From their financial records, Fieldman Corporation discovered the following data: Sales of $19,000 $12,000 worth of first completed products inventory, Inventory of finished items of $8000 $9,00 in costs of goods sold The Cost of Goods Manufactured at that time was $5,000.
The cost required to convert raw materials inventory into finished goods inventory during a predetermined time period is referred to in accounting as the Cost of Goods Manufactured (COGM).
You must include your direct materials, direct labor, and manufacturing overhead to determine the cost of items created in order to get the entire manufacturing cost for your company.
Particulars Amount($)
Cost of Goods Sold 9000
Add: Ending Finished Goods inventory 8000
Less: Beginning Finished Goods inventory 12000
Cost Of Goods Manufactured 5000
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A firm has a cash conversion cycle of 60 days. Annual outlays are $12 million and the cost of financing is 12 percent. If the firm reduces its average age of inventory by 10 days, the annual savings is ________. (Assume a 365-day year.) A. $28,800 B. $39,452 C. $39,452 D. $14,000
The annual savings of the firm will be $39,452
How to calculate annual savings?Cash conversion cycle = 60 days
Annual outlays = $12 million
Cost of financing = 12%
Firm reduces average age of inventory by 10 days,
Annual savings can be calculated by the formula given below:
Annual savings = Annual outlay x Cost of financing x [tex]\frac{Average inventory period}{No. of days in a year}[/tex]
= $ 12, 000, 000 x 12% x [tex]\frac{10}{365}[/tex]
= $ 39, 452 (approximately).
Therefore, the annual savings of the firm will be $39,452.
What are annual outlay, cost of financing, cash conversion cycle and average age of inventory?Annual outlay includes all yearly maintenance, operation, and depreciation costs, as well as necessary depreciation costs other than capital cost instalments, incurred in connection with regulating or storage works, plus interest on the capital cost.The financing cost (FC), also referred to as the cost of finances (COF), is the cost of borrowing money to construct or purchase assets, including interest and other charges. This can include the cost of financing a mortgage on a home, financing a car loan via a bank, or financing a student loan.Cash conversion cycle is the time it takes for a business to convert its inventory investments into cash.The average age of inventory is the number of days it takes a company to sell off its inventory (60 to 90 days is good).
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the cumulative effect of a change in accounting principle should be recorded as an adjustment to retained earnings, when the change is: cash basis of accounting for vacation pay to the accrual basis. straight-line method of depreciation for previously recorded assets to the double-declining-balance method. longer useful life of equipment to shorter useful life. completed-contract method of accounting for long-term construction-type contracts to the percentage-of-completion method.
The cumulative effect of a change in accounting principle should be recorded as an adjustment to retained earnings, when the change is completed-contract method of accounting for long-term construction-type contracts to the percentage-of-completion method.
The accounting principle is the principle of finance which refers to rules and guidelines which is followed by the firms for the reporting financial statements. It is also refers to the generally accepted accounting principle through the United State securities.
The accounting principle rules makes the work easy for the company to examine finance data.
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flashpoint securities, inc., (fsi) is a registered broker-dealer with the state. if a violation of the uniform securities act occurred, fsi would most
A senior office of FSI whose brother-in-law was just convicted of securities fraud.
Broker-dealers are in charge of monitoring the operations of all employees, registered and unregistered. The financial planner would need to register with FSI as an agent in order to be eligible to receive commissions on those securities trades.
However, unless we are informed that the employee was somehow involved, FSI cannot be held responsible for the deeds of a family member of one of its workers.
The Uniform Securities Act (USA) was created as a model law to help each state create its own state securities law. The National Conference of Commissioners on Uniform State Laws developed it (NCCUSL).
The U.S. Securities and Exchange Commission's enforcement and regulation efforts are supplemented by the Uniform Securities Act, which offers model laws that states might adopt to address securities fraud at the state level (SEC).
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Correct question:
Flashpoint Securities, Inc., (FSI) is a registered broker-dealer with the state. If a violation of the Uniform Securities Act occurred, FSI would most likely NOT be held liable for failure to supervise which of the following?
FILL IN THE BLANK fantasy inc., a leading brand of apparel, has stores all over the country. the company's market research shows that teenagers do not choose their brand as often as older age groups. therefore, the company modifies some of its existing designs to attract teens. in this case, the teenage group can be referred to as a _________
Based on this case, the teenage group can be referred to as a subculture.
Subculture is defined as a distinct group of people that exists as an identifiable segment within a larger society. Such as, on the basis of age factors, older age people can be classified into one group presenting a subculture, and teenagers are classified into another group presenting another subculture.
According to the scenario given where a leading brand of apparel name Fantasy inc. has outlets all over the country. The company's market research reveals that teenagers do not prefer to choose their brand as often as older age groups. Thus, the company modifies some of its existing designs to attract teenagers. In this scenario, teenagers are said to be a subculture.
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When setting up the Account and Settings for billable expenses which option below would credit the full amount of a billable expense to the original account debited when the expense was created? Select one: Bills and expenses Show Itemstable on expense and purchase forms BK Track expenses and items by customer Make expenses and items billable Markup with a defauit rate of 10.0 %6 Track billable expenses and items as income a Bulls and expenses On Show Itemstable on expense and purchase forms On Track expenses and items by customer Make expenses and items billable 0 Default bill payment terms OH
An expense such as a bill, check, or expense can be marked as billable. When a transaction of expenses is saved, the expenses get recorded with a non-posting transaction called billable expense. To activate these options under the "Show items table on expense and purchase forms" tab following tabs should be turned on
"Track expenses and items by customer"
"Make expenses and items billable"
"Markup with a default rate of a certain percentage"
Detailed reporting and tracking expenses in more than one account can be done by turning on the "Track Billable expense and items as income" and ticking the box "in multiple accounts".
It will credit the full amount of a billable expense to the original account debited when the expense was created and it can be seen in the income statement in the respective account.
Living expenses are expenditures essential for basic daily residing and maintaining good health. They consist of the primary categories of housing, meals, apparel, healthcare, and transportation. expertise what is involved in each of those areas will assist you with finances for them.
They may be costs incurred from borrowing from creditors or creditors. they're costs outside the employer's core commercial enterprise. Examples encompass loan origination prices and hobby on money borrowed.
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included among the proposals suggested by the french economists who devised the decroissance strategy is/are (mark all correct answers):
Reduce work hours in line with improvements in labor productivity and in dealing with macroeconomic instability, adjust work hours for all rather than letting some workers become unemployed.
The economist:A specialist in economics examines the connection here between society's resources as well as its output or production. Economists research a variety of social systems, including local communities, entire countries, as well as the global economy.
What do economists actually do?The manufacture and distribution of goods, resources, and services are studied by economists through data collection and analysis, trend research, and evaluation of economic concerns. Even though it is a social science, economics may be just as demanding and tough as any other more difficult academic topic, such as arithmetic, chemistry, etc.
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baldwin currently has $20,201 (000) in cash and management has decided to issue stocks and bonds worth an additional $8,000 (000). assuming that cash from operations will be the same for each of the following activities, which activity exposes this company to the most risk of being issued an emergency loan?
a) A $5 dividend
b) Liquidate the entire inventory
c) Retiring the oldest bond
d) Purchasing $18,000 (000) worth of plant and equipment
The correct option is d) Purchasing $18,000 (000) worth of plant and equipment.
Purchasing $18,000 (000) worth of plant and equipment exposes Baldwin to the most risk of being issued an emergency loan as this activity requires the largest outlay of cash. This large expenditure of cash could put Baldwin in a precarious financial position, leaving it short of capital and in need of an emergency loan to fulfil its financial obligations.
Capital is a broad term that can describe anything that confers value or benefit to its owners, such as a factory and its machinery, intellectual property like patents, or the financial assets of a business or an individual.
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using the model of supply and demand, consider the market for navel oranges. illustrate the impacts on the market for navel oranges if (i) the price of cuties (a type of mandarin oranges) falls while (ii) changes to the clean water act mean that citrus farmers have to adopt new expensive farming practices to avoid nutrient runoff harming the environment. explain the changes to the navel orange market, drawing conclusions about expected changes to the market price and quantity for navel oranges
The supply of navel oranges would decrease and therefore the demand would stay unchanged, leading to a better market equilibrium value and a lower market equilibrium amount.
The model of supply and demand is a partial equilibrium model of economic equilibrium, wherever the clearance on the market of some specific merchandise is obtained severally from costs and quantities in alternative markets.
A market is a place wherever patrons and sellers will meet to facilitate the exchange or group action of products and services. Markets are often physical sort of a retail outlet, or virtual like an e-retailer. If something comes onto the market, it becomes accessible for individuals to shop for.
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The Articles of Incorporation for ABC Corporation specifically forbids the corporation from making personal loans to its officers or directors. Despite this, the board approved a personal loan to the President of the corporation. This action by the board is ______________.ultra vires
Despite this, the board gave the corporation's president permission to take out a personal loan. This action by the board is ultra vires.
When a business borrows money outside of what the Companies Act, its memorandum, and its articles permit it to do, it is said to be engaging in extra vires borrowing.
The contract is void if the money was borrowed from the business and the loan is ultra-vires. Although no lawsuit may be started, the business can still use the legal system to get its money returned. In fact, despite the fact that the borrower has committed to pay back the money, they cannot refuse since it was not authorized.
According to the Doctrine of Ultra Vires, any action taken or agreement reached by a company that exceeds the authority of the directors and the company is entirely null and invalid and, as a result, is not enforceable by the company.
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harold had been asked to serve on the board of a major pharmaceutical firm. he reluctantly declined, citing the firm's lack of liability coverage for outside members of the board of directors. harold's decision indicates that he
For eight years, Harold Wilson served as prime minister of the United Kingdom. Wilson's first administration ran from 16 October 1964 to 19 June 1970.
His second administration began on 4 March 1974 and concluded with his resignation on 5 April 1976.
Wilson ruled over the opulent Swinging Sixties, whose economy was mostly prosperous but beset by underlying issues that he would have to deal with as Prime Minister.
Wilson's Labour administration from 1964 to 1970 is most remembered for the Devaluation Crisis of 1967 and the social reform laws that were enacted during that time.
Renegotiating the terms of Britain's entrance into the EEC was one of his major accomplishments during the Wilson governments of 1974–1976.
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power elite theory and marxism share lots of assumptions in understanding group politics. which of the following statements is one of them?
According to Mills, the eponymous "power elite theory" are those that occupy the dominant positions, in the three pillar institutions (state security, economic and political) of a dominant country.
power elite are the ones institution of effective those who are in control of a large a part of society and the world. C. Wright mills believed that this institution of human beings use the government to propagate their very own formulated social rules on the way to permit them to live in electricity and preserve their very own wealth. In my knowledge, this organization of people are folks who manipulate an awful lot of the world’s sources, as they have been doing so inside the past decades thru their ancestors. these institution of humans most effective consider themselves, ignoring the consequences that their actions may deliver into society.
Democratic elitism accepts the main premise of elite theory: 'no societies are ruled by means of the humans, via a majority; all societies, which includes societies called democratic, are ruled via a minority' (Burnham 1943, p. 184).
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when a company coordinates its many communication tools in order to deliver a consistent message about the organization and its products, it is adopting the concept of: group of answer choices integrated competitive method functional promotional forecasting integrated marketing communications buzz marketing nonpersonal communication channel
The correct option is Integrated Marketing Communications. It defines IMC as “a coming up with method designed to assure that each one whole contacts received by a client or prospect for a product, service, or organization relevant thereto person and consistent over time.”
Another nice example of Integrated Marketing Communications is Coke's 'share a coke with' campaign, that used unified electronic messaging across TV, Social, outside and show resulting in a seven-membered uplift in Coke consumption by the target demographic, creating it one among the foremost self-made Coke campaigns in history.
Integrated selling communications (IMC) is each a theory and a group of business practices that facilitate consistent electronic messaging across channels and turn out a unified whole expertise for purchasers. This foundational selling conception applies not solely to advertising however to any or all kinds of a business's communication.
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The overall average on a process you are attempting to monitor is 60.0 units. The process population standard deviation is 1.72. Sample size is given to be 16.a) Determine the 3-sigma x-chart control limits. Upper Control Limit (UCLİ)- units (round your response to two decimal places Lower Control Limit (LCL)units (round your response to two decimal places)b) Now determine the 2-sigma x-chart control limits. Upper Control Limit (UCLİ- units (round your response to two decimal places) Lower Control Limit LCLİ)- units round your response to two decimal places ). How do the control limits change?
A target, upper and lower control limits, and a Shewhart chart are its distinguishing features (UCL and LCL). These action caps are established in order that
X = 55 n= 16 σ = 1.72
Upper Control Limit: X + 3 n + 3 frac
The process population standard deviation is 1.72. 16 people are listed as the sample size. The 3-sigma x chart control boundaries should be determined. Round your answer The process population standard deviation is 1.72. A 16-person sample size is specified. a) Establish the 3-sigma control boundaries for the x-chart. The standard deviation for the process population is 1.78. Determine the 3-sigma x bar chart control boundaries. Sample size is indicated to be. things with control charts. In addition to variation in the actual units themselves, the measure- ment method provides further variation into our data on
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Identify which option in each of the following groups is punctuated correctly.
The following companies will be going out of business: HiTech, CyberSafe, and CalKey.
The following companies will be going out of business; HiTech, CyberSafe, and CalKey.
The following companies will be going out of business, HiTech, CyberSafe, and CalKey.The following companies will be going out of business: HiTech, CyberSafe, and CalKey.
"The following companies will be going out of business: HiTech, CyberSafe, and CalKey" is the correctly punctuated.
Punctuation is the use of white space, traditional signals, and specific typographical elements to help readers understand and interpret written material correctly, whether they are reading it quietly or loudly. Each sentence must begin with a capital letter and conclude with a full stop, an exclamation point, or a question mark. The statement is full according to this simple method.Punctuation in written English is essential for clarifying sentence meaning. For instance, the phrases "woman, without her man, is nothing" (emphasizing the value of men to women) and "woman: without her, man is nothing" (emphasizing the value of women to men), as well as "eats shoots and leaves" (in which the subject consumes plant growths) and "eats, shoots and leaves," have very different meanings.Thus the correct answer is Option A.
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describe in detail how you, as a supply chain manager, could apply the specific elements in the logistics management process to help a manufacturer of lawn mowing equipment achieve the desired levels of delivered service and quality at the lowest possible cost.
The administration of a product's whole production process is known as supply chain management.
The efficiency and efficacy of a company's supply chain and logistics operations are improved by good logistics management. With the aid of information technology and communication systems, effective logistics management results in a decrease in the amount of time needed to complete each step of a production process.
The supply chain manager plans, coordinates, and controls all logistics related to the manufacture and delivery of a company's goods. Supply chain managers are in charge of a product's complete life cycle, according to the BLS.
The planning, sourcing, production, and delivery of goods, as well as the handling of returns, are all covered by supply chain management. Logistics is concerned with getting the appropriate goods to the right place at the right time.
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If average demand for an item is 20 units per day, safety stock is 50 units, and lead time is four days, the ROP will be:
a. 20
b. 50
c. 80
d. 130
If average demand for an item is 20 units per day, safety stock is 50 units, and lead time is four days.The correct option is 130.
The proportion of total kilowatt-hours consumed to total hours in the month is the average demand.Add up all of your time period's sales volume, then divide it by the number of buying days to get the average demand.Maximum Demand refers to a customer's highest demand during a given period.Calculating the Reorder Point using the provided date:(Average demand*Lead time) + Safety stock = Reorder Point
Point of Reorder: (20*4) + 50
Point of Reorder = 80 + 5O
Order Point 130 again
The ROP is thus 130.
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a decrease in the required reserve ratio will cause total reserves in banks, the money multiplier, and the money supply to change in which of the following ways?
A decrease in the reserve ratio will increase the size of the monetary multiplier and increase the excess reserves held by commercial banks, thus causing the money supply to increase.
When the Federal Reserve lowers the reserve ratio, it reduces the amount of cash banks must hold in reserve, allowing them to make more loans to consumers and businesses.This increases the nation's money supply and expands the economy.The size of the multiplier depends on the percentage of deposits that banks must hold as reserves.When the reserve requirement decreases, the money supply reserve multiplier increases,and vice versa.The higher the reserve ratio, the smaller the multiplier,and therefore the smaller the increase in money supply.The bank's reserve requirement ratio determines how much money is available to lend and therefore the amount of these deposits created.The deposit multiplier is then the ratio between the amount of demand deposits and the amount of the reserve.The deposit multiplier is the inverse of the legal reserve ratio.
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Which of the following comparisons is correct regarding the marginal rate of substitution (MRS) of donuts for cake? a. The MRS is greater between bundles B and C than between bundles A and B. b. The MRS is greater between bundles E and B than between bundles B and D. c. The MRS is greater between bundles A and B than between bundles B and C. d. The MRS is the same between bundles A and B and bundles B and C because all three bundles lie on the same indifference curve.
The MRS is greater between bundles A and B than between bundles B and C.
Option D is correct .
The marginal rate of substitution (MRS) in economics refers to the amount of a thing that a consumer is willing to purchase in comparison to another good, assuming that the new item is equally satisfying. MRS is used by the indifference theory to analyze consumer behavior.
The ratio of the marginal utilities with a minus sign is the marginal rate of substitution. The ratio, which reflects the rate at which a customer is willing to substitute between the two commodities, therefore has behavioral content even though marginal utilities do not.
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The correct question is :
Which of the following comparisons is correct regarding the marginal rate of substitution (MRS) of donuts for cake?
a. The MRS is the same between bundles A and B and bundles B and C because all three bundles lie on the same indifference curve.
b. The MRS is greater between bundles E and B than between bundles B and D.
c. The MRS is greater between bundles B and C than between bundles A and B.
d. The MRS is greater between bundles A and B than between bundles B and C.
Compute the earnings per share of common stock for 2018 and 2017.Begin by selecting the formula to compute the earnings per share of common stock.
The earnings per share of common stock for 2018 and 2017. Earning per share -
For 2018 = $0.49
For 2017 = $0.38
Earning Per Share = (Net Income - Preferred Dividends) / Weighted Average Number of Common Shares Outstanding
For 2018 -
Net Income = $66,000
Preferred Dividend = Preferred Stock at the end of 2018 * Preferred Dividend Rate
= $102,000 * 4%
= $4,080
Weighted Average Number of Common Shares Outstanding = (Common Shares Outstanding at the end of 2017 + Common Shares Outstanding at the end of 2018) / 2
= (119,000 + 133,000) / 2
= 252,000 / 2
= 126,000
Therefore,
Earning Per Share = ($66,000 - $4,080) / 126,000
= $61,920 / 126,000
= $0.49142857142
= $0.49 (rounded off to two decimal places)
For 2017 -
Net Income = $43,000 (Given)
Preferred Dividend = Preferred Stock at the end of 2017 * Preferred Dividend Rate
= $102,000 * 4%
= $4,080
Weighted Average Number of Common Shares Outstanding = (Common Shares Outstanding at the end of 2016 + Common Shares Outstanding at the end of 2017) / 2
= (88,000 + 119,000) / 2
= 207,000 / 2
= 103,500
Therefore,
Earning Per Share = ($43,000 - $4,080) / 103,500
= $38,920 / 103,500
= $0.37603864734
= $0.38 (rounded off to two decimal places).
In finance, stock consists of all the shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares.
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riley pays state bank $500 plus a service fee to draw a check on itself payable to torque plumbing. the party that is responsible for paying the check is
The party that is responsible for paying the check is the State Bank
A financial organization known as a state bank can be described as one that the state has incorporated primarily to offer commercial banking services. As per the information given, Riley paid State Bank $500 plus a service fee to draw a check on itself, which suggests that State Bank is the party responsible for issuing the check. It is likely that State Bank is acting as an intermediary between Riley and Torque Plumbing.
When Riley pays State Bank to draw a check on itself, the bank essentially agrees to pay the plumbing amount specified on the check out of its own funds. Once the check is issued, State Bank is responsible for ensuring that the funds are transferred to Torque Plumbing in a timely manner.
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for the year ended december 31, a company had services revenue of $196,000 and wages expense of $117,600. dividends of $39,200 were paid during the year. which of the following entries could not be a closing entry? debit income summary $78,400; credit retained earnings $78,400. debit retained earnings $39,200; credit dividends $39,200. debit income summary $117,600; credit wages expense $117,600. debit services revenue $196,000; credit income summary $196,000. debit income summary $196,000; credit services revenue $196,000.
The fourth entry listed, "debit income summary $196,000; credit services revenue $196,000", could not be a closing entry. Closing entries are used to transfer the balances from temporary accounts (income summary, dividends, etc.) to permanent accounts (retained earnings).
All the other entries listed are closing entries. The first entry listed, "debit income summary $78,400; credit retained earnings $78,400" is transferring the net income (196,000 - 117,600 = 78,400) to retained earnings. The second entry listed, "debit retained earnings $39,200; credit dividends $39,200" is transferring the amount paid out in dividends to retained earnings. The third entry listed, "debit income summary $117,600; credit wages expense $117,600" is transferring the amount paid out in wages to retained earnings.
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A similar survey of the student population 10 years ago found that a coffee shop was preferred by 20% of the students, and pizza and hamburger were each preferred by 40% of the students. Do the data indicate a significant change in preferences during the past 10 years (10 points total)? HINT: Notice that now you are given 'p', which you can use to calculate your expected frequencies. State the null hypothesis (2 points): Expected frequencies; ROUND TO THE NEAREST WHOLE NUMBER (2 points) Coffee: Pizza: Hamburger: Chi-squared value (2 points): df: Critical Chi-squared value (2 points): Are there significant preferences (i.e., should you reject the null)? (2 points): 3
The null hypothesis is that the preferences of the student population has not changed over the past 10 years. Expected frequencies would be 20% for coffee, 40% for pizza, and 40% for hamburger. The chi-squared value is 8.33, with 2 degrees of freedom.
The critical chi-squared value at the 0.05 level of significance is 5.99. Since the chi-squared value of 8.33 is greater than the critical chi-squared value of 5.99, we can reject the null hypothesis and conclude that there has been a significant change in preferences during the past 10 years. This conclusion can be supported by the fact that the percentage of students preferring coffee has increased by 10% over the past 10 years, while the percentages of students preferring pizza and hamburgers have both decreased by 10%.
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dr. j., owner of choco-o-rama, asks three of his employees to stay after they close for the day to set up the holiday display of truffles. dr. j is exercising which of the following powers?
Dr. J is exercising the power of Direction in management.
The power of direction in management is the ability of an executive or manager to influence the activities of their subordinates in order to achieve organizational objectives. This power is often derived from their authority and the organizational structure. The power of direction is typically exercised through setting goals, providing resources, and creating an environment that encourages employees to work towards the desired outcomes. It can also involve making decisions, delegating tasks, and providing feedback and guidance. Ultimately, the power of direction is about setting a vision and providing the resources and guidance necessary for it to be achieved.
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in a/an , there are only a few sellers, selling relatively undifferentiated products. in a/an , there are only a few sellers, selling relatively undifferentiated products.
In a/an oligopoly, there are only a few sellers, selling relatively undifferentiated products.
A market structure known as an oligopoly occurs when a few large sellers or manufacturers control a sizable portion of a market or an entire sector. Oligopolies frequently arise from the goal to maximize profits, which can result in corporate collaboration.
As a result, there is less competition, higher consumer prices, and lower employee compensation. The majority of oligopolies are found in markets where consumers primarily benefit from relatively undifferentiated commodities. Collaboration is the main cause of oligopolies. Collaboration on a set price is more advantageous to businesses economically than trying to outbid rivals.
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FILL IN THE BLANK. ____ is the extent to which workers in an organization specialize as opposed to performing a variety of tasks as generalists.
(A) Segregation
(B) Departmentalization
(C) Differentiation
(D) Administrative component
(E) Division of labor
Departmentalization workers in an organization specialize as opposed to performing a variety of tasks as generalists.
What makes departmentalization crucial?
Every organization should have departments because it promotes specialisation, growth and expansion, responsibility clarification, improved customer service, performance evaluation, management development, resource optimization, and improved control.
What is the principle of departmentalization?
An organization can be divided into distinct departments, each of which is responsible for carrying out certain responsibilities in line with its area of expertise. Departmentalization within organizations is possible along organizational, regional, product, and customer/market divisions.
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n a budget, a(n) occurs when the actual amount of an expenditure is less than the budgeted amount
In a budget, a favorable variance occurs when the actual amount of an expenditure is less than the budgeted amount.
A favorable variance in a budget appears when the cost to produce a good or service is less than the budgeted cost, meaning that a business is generating more profit than originally anticipated. Favorable variances could occur because of cheaper material costs, increased efficiencies in manufacturing, or increased sales.
So it is stated as when actual expenditure is less than budget, it causes to occur a favorable variance.
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When the price of X is $80, the price of Y is S20, and the consumer's income is $160, the consumer's optimal choice is D. Then the price of X decreases to $20. The demand curve can be illustrated as the movement from O D to E O D to C O C to E O E to D
Based on the subtitution effect, when the price of X decreases to $20, the demand curve will be moved from point D to E (A).
Subtitution effect occurs when a fluctuation in sales for a product can be attributed to consumers decision to switching to other alternative when its price changes. Subtitution effect shows the change in demand for a product as a result of a change in the relative price of the product compared to that of other subtitute products.
Let's refer to the graph attached below.
The initial budgetary constraint before the price of X decereases is:
If the consumer buys only product X, hence:
ax + by = 160
($80)x + 0 = 160
80x = 160
x = 2
if the consumer buys only product Y, hence:
ax + by = 160
0 + ($20)y = 160
y = 8
The initial budget constraint equation is y = -4x + 4. The point lies within this line is point D (1,4).
Now, we should redefine the new budget constraint after the price of X is changed:
If the consumer buys only product X, hence:
ax + by = 160
($20)x + 0 = 160
20x = 160
x = 8
if the consumer buys only product Y, hence:
ax + by = 160
0 + ($20)y = 160
y = 8
The new budget line should have equation of: y = -x + 8 ... (ii)
Now, we have to try the find point since the price of X has changed to $20. However, the consumer's income remains the same. We assume the point for this case as point P.
P = ax + by = 160
P = ($20)x + ($20)4 = 160
P = 20x + 80 = 160
x = 4 --> point P = (4,4) ... (iii)
Now, let's verify that point P lies within the new budget constraint:
y = -x + 8
y + x = 8
(4,4) --> 4 + 4 = 8 -- proven!
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the most important function of the federal reserve system is carrying out policy. fiscal tax monetary spending inflationary
The most important function of the Federal Reserve System is conducting the nation's monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices.
Give a brief account on monetary policy.The goal of monetary policy is to ensure price stability and public confidence in the strength and stability of the country's currency. It is the strategy used by the monetary authority of a country to control either the interest rate payable for very short-term borrowing (banks borrowing from one another to meet their short-term needs) or the money supply.
By modifying interest rates or removing excess reserves, monetary policy can increase the money supply by "printing" more money or reduce it by adjusting reserve requirements. Contrast this with fiscal policy, which uses taxation, government spending, and government borrowing as tools for a government to control economic cycle phenomena like recessions.
The stability of the gross domestic product, achieving and maintaining low unemployment, and maintaining stable exchange rates with foreign currencies are typically additional goals of monetary policy.
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The Lashgari Company is expected to pay a dividend of $1 per share at the end of the year, and that dividend is expected to grow at a constant rate of 5% per year in the future. The company's beta is 1.2, the market risk premium is 5%, and the risk-free rate is 3%. What is the company's current stock price?.
The current stock price of the company comes out to be $25.
The term "current price" refers to the price at which a security was most recently sold on an exchange. The current price serves as the starting point for both buyers and sellers. Despite the fact that current pricing is a strong indicator of current value, supply and demand could affect how much the next sale will actually cost.
Given:
D1 = $1
g = 5%
beta = 1.2
Risk free rate = 3%
Market risk premium = 5%
Now,
[tex]r_{s} = r_{p} + MRP * \beta[/tex]
[tex]r_{s} = 3 + 5 * 1.2[/tex]
[tex]r_{s} = 9[/tex] %
Now, value of stock:
[tex]V=\frac{D_{1} }{I-g} =\frac{1}{9-5} =25[/tex]
So, the current value of the stock is $25
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the following segmented bar chart shows the number of flights that were either on time or delayed at three different airports on one day. the figure presents a segmented bar chart. the horizontal axis is labeled airport, and the letters r, s, and t, are indicated. the vertical axis is labeled number of flights, and the numbers 0 through 600, in increments of 100, are indicated. a key shows that each bar has data for number of flights delayed and number of flights on time. the data for each bar are as follows. note that all values are approximate. airport r, 100 flights on time, 50 flights delayed. airport s, 100 flights on time, 100 delayed. airport t, 200 on time, 300 delayed. which of the following statements is supported by the bar chart? responses airport t has the greatest percentage of on-time flights compared to the other two airports. airport t has the greatest percentage of on-time flights compared to the other two airports. airport r has the least percentage of on-time flights compared to the other two airports. airport r has the least percentage of on-time flights compared to the other two airports. the number of on-time flights at airport s is half the number of on-time flights at airport t. the number of on-time flights at airport s is half the number of on-time flights at airport t. the number of on-time flights at airport r is less than the number of on-time flights at airport s. the number of on-time flights at airport r is less than the number of on-time flights at airport s. the number of flights at airport t is equal to the total number of flights at airports r and s combined.
Airport T had 200 on-time flights, compared to 100 at Airport S. Airport S has half as many on-time flights than Airport T does since 100 is half of 200.
Which of the following numbers best captures the expected change in tree height for each meter increase in diameter?The slope of the model has a value of 30, which indicates the expected change in height for each doubling of diameter by a meter.
Which of the following best illustrates the causal connection between two variables?The best method for proving that two variables are causally related is to utilize a controlled study. In a controlled study, the sample or population is divided into two groups that are nearly identical in every respect.
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