What is the effect of the new technology on the production of​ carpet? (Give the number of yards before and after the​ change.)

Answers

Answer 1

Complete Question:

Suppose that before the new technology is introduced, the nation produces 15 thousand looms. After the new technology is introduced, the nation produces 27 thousand looms. (Hint:  5 compute your answers using the data in the table above and not the graphs.) What is the effect of the new technology on the production of carpet? Give the number of yards before and after the change.

Yards of carpet (Millions) Carpet looms (Thousands) 0 45 12 42  

4 24 36 36 27 48 15 60 0

Answer and Explanation:

The nation was able to produce around 48 million of carpets before the new technology arrived. However, after the new technology arrived, they were able to produce 54 million carpets. (36 x 1.5)

Answer 2
Final answer:

New technology can significantly boost carpet production by automating processes and increasing efficiency. This might potentially double the output, from 100 to 200 yards per day, although actual figures would vary.

Explanation:

The impact of new technology on carpet production can be significant. New technology can automate many of the processes, leading to increased efficiency. For instance, if a carpet factory was producing 100 yards of carpet per day with old machinery, introduction of new technology might enable them to manufacture 200 yards a day, doubling the output. It's important to note that the actual numbers would vary depending on the specific advancements in technology and the scale of the operation.

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Related Questions

Even Better Products has come out with an even better product. As a result, the firm projects an ROE of 20%, and it will maintain a plowback ratio of 0.30. Its earnings this year will be $2 per share. Investors expect a 12% rate of return on the stock. a. At what price and P/E ratio would you expect the firm to sell? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Answers

Answer:

Current Price is $23.33

P/E ratio is 11.66

Explanation:

Computing the P/E ratio by dividing the current price with the projected earnings:

P/E ratio = Current Price / Projected earnings

where

Current Price is to be computed as:

Current Price = EPS × ( 1 - Plow back ratio) / Rate of return - (ROE - Plow back ratio)

= $2 × (1 - 0.30) / 0.12 - (0.20 × 0.30)

= $2 × 0.7 / 0.12 - 0.06

= $1.4 / 0.06

= $23.33

Projected earnings is $2

Putting the values above:

= $23.33 / $2

= 11.66

On March 31, 2019, the Federal Unemployment Tax Payable account in the general ledger of The Argosy Company showed a balance of $1,507. This represents the FUTA tax owed for the first quarter of the year. On April 30, 2019, the firm issued a check to deposit the amount owed in the First Security National Bank. Record this transaction in general journal form.

Answers

Answer:Argosy Journal $

Date

March 31,2019

FUTA tax expenses Dr 1507

FUTA tax payable Cr 1507

Narration. Records of amount of futa tax payable.

April 30,2019

Investment- First security national bank Dr 1507

Bank account Cr 1507

Narration. Investment deposit to first security national bank

Explanation:

The liability to pay the Futa tax is represented in the Argosy account as an expenses to the income statement and a liability awaiting payment by Argosy.

The deposit of the amount of the tax to security bank account does not represents a payment of the liability but a transaction between the Argosy and the bank.

On December 31, 2015, Ed Abbey Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Ed Abbey Co. agreed to accept a $200,000 zero-interest-bearing note due December 31, 2017, as payment in full.
Hayduke is somewhat of a credit risk and typically borrows funds at a rate of 10%. Ed Abbey is much more creditworthy and has various lines of credit at 6%.1.)Prepare the journal entry to record the transaction of December 31, 2015, for the Ed Abbey Co.2.)Assuming Ed Abbey Co.’s fiscal year-end is December 31, prepare the journal entry for December 31, 2016.3.) Assuming Ed Abbey Co.’s fiscal year-end is December 31, prepare the journal entry for December 31, 2017.

Answers

Answer:ED Abbey journal $

Date

December 31, 2015

Note Receivable Dr 200,000

Consulting services Cr. 200,000

Narration.record of non interest note receivable due in 2017

December 2016.

Note receivable Dr 200,000

Consulting services Cr. 200,000

Narration. record of non interest receivable note due in 2017

December 2017

Note receivable Dr 200,000

Consulting services. Cr 200,000

Narration. record of non interest receivable note due in 2017.

Explanation:

The notes receivable was issued for service render and it's a non Interest bearing note even though it's payable in the future. This makes the figure to be constant throughout the year, though the company loan acquisition rate was given it does not affect the solution since no loan was bought in the interval.

.

To record the transaction for the zero-interest-bearing note on December 31, 2015, Ed Abbey Co. must recognize the present value of the note as a receivable and as service revenue. In subsequent years, interest revenue is accrued using the imputed interest rate of 10%.

The question is about accounting for a zero-interest-bearing note received in exchange for services provided, where the interest rate must be imputed based on the credit risk of the issuer of the note.

Journal Entry on December 31, 2015 (Service Rendered Date):

Dr. Notes Receivable (Present Value)  $149,586
Cr. Service Revenue  $149,586

The present value of the note is calculated using Hayduke's credit risk interest rate of 10%.

Journal Entry on December 31, 2016 (Year-End Adjustment):

Dr. Interest Receivable  $14,959
Cr. Interest Revenue  $14,959

This reflects the interest income earned on the note over one year. The interest is recorded even though it’s not paid, as per the accrual accounting principle.

Journal Entry on December 31, 2017 (Note Receivable Due):

Dr. Cash  $200,000
Cr. Notes Receivable  $149,586
Cr. Interest Receivable  $14,959
Cr. Interest Revenue  $35,455

The note is settled, and the total interest revenue over two years is recognized.

10 points eBookPrintReferences Check my work Check My Work button is now disabledItem 9Item 9 10 points A perfectly competitive firm that makes car batteries has a fixed cost of $10,000 per month. The market price at which it can sell its output is $100 per battery. The firm’s minimum AVC is $105 per battery. The firm is currently producing 500 batteries a month (the output level at which MR = MC). This firm is making a _____________ and should _______________ production.

Answers

Answer:

loss, shut down

Explanation:

This firm is making a loss and should shut down production.

A company had the following assets and liabilities at the beginning and end of the current year:

Assets Liabilities
Beginning of year $ 231,000 $ 96,500
End of the year 262,000 78,400
Common stock in the amount of $ 23,500 was issued and dividends of $ 6,700 were paid during the year. What is the amount of net income for the year?

a) $18,900

b) $65,900

c) $49,100

d) $32,300

Answers

Answer:

$32,300

Explanation:

Begining equity = Begining asset - Begining liabilities

                            = $231,000 - $96,500 = $134,500

Ending equity = Ending asset - Ending liabilities

                        = $262,000 - $78,400 = $183,600

We will find the net income for the year using the below formula:

Ending equity = Begining equity + Stock issuance + Net income - Dividend paid, or:

$183,600 = $134,500 + 23,500 + Net income - $6,700.

Solve the above equation we get Net income = $32,300

Final answer:

The net income for the year is calculated by taking the change in equity from the increased assets and decreased liabilities and adjusting for the equity transactions of common stock issued and dividends paid. The correct net income for the year is $32,300.

Explanation:

To calculate the net income for the year, we need to look at the changes in assets, liabilities, and the equity transactions of common stock issuance and dividends paid. We use the accounting equation Assets = Liabilities + Shareholders' Equity to understand these changes.

The assets increased from $231,000 at the beginning of the year to $262,000 at the end of the year, resulting in an increase of $31,000. The liabilities decreased from $96,500 to $78,400, which is a decrease of $18,100.

We can now calculate the change in Shareholders' Equity by adding the increase in assets and the decrease in liabilities: $31,000 + $18,100 = $49,100. This is the change in equity, assuming no dividends were paid or common stock was issued.

Since the company issued $23,500 worth of common stock, this would increase Shareholders' Equity, and paying $6,700 in dividends would decrease it. So, the net effect on equity due to these transactions is $23,500 - $6,700 = $16,800.

To find the net income, we subtract the net effect of equity transactions from the change in Shareholders' Equity: $49,100 - $16,800 = $32,300.

The amount of net income for the year is therefore $32,300, which corresponds to option (d).

PA4-3 (Algo) Selecting Cost Drivers, Assigning Costs Using Activity Rates [LO 4-1, 4-3, 4-4, 4-6 ] Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows: Home Work Direct materials cost per unit $ 39 $ 63 Direct labor cost per unit 23 33 Sales price per unit 354 570 Expected production per month 730 units 470 units Harbour has monthly overhead of $184,260, which is divided into the following cost pools: Setup costs $ 72,540 Quality control 58,520 Maintenance 53,200 Total $ 184,260 The company has also compiled the following information about the chosen cost drivers: Home Work Total Number of setups 37 56 93 Number of inspections 300 365 665 Number of machine hours 1,600 1,200 2,800 Required: 1. Suppose Harbour uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line. (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount.)

Answers

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Basic production information follows:

Harbour has a monthly overhead of $184,260

The number of machine-hours:

Home: 1,600

Work: 1,200

Total: 2,800

To calculate the allocated overhead, first, we need to calculate the overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 184,260/ 2,800= $65.81 per machine hour

Now we can allocate the overhead using the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Work:

Allocated MOH= 65.81*1,600= $105,296

Home:

Allocated MOH= 65.81*1,200= $78,972

Final answer:

Using a traditional costing system with machine hours as the cost driver, the Home model is assigned $105,280 in overhead and the Work model is assigned $78,960 in overhead.

Explanation:

Determining Overhead Assigned Using Traditional Costing

To calculate the overhead assigned to each product line using a traditional costing system with machine hours as the cost driver, we follow these steps:

Calculate the overhead rate by dividing the total overhead by the total number of machine hours.Assign overhead to each product by multiplying the overhead rate by the number of machine hours for each product.

Using the given data:
Total overhead = $184,260
Total machine hours (Home + Work) = 2,800 hours
Overhead rate = Total overhead / Total machine hours = $184,260 / 2,800 hours = $65.80 per machine hour
Now, assign the overhead to each product line:

Home: 1,600 machine hours × $65.80 per hour = $105,280Work: 1,200 machine hours × $65.80 per hour = $78,960

Therefore, the Home model is assigned $105,280 in overhead, and the Work model is assigned $78,960 in overhead.

Suppose in a six-team league, the winning percentages were as follows at the end of the season. Team A: .750, Team B: 0.600, Team C: 0.500, Team D: 0.500, Team E: 0.400, Team F: 0.250.

(a)Compute the standard deviation of winning percentages within season (4 points). (Round to the third decimal.)

(b) Why do we use team-specific variation across seasons to measure competitive balance to complement the within season variation? (1 point)

Using the above, suppose each team plays a 50-game schedule. (Compute the "ideal" benchmark standard deviation based on equal playing strength, and the ratio of the actual to the ideal. (2 points)

Compute the same measures if they were to play a 90-game schedule (Round to the third decimal.) (2 points)

Which one has a higher "ideal" benchmark standard deviation and why? (1 point)

Answers

Answer:

Please see attachment

Explanation:

Please see attachment

In this example of a Keynesian tax increase, the left-shift in Aggregate Demand resulting from the tax increase causes the price level to slide back to the $________ level..

Answers

Final answer:

In response to a Keynesian tax increase, the aggregate demand curve shifts left, indicating a contractionary fiscal policy. The outcome is a new equilibrium (E₁) where the inflationary gap is closed, and the economy comes back to the potential GDP level. Hence, the price level slides back to the $7000 level.

Explanation:

In a Keynesian model, a tax increase would apply a contractionary fiscal policy that would shift the Aggregate Demand (AD) curve to the left. The original point where the aggregate expenditure (AE) line intersects the 45-degree line in the given example is at $8000, which is above the potential GDP of $7000. A tax increase, reducing consumers' or firms' disposable income, would cause a downward shift in aggregate expenditure (from AE to AE₁), aligning the economy back to the potential GDP level.

This action corresponds to Figure D9 (b) or Figure B9 (b) and is the proper Keynesian response towards an inflationary gap. The new equilibrium then rests at E₁, leading to a reduction of inflationary price pressures in the economy. Here, the economy steadies at potential GDP without fueling inflationary price hikes. As a result, the price level slides back to $7000 level, which is the level of potential GDP.

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Madrid Company has provided the following data (ignore income taxes):

2014 revenues were $77,500.
2014 net income was $33,900.
Dividends declared and paid during 2014 totaled $5,700.
Total assets at December 31, 2014 were $217,000.
Total stockholders' equity at December 31, 2014 was $123,000.
Retained earnings at December 31, 2014 were $83,000.

Which of the following is not correct?
A. 2014 expenses were $43,600.
B. Total liabilities at December 31, 2014 were $94,000.
C. Retained earnings increased $33,900 during 2014.
D. Common stock at December 31, 2014 was $40,000.

Answers

Answer:

C.Retained earnings increased $33,900 during 2014.

Explanation:

Total expenses during the year=Revenue- net income

                                                   =77,500-33,900

                                                   =$43,600

Therefore, option A. is correct

Total Liabilities=Total assets-total equity

                        =217,000-123,000

                       =$94,000

Therefore, option B. is correct

The formula for calculating  Retained earnings is given as follows:

Retained earnings at year end=Opening retained earnings+net income-dividend paid.

83,000=opening retained earnings+33,900-5,700

opening retained earnings=83,000-33,900+5,700

                                           =54,800

Change in retained earnings=closing retained earnings-opening retained earnings

Change in retained earnings=83,000-54,800=28,200

Therefore, Option C. is not correct

Common stock at December 31, 2014=total equity-total retained earnings

                                                              =123,000-83,000

                                                              =$40,000

Therefore, Option D. is correct

Based on the above discussion the answer is C.Retained earnings increased $33,900 during 2014.

Final answer:

The correct answer is option C. Retained earnings increased $33,900 during 2014.

Explanation:

To determine which of the given options is not correct, we need to analyze each option individually.

A. 2014 expenses were $43,600:

This can be calculated by subtracting the net income of $33,900 from the revenues of $77,500: $77,500 - $33,900 = $43,600. Since this calculation matches the given expense amount, option A is correct.

B. Total liabilities at December 31, 2014 were $94,000:

To calculate total liabilities, we subtract stockholders' equity from total assets: $217,000 - $123,000 = $94,000. Since this calculation matches the given amount, option B is correct.

C. Retained earnings increased $33,900 during 2014:

We can determine the change in retained earnings by comparing the net income and dividends declared: $33,900 - $5,700 = $28,200. Since this calculation does not match the given change, option C is incorrect.

D. Common stock at December 31, 2014 was $40,000:

Common stock can be calculated by subtracting retained earnings from stockholders' equity: $123,000 - $83,000 = $40,000. Since this calculation matches the given amount, option D is correct.

Therefore, the correct answer is option C. Retained earnings increased $33,900 during 2014.

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Fun! Inc. had total sales of $ 480,000 in 2014. The total cost of goods sold was $ 400,000 and the administrative and sales costs were $ 100,000. what is the net income of the company in 2014?

Answers

Answer:

-$20,000

Explanation:

In the income statement, total revenue and total expenditures are reported.  

If the total income is more than the total expenditure, then the company would gain net income And if the total income is less than the total expenditure, then the company will have a net loss This net income or net loss would be expressed in the statement of retained earning

The computation of the net income is shown below:

= Total sales - total costs of goods sold - administrative and sales costs

= $480,000 - $400,000 - $100,000

= -$20,000

The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units to be produced 13,000 16,000 15,000 14,000 In addition, 19,500 grams of raw materials inventory is on hand at the start of the 1st Quarter and the beginning accounts payable for the 1st Quarter is $6,400. Each unit requires 6 grams of raw material that costs $1.20 per gram. Management desires to end each quarter with an inventory of raw materials equal to 25% of the following quarter’s production needs. The desired ending inventory for the 4th Quarter is 8,000 grams. Management plans to pay for 60% of raw material purchases in the quarter acquired and 40% in the following quarter. Each unit requires 0.20 direct labor-hours and direct laborers are paid $14.50 per hour. Required: 1.&2. Calculate the estimated grams of raw material that need to be purchased and the cost of raw material purchases for each quarter and for the year as a whole. 3. Calculate the expected cash disbursements for purchases of materials for each quarter and for the year as a whole. 4. Calculate the estimated direct labor cost for each quarter and for the year as a whole.

Answers

Final answer:

To calculate the estimated grams of raw material that need to be purchased, consider the desired ending inventory, beginning inventory, and production needs. Multiply the estimated grams of raw material purchased by the cost per gram to calculate the cost of raw material purchases. Calculate the expected cash disbursements for purchases of materials based on the percent paid in the quarter acquired. Multiply the number of units to be produced by the direct labor needed per unit and the direct labor wage to estimate the direct labor cost.

Explanation:

To calculate the estimated grams of raw material that need to be purchased, we need to determine the desired ending inventory for each quarter and the production needs for the following quarter. For example, the desired ending inventory for the 1st Quarter is 16,000 * 0.25 = 4,000 grams. To calculate the estimated raw material purchases for each quarter, we need to consider the desired ending inventory, beginning inventory, and production needs. For example, the estimated raw material purchases for the 1st Quarter would be (13,000 + 4,000 - 19,500) * 6 = 58,500 grams.

To calculate the cost of raw material purchases for each quarter, we need to multiply the estimated grams of raw material purchased by the cost per gram. For example, the cost of raw material purchases for the 1st Quarter would be 58,500 * $1.20 = $70,200.

To calculate the expected cash disbursements for purchases of materials, we need to consider the percent of raw material purchases paid in the quarter acquired and the following quarter. For example, if 60% of raw material purchases are paid in the quarter acquired, the expected cash disbursement for the 1st Quarter would be $70,200 * 0.6 = $42,120.

To calculate the estimated direct labor cost, we need to multiply the number of units to be produced by the direct labor needed per unit and the direct labor wage. For example, the estimated direct labor cost for the 1st Quarter would be 13,000 * 0.20 * $14.50 = $37,700.

On December 31, 2019, Wintergreen, Inc., issued $150,000 of 7 percent, 10-year bonds at a price of 93.25. Wintergreen received $139,875 when it issued the bonds (or $150,000 × .9325). After recording the related entry, Bonds Payable had a balance of $150,000 and Discounts on Bonds Payable had a balance of $10,125. Wintergreen uses the straight-line bond amortization method. The first semiannual interest payment was made on June 30, 2020. Complete the necessary journal entry for June 30, 2020 by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. Score answer Visit question mapQuestion 2 linked to 3 of 9 Total2 3 of 9 Prev

Answers

Answer:

June 30, 2020   Bond Interest expense      Debit        $5,756.25

                                     Discount on Bonds payable    Credit      $506.25

                                     Cash                                          Credit      $5,250

Explanation:

We have to calculate the interest expense. The bond interest expense = Cash payment + bond amortization discount

Given,

Bond price = $150,000

Interest = 7%

Number of period, n = 10 years × 2 (As it is a semiannual bond) = 20

Cash payment for semiannual interest = $150,000 × 0.07 × (1÷2)

Cash payment for semiannual interest = $5,250 (Credit)

Amortized bond discount (discount on bonds payable) = $10,125 ÷ 20 (as it is a semiannual payment and $10,125 is for 10 years)

Discount on bonds payable = $506.25 (Credit)

Therefore, bond interest expense = $5,250 + $506.25 = $5,756.25 (Debit)

The interest expenses are the expense acquired by an entity for obtained funds. The interest expenses can be calculated by:

[tex]\text{Bond interest expense} & = \text{Cash payment + Bond amortization discount}[/tex]

The debit amount is $ 5756.25

It can be calculated by:

Price of the bond = $150,000

Interest Rate = 7%

 

Period Time (n) = [tex]10 \; \text{years} \times 2 \; (\text{Semiannual bond}) & = 20[/tex]

Cash amount for half-yearly interest = [tex]\$150,000 \times 0.07 \times\dfrac{1}{2}[/tex]

 

Cash amount for half-yearly interest (Credit) = $5,250

Amortized bond reduction (discount on payable bonds):

=  [tex]\dfrac{\$\; 10,125}{20}[/tex]

Discount on payable bonds (Credit) = $506.25

See the attached image below for the entry sheet.

Therefore, bond interest expense will be:

[tex]= \$5,250 + \$506.25 = \$5,756.25 \;\text{(Debit)}[/tex]

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Macroland, currency held by the public is 2,000 econs, bank reserves are 300 econs, and the required reserve/deposit ratio is 10 percent. If the Central Bank raises the required reserve/deposit ratio making the new desired ratio equal to 15 percent, then the money supply in Macroland will ________ to ________ econs, assuming that the public does not wish to change the amount of currency it holds.

A)20,000; 22,000
B)5,000; 2,000
C)3,000; 5,000
D)5,000; 7,000

Answers

Answer:

D)5,000; 7,000

Explanation:

Public is holding 2000 econs and banks reserves are 300 econs. It is mentioned that reserve requirement is 10%.

So total bank deposits must be 3000. Money supply in the economy is (3000 + 2000 = 5000)

When the reserve ratio is 0.1, that means the money multiplier is 10.

If there is an additional inflow of currency because of printing 200 econs by central bank then because of multiplier effect it will be 2000 econs.

Money supply from earlier 5000 econs will become 7000 econs.

Option D is correct.

In preparing consolidated working papers, beginning retained earnings of the parent company will be adjusted in years subsequent to acquisition with an elimination entry whenever:

a. a noncontrolling interest exists.

b. it does not reflect the equity method.

c. the cost method has been used only.

d. the complete equity method is in use.

Answers

Answer:

b. it does not reflect the equity method.

Explanation:

If the beginning retained earnings do not match with the equity method we must adjusted. If we do not; then after including the other transactions which are based on equity method will lead to a mistaken ending retained earnings and thus; the consolidated balance sheet will not match Assets with liabilities plus stockolders equity.

All of your teammates are dedicated to the project. They put in the time and effort to complete their individual assignments and to be adequately prepared for team meetings. However, this time and effort does not seem to translate into effectively sharing information. Which of the following actions is most likely to improve your team’s information sharing?

Answers

Answer:

Structure team discussions to focus on a smaller set of key issues.

Explanation:

The best way to get outcome from the team is to set structure team discussions so they can focus on key issues and any ambiguity or issues can be resolved with an outcome as a team.

If you are interested in pursuing a B.S.E. (Bachelor of Science in Engineering) degree, please write a 300-500 word essay describing why you are interested in studying engineering, any experiences in or exposure to engineering you have had, and how you think the programs in engineering offered at Princeton suit your particular interests.

Answers

Explanation:

When I was in school grade 9, I had my first interaction with a robot during a visit to technology expo since then I could not think of anything else but to awe for exploring the fascinating world of robots.

I didn't had much resources to buy tools and components to build robots but still my passion kept me motivated and I found my way to get hands on scrap parts available at the various spots in my locality. Slowly and gradually, I kept learning and building robots and by the time I was in my high school, I had already won 3 major school competitions and received tremendous amount of recognition. Due to my outstanding performance, I was awarded with merit scholarship for the college.

In college, I continued my handwork and kept myself busy in exploring the depth of robotics. I had the pleasure of working on a big project funded by a our college. The project was to build a search and rescue quad-copter. Honestly speaking, it was not easy! I worked day and night tirelessly, and finally after 6 months I successfully built the quad-copter.

My goal is to become an inventor in the field of robotics. Building such robots that can make a difference in our lives and help humanity to grow and thrive. I believe that engineering program at Princeton encourages such passion and vision and would be a great learning platform for me to showcase my talent and skills.

Uber and Lyft customers often complain about the practice of ""surge"" or ""prime-time"" pricing used by these companies during periods of peak demand. This is an example of a __________ pricing policy.

Answers

Answer:

The correct word for the blank space is:  dynamic.

Explanation:

Dynamic pricing policies are based on certain time frames in which the demand for a service is requested. According to those time frames, the time could be cheaper or more expensive. Businesses are said to establish flexible prices under this scenario.

Final answer:

The strategy where Uber and Lyft adjust prices based on consumer demand is known as dynamic pricing. This is a strategy used when the demand for a product or service is greater than its supply, with the price increase intended to balance the supply and demand.

Explanation:

The policy you're referring to, where Uber and Lyft increase prices during periods of peak demand, is known as dynamic pricing policy.

Dynamic pricing, also called demand pricing or time-based pricing, is a strategy where businesses set flexible prices for products or services based on current market demands.

For Uber and Lyft, this means when the demand for rides is higher than the number of available drivers, prices go up. This acts as an incentive for more drivers to work during these busy times, and balances the supply and demand of rides.

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Marston Manufacturing Company is considering a project that requires an investment in new equipment of $4,200,000, with an additional $210,000 in shipping and installation costs. Marston estimates that its accounts receivable and inventories need to increase by $840,000 to support the new project, some of which is financed by a $336,000 increase in spontaneous liabilities (accounts payable and accruals).The total cost of Martson's new equipment is ___________.

Answers

Answer:

$4,410,000

Explanation:

The computation of the total cost of Martson's new equipment is shown below:

= Required investment in new equipment + additional shipping and installation costs

= $4,200,000 + $210,000

= $4,410,000

We simply added the required investment value in new equipment and additional shipping and installation cost so that the correct value can come.

All other information which is given is not relevant. Hence, ignored it

The total cost of Marston's new equipment is $4,074,000, taking into account the initial investment, shipping and installation costs, and reduction due to an increase in spontaneous liabilities.

The total cost of Marston's new equipment can be calculated by adding the initial investment in new equipment to the shipping and installation costs, less any increase in spontaneous liabilities that offset part of the investment. Initial equipment cost is $4,200,000 and the shipping and installation costs are $210,000. However, the increase in spontaneous liabilities, which can be subtracted from these costs, is $336,000. Therefore, the calculation would be:

$4,200,000 (equipment) + $210,000 (shipping/installation) - $336,000 (spontaneous liabilities) = $4,074,000.

This reflects the actual cash outflow that the company anticipates for the new equipment, not including any changes to accounts receivable or inventories.

An attitude of constantly seeking ways to improve company operations, including customer service, product quality, product features, the production process, and employee interactions, is called: Select one: a. Continuous improvement. b. Customer orientation. c. Just-in-time. d. Theory of constraints. e. Total quality measurement.

Answers

Answer:

a. continuous improvement

Explanation:

This is the ideal explanation of continuous improvement or (KAIZEN). The ideology of continuous improvement was brought forward by the JAPANEESE  philosophy of KAIZEN, which means continuous improvement which is also a momentous aspect of total quality management (TQM). According to this philosophy businesses need not only bring strategic improvements and/or changes but must build a culture of continuous improvement of each and every aspect of a business. And such a culture must come from the top of the management.

Through continuous improvement a business can make significant cost reductions. For example through training the workforce, the efficiency and quality of work can be improved, similarly, through continuous value engineering (identification of valuing adding features and/or activities and eliminating non-value adding features and activities) one can achieve significant cost advantages in the long-run.

Julianna, the HR manager at Hudson Corp., is facing criticism from the company's high-performing employees for the lack of an effective incentive scheme that rewards them with the necessary pay. The company has avoided paying out incentives in addition to employees' monthly salary in an attempt to minimize costs. But, after the last annual meeting, it has been decided to pay employees an incentive amount based on their performance ratings and their compa-ratio. In this scenario, Julianna would be applying the system of:a. commission b. standard hour pay c. merit pay d. piecework pay

Answers

Answer:

Juliana, the HR manager at Hudson Corp. would be applying the system of c. merit pay

Explanation:

Merit pay describes payment made to an employee if it has been measured and proven that the employee performed well and successfully achieved a set target.

The question is about paying incentives to high-performing employees and so, merit pay best describes the scenario being portrayed.

Cheyenne Enterprises manufactures Nuts and Bolts from a joint process (cost = $90,000). Five thousand pounds of Nuts can be sold at split-off for $20 per pound; ten thousand pounds of Bolts can be sold at split-off for $15 per pound. For product costing purposes Cheyenne allocates joint costs using the relative sales value method. The amount of joint cost allocated to Nuts would be:

Answers

Answer:

$36,000

Explanation:

Joint process cost =$85000

Allocation of Joint cost using relative sales value method:-

Sales value of Nuts = 5,000 pounds × $20 per pound

                                = $100,000

Sales value of Bolts = 10,000 pounds × $15 per pound

                                 = $150,000

Total sales value = $100,000 + $150,000

                             = $250,000

Joint cost allocate to Nuts:

= (Total Joint cost ÷ Total relative sales value) × Sales value of Nuts

= ($90,000 ÷ $250,000) × $100,000

= $36,000

Final answer:

The amount of joint cost allocated to Nuts in Cheyenne Enterprises using the relative sales value method is $36,000, as calculated by apportioning the joint cost based on the relative sales values of Nuts and Bolts.

Explanation:

To calculate the amount of joint cost allocated to Nuts using the relative sales value method, we first need to find the total sales values of both Nuts and Bolts at the split-off point. The value of Nuts would be 5,000 pounds multiplied by $20 per pound, which equals $100,000. The value of Bolts would be 10,000 pounds multiplied by $15 per pound, which equals $150,000. The total sales value at the split-off point would then be $100,000 (for Nuts) plus $150,000 (for Bolts), or $250,000.

The proportion of the total joint cost allocated to Nuts is then the sales value of Nuts divided by the total sales value. This equals $100,000 divided by $250,000, or 0.4. So, 40% of the joint cost would be allocated to the Nuts. Therefore, the joint cost allocated to Nuts is $90,000 (total joint costs) multiplied by 0.4 which equals $36,000

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A private university is made up of various "schools," such as the School of Journalism, the School of Business, the School of Law, the School of Arts and Sciences, and so forth. The university is experiencing some financial problems, so the administration has decided to have each school of the university become a profit center. This scheme is somewhat parallel to the ______ organizational structure. a. matrix b. functional c. network d. strategic business unit multidivisional

Answers

Answer:

The correct answer is D

Explanation:

SBU stands for Strategic business unit , it is a profit center whose focus is on the product offering and the market segment. It is usually have a marketing plan which is discrete, marketing campaign and analysis of competition, though it is a part of larger business entity.

So, the private university facing financial problems, they decided to become a profit center. Therefore, this scheme is parallel to SBU which is Strategic business unit.

You decide to open a retirement account at your local bank that pays 8%/year/month (8% per year compounded monthly). For the next 20 years you will deposit $400 per month into the account, with all deposits and withdrawls occurring at the end of the month. On the day of the last deposit, you will retire. Your expenses during the first year of retirement will be covered by your company's retirement plan. As such, your first withdrawal from your retirement account will occur on the day exactly 12 months after the last deposit.

a) What monthly withdrawal can you make if you want the account to last 15 years?

b) What monthly withdrawal can you make if you want the account to last forever (with infinite withdrawals)?

Answers

Answer:

Explanation:

a.)

First, find the Future value of the annuity deposits. Using a financial calculator, input the following;

Number of months; N = 20*12 = 240

Monthly rate; I/Y = 8%/12 = 0.667%

PV =0

Recurring payment; PMT = -400

then compute future value; CPT FV = 235,725.317

Next find FV of at the end of first 12 months after retirement;

235,725.317(1 + 0.00667)^12 = 255,300.546

Next, use $255,300.546 as the PV of withdrawal annuity of 15 years to find annual PMT;

PV = -255,300.546

N = 15*12 = 180

I/Y = 0.667%

FV = 0

then CPT PMT = $2,440.38

b.)

Infinite withdrawals means that they are perpetual hence referred to as Perpetuity.

Since we have the amount you will have saved by the end of 20 years (240 months) as $255,300.546, use that as the Present value (PV) of your perpetuity.

PV = PMT / rate

PMT is the recurring withdrawal

$255,300.546 = PMT / 0.667%

PMT = 0.667% * $255,300.546

PMT = $1,702.85.

Therefore, you will make a monthly withdrawal of $1,702.85.

The modified approach to accounting for infrastructure assets may be utilized by a state or local government if:

i. The government accumulates information about all infrastructure assets within either a network or subsystem of a network.

ii. The government capitalizes infrastructure assets.

iii. The government expenses costs of maintaining the infrastructure assets.

iv. The government chooses to depreciate its infrastructure assets.

Answers

Answer:

I, II and III

Explanation:

Approaches to Accounting for Infrastructure by State or Local Government

Traditional Depreciation Approach

This approach depreciates infrastructure assets consistently with other assets. This approach lists infrastructure assets as part of depreciable assets

Modified Approach

This approach treats infrastructure assets under a few criteria:

Maintenance and Preservation costs are reported as expenses and depreciation expenses are not requiredInfrastructure Assets are listed as Capital Assets and non-depreciable assetsThere is an asset management network or subsystem in place that preserves the assets. This system is committed to maintaining the infrastructure at a specific condition level

Combined Approach

This system combines both the traditional depreciation methods and the modified approach for infrastructure assets. The Infrastructure system can be divided into sub-systems and the traditional depreciable approach can be used for a sub-system while the modified approach is used for an other sub-system

Modified Approach to accounting for infrastructure assets

Based on the Criteria for Modified approach system:

Option 1: Accumulation of information about all infrastructure assets within either a network or subsystem of a network will allow the use of the modified approach

Option 2: The Capitalization of infrastructure assets is also a feature of the Modified Approach

Option 3: Grouping maintenance cost of infrastructure assets as expenses also allow the use of the Modified Approach

Option 4: The Depreciation of Infrastructure assets will only allow the use of the Tradtitional Depreciation Approach

If the MPC is 0.9 and a component of AD, such as Government, is increased by $2, then the maximum amount of change in income and output for the nation would be ___________1. $20 2. $25 3. $50 4. $100

Answers

Answer:

1. $20

Explanation:

MPC = 0.9

g = $2

change in y = 1/(1 - MPC)*g

                    = 1/(1 - 0.9)*2

                    = $20

Therefore, The maximum amount of change in income and output for the nation would be $20.

                 

Northern Magazine collects cash from subscribers in advance and then mails the magazines to subscribers over a​ one-year period.
a. Record the journal entry to record the original receipt of $150,000 cash.
b. Record the adjusting entry that southern magazine makes to record earning $ 9,000 in subscription revenue that was collected in advance.

Answers

Answer:

The Journal entries are as follows:

(a) Cash A/c   Dr. $150,000

To subscriber A/c                 $150,000

(To record the original receipt of $150,000 cash)

(b) Subscriber A/c    Dr. $9,000

To Revenue from magazine A/c    $9,000

(To record the earning $ 9,000 in subscription revenue that was collected in advance)

During periods of recession a(n) ___________ money policy is appropriate to encourage business expansion with low interest rate..

Answers

Answer:

the correct answer is easy

Explanation:

During periods of recession a(n)easy money policy is appropriate to encourage business expansion with low interest rate..

Universal Containers requires that the organization-wide default for opportunities be set to public read/write. However, sales users are complaining that opportunity reports return too many results, making it difficult to find their team’s opportunities in the report results.

A. Update the sharing rules to limit user access to certain opportunities
B. Move the opportunity reports into each user’s personal report folder
C. Move the opportunity reports into a folder with restricted access
D. Use the show filter to filter report results and reduce records returned

Answers

Answer: The correct answer is "D. Use the show filter to filter report results and reduce records returned".

Explanation: If sales users are complaining that opportunity reports return too many results, making it difficult to find their team’s opportunities in the report results it would be convenient use the show filter to filter report results and reduce records returned.

An owner withdrawal of $20,000 would: A. decrease owner’s equity and increase assets by $20,000. B. increase owner’s equity and decrease liabilities by $20,000. C. increase liabilities and assets by $20,000.

Answers

Answer:

C)  increase liabilities and assets by $20,000.

Explanation :

Any financial transaction affects both assets and liability equally. If asset is increased , liability also is increased and vice-versa.

In the given problem , Option  A and option B states that while one increases , other decreases. which is not possible .

So option C is correct.  

Fred Company paid $48,000 for a two-year insurance policy, ($2,000 per month), on October 1 and recorded the $48,000 as a debit to Prepaid Insurance and a credit to Cash. What adjusting entry should Fred make on December 31, the end of the accounting period (no previous adjustment has been made)? Select one: a. Debit: Prepaid Insurance 6,000 Credit: Insurance Expense 6,000 b. Debit : Insurance Expense 6,000 Credit: Prepaid Insurance 6,000 c. Debit: Insurance Expense 24,000 Credit: Prepaid Insurance 24,000 d. Debit: Prepaid Insurance 42,000 Credit: Insurance Expense 42,000

Answers

Answer:

The adjusting entry Fred should make on December 31, the end of the accounting period:

b. Debit : Insurance Expense 6,000 Credit: Prepaid Insurance 6,000

Explanation:

On October 1, Fred Company paid $48,000 for a two-year insurance policy, ($2,000 per month)

From October 1 to December 31, Fred Company has used the insurance for 3 months.

Insurance Expense = $2,000 x 3 = $6,000

The adjusting entry Fred should make on December 31, the end of the accounting period:

Debit Insurance Expense $6,000

Credit Prepaid Insurance $6,000

The adjusting entry should Fred make on December 31, the end of the accounting period is: Debit Insurance Expense $6,000; Credit Prepaid Insurance $6,000.

Journal entry

Based on the information given the appropriate journal entry to record the transaction is:

Fred company adjusting entry

Debit Insurance Expense $6,000

Credit Prepaid Insurance $6,000

( $2,000 x 3 = $6,000)

Inconclusion the adjusting entry should Fred make on December 31, the end of the accounting period is: Debit Insurance Expense $6,000; Credit Prepaid Insurance $6,000.

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