Answer:
we can say that we are are $92.40 richer
Explanation:
given data
invest = $10,000
annual fee = 0.1%
index fund = 9.0%
friend invests = $10,000
charges = 1.4%
actively managed fund = 9.5%
to find out
how does your performance compare to your friend’s
solution
we get here both performance and than compare by subtract them by each other
first we get here our performance that is = $10,000 × (1 + 9%) × (1-0.1%) .....1
and friend performance that is $10,000 × (1 + 9.5%) × (1 - 1.4%) ..............2
now subtract equation 1 by 2
= $10,000 × (1 + 9%) × (1-0.1%) - $10,000 × (1 + 9.5%) × (1 - 1.4%)
= $92.40
so we can say that we are are $92.40 richer
Last year, Sinclair Company’s single product had a selling price of $25 per unit, reported a profit of $20,000, had a contribution margin ratio of 40% and incurred variable costs totaling $180,000. Because of competition, Sinclair Company will be forced in the current year to reduce its selling price by $2.00 per unit. Ignore income taxes. How many units must be sold in the current year to earn the same profit as was earned last year?
Answer:
15,000 units
Explanation:
In this question we use the formula of break-even point in unit sales which is shown below:
= (Fixed expenses + target profit) ÷ (Contribution margin per unit)
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
The selling price is $25 - $2 = $23
And, the variable expense per unit would be = $25 × 60% = $15
So, it would be $23 - $15 = $8
We know that
Operating profit = Sales - variable cost - fixed cost
$20,000 = $300,000 - $180,000 - fixed cost
So, the fixed cost would be
= $100,000
And, the sales would be
= Variable cost × 100 ÷ variable cost ratio
= $180,000 × 100 ÷ 60
= $300,000
And, the other items values would remain the same
Now put these values to the above formula
So, the value would equal to
= ($100,000 + $20,000) ÷ ($8)
= ($120,000) ÷ ($8)
= 15,000 units
Explain the differences in working cultures in the U.S. verses Japan. How is leadership affected? Minimum of 100 words
Explanation:
There are many differences in the working culture between the USA and Japan. This is based on the country's own culture which consequently also impacts labor relations. The main similarities are the long workday and short vacation time.
But what happens is that the workplace in the US is less informal and more based on individuality, employees need to be more motivated to be motivated to develop skills and competencies, which requires a more flexible, employee-oriented leadership style. .
In Japan, the workplace is more formal, the Japanese are more likely to follow orders and develop a greater group mentality to obtain results, but always seeking the approval of superiors, which translates into a more inflexible leadership style. , focused on results and not on individual motivation.
Final answer:
U.S. and Japanese working cultures differ in their focus on individualism versus group orientation, perceptions of competition, and leadership styles, with the U.S. being more competitive and individualistic while Japan emphasizes group harmony. Leadership in Japan is more democratic, and there is a notable discrepancy in the advancement of women in the workplace compared to the U.S.
Explanation:
The working cultures in the U.S. and Japan differ significantly, particularly in their approach to group orientation, competition, and leadership styles. While the U.S. culture is more individualistic and competitive, Japan emphasizes group cohesion and collective progress. In Japan, employees are often hired and promoted as a cohort, fostering group identity and reducing individual competition. This collective approach extends to leadership, which is generally more democratic in Japanese companies, with workers regularly contributing to discussions about their jobs and corporate goals. Conversely, the U.S. favors a more individualistic, performance-oriented approach, and leadership can often be more authoritarian. Moreover, competition is viewed positively by a larger portion of the American population compared to Japan, where harmony and community are more valued in the workplace.
The role of women in the workplace also contrasts, with Japan historically excluding women from higher-level positions, thereby neglecting their potential contributions. This differs from the more progressive stance in the U.S., although both nations are challenged by deeply ingrained cultural norms. Lastly, it's important to recognize that leadership theories are predominantly developed in and for Western cultures, which may not be fully applicable in different cultural contexts such as Japan.
Assume there is an increase in demand in a perfectly competitive market that was initially in long-run equilibrium. Which of the following statements is false?
a. Consumers have shown that they now consider the good to be more valuable.
b. In the short-run profits will be lower than normal.
c. Resources from other industries will be attracted into the market.
d. Over time, the market supply curve will shift right
Answer:
b. In the short-run profits will be lower than normal.
Explanation:
a. An increase in demand means that customer desire for that good has increase. Thus, it is fair to infer that consumers have shown that they now consider the good to be more valuable.
b. It is actually quite the opposite, in the short-run, companies will be able to raise their prices and profits will be higher than normal.
c. The opportunity related to the increase in demand could be enough to attract resources from other industries into the market.
d. Since this is a perfectly competitive market, it tends to reach equilibrium and the market supply curve will shift right.
The false statement is alternative b.
The costs of a market activity paid for by an individual engaged in the market activity are ________ costs.a.Externalb.socialc.Internald.commone.free-rider
Answer: internal cost
Explanation:
Internal costs are costs of a market activity paid for by an individual engaged in the market activity.
External costs are costs of a market activity paid for by an individual not engaged in the market activity.
Social cost is the sum of internal and external costs.
Free rider is when an individual benefits from a public good but doesn't pay for it.
I hope my answer helps you.
A company's fixed operating costs are $370,000, its variable costs are $3.25 per unit, and the product's sales price is $5.65. What is the company's break-even point; that is, at what unit sales volume will its income equal its costs? Round your answer to the nearest whole number.
Answer:
$154,167
Explanation:
Break even point = where profit and loss = 0
so:
Fixed operating costs + (variable costs per unit × Units produced) = sales price × Units produced
$370,000 + ($3.25 × Units produced) = $5.65 × Units produced
$370,000 = $2.4 × Units produced
Units produced = $154,167
So company must produce $154,167 units to make it break even point.
On January 1, 2013, Goll Corp. issued 3,000 of its 10%, $1,000 bonds for $3,120,000. These bonds were to mature on January 1, 2023 but were callable at 101 any time after December 31, 2016. Interest was payable semiannually on July 1 and January 1. On July 1, 2018, Goll called all of the bonds and retired them. Bond premium was amortized on a straight-line basis. Before income taxes, Goll's gain or loss in 2018 on this early extinguishment of debt was Group of answer choices $30,000 loss. $24,000 gain. $90,000 gain. $36,000 gain.
Answer:
$24,000 Gain
Explanation:
Given that,
Bonds issued = 3,000
Par value = $1,000
Value of issued bonds = $3,120,000
Goll's gain in 2018 on this early extinguishment of debt:
= Issue price of bonds - Premium amortized - Callable value
= $3,120,000 - [($3,120,000 - $3,000,000) × 11/20] - (3,000 × $1,000 × 1.01)
= $3,120,000 - $66,000 - $3,030,000
= $24,000 Gain
The mean salary of federal government employees on the General Schedule is $59,593. The average salary of 30 state employees who do similar work is $58,800 with \sigmaσσ= $1500. At the 0.01 level of significance, can it be concluded that state employees earn on average less than federal employees?
Answer:
[tex]z=\frac{58800-59593}{\frac{1500}{\sqrt{30}}}=-2.896[/tex]
[tex]p_v =P(Z<-2.896)=0.00189[/tex]
If we compare the p value and the significance level given [tex]\alpha=0.01[/tex] we see that [tex]p_v<\alpha[/tex] so we can conclude that we have enough evidence to reject the null hypothesis, so we can conclude that the average for the employes earn is less than 59593$ at 1% of significance.
Explanation:
1) Data given and notation
[tex]\bar X=58800[/tex] represent the sample mean
[tex]\sigma=1500[/tex] represent the population standard deviation
[tex]n=30[/tex] sample size
[tex]\mu_o =59593[/tex] represent the value that we want to test
[tex]\alpha=0.01[/tex] represent the significance level for the hypothesis test.
z would represent the statistic (variable of interest)
[tex]p_v[/tex] represent the p value for the test (variable of interest)
2) State the null and alternative hypotheses.
We need to conduct a hypothesis in order to check if the mean is less than 59593, the system of hypothesis would be:
Null hypothesis:[tex]\mu \geq 59593[/tex]
Alternative hypothesis:[tex]\mu < 59593[/tex]
Since we know the population deviation, is better apply a z test to compare the actual mean to the reference value, and the statistic is given by:
[tex]z=\frac{\bar X-\mu_o}{\frac{\sigma}{\sqrt{n}}}[/tex] (1)
z-test: "Is used to compare group means. Is one of the most common tests and is used to determine if the mean is (higher, less or not equal) to an specified value".
3) Calculate the statistic
We can replace in formula (1) the info given like this:
[tex]z=\frac{58800-59593}{\frac{1500}{\sqrt{30}}}=-2.896[/tex]
4)P-value
Since is a left tailed test the p value would be:
[tex]p_v =P(Z<-2.896)=0.00189[/tex]
5) Conclusion
If we compare the p value and the significance level given [tex]\alpha=0.01[/tex] we see that [tex]p_v<\alpha[/tex] so we can conclude that we have enough evidence to reject the null hypothesis, so we can conclude that the average for the employes earn is less than 59593$ at 1% of significance.
sle Co. owned a copy machine that cost $5,000 and had accumulated depreciation of $2,000. Isle exchanged the copy machine for a computer that cost $4,000. Isle's future cash flows are not expected to change significantly as a result of the exchange. What amount of gain or loss should Isle report and at what amount should it record the asset?
Answer:
In the income statement, there is no loss or gain and assets worth $3,000 is recorded in the balance sheet.
Explanation:
Exchange of non- monetary assets which is not expected to change the cash flows of the entity significantly lacks the commercial substance.
The accounting for exchange is grounded on the carrying amount of the assets given up, unless the boot is received so there is no gain recognized.
The asset named computer is recognized at the amount of carrying value of the copy machine amounts to $3,000.
Working Note:
Asset value = Cost of machine - Accumulated Depreciation
= $5,000 - $2,000
= $3,000
Which of the following is a problem that could likely be minimized throughgood deployment planning? [35a. Identify system supportability issues in planning and executing a defense acquisition program.]
a. Inadequate training
b. Interoperability needs
c. Insufficient modeling and simulation
d. Inadequate testing
Answer:
The correct answer is letter "A": Inadequate training.
Explanation:
The deployment plan describes the design, strategy, and implementation of the project to be implemented. The plan takes into consideration a support system, problem follow-up, and roles of the personnel involved during every single step of the project.
Inadequate training can be successfully taken cared of within the deployment plan. One of its steps includes clarifying what are the responsibilities of each person involved.
You are interested in purchasing a new car and have done some research. One of the many points you wish to consider is the resale value of the car after 5 years. You wish to estimate the resale value of the one that piques your interest with a 99% confidence interval. In your research, you obtain data on 17 recently resold 5-year-old sedans of the same model you wish to purchase. These 17 cars were resold at an average price of $12,500 with a standard deviation of $700. What is the 99% CI for the true mean resale value?
Answer:
The 99% confidence interval would be given by (12004.26;12995.74)
Explanation:
1) Previous concepts
A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".
The margin of error is the range of values below and above the sample statistic in a confidence interval.
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
[tex]\bar X=12500[/tex] represent the sample mean for the sample
[tex]\mu[/tex] population mean (variable of interest)
s=700 represent the sample standard deviation
n=17 represent the sample size
2) Confidence interval
The confidence interval for the mean is given by the following formula:
[tex]\bar X \pm t_{\alpha/2}\frac{s}{\sqrt{n}}[/tex] (1)
In order to calculate the critical value [tex]t_{\alpha/2}[/tex] we need to find first the degrees of freedom, given by:
[tex]df=n-1=17-1=16[/tex]
Since the Confidence is 0.99 or 99%, the value of [tex]\alpha=0.01[/tex] and [tex]\alpha/2 =0.005[/tex], and we can use excel, a calculator or a table to find the critical value. The excel command would be: "=-T.INV(0.005,16)".And we see that [tex]t_{\alpha/2}=2.92[/tex]
Now we have everything in order to replace into formula (1):
[tex]12500-2.92\frac{700}{\sqrt{17}}=12004.26[/tex]
[tex]12500+2.92\frac{700}{\sqrt{17}}=12995.74[/tex]
So on this case the 99% confidence interval would be given by (12004.26;12995.74)
"Other things equal, when the price of a good rises, the quantity supplied of the good alsorises, and when the price falls, the quantity supplied falls as well." This relationship betweenprice and quantity supplied
a.is referred to as the law of supply.
b.applies only to a few goods in the economy.
c.is represented by a downward-sloping supply curve.
d.All of the above are correct.
Answer:
the correct answer is a.is referred to as the law of supply.
John loans George money and they sign a written agreement whereby George will repay John in monthly installments. Is this loan subject to the Truth-n-Lending Act? No, if John is not in the business of offering credit
Answer:
No.
Explanation:
No, if John is not in the business of offering credit.
The Truth in Lending Act is a primary federal law of United States enacted in 1968 designed to keep consumers informed of credit agreements. It is used to regulate and standardized the method of calculating the cost associated with borrowing and how they are disclosed.
What would operational testers use to determine whether a system meets operational performance parameters?
Answer:
Measures of Effectiveness
Explanation:
The Measures of Effectiveness (MOE) are measures specifically created to assess system operational environment, behaviour and capability as they relate to the achievement or attainment of the system's objectives, goals and tasks. MOE actually measures the probability that a system will perform as required and perform as expected.
FOr MOE to be effective as an operational tester, the following characteristics must be available; testable, complete, simple, quantitatively measurable and easily measurable.
Therefore in order to determine whether a system meets its operational performance parameters Measures of Effectiveness must be employed.
Which is NOT a step in the cost-benefit analysis? Select one: a. determination of tradable emissions b. calculation of the net profit c. identification of the project d. determination of all impacts
Answer:
The correct answer is A
Explanation:
CBA sands for Cost - Benefit Analysis, is the analysis tool which is used to analysis the cost as well as benefits associated with the project. It comprise of the benefits or advantage of the course of action and then these are compared with the cost linked with it.
The steps followed in the analysis are:
1. Brainstorm Benefits and Cost
2. Allocate monetary value to the benefits
3. Allocate monetary value to the Costs
4. Compare Costs with Benefits
Therefore, determination of tradable emissions is not the step.
Option a. determination of tradable emissions is not the step in the cost-benefit analysis.
The following are the steps of the cost-benefit analysis.
Net profit computation.Determination of all impacts. Project identification. The option 1 is known as benefit-cost analysis.Therefore we can conclude that Option a. determination of tradable emissions is not the step in the cost-benefit analysis.
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Outstanding Job Hours to Print Job Penalty for not completing job in 24 hoursJob A 6 -$120Job B 9 -$200Job C 12 -$360Job D 16 -$400Job E 2 -$50A print shop has contracted to print a number of jobs within 24 hours. Any jobs not completely printed within this time will result in a penalty, as shown in the table above. However too many jobs have been accepted, and not all can be printed. Which jobs should be printed in the next 24 hours?A) Job D, Job A, and Job EB) Job C and Job BC) Job D and Job AD) Job C, Job B, and Job E
Answer:
Option D is correct
Explanation:
The cumulative loss in penalty of this option is the highest compared to the rest which makes it logical.
The Megabux National Bank currently has deposits of $200 million. If the Fed establishes a reserve requirement of 12 percent, Megabux National must hold reserves of _______ against its deposits.A. $12 million B. $24 million C. $176 million D. $200 million
Answer:
Option (B) is correct.
Explanation:
Given that,
Megabux National Bank currently has deposits = $200 million
Fed establishes a reserve requirement = 12 percent
Therefore,
Reserves must be hold by the Megabux national bank against its deposits:
= Amount of Deposits × Required reserve ratio
= $200 million × 12 percent
= $200 million × 0.12
= $24 million
Is the proportion of men who write a shopping list before going shopping less than the proportion of women who do so? Let p1 and p2 represent the population proportions of men and women, respectively, who use shopping lists. Suppose a random sample of 50 men and 50 women was asked if they use a shopping list when they have more than ten items to buy. Of the 50 men, 20 said yes and of the 50 women 30 said yes.
Answer:
The proportion of women that make the list is higher than the proportion of men.
Explanation:
Giving the following information:
Let p1 and p2 represent the population proportions of men and women, respectively, who use shopping lists. Suppose a random sample of 50 men and 50 women was asked if they use a shopping list when they have more than ten items to buy. Of the 50 men, 20 said yes and of the 50 women 30 said yes.
We need to calculate the proportions of each gender that said 'yes':
p1= 20/50= 0.4
p2= 30/50= 0.6
The proportion of women that make the list is higher than the proportion of men.
A company claims that 20% of their mixed nuts are cashews, 30% are almonds, and the rest are peanuts and that they thoroughly mix millions of nuts and a machine shoots them into packages of 200. In other words, individual packages will vary in their nut distribution just due to random chance. To test their claim I bought a package of their mixed nuts. It contained 200 nuts. I counted 25 cashews, 50 almonds, and 125 peanuts.
In the tested package, the percentage distribution of cashews (12.5%), almonds (25%) and peanuts (62.5%) varied from the company's claims due to random distribution. However, a single package is a small sample size and may not accurately reflect the company's claimed distributions.
Explanation:The company represents the types of nuts in their mix as percentages, which implies that over a large number of mixed nut packages, approximately 20% will be cashews, 30% almonds, and the remaining 50% peanuts. In a single package, due to random distribution, these percentages could change.
In your package of 200 nuts, 12.5% were cashews (25 cashews), 25% were almonds (50 almonds), and 62.5% were peanuts (125 peanuts). The percentage of cashews and almonds are lower than the company's claim, while the percentage of peanuts is higher.
However, before making conclusions about the company's integrity, it would be wise to understand the concept of randomness and variation in statistics. Sample size matters, and a variation from expected results in a single packet does not necessarily indicate a lie or mistake.
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What is a public franchise? A public franchise is
A. a firm that can supply the entire market at a lower average total cost than can two or more firms.
B. an entity through which the government directly provides certain services to consumers.
C. a firm that is the only seller of a good or service that does not have a close subsitute.
D. a firm designated by the government as the only legal provider of a good or service.
E. a firm that is the only buyer of a factor of production.
Answer:
D. a firm designated by the government as the only legal provider of a good or service.
Explanation:
Public franchise -
It is the type of firm , which is legally opened by the government , to provide certain goods and services, is referred to as public franchise.
These firm are opened in order to restrict the market , as , where other any other firm are not allowed to compete .
This method is adapted in order to regulate the market , which helps the consumers to buy certain products at lower price .
Craig, a high school student, wakes up early on a Sunday morning and makes his mother's favorite chocolate cake and butterscotch cookies. He wants to seek permission for a week-long trekking trip and is sure that the cake and cookies will get his mother in a good mood. This scenario most likely exemplifies ingratiation. consultation. legitimizing tactics. coalition tactics.
Answer:
The correct answer is letter "A": ingratiation.
Explanation:
The ingratiation technique has the objective to persuade people to do something after a favor or desirable action has already been given to those people. Ingratiation actions could be simple such as smiling to someone, being friendly, cheerful, positive, and showing interest in other people.
Final answer:
Craig's action of making treats for his mother to gain permission for a trip exemplifies the concept of ingratiation.
Explanation:
The scenario presented where Craig makes his mother chocolate cake and butterscotch cookies to get her in a good mood for permission for his trekking trip is an example of ingratiation. Ingratiation involves making others feel good about themselves through flattery or kind actions before or during an attempt to influence them. This definition aligns with the actions of Craig, as he hopes that by pleasing his mother with her favorite treats, she will be more inclined to grant permission for his trip.
All of the following are considered input barriers to entry except:(A) control of a key raw material by a single firm.(B) the ability to obtain financing for capital projects at more favorable rates than potential competitors.(C) the fact that workers in a particular industry belong to a union.(D) a patent on a specialized type of capital that is needed to produce a particular product
Answer:
(C) the fact that workers in a particular industry belong to a union.
Explanation:
All other options are considered as possible entry barriers because they may put hindrance for an entrepreneur to enter the field of producers . The fact that workers of a particular industry belong to a union because role of union comes only when industry starts functioning . It can not play any role at the start of an industry.
During December, Far West Services makes a $2,400 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.5%. (Note: the sales tax amount is in addition to the credit sale amount.) Record sales and sales tax payable.
Final answer:
To record the sales and sales tax payable for the $2,400 credit sale, you would debit accounts receivable for $2,400 and credit sales for $2,400. Then, you would calculate the sales tax payable by multiplying the total credit sale amount by the combined state and local sales tax rate. Finally, you would debit sales tax payable for $204 and credit sales tax revenue for $204 to reflect the amount owed for sales tax.
Explanation:
To record the sales and sales tax payable for the $2,400 credit sale, you would debit accounts receivable for $2,400 and credit sales for $2,400. Then, you would calculate the sales tax payable by multiplying the total credit sale amount by the combined state and local sales tax rate:
Sales tax payable = Credit sale amount * (State tax rate + Local tax rate)
Plugging in the values:
Sales tax payable = $2,400 * (0.06 + 0.025) = $2,400 * 0.085 = $204
Finally, you would debit sales tax payable for $204 and credit sales tax revenue for $204 to reflect the amount owed for sales tax.
John has an extra bedroom in his house that he occasionally rents out using the service Airbnb. John charges $100 per night, and his room is occupied by a renter approximately 100 nights per year. He thinks that if he repaints the room the photos he posts on Airbnb to draw customers will be more attractive, allowing him to charge $110 dollars per night and to rent the room for 120 nights per year. John's tax rate is 28%. What is the annual, afterdashtax, incremental revenue that John expects from his painting project?
Answer:
C. $2304
Explanation:
The annual, after-tax, revenue is:
$100 × 100 nights = 10000.
The tax rate is 28% of 10000 : 0.28 of 10000
Therefore 0.28 × 10000 = 2800.
Revenue = 10000 - 2800 =7200
The annual, after-tax, incremental revenue is:
$110 ×120 nights = 13200.
The tax rate is 28% of 13200 : 0.28 of 13200
Therefore 0.28 × 13200 = 3696
Incremental revenue = 13200 - 3696 = 9504
Then, the subtract the initial revenue from the new revenue.
9504 - 7200 = 2304
Therefore, the annual, after-tax, incremental revenue that John expects from his painting project is $2304
If you were assigned to prepare a capital expenditure budget request, what two people would you most want to have on your team? Why? How would you expect to use them? What are the key elements of the proposal and who would create them from your team?
Such assets include things like property, equipment, and infrastructure. Capital expenditures usually take two forms: maintenance expenditures and expansion expenditures. Due to their substantial initial costs, irreversibility, and long-term effects, capital expenditure decisions are very critical to an organization.
Sully Company provided the following information for last month. Production in units 3,000 Direct materials cost $7,000 Direct labor cost $10,000 Overhead cost $9,600 Sales commission per unit sold $4 Price per unit sold $29 Fixed selling and administrative expense $7,000 There were no beginning and ending inventories. What is gross margin for Sully Company last month? a.$54,000 b.$47,400 c.$32,400 d.$60,400 e.$64,600
Answer:
d.$60,400
Explanation:
The computation of the gross margin is shown below:
= Sales - Direct materials cost - Direct labor cost - Overhead cost
where,
Sales = 3,000 units × $29 = $87,000
And all the other items would remain the same
Now put these values to the above formula
So, the value would equal to
= $87,000 - $7,000 - $10,000 - $9,600
= $60,400
Edit question Utah Light, Inc. has a takeover offer from Cal Corp. Utah Light is experiencing difficulty with earnings and its share price has dropped from $32 to $19. Cal Corp's offer is for $23 per share. Utah Light's board meets once and reaches a general consensus after thirty minutes that because of pending plans and developing assets, it should not accept the offer as the actual value of the company is at least $30 a share - in their estimation.
1. Must the board accept the offer?
2. If they reject it, have they exposed themselves to any liability to the shareholders? Why, or why not?
Answer:
1. They do not have to accept the offer 2. No, if there is clear opportunity to continue with the business, the board is not exposing shareholders to any loss.
Explanation:
The stock value of a company is a valuation given by the market with the available information. It is believed that company's management team has more accurate information about the company and if their own calculation says that the company valuation is about $23 (in this case $30) the shareholders should believe in the management team criteria. Could be thought that Utah Light's board destroyed the premium of $4 per share that Cal Corp was intended to pay. Instead, what the board did was to avoid the destruction of $7 per share. The stock valuation could change in time (it is not definitely), but if they accept the takeover offer, the destruction of value will be definitive.
our firm experiences strong seasonal demand, based on financial quarters. You have calculated the following seasonal relatives (or "indices") for each quarter: First Financial Quarter: 0.5 Second Financial Quarter: 1.0 Third Financial Quarter: 1.25 Fourth Financial Quarter: 1.25 The marketing department has just forecasted that 10,000 units will be ordered in the next fiscal year. The operations manager wants you to tell her how many units will be ordered in the fourth quarter of next fiscal year. What is your answer
Answer: 3,125 UNITS
Explanation:
According to the question above, the seasonal relatives for each quarter for the current year financials has been calculated thus:
1st quarter 0.5
2nd quarter 1.0
3rd quarter 1.25
4th quarter 1.25
using the above relatives to calculate what the next fiscal year order will be:
Total relatives above = 4.0
for the 4th quarter for the next year order :
= 1.25/4.0 * forecasted qty to be ordered for the next fiscal year
=1.25/4.0 * 10,000
0.3125 * 10,000
=3,125 units will be ordered in the forth quarter of the next fiscal year.
The number of units that would be ordered in the next fiscal year would be 3125
The financial report
The first quarter = 0.5
The second quarter = 1.0
The third quarter = 1.25
The fourth quarter = 1.25
0.5+1+1.25+1.25 = 4
The relatives are 4
The solution for the 4th quarter[tex]\frac{4thQuarter}{TotalRelatives} \\\\= \frac{1.25}{4}[/tex]
= 0.3125
The number of the units in the fiscal year would be 0.3125*10000
= 3,125 units
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In order for "limit pricing" to be effective, the firm practicing such a strategy must be able to charge a price that is:________
a. greater than the potential entrant's ATC but lower than the firm's own ATC.
b. lower than the potential entrant's ATC but greater than the firm's own AVC.
c. lower than the potential entrant's ATC but greater than the firm's own ATC.
d. greater than the potential entrant's ATC but lower than the firm's own AVC.
In order for "limit pricing" to be effective, the firm practising such a strategy must be able to charge a price that is lower than the potential entrant's ATC but greater than the firm's own ATC.
Explanation:
A pricing strategy is a level where products are sold by a supplier at an expense that is cheap enough to make the market unprofitable for others. Monopolies use it in order to discourage market entry and in many cases it is illegal.
It is not able to sustain a monopolistic-ally profitable firm where P = MC and growth, with a long-run balance, generates an efficiency that approaches the minimum possible in an ATC business. Profit so long as potential customers can not enter the market.
Consider the following: Cash in Bank - checking account of $13,500, Cash on hand of $500, Post-dated checks received totaling $3,500, and Certificates of deposit totaling $124,000.
How much should be reported as cash in the statement of financial position?
a. $ 13,500.b. $ 14,000.c. $ 17,500.d. $131,500.
Answer:
b. $ 14,000
Explanation:
For closing balance of cash in the statement of financial position, only cash received and on hand is recorded. Post dated checks probably have not been presented to the bank yet and thus would not be included. Certificates of deposit correspond to savings account and thus will not be part of the checking or hard cash account. The only amounts to be recorded on balance sheet are,
Cash = 13,500 + 500 = $14,000
Hope that helps.
Answer:
=b. $ 14,000.
Explanation:
Cash to reported in the statement of Financial Position= Checking account balance+ Cash on hand
= $13,500+$500
=$14,000
Post-dated checks received is not considered as cash because cash has not been received. Cash is expected in the future when the checks are presented for payment and it is hourned.
Certificates of deposit is a tenured deposit or fund which cannot be withdrawn on demand without a notice or expiration of the period in the agreement.
Checking account balance can be converted to cash immediately.
Which of the following would make it easier to maintain an effective collusive agreement in a cartel?
An increase in the number of potential entrants into the industry.
A decrease in the elasticity of demand for the cartel's product.
An increase in the number of substitutes for the product produced by the cartel.
A new method of pricing that makes it more difficult for each firm to monitor the prices that the other firms in the cartel are charging.
Answer:
A decrease in the elasticity of demand for the cartel's product.
Explanation:
The cartel is under the control of companies operating in the same area. This is undesirable. It is concluded between businesses and these contracts prevent competition. Such arrangements are also prevented by governments, which aims to promote competition among governments across the country. This type of arrangement creates unity and demonstrates business behavior in activities that prevent other competitors from entering the sector.
Adverse effects on consumers include:
1) Higher prices - cartel members can raise prices, which reduces the demand elasticity of any member.
2) Lack of Transparency - Members may agree to hide prices or hide information such as hidden charges in credit card transactions.
3) Limited production - Members may agree to limit market production, such as OPEC and oil quotas.
4) Build Market - Cartel members can collectively divide a market into regions or regions and not compete in each other's territory.
A decrease in the elasticity of demand for the cartel's product would make it easier to maintain an effective collusive agreement, as it reduces the incentive for firms to cheat by undercutting prices.
Explanation:To maintain an effective collusive agreement in a cartel, it would be easier if there was a decrease in the elasticity of demand for the cartel's product. This is because a less elastic demand means that a change in price will have a smaller effect on the quantity demanded, reducing the incentive for firms to undercut each other on price. On the contrary, both an increase in the number of potential entrants into the industry and an increase in the number of substitutes for the product produced by the cartel, as well as a new pricing method that hinders price monitoring, would all make it harder to maintain a collusive agreement.
A cartel attempts to act like a monopolist to maximize profits by setting higher prices and reducing output. However, individual firms within the cartel have an incentive to cheat by slightly undercutting the cartel price to increase their market share and profit. If one firm cheats, and the others follow, the result is often akin to the firms entering into cutthroat competition, which may reduce profits for all.