Answer: a tik toker
If a company increases its prices from $2 to $2.20, and its sales fall from 5 million units to 4.5 million units, using the midpoint method, what is the price elasticity of demand for this market?
a. 1
b. 1.5
c. 2
d. 0.5
Answer:
-1.10526
Explanation:
The computation of the price elasticity of demand is shown below:
Price elasticity of demand is
= (Change in quantity demanded ÷ average of quantity demanded) ÷ (Change in price ÷ average of price)
where,
q1 = 5
q2 = 4.5
p1 = $2
p2 = $2.2
So,
= {(4.5 - 5) ÷ (4.5 + 5) ÷ 2} ÷ {(2.2 - 2) ÷ (2.2 + 2) ÷ 2 }
= {-0.5 ÷ 4.75 } ÷ {0.2 ÷ 2.1 }
= -0.10526 ÷ 0.0952
= -1.10526
Hudson Corporation will pay a dividend of $2.78 per share next year. The company pledges to increase its dividend by 4.5 percent per year indefinitely. If you require a return of 15 percent on your investment, how much will you pay for the company’s stock today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer:
You need to pay $26.47. The further explanation is given below.
Explanation:
The given values are:
Dividend
[tex]D_1 = $2.78\ per share[/tex]
Required rate of return
[tex]k_e = 0.15[/tex]
Dividend's growth rate
[tex]g = 0.045[/tex]
Now,
The stock price will be:
= [tex]\frac{2.78}{0.15-0.045}[/tex]
= [tex]\frac{2.78}{0.105}[/tex]
= [tex]26.47[/tex]
pls help!!! will give brainly!!!
Emma is a biomedical engineer who designs robots that perform intricate surgeries. Into which two career clusters that we have considered so far could Emma’s job fall? Give a reason for your choices.
Answer:
I believe this would be in the Engineering and technology pathway.
Explanation:
Examples of someone in a engineering and technology pathway are people like Biomedical engineers so it makes sense!
Delph Company uses a job-order costing system and has two manufacturing departments—Molding and Fabrication. The company provided the following estimates at the beginning of the year:
Molding Fabrication Total
Machine-hours 23,000 33,000 56,000
Fixed manufacturing overhead costs $790,000 $200,000
$990,000
Variable manufacturing overhead cost per machine-hour $5.60 $5.60
During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobs—Job D-70 and Job C-200. It provided the following information related to those two jobs:
Job D-70: Molding Fabrication Total
Direct materials cost $ 371,000 $ 328,000 $ 699,000
Direct labor cost $ 240,000 $ 160,000 $ 400,000
Machine-hours 16,000 7,000 23,000
Job C-200: Molding Fabrication Total
Direct materials cost $ 290,000 $ 210,000 $ 500,000
Direct labor cost $ 100,000 $ 240,000 $ 340,000
Machine-hours 7,000 26,000 33,000
Delph had no underapplied or overapplied manufacturing overhead during the year.
Required:
1. Assume Delph uses a plantwide predetermined overhead rate based on machine-hours.
a. Compute the plantwide predetermined overhead rate.
b. Compute the total manufacturing cost assigned to Job D-70 and Job C-200.
c. If Delph establishes bid prices that are 150% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-200?
d. What is Delph's cost of goods sold for the year?
Answer:
Delph Company
a) Plantwide predetermined overhead rate = $17.68
b) The total manufacturing cost assigned to:
Job D-70 Job C-200
Direct materials cost $ 699,000 $ 500,000
Direct labor cost 400,000 340,000
Manufacturing overhead 720,789 582,811
Total manufacturing cost $ 1,819,789 $ 1,422,811
c) Bid Prices:
Job D-70 Job C-200
150% of total manufacturing cost $2,729,683.50 $2,134,216.50
d) Cost of goods sold:
Job D-70 $ 1,819,789
Job C-200 $ 1,422,811
Total $3,242,600
Explanation:
a) Data and Calculations:
Molding Fabrication Total
Machine-hours 23,000 33,000 56,000
Fixed manufacturing overhead costs $790,000 $200,000 $990,000
Variable overhead cost per machine-hour $5.60 $5.60
Molding Fabrication Total
Job D-70
Direct materials cost $ 371,000 $ 328,000 $ 699,000
Direct labor cost $ 240,000 $ 160,000 $ 400,000
Machine-hours 16,000 7,000 23,000
Job C-200
Direct materials cost $ 290,000 $ 210,000 $ 500,000
Direct labor cost $ 100,000 $ 240,000 $ 340,000
Machine-hours 7,000 26,000 33,000
Plantwide predetermined overhead rate based on machine-hours:
= $990,000/56,000
= $17.68
Manufacturing overhead costs:
Molding Fabrication Total
Fixed manufacturing overhead costs $790,000 $200,000 $990,000
Variable manufacturing overhead 128,800 184,800 313,600
Total manufacturing overhead costs $918,800 $384,800 $1,303,600
Overhead rate
Molding = $39.9478 ($918,800/23,000)
Fabrication = $11.6606 ($384,800/33,000)
Assignment of manufacturing overhead:
Job D-70 Job C-200
Molding $639,165 $279,635
Fabrication 81,624 303,176
Total $720,789 $582,811
The manager of a fashionable restaurant open Wednesday through Saturday says that the restaurant does about 26 percent of its business on Friday night, 34 percent on Saturday night, and 24 percent on Thursday night. What seasonal relatives would describe this situation?
Answer: See Explanation
Explanation:
The work done for each day is written below:
Thursday night = 24%
Friday night = 26%
Saturday night = 34%
Wednesday night = 100% - (24% + 26% + 34%) = 100% - 84% = 16%
Let's assume that sales in a week is represented by x. Therefore average sales in week if x = 1 will be 1/4 = 0.25.
Seasonal relative will be:
= Sales in a day /Average sales in a week
Wednesday = 16% / 0.25 = 0.16 / 0.25 = 0.64
Thursday = 24% / 0.25 = 0.96
Friday = 26% / 0.25 = 1.04
Saturday = 34% / .25 = 1.36
What are the annual social security withholding for an executive whose annual gross earnings are $98,485?
Answer:
$6,106.07
Explanation:
Calculation for the annual Social security withholding
Based on the information given the annual gross earnings are the amount of $98,485 which is lower than the taxable maximum of the amount of $137,700 in 2020 as well as the amount of $142,800 in 2021 which means that the annual social security withholding will be :
Using this formula
Annual Social security withholding =6.2%*Annual gross earnings that is subject to a taxable maximum
Let plug in the formula
Annual Social security withholding= 6.2%*$98,485
Annual Social security withholding= $6,106.07
Therefore the Annual Social security withholding will be $6,106.07
Cushman Company had $812,000 in sales, sales discounts of $12,180, sales returns and allowances of $18,270, cost of goods sold of $385,700, and $279,330 in operating expenses. Gross profit equals:
Answer:
$395,850
Explanation:
Calculation for Cushman Company Gross profit
Using this formula
Gross Profit=Sales-Sales discounts-Sales returns and allowances-Cost of goods sold
Let plug in the formula
Gross Profit = $812,000 - $12,180 - $18,270- $385,700
Gross profit= $395,850
Therefore Cushman Company Gross profit will equal $395,850
An individual who makes $32,000 per year anticipates retiring in 30 years. If their salary is increased by $600 each year and they deposit 10% of their yearly salary into a fund that earns 7% interest, what is the future worth at retirement?
Answer:
$366,287.15
Explanation:
Annual salary = $32000
No. of years (n) = 30 years
Increment in salary = $600
Deposit rate = 10%
Interest rate (r) = 7% or 0.07
Growth rate (g) = Increment in salary \div annual salary
Growth rate = $600 \ $32000
Growth rate = 0.01875
First deposit = $32000 x 10% = $3200
Future worth = [First deposit \ (r - g)] x [(1 + r)n - (1 + g)n]
Future worth = [$3200 \ (0.07 - 0.01875)] x [(1 + 0.07)30 - (1 + 0.01875)30]
Future worth = [$3200 \ 0.05125] x [(1.07)30 - (1.01875)30]
Future worth = $62439.0243902 x [7.6122550423 - 1.7459373366]
Future worth = $62439.0243902 x 5.8663177057
Future worth = $366287.15
Hence, the future worth at retirement is $366,287.15
At Eady Corporation, maintenance is a variable overhead cost that is based on machine-hours. The performance report for July showed that actual maintenance costs totaled $13,680 and that the associated rate variance was $450 unfavorable. If 7,000 machine-hours were actually worked during July, the standard maintenance cost per machine-hour was:
Answer:
$1.89 per machine hour
Explanation:
With regards to the above information, we can say that since the associated rate variance is unfavorable, then, that amount must be subtracted from the actual maintenance cost so that we can arrive at the standard maintenance cost.
Standard maintenance cost = $ 13,680 - $450
= $13,230
Also, during July, 7,000 machine hours were actually worked , hence the standard machine maintenance cost per machine hour would be;
= $13,230 / 7,000
= $1.89
Therefore, the cost was $1.89 per machine hour.
For a soft drink compant, dividing the market up based on fashion preferences is an example of which segmentation variable?
A. Geographic
B. Demographic
C. Psychographic
D. Behavioral
Answer:
The correct answer is the option C: Psychographic
Explanation:
To begin with, in the field of marketing the term known as segmentation refers to the strategy of dividing the target market into different groups that characterizes themselfs because of having common features in their lifestyles of something like that for example. So when segmentation takes place there are different types of it, the psychographic segmentation is the one that focus on the psycological part of the people and their common likes, attitudes, aspirations and more. Therefore that one they are segmentating according to fashion preferences they are doing a psychographic segmentation
The allowance method that assumes a given percent of a company’s credit sales for the period is uncollectible is:___________.
a. The percent of sales method.
b. The percent of accounts receivable method.
c. The aging of accounts receivable method.
d. Direct write-off method.
e. Factoring method.
Answer:
Option A
Explanation:
In simple words, The percentage of sales method can be defined as the financial forecasting model under which all financial line items such as cost of goods sold, stock levels, and funds are expressed in the form of percentage of total sales made from a company's accounts. The analyst then used those projected sales to estimate he future values of those items.
The allowance method with the assumption that a given percent of a company’s credit sales for the period is uncollectible is: The percent of sales method.
The percent of sales method serves as financial forecasting model whereby financial line items such as costs of goods sold as well as inventory, and cash are been calculated as a percentage of sales.It usually use the assumption that particular percent of credit sales in that particular period is uncollectible .Therefore, option A is correct.
Learn more at:
https://brainly.com/question/18957404?referrer=searchResults
IKEA is very Sweden-centric; that is, they like doing it the Swedish way, from the names of the furniture to the management of the company. Sweden is a neutral country, so maybe this is the way to go for a global company, but is smart to be too centric to a specific country when you are a global corporation
Answer:
It can be a smart strategy if the country has a significant amount of soft power (power not on military or economic terms, but on cultural and social terms).
Explanation:
For example, Sweden is a country that enjoys a high level of prestige around the world, because it is a very well developed country, with a very high standard of living, an economic model that many people admire (the Nordic Model), and several cultural exports like Volvo cars, or ABBA, that enjoy popularity around the world.
IKEA, in that sense, is like another Swedish cultural export, and when people go to an IKEA, they go expecting to find something "Swedish", so in this sense, the strategy can clearly pay off because of the soft power that Sweden has.
what is business ?please explain about it
Answer: business can be defined as an organization dedicated to do commercial and professional activities.
Explanation:
The word business can also be defined as the activities and efforts that a person makes in order to produce money. To do this, the person creates products or sells services to obtain a reward.
Currently, many people are taking the line of entrepreneurship, where they put their own businesses and become their bosses. They themselves develop their model of how they are going to distribute and market the products or services they have so that they reach the population.
The business is something that comes from ancient times. Barter was a way of doing business since if a person was interested in something that another had, they proceeded to make an exchange.
Assuming a 360-day year, when a $49,200, 90-day, 6% interest-bearing note payable matures, the total payment will be ______ .
Round your answer to the nearest whole dollar.
a. $2,952
b. $49,938
c. $52,152
d. $49,200
Answer:
b. $49,938
Explanation:
The computation of the total payment is shown below:
Total payment is
= Principal + interest amount
where,
The Principal is $49,200
And, the interest is
= $49200 × 6% × 90 days ÷ 360 days
= $738
Now
Total payment is
= $49,200 + $738
= $49,938
hence, the correct option is b. $49,938
The same is to be considered
A manufacturing company incurs direct materials costs of $6 per unit. The total direct materials cost is______when the company manufactures 2,000 units.
Answer:
$12,000
Explanation:
The manufacturing company has a direct materials cost of $6
The company manufactures 2,000 unit
Therefore total direct material cost can be calculated as follows
= 2,000×6
= $12,000
Hence the total direct material cost of $12,000
Susan Pinsky's checking account had a balance of $137.66. She wrote a check for $23.62 on September 3. On September 7, the bank made an automatic transfer (AT) of $25.41 to pay her phone bill. She made a deposit of $146.24 on September 12. What is the new balance Pinsky's account?
Answer:
$234.87
Explanation:
Pinky's new balance will be the opening balance plus additional. Deposits minus withdrawals. The new balance will be the starting balance plus cash-in minus the cash-out.
Starting balance =$137.66
Cash-in: $146.24
Cash-out : check $23.62 + (AT) of $25.41 =$49.03
New balance = $137.66 + $146.24 - $49.03
=$283.9- 49.03
=$234.8
If the growth rate of the money supply is 8%, velocity is constant, and real GDP grows at 4% per year on average, then the inflation rate will be _____%.If the growth rate of the money supply increases to 13%, velocity is constant, and real GDP grows at 2% per year on average, then the inflation rate will be _____%.If the growth rate of the money supply increases to 13%, velocity grows at 11%, and real GDP grows at 2% per year on average, then the inflation rate will be ______%.
Answer:
Explanation:
The formula to solve the question is:
∆M + ∆V = ∆P + ∆Y
where,
∆M = relation among money growth
∆V = changes in money velocity
P = change in prices
∆Y = change in real GDP
1. For question 1,
∆M = 8%, ∆V = 0, ∆Y = 4
∆M + ∆V = ∆P + ∆Y
8% + 0 = ∆P + 4%
∆P = 8% - 4%
Inflation rate = 4%
2. ∆M = 13%, ∆V = 0, ∆Y = 2%
∆M + ∆V = ∆P + ∆Y
13% + 0 = ∆P + 2%
∆P = 13% - 2%
∆P = 11%
Inflation rate = 11%
3. ∆M = 13, ∆V = 11, ∆Y = 2
∆M + ∆V = ∆P + ∆Y
13% + 11% = ∆P + 2%
∆P = 13% + 11% - 2%
∆P = 22%
Inflation rate = 22%
Using email for ____ purposes has many benefits, including low cost, immediate communication, interactivity, and the ability to contact multiple customers.
Answer: a. marketing
Explanation:
Using email for marketing purposes has become a very effective method of advertising since the advent of the internet and subsequently email services. It is quite low cost and yet has a wide coverage.
It also enables immediate communication that can be quite interactive thereby ensuring that customers can be personally catered for. It also allows for creativity in marketing as a multitude of methods can be used ranging from newsletters to posters.
If the total cost of 3 units is $40 and the total cost of 4 units is $50, the marginal cost of the fourth unit is:
Answer:
$10
Explanation:
Calculation for the marginal cost of fourth unit
Using this formula
Marginal cost = Change in Total cost / Change in number of units
Let plug in the formula
Marginal cost of fourth unit = $(50 - 40) / (4 - 3)
Marginal cost of fourth unit= $10 / 1
Marginal cost of fourth unit= $10
Therefore Marginal cost of fourth unit will be $10
Your firm has a debt-equity ratio of .75. Your pre-tax cost of debt is 8.5% and your required return on assets is 15%. What is your cost of equity if you ignore taxes? (Use MM Prop II, No Tax).
A. 11.25%
B. 12.21%
C. 16.67%
D. 19.88%
E. 21.38%
Answer:
D. 19.88%
Explanation:
The computation of the cost of equity is shown below:
Cost of equity = Return on assets + Debt equity ratio × (Return on assets -pre tax cost of debt)
= 0.15 + 0.75 × (0.15 - 0.085)
= 0.19875 or 19.88%
Hence, the correct option is D. 19.88%
We simply applied the above formula so that the correct value could come
And, the same is to be considered
A perfectly competitive industry consists of many identical firms, each with a long-run average total cost of LATC = 800 – 10Q + 0.1Q2 and long-run marginal cost of LMC = 800 – 20Q + 0.3Q2. In long-run equilibrium, each firm produces a quantity of ____. 50 40 30 60
Answer:
50
Explanation:
According to the question, The computation of the quantity produce is shown below:
Here we use the differentiation LRAC to zero
[tex]\frac{\partial LRATC}{\partial Q}=-10+0.2Q=0\\\\ 0.2Q=10\\\\ Q=50[/tex]
From above calculation it can be concluded that the each firm would be produced the quantity of long run equilibrium for 50
Hence, the first option is correct
Credit card balances are not considered to be money primarily because they: Multiple Choice are an asset used in making transactions. are rarely used to make purchases. are not part of people's wealth. do not represent an obligation to pay someone else.
Answer:
are not part of people's wealth.
Explanation:
Your credit card balance is basically how much you owe your credit card company or how much of your credit line you already used. Credit card balances do not increase individuals' wealth, they actually decrease it. Credit cards are short terms loans given by banks, i.e. liabilities.
A monopolist can sell 10,000 units at a price of $5 per unit. Lowering price to all buyers by $1 raises the quantity demanded by 1,000 units. What is the change in total revenue resulting from this price change?
Answer:
the revenue decreases by -$6000
Explanation:
The computation of the change in revenue is shown below:
Total revenue at Price is 5
Now total revenue is
= $5 × 10,000 units
= $50,000
Total revenue at Price is 4
Now Total Revenue is
= $4 × 11,000
= $44,000
Now the difference is
= $44,000 - $50,000
= -$6,000
Hence, the revenue decreases by -$6000
Follow lockout/tagout procedures in this situation.
Answer:all the above
Explanation:
What form of illegal activity will take place in response to a shortage of milk caused by price controls?
Answer: Black markets will develop to provide consumers with what they want.
Explanation:
Shortage is a situation that occurs when the demand for a particular product is more than the goods that are being supplied or available for sale.
If there is a shortage of milk, this means that there'll be consumers who can't get milk and hence, a black market will develop. It should be noted that a black market simply refers to a market wherby illegal transactions take place. From the back market, customers who want to buy milk but can't get milk can get whet they want.
A Reuter's article on March 14, 2012 reported that Somali pirates had decided to cut their ransom demands so as to avoid costly hostage maintenance and increase flow rate. The article says that on average the pirates were holding 30 ships hostage, and each ship was held for 150 days.How many ships on average are the pirates capturing each month? (Assume a month is 30 days)- 10 ships per month- 30 ships per month- 6 ships per month- 1/5 ships per month
Answer:
6 ships per month
Explanation:
30 ships are held for 150 days
[tex]30\ \text{ships}=150\ \text{days}[/tex]
[tex]1\ \text{day}=\dfrac{30}{150}\ \text{ships}[/tex]
[tex]1\ \text{day}=\dfrac{1}{5}\ \text{ships}[/tex]
[tex]30\ \text{days}=30\times \dfrac{1}{5}\ \text{ships}[/tex]
[tex]30\ \text{days}=6\ \text{ships}[/tex]
So, in a month 6 ships are captured.
Calgary Industries is preparing a budgeted income statement for 2018 and has accumulated the following information. Predicted sales for the year are $690,000 and cost of goods sold is 40% of sales. The expected selling expenses are $77,000 and the expected general and administrative expenses are $86,000, which includes $19,000 of depreciation. The company's income tax rate is 30%. The budgeted net income for 2018 is:__________
a) $414,000.
b) $175,700.
c) $251,000
d) $84,900.
e) $75,300.
Answer:
b. $175,700
Explanation:
Calgary Industries's budgeted net income for 2018 is computed as per the information above;
Sales
$690,000
Variable costs
(40% × $690,000)
($276,000)
Selling expenses
($77,000)
Administrative expenses
($86,000)
Earnings before taxes
$251,000
Income tax expense
(30% × $251,000)
($75,300)
Net income
$175,700
What is the present value of the following series of cash flows discounted at 12 percent:
$40,000 now;
$50,000 at the end of the first year;
$0 at the end of year the second year;
$60,000 at the end of the third year; and
$70,000 at the end of the fourth year
Answer:
The present value of the following series of cash flows discounted at 12 percent is:
$171,890
Explanation:
a) Data and Calculations:
Discount rate = 12%
$40,000 now;
$50,000 at the end of the first year;
$0 at the end of year the second year;
$60,000 at the end of the third year; and
$70,000 at the end of the fourth year
Future Value Discount Factor Present Value
$40,000 1 $40,000
$50,000 0.893 $44,650
$0 0.797 $0
$60,000 0.712 $42,720
$70,000 0.636 $44,520
Total present value $171,890
b) The present value is the discounted cash flow from series of future cash flows. The discount factor is applied to the individual cash flows, based on the number of years before the cash flow occurs.
Keith Company paid Major Company for merchandise with an $8,000, 60-day, 9% note dated April 1. If Keith Company pays the note at maturity, what entry should Major make at that time?a. cash 8,720 720 interest income 8,000 notes receivable b. notes payable 8,000 720interest expense 8,720 cashc.cash 8,120 interest income 120 notes receivable 8,000 d. notes payable 7,880 interest expense 120 cash 8,000
Answer:
c.Dr Cash 8,120
Cr Interest income 120
Cr Notes receivable 8,000
Explanation:
Based on the information we were told that the Company paid another company which is Major Company for merchandise with an amount of $8,000 which includes 60-day as well as 9% note dated April 1 which means that if Keith Company pays the note at maturity the journal entry that Major should make at that time will be:
Dr Cash 8,120
(8,000+120)
Cr Interest income 120 (8,000*9%/360*60)
Cr Notes receivable 8,000
what is the second largest country in the world ?
1.russia
2.china
3.canada
Answer:Canada
Explanation: