The president provides grounds for the trade limitation on tires citing national-security arguments.
What rationale exists for trade restrictions on the basis of national security?Another common argument for restricting trade is the assertion that free commerce compromises national security. This is explained by the fact that commerce enables nations to rely on other nations for the supply of vital resources.
What are the main countermeasures to trade restrictions abroad?Trade restrictions are routinely used to protect domestic businesses and workers from competition from international corporations. A country is said to have protectionist policies if it forbids the importation of goods and services created abroad.
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The correct question is:
The arguments for restricting trade Suppose there is a policy debate regarding the United States' imposing trade restrictions on imported tires. Read the following scenario and answer the question that follows. The president the United States argues that the government should impose a tariff on tires because they are a necessary input into the production of various weapons. Free trade, she contends, would make the United States overly dependent on foreign countries for the supply of tires and thus, in case of war, unable to make enough weapons to defend itself. Which of the following justifications is the president using to argue for the trade restriction on tires? Using-protection-as-a-bargaining-chip argument O Infant-industry argument O Jobs argument O National-security argument O Unfair-competition argument
according to the investment model, which of the following does not influence whether a person will work to save a troubled relationship
Satisfaction level, comparison with alternatives and investment size does not influence whether a person will work to save a troubled relationship.
What is the investment model?General commitment is described by the Investment Model (Rusbult, 1980) as a long-term orientation toward relationship maintenance and psychological attachment feelings, driven by satisfaction, the quality of alternatives, and intrinsic/extrinsic investments.
According to the Investment Model, a person's dedication to a romantic relationship is influenced by their level of relationship pleasure, their opinion of the caliber of potential romantic mates, and the amount they are now investing in the union.
The concept of comparison levels from Social Exchange Theory is the foundation for the concept of satisfaction level and comparison with alternatives. If partnerships offer more benefits (companionship, attention, emotional support) and fewer expenses, people will be highly satisfied with them (arguments, time).
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1. Define and give examples of John Maxwell's 5 levels of leadership discussed in class.
Answer:
Level 1: Position - This is the lowest level of leadership and refers to a person who has been given a leadership role or position, but has not yet developed the necessary skills or abilities to lead effectively. A person at this level may rely on their title or position to try to exert influence, but may not have the respect or trust of their followers.
Level 2: Permission - At this level, a leader has earned the trust and respect of their followers, and can influence them by building relationships and engaging with them on a personal level. A leader at this level may not have a formal position of authority, but is able to inspire and motivate their followers through their personal characteristics and abilities.
Level 3: Production - At this level, a leader is able to not only inspire and motivate their followers, but also to achieve results and produce tangible outcomes. A leader at this level is able to create a vision for their team and to execute a plan to achieve it, resulting in success and progress.
Level 4: People Development - At this level, a leader is not only focused on achieving results, but also on developing the people on their team. A leader at this level is able to identify the strengths and weaknesses of their team members, and to provide the support and guidance they need to grow and develop.
Level 5: Pinnacle - The highest level of leadership, this level is characterized by a leader who has achieved both personal and professional success, and has a profound impact on their organization and the people they lead. A leader at this level is able to inspire and motivate others to achieve their full potential, and to create a lasting legacy in their field.
anvils works' requires, on average, 2,800 tons of aluminum each week, with a standard deviation of 1,000 tons. the lead time to receive its orders is 10 weeks. the holding cost for one ton of aluminum for one week is $11. it operates with a 0.98 in-stock probability.
(Round your answer to nearest integer.) a. On average how many tons do they have on order? tons Round your answer to nearest integer.) b. On average how many tons do they have on hand? (Refer above Table 11.5) tons Round your answer to nearest integer.) If their average inventory were 5,000 tons, what would be their average holding cost per week? C. per week Round your answer to 2 decimal places.) If their average inventory were 10,000 units, what would be their average holding cost per ton of aluminum demanded each week? d. per ton Round your answer to 4 decimal places.) Suppose their on-hand inventory is 4,975 tons on average. What in-stock probability do e. they offer to their customers? Hint: Use the Excel function ENORM.S.DIST(z, TRUE Carry at least 3 decimals in your z value. TABLE 11.5 In-Stock Probabilities and Matching Safety Factors, z In-Stock Probability Safety Factor, z 0.9000 0.9800 0.9900 0.9950 0.9999 1.28 2.05 2.33 2.58 3.72 Safety Factor, z 1.25 2.00 2.25 2.50 3.00 In-Stock Probability 0.8944 0.9773 0.9878 0.9938 0.9987
Given the following ;
Average Weekly need = 2,800 tons
Lead time = 10 weeks
In everyday language, a mean is a single wide variety taken as representative of a listing of numbers, generally the sum of the numbers divided by way of how many numbers are within the listing (the arithmetic suggest). for instance, the common of the numbers 2, three, four, 7, and 9 (summing to twenty-five) is 5. relying at the context, an average is probably every other statistic which include the median, or mode. for instance, the average personal earnings is regularly given as the median—the range underneath which can be 50% of personal earning and above which might be 50% of private incomes—due to the fact the suggest could be better by means of along with non-public incomes from a few billionaires. for that reason, it's far endorsed to avoid the usage of the word "common" whilst discussing measures of valuable tendency.
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Ipswich Industries plans to issue 5-year, 6%, $500,000 bonds paying interest on an annual basis, at a $3,500 discount. Which one of the following statements is true? Select one: A. The cash paid to bondholders will be $3,500 each year. B. Ipswich's annual interest expense on the bonds will be greater than the amount of interest payments to bondholders each year. C. The effective rate of interest on the bonds is lower than 6%. D. Ipswich will receive $503,500 as the issue price.
Ipswich's annual interest expense on the bonds will be greater than the amount of interest payments to bondholders each year is the correct statement. Therefore, the option B holds true.
The interest expense can be referred to or considered as the total expenses incurred by a company to bear the interests that the bondholders are entitled to receive as a part of the certificates issued to them. Moreover, the interest expense is greater than the interest payment, if the bonds are issued at a discount.
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To assume that all regulators try their best to serve the public interest even when it conflicts with their own private interest is consistent with with which of the following approaches to regulation theory? a, the public choice approach b. the public welfare approach c. both of the above d. none of the above
B.The public welfare approach. The phrase "social welfare" broadly refers to the opportunities and materials people need to have fulfilling lives.
What is the process of corporate social responsibility?Corporate social responsibility, a form of business self-regulation, aims to have a positive impact on society and promote social accountability. A company can practice CSR in a number of ways, including by being environmentally conscious and eco-friendly, promoting equality, diversity, and inclusion at work, treating employees with respect, giving back to the community, and ensuring that business decisions are moral.
What importance do you attach to corporate social responsibility?Company success is measured in characteristics that go beyond profitability, growth rate, and brand recognition. Today's stakeholders include clients, employees, and other parties.
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TRUE/FALSE. just as the demand for farm labor is derived from the demand for food crops, the demand for a currency is derived from the demand for goods priced in that currency
Just as the demand for farm labor is derived from the demand for food crops, the demand for a currency is derived from the demand for goods priced in that currency. The statement is true.
Demand for products and services with that currency's price tags determines the demand for that currency. In order to buy goods and services from other nations when conducting business internationally, people and enterprises need a certain currency.
When there is a greater demand for products that are priced in a given currency, the demand for that currency rises. Referred to as derived demand, this relationship exists between the demand for a currency and the demand for commodities with that currency as the unit of exchange.
Thus, the mentioned above given-statement is true.
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Unlike the combination low-cost-differentiation strategy, multiple strategies involve the simultaneous execution of two or more different generic strategies, each tailored to the needs of a distinct market or class of customerIs multiple strategies a combination of strategies or simultaneous use of strategy?
Unlike the combination low-cost-differentiation strategy, multiple strategies involve the simultaneous execution of two or more different generic strategies, each tailored to the needs of a distinct market or class of customer.
The popular approach of cognizance rests on the choice of a slender aggressive scope inside an industry. The focuser selects a section or group of segments inside the industry and tailors its method to serving them to the exclusion of others.
There are three/4 generic strategies , both decrease value, differentiated, or consciousness. A business enterprise chooses to pursue considered one of two forms of aggressive benefit, both via decrease prices than its opposition or by means of differentiating itself alongside dimensions valued by clients to command a higher price.
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a minimum number of directors, or a , must be present at each meeting of the board of directors for decisions made at the meeting to be valid.
A quorum is a minimum number of directors, or a , must be present at each meeting of the board of directors for decisions made at the meeting to be valid.
What is board of directors?A board of directors is an executive body that jointly oversees an organization's operations. This organization can be for-profit or nonprofit, such as a company, nonprofit, or government agency.
The board is in charge of overseeing the business or organization, setting management policies, defending the interests of shareholders, and coming to judgments on crucial matters.
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Balanced scorecard perspective that establishes long and short term financial performance objectives expected from the organizations strategy and simultaneously describes the economic consequences of actions taken in the other three perspectives.
Financial perspcetive
Balanced scorecard perspective that establishes long and short term financial performance objectives expected from the organizations strategy and simultaneously describes the economic consequences of actions taken in the other three perspectives is the financial perspective.
In the field of business, the financial perspective can be described as the perspective that helps in analyzing the long as well as short-term financial outgrowth and performance of an organization.
Financial perspective helps in analyzing the consequences of the strategies and actions that are implemented by the workers of an organization on the financial status of the organization. Financial perspective provides with a balanced scorecard that focuses on the generation of finances toward the outgrowth of the company.
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the secondary markets for capital market securities have facilitated economic growth in the u.s. because group of answer choices they help provide marketability for capital market claims. they have increased people's willingness to buy capital market claims. they make people more willing to invest because they can more easily diversify their risk. all of the above
The secondary markets for capital market securities have facilitated economic growth in the U.S. because d. all of the above
The secondary markets in the U.S. help in provide marketability for capital market claims.
They also help in increasing people's willingness to buy capital market claims.
They make people more willing to invest because they can more easily diversify their risk. The economic growth is facilitated not only by the similar market but also by the secondary market. Hence all of the above options are correct.
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you have ebtered a commodity futures contract in 90 days today the underlying commodity price decreased and you geet a margin call you must hae
You must have a short position in a future contract if you entered a commodity futures contract 90 days ago and the underlying commodity's price dropped.
What is a futures contract on a commodity?A commodity futures contract is an agreement to buy or sell a predetermined amount of a commodity at a predetermined price on a predetermined date in the future. Commodity futures can be used to safeguard or hedge an investment in the stock market. Additionally, they can be employed to place directional wagers on the underlying asset.
A Commodity Futures Contract's OperationMost contracts for commodities futures are closed off or netted at their expiration date. To reconcile the price discrepancy between the opening and closing trades, cash is employed. Investing in an underlying asset typically involves using commodities futures.
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The following equations describe the monopolist's demand, marginal revenue, total cost, and the marginal cost: What is the monopolist's profit? Demand: P = 10 - Q Marginal Revenue: MR = 10 - 2Q Total Cost: TC = 6+Q+0.5Q² Marginal Cost: MC = 1+Q a. $10.5 b. $7.5 c. $15 d. $8
The profit earned by monopolist is $154.44
100 - 2q = 0
q = 50
Maximization is where q = 0
MR = mc
100 - 2q = 1+q
100-1 = q+2q
99 = 3q
q=33
Price would be 50 -0.34(33)
= 50 - 11.22
= 38.68
Profit earned would be
= 33*38.68 -34*33
= 1276.44 - 1122
= 154.44
The marginal cost alludes to the expansion underway costs created by the development of extra item units. It is otherwise called the marginal cost of production
Marginal revenue is the expansion in income that outcomes from the offer of one extra unit of result. While minor income can stay consistent over a specific degree of result, it keeps from the pattern of consistent, predictable losses and will ultimately dial back as the result level increments.
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yearly trends: 3 points calculate and explain three year trends for the following financial measures: statement of income: total operating revenue, total operating expense and net from operations balance sheet: total assets and total liabilities summary of financial and utilization: profit/loss per unit (explain).
The three main types financial statements are the balance sheet, the income statement, and the cash flow statement. These three statements together show the assets and liabilities of a business, its revenues and costs, as well as its cash flows from operating, investing, and financing activities.
Finance is the study and discipline of money, currency and capital assets. it's far associated with, however no longer synonymous with economics, the examine of production, distribution, and consumption of cash, property, items and offerings (the field of monetary economics bridges the 2). Finance activities take location in financial structures at diverse scopes, for that reason the sector may be kind of divided into personal, company, and public finance. In a monetary gadget, belongings are offered, sold, or traded as monetary units, inclusive of currencies, loans, bonds, shares, shares, options, futures, etc.
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FILL IN THE BLANK After being influenced by frequent advertisements, Jeremy buys a new cell phone. However, he discovers that the new cell phone does not offer the features he expected. This scenario illustrates that _____ of the purchase is less than Jeremy's expectations.
After being influenced by frequent advertisements, Jeremy buys a new cell phone. However, he discovers that the new cell phone does not offer the features he expected. This scenario illustrates that actual purchase price of the purchase is less than Jeremy's expectations.
The cost incurred by the company to purchase the items is referred to as the actual purchase price of the goods. To calculate gross profit, the purchase price is also added to the cost of the products sold. After the sales, the closing inventory is valued at the lower of the purchase price or its realisable replacement value.
The following elements will also need to be considered when determining the actual purchase price:
• When a buyer receives products that are broken or defective, the seller will issue a purchase allowance, which is a price reduction.
• The quantity of goods that were returned to the vendor under a purchase return is indicated.
• Purchase discounts are price reductions made in order to promote more product sales or early repayments.
• Freight costs are the costs associated with transporting the items from the seller's location to the buyer's location.
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which of the following terms defines the product development cycle in scrum? 1. phase 2. process 3. stage 4. sprint
Option 3 is correct, Stage is the term that defines the product development cycle in the scrum.
The series of frequently recognized phases in the existence of commercial products is known as the product life cycle. A product goes through the following stages as it develops: introduction, growth, maturation, and decline. At this point, the key research priorities are benchmarking, competitive analysis, and market research. These will facilitate the creation of a business case to validate the product and provide a sense of the future growth for the product. To better understand user wants and customer concerns, you and your team must rely on their input after they have used the product.
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You have $15,500 you want to invest for the next 36 years. You are ofered an investment plan that will pay you 6 percent per year for the next 18 years and 10 percent per year for the last 18 years. Requirement 1: How much will you have at the end of the 36 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) AmountRequirement 2: If the investment plan pays you 10 percent per year for the first 18 years and 6 percent per year for the next 18 years, how much will you have at the end of the 36 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Amount
We will have, $245,983.31 at the end of 36 years. If the investment plan pays you 10 percent per year for the first 18 years and 6 percent per year for the next 18 years, we will have, $245,983.29 at the end of 36 years.
A set of investing objectives and a strategy to achieve them make up an investment plan. Because they are inexperienced with the process, many people are hesitant to begin investing. Some investors experience financial losses when they enter the market without a plan. Investment plans help people make informed decisions and increase the likelihood of receiving favourable returns.
In the given question,
1) Future value at the end of 18 years = pv*(1 + 1)^n
= 15,500 (1 + 0.06)^18
= $44,242.26
Future value at the end of 36 years = pv*(1 + 1)^n
= 44,242.26 (1 + 0.10)^18
= $245,983.31
2) Future value at the end of 18 years = pv*(1 + 1)^n
= 15,500 (1 + 0.10)^18
= $86,178.72
Future value at the end of 36 years = pv*(1 + 1)^n
= 86,178.72 (1 + 0.06)^18
= $245,983.29
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when companies redefine their technology or competency in general terms, the goal is to de-link the technology from the current specific products and identify more general applications. true or false
"The objective of a company's generic definition of their technology or competency is to disentangle the technology from the existing, niche goods and uncover more broadly applicable uses."
The statement is True.
An organisational competence framework is a paradigm that generally denotes performance excellence. An organization's many occupational responsibilities might use a variety of abilities that are often included in such a framework.
Business's technology refers to information technology utilised in a commercial environment. Information technology is the use of computers to perform operational activities that need computing resources, as well as to store, receive, send, and alter data.
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the following matrix shows relative costs for various job-machine combinations. assume there must be one-to-one matching between jobs and machines. which set of pairs constitutes the minimum-cost solution using the assignment method? machine a b c job 1 $ 6 0 0 2 0 3 4 3 0 1 2 multiple choice 1-a, 2-c, 3-b 1-a, 2-b, 3-c 1-b, 2-c, 3-a 1-b, 2-a, 3-c 1-c, 2-a, 3-b
2-a, 3-b set of pairs constitutes the minimum-cost solution using the assignment method. Such assignment problems can also be resolved using the Hungarian Method.
Because it is simple to obtain an equivalent minimization problem by translating each matrix value to an opportunity loss. The conversion is assignment by subtraction of the highest element from all the elements of the provided matrix. Finding a matching of a specific size in a weighted bipartite graph where the sum of the edge weights is minimal is the goal of the assignment issue. The problem is known as a balanced assignment if the numbers of agents and tasks are equal. If not, it is referred to as an uneven assignment.
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which of the following statements concerning disclosure requirements for derivatives used as cash flow hedges is/are correct? i. the net gain or loss recognized in earnings during the period must be disclosed. ii. the amount of gain or loss deferred in other comprehensive income must be disclosed. iii. a listing of each of the derivatives used for cash flow hedges and the amount of each must be disclosed. i only. i and ii only. i and iii only. i, ii, and iii.
The following statements concerning disclosure requirements for derivatives used as cash flow hedges are correct:
B) I and II only.
Both the net gain or loss recognized in earnings during the period (Statement I) and the amount of gain or loss deferred in other comprehensive income (Statement II) must be disclosed. Statement III is not a required disclosure.
The phrase "hedge", meaning a line of bushes around the perimeter of a discipline, has long been used as a metaphor for placing limits on risk. Early hedge funds sought to hedge unique investments in opposition to widespread market fluctuations with the aid of shorting the marketplace, subsequently the name.
Hedge laying is a seasonal activity done between October and March while bushes and shrubs are dormant, and birds have completed nesting within the hedges.
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which of the following types of interest is never deductible on schedule a, itemized deductions? interest paid on money borrowed to buy stock for a standard investment portfolio. mortgage interest paid on a second home. personal interest paid on a car loan. points paid in advance at the time of securing a mortgage for a taxpayer's main residence.
The type of interest that is never deductible on schedule A is itemized deductions, is C) Personal interest paid on a car loan.
What goes into Schedule A ?Form 1040, the form used by U.S. taxpayers to report and pay their individual income tax, has an optional schedule called Schedule A.
A taxpayer can declare expenses for specific deductible goods, services, and contributions to the IRS in order to reduce his overall taxable income. Typical examples of this include prescription costs, mortgage payments, gifts to charities, and donations.
Only investment interest and home mortgage interest paid on a primary or secondary dwelling are tax deductible. Personal interest paid on a car loan is not allowed there.
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the idea behind this type of statistical analysis is to look at the responses to one question in relation to the responses to one or more other questions. one-way frequencies cross tabulations analysis using measures of central tendency analysis using measures of dispersion analysis using line and/or bar charts
The correct answer to the question about Statistical analysis is option 2) Cross Tabulations.
In order to find underlying patterns and trends, statistical analysis involves gathering, examining, and presenting vast volumes of data. In order to make decisions more scientifically, statistics are used daily in research, business, and government. Consider this:
Manufacturers employ statistics to weave quality into exquisite textiles, boost the aviation sector, and assist musicians in creating music.
By analyzing data from the creation of viral vaccines and utilizing statistics to verify consistency and safety, researchers keep kids healthy.
Communication firms use analytics to better understand subscriber needs and optimize network resources, service, and customer attrition.
Government organizations all across the world rely on statistics to have a comprehensive picture of their nations, their economies, and their citizens.
Question
the idea behind this type of statistical analysis is to look at the responses to one question in relation to the responses to one or more other questions.
one-way frequencies cross tabulations analysis using measures of central tendencyanalysis using measures of dispersion analysis using line and/or bar chartsTo learn more about statistics click here
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Recount the methods used to assign costs to inventory and cost of goods sold under both a perpetual and a periodic system. (Check all that apply.)
First-in, last-out
Weighted average
Last-in, first-out
Last-in, last-out
First-in, first-out
Specific identification
The procedures utilized in both periodic and perpetual systems to assign costs to inventories and cost of goods sold. is All of the above.
How do LIFO and FIFO affect the calculation of cost of goods sold?In order to calculate LIFO (Last-in, First-Out), multiply the cost of your most recent inventory by the quantity of goods sold, as opposed to FIFO (First-In, First-Out), which multiplies the cost of your oldest inventory by the quantity of inventory sold.
What kinds of accounts does a perpetual inventory system employ?The inventory account balance should never change since under the perpetual system, purchases, buy returns and allowances, purchase discounts, sales, and sales returns are automatically recognized in the inventory account.
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High Plains Inc. manufacturers furniture in North Dakota. High Plains receives its wood from a lumber yard in Calgary. The lead time for orders is 3 weeks. One of their board costs $15 per unit and the holding cost for this board is $0.5 per week. They manage their inventory to achieve a 99 percent in-stock probability. Weekly demand is for 250 boards with a standard deviation of 200. Use Table 11.5
a. How many boards do they have on on order on average? boards
b. How many boards do they have on hand on average? boards
c. For this board what is the total holding cost incurred per week? per week
(Round your answer to 2 decimal places.) d. What is the holding cost they incur per board? per board
Service level = 99 %
Lead time = 3 weeks
Weekly demand = 250
Standard deviation = 200
a. Reorder point = Demand during lead time + Safety stock
Reorder point = Average weekly demand * lead time + z * sqrt(lead time)* standard deviation of weekly demand
Reorder point = 250 * 3 + NORMSINV(0.99) * sqrt(3) * 200
Reorder point = 750 + 2.33 * sqrt(3) * 200
Reorder point = 750 + 807.14
Reorder point = 1557.14
Reorder point = 1557 (rounding to the nearest whole number)
The number of boards they have on order on average = 1557 boards
b.We have, in a normal distribution,
z = x - mean/standard deviation
2.33 = x- 250/200
x = 250 + 2.33 * 200 = 716
The number of boards they have on hand on average = 716 boards
c. Total holding cost per week = Average inventory * holding cost per week
Total holding cost per week =716/2 * 0.5
Total holding cost per week = 358 * 0.5
Total holding cost per week = $179
d. Holding cost incurred per board = Total holding cost /Number of boards
Holding cost incurred per board = 179/716
Holding cost incurred per board = $0.25
Holding costs are the costs of storing unsold inventory. Storage space, labor, and insurance, as well as the cost of damaged or spoiled goods, are all part of a company's holding costs. Inventory cost reduction is an important supply-chain management strategy.
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Schopp Company makes swimsuits and sells these suits directly to retailers. Although Schopp has a variety of suits, it does not make the All-Body suit used by highly skilled swimmers. The market research department believes that a strong market exists for this type of suit. The department indicates that the All-Body suit would sell for approximately $114. Given its experience, Schopp believes the All-Body suit would have the following manufacturing costs.
Direct materials $29
Direct labor 28
Manufacturing overhead 45
Total costs $102
Assume that Schopp uses cost-plus pricing, setting the selling price 24% above its costs. What would be the price charged for the All-Body swimsuit?
assume that Schopp uses target costing. What is the price that Schopp would charge the retailer for the All-Body swimsuit?
What is the highest acceptable manufacturing cost Schopp would be willing to incur to produce the All-Body swimsuit, if it desired a profit of $26 per unit?
If Schopp uses cost-plus pricing, setting the selling price 24% above its costs than the price charged for the All-Body swimsuit is $126.48.
Cost-plus pricing is a rating strategy by that the price of a product is set by adding a particular mounted share to the product's cost. basically, the markup share could be a technique of generating a selected desired rate of come back. an alternate rating technique is value-based rating.
Manufacturing cost is that the total of prices of all resources consumed within the method of creating a product. The producing value is assessed into 3 categories: direct materials value, direct labor value and producing overhead. it's an element in total delivery value.
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a company reports the following at year end: current assets of $25,000; total assets of $35,500; current liabilities of $10,400; total liabilities of $20,500. working capital equals: multiple choice question. 4,500 14,600 10,500 25,100
Working capital equals to 25,100.
In accounting, a current asset is any asset which may fairly be expected to be sold-out, consumed, or exhausted through the conventional operations of a business inside this year or operative cycle or twelvemonth.
In accounting, current liabilities ar usually understood as all liabilities of the business that ar to be settled in money inside the year or the operative cycle of a given firm, whichever amount is longer. Some samples of current liabilities that seem on the record embody accounts payable, accrued expense, interest payable, rental fees, short-term notes payable , etc.
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your clients are first-time home buyers. they can access up to of their roth ira accounts, penalty free, for their down payment. $0 $10,000 $20,000 $5,000
Your clients are first-time home buyers. They can access up to of their Roth IRA accounts, penalty free, for their down payment is $10,000.
Individual retirement accounts are designed to save for retirement, but Roth IRAs are a particular kind of tax-advantaged account that allow after-tax contributions. The primary advantage of a Roth IRA is tax-free growth and withdrawals beyond age 59½, provided the account has been open for at least five years.
In other words, the benefit of a Roth IRA is that taxes are paid on the money that is deposited into the account, and all withdrawals made in the future are tax-free. The main difference between conventional and Roth IRAs is how they are taxed.
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TRUE/FALSE. in accounts payable indicates that cash payments were less than credit purchases and must be subtracted from purchases to calculate cash payments to suppliers.
An increase in accounts payable indicates that cash payments were less than credit purchases and must be subtracted from purchases to calculate cash payments to suppliers. [TRUE]
Business Debt Management TipsIt is important for you to know the strategies and tips for managing a company's debt. It is intended that the need for the budget is no longer a burden that can harm the company. Including the following.
Create a BudgetThe effect of the trade payable payment transaction is a reduced amount of cash in a company. Thus, it is necessary to make a budget so that the flow of expenditure can be controlled. If there is an excess of funds, it will be allocated to cover the debt.
Determine Debt Priority LevelNot only from the nominal debt, but one other important factor in determining debt priority is the impact that will be caused if the company is late in making payments
Backup PlanBy making a backup plan, the company will be more careful in carrying out business activities related to the use of debt. In addition, you can also estimate budget requirements so that loan funds are used as fully as possible.
NegotiationNegotiate with creditors to lower the interest rate on your debt. Discuss how or a solution to be able to provide better and less burdensome repayment requirements.
Debt ConsolidationUsually, a company that has many sources of debt will combine them in one place. This aims to facilitate the payment process every month and monitoring in the future.
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a competent employee receives lower-than-deserved ratings because of a few outstanding colleagues who set very high performance standards. this is an example of a rater error.
Rater errors are systematic errors in judgement that happen when one person watches and assesses another. How we assess a person's performance may be influenced by personal beliefs and prejudices.
Performance reviews are used by businesses to evaluate accomplishments, identify top performers, and decide which employees have contributed the most to the company's success. Despite the fact that there are many other types of performance evaluations, the top-down review, in which a management evaluates their direct report, is the most typical.
Because of a small number of exceptional coworkers who have very high performance expectations, a competent employee may obtain lower-than-deserved ratings. An illustration of a rater inaccuracy is this.
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Swifty Corporation produces 5000 units of part A12E. The following costs were incurred for that level of production: Direct materials $50000 Direct labor 155000 Variable overhead 70000 Fixed overhead 175000 O If Swifty buys the part from an outside supplier, $15000 of the fixed overhead is avoidable. If the outside supplier offers a unit price of $60, net income will increase (decrease) by $(25000) $(10000). $110000. $85000.
The outside supplier offers a unit price of $60, net income will increase (decrease) by $10,000
The computation of net income will increase (decrease) is given below:-
First we need to find out the relevant cost per unit which is shown below:-
Total relevant cost = Direct material + Direct labor + Variable overhead + Fixed overhead
= $50,000 + $155,000 + $70,000 + $15,000
= $290,000
Relevant cost per unit = Total relevant cost ÷ Number of units to be produced
= $290,000 ÷ 5,000
= $58
Price of supplier per unit = $60
Net increase in cost per unit = ($60 - $58) $2
Number of units to be produced = 5,000
Increase/ Decrease in net income = Number of units to be produced × Net increase in cost per unit
= 5,000 × $2
= $10,000
Therefore, the outside supplier offers a unit price of $60, net income will increase (decrease) by $10,000
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On January 3, 20X9, Pleat Company acquired 80 percent of Stitch Corporation's common stock for $344,000 in cash. At the acquisition date, the book values and fair values of Stitch's assets and liabilities were equal, and the fair value of the noncontrolling interest was equal to 20 percent of the total book value of Stitch. The stockholders' equity accounts of the two companies at the acquisition date are:
Pleat
Stitch
Common Stock ($5 par value)
$
500,000
$
200,000
Additional Paid-In Capital
300,000
80,000
Retained Earnings
350,000
150,000
Total Stockholders' Equity
$
1,150,000
$
430,000
Noncontrolling interest was assigned income of $11,000 in Pleat's consolidated income statement for 20X9.
Based on the preceding information, what amount will be assigned to the noncontrolling interest on January 3, 20X9, in the consolidated balance sheet?
$68,800
$86,000
$44,000
$50,000
Based on the preceding information, $55,000 will be the amount of net income reported by Stitch Corporation in 20X9.
Income refers to the money a person or entity receives in exchange for their work or products. Income can have different definitions depending on the context – for example, taxation, financial accounting or economic analysis.
For most people, income means their total earnings in the form of wages and salaries, returns on their investments, pension distributions, and other income. For businesses, income means income from the sale of services, products, and any interest and dividends received in respect of their business-related cash accounts and reserves.
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