True or False: If the demand for notebooks is perfectly inelastic, an increase in the supply of notebooks only lowers the price of notebooks and does not affect the quantity produced and sold.

Answers

Answer 1

Answer:

True

Explanation:

It is similar to supply and demand principal. Hope I helped.


Related Questions

Which ONE of the following is NOT one of the three general categories of product costs? a. Manufacturing overhead b. CEO and other executive salaries c. Direct labor d. Direct materials

Answers

Answer:

b. CEO and other executive salaries

Explanation:

Product cost is defined as the costs that a company shares to the product it manufactures. For example cost of producing a car.

Product costs are made up of 3 cost elements: direct material cost, direct labour cost, and manufacturing overhead.

Direct material and direct labour contributes directly to production cost. While manufacturing overhead contributes indirectly to the product cost.

Examples of manufacturing overhead are rent and machine maintenance.

CEO and other executive salaries is not considered a product cost.

A bonds price and its yield to maturity are inversely related because:________.

Answers

Answer: increase in the yield to maturity will lower a bond's coupon rate and hence its price.

Explanation:

The yield to maturity is the percentage of return that'll be paid on a bond as long as the investor holds the security till it matures.

It should be noted that the price of a bond moves inversely with the yield to maturity as a rise in the yield to maturity leads to a reduction in the bond's price and a reduction in the yield to maturity will bring about increases in price of a bond

Originally attributed to the Greek philosopher Aristotle,______ _____

refers to a concept of living one's life according to a

commitment to the achievement of a clear ideal-what sort of person would I like to become, and how do I go about becoming that person?

Answers

Answer:

Virtue Ethics

Explanation:

Virtue Ethics is a philosophical ideology postulated by Aristotle, to describe the belief that individuals can achieve morality based on living with constant principle of moral values such as honesty, bravery, integrity and many similar attributes.

Hence, VIRTUE ETHICS refers to a concept of living one's life according to a commitment to the achievement of a clear ideal-what sort of person would I like to become, and how do I go about becoming that person? This is according to Aristotle.

Which of the following is NOT a benefit of setting goals?A. You can focus on important things B. You can take control of your life C. You will be more confident D. All of these

Answers

Answer:

C. You will be more confident

Explanation:

When you consistently set goals in life, it helps you greatly in many ways. For example, you become more focused in regards to what you want in life because you have already set a goal and will work towards to achieve in life. It also helps you taking control of your future. You can manage your timetable for future and all the things you want to o in your life.

However, setting goals may not help you become more confident. Confidence is something that comes from within a person. You have to work on many things to gain confidence in life. Only setting goals will not be sufficient.

What is the present value of the following cash flows at a discount rate of 9 percent?
year 1: 100,000 year 2: 150000 year 3: 200,000

Answers

Answer:

Year 1 PV = 91,743.12

Year 2 PV =126,251.99

Year 3 PV =  154,436.70  

Explanation:

The present value of future sum is the amount that ought to be invested today at interest rate compounded annually to equal the sum at the end of a particular period.

The present value of a future sum is given as follows:

PV = FV × PV (1+r)^(-n)

PV - present value

FV - Future value

r- interest rate

n- number of years

Year 1 PV = 100,000× 1.09^(-1) =91,743.12

Year 2 PV = 150,000× 1.09^(-2) =126,251.99

Year 3 PV = 200,000× 1.09^(-3) =  154,436.70  

How can mobile connectivity accelerate decision making and problem solving in an organization?

Answers

Answer: By giving information to the right user, exactly when it is needed



Explanation:

C. F. Lee Inc. has the following income statement. How much net operating profit after tax (NOPAT) does the firm have?Sales $2,850.00Costs 1,850.00Depreciation 192.00EBIT $808.00Interest expense 285.00EBT $523.00Taxes (35%) 183.05Net income $339.95

Answers

Answer:

$525.2

Explanation:

After tax net operating income = EBIT( 1- tax rate)

Given that EBIT = $808

Tax rate = 35%

Therefore,

After tax net operating income = $808 ( 1 - 35% )

= $808 ( 0.65 )

= $525.2

The net operating profit after tax (NOPAT) that the firm has is $525.20.

Given information

EBIT = $808

Tax rate = 35%

After tax net operating income = EBIT (1 - tax rate)

After tax net operating income = $808 (1 - 35%)

After tax net operating income = $808 (0.65)

After tax net operating income = $525.20

In conclusion, the net operating profit after tax (NOPAT) that the firm has is $525.20.

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What is efficiency? What is effectiveness? Imagine you manage a local car wash. Which criteria might you use to determine your efficiency as a manager? Which criteria might you use to determine your effectiveness?

Answers

Answer:

In business, efficiency means how well you use available resources in order to maximize results (or profits if you like). Effectiveness, on the other hand, refers to how well your company is carrying out is activities, e.g. high quality of your products, high customer satisfaction.

If I managed a car wash, I could measure efficiency by how many cars are washed per hour. Or how do our costs per car washed lower as the total amount of cars washed increases.

If I wanted to measure effectiveness, I would need to measure how well do we wash the cars, e.g. is our service excellent, good, regular, or bad. Our customers are satisfied with the way we wash their cars or not.

The difference between effectiveness and efficiency is that effectiveness corresponds to doing the task right, at the right time, and reaching established goals.

Efficiency, on the other hand, corresponds to optimizing tasks, making the process easier, faster and with reduced costs. So there is a way for a business to be effective without being efficient.

At a local car wash, an effective manager is one who knows how to manage his team to produce better results with existing resources, through quality of work, increased productivity and customer service.

It is also possible to measure the effectiveness of the location based on the achievement of goals, such as the number of cars washed in a day, cash flow, etc.

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The importance of formal planning in organizations has grown dramatically. Companies have found that they can achieve competitive advantage through the formal six-step strategic planning process. Answer questions about how Ron Shaich and Panera Bread use this strategic process. Planning is not an informal or haphazard response to a crisis; it is a purposeful effort that is directed and controlled by managers and often draws on the knowledge and experience of employees throughout the organization. Because planning is an important management function, managers at all three levels use it. To be fully effective, the organization's strategic, tactical, and operational goals and plans must be aligned. The strategic management process has six major components, beginning with the establishment of the mission, vision, and goals of the company and ending with strategic control.
The narrator describes how someone creates the mission while someone else identifies the steps that make the mission happen. The steps are known as what?
a. Top of Form
b. strategic vision
c. strategy stepping
d. strategic mapping
e. strategic controls
f. strategy implementation

Answers

Explanation:

Strategic planning is important to an organization because it provides a sense of direction and outlines measurable goals. Strategic planning is a tool that is useful for guiding day-to-day decisions and also for evaluating progress and changing approaches when moving forward.

Write 5-7 words that are similar to marketing. What words come to your mind when you think of marketing?

Answers

Answer:

sell, retail, trade, advertise, promote, buying,

Explanation:

Identify the key elements in McDonald's global expansion strategy.

Answers

Answer:

The Plan to Win initiative is built around five factors that drive McDonald's business: people, products, place, price, and promotion.

Which of the following is involved with creating an Operational Definition for a measure?A. Determine the start and stop points of a cycle time measureB. Assessing the risk of a process changeC. Determining the customer of the processD. Selecting the process team

Answers

Answer:

C. Determining the customer of the process

Explanation:

Operational Definition is a clear and detailed definition of measure adopted before the gathering and collecting of all data in a given situation. This measure is used to arrive at the conclusion of whether the data collected shows that, something is defective or not.

what are the best jobs in Apple?

Answers

Answer:

Senior director , software engineers, senior legal counsel, and more

Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows.Incomplete manufacturing costs, expenses, and sellIncomplete manufacturing costs, expenses, and sell Collapse question part(a) Indicate the missing amount for each letter.Case12Direct materials used $9,600 $Direct labor 5,000 8,000 Manufacturing overhead 8,000 4,000 Total manufacturing costs 16,000 Beginning work in process inventory 1,000 Ending work in process inventory 3,000 Sales revenue 24,500 Sales discounts 2,500 1,400 Cost of goods manufactured 17,000 22,000 Beginning finished goods inventory 3,300 Goods available for sale 20,000 Cost of goods sold Ending finished goods inventory 3,400 2,500 Gross profit 7,000 Operating expenses 2,500 Net income 5,000b) Prepare a condensed cost of goods manaufactures schdule ffor Case1c1) Prepare an Income statement for Case 1c2) Prepare the current assets section of the balance sheet for Case1. Assume that in Case 1 the other items in the current assets section are as follows: Cash $4,000, Receivables (net) $15,000, Raw Materials $600 and Prepaid Expenses $400.

Answers

Answer:

a. Incomplete Manufacturing Costs:

                                                                 Case 1          Case 2

Direct materials used                              $9,600        $ 4,000  

Direct labor                                                5,000            8,000

Manufacturing overhead                          8,000            4,000

Total manufacturing costs                     22,600           16,000

Beginning work in process inventory      1,000             9,000

Ending work in process inventory          6,600            3,000

Sales revenue                                        24,500           31,200  

Sales discounts                                        2,500             1,400

Cost of goods manufactured                 17,000         22,000

Beginning finished goods inventory      3,000            3,300

Goods available for sale                       20,000         25,300

Cost of goods sold                                16,600         22,800

Ending finished goods in inventory       3,400            2,500

Gross profit                                             5,400           7,000

Operating expenses                              2,500            2,000

Net Income                                             2,900            5,000

b. Condensed cost of goods manufactured schedule for Case 1:

Direct materials used                $9,600

Direct labor                                  5,000

Manufacturing overhead            8,000

Total manufacturing costs       22,600

Beginning WIP inventory             1,000

Ending WIP inventory                 6,600

Cost of goods manufactured $17,000

c1. Income Statement for Case 1:

Sales Revenue, net         $22,000

Cost of goods sold             16,600

Gross profit                        $5,400

Operating expenses           2,500

Net income                      $2,900

c2. Current Assets Section of the Balance Sheet for Case 1:

Cash                                    $4,000

Receivables (net)                15,000

Inventory:

Raw materials        600

WIP                      6,600

Finished Goods  3,400      10,600

Prepaid Expenses                 400

Total current assets      $30,000

Explanation:

Using the above data to calculate the missing figures, we start from the known, applying our knowledge of the elements and formula of the income statement for a manufacturing entity.  For example, the gross profit is the difference between the net sales revenue and the cost of goods sold, and the cost of goods sold is the difference between the goods available for sale and the ending inventory of finished goods.

Which function can NOT be performed using the Conditional Formatting option?

Answers

Answer:

Use conditional formatting to dynamically underline in red and green any language or spelling errors on a worksheet.

Explanation:

Alignment is the right response. In Microsoft Word, the option for character alignment is not available.

You can use conditional formatting to add unique formatting to spreadsheet cells that satisfy particular requirements. You can apply a vast library of pre-set conditions in Excel pretty easily, or you can use Excel formulae to create your own conditional formatting rules.

What are the formatting features in Excel?

In Excel, the format cells function is used to change the formatting of cell numbers without changing the actual number. We can alter the quantity, alignment, font style, border style, fill options, and protection with the aid of the format cells. Right-clicking the mouse allows us to access this option.

Data bars, color scales, icon sets, values that are rated top or bottom, values that are above or below the average, values that are unique or duplicates, and conditional formatting types that compare table columns to decide which cells to format are not available in Excel 97-2003.

Thus, Conditional formatting allows you to add special formatting to spreadsheet cells that meet certain criteria.

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For each of the following situations involving annuities, solve for the unknown. Assume that interest is compounded annually and that all annuity amounts are received at the end of each period, interest rate, and n number of years EV of $1, PV of $1, EVA of $1 PVA of $1, EVAD of $1 and PVAD of $. Use appropriate factor(s) from the tables provided. Present Value Annuity Amount i = n =1 2,600 8% 52. 507,866 135,000 ___ 43. 661,241 170,000 9% ____4. 540,000 78,557 ___ 85. 230,000 ____ 10% 4

Answers

Answer:

1) Present Value =  $10,381

2) i = 3%

3) n = 5  

4) i = 4%

5) Annuity amount = $72,558

Explanation:

Given that;

No.       Present Value       Annuity Amount         i =                n =

1.               ______                  2,600                       8%               5

2.             507,866                 135,000                     ___             4

3.              661,241                  170,000                     9%             ___

4.              540,000                 78,557                      ___             8

5.              230,000                   ____                       10%              4

Assume that interest is compounded annually and that all annuity amounts are received at the end of each period, interest rate, and n number of years EV of $1, PV of $1, EVA of $1 PVA of $1, EVAD of $1 and PVAD of $.

we know that

Present value = Annuity amount × Discount factor at i% for n years

1) Present value = 2600 × Discount factor at 8% for 5 years  

from the annuity table ( n = 5, i =8% :- 3.99271)

Present Value = 2600 × 3.99271 = $10,381

2) 507,866 = 135,000 × Discount factor at i% for 4 years  

Discount factor at i% for 4 years = 507,866 / 135,000  

Discount factor at i% for 4 years =  3.761970

Check Present value annuity table in period 4 row for 3.761970

i = 3%

     

3)  661,241 = 170,000 × Discount factor at 9% for n years  

Discount factor at 9% for n years =661,241 / 170,000  

Discount factor at 9% for n years = 3.88965  

Check Present value annuity table in 9% column for 3.88965

n = 5  

 

4) 540,000 =  78,557 × Discount factor at i% for 8 years  

Discount factor at i% for 8 years = 540,000 / 78,557  

Discount factor at i% for 8 years = 6.8739895  

Check Present value annuity table in period 8 row for 6.8739895  

i = 4%

     

5) 230,000  = Annuity amount × Discount factor at 10% for 4 years

from the annuity table ( n = 4, i =10% :- 3.169865)

230,000  = Annuity amount × 3.169865  

Annuity amount =  230,000 / 3.169865 = $72,558

How do we apply economic decision making to resources which have alternative uses?

Answers

Answer:

Almost all resources can be called the scarce. As you are using scarce you have to use scarce inherently for one purpose

Explanation:

Economic decision making to the resources have different alternative uses of those resources. For example If a city wanted to build a cricket ground then the alternative of this resource is to be leave the land. The fundamental phenomena of economy is scarcity.

From then the resources are scarce, it is said the uses of the resources can make a decision that could make a decision to use it.

for example to make beverage you have to make some scarce resources. Opportunity cost is another alternative resources that is used by people to grow their economy

Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $129,100 Advertising expense $53,200 Depreciation on plant 64,600 Property taxes on plant 16,000 Property taxes on store 8,160 Delivery expense 24,300 Labor costs of assembly-line workers 111,300 Sales commissions 40,100 Factory supplies used 28,700 Salaries paid to sales clerks 57,100Work in process inventory was $14,000 at January 1 and $16,700 at December 31.Finished goods inventory was $61,800 at January 1 and $49,800 at December 31.Required:Compute cost of goods manufactured.

Answers

Answer:

$339,160

Explanation:

The computation of the cost of goods manufactured is shown below:

Cost of goods manufactured is

= Material used in product + Labor costs of assembly line workers + Factory overheads + Opening Work in process – Closing Work in process

where,

Factory overheads is

= Depreciation on plant+ Property taxes on plant+ Factory supplies used

= $64,600 + $8,160 + $28,700

= $101,460

Now put all other values together with this in the above formula

So,

= $129,100 + $111,300 + $101,460 + $14,000 - $16,700

= $339,160

Which of the following is defined as options "sales literature"?A. Member firm options websiteB. Standard option worksheetC. Options memorandums for internal useD. Letters of an "individual" nature sent to customers

Answers

Answer:

B. Standard option worksheet

Explanation:

sales literature are reffered to materials needed to pass information to the consumer so that they can be convinced to buy the product that a company is producing. This is very important in business to increase sales in order to have good returns.

It should be noted that this material could be Standard option worksheet, even price list and others.

Therefore, among the given options, only Option" B" defined as options "sales literature".

Ken pays $4803.60 for a 3-year annuity of $2,000 per year. What is the Internal Rate of Return?

Answers

Answer:

the internal rate of return is 12%

Explanation:

The computation of the internal rate of return is shown below:

Year         Particulars                   Amount  

0               Initial cost                   -$4,803.6  (C2)

1           Year 1 cash inflows          $2,000  (C3)

2          Year 2 cash inflows         $2,000  (C4)

3           Year 3 cash inflows        $2,000  (C5)

IRR                                                      12.00%

Use this below formula

=IRR(C2:C5)

Hence, the internal rate of return is 12%

Using time value of money tables, calculate the following.
(a) The future value of $450 six years from now at 7 percent.
(b) The future value of $900 saved each year for 10 years at 8 percent.
(c) The amount a person would have to deposit today (present value) at an interest rate of 6 percent to have $1,000 five years from now.
(d) The amount a person would have to deposit today to be able to take out $600 a year for 10 years from an account earning 8 percent.

Answers

Answer:

a. $675.33

b. $1,943.03

c. $747.26

d. $4,026.05

Explanation:

a. Future Value

Pv = - $450

Pmt = $ 0

p/yr = 1

n = 6

r = 7 %

Fv = ?

With the above parameter available, the future value, Fv is $675.33

b. Future Value

Pv = - $900

Pmt = $ 0

p/yr = 1

n = 10

r = 8 %

Fv = ?

With the above parameter available, the future value, Fv is $1,943.03

c. Principal Amount

Pv = ?

Pmt = $ 0

p/yr = 1

n = 5

r = 6 %

Fv = $1,000

With the above parameter available, the future value, Pv is $747.26

d. Principal Amount

Pv = ?

Pmt = $ 600

p/yr = 1

n = 10

r = 8 %

Fv = $0

With the above parameter available, the future value, Pv is $4,026.05

What should you do before you approach an ATM?
Make sure it is hidden so no one will see you withdraw money.
Share a picture of your debit card with your friends.
Check for any suspicious people lurking nearby.
Ask someone nearby for help using the ATM.

Answers

Answer:
Make sure it is hidden so no one will see you withdraw money, and check for any suspicious people lurking nearby.

Explanation:
Doesn’t really need one, just make sure your money is safe.

Before approaching an ATM, it is crucial to take certain precautions. Firstly, ensure the area is not openly visible, providing some level of privacy during your transaction.

What are the precautions to take?

Secondly, never share pictures of your debit card with anyone, including friends, to protect your personal and financial information. Thirdly, be observant of your surroundings and watch out for any suspicious individuals who may be lurking nearby, as they could potentially engage in criminal activities.

Lastly, avoid seeking help from strangers at the ATM, as it is best to handle your transactions independently to minimize the risk of fraud or theft.

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1.) What are are the advantages and disadvantages of teams?
Discussion Question( Managing Teams)

Answers

Some advantages is that everyone has different strengths that can be used to build a better team. Some weaknesses are that not all team members get along and some don’t want to do the work.
Have a great day!!!!

Geese Company utilizes the dollar-value LIFO retail inventory method. Its cost-to-retail percentage is 60% based on beginning inventory and 64% based on current-period purchases. The company determined that beginning inventory at retail was $200,000 and that ending inventory at current-year retail prices was $250,000. The current-year price index is 1.10. During the current year, a new inventory layer at base-year retail prices was added in the amount of:__________ (round your answer to the nearest dollar amount)

Answers

Answer:

$27,273

Explanation:

Calculation for the new inventory layer at base-year retail price

Using this formula

New inventory layer at base-year retail prices=(Ending inventory at current-year retail prices/Current-year price index) - Beginning inventory at retail

Let plug in the formula

New inventory layer at base-year retail prices=($250,000/1.10) - $200,000

New inventory layer at base-year retail prices=

$227,273 - $200,000

New inventory layer at base-year retail prices=$27,273

Therefore During the current year, a new inventory layer at base-year retail prices was added in the amount of: $27,273

Which oif the following statements about planned obselence is true?A. Environmentalists supports planned obsolescence.B. A company that produces a quality product would never engage in planned obsolescence. C. Style modification creates planned obsolescence.D. Planned obsolescence is for services only.E. All of the statements about planned obsolescence are true.

Answers

Answer: C. Style modification creates planned obsolescence.

Explanation:

Planned obsolescence also referred to as the premature obsolescence or built-in obsolescence is when a product is designed with a limited useful life which is artificial, so that the product later becomes obsolete after a period of time. It should be noted that style modification creates planned obsolescence as there's always need to try out new things and evolve.

You have a machine that is staffed 8 hours per day. The average throughput rate is 28 batches per day, and the setup time is 5 minutes per batch. The plant operates 16 hours per day but the machine is staffed for 8 hours.
i. Average processing time per unitii. MTT per unit

Answers

Complete Question:

You have a machine that is staffed 8 hours per day. The average throughput rate is 28 batches per day, and the setup time is 5 minutes per batch. The plant operates 16 hours per day. For a batch size of 20 units, calculate....

i. Average processing time per unit

ii. MTT per unit

Answer:

i. 0.25 Minutes per unit

ii. 1.46 Minutes per unit

Explanation:

As we know that:

Average Processing Time per Unit = Total Available time / Units Processed per Day

Now, as we know that

Units Processed per Day = Batches Processed per Day * Units per Batch

And

Total Available Time = Operating time per day - Batches setup time per Day

By putting these two values in the above equation, we have:

Average Processing Time per Unit = (Operating time per day - Batches setup time per day) /  (Batches Processed per Day * Units per Batch)

Here

Operating time per Day 16 Hours per day

Batches setup time per day = 28 Batches * 5 minutes per batch / 60 minutes = 2.33 batches per hour

Batches Processed per Day are 28 batches per day

Units per Batch are 20 units per batch

By putting values, we have:

Average Processing Time per Unit = (16 Hours per Day - 2.33 Hrs) /  (28 Batches * 20 Units)

= (13.67 Hours) / (560 Units)

= 0.024405 Hours, which means that average time per unit is 1.46 Minutes per Unit (0.024405 Hours * 60 minutes).

Requirement 2:

We can compute Manufacturing Throughput Time by using the following formula:

Manufacturing Throughput Time = Machine Setup time / Batch size

Here

Machine Setup time is 5 Minutes

Batch Size is 20 Minutes

By putting the values, we have:

Manufacturing Throughput Time = 5 minutes / 20 minutes

= 0.25 minutes per unit

If you deposit an amount of $1000 today (January 1st) and continue depositing into the account an amount growing by 5% per annum at the end of each subsequent year for five years, what balance will you have in the account at the end of the 5th year? (r = 10% p.a.)
$ 3,150
$4,150
$5,150
$6,150

Answers

Answer:

$5,525.63

Explanation:

The formula for calculating future value = A (B / r)

B = [(1 + r)^n] - 1

R = interest rate

n = number of years

((1.05)^5 - 1) / 0.05 = 5.525631

$1000 x 5.525631 = $5,525.63

Neon Light Company has $1,000,000 in assets and $600,000 of debt. It reports net income of $100,000.A) What is the return on the assets?
B) What is the return on the stockholders' equity?
C) If the firm has an asset turnover ratio of 3 times, what is the profit margin (return on sales)?

Answers

Answer:

a. 10%

b. 25%

c. 3.3%

Explanation:

return on the assets = net income / total assets = $100,000 / $1,000,000 = 0.1 =  10%

return on the stockholders' equity = net income / total equity

Equity = Assets - liabilities =  $1,000,000 =  $600,000 =  $400,000

return on the stockholders' equity = $100,000 / $400,000 = 0.25 = 25%

profit margin = Net income / Revenue

asset turnover ratio = Revenue / total assets

3 = Revenue / $1,000,000

Revenue = $1,000,000 x 3 = $3,000,000

$100,000 / $3,000,000 = 0.033 = 3.3%

What are the four main types of access proposed by Andersen (1997)?

Answers

Explanation:

They are:

potential accessrealized accessequitable or inequitable accessefficient and effective access

According to Andersen, Potential access refers to the availability of resources that would allow an individual to seek care if needed. The Realized access is viewed as the actual use of the care, that is, the individual realizes (or makes use of ) the potential access. Further, Andersen describes Equitable access as a type of access driven by demographic characteristics and need. While Inequitable access results not from demographic characteristics and need but from the individual's social structure, health beliefs, and enabling resources.

A

________ engineering has resulted in the simultaneous performance of product and process design activities.

Answers

Answer:

D) Concurrent

Explanation:

These are the options for question

A) Stepwise

B) Progressive

C) Incremental

D) Concurrent

E) Discrete

Concurrent engineering helps to develop product design and process, it allows processes to take place simultaneously during production which makes the process to be attained at short period of time with great yield in order to meet the customers expectations.

It should be noted that Concurrent engineering result in simultaneous performance of product and process design activities.

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