Answers
Explanation:
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Related Questions
Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one cup of coffee, one donut, and one newspaper. In year one, the basket costs $8.00. In year two, the price of the same basket is $7.00. From year one to year two, there is (Deflaton,Inflation) at an annual rate of _____%. In year one, $40.00 will buy ________ baskets, and in year two, $40.00 will buy ________ baskets. This example illustrates that, as the price level falls, the value of money:_________
Answers
Answer:
From year one to year two, there is (Deflation,Inflation) at an annual rate of _12.5____%. In year one, $40.00 will buy ____5____ baskets, and in year two, $40.00 will buy ___5.7 (6)____ baskets. This example illustrates that, as the price level falls, the value of money:_increases___
Explanation:
a) Data and Calculations:
The price of a basket of goods in year one = $8.00
The price of the same basket of goods in year two = $7.00
Difference in price (reduction in price) = $1 ($8 - $7)
Percentage reduction in price = $1/$8 * 100 = 12.5%
With $40/8, 5 baskets were bought
With $40/7, 5.7 baskets will be bought
b) Economists are always wary of prolonged deflation or continuous general falling prices of goods because it depicts an economy that is seriously weakening at its foundation. As a fallout, companies slow production, reduce output, lay off workers, and reduce salaries (earned income).
A year ago, you graduated from college and decided to open your own computer software company. Over the past year, your firm generated $500,000 in revenue. You hired two software engineers and paid each of them $150,000 over the past year. You also purchased computer equipment that cost a total of $30,000. To save money, you decided to use the basement of your house for the business. Previously, you had rented this space to a tenant for $6,000 per year. Instead of opening your own business, you could have gone to work for Microsoft and earned $200,000 over the past year.
Required:
a. What were your accounting profits of your firm over the past year?
b. What were the economic profits of your firm over the past?
Answers
Answer:
170,000
$-36,000
Explanation:
Accounting profit= total revenue - explicit cost
Total revenue =price x quantity sold
Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials
Economic profit = accounting profit - implicit cost
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives
Accounting profit = $500,000 - [( $150,000 x 2) + $30,000] = $170,000
Economic profit = $170,000 - ($200,000 + $6000) = -36,000
You have purchased a put option on Pfizer common stock. The option has an exercise price of $53 and Pfizer’s stock currently trades at $55. The option premium is $0.80 per contract. a. What is your net profit on the option if Pfizer’s stock price does not change over the life of the option? b. What is your net profit on the option if Pfizer’s stock price falls to $50 and you exercise the option?
Answers
Answer:
A. -0.80
B. 2.20
Explanation:
A. Calculation for your net profit on the option if Pfizer’s stock price does not change over the life of the option
Net profit per share=max(53-55,0)-0.80
Net profit per share=0-0.80
Net profit per share=-0.80
Therefore your net profit on the option if Pfizer’s stock price does not change over the life of the option is -0.80
b. Calculation for your net profit on the option if Pfizer’s stock price falls to $50 and you exercise the option
Net profit per share
=max(53-50,0)-0.80
Net profit per share=3-0.80
Net profit per share=2.20
Therefore your net profit on the option if Pfizer’s stock price falls to $50 and you exercise the option is 2.20
Larkspur, Inc. uses a perpetual inventory system. Data for product E2-D2 include the purchases shown below.Date Numer of Units Unit priceMay 7 46 $10July 28 36 15On June 1, Larkspur, Inc. sold 23 units, and on August 27, 36 more units. Calculate the average cost of the goods sold in the sale. (Round answers to 3 decimal places, e.g. 5.125.)
Answers
Answer:
Following are the solution to this question:
Explanation:
Calculating the cost of the product sold:
FIFO:
June 1: 23 units costing of [tex]\$ 10[/tex] each [tex]= \$ 230[/tex]
Aug 27: 23 units costing of [tex]\$ 10[/tex] each [tex]= 230[/tex]
13 units costing of [tex]\$ 15[/tex] each [tex]= 195[/tex]
[tex]\$425[/tex]
Total cost of product sold[tex]= \$655[/tex]
LIFO:
June 1: 23 units costing of [tex]\$ 10[/tex] each [tex]= \$ 230[/tex]
Aug 27: 36 units costing of [tex]\$15[/tex] each = 540
Total cost of product sold [tex]= \$ 770[/tex]
Average cost:
June 1: 23 units costing of [tex]\$ 10[/tex] each [tex]= \$ 230[/tex]
Aug 27: 36 units costing of [tex]\$13.051[/tex] each [tex]= \$469.836[/tex]
Total cost of product sold [tex]= \$699.836[/tex]
What suggestion does the author make about her main characters' future at
the end of the story?
A. They will spend the final years of their lives terrified, haunted by
their father's ghost.
B. They will gradually learn to take control over their own lives, but it
will be slow and difficult.
C. They will burn all their father's possessions to remove his hated
influence from their lives.
VO D. They have more freedom now that their father is dead, but they are
not strong enough to act on it.
Answers
Answer:
D
Explanation:
They have more freedom now that their father is dead, but they are
not strong enough to act on it.
On April 2, Kelvin sold $35500 of inventory items on credit with the terms 1/10, net 30. Payment on $21300 sales was received on April 8 and the remaining payment on $14200 sales was received on April 27. Assuming Kelvin uses the net method of accounting for sales discounts, the entry recorded on April 27 would include:________.
a: debit to Cash and credit to Accounts Receivable for $14058.
b. debit to Cash and credit to Sales Discounts Forfeited for $355.
c. debit to Accounts Receivable and credit to Sales Revenue for $35500.
d. debit to Cash for $14200 and credit to Sales Discounts Forfeited for $142.
Answers
Answer:
d. debit to Cash for $14200 and credit to Sales Discounts Forfeited for $142
Explanation:
Based on the information given Assuming Kelvin uses the net method of accounting for sales discounts, the journal entry recorded on April 27 would include:debit to Cash for $14200 and credit to Sales Discounts Forfeited for $142
A..Dr Accounts receivable 142
Cr Sales Discount forfeited 142
(1%*$14200)
B. Dr Cash $14,200
Cr Accounts receivable$14,200
The following information is available for Trinkle Company for the month of June: The unadjusted balance per the bank statement on June 30 was $56,084. Deposits in transit on June 30 were $2,655. A debit memo was included with the bank statement for a service charge of $22. A $4,418 check written in June had not been paid by the bank. The bank statement included a $800 credit memo for the collection of a note. The principal of the note was $775, and the interest collected amounted to $25. Required Determine the true cash balance as of June 30. (Hint: It is not necessary to use all of the preceding items to determine the true balance.)
Answers
Answer:
$54,321
Explanation:
Prepare a Bank Reconciliation statement to determine the true cash balance as of June 30.
Bank Reconciliation statement as at June 30
Balance as per Bank Statement $56,084
Add Outstanding Lodgments $2,655
Less Unpresented Checks ($4,418)
Balance as per Cash Book $54,321
Conclusion
The true cash balance as of June 30 is $54,321.
Early in 2018, Robbinsville Press was organized with authorization to issue 100,000 shares of $100 par value preferred stock and 500,000 shares of $1 par value common stock. Ten thousand shares of the preferred stock were issued at par, and 170,000 shares of common stock were sold for $15 per share. The preferred stock pays an 8 percent cumulative dividend. During the first four years of operations (2018 through 2021), the corporation earned a total of $1,385,000 and paid dividends of 75 cents per share in each year on its outstanding common stock. Required: a. Prepare the stockholders' equity section of the balance sheet at December 31, 2021. b. Are there any dividends in arrears on the company's preferred stock at December 31, 2021
Answers
Answer:
Part a
The stockholders' equity section of the balance sheet at December 31, 2021.
Preferred Stock 10,0000 at $100
Common Stock 170,000 at $1
Paid in excess 170,000 at $14
Part b
Dividends in arrears on the company's preferred stock at December 31, 2021
Explanation:
Only issued Share Capital is presented in the stockholders' equity section of the balance sheet.
Aziz Industries has sales of $100,000 and accounts receivable of $11,500, and it gives its customers 30 days to pay. The industry average DSO is 27 days, based on a 365-day year. If the company can change its credit and collection policy sufficiently to cause its DSO to fall to the industry average (without decreasing sales) and if it earns 8.0% on any cash freed-up by this change, how would that affect its net income, assuming other things are held constant
Answers
Answer:
The effect of this is to add $328.22 to the net income.
Explanation:
The Days Sales Outstanding (DSO) can be calculated using the following formula:
DSO = (Accounts Receivable / Credit Sales) * 365 ................ (1)
This can now be determined using the following 4 steps:
Step 1: Calculation of Aziz Industries' current DSO (DSOa)
Using equation (1), we substitute the relevant values and solve as follows:
DSOa = (11,500 / 100,000) * 365
DSOa = 41.98 Days
Step 2: Calculation of the amount Accounts Receivable needs to be lowered to so that DSO will be 27 days
By this, we have:
y = the amount that the Accounts Receivable needs to be lowered to = Accounts receivable = ?
Sales = $100,000
DSO = industry average DSO = 27 days
Substitute the relevant values into equation (1) and solve y, we have:
27 = (y / 100,000) * 365
27 / 365 = y / 100,000
0.073972602739726 = y / 100,000
y = 0.073972602739726 * 100,000
y = $7,397.26
Step 3: Calculation of decrease in Accounts Receivable
Decrease in Accounts Receivable = Aziz Industries' current accounts receivable - y = $11,500 - $7,397.26 = $4,102.74
Step 4: Calculation of addition to net income which is the same as the interest earned
Addition to net income = Decrease in Accounts Receivable * Percentage earned on any cash freed-up by this change = $4,102.74 * 8% = $328.22
Therefore, the effect of this is to add $328.22 to the net income.
Beginning three months from now, you want to be able to withdraw $4,200 each quarter from your bank account to cover college expenses over the next four years. If the account pays .82 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next four years
Answers
Answer:
$49,709.34
Explanation:
Payments of fixed amount for a certain period of time is known as an Annuity.
Step 1 : We need to calculate the Net Present Value of the Annuity
Using a financial calculator the following data will need to be captured.
PMT = $4,200
P/Yr = 4
N = 4 x 4 = 12
I = 0.82 %
FV = $ 0
PV = ?
Therefore, the Net Present Value of the Annuity is $49,734.80
Step 2 : Then we calculate the Present Value (Value today of this Annuity)
Since you need to have $49,734.80 in 3 months.
Then, today you require :
FV = $49,734.80
I = 0.82 %
P/Yr = 4
N = 0.25
PMT = $0
PV = ?
therefore, today you require $49,709.34
Conclusion
We are discounting the payments in both stages by the rate of 0.83 % .Therefore, you need to have in your bank account $49,709.34 today to meet your expense needs over the next four years.
A local grocery store buys USDA A grade pork at the wholesale price of $4 per pound and sells at the retail price of $7 per pound. The grocery store orders once per week. There is no chance to reorder during the week. The meat is good to be sold for one week. Unsold meat have to be dumped (Throw away to regular trash bin is not acceptable, it is hazardous material) at the cost of $0.5 per pound. The weekly demand is uncertain and has a discrete distribution:______.
Demand Probability 300 0.25 400 0.25 500 0.25 600 0.254
How many pounds of meat should be order per week? What is the expected weekly profit?
Answers
Answer:
$1,012.5
Explanation:
Cu = Retail price - Wholesale price = $7 - $4 = $3
Co = Wholesale price + Dumping cost = $4 + $0.5 = $4.5
Critical ratio = Cu/(Cu+Co) = 3/(3+4.5) = 0.4
Demand Probability Cumulative probability
300 0.25 0.25
400 0.25 0.50
500 0.25 0.75
600 0.25 1.00
Corresponding demand is 400. Optimal order quantity = 400 pounds
Expected demand = 300*0.25+400*0.25+500*0.25+600*0.25
Expected demand = 450 pounds
Expected shortage = (500-400)*0.25+(600-400)*0.25
Expected shortage = 75
Expected sales = Expected demand - Expected shortage
Expected sales = 450 - 75
Expected sales = 375 pounds
Expected inventory = Order quantity - Expected sales
Expected inventory = 400 - 375
Expected inventory = 25 pounds
Expected weekly profit = Expected sales * Cu - Expected inventory * Co
Expected weekly profit = 375*3 - 25*4.5
Expected weekly profit = $1,012.5
Seeing a movie at a theatre would be considered a(n)_____ want.
O unlimited
economic
O noneconomic
limited
Answers
Answer:
non-economic
Explanation:
A want or demand is a manifestation of the desire to want pt to have the item or possession of the value of that product or service. The watching of a movie in the theatre or a mall is regarded as a noneconomic as it does not possess any economic value. As wants can be limited and unlimited, theatres are for the general public and operate for non-profit.In March 2010, Hertz Pain Relievers bought a massage machine that provided a return of 8 percent. It was financed by debt costing 7 percent. In August, Mr. Hertz came up with a heating compound that would have a return of 14 percent. The chief financial officer, Mr. Smith, told him it was impractical because it would require the issuance of common stock at a cost of 16 percent to finance the pur-chase. Is the company following a logical approach to using its cost of capital?
Answers
Answer: No they are not
Explanation:
When using the Cost of Capital approach, it is best that the company use the Weighted Average Cost of Capital(WACC). This would require considering the various capital sources available to the company and their cost instead of the cost of one capital source.
This is because, the availability of various sources of capital are sometimes contingent on others and this is the underlying principle of WACC. When the cost of this equity to be issued and other sources of capital are weighted, the heating compound might then give a better return than the cost.
An unlevered firm has a cost of capital of 16.7 percent and earnings before interest and taxes of $489,602. A levered firm with the same operations and assets has face value of debt of $650,000 with a coupon rate of 7.5 percent that sells at par. The applicable tax rate is 35 percent. What is the value of the levered firm
Answers
Answer:
$2,133,136.53
Explanation:
Calculation for value of the levered firm
First step is to calculate the VU
VU= [$489,602 × (1 - .35)] / .167
VU= $1,905,636.53
Now let calculate the value of the levered firm
VL= $1,905,636.53 + .35($650,000)
VL= $2,133,136.53
Therefore the value of the levered firm is $2,133,136.53
Cascade Company was started on January 1, Year 1, when it acquired $151,000 cash from the owners. During Year 1, the company earned cash revenues of $90,600 and incurred cash expenses of $62,000. The company also paid cash distributions of $13,000.
Required:
Prepare a Year 1 income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows under each of the following assumptions. (Consider each assumption separately.)
Answers
Answer:
Cascade Company
Income statement for the year ended year 1
Sales Revenue $90,600
Less Expenses $62,000
Net Income $28,600
Cascade Company
Statement of changes in equity for the year ended year 1
Capital Retained Income Total
Beginning of the Year :
Opening Balance $151,000 $ 0 $151,000
During the Year :
Profit for the year - $28,600 $28,600
Dividends paid - ($13,000) ($13,000)
Total $151,000 $15,600 $166,600
Cascade Company
Balance Sheet as at year 1
ASSETS
Cash ($151,000 + $90,600 - $62,000 - $13,000) $166,600
Total Assets $166,600
EQUITY AND LIABILITIES
Equity $166,600
Total Equity and Liabilities $166,600
Cascade Company
Statement of Cashflow for the year ended year 1
Cash flow from Operating Activities
Cash receipts from customers $90,600
Cash payments to suppliers and employees ($62,000)
Net Cash from Operating Activities $28,600
Cash flow from Investing Activities
No Investment activities
Net Cash from Investing Activities $0
Cash flow from financing Activities
Capital Invested $151,000
Dividends Distributions ($13,000)
Net Cash from Investing Activities $138,000
Movement during the year $166,600
Beginning Cash and Cash Equivalents $0
Ending Cash and Cash Equivalents $166,600
Explanation:
The income statement, statement of changes in equity, balance sheet, and statement of cash flows for Cascade Company have been prepared above.
Note : Make sure to take note of the format and appropriate heading of each statement.
Suppose that production for good X is characterized by the following production function, Q = K0.5L0.5, where K is the fixed input in the short run. If the per-unit rental rate of capital, r, is $15 and the per-unit wage, w, is $5, then the average fixed cost of using 16 units of capital and 25 units of labor is:
Answers
Answer:
B). $12
Explanation:
As per the given data, the AFC(Average Fixed Cost) for employing 25 factors of labor and 16 factors of capital would be $12.
We are given the production function,
Q = [tex]K^{0.5} L^{0.5}[/tex]
where,
K = allotted input in short-term
Rental rate of each unit/factor(r) = $15
Wage per factor(w) = $5
As we know, the two inputs are labor, as well as, capital;
To find AFC, we need TC;
so,
TC = (Fixed cost + Variable cost)
TC = (240(15 * 16) + 125(25 * 5) = 365
Thus,
AFC = $ 12
Which of the following is not a feature of parliamentary democracy?
Answers
On May 9, 2018, Calvin acquired 800 shares of stock in Hobbes Corporation, a new startup company, for $81,100. Calvin acquired the stock directly from Hobbes, and it is classified as § 1244 stock (at the time Calvin acquired his stock, the corporation had $900,000 of paid-in capital). On January 15, 2020, Calvin sold all of his Hobbes stock for $8,110. Assume that Calvin is single, determine his tax consequences as a result of this sale. If an amount is zero, enter "0". As a result of the sale, Calvin has: Ordinary loss: Short-term capital loss: Long-term capital loss:
Answers
Answer:
Ordinary loss = $50,000
Short-term capital loss = $0
Long-term capital loss = $22,990
Explanation:
a. Computation of total loss
Total loss = Acquisition cost - Sales proceeds = $81,100 - $8,110 = $72,990
b. Determination of ordinary loss
Ordinary loss = $50,000
This is because for a single, ordinary loss is limited to $50,000 for stock classified as 1244.
c. Determination of short-term capital loss
Short-term capital loss = $0
Short-term capital loss is $0 because the share was held for more than one year before it was resold.
d. Computation of long-term capital loss
Long-term capital loss = Total loss - Ordinary loss = $72,990 - $50,000 = $22,990
The Monetary Policy of Tazi is controlled by the country's central bank known as the Bank of Tazi. The local unit of currency is the Tazian dollar. Aggregate banking statistics show that collectively the banks of Tazi hold $300 million of required reserves, $75 million of excess reserves, have issued $7,500 million of deposits, and hold $225 million of Tazian Treasury bonds. Tazians prefer to use only demand deposits and so all money is on deposit at the bank. Refer to Scenario 29-1. Assume that banks desire to continue holding the same ratio of excess reserves to deposits. What is the reserve requirement and the reserve ratio for Tazian Banks
Answers
Answer:
Reserve requirement is the percentage of deposits that the monetary authority keeps in reserves out of deposits.
Reserve requirement = Required reserves / Total deposits
= 300 / 7,500
Reserve requirement = 4%
Reserve ratio is the percentage of reserves held by the banks.
= (Required reserves + excess reserves ) / Total deposits
= ( 300 + 75) / 7,500
Reserve ratio = 5%
The reserve requirement is the percentage of deposits held in reserves by the monetary authority. The Reserve Ratio is the number of reserves held by banks as a percentage of total assets. So, the reserve requirement is 4% and the reserve ratio is 5%.
How do you compute reserve requirements and ratios?[tex]\text{Computation of Reserve requirement (RE)}\\\text{RE = Required reserves} / \text{Total deposits}\\\text{RE} = 300 / 7,500\\\text{RE}= 4 \text{ percent}\\\text{Computation of Reserve ratios(RR)}\\\text{RR = (Required reserves + excess reserves )} / \text{Total deposits}\\\text{RR} = ( 300 + 75) / 7,500\\\text{RR} = 5\text{ percent}[/tex]
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A company with various segments (referred to as "divisions") is considering whether to drop its Orange County division. For each the costs described below, indicate whether the cost is avoidable or unavoidable by choosing the related drop-down menu item.
1. Wages paid to the Orange County division employees who work directly for this division and will be discharged if the division is dropped.
2. General administrative expenses allocated to the Orange County division on the basis of sales dollars.
3. Depreciation expense on previously purchased machinery that is used in the Orange County division; the machinery will have no other use or resale value if the division is dropped.
4. Rent paid for the building that houses only the Orange County division.
5. The amount of rent paid to lease a private jet for use by the company's management that is allocated to the Orange County division.
Answers
Answer:
1. Avoidable.
These wages are avoidable because they will stop being paid if the division is dropped.
2. Unavoidable.
These are general administrative expenses which means that they will still be incurred regardless of if the division is dropped. They are therefore unavoidable.
3. Unavoidable.
As the machine has no other use or resale value if the division is dropped, the depreciation expense will still be incurred even if the division is dropped so this cost is unavoidable.
4. Avoidable.
Company will no longer have to pay rent if the division is dropped so this expense is an avoidable cost.
5. Unavoidable.
This cost will still be incurred by the company regardless of if the division is dropped because it is an administrative cost at company level. It is therefore unavoidable.
what are the proffesional values
Answers
Answer:
The values include “service, access equality, respect, confidentiality and privacy, protection of intellectual property rights, literacy, technical literacy, stewardship, and professional and social obligations”
Karma Company has prepared its operating budget for the first quarter of 20x9. The company forecasts sales of $50,000 in February, $60,000 in March, and $70,000 in April. Variable and fixed expenses are as follows: Variable: Utilities (electricity): 40 % of sales Misc. expenses: 5 % of sales Fixed: Salary expense $ 8,000 per month Rent expense $ 5,000 per month Depreciation expense $ 1,200 per month Utilities expense (fixed part) $ 800 per month Misc. Expense (fixed part) $ 1,000 per month What are the total selling and administrative expenses for the month of February
Answers
Answer:
The correct solution is "38,500".
Explanation:
The given values are:
Sales in February,
= $50,000
Sales in March,
= $60,000
Sales in April,
= $70,000
Now,
The total selling and administrative expenses for the month of February will be:
= [tex]Variable \ costs + Fixed \ cos ts[/tex]
On substituting the values, we get
= [tex]50,000\times (40 \ percent+5 \ percent) + (8,00 0+5,000+1,200+800+1,000)[/tex]
= [tex]20000+2500+8000+5000+1200+800+1000[/tex]
= [tex]38,500[/tex]
Selling, general and administrative costs are the costs incurred by a firm to market, sell and deliver its products and services, as well as run day-to-day operations.
The correct solution is "38,500".
Given Information:-
Sales in February= $50,000
Sales in March= $60,000
Sales in April = $70,000
The total selling and administrative expenses for the month of February will be:
=Variable Costs + Fixed Costs
=50,000*(40%+ 5%)+(8,000+5,000+1,200+800+1,000)
=20,000+2500+8,000+5,000+1,200+800+1,000
=$38,500
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Congress adopted a law to provide insurance to protect wheat farmers. The agency in charge of the program adopted regulations to govern applications for this insurance. These regulations were published in the Federal Register. Mary applied for insurance but his application did not comply with the regulations. She claimed she was not bound by the regulations because she never knew they had been adopted. Is she bound by the regulations?
Answers
Answer:
She is bound by the regulations.
Explanation:
It is Mary's duty to know if the insurance regulations published in the Federal Register have been adopted by Congress. The purpose of using the Federal Register is to inform US citizens of all pending legislations. The publication in the Federal Register is, therefore, considered as a sufficient legal requirement for compliance with public notices.
Revenue from gas wells that have been in production for at least 5 years tends to follow a decreasing geometric gradient. One particular rights holder received royalties of $4000 per year for years 1 through 6; however, beginning in year 7, income decreased by 15% per year each year through year 14. Calculate the future value in year 14 of the royalty income from the wells provided all of it was invested at 10% per year.
Answers
Answer:
Future value in year 14 of the royalty income is $91,603.32.
Explanation:
Note: See the attached excel for the calculation of the future value in year 14 of the royalty income from the wells.
In attached excel file, the royalties received per year from year 7 is calculated using the following formula:
Current Year Royalties Received = Previous Year Royalties Receive * (100% - Yearly Decreasing Rate) = Previous Year Royalties Receive * (100% - 15%).
From the attached excel file, future value in year 14 of the royalty income (in bold bold red color) is $91,603.32.
The four primary areas of U.S. legislation dealing with human resource management concern labor relations, compensation and benefits, health and safety, and equal employment opportunity.
a. True
b. False
Answers
Answer: True
Explanation:
The statement that the four primary areas of the U.S. legislation deals with the human resource management concern labor relations, the compensation and benefits, the health and safety, and also equal employment opportunity" is true.
Employees should be managed properly and given the necessary conditions for them to thrive and succeed. The health and safety of workers is vital and should be adequately taken care of. Also, their benefits and compensation should be regularly reviewed and looked into in order to motivate workers and maximize productivity.
In order to get hired as an assembly line specialist, the applicant will have to show that they can perform their task in less than 5 minutes after 1000 tries. During the interview, the applicant was asked to perform their future job five times. The applicant was able to complete the task in 10.8 minutes and the company was to estimate their learning curve to be 90%. Given this information, how much time will the applicant take to perform the task a 1000th time
Answers
Answer:
The Applicant will take 3.78 minutes to perform the task a 1000th time.
Explanation:
The Learning curve is the graphical representation that determines that how much time someone takes to learn a special skill.
The time on the 1,000th applicant can be calculated as follow
[tex]T_{1000}[/tex] = [tex]T_{1}[/tex] x [tex]1000^{((log LCR/log2)}[/tex]
Where
[tex]T_{1}[/tex] = 10.8 minutes
LCR = Learning Curve Rate = 90% = 0.90
[tex]T_{1000}[/tex] = 10.8 minutes
Placing values in the formula
[tex]T_{1000}[/tex] = 10.8 minutes x [tex]1000^{((log 0.90/log2)}[/tex]
[tex]T_{1000}[/tex] = 10.8 minutes x [tex]1000^{(-0.152003093)}[/tex]
[tex]T_{1000}[/tex] = 10.8 minutes x 0.349937689
[tex]T_{1000}[/tex] = 3.779327044 minutes
[tex]T_{1000}[/tex] = 3.78 minutes
The Work-in-Process inventory account of a manufacturing firm shows a balance of $3,250 at the end of an accounting period. The job cost sheets of two uncompleted jobs show charges of $510 and $310 for materials, and charges of $410 and $670 for direct labor. From this information, it appears that the company is using a predetermined overhead rate, as a percentage of direct labor costs, of:
Answers
Answer:
$1.25
Explanation:
With regards to the above and given that;
Direct material = $510 310
Direct labor = $410 $670
Manufacturing overhead?
Work in process = Direct material + Direct labor + manufacturing overhead
$3,250 = $820 + $1,080 + MOH
$3,250 - $1,900 = MOH
MOH = $1,350
Overhead rate = MOH/Direct labor hour
= $1,350/1080
= $1.25
Classifying Cash Flow Statement Components
The following table presents selected items from a recent cash flow statement of General Mills, Inc. For each item, determine whether the amount would be disclosed in the cash flow statement under operating activities, investing activities, or financing activities. (General Mills uses the indirect method of reporting cash flows from operating activities).
DOLE DOLE FOOD COMPANY, INC.
Selected items from its Cash Flow Statement
1. Long-term debt repayments
2. Change in receivables
3. Depreciation and amortization
4. Change in accrued liabilities
5. Dividends paid
6. Change in income taxes payable
7. Cash received from sales of assets and businesses
8. Net income
9. Change in accounts payable
10. Short-term debt borrowings
11. Capital expenditures
Answers
Answer:
1. Long term debt payment - Financing activities
2.Changes in Receivables - Operating activities
3. Depreciation and amortization - Operating activities
4. Changes in accrued liabilities - Operating activities
5. Dividend paid - Financing activities
7. Cash Received from sales of assets and business - Investing activities
8. Net Income - Operating activities
9. Change in accounts payable - Operating activities
10. Short term debt borrowings - Financing activities
11. Capital Expenditures - Investing activities
A currency speculator expects the spot rate of British Pounds (GBP) to change from $2.00 to $2.20 in 6-months. Assume the speculator has access to credit lines of USD 20,000,000 in the US and GBP 10,000,000 in UK. The annual borrowing and lending rates are 6 percent in US and 4 percent in UK. In order for the speculator to take advantage from the expected spot rate change in GBP, it should
Answers
Answer:
Borrow in dollars then at spot rate convert money to british pound. Invest in the pounds for half a year and convert back to dollars.
Explanation:
Access to credit = $20000000
We do a conversion to pounds
= 20000000/2
= £10000000
When this is invested for 6 months
10000000 x 1 +4% x6/12
= 10000000(1+0.04*0.5)
= 10000000x1.02
= 10200000
We then make a conversion back to dollars
10200000 x 2.2
= 22,440,000 dollars
Loan to be repaid
20000000(1+6%x6/12)
= 20000000 x 1 +0.06*0.5
= 20000000 x 1.03
= 20,600,000
Then arbitrage profit = 22440000 - 20600000
= 1840000
please can see answer this fast. Briefly explain how the market mechanism relieves excess demand.
Answers
Answer:
The decrease in supply creates an excess demand at the initial price. a. Excess demand causes the price to rise and quantity demanded to decrease. ... A decrease in demand and an increase in supply will cause a fall in equilibrium price, but the effect on equilibrium quantity cannot be determined.
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