Distributive t negotiation approach is described by the following situation: Sean has some extra cash and he wants to buy a new car. Sarah is desperate for cash so she puts her car up for sale, and Sean exploits this to get a great price.
Distributive bargaining is a type of negotiation in which both sides agree to share existing resources with each other for separation, and it is mostly a win-lose situation, while integrated bargaining is a type in which both sides try to further expand existing resources. Moving forward to a collaborative process, it is always a win-win situation. Distributive negotiations occur when the interests or goals of the parties are the same and conflict with each other.
These conditions are characterized by a limited or fixed supply of resources. The other party's interests or goals are in direct conflict with your own. In plain English, the parties try to claim the same value; Thus, the value obtained by one party means that the other party receives less value in the negotiation.
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Good research habits are critical to generating accurate, well-documented reports. Which of the following is a purpose for documentation of report data? Check all that apply. O To use others' ideas without giving credit to your sources. O To enable readers to make use of the information themselves.
O To prevent readers from pursuing a topic further O To save time
The purpose for documentation of report data is B: to use others' ideas without giving credit to your sources.
While documenting data, when the author includes the ideas and concepts of others in their writing, it is important that the idea should be recognizing and referring to the author who originally created that idea. Whenever you collect information and document it, it is considered a good practice that in your documentation when you report data, you should cite the idea to its associated author to give him credit rather than to yourself. It is considered to be a good research habit and is critical to generating accurate, well-documented data reports.
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under partial performance, if the buyer in an alleged contract for the sale of land has paid any portion of the sales price and either has begun to permanently improve the land or has taken possession of the land, the courts will consider the contract partially performed, and this partial performance will amount to proof of the contract.
The complete statement is "under partial performance, if the buyer in an alleged contract for the sale of land has paid any portion of the sales price and either has begun to permanently improve the land or has taken possession of the land, the courts will consider the contract partially performed, and this partial performance will amount to proof of the contract."
What is partial performance?Generally, It is possible for a party to be in violation of the agreement if they do not execute their duty at all if they do it but with significant flaws, or if they complete just a portion of their responsibilities, which is known as partial performance.
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CQ
under _________, if the buyer in an alleged contract for the sale of land has paid any portion of the sales price and either has begun to permanently improve the land or has taken possession of the land, the courts will consider the contract partially performed, and this partial performance will amount to proof of the contract.
suppose antonio and trinity are playing a game that requires both to simultaneously choose an action: up or down. the payoff matrix that follows shows the earnings of each person as a function of both of their choices. for example, the upper-right cell shows that if antonio chooses up and trinity chooses down, antonio will receive a payoff of 4 and trinity will receive a payoff of 5. trinity up down antonio up 4, 8 4, 5 down 2, 2 3, 4
The pay off matrix for Antonio and Trinity is illustrated below.
Pay off matrix:
In economics, a payoff matrix refers a table in which strategies of one player are listed in rows and those of the other player in columns and the cells show payoffs to each player such that the payoff of the row player is listed first.
Here we need to find the pay off matrix of Antonio and Trinity.
Here we know that, if Antonio chooses up and trinity chooses down, Antonio will receive a payoff of 4 and trinity will receive a payoff of 5.
Trinity
left Right
Antonio left 6,6 6,3
Right 4,3 5,5
Here the first digits in both left and right is Antonio's best response payoff given what Caroline chooses and the second digit on both left and right is Caroline's best response payoff based on what Antonio chooses.
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Cooke Corporation issues 10,000 shares of $50 par value preferred stock for cash at $80 per share. The entry to record the transaction will consist of a debit to Cash for $800,000 and a credit or credits to a. Preferred Stock for $800,000. b. Preferred Stock for $500,000 and Paid-in Capital in Excess of Par-Preferred Stock for $300,000 c. Preferred Stock for $300,000 and Paid-in Capital from Preferred Stock for $500,000. d. Paid-in Capital from Preferred Stock for $800,000
Preferred Stock for $500,000 and Paid-in Capital in Excess of Par-Preferred Stock for $300,000 is correct answer.
Thus, Option B is correct.
The journal entry to record the issuance is shown below :
General Journal | Debit | Credit |
-Cash (10,000 shares * $50). | $500,000 | |
-Paid-in Capital in Excess/Preferred Stock (10,000 shares * $30) | | $300,000 |
Preferred stock (10,000 shares * $80) | | $800,000 |
The corporation issues preferred stock, a hybrid security, to raise money from investors in exchange for their preferred shares of the business. A stated dividend rate is included in the stock's issuance. A corporation may issue a number of different forms of preferred shares.
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Wilmington, Inc. brands touch the lives of people around the world. Assume that in the current year the company had 10 billion shares of common stock authorized, 4 billion shares issued, and 3 billion shares outstanding. Par value is $1 per share. Wilmington, Inc. has been paying a dividend for over 100 years. Required: Assume that Wilmington, Inc. declared a dividend of $2.65 per share on October 1 to stockholders of record on October 15. Wilmington, Inc. paid the dividend on October 20. Prepare journal entries as appropriate for each date. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars not in billions (i.e., 1,000,000,000 not 1.0).) View transaction list Journal entry worksheet 2 3 Record the journal entry on October 1. Note: Enter debits before credits. General Journal Debit Credit Date October 01
Based on the information given the appropriate journal entries for Wilmington, Inc. are:
Wilmington, Inc. Journal entries
1. October 1, 2014
Retained Earnings $7,350,000,000
To Dividend Payable $7,350,000,000
(3 billion shares× $2.45)
(To record dividend declaration)
2. October 15, 2014
No Journal Entry
3. October 30, 2014
Dividend Payable $7,350,000,000
To Cash $7,350,000,000
(3 billion shares× $2.45)
(To record payment of dividend)
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on october 1, 20a1, borah, inc., a calendar year-end firm, invested in a derivative designed to hedge the risk of changes in fair value of certain assets, currently valued at $1.5 million. the derivative is structured to result in an effective hedge. however, some ineffectiveness may result. on december 31, 20a1, the fair value of the hedged assets has decreased by $350,000; the fair value of the derivative has increased by $325,000. borah should recognize a net effect on 20a1 earnings of:
The fair value of the hedged assets decreased by $350,000; the fair value of the derivative has increased by $325,000. borah should recognize a net effect on earnings of: $350,000 - $325,000 = $5,000.
An asset is any resource owned or managed through a business or an financial entity. it's far something that may be used to produce fine economic cost. belongings represent value of possession that may be converted into coins.
An asset is something that has current or destiny monetary fee to a enterprise. essentially, for corporations, assets consist of the whole lot managed and owned via the corporation this is currently precious or ought to provide economic gain in the future.
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An elderly client is visiting an Investment Adviser Representative (IAR) in the IA's office. He tells the IAR that he is going to have major surgery and is concerned about the safety of his stock certificates that he keeps at home in a small fireproof box. The Investment Adviser Representative wishes to help the client out. Which of the following should the IAR NOT do?
A. Drive the client to his house to retrieve the stock certificates and then take him to the bank used by the Investment Adviser where the client rents a safe deposit box in the client's name and deposits the securities
B. Ask the client for the name of his attorney and then call him to ask for his opinion of what should be done in this situation
C. Drive the client to his house to retrieve the stock certificates and then take him to the Investment Adviser's bank and place the certificates in the Investment Adviser's safety deposit box, making sure to write down all of the certificate numbers and other pertinent information
D. Drive the client to his house to retrieve the stock certificates and then take him to his bank where the client rents an existing safe deposit box and deposit the securities
The Investment Adviser Representative who wishes to help the client out should NOT Drive the customer to his home to collect the stock certificates, then accompany him to the bank of the investment advisor and have him deposit the certificates in the advisor's safety deposit box while taking careful note of all the certificate numbers and other important details.
Hence, option A is correct.
A qualified custodian, not the investment advisor, must have custody of any securities held in custody. If the investment adviser were to store the certificates in its own safe deposit box, it would be taking custody. It is acceptable to accompany the client to his bank where he deposits the securities in his current safe deposit box. (Selection D) Choice A is the best option because the customer can rent his own safe deposit box at any bank, including the one the IA uses.
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1. Kegler Bowling installs automatic scorekeeping equipment with an invoice cost of $190,000. The electrical work required for the installation costs $20,000. Additional costs are $4,000 for delivery and $13,700 for sales tax. During the installation, a component of the equipment is carelessly left on a lane and hit by the automatic lane-cleaning machine. The cost of repairing the component is $1,850.
What is the total recorded cost of the automatic scorekeeping equipment?
Included DR Machinery Total cost DR Expense Excluded Invoice cost Electric al work required for installation Delivery costs Sales tax Repair costs $ 190,000 20,000 4,000 13,700 1,850 $229,550 Total
2. Known liabilities:
-a. Include accounts payable, notes payable, and payroll
-b. Are obligations set by agreements, contracts, or laws
-c. Are measurable
-d. Are definitely determinable
-e. All of the choices are correct
Cost of invoice - Included, Delivery fees, sales tax, and any installation-related electrical work are all included. Repair expenses not included.
Electrical work includes manufacturing, constructing, installing, removing, adding, testing, replacing, repairing, modifying, or maintaining electrical equipment or an electrical installation. It also includes connecting electricity supply wiring to electrical equipment or disconnecting electricity supply wiring from electrical equipment. Illustrations of electrical work wiring a structure with low voltage electrically putting electrical equipment into a coupler or connector during installation changing a washing machine's low voltage electrical component maintaining the overhead distribution system of an electrical organization. Installing and maintaining electrical systems, equipment, and gadgets are a few instances of the technical abilities needed for electricians. using and caring for hand and power equipment including drills, pliers, and screwdrivers.systemic wiring repairs. installing cables, tubing, and conduit for electrical use.
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firm has a cash conversion cycle of 80 days, an average collection period of 25 days, and an average age of inventory of 70 days. Its operating cycle is ________ days.
A) 95
B) 105
C) 60
D) 130
As per the cash conversion cycle, the operating cycle is 95 days.
What is meant by cash conversion cycle?
In economics, cash conversion cycle means a metric that expresses the time that it takes for a company to convert its investments in inventory and other resources into cash flows from sales.
Here we have a firm has a cash conversion cycle of 80 days, an average collection period of 25 days, and an average age of inventory of 70 days. And we need to find its operating cycle in days.
The standard the mathematical formula for CCC is represented as,
=> DSO = DIO + DPO
where:
DIO=Days of inventory outstanding
DSO=Days sales outstanding
DPO=Days payables outstanding
Here we know that the value of DIO = 70, CCC = 80, DPO = 25, the the operating cycle is calculated as,
=>DSO = 70 + 25
=> DSO = 95
Therefore, option (a) is correct.
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Which of the following is considered a benefit for broker-dealers offering margin accounts to their customers?
The additional income generated from the payment of margin interest is considered a benefit for broker-dealers offering margin accounts to their customers.
A trader with a margin account can borrow money from their broker without having to put up the whole amount of the trade. In general, a margin account enables a trader to trade both stocks and other financial instruments like futures and options (if permitted and offered by that broker).
Investors can boost their buying and trading power by taking out a loan from a broker-dealer through a margin account. Leverage is a component of margin account investing that raises the possibility of an investor's gains and losses being amplified.
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Which of the following prohibits consumers from taking cash from manufacturers, suppliers, or their representatives for making recommendations, reviews, or endorsements, unless full disclosure is provided?
A) the Word of Mouth Marketing Association's ethics code
B) the Fourth Principle of IMC
C) the American Association of Advertising Agencies' Creative Code
D) the TARES Test of Ethical Advertising
E) the Potter Box
A
The Word of Mouth Marketing Association's ethics code prohibits consumers from taking cash from manufacturers, suppliers, or their representatives for making recommendations, reviews, or endorsements, unless full disclosure is provided
The American Marketing Association pledges to support its members' upholding the highest standards of professional ethical standards and principles (practitioners, academics and students). Norms are accepted codes of behavior that are upheld by society and/or professional organizations.
The core of marketing, despite the fact that it encompasses a variety of activities, is satisfying client demands in exchange for fair compensation. Marketing, according to Management Help, identifies customer wants before deciding how to satisfy them.
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economics is the study of choice under conditions of scarcity. as individuals, and as a society, we have unlimited desires for goods and services. unfortunately, the resources needed to produce those goods and services are scarce. therefore, we must choose which desires to satisfy and how to satisfy them. economics provides the tools that explain those choices question 5 options: argument nonargument.
Economics is the study of scarcity and how it affects how resources are used, how commodities and services are produced, how production and welfare increase over time, and a wide range of other complicated concerns that are extremely important to society.
The social science of economics focuses on the analysis of resource scarcity. It examines variables that have an impact on how products and services are produced, distributed, and consumed in an economy. It investigates how people, organizations, and governments distribute limited resources.
People who study economics are better able to comprehend their surroundings. It makes it possible for people to comprehend other people, organizations, markets, and governments, enabling them to better react to the challenges and possibilities that arise when circumstances change.
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The Rational Rule for Sellers is that sellers should choose the quantity _____ and choose the price _____.
1where marginal revenue equals marginal cost; with maximum marginal revenue
2that is associated with a minimum average total cost; with maximum marginal revenue
3that is associated with a minimum average total cost; that is on the seller's demand curve for the quantity
4where marginal revenue equals marginal cost; that is on the seller's demand curve for that quantity
The Rational Rule for Sellers is that sellers should choose the quantity where marginal revenue equals marginal cost and choose the price that is on the seller's demand curve for that quantity.
The rational rule for sellers states that if the price is: less than the marginal cost; less than the marginal benefit; or more than or equal to the marginal benefit, the seller should sell one more unit of the good.
The Rational Rule for Buyers states that one should purchase more of anything if the additional benefit outweighs (or is equal to) the price.
The foundation of economic theory is the premise that people's economic choices are reasonable. This has two capabilities: Most of the time, they want to maximize their own financial self-interest. They are able to calculate the financial costs and reward themselves for different decisions.
Hence the correct option is 4
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the total physical damage due to the september 11th attacks was about $16 billion. the economic damage is estimated to be $30 billion. we can thus estimate that the wealth of the u.s. dropped in the matter of a few hours by about $46 billion, causing group of answer choices deflation and the unemployment rate to fall deflation and the unemployment rate to rise inflation and the unemployment rate to rise inflation and the unemployment rate to fall
The economic damage caused by the September 11th attacks was estimated to be about $30 billion, which included a drop in the wealth of the US economy by about $46 billion.
This had a deflationary effect on the US economy, causing the unemployment rate to fall. This is because when the US economy is hit with a large drop in wealth, businesses tend to cut costs by decreasing the number of employees, leading to a decrease in the unemployment rate.
An economy experiences deflation, also known as negative inflation, when prices generally decline. This may be due to a surplus of commodities relative to the demand for those things, but it may also be due to an increase in the purchasing power of money.
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previously, management calculated the number of kanban cards allowed by using a value of 1.3 for x. assuming nothing else (e.g., usage rates, container capacities, etc.), which of the following values for x would indicate management's belief that the system has become more efficient? multiple choice 1.4 2.6 2.3 1.2 1.5
Decreasing values for X indicate, everything else being equal, a system that is improving in efficiency at 1.2.
The term efficiency can be defined because the capability to gain an give up intention with little to no waste, effort, or electricity. Being efficient way you may obtain your results by using putting the sources you have got in the great manner viable. positioned really, some thing is efficient if nothing is wasted and all procedures are optimized.
efficiency is whilst you do the same matters quicker or with much less waste. as an example, you may find a higher manner to run a venture fame assembly so it takes half-hour on average rather than 45 mins. Effectiveness is locating a manner to improve effects, possibly with the aid of doing some thing very otherwise.
enterprise performance refers to how a good deal a corporation or business enterprise can produce because it pertains to the quantity of time, money and resources needed. In different phrases, a enterprise's efficiency measures how well it may rework things like substances, hard work and capital into products and services that produce sales.
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at the current quantity that a firm is selling, the firm has marginal revenue of $750$750 and marginal cost of $800$800. which of the following is true?
If the company reduced the quantity sold, the earnings would rise.
How can you boost profits while reducing losses?a. Organize yourself.
b. Offer fantastic client service.
c. Carry out efficient marketing.
d. Spend money on your staff.
e. Set the proper pricing.
How can you boost revenue without boosting sales?a. Examine the Gross Margin.
b. Market Your Most Lucrative Products.
c. Set Your Products Apart.
d. Market Third-Party Add-Ons; e. Reduce Wastage; f. Benefit from Cash Settlement Discounts.
Spending nothing will result in a loss for your company. All of these cost supplies, workers, office space, materials, and inventory are necessary for running a profitable firm. When required, do not be scared to spend money.
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1) Effective capacity is
A. also called theoretical capacity.
B. base capacity plus time for maintenance, breaks, and absenteeism.
C. the amount of capacity that can be used in planning for actual output.
D. all of the above.
Effective capacity is the amount of capacity that can be used in planning for actual output.
Effective capability is the quantity of garage this is allotted to applications. Using thin-provisioned garage architectures, the powerful capability is actually large than the array usable capability. This is made viable with the aid of using over-committing capability, or with the aid of using compressing the server data.
Effective capability is layout capability minus private and different allowances. Product and provider elements impact capability tremendously. Chapter five makes a specialty of capability making plans for merchandise and offerings.
Capacity is the cap potential of a structures capacity for generating items or turning in offerings over a particular time interval. Output is the end result of powerful capability however now no longer a determinant of powerful capability. Determinants of powerful capability encompass outside elements consisting of legislation/policies.
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lisun company produces a variety of gardening tools and aids. the company is examining the possibility of investing in a new production system that will reduce the costs of the current system. the new system will require a cash investment of $4,607,200 and will produce net cash savings of $800,000 per year. the system has a projected life of 9 years. required: calculate the irr for the new production system. for discount factors use exhibit 12b-2. round your answer to the nearest whole percentage. fill in the blank 1 %
The IRR for the new production system is 80%.
A cash investment is a short obligation, sometimes fewer than ninety days, that gives a come back within the variety of interest payments. Investors that are trying to find a secure investment and looking out to preserve their capital can prefer secure investment vehicles, like money investments.
Net cash is a figure that's reportable on a company's monetary statements. It's calculated by subtracting a company's total liabilities from its total cash. Net cash figure is often used once evaluating a company's money flows. Net cash is calculated by subtracting liabilities from a company's money balance.
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Morgan Company issues 10%, 20-year bonds with a par value of $850,000 that pay interest semiannually. The current market rate is 9%. The amount paid to the bondholders for each semiannual interest payment is:
Answer Choices:
1) $425,000
2) $42,500
3) $76,500
4) $85,000
5) $38,250
The amount paid to the bondholders for each semiannual interest payment is $42,500 for a deposit of $850,000.
What is a deposit?Money held at a bank is referred to as a deposit in the world of finance.A deposit is a transaction in which money is transferred to another party for safekeeping. However, a deposit can also refer to a sum of money used as security or interest for the delivery of an item.A deposit might have two different meanings. One type of deposit entails the transfer of money to a third party for safekeeping.According to this definition, a deposit is cash that an investor deposits into a savings or checking account with a bank or credit union.The individual or entity who made the deposit retains ownership of the interest, and they are free to withdraw it whenever they like, move it to another person's account, etc.Amount of interest paid to the Bond Holder for every half yearly
Interest = 850,000x 10% x 6/12 = $42,500
Hence, The amount paid to the bondholders for each semiannual interest payment is $42,500.
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If an activity is determined to be on the critical path, that means that it will affect project ____________. A. direct costs B. performance C. quality D. conflict E. duration
If an activity is determined to be on the critical path, that means that it will affect project duration.
Describe critical path in a project.The fundamental tenet of critical path analysis is that you can't begin some tasks until others have been completed. Each stage of these duties must be finished before the next may start in order to be accomplished. The critical route is made up of the lengthiest series of tasks that must be carried out from beginning to end in order to guarantee that the project is accomplished by a specific date. The vital path's actions need to be closely monitored. Take prompt steps to put the project back on track if tasks in the critical path are delayed. If not, the entire project may be delayed.
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documents stored on the world wide web are written and linked together using . businesses develop intranets so that valued customers have access to internal information that is not available to the general public. give managers access to large amounts of data and the processing power to convert the data into high-quality information quickly and efficiently. the two broad categories of software are: are files of related facts and figures organized according to a logical system and stored on hard drives or some other computer-accessible storage media. a(n) is an internet-based firm that specializes in the secure electronic transfer of funds. alice, the global marketing director of a multinational electronics manufacturing firm, is assigned the task of expanding her firm in growing new markets. she learns that the labor is expensive and that the technical equipment required for production is unavailable in the international market. in this case, which of the following is most likely affecting the global trade of alice's firm? companies typically engage in to meet the needs of customers that don't have access to hard currency or credit. the expresses the value of one nation's currency in terms of another nation's currency. means buying products from overseas that have already been produced. identify a true statement about comparative advantage. balance of payments deficit means that: balance of payments includes foreign borrowing and lending, foreign aid payments and receipts, and foreign investments. is the benefit a country has in a given industry if it can make products at a lower opportunity cost than other countries. quitor inc., which is based in the u.s., contracts with falconnien suppliers, a small-scale supplier in taiwan, to manufacture its computers and tablets across the world. this strategy by quitor inc. is an example of . which of the following is the most costly form of foreign direct investment?
The correct answer is intranet. Employees must be linked to the company LAN, have a unique network password, and access their workplace intranet.
What is intranet?An intranet is a private network that is part of an organisation and is used to securely distribute data and computing resources among staff members.
Working in groups and holding teleconferences are two other uses for intranets.
Intranets promote internal communication in businesses. To maintain intranet security, a database with all the usernames of workers with network access credentials is frequently employed.
A web server that handles requests for data stored on the server is necessary for a safe and dependable intranet. The requested files are located by the web server, who then sends them to the correct user.
Leased lines linking to resources on wide area networks and connected local area networks can make up an intranet. TCP/IP, HTTP, and other internet protocols are used by the intranet's web server.
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the accounts receivable turnover ratio is calculated by taking: multiple choice question. net credit sales / average accounts receivable average accounts receivable/ net sales net income / average accounts receivable average accounts receivable / net income
The accounts receivable turnover ratio is calculated by taking net credit sales / average accounts receivable.
Accounts Receivable (AR) Turnover Ratio Formula & Calculation The AR Turnover Ratio is calculated by dividing net sales by the average amount of accounts receivable. Net sales are calculated by adding the sum of sales on credit, sales returns, and sales allowances.Accounts receivable turnover ratio, which refers to the number of times your business collects its typical accounts receivable in a particular period, is a gauge of how effective your collections are. By dividing your net credit sales by your average accounts receivable for the time period, you may find the AR turnover ratio.The average number of times a firm collects its accounts receivable amount is measured by the accounts receivables turnover ratio. It is a measurement of how well a business manages its line of credit procedure and collects unpaid bills from customers.Thus the correct answer option A.
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In which of the following market structures is firm interdependence and strategic behavior most commonly observed?
a) Monopoly protected by a patent
b) Short-run perfect competition
c) Monopsony
d) Oligopoly
e) Monopolistic competition
Option D is correct, Oligopoly market structures are firm interdependence and strategic behavior most commonly used.
It is a market structure in which a small group of significant sellers or producers control an entire market or sector. Oligopolies frequently arise from the goal to maximize profits, which can result in corporate collaboration. It exists when there are two to 10 vendors offering similar or distinctive goods in a market. The market for cold drinks is a prime illustration of an oligopoly. No single company has a significant degree of market power in an oligopoly. As a result, no company may raise prices above what would be the case in a world of perfect competition.
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bolka corporation, a merchandising company, reported the following results for october: sales $ 464,000 cost of goods sold (all variable) $ 173,500 total variable selling expense $ 24,600 total fixed selling expense $ 23,000 total variable administrative expense $ 8,900 total fixed administrative expense $ 38,200 the gross margin for october is: The contribution margin for October is:
Multiple Choice
$257,000
$207,000
$290,500
$195,800
The contribution margin for the month of October will be $290,500.
What is the contribution margin?
A gross or per-unit basis might be used to express the contribution margin. It indicates the additional revenue made for each product or unit sold after the variable element of the business's costs has been subtracted. The selling price per unit less the variable cost per unit is the contribution margin. The metric, also known as dollar contribution per unit, shows how a specific product affects the company's overall earnings. It offers a means of demonstrating the potential for profit of a specific product being offered by a business and displays the percentage of sales that goes toward paying the business's fixed costs. Profit is the amount that remains after fixed expenses have been paid.
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refer to scenario 13-19. in producing the 7,000 pounds of cheese, the firm's average variable cost was a. $4.00. b. $5.71. c. $1.71. d. $6.00.
The firm's average variable cost was $4.00. Therefore, option (a) is the correct answer.
A variable expense is one that a business bears and that shifts along with output and sales. It is not fixed, unlike fixed costs. The variable cost increases as production increases because additional raw materials must be purchased.
Variable cost plus fixed cost equals the total cost of production. The difference between sales and total costs is used to determine profit. A business must reduce its overall costs if it wishes to boost earnings. Cost reduction requires a decrease in variable expenses because fixed costs are nearly hard to cut.
In the given question,
Quantity, Q = 7,000 units
Total Variable Cost, VC = $28,000
Therefore,
Average Variable Cost, AVC = VC/Q
= 28,000/7,000
= $4
Therefore, $4.00 is the required average variable cost.
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Complete question:
Scenario 13-19
Doreen’s Dairy produces and sells Swiss cheese. Last year, it produced 7,000 pounds and sold each pound for $6. In producing the 7,000 pounds, the dairy incurred variable costs of $28,000 and a total cost of $40,000.
Refer to scenario 13-19,
In producing the 7,000 pounds of cheese, the firm's average variable cost was
a. $4.00. b. $5.71. c. $1.71. d. $6.00.
which of the following results in the depreciation of a country's currency and may cause more stable currencies, such as the u.s. dollar or the european euro, to come into widespread use?
Hyperinflation is the results in the depreciation of a country's currency and may cause more stable currencies, such as the U.S. Dollar or the European Euro, to come into widespread use.
Depreciation of country's currency can be for a number of reasons, including economic and political instability, a trade deficit, and inflation. When a currency depreciates, it becomes less valuable relative to other currencies.
This can lead to higher prices for imported goods, and can make a country's exports more expensive and less competitive. A currency depreciation can also have a negative impact on a country's economy and its citizens.
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indicate the effect each separate transaction has on investing cash flows. note: amounts to be deducted should be indicated with a minus sign. sold a truck costing $44,500, with $23,800 of accumulated depreciation, for $9,800 cash. the sale results in a $10,900 loss. sold a machine costing $12,400, with $8,900 of accumulated depreciation, for $6,800 cash. the sale results in a $3,300 gain. purchased stock investments for $20,500 cash. the purchaser believes the stock is worth at least $31,800.
The Investing Section of the Cashflow statement manages fixed resources, as well as exchanges including protections and obligations of different substances such as those, investments.
Impacts of Above Transactions.
Sold a Truck for $9,800. This will Build the Putting away Income by $9,800.
Sold a Machine for $6,800. This will Build the Putting away Income by $6,800.
Bought corporate securities for $20,500 cash. This will Diminish the Putting away Income by - $20,500 as it was a money Outpouring.
The Putting away Part of the Cash Flow Statement will seem to be,
Sold a Truck for $9,800
Sold a Machine for $6,800
Bought corporate securities - $20,500
= ($9,800 + $6,800 - $20,500)
=$-3,900
Net Cashflow from Investing Activities is $-3,900.
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The Cost Of Goods Available For Sale Consists Of The Cost Of Beginning Inventory Plus The Cost Of Goods Purchased During The Period.
The statement 'The cost of goods available for sale consists of the cost of beginning inventory plus the cost of goods purchased during the period' is false.
The cost of a good is set by such a process that the inventory plus the cost that it took for the production of that product are considered. The cost of all the goods that are purchased during that period is not considered when setting the cost of goods. Hence, the statement above is false.
The cost of goods if including the goods purchased during that period will be much higher and goods cannot be sold at such a high value as customers will not buy them then. Hence, only the inventory cost and the making of the product are considered when the cost of goods is set.
Although a part of your question is missing, you might be referring to this question:
The cost of goods available for sale consists of the cost of beginning inventory plus the cost of goods purchased during the period. True or False
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Judith is a CPA with an excellent reputation and client base. She sells her tax preparation business to Shawn, and the sales contract includes a non-compete clause restricting Judith from opening a similar business for one year within a 10-mile radius of her former office. If she opens a tax preparation office five miles away after one year, a court would probably
a. order confiscation of all of her new client files and turn them over to Shawn.
b. refuse to enforce the non-compete clause, as it is unreasonable regarding time and geographic area.
c. grant an injunction barring her from operating the new office.
d. refuse to become involved, as the non-compete clause was illegal.
If Judith opens a tax preparation office five miles away after one year, a court would probably grant an injunction barring her from operating the new office.
How to explain the given situation?A CPA (Certified Public Accountant) is an accounting practitioner who has been granted authorization and a license by a state or territory to provide the general public with accounting services, including tax preparation.
The term "noncompete clause," also known as "NCC" refers to a scenario or provision in which one party or an individual agrees not to compete with the other party, either during or after the contractual relationship.
This language, which frequently appears in contracts between employers and employees, is meant to stop workers from getting into industries or professions that the employer deems to be directly competitive.
In this instance, a noncompete clause (NCC) in the sales contract that Judith made with Shawn prevents her from starting a competing business for two years within a 10-mile radius of her former workplace.
Therefore, If Judith opens a tax preparation office five miles away after one year, a court would probably grant an injunction barring her from operating the new office.
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joshua applies for a bank loan to purchase a new house. however, joshua's creditworthiness is questionable so the bank requests that a third party with reasonable creditworthiness cosign the loan agreement. joshua's sister, emily, cosigns as a guarantor while joshua is the surety. within the year, joshua loses his job and his loan payments are delayed for over two months. which of the following is most likely to be true in this case?
The bank must pursue Joshua and attempt to collect as much as possible from him before it can pursue Emily.
Why do banks require collateral when granting a borrower credit?A property or other type of physical wealth that the borrower holds, such as a home, animals, a car, etc., is known as collateral. The banks provide money to the borrower based on these assets. For the lender, the collateral acts as a form of security.
A secured creditor is what, exactly?Any lender or creditor connected to the creation of a credit product that is supported by collateral is a secured creditor. Collateral serves as backing for secured credit products. Assets that are pledged as security for the repayment of a loan are referred to as collateral in the context of a secured loan.
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