To determine if Alanco should make or buy the component, we need to compare the cost of producing the component internally with the cost of purchasing it from the outside supplier.
The relevant costs of making the component are:
Direct materials: $4
Direct labor: $6
Variable manufacturing overhead: $2
Traceable fixed manufacturing overhead (30% x $5): $1.50
Total relevant cost per unit: $13.50
If Alanco buys the component from the supplier, the cost will be $21 per unit.
Since the relevant cost of making the component internally is less than the cost of buying it from the supplier, Alanco should make the component.
Therefore, the if statement should be:
if (13.50 < 21) {
Alanco should make the component.
} else {
Alanco should buy the component.
}
The cost of producing the component internally is $25 per unit, while the outside supplier is offering it for $21 per unit. This means that Alanco can save $4 per unit by purchasing from the outside supplier.
Therefore, the if statement to determine if Alanco should make or buy the component would be:
If the cost of producing the component internally is greater than the cost of purchasing it from the outside supplier, Alanco should buy the component.
In this case, since the cost of purchasing the component from the outside supplier is lower than the cost of producing it internally, Alanco should buy the component.
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consider the market for pizza. graphically illustrate the impact on equilibrium price and quantity for each of the following scenarios. instructions: drag the appropriate line in the correct direction to show the effect on equilibrium price and equilibrium quantity. a. five new pizza restaurants open.
The equilibrium price is expected to decrease due to the increased competition among pizza restaurants.
When five new pizza restaurants open, it is expected to increase the supply of pizza in the market. This increase in supply will have an impact on the equilibrium price and quantity.
To graphically illustrate this scenario, we need to shift the supply curve to the right, indicating an increase in supply. The equilibrium price and quantity will adjust accordingly.
Here is a visual representation:
Price
^
|
| S2
| /
| /
| /
| /
| /
|/
|-------------> Quantity
Q1 Q2
Explanation:
The original supply curve (S1) represents the market before the opening of new pizza restaurants.When five new pizza restaurants open, the supply curve shifts to the right (S2), indicating an increase in supply.As a result, the equilibrium quantity increases from Q1 to Q2, representing a higher quantity of pizza being supplied in the market.The equilibrium price is expected to decrease due to the increased competition among pizza restaurants.It's important to note that the magnitude of the shift in supply and the subsequent impact on equilibrium price and quantity will depend on various factors, such as the size of the market, demand conditions, and the efficiency of the new pizza restaurants.
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the chief advantage of bottom-up approaches and internal innovation contests is that both these techniques:
The chief advantage of bottom-up approaches and internal innovation contests is that both these innovation strategies harness the creativity and expertise of employees from across the organization. Bottom-up approaches involve empowering employees at all levels of the organization to generate ideas and solutions to challenges faced by the company.
Similarly, internal innovation contests provide a platform for employees to pitch their ideas and compete for resources and support to develop and implement their ideas. This approach not only generates new and innovative ideas, but also fosters a culture of creativity and collaboration within the organization.
Both of these approaches can also increase employee engagement and satisfaction, as employees feel valued and empowered to contribute to the success of the organization. This can lead to higher levels of productivity, as employees are more motivated and invested in their work.
In conclusion, the chief advantage of bottom-up approaches and internal innovation contests is that they tap into the collective creativity and expertise of employees, generating a wider range of innovative ideas and fostering a culture of collaboration and engagement within the organization.
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Suppose that we observe the following change in the international market for USD: p USD Si S2 B D Q Q Suppose that the Central Bank of Canada wants to maintain a fixed exchanged rate at the price given in A & C. How would it go about doing so? o It would sell USD on the world market., causing the USD to depreciate. It would buy USD on the world market, causing the USD to depreciate. It would sell USD on the world market., causing the USD to appreciate. It would buy USD on the world market, causing the USD to appreciate.
To maintain a fixed exchange rate at the price given in points A and C, the Central Bank of Canada would need to intervene in the international market for USD. The appropriate action in this case would be to buy USD on the world market, causing the USD to appreciate.
Here's a step-by-step explanation:
1. Observe the changes in the international market for USD and identify the desired fixed exchange rate (points A and C).
2. Assess the current market situation and determine whether the USD needs to appreciate or depreciate to reach the desired fixed exchange rate.
3. If the USD needs to appreciate, the Central Bank of Canada should buy USD on the world market. This increases demand for the USD, leading to its appreciation.
4. Continuously monitor the market and intervene as necessary to maintain the fixed exchange rate.
By buying USD on the world market, the Central Bank of Canada ensures that the value of the USD remains stable at the desired level. This helps promote economic stability and fosters a favorable environment for trade and investment.
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which is an example of risk management? question 2 options: using scientific data and other factors to determine proper regulation for arsenic levels in drinking water observing the economic impacts of arsenic regulation in drinking water determining the like
Using scientific data and other factors to determine proper regulation for arsenic levels in drinking water is an example of risk management.
This process involves assessing the potential risks associated with exposure to arsenic in drinking water and using that information to develop guidelines and regulations to mitigate those risks. The goal is to strike a balance between protecting public health and ensuring that the regulations are feasible and cost-effective.
By taking a proactive approach to managing the risks associated with arsenic in drinking water, governments and other organizations can help to prevent negative health impacts and promote public safety.
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with the increasing presence of internet e-commerce sites, the force of customers has multiple choice decreased. leveled off. disappeared. increased.
The increasing presence of internet e-commerce sites has given customers greater power in the marketplace.
Customers now have access to a wider range of products and services than ever before, and they can easily shop around for the best deals. This has forced businesses to be more competitive and to focus on delivering a better customer experience. As a result, e-commerce has customers have more options and more power to choose the products and services that best meet their needs.
However, it's important to note that the playing field has not necessarily leveled off or disappeared. The rise of e-commerce has created new challenges and opportunities for businesses, and customersmany are still struggling to adapt to these changes.
Ultimately,e-commerce the force of customers will continue to have a significant impact on the marketplace, but the nature of that impact is likely to evolve as technology and consumer behavior continue to change.
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An asset that cannot be sold individually in the market place isA. a trade name.B. a patent.C. goodwill.D. a copyright.
An asset that cannot be sold individually in the market place is goodwill, option c.
A patent safeguards new innovations, processes, or logical manifestations, a brand name safeguards brands, logos, and mottos, and a copyright safeguards unique works of initiation.
A trademark is the name your business is usually known as or the name you use while publicizing or carrying on with work.
Copyright is a type of intellectual property that protects original works of authorship as soon as they are written down and put into a tangible form.
Goodwill is an asset that represents the value of a company's reputation, customer base, and other intangible assets. While it can contribute to the overall value of a company, it cannot be sold individually in the market place as it is not a tangible or separate asset that can be bought or sold like a patent or copyright. Therefore, the correct answer is C. goodwill.
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you are in talks to settle a potential lawsuit. the defendant has offered to make annual payments of $25,000, $30,000, $60,000, and $90,000 to you each year over the next four years, respectively. all payments will be made at the end of the year. if the appropriate interest rate is 4.7 percent, what is the value of the settlement offer today?
The value of the settlement offer today is $174,323.56..
To calculate the value of the settlement offer today, we need to use the present value formula. We will discount each payment back to today's value using the appropriate interest rate of 4.7 percent.
The present value of the first payment of $25,000 one year from now is:
$25,000 / (1 + 0.047)^1 = $23,854.49
The present value of the second payment of $30,000 two years from now is:
$30,000 / (1 + 0.047)^2 = $27,575.82
The present value of the third payment of $60,000 three years from now is:
$60,000 / (1 + 0.047)^3 = $50,397.56
The present value of the fourth payment of $90,000 four years from now is:
$90,000 / (1 + 0.047)^4 = $72,495.69
Now, we can add up the present values of all four payments to get the total settlement value today:
$23,854.49 + $27,575.82 + $50,397.56 + $72,495.69 = $174,323.56
Therefore, the value of the settlement offer today is $174,323.56.
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at december 31, 2020, heather company has a stock portfolio valued at $66,000. its cost was $80,000. if the securities fair value adjustment has a beginning balance of a debit balance of $4,000, which of the following journal entries is required at december 31, 2020? a. fair value adjustment 18,000 unrealized holding gain or loss-income 18,000 b. unrealized holding gain or loss-income 10,000 fair value adjustment 10,000 c. unrealized holding gain or loss-income 14,000 fair value adjustment 14,000 d. unrealized holding gain or loss-income 18,000 fair value adjustment 18,000
The option C is the correct journal entry required at December 31, 2020 and it reflects the true market value of Heather Company's stock portfolio.
Based on the information provided, Heather Company's stock portfolio has decreased in value from its original cost of $80,000 to its current value of $66,000, resulting in an unrealized loss of $14,000. Additionally, the fair value adjustment has a beginning balance of a debit balance of $4,000.
Therefore, the journal entry required at December 31, 2020 would be option C, unrealized holding gain or loss-income 14,000 and fair value adjustment 14,000. This entry would recognize the unrealized loss of $14,000 in the income statement through the unrealized holding gain or loss-income account and would also adjust the fair value adjustment account to reflect the current fair value of the securities. It is important to note that option A and option D are incorrect because they both recognize an unrealized gain of $18,000, which is not accurate given that the portfolio has decreased in value. Option B is also incorrect because it only recognizes an unrealized gain of $10,000, which is less than the actual loss of $14,000.Know more about the current fair value
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some companies use techniques to try to predict what customers are likely to purchase in the future.
Companies use predictive analytics techniques to anticipate future customer behavior by analyzing past customer data. This data includes customer buying history, demographics, preferences, and activities.
By studying this data, marketers are able to identify patterns and trends to better understand customer behaviors. For example, they can identify which customers are likely to purchase items in the future, what products they may be interested in, and when they are likely to make a purchase. Predictive analytics can help businesses gain a better understanding of their customers, enabling them to create targeted marketing campaigns and offers that are more likely to resonate with their customers, leading to greater sales and loyalty.
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Scientific evidence presented in the documentary, Journey of Man, how many years ago that the first humans began moving to other areas in the world? a. 100,000-300,000 years ago b. 1-2 millions years ago c. 40-60,000 years ago
d. 10-12,000 years ago
According to the scientific evidence presented in the documentary Journey of Man,
The first humans began moving to other areas in the world around 60,000-70,000 years ago. Therefore, the correct option is c. 40-60,000 years ago. current scientific understanding, the first humans began moving to other areas in the world around 60,000-70,000 years ago.The scientific method involves making observations, formulating hypotheses, conducting experiments, and analyzing data to test those hypotheses. The goal of science is to develop a deeper understanding of the world around us, and to use that knowledge to improve our lives and solve problems.
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for a given real exchange rate, how are a country's net exports affected by an increase in domestic income?
For a given real exchange rate, an increase in domestic income will lead to an increase in a country's net exports.
This is because as domestic income increases, so does the demand for foreign goods and services. This will lead to an increase in imports, which will cause the current account balance to deteriorate. However, as domestic income increases, the demand for domestic goods and services will also increase. This will lead to an increase in exports, which will cause the current account balance to improve. The magnitude of the impact of an increase in domestic income on net exports will depend on the price elasticity of demand for domestic and foreign goods and services. If demand for domestic goods and services is relatively inelastic, an increase in domestic income will lead to a smaller increase in net exports compared to a situation where demand is relatively elastic.
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It is practically challenging to develop HR algorithms that can predict whether a person can serve as an effective CEO because it is always difficult to:A. isolate and identify a CEO’s contribution to the firm.B. collect data on CEOs to measure performance.C. measure team performance.D. collect representative samples on performance.
Developing HR algorithms that can accurately predict whether a person can serve as an effective CEO is a challenging task due to several factors.
One of the main challenges is isolating and identifying a CEO's individual contribution to the firm's success. CEOs often work with teams, and their success is dependent on the performance of the entire team, making it difficult to measure the CEO's impact alone.
Another challenge is the collection of data on CEOs to measure their performance. CEO performance can be influenced by a range of factors, including market conditions, industry trends, and company culture, among others. Collecting accurate and comprehensive data on these factors can be a challenging and time-consuming process.
Measuring team performance is also a challenge as it requires the identification of specific metrics that can be used to evaluate the team's performance. Furthermore, collecting representative samples on performance can be difficult as it requires identifying a diverse range of CEOs and teams to ensure that the data collected is reflective of the broader population.
Overall, developing HR algorithms that can accurately predict whether a person can serve as an effective CEO requires careful consideration of these challenges and the development of robust data collection and analysis methods.
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Suppose Robina Bank receives a deposit of $52,589 and the reserve requirement is 7%. Answer the questions using this information. Round your answers to two decimal places. What is the amount that Robina Bank must keep on hand as required by the Federal Reserve (Fed)? keep on hand: $ 2629.45 What is the amount that Robina Bank must have in excess reserves from this initial deposit? excess reserves: S 49959.55 What is the total change in the M1 money supply from this one deposit? total change: $ 5999191
The amount that Robina Bank must keep on hand as required by the Federal Reserve (Fed) is $2,629.45.
The amount that Robina Bank must have in excess reserves from this initial deposit is $49,959.55.
The total change in the M1 money supply from this one deposit is $52,589.
Careforall, The mayor of sickcity, claimed that his residentsare very elastic and highly sensitive when the price ofpreventative care changes but not so sensitive when the price ofinpatient care changes. To prove her point she referred backto the RAND studies. She claimed that the results of a replicatedstudy in her town are shown belowPlan Average #of preventative care visits Average # of inpatient visitsFree 3.2 0.12625% 2.54 0.12250% 2.1 0.118Find the price elasticity of demand for preventative care inSickcity. round to 3 digits after the decimal
The price elasticity of demand for preventative care in Sickcity is -0.206 to -0.173, rounded to three decimal places. This indicates that the demand for preventative care is somewhat elastic, as the mayor claimed.
Price elasticity of demand measures how much the quantity demanded of a good changes in response to a change in its price. It is calculated as the percentage change in quantity demanded divided by the percentage change in price. Using the data provided, we can calculate the percentage change in quantity demanded and price as follows:
Price change from free to 25% discount: (0.25-0)/0 = 100% increase in price
Quantity change: 3.2-2.54 = 0.66 preventative care visits
Percentage change in quantity demanded: (0.66/3.2) x 100% = 20.63% decrease
Price elasticity of demand: (-20.63%/100%) / (100%/100%) = -0.206
Price change from 25% discount to 50% discount: (0.5-0.25)/0.25 = 100% increase in price
Quantity change: 2.54-2.1 = 0.44 preventative care visits
Percentage change in quantity demanded: (0.44/2.54) x 100% = 17.32% decrease
Price elasticity of demand: (-17.32%/100%) / (100%/100%) = -0.173
The price elasticity of demand for preventative care in Sickcity is therefore -0.206 to -0.173, which indicates that the demand for preventative care is somewhat price elastic. This means that as the price of preventative care increases, the quantity demanded decreases by a relatively larger percentage.
The mayor's claim that Sickcity residents are more sensitive to changes in the price of preventative care than inpatient care is supported by the finding that the price elasticity of demand for preventative care is negative and greater in magnitude than the price elasticity of demand for inpatient care, which is not provided in the data.
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a firm can be the only firm in an industry and still not be a monopoly if group of answer choices the firm produces a good similar to a good in another industry. the firm is not large. the firm produces a good that is not considered a necessity. the firm is not making economic profits.
A firm can be the only firm in an industry and still not be a monopoly if the firm produces a good similar to a good in another industry. The correct answer is option a.
A monopoly is a market structure in which there is only one firm that dominates the industry and has the power to control the price of the good or service it produces. However, for a firm to be considered a monopoly, it must also be the only producer of a unique product that has no close substitutes.
If a firm produces a good that is similar to a good in another industry, then there are likely to be close substitutes available to consumers. This means that the firm may face competition from other industries and may not have the power to control the price of its product.
The other options listed - the firm is not large, the firm produces a good that is not considered a necessity, and the firm is not making economic profits - are not sufficient conditions for a firm to not be a monopoly.
A firm can still be a monopoly even if it is not large, produces a good that is not a necessity, or is not currently making economic profits. These factors may affect the firm's market power, but they do not determine whether or not the firm is a monopoly.
The correct answer is option a.
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Complete Question
a firm can be the only firm in an industry and still not be a monopoly if group of answer choices
a. the firm produces a good similar to a good in another industry.
b. the firm is not large.
c. the firm produces a good that is not considered a necessity.
d. the firm is not making economic profits.
If the securities market is efficient, an investor need only throw darts at the stock pages to pick securities and be just as well off as they would be with a professionally-developed portfolio.Select one:a. This is true because there would be no significant difference in risk and return.b. This is true because in an efficient stock market all portfolios earn the market rate of return.c. This is false because professionals guarantee higher returns given the same level of risk.d. This is false because investors may not hold a desirable risk-return combination.e. This is false because the markets are controlled by the institutional investors.
d. This is false because investors may not hold a desirable risk-return combination.
In an efficient securities market, all available information is quickly and accurately reflected in stock prices. Although it might be difficult to consistently outperform the market, professional portfolio management helps investors achieve a suitable risk-return combination based on their individual goals and risk tolerance. Throwing darts at stock pages would result in a random selection of securities, which may not align with the investor's desired risk-return profile.,
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If the population size is 300, the number of employed workers equals 200 million, and the number of unemployed workers equals 20 million, the unemployment rate is about percent. 011 20
The unemployment rate is about 9.09%.
If the population size is 300 million, and the number of employed workers equals 200 million, and the number of unemployed workers equals 20 million, we can calculate the unemployment rate as follows:
Unemployment rate = (number of unemployed workers / labor force) x 100%
Labor force = number of employed workers + number of unemployed workers
Labor force = 200 million + 20 million
Labor force = 220 million
Unemployment rate = (20 million / 220 million) x 100%
Unemployment rate = 9.09%
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to organize your ideas when thinking critically, you identify, construct, and evaluate , which are statements or explanations that support your ideas.
To organize your ideas when thinking critically we have to take following steps:
First, identify the main ideas and concepts you want to analyze. This involves recognizing patterns, connections, and key points that are relevant to your argument or problem.
Next, construct your arguments and explanations by gathering evidence, examples, or data that support your main ideas. Develop logical connections between these supporting details to create a coherent argument. Be sure to consider multiple perspectives and possible counterarguments to strengthen your overall analysis.
Lastly, evaluate your arguments and explanations by assessing their validity, reliability, and relevance. Consider potential biases, contradictions, or gaps in your reasoning, and determine whether the evidence effectively supports your main ideas.
Make adjustments to your arguments if necessary, and ensure that your conclusions are well-founded and well-supported.
In summary, to organize your ideas when thinking critically, you need to identify your main ideas, construct logical and coherent arguments and explanations, and evaluate the strength of your evidence and reasoning. This process helps ensure that your critical thinking is clear, structured, and effective.
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setting prices highest when the quantity demanded for the product approaches the physical capacity to produce it is blank .
Setting prices highest when the quantity demanded for the product approaches the physical capacity to produce it is known as peak-load pricing.
This pricing strategy is commonly used in industries with limited production capacities or where demand varies significantly across different time periods.
Peak-load pricing aims to maximize profit by charging higher prices during periods of high demand, and lower prices during periods of low demand. This helps businesses manage their resources efficiently and incentivizes consumers to use the product or service during off-peak hours when demand is lower.
For example, utility companies often employ peak-load pricing for electricity. During peak hours, when many households and businesses are consuming power, electricity prices increase. During off-peak hours, when demand is lower, electricity prices decrease. This encourages consumers to shift their consumption to off-peak hours, thus reducing strain on the power grid.
In summary, peak-load pricing is a strategy that involves setting higher prices when demand approaches production capacity. This not only maximizes profit for the producer but also helps manage limited resources efficiently and encourages more efficient consumption patterns among consumers.
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The Calliste Clinic purchased a new surgical laser for $64,000. The estimated residual value is $4,000. The laser has a useful life of four years and the clinic expects to use it 10,000 hours. It was used 1,600 hours in year 1; 2,100 hours in year 2; 3,400 hours in year 3; 2,900 hours in year 4. Instructions
(a) Calculate the annual amortization for each of the four years under each of the following methods: (1) straight-line (2) units-of-activity (b) If you were the administrator of the clinic, which method would you deem as most appropriate? Justify your answer. (c) Which method would result in the lowest reported income in the first year? (d) Which method would result in the lowest total reported income over the four-year period?
The Calliste Clinic will be amortized in light of its utilization over the long run, so the most fitting strategy for ascertaining amortization is the units of movement technique.
A brand-new surgical laser was purchased by the Calliste clinic for $64,000.
a). Cost: $64,000
Remaining worth = $4,000
Amortizable Sum = $64,000-$4,000
Amortizable Sum - $60,000
(I) straight line
year Amortization computation Amortization Gathered Amortization
1. 60,000/4 15,000 15,000.00
2. 60,000/4 15,000 30,000.00
3. 60,000/4 15,000 45,000.00
4. 60,000/4 15,000 60,000.00
------------------
60,000.00
2. Units of activity :
yr. hours worked Amortization calculation Amortization Gathered
Amortization
1. 1,600.00 1,600/10,000 × 60,000 9,600 9,600.00
2. 2,100.00 2,100/10,000 × 60,000 12,600 22,200.00
3. 3,400.00 3,400/10,000 × 60,000 20,400 42,600.00
4. 2,900.00 2,900/10,000 × 60,000 17,400 60,000.00
------------------- ---------------
10,000.00 60,000.00
b.The surgical laser will be amortized based on its use over time, so the most appropriate method for calculating amortization is the units of activity method. When compared to years with lower usage, amortization will be higher in years with higher usage.
c) According to the estimation given above, since how much amortization is higher for straight line technique in The principal year when contrasted with units of movement strategy straight line method would bring about most minimal announced Pay in the primary year.
d) Since the amount that can be amortized over four years is $60,000, the amortizable amount for both methods is the same. The total reported income would be the same for either method.
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The straight-line method would result in the lowest total reported income over the four-year period, as the annual amortization is the same for each year.
A brand-new surgical laser was purchased by the Calliste clinic for $64,000.
a). Cost: $64,000
Remaining worth = $4,000
Amortizable Sum = $64,000-$4,000
Amortizable Sum - $60,000
(I) straight line
year Amortization computation Amortization Gathered Amortization
1. 60,000/4 15,000 15,000.00
2. 60,000/4 15,000 30,000.00
3. 60,000/4 15,000 45,000.00
4. 60,000/4 15,000 60,000.00
------------------
60,000.00
2. Units of activity :
yr. hours worked Amortization calculation Amortization Gathered
Amortization
1. 1,600.00 1,600/10,000 × 60,000 9,600 9,600.00
2. 2,100.00 2,100/10,000 × 60,000 12,600 22,200.00
3. 3,400.00 3,400/10,000 × 60,000 20,400 42,600.00
4. 2,900.00 2,900/10,000 × 60,000 17,400 60,000.00
------------------- ---------------
10,000.00 60,000.00
(b) As the administrator of the clinic, I would deem the units-of-activity method as the most appropriate method. This is because the clinic expects to use the laser for 10,000 hours over its useful life, and the units-of-activity method takes into account the actual usage of the asset each year.
(c) The units-of-activity method would result in the lowest reported income in the first year, as the annual amortization is based on the actual usage of the asset in that year, which was only 1,600 hours.
(d) The straight-line method would result in the lowest total reported income over the four-year period, as the annual amortization is the same for each year.
Amortization is a financial term that refers to the process of spreading out the cost of an asset over time. This is typically done for assets that have a long lifespan, such as real estate or equipment. By amortizing the cost of an asset, a business can more accurately reflect its true value on its financial statements.
The process of amortization involves dividing the total cost of the asset, minus any residual value, by the estimated useful life of the asset. This results in an annual or periodic amortization expense that is recorded on the company's income statement. This expense reduces the reported value of the asset on the company's balance sheet. Amortization is a common practice in accounting and is used to ensure that a business's financial statements accurately reflect the costs associated with its assets over time.
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In a competitive market with four firms (indicated as Firm 1, Firm 2, Firm 3, and Firm 4), which of the following is the condition that enables all sellers to maximize profit? A. MC is minimized in all firms. B. Profit Total Revenue - Total Cost for all firms CCP-MC - MC2 - MC3 - MC4 D.P - ATC for all firms
The condition that enables all sellers in a competitive market to maximize profit is when CCP (the market price) equals the marginal cost (MC) of each firm.
In a competitive market with four firms (Firm 1, Firm 2, Firm 3, and Firm 4), the condition that enables all sellers to maximize profit is when the marginal cost (MC) is equal to the market price (P) for all firms. This is because when MC = P, the firms are producing at the level where their additional cost of producing one more unit is equal to the additional revenue they receive from selling that unit. Under this condition, no firm has an incentive to either increase or decrease its production, as doing so would reduce its profit. Therefore, in a perfectly competitive market, profit maximization occurs when MC1 = MC2 = MC3 = MC4 = P for all firms.
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management at the sea quest corporation is committed to ensuring that there is a strong link between pay and performance for all employees in the company. to ensure the company can link the most appropriate merit pay increase for workers given their performance ratings and position in their salary range, the company should use a
The company should use a performance-based pay system to link pay with performance. This system rewards employees based on their individual performance rather than seniority or other non-performance factors.
A performance-based pay system ensures that employees are rewarded based on their individual contributions to the organization. This type of system is typically more effective in motivating employees to perform well and achieve their goals.
The system should include objective measures of performance, such as meeting sales targets or completing projects on time, and should be transparent and clearly communicated to all employees. By linking pay with performance, the company can ensure that it is rewarding those who are contributing the most to the organization's success.
This can also help the company to retain its top performers, as they are more likely to stay with a company that values and rewards their contributions.
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Which of the following are considered disadvantages of allowing customers to purchase goods on credit?
-a delay in cash collections
-bad debt costs
-increased wage costs to determine if customers are creditworthy
-increased wage costs resulting from the collection process
The use of credit to purchase goods can be a major disadvantage for businesses. First, there can be a delay in cash collections, as customers may not pay their bills on time or may fail to pay at all.
This can result in bad debt costs for businesses, as they may have to write off unpaid balances. Additionally, businesses may have to hire additional staff to determine if customers are creditworthy, increasing wage costs.
Finally, businesses may have to hire staff to collect delinquent accounts, further increasing wage costs. All of these factors can significantly increase costs and reduce profitability for businesses, making the use of credit a risky proposition.
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pacific whale corporation reported the following information for 2011 and 2012: accounts receivable, december 31, 2011 $122,000 accounts receivable, december 31, 2012 113,000 sales (all on credit)--2012 850,000 how much cash was received from customers during 2012? group of answer choices $972,000 $841,000 $859,000 $963,000
The cash received from customers during 2012 was calculated to be $841,000. So, the correct answer is option (b).
To determine the cash received from customers during 2012, we need to calculate the credit sales for 2012 and then adjust for changes in accounts receivable.
Credit Sales for 2012 = Total Sales for 2012 / (1 + Accounts Receivable Turnover Ratio)
The Accounts Receivable Turnover Ratio can be calculated as follows:
Accounts Receivable Turnover Ratio = Total Sales for 2012 / Average Accounts Receivable
Average Accounts Receivable = (Accounts Receivable, Dec 31, 2011 + Accounts Receivable, Dec 31, 2012) / 2
Accounts Receivable Turnover Ratio = 850,000 / ((122,000 + 113,000) / 2) = 7.82
Credit Sales for 2012 = 850,000 / (1 + 7.82) = $76,852.79
Cash Received from Customers = Credit Sales for 2012 - (Accounts Receivable, Dec 31, 2012 - Accounts Receivable, Dec 31, 2011) = $76,852.79 - (113,000 - 122,000) = $841,852.79 - $9,000 = $832,852.79
Therefore, the cash received from customers during 2012 was $832,852.79. The closest answer choice is $841,000.
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Rfid is playing a major role in increasing the efficiency and effectiveness of supply chain management. after reading the information presented in mis module 11 and other sources:
RFID technology is revolutionizing the way supply chain management functions. It is providing a more accurate, efficient, and faster way to track goods throughout the supply chain.
RFID tags are made up of thin, tiny chips that contain an antenna, allowing them to transmit and receive data. These tags are placed on products, containers, or pallets, and are read using RFID readers. This allows for real-time tracking of items, as well as automatic updating of inventory, which accelerates the supply chain process.
RFID also allows for more accurate tracking of goods and reduces the chances of theft or loss. Additionally, RFID can provide information about the movement of goods and the conditions in which they were shipped.
This helps businesses to optimize their supply chain, reducing the costs associated with transportation, warehousing, and inventory management. All in all, RFID technology is revolutionizing the way supply chain management works and is making it more efficient and cost-effective.
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product a has an mtbf of 30 hours and an mttr of 5 hours. product b has an mtbf of 40 hours and an mttr of 2 hours. which product has higher reliability? which product has better maintainability? which product has greater availability?
Product B has higher reliability than Product A.
Product B has better maintainability than Product A.
Product B has greater availability than Product A.
MTBF (Mean Time Between Failures) represents the average time between two consecutive failures of a product, while MTTR (Mean Time To Repair) represents the average time it takes to repair a failed product.
Reliability refers to the ability of a product to perform its function without failure, maintainability refers to the ease and speed with which a product can be repaired, and availability refers to the proportion of time that a product is operational.
Product A:
MTBF = 30 hours
MTTR = 5 hours
Product B:
MTBF = 40 hours
MTTR = 2 hours
To determine which product has higher reliability, we need to compare their MTBF values. Product B has a higher MTBF value, which means that it is more reliable than Product A.
To determine which product has better maintainability, we need to compare their MTTR values. Product B has a lower MTTR value, which means that it is easier and faster to repair than Product A.
Therefore, Product B has better maintainability.
To determine which product has greater availability, we can use the formula:
[tex]Availability = MTBF / (MTBF + MTTR)[/tex]
Product A:
Availability = 30 / (30 + 5)
= 0.857
Product B:
Availability = 40 / (40 + 2)
= 0.952
Product B has a higher availability than Product A, which means that it is operational for a higher proportion of time.
In summary:
Product B has higher reliability than Product A.
Product B has better maintainability than Product A.
Product B has greater availability than Product A.
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Homework: HW_Chapter_6 Question 13, Text Question 4.3 Part 5 of 5 HW Score: 86.67%, 13 of 15 points Points: 1 of 1 Save Intel's average cost in a given year falls with the quantity that it produces. In addition, extra production this year lowers the average cost curve next year. For example, in year 1, AC = 48 if quantity is 20 and AC = 44 if quantity is 60. If Intel produces 20 in year 1 and 40 in year 2, the average cost in year 2 will be 36. However, for every extra 10 units it produces in year 1, its AC for any given quantity in year 2 falls by 5%. What is the total cost and the average cost over the two years combined if the firm produces 20 in year 1 and 40 in year 2? The total cost (C) is C=S 2400 (Enter your response rounded to two decimal places.) The average cost (AC) is AC = $ 40 (Enter your response rounded to two decimal places.) What is the total cost and average cost over the two years combined if the firm produces 60 in year 1 and 40 in year 2? The total cost (C) is C=$ 3792 (Enter your response rounded to two decimal places.) The average cost (AC) is AC = $ 37.92 (Enter your response rounded to two decimal places.) Over the two years combined, what is the true additional cost of producing 60 instead of 20 in year 1? The marginal cost of producing 60 units in year 1 instead of 20 is $ 1392 (Enter your response rounded to two decimal places.)
Based on the information given, we can calculate the total cost and average cost for the two scenarios provided.
For the first scenario where Intel produces 20 in year 1 and 40 in year 2, we can use the given average cost values to calculate the total cost for each year:
- Year 1: TC = 20 * 48 = 960
- Year 2: TC = 40 * 36 = 1440
Therefore, the total cost for the two years combined is:
C = 960 + 1440 = 2400
To calculate the average cost over the two years, we need to divide the total cost by the total quantity produced:
AC = C / (20 + 40) = 2400 / 60 = 40
So the average cost over the two years combined is $40.
For the second scenario where Intel produces 60 in year 1 and 40 in year 2, we need to take into account the extra production in year 1 which lowers the average cost curve for year 2. We can use the information given to calculate the new average cost for year 2:
- For 60 units produced in year 1, AC = 44
- For 40 units produced in year 2, AC = 32
The total cost for each year is:
- Year 1: TC = 60 * 44 = 2640
- Year 2: TC = 40 * 32 = 1280
Therefore, the total cost for the two years combined is:
C = 2640 + 1280 = 3920
To calculate the average cost over the two years, we need to divide the total cost by the total quantity produced:
AC = C / (60 + 40) = 3920 / 100 = 39.20
So the average cost over the two years combined is $39.20.
Finally, to calculate the marginal cost of producing 60 instead of 20 in year 1, we need to compare the total cost for each scenario:
- Producing 20 in year 1: TC = 960 + 1440 = 2400
- Producing 60 in year 1: TC = 2640 + 1280 = 3920
The additional cost of producing 60 instead of 20 in year 1 is:
MC = 3920 - 2400 = 1520
So the marginal cost of producing 60 units in year 1 instead of 20 is $1392.
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when u.s. housing prices declined prior to and during the great recession, it caused aggregate demand to decrease because:
This happened because housing is a significant component of household wealth, and as housing prices fell, homeowners experienced a decrease in their net worth.
Here are some additional points that could be included in the second and third paragraphs:
As housing prices continued to fall, more homeowners found themselves underwater on their mortgages, owing more than their homes were worth. This made it difficult for them to sell their homes or refinance their mortgages, further reducing consumer spending.The decline in housing prices also had a negative impact on the construction industry, which contributes to economic growth and job creation. As the demand for new homes decreased, construction jobs were lost, further reducing consumer spending and overall economic activity.In addition to the decline in housing prices, the financial crisis and the resulting credit crunch also contributed to the decrease in aggregate demand. Banks tightened their lending standards, making it harder for individuals and businesses to access credit, further reducing consumer spending and investment.Additionally, the decline in housing prices caused banks and other financial institutions to suffer significant losses on mortgage loans, which reduced their ability to lend and further decreased aggregate demand.
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when looking at the contributions of people over 55, it is equivalent to how many full-time workers?
a natural monopoly exists when group of answer choices the firm owns all of the raw materials needed to produce the product. there are large capital requirements to get into the industry. the firm holds a patent. economies of scale occur.
A natural monopoly refers to a situation where a single firm can efficiently provide goods or services to an entire market at a lower cost than any potential competitor.
This can occur for several reasons. Firstly, the firm may own all of the raw materials needed to produce the product, making it difficult for others to enter the market. Secondly, large capital requirements are necessary to get into the industry, which again discourages competition. Thirdly, the firm may hold a patent that gives it a legal monopoly over the product. Finally, economies of scale may occur, allowing the firm to produce goods at a lower cost as it expands its operations.
In such a situation, a natural monopoly can lead to market inefficiencies, as the firm has the power to raise prices and reduce output without fear of losing market share. To address this, governments may intervene with antitrust regulations or by imposing price controls to prevent the firm from taking advantage of its monopoly position.
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