Price elasticity of demand is impacted by the number of substitutes of the good, time available to adjust to prices and whether the item is a necessity.
The correct answer is: all of these options.
1. If more substitutes are available then demand for the good will be elastic as consumers will shift to the use of other good if the price of one good increases.
2. If consumers have greater time to adjust to the increase in prices then the price elasticity of demand for the good will be impacted.
3. Necessities are usually price inelastic as they need to be consumed even when price rises.
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aim is a process for blank______ the writing of useful business messages.
Aim is a method for planning the creation of useful communications.
What exactly is the goal process throughout business communication?The AIM framework assists you in determining who your audience is, determining your intent, and then crafting your message. A structured framework like this one helps you create better discourses that clients memorize and achieve better shutdown on your conversations that drive client action. Clear communication is required for project presentations.
What is the purpose of the goal planning process?The AIM Planning process allows you to unleash your utmost best and deliver powerful messages. Determine the main message and key points. Put yourself in the shoes of their audience members. Consider their target audience's needs, preferences, and values.
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What is the present value of $500.00 to be paid in two years if the interest rate is 5 percent?A. $453.51B. $500.00C. $476.25D. $550.00
The correct answer is (A) $453,51.$453,514 is the present value of $500.00 to be paid in two years if the interest rate is 5 percent.
As the interest rate and time till payment rise, the present value of a future payment falls. The future value increases when the interest rate is raised. A rate of interest tells you how expensive borrowing is and how advantageous saving is.Therefore, if you are a borrower, the amount you pay for borrowing money expressed as a percentage of the entire loan amount is the interest rate.PV = FV / [tex](1+r)^n[/tex]PV = Present Value ,FV = Future Value, r = interest rate ,n = time/year
PV = 500 / (1 + 5%)²
PV = 500 / (1 + 0.05)²
PV = 500 / (1.05)²
PV = 500 / 1.025
PV = $453.514
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a firm has sales of $350,000, a profit margin of 6 percent, a total asset turnover rate of 1.25, and an equity multiplier of 1.4. what is the return on equity?
Therefore, the return on equity is 9%. This indicates that the company is making 9 cents in net income for every $1 in shareholder equity.
The profitability of a company is gauged by the return on equity (ROE), which is computed as net income divided by shareholder equity. The DuPont Model, which divides ROE into three components—profit margin, total asset turnover, and equity multiplier—can be used to compute ROE.
The profit margin is 6 percent ($350,000 * 0.06 = $21,000) based on the facts supplied. The company is making $1.25 in sales for every $1 in assets, or 1.25 times the overall asset turnover rate. According to the equity multiplier of 1.4, the company has $1.4 in assets for every $1 in equity. The ROE is a crucial indicator of a company's profitability and can be used to assess managerial effectiveness and compare the performance of various companies.
These numbers can be used to compute the ROE as follows:
Profit Margin x Total Asset Turnover x Equity Multiplier = Return on Equity
ROE = 0.06 * 1.25 * 1.4
ROE = 0.09 = 9%
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listed below are year-end account balances ($ in millions) taken from the records of symphony stores. debit credit accounts receivable $ 662 building and equipment 935 cash 57 interest receivable 37 inventory 36 land 158 notes receivable (long-term) 476 prepaid rent 35 supplies 13 trademark 41 accounts payable $ 615 accumulated depreciation 63 additional paid-in capital 477 dividends payable 27 common stock (at par) 18 income tax payable 56 notes payable (long-term) 877 retained earnings 286 deferred revenue 31 totals $ 2,450 $ 2,450 what would symphony report as total current assets? multiple choice $840 million $880 million $855 million $1,713 million
Symphony would report total current assets of $855 million.
Current assets are assets that are expected to be converted into cash or used up within one year.
How to calculate current assets ?We must sum together the following accounts in order to determine total current assets:
Receivables (662 million dollars)
($57 million) in cash
Interest Owed ($37,000,000)
Inventories ($36,000,000)
Rent Already Paid ($35 million)
Supplies ($13,000,000)
Thus, $662 + 57 + 37 + 36 + 35 + 13 = $855 million would be the calculation.Building and equipment, land, long-term loans receivable, trademarks, and deferred revenue are not regarded as current assets because they are not anticipated to be converted into cash or depleted within a year.To know more about current assets , check out :
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each department may employ many employees but not more than 100. each employee may be assigned to many departments. the number of departments to which an employee is assigned is limited to three. when developing a solution, specify if an employee may be assigned to the same department multiple times or not, and explain how your solution reflects it.
In this scenario, an employee may not be assigned to the same department multiple times. This can be reflected in the solution by implementing a unique constraint on the employee and department relationship in a database.
This would ensure that a given employee is only assigned to a department once and would prevent the assignment of the same employee to the same department multiple times. One way to implement this constraint is by using a many-to-many relationship between the employee and department tables, with an intermediate table (also known as a join table) that contains the employee and department foreign keys. The join table would have a unique constraint on the combination of employee and department foreign keys, which would enforce the rule that an employee can only be assigned to a department once.
Alternatively, the solution could use a one-to-many relationship between the employee and department tables, with the employee table containing a column that lists the departments to which the employee is assigned. This column would have a unique constraint, which would enforce the rule that an employee can only be assigned to a department once.
Regardless of the implementation method, the solution should clearly reflect the rule that an employee may not be assigned to the same department multiple times. This ensures that the data is consistent and accurate, and that the solution accurately reflects the constraints and requirements of the problem.
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what would prevent data from appearing in a custom report?
A user-created bespoke report is one that is made to satisfy certain organizational demands or specifications. The user is given the option to choose the data, fields, and format they want to utilize for the report.
What would prevent data from appearing in a custom report?Data might not display in a custom report for a number of reasons:
1. Filters: The information might not satisfy the requirements listed in the report filters.
2. Data Availability: The data can either not be present in the data source or not have been imported into the report.
3. User Permissions: The user might not have the necessary access to view the data or permissions to run the report.
4. Report Configuration: The report configuration, including the fields chosen, can be inaccurate or inconsistent with the data source.
5. Data Integrity: Inconsistent or damaged data could result in missing or erroneous information in the report.
6. Technical Issues: There may be technical issues, such as connection problems or server downtime, that are preventing the data from appearing in the report.
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business has become a unified, global field, and events and ideas that influence organizations in one country are likely to influence organizations in other countries as well. group of answer choices false true
The business has become a unified, global field, and events and ideas that influence organizations in one country are likely to influence organizations in other countries as well. This statement is true.
A business is illustrated as an organization or enterprising commodity involved in retail, industrial, or professional exercises. Businesses can be for-profit entities or non-profit associations. Businesses can be for-profit commodities or non-profit enterprises. Business types span from limited liability companies to sole proprietorships, corporations, and associations. Some businesses operate as small operations in a single initiative while others are big operations that circulate across many enterprises around the globe.
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13. under which mission area would these core capabilities fall? critical transportation, fire management and suppression, and mass search and rescue operations.
The Response mission area includes 15 core capabilities including critical transportation, fire management and suppression, and mass search and rescue operations.
The Response mission area aims to make sure that the country can effectively respond to all kinds of incidents, from little ones that can be handled with local resources to major ones that call for mobilising the resources of the entire country.
The goals of the Response mission area outline the skills required to save lives, safeguard property and the environment, provide for basic human needs, stabilise an incident, bring basic services and community functionality back online, and create a safe and secure environment to support the integration of recovery efforts.
Planning, public information and warning, operational coordination, essential transportation, environmental response/health and safety, fatality management services, fire management and suppression, infrastructure systems, logistics, and supply chain management are among the 15 core competencies that make up the Response mission area.
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Cost of raw materials is debited to Raw Materials Inventory when the:
A. materials are put into production.
B. bill for the materials is paid.
C. materials are ordered.
D. materials are received.
D. materials are received. When raw materials are acquired, the cost is deducted from the Raw Materials Inventory account. This is a standard accounting procedure.
The goal is to appropriately record the cost of the raw materials utilized in the manufacturing process. The cost of the raw materials is recorded as an increase in the Raw Materials Inventory account when they are received. This improves the company's asset balance and accurately reflects the cost of resources available for use in manufacturing. When raw materials are employed in the manufacturing process, the cost of the materials is moved from the Raw Materials Inventory account to the Work-in-Process Inventory account, indicating the transformation of raw materials into partially produced goods.
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To determine the standard direct materials cost per bar of chocolate, we need to calculate the total cost of the primary materials used in producing a batch of chocolate bars and then divide it by the number of bars in the batch.Let's calculate the cost of each ingredient:
1. Cocoa:
- Quantity: 420 lbs
- Price: $0.30 per lb
- Total cost of cocoa = Quantity × Price = 420 lbs × $0.30 per lb = $126
2. Sugar:
- Quantity: 120 lbs
- Price: $0.60 per lb
- Total cost of sugar = Quantity × Price = 120 lbs × $0.60 per lb = $72
3. Milk:
- Quantity: 90 gal
- Price: $1.20 per gal
- Total cost of milk = Quantity × Price = 90 gal × $1.20 per gal = $108
Now, let's calculate the total cost of the batch of chocolate bars:
Total cost of the batch = Total cost of cocoa + Total cost of sugar + Total cost of milk
Total cost of the batch = $126 + $72 + $108 = $306
Since the batch consists of 2,040 bars, we can now determine the standard direct materials cost per bar of chocolate:Standard direct materials cost per bar = Total cost of the batch / Number of bars in the batch
Standard direct materials cost per bar = $306 / 2,040 bars ≈ $0.15 (rounded to the nearest cent)Therefore, the standard direct materials cost per bar of chocolate is approximately $0.15.
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lucinda is an active member of the local chapter of the national association of realtors. she therefore can keep up with the latest industry and consumer trends that can help her company achieve its goals. which organizational citizenship behavior does this demonstrate?
Lucinda's active membership in the local chapter of the National Association of Realtors and her efforts to stay informed about industry and consumer trends demonstrate the organizational citizenship behavior of "Professionalism."
Organizational citizenship behaviours are defined as employee voluntary acts that support the efficient operation of the company even if they are not required by their formal work duties. One such behaviour is professionalism, which calls on workers to approach their job in a proactive and responsible manner, continually seek to advance their knowledge and abilities, and demonstrate a commitment to the objectives and core principles of the company. Lucinda is proving her dedication to both professional brilliance and the success of her business by keeping up with current market trends, which makes her an invaluable addition to the firm. In an organisation or business, organisational citizenship conduct refers to a person's voluntary commitment that is apart from his contractual obligations. Since the late 1970s, organisational citizenship behaviour has been researched.
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best discount store uses the perpetual system for inventory and had a sale on account to mark watson of $3,000 with terms 1/10 or n/30. before payment, mr. watson returned $1,000 of the merchandise. mr. watson paid within the discount period. what is the amount of cash best discount store received?
Best discount store received $2,700 after deducting the $1,000 returned merchandise from the initial sale of $3,000.
The payment was made within the discount period, so no discount was taken, and the full amount of $2,700 was received as cash.
The Best discount store sold merchandise to Mr. Watson for $3,000 on account and offered terms of 1/10 or n/30, which means that a 1% discount is offered if payment is made within 10 days, or the full amount is due within 30 days.
Before payment, Mr. Watson returned $1,000 of the merchandise, reducing the total sale amount to $2,000.
Since Mr. Watson paid within the discount period, he did not take advantage of the 1% discount and paid the full $2,000. Therefore, the Best discount store received $2,000 in cash from Mr. Watson.
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which of the following is a question an analyst would ask when assessing the quality of a firm's financial statements? a. has the firm integrated forward into retailing to final consumers? b. are the company's products designed to meet a specific market segment? c. is the firm diversified across several geographical markets? d. do earnings include nonrecurring gains or losses? g
The correct option is option D
An analyst would ask when assessing the quality of a firm's financial statements - do earnings include nonrecurring gains or losses.
In order to determine whether the earnings reported by the company are sustainable and reflective of its ongoing operations, or if they include one-time gains or losses that are not typical of its financial performance, an analyst would ask this question when evaluating the quality of a firm's financial statements. To assess a company's financial standing and potential for the future, an analyst must have a thorough understanding of the nature of its profits.
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Quality assurance in terms of products is largely one purpose of:
Question 1 options:
guidelines for employee behavior.
processes and procedures.
policies to deal with employee performance and behavior.
rules for computer use.
Quality assurance in terms of products is largely one purpose of policies to deal with employee performance and behavior. The Option C is correct.
What is the role of Quality assurance?Any systematic process of determining whether a product or service meets specified requirements is referred to as quality assurance (QA). Quality assurance creates and maintains standards for developing or manufacturing reliable products.
A quality assurance system is intended to boost customer confidence and a company's credibility while also improving work processes and efficiency, allowing a company to compete more effectively.
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Which of these would be considered an environmental factor that affects consumer behavior? a. stage in life cycle b. perception c. personal motivation d. technology
The correct answer is option a. Stage in life cycle would be considered an environmental factor that affects consumer behavior.
Consumer behavior can be defined as the acts that people make after they have taken decisions with respect to the acquisition of goods or services. The behavior helps us to understand that why individuals purchase certain products over others and in what quantity they purchase it. It also explains that what people are willing to do to obtain those selected goods,
Factors other than environment factors that affects the consumer behaviour are-
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shoe corporation is a c corporation with earnings of $200,000. it paid $20,000 in dividends to its sole shareholder, pamela. pamela also owns 100% of socks corporation, an s corporation. socks had net taxable income of $180,000 and made a $15,000 distribution to pamela. what income will pamela report from shoe and sock's activities?
In total, Pamela will report $400,000 in taxable income from Shoe Corporation and Socks Corporation on her individual tax return.
Income Reporting for Shareholders of C and S CorporationsWhen it comes to income reporting for shareholders of C and S corporations, there are some key differences to be aware of. For a shareholder of a C corporation, such as Shoe Corporation in this case, the individual will report the total earnings of the corporation ($200,000) as taxable income on their individual tax return, as well as any dividends received ($20,000). On the other hand, for a shareholder of an S corporation, such as Socks Corporation in this case, the individual will report the net taxable income of the corporation ($180,000) on their individual tax return. However, distributions received from an S corporation are considered a return of capital, rather than taxable income. In this scenario, Pamela, as the sole shareholder of both Shoe Corporation and Socks Corporation, will report a total of $400,000 in taxable income on her individual tax return, including the earnings from Shoe Corporation and the net taxable income from Socks Corporation.
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1) Nuru Meda Golf and Driving Range plc was opened on March 1 by Nuru. The following selected events and transactions occurred during March.
Mar. 1 Invested Br.120,000 cash in the business in exchange for ordinary shares.
3 Purchased Mechare Meda’s Golf Land for Br. 76,000 cash. The price consists of land Br. 20,000, building Br. 44,000, and equipment Br. 12,000. (Make one compound entry.)
5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of Br. 3,200.
6 Paid cash Br. 2,480 for a 1-year insurance policy.
10 Purchased golf equipment for Br.5,000 from Young Company, payable in
30 days.
18 Received golf fees of Br.2,400 in cash.
25 Declared and paid a Br.2,000 cash dividend.
30 Paid salaries and wages of Br.1,800.
30 Paid Young Company in full.
31 Received Br. 1,500 of fees in cash.
Snyder uses the following accounts: Cash, Prepaid Insurance, Land, Buildings, Equipment, Accounts Payable, Share Capital—Ordinary, Dividends, Service Revenue, Advertising Expense, and Salaries and Wages Expense.
Instructions
● Journalize the March transactions.
If Nuru Meda Golf and Driving Range plc was opened on March 1 by Nuru. The appropriate journal entries to record investment by nuru is: Debit: Share Capital—Ordinary, 120,000, Credit: Cash, 120,000.
What is journal entry?Journal entry is used by companies or organization to post their day to day business transactions are:
Journalize the March transactions.
Investment by Nuru:
Debit: Share Capital—Ordinary, 120,000
Credit: Cash, 120,000
Purchase of Golf Land:
Debit: Land, 20,000
Debit: Buildings, 44,000
Debit: Equipment, 12,000
Credit: Cash, 76,000
Advertising Expense:
Debit: Advertising Expense, 3,200
Credit: Cash, 3,200
Insurance Premium:
Debit: Prepaid Insurance, 2,480
Credit: Cash, 2,480
Accounts Payable:
Debit: Equipment, 5,000
Credit: Accounts Payable, 5,000
Service Revenue:
Debit: Service Revenue, 2,400
Credit: Cash, 2,400
Dividends:
Debit: Dividends, 2,000
Credit: Cash, 2,000
Salaries and Wages Expense:
Debit: Salaries and Wages Expense, 1,800
Credit: Cash, 1,800
Payment to Young Company:
Debit: Cash, 5,000
Credit: Accounts Payable, 5,000
Service Revenue:
Debit: Service Revenue, 1,500
Credit: Cash, 1,500
Therefore the journal entries to record investment by nuru is: Debit: Share Capital—Ordinary, 120,000, Credit: Cash, 120,000.
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which of the following statements best describes one of the central ideas of the text? question 1 options: poor families are just going to keep growing, so it's best to leave them to starve themselves out. the social situation during this time is dire, with poverty rampant throughout the kingdom, particularly in ireland. a person should be measured by how productive, costly, or useful they can be to larger society. the poor should get out of the streets and make more of an effort to find employment, rather than beg for their food.
The central idea of the text is: "the social situation during this time is dire, with poverty rampant throughout the kingdom, particularly in Ireland."
What is Social Situation ?According to the available choices, the main theme of the text is that "the socioeconomic situation at this time is severe, with poverty rife across the realm, particularly in Ireland." This claim shows that poverty is a problem that affects the entire kingdom, and that it is particularly bad in Ireland. The work is primarily concerned with the widespread societal problem of poverty in the kingdom. The other choices offer various perspectives on poverty, but they are not the text's major subject.To know more about Social Situation , check out :
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The "normal" underlying level of unemployment in the economy is:
The total of structural unemployment and frictional unemployment represents the "typical" underlying level of unemployment in the economy.
What elements affect unemployment?The demand side, or employers, and the supply side, or the employees, are both impacted by a number of factors that lead to unemployment. Demand may be affected by high interest rates, a global economy that is in a recession, and the financial crisis. Two important supply-side contributions are structural employment and frictional unemployment.
What are the top three causes of unemployment?What Causes Unemployment Typically? The reasons for unemployment are numerous. These include economic downturns, depressions, technological advancements, job outsourcing, and voluntarily changing jobs.
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received deduction of $23,500 in computing its current-year taxable income. book equivalent of taxable income is:
The Tuna Corporation also subtracted dividends from its taxable income and received a deduction of $15000.
The book equivalent of taxable income is a way to calculate the taxable income of a company by taking into account various financial transactions and deductions.
In this case, the Tuna Corporation reported a pretax book income of $1000000. The book equivalent of taxable income is different from the actual taxable income as there are several factors that need to be considered.
The net reserve for warranties increased by $25000, which is a reserve set aside to cover future warranty claims. This increase in the net reserve reduces the company's taxable income as it is a tax-deductible expense.
Book depreciation exceeded tax depreciation by $10000, which means that the amount of depreciation taken for tax purposes is lower than the amount of depreciation taken for book purposes.
This difference between book depreciation and tax depreciation reduces the taxable income.
Dividends are the payments made by a corporation to its shareholders, and these payments are tax-deductible for the company.
Complete Question:
Tuna corporation reported pretax book income of $1000000. During the current year, the net reserve for warranties increased by $25000. In addition, book depreciation exceeded tax depreciation by $10000. Finally, Tuna subtracted a dividends received deduction of $15000 in computing its current year taxable income. Book equivalent of taxable income is:
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true or false: the correct future value interest factor in a time value of money table for $100 in 10 years at 10 percent per year is 2.5937.
The statement "The correct future value interest factor in a time value of money table for $100 in 10 years at 10 percent per year is 2.5937" is true. This is because the future value interest factor (FVIF) is a mathematical calculation that determines the future value of a sum of money based on a specified interest rate and a set amount of time.
In this case, the FVIF for $100 invested at 10 percent per year for 10 years would indeed be 2.5937. This means that if you invested $100 at a 10 percent annual interest rate for 10 years, the future value of your investment would be $259.37 ($100 x 2.5937).
The time value of the money table provides a convenient way for investors to calculate the future value of their investments and make informed decisions.
By using the correct FVIF, investors can accurately estimate the future value of their investment, taking into account the interest rate and the time horizon. Overall, the given statement is true, and the correct FVIF for $100 invested at 10 percent per year for 10 years would indeed be 2.5937.
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a mortgage is a legal contract with terms that benefit both the lender and the borrower. which clause is a benefit to the borrower and not to the lender?
A mortgage is a legal contract with terms that benefit both the lender and the borrower is the early prepayment clause. This clause allows the borrower to repay the loan earlier than the agreed term without any penalties or additional charges.
This clause is beneficial to the borrower as it allows them to make early payments if they have the funds, potentially saving them money in the long run by reducing the total interest paid. The downside for lenders is that they lose the interest payments they would have received from the loan. However, lenders often include a clause that sets a minimum amount of time the borrower must have the loan before they can pay it off early to protect their interests.
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an aspiration is strategic when: it communicates information about how the organization will compete. aspirations are coherent. the aspiration reflects the smallest set of choices and decisions that guide all other choices and decisions. all of the answers are correct.
Each Aspiration Statement expresses a value or objective associated with the identification of what already functions best inside a team or organization. Making an aspiration statement flips the script on conventional problem-solving. Thus, option D is correct.
What aspiration reflects the smallest set of choices?When finished, aspiration statements act as a roadmap for the direction the company and its employees will take in the future.
A company that is aspirations-driven has executives that are clear about the organization's mission, vision, values, and priorities.
All the company's staff members and stakeholders in the market are guided by these ambitions. Aspirations need to be more than just written words to be effective.
Therefore, all the answers are correct.
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a production possibilities curve the ppc shown is bowed out from the origin. what does the shape of this ppc indicate about how opportunity cost changes as more of one good is produced?
The bowed shape of the PPC here indicates that there are rising opportunity costs when resources are used to produce two different goods in different ways.
How does a production possibilities curve display information?A graph called the production possibilities curve (PPC) depicts all of the various output combinations that can be produced with the resources and technology currently available. The PPC exemplifies scarcity and tradeoffs and is sometimes referred to as the production possibilities frontier (PPF).
How does the production possibility curve work?The production possibility curve depicts every possible combination of two commodities that can be produced in an economy with the resources and technology that are to be utilized to their full potential.
Question incomplete:A production possibilities curve. The PPC shown is bowed out from the origin. What does the shape of this PPC indicate about how opportunity cost changes as more of one good is produced?
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the following information was collected from the accounting records of the part sx9 for 2,300 units: per unit per period sales price $ 530 direct materials 100 direct labor 40 overhead 60 $ 92,000 marketing 25 administrative 69,000 what is part sx9's total cost per unit?
Part SX9's total cost per unit is $320.
1. Calculate the total cost of Direct Materials, Direct Labor and Overhead:
Direct Materials cost = 100 x 2,300 = $230,000Direct Labor cost = 40 x 2,300 = $92,000Overhead cost = 60 x 2,300 = $138,0002. Calculate the total cost of Marketing and Administrative costs:
Marketing cost = 25 x 2,300 = $57,500Administrative cost = 69,0003. Calculate the total cost of Part SX9:
Total Cost of Part SX9 = Direct Materials cost + Direct Labor cost + Overhead cost + Marketing cost + Administrative cost= 230,000 + 92,000 + 138,000 + 57,500 + 69,000 = 586,5004. Calculate the cost per unit:
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compare planned and reactive change. what are the advantages of planned change, as compared to reactive change?
Planned change is a proactive approach to implementing change in an organization. This includes identifying potential situations and making the necessary changes to prevent them from occurring or having an adverse effect.
The benefits of the planned change include increased efficiency, cost savings and higher customer satisfaction. The organization can also develop better strategies and processes that can be implemented in the future. In addition, planned change can improve employee morale because they feel more involved in the decision-making process.
Reactive change is a reactive approach to change management. This includes responding to changes that occur in the environment, such as changes in the economy, technological developments or customer needs.
The reactive approach is beneficial because it is more responsive and adaptive to changes in the user needs and the environment. It also allow in faster development time due to the ability to quickly adjust to changes in requirements and feedback.
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now suppose that exactly five years have passed (you made the 60th repayment yesterday). a rival lender offers to refinance your loan at a fixed rate of 5% p.a. (compounding monthly). costs associated with this refinancing amount to $2,000. should you refinance? you can assume the new loan has a term of either 25 or 30 years.
Undoubtedly, I should refinance. The reason is that I would effectively pay only $556 per month instead of the $600 I would have to pay over the next 300 months, after subtracting the refinancing costs ($2,000).
a) monthly payments will be = $600.00
Calculation:
100000 / PVIFA(0.005,360) = 100000 / 166.79 = 599.56 = 600
b) Yes, I should refinance.
The reason is that, after deducting the cost of refinancing ($2,000), I would effectively pay only $556 per month instead of the $600 I would have to pay over the next 300 months.
Calculations:
The balance of the loan following the 60th installment will be the amount for which refinancing is necessary.
It would be:
⇒ 100000 * (1.005)60 - 600 * FVIFA(0.005,60)
⇒ 100000 * 1.35 + 600 * 69.77
⇒ 134,885 - 41862 = 93,023
The total loan amount after the $2000 in fees is 95,023
For the remaining 300 months, there will be a monthly payment with a 5% annual percentage rate.
⇒ 95023 / PVIFA(0.004167,300)
⇒ 95023 / 171.05
⇒ 555.53 = $556
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by emphasizing core competencies when formulating strategies, companies learn to compete primarily on the basis of:
By emphasizing core competencies when formulating strategies, companies learn to compete primarily on the basis of: firm-specific differences.
What does emphasizing of core competencies do?Emphasizing core competencies distinguish an organization from its competitors and provide a competitive advantage in the marketplace. Rather than physical or financial assets, core competencies typically refer to a company's set of skills or experience in some activity.
A core competency of an organization is its strategic strength. Honda's engine and propulsion systems, for example, are a strategic strength. Sony has a strong focus on miniaturization.
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describes the number of different businesses that an organization is engaged in and the extent to which these businesses are related to one another.
A risk management strategy known as diversification distributes investments among various financial instruments, industries, and other categories in order to reduce risk.
By investing in several sectors that would produce larger and longer-term profits, this method aims to optimise returns.When an organisation engages in several different businesses that are in some way distinct from one another, this is referred to as diversification. The degree to which these businesses are related to one another also exists in this situation.The basic goal of diversification is to distribute opportunities and risks across a wider range of enterprises.This is a good strategy if you want to diversify into entirely new areas with unrelated items to attract entirely new consumer bases.
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f the government raises taxes by $100 billion when the marginal propensity to consume is 0.6, what happens to each of the following variables? a. public saving will billion. b. private saving will billion. c. national saving will billion. d. investment will billion.
Private Savingl The increase in taxes decreases disposable income, Y okay T, with the aid of $100 billion. Since the marginal propensity to eat (MPC) is 0.6, consumption falls through 0.6 x $100 billion, or $60 billion. Hence, Private Saving 6 k$100b k0.
When government spending increases and taxes are extended by way of an equal amount?The balanced-budget multiplier is equal to 1 and can be summarized as follows: when the authorities increases spending and taxes by using the equal amount, output will go up with the aid of that same amount.
To calculate non-public savings, subtract the whole tax collected via the government and the total consumption of individuals from the total GDP.
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https://brainly.com/question/15096314#SPJ4the moskowitz family is buying a house for $385,000. they have a down payment of $110,000 and would like to borrow the rest to buy the house. they qualified for an annual interest rate of 3%. algebraically determine the fewest number of whole years the moskowitz family would need to include in the mortgage agreement in order to have a monthly payment of no more than $1500.
The total amount they would like to borrow is $385,000 - $110,000 = $275,000.Let's call the number of years the Moskowitz family would like to have in the mortgage agreement as "n".
Using the formula for the monthly payment of a mortgage, we can calculate the monthly payment:
[tex]M = P * (r * (1 + r)^n) / ((1 + r)^n - 1)[/tex]
where:
M = monthly payment
P = total amount borrowed ($275,000)
r = annual interest rate divided by 12 (3% ÷ 12 = 0.0025)
Solving for n, we have:
[tex]n > = log(M / (M - rP)) / log(1 + r)[/tex]
Plugging in the values, we have:
[tex]n > = log($1500 / ($1500 - 0.0025 * $275,000)) / log(1 + 0.0025)[/tex]
Using a calculator or spreadsheet, we find that n is approximately 32.65 years. Since the number of years must be a whole number, we round up to the nearest whole number, which is 33 years.
So, the Moskowitz family would need to include at least 33 years in the mortgage agreement in order to have a monthly payment of no more than $1500.
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