and readers with financial information about whether the company is profitable during the financial year. In the context of corporate finance, an income statement is a record of a company's profits and losses over the course of a financial year.
Question is incomplete. Missing options are:
The income statement for the year 2014 of Fugazi Co. contains the following information:
Revenues $70,000,Expenses:,Salaries and Wages Expense $45,000, Rent Expense 12,000, Advertising Expense 10,000, Supplies Expense 6,000 , Utilities Expense 2,500, Insurance Expense 2,000, Total expenses 77,500, Net income (loss) $ (7,500)
After all closing entries have been posted, the revenue account will have a balance of
a. $0.
b. $70,000 credit.
c. $70,000 debit.
d. $7,500 credit.
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what are the types of wholesaler?
Answers
Answer:
1. merchant
2. agent and brokers
Explanation:
Merchant wholesalers buy from manufacturers and sell to other businesses. Agents and brokers are essentially independents who provide buying and selling services.
________is the interest that the bank pays you on the principal plus on the_________ that you earned the preceding year.
Answers
Answer:
Compound interest; interest.
Explanation:
Compound interest can be defined as the interest that the bank pays you on the principal plus on the interest that you earned the preceding year. Thus, it is simply calculated by adding an interest to the initial principal i.e compounding the interest rather than withdrawal.
Mathematically, compound interest is given by the formula;
\( A = P(1 + \frac{r}{n})^{nt}\)
Where;
A is the future value.
P is the principal or starting amount.
r is annual interest rate.
n is the number of times the interest is compounded in a year.
t is the number of years for the compound interest.
Answer:
its compound interest and interest
If a firm has a sales price per unit of $6.00, a variable cost per unit of $4.00, and a break-even point of 40,000 units, fixed costs are equal to
Answers
Answer:
$80,000
Explanation:
From marginal analysis concepts, the break-even point is determined using the formula.
Break-even in units = fixed cost / contribution margin per unit
For this firm,
break -even = 40,000 units
Contribution margin per unit = selling price - variable costs
=$6 - $4 =$2
Therefore:
40,000 = fixed costs/ $2
Fixed costs = $40,000 x 2
Fixed costs = $80,000