The three conditions that characterize difficult managerial decisions concerning resources, capabilities, and core competencies are

Answers

Answer 1

Answer:

uncertainty, complexity, and intra-organizational conflicts.

Explanation:

Managerial decisions define that any decision that can be taken for the benefit of the organization also these types of decision set targets for the income of the company moreover it decides what type of product should be sell and the hiring of employees who should be into the organization or who should not be in the organization etc.

According to the given situation, Management decisions on capital, expertise, and core competencies are disputes of uncertainty, complexity, and intra-organizational existence.


Related Questions

When comparing investment opportunities with approximately the same cost and risk level, choose the investment with the:

Answers

Answer: highest positive net present value

Explanation:

Net present value is typically used by organizations in order to know the projects that will bring more profit to an organization.

Therefore, when comparing investment opportunities with approximately the same cost and risk level, choose the investment with the highest positive net present value.

Mr. Green contracts with Mr. Brown to repair his roof. Mr. Brown is about 75% done when the deadline of the contract occurs. Which legal standard would prevent Mr. Brown from being considered to be in breach of his agreement with Mr. Green?

Answers

Answer:

Substantial performance standard

Explanation:

Substantial performance standard refers to the legal standard in which the good and faith attempt is made so that the requirements of the contract or agreement could be performed

even if is not meet the requirements so we assume that the performance should be completed if its main motive is fulfilled

Therefore in the given case, the substantial performance standard is the correct option that fits to the situation

2. Skip and Peggy are brother and sister and they fight about everything. Skip says that perfectly competitive firms maximize profit where marginal revenue equals marginal cost. Peggy says perfectly competitive firms maximize profit where price equals marginal cost. Settle this sibling rivalry once and for all.

Answers

Answer: They are both right.

Explanation:

Firms in every market will always maximise profit where their Marginal Revenue equals Marginal Cost because at this point, resources are being fully utilized. This is therefore no different in a Perfectly competitive market so Skip is correct.

Peggy is also correct however because in a Perfectly Competitive market, the demand curve is perfectly elastic. This creates a situation where the Price, Marginal Revenue and Average Revenue are all the same and represent the demand curve as well.

With the Price being the same as the Marginal Revenue in a Perfectly competitive firm, that means that where the Price equals Marginal Cost is where the Marginal Revenue equals Marginal Cost as well so indeed perfectly competitive firms maximize profit where price equals marginal cost.

The Sprint vs. Verizon ads that compare the features and pricing of the two networks are examples of competitive advertising. True False

Answers

Answer:

True

Explanation:

They are trying to win over customers by comparing each others features in a competition

Competitive advertising is demonstrated by the Sprint vs. Verizon adverts, which compare the functionality and pricing of the two networks. So, it is a true statement.

What is competitive advertising?

Competitive advertising is the act of showcasing or promoting one's product in comparison to the product of another company.

This form of marketing can be used to target customers who are devoted to the other brand, prompting them to reassess their purchasing patterns.

The three types of competitive advertising are:

ComparativeReminderReinforcement

For more information about competitive advertising, refer below

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Badger Corporation declared a stock distribution to all shareholders of record on March 25 of this year. Shareholders will receive one share of Badger stock for each 10 shares of stock they already own. Madison Cheesehead owns 1,000 shares of Badger stock with a tax basis of $100 per share. The fair market value of the Badger stock was $110 per share on March 25 of this year.Required:a. What amount of taxable dividend income, if any, does Madison recognize in 2009? b. What is Madison's income tax basis in her new and existing stock in Badger Corporation, assuming the distribution is non-taxable? c. How would you answer questions a and b if Madison was offered the choice between 1 share of stock in Badger for each 10 shares she owned or $100 cash for each 10 shares she owned in Badger?

Answers

Answer:

a. What amount of taxable dividend income, if any, does Madison recognize in 2009?

Madison doesn't have to recognize any income because she is not getting any. Only after Madison decides to sell his stocks will he recognize any taxable income if she makes a gain.

b. What is Madison's income tax basis in her new and existing stock in Badger Corporation, assuming the distribution is non-taxable?

Madison current basis is $100 per stock, and after the stock dividend it will be $100 / 1.1 = $90.91 per stock

c. How would you answer questions a and b if Madison was offered the choice between 1 share of stock in Badger for each 10 shares she owned or $100 cash for each 10 shares she owned in Badger?

then the cash dividend would be $10 per stock, which results in $10 x 1,000 = $10,000 taxable income. Her basis in the stock will remain not change.

The offer curve describes Group of answer choices different wage offers a firm will make to workers of different education levels. different wage-and-risk level offers made by different firms. different wage-and-risk levels available to one firm. different risk levels associated with the same wage level.

Answers

Answer: different wage-and-risk level offers made by different firms.

Explanation:

The offer curve show the different wage-and-risk level offers made by different firms.

When firms make different wages and risk level offers, the offer curve can be used to show the comparison and relationship between the offers by the firms that are involved.

The practice of changing prices for products in real time in response to supply and demand conditions is referred to as

Answers

Answer:

Dynamic pricing

Explanation:

In simple words, Dynamic pricing, often alluded to as rising rates, vibrant pricing as well as period-based pricing, relates to the pricing technique under which companies set variable prices for goods or commodities on the basis of existing consumer demands. A main benefit of competitive pricing seems to be the opportunity to increase the income with each consumer.

3. Suppose Tyrone wants to open a savings account that earns 3.5% simple interest per year. He wants it to be worth $1500 in 4 years. How much does he need to deposit in the account today to make that happen? Round to the nearest whole dollar.

Answers

Answer:

$1,307

Explanation:

The computation of the future value by using the following formula is shown below:

As we know that

Future value = Present value × (1 + interest rate)^number of years  

$1,500 = Present value × (1 + 0.035)^4

So, the present value is

= $1,500 ÷ (1.035)^4

= $1,307

Hence, the present value is $1,307 and the same is to be considered

In the BCG Growth Share Matrix, the suggested strategy for Stars is to ________.


A. milk them to finance other businesses

B. invest large sums to gain a good market share

C. maintain position and after the market growth slows use the business to provide cash flow

D. not invest in them and to shift cash flow to other businesses

Answers

Answer:

C. maintain position and after the market growth slows use the business to provide cash flow

Explanation:

Stars in the BCG Growth Share Matrix refer to the goods that have a big market share and bring more revenue to the company but they also require to invest a lot of money. Because of that, companies try to keep their place as long as possible but when the market slows down, they take the cash flow from the product to increase their profits. According to that, the answer is that in the BCG Growth Share Matrix, the suggested strategy for Stars is to maintain position and after the market growth slows use the business to provide cash flow.

The other options are not right because milk them to finance other businesses and not invest in them and to shift cash flow to other businesses is not a suggested strategy for starts because they can provide a lot of money. Also, invest large sums to gain a good market share is not right as stars are not always able to generate a positive cash flow and you can end up losing a big amount of money.

Presented below are selected transactions at Windsor, Inc. for 2019. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2009. The machine cost $60,600 on that date. It had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2016. The computer cost $40,200. It had a useful life of 5 years with no salvage value. The computer was sold for $13,800. Dec. 31 Discarded a delivery truck that was purchased on January 1, 2015. The truck cost $41,160. It was depreciated based on a 6-year useful life with a $3,000 salvage value. Required:Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of. Windsor, Inc. uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2018.)

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Answer:

All journal entries are given below

Explanation:

A. Retired a piece of machinery

Entry                                           DEBIT       CREDIT

Accumulated depreciation     $60,600

Machinery                                                   $60,600    

B. Depreciation for expense for computer sold

Entry                                           DEBIT       CREDIT

Depreciation expense             $4,020

Accumulated depreciation                          $4,020

Working

Depreciation = (40,200/5year) x6/12

Depreciation = $4,020

C. Disposal of computer

Entry                                             DEBIT       CREDIT

Cash                                            $13,800

Accumulated depreciation(w)    $28,140

Gain on disposal                                            $1,740

Computer                                                       $40,200

Workings;-

Accumulated depreciation = depreciation expense per year x number of years

Accumulated depreciation = $8040 x 3.5years = $28,140

D.  depreciation of delivery truck

Entry                                          DEBIT       CREDIT

Depreciation expense             $6,360

Accumulated depreciation                          $6,360

E.  Dicarded delivery truck

Entry                                             DEBIT       CREDIT

Accumulated depreciation(w)   $31,180

Loss on discarded truck            $9,360

Delivery truck                                             $41,160

Workings;-

Accumulated depreciation = depreciation expense per year x number of years

Accumulated depreciation = $6,360 x 5

Accumulated depreciation = $31,180

how will a new front desk manager address a problem of lateness in a hotel.​

Answers

Answer:

They will have a system like a lot book where they would take in the visitors details and then Mark in or out and time of arrival and leaving

Hope this helps :)

Explanation:

If the range of feasibility indicates that the original amount of a resource, which was 20, can increase by 5, then the amount of the resource can increase to 25.

a. True
b. False

Answers

Answer: True

Explanation:

The range of feasibility is used to measure values that are on the right-hand-side(objective function) that won't alter dual prices.

When the range of feasibility indicates that the original amount of a resource, which was 20, can increase by 5, then the amount of the resource can increase to (20 + 5) = 25

Therefore, the option is true

IP Company has a preliminary cash balance of $25,000 and an agreement with the bank that it will keep a minimum balance of $20,000. IP Company has a beginning loan balance of $12,000.
The ending loan balance is:________.

Answers

Answer: $7,000

Explanation:

From the question, we are informed that IP Company has a preliminary cash balance of $25,000 and an agreement with the bank that it will keep a minimum balance of $20,000 and that IP Company has a beginning loan balance of $12,000.

The ending loan balance will be:

= $20,000 + $12,000 - $25,000

= $32,000 - $25,000

= $7,000

If an investor purchases a bond when its current yield is higher than the coupon rate, then the bond's price will be expected to

Answers

Answer:

The answer is: The bond price is expected to Increase over time, reaching par value at maturity

Explanation:

If an investor purchased a bond when the bond current yield-to-maturity is higher than the bond's price, the bond is said to be bought at discount (its price is less than the face value at maturity). With this, the bond price will be expected to Increase over time, reaching par value at maturity.

And when the opposite happens i.e coupon rate higher than the current yield-to-maturity, the bond is said to be bought at premium.

Which of the following is considered a source of general revenue in the Government-wide Statement of Activities?
A) Charges for Services
B) Operating Grants
C) Sales Tax

Answers

Answer:

C) Sales Tax

Explanation:

The Government-wide Statement of Activities shows the revenues and expenses of the government and the general revenues indicate all the taxes, aid received from other governments and earnings from investments. According to that, the answer is that the option that is considered a source of general revenue in the Government-wide Statement of Activities is sales tax.

Balance sheet. Use the data from the following financial statements in the popup​ window. Complete the balance sheet. Hint: Find the accumulated depreciation for 2014 first. The accumulated depreciation for 2014 is:
Data Table
Partial Income Statement Year Ending 2014 
Sales revenue $350,100
Cost of goods sold $142,000
Fixed costs $43,100
Selling, general, and
administrative expenses $28,200
Depreciation $46,000
Partial Balance Sheet 12/31/2013
ASSETS LIABILITIES
Cash $16,100 Notes payable $14,100
Accounts receivable $28,000 Accounts payable $18,800
Inventories $47,800 Long-term debt $190,100
Fixed assets $368,000 OWNERS' EQUITY
Accumulated
depreciation (-) $140,400 Retained earnings
Intangible assets $81,900 Common stock $131,800
Partial Balance Sheet 12/31/2014
ASSETS LIABILITIES
Cash $26,000 Notes payable $11,800
Accounts receivable $19,100 Accounts payable $23,900
Inventories $53,100 Long-term debt $162,100
Fixed assets $448,100 OWNERS' EQUITY
Accumulated depreciation (-) Retained earnings
Intangible assets $81,900 Common stock $182,000

 ​

Answers

Answer:

57

Explanation:

im rich

Waterway Industries's direct materials budget shows total cost of direct materials purchases for January $200000, February $220000 and March $290000. Cash payments are 60% in the month of purchase and 40% in the following month. The budgeted cash payments for March are

Answers

Answer:

Total cash disbursement= $262,000

Explanation:

Giving the following information:

Purchases:

January= $200,000

February= $220,000

March= $290,000

Cash payments are 60% in the month of purchase and 40% in the following month.

Cash disbursement March.

Purchase on cash March= 290,000*0.6= 174,000

Purchase on account from February= 220,000*0.4= 88,000

Total cash disbursement= $262,000

The common stock of Eddie's Engines, Inc., sells for $37.13 a share. The stock is expected to pay a dividend of $3.10 per share next year. Eddie's has established a pattern of increasing their dividends by 5.2 percent annually and expects to continue doing so. What is the market rate of return on this stock?

Answers

Answer:

13.55%

Explanation:

The common stock of Eddies engines is sold at $37.13 per share

The stock is expected to make a payment of $3.10 per share next year

The growth rate is 5.2%

Therefore, the market rate of return on the stock can be calculated as follows

Market rate of return= Next dividend payment/stock price × growth rate

= $3.10/$37.13 + 5.2%

= 0.0835×100 + 5.2%

= 8.35%+5.2%

= 13.55%

Hence the market rate of return on this stock is 13.55%

A company's strategy evolves over time as a consequence of : Select one: a. The need to keep strategy in step with changing market conditions and changing customer needs and expectations b. The proactive efforts of company managers to fine-tune and improve one or more pieces of the strategy c. The need to respond to the newly-initiated actions and competitive moves of rival firms d. All of the above

Answers

Answer:

The correct answer is the option D: All of the above.

Explanation:

To begin with, a company's primary strategy that focus on completing the main goal of the company of increasing the sales and with that the profits is considered to be the most important element that the business has in order to keep existing and therefore that as the time passes and the context around the organization changes, that strategy evolves. And there are a lot of reasones why that could happen, including the market conditions that vary over the pass of years as well as the need to react to the competitors decisions in order to keep fighting for the market. And other consequence that may help the change of the strategy is the effort itself of managers to make the strategy better as ideas turn to came out.

Zane, a new employee, is eager to get a promotion soon, and he hopes he can quickly rise through the ranks at the company. He decides to ask his supervisor, Mary, for professional development advice. This is an example of which of the following types of communication?
a. Downward
b. None of these are correct.
c. Upward
d. Horizontal
e. Diagonal

Answers

Answer:

C

Explanation:

Upward communication is communication from lower hierarchy in the organisation to higher hierarchy in the organisation

Downward communication is communication from higher hierarchy in the organisation to lower hierarchy in the organisation

Horizontal communication is communication within the same organisation hierarchy

Diagonal communication is cross functional communication between employees at different levels of the organisation

A company's normal operating activity is to produce 500 units per month. During its first two months of operaetion, it produced 100 units per month. Following a great article about the product, product spiked to 1,000 units per month, but the spike only lasted for one month. Which of the following best approximates the company's relevant range?
a. 450-510 units.
b. 100-1,000 units.
c. 500-1,000 units.
d. 100, 500, or 1,000 units.

Answers

Answer:

a. 450-510

Explanation:

450-510 units which best approximates the company's relevant range. The correct option is A.

What is an operating activity?

All of a company's continuing marketing efforts for its goods and services are referred to as operating activities. Non-operating activities are one-time occurrences that could have an impact on the company's regular, core business but also on sales, costs, or cash flow.

Given,

Normal Producing Units = 500 units per month

Last month produced = 1000 units

Production for first 2 months = 100 units per month

Calculate the range of company produce units =?

Total units produce = 2 x 100 + 9 x 500 + 1 x 1000/12

Total units produce = 5700/12  = 475 units

The relevant range for the company producing the units is 450-510 units because 475 units is lies between in such range.

Thus, the ideal selection is option A.

Learn more about operating activity here:

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GDP can be calculated by summing _____. rev: 04_09_2018 Multiple Choice consumption, investment, government purchases, and net exports consumption, investment, government purchases, and imports consumption, investment, wages, and rents consumption, investment, government purchases, exports, and imports

Answers

Answer:

consumption, investment, government purchases, and net exports

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

Imports is subtracted from GDP and not added

The bad faith registration of a domain name that is a registered trademark or trade name of another entity is referred to as:

Answers

Answer:

Cybersquatting.

Explanation:

This is explained to be the involvement of a person(especially a domain creator) with registered domains owned by a company, organisation or even a personality that have almost/same keywords that are said to be in existence. This person can be easily tagged as a 'cybersquatter'. Therefore in the other hand cybersquatting can simply means registering a domain name because it corresponds to someone else’s name. The objective of this said squatter is just to sell it to that person for a vast amount of money. This act was seen to be in existence in the early internet ages and were exactly when a lot of these businesses hadn’t woken up to the importance of domain names.

You must decide between $25,000 in cash today or $30,000 in cash to be received two years from now. If you can earn 8 percent interest on your investments, which is the better deal?

Answers

Answer:

The deal to receive $30000 is better.

Explanation:

To find the better deal we need to calculate the present value of $30000 and then compare it with the amount $25000. If the amount is greater than the $25000, then the amount should be received after the 2 years.

The given time period (n )= 2

Interest rate (r ) = 8%

The amount received after 2 years = $30000

[tex]\text{Present value of money} = \frac{Future \ value}{(1 + r)^n } \\= \frac{30000}{(1+0.08)^2} \\= $25720.16[/tex]

Since the amount is more than $25000 so the deal to receive the money after 2 years will be better.

For a nail salon, the costs associated with the purchase of nail polish and other products like polish remover and disposable flip flops are examples of ____costs. These ______ considered when building a MCS.

Answers

Answer: Variable cost; should be considered

Explanation:

For a nail salon, the costs associated with the purchase of nail polish and other products like polish remover and disposable flip flops are examples of variable costs. These should be considered when building a MCS.

Variable costs are the costs that varies with production. They are the opposite of fixed costs which are fixed. The nail polish and other products like polish remover and disposable flip flops are variable costs because the amount that'll be bought depends on the available customers and therefore isn't fixed.

Mojo Mining has a bond outstanding that sells for $2,201 and matures in 21 years. The bond pays semiannual coupons and has a coupon rate of 7.38 percent. The par value is $2,000. If the company's tax rate is 40 percent, what is the aftertax cost of debt

Answers

Answer:

the after tax cost of debt is 3.90 %.

Explanation:

The Cost of debt is the rate required on the bond and this is calculated as follows :

PV = - $2,201

n = 21 × 2 = 42

PMT =  ($2,000 × 7.38 %) ÷ 2 = $73.80

P/YR = 2

FV = $2,000

r = ?

Using a Financial Calculator, the Pre-tax Cost of debt, r is 6.4963% or 6.50 % (2 decimal places)

After tax cost of debt = Interest rate × (1 - tax rate)

                                   = 6.50 % × (1 - 0.40)

                                   = 3.90 %

An unfinished desk is produced for $36.00 and sold for $65.00. A finished desk can be sold for $75.00. The additional processing cost to complete the finished desk is $5.95. What is the differential revenue if you process further

Answers

Answer:

Differential revenue from further processing = $4.05

Explanation:

A business should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.  

Also note that all cost incurred up to the split-off point are irrelevant to the decision to process further .i.e $36 irrelevant to the decision to process further

The differential revenue if the desk is processed further would be the difference between the additional revenue from further process and the further processing cost.

                                                                                  $

Sales price after the split-off point                         75

Sales price at the split-off point                               65

Additional sales revenue                                         10

Further processing cost                                       (5.95)

Differential revenue from further processing        4.05

Differential revenue from further processing = $4.05

Turnbull Co. has a target capital structure of 58% debt, 6% preferred stock, and 36% common equity. It has a before-tax cost of debt of 8.2%, and its cost of preferred stock is 9.3%. If Turnbull can raise all of its equity capital from retained earnings, its cost of common equity will be 12.4%. However, if it is necessary to raise new common equity, it will carry a cost of 14.2%. If its current tax rate is 40%, how much higher will Turnbull’s weighted average cost of capital (WACC) be if it has to raise additional common equity capital by issuing new common stock instead of raising the funds through retained earnings? (Note: Round your intermediate calculations to two decimal places.)

Answers

Answer:

Turnbull's weighted average cost of capital will be higher by 0.65% if it has to raise additional common equity capital.

Explanation:

By combining the WACC formula and retained earnings cost of capital,we will arrive at;

WACC = Debt W × after tax cost of debt + Preferred stock weight × cost of capital + Equity W × Cost of capital

= 58% × 4.92% + 6% × 9.3% + 36% × 12.4%

= 2.85% + 0.56% + 4.46%

= 7.87%

Also, using the same WACC formula and using common equity cost of capital, , we will arrive at the below;

WACC = Debt W × after tax cost of debt + preferred stock weight × cost of capital + Equity W × cost of capital

= 58% × 4.92% + 6% × 9.3% + 36% × 14.2%

= 2.85% + 0.56% + 5.11%

= 8.52%

Therefore, increase cost using common equity over retained earnings is [ 8.52% - 7.87%]

= 0.65%

N.B we arrived at 4.92% for after tax by;

Pre tax 8.2%

Current tax rate 40%

= Pre tax × ( 1 - cost of debt)

= 8.2% × ( 1 - 40%)

= 8.2% × 0.6%

= 4.92%

Assume that investors have recently become more risk averse, so the market risk premium has increased. Also, assume that the risk-free rate and expected inflation have not changed. Which of the following is most likely to occur?a. The required rate of return will decline for stocks whose betas are less than 1.0 b. The required rate of return on the market, rm, will not change as a result of these changes c. The required rate of return for each individual stock in the market will increase by an amount equal to the increase in the market risk d. The required rate of return on a riskless bond will decline. e. The required rate of return for an average stock will increase by an amount equal to the increase in the market risk premium.

Answers

Answer: e. The required rate of return for an average stock will increase by an amount equal to the increase in the market risk premium.

Explanation:

The market risk premium is the interest rate over the risk-free rate that investors will be compensated with for taking on the risk. Returns consist of both the risk-free rate and a premium charged for risk.

If investors become more risk averse, they will have to be compensated for what they view as riskier investments by increasing the premium being given to them.

Should this happen, the return that they will require will therefore increase by the same amount that the premium has increased.

The price of a stock call option is __________ correlated with the stock price and __________ correlated with the strike price. Group of answer choices negatively; positively not; not negatively; negatively positively; positively positively; negatively

Answers

Answer:

The answer is positively correlated with stock price and negatively correlated with strike price

Explanation:

The holder of a call option expects the price of the underlying asset(the stock) to increase for him to exercise the right while he also hopes the price of the strike price(exercise price) will be lower than the stock price. If this happens the holder (long) of the call option gains. So because of this, the price of stock call option is positively correlated with the price of the underlying (stock price) while it is negatively correlated with the strike price(exercise price).

Other Questions
The diagram summarizes the light-dependent reactions of photosynthesis. A diagram shows the light-dependent reactions of photosynthesis. x goes to the light dependent reaction. The light dependent reaction goes to chemical energy and oxygen. What is the input of the light-dependent reactions, labeled X? CO2, H2O, O2, and light CO2, H2O, and light CO2 and H2O H2O and light 7. Suppose that y varies inversely with x. Write an equation for the inverse variation,y = 4 when x = 6Ax =2By =2424y =OD y = 2x Which is a trait of a scientific text? Select one: a. Commands are written in point form or detailed numbered steps. B. Provides factual information about experiments completed by scientists c. Shows instructions on how to perform a specific task or experiment d. Text structure is often a problem and solution or sequence of process format. Complete each of the statements A. Lines of force are lines used to represent ________ an ________ electric field B. The intensity of an electric field is the coefficient between the _________ that in the field exerts on a test ___________ located at that point and the value of said charge C. The electric field is uniform if at any point in the field its _________ and ________ is the same D. The van der graff generator is a _________ machine which has two __________ that are driven by a _________ that generates a rotation Complete each equation with a number that makes it true. 5______=15 4______=32 6______=9 12______=3 Which statement about the meaning of words is correct? Prefixes and suffixes added to words to change their base meanings are known as _[blank]__O articlesO affixesO word rootsO base words Problem 9-18 Comprehensive Variance Analysis [LO9-4, LO9-5, LO9-6] Miller Toy Company manufactures a plastic swimming pool at its Westwood Plant. The plant has been experiencing problems as shown by its June contribution format income statement below: Flexible Budget Actual Sales (3,000 pools) $ 179,000 $ 179,000 Variable expenses: Variable cost of goods sold* 33,390 44,540 Variable selling expenses 11,000 11,000 Total variable expenses 44,390 55,540 Contribution margin 134,610 123,460 Fixed expenses: Manufacturing overhead 50,000 50,000 Selling and administrative 75,000 75,000 Total fixed expenses 125,000 125,000 Net operating income (loss) $ 9,610 $ (1,540 ) *Contains direct materials, direct labor, and variable manufacturing overhead. Janet Dunn, who has just been appointed general manager of the Westwood Plant, has been given instructions to "get things under control." Upon reviewing the plants income statement, Ms. Dunn has concluded that the major problem lies in the variable cost of goods sold. She has been provided with the following standard cost per swimming pool: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 3.6 pounds $ 2.00 per pound $ 7.20 Direct labor 0.5 hours $ 6.60 per hour 3.30 Variable manufacturing overhead 0.3 hours* $ 2.10 per hour 0.63 Total standard cost per unit $ 11.13 *Based on machine-hours. During June the plant produced 3,000 pools and incurred the following costs: Purchased 15,800 pounds of materials at a cost of $2.45 per pound. Used 10,600 pounds of materials in production. (Finished goods and work in process inventories are insignificant and can be ignored.) Worked 2,100 direct labor-hours at a cost of $6.30 per hour. Incurred variable manufacturing overhead cost totaling $3,000 for the month. A total of 1,200 machine-hours was recorded. It is the companys policy to close all variances to cost of goods sold on a monthly basis. Required: 1. Compute the following variances for June: a. Materials price and quantity variances. b. Labor rate and efficiency variances. c. Variable overhead rate and efficiency variances. 2. Summarize the variances that you computed in (1) above by showing the net overall favorable or unfavorable variance for the month. On a single toss of a fair coin, the probability of heads is 0.5 and the probability of tails is 0.5. If you toss a coin twice and get heads on the first toss, are you guaranteed to get tails on the second toss? Explain. Yes, since the coin is fair. No, each outcome is equally likely regardless of the previous outcome. Yes, tails will always result on the second toss. No, tails will never occur on the second toss. On January 4, 2021, Runyan Bakery paid $344 million for 10 million shares of Lavery Labeling Company common stock. The investment represents a 30% interest in the net assets of Lavery and gave Runyan the ability to exercise significant influence over Lavery's operations. Runyan received dividends of $4.50 per share on December 15, 2021, and Lavery reported net income of $250 million for the year ended December 31, 2021. The market value of Lavery's common stock at December 31, 2021, was $32 per share. On the purchase date, the book value of Lavery's identifiable net assets was $900 million and: The fair value of Lavery's depreciable assets, with an average remaining useful life of seven years, exceeded their book value by $70 million. The remainder of the excess of the cost of the investment over the book value of net assets purchased was attributable to goodwill. Required: 1. Prepare all appropriate journal entries related to the investment during 2021, assuming Runyan accounts for this investment by the equity method. 2. Prepare the journal entries required by Runyan, assuming that the 10 million shares represent a 10% interest in the net assets of Lavery rather than a 30% interest. Find conditions on the slope of a line through (9, 4) such that the x-intercept is negative and the slope is greater than its y-intercept. 2/5 < m < 4/9 m < 2/5 or m > 4/9 9/5 < m < 9/4 m < 9/5 or m > 9/4 Not enough information In an open-market operation, the Fed buys $10 million of government bonds from individual investors. If the required reserve ratio is 10 percent, the largest possible increase in the money supply that could result is $________ million, and the smallest possible increase is $_________ million. Annie tried to solve a problem step by step: 7.5 + k = 10 7.5 + k - 7.5 = 10 - 7.5 step 1 k = 2.5 step 2 Find Annie's mistake: A. Step 1 B. Step 2 C. Annie did not make a mistake A roll of steel is manufactured on a processing line. The anticipated number of defects in a 10-foot segment of this roll is two. What is the probability of no defects in 10 feet of steel Which of the following best describes the cosmology of the ancient Egyptians in North Africa? Multiple Choice They viewed the world as a series of concentric, crystalline spheres. They viewed the world as a sphere. They viewed the world as a flat disk in space. They viewed the world as a flat platter floating on water. What is the molarity of a 50.0ml aqueous solution containing 10.0 grams of hydrogen peroxide H2O2 What is the initial temperature (C) of a system that has the pressure decreased by 10 times while the volume increased by 5 times with a final temperature of -123C? How did the Cultural Revolution contribute to the rise of Deng Xiaoping afterMao Zedong's death?A. The economic growth it produced encouraged leaders to pursuemore free market reforms.B. The international outrage it created led Chinese citizens to prefer anationalist leader.C. The chaos it created allowed leaders who strongly disagreed withMao Zedong to rise to power.D. The widespread support it enjoyed convinced communists toselect a leader similar to Mao Zedong. ) If the half-life of 238Pu is 87.7 yr, write a function of the form =QtQ0ekt to model the quantity Qt of 238Pu left after t years. Round the value of k to five decimal places. Do not round intermediate calculations. Which statement describes the role of the organism indicated by the blue arrow in the food web?A secondary consumer that obtains its energy from the consumption of plantsA primary producer that recycles organic molecules from sunlightA primary decomposer that recycles organic molecules by breaking them downA primary consumer that obtains its energy from the consumption of plants