Answer:
For 260,000 units Variable Costs are = $ 154,000/120,000 * 260,000= $1.2833* 260,000= $ 333,667
Explanation:
Locke & Company
Total costs $ 329, 000
Less Fixed Costs $ 175, 000
Variable Costs $ 154,000 for 120,000 units
For 1 unit Variable Costs are = $ 154,000/120,000= $1.2833
For 260,000 units Variable Costs are = $ 154,000/120,000 * 260,000= $1.2833* 260,000= $ 333,667
The total Costs for 260,000 units would be determined by adding Variable Costs and Fixed Costs.
We Suppose the fixed costs are same then = 333,667 + 175,000= $ 508,667
Answer:
$332,800
Explanation:
Total cost is the sum of the fixed and variable costs.
Like the total sales, the total variable cost is also affected by the level of activities or units produced/sold.
Total variable cost = variable cost per unit * number of units
Hence, given that
Total costs at 120,000 units is $329,000 and total fixed cost is $175,000
Total variable costs = $329,000 - $175,000
= $154,000
Unit variable cost = $154,000/120,000
= $1.28
At 260,000 units,
Total variable cost
= $1.28 * 260,000
= $332,800
A married couple living together own a small farm. They grow several crops, producing most of the food they consume and selling the excess for cash. With the increase in corn prices due to the rising demand for ethanol, they decide to stop producing vegetables and potatoes, and, instead, devote that land to growing more corn for sale. They use part of the additional cash they earn from greater corn production to buy vegetables and potatoes at the grocery. What effect does this have on GDP?
Answer:
The GDP will increase.
Explanation:
In this scenario, the GDP will increase based on two different effects. The first one is that the GDP will increase as a result of the married couple buying their vegetables at market prices instead of consuming what they normally produce in the household which is not accounted for in the GDP analysis.
The second reason for the increase in GDP is the sale of growing MORE corn and selling at Market price as against what they normally use the small farm for which was growing various crops for their own consumption and only selling the excess which only contributed little to GDP relatively.
Prisoners sometimes determine a single good to be used as money. This good becomes a. a unit of account, but not a medium of exchange. b. neither a unit of account nor a medium of exchange. c. a medium of exchange and a unit of account. d. a medium of exchange, but not a unit of account.
This good becomes a medium of exchange and a unit of account
Explanation:
Money is also characterised by the three features or services it offers. Money serves as an exchange tool, a value store, and a deposit unit.
As a mode of trade for promoting trades, Money's most important function. Both trades, without capital, will need to be carried out with a barter that involves trading one good or another directly. The dilemma with a barter scheme is to provide a product or service of equivalent value, as the seller always desires, in order to receive the same good or service from a manufacturer.
Money also serves as a transaction unit to calculate the worth of the exchangeable products and services. In order to be able to determine the worth or quality of the product, both the manufacturer and the customer should agree the quantity to be supplied and the quantity of the good to be ordered.
Acacia Corp., a manufacturer of consumer electronics, encountered problems when it attempted to market instant cameras in Spain. Acacia found that Spanish consumers preferred having their film developed in the traditional format. Moreover, the company had failed to conduct a market research study about consumer customs, tastes, and attitudes in Spain. In this scenario, Acacia failed to study Spain's _____ environment.
Acacia Corp., a manufacturer of consumer electronics, encountered problems when it attempted to market instant cameras in Spain. Acacia found that Spanish consumers preferred having their film developed in the traditional format. Moreover, the company had failed to conduct a market research study about consumer customs, tastes, and attitudes in Spain. In this scenario, Acacia failed to study Spain's Cultural environment.
Explanation:
A cultural environment is one that consist of beliefs, customs, value of a individual group of people.It has great impact on the thinking and personality of an individual. It performs an major role in determining the demand of a particular group.So it is mandatory for every company to study the cultural environment before introducing any product.
Acacia corp.that manufactures consumer electronics failed to market its camera in Spain. It followed latest technology but failed to survey that Spanish like traditional format of developing films. It even did not study their tastes attitudes and customs. It did not care on cultural environment
On April 1, North Company issued bonds in the market. Upon issue, South Company acquired 10% of North Company's issue. On November 30, South sold the North Company bonds in the market; the bonds were acquired by East Company. On December 31, which, if any, of the following companies is an investee?
A) North
B) South
C) East
Answer:
C) East
Explanation:
North company is the issuer of the bonds.
South invested in the bond but, in November 30th It sold their entire participation in North Bonds therefore, no longer an investee.
East Company is the holder of the bodns previously hold by South and we aren't givne any information about being sold again therefore, it is the investee at December 31th
Caroline sharpens knives in her spare time for extra income. Buyers of her service are willing to pay $2.95 per knife for as many knives as Caroline is willing to sharpen. On a particular day, she is willing to sharpen the first knife for $2.00, the second knife for $2.25, the third knife for $2.75, and the fourth knife for $3.50. Assume Caroline is rational in deciding how many knives to sharpen. Her producer surplus is:_______.
a. $1.85.
b. $0.95.
c. $1.15.
d. $1.30.
Answer:
A. $1.85
Explanation:
Producer surplus is the difference between how much an individual is willing to sell a good and how much they sell it at prevailing market prices.
Given that
Buyers are willing to pay = $2.95
Willing to sharpen 1st knife = $2.00
2nd knife = $2.25
3rd knife = $2.75
4th knife = $ 3.50
Therefore
Producer surplus = (2.95 - 2.00) + (2.95 - 2.25) + (2.95 - 2.75)
= 0.95 + 0.7 + 0.2
= $1.85
Note, the 4th knife is not included because what she's willing to collect is greater than what the buyer is willing to offer. So transaction doesnt take place.
Final answer:
Caroline's producer surplus is calculated by summing the differences between the market price she receives for each knife ($2.95) and what she's willing to accept. She would sharpen the first three knives, resulting in a total producer surplus of $1.85.
Explanation:
To calculate Caroline's producer surplus, we need to compare what she is willing to accept for each knife sharpened to what she actually receives. The producer surplus is the difference between the market price (what buyers are willing to pay) and the seller's cost (what the producer is willing to accept). The market price is given as $2.95 per knife.
For the first knife, Caroline's cost is $2.00, so her surplus is $2.95 - $2.00 = $0.95.For the second knife, the cost is $2.25, giving her a surplus of $2.95 - $2.25 = $0.70.For the third knife, the cost is $2.75, with a surplus of $2.95 - $2.75 = $0.20.Caroline would not sharpen the fourth knife, as her cost of $3.50 is higher than the market price of $2.95.Therefore, Caroline's total producer surplus is $0.95 + $0.70 + $0.20 = $1.85. Option A is correct .
A market structure in which a firm has a monopoly because the average costs of production are lowest when all output is produced by a single firm is known as....
Answer:
Natural Monopoly
Explanation:
The market in which there is only a single firm who meets the demand of all the residents is a monopoly and the market in which the firm has maintained its monopoly because the firm has attained economies of scale and no foreign firm can match the price of the firm is natural monopoly.
A market structure where the average production costs are lowest when a single firm produces all the output, due to economies of scale, is known as a natural monopoly, particularly prevalent in utility sectors.
Explanation:A market structure where a firm holds a monopoly due to the fact that average production costs are at their lowest when a single firm produces all the output is identified as a natural monopoly. This condition emerges because of economies of scale within the firm, leading to a scenario where the long-run average cost (LRAC) decreases as the scale of operation and output increases. Natural monopolies arise particularly in industries where the infrastructure or capital costs are so high that it becomes inefficient for multiple firms to operate independently; instead, it's more cost-effective for one firm to serve the entire market.
For example, utility companies often operate as natural monopolies because the cost of the infrastructure required to distribute water or electricity is so vast that having multiple companies laying down pipes or cables would significantly increase the cost to consumers. Given the quantity demanded in a market, a natural monopoly occurs at the point where the market can sustain only one firm operating at the minimum of the long-run average cost curve. Thus, in regions where a natural monopoly exists, no smaller firm can compete on costs, and no larger firm could sell its surplus given the market demand.
According to the security market line, a security with a beta of 1.5 should provide a risk premium that is _________ times the risk premium existing for the market as a whole.
Answer: 1.5
Explanation: Security market line shows different levels of systematic, or market, risk of various marketable securities plotted against the expected return of the entire market at a given point in time. According to the security market line, a security with a beta of 1.5 should provide a risk premium that is 1.5 times the risk premium existing for the market as a whole.
According to _____, goals energize behavior and also create tension between the goal, which is the desired future state of affairs, and where the employee or company is now, meaning the current state of affairs.
Answer:
The correct answer is goal-setting theory.
Explanation:
Edwin Locke defines a goal as what a person strives to achieve. The goals are important for the human being since they motivate and guide their actions. Thus, according to Locke's theory, the intention to reach goals is a basic source of motivation for the human being.
The goals also encourage us to do our best, to have an illusion or aspiration and to improve our performance. According to Edwin Locke's goal setting theory, people seek and create their own goals through appropriate prior decisions. Once the goals are established, the people to commit to achieve them.
For Locke, the best goal will be the one posed as an accessible, realistic and possible challenge.
Final answer:
Theory Y posits that goals motivate behavior by creating a tension between the desired future and the current state, leading to employee engagement when they participate in setting their own goals, unlike the control-focused Theory X.
Explanation:
According to Theory Y, goals energize behavior and create tension between the desired future state of affairs (the goal) and the current state of affairs. This theory assumes that people seek satisfaction and fulfillment from their work, and they perform better when they are allowed to participate in setting their own work goals. In contrast, Theory X suggests that people inherently dislike work, avoid responsibility, and must be coerced or controlled to achieve goals. Thus, in a Theory Y environment, goals are typically achieved through enticements and rewards, contrasting the use of rules and punishments associated with Theory X.
Douglas McGregor, who developed these theories, believed that Theory Y is more conducive to creating an engaged and motivated workforce. Under Theory Y, rather than being directed every step of the way, employees are given the autonomy to contribute ideas and take ownership of their work, leading to a more dynamic and empowered workplace.
A conservative investor has a portfolio that consists of diversified investments in equity securities, debt securities, and money market instruments. The investor is mildly concerned about a downturn in the stock market. If this investor were seeking to further diversify, which of the following would be the BEST recommendation?
[A] A Balanced Fund
[B] Real Estate-Related Investments
[C] A Hedge Fund
[D] Speculation in Equity Options
Answer:
Real Estate-Related Investments.
Explanation:
Real estate related investments involves the purchase, management, renting and sale of real estate properties with the aim of making profit.
Real estate investment is capital intensive and has low liquidity compared to other forms of investment.
This will be a good option for the conservative investor because real estate investment is stable and not prone to huge losses that can be incurred in the money markets. Also real estate is not affected by equities market. So will be a safety net in case of failure in the equity market.
A 37-year old individual purchases a life insurance policy of $95,000 for an annual payment of $250. based on a insurance report, the probability that an individual is in a life threatening accident this year and survives is 0.999063. find the expected value of the policy for the insurance compan
Answer:Expected value = - 94661.45
Explanation:
The Policy pay out is $95000 ,if a client is in life threatening accident insurance company will loose $95000, if the client is not in a life threatening accident the insurance company will gain $250
Probability (Client is in a threatening accident) = 0.999063
Probability (not in a life threatening accident)= 1 - 0.999063 = 0000937
Insurance Premium = $250
Insurance Payout = $95000
expected value = 0.999063 x (- (95000 - 250)) + 0.000937 x (250)
expected value = 0.999063 x (-94750) + 0.000937 x (250)
expected value = - 94661.21925 + 0.23425 = - 94661.44675
expected value = - 94661.45
Answer:
$160.75
Explanation:
the expected value of the policy will = (premium x probability of surviving) - (policy benefits x probability of dying)
the probability of surviving = 0.999063
the probability of dying = 0.000937
policy's expected value = ($250 x 0.999063) - ($95,000 x 0.000937) = $249.77 - $89.02 = $160.75
If a monopolist produces 100 units of output at a market price of $5 per unit with marginal revenue per unit equaling $4, we would expect that if the monopolist's good was provided under pure competition, quantity would be: (Points : 1)
a.Higher than 100 units, price lower than $5, and MR = price
b.Lower than 100 units, price greater than $5, and MR = price
c.Higher than 100 units, price greater than $5, and MR = price
d.Lower than 100 units, price lower than $5, and MR = price
Answer: a. Higher than 100 units , price lower than $5 and Mr = price
Explanation:
Firms competing in perfect market conditions are Price Takers, the produce quantity at the level where Marginal Revenue equals Marginal cost. Since firms are price takers their Marginal Revenue is the Market Price P. They can only increase quantity if they want to earn more profit, Therefore Price = Marginal Revenue = Marginal Cost.
The Quantity will increase and the price will be lower than $5. Price = Marginal Revenue = Marginal cost. The Price will be $4
Final answer:
Under pure competition, the output would be higher than the monopolistic 100 units, the price would be lower than $5, and marginal revenue would equal the market price.
Explanation:
If a monopolist produces 100 units of output at a market price of $5 per unit with marginal revenue per unit equaling $4, we would expect that if the monopolist's good was provided under pure competition, quantity would be higher than 100 units, price lower than $5, and MR equal to price. This scenario corresponds to option (a): Higher than 100 units, price lower than $5, and MR = price. The reason for this is that under pure competition, firms cannot influence the market price by altering their output level; hence, the market price equals the marginal revenue (MR = P), and the quantity produced would be at the point where this price intersects the marginal cost (MC), which typically allows for a greater quantity than a monopolist would produce.
If a company has a resource that could be used for something else, the cost is the profit that could be derived from the best alternative use of the resource. (Enter only one word per blank.)
Answer:
Opportunity.
Explanation:
Opportunity cost is defined as the forgone alternative of doing a particular activity. For example if I can go to a movie or work and I decide to go to the movie. The opportunity cost is the wages I would have earned had I gone to work.
In this scenario if a company has a resource for example a car that can be used to either transport inventory of the the sales team out for sales activities. The opportunity cost of taking a sales trip will be the cost that would have been saved by picking up the inventory.
Total economic cost is the sum of the cost of doing something and the opportunity cost of forgone alternative.
________ refers to how people make decisions in a lottery or with uncertainty. People do not generally make expected value decisions. They tend to overweight unlikely outcomes and underweight more likely events.a. Heuristicsb. Rational decision makingc. Prospect theory
Answer:
The correct answer is c. Prospect theory.
Explanation:
Prospective theory belongs to behavioral economics and stands out as an alternative model to the expected utility theory, since the validity of the rational agent's neoclassical assumption is questioned. This theory was developed by Nobel laureate Daniel Kahneman and his collaborator Amos Tversky in his »Prospect Theory: An Analysis of Decision under Risk” (1979). They used the results obtained from both his own empirical observations, as of several experiments.
Individuals set preferences based on a specific situation and circumstances, rather than in absolute terms. This means that depending on their initial situation, agents will act in one way or another. One of the results of this reasoning leads to behavioral asymmetries between situations of possible losses or gains. Individuals, for example, are generally more risk averse than profit lovers. An endowment effect is also derived from this analysis, since the compensation required by someone to dispose of a good is greater than what they would be willing to pay to acquire it.
Suppose Chris and Laura attend a charity benefit and participate in a silent auction. Each has in mind a maximum amount that he or she will bid for an oil painting by a locally famous artist. This maximum is called of:_________. a. deadweight loss. b. willingness to pay c. consumer surplus. d. producer surplus.
Answer:
b. willingness to pay
Explanation:
Willingness to pay is the term used for the economic value of the good to a person willing to buy under some given conditions. In this situation there is a silent auction which requires willingness of participant to pay the painting under auction. There is no competition involved and in absence of any comparison of prices b. willingness to pay is appropriate term to be used for this.
Harvey quit his job at State University where he earned $45,000 a year. He figures his entrepreneurial talent or foregone entrepreneurial income to be $5,000 a year. To start the business, he cashed in $100,000 in bonds that earned 10 percent interest annually to buy a software company, Extreme Gaming. In the first year, the firm sold 11,000 units of software at $75 for each unit. Of the $75 per unit, $55 goes for the costs of production, packaging, marketing, employee wages and benefits, and rent on a building.
Refer to the above information. The implicit costs of Harvey's firm in the first year were:_________.
a. $50,000
b. $60,000
c. $100,000
d. $150,000
Answer: B. $60000
Explanation:
Implicit cost is the difference between the total revenue and the explicit cost( direct payment made to others in the course of running a business such as rent, material, wage) incurred by a firm. It represents an opportunity cost that arises when a company uses internal resources toward a project without any explicit compensation for the utilization of resources.
Given;
Units of software sold = 11000
Cost per unit = $75
Explicit cost ( costs of production, packaging, marketing, employee wages and benefits, and rent on a building) = $55 of cost per unit.
Therefore,
Total revenue = 11000 × $75 =$825000
Explicit cost = 11000 × $55 = $605000
Profit = $825000-$605000 =$22000
Salary at previous job = $45,000
Forgone entrepreneurial income =$5000
$100000 Bond at 10% interest per annum = $110000
Therefore,
$45000+5000+110000 = $160,000
Implicit cost = $220000-$160000 = $60000
If a taxpayer does not have enough taxes withdrawn from her paychecks throughout the year to equal the total tax she is required to pay that year, she will owe the government the remaining balance. On the other hand, if the taxpayer has more money withheld for taxes than she is required to pay that year, she will receive a refund for the difference.Mary has determined that, based on her annual income of $36,000, her federal income tax for the year is $5,424. Mary gets paid on a bi-weekly basis, giving her 26 paychecks throughout the 52 week year.What is the minimum amount Mary must have withheld from each of her 26 bi-weekly paychecks in order to avoid owing the federal government at the end of the year
Answer:
$209
Explanation:
Since Mary's estimated annual income taxes are $5,424, then to determine the amount that should be withheld every two weeks, all we need to do is divide her total estimated taxes by 26 weeks = $5,424 / 26 weeks = $208.62 ≈ $209. generally you do not include cents in tax filings or payments, you need to round up or down. In this case you need to round up, even software rounds the amounts to the nearest dollar.
The minimum amount Mary must have withheld from each of her 26 bi-weekly paychecks in order to avoid owing the federal government at the end of the year is $208.62.
What is the taxpayerTo calculate the minimum amount Mary must have withheld from each of her 26 bi-weekly paychecks:
Mary's federal income tax for the year is $5,424, and she receives 26 bi-weekly paychecks in a year.
Minimum withholding per bi-weekly paycheck = Total federal income tax / Number of paychecks
= $5,424 / 26
$208.62
Therefore, the minimum amount Mary must have withheld from each of her 26 bi-weekly paychecks in order to avoid owing the federal government at the end of the year is $208.62.
Read more about taxpayer here:
https://brainly.com/question/26479536
#SPJ3
Sears department stores used to plant employees in competitor stores to perform research and analysis. Recently the company implemented a system that can search competitor websites and provide comparisons of price, promotions, and availability and the system is saving time, money, and resources. What type of system did Sears implement? Group of answer choices
Answer:
The correct answer is shopping bot.
Explanation:
A bot (robot apheresis) is a computer program that automatically performs repetitive tasks over the Internet, whose realization by a person would be impossible or very tedious.
Some examples of bots are the web crawlers of Internet search engines, which run through websites automatically and collect information from them much faster and more effectively than a person would. "Good" bots meet robot exclusion standards, which server operators can use to influence a robot's behavior within limits. "Malicious" bots are used, for example, to collect email addresses for advertising purposes, to make unauthorized mass copies of web content or to systematically spy on server software vulnerabilities in order to penetrate them . In social networks, bots are used to simulate human interaction, artificially inflating the number of visits or followers, or automating responses to position messages or influence debates. The so-called conversational bots are artificial intelligence systems that simulate a conversation with a person using natural language.
The task of securing all necessary personnel, space, and financing; supervising all production and promotion efforts; fielding all legal matters; and distributing the proceeds derived from receipts falls to the:_______.
Answer: producer
Explanation: The task of securing all necessary personnel, space, and financing; supervising all production and promotion efforts; fielding all legal matters; and distributing the proceeds derived from receipts falls to the producer.
Skills expected from a producer are:-
Organization / Scheduling.
Budgeting.
Problem Solving skills.
Multitasking skills.
Communication skills.
TickTock Clock Corporation is attempting to develop a truly diverse workplace. As a first step, they have decided to expand their recruiting efforts. Which of the following is not an appropriate way to do this? A. Host speaking and networking events. B. Offer internship programs for racial and ethnic minorities. C. Create informal mentoring programs. D. Offer scholarship for the children of current employes.
Answer:
D) Offer scholarship for the children of current employees.
Explanation:
By offering scholarships to the children of current employees, the company will not increase the diversity of its workplace because the employees' children should be like their parents, e.g. Asian parents have Asian kids.
All the other options help to increase workplace diversity, specially internship programs for racial and ethnic minorities.
"Suppose Dave's Discount's Merchandise Inventory account showed a balance of $8,000 before the year-end adjustments. The physical count of goods on hand totaled $7,400. Dave uses a perpetual inventory system. To adjust the accounts, which entry would the company make?"
Answer and Explanation:
Given:
Merchandise Inventory balance = $8,000
Goods on hand = $7,400
Adjustment entry:
Books of (--- limited)
Journal entry
Date Account Title and Explanation Debit Credit
Cost of Goods Sold A\c Dr. $600
Merchandise Inventory A\c Cr. $600
(Being Inventory recorded under perpetual inventory system)
Note: Cost of goods sold adjusted = $8,000 - $7,400 = $600
1. Issued shares of common stock to investors in exchange for $100,000 in cash. select an option 2. Borrowed $45,000 by issuing bonds. select an option 3. Purchased delivery trucks for $60,000 cash. select an option 4. Received $16,000 from customers for services performed. select an option 5. Purchased supplies for $4,700 on account. select an option 6. Paid rent of $5,200. select an option 7. Performed services on account for $10,000. select an option 8. Paid salaries of $28,000. select an option 9. Paid a dividend of $11,000 to shareholders.
Answer:Please refer to the explanation section
Explanation:
The question is incomplete. The were no requirements provided in the question . I will assume the question requires us to prepare journal entries for the transactions listed in the question
1.Dr Bank (Cash) 100 000
Cr Shareholders Equity 100 000
2.Dr Bank 45000
Cr Bonds Long term liability 45000
3. Dr Delivery Truck 60 000
Cr Bank 60 000
4.Dr Bank 16000
Cr Sales/Revenue 16000
5.Dr Consumables / Supplies 4700
Cr Trade Payable 4700
6. Dr Rent Expense 5200
Cr Bank 5200
7.Dr. Account Receivables 10 000
Cr Sales/ Revenue 10 000
8. Dr Salaries (expense) 28000
Cr Bank 28000
Dr Dividends Paid 11000
Cr Bank 11000
What is the minimum annual cash flow required to accept the project?
Explanation:
The minimum cash flow:
"To accept the project , Present value of future cash flows , must be equal to Initial Investment , so that "net present value" of project is equal to zero".
The company will likely to get increase and will be profitable if the NPV that is "Net present value" is "greater than zero".
NPV rule states that, a company manager or an "investor can invest" the money in a project where the "net present value" is greater than zero. It is not recommended to invest in a project where the "net present value" stands negative.
heather's clarification of the task andrea is presenting to the group reflects which of the steps from the rational decision-making model in exhibit 6-3 loading...?
a. evaluate the alternatives
b. identify the decision criteria
c. select the best alternative
d. develop the alternatives
e. define the problem
Final answer:
Heather's clarification closely corresponds with 'b. identify the decision criteria' in the rational decision-making model. Her actions involve an evaluation process to assess various options before refining the decision, indicating meticulous assessment and improvement of solutions.
Explanation:
Heather's clarification in Andrea's presentation to the group seems to be part of the rational decision-making model where various alternatives are evaluated based on specific criteria to determine which option best solves the problem at hand. The step that most closely reflects Heather's actions from the options provided would be 'b. identify the decision criteria.' This aligns with the model's sequence of defining the problem, identifying decision criteria, developing alternatives, evaluating the alternatives, and finally, selecting the best alternative for implementation.
Heather's thorough evaluation process of the possible ideas to determine the most suitable solution embodies the step within the rational decision-making model where emphasis is placed upon the meticulous assessment of each alternative. Then, refinement of the selection, as mentioned in the given material, would likely come after the evaluation of alternatives, showing how potential solutions are adjusted and improved upon to better meet the requirements and constraints before reaching a final decision.
Jawson Corporation uses the weighted-average method in its process costing system. Operating data for the Painting Department for the month of April appear below: Units Percent Complete with Respect to Conversion Beginning work in process inventory 6,300 10% Transferred in from the prior department during April 65,600 Ending work in process inventory 4,600 70% What were the equivalent units for conversion costs in the Painting Department for April?a. 67,300 b. 70,520 c. 68,820 d. 63,900
Answer:
The equivalent units for conversion costs in the Painting Department for April is b. 70,520
Explanation:
Equivalent Units for Conversion cost means the Total Units in terms of degree of Conversion Costs applied to those units.
To calculate the equivalent units for conversion costs in the Painting Department for April we:
First Determine the Units Completed and Transferred Out of the Painting Department
Hint: Units Inputs must equal Units out puts
Units Completed and Transferred Out = Units of Opening Work In Process + Units Transferred In from Prior Department - Ending Work In Process
= 65,600+6,300-4,600
= 67,300
Second Calculate the total Units of Conversion Costs
Completed and Transferred Out - 100% 67,300
Add Closing Work In Process - 70% 3,220
Total Units for Conversion Costs 70,520
Answer: B. 70520
Explanation:
Given the following ;
Beginning work in process = 6,300, 10%
Ending work in process = 4,600, 70%
Transferred from previous department= 65,600
Applying the weighted average method,
Unit transferred = beginning work in process + transferred from business department - ending work in process
Unit transferred = 6300 + 65600 - 4600
Unit transferred = 71900 - 4600 =67300
Equivalent unit for conversion = ending process inventory × 0.7 + units transferred = (4600 ×0.7) +67300
3220 + 67300 = 70520
Campaign messages can be scheduled differently, depending on budget and the audience's needs. _____ describes a strategy that shows messages throughout the campaign, but during some periods of time, the messages are more frequent.
Answer: Advertising campaign
Explanation:
Campaign messages can be scheduled differently, depending on budget and the audience's needs. Flighting describes a strategy that shows messages throughout the campaign, but during some periods of time, the messages are more frequent.
Flighting is a marketing strategy where the campaign messages are shown throughout the duration of the campaign, but the frequency of these messages varies.
During certain periods, known as ""flights,"" the messages are aired more frequently to capitalize on peak times when the target audience is more likely to be attentive or when the product or service is more relevant. This approach allows for a more efficient use of the marketing budget by concentrating the advertising efforts during these key periods rather than spreading them evenly across the entire campaign duration.It is particularly useful for products or services that have seasonal demand or when there is a need to create a strong impact within a shorter time frame."
________ is atype of economic system is also known as a centrally planned system.
Answer:
Centrally Planned Economy
Explanation:
A centrally planned economy, also known as a command economy, is an economic system in which a central authority, such as a government, makes economic decisions regarding the manufacturing and the distribution of products. Centrally planned economies are different from market economies, in which such decisions are traditionally made by businesses and consumers.
The production of goods and services in command economies is often done by state-owned enterprises, which are government owned companies. In centrally planned economies, which are sometimes referred to as "command economies", prices are controlled by bureaucrats.
Answer:
A centrally planned economy is the one where means of production, land,labor ,capital and entrepreneur are owned and controlled by the government
Explanation:
This is an opposite of free market economy where means of production are in the hands of private individuals who canvass for ways to increase their wealth rather than providing basic services which are crucial to continued survival of the people as it is found under a centrally planned economy which is also known socialist economy.
There is imposition on the consumers rather than a situation where consumers are allowed to make their choices since government running a business venture in a monopolistic way would not allow competitors to operate which might bring about increased efficiency.
In the United States, ownership of intellectual property rights is established by "prior use versus registration" which implies that to claim the ownership of a trademark, an individual mustA. be recognized by the United Nations trademark protection agency. B. pay for the right to own a trademark. C. establish first use of a trademark. D. prove the ownership of a trademark in a court of law. E. register a trademark only in his home country.
Answer:
D. prove the ownership of a trademark in a court of law
Explanation:
The intellectual property laws in the united states is under the Federal laws and are directly followed by the constitution for the copywriter and the patents and only the federal govt has the power to make laws and the ability to regulate commerce.The correct option is C: establish first use of a trademark. In the United States, to claim ownership of a trademark, an individual must establish first use of the trademark in commerce.
In the United States, ownership of intellectual property rights related to trademarks is established primarily by proving first use, which means that an individual must establish first use of a trademark to claim ownership, according to the principle of 'prior use versus registration.' This is different from paying for the right or registering solely in one's home country. Establishing first use means that the trademark must be used in commerce and be recognizable by consumers as indicating the source of the goods or services.
Here's why this is the correct answer:
Prior Use: Trademark rights in the United States are primarily based on prior commercial use of the mark. This means the first entity to use a trademark in commerce generally has superior rights over others who may attempt to use or register a similar mark later.Registration: While registration of a trademark with the United States Patent and Trademark Office (USPTO) provides important benefits and protections, it is not the sole determinant of ownership. Registration enhances legal protections and provides a legal presumption of ownership and exclusive rights, but it's not the only way to establish rights.Options Not Related to Prior Use:
Option A (be recognized by the United Nations trademark protection agency) is incorrect because there is no such specific agency; trademark rights are typically enforced nationally or regionally.Option B (pay for the right to own a trademark) is incorrect because payment alone does not confer ownership; it's about use and/or registration.Option D (prove the ownership of a trademark in a court of law) is incorrect because while litigation may be necessary to enforce rights, ownership is established by use.Option E (register a trademark only in his home country) is incorrect because trademark rights must be protected where the mark is used in commerce, which may include multiple countries depending on business activities.The complete question is:
In the United States, ownership of intellectual property rights is established by "prior use versus registration" which implies that to claim the ownership of a trademark, an individual must
A. be recognized by the United Nations trademark protection agency.
B. pay for the right to own a trademark.
C. establish first use of a trademark.
D. prove the ownership of a trademark in a court of law.
E. register a trademark only in his home country.
When an economy is experiencing an economic boom and operating beyond its long-run capacity, Group of answer choices strong demand for investment funds will push interest rates upward. weak demand for resources will push the prices of resources downward. weak demand for investment funds will cause the real interest rate to decline. the unemployment rate will be greater than its natural rate.
Answer:
strong demand for investment funds will push interest rates upward.
Explanation:
Since the economy is booming, the demand for investment funds will be very large, even if the economy is not operating beyond its long run capacity. Just the mere fact that the economy is growing will result in an increase in the demand for money, and the price of money is interest. If the quantity demanded increases, then the price of money (interest rates) will also increase. This affects both the demand for investment funds and credit for consumption.
On the other hand, if the economy is declining, the demand for money decreases, resulting in lower interest rates.
Pete and Dana are working on a project together. They disagree on how to present the key concept of equality. Dana complains that Pete is dismissing her "feminist" position without consideration. Pete claims that Dana considers him a chauvinist. Wyatt, their supervisor, knows that both Pete and Dana are committed employees who support equality. He sits both of them down to work through the issues. This reflects _____ justice.
Answer:
restorative justice.
Explanation:
Based on the information provided within the question it can be said that this scenario best reflects the concept known as restorative justice. This term refers to an approach to justice where both sides of an argument or crime are sat down in a meeting with one another (and sometimes a representative) to talk about the issue and figure out a solution. Which is what supervisor did in this scenario with Pete and Dana.
Item4 Item 4Item 4 Profit as calculated from the profit equation can be challenging to predict because the ________ varies with the chosen price, and can also impact the variable costs through production efficiencies.