Answer and Explanation:
The computation of the unit cost of goods manufactured is shown below:
Particulars variable costing absorption costing
variable cost of $108 $108
goods manufactured ($1,620,000 ÷ 15,000)
Fixed manufacturing
cost $14
($210,000 ÷ 15,000)
unit cost of goods
manufactured $108 $122
A. A plan for mass casualty incidents should include protective actions to reduce vulnerabilities, response actions to minimize negative consequences, and post incident actions to promote community recovery. B. A partnership approach to planning for mass casualty incidents helps to ensure that the plans for your organization are compatible with those of the agencies that would respond if an incident occurred. C. When an organization is planning for mass casualty incidents, an effective approach is to request law enforcement personnel to develop a separate plan for mass casualty incidents for the organization. D. It is important to customize your emergency plan to reflect the risks, realities, and resources that characterize the local area and your own organization.
Answer: When an organization is planning for mass casualty incidents, an effective approach is to request law enforcement personnel to develop a separate plan for mass casualty incidents for the organization
Explanation:
A Mass Casualty Incident refers to an overwhelming event, which leads to more patients at a time than what the available resources can easily manage such that it requires additional assistance.
A plan for mass casualty incidents should include protective actions that will be used to reduce vulnerabilities, response actions to minimize negative consequences, and post incident actions to promote community recovery.
A partnership approach to planning for mass casualty incidents is important as it helps in ensuring that the plans for your organization are compatible with those of the agencies that would respond if an incident occurred.
It's also vital to customize your emergency plan to reflect the risks, realities, and resources that characterize the local area and your own organization.
The false statement is "When an organization is planning for mass casualty incidents, an effective approach is to request law enforcement personnel to develop a separate plan for mass casualty incidents for the organization". This isn't true.
If velocity is constant and, in addition, the factors of production and the production function determine real GDP, then: Group of answer choices nominal GDP is fixed. the price level is proportional to the money supply. real GDP is proportional to the money supply. the price level is fixed.
Answer:
the price level is proportional to the money supply.
Explanation:
Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.
The four factors of production are;
I. Land: this refers to the natural resources and raw materials extracted from the ground or grown in the soil e.g oil, gold, rubber, cocoa, etc.
II. Labor (working): this is the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.
III. Capital resources: it includes the physical assets used for production of goods and services such as equipment, money, plant, etc.
IV. Entrepreneurship: it is intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).
These four (4) factors of production when combined effectively and efficiently are used for the manufacturing or production of goods and services that meets the unending requirements or needs of the consumers.
In Economics, if velocity is constant and, in addition, the factors of production and the production function determine real gross domestic product (GDP), then the price level for goods and services is said to be directly proportional to the money supply in the economy.
An economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labour to produce its total output of 640 units. Each unit of capital costs $10, each unit of raw materials, $4, and each unit of labour, $3.
92) Refer to the above information. The per unit cost of production in this economy is:
A) $1.00.
B) $.10.
C) $.05.
D) $.50.
93) Refer to the above information. If the per unit price of raw materials rises from $4 to $8 and all else remains constant, the per unit cost of production will rise by about:
A) 50 percent.
B) 30 percent.
C) 40 percent.
D) 100 percent.
94) Refer to the above information. As a result of the change indicated in the previous question, the aggregate:
A) supply curve would shift to the right.
B) demand curve would shift to the right.
C) demand curve would shift to the left.
D) supply curve would shift to the left.
Answer:
A) The correct answer is B. The per unit cost of production in this economy is $0.10.
B) The correct answer is B. The per unit cost of production will rise by about 30 percent.
C) The correct answer is B. The demand curve would shift to the right.
Explanation:
Since an economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labor to produce its total output of 640 units, and each unit of capital costs $ 10, each unit of raw materials, $ 4, and each unit of labor, $ 3, to determine the per unit cost of production in this economy, the per unit cost of production if the per unit price of raw materials rises from $ 4 to $ 8 and all else remains constant, and to determine how the demand or aggregate supply curve will respond, the following calculations must be made:
A) 2 x 10 + 5 x 4 + 8 x 3 = 20 + 20 + 24 = 64
64 / 640 = 0.10
B) 2 x 10 + 5 x 8 + 8 x 3 = 20 + 40 + 24 = 84
64 = 100
84 = X
84 x 100 / 64 = X
8400 / 64 = X
131.25 = X
The relative price of good X is 5 units of good Y. It follows that the absolute price of good X can be ______________ and the absolute price of good Y can be ___________.
Answer:
$40,000 and $8,000
Explanation:
Relative price of good X is 5 units of good Y. The absolute value of good X is $40,000. Absolute value is the original value of a good while relative value is based on price of some identical or similar good. The absolute value of good Y is $8,000.
True or false: You have to pay to attend college?
Answer: Most of the time, yes.
Explanation: For most average college students you do have to pay, unless you receive a scholarship. But those are pretty hard to get so i recommend just robbing a bank (DONT ACTUALLY, VERY ILLEGAL)
Which of the following sales would be covered by Article 2 of the Uniform Commercial Code? Group of answer choices the sale of intangible goods the sale of tangible goods the sale of real estate the sale of stocks
Answer:
the sale of tangible goods
Explanation:
Article 2 is applied for the contract that made for selling the goods. the goods that are identifed at the time when the contract is created and could be moved. It mainly deals with the tangible things like computers, cars, pens, etc
The intellectual property and intangible should not be cover in this
Therefore the above should be considered
A perfectly competitive firm a. has a perfectly inelastic demand. b. has a perfectly elastic supply. c. Answers A and B are correct. d. Answers A and C are correct. e. sells a product that has perfect substitutes.
Answer:
b
e
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
Morgan Corporation purchased a depreciable asset for $600,000 on January 1, 2018. The estimated salvage value is $60,000, and the estimated useful life is 9 years. The straight-line method is used for depreciation. In 2021, Morgan changed its estimates to a total useful life of 5 years with a salvage value of $90,000. What is 2021 depreciation expense
Answer:
Annual depreciation= $165,000
Explanation:
First, we need to calculate the accumulated depreciation at the end of 2020:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (600,000 - 60,000) / 9
Annual depreciation= $60,000
Three full depreciable years have passed.
Accumulated depreciation= 60,000*3= $180,000
Now, the annual depreciation with the revised information:
Book value= 600,000 - 180,000= $420,000
The useful life remaining is two years.
Annual depreciation= (420,000 - 90,000) / 2
Annual depreciation= $165,000
In a(n) ________ organization, the decision-making authority is delegated as far down the chain of command as possible.
Answer:
decentralizated.
Explanation:
It is correct to say that in an organization with a decentralized structure, the decision-making process is delegated as far down the chain of command as possible, that is, the lower hierarchical levels also contribute to the company's decision-making process.
The advantages of a decentralized organization are that this structure allows for greater flexibility in processes, ensures faster decision-making, greater independence and autonomy in business areas, can bring greater innovation and faster solution to organizational challenges.
True or false: According to the equity theory, each worker develops a personal input-output ratio to compare his or her inputs with the inputs or rewards offered by the organization.
Answer:
true
Explanation:
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and ends at (240,250). There is a blue downward sloping line that starts at (70,250) and ends at (240,150).) What sales price should you select to meet the equilibrium price for the lawn mower?
Answer:
$190
Explanation:
The equilibrium price of the lawnmower can be deduced from the graph ; it is the point of intersection of the orange and blue line ; which is the intersection point if the supply and demand line. The price axis is located on the vertical y-axis. This intersection point when traced to the left of the graph gives the equilibrium price. Hence, the equilibrium price as obtained from the graph is about $190
Calculate the return on investment for an advertisement from the given data. Net sales is $1,000, and advertising cost is $50.
Answer:
2,000 %
Explanation:
Return on investment for an advertisement = Sales / Advertisement Cost x 100
therefore,
Return on investment for an advertisement = $1,000 / $50 x 100
= 2000 %
In analyzing the differences among Theories X, Y, and Z managers, it is appropriate to determine that Multiple Choice Theory Z managers believe that employees prefer to be directed. Theory Z managers understand that workers prefer to work by themselves, and will do their best work individually rather than with a team. Theory Z managers believe that getting employees more involved in work-related decisions will generally increase productivity. Theory Z managers believe that decision making is not part of an employee's responsibilities.
Answer:
Theory Z managers believe that getting employees more involved in work-related decisions will generally increase productivity.
Explanation:
In simple words, Theory Z can be understood as the management strategy that combines American as well as Japanese managerial concepts and is characterized by tight job stability, consensus policy making, delayed assessment and advancement processes, and personal responsibility inside a group setting, among other things.
Ted is a favorite among his subordinates, as he gets directly involved in the minute details of their work. He is task-oriented and has clear knowledge on critical operational details of his team. In this context, Ted can be considered a(n) _____ leader.
Answer:
ingratiating.
Explanation:
It is correct to say that Ted can be considered an ingratiating leader, which is a technique used to improve personal relationships through the use of sympathy, assistance, interest and collaboration, so that there is a positive influence on people and consequently greater individual willingness to respond to expectations of that person.
As the question explains, Ted has the sympathy of subordinates and is considered one of the favorite leaders because he gets involved in the work, understands the workers and helps with tasks, so he is a ingratiating leader.
In the above problem, the proposed new branch will _______ overall risk exposure and produce a(an) ______ effect. Fill in the appropriate answers. Group of answer choices increases; economies of scale increases; economies of scope reduces; convergence reduces; geographic diversification
Answer:
reduces; geographic diversification
Explanation:
In the above problem, the proposed new branch will economics reduces overall risk exposure and produce a geographic diversification effect.
A sales invoice included the following information: merchandise price, $9,900; terms 1/10, n/eom, FOB shipping point with prepaid freight of $1,100 added to the invoice. Assuming that a credit for merchandise returned of $900 (before discount) is granted prior to payment and the invoice is paid within the discount period, what amount of cash should be received by the seller
Answer: $10010
Explanation:
The amount of cash that should be received by the seller will be:
($9900 - $900) = $9000
$9000 × 1% = $90
$9000 - $90 = $8910
$8910 + $1100 = $10010
Therefore, the amount of cash should be received by the seller will be $10010.
Rosa is upset with D'Shaun because he keeps giving their teenage daughter more money than the family has budgeted. Rosa and D'Shaun discuss their daughter's need for more money and their need to stay on budget. The ultimately decide to increase their daughter's allowance to $20 and in exchange, have her babysit her younger brother instead of paying for a sitter. Everyone's needs are met. What type of Conflict Management is Rosa using
Answer:
collaborating
Explanation:
A mix of being cooperative and assertive that means those who want to do collaboration for attempting the work with other in identifyig the solution that satisfied fullly for each and everyone concern
Since rosa wants that everyone needs could be met out
So this represent the collaboration
The same should be relevant
Intermediaries in indirect channels of distribution: a. Often perform functions that producers cannot perform efficiently by themselves. b. Do not provide additional convenience to consumers c. Increase the need for producers to make large investments in distribution facilities and personnel. d. Make it necessary for producers to carry more inventories. e. None of these alternatives is correct
Answer:
A. Often perform functions that producers cannot perform efficiently by themselves.
Explanation
indirect distribution channel of distribution can be regarded as one that depends on intermediaries in order to carry out most or all of their functions of distribution , they are regarded as wholesaler. indirect distribution can also be explained as selling of wholesale producys to the agents/retailers in order for them to distribute the product so it can get to consumers. It should be that Intermediaries in indirect channels of distribution Often perform functions that producers cannot perform efficiently by themselves.
The government of Diamza recently passed a law making it mandatory for any foreign company that wants to do business in its country to only use raw materials made in Diamza and only hire citizens. This is a type of _____ faced by companies that want to conduct business in Diamza.
Answer:
Police uncertainty
Explanation:
In the case when the diamza government pased the law that the foreign company wants to do the business so here it only use the raw materials and only hire the citizens so it represent the uncertainty of the police that faced by the companies wanted to conducted the business
So the same should be considered and relevant
Which program provides lump-sum compensation and health benefits for eligible Department of Energy nuclear weapons workers injured on the job
Answer: Energy Employees Occupational Illness Compensation Program (EECICP)
Explanation:
Much like private companies, the Federal government is also required to insure its workers and this is regulated under the Office of Workers' Compensation Programs (OWCP). There are several compensation programs but the relevant one here is the EECICP.
The EECICP is for federal employees in the Department of Energy as well as agencies related to them. This also includes contractors and subcontractors. Under this program, eligible workers who got injured are entitled to a lump-sum compensation as well as health benefits. If the worker dies as a result of the injuries however, a lump-sum might go to their survivors instead.
Accounts receivable, equipment, the building itself, and the land on which the building stands are examples of:
Answer: Assets
Explanation:
Assets are something that a business owns that is able to bring in money or is a store of value.
All the above mentioned items are considered assets as they fit this description.
Accounts receivable is a current asset which means it has a duration of a period or less.
Equipment, building and land are all fixed assets as they have a duration of more than one period.
McKittridge Consulting pursues activities such as engaging in disciplined thinking, searching constantly for new knowledge, benchmarking, and sharing ideas throughout the organization via information systems. Which type of organization is McKittridge Consulting
Answer:
Learning organization
Explanation:
A learning organisation is defined as one that is focused on promotion creation, acquiring, and transfer of knowledge for the clients it serves and its members.
It also constantly transforms itself by improving on its processes.
McKittridge Consulting is a learning organisation because it pursues activities such as engaging in disciplined thinking, searching constantly for new knowledge, benchmarking, and sharing ideas throughout the organization via information systems.
Laws regulating conduct between private parties in matters like contracts, business, and domestic relations are called
Answer:
civil law
Explanation:
part of a country's set of laws which is concerned with the private affairs of citizens, for example marriage and property ownership, rather than with crime.
homeworklib The Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly. Data for the products and departments are listed below. Product Number of Units Labor Hours Per Unit Machine Hours Per Unit Blinks 964 3 5 Dinks 1,943 5 8 All of the machine hours take place in the Fabrication department, which has an estimated overhead of $103,800. All of the labor hours take place in the Assembly department, which has an estimated total overhead of $79,600. The Ramapo Company uses a single overhead rate to apply all overhead costs based on labor hours. What is the overhead cost per unit for Blinks
Answer:
Overhead per unit of Blinks= $43.65
Explanation:
Giving the following information:
Product Number of Units Labor Hours Per Unit
Blinks 964 3
Dinks 1,943 5
First, we need to calculate the total estimated overhead and the total number of labor hours:
Total estimated overhead= 103,800 + 79,600= $183,400
Total number of labor hours= (964*3) + (1,943*5)= 12,607
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 183,400 / 12,607
Predetermined manufacturing overhead rate= $14.55 per direct labor hour
Finally, we can allocate overhead to Blinks:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Blinks= 14.55*3= $43.65
Discuss whether a commercial bank should specialize or diversify in terms of the services it provides.
Answer:
The authors find that sector specialization has an overall positive effect on banks' performance. In contrast, Bebczuk and Galindo (2007) find for Argentina that banks with a diversified credit portfolio have fewer non-performing loans.
A concentrated portfolio with a high risk level results from concentrating on portfolio growth without adding additional asset classes.
What is a portfolio?A portfolio is a collection of financial assets, such as securities, bonds, commodities, cash, and cash equivalents, such as closed-end funds and exchange-traded funds (ETFs).
Most people think that a portfolio's core consists of equities, bonds, and cash. Although this is frequently the case, it need not be the exception. Various types of assets, such as private investments, real estate, and fine art, may be included in a portfolio.
The wisdom of diversification, which essentially means not putting all of your eggs in one basket, is one of the fundamental ideas in portfolio management.
By distributing investments among different financial instruments, industries, and other categories, diversification aims to lower risk. By making investments in many sectors that would all respond differently to the same occurrence, it seeks to optimize returns.
The strategy of a hybrid portfolio diversifies among asset classes. Investing in stocks, bonds, commodities, real estate, and even art are all necessary components of creating a hybrid portfolio.
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An organization that has direct two-way lines of responsibility, authority, and communication running from the top to the bottom of the organization, with all people reporting to only one supervisor is called a(n) ______ structure.
line
Explanation:
An organization that has direct two-way lines of responsibility, authority, and communication running from the top to the bottom of the organization, with all people reporting to only one supervisor is called a(n) line structure.
Line Organizational structure is the simplest organizational structure.
In this structure, the flow of the authority is from top to bottom. In this structure, supportive and specialized services do not exist. The department head has full control over their departments. Its main characteristic is the self-contained department structure.Line officers can take independent decisions due to the unified structure. Effective communication is the main characteristic of this structure and it makes the organization stable.So, Line structure is the correct answer
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the demand for professional education is increasing this day. put your argument to support the statement
Explanation:
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Required Journal entry
Paid salary and wages Rs 55,000
PLEASE HELP
Answer:
Date Account Title Debit Credit
XX-XX-XX Salary and Wages expense Rs. 55,000
Cash Rs. 55,000
The Salaries and Wages expense account will be debited to show that this expense was incurred as expenses have a debit balance,
Cash was used to pay for the salaries and wages so it will be credited because Assets are credited when they reduce.
An investor who commits a sizable portion of her portfolio to long-term AAA-rated bonds would be exposing herself to
Answer: uncertainty about the ability of the issuer to make timely payments of interest and principal
Explanation:
AAA refers to the highest possible rating which can be assigned to the bond of an issuer by the main credit rating agencies. It should be noted that AAA bonds possesses a high degree of creditworthiness.
An investor who commits a sizable portion of her portfolio to long-term AAA-rated bonds would be exposing herself to uncertainty about the ability of the issuer to make timely payments of interest and principal.
A firm has a fixed production cost of $ and a constant marginal cost of production of $ per unit produced. What is the firm's total cost function? A. TC. B. TC(q). Your answer is correct.C. TCq. D. TC . The firm's average total cost (ATC) of production is
Answer:
a) We have:
The firms total cost function: TC = 5,000 + 500Q
Average cost: ATC = (5,000 / Q) + 500
b)The firm would choose to be very large if it wanted to minimize the average total cost.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
A firm has a fixed production cost of 5,000 and a constant marginal cost of production of 500 per unit produced.
a) What is the firms total cost function? Average total cost?
b) If the firm wanted to minimize the average total cost, would it choose to be very large or very small? Explain.
The explanation of the answer is now provided as follows:
a) What is the firms total cost function? Average total cost?
Let Q represents quantity of output produced by the firm.
Since the marginal cost of production is constant, this implies:
VC = Variable cost = 500 * Q = 500Q
Also, we have:
FC = Fixed production cost = 5,000
Since TC = FC + VC, the total cost function (TC) can then be obtained as follows:
TC = 5,000 + 500Q
Since ATC = TC / Q, the average cost (ATC), can also be obtained as follows:
ATC = (5,000 / Q) + (50Q/Q)
ATC = (5,000 / Q) + 500
Therefore, we have:
The firms total cost function: TC = 5,000 + 500Q
Average cost: ATC = (5,000 / Q) + 500
b) If the firm wanted to minimize the average total cost, would it choose to be very large or very small? Explain.
The firm would choose to be very large if it wanted to minimize the average total cost.
Because fixed expenses dominate total costs at low levels of output, average total cost starts out high. In terms of Mathematics, the denominator is so tiny that average total cost is huge. As fixed costs are spread over a larger quantity of output, the average total cost decreases. Therefore, the firm would choose to be very large if it wanted to minimize the average total cost.
