Each bidder should place an offer based on their truthful assessment of the good in a sealed-bid 2nd auction with ongoing bidding for an unique, indivisible good.
What happens during a second-price auction?The top bidder still receives the ad impression in a two - thirds auction model, but not at the expense of the opening bid in real-time bidding. The ultimate price is typically less than the highest bid because the highest bidder only pays the sum that the third bid offered plus $0.01.
Efficacy of second price auction.Vickrey demonstrated that a second-price bid (see Section 2) is an effective method if a seller does have a single separable good for sale; the winner is indeed the buyer whose
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which of the following statements about the correlation coefficient is false? group of answer choices the value ranges between -1 and 1. a value of 1 implies that the returns for the two stocks move together in a completely linear manner. a value of -1 implies that the returns move in a completely opposite direction. a value of 0 implies that the returns are independent. none of the above (that is, all statements are true)
The statements about the correlation coefficient which is false is A value of zero means that the returns are independent.
A correlation coefficient is a numerical live of some form of correlation, that means a applied math relationship between 2 variables. The variables could also be 2 columns of a given information set of observations, usually known as a sample, or 2 parts of a variable chance variable with a proverbial distribution.
A correlation coefficient is bigger than zero indicates a positive relationship whereas a worth but zero signifies a negative relationship. A value of zero indicates no relationship between the 2 variables being compared. It whereas means that the returns are dependent.
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Advertising Media Alternatives When developing the advertising program, firms must choose between the various forms of media available. Each of the eight common media types has distinct advantages and disadvantages associated with it. Students will identify a strength and weakness for five of the most commonly utilized media types. In deciding where to place advertisements, a company has several media types to choose from and a number of alternatives, or vehicles within each medium. Often advertisers use a mix of media forms and vehicles to maximize the exposure of the message to the target audience while minimizing the costs. To make optimal decisions on media choices, firms must be aware of the types of media available to them as well as understand each medium's strengths and weaknesses. Roll over each item to read the hint. Drag and drop each of the advantages and disadvantages to the appropriate media type, then drag and drop an example of each media type onto the appropriate category. Answers and Descriptions to fill in the blanks. Low cost, local targets Low cost, uses sound, ability to target local audiences Long lead time high cost Long lead time to prepare ad. relatively high cost High cost, low exposure High cost to prepare ads, very short exposure time Lacks visual Lacking visual element, short exposure time Miller Lite Polo Ralph Lauren Credit card offers Running a 30-second advertisement for Miller Lite beer during Sunday Night Football costing nearly $340.000 During his commute on the New York City subway this morning, Samuel noticed an ad for Polo Ralph Lauren cologne inside the subway car. Each day. Sarah receives 3 to 5 credit card solicitation letters in her mailbox. Superior targeting Negative perception High quality color ad. superior targeting ability, can convey complex messages with detail High cost per contact, negative public perception Little targeting Message must be very short/simple, little targeting, traffic hazard Large audience Reaches large audiences using picture, print, sound, and motion Can be personalized Wendy's High selectivity of audience, can be personalized, high quality graphics While driving to campus this morning. Kelly hears a commercial for Wendy's. High visibility Low cost, high visibility, many repeat exposures
The table below represents a summary of the advantages and disadvantages of each medium.
Advantage Disadvantages
Television Advertising Large Audience High Cost,
low exposure
Radio Advertising Low cost, Lacks Visual
local targets
Magazine Superior Targeting Long lead time
Advertising ,high cost
Outdoor Advertising High Visibility Little targeting
Direct Mall Can be Negative perception
personalized
There are different communication channels in advertising such as television, newspapers, radio, direct mail, magazines, yellow pages, online, and offline.
Among the many methods available, marketers are working on choosing the best medium for their marketing, trying to maximize growth while staying within the limits of their budget. The choice of media is not an easy decision and depends on many factors:
Media trends of the target audience: Where the target audience goes and what activities and media they use are the most important factors in choosing the right media.Product characteristics: In some products product characteristics dictate media selection. For example if visual design and colors are the main product features, radio cannot be used as a medium. If the product is complex in nature and requires complex information, advertisements on television or radio will not be suitable because of the short time available. In such cases, magazines will be more appropriate. Details can be placed on the ads and the reader can take the time to read even the video and save the instructions.Cost: Using more than one medium is possible, however, cost is an important consideration. Companies are encouraged to reduce costs since costs reduce profits. Marketers work with a limited budget which makes their job more challenging in choosing the best medium.Examples:
Television Advertising-Miller Lite
Radio Advertising - Wendy's
Magazine Advertising- Nike AirMAX
Outdoor Advertising -Polo Ralph Lauren
Direct Mall -Credit card offers
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in guadeloupe and martinique, the use of pesticide chlordecone on banana plantations led to devastation of fishing communities downstream. which of the following statements is correct? clean water is a right for the fishing community. the use of pesticide is a right for the banana producers. the problem arises when actors take into account the costs their decisions impose on others. this is an example of a social dilemma.
In Guadeloupe and Martinique, the use of pesticide chlordecone on banana plantations led to devastation of fishing communities downstream. The statement which is correct is that, this was an example of a social dilemma.
Martinique is considered to be an island that is largely made up of mountains and is generally one large piece of land. Additionally, Guadeloupe has a little more variety. With reality, it is made up of two larger areas.
Here, the unregulated pursuit of self-interest is said to lead to outcomes that are Pareto inefficient, compared to the outcome when individuals take into account the effect of their decision.
Hence, it is an example of a social dilemma.
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The ending raw materials and finished goods inventories at December 31,2021 , follow the same percentage relationships to production and sales that occur 2022. Three pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost
$4
per pound. Prepare a production budget by quarters for the 6-month period ended June 30,2022 .
Based on production budget, the total production units that Hardon company should produce by June 30, 2021 are 34,500 units and total raw material cost is $147,360.
Production BudgetTo construct a production budget, we need to use budgeted sales unit data as our base. After knowing the relationship between the sales units and ending finished goods inventory, we could find the units to be produced.
Remember that:
Ending finished goods inventory = 25% x Next quarter's sales units
Beginning FG inventory = Previous quarter's ending finished goods inventory
Hence, the production budget for Hardon company is:
Dec, 2021 Q1 Q2 Q3
Sales units 5,000 6,000 7,000
End FG 1,250 1,500 1,750
Beg FG - 1,250 1,500 1,750
Production 5,250 6,250 7,200
Direct Materials BudgetAfter finding the production budget for 3 quarters, we could build our direct materials budget using the information of raw materials required to produce one unit of the product.
Remember that:
RM needed = 3 x production units
Q1 Q2 Q3
Production 5,250 6,250 7,200
RM needed 15,750 18,750 21,600
End RM 7,500 8,640
Beg RM 6,300 7,500 8,640
Purchase RM 16,950 19,890
RM costs $67,800 $79,560
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Complete Question:
On January 1m 2022, the Hardon Company budget committee has reached agreement on the following data for the 6 months ending June 30,2022.
Sales units: First quarter 5,000 second quarter 6,000, third quarter 7,000
Ending raw materials inventory: 40% of the next quarter's production requirements
Ending finished goods inventory: 25% of the next quarter's expected sales units.
Third-quarter production: 7,200 units
The ending raw materials and finished goods inventories at December 31,2021 , follow the same percentage relationships to production and sales that occur 2022. Three pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $4 per pound. Prepare a production budget by quarters for the 6-month period ended June 30,2022 .
the difference between the face value of a bond and its selling price when a bond is issued for less than the face value
The difference between the face value of a bond and its selling price when a bond is issued for less than the face value is called bond discount.
The fact that a bond's face value is fixed while its price fluctuates is the key distinction between the two. Up until the bond's maturity, whatever the face value is stays the same. Bond values, on the other hand, are subject to sudden changes.
The bond price might theoretically reach $0 if credit quality dramatically declined. When a business is liquidated, secured bondholders are really paid first, thus some money is typically recovered.
Bond price declines may also result from ongoing interest rate increases. Regarding the maturity timeline, there is finally some positive news. As a bond gets closer to maturity, its price typically approaches its face value, or par value.
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Brandon manages a manufacturing plant that makes automobiles. Brandon is frustrated with the air pollution requirements of the Clean Air Act (CAA) because of the cost associated with meeting those standards. Brandon lobbies his state legislature to pass more lenient emissions standards for their state, and Brandon is joined by several other automobile manufacturers in that effort. In response to the efforts of Brandon and the other automobile manufacturers, the state legislature may: adopt the California standards, which are more lenient than the CAA standards. adopt standards that are more lenient than those contained in the CAA, because each state is allowed to create its own laws. not adopt standards that are more lenient than those contained in the CAA. choose to reject the CAA standards without adopting new standards of their own.
In response to the efforts of Brandon and the other automobile manufacturers, the state legislature may not adopt standards that are more lenient than those contained in the Clean Air Act (CAA).
The major federal law governing air quality in the United States is the Clean Air Act (CAA), which aims to lower and regulate air pollution on a national level. One of the first and most important modern environmental laws in the United States, it was initially passed in 1963 and has subsequently undergone numerous amendments.
The U.S. Environmental Protection Agency (EPA), in collaboration with state, local, and tribal governments, oversees the administration of the Clean Air Act, along with many other significant U.S. federal environmental statutes.
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The view that changes in the money supply are the primary cause of change in real output and the price level is most closely associated with:A) rational expectations theoryB) real business cycle theoryC) mainstream economicsD) monetarism
The reasonable expectancies hypothesis contends that the past has an impact on the future. The theory also contends that individuals often make the right choices because they do so in light of both the facts at hand and their prior experiences.
According to monetarist theory, velocity is typically steady, which suggests that the money supply mostly determines nominal income. Nominal income fluctuations are a result of variations in both inflation and real economic activity (the amount of goods and services sold) (the average price paid for them). According to monetarists, inflation is entirely a monetary phenomena that can only be caused by increasing the money supply faster than the rate of increase in capacity production. The rational expectations theory is predicated on the idea that both the resource market and the market for goods are fiercely competitive. Being motivated by or founded on reasoning is the trait of being rational.
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you are given the following term structure of spot interest rates: term (in years) spot interest rate 1 5.00% 2 5.75% 3 6.25% 4 6.50% a three-year annuity-immediate will be issued a year from now with annual payments of 5000. using the forward rates, calculate the present value of this annuity a year from now.
The present value of this annuity will be 13,152.50485 if you provided the following term structure spot interest rates in a year interest rate available. 1 5.00% 2 5.75% The cost of a three-year annuity is 3, 6,25%, 4,65%.
(1+fn) = (1+sn) n / (1+sn-1) n-1\s(1+f2) = (1+s2) 2 / (1+s1) = 1.05752/1.05 = 1.065053571 ...(1)\s(1+f3) = (1+s3) 3 / (1+s2) 2 = 1.06253/1.05752 = 1.072571034 ...(2)\s(1+f4) = (1+s4) 4 / (1+s3) To maintain such large values, use the store function in Financial Calculator: 3 = 1.0654/1.06253 = 1.07253535.
The annualized PV for the annuity is 5000/(1+f2), 5000/[(1+f2)*(1+f3)], and 5000/[(1+f2)*(1+f3)*(1+f4)].
. ...(4)\s= 5000/(1.065053571) + 5000/[(1.065053571)*(1.072571034 )] + 5000/[(1.065053571)*(1.072571034 )*(1.07253535)]
=13,152.50485
The interest that a lender charges a borrower is calculated as a percentage of the principal, or the amount loaned. The yearly percentage rate used to represent a loan's interest rate (APR).
An interest rate may also apply to earnings from savings or certificate of deposit accounts at a bank or credit union. An annual percentage return is used to determine the interest on these bank accounts (APY).
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the output level for a monopolistically competitive firm is lower than the output level that achieves the minimum average total cost for the firm and, as such:
The output level for a monopolistically competitive firm is lower than the output level that achieves the minimum average total cost for the firm and, as such, is not productively efficient in the long run.
Monopolistic competition occurs when many companies offer similar competing products or services but not perfect substitutes. The barriers to entry into a monopolistic competitive industry are low, hence the decisions of any one firm do not directly affect its competitors. A monopolistically competitive firm is not efficient in the long run because it does not produce at the minimum of its average total cost curve or produce where P = MC. Thus, a monopolistically competitive firm will tend to produce a lower quantity at a higher cost and charge a higher price than a perfectly competitive firm.
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yosemite bike corp. manufactures mountain bikes and distributes them through retail outlets in california, oregon, and washington. yosemite bike has declared the following annual dividends over a six-year period ended december 31 of each year: 20y1, $24,000; 20y2, $10,000; 20y3, $121,000; 20y4, $95,000; 20y5, $120,000; and 20y6, $140,000. during the entire period, the outstanding stock of the company was composed of 25,000 shares of cumulative preferred 2% stock, $90 par, and 100,000 shares of common stock, $4 par.
Average annual equity dividend/share is $0.40 per share.
Annual dividend that should be paid to preferred equity holders = 25,000*2%*90 = 45,000. As total dividend is less than this figure in 2009 and 2010, all of the dividend gets paid to preferred equity holders so that there is zero dividend for common equity holders.
By 2011, there is arrear of (45,000*2-24,000-10,000) = 56,000 towards the preferred holders. Along with the 45,000 for 2011, there is a total payment of 56,000+45,000 = 101,000 towards preferred equity holders. The remaining dividend of 126,000-101,000 = 25,000 is paid towards common holders.
In 2012 to 2014, the preferred holders get the standard 45,000 while the remaining dividends get paid to common equity holders.
The per share dividend is calculated by dividing the dividend paid by the number of outstanding shares - this is 25,000 for preferred shares and 100,000 for common shares.
2. Total preferred dividend paid = 270,000
So average annual preferred dividend/share = 270,000/6/25,000 = $1.80 per share.
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A measurement of cancer is taken in a population of 40,000 individuals. 3,500 individuals are found to be living with cancer for past 6 months and additional 1,200 individuals were recently diagnosed with cancer. What is the the prevalence of cancer in this population?
11.75%
8.75%
3%
1.175%
The prevalence of cancer in a population of 40,000 individuals, which 3,500 individuals are found to be living with cancer for past 6 months and additional 1,200 individuals were recently diagnosed with cancer is 11.75% (the answer is A).
It typically refers to the number of people in a single area, whether it be a city or town, region, country, continent, or the world.
Now, let's calculate the prevalence of cancer in this population.
Given from question
Total population = 40,000
3,500 people are found to be living with cancer for the past 6 months
1,200 additional people recently diagnosed with cancer as well.
Prevalence of cancer = people found in cancer for the past 6 months + new additional people / total population
= 3,500 + 1,200 / 40,000
= 4,700 / 40,000
= 0.1175
= 11.75%
Therefore, the prevalence of cancer in this population is 11,75% and the answer is A.
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the buyer of call option______ the premium initially for the possibility of ____ an asset later for a price below its market price
The buyer of a call option pays the premium initially for the possibility of buying an asset later for a price below its market price.
The term "premium" refers to the option's current market value. It is the cost incurred for the call option's rights. The call buyer forfeits the premium they paid if the underlying asset is worth less at expiration than the strike price. They are not required to pay more for the stock than what the current market price is worth per share. However, if it is higher than the strike price, the buyer can purchase the shares for less than market price and still make a healthy profit.
As a result, unlike other derivatives like futures and forward contracts, which provide investors the right to make a profit on the transaction, options contracts only give them that right.
Thus, the option buyer is not required to purchase the stock at the strike price. They only have the option to do so, at which point they may choose to do so.
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Diamond Threads Alterations received $200 in cash for altering a wedding dress. Which of the following accounts is credited?
Answer:
service revenue
Explanation:
Service revenue is the income a company generates from providing a service. The amount is displayed at the top of an income statement and is added to the revenue from product earnings to show a company's total revenue during a specific time period.
In recent years the cost of producing organic produce in the United States has decreased largely due to technological advancement. At the same time, more and more Americans prefer organic produce over conventional produce.
How will this affect the equilibrium price and equilibrium quantity, that is, do price and quantity increase or decrease, or are the answers indeterminate because they depend on the magnitudes of the shifts?
The cost of growing organic vegetables has recently shifted to the right in both the supply and demand curves. The equilibrium quantity has increased as a result, with an unknown impact on the equilibrium price.
A Movement to the Right of the Supply Curve "A Shift to the Right of the Supply Curve" A shift to the right of the supply curve represents an increase in supply; the curve shifts in the direction of increasing quantity with respect to the horizontal axis.
When demand is steady and supply is increasing, the supply curve moves to the right, creating an intersection where quantity and prices are lower. On the other hand, a negative change in supply causes the curve to move to the left, raising prices and lowering quantity.
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Heinz Explores Producing Paper Ketchup Bottles
As part of their long-term commitment to more environmentally friendly production, the famous condiment manufacturer Heinz has announced that it is partnering with packaging company Pulpex to develop a ketchup bottle made from paper. The bottle will be made from sustainably sourced wood pulp, and will renewable and recyclable. Following in the footsteps of the straw industry, this will remove discarded plastics (a major source of pollution) from landfills, lakes, and rivers. This will also reduce pollution related to the production of plastic bottles, which are derived from petroleum. Although the bottle is still in the development stage, executives at both companies expect that consumers will be pouring their ketchup from paper bottles soon. Of course, Heinz Ketchup does have a reputation for moving somewhat slowly.
What are some potential strategies for reducing negative externalities?
Explain how product differentiation affects the price a firm can charge for its product.
Summarize, relate, and react to what you have read. Your response would be at least 300 words long.
econeveryday.com/heinz-explores-producing-paper-ketchup-bottles/
Based on the given text Heinz Explores Producing Paper Ketchup Bottles: "As part of their long-term commitment to more environmentally friendly production, the famous condiment manufacturer Heinz has announced that it is partnering with packaging company Pulpex to develop a ketchup bottle made from paper.", the strategies for reducing negative externalities would be to speed up the process.
What is Product Differentiation?This refers to the term that is used to describe and define the practice of setting one good or service apart from others to increase its appeal to a specific target market. In order to do this, it must be set apart from both the products of rival companies and the company's other offerings.
Hence, it can be seen that based on the given scenario, in order to reduce negative externalities on the proposed partnership between Heinz and Pulpex,. the process should be sped up so that the users and the environment would benefit,.
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commissions charged on the trading of stock are: multiple choice only on buying of stock on buying and selling of stock none of the answer choices are correct. only on sale of stock fixed
When trading stocks, commissions are charged on buying stock and selling of stock. A commission is a fee charged by a broker to execute a trade, and it is typically a percentage of the trade size.
When buying stock, the commission is charged when the order is placed and will typically range from a few cents per share up to a few dollars per share. This commission is usually a flat fee and is not dependent on the size of the order.
When selling stock, the commission is charged when the order is completed, and it is typically a percentage of the total sale amount. The commission may be based on the total trade size or the total dollar amount of the trade. The commission rate may also be higher for larger trades.
In both cases, the commissions charged by brokers vary depending on the broker and the type of stock being traded. Some brokers may offer lower commissions for certain types of stocks, or may even waive the commission altogether. Be sure to check with your broker to determine what commission rates they offer.
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Gwen and Travis organized a new business as an LLC in which they own equal interests. The new business generated a $10,000 operating loss its first year. Travis has no other taxable income for the current year, but expects to have sufficient taxable income in future years to pay tax in the 24% tax bracket. Which of the following statements regarding Travis' tax savings from the current LLC loss is true? Multiple Choice Travis can carry his share of LLC loss back two years as a net operating loss, and request an immediate tax refund of $1,200. Travis can carry his share of LLC loss forward, and will get tax savings only when he generates future income. Travis can only use his share of the LLC loss in the current year, and will receive no tax savings. The LLC will reallocate Travis share of the loss to Gwen, who can claim $1,750 of additional tax savings.
The statement "Travis can carry his share of LLC loss forward, and will get tax savings only when he generates future income" is true regarding Travis' tax savings from the current LLC loss .
In the United States of America, a limited liability company (LLC) is a type of company having a corporate structure which the owners from the personal liabilities of the obligations of the firm. Limited liability companies are hybrid legal entities which has traits of corporations, partnerships, and sole proprietorships.
Even though a limited liability is an aspect which is similar to that of a corporation, The provision of flow-through taxes to the members of an Limited Liability Company is a feature of a partnership rather than that of an LLC. State legislation allows limited liability Companies. Every state has its own set of rules for controlling them. Members of a Limited Liability Company are its owners.
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Alaska Salmon Inc., a large salmon canning firm operating out of Valdez, Alaska, has a new automated production line project it is considering. The project has a cost of $150,000 and is expected to provide after-tax annual cash flows of $73,306 for eight years. The firm's management is uncomfortable with the internal rate of return (IRR) reinvestment assumption and prefers the modified IRR approach. You have calculated a cost of capital for the firm of 12 percent. What is the project's modified internal rate of return (MIRR)? Given that the cost of capital is 12 percent, should the project be accepted? Why?
MIRR stands for modified internal rate of return which is used to compare the potential projects with the return of projects. MIRR is a modified version of the internal rate of return (IRR) which is used to calculate the reinvestment rate or cash flows of even and uneven accounts.
In the question, given information:
Cash flow 0= -150,000
Cash flow 1= 73,306
Cash flow 2= 73,306
r = 12%
Now, MIRR= (future value of positive cash flows/ percent value of negative cash flows) (1/n)-1
I.e., n(FVCF / PVCF) -1
Therefore,
FVCF= future value of positive cash flows discounted at r.
= (73,306 / 1+12%) + (73,306 /1.128 )
= 65,452 + 29,607
= $95,059
PVCF= present value of negative cash flows= -150,000
n= number of years= 8
MIRR = (95,059 /-150,000) - 1
= 3.7%
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a call option on the illinois stock specifies exchange price of $38 today the stock prices at $40 the premium on the call option is $5 do not option
Net Profit or Loss Per Share to Be Earned by the Writer (Seller) of the Call Option
$5
$4
$2
$0
$-2
$-5
Net profit is the amount of money your business earns after deducting all operating, hobby, and tax charges over a given time period. to reach at this cost, you want to understand a business enterprise's gross earnings. If the price of internet earnings is terrible, then it's miles known as internet loss.
Gross profit suggests how lots cash your enterprise makes after the assembly a few charges. net income suggests how much you're making after assembly all costs. A commercial enterprise's gross income is the cash it has left after procuring the products and offerings it sold.
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Martinez Company�s relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its unit costs are as follows: Amount per Unit Direct Materials $6.00, Direct Labor $3.50, Variable manufacturing overhead $1.50, Fixed Manufacturing overhead $4.00, Fixed selling expense $3.00, Fixed administrative expense $2.00, Sales Commissions $1.00, and Variable administrative expense $0.50.
The total amount to make the product will be your labor,materials,and overhead.
Materials $6 + Labor $3.5 + Overhead (fixed and variable) $5.5 (1.50 + 4) = $15 * 10,000 = 150,000.The total amount to sell the product will be a fixed sale of $3 + fixed administration $2 + commission $1 + variable administration $0.50 = $6.50 * 10,000 = 65,000.Variable cost per unit will be all the variable costs added together.Materials, labor, variable overhead,commissions,variable administrative expenses.6 + 3.5 + 1.5 + 1 + 0.50 = $12.50.Variable cost per unit will be all variable costs added materials,labor,variable overhead,commissions,variable administrative expenses 6+3.5+1.5+1+0.50 = $12.50.5. 12.50*8,000=100,000. 12.50*12,500=156,250.Fixed manufacturing 4.00*10,000 = 40,00040,000/8,000=5.00.Crafting fixed 4.00*.The total incremental costs Martinez will incur if it increases production from 10,000 to 10,001 units is $11.The next step is to determine the incremental cost Incremental cost of production=Unit variable cost×Units increased Incremental cost of production=$11 × 1 unit.
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cost of spoiled units equals . question 4 options: all costs incurred in producing them up to the point of packaging all costs incurred in producing them up to the point of delivery all costs incurred in producing them up to the point of selling all costs incurred in producing them up to the point of inspection
The cost of spoiled units equals all costs incurred in producing them up to the point of packaging and all costs incurred in producing them up to the point of delivery.
Packaging is the technology, artwork and generation of enclosing or protecting merchandise for distribution, garage, sale, and use. Packaging additionally refers to the procedure of designing, evaluating, and generating packages. Packaging can be described as a coordinated device of preparing items for transport, warehousing, logistics, sale, and quit use. Packaging consists of, protects, preserves, transports, informs, and sells.[1] In many countries it's miles completely incorporated into authorities, enterprise, institutional, commercial, and personal use.
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Carrie, a student at Metropolitan Community College, dreams of starting her own business. In an effort to learn as much as she can about small business management, she talked to four friends who each offered their advice. Which of these suggestions is likely to help Carrie the most?Take courses related to small business management and look for a job with a successful businessperson, preferably in your field of interest.
Take classes in small business management, and seek employment with an accomplished entrepreneur, preferably in your area of interest.
What function does training provide for entrepreneurs?People who obtain entrepreneurial education and training develop the self-assurance, knowledge, and skills needed to take advantage of economic opportunities. It teaches students how to spot possibilities, turn creative ideas into profitable ventures, effectively use resources, and launch their own businesses.
What have you learned to be the most important business lessons?One thing to bear in mind regarding business is that failure doesn't mean the end of the world, but rather the chance of a new beginning. You can't walk this path while anticipating without making a few blunders. If you approach the journey knowing that failure will happen along the way, you'll do better.
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The equilibrium price for a good with a vertical supply curve and a downward-sloping demand curve is $20. If a binding price floor is set, which of the following will occur?
The equilibrium price of a good with a vertical supply curve and a falling demand curve is $20. Where a binding minimum price is set. The sum of consumer surplus and producer surplus reduces.
Why is the vertical supply curve inelastic?If the supply curve is vertical, it means that the supplier supplies the same amount at all prices. Regardless of the price change, the delivery quantity will not change. Therefore, supply is completely inelastic and the price elasticity of supply is zero.
Which commodity has a vertical supply curve?The supply curve can be vertical, means that the supply is fixed regardless of the market price. There are items that cannot be increased or decreased, such as old manuscripts, rare stamps, and old coins. These commodities produce a vertical supply curve. For example, the amount of land in the world can be considered fixed
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A company estimates that the average cost in dollars of producing x units of a certain product is given by C = 800 + 0.04x + 0.0002x^2/x =. What is the number of units that need to be produced to minimize the average cost? Select one: a. 2000 b. 4000 c. 16,000 d. 4,000,000
The number of units that need to be produced to minimize the average cost is 2000.
The average cost function has been given with x level of output which is
[tex]C(x)=\frac{800 + 0.04x + 0.0002x^2}{x}[/tex]
To get the the units to be produced to achieve minimum average cost, we need to differentiate the average cost function and equate it to zero.
Differentiation the average cost function with respect to x we get,
[tex]d(C(x))= \frac{x ( 0.04x + 0.0004x)- 800 + 0.04x + 0.0002x^2}{x^2}[/tex] (Using quotient rule)
Further simplifying we get,
[tex]d(C(x))= \frac{0.04x+ 0.0004x^2- 800 -0.04x - 0.0002x^2}{x^2}\\d(C(x))=\frac{0.0002x^2-800}{x^2}\\[/tex]
Equating this to zero, we get the number of units required to get the minimum average cost.
0.0002x^2-800/x^2=0
0.0002x^2-800=0
0.0002x^2=800
x^2=800/0.0002
x^2=4000000
x=2000
Therefore, the company needs 2000 units to be produced to minimize the average cost.
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The Law of Diminishing Returns states that eventually both the Total Product and Marginal Product
will reach a peak, and then they will eventually decline as we continue to increase production.
True – Bubble A
False – Bubble B
An economic theory known as the rule of declining marginal returns states that once an optimal level of capacity is reached, adding more factors of production will really only lead to smaller improvements in output.
For instance, a factory hires workers to produce its goods, and eventually the business performs at its best. If you increase the number of employees beyond this point, operations will become less efficient even if all other production factors remain constant.
The idea of declining marginal utility is connected to the law of diminishing returns. Economies of scale can be used to contrast it. The "law of declining returns," "principle of diminishing marginal productivity," and "law of diminishing returns" are other names for the "law of diminishing marginal returns."
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a company uses the aging of receivables method. during the year, the company recorded credit sales of $560,000. before adjusting entries at year-end, the company has accounts receivable of $300,000, of which $53,000 is past due, and the allowance account had a credit balance of $2,800. the company expects it will not collect 10% of the amount not yet past due and 29% of the past due accounts. which of the following adjusting entries will the company record at year-end?
The company will record two adjusting entries at year-end. The first adjusting entry will be a debit to the Allowance for Doubtful Accounts for $14,280 (10% of $142,800). This is the amount that the company anticipates it will not collect from the amount not yet past due.
The second adjusting entry will be a debit to the Allowance for Doubtful Accounts for $15,170 (29% of $53,000). This is the amount that the company anticipates it will not collect from the past due accounts. The total of the two adjusting entries will be a debit to the Allowance for Doubtful Accounts for $29,450. This amount will then be subtracted from the total Accounts Receivable of $300,000, resulting in an adjusted Accounts Receivable balance of $270,550.
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it is actually possible to postpone the point of differentiation outside of the factory and further down the supply chain.
It's possible to postpone the point of differentiation outside of the factory and further down the Supply chain. This is true.
A supply chain is the network of all the individualities, associations, coffers, conditioning, and technology involved in the creation and trade of a product.
A force chain encompasses everything from the delivery of source accouterments from the supplier to the manufacturer through to its eventual delivery to the end stoner.
Discerned force chains help manufacturers not only with functional benefits like increased inflexibility and responsiveness and enabling better demand planning but also help take a request-aft view of effects in which the requirements of product development, guests, and requests are taken into account all at formerly.
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find an advertisement with strong nonverbal messages from an internet ad, or take a photo of one from a magazine or newspaper. include the ad in your post, and discuss what advertising message is being sent and what nonverbal elements contribute to that message. how did you personally react to the message? do you think that others might interpret the message differently? (adapted from adams
This particular advertising makes it clear that the marketer wants to spread the idea that staying healthy via training and activities.
The message being delivered by this specific advertisement is that by avoiding but good for the aid we may simply be fit. This commercial depicts a human body that yearns to be physically fit but is unable to do so since it consumes alcohol and harmful foods. This gives the appearance of being appropriate for the human body. indirectly encourages exercise and fitness in order to prevent problems brought on by obesity. With the aid of the illustration of a human body inside a human body, the Gestalt theories have been implemented by the designer. The external human body is a direct representation of the human body's propensity to ingest a greater variety of harmful foods.
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If the economy is falling below potential real GDP, which of the following would be an appropriate fiscal policy to bring the economy back to long-run aggregate supply? An increase in
government purchases
Which of the following would be a suitable fiscal strategy to restore the economy to long-run aggregate supply if the economy is slipping below potential real GDP An increase in government purchases
Federal, state, and municipal governments spend money on products and services through government purchases. One of the most important factors in calculating a country's gross domestic product is the sum of all of this spending, minus transfer payments and interest on the debt (GDP). Spending that doesn't include purchases includes things like agriculture subsidies and Social Security payments.
Government investment is defined as the purchase of goods and services by the government with the intention of generating future benefits, such as infrastructure investment or research spending (government gross capital formation). Together, these two categories of government spending—on final consumption and gross capital formation make up one of the primary parts of the GDP.
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greenwich university is buying a distance learning system. previously, the school had no distance learning technology. for greenwich university, this represents a(n) situation.
A distant learning system is being purchased by Greenwich University. The school did not have any technology for distant learning before. This is a brand-new buying situation for Greenwich University.
In essence, every transaction made by a corporation falls into one of three categories: fresh purchases, straight repurchases, and modified repurchases. The phrase "new buy" describes the kind of purchase that a firm makes for the first time, i.e., when the business needs to weigh its alternatives since it is buying a new product.
In other words, a new buy also refers to a product type that has never been purchased by the organisation in general, the employees participating in the purchase, or the buying centre.
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