Alternate Outputs from One Day's Labor Input: USA: 12 bushels of wheat or 3 yards of textiles. India: 3 bushels of wheat or 12 yards of textiles. From the data, the USA:________.

a) has an absolute advantage over India in the production of wheat.

b) should export textiles to India.

c) has an absolute advantage over India in the production of textiles.

d) has a comparative advantage in the production of textiles.

Answers

Answer 1

Answer: a) has an absolute advantage over India in the production of wheat.

Explanation:

When a country is said to have an Absolute advantage in the production of a commodity, it means that they can produce more of that commodity than the country being compared to given the same amount of resources, all else being equal.

Given one day's labor input, the US can produce 12 bushels of wheat while India can only manage 3 bushels. The United States therefore has an Absolute advantage in the production of Wheat than India.


Related Questions

Link Co. purchased machinery that cost $3,000,000 on January 4, 2016. The entire cost was recorded as an expense. The machinery has a nine-year life and a $200,000 residual value. The error was discovered on December 20, 2018. Ignore income tax considerations. Before the correction was made, and before the books were closed on December 31, 2018, retained earnings was understated by:_________.a. $3,000,000.
b. $2,066,667.
c. $2,377,778
d. $2,333,333.

Answers

Answer:

c. $2,377,778

Explanation:

Recording the entire cost as expense would have understated Retained Earnings by $3,000,000

Annual Depreciation on machine = Purchase cost - Residual value / Useful life

= ($3,000,000 - $200,000) / 9

= $311,111

Depreciation would have been recorded for $622222 for 2 years had machinery been correctly recorded ($311,111 * 2) = $622,222

On December 20, 2018, the net understatement of Retained Earnings = $3,000,000 - $622,222

= $2,377,778

The involvement by a company in more than one of the activities in the entire value chain from development through production, distribution, sales, and after-sales service is called ________. opportunity cost vertical integration relevant cost avoidable cost

Answers

Answer: vertical integration

Explanation: The integrating (to include as a constituent part or functionality) of successive stages in the production and marketing process under the ownership or control of a single management organization is known as vertical integration. As such, such a firm is usually involved in various activities in the entire value chain. This helps it reduce costs, ensure tighter quality control, as well as ensuring a better flow and control of information across the value chain.

Morgan Company issues 10%, 20-year bonds with a par value of $760,000 that pay interest semiannually. The amount paid to the bondholders for each semiannual interest payment is.

Answers

Answer: $38,000

Explanation:

The company is supposed to pay bondholders an Interest of 10% per year according to the terms of the terms of the bond.

= 10% * 760,000

= $76,000

However, payments are to be made semi-annually which will be;

= 76,000 * 1/2

= $38,000

George Hansen is General Manager for the Marigold Inn in Augusta, Georgia. Sharon Coombs is Restaurant and Food Services manager for the Inn. She reports to George. Two years ago, Sharon noticed a decline in room service business, the highest margin potion of her operation. This decline coincided with an increase in the national sales of pizza delivery and carryout firms as well as an increase in the number of empty pizza boxes from these firms being left in guest rooms in the Inn. Her immediate response was to install a pizza oven in the kitchen and offer room service pizza to guests. The effort met with modest success, though it was well below her expectations. Questionnaires completed by departing guests revealed a problem of product quality.
Focusing on this problem, Sharon improved the Inn’s pizza until blind tests judged it at least equal in quality to the products of the two major pizza delivery competitors in Augusta. Sales did not improve, convincing Sharon that the problem was a perceived mismatch between the hotel’s image and guests’ expectations of pizza makers. Guests simply did not seem to believe that the traditional steak and seafood restaurant at the Inn could make a high-quality, authentic pizza.
Based on this conclusion, Sharon presented the following proposal to George:
"Sales of room service pizza are stagnant due to guests’ misperception that our product is lower in quality than that of competitors. This misperception is based on the belief that until we disassociate our pizza from the Marigold Inn name. Therefore, to capture more room service pizza business, we should create a ‘Napoli Pizza’ image for our guest room delivery service by:
Preparing ‘Napoli Pizza’ brochures for each guest room, complete with a phone number with a prefix different from that of Marigold Inn. The number will reach a special phone in room service, which will be answered, ‘Napoli Pizza, authentic Italian pizza from old, family recipes.’
Using special ‘Napoli Pizza’ boxes for delivering room service pizza to guests.
Issuing ‘Napoli Pizza’ hats and jackets to room service personnel for use in pizza delivery. Room service waiters and waitresses will wear these garments to deliver pizza. They will change to their regular uniforms for other deliveries.

Answers

Answer:

Correct Answer:

1. Preparing ‘Napoli Pizza’ brochures for each guest room, complete with a phone number with a prefix different from that of Marigold Inn. The number will reach a special phone in room service, which will be answered,

Explanation:

This is the best logical suggestion to George because, the guests already had the impression that, the inn cannot be able to produce a very high quality and tasty pizza. Preparing "Napoli Pizza" with different information from the Inn is best alternative. the guest would believe that, the pizza is coming from another quality pizza making company.

Ideally, in effective marketing planning, goals should be _____ in terms of what is to be accomplished and when.

Answers

Answer:

The answer is quantified and measurable.

Explanation:

Goals need to be quantified and measurable in effective marketing planning. To determine what needs to be accomplished and when, we must put figures to it. This makes performance measurement easier where variances at the end can be analysed.

For example, one of the marketing goals for bank A might be to onboard 100 new customers every month for a year after the launching of its new mobile app.

This example is quantified and can be measured every month.

Deployment Specialists pays a current (annual) dividend of $1.00 and is expected to grow at 20% for 2 years and then at 4% thereafter. If the required return for Deployment Specialists is 8.5%, what is the intrinsic value of its stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Answers

Answer:

$30.80

Explanation:

Intrinsic value

V0=D1/1+k +D2/(1+k)^2 +DH+PH/(1 +k)^H

Let plug in the formula

First step

V0=$1 × 1.2/(1+0.085) +($1 × 1.2)^2/(1+0.085)^2 +($1 × 1.2)^2*1.04/(0.085-0.04)*(1+0.085)^2

Second step

V0=1.2/1.085+1.44/1.007225+1.44*1.04/0.045*1.177225

Third step

V0=1.2/1.085+1.44/1.007225+1.4976/0.052975

Fourth step

V0=1.10599+1.42967+28.26993

V0=$30.80

Therefore the intrinsic value of its stock will be $30.80

Knowing she has sold 5,000 pairs, assume the company wants to launch a Black Friday promotion, where she would discount her shoes by 10%. How many more shoes would she have to sell to justify this promotion

Answers

Revenue: $500,000

Shoes: $250,000

Shoe boxes: $1,000

Advertising: $500

Rent: $1,000

Depreciation: $25

Knowing she has sold 5,000 pairs, assume the company wants to launch a Black Friday promotion, where she would discount her shoes by 10%. How many more shoes would she have to sell to justify this promotion?

A. 25.13% more shoes

B. 20.08% more shoes

C. None of the above, but I could calculate this with the information I am given.

D. None of the above, I cannot calculate this with the information I am given.

Answer:

Option A. 25.13% more shoes

Explanation:

Cost Benefit analysis would be useful here to acknowledge what percentage of shoe sales is required to justify the promotion.

The Benefit drawn before 10% promotion proposal:

Revenue:                           $500,000

Shoes:                               ($250,000)

Shoe boxes:                         ($1,000)

Advertising:                           ($500)

Rent:                                     ($1,000)

Depreciation:                          ($25)

Profit                                    $247,475

The Benefit drawn before 10% promotion proposal:

Revenue:                           $450,000

Shoes:                               ($250,000)

Shoe boxes:                        ($1,000)

Advertising:                          ($500)

Rent:                                    ($1,000)

Depreciation:                         ($25)

Profit                                   $197,475

Now we can calculate how much additional sales must be required to justify the promotion.

Sales Increase Required = (Initial Profit - Before Promotion) / Profit After Promotion

Sales Increase Required = ($247,475  - $197,475) / $197,475

Sales Increase Required = 25.31% which is close to option 1, hence Option 1 is correct here.

Promotion is termed as the activity that involves the spreading or publicizing of information regarding the products and services. It is a part of marketing that involves publicity and public relations between the customers.  

The correct option is A. 25.13% more shoes

Cost Benefit analysis would be useful here to acknowledge what percentage of shoe sales is required to justify the promotion.

The Benefit drew before 10% promotion proposal:

Revenue:                           $500,000

Shoes:                               ($250,000)

Shoe boxes:                         ($1,000)

Advertising:                           ($500)

Rent:                                     ($1,000)

Depreciation:                          ($25)

Profit                                    $247,475

The Benefit drew before 10% promotion proposal:

Revenue:                           $450,000

Shoes:                               ($250,000)

Shoe boxes:                        ($1,000)

Advertising:                          ($500)

Rent:                                    ($1,000)

Depreciation:                         ($25)

Profit                                   $197,475

Now we can calculate how much additional sales must be required to justify the promotion.

Sales Increase Required = [tex]\frac{\text{Initial Profit - Before Promotion}}{\text{Profit After Promotion}}[/tex]

Sales Increase Required = [tex]\frac{\$247,475-\$197,475}{\$197,475}[/tex]

Sales Increase Required = 25.31% which is close to option 1, hence Option 1 is correct here.

To know more about the promotional activities, refer to the link below:

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Which of the following statements is true of the new product development process? Question 8 options: 1) Commercialization is the process of inviting broad communities of people such as customers, employees, and scientists into the new product innovation process. 2) The purpose of the idea screening stage is to create a large number of ideas. 3) The concept testing stage is the stage at which the product and its proposed marketing program are introduced into realistic market settings. 4) Under the business analysis stage, if the new product satisfies the company's objectives, the product then moves to the product development stage. 5) A product concept is the way consumers perceive an actual or potential product.

Answers

Answer: 4) Under the business analysis stage, if the new product satisfies the company's objectives, the product then moves to the product development stage.

Explanation:

The Business Analysis stage of the New Product Development Process is a more in-depth analysis of the product to find out the viability of the product in the market and what it means for the firm.

Here the big questions are asked such as;

The Cost of the product to produceIf adequate profit will be generatedProjected market demandExisting competitors etc

Once these questions have been answered and other analysis made and the company is satisfied, the product can then move to the Product Development Stage.

It is true that under the business analysis stage, if a new product satisfies the company's objectives, it moves to the product development stage.

In a New Product Development Process, the Business Analysis stage entails in-depth analysis of the product to find out the viability of the product in the market and what it means for the firm.

The questions asked in the  Business Analysis stage includes:

The Cost of the product to produce If adequate profit will be generated Projected market demand Existing competitors

In conclusion, it is true that under the business analysis stage, if a new product satisfies the company's objectives, it moves to the product development stage.

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All of the following securities can be sold by both an individual holding a Series 7 General Securities License and an individual holding a Series 6 Investment Companies / Variable Annuities registered representative's license EXCEPT:

a. Unit Investment Trusts
b. Mutual Funds
c. Initial Public Offerings of
d. losed End Funds
e. Real Estate Investment Trusts

Answers

Answer:

e. Real Estate Investment Trusts

Explanation:

An individual that holds Series 6 Investment Companies / Variable Annuities initially  is allowed only to sell mutilate bonds, initial public entry of closed end bonds of which which these cannot be traded by the person unless series 7 is passed generally that is unit investment trust and variable annuities.  to sell securities like real estate investment trust,  the broader or wider  Series 7 General Securities License is needed.

Real estate investment trust (REITs) usually gives or  issue shares of beneficial interest which trade like other stocks, either on stock exchanges or over-the-counter. These securities are not redeemable.

Net sales for the year were $1,050,000 and cost of goods sold was $735,000 for the company’s existing products. A new product is presently under development and will have an expected selling price of not more than $68 per unit in order to remain competitive with similar products in the marketplace. Required: a. Calculate gross profit and the gross profit ratio for the year.

Answers

Answer:

The answer is:

Gross profit is $315,000

Gross profit ratio is 30 percent

Explanation:

Gross profit equals net sales minus cost of sales

Net sales - $1,050,000

Cost of sales - ($735,000)

Gross profit -. $315,000

Gross profit ratio is:

(Gross profit / net sales) x 100 percent

($315,000 / $1,050,000) x 100 percent

0.3 x 100 percent

30 percent.

So we have:

Gross profit is $315,000

Gross profit ratio is 30 percent

Regulations that permit a regulated firm to cover its costs and to make a normal level of profit are commonly referred to as

Answers

Answer:

cost plus regulation

Explanation:

Cost plus regulation is generally used by the government to regulate monopolies (mainly natural monopolies like utilities, and others). The price that the monopoly can charge for its goods or services is set by the government and it should generally cover all of the company's costs plus allow it to make a "normal" profit.

Cameroon Corp. manufactures and sells electric staplers for $15.30 each. If 10,000 units were sold in December, and management forecasts 3.3% growth in sales each month, the number of electric stapler sales budgeted for March should be:

Answers

Answer:

Electric stapler sales budgeted for March should be: 11,023 units.

Explanation:

Apply the growth of 3.30% to each month starting December as follows :

December Sales = 10,000 units

January Sales     = 10,000 × (1.033)^1  = 10,330 units

February Sales   = 10,000 × (1.033)^2 = 10,671 units

March Sales        = 10,000 × (1.033)^3 = 11,023 units


Your boss has asked you to hand deliver five invitations to a special luncheon he is hosting. When you receive the
invitations, they have only first and last names but no addresses. You remember that they all live side by side in an
apartment building on Central Street. The boss left the following information with his assistant, but it is all you have. Time to
problem-solve to figure out who lives where!
This much you know for sure Carly has Greg as one next-door neighbor and the Joneses as her other next-door
neighbors. Now it's it up to you to figure out who lives in the other apartments. It may be helpful for you to draw five boxes
to use as a visual guide. Furthermore, writing names on your drawing in pencil will allow you to keep track of the neighbors
as you place them in their homes.
1 The Smiths live in the westernmost apartment, Louis lives in the easternmost
2. Leon has Mia as one next-door neighbor with TJ on the other side.
3. Both Tami and TJ live east of the Williamses.
4. TJ lives next door to the Browns
5. Tom lives west of the Garcias and east of Carly
6. Kris and Tami are next-door neighbors. The Garcias also live next to Tami but on the other side.
7. Nikki lives east of TJ.

Answers

Answer:

1)Smiths

2)Nikki

3)Williams

4)Mia

5) Leon

6)TJ

7)Browns

8)Joneses

9)Carley

10)Greg

11)Tom

12)Garcias

13)Tami

14)Kris

15)Loise

Explanation:

The following unadjusted trial balance is prepared at fiscal year-end for Nelson Company.

1.NELSON COMPANY Debit Credit
2. Cash $1,000
3. Merchandise Inventory 12,500
4. Store supplies. 5,800
5. Prepaid Insurance. 2,400
6. Store equipment. 42,900
7. Accumulated depreciation - Store equipment $15,250
8. Accounts payable 10,000
9.J. Nelson, Capital 32,000
10.J. Nelson, Withdrawal 2,200
11. Sales. 111,950
12. Sales discounts 2,000
13. Sales returns and allowances 2,200
14. Cost of goods sold 38,400
15. Depreciation expense- Store equipmen 0
16. Salaries expense 35,000
17. Insurance expense 0
18. Rent expense 15,000
19. Store supplies expense 0
20. Advertising expense 9,800
21. Totals $169,200 169,200


Nelson company uses a perpetual inventory system. It categorizes the following accounts as selling expenses:

Required:
1. Prepare adjusting journal entries to reflect each of the following:

a. Store supplies still available at fiscal year-end amount to $1,750.
b. Expired insurance, an administrative expense, for the fiscal year is $1,400.
c. Depreciation expense on store equipment, a selling expense is $1,525 for the fiscal year.
d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $10,900 of inventory is still available at fiscal year-end.

2. Prepare a multiple-step income statement for fiscal year 2015.
3. Comple the statement of retained earnings and the balance sheet.
4. Compute the current ratio, acid-test ratio, and gross margin ratio as of January 31, 2015. (Round ratios to two decimals.)

Answers

Answer:

1)

a. Store supplies still available at fiscal year-end amount to $1,750.

Dr Supplies expense 4,050

    Cr Supplies 4,050

b. Expired insurance, an administrative expense, for the fiscal year is $1,400.

Dr Insurance expense 1,400

    Cr Prepaid insurance 1,400

c. Depreciation expense on store equipment, a selling expense is $1,525 for the fiscal year.

Dr Depreciation expense on store equipment 1,525

    Cr Accumulated depreciation: store equipment 1,525

d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $10,900 of inventory is still available at fiscal year-end.

Dr Cost of goods sold 1,600

    Cr merchandise inventory 1,600

2) Income statement

Sales                                                             $111,950

Sales discounts                                    $2,000 Sales returns and allowances             $2,200

Net sales                                                    $107,750

- Cost of goods sold                                  $40,000

Gross profit                                                 $67,750

Operating expenses:Depreciation expense $1,525Salaries expense $35,000 Insurance expense $1,400 Rent expense $15,000 Store supplies expense $4,050 Advertising expense $9,800            $66,775

Operating income                                           $975

3) Statement of owner's equity (the company doesn't have retained earnings)

J. Nelson, Capital, at January 1, 202x                 $32,000

Net income 202x                                                       $975

Subtotal                                                                 $32,975

- Withdrawals                                                          $2,200

J. Nelson, Capital, at December 31, 202x           $30,775

Balance sheet

Assets:

Cash $1,000

Merchandise Inventory $10,900

Store supplies $1,750

Prepaid Insurance $1,000

Store equipment, net $26,125

Total assets $40,775

Liabilities + owner's equity:

Accounts payable $10,000

J. Nelson, Capital $30,775

Total liabilities + owner's equity $40,775

4) current ratio = $14,650 / $10,000 = 1.465

acid test ratio = $3,750 / $10,000 = 0.375

gross margin ratio = $67,750 / $107,750 = 0.629

All of the following are disadvantages of using the average rate of return except a.The average rate of return method does not consider the expected timing of the expected cash flows. b.The average rate of return method does not use present values. c.The average rate of return method does not use the expected cash flows from the proposal. d.All of these choices are disadvantages.

Answers

Answer:

D

Explanation:

average rate of return = average net income / average book value

an advantage of average rate of return is that it is easy to calculate.

its disadvantages include :

a.The average rate of return method does not consider the expected timing of the expected cash flows like the NPV and IRR method.

b.The average rate of return method does not use present values.

c.The average rate of return method does not use the expected cash flows from the proposal. it makes use of accounting values instead.

The problem with average-cost pricing regulation is that once it is in place, there is a tendency for the:________


a. ATC curve to shift upward.

b. MR curve to shift leftward.

c. D curve to shift leftward.

d. ATC curve to shift downward.

e. D curve to shift rightward.

Answers

Answer:

a.  ATC curve to shift upward

Explanation:

Average cost pricing is a form of pricing that appears as one of the ways in which the government operates a monopoly market. The government, however, may utilize average cost pricing as a tool to oversee prices monopolists may charge.

In other words, this implies that Monopolists always incline to produce less than the optimal amount boosting the prices up.

Hence, the problem with average-cost pricing regulation is that once it is in place, there is a tendency for the: "Average Total Cost curve to shift upward." This can be a result of an increase in output and reduction price

The following data relate to factory overhead cost for the production of 10,000 computers: Actual: Variable factory overhead $262,000 Fixed factory overhead 90,000 Standard: 14,000 hrs. at $25 350,000 If productive capacity of 100% was 15,000 hours and the total factory overhead cost budgeted at the level of 14,000 standard hours was $356,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $6.00 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

Answers

Answer:

Calculation of variable overhead controllable variance

Standard hours allowed for 10,000 computers = 14,000 hours

Budgeted variable expense = Standard hours allowed * variable overhead rate

= 14,000 * ($25 - $6)

= $266,000

Variable overhead controllable variance = Actual variable overhead expense - Budgeted variable overhead expense

= $262,000 - $266,000

=$4,000 (Unfavorable)

Calculation of fixed overhead volume variance:

Applied overhead = Number of computers produced * Fixed overhead rate

= 10,000 * $6.00

= $60,000

Budgeted fixed overhead = $90,000

Fixed overhead volume variance = Budgeted fixed overhead - Applied fixed overhead

 = $90,000 - $60,000

= $30,000 (Favorable)

Calculation of Total factory overhead volume variance:

Total factory overhead cost variance = Variable overhead controllable variance + Fixed overhead volume variance

= - $4,000 + $30,000

= $26,000 (Favorable)

At Jacobson Company, indirect labor is a variable cost that varies with direct labor-hours. Last month’s performance report showed that actual indirect labor cost totaled $5,780 for the month and that the associated spending variance was $245 Favorable. If 24,100 direct labor-hours were actually worked last month, then the flexible budget cost formula for indirect labor must be (per direct labor-hour):

Answers

Answer:

Flexible budget cost formula for indirect labor is  $0.25 per DL hours

Explanation:

Flexible budget cost for indirect labor = Actual indirect labor cost + Associated spending variance

= $5,780 + $245

= $6,025

Flexible budget cost formula for indirect labor= Flexible budget cost for indirect labor / Direct labor-hours

= $6,025 / 24,100 DL hours

= $0.25 per DL hours

the price of envelopes was $3 a box, and Julie was willing to buy 10 boxes. Today, the price has gone up to $3.75 a box, and Julie is now willing to buy 8 boxes. Is Julie's demand for envelopes elastic or inelastic? What is Julie's elasticity of demand?​

Answers

Answer:

Her elasticity of demand is the absolute value of -0.8, or 0.8. Julie's elasticity of demand is inelastic, since it is less than 1.

Explanation:

% Change in Quantity = (8 - 10)/(10) = -0.20 = -20%

% Change in Price = (3.75 - 3.00)/(3.00) = 0.25 = 25%

Elasticity = |(-20%)/(25%)| = |-0.8| = 0.8

The following data were taken from the financial statements of Gates Inc. for the current fiscal year. Property, plant, and equipment (net) $971,600 Liabilities: Current liabilities $140,000 Note payable, 6%, due in 15 years 694,000 Total liabilities $834,000 Stockholders' equity: Preferred $4 stock, $100 par (no change during year) $834,000 Common stock, $10 par (no change during year) 834,000 Retained earnings: Balance, beginning of year $890,000 Net income 386,000 $1,276,000 Preferred dividends $33,360 Common dividends 130,640 164,000 Balance, end of year 1,112,000 Total stockholders' equity $2,780,000 Sales $21,141,000 Interest expense $41,640 Assuming that total assets were $3,433,000 at the beginning of the current fiscal year, determine the following. When required, round to one decimal place.

Answers

Answer:

Ratio of fixed assets to long-term liabilities  = fixed assets / long term liabilities = $971,600 / $694,000 = 1.4

Ratio of liabilities to stockholders' equity = total liabilities / stockholders' equity = $834,000 / $2,780,000  = 0.3

Asset turnover = net sales / average total assets = $21,141,000 / [($3,614,000 + $3,433,000)/2] = 6  

Return on total assets = (net income + interest expense) / average total assets =  ($386,000 + $41,640) / [($3,614,000 + $3,433,000)/2] = 12.14%

Return on stockholders’ equity = net income / average stockholders' equity = $386,000 / [($2,780,000 + $2,558,000) = 14.46%

Return on common stockholders' equity = net income / average common stockholders' equity = $386,000 / [($1,946,000 + $1,724,000) = 21.04%

the construction of a 1000 suit luxury hotel requires the installation of 12 outlets and 6 light fictures per suit . The companys standard productivity for a two electrician crew is 20 minutes per light fixture and 30 minutes per outlet. Using eighteen crews working at a 0.8 efficiency factor and a 10hr work day with a half an hour lunch break , the duration of this construction activity (days,hours) is most nearly how much

Answers

Answer:

Hours = 8000

Days = 46.78

Explanation:

The duration of this construction activity can be calculated as follows

DATA

No. of suits = 1000

Outlets to be installed = 12/suit

Standard productivity for outlet = 30mins

Fixtures to be installed = 6/suit

Standard productivity light fixture = 20mins

Working hours per day = 10 hours - 0.5 lunch break

Working hours per day = 9.5 hours

No. of crews = 18

Solution

Total time to fix = No.of suits x no. of installations x Standard time

Total time to fix = (1000 x 12 x 30mins ) + ( 1000 x 6 x 20mins)

Total time to fix = 480000 mins

Total time to fix = 480000/60mins = 8000 hours

Duration in days = Total time / (hrs per day x mo. of crews)

Duration in days = 8000 hours / (9.5 x 18)

Duration in days = 8000/171

Duration in days = 46.78 days

In which of the following scenarios would enforcement of specific performance be appropriate? Multiple Choice Your bookstore agrees to order a textbook for you but breaches its contract with you by canceling the order the next day. You order 3 gallons of white ceiling paint from a local store, and the store breaches by not delivering or making available to you the 3 gallons. You own the pistol used by Hamilton and contract to buy the pistol used by Burr in the Hamilton-Burr duel to complete your set, but despite the contract the Burr pistol owner refuses to sell at the last minute. You order a current-model, name-brand television from a department store, and a few days later the store breaches by not ordering it from the manufacturer.

Answers

Answer:

Correct Answer:

2. You order 3 gallons of white ceiling paint from a local store, and the store breaches by not delivering or making available to you the 3 gallons.

3. You own the pistol used by Hamilton and contract to buy the pistol used by Burr in the Hamilton-Burr duel to complete your set, but despite the contract the Burr pistol owner refuses to sell at the last minute.

1.  Your bookstore agrees to order a textbook for you but breaches its contract with you by canceling the order the next day.

Explanation:

In enforcement of specific performance is applied in situations where there there is an established contract that has was not honored. This bridge of contract would then trigger performance enforcement.

In response to the new employee end-of-shift policy Brianna proposes that Ollie pay its employees on their breaks instead of making them clock out. Brianna is most likely utilize the ________ influence tactic

Answers

Answer: exchange

Explanation: Brianna is most likely to use the exchange influence tactic which is given as a tactic that suggests that making express or implied promises and trading favors. This is observed when she proposes that Ollie pay its employees on their breaks instead of making them clock out in response to the new employee end-of-shift policy. The tactics is especially useful for influencing peers and surbodinates.

If the current interest rate is 5% and your semi-annual coupon paying bond has a duration of 5.33 years, how much will the price of the bond change if the interest rate increases by 1 basis point?

Answers

Answer:

Percentage change in price = -5.33 * 0.00005

Explanation:

Percentage change in price = - modified duration * (Change in yield in BP/100)

Percentage change in price = -5.33 * ((0.01/2)/100)

Percentage change in price = -5.33 * (0.005/100)

Percentage change in price = -5.33 * 0.00005

Chester's balance sheet has $105,038,000 in equity. Further, the company is expecting net income of 3,000,000 next year, and also expecting to issue $4,000,000 in new stock. If there are no dividends paid what will beChester's book value?

Answers

Answer:

$112,038,000

Explanation:

The book value is computed as shown below:

= Equity balance + net income + issue of new stock

= $105,038,000 + $3,000,000 + $4,000,000

= $112,038,000

Exercise 10-2 Straight-Line: Amortization of bond discount LO P2 Tano issues bonds with a par value of $180,000 on January 1, 2017. The bonds' annual contract rate is 8%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 10%, and the bonds are sold for $170,862. 1. What is the amount of the discount on these bonds at issuance

Answers

Answer:

bonds' face value $180,000

coupon rate 8%, semiannual = 4%

maturity 3 years x 2 = 6 periods

market interest rate = 10% or 5% semiannual

the journal entry to record the issuance of the bonds:

January 1, 2017, bonds issued at a discount

Dr Cash 170,862

Dr Discount on bonds payable 9,138

    Cr Bonds payable 180,000

the amortization of the bond discount should be $9,138 / 6 = $1,523 on every coupon payment.

Journal entry to record payment of first coupon:

June 30, 2017, first coupon payment

Dr Interest expense 8,723

    Cr Cash 7,200

    Cr Discount on bonds payable 1,523

Wing CompanyCash- $234,000 Accounts payable- $97,000Inventories- $121,000 Notes payable (due 2020)- $211,000Land- $453,000 Accounts receivable- $46,000Refer to the information provided for Wing Company. Calculate current assets.a. $498,000b. $401,000c. $854,000d. $709,000

Answers

Answer:

b. $401,000

Explanation:

Currents assets refer to assets that are possible to be employed, exhausted, consumed, or sold withing a one year during the normal business activities of a company.

Current assets therefore include cash, cash equivalent and other assets that are expected to be changed to cash within one year.

From the question, we have;

Cash- $234,000

Accounts payable- $97,000

Inventories- $121,000

Notes payable (due 2020)- $211,000

Land- $453,000

Accounts receivable- $46,000

Therefore, current assets of Wing Company can be computed as follows:

Current assets = Cash + Inventories + Accounts receivable = $234,000 + $121,000 + $46,000 = $401,000

Therefore, the correct option is b. $401,000.

Charger Company's most recent balance sheet reports total assets of $28,413,000, total liabilities of $16,113,000 and total equity of $12,300,000. The debt to equity ratio for the period is (rounded to two decimals):

Answers

Answer:

Debt to equity ratio is 1.31

Explanation:

Given the above inflation, the formula for debt to equity ratio is

= Total debt / Total equity

= $16,113,000 / $12,300,000

= 1.31

Therefore, debt to equity ratio is 1.31

JG Asset Services is recommending that you invest $1,275 in a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will you have when the CD matures

Answers

Answer:

The amount that will be received when CD matures is $1514.30

Explanation:

To calculate the amount that will be received at the maturity of the CD, we simply need to calculate the future value of the invested amount using annual compounding. The formula for the future value that we will use is,

Future value = Present value * (1+r)^t

Where,

r is the rate of interestt is the time in years

Future value = 1275 * (1+0.035)^5

Future value = $1514.30

Last year Harrington Inc. had sales of $325,000 and a net income of $19,000, and its year-end assets were $250,000. The firm's total-debt-to-total-capital ratio was 15.0%. The firm finances using only debt and common equity and its total assets equal total invested capital. Based on the DuPont equation, what was the ROE

Answers

Answer:

8.94%

Explanation:

Firstly, we will need to find total equity and total debt of Harrington Inc inorder to apply the Dupont equation for getting ROE

Harrington's total debt = 15.00 % × $250,000

= $37,500

Harrington's total equity will be; applying accounting equation

Asset = Liabilities + Owner's equity

Owner's equity = Assets - Liabilities

= $250,000 - $37,500

= $212,500

Therefore, using the Dupont equation, we can calculate the ROE as;

(NI/Sales) × (Sales/Total assets) × (Total assets/Total common equity)

= 19,000/325,000 × 325,000 /250,000 × 250,000/212,500

= 8.94%

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