Answer:Gives a description of the limitations on the projection's usefulness.
Explanation: Financial statements are documents that contains the financial status of a given entity,it includes both the previous position, present position and the projections. A financial statements also describes the limitations ( possible short comings or factors that are capable of adversely affecting the the positive outcome of the expected projections. A financial statement is not complete until it has captured all the possible positive and projected negative outcomes expected to hinder the full implementation of the Project or activity.
Bottum Corporation, a manufacturing Corporation, has provided data concerning its operations for May. The beginning balance in the raw materials account was $27,500 and the ending balance was $51,000. Raw materials purchases during the month totaled $78,000. Manufacturing overhead cost incurred during the month was $118,500, of which $3,500 consisted of raw materials classified as indirect materials. The direct materials cost for May was: a) $78,000 b) $54,500 c) $101,500 d) $51,000
Answer:
b) $54,500
Explanation:
Beginning balance of raw material = $27,500
Ending balance was = $51,000
Purchases = $78,000
Direct cost of raw material is the net of the addition of the opening balance of raw materials and purchases less the closing balance. The manufacturing overhead cost is a mix of all the indirect cost incurred during production.
As such, the manufacturing overhead cost of $118,500 consisting of $3,500 consisted of raw materials would not be considered in determining the direct raw material cost.
Direct cost of raw material = $27,500 + $78,000 - $51,000
= $54,500
Simon, a C corporation, had a deficit in accumulated earnings and profits of $50,000 at the beginning of the year and had current earnings and profits of $10,000. At year end, Simon paid a dividend of $15,000 to its sole shareholder. What amount of the dividend is reported as income? a. $0 b. $5,000 c. $10,000 d. $15,000
Answer: The answer is $10,000
Explanation:
Dividend is the portion of a business earnings or reserves that is paid to shareholders. This is usually paid on a yearly basis.
When dividends are paid it first comes out of the current earnings (in this case $10,000).
The excess of the dividend payment (that is $5,000) will be reduced from the sole shareholder's stock in the company, since he is the sole owner of the company.
Answer:
c. $10,000
Explanation:
Dividends are distributed out of the its earnings and profits and hence if current earnings and profits is positive and accumulated earnings and profits is negative, dividends can be distributed only to the extent of current earnings and profits.
Laurie owns a 2014 Honda Accord, which is the third Honda vehicle that she and her husband have owned. They describe themselves as a "Honda family" and intend to purchase another Honda automobile when their daughter gets her driver's license. They know and trust Hondas. Which key concept of marketing does this illustrate?
Answer:
Product Concept
Explanation:
Product concept implies that buyers are always ready to buy products which they know from their experience provide the best performance, innovative characteristics, or quality. Therefore, there is a likelihood that consumers will be loyal if there are different product choices or if the company’s product provide them more benefits.
Therefore, the assumption of the product concept is that the decision to buy a product by the consumer is not based on the price and availability of the product. The only factor that influence the buyer’s decision to buy a product, in this case Honda automobile by Laurie, is greater quality no matter how expensive it may be.
Final answer:
Laurie's preference for Honda illustrates brand loyalty, a key marketing concept where trust, reputation, and past positive experiences play a significant role in perpetuating consumer-brand relationships.
Explanation:
The scenario described illustrates the key marketing concept of brand loyalty. Laurie and her family's continued preference for Honda vehicles due to their trustworthy reputation, experiences and satisfaction, exemplify a strong consumer relationship with the brand.
Honda's reliable products and the maintenance of a trustworthy reputation uphold customer confidence and encourage repeat purchases. Such reputation acts as a buffer against the risks associated with buying a car and ensures the family continues to see Honda as a preferred brand. This aligns with the idea that a customer's loyalty to a brand is significantly influenced by their trust and past positive experiences with the brand.
Furthermore, the mention of competition and the need for innovation in a global context indicates that Honda’s efforts to maintain brand loyalty are not just about quality but also about staying competitive in the market. The company's commitment to meeting consumer needs and the influence of competitive pressure from other global carmakers reflect a focus on consumer orientation and market competition.
Beyer Company is considering the purchase of an asset for $215,000. It is expected to produce the following net cash flows. The cash flows occur evenly throughout each year. Assume that Beyer requires a 12% return on its investments. (FV of $1, PV of $1, FVA of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.)
Year 1 Year 2 Year 3 Year 4 Year 5 Total
Net cash flows $77,000 $ 54,000 $ 82,000 $ 172,000 $ 38,000 $ 423,000
a. Compute the net present value of this investment.
b. Should Beyer accept the investment?
Answer:
a) Net present value of investment = $86,036
b) Since the Net present value is positive thus, Beyer should accept the investment
Explanation:
Data provided in the question:
Cost of the asset = $215,000
Rate of return = 12% = 0.12
Now,
Present Value of Net Cash Flows = Net cash flow × Present value factor
also,
Present value factor = (1 + rate)⁻ⁿ
here,
n is the year
thus,
Year 1 Net cash flows Present value factor Present value
1 77,000 0.89286 68,750
2 54,000 0.79719 43,048
3 82,000 0.71178 58,366
4 172,000 0.63552 109,309
5 38,000 0.56743 21,562
Total 423,000 301,036
a) Net present value of investment = Total present value - Amount invested
= 301,036 - 215,000
= $86,036
b) Since the Net present value is positive thus, Beyer should accept the investment
Describe the organizational forms a company might have as it evolves from a start-up to a major corporation. List the advantages and disadvantages of each form.
A sole proprietorship: Advantage: Single ownership and concentrated decision making authority; Disadvantage: Risk of permanent bankruptcy. Partnership: Advantage: Shared responsibilities; Disadvantage: Conflicts over financial issues. Corporation: Advantage: Multiple investors; Disadvantage: Large shares in profit. Multinational company: Advantage: Large network; Disadvantage: Increased operational costs.
Companies transition through several organizational forms as they grow from start-ups to corporations - Sole Proprietorship, Partnership, Corporation, and Limited Liability Company (LLC). Each comes with its own advantages and disadvantages relating to setup cost, legal liabilities, and management complexity.
Explanation:A company as it evolves from start-up to a major corporation, can transition through several organizational structures. These are Sole Proprietorship, Partnership, Corporation, and Limited Liability Company (LLC).
Sole Proprietorship: It is generally the first form for many start-ups. It is easy and inexpensive to set up but the owner has unrestricted personal liability for the company's debts.Partnership: Here, two or more individuals share ownership. It allows for shared responsibility and resources but disagreements among partners could disrupt the business.Corporation: A legal entity separate from its owners, this form limits the liability of owners. However, it can be expensive to set up and run.Limited Liability Company (LLC): An LLC brings together the benefits of partnerships and corporations. It can be more complex to set up but offers strong legal protections.Learn more about Organizational Forms here:https://brainly.com/question/33584786
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You purchase 750 shares of 2nd Chance Co. stock on margin at a price of $44. Your broker requires you to deposit $17,500. What is your margin loan amount? What is your margin requirement in percentage terms?
Answer:
Part A:
Margin Loan mount= $15500
Part B:
Margin requirement in percentage= 53.03%
Explanation:
Part A:
Formula:
[tex]Margin\ loan\ amount=(stock\ price*Shares)-Deposit[/tex]
In our case:
Stock Price=$44
Shares=750 shares
Deposit=$17,500
[tex]Margin\ loan\ amount=(\$44*750\ Shares)-\$17500\\Margin\ loan\ amount=\$15500[/tex]
Part B:
Formula:
[tex]Margin\ Requirement=\frac{ Deposit}{(stock\ price*Shares)}[/tex]
In our case:
Stock Price=$44
Shares=750 shares
Deposit=$17,500
[tex]Margin\ Requirement=\frac{\$17500}{(\$44*750)}\\Margin\ Requirement=0.5303[/tex]
In Percentage:
Margin requirement in percentage=[tex]0.5303*100=53.03\%[/tex]
Answer:
Purchase price of 750 shares of 2nd Chance Co. stock = 750 * Price of a stock
= 750 * $ 44
= $ 33,000
Hence, Margin loan amount = Purchase price of stock - Deposit required by broker to purchase the 2nd Chance Co. shares
= $ 33,000 - $ 17,500
= $ 15,500
Hence, Margin loan requirement in % = Margin loan amount / Purchase price of stock
= $ 15,500 / $ 33,000
=0.4696 = 47% (Approx.)
Explanation:
Refer to the answer.
Similar to other not-for-profits, government healthcare organizations are able to raise funds through equity investments and they are exempt from income taxes and property taxes.
true/false
Answer:
False
Explanation:
Non-profit organisation are exempted by the government from any sort of taxes to improve their operations and effectiveness. Government health organisation sometimes raise funds through equity investments, and any funds generated thought equity financing comes under tax bracket. In this regard, government healthcare organisations which raise funds by using equity financing are not exempted from income or property tax.
In hierarchical organizational structures, communication between employees tends to:
a)be very difficult to achieve at all.
b)occur across organizational functions.
c)be more "top-down."
d)be more "bottom-up."
Answer:
The correct answer is letter "C": be more "top-down".
Explanation:
Hierarchical organizations are vertical entities in which communication is given from one department to another according to the range employees have in the company. While being bureaucratic, these kinds of companies could have problems with speed in communication since one department cannot jump over another's hierarchy. This communication usually comes from the top (managers) to the bottom (regular employees) rank in the firm.
Answer:
C. Top down communication
Explanation:
Top-down communication literally is a method of issuing communication, instructions and information within a business using a hierarchical structure. Information from the highest-ranking officials within the company filter down to employees using the company's managerial structure.
The top-down approach relies on higher authority figures to determine larger goals that will filter down to the tasks of lower level employees. In comparison, the bottom-up style of communication features a decision-making process that gives the entire staff a voice in company goals.
An increase in the price of a Treewood Equipment feller buncher, which is a commercial forestry machine that cuts and stacks trees. Does this affect the GDP deflator or CPI for U.S.?
Answer: IT WILL AFFECT THE GDP DEFLATOR
Explanation: GDP DEFLATOR is a term used to describe the total change in price of all goods produced within an Economy,an increase in the price of the Tree wood equipment will only affect the GDP DEFLATOR.
GDP DEFLATOR shows the changes in a country's GDP as price level changes.
CPI ( Consumer price index) is the weighted average price of a basket of consumer goods sold within an Economy such as food,clothing, transportation etc.
It doesn't deal with commercial products like the TREEWOOD EQUIPMENT.
On May 7, Bergan Company purchased on account 10,000 units of raw materials at $8 per unit. During May, raw materials were requisitioned for production as follows: 7,500 units for Job 200 at $8 per unit and 1,480 units for Job 305 at $5 per unit. journalize the entry on May 7 to record the purchase and on May 31 to record the requisition from the materials storeroom. Refer to the Chart of Accounts for exact wording of account titles.
Answer:
Dr Purchases/ Raw Material Inventory .......................80,000
Cr Bank/Account Payable....................................................80,000
Dr Work in Process ................................................................67,400
Cr Raw Material Inventory............................................................67,400
Explanation:
FOR PURCHASE OF MATERIAL
Dr Purchases/ Raw Material Inventory .......................80,000
Cr Bank/Account Payable....................................................80,000
Being purchase of 10,000 units of raw materials at $8 per unit
FOR MATERIAL FOR PRODUCTION
Dr Work in Process ................................................................67,400
Cr Raw Material Inventory............................................................67,400
Being materials used in production: 7,500 units at $8 per unit for job 200 and 1,480 units at $5 per unit for job 305
In relation to 'purchase of material' we debit the raw material inventory account because material is increasing and is an asset account; and we credit Bank if the materials have been paid for OR 'accounts payable', if the material has not yet been paid for.
In relation to 'requisition of material for production' we debit the raw material inventory account because material is decreasing and is an asset account; and we credit 'work in process' to assign the cost of materials to the ongoing jobs respectively.
Journal entries are created to record the purchase of raw materials on account and the usage of these materials in production. The initial purchase increases the Raw Materials Inventory and the Accounts Payable, and later, when materials are used, the balance is transferred from Raw Materials Inventory to Work in Process.
The subject of this question is journalizing inventory transactions in accounting. On May 7, when Bergan Company purchased raw materials, the journal entry would be as follows:
Raw Materials Inventory .................. $80,000
Accounts Payable .................. $80,000
Then, at the end of the month, materials were requisitioned for production. The journal entries would be:
Work in Process (Job 200) .............. $60,000
Work in Process (Job 305) ................ $7,400
Raw Materials Inventory .......... $67,400
This reflects that the cost of the raw materials used was transferred from the Raw Materials Inventory account to the Work in Process account, where they will be incorporated into the cost of the finished goods.
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Even if an objective is impossible to attain, it still meets the criteria of a good objective because it can motivate worker.
(A) True
(B) False
False, even if an objective is impossible to attain , it still meets the criteria of good objective because it motivate workers.
Explanation:
Goal and objectives are required for running a company properly. If the workers are motivated they will be able to increase the production as well as work hard to improve their performance. It will increase the output
Proper motivation increases the efficiency of the workers , it also increases the efficiency of the company, it also reduces the cost and also increase the overall productivity. Workers are also motivated if they are given reward for their work. The leader should keep in mind that he should motivate for that can be achieved if the goal are not not achieved the workers will be dishearten.
Assume the Macro Islands can produce 25 fishing boats or 150 jars of guava jelly in one hour. The Micro Islands can produce 30 fishing boats or 300 jars of guava jelly in the same time period. The opportunity cost of producing 1 fishing boat in the Micro Islands is
Answer:
10 jars of guava jelly.
Explanation:
The value or benefit that was forgone or given up when a choice is made between two alternatives is what we referred to as opportunity cost. In economics, it is called alternative forgone or real cost.
The formula for opportunity cost is given below
Opportunity cost = Value of alternative forgone/Value of alternative choosing
Value of alternative forgone = 300 jars of guava jelly
Value of alternative choosing = 30 fishing boats
Opportunity cost = 300/30
Opportunity cost = 10 jars of guava jelly.
Therefore the opportunity cost of producing 1 fishing boat in the Micro Islands is 10 jars of guava jelly.
The move of retail banking to use ATMs after Citibank unveiled its first ATMs illustrates the use of information systems to achieve which business objective?
a. customer and supplier intimacy
b. improved decision making
c. survival
d. competitive advantage
e. improved efficiency
Answer:
The correct answer is letter "E": improved efficiency.
Explanation:
Among the many advantages that information has brought to the business world, improving corporations' efficiency is one of them. The ability of employees to implement technology to reduce costs or to improve the quality of the outcome determines how profitable a firm could be based on the type of product provided to consumers. At the same time, companies who want to achieve their goals are likely to imitate the successful practices of other firms to remain competitive.
With yearly inflation of 5%, prices are given by P=P0(1.05)t, where P0 is the price in dollars when t=0 and t is time in years. Suppose P0=1. How fast (in cents/year) are prices rising when t=10? Round your answer to two decimal places.
Answer:
0.07947
Explanation:
Given that
P=P0(1.05)t
where
P0 represents the price in dollars
Plus P0 = 1
T = time = 10 years
So the equation is
P = 1(1.05)^10
The formula is shown below:
[tex]\frac{d(a^x)}{dx}=a^x\log a[/tex]
[tex]\frac{d(P)}{dt}=\frac{d(1.05)^t}{dt}=1.05^t\ln (1.05)[/tex]
[tex]\frac{d(P)}{dt}=\frac{d(1.05)^{10}}{dt}=1.05^{10}\ln (1.05)[/tex]
After solving this, the value is 0.07947
What is the value of a preferred stock that pays a perpetual dividend of $150 at the end of each year when the interest rate is 7 percent
Answer:
$2,143
Explanation:
The computation of the value of the preferred stock is shown below:
Value of the preferred stock = Cash flows with respect to perpetual dividend ÷ the rate of interest
= $150 ÷ 0.07
= $2,143
Simply we divided the rate of the interest by the cash flows so that the accurate value of the preferred stock can be computed
Bristol Car Service offers airport service in a mid-size city. Bristol charges $56 per trip to or from the airport. The variable cost for a trip totals $30, for fuel, driver, and so on. The monthly fixed cost for Bristol Rainbow Tours is $7, 280. How many trips must Bristol sell every month to break even? Break-even point trips Bristol's owner believes that 300 trips is a reasonable forecast of the average monthly demand. What is the margin of safety in terms of the number of airport trips? Margin of safety trips
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Bristol charges $56 per trip
The variable cost= $30
The monthly fixed cost= $7, 280.
To calculate the break-even point we need to use the following formula:
Break-even point= fixed costs/ contribution margin
Break-even point= 7,280 / (56 - 30)= 280 trips
Margin of safety= (current sales level - break-even point)
Margin of safety= 300 - 280= 20 trips
Final answer:
To calculate the breakeven point for Bristol Car Service and understand the margin of safety in terms of airport trips.
Explanation:
Breakeven: The breakeven point for Bristol Car Service can be calculated by dividing the total fixed costs by the contribution margin per trip. With a fixed cost of $7,280, a contribution margin of $26 per trip, Bristol needs to sell 280 trips to break even.
Margin of safety: The margin of safety is the amount by which sales exceed the breakeven point. If Bristol sells 300 trips, the margin of safety in terms of the number of airport trips is 20 trips.
If the total fixed costs increase, does this change average (total) costs? How about average variable costs?
Answer:
Yes, it changes the average (total) costs but the average variable costs remain the same.
Explanation:
Average Total Costs = Total Cost / Total Output
= ( Fixed costs + Variable costs) / Total Output
Average Variable Costs = Total Variable Costs / Total Output
Since the total fixed costs increase there will be an increase in total cost, which will ultimately increase the average total costs. Since there is an increase in total fixed costs or fixed costs for that matter, there will be no change in the total output produced as fixed costs have to be incurred always, irrespective of the level of output produced.
Since, there is a change in fixed costs, there will be no change in variable costs and thus there will be no change in average variable costs also.
Given the following data: Return on investment 35% Turnover 2.8 Margin 10% Sales $280,000 Average operating assets $80,000 Minimum required rate of return 20% The residual income would be:
Answer:
Residual income = $12000
Explanation:
given data
Return on investment = 35%
Turnover = 2.8
Margin = 10%
Sales = $280,000
Average operating assets = $80,000
Minimum required rate of return = 20%
solution
first we get here total Investment that is
Investment = Sales × [tex]\frac{margine}{return}[/tex] ...............1
Investment = $280,000 × [tex]\frac{10}{35}[/tex]
Investment = $80000
and now we get Residual income that is express as
Residual income = Sales × Margin - Investment × Minimum required rate of return ...................2
Residual income = $280,000 × 10% - $80000 ×20%
Residual income = $12000
In a(n) _____ policy approach, a company that collects information does not use the information for any other purpose unless the customer specifically chooses to allow that use.
Answer:
Opt in
Explanation:
Opt in policy approach, is the kind of approach in which the policy is sets out in order to ensure the consistent application and the understanding of the firm or company opt in approach for communication with the individuals.
In short, it is defined as the permission expressed by the company or the firm, which gathers or collect the information , does not use the information for any other motive unless the client or the customer specially chooses or opt to allow for using the information.
In Fine Fettle is considering three different options for selling its new product:
a. warehouse clubs,
b. supermarkets, and
c. high-end health food markets.
Explanation:
warehouse club sell items in bulk and offer limited choices in each product category.
high end health food market carry only health food product in a boutique like setting
An advantage of mass production is its ability to adapt quickly to changes in demand.
Answer:
The statement is: False.
Explanation:
One of the main disadvantages of mass production is the fact that it requires a large number of production units and processes. As the output increases, more labor hand and organizational management are requested. Thus, in front of sudden market changes, it will be harder for such manufacturing companies to adapt.
__________ is a part of the HR planning process that refers to identifying and examining the organization’s external environment in order to anticipate and identify positive or negative factors that might influence the organization
Answer:
The correct answer is letter "D": Environmental scanning.
Explanation:
Environmental scanning involves the set of acts companies take to study the events happening inside and outside the firm so the impact of those actions can be measured. Environmental scanning is important for every organization since the environment both internal and external of the company is rapidly changing and by measuring those changes, firms can create contingency plans to keep on track pursuing their objectives.
From a purely economic point of view, should the government impose price floors on wages, otherwise known as a minimum wage? What are the pros and cons of doing so, and do the pros outweigh the cons or do the cons outweigh the pros? Explain.
Answer:
Pros: People searching for job opportunities: 1. Can feel secure of obtaining a wage that is enough to live with dignity. 2. Standardize the negotiation across all labor markets, making it easy to contract workers at minimum wage. Cons: 1. The allocation of resources by market mechanism won't work for low range salary jobs. This can create inefficiencies like the supply of work (unemployed workers) not hired. 2. Levels of production not matching the demand in certain levels (the minimum price of a product is higher than a scenario where not regulated wages). 3. If the productivity of the job position is below of the cost, the employer won't be able to produce at all.
Explanation:
In order to assess if the pros outweigh the cons we need to have specific market situations. Per example, in countries where the average productivity per worker is higher than the minimum wage in the majority of labor markets, the pros outweigh the cons. In countries where productivity per worker is lower than minimum wage, is expected to see high levels of unemployment and distortion in the price of factors, putting pressure in other economic variables. In this scenario, the pros not outweigh the cons.
The government's imposition of a minimum wage, or price floor on wages, aims to ensure a living wage for employees but can lead to higher unemployment. The balance of pros and cons depends on how such a price floor impacts the labor market and whether it significantly affects employment levels.
From a purely economic point of view, the imposition of a price floor on wages, known as a minimum wage, is designed to ensure workers are paid enough to meet their basic needs. This economic policy has both benefits and drawbacks. Pros include the assurance that workers earn a living wage, potentially reducing poverty and bolstering consumer spending, which in turn can drive economic growth. Cons, on the other hand, include the potential for higher unemployment as employers may hire fewer workers due to increased labor costs, and the possibility of giving rise to uncompetitive business environments.
One of the key arguments for minimum wage laws is that they increase the purchasing power of low-income workers. The intention is that with higher wages, workers will be better able to support themselves and their families. However, if the price floor is set too high, it can lead to an excess supply of labor (unemployment) if employers cut back on hiring. Therefore, governments aim to balance the desire to increase wages with the potential negative impact on employment levels.
In assessing whether the pros outweigh the cons, much depends on the market conditions and the responsiveness of supply and demand to changes in wages. A price floor that does not create a substantial excess supply of labor may seem justifiable, but if it creates significant unemployment, the cons may outweigh the pros. Therefore, much of the disagreement about the implementation of a minimum wage comes from varying perspectives on its impacts on unemployment and the overall economy.
Your uncle has $1,200,000 and wants to retire. He expects to live for another 25 years, and he also expects to earn 7% on his invested funds. How much could he withdraw at the beginning of each of the next 25 years and end up with zero in the account? a. $84,703.56 b. $82,162.46 c. $96,236.09 d. $105,032.42 e. $77,080.24
Answer:
C) $96,236.09
Explanation:
To solve this problem, we will use the Present Value of an annuity due formula. The annuity is due because the withdrawals are made at the beginning of each period.
The formula is:
[tex]P = A (1-(1+i)^{-n} / i)*(1+i)[/tex]
Where:
P = Present value of the annuity
A = Value of each annuity payment
i = Interest rate
n = number of periods
Now, we simply plug the amounts into the formula:
[tex]1,200,000 = A (1-(1+0.07)^{-25} /0.07)*(1+0.07)\\1,200,000 = A (12.469334)\\1,200,000/12.469334 = A\\96,236.09 = A[/tex]
All of the following are examples of place advertising EXCEPT _____. a. billboards and bulletins b. transit ads c. shopping cart ads d. posters e. cinema ads
Explanation:
Billboards and bulletins:
Theses are the most impact way of advertising. These are normally huge and kept in vehicular traffic to attract customers.
Transit ads:
In simple terms, transit ads are the advertisement posted or hanged on the moving vehicles ie. in the side or back of bus, van, etc to advertise and attract customer.
shopping cart ads:
Advertisement that are pasted on the shopping cart
posters:
These are large printed pictures
cinema ads:
Advertisement which are played in the cinema theater To attract customer through a big screen.Shopping Ads is not an example of place advertising because it is an In-house advert.
A place advertising refers to a type of advertisement done through creative and unexpected forms in other to grab the potential consumer's attention.
Billboards and bulletins are very good example of place advertising, usually huge and kept in vehicular traffic to attract customers.
The Transit ads are hanged on a moving vehicles to advertise and attract customer.
Posters are like billboard and intends to attract customers.
In conclusion, the Correct Option is Shopping Ads because it is an In-house advert.
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The development of package design, trademarks, warranties, and service policies is associated with the _____ element of the marketing mix.
Answer:
The correct answer is letter "A": product.
Explanation:
The marketing mix is a strategic analysis of the internal factors of a company and developed especially to firms. (Four) are the variables considered for a business: product, price, place, and promotion. The product involves the good or service the organization intends to offer and all the quality and legal implications.
You work as an assistant coach on the university basketball team and earn $14 per hour. One day, you decide to skip the hour-long practice and go to the local carnival instead, which has an admission fee of $9. The total cost (valued in dollars) of skipping practice and going to the carnival (including the opportunity cost of time) is
Answer:
[tex] Total cost = 9 + \frac{14 dollars}{hour} *1 hour = 9+14 = 23 dollars[/tex]
Explanation:
For this case let's define some notation:
y = Amount of money earned
x = Number of hours working
For this case if we assume that we have a linear relationship between the amount of money and the time t in hours working we have the following relationship:
[tex] y = 14 \frac{dollars}{hour} x[/tex]
And we want to find the cost of skipping practice and going to the carnival including the oportunity cost time.
So we have the following formula for the total cost:
[tex] Total cost = Opportunity cost +Variable costs[/tex]
Based on the information the person slip 1 hour long practice so on this case we have a cost of 14*1 =14$ dollars and the other cost is the associated to the amount of money spent at the carnival 9$.
And for this case then if we analyze the situation we can replace and we got:
[tex] Total cost = 9 + \frac{14 dollars}{hour} *1 hour = 9+14 = 23 dollars[/tex]
"Which of the following is the reason behind the slow growth in U.S. incomes during the 1970s and 1980s a. unstable economic conditions in Eastern Europe.b. increased competition from abroad.c. a decline in the rate of increase in U.S. productivity.d. a strong U.S. dollar abroad, hurting U.S. exports.
Answer:
A. Decline in the rate of increase in U.S. productivity.
Explanation: The Economic policies of the 1970s and 1980s led to reduced U.S. productivity,the production levels dropped drastically as a result of TAX CUTS for high income earners which was approved for the Rich by the Government.
Heavy Interest rate for the supply of Goods and services caused many industries to fold up,due to the high cost of Borrowing for the purchase of raw materials and other equipments and required. These factors were thought to be stimulants for the Economy but they all eventually adversely affected the United States Economy.
Answer:
Correct answer is (c) a decline in the rate of increase in U.S. productivity.
Explanation:
During the period, there was a slowdown in productivity level in U.S and as it known that the rate of productivity determine the standard of living of any nation. The U.S economy primarily depends on company output and as a slowing down in their productivity level, the growth also slow down.
Show your understanding of interest by completing the following sentence: Interest is the amount of money (earned, owed) by the owner of an asset and (paid, earned) by the borrower of the asset for its use.
Answer:
Interest is the amount of money earned by the owner of an asset and paid by the borrower of the asset for it's use.
Explanation:
For example I am the owner of an asset which is cash and I lend out the cash to a borrower for a 7% interest. Now I as the owner of the asset will earn this 7% interest because I let someone else use my asset and they owe me this money, whereas on the other hand the borrower will pay me an interest for using my asset.
During the 1970s and 1980s, formal project management practices were put in place because the constraints were _____ and _____ boundaries had to be crossed
During the 1970s and 1980s, formal project management practices were put in place because the constraints were Tight and Several boundaries had to be crossed
Explanation:
Management of the project consists of expertise, experience, strategies and techniques. The 1970s and 1980s brought more published data about the management of programs into the hands of the public.
In the 1970s and 1980s, further empirical research were generated on project management and ideas, processes, and guidelines were developed. The potential benefits of formal project management were seen, for example, and standards began to be adopted.