The quantity that results in the best profits , we need to compare the marginal revenue (MR) and marginal cost (MC) at different quantities. However, the best quantity for maximizing profits or minimizing losses depends on the specific MR and MC values
If MR is greater than MC, producing more units will result in increased profits. However, if MR is less than MC, producing fewer units will minimize losses.
Since we don't have specific information about the MR and MC at different quantities, it's not possible to determine the exact quantity that results in the best profits. The best quantity for maximizing profits or minimizing losses depends on the specific MR and MC values, which are not provided in the given information.
Therefore, without additional information on the MR and MC at different quantities, we cannot determine the specific quantity that would result in the best profits.
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In a country with a population of 40 million, there are 28 million employed and 4 million unemployed. What is the rate of unemployment? A 10% B 12.5% C 14.3% D 15%
Given information: Total population = 40 millionTotal employed = 28 millionTotal unemployed = 4 millionWe are to determine the rate of unemployment.To calculate the rate of unemployment, we use the following formula:Rate of unemployment = Total unemployed / Total labor force × 100%Total labor force = Total employed + Total unemployed Substitute the given values in the formula:
Total labor force = 28 million + 4 million = 32 million Rate of unemployment = 4 million / 32 million × 100% = 0.125 × 100% = 12.5%Therefore, the rate of unemployment in the given country is 12.5%.Hence, the correct option is B) 12.5%.
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Tim is skilled at making both bracelets and necklaces. Tim has no preference between making bracelets or necklaces since he earns the same amount from the two activities. If the selling price of necklaces decreases from $50 to $25, then Tim's opportunity cost of making bracelets___________
Tim is skilled at making both bracelets and necklaces. Tim has no preference between making bracelets or necklaces since he earns the same amount from the two activities.
If the selling price of necklaces decreases from $50 to $25, then Tim's opportunity cost of making bracelets will increase by more than 100%. The decrease in selling price of necklaces from $50 to $25 means a decrease in revenue for Tim. Thus, Tim would have to produce more necklaces to earn the same revenue he would have earned previously. However, since he has no preference for making bracelets or necklaces, the opportunity cost of making bracelets will increase.
It will increase by more than 100% since Tim has to make more necklaces to earn the same revenue he would have earned previously before the decrease in selling price. Therefore, the opportunity cost of making bracelets will increase by more than 100%.
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A vendor prepares 100.00 hotdogs every day and sells at $18.00 /piece. For each hot dog, he spends $13.00 in the raw material. Additionally he spends $1.37 for packing each hotdog and monthly $52.00, $24.00, $9.00 as food truck rent, electricity and other expenses respectively. Lost sales are charged at $4.00 per lost sale. Leftover hotdogs can be sold for $3.
On a particular day in June 110.00 people came wanting to buy a hotdog. Determine the vendor’s profit for that day? Assume there are 30 days in the month.
Answer format: Currency: Round to: 2 decimal places.
The vendor's profit for that day is [tex]\$538.00[/tex].
To calculate the vendor's profit for that day, we need to consider the revenue, costs, and any lost sales or leftover hotdogs.
Revenue:
The vendor sells each hotdog for $[tex]18[/tex], and on that day, [tex]110[/tex] people wanted to buy a hotdog. However, the vendor only has [tex]100[/tex] hotdogs available, so [tex]10[/tex] potential sales are lost.
Total revenue from hotdog sales = ($[tex]18[/tex]) [tex]\times[/tex] ([tex]100[/tex] hotdogs) = $[tex]1800[/tex]
Costs:
The vendor incurs costs for raw materials, packing, and various expenses.
Total cost of raw materials = ($[tex]13[/tex]) [tex]\times[/tex] ([tex]100[/tex] hotdogs) = $[tex]1300[/tex]
Total cost of packing = ($[tex]1.37[/tex]) [tex]\times[/tex] ([tex]100[/tex] hotdogs) = $[tex]137[/tex]
Total monthly expenses = $[tex]52[/tex]+ $[tex]24[/tex] + $[tex]9[/tex] = $[tex]85[/tex]
Lost Sales:
The vendor loses [tex]10[/tex] potential sales, which will be charged at $[tex]4[/tex] per lost sale.
Total lost sales = ($[tex]4[/tex]) [tex]\times[/tex] ([tex]10[/tex] lost sales) = $[tex]40[/tex]
Leftover Hotdogs:
The vendor has 100 hotdogs, and any leftover hotdogs can be sold for $3.00 each.
Total revenue from leftover hotdogs = ($[tex]3.00[/tex]) [tex]\times[/tex] ([tex]100[/tex] hotdogs) = $[tex]300[/tex]
Profit Calculation:
Total costs = Total cost of raw materials + Total cost of packing + Total monthly expenses = [tex]\$1300.00 + \$137.00 + \$85.00 = \$1522.00[/tex]
Profit = Total revenue - Total costs + Revenue from leftover hotdogs - Total lost sales = [tex]\$1800.00 - \$1522.00 + \$300.00 - \$40.00 = \$538.00[/tex]
Therefore, the vendor's profit for that particular day is [tex]\$538.00[/tex].
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how
do find ghr amount of cash recieved from a salev
how
to find the amount of cash yoh recieved from a sale?
The proceeds of a sale may be calculated to see how much money you made. The term "proceeds" describes the money that was made after selling assets or items at a certain time.
The term "proceeds" refers to the money earned from the sale of goods or other assets at a certain point in time. The total is obtained by dividing the sales volume by the selling price per unit. The "gross proceeds," which cover all transaction-related costs including shipping, broker commissions, and legal fees, are the sum of money received before any deductions are made.
After subtracting all transaction-related costs and fees from the gross revenues, the net proceeds are calculated. Comparing the net and gross revenues of the firm may help management understand how profitable it is and how much of its profits are lost to costs.
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Ben operates a concession stand serving Iced Tea at the Washington County Fair. Ben is the only employee stationed at his stand. Also, suppose that the following information holds good. • The mean service time is six minutes. • Control limits are 3 standard deviations on either side of the mean service time. • The standard deviation is 0.5 min. • Lower and Upper specification limits for a service time are 5.0 minutes and 7.0 minutes, respectively. Based on the above information, we can best infer that: a. Ben needs to change the lower spec. limit to 4.5 minutes and the upper spec. limit to 7.5 minutes. O b. Ben always serves iced tea within the time limit expectations of any customer. O c. Ben's service process is NOT a capable one. O d. Ben's service process is a capable one. e. b and d are true.
Based on the given information, we can infer that Ben's service process is not capable (option c).
To determine if a process is capable, we compare the control limits with the specification limits. The control limits are calculated as the mean plus or minus three standard deviations.
In this case, the control limits would be 6 minutes - 3 * 0.5 minutes and 6 minutes + 3 * 0.5 minutes, resulting in control limits of 4.5 minutes and 7.5 minutes, respectively.
However, the specification limits, which define the acceptable range of service times for customers, are given as 5.0 minutes and 7.0 minutes.
Comparing the control limits (4.5 minutes and 7.5 minutes) with the specification limits (5.0 minutes and 7.0 minutes), we can see that the control limits exceed the specification limits. This means that Ben's service process is not capable of consistently meeting the customer's time limit expectations.
Therefore, the correct inference is that Ben's service process is not a capable one (option c).
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On January 1, Year 1, Moore, a fast-food company, had a balance in its Cash account of $44,100. During the Year 1 accounting period, the company had (1) net cash inflow from operating activities of $2
The ending cash balance for Moore Company on December 31, Year 1, is $48,800.
MOORE COMPANY
Statement of Cash Flows
For the Year Ended December 31, Year 1
Cash flows from operating activities:
Net cash inflow from operating activities: $24,800
Cash flows from investing activities:
Net cash outflow for investing activities: -$16,000
Cash flows from financing activities:
Net cash outflow from financing activities: -$6,800
Ending cash balance:
To calculate the ending cash balance, we need to start with the beginning cash balance and add/subtract the net cash flows from operating, investing, and financing activities.
Beginning cash balance (January 1, Year 1): $45,800
Net cash inflow from operating activities: +$24,800
Net cash outflow for investing activities: -$16,000
Net cash outflow from financing activities: -$6,800
Ending cash balance (December 31, Year 1):
Beginning cash balance + Net cash inflow from operating activities + Net cash outflow for investing activities + Net cash outflow from financing activities
$45,800 + $24,800 - $16,000 - $6,800 = $48,800
Therefore, the ending cash balance for Moore Company on December 31, Year 1, is $48,800.
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Complete question:
On January 1, Year 1, Moore, a fast-food company, had a balance in its Cash account of $45,800. During the Year 1 accounting period, the company had (1) net cash inflow from operating activities of $24,800, (2) net cash outflow for investing activities of $16,000, and (3) net cash outflow from financing activities of $6,800. Required a. Prepare a statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) MOORE COMPANY Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities 0 Ending cash balance
Which of these equations is incorrect?
a. Shareholders' Equity = Contributed Capital + Retained Earnings
b. None of the other alternatives are correct
c. Assets = Liabilities + Shareholders' Equity
d. Revenues − Expenses = Net Income
e. All of the equations included in the other alternatives are correct
The equation that is incorrect is (a) Shareholders' Equity = Contributed Capital + Retained Earnings.
The Shareholders' equity is a part of the balance sheet that represents the claims on a company's assets of the owners after all the debts and other liabilities have been paid. Shareholders' equity consists of retained earnings and contributed capital. The equation is incorrect because shareholders' equity consists of common stock and retained earnings rather than contributed capital and retained earnings. Contributed capital represents the amount of capital that is invested in the company by shareholders by purchasing stock, while retained earnings represent the earnings that are reinvested into the company after it has been generated by operations.The accounting equation is a statement of the fundamental relationship between the resources of a company and how those resources are financed. The equation states that assets are always equal to liabilities plus shareholders' equity. This is because every transaction that affects the balance sheet has an impact on both the assets and the liabilities of the company, which in turn affects shareholders' equity. The equation can be used to analyze the financial health of a company and to determine whether it is generating enough cash to meet its obligations and to pay dividends. When analyzing the equation, it is important to understand the relationships between the various elements of the equation, and to use it as a tool to help make decisions about how to manage a company's finances.
Conclusion:
The correct equation is (c) Assets = Liabilities + Shareholders' Equity. The accounting equation is a fundamental principle of accounting that forms the basis for recording and analyzing transactions. The equation states that assets are always equal to liabilities plus shareholders' equity. The equation can be used to analyze the financial health of a company and to determine whether it is generating enough cash to meet its obligations and to pay dividends. The incorrect equation in this case is (a) Shareholders' Equity = Contributed Capital + Retained Earnings.
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Suppose a new fertilizer decreases the production cost per hectare by $120. Suppose a farmer offers to split the benefits of the new fertilizer equally with the landowner. a. Will the landowner accept or reject the offer? b. How much will the equilibrium price of land increase by?
The landowner will reject the offer. The equilibrium price of land increase by $120. With no patent making the fertilizer exclusive to this one farmer, all benefits will go to the landowner.
The price paid per unit is a company's average cost of production when producing goods or providing services. Labor, raw materials, or supplies that are used frequently are examples of costs associated with production. In economics, the cost of production refers to the costs incurred to acquire the production factors necessary for the production of a product, such as labor, land, and capital.
For instance, vehicle tyres may have production costs that cover the cost of rubber, labor, and a variety of manufacturing supplies. In the service industry, production costs may include both the material costs of providing the service and the labor costs of staff members tasked with providing it.
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On the first day of the fiscal year, a company issues an $939,000, 9%, five-year bond that pays semiannual interest of $42,255 ($939,000 x 9% x 1/2), receiving cash of $882,700. Journalize the entry to record the first interest payment and the amortization of the related bond discount using the straight-line method. If an amount box does not require an entry, leave it blank.
The amortization of the bond discount using the straight-line method would be $5,630 per semiannual period ($56,300 / 10).
The entry to record the first interest payment and the amortization of the related bond discount using the straight-line method would be as follows= DateAccount, Title, Debit, CreditJuly 1. Bond Interest Expense ($939,000 / 10)46,950Discount on Bond Payable ($882,700 – $939,000)56,300Cash89,250To record the first semiannual interest payment on the bond and the amortization of the discount to interest expense using the straight-line method. The straight-line method of amortizing bond discount is one of the most straightforward and commonly used methods of amortizing bond discount. In this method, the discount is divided evenly over the term of the bond, and the same amount is charged to the interest expense every period. In the case of this bond, the discount on the bond payable is $56,300, and the bond has a term of 5 years (10 semiannual periods).
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Consider the simple version of the first-generation model of currency crisis. The central bank with some positive level of foreign reserves is now adopting the fixed exchange rate regime with the targ
Consider the simple version of the first-generation model of currency crisis. The central bank with some positive level of foreign reserves is now adopting the fixed exchange rate regime with the target. This means that the central bank will intervene in the foreign exchange market to maintain the exchange rate at a predetermined level. However, this policy may not be sustainable if the central bank faces a persistent budget deficit that is financed by money creation. In this case, the money supply will grow faster than the demand for money, leading to inflation and a loss of competitiveness. Eventually, the market will anticipate that the central bank will run out of foreign reserves and will have to devalue or abandon the fixed exchange rate. This will trigger a speculative attack on the currency, forcing the central bank to either defend the exchange rate by using its reserves or to let the exchange rate float.
About Central BankThe central bank in a country, in general, is an agency responsible for monetary policy in that country's territory. The Central Bank strives to maintain currency stability, stability in the banking sector and the financial system as a whole.
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4-14. Annie White graduated from college with a student-loan debt of $32,000. The interest rate on this debt is 0.5% per month. If monthly payments on this loan are $618.65, how many months will it take for Annie to repay the entire loan? (4.6)
Answer: It will take approximately 82 months for Annie to repay the entire loan.
Supporting Explanation: Given, Annie White graduated from college with a student-loan debt of $32,000.The interest rate on this debt is 0.5% per month. If monthly payments on this loan are $618.65,We need to find out how many months it will take for Annie to repay the entire loan. We will use the compound interest formula to solve this problem. It is given as: A = P(1 + r/n)^nt where A is the amount, P is the principal, r is the annual interest rate, t is the number of years, and n is the number of times interest is compounded per year. We can find the monthly interest rate by dividing the annual interest rate by 12. Hence, the monthly interest rate is:0.5% / 12 = 0.004166667Using the given values, we get: P = $32,000r = 0.004166667n = 12t = ?A = $618.65We can rearrange the formula to solve for t. It is given as:t = log(A/P) / [n * log(1 + r /n)]Substituting the given values, we get: t = log(618.65/32000) / [12 * log(1 + 0.004166667/12)]t = 81.7044 ~ 82 months. Therefore, it will take approximately 82 months for Annie to repay the entire loan.
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Consider an economy where the required reserve ratio is 40%. Suppose Mark sells $2,000 worth of government securities to the FED and deposits the proceeds ($2,000) in Bank 1. Note that this new deposit initially increases the quantity of money by $2,000.Assume that all accounts were previously equal to 0 (or that we are only looking at changes. What will be the value of the total deposits in Bank 1.
The required reserve ratio is the percentage of deposits that must be held in reserve by a bank. The deposit that Mark makes in Bank 1 is $2,000, which initially increases the quantity of money by $2,000.
However, this deposit must be reserved by the bank according to the required reserve ratio. If the required reserve ratio is 40%, then the bank must hold back 40% of the $2,000 deposit, or $800. This means that Bank 1 can only loan out $1,200 to other borrowers. The deposit of $2,000 initially increased the quantity of money by $2,000. However, since the bank can only loan out $1,200, the total deposits in Bank 1 will be $3,200 ($2,000 initial deposit + $1,200 loaned out to borrowers).
The required reserve ratio is an important tool for central banks to control the money supply in the economy. By adjusting the required reserve ratio, the central bank can influence the amount of money that banks are able to loan out, and therefore control the overall supply of money in the economy.
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What standard information should always be included in your targeted résumé? Check all that apply. Objective High school accomplishments Career summary Salary requirements
The standard information that should always be included in your targeted résumé are the Objective and Career summary.A résumé is a brief document that summarizes a person's professional and academic qualifications. It's usually used as part of the application process for jobs, internships, and other opportunities.
The résumé is frequently the first thing that an employer or admissions committee sees, so it's important that it contains all of the essential information that the reader requires.The two most critical components of a targeted résumé are an objective and a career summary.
Objective and Career Summary communicate a positive and clear message to the employer or admission committee regarding the applicant’s skills, qualities, and achievements, which increases their chances of being shortlisted for the position. Therefore, both Objective and Career Summary should always be included in a targeted résumé.
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Imagine you are a startup online retailer. Your sales are growing really fast, suppliers give you two months' credit on most purchases, and customers pay using debit and credit cards. What would you expect to see on the operating section of the statement of cash flows? -Positive cash flow -Negative Cash flows -Too hard to predict Describe what you would expect all three sections of the statement of cash flows to look like for this startup online retail business and why.
For a startup online retailer experiencing fast sales growth, two months' credit from suppliers, and customer payments through debit and credit cards, we can anticipate the following expectations for each section of the statement of cash flows:
1. Operating Activities:
We would expect to see a positive cash flow in the operating section. The revenue generated from the growing sales will contribute to positive cash inflows. Additionally, the collections from customers using debit and credit cards should result in cash inflows. However, it is essential to consider factors such as payment processing fees and potential credit card chargebacks, which could affect the overall cash flow from operating activities.
2. Investing Activities:
In the initial stages of the startup, we might expect negative cash flows in the investing section. This could be due to investments in infrastructure, technology, website development, and other necessary assets for the online retail business. These investments are essential to support and sustain the growth of the business. However, as the business matures, investments in growth and expansion may gradually decrease, resulting in a more balanced or positive cash flow in the investing section.
3. Financing Activities:
The financing section could vary depending on the specific funding and capital structure of the startup. Initially, we might expect negative cash flows in this section, primarily due to external financing activities to support the business's growth, such as loans, lines of credit, or investments from equity partners. As the business establishes itself and generates profits, it may have the opportunity to generate positive cash flows in the financing section through debt repayment or equity investments.
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On October 1, 2019, the company received a $50,000 promissory note from a customer. The annual interest rate is 6%. Principal and interest will be collected in cash at the maturity date of September 30, 2020. Refer to Academy Grill Supply. If the company's year ends December 31, 2019, an adjusting entry is needed to:
a. increase interest receivable by $750. b. increase interest revenue by $2,250. c. increase notes receivable by $2,250. d. increase notes receivable by $750.
Therefore, the adjusting entry should be a. Increase interest receivable by $750. The correct option is A.
To determine the correct adjusting entry, we need to calculate the amount of interest revenue that has been earned from October 1, 2019, to December 31, 2019.
Principal amount of the promissory note = $50,000
Annual interest rate = 6%
Interest earned for 3 months (October 1, 2019, to December 31, 2019) can be calculated using the simple interest formula:
Interest = Principal * Rate * Time
Interest = $50,000 * 6% * (3/12)
Interest = $50,000 * 0.06 * 0.25
Interest = $750
Since the interest has been earned but not yet received in cash, we need to record the interest revenue as well as the interest receivable.
Therefore, the adjusting entry should be:
a. Increase interest receivable by $750.
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The Fed announces an increase in the discount rate. Which TWO of the following will MOST likely occur after the increase? 1. Outstanding short-term debenture prices will rise. IL Outstanding short-term debenture prices will fall III. US imports of foreign goods will be more competitive. IV. U.S. exports will be more competitive.
The Fed declares a rise in the discount rate. The prices of outstanding short-term debentures will decrease, and U.S. exports will become more competitive. So, choices (ii) and (iv) are appropriate.
A debentures is a medium- to long-term loan instrument in corporate finance that big businesses use to borrow money at a predetermined rate of interest.
Originally, the legal term "debenture" referred to an instrument that either created a debt or acknowledged one; however, in certain outstanding nations, the terms bond, loan stock, and note are now interchangeable. Thus, a debenture is comparable to a loan bond or a certificate of credit that certifies the company's obligation to pay a specific sum plus interest.
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Briefly explain:
Definitions of Supply chain management
A typical Supply chain
Supply Chain Stages
Process View of Supply Chain
Advantages of Supply Chain Management
Supply Chain Decisions
Problems in Supply Chain Management
Supply chain sustainability
Supply chain management is a process that ensures that the products reach the customer on time with minimal cost. It involves various stages and decisions made at each stage to manage the flow of products.
Supply chain management is a process that involves the management of the flow of products, information, and money between various entities involved in the production and distribution of goods. It starts from the procurement of raw materials to the delivery of the finished product to the customer. It aims to ensure that the products reach the customer on time with minimal cost.A typical supply chain includes various entities such as suppliers, manufacturers, distributors, retailers, and customers. The supply chain stages include procurement, production, storage, transportation, and delivery. Each stage involves various activities and decisions such as forecasting, planning, sourcing, scheduling, and quality control.The process view of the supply chain helps in understanding the flow of materials, information, and money in the supply chain. It helps in identifying the inefficiencies and bottlenecks in the supply chain and taking corrective actions to improve the performance of the supply chain.The advantages of supply chain management include reduced inventory, improved customer service, reduced lead time, increased efficiency, and reduced cost. Supply chain decisions include strategic, tactical, and operational decisions that are made at each stage of the supply chain.Problems in supply chain management include lack of visibility, lack of coordination, demand fluctuation, supply disruption, and quality issues. Supply chain sustainability is the ability of the supply chain to meet the present needs without compromising the ability of future generations to meet their needs. It involves managing the environmental, social, and economic impact of the supply chain.
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The Balance Sheet answers the following questions about the health of an organization: (Select all that apply.) Is the company solvent? Has owner's equity been growing over time? O Are the company's products produced profitably? O Can the company pay its bills? On a Balance Sheet, O assets O liabilities O owners equity tell(s) the reader "what a company owes." 4 Question 5 1 pts .Of the following terms, which is the difference between what a company pays when acquiring another company and the value of the physical assets received? O cash O accounts receivable O goodwill O fixed assets
The Balance Sheet is a financial statement that provides information about the financial position of an organization at a specific point in time. It answers several key questions about the health and stability of the company.
1. Is the company solvent? The Balance Sheet helps determine the solvency of a company by comparing its total assets to its total liabilities. If the company's assets exceed its liabilities, it is considered solvent, meaning it has enough resources to cover its obligations.
2. Can the company pay its bills? The Balance Sheet provides information about the company's current liabilities, such as accounts payable and short-term debts. By comparing these liabilities to the company's current assets, it can be assessed whether the company has sufficient liquidity to meet its short-term financial obligations.
3. Does the company have positive owner's equity? The Balance Sheet shows the owner's equity, which represents the residual interest in the assets of the company after deducting its liabilities. If the owner's equity has been growing over time, it indicates that the company's value has increased and that the owners have a positive stake in the business.
Regarding the last statement, on a Balance Sheet, assets, liabilities, and owner's equity are the components that provide a snapshot of the company's financial position. Assets represent what the company owns, liabilities represent what the company owes to external parties, and owner's equity represents the ownership interest or net worth of the company.
Finally, among the given terms, the difference between what a company pays when acquiring another company and the value of the physical assets received is known as "goodwill." Goodwill represents the intangible value of an acquired business, such as the reputation, brand recognition, customer relationships, and intellectual property. It is calculated as the difference between the purchase price and the net tangible assets acquired.
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Rational choice theory assumes that economic agents are rational and self-interested. Based on the evidence from behavioural laboratory experiments (e.g., dictator games), behavioural economists suggest that people are not always self-interested, rather they have intrinsic preferences for others' well-being (e.g., altruism, inequity aversion). However, some other studies in behavioural economics investigate this further and disentangle the intrinsic preferences into several other factors. Following the discussion in the lecture, state two such studies that try to disentangle the true intrinsic preferences based on dictator games in the lab. Explain clearly and briefly the following: (i) what each study addresses; (ii) brief description of the experimental design; and (iii) intuitive explanations.
The intuitive explanation is that people have different motivations when making decisions, such as a desire to be fair versus a desire to maximize economic efficiency.
Two studies that try to disentangle true intrinsic preferences based on dictator games in the lab are as follows:
1. Study 1: "Prosocial preferences: some evidence from dictator experiments" (Fehr and Schmidt 1999). This study aims to differentiate between selfishness and "prosocial" preferences. The experimental design involves an interaction between a dictator and a recipient, where the dictator is given a sum of money and can keep all of it, or share some of it with the recipient. The intuitive explanation is that people have some level of concern for others' welfare, but the degree of this concern varies across individuals.
2. Study 2: "Equity versus efficiency" (Andreoni and Miller 2002). This study tries to distinguish between fairness and efficiency concerns. In the experiment, the dictator has the option to allocate a fixed sum of money between themselves and the recipient.
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1. Fill in all the empty cells below. (Round to tenth of a decimal (0) unless the result rounds up to a whole number naturally). You don't have to show the calculations in this question, just fill in
The difference between the book value and the actual value is $200.00.
Here is the completed table:Date | Stores Cost | Direct Cost | Adjustments | Total Cost | Total Sales | Food Cost%
-----|-------|-------|-------|-------|-------|-----
9/4 | 400 | 0 | 0 | 400 | 500 | 80%
9/5 | 150 | 0 | 0 | 150 | 325 | 46.67%
9/6 | 350 | 0 | 0 | 350 | 550 | 63.64%
The difference between the book value and the actual value is $200.00.
Book value = Opening inventory + Purchases - Issues
= $400 + $1,200 - $800
= $600
Actual value = $600
Difference = $600 - $600 = $200
The answer is (a). The two basic components of a daily food cost are direct purchases and stores issues.
The answer is (c). All food purchases and all food issues are the two basic components of a daily food cost.
The answer is (d). Direct purchases are added to food cost when they are issued.
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The Complete Question
1. Fill in all the empty cells below. (Round to tenth of a decimal (0) unless the result rounds up to a whole number naturally). You don't have to show the calculations in this question, just fill in the table. Figure 5.1: Daily Cumulative Food Cost Record Adjustments Total Cost Total Sales Food Cost% Added to Subtracted: Today To Date, Today To Today 15 Low system resources may affect your audio quality. Try Date from Cost closing some applications to improve performance. Stores Directs Cost 50 2550 0 0 0 1500 2850 60 0 o hundredth of decimal (.00) when necessary. You d Date 9/4 400 9/5 150) 9/6 350 500 325 550 3. Determine the difference between the book value and actual value from the following data: Issues are $800.00 Purchases are $1,200.00 Opening inventory is $400.00 Actual value is $600.00 Show the calculation. 4. The two basic components of a daily food cost are (highlight the answer): a. direct purchases and stores issues b. stores purchases and direct issues c. all food purchases and all food issues d. perishable items issues and non-perishable items purchases 5. Direct purchases are added to food cost when they are (highlight the answer): a. sold b. inventoried c. received d. issued
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Internal control makes a business operation run more effectively and efficiently and it can also play a significant role in detecting and preventing fraud. Select one: O True O False
The statement "Internal control makes a business operation run more effectively and efficiently and it can also play a significant role in detecting and preventing fraud" is true. So, the correct option is option A: True
.What is internal control?Internal control is a process, operated by a company's board of directors, management, and other personnel, designed to provide fair assurance of the following:
Financial reporting that is reliable and accurate is the first priority.
Compliance with relevant regulations is the second priority. Effective and efficient operations are the third priority. The safeguarding of assets is the fourth priority.
In conclusion, internal control makes a business operation run more effectively and efficiently and it can also play a significant role in detecting and preventing fraud.
Hence, the answer is A.
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Brandt-Leland Inc. has a target capital structure consisting of
30% debt, 5% preferred stock, and 65% common
equity. Brandt-Leland has 20-year, 7.25% semiannual coupon bonds
that are selling for $875.
Brandt-Leland Inc. has a target capital structure consisting of 30% debt, 5% preferred stock, and 65% common equity.
Given 20-year, 7.25% semiannual coupon bonds are selling for $875. The question has asked for a long answer, so the detailed explanation of finding yield to maturity has been given below.How to find Yield to Maturity (YTM)?Yield to Maturity (YTM) is a financial term that is used to describe the rate of return that an investor will earn from a bond if it is held to maturity and all interest payments are reinvested at the same rate.
The formula for calculating yield to maturity is as follows:YTM = (C + ((F - P) / n)) / ((F + P) / 2)where C = coupon paymentF = face value of the bondP = price of the bondn = number of years to maturity Let's calculate the yield to maturity for the bond mentioned above.The bond's face value (F) is $1000, the semi-annual coupon rate (C) is 7.25% * $1000/2 = $36.25, and the bond is selling for $875 (P).
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An investor has cash 10,000,000 at disposal. He wants to invest in a bond with $1000 nominal value. and whose dirty price is equal to 102.89%?
what is the number of bonds he will buy?
9,719.118
10000
10,157.131
9,306.048
The investor will buy 9,719.118 bonds. To calculate this, divide the total cash available ($10,000,000) by the dirty price of one bond (102.89% of $1000), which is $1,028.90. Rounding down to the nearest whole number, the investor will purchase 9,719 bonds.
To determine the number of bonds the investor will buy, we divide the total cash available ($10,000,000) by the dirty price of one bond (102.89% of $1000).
Dirty price refers to the price of a bond inclusive of accrued interest and is expressed as a percentage. In this case, the dirty price is 102.89%, which can be converted to a decimal value of 1.0289.
So, the calculation becomes:
Number of bonds = Total cash available / Dirty price of one bond
= $10,000,000 / $1,028.90
≈ 9,719.118
Since we cannot purchase fractional bonds, we round down to the nearest whole number, resulting in the investor buying 9,719 bonds.
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Analyze how the following are built into ISO 9001 standard
(a)Customer Satisfaction (b) Process Approach (c) Employee
Involvement (d) Continuous Improvement
The following are built into ISO 9001 standards: a) customer satisfaction, b) process approach, c) employee involvement, and d) continuous improvement.
Let's analyze each of them one by one:a) Customer satisfaction: This concept is considered one of the key factors to the success of any organization. In ISO 9001, it is built into the standard by making it a requirement for organizations to continually monitor and improve their customer satisfaction levels.
This is achieved through the implementation of a customer feedback system and the establishment of measurable objectives that aim to enhance customer satisfaction.
b) Process approach: ISO 9001 standards are built on the process approach, which is a systematic way of organizing an organization's activities into interrelated processes. This helps to achieve efficiency and consistency in the delivery of products or services.
The standard emphasizes the importance of identifying, documenting, and continually improving an organization's processes to ensure they are effective and efficient.
c) Employee involvement: The involvement of employees is a crucial factor in the success of an organization. In ISO 9001, it is built into the standard by requiring organizations to establish and maintain a work environment that promotes employee involvement, engagement, and motivation.
d) Continuous improvement: This is an essential aspect of ISO 9001, which emphasizes the importance of continually improving an organization's processes, products, and services. The standard requires organizations to establish a process of continuous improvement that involves monitoring, measuring, and analyzing performance to identify areas for improvement.
This can be achieved through the implementation of an effective quality management system that fosters a culture of continuous improvement in the organization.
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On January 1, 2012, Long - Lived issued $200,000, 9% 5-years bonds at 96. The bonds paid semiannual interest on June 30 and December 31. The company uses the straight-line method of amortization and year-end Dec 31. Required: a) Record the issuance of bonds on January 1, 2012. b) Record the payment of interest on June 30
The company records the issuance of the bond at $200,000 at 96, which means the company receives $192,000 cash.
(a)Recording the issuance of bonds on January 1, 2012
Journal entries
Debit CreditCash $192,000
Bonds Payable $8,000
Bonds Payable $200,000 (To record the issuance of 9%, 5-year bonds at 96)
(b)Recording the payment of interest on June 30
Journal entries
Debit Credit Interest Expense $9,000
Discount on Bonds Payable $417 ($8,000 ÷ 40 periods)
Cash $8,583 (To record the payment of interest on 9%, 5-year bonds)
(a)The issuance of bonds on January 1, 2012:
Journal entries
Debit CreditCash $192,000
Discount on Bonds Payable $8,000
Bonds Payable $200,000 (To record the issuance of 9%, 5-year bonds at 96)
The company records the issuance of the bond at $200,000 at 96, which means the company receives $192,000 cash. The remaining $8,000 discount on the bond is amortized over the term of the bond and recorded as interest expense.
(b)Record the payment of interest on June 30:
Journal entries
Debit CreditInterest Expense $9,000
Discount on Bonds Payable $417 ($8,000 ÷ 40 periods)
Cash $8,583 (To record the payment of interest on 9%, 5-year bonds)
Interest payment on the bond is semiannual, which means that the bond's annual coupon rate of 9% is divided by two and paid semi-annually. To record the payment of interest on June 30, $8,583 cash is paid, and an interest expense of $9,000 is recorded, which represents the coupon rate of 9% divided by two for six months or $9,000 (6/12) for the period.
On January 1, 2012, Long-Lived issued $200,000, 9% 5-year bonds at 96. The bonds paid semiannual interest on June 30 and December 31. The company uses the straight-line method of amortization and year-end Dec 31.
The company records the issuance of the bond at $200,000 at 96, which means the company receives $192,000 cash.
The remaining $8,000 discount on the bond is amortized over the term of the bond and recorded as interest expense. Interest payment on the bond is semiannual, which means that the bond's annual coupon rate of 9% is divided by two and paid semi-annually.
To record the payment of interest on June 30, $8,583 cash is paid, and an interest expense of $9,000 is recorded, which represents the coupon rate of 9% divided by two for six months or $9,000 (6/12) for the period.
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Examine the recruiting advertisements of two similar service-oriented organizations. Then go to the companies’ websites and examine their stated human resources and employee development policies. Answer the following questions:
1. Can you tell anything from the job ads about the companies’ mission and values? Analyze and explain. (4 marks)
2. What are the similarities and differences of the required competencies in the job ads? (6 marks)
3. Are the messages in their print ads consistent with the statements in their websites? Yes/No and what are you seeing as inconsistent? (3 marks)
4. What is their approach to collecting resumes and creating an applicant pool? What are your thoughts on the process and is it effective? (5 marks)
1. Analyzing the job , we can tell a lot about a company’s mission and values.
2. Both Company A and Company B’s job advertisements require similar competencies in their employees, such as being able to multitask and prioritize customer needs, strong communication skills, and attention to detail.
3. The messages in the print ads of Company A and Company B are consistent with the statements in their websites.
4. Both companies appear to have similar approaches to collecting resumes and creating an applicant pool.
1. Analyzing the job ads, we can tell a lot about a company’s mission and values. In the case of the service-oriented organizations that are being compared, it is possible to determine that the two organizations have a similar mission and value proposition based on their job ads. For instance, Company A and Company B both require that their candidates have excellent customer service skills, as well as being able to multitask and perform other administrative duties as assigned.
2. Both Company A and Company B’s job advertisements require similar competencies in their employees, such as being able to multitask and prioritize customer needs, strong communication skills, and attention to detail. However, the two companies differ in the specific competencies required, with Company A emphasizing the ability to work independently and with a team, while Company B emphasizes prior customer service experience and flexibility in work hours.
3. The messages in the print ads of Company A and Company B are consistent with the statements in their websites. Both companies emphasize their commitment to customer service and employee development, and their job ads reflect this by emphasizing the importance of excellent customer service skills and the opportunity for career advancement. However, Company A’s website provides more detailed information on their employee development programs than their job ad, while Company B’s website emphasizes employee benefits more than their job ad.
4. Both companies appear to have similar approaches to collecting resumes and creating an applicant pool. They both request that applicants submit their resumes online, and they both have a form on their website where applicants can submit their information for consideration. It is difficult to determine the effectiveness of this approach without more information on the number of applicants and the quality of their resumes. However, it is a common practice in the industry, and it allows companies to more easily manage and sort through resumes to find the most qualified candidates.
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Brillo Company uses the calendar year and the cash method of accounting On December 29, 2021, Brillo made the following cash payments. To what extent can Brillo deduct the payment in 2021? Required: a. $50,000 for a two-year office lease beginning on February 1, 2022. b. $79,000 of inventory items held for sale to customers c. $1,800 to purchase a new refrigerator for the employees' lounge. The refrigerator was delivered on January 8, 2022 d. $4,800 retainer to a consultant who spent three weeks in January 2022 analyzing Brillo's Internal control system e. $22,300 property tax to the local government for the first six months of 2022. Amount a. Deduction b. Deduction c. Deduction d. Deduction Deduction es
A. There will be no deduction. Since $50,000 for office lease will results in a benefit extending beyond the following taxable year and must be capitalized.
B. There will be no deduction. The accrual approach must be used by Brillo to account for inventory purchases. They only paid $79,000 for the merchandise as of right now, thus they ought to capitalize it. However, if it does sell, the cost of the inventory can be written off at the time of the sale.
C. There will be no deduction. The refrigerator is a long-term fixed asset. Therefore, $1,800 cost of the refrigerator purchased must be capitalized to an asset account.
D. There will be deduction of $4,800. Since, it is a operating expense it must be accounted in the year of the payment.
E. There will be deduction of $22,300. Since, property tax is an operating expense and it was paid during the first 6 months of 2022 which falls in the year range of the payment which was made December 2021.
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Matt Johnson delivers newspapers and is putting away $19 at the end of each month for his paper route collections. Matt is nine years old and will use the money when he goes to college in nine years. What will be the value of mats account in nine years with his monthly payments if he is earning 5% (APR), 10% (APR), or 12% (APR)?
The value of Matt's account in nine years with his monthly payments would be approximately
$2,710.98 at 5% APR (Annual percentage rate)
$3,190.61 at 10% APR, and
$3,439.64 at 12% APR.
To calculate the future value of Matt's account after nine years with monthly payments and different annual percentage rates (APRs), we can use the formula for the future value of a series of monthly payments:
Future Value = Monthly Payment * [(1 + Monthly Interest Rate)^(Number of Payments) - 1] / Monthly Interest Rate
First, we need to convert the annual interest rate to a monthly interest rate:
Monthly Interest Rate = Annual Interest Rate / 12
Let's calculate the future value for each APR:
5% (APR):
Monthly Interest Rate = 5% / 12 = 0.4167%
Number of Payments = 9 * 12 = 108
Future Value = $19 * [(1 + 0.004167)^(108) - 1] / 0.004167 ≈ $2,710.98
10% (APR):
Monthly Interest Rate = 10% / 12 = 0.8333%
Number of Payments = 9 * 12 = 108
Future Value = $19 * [(1 + 0.008333)^(108) - 1] / 0.008333 ≈ $3,190.61
12% (APR):
Monthly Interest Rate = 12% / 12 = 1%
Number of Payments = 9 * 12 = 108
Future Value = $19 * [(1 + 0.01)^(108) - 1] / 0.01 ≈ $3,439.64
Therefore, the value of Matt's account in nine years with his monthly payments would be approximately $2,710.98 at 5% APR, $3,190.61 at 10% APR, and $3,439.64 at 12% APR.
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What is the role that automation plays in conducting marketing
research? and what are the pros and cons
Automation plays a significant role in conducting marketing research by streamlining and enhancing various aspects of the research process.
The main advantage of automation is its ability to collect, analyze, and interpret large volumes of data quickly and efficiently. It eliminates manual tasks, reduces human error, and enables marketers to gain valuable insights in a shorter timeframe. Automation tools can be used for data collection through online surveys, social media monitoring, web scraping, and other methods. They can also automate data analysis, such as statistical analysis and text mining, allowing marketers to uncover patterns, trends, and consumer preferences more effectively.
However, there are some potential drawbacks to consider. First, automation relies heavily on data accuracy and quality. If the input data is flawed or biased, the automated analysis may produce misleading results. Additionally, automation may lack the human touch and intuition required for interpreting complex data or identifying nuanced insights. It is important to strike a balance between automation and human expertise to ensure accurate and meaningful findings. Furthermore, there may be a learning curve and initial investment required to implement and maintain automated systems.
In conclusion, automation in marketing research offers significant advantages in terms of efficiency, scalability, and data analysis capabilities. It can accelerate the research process and provide valuable insights for informed decision-making. However, it is crucial to consider the limitations and potential pitfalls associated with automation and maintain a balanced approach that combines automation with human expertise to ensure accurate and meaningful results.
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meta-analysis is a research technique that is used with the sole intent of discounting the insights of dozens or hundreds of experts in order to disqualify their research and reveal their biases.
No, that statement is incorrect. Meta-analysis is a research technique used to combine and analyze the results of multiple studies on a particular topic to draw more robust conclusions.
It aims to synthesize existing evidence by pooling data from various sources and identifying patterns or trends. It does not have the sole intent of discounting expert insights or revealing biases. Instead, meta-analysis provides a quantitative approach to summarize and evaluate the overall findings of multiple studies, increasing the statistical power and generalizability of the conclusions reached. It is a valuable tool in evidence-based research and decision-making processes.
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