Answer:
a.1789
b. 1333
c. 894
d. 827
Explanation:
Given, D = 6400
Co = $100
Ch = $2
Below is the formula to find the minimum cost of production.
Minimum cost of production = √(2CoD/(Ch(1-D/P)))
Now insert the values.
The Minimum cost of production when P=8000 unit per year.
Minimum cost of production = √(2CoD/(Ch(1-D/P)))
Minimum cost of production = √((2×100×6400)/(2(1-6400/8000))) = 1789
Minimum cost of production when P is 10000= √((2×100×6400)/(2(1-6400/10000))) = 1333
Minimum cost of production when P is 32000= √((2×100×6400)/(2(1-6400/32000))) = 894.42 or 894
Minimum cost of production when P is 100000 = √((2×100×6400)/(2(1-6400/100000))) = 827
Brandon, a U.S. manager, is on a business trip in Tokyo meeting with a group of executives. Brandon receives a gift from one of the Japanese executives. What should Brandon most likely do?
Answer: B) open the gift in private
Explanation:
One of the advantages of globalizaton is that we get to learn about the customs of different societies so that we may appreciate and respect them.
In the above scenario, Brandon should open the gift in private because it is a norm in Japan that when a gift is given to you in the presence of people, it should be opened in private.
This is to avoid embarrassment in case the gift is not up to standard. It also helps to avoid comparison in the case of multiple gifts especially when given to people of different status.
If the marginal propensity to consume is equal to 0.85, then a $500 increase in disposable income leads to a:
The question is incomplete. The complete question is stated below.
If the marginal propensity to consume is equal to 0.85, then a $500 increase in disposable income leads to a:
a. $400 increase in consumption spending
b. $75 increase in consumption spending
c. $425 increase in personal saving
d. $75 increase in personal saving
Answer:
If a $500 increase causes an increase of $425 in consumer spending, the rest of $75 is the increase in personal saving. Thus, option D is the correct answer.
Explanation:
The marginal propensity to consume or MPC is the percentage of the additional income that will be used for consumption spending. It is a concept that is used to calculate how much of an increase in income will be used in consumption and saving. The formula to calculate MPC is,
MPC = Change in consumer spending / Change in income
0.85 = Change in consumer spending / 500
500 * 0.85 = Change in consumer spending
Change in consumer spending = $425
If a $500 increase causes an increase of $425 in consumer spending, the rest of $75 is the increase in personal saving.
According to J.C. Penney's "Statement of Business Ethics" all of the following are acceptable except:
One common feature of agile projects is the "walk-around meeting".
A. True
B. False
Answer:
A
Explanation:
Agile means able to move around quickly
The "walk-around meeting" is a regular characteristic in agile projects, and this is accurate.
What is a characteristic?The distinctive qualities or traits of anything are its characteristics. Consider traits as the attributes that set one object or a person apart from another. One trait of the chameleon, for instance, is its capacity for camouflage.
Agile lets teams offer value to their clients more quickly and with fewer difficulties through an iterative approach to project management and software development. An agile team produces work in manageable, small-scale increments rather than staking all on a "big bang" launch.
Therefore, The "walk-around meeting" is a regular characteristic in agile projects, and this is accurate.
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A country has passed a law setting a minimum wage for factory workers 5% below the equilibrium price. How will this law impact the labor market?
A.) The law will likely cause a shortage of labor.
B.) The law will likely increase unemployment.
C.) The law will have no impact on the market.
D) The law will increase prices without affecting quantity.
Answer:
C.) The law will have no impact on the market.
Explanation:
The minimum wage refers that the producers could charge high amount as compared with the wages i.e. minimum also the equilibrium wage would be more than the minimum wage so this represents that the market is an equilibrium point and hence there is no impact on the market
Therefore the option C is correct
And, hence all the other options are wrong
11. If 8,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production
This question is incomplete, the complete question is;
Martinez company's relevant range production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows:-
Average cost per unit
Direct materials $7.00
Direct labor $4.50
Variable manufacturing overhead $1.40
Fixed manufacturing overhead $4.00
Fixed selling expense $4.00
Fixed administrative expense $2.10
Sales commissions $1.10
Variable administrative expense $0.55
If 8,000 units are produced,
a) what is the total amount of manufacturing overhead cost incurred to support this level of production
b) What is this total amount expressed on a per unit basis
Answer:
a) the total amount of manufacturing overhead cost incurred to support this level of production is $51,200
b) What is this total amount expressed on a per unit basis is $6.40
Explanation:
a)
Given that;
number of units produced is 8,000 units
Variable manufacturing overhead is $1.40
Variable manufacturing overhead cost will be units produced / Variable manufacturing overhead
so Variable manufacturing overhead cost = 8000 units × $1.40 = $11,200
Now Fixed manufacturing overhead cost = 10000 units × $4 = $ 40,000
Total manufacturing overhead cost is the addition of Variable manufacturing overhead cost and Fixed manufacturing overhead cost
$11,200 + $40,000 = $51,200
b)
Number of units produced = 8,000
therefore Manufacturing overhead per unit = Total manufacturing overhead cost / Number of units produced
51,200 / 8,000 = $6.40
On January 1 of the current year, Jimmy's Sandwich Company, Inc. reported stockholders' equity totaling $122,500. During the current year, total revenues were $96,000 while total expenses were $85,500. Also, during the current year the business paid $20,000 to the stockholders. No other changes in equity occurred during the year. If, on December 31 of the current year, total assets are $196,000, the change in stockholders' equity during the year was:_________
a) A decrease of $9,500.
b) An increase of $9,500.
c) An increase of $30,500.
d) A decrease of $30,500.
e) An increase of 73,500.
A.nswer:
a) A decrease of $9,500.
Explanation:
Calculation for the change in total stockholders' equity
Using this formula
Change in total stockholders' equity = Total Revenues amount - Total Expenses amount - Dividends amount
Let plug in the formula
Change in total stockholders' equity =$96,000 - $85,500 - $20,000
Change in total stockholders' equity = Decrease of $9,500
Therefore the change in total stockholders' equity during the year was: a decrease of $9,500
The following information is available for Bandera Manufacturing Company for the month ending January 31:
Cost of goods manufactured $131,860
Selling expenses 44,050
Administrative expenses 23,290
Sales 280,560
Finished goods inventory, January 1 31,700
Finished goods inventory, January 31 28,900
For the month ended January 31, determine Bandera's
(a) cost of goods sold,
(b) gross profit, and
(c) net income
(a) Bandera Manufacturing Company Cost of Goods Sold January 31
(b) Bandera Manufacturing Company Gross Profit January 31
(c) Bandera Manufacturing Company Net Income January 31
Operating expenses:
Total operating expenses
The following events took place for Digital Vibe Manufacturing Company during January, the first month of its operations as a producer of digital video monitors:
a. Purchased $48,300 of materials
b. Used $37,200 of direct materials production.
c. Incurred $55,500 of direct labor wages.
d. Incurred $78,200 of factory overhead. process to finished goods.
e. Transferred $129,900 of work
f. Sold goods for $232,300.
g. Sold goods with a cost of $103,400.
h. Incurred $59,400 of selling expenses .
Incurred $26,100 of administrative expense.
Using the information given, complete the following:
a. Prepare the January income statement for Digital Vibe Manufacturing Company. Digital Vibe Manufacturing Company Income Statement For the Month Ended January 31 Operating expenses: Total operating expenses
b. Determine the Materials Inventory, Work in Process Inventory, and Finished Goods Inventory balances at the end of the first month of operations. Digital Vibe Manufacturing Company Inventory Balances For the Month Ended January 31 Inventory balances on January 31: Materials Work in process Finished goods
Answer:
Bandera Manufacturing Company
a) Cost of goods sold:
Finished goods inventory, January 1 31,700
Cost of goods manufacturing 131,860
Finished goods inventory, January 31 28,900
Cost of goods sold $134,660
b) Gross profit
Sales $280,560
Cost of goods sold 134,660
Gross profit $145,900
c) Net Income
Gross profit $145,900
Selling expenses 44,050
Administrative expenses 23,290
Net Income $78,560
Digital Vibe Manufacturing Company
Digital Vibe Manufacturing Company:
Sales Revenue $232,300
Cost of goods sold 103,400
Gross profit 128,900
Selling expenses 59,400
Administrative exp. 26,100
Net Income $43,400
a. Income Statement for the month ended January 31:
Operating expenses:
Selling expenses 59,400
Administrative exp. 26,100
Total operating expenses 85,500
b. Digital Vibe Manufacturing Company
Inventory Balances For the Month Ended January 31
Inventory balances on January 31:
Raw materials 11,100
Work in process 41,000
Finished goods 26,500
Explanation:
a) Data and Calculations:
Digital Vibe Manufacturing Company
Purchases $48,300
less Inventory 11,100
Cost of materials used 37,200
Direct labor 55,500
Factory overhead 78,200
Cost of manuf. 170,900
Transferred to
finished goods 129,900
WIP inventory 41,000
Transferred to
finished goods 129,900
Cost of goods sold 103,400
Inventory of finished 26,500
Selling expenses 59,400
Administrative exp. 26,100
Nonprobability sampling is an objective procedure in which the probability of selection for the population units can be determined.
A. True
B. False
Answer:
False
Explanation:
Nonprobability sampling is a type of sampling where there is zero chance of selection in the population unit. In this type of sampling, the probability of selection cannot be accurately determined.
In nonprobability sampling, the use of quota or convenience can be used as non-random criteria for unit selection.
Probability sampling involves random selection while nonprobability sampling does not involve random selection.
If the expected ROE on reinvested earnings is equal to k, the multistage DDM reduces to:_______A. VO= (Market return in year 1)/k. B. VO= (Treasury bond yield in year 1)/k. C. VO= (expected dividend yield in year 1)/k. D. VO= (expected EPS in year 1)/k.
Answer:
VO = ( expected EPS in year 1 )/k ( D )
Explanation:
The multistage DDM reduces to, VO = ( expected EPS in year 1 )/k, The expected ROE on reinvested earnings been equal to K shows that the ROE is constant. since it is constant the value on returned earnings would be zero.
this simply means that EPS = DPS
The Jennings Group reacquired 2 million of its shares at $50 per share as treasury stock. Last year, for the first time, Jennings sold 1 million treasury shares at $51 per share. If Jennings now sells the remaining 1 million treasury shares at $47 per share, by what amount will retained earnings decline
Answer: $2,000,000
Explanation:
Treasury stock is simply a stock that is bought back by a company while retained earnings are cumulative profit that a company makes after dividends has been paid out.
From the question, gain per share will be: $51 - $50 = $1
Therefore, there will be increase in retained earnings by $1 million.
The deficit per share will be:
= $47 - $50 = $-3
The amount that is declined in the retained earnings will now be:
= $-3 × 1,000,000
= $-3 million
The amount by which retained earnings will decline will be:
= $3,000,000 - $1,000,000
= $2,000,000
Jobs grouped according to traditional business tasks such as marketing, manufacturing, and personnel are departmentalized by
Answer:
business function.
Explanation:
A business function is a term that describes a form of business activities or jobs division or grouping, which is solely and distinctly based or departmentalized according to traditional business tasks such as marketing, manufacturing, and human resources.
Therefore, going by the definition above, the correct answer to the question above is simply BUSINESS FUNCTION
Refer to Scenario 14-4. When the firm increases its output from 150 units to 151 units, its marginal cost is
Answer: $32.05
Explanation:
Marginal Cost is the Cost of producing one extra unit.
The total cost of producing 150 units is;
Total = Units * average cost
= 150 * 24.50
= $3,675
Total cost of producing 151 units
= 151 * 24.55
= $3,707.05
Difference = 3,707.05 - 3,675
= $32.05
Curtis Corporation's noncallable bonds currently sell for $1,165. They have a 15-year maturity, an annual coupon of $95, and a par value of $1,000. What is their yield to maturity
Answer:
The answer is 7.61%
Explanation:
N(Number of periods) = 15 years
I/Y(Yield to maturity) = ?
PV(present value or market price) = $1,165
PMT( coupon payment) = $95
FV( Future value or par value) = $1,000.
We are using a Financial calculator for this.
N= 15; PV = -1165; PMT = 95; FV= $1,000; CPT I/Y= 7.61
Therefore, the Yield-to-maturity of the bond is 7.61%
A Bond With An Annual Coupon Rate Of 55% Sells For $970. What Is The Bond’s "current Yield"?
Answer: Bond’s current Yield =56.7%
Explanation:
if the annual coupon rate = 55%
then the bond annual coupon payment assuming a 1000 par value will be
= 55% x 1000 = 550
Current yield = actual coupon payment / current bond price
= 550 /970= 0.567 = 56.7%
Explain the accounting function within a firm. What does this function do, and why is it important?
Answer and Explanation:
Accounting can defined as the process of keeping financial records of transactions of an organization, summarizing, analysing and reporting these financial transactions to interest entities who use these reports inaking financial decisions pertaining to the organization. In other words, the accounting function encompasses keeping accurate financial records with the aim of communicating and utilizing this financial information in making good financial decisions.
The accounting function is important because through accounting:
We are able to keep records of financial transactions on a day to day basis
We are able to know the financial position of our business and tell where something may be going wrong financially such as any fraudulent activities
We are able to make more informed decisions given the financial information at our disposal
Which one of the following is not part of the task of checking a diversified company's business?
A. Determining which business units have value chain match-ups that offer opportunities to transfer competitively valuable resources/capabilities from one business to another and which business lack such opportunities (and therefore have inadequate resource fit).
B. Determining whether one or more businesses soak up a disproportionate share of the corporate parent's financial resources, make subpar or inconsistent bottom-line contributions, are too small to make a material earnings contribution, or are unduly risky (such that the financial well-being of the whole company could be jeopardized in the event such businesses fall upon hard times).
C. Determining whether the corporate parent's resources and parenting capabilities are poorly matched to the needs/requirements of one or more of the businesses it has diversified into.
D. Determining whether the company has adequate financial strength to fund its different businesses, pursue growth via new acquisitions, and maintain a healthy credit rating.
E. Determining whether the company's resources and capabilities are being stretched too thinly by the resource/capability requirements of one or more of its businesses.
Answer:
All the above options are correct.
Explanation:
Value chain match-ups give rise to competitive advantage if it allows sister companies to leverage economies of scale by sharing production resources to the end that costs are significantly reduced, skills and technology are transferred and information grows within the system.
If any sub-business within a diversified group is taking more resources than it is contributing, it should be evaluated for possible course correction, "tune-ups" and or turn around interventions.
When there is a poor match between the parent company and the newly acquired company, there is often the need to re-evaluate the decision. If it is possible to effect a turnaround, at the least cost possible, the parent company would most likely do that otherwise, it "disconnects the umbilical cord".
Finance is a critical factor with maintaining a diverse array of businesses. Ideally, each business should be responsible for it's financial health. However the collective financial health of each sub-business is also reflective of the ability to monitor the progress of each subsidiary an make good business calls.
Cheers!
What type of value may consumers be interested in if they are looking for the potential rate of return
Answer: Investment Value
Explanation:
The Investment value of a project is the amount that an investor believes the project is worth to them. There are certain parameters to decide this but the most important is the potential rate of return.
The Potential rate of return tells the investor how much they can expect as returns should they invest in such a project. If it is high, the investment value will be high as well.
A company's balance sheet shows: cash $39,000, accounts receivable $45,000, equipment $80,000, and equity $87,000. What is the amount of liabilities?A. $83,000.B. $251,000.C. $77,000.D. $151,000.E. $164,000.
Answer:
C. $77,000
Explanation:
Calculation for the amount of liabilities
Using this formula
Amount of liabilities=(Cash+Account receivable +Equipment) -Equity
Let plug in the formula
Amount of liabilities=($39,000+$45,000+$80,000)-$87,000
Amount of liabilities=$164,000-$87,000
Amount of liabilities=$77,000
Therefore the Amount of liabilities will be $77,000
There are zero coupon bonds outstanding that have a YTM of 6.09 percent and mature in 17 years. The bonds have a par value of $10,000. If we assume semiannual compounding, what is the price of the bonds?
Answer:
$3,606.49
Explanation:
the price of a zero coupon bond = maturity value / (1 + i)ⁿ
maturity value = $10,000i = 6.09% / 2 = 3.045% semiannual interest raten = 17 years x 2 semiannual compounding = 34 periodsthe price of a zero coupon bond = $10,000 / (1 + 3.045%)³⁴ = $10,000 / 1.03045³⁴ = $10,000 / 2.772779928 = $3,606.49
the formula we used to determine the market price of a zero coupon bond is basically the present value
A ______ policy focuses on the unintentional or purposeful release of information from a corporation without authorization.
Answer:
Data Loss Prevention (DLP)
Explanation:
Data Loss Prevention or DLP is the set of processes that aims to protect an organisation's information and prevents end users from transferring key information outside the network.
DLP also allows a system administrator monitor information that shared by employees.
When an employee transfers unauthorised information from the network DLP detects it and relevant action can be taken against the employee.
Causes of data loss are carelessness, misuse, and theft.
Responsibility for the financial statements and other information found in the annual report lies with
Answer:
Management
Explanation:
The Management of the company are appointed as stewards by the owners of the company (shareholders). They have a role in reporting the entity`s operations and ensuring that they provide a good return for the shareholders investments.
(a) Argue whether or not a firm should continue production if its MR is lower than its AVC. (b) Support your argument with explanations.
Answer: A firm should not continue production when its MR is lower than its AVC.
Explanation:
The goal of every firm is to minimize cost and also maximize profits and therefore the firm will operate at the output level where the marginal revenue and the marginal cost equates.
A firm should not continue production when its MR is lower than its AVC. Here, the firm will incur a higher loss during production as producing will not offset the variable cost. Therefore, it's better to shut down.
"Al quit his job as a manager at North End Savings bank where he earned $105,000 a year. He cashed in $300,000 in corporate bonds that earned 2% interest annually to set up a gym. Al has decided to buy a store front and set up exercise classes. There are 900 people who will pay $1200 a year for unlimited classes; $850 from each person goes for"
Answer:
the question is incomplete, so I looked for more information:
"...for instructors, rent, maintenance, equipment, insurance, depreciation etc.
Write your answers to the following questions on the answer sheet.
A. What are Al’s total revenues?
B. What are Al’s explicit costs?
C. What is his accounting profit?
D. List 2 in numbers 2 implicit costs that Al has not included.
E. What is Al ’s pure economic profit (or loss) in numbers?"
a) Al's total revenues = 900 x $1,200 = $1,080,000
b) Al's explicit costs = 900 x $850 = $765,000
c) accounting profit = $1,080,000 - $765,000 = $315,000
d) implicit costs = $105,000 (in lost wages) + $6,000 (in lost interests) = $111,000
e) pure economic profit = $315,000 - $111,000 = $204,000
ABC Production ABC Production, a consumer products firm with a functional structure, is expanding from a single product line into several diverse product groups, with most sales within one country. What form of departmentalization should it eventually adopt to manage the new conditions most effectively
Answer:
Divisional product structure
Explanation:
Divisional product structure is also referred to as a product based structure. Employee are shared into divisions based on products they manufacture and sell within a particular geographic location.
The advantage of this structure is that employees work efficiently on the production and sale of one particular product.
This is ideal for ABC production that are expanding from a single product line into several diverse product groups, with most sales within one country.
The main principle behind corporate governance is that the ultimate power to make decisions resides in the hands of _______________________.
Answer:
Board Members
Explanation:
The Board Members are appointed as Stewards for the company by the owners (shareholders). They have a sole role of making sure that the shareholders get a favorable return on their capital with out upsetting the triple bottom line that is People, Profit and Planet (Environment).
Corporate Governance established through regulations or other codes of such as the King IV ensure that each and every board member exercise their required expertise to the benefit of the Company.
Use the information below to answer the following questions about the Canary Cruises Corporation. The Canary Cruises Corporation Income Statement Accounts for the year ending December 31, 2017 Account Balance Cost of goods sold $345,000 Interest expense $79,000 Taxes $57,100 Revenue $836,000 Selling, general, and administrative expenses $93,000 Depreciation $126,000 Refer to the Canary Cruises Corporation Income Statement Accounts. What is the net income for the Canary Cruises Corporation for 2017
Answer:
$135,900
Explanation:
The net income is computed as follows;
Revenue - Costs of goods sold - Selling and general expenses - depreciation - interest expense - taxes
Net income = $836,000 - $345,000 - $93,000 - $126,000 - $79,000 - $57,100
= $135,900
Answer:
Net income = $135,900
Explanation:
Canary Cruises Corporation
Income Statement
For the year ended December 31, 2017
Revenue $836,000
Cost of goods sold ($345,000)
Gross profit = $491,000
S&A expenses ($93,000)
Depreciation ($126,000)
EBIT = $272,000
Interest expense ($79,000)
Net income before taxes = $193,000
Taxes ($57,100)
Net income = $135,900
Sometimes employees have different opinions about how things should be done, or simply have a personality conflict, and then Candace fulfills the
Answer:
disturbance handler role of management
Explanation:
Note that a manager not only directs employees but also resolves disputes among employees. In this scenario, Candace plays the disturbance handler role of management which involves a manager to fairly use his position of authority to resolve conflicts among employees.
alley Spa purchased $10,800 in plumbing components from Tubman Co. Valley Spa signed a 60-day, 10% promissory note for $10,800. If the note is dishonored, but Tubman intends to continue collection efforts, what is the journal entry to record the dishonored note
Answer: Please see explanation column for answer
Explanation:
Interest amount =Principal (note amount) x rate x period
= $10,800 x 10% x 60/360 = $180
journal entry to record the dishonored note
Account Debit Credit
Account receivable - valley spa $10,980
Interest Revenue $180
Notes receivable $10,800
Account receivable= $10,800 +$180 =$10,980
Here, the company intends to continue with collection efforts, so the amount would be classified as the dishonored note as part of accounts receivable by Debiting the accounts receivable which would be the total of the principle and interest owed also crediting the notes receivable account for the principle amount and the interest revenue account for the interest amount.
Do you think that MTV's future lies mostly in its international operations?
Answer:
Yes.
I think that "MTV's future lies mostly in its international operations." This is where the market is for cable TV. The domestic market is already saturated. For an organization of its kind, the best it can do is to expand beyond the domestic market, which it has already done. For example, its African channel is booming. It is also a way to project American culture to the world to help create cross-cultural understanding, while also importing some outside culture to the US in a globalized world.
Explanation:
As a giant American multinational cable channel, MTV focuses on original reality programming which targets teenagers and young adults. This defines its vision and mission. This implies that the company has already identified its purpose. There are teenagers and young adults over the world. This is why its outreach should not be restricted to the domestic US market alone.
Yes, I believe MTV's future lies mostly in its international operations. This is because the domestic market is almost saturated.
MTV, which is one of the foremost music television channels, can expand and grow its marketing operations by establishing and drawing international markets.
This is because making their output and contents align with the international markets such as Europe, Africa, Asia, and Latin America would generate more income.
Not only that, most international markets like Africa and Asia are still developing in terms of music and exposure to American content. Thus MTV has more space to develop.
Again, MTV can promote and develop the other continents' arts and culture in the American markets.
Hence, in this case, it is concluded that MTV's future lies mostly in its international operations.
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