Answer:
Break-even point in composite units = 811 units
Explanation:
Number of modal;
5 Youth models
9 Adult models
6 Recreational models
Annual fixed costs total = $6,550,000
Find:
Break-even point in composite units
Computation:
Mixed contribution margin = 5[130] + 9[475] + 6[525]
Mixed contribution margin = 650 + 4275 + 3150
Mixed contribution margin = $8075
Break-even point in composite units = Annual fixed costs total / Mixed contribution margin
Break-even point in composite units = 6,550,000 / 8075
Break-even point in composite units = 811 units
Borland, Inc. issues 25-year semi-annual bonds that have a face value of $1,000 and a coupon rate of 7.5%. The current market price for the bonds is $950.00. If your required rate of return is 8.5%, what is the value of one of these bonds to you
Answer: $897.03
Explanation:
You can use Excel to calculate this.
The bond is a semi-annual bond so you need to adjust the variable for this first.
Number of periods = 25 * 2 = 50 semi-annual periods
Coupon = 7.5% * 1,000 * 0.5 semi-annual adjustment = $37.50
Yield = 8.5% / 2 = 4.25%
Value to you = $897.03
The following data relate to direct labor costs for August: actual costs for 5,500 hours at $24.00 per hour and standard costs for 5,000 hours at $23.70 per hour. The direct labor rate variance is a.$1,500 unfavorable b.$1,500 favorable c.$1,650 unfavorable d.$1,650 favorable
Answer: c. $1,650 unfavorable
Explanation:
The direct labor rate variance shows the difference between the cost of direct labor that the company thought it would incur vs what it actually incurs for the period.
Formula is:
Direct labor rate variance = Actual cost of direct labor - Standard cost of actual hours of direct labor
= Actual hours * (Actual cost - Standard cost)
= 5,500 * (24 - 23.70)
= $1,650 unfavorable
Unfavorable because the actual cost incurred was more than the cost anticipated.
A stock has a beta of 1.45, the expected return on the market is 19 percent, and the risk-free rate is 5.00 percent. What must the expected return on this stock be? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
Answer: 25.30%
Explanation:
This can be calculated by the Capital Asset Pricing Model (CAPM):
= Risk free rate + Beta * (Market return - Risk free rate)
= 5% + 1.45 * (19% - 5%)
= 5% + 20.3
= 25.30%
If the U.S. economy is producing at a level that is substantially less than potential GDP and the government's budget deficits are increasing aggregate demand, then ____________________________ is not much of a danger.
Answer:
an inflationary increase in the price level.
Explanation:
Monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country.
In order to boost economic growth, a monetary policy is implemented to increase money supply (liquidity). Also, it is used to prevent inflation by reducing money supply.
An inflationary gap, also referred to as an expansionary gap in economics, is typically used for measuring the difference between the gross domestic product (GDP) and the current level of Real Gross Domestic Products that exists when a country's economy is gauged at a full employment rate. Consequently, this situation causes the price of goods and services to go up with a low income level among the people living in the country.
A budget deficit is the amount by which spending exceeds income.
All other factors held constant or all things being equal (ceteris paribus), an increase in government's budget deficit drives the interest rate up.
Generally, when there's a deficit in government budget, they resort to issuing more bonds or borrowing money from creditors. These creditors are likely to be sceptical about the government's ability to repay the debt and as such would increase the interest rate.
Hence, an inflationary increase in the price level of goods and services is not much of a danger if the U.S. economy is producing at a level that is substantially less than potential gross domestic product (GDP) and the aggregate demand is being increased by government's budget deficits.
A firm is making an economic loss of $100,000. This means that: multiple choice 1 the firm should immediately exit the industry. the firm's revenues are less than its opportunity costs. the firm is not making an accounting profit. the firm could increase economic profit if its resources were used in a different way. If a firm is making an economic profit of zero: multiple choice 2 it will have unhappy stockholders. it is not making an accounting profit. the firm should change to a different line of business. it cannot make a higher economic profit by changing how it is using its resources.
A firm is making an economic loss of $100,000. This means that:
Choice 1 -
The firm could increase economic profit if its resources were used in a different way.
If a firm is making an economic profit of zero:
Choice 2 -
It cannot make a higher economic profit by changing how it is using its resources.
What Is Economic Profit (or Loss)?An economic profit or loss is the difference between the revenue received from the sale of an output and the costs of all inputs used, as well as any opportunity costs. In calculating economic profit, opportunity costs and explicit costs are deducted from revenues earned.Opportunity costs are a type of implicit cost determined by management and will vary based on different scenarios and perspectives.The calculation for economic profit --Economic profit = revenues - explicit costs - opportunity costsLearn more about Economic Profit (or Loss) on:
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(b). Cassava is the main commodity in the economy of Dumpusi. Given the hardship in the intervention, the number of cassava producers also increased in the community. In a class discussion, your Economics Lecturer said these two events would result in an increase in With the aid of a diagram, explain the possible effects of the two events on equilibrium price equilibrium price of cassava. Mary, your classmate, argues that the price will rather decrease. and quantity, assuming the salary increase has a greater impact and cassava is a normal good.
Answer:
prices decrease actually
Explanation:
with that much of cassava producers the market of the product just loses its value as it is that common that the only way to making money would be to say something about based on the communities beliefs to raise attention like "Buy some cassava to make the gods happy" something most common in African society
Groupon offers online coupons for bargains at local shops and restaurants. Which of the following is a reason that rivals are limiting its growth?
a. Not many firms possess the same capability
b. Its core capability is easily imitated
c. Its core capability is not easily imitated.
d. There are few equivalent capabilities.
Answer:
b. Its core capability is easily imitated
Explanation:
In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.
In this scenario, Groupon offers online coupons for bargains at local shops and restaurants. A reason that rivals are limiting its growth is simply because its core capability is easily imitated i.e offering of coupons for bargains.
Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.
The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.
WHAT ARE THE NEW LINKEDIN LIMITS?
Answer:
100 invites per week.
The new invite limits have been introduced by LinkedIn according to which you can’t send more than 100 invites per week. When you have reached the limit, a notification will pop up saying you’ve reached weekly limits.
You can’t do anything about it until the new week starts and the weekly limit resets.
The debits to Work in ProcessâAssembly Department for April, together with data concerning production, are as follows: April 1, work in process: Materials cost, 3,000 units $ 7,441 Conversion costs, 3,000 units, 40% completed 5,477 Materials added during April, 10,000 units 27,805 Conversion costs during April 32,363 Goods finished during April, 12,000 units 0 April 30 work in process, 1,000 units, 40% completed 0 All direct materials are added at the beginning of the process, and the first-in, first-out method is used to cost inventories. The conversion cost per equivalent unit for April is
a.$2.81
b.$2.49
c.$2.89
d.$3.24
Answer: c. $2.89 per unit
Explanation:
Using the First-In, First-Out method, we need to find the equivalent units first:
= Equivalent opening units + Units started and completed + Equivalent ending units
= (Opening units left to be completed) + (Units completed - opening units) + (proportion of closing units completed with respect to conversion)
= (3,000 * (1 - 40%)) + (12,000 - 3,000) + (1,000 * 40%)
= 11,200 units
Conversion costs = 32,363
Conversion cost per units:
= 32,363 / 11,200 units
= $2.89 per unit
Summarize the Product Development Process
If people refused to use banks to create checkable deposits, the banking system would:__________
a) be able to expand the money supply by more than the money multiplier indicates.
b) not be affected in the money creating process.
c) not be able to create new money.
d) not have a way to loan out excess reserves.
Answer:
The banking system would definitely not be able to to create new money.
The banking system could not print fresh money if individuals refused to use banks to make checkable deposits. As a result, choice (C) is the best way to respond.
What is checkable deposits?Any demand deposit account that permits the writing of checks or drafts of any sort is referred to technically as having checkable deposits. An account with a demand deposit allows the owner to take money out immediately and without warning.
A negotiable order of withdrawal (NOW) or Super NOW account are examples of a negotiable draft that falls under this category. (Withdrawing money from NOW accounts may need a seven-day written notice; however, this is rarely necessary.)
With a checkable deposit account, the consumer has constant access to cash. There may be a monthly withdrawal restriction on some checkable deposit account types, such as money market accounts.
Hence, option (C) is accurate.
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After examining the records of Theta Company for the month of October, the following information is obtained: Beginning cash balance $2,700 Cash receipts 56,000 Cash payments 36,000 Minimum cash balance 1,000 Loan repayments 10,000 Based on the given information, calculate Theta's cash surplus (deficiency) for the month of October.
Answer:
the surplus of the cash is $21,000
Explanation:
The computation of the cash surplus (deficiency) for the month of October is given below:
Cash surplus is
= opening balance + cash receipt - cash payment - minimum cash balance
= $2,700 + $56,000 - $36,000 - $1,000
= $21,000
hence, the surplus of the cash is $21,000
3. Explain how the employees of an American organization and Bangladeshi organization will be culturally different in terms of power distance, uncertainty avoidance, and masculinity-femininity inde
Answer:
Explanation:
POWER DISTANCE : This dimension deals with the fact that all individuals in societies are not equal – it expresses the attitude of the culture towards these inequalities amongst us. Power Distance is defined as the extent to which the less powerful members of institutions and organisations within a country expect and accept that power is distributed unequally.
Bangladesh scores high on this dimension (score of 80) which means that people accept a hierarchical order in which everybody has a place and which needs no further justification. Hierarchy in an organization is seen as reflecting inherent inequalities, centralization is popular, subordinates expect to be told what to do and the ideal boss is a benevolent autocrat MASCULINITY : A high score (Masculine) on this dimension indicates that the society will be driven by competition, achievement and success, with success being defined by the winner / best in field – a value system that starts in school and continues throughout organisational life.
A low score (Feminine) on the dimension means that the dominant values in society are caring for others and quality of life. A Feminine society is one where quality of life is the sign of success and standing out from the crowd is not admirable. The fundamental issue here is what motivates people, wanting to be the best (Masculine) or liking what you do (Feminine).
Bangladesh scores 55 on this dimension and can be considered a a Masculine society. In Masculine countries people “live in order to work”, managers are expected to be decisive and assertive, the emphasis is on equity, competition and performance and conflicts are resolved by fighting them out. UNCERTAINTY AVOIDANCE : The dimension Uncertainty Avoidance has to do with the way that a society deals with the fact that the future can never be known: should we try to control the future or just let it happen? This ambiguity brings with it anxiety and different cultures have learnt to deal with this anxiety in different ways. The extent to which the members of a culture feel threatened by ambiguous or unknown situations and have created beliefs and institutions that try to avoid these is reflected in the score on Uncertainty Avoidance.
Bangladesh scores 60 on this dimension and thus has an high score. Countries exhibiting high Uncertainty Avoidance maintain rigid codes of belief and behaviour and are intolerant of unorthodox behaviour and ideas. In these cultures there is an emotional need for rules (even if the rules never seem to work) time is money, people have an inner urge to be busy and work hard, precision and punctuality are the norm, innovation may be resisted, security is an important element in individual motivation.
What is the loan amount if the interest rate is 7.5% per year and the monthly interest payment is $1,250?
Answer:
The amount of the loan was $ 13,953.48.
Explanation:
To determine what is the loan amount if the interest rate is 7.5% per year and the monthly interest payment is $ 1,250, the following calculation must be performed:
1250 x 12 = 15,000
1,075X = 15,000
X = 15,000 / 1,075
X = 13,953.48
Therefore, the amount of the loan was $ 13,953.48.
Test the following sentences to see if headwords and verbs agree:
a. The statement on the income tax form about deduction for children and other dependents were simply unreadable.
b. The type of career that many graduates are hoping to pursue pay high salaries and provide long vacations.
c. Apparently, the use of robots in factories have been responsible for a great deal of worker dissatisfaction.
d. The problems associated with government deregulation have been responsible for the economic plight of several major airlines in recent years.
e. The impact of computers on our lives is comparable to the impact of the industrial revolution.
f. The amount of money and time I spend on computer games is more that I can afford.
Answer:
a). The statement on the income tax form about the deduction for children and other dependents was simply unreadable.
b). The type of career that many graduates are hoping to pursue pay high salaries and provide long vacations.
c). Apparently, the use of robots in factories has been responsible for a great deal of worker dissatisfaction.
d). The problems associated with government deregulation have been responsible for the economic plight of several major airlines in recent years.
e). The impact of computers on our lives is comparable to the impact of the industrial revolution.
f). The amount of money and time I spend on computer games is more than I can afford.
Explanation:
Subject-verb agreement is described as the grammatical rule according to which the subject, as well as, the verb must agree with one another in number. As per the rules, if the subject(noun or noun phrase) is singular, it will take a singular verb while if the subject is plural(noun or noun phrase), it will carry a plural verb.
According to this rule, the first and third sentence fails to follow this agreement. The first sentence inadequately carries a plural verb 'were' with the singular noun ('The statement') and similarly, the third sentence wrongly employs plural verb 'have' with the singular noun 'the use.' The other sentences are grammatically appropriate as the verbs and noun phrases agree in number.
Which of the following statements about the monetary aggregates is true?
a. The growth rates of M1 and M2 always track each other closely.
b. M1 is greater than M2.
c. When the growth rate of M2 increases, the growth rate of M1 must also increase.
d. When you transfer funds from your savings account to your checking account, M1 increases and M2 stays the same.
Given that, in billions of U.S. dollars, we have in currency, in demand deposits, in traveler's checks, in savings deposits, and in other checkable deposits. The total M1 amount in this economy is $__________
Answer: D. When you transfer funds from your savings account to your checking account, M1 increases and M2 stays the same.
Explanation:
1. Since M2 = M1 + Saving deposit + Time deposits + Money Market deposit of individuals, then from the options given, the true statement about the monetary aggregate is that when you transfer funds from your savings account to your checking account, M1 increases and M2 stays the same. Therefore, the fire option is D.
2. Your second question isn't well written but let's assume some figures in order to solve the question.
Let's say,
Currency = $863.2 billion
Demand deposit = $573.5 billion
Traveler's cheque = $3.8 billion
Savings deposit = $5237.8
Other checkable deposit = $319
Therefore, the total M1 amount in this economy will be:
M1 = Currency + Demand deposit + Travelers check + Other checkable deposits
= 863.2 + 573.5 + 3.8 + 319
= $1759.5 billion
Classical economists believed that: _________
a) budget deficits and surpluses were necessary for the control of economic fluctuations.
b) market economies are inherently unstable because of fluctuating aggregate demand.
c) market economies suffer prolonged periods of recessions and depressions.
d) price flexibility automatically directs market economies to full employment
Answer:
the answer is D
Explanation:
Job enlargement tends to deter an employee's development because:_________
a. it is so time-consuming.
b. means adding new challenges and responsibilities to an employee's current job.
c. means moving the position up the organizational hierarchy.
d. refers to hiring more people for the same job category.
Answer:
b. means adding new challenges and responsibilities to an employee's current job.
Explanation:
Job enlargement refers to rise in the scope of the job via extending the range with respective to the duties and responsibilities of the job normally at the similar level. It means it added the different kind of activities at the similar level and the same is to be added in the existing job
So here the fear in the employee development is that they need to add the new challenges and responsibilities
Therefore the option b is correct
Glaston Company manufactures a single product using a JIT inventory system. The production budget indicates that the number of units expected to be produced are 195,000 in October, 203,500 in November, and 200,000 in December. Glaston assigns variable overhead at a rate of $0.70 per unit of production. Fixed overhead equals $152,000 per month. Compute the total budgeted overhead for October.
Answer:
the budgeted overhead for October is $288,500
Explanation:
The computation of the budgeted overhead for October is given below:
The budgeted overhead is
= fixed overhead + variable overhead
= $152,000 + 195,000 units × $0.70
= $152,000 + $136,500
= $288,500
Hence, the budgeted overhead for October is $288,500
Therefore the same is to be considered
Marginal revenue product can be calculated using the formula marginal product × output price Group of answer choices only if the marginal product of labor is constant. only if output price is constant. only if the both marginal product of labor and the output price are constant. only if the firm has market power in the labor market
Answer:
only if output price is constant.
Explanation:
Marginal revenue can be defined as the amount of money (revenue) generated from the sales of an additional unit of a product.
Marginal revenue product can be calculated using the formula; (marginal product × output price), only if output price is constant i.e the amount of money charged by a seller remains the same.
The cost object in a job order system is the ______ and the cost object in a process costing system is the ______.
a. process; specific job
b. specific job; process
c. process; department
d. department; process
Answer:
B. Hope it helps:)
Explanation:
Answer: C. Process;Department
Explanation: the cost object in a job order system is the specific job and the cost object in a process costing system is the process.
If the cost of the beginning work in process inventory is $85,000, costs of goods manufactured is $960,000, direct materials cost is $344,000, direct labor cost is $224,000, and overhead cost is $329,000, calculate the ending work in process inventory.
Answer:
$22,000
Explanation:
Costs of goods manufactured = Opening Work in Process + Manufacturing Costs Incurred during the Period - Ending Work in Process
thus,
Ending Work in Process = Opening Work in Process + Manufacturing Costs Incurred during the Period - Costs of goods manufactured
therefore,
Ending Work in Process = $85,000 + ( $344,000+ $224,000+ $329,000) - $960,000
= $22,000
Please describe an effective leadership style
Business leaders can improve employee engagement and satisfaction, stimulate creativity and productivity, and ultimately accomplish the aims and objectives of the organization by using a transformational leadership style.
What is transformational leadership style?A leadership style known as transformational leadership focuses on inspiring and encouraging followers to produce amazing achievements that go above and beyond what they had anticipated. By establishing a vision and uniting people around it, it is a leadership strategy that aims to transform both people and organizations. The skill of inspiring and motivating others to accomplish at their highest level and realize their full potential is a trait of transformational leaders.
Transformational leaders are able to express their compelling future vision in a way that inspires and motivates others. They are endowed with charisma and the capacity to enthrall and sway their audience.
Setting high standards and pushing their followers to go beyond their own boundaries are two ways that transformational leaders inspire and encourage their followers.
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The complete question is:
Please describe an effective leadership style in a business
Nissan has flexible agreements with its suppliers and transporters to accommodate unexpected surges in demand without disruptions in service or in customer satisfaction. This is an example of the _______ process.
Answer:
This question is incomplete, the options are missing. The options are the following:
a) Product development and commeercialization.
b) Supplier-relationship management.
c) manufacturing flow management.
d) Returns management.
The correct answer is the option B: Supplier-relationship management.
Explanation:
To begin with, in the business management field the concept known as "Supplier-relationship management" refers to the system used by the managers of a company with the purpose of improving the relationships specifically with the suppliers of it, therefore that it seeks for the better arrengements with them and how to develop better strategic ways of improving both parties benefits in their contracts. That is why that the SRM is focus on maximizing the value of the interactions between the company and its suppliers so therefore that the case presented by Nissan is related to the process of using an excellent SRM.
Kluber, Inc. had net income of $911,000 based on variable costing. Beginning and ending inventories were 56,100 units and 54,200 units, respectively. Assume the fixed overhead per unit was $1.80 for both the beginning and ending inventory. What is net income under absorption costing?
a. $811,730
b. $904,160
c. $1,010,270
d. $907,580
e. $911,000
Answer:
Net operating income (absorption)= $907,580
Explanation:
Giving the following information:
Fixed overhead per unit= $1.80
Net income= $911,000 (variable costing)
Beginning inventory= 56,100 units
Ending inventory= 54,200 units
Under absorption costing, fixed manufacturing overhead is a product cost. We need to incorporate into the cost of goods sold the fixed overhead from beginning inventory and deduct the fixed overhead allocated into ending inventory.
Net operating income= 911,000
Less:
Fixed overhead beginning inventory= (1.8*56,100)
Add:
Fixed overhead ending inventory= (1.8*54,200)
Net operating income (absorption)= $907,580
Under IFRS, when a lessee recognizes a balance sheet asset and liability for a new lease: the asset and liability are equal. the asset is typically greater than the liability. the liability is typically greater than the asset.
Answer:
the asset and liability are equal.
Explanation:
IFRS 16 lease and IAS 17 deals in important changes where the lease transactions are reported in the lessee financial statement
In this the assets and liabilities that are occured from the lease should be initially determined on the present value basis
Also the assets and liability are equivalent to each other
Therefore the first option is correct
Please calculate GDP using the following information: Government purchases - $200 billion Depreciation - $60 billion Investment - $80 billion Consumption - $600 billion Exports - $100 billion Imports - $120 billion Income receipts from the rest of the world - $10 billion Income payments to the rest of the world - $8 billion
Answer:
The GDP is $860 billion.
Explanation:
The gross domestic product (GDP) can be calculated using the expenditure approach formula as follows:
Y = C + I + G + (X - M) ....................................... (1)
Where:
Y = GDP = ?
C = Consumption = $600 billion
I = Investment - $80 billion
G = Government purchases = $200 billion
X = Exports = $100 billion
M = Imports = $120 billion
Substituting the values into equation (1), we have:
Y = $600 + $80 + $200 + ($100 - $120) = $860 billion
Therefore, the GDP is $860 billion.
Edelman Engineering is considering including two pieces of equipment, a truck and an overhead pulley system, in this year's capital budget. The projects are independent. The cash outlay for the truck is $19,000 and that for the pulley system is $20,000. The firm's cost of capital is 12%. After-tax cash flows, including depreciation, are as follows:
Year Truck Pulley
1 $5,100 $7,500
2 5,100 7,500
3 5,100 7,500
4 5,100 7,500
5 5,100 7,500
Required:
a. Calculate the IRR for each project.
b. What is the correct accept/reject decision for this project?
c. Calculate the NPV for each project. Round your answers to the nearest dollar, if necessary.
d. What is the correct accept/reject decision for this project?
Answer:
Find attached excel file
Explanation:
The internal rate of return is the discount rate at which the present value of future cash flows is the same as the initial investment outlay, which can be determined using excel the IRR function shown below:
=IRR(values)
values are the cash flows from initial investment outlay up until the cash inflow in year 5.
The net present value is the present value of future cash flows discounted at the firm's cost of capital minus the initial investment outlay
If the central bank did not follow the Taylor principle, an increase in inflation would lead to a decrease in ________.
A) the nominal interest
B) the real interest rate
C) aggregate output
D) all of the above
Answer:
B) the real interest rate
Medici and Athena are companies that manufacture medical equipment. The two companies have partnered for a unique project to create a specialized X-ray machine with the latest and the most expensive technology available. Medici and Athena will share their knowledge and resources as well as ownership and risk in the investment. However, each company will retain its own business identity. Which of the following business forms have Medici and Athena adopted for the project?
a. A merger
b. A joint venture
c. Piggybacking
d. A licensing agreement
Answer:
a joint venture
Explanation:
"a commercial enterprise undertaken jointly by two or more parties which otherwise retain their distinct identities."
A joint venture, of the following business forms have Medici and Athena adopted for the project. Thus, option (b) is correct.
What is business?
The term “business” refers to earning a profit. The business is taking the risk and earning the profit. The business is mainly focused on the activities of the creation, distribution, and selling of concepts. The businesses are interested in the investment as a future perspective.
A commercial operation done jointly by two or more people who otherwise retain their unique identities. Medici and Athena were joint venture enterprises that produced medical equipment. The Medici and Athena would share their resources and knowledge as well as participation and risk in the investment, in the business.
As a result, the joint venture, of the following business forms have Medici and Athena adopted for the project. Therefore, option (b) is correct.
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