This a specific bequest because it is written in a will
Explanation:
There are different types of legacy wills that are passed on from one generation to the other and the will which is given in the statement is identified as specific bequest
This is the gift that is made at the time of the death that is through a testament or by a living trust and the assets or the item is passed on from one legacy to another and here the gold watch is passed down to his brother so that he can hold it until his death
The correct option is c. a specific bequest.
In the context of wills and estates, different terms are used to describe various types of gifts left to beneficiaries.
a. A general legacy is a gift of money or personal property that is not specifically identified. It is payable out of the general assets of the estate.
b. A residuary legacy is a gift of the remainder of the estate after all other gifts, debts, taxes, and expenses have been paid.
c. A specific bequest is a gift of a specifically identified item of personal property, such as a piece of jewelry, a car, or in this case, a gold pocket watch.
d. A specific devise is similar to a specific bequest but refers specifically to real property, such as land or buildings.
Since Travis's will states that he gives his gold pocket watch to his brother Ubi, this is a specific bequest because it is a gift of a specifically identified item of personal property. Therefore, the correct answer is that it is a specific bequest.
In the two-period dynamic monopoly, if the monopolist succeeds in selling a sufficiently high quantity in the first period,A)the second-period demand curve will become horizontal.B)the second-period demand curve will become unit elastic.C)the second-period demand curve will lie close to the price axis.D)the second-period demand curve will shift substantially to the right.
Answer:
D)the second-period demand curve will shift substantially to the right.
Explanation:
If monopolist succeeds in selling a sufficiently high quantity in the first period, then in the second period it will further increase and will shift the demand curve to right hand.
Final answer:
The second-period B) demand curve in a two-period dynamic monopoly will become more elastic if the monopolist succeeds in selling a sufficiently high quantity in the first period.
Explanation:
A monopoly market is characterized by a single seller dominating the entire industry, with no close substitutes for its product or service. This absence of competition grants the monopolist significant pricing power. Barriers to entry, such as high entry costs or exclusive access to resources, further contribute to the monopolistic nature of the market.
The second-period demand curve in a two-period dynamic monopoly will become more elastic if the monopolist succeeds in selling a sufficiently high quantity in the first period. This means that the demand curve will be more responsive to changes in price, resulting in a greater change in quantity demanded for a given change in price.
Big John's Manufacturing Company currently produces its lead product on an "Old Machine" that has a variable cost of $0.32 per unit, and a fixed cost of $75,000. Big John is considering purchasing a "New Machine" that will drop the variable cost to $0.28 per unit, but has a fixed cost of $150,000. The crossover point for these two processes is 1,875,000 units. Referring to Scenario 1 above, which process is the most cost effective for a volume of 460,025 units?
Answer:
Old machine is more cost effective
Explanation:
Data provided in the question:
Variable cost for old machine = $0.32 per unit
Variable cost for new machine = $0.28 per unit
Fixed cost for old machine = $75,000
Fixed cost for new machine = $150,000
crossover point = 1,875,000
For a volume of 460,025 units
Now,
For old machine
Total variable cost = 460,025 × $0.32
= $147,208
Thus,
Total cost =Total variable cost + Fixed cost
= $147,208 + $75,000
= $222,208
For the new machine
Total variable cost = 460,025 × $0.28
= $128,807
Thus,
Total cost =Total variable cost + Fixed cost
= $128,807 + $150,000
= $278,807
Since,
total cost for old machine is low
hence,
Old machine is more cost effective
The cost of finished goods manufactured will exceed the cost of goods sold whenever: Multiple Choice The inventory of finished goods increases over the period. The inventory of work in process increases over the period. The inventory of finished goods decreases over the period. The inventory of work in process decreases over the period.
Answer:
The inventory of finished goods increases over the period.
Explanation:
mathematically:
Cost of finished goods inventory = Beginning Finished Goods Inventory + Cost of Goods Manufactured - Cost of Goods Sold
= The Ending Finished Goods Inventory Amount
The cost of finished goods manufactured will exceed the cost of goods sold when the inventory of finished goods increases. This is because more production requires larger quantities of inputs, therefore more cost.
Explanation:The subject matter here is financial in nature, dealing with concepts related to the cost of goods sold and goods manufactured - vital pieces of understanding for any business. You asked, 'The cost of finished goods manufactured will exceed the cost of goods sold whenever:' and provided multiple choice options. Essentially, the cost of finished goods manufactured will exceed the cost of goods sold whenever the inventory of finished goods increases over the period. This is because producing more goods will require larger quantities of inputs that increase production costs. Therefore, when the inventory of final goods increases, it implies that more goods have been produced than sold, leading to an increase in the cost of goods manufactured. This explanation also aligns with the concept of Quantity Supplied, which illustrates that the cost increases as a firm produces higher quantities of output.
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Sometimes employees have different opinions about how things should be done, or simply have a personality conflict, and then Candace fulfills the ____________ role of management, resolving the dispute. This is part of the ____________ component.
Answer:
Disturbance Handler
Decisional
Explanation:
Sometimes employees have different opinions about how things should be done, or simply have a personality conflict, and then Candace fulfills the disturbance handler role of management, resolving the dispute. This is part of the decisional component
Your clients, Adam and Amy Accrual, have a 21-year-old daughter named April. April is single and is a full-time student studying for her bachelor’s degree in accounting at California Poly Academy (CPA) in Pismo Beach, California, where she lives with her roommates year-round. Last year, April worked at a local bar and restaurant four nights a week and made $18,000, which she used for tuition, fees, books, and living expenses. Her parents help April by sending her $300 each month to help with her expenses at college. This is all of the support given to April by her parents. When preparing Adam and Amy’s tax return, you note that they claim April as a dependent for tax purposes. Adam is insistent that they can claim April because of the $300 per month support and the fact that they "have claimed her since she was born." He will not let you take April off his return as a dependent. Would you sign the Paid Preparer’s declaration (see example above) on this return? Why or why not?
Solution:
For order to apply to a child as a minor, the child must be either under the age of 19 or under the age of 24.
If the taxpayer or his spouse is deemed dependent on another tax return, the standard deduction which can be granted on the return of the taxpayer is usually limited to the higher of:
1. $1,050 or
2. The individual's earned income for the year plus $350(subject to standard deduction amount of $6,350, in general)
Here while preparing the tax returns of Adam and Amy, they have included April as a dependent. Therefore,April can be taken as a dependent in the tax return since April is still living on the support of her parents. But Adam can get standard deduction as limited as per the law in the return, disclosing April's income.
The standard deduction available is higher of
1. $1,050 or
2. $18,000+$350 but subject to $6,350
Therefore Adam can get a deduction of $6,350.
Adam and Amy Accrual may not claim their daughter April as a dependent if she provided more than half of her own support, which appears likely given her earnings compared to the support they provided. The preparer must ensure the return is accurate and may need to discuss legal obligations and consequences of incorrect claims with the client.
When it comes to claiming April as a dependent on Adam and Amy Accrual's tax return, several IRS tests must be met to determine whether she qualifies. One of the key factors includes the amount of support provided. If April provided more than half of her own support through her earnings, then Adam and Amy may not have the right to claim her as a dependent. Considering April made $18,000 and only received $3,600 ($300 per month) from her parents, it seems she provided over half of her support. Further analysis on whether April meets the age, relationship, residency, and joint return tests, as well as the support test and income considerations, would be necessary to make a definitive decision. As a tax preparer, one must ensure to the best of their knowledge that the information on the tax return is correct. If Adam refuses to accurately represent April's dependency status, you should consider discussing the situation with them, clarifying their legal obligations, and the consequences of incorrect claims. Ultimately, if you cannot reconcile the situation with accurate tax law, it would be inappropriate to sign the tax return as the preparer.
The following chart describes opportunities and challenges in the external environments that surround businesses. Which of the following statements best characterize and fit in the empty cells?
Answer:
Identity theft is a challenge in the technological environment of businesses, while the desire for green living presents opportunities for new businesses in the global environment.
Explanation:
Database present cannot be a challenge in the context of the global environment. Therefore, it is incorrect.
E-commerce, by no means, is a costly technology. It is a cost-effective technology. Therefore, it is also incorrect.
Identify theft is a challenge but war and terrorism cannot satisfy the global environment. So, it is wrong.
Identify theft is a challenge while green living presents opportunities for new businesses in the global environment. Therefore, it is the correct option.
Byron Books Inc. recently reported $13 million of net income. Its EBIT was $20.8 million, and its tax rate was 35%. What was its interest expense?
Answer:
$0.8million
Explanation:
Net income of any corporation can be calculated as follows:
Net income=EBIT-interest expense-tax expense
Net income=$13 million
Interest expense=?
tax expense=(EBIT- interest expense)*35%=($20.8million- interest expense)*35%
13=20.8-interest expense-($20.8million- interest expense)*35%
13=20.8-interest expense-(7.28-0.35*interest expense)
13=20.8-interest expense-7.28+0.35*interest expense
13=13.52-0.65*interest expense
13-13.52=-0.65*interest expense
-0.52=-0.65*interest expense
interest expense=-0.52/-0.65=$0.8million
Byron Books Inc.'s interest expense can be calculated by subtracting the net income after tax from the net income before interest, which is derived by deducting taxes from EBIT. The interest expense is $520,000.
To calculate Byron Books Inc.'s interest expense, we start with the company's EBIT (Earnings Before Interest and Taxes) which is $20.8 million. We know that the net income after tax is $13 million and the tax rate is 35%. First, we need to calculate the taxes Byron Books would pay on its EBIT:
Taxes = EBIT × Tax Rate = $20.8 million × 35% = $7.28 million.
Subtracting the taxes from EBIT yields the net income before interest.
Net Income Before Interest = EBIT - Taxes = $20.8 million - $7.28 million = $13.52 million.
Since the net income after taxes is $13 million, the difference between the net income before and after interest gives us the interest expense:
Interest Expense = Net Income Before Interest - Net Income After Tax = $13.52 million - $13 million = $0.52 million or $520,000.
On July 1, R. Selleck and M. Monroe formed a partnership to provide legal services to clients. Selleck's investment is $10,000 cash and office equipment of $5,000. Monroe's net investment is also $10,000, but it is comprised of cash $15,000 and a note payable reflecting a bank loan for the new business $5,000.
Record R. Selleck’s investment by selecting the account names from the drop-down menus and entering the dollar amounts.
Answer:
See explanation section
Explanation:
Journal entry to record R. Selleck's Investment is as follows:
Debit Cash $10,000
Debit Office Equipment $5,000
Credit Capital, R. Selleck $15,000
Since he provides cash and office equipment, both the investment will be considered as capital of R. Selleck. Since he does not take any loan to provide money to the partnership business, no entry is made for loan.
Vang Corp.'s stock price at the end of last year was $38 and its earnings per share for the year were $2.30. What was its P/E ratio? Select the correct answer. a. 16.52 b. 16.82 c. 15.92 d. 16.22 e. 15.62
Answer:
a. 16.52
Explanation:
The P/E ration is the ratio of an entity's share price to the earnings per share. It is a measure used to measure the accuracy of the valuation of one company's share with another.
Given;
Share price = $38
Earnings per share = $2.30
P/E ratio = share price/earnings per share
= $38/$2.30
= 16.52
Option a.
Which of the following methods seeks to effect positive change in processes and organizations by using a set of practical tools to address business issues and process problems. Select one:
a. BPR (Business Process Reengineering)
b. TQM (Total Quality Management)
c. Rummler-Brache
d. Six Sigma Methodologies
e. Lean
f. This statement can apply to more than one of the above.
Six Sigma methods seeks to effect positive change in processes and organizations with the use of practical tools .
What is Six Sigma method?Six Sigma is a methodology that is used to eliminate defects and improve business to earn more profit.
Therefore, this method is used to address business issues and process problems.
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Develop a two-period weighted moving average forecast for periods 12-15.
Use weights of 0.7 and 0.3. with the most recent observations weighted higher.
Period Demand
10 274
11 320
12 426
13 294
14 473
Calculate the forecasts for periods 12-15 by using a two-period weighted moving average model.
Period Demand Forecast
10 274
11 320
12 426
13 294
14 473
15
Answer:
Period Forecast
12 306.2
13 394.2
14 333.6
15 419.3
Explanation:
Weights
Period Demand older 0.3 recent 0.7 Forecast
10 274
11 320
12 426 82.2(274 x 30%) 224(320 x 70%) 306.2
13 294 96(320x30%) 298.2(426x70%) 394.2
14 473 127.8(426x30%) 205.8(294x70%) 333.6
15 88.2(294x30%) 331.1(473x70%) 419.3
From the given infroamtion period n forecast will be:
(n-1) x 70% + (n-2) x 30%
Period 13 = Period 12 x 70% + Period 11 x 30%
In order to calculate forecasts using a two-period weighted moving average, weights are given to most recent observations. In this particular example, the weights of 0.7 and 0.3 are given. After calculating, forecast for period 12 is 318, for period 13 is 391.8, for period 14 is 312, and for period 15 is 414.3.
Explanation:The process of calculating forecasts using a two-period weighted moving average involves applying certain weights to the most recent periods. In this specific case, you've stated that the weights are 0.7 for the most recent observation and 0.3 for the older observation. Let's calculate the forecasts:
Forecast for period 12, which uses data from periods 10 and 11, would be calculated as (0.7*320) + (0.3*274) = 318.Similarly, the forecast for period 13, which uses data from periods 11 and 12, would be as (0.7*426) + (0.3*320) = 391.8.The forecast for period 14, using data from periods 12 and 13, would be (0.7*294) + (0.3*426) = 312.Finally, the forecast for period 15, using data from periods 13 and 14, would be (0.7*473) + (0.3*294) = 414.3.Learn more about Weighted Moving Average here:https://brainly.com/question/32275991
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A politician is interested in the proportion of voters in his district who think he is doing a good job.
True/False
A politician should be interested in the proportion of voters in his district.
The answer is true.
Explanation:
This is not only true for politician but also for any job which involves voting.
A person / leader will be recognized, if he
look into the welfare of the societytakes measure when problem occursis easily accessible to the publiclend his ears to the problemsprovides an unbiased approachhe is interested in doing serviceobeys lawsBut it does not mean that, the person who got victory in the election has done good job in the previous service period. There are many factors that decide the polling of vote.
Kyle Parker of Concord, New Hampshire, has been shopping for a new car for several weeks. He has negotiated a price of $38,000 on a model that carries a choice of a $2,500 rebate or dealer financing at 2 percent APR. The dealer loan would require a $1,000 down payment and a monthly payment of $649 for 60 months. Kyle has also arranged for a loan from his bank with a 4 percent APR. Use the Run the Numbers worksheet to advise Kyle about whether he should use the dealer financing or take the rebate and use the financing from the bank. Round your answer to two decimal places.
Adjusted APR (dealer financing):______ %
Kyle should use . (the dealer financing or the financing from the bank)
To advise Kyle on whether he should use the dealer financing or take the rebate and use the financing from the bank, we compare the costs of the two options. The adjusted APR for the dealer financing is 1.92%, which is lower than the financing from the bank. Therefore, Kyle should use the dealer financing option.
Explanation:To advise Kyle on whether he should use the dealer financing or take the rebate and use the financing from the bank, we need to compare the costs of the two options. Here's how we can calculate the adjusted APR for the dealer financing and determine which option is more advantageous:
Dealer Financing:Calculate the total cost of the loan from the dealer by multiplying the monthly payment by the number of months: $649 * 60 = $38,940.Calculate the effective loan amount by subtracting the down payment from the negotiated price: $38,000 - $1,000 = $37,000.Find the monthly interest rate by dividing the APR by 12: 2% / 12 = 0.1667%.Calculate the monthly interest paid by multiplying the loan amount by the monthly interest rate: $37,000 * 0.1667% = $61.67.Calculate the adjusted monthly payment by adding the monthly interest to the original monthly payment: $649 + $61.67 = $710.67.Calculate the adjusted APR by dividing the adjusted monthly payment by the effective loan amount: ($710.67 / $37,000) * 100 = 1.9219%.Bank Financing:Calculate the monthly interest rate by dividing the APR by 12: 4% / 12 = 0.3333%.Calculate the monthly interest paid by multiplying the loan amount by the monthly interest rate: $37,000 * 0.3333% = $123.32.Calculate the adjusted monthly payment by adding the monthly interest to the original monthly payment: $649 + $123.32 = $772.32.Based on the calculations, the adjusted APR for the dealer financing is 1.92%. Therefore, Kyle should use the dealer financing option as it offers a lower adjusted APR compared to the financing from the bank.
Alex, Ellen and Nicolas are equal partners in a local restaurant. The restaurant reports the following items for the current year: Business revenue $770,000 Business expenses 470,000 Investment expenses 150,000 Each partner receives a Schedule K-1 with one-third of the preceding items reported to him/her. How must each individual report these results on his/her Form 1040? $100,000 income on Schedule E; $50,000 investment expense on Schedule A $257,667 income on Schedule E; $50,000 investment expense on Schedule A $300,000 income on Schedule E; $50,000 investment expense on Schedule A $300,000 income on Schedule E; $150,000 investment expense on Schedule A
Answer:
$100,000 income on Schedule E; $50,000 investment expense on Schedule A
Explanation:
According to the Internal revenue service, the investment expense that is incurred would be eligible for the deduction and this would be added to the miscellaneous itemized deduction in Form 1040 Schedule A.
We assume that the investment expense would be incurred for the investment earning so it would be reported to Schedule A for $50,000 after considering the one-third.
And, the business income is reflected on Schedule A for $100,000 that is computed below:
= (Business revenue - business expense) ÷ given ratio
= ($770,000 - $470,000) ÷ 3
= $300,000 ÷ 3
= $100,000
If we were able to invest a Gradient = $100 at the end of each year for 7 years at 6% interest (i.e., So at the end of year 1, $100 at the end of year 2, $200 at the end of year 3, ..., and $600 at the end of year 7), what Annual amount or Annuity could we take out of the bank starting at the end of the first year and continuing until the end of the seventh year?
Answer:
We can withdraw an equivalent annuity of $ 293.658 each year.
Explanation:
We build a scheduled table to know the future value of the gradient investment
Time Beg Gradient Total Rate Ending
1 $100.00 $100.00 $100.00 0.060 $106.00
2 $106.00 $100.00 $206.00 0.060 $218.36
3 $218.36 $200.00 $418.36 0.060 $443.46
4 $443.46 $300.00 $743.46 0.060 $788.07
5 $788.07 $400.00 $1,188.07 0.060 $1,259.36
6 $1,259.36 $500.00 $1,759.36 0.060 $1,864.92
7 $1,864.92 $600.00 $2,464.92 0.060 $2,612.81
Then, we solve for the equivalent annuity-due:
[tex]PV \div \frac{1-(1+r)^{-time} }{rate}(1+rate) = C\\[/tex]
PV 2,613
time 7
rate 0.06
[tex]2612.81 \div \frac{1-(1+0.06)^{-7} }{0.06}(1+0.06) = C\\[/tex]
C $ 293.658
Itis annuity due as we will going to retire cash in a 6 year period for seven times. (at each year-end during 6 years thus, annuity-due
1st 2nd 3rd 4th 5th 6th 7th
/-------/-------/-------/-------/-------/-------/-------/
1 2 3 4 5 6 7
At the end of year 7, we could $276.75 as Annuity amount out of the bank starting at the end of the first year and continuing until the end of the seventh year.
To determine the annual amount or annuity we could withdraw from the bank given the gradient investment scenario, we need to find the present value of the gradient series and then convert it to an annuity.
Determine the Future Value (FV) of the Gradient Investment, the formula for the future value of a gradient series is given by:
[tex]FV = G * [( (1 + r)^n - 1 - nr ) / r^2 ][/tex]Where:
G = Initial Gradient Amount ($100)r = Interest Rate (6% or 0.06)n = Number of Periods (7 years)Plugging in the values:
[tex]FV = 100 * [ ((1 + 0.06)^7 - 1 - 7*0.06) / 0.06^2 ][/tex]Calculate the individual terms:
a. Calculate [tex](1 + r)^n[/tex]:
[tex](1 + 0.06)^7 = 1.503630[/tex]b. Calculate [tex](1 + r)^n - 1[/tex]:
[tex]1.503630 - 1 = 0.503630[/tex]c. Calculate nr:
[tex]7 * 0.06 = 0.42[/tex]d. Calculate [tex]( (1 + r)^n - 1 - nr )[/tex]:
[tex]0.503630 - 0.42 = 0.08363[/tex]e. Calculate [tex]r^2[/tex]:
[tex]0.06^2 = 0.0036[/tex]f. Calculate the fraction:
[tex]0.08363 / 0.0036 = 23.2306[/tex]Calculate the Future Value (FV):
[tex]FV = 100 * 23.2306 = 2323.06[/tex]Convert the Future Value to an Annuity (A):
The formula for converting a future value to an annuity is given by:[tex]A = FV * [ r / ( (1 + r)^n - 1 ) ][/tex]Plugging in the values:
[tex]A = 2323.06 * [ 0.06 / ( (1 + 0.06)^7 - 1 ) ][/tex]Calculate the individual terms:
a. Calculate [tex](1 + r)^n:[/tex]
[tex](1 + 0.06)^7 = 1.503630[/tex]b. Calculate [tex]( (1 + r)^n - 1 ):[/tex]
[tex]1.503630 - 1 = 0.503630[/tex]c. Calculate the fraction:
[tex]0.06 / 0.503630 = 0.119142[/tex]Calculate the Annuity (A):
[tex]A = 2323.06 * 0.119142 = 276.75[/tex]So, the annual amount or annuity that can be withdrawn from the bank at the end of each year for 7 years is approximately $[tex]$276.75.[/tex]Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments--Molding and Fabrication. It started, completed, and sold only two jobs during March—Job P and Job Q. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March): Molding Fabrication Total Estimated total machine-hours used 2,500 1,500 4,000 Estimated total fixed manufacturing overhead $ 10,000 $ 15,000 $ 25,000 Estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 Job P Job Q Direct materials $ 13,000 $ 8,000 Direct labor cost $ 21,000 $ 7,500 Actual machine-hours used: Molding 1,700 800 Fabrication 600 900 Total 2,300 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments.
Answer: this question is a lot of work. 5 steps were done for you
Explanation:
The unit manufacturing cost for Job P is $24,812.50, and for Job Q, it is $6,687.50, with a total overapplied overhead of $1,875.
1. Calculate the Plantwide Predetermined Overhead Rate:
Total Estimated Manufacturing Overhead / Total Estimated Machine Hours
= $25,000 / 4,000 machine-hours
= $6.25 per machine-hour
2. Calculate Total Manufacturing Overhead Applied to Jobs P and Q:
Job P:
Molding Department: 1,700 machine-hours x $6.25 per machine-hour = $10,625
Fabrication Department: 800 machine-hours x $6.25 per machine-hour = $5,000
Total = $10,625 + $5,000 = $15,625
Job Q:
Molding Department: 900 machine-hours x $6.25 per machine-hour = $5,625
Fabrication Department: 900 machine-hours x $6.25 per machine-hour = $5,625
Total = $5,625 + $5,625 = $11,250
3. Calculate Total Cost for Jobs P and Q:
Job P:
Direct Materials + Direct Labor + Manufacturing Overhead Applied
= $13,000 + $21,000 + $15,625
= $49,625
Job Q:
Direct Materials + Direct Labor + Manufacturing Overhead Applied
= $8,000 + $7,500 + $11,250
= $26,750
4. Calculate Underapplied or Overapplied Manufacturing Overhead for the Entire Company:
Total Actual Manufacturing Overhead - Total Manufacturing Overhead Applied
= $25,000 - ($15,625 + $11,250)
= $25,000 - $26,875
= -$1,875 (Overapplied)
5. Calculate Overapplied Manufacturing Overhead in the Molding Department:
Total Actual Manufacturing Overhead - Manufacturing Overhead Applied in Molding
= $10,000 - $10,625
= -$625 (Overapplied)
Calculate Overapplied Manufacturing Overhead in the Fabrication Department:
Total Actual Manufacturing Overhead - Manufacturing Overhead Applied in Fabrication
= $15,000 - $5,000
= $10,000 (Underapplied)
6. Calculate the Unit Manufacturing Cost for Jobs P and Q:
Job P: Total Cost for Job P / Number of Units for Job P
= $49,625 / 2 units
= $24,812.50 per unit
Job Q: Total Cost for Job Q / Number of Units for Job Q
= $26,750 / 4 units
= $6,687.50 per unit
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Heidi Ganahl's account of how she founded Camp Bow Wow through great adversity is best characterized as a(n):
Answer:
organizational story
Explanation:
Heidi Ganahl -
She is a very famous author , businesswomen and entrepreneur , the very founder of the Camp Bow Wow , which is a franchise for pet care.
Heidi Ganahl is characterised as an organizational story for her franchise Camp Bow Wow , where the people working in the camp Bow Wow all listen to the inspirational stories of her life , and feel motivated to do the same .
Hence , from the given information of the question,
The correct term is organizational story .
Heidi Ganahl's story of founding Camp Bow Wow is best described as an inspirational narrative. Despite facing personal tragedies and financial struggles, she overcame these challenges to establish her successful business.
Explanation:Heidi Ganahl's experience in founding Camp Bow Wow can be characterized as an inspirational narrative. This is a type of story which details a person's journey through significant challenges, adversity or hardship, which they ultimately overcome thanks to their personal strength, determination or resilience. In the case of Heidi Ganahl, the adversity she experienced included personal tragedies and financial struggles, which she overcame to establish her successful business, Camp Bow Wow.
This story can provide encouragement and motivation to others who might be facing their own obstacles or hardships, exemplifying the power of perseverance and tenacity in achieving one's goals.
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SDJ, Inc., has net working capital of $2,170, current liabilities of $4,590, and inventory of $3,860. a. What is the current ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the quick ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer:
1.47 times ; 0.63 times
Explanation:
Given that,
Net working capital = $2,170,
current liabilities = $4,590
Inventory = $3,860
Current assets = net working capital + current liabilities
= $2,170 + $4,590
= $6,760
Current ratio = current assets ÷ current liabilities
= $6,760 ÷ $4,590
= 1.47 times
Quick ratio = (current assets - inventory) ÷ current liabilities
= ($6,760 - $3,860) ÷ $4,590
= 0.63 times
Suppose that weekly output is worth $1000, and labor and materials costs are $300 and $200,respectively. What is the multifactor productivity ratio? a. 1000b. 8c. 2d. 3e. 0.5
Answer:
c. 2
Explanation:
The multifactor productivity ratio can be determined using the below mentioned formula:
Multi factor productivity=Output worth/cost of material+cost of labor
In the given question:
Output worth=$1,000
cost of material+cost of labor=$300+$200=$500
Multifactor productivity=$1,000/$500=2
So based on the above calculation, the answer is c. 2
The multifactor productivity ratio in this scenario is 2, which signifies that the company is achieving a level of productivity where it generates $2 worth of output for every $1 spent on labour and materials. The correct answer is D. 2.
The multifactor productivity ratio is calculated by dividing the total output value by the total cost of inputs, which includes Labour and materials. In this case:
Total Output Value = $1,000 (weekly output worth)
Total Cost of Inputs = Labor Cost + Materials Cost = $300 + $200 = $500
Now, calculate the multifactor productivity ratio:
Multifactor Productivity Ratio = Total Output Value / Total Cost of Inputs
Multifactor Productivity Ratio = $1,000 / $500
Multifactor Productivity Ratio = 2
So, the multifactor productivity ratio is 2 (option c).
In other words, for every $1 spent on labour and materials combined, the company generates $2 worth of output.
This ratio indicates the efficiency of using both labour and materials to produce output, with a ratio greater than 1 indicating that the inputs are being used efficiently to generate output.
The correct answer is D. 2.
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Who is responsible for determining how tasks will be done in a weak matrix project management structure?
Answer:
The correct answer is: The functional manager.
Explanation:
A weak matrix project management structure is the type of business organization managed by two executives: the functional manager and the project manager. Both of them work jointly and report to each other accordingly. Out of the two of them, the functional manager is in charge of controlling how work is done within the firm.
In a weak matrix project management structure, functional managers are generally responsible for determining how tasks will be done. While a project manager is involved, their power is usually limited and they often serve as a coordinator.
Explanation:In a weak matrix project management structure, the responsibility for determining how tasks will be carried out typically falls on the functional manager. Unlike the strong matrix structure where the project manager has significant authority, in a weak matrix, the authority is primarily with the functional managers.
Functional Managers have expertise in specific disciplines such as sales, marketing, engineering etc. They define the way tasks are to be performed to achieve project outcomes. They provide human resources and facilitate the smooth execution of various tasks inside their respective departments.
It's worth noting that a weak matrix still involves a project manager, but they usually have limited power and are often relegated to the role of a coordinator or communicator between functional departments.
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Are the following movements or shifts along/of the demand curve:
1. A decrease in the number of consumers
2. A change in tastes of consumers that makes them desire more hot dogs
3. An increase in the price of hot dogs
Answer:
Any movement which is caused by price will be along the demand curve and any other movement caused by non price factors will shift the demand curve.
1) A decrease in the number of consumers is a non price movement so the demand curve will shift leftwards because of it.
2) A change in taste of consumers making them desire more hot dogs is a non price movement and it will shift the demand curve to the right.
3) An increase in the price of hot dogs is a price movement and this will cause movement along the demand curve.
Explanation:
Transferring core competencies and resource strengths from one country market to another is: A. a good way for companies to develop broader or deeper competencies and competitive capabilities that can become a strong basis for sustainable competitive advantage.B. best accomplished with a multidomestic strategy as opposed to a global strategy.C. feasible only with a global strategy; it can't be done with a multidomestic strategy.D. unlikely to result in a competitive advantage.E. nearly always the easiest and most sure-fire way to build competitive advantage in trying to compete successfully in foreign markets
Transferring core competencies and resource strengths from one country market to another is : nearly always the easiest and most sure-fire way to build competitive advantage in trying to compete successfully in foreign markets
Explanation:
Cross-border sharing or transition of capital and skills across boundaries offers an economic means by which a business can further exploit its core competencies and expand its competitive advantages to a wider variety of regional markets.
An effective way for enterprises to build wider or deeper competencies and strategic capabilities which can become the cornerstone of a sustained competitive advantage.
Bravo's complete assets and liabilities are Accounts Receivable $800, Equipment $10,000, Accounts Payable $4,200, Prepaid Rent $2,000, Supplies $400, Bank Loan $1,600, and Tools $300. Bravo's total assets are:________. (All account balances are normal.)
Answer:
Total Assets=$13,500
Explanation:
Assets are items which are used by any company or firm for positive economic value production.
In our problem, we have to find total assets.
Given Data:
Accounts Receivable=$800
Equipment=$10,000
Accounts Payable=$4,200
Prepaid Rent=$2,000
Supplies=$400
Bank Loan=$1,600
Tools= $300
Total Assets=Accounts Receivable+Equipment+Prepaid Rent+Supplies+ Tools
Total Assets=$800+$10,000+$2,000+$400+$300
Total Assets=$13,500
9. Assume that you just won $35 million in the Florida lottery, and hence the state will pay you 20 annual payments of $1.75 million each beginning immediately. If the rate of return on securities of similar risk to the lottery earning (e.g, the rate on 20 year US Treasury bonds) is 6 percent, what is the present value of your winning
The present value of your $35 million lottery winnings, paid out over 20 years with a 6% annual rate of return, is approximately $20.91 million.
Explanation:The question is asking for the present value of your $35 million lottery winnings given a 6% annual return on investment, which will be paid out in 20 annual payments of $1.75 million each. The formula we're going to use is the formula for the present value of an annuity: PV = PMT * [(1-(1+r)^-n)/r]. In this case, PMT equals $1.75 million, r represents the return rate which is 0.06, and n is the number of years, which is 20.
Let's plug these values into the formula: PV = 1.75 * [(1 - (1+0.06)^-20) / 0.06]. After calculating, we find that the present value of this annuity is approximately $20.91 million.
This means that if you were to invest an amount of $20.91 million in securities with a similar risk profile as the lottery, at an interest rate of 6%, you would receive the same amount of money over the 20 year period as your lottery winnings.
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According to the federal Administrative Procedure Act, an agency is any governmental authority besides Congress and the courts. Which function does not fall under the category of what an agency does?
Answer:
Sets precedents
Explanation:
The function that does not fall under the category of an agency while doing is that it sets precedents. Fundamentally it authenticates a usage and tradition that should be followed tomorrow.
An illustration based on that is as follows:
She set a precedent by having the chaplain command the educational parade. Here the word precedent means a prior instance either a legal decision upon which coming up instances are related.
Your current assignment at York Foods is to find the major benefits people look for in product classes, the kinds of people who look for each advantage, and the major brands that deliver each advantage. What is the segmentation method called ____?
Answer:
The answer is "benefit"
Explanation:
Segmentation is part of the business, also known as the analysis, in which the organization is separated into smaller groups based on factors like age, income, personality or behavior.
It refers to brands, that use a hybrid method with more than one form of segmentation. This method is also known as profit segmentation, which distinguishes the market according to the interest, profit or gains expected from a product or service, that is provided by the customer.
A coffee company lowers the price of its one-pound bags of coffee from $10 to $9 and as a result, the quantity demanded increases from 4 million to 5 million units.
Assuming the company's demand curve is linear, what is the slope of the demand curve? Please treat the quantity increase as an increase from 4 to 5, ignoring the millions. [Recall, one formula for slope is Rise / Run]
Answer:
Slope = -1
Explanation:
Demand is buyers ability & willingness to buy at a price, time.
Demand Curve is graphical representation of quantity demanded at various prices at y axis, demand at x axis.
Slope = Change in Y i.e ∆Y / Change in X i.e ∆X
'Slope of Demand Curve' is a varied version of 'Price Elasticity of Demand' i.e quantity demanded responsiveness to change in price. Former shows relative change in quantity demanded over a change in price & latter shows change in price for a given change in quantity demanded.
Demand Curve Price at Y axis, Quantity at Axis, Slope= ∆Y/∆X becomes
= ∆P/∆Q. As per given details, ∆P/∆Q = (9-10)/(5-4) = -1/1 = -1
g 1)Which of the following strategies are used by business firms to capture consumer surplus?1)A)Two-part tariffsB)Price discriminationC)BundlingD)all of the above
Answer:
D)all of the above
Explanation:
All these are due to increase the producer surplus rather than consumer surplus. Now let's look what these variants actually mean:
1) Price discrimination is a price policy in which at the same moment the same product or service is sold to different customers at different prices, and this difference in price is not justified by the different costs of producing this product or service.
Types of price discrimination according to the classification types of seller behavior:
-Individual discrimination (seller selects individual buyers)
-Group discrimination (seller identifies groups of buyers)
-Product discrimination (seller selects individual products)
2) In industrial economics, the two-tier tariff (or two-part tariff) is a price made up of a fixed part (a subscription or a franchise) and a part proportional to the quantity of goods purchased. The binomial tariff is widely used in industrial organization because it constitutes the simplest case of price which is not linear compared to the quantity of goods purchased. Furthermore, it can be shown that when the information is not too incomplete, it allows a principal to avoid the problem of double marginalization (the fact that an economic agent in a monopoly situation sets a higher price than that resulting from the confrontation of supply and demand in perfect competition, which allows it to maximize its profit.
3)Bundling is a bundle consisting of several products sold as a unit. Especially common in the gaming industry.
Typical and most popular bundles are the so-called game kits:
-Game console + video game
- Video card (or motherboard) + computer game
A set of games sold as a unit by a set at a fixed price, or by the principle “Pay what you want” for a limited time. In customs practice, the concept of bundles is used to refer to packaging (place) in a container. Then it can be a box (box), a pallet of goods or a bundle. Usually a bundle is an indivisible part, united either by a box (bag, box) or fixed on a pallet.
The _________________ is the buying and selling of Treasury securities to influence the nation’s money supply..
Answer:
open market operation
Explanation:
The Federal Reserve purchases and sells treasury securities on the open market in order to regulate the supply of money that is on deposit in banks, and therefore available to loan out to businesses and consumers. It purchases Treasury securities to increase the supply of money and sells them to reduce the supply of money
Inthe 1920's, the value of the German mark fell dramatically. in June 1922, a U.S. dollar could buy 320 marks; by December of that same year, it could buy 8,000 marks.
What is the economic term for a very high rate of inflation such as the one experienced by Germany in the 1920's?
A. Inflation
B. Disinflation
C. Hyperinflation
D. Deflation
Answer:
The answer is C: Hyperinflation
Explanation:
Hyperinflation is high and accelerating form of inflation. It results in quick decline of the local currency`s real value. It also leads to increased prices of all goods and consumables
From the data,
In June 1922, 1 german Mark was equal to 0.003125 USD (1/320)
Whereas in December, 1922, the same german Mark was equal to 0.000125 USD. (1/8000)