Answers
Explanation:
At a price of $4.00, the quantity is 1 + 5 + 8 = 14.
At a price of $2.00, the quantity is 0 + 3 + 4 = 7.
The quantity decreased by 7. So A and B are false.
Ann's supply curve is linear, so her change in quantity will be proportional to the price change. However, Barry and Charlie have nonlinear supply curves, so their change in quantity will not be proportional. So D is false.
Only C is true. At a price of $2.00, Charlie's quantity is 0.
Related Questions
A successful employee at Gawker media has to be able to smell a great story, uncover the facts of the story, and professionally weave it all together into a great story. The ability to uncover the facts of a story requires good journalists to set aside their own ______________ component of attitude.
Answers
Answer:
Behaviorial.
Explanation:
The behavioral component of an individual's attitude is defined by the way the individual behaves influenced by their attitudes. In the case of a professional who needs to discover facts of a story in a professional way so that he can publish a great story, his behavioral component of attitude will be neglected by the fact that the actions taken will be in favor of a job that requires the individual has a certain type of behavior, and not because this is a behavioral attitude that he would have if he were in a personal situation of his life.
Which of the following statement is not true about the Project stakeholders?
A. Stakeholders responsibilities may overlap.
B. Stakeholders may have different agenda.
C. Project Managers must understand how stakeholders can affect the project.
D. All stakeholders must be independent of each other.
Answers
I think d is the answer
Explanation:
all stakeholders must not be independent all must work together
Uber Beacon would be an example of which of the following?
A. core innovation.
B. innovation system.
C. process innovation.
D. transformational innovation
Answers
Answer:
Uber Beacon is an example of core innovation.
Explanation:
Uber Beacon is an example of core innovation because its a product upgrade that enable customers identify the exact car picking them up and enhance the ride experience.
Core innovation is simply studying the norm and creating a new pattern to change or integrate the existing pattern. Core innovation can be an upgrade of an existing platform or total replacement which in turns improves customers' experience. Uber Beacon is a change in pattern as it improves customers' expectations.
A company's marginal revenue function is MR=150−8x1/3, where x is the number of units. Find the revenue function. (Evaluate C so that revenue is zero when nothing is produced.)
Answers
Answer:
R(x) = 150x - 6[tex]x^{4/3}[/tex]
Explanation:
Marginal Revenue function = 150 - 12[tex]x^{1/3}[/tex]
Revenue function = [tex]\int\limits^a_b {150 - 8x^1/3} \, dx[/tex]
R(x) = 150x - 8*(x^1/3+1) / (1/3 + 1) + c
R(x) = 150x - 8*3/4x^4/3 + c
R(x) = 150x - 6x^4/3 + c
Given R(o) = 0
R(o) = 0 = O + C --- C = O
R(x) = 150x - 6[tex]x^{4/3}[/tex]
On March 1, 2021, Brown-Ferring Corporation issued $100 million of 12% bonds, dated January 1, 2021, for $99 million (plus accrued interest). The bonds mature on December 31, 2040, and pay interest semiannually on June 30 and December 31. Brown-Ferring’s fiscal period is the calendar year. Required: 1. Determine the amount of accrued interest that was included in the proceeds received from the bond sale. 2. Prepare the journal entry for the issuance of the bonds by Brown-Ferring.
Answers
Answer and Explanation:
1. The amount of the accrued interest rate is
= Principal × rate of interest × time period
= $100,000,000 × 12% × 2 months ÷ 12 months
= $2,000,000
The 2 months are considered from December 31 to March 31
2. And, the journal entry is
Cash Dr $101,000,000 ($99,000,000 + $2,000,000)
Discount on bond payable $1,000,000
To Bond payable $100,000,000
To Interest payable $2,000,000
(being the issuance of the bond is recorded)
Here it debited the cash as it increased the assets and credited the bond payable and interest payable as it also increased the liabilities
Answer:
$2,000,000
Explanation:
Last year there was no change in either the raw materials or the work in process beginning and ending inventories. However, finished goods, which had a beginning balance of $25,000, increased by $15,000. If the manufacturing costs incurred totaled $600,000 during the year, the cost of goods available for sale must have been:
Answers
Answer:
cost of goods available for sale= $625,000
Explanation:
Giving the following information:
Finished goods beginning balance= $25,000
Total manufacturing costs= $600,000
To calculate the cost of goods available for sale, we need to use the following formula:
cost of goods available for sale= finished goods beginning balance + total manufacturing goods
cost of goods available for sale= 25,000 + 600,000
cost of goods available for sale= $625,000
1. Sid bought a new $1,500,000 seven-year class asset on August 2, 2020. On December 2, 2020, he purchased $900,000 of used five-year class assets. If Sid elects Sec. 179 and does not take additional first-year depreciation, what is the maximum cost recovery deduction for these purchases for 2020
Answers
Answer:
Total cost recovery deduction = 1251450
Explanation:
Given the seven-year class asset bought by the Sid = $1500000
On 2nd December the five-year class asset bought = $900000
Now we have to find the cost recovery deduction for 2020.
900000/(900000 + 1500000) = 37.5% Thus, use half-year convention and avoid mid quarter
1500000 – 1,000,000 (Sec 179 limit) = 500000
500000 x 14.29% = 71450
900,000 x 20% = 180,000
1,000,000 + 71450 + 180,000
Cost recovery for 7 year asset = 1,071450
Cost recovery 5 year asset = 180000
Total cost recovery deduction = 1251450
5. Firm Q is about to engage in a transaction with the following cash flows over a three-year period: Year 0 Year 1 Year 2 Revenue Received $10,000 $12,500 $18,000 Deductible expenses (3,400 (5,000 (7,000 Nondeductible expenses (800 (1,100 -0- If the firm’s marginal tax rate over the three-year period is 35% and its discount rate is 10%, compute the net present value of the transaction.
Answers
Answer: $12,830.91
Explanation:
Year 0
Net Cash = Revenue - Expenses - Tax
Tax = (Revenue - Deductible expenses) * tax rate
= ( 10,000 - 3,400) * 0.35
= $2,310
Net Cash = 10,000 - 3,400 - 800 - 2,310
= $3,490
Present Value is the same as this is Year 0.
Year 1
Tax = (Revenue - Deductible expenses) * tax rate
= ( 12,500 - 5,000) * 0.35
= $2,625
Net Cash = 12,500 - 5,000 - 1,100 - 2,625
= $3,775
Present Value is;
= 3,775 / ( 1 + 10%)
= $3,431.82
Year 2
Tax = (Revenue - Deductible expenses) * tax rate
= ( 18,000 - 7,000) * 0.35
= $3,850
Net Cash = 18,000 - 7,000 - 0 - 3,850
= $7,150
Present Value is;
= 7,150 / ( 1 + 10%) ^ 2
= $5,909.09
Net Present Value = PV0 + PV1 + PV2
= 3,490 + 3,431.82 + 5,909.09
= $12,830.91
During the current year, Elk Company incurred the following direct labor costs: January $40,000 and February $60,000. Elk uses a predetermined overhead rate of 120% of direct labor cost. Estimated overhead for the 2 months, respectively, totaled $39,000 and $71,400. Actual overhead for the 2 months, respectively, totaled $50,000 and $67,000. Was overhead under- or overapplied during January and by how much?
Answers
Answer:
January Overheads are under-applied by $2,000.
Explanation:
When,
Actual overheads > Applied overheads we say overheads are under-applied.
Actual overheads < Applied overheads we say overheads are over-applied.
Where,
Applied overheads = Predetermined overhead rate × Actual Activity
Therefore,
Applied overheads (January) = 120% × $40,000
= $48,000
Actual overheads (January) = $50,000.
Conclusion
It can be seen that from the above : Actual overheads : $50,000 > Applied overhead : $48,000, therefore overheads were under-applied.
Amount of under-applied overheads = $50,000 - $48,000
= $2,000
What is something an escrow agent should never do?
a) Receive money from lenders.
b) Offer legal advice.
c) Obtain title insurance.
d) Prepare closing documents.
Answers
Answer: Obtain title insurance
Explanation:
An escrow agent is someone who is trusted and holds property for third parties in case there's a ongoing disagreement that's being settled or in case whereby a transaction is being finalized and this role is usually performed by an attorney
An escrow agent can:
• Receive money from lenders.
• Offer legal advice.
• Prepare closing documents.
Therefore, an escrow agent should not obtain title insurance.
The president of Nash Company is considering a proposal by the factory manager for the purchase of a machine for $72,500. The useful life would be eight years, with no residual scrap value. The use of the machine will produce a positive annual cash flow of $14,000 a year for eight years. An annuity table shows that the present value of $1 received annually for eight years and discounted at 10% is 5.335. The net present value of the proposal, discounted at 10%, is:___________A. ($3,868).B. $2,190.C. $3,868.D. Zero.
Answers
Answer:
B. $2,190
Explanation:
Calculation for the net present value of the proposal
Using this formula
Net present value=(Annual cash flow×Discounted present value)- Machine purchase amount
Let plug in the formula
Net present value=($14,000 ×5.335)-$72,500
Net present value=$74,690-$72,500
Net present value= $2,190
Therefore the Net present value will be $2,190
At the beginning of the call, the team members ask how one another is doing and mention the weather. What piece of advice for virtual meetings does
this best match?
Answers
Answer:
At the beginning of the virtual meeting it is okay to start with small talks such as the weather.
Explanation:
No option was given here so I think the answer is to make room for small talk. Opening up straight with the meetings agenda is not a very good way to start. By using small talks, each member of the meeting would be more open and flow better with the meetings agenda. Before the meeting starts a few minutes of small talk such as these would get everyone warmed up. And members would feel more comfortable.
The piece of advice for virtual meetings does this best match should be like small talks like how was the weather there.
Virtual meeting:The meeting that should be conducted online is known as the virtual meeting. By starting with the main thing of meeting should not give the good impact.
So its better to start with the small talks so that everyone in the meeting should be feel comfortable first and according to the conversation, the agenda of the meeting should be come with.
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The following information was taken from the accounting records of Light Tool Corporation. Work in process inventory, beginning of the year $ 50,000 Cost of direct materials used 260,000 Direct labor cost applied to production 135,000 Cost of finished goods manufactured 897,750 Overhead assigned to production was $500,000. Compute the amount of the work in process inventory on hand at year-end.
Answers
Answer:
47,250
Explanation:
The manufacturing costs in the year is the sum of work in process inventory, at the beginning of the year, the cost of direct materials, the direct cost of labor and the overhead assigned to production as computed thus:
manufacturing costs=50,000+260,000+135,000+500,000
manufacturing costs=945,000
amount of the work in process inventory on hand at year-end=manufacturing costs-cost of finished goods manufactured
amount of the work in process inventory on hand at year-end=945,000-897,750= 47,250
Jim Company bought a machine for $36,000 with an estimated life of 5 years. The residual value of the machine is $6,000. This machine is expected to produce 120,000 units. In year 1, it produced 19,000 units, and in year 2, 38,000 units. Assuming the units-of-production method, calculate the first 2 years’ depreciation.
Answers
Answer:
Year 1 $4,750
Year 2 $9,500
Explanation:
Calculation for the first 2 years' depreciation
Since we were told that in year 1 it produced 19,000 units which means that the depreciation will be calculated as :
Year 1 Depreciation =19,000 units÷4 years
Year 1 Depreciation=$4,750
Calculation for Year 2 Depreciation
Since we were told that in year 2, 38,000 units was produce which means that the Depreciation will be calculated as :
Year 2 Depreciation =19,000 units÷2 years
Year 2 Depreciation =$9,500
Therefore Year 1 depreciation will be $4,750 while Year 2 depreciation will be $9,500.
________is due to the inability to "successfully" adapt in the new country.
Answers
Answer:
Acculturative stress
Explanation:
Acculturation can be defined as the experiences and changes, which may be psychological, social or cultural that individuals and group of people undergo when they come into contact or are trying to adapt with a different culture in a society.
Hence, acculturation involves the process of transferring customs, beliefs and values from a cultural group to another.
This ultimately implies that, acculturative stress is due to the inability to "successfully" adapt in the new country. For instance, an African immigrant who migrates to the United States of America may experience a significant level of stressors in adapting to the cultural values, customs and beliefs of the people living in the particular state or region.
Business taxes increase. what is the impact on aggregate expenditures and income?
Answers
Another thing the business might do to make up for the loss in profit due to the raise in taxes is they might lay off some employees thereby making those fired employees incomes fall to zero, they may also reduce the remaining employees wages or salaries so that business costs fall and a good profit level is reached for the business.
Under The Factoring Arrangement, The Factor
Answers
Answer:
Hope this may help you
If consumers start to believe they need a product, what is likely to happen? A. The demand becomes less elastic. B. The demand becomes more elastic. C. The supply decreases. D. The price decreases.
Answers
Answer:
A) The demand becomes less elastic.
Explanation: I took the quiz ^-^
Answer:
A. The demand becomes less elastic.
Explanation:
I just took the test on edge :)
This and the following three questions are related: Suppose that you are a major airline that has budgeted a price of fuel of 1.3840 USD/gal for fiscal year 2021 and you plan to end up buying 1 million gallons of it. To hedge against possible increases in the price you buy a one-year call option with a strike price of 1.4539 USD/gal for 1 million gallons with a premium of 1 cent/gal. How much would you the total premium of the option be
Answers
Answer:
A. 10,000 USD
Explanation:
Total premium will be as given below
= 1 million gallons * 1 cent/gal
= 1,000,000 * (1/100)
= 10,000USD
Note: Options to question is as attached
protect the fundamental rights and liberties of citizens.
O Legislation and common law
O Equivalent branches of the government
The legislative branch of the government
The executive office of the United States
Answers
Answer:
I believe your answer is AKansas Enterprises purchased equipment for $73,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $7,500 at the end of five years. Using the double-declining balance method, depreciation expense for 2022 would be:___________.
a. $26,200
b. $15.720
c. $17.520
d. $29.200
Answers
Answer: 29.200
Explanation:
Entrepreneurship can be very challenging. Which is not a typical challenge of being an entrepreneur?
Answers
Answer:
Financial reward is not a typical challenge
Explanation:
A manufacturer of tiling grout has supplied the following data:
Kilograms produced and sold 340,000
Sales revenue $1,910,000
Variable manufacturing expense $956,000
Fixed manufacturing expense $258,000
Variable selling and administrative expense $363,000
Fixed selling and administrative expense $224,000
Net operating income $109,000
The company's contribution margin ratio is closest to:_______.
(A) 49.9%
(B) 81.0%
(C) 30.9%
(D) 74.8%
Answers
Answer:
(C) 30.9%
Explanation:
Calculation for the company's contribution margin ratio
First step is to find the Contribution margin using this formula
Contribution margin = Sales - Variable expenses
Let plug in the formula
Contribution margin = $1,910,000-$1,319,000
Contribution margin = $591,000
Second step is to calculate for the Contribution margin ratio using this formula
Contribution margin ratio= Contribution margin ÷ Sales
Let plug in the formula
Contribution margin ratio = $591,000 ÷ $1,910,000
Contribution margin ratio = 0.309×100
Contribution margin ratio=30.9%
Calculation for Total Variable expenses
Variable manufacturing expense $956,000
Variable selling and administrative expense $363,000
Total $1,319,000
Therefore the Contribution margin ratio will be 30.9%
The company's contribution margin ratio is closest to 30.9%. A company's contribution margin ratio (CM ratio) is determined by dividing revenue by revenue less all variable costs. It stands for the small gain from manufacturing an extra unit. Thus, option C is correct.
The company's contribution margin ratio is calculated as:
Sales minus variable costs equal contribution margin.
formula:
Margin of contribution = $1,910,000 - $1,319,000
Margin of contribution = $591,000
The Contribution margin ratio is calculated in the following step using this formula.
Sales Contribution Margin to Calculate Contribution Margin Ratio
formula:
The ratio of contribution: $591,000 divided by $1,910,000
Contribution margin ratio: 0.309 to one hundred.
The ratio of contribution is 30.9%
Total Variable Expense Calculation
$956,000 in variable manufacturing costs
$363,00 in variable marketing and administrative costs
Total $1,319,000
The Contribution Margin Ratio will thus be 30.9%.
Revenue is less variable costs equal contribution margin. The formula for calculating the contribution margin ratio is (Revenue - Variable Costs) / Revenue.
The contribution margin may not always be a reliable indicator of economic gain. There may be major fixed costs that businesses must take into account. To ascertain how many units must be sold at what price for a business to break even, a break-even analysis may be necessary.
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why is it important to understand the competition your business faces?
Answers
Answer:
It can help you to make your products, services and marketing stand out. You can use this knowledge to create marketing strategies that take advantage of your competitors' weaknesses, and improve your own business performance.
James is a curriculum planner in a school in a small town. Analyzing the past scores of his students, he realizes that students score well in the theory papers, but do poorly when they have to apply their knowledge practically. What can james do to Improve student grades in practical
application?
Answers
Answer:
James should introduce courses that will help students strengthen their practical knowledge. He can tie up with local businesses so that students can spend a few weeks working as apprentices. Students will have exposure to all kinds of practical work, and businesses will get interns who are enthusiastic about working and learning. If the students perofrm well, they also have the possibility of getting a job at these places after graduating.
Explanation:
(This is the actual sample answer so i would reccomend putting it in your own words to avoid plagerism) :)
James needs to start offering classes that will improve pupils' practical knowledge. He can do collaboration with the nearby companies to arrange for kids to serve as apprentices for a few weeks.
What does "collaboration" mean?The easiest approach to describe collaboration is to say that it is the process of two or more individuals or groups coming together to carry out a task or realize a goal. It can also be described as a group of people cooperating to achieve common objectives.
It is simple to become perplexed while discussing the various forms of organizational collaboration that make up the phenomenon. Your firm may, however, more clearly outline the quickest route to a digital transformation if you have a fundamental awareness of the various types of collaboration. The existence of a set of digital tools and an agile corporate culture that promotes good teamwork are the cornerstones of efficient collaboration. You are already prepared to start redefining the sorts of collaboration within your business if you have both of these elements in place.
When teams work well together, firms that want to flourish in a changing environment gain a lot of advantages. Starting out, having a strong collaborative work culture puts you ahead of the competition in terms of competitiveness. An organization that has productive employee collaboration is already well ahead of its rivals.
Who are apprentices?A person who apprentices learns a trade. Although an apprentice farmer receives very little pay, he or she has the opportunity to learn about farming by doing.
In the past, the only way to enter many professions was to become an apprentice. These days, we tend to think of it in terms of trades like bricklayers, butchers, and bakers. The same concept applies if you perform the same task in an office setting; it is typically referred to as an internship.
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Do you think the study of Financial Accounting can help you in running your business? Why?
Answers
Answer:
It could save you alot of money, personally I run my own online business, and I do all the accounting myself instead of hiring someone to do it, although its very time consuming.
A benefit paid for a limited time to eligible workers who are involuntarily unemployed is known as:
Answers
Negative inflationary surprises lead to a(n):____________.
A) increase in the real interest rate.
B) redistribution of wealth from borrowers to lenders.
C) decline in the nominal interest rate.
D) decline in inflation risk for lenders.
E) redistribution of wealth from lenders to borrowers.
Answers
Answer: increase in real interest rate
Explanation:
Negative inflationary surprises lead to an increase in the real interest rate. The real interest rate is simply defined as the rate of interest that a saver, investor, or a lender will receive after inflation ahs been allowed.
It should be noted that the real interest rate is the nominal interest rate minus inflation. Therefore, a negative inflationary surprises lead to a rise in the real interest rate.
The planning session had been long but productive. Sean had been quiet throughout the meeting. He spent his time texting messages to his son on his cell phone instead. The director finished by summarizing the plan to reschedule stock offerings. Everyone was preparing to leave when Sean raised his hand. "I don’t know if we covered this," he said, "but have we talked about rescheduling the stock offerings yet? I don’t think we should wait until the fall."
Answers
Explanation:
In this case, Sean committed an unprofessional attitude towards the meeting.
Work meetings are essential for the employees of an organization to develop a positive interpersonal relationship through communication and the possibility of integration and contribution to the goals of the company through ideas and points of view.
Therefore, it is essential that each employee has a professional position, avoid using the phone during sessions and see meetings as an opportunity to improve their communication and integration skills with other employees.
It is also important that the employee is involved and engaged to actively participate in the meeting.
On the budgeted balance sheet,the number for notes payable will come from the ________.
A) operating budget
B) schedule of cash receipts
C) cash budget
D) cost of goods sold budget
Answers
Answer:
B) schedule of cash receipts
Explanation:
Personally, I do not consider this option to be 100% correct since it is incomplete. The correct answer is: debt service budget.
When you are preparing a budgeted balance sheet, you might get some information about receiving cash by issuing notes payables, but notes payables can include other transactions besides cash loans. E.g. You might finance the purchase of equipment by issuing a promissory note. You could also refinance outstanding credits from suppliers with notes payables. And many others, and none is related to cash receipts.