The target selling price per pair of boots for Concord Corporation would be $364.
To calculate the target selling price per pair of boots, we need to consider the total costs and the desired return on investment (ROI).
First, we add up the variable costs and fixed costs:
Variable costs: $46,000 (manufacturing) + $23,000 (selling and administrative) = $69,000
Fixed costs: $120,000 (manufacturing) + $80,000 (selling and administrative) = $200,000
Next, we calculate the total costs:
Total costs = Variable costs + Fixed costs
Total costs = $69,000 + $200,000 = $269,000
To determine the target selling price, we divide the total costs by the planned production and sales:
Target selling price = Total costs / Planned production and sales
Target selling price = $269,000 / 5,000 = $53.80
However, the target selling price should also consider the desired return on investment (ROI). The ROI is given as 40%, which means the desired return is 40% of the investment.
To calculate the desired return, we multiply the investment by the ROI:
Desired return = Investment * ROI
Desired return = $1,400,000 * 0.40 = $560,000
We then add the desired return to the total costs:
Target selling price = Total costs + Desired return
Target selling price = $269,000 + $560,000 = $829,000
Finally, we divide the target selling price by the planned production and sales to find the target selling price per pair of boots:
Target selling price per pair = Target selling price / Planned production and sales
Target selling price per pair = $829,000 / 5,000 = $364
Therefore, the target selling price per pair of boots for Concord Corporation would be $364.
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one common system for computing a grade point average (gpa) assigns 4 points to an a, 3 points to a b, 2 points to a c, 1 point to a d, and 0 points to an f. what is the gpa of a student who gets an a in a 2-credit course, a b in each of two 3-credit courses, a c in a 3-credit course, and a d in a 2-credit course
The student earned 34 grade points by getting an A, two Bs, a C, and a D. Dividing 34 by 13 credits yields a GPA of approximately 2.615.
To calculate the GPA, we need to determine the total number of grade points earned and divide it by the total number of credits attempted.
Given the following information:- A = 4 points (2-credit course), - B = 3 points (3-credit courses), - C = 2 points (3-credit course), - D = 1 point (2-credit course), - F = 0 points.
Let's calculate the grade points earned and credits attempted for each course:
- A in a 2-credit course: 4 points x 2 credits = 8 grade points
- B in each of two 3-credit courses: 3 points x 3 credits = 9 grade points (for each B, total 18 grade points)
- C in a 3-credit course: 2 points x 3 credits = 6 grade points
- D in a 2-credit course: 1 point x 2 credits = 2 grade points
Now, we sum up the grade points earned:
8 + 18 + 6 + 2 = 34 grade points
Next, we calculate the total number of credits attempted:
2 + 3 + 3 + 3 + 2 = 13 credits
Finally, we divide the total grade points (34) by the total credits attempted (13) to find the GPA:
GPA = Total grade points / Total credits
GPA = 34 / 13 ≈ 2.615
Therefore, the GPA of the student in this scenario is approximately 2.615.
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you have acquired 40 million dollars by issuing bonds. the ytm of the bond is 8%you have also acquired 40 million dollars by missing preferred stocks. the net price is 98% of the par and the fixed dividend rate is 8%.you have also acquired 20 million dollars via a long-term bank rate loan. the apr is 5%there is no floatation cost of any kind, and your tax rate is 30%. what is your after-tax wacc?
The after-tax WACC is 5.3188, which can be rounded to 0.0532 or 5.32% when expressed as a percentage. Need to consider the different sources of financing.
To calculate the after-tax weighted average cost of capital (WACC), we need to consider the different sources of financing and their respective weights. In this case, we have three sources: bonds, preferred stocks, and a bank loan. First, let's calculate the after-tax cost of debt (bonds). The Yield to Maturity (YTM) of the bonds is given as 8%, and the tax rate is 30%. So the after-tax cost of debt is 8% * (1 - 0.30) = 5.60%. Next, let's calculate the after-tax cost of preferred stocks. The net price of the preferred stocks is 98% of the par value, and the fixed dividend rate is 6%. The after-tax cost of preferred stocks is the fixed dividend rate divided by the net price, which gives us 6% / 98% = 6.12%.
Now, let's calculate the after-tax cost of the bank loan. The APR of the loan is 4%, compounded annually. Since the interest expense is tax-deductible, the after-tax cost of the bank loan is the APR multiplied by (1 - tax rate), which gives us 4% * (1 - 0.30) = 2.80%. Finally, let's calculate the weights of each component. The total financing is $30 million + $40 million + $10 million = $80 million. So the weight of bonds is $30 million / $80 million = 0.375, the weight of preferred stocks is $40 million / $80 million = 0.500, and the weight of the bank loan is $10 million / $80 million = 0.125.
To calculate the after-tax WACC, we multiply the weight of each component by its respective after-tax cost and sum them up: After-tax WACC = (0.375 * 5.60%) + (0.500 * 6.12%) + (0.125 * 2.80%) By performing the calculations, we find that the after-tax WACC is 5.3188, which can be rounded to 0.0532 or 5.32% when expressed as a percentage.
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Incomplete Question :
You have acquired 30 million dollar by issuing bond. The Yield of Maturity of the bond is 8%.
You have also acquired 40 million dollar by issuing preferred stocks. The net price is 98% of par and the fixed dividend rate is 6%.
You have also acquired 10 million dollars by a long term loan from Bank ABC. The APR is 4% and is compounded annually.
There is no floatation cost of any kind, and your tax rate is 30%.
What is your after tax WACC? (Write your answer with four decimals. For example, if your answer is 7.52%, write your answer as 0.0752)
This question is worth 2 points. answer asap
When a conflict resolution process is utilized in the workplace, it is important to demonstrate how the process can improve __________.
When a conflict resolution process is utilized in the workplace, it is important to demonstrate how the process can improve communication, teamwork, and overall productivity.
Utilizing a conflict resolution process in the workplace is crucial, as it can have a positive impact on communication, teamwork, and overall productivity. By addressing conflicts in a structured and collaborative manner, employees have the opportunity to express their concerns, actively listen to others, and find mutually beneficial solutions. This process encourages open and respectful communication, fostering a more positive work environment. Resolving conflicts also helps build stronger relationships and trust among team members, leading to improved teamwork and collaboration. As conflicts are effectively managed and resolved, it reduces distractions and allows employees to focus on their tasks, enhancing productivity and contributing to the overall success of the organization.
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A builder is required to secure a loan with mortgages on three properties. this is an example of:________.
A builder securing a loan with mortgages on three properties is an example of collateralization or securing a loan with collateral.
Collateralization refers to the act of providing assets or property as security or collateral for a loan. In this scenario, the builder is using the three properties as collateral to secure the loan. By doing so, the lender has the right to take ownership of the properties in case the builder defaults on the loan repayment.
By offering mortgages on the three properties, the builder pledges them as security for the loan. Mortgages are legal agreements where the borrower (in this case, the builder) grants the lender a security interest in the properties, which serves as collateral for the loan. If the builder fails to repay the loan according to the agreed-upon terms, the lender can initiate foreclosure proceedings to take possession of the properties and sell them to recover the outstanding debt.
Using properties as collateral provides the lender with a form of protection, reducing the risk associated with lending a significant amount of money. It also gives the builder access to financing based on the value of the properties, leveraging their assets to secure the loan.
Securing a loan with mortgages on three properties is an example of collateralization. The builder pledges the properties as collateral to provide security to the lender, enabling them to access the loan. Collateralization is a common practice in lending, providing lenders with assurance and borrowers with the ability to leverage their assets to obtain financing.
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According to MMT, the government faces a financial constraint just like a household does
True
False
False. According to Modern Monetary Theory (MMT), the government does not face the same financial constraint as a household.
MMT argues that governments that issue their own currency can never run out of money or become insolvent in their own currency. They have the ability to create money through spending and can use taxation and borrowing as tools to manage inflation and regulate the economy. MMT emphasizes that the real constraint on government spending is the availability of resources and productive capacity rather than financial limitations.
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If each increment of the rtp timestamp clock (i.e., one unit) represents 1/8,000 of a second, how many seconds or milliseconds of conversation are carried in each rtp packet?
Duration of conversation in seconds = 2,000 increments * 0.000125 seconds/increment
Duration of conversation in milliseconds = 2,000 increments * 0.125 milliseconds/increment
The rtp timestamp clock represents time in increments, where each increment represents 1/8,000 of a second. To determine how many seconds or milliseconds of conversation are carried in each rtp packet, we need to consider the size of the rtp packet and the duration represented by each increment.
Let's say the size of the rtp packet is X. Since each increment of the rtp timestamp clock represents 1/8,000 of a second, we can calculate the duration represented by each increment by dividing 1 second by 8,000. This gives us 0.000125 seconds or 0.125 milliseconds per increment.
To find out how many increments fit in the rtp packet, we can divide the size of the rtp packet (X) by the duration represented by each increment (0.000125 seconds or 0.125 milliseconds). This will give us the number of increments in each rtp packet.
To calculate the duration of conversation carried in each rtp packet, we multiply the number of increments in each rtp packet by the duration represented by each increment. This will give us the duration of conversation carried in each rtp packet, either in seconds or milliseconds.
For example, if the rtp packet size is 2,000 increments, the calculation would be as follows:
Duration of conversation in seconds = 2,000 increments * 0.000125 seconds/increment
Duration of conversation in milliseconds = 2,000 increments * 0.125 milliseconds/increment
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Conversica's chatbots have the ability to more consistently and accurately contact sales leads via e-mail or text message. Which dimension of service quality does this skill enhance? Multiple Choice assurance responsiveness empathy 0 tangibles
Conversica's chatbots have the ability to more consistently and accurately contact sales leads via email or text message. The dimension of service quality that this skill enhances is responsiveness.
Keep on reading to know more about it.
The dimensions of service quality are described as tangibles, reliability, responsiveness, assurance, and empathy. Responsiveness is the dimension of service quality that refers to the company's willingness and readiness to help customers and respond to their inquiries, concerns, and complaints.
In this situation, the chatbots in Conversica are more capable of consistently and accurately contacting sales leads through email or text messages.
This means that they are readily available to respond to customers, which falls under the responsiveness dimension. Conversica is capable of providing instant replies to their customers, which is a vital aspect of customer satisfaction.
As a result, it improves the overall quality of service that Conversica provides.
Conversica, being an AI-powered software, offers the right balance between human interaction and automation.
The chatbots created by Conversica take the strain off sales teams and assist them in streamlining their operations.
This results in greater productivity and effectiveness, as well as faster response times, resulting in better customer satisfaction.
As a result, the responsiveness dimension of service quality is enhanced by Conversica's ability to more consistently and accurately contact sales leads via email or text message.
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if your recommendation is based on analyzing a variety of circumstances because no single management theory applies to all situations, you are applying which approach to management?
If annual meeting is based on analyzing variety of circumstances because no single management theory applies to all situations, approach being applied to management is Contingency management. So, correct option is A.
Contingency management, also known as the contingency approach, recognizes that there is no one-size-fits-all management theory or approach that can be applied universally to all situations. It emphasizes that different circumstances require different management strategies, and the most effective approach depends on the specific context and conditions.
In this scenario, the steering committee is considering a range of factors such as accessibility, available facilities, cost, local resources, and participant preferences when selecting the location for the annual meeting.
By recognizing that no single management theory can fully address the complexity of this decision-making process, the committee is adopting a contingency management approach.
Contingency management encourages managers to analyze and adapt their strategies based on the unique requirements of each situation, taking into account various internal and external factors. It promotes flexibility, responsiveness, and the ability to tailor management practices to specific circumstances, ultimately aiming for the most suitable outcomes in diverse situations.
So, correct option is A.
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Complete question is:
Imagine you are a member of the Academy of Management (ACM) and on the steering committee to choose a location for the organization's annual meeting. When making the recommendation, you will explain which management theory was used to make that choice. If your recommendation is based on analyzing a variety of circumstances because no single management theory applies to all situations, you are applying which approach to management?
a) Contingency management
b) Information management
c) Systems management
d) Operations management
Whenever the cost of capital for an all-equity firm is greater than the cost of debt, the cost of equity Blank______. Multiple choice question. increases with leverage is unaffected by leverage decreases with leverage
The correct answer is "increases with leverage."
Whenever the cost of capital for an all-equity firm is greater than the cost of debt, the cost of equity decreases with leverage.
Let me explain why this is the case.
Cost of capital is the average rate of return that a company needs to earn on its investments to satisfy its investors. It is composed of the cost of equity and the cost of debt.
The cost of equity is the return required by shareholders for their investment in the company's stock. It reflects the risk associated with investing in the company's equity. On the other hand, the cost of debt is the interest rate a company pays on its borrowed funds.
When the cost of capital for an all-equity firm is greater than the cost of debt, it means that the cost of equity is higher than the cost of debt. In other words, shareholders require a higher return on their investment compared to the interest rate on the company's debt.
Now, when the firm introduces leverage, it means that it starts using debt to finance a portion of its operations. By doing so, the overall cost of capital decreases because debt is cheaper than equity.
As the firm increases its leverage, it relies more on debt financing, which has a lower cost compared to equity. This, in turn, lowers the overall cost of capital. Consequently, the cost of equity decreases with leverage.
To summarize, when the cost of capital for an all-equity firm is greater than the cost of debt, the cost of equity decreases with leverage because debt financing lowers the overall cost of capital.
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An organic farmer grows custom vegetables for high-end restaurants. She finds that the demand for her products is inelastic with respect to the price. This year, she restricts output by 15% to increase the price she obtains for her products. Which of the following outcomes is most likely to occur.
Total revenues would increase.
Total revenues would decrease.
Consumers would buy more tobacco
Total revenues would most likely increase. By restricting output and increasing the price, the farmer is taking advantage of the inelastic demand. This means that even with a price increase, the demand for her products will not decrease significantly.
As a result, the higher price per unit, combined with a relatively stable demand, will lead to increased total revenues for the farmer. Since the demand for the farmer's products is inelastic with respect to the price, it implies that consumers are less responsive to price changes. When the farmer restricts output by 15%, the reduced supply creates a scarcity of her custom vegetables. As a result, the high-end restaurants, which rely on these exclusive products, are willing to pay a higher price to secure the limited supply. This higher price per unit, combined with the relatively stable demand, results in an overall increase in total revenues for the farmer.
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Find the amount of the payment to be made into a sinking fund so that enough will be present to accumulate the following amount. Payments are made at the end of each period. $95,000; money earns 8% compounded semiannually for 2 2
1
years The payment size is $ (Do not round until the final answer. Then round to the nearest cent.)
The payment size needed to accumulate $95,000 in 2 2 1 years with an 8% interest rate compounded semiannually is approximately $4,119.18.
To calculate the payment size needed to accumulate a specific amount in a sinking fund, we can use the formula for the future value of an ordinary annuity:
A = P * ((1 + r/n)^(n*t) - 1) / (r/n)
Where:
A is the future value
P is the payment size
r is the interest rate per period
n is the number of compounding periods per year
t is the number of years
In this case, the future value is $95,000, the interest rate is 8% (or 0.08) compounded semiannually (2 times a year), and the time period is 2 2 1 years.
Plugging the values into the formula, we have:
$95,000 = P * ((1 + 0.08/2)^(2*2.25) - 1) / (0.08/2)
Solving for P, we find that the payment size P is approximately $4,119.18.
Therefore, the payment size needed to accumulate $95,000 in 2 2 1 years with an 8% interest rate compounded semiannually is approximately $4,119.18.
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marketing methods for movies include test screenings and sneak previews but movie trailers are optional and rarely used because they are expensive to produce.
While test screenings and sneak previews are common in movie marketing, trailers are widely used and considered essential in building anticipation and reaching a broad audience, despite their production costs.
Movie marketing methods aim to create buzz and generate interest in upcoming films. Test screenings and sneak previews are commonly employed to gauge audience reactions and generate early word-of-mouth. On the other hand, movie trailers, although optional, are widely utilized due to their effectiveness in building anticipation and reaching a broad audience.
Test screenings and sneak previews serve as valuable market research tools for filmmakers.
By showing the movie to a select audience before its official release, filmmakers can gather feedback and make necessary adjustments based on audience reactions. This helps them gauge the film's potential success and identify areas for improvement. Additionally, positive word-of-mouth generated from these screenings can help generate buzz and attract potential viewers.
While movie trailers may be expensive to produce, they are considered an essential part of the marketing campaign for most films. Trailers provide a condensed preview of the movie's key elements, including the plot, characters, and visual effects, in a visually captivating and engaging manner.
They serve as a powerful promotional tool that can create excitement, generate anticipation, and reach a wide audience across various media platforms such as theaters, television, and online channels. Trailers allow filmmakers to build hype and generate interest among potential viewers, ultimately driving ticket sales and audience turnout.
In summary, while test screenings and sneak previews offer valuable insights and generate early buzz, movie trailers are widely used and considered an integral part of movie marketing campaigns. Despite the production costs involved, trailers play a crucial role in building anticipation, reaching a broad audience, and driving ticket sales for upcoming films.
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a stock's beta, which can be affected by surprise news or announcements, is a measure of its __________ in relation to a benchmark like an index fund. price yield credit rating volatility
A stock's beta, which can be affected by surprise news or announcements, is a measure of its volatility in relation to a benchmark like an index fund.
Beta measures the sensitivity of a stock's price movements to changes in the overall market. A beta greater than 1 indicates that the stock is more volatile than the market, while a beta less than 1 suggests lower volatility. Therefore, beta reflects the stock's price volatility in comparison to the benchmark, which can be influenced by unexpected news or announcements impacting its price movements.
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on december 31, 2021 sandhill company changed its method of accounting for inventory from weighted average cost method to the fifo method. this change caused the 2021 beginning inventory to increase by $1000000. what the cumulative effect of this accounting change to be reported for the year ended 12/31/21, assuming a 40% tax rate
Cumulative effect of changing the accounting method for inventory from weighted average cost to FIFO method for Sandhill Company for the year ended December 31, 2021, is $800,000. This change caused the beginning inventory to increase by $1,000,000.
The cumulative effect of the accounting change from weighted average cost method to FIFO method for Sandhill Company for the year ended December 31, 2021, can be calculated as follows:
1. Determine the change in the beginning inventory:
The change in the beginning inventory is given as $1,000,000. This means that the inventory balance increased by $1,000,000 due to the change in accounting method.
2. Calculate the tax impact:
To determine the tax impact, we need to calculate the taxable income difference caused by the accounting change. Since the inventory increased by $1,000,000, this will result in a higher cost of goods sold (COGS) under the FIFO method compared to the weighted average cost method. The difference between the COGS calculated under the two methods will be considered a permanent change.
Using a 40% tax rate, the tax impact can be calculated by multiplying the difference in COGS by the tax rate. Let's assume that the difference in COGS is $500,000. In this case, the tax impact would be $500,000 * 40% = $200,000.
3. Report the cumulative effect:
The cumulative effect of the accounting change will be the change in the beginning inventory minus the tax impact. In this case, it will be $1,000,000 - $200,000 = $800,000.
ANSWER MORE THAN 100 WORDS
In conclusion, the cumulative effect of changing the accounting method for inventory from weighted average cost to FIFO method for Sandhill Company for the year ended December 31, 2021, is $800,000. This change caused the beginning inventory to increase by $1,000,000. However, considering the tax impact of the higher COGS under the FIFO method, the net effect on the company's financials is an increase of $800,000. This amount represents the additional inventory value that needs to be reported on the balance sheet as a result of the accounting change. It's important for the company to accurately report this change to comply with accounting regulations and provide transparency to stakeholders.
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the june bug has a $270,000 bond issue outstanding. these bonds have a 7.5 percent coupon, pay interest semiannually, and have a current market price equal to 98.6 percent of face value. the tax rate is 39 percent. what is the amount of the annual interest tax shield?
The question asks for the amount of the annual interest tax shield given certain information about the June Bug's bond issue, including the bond's coupon rate, market price, and tax rate.
To calculate the annual interest tax shield, we need to determine the tax savings resulting from the bond interest expense. Here's the step-by-step explanation:
1. Calculate the annual interest expense: Multiply the bond's face value by the coupon rate. In this case, the annual interest expense is $270,000 (face value) * 7.5% (coupon rate) = $20,250.
2. Calculate the tax shield: Multiply the annual interest expense by the tax rate. In this case, the tax shield is $20,250 (annual interest expense) * 39% (tax rate) = $7,897.50.
The annual interest tax shield for the June Bug's bond issue is $7,897.50. This represents the amount of tax savings resulting from deducting the bond interest expense from the company's taxable income. The tax shield is derived from the tax-deductible nature of interest expenses, which helps reduce the company's taxable income and, consequently, its tax liability. In this case, the June Bug is able to deduct $20,250 of interest expense from its taxable income, resulting in a tax savings of $7,897.50 (calculated based on a 39% tax rate). The interest tax shield is a financial benefit that reduces the after-tax cost of debt for companies issuing bonds.
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The assets of star company are and the total liabilities are_____.. the equity is ________.
The assets of Star Company are the resources it owns, such as cash, inventory, equipment, and investments. The total liabilities are the debts or obligations owed by the company, such as loans, accounts payable, and accrued expenses. The equity represents the residual interest in the assets after deducting liabilities.
To find the total liabilities, you would subtract the equity from the assets. For example, if the assets of Star Company are $500,000 and the equity is $200,000, the total liabilities would be $300,000 ($500,000 - $200,000).
Remember, the assets must always equal the sum of the liabilities and equity. This is known as the accounting equation: Assets = Liabilities + Equity.
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A publisher for a promising new novel figures fixed costs at $40,748 and variable costs at $2.35 for each book produced. If the book is sold to the distributors for $14 each, how many books must be produced and sold for the publisher to break even?
A publisher for a promising new novel figures fixed costs at $40,748 and variable costs at $2.35 for each book produced. If the book is sold to the distributors for $14 each.To break even, the publisher needs to produce and sell 5,033 books.
To calculate the break-even point, we need to consider both fixed costs and variable costs. Fixed costs refer to expenses that do not change regardless of the number of books produced, while variable costs are directly proportional to the number of books produced.
In this case, the fixed costs are given as $40,748. These costs include expenses such as editing, marketing, and administrative overhead, which do not vary based on the number of books produced.
The variable costs, on the other hand, are $2.35 for each book produced. This cost accounts for expenses like printing, binding, and packaging, which increase with each book.
To determine the break-even point, we need to find the number of books that will generate enough revenue to cover both the fixed and variable costs. The revenue per book is given as $14, which is the price at which the publisher sells the book to distributors.
Now, let's calculate the break-even point:
Break-even point = Fixed costs / (Revenue per book - Variable costs per book)
Break-even point = $40,748 / ($14 - $2.35)
Break-even point = 5,033 books
Therefore, the publisher needs to produce and sell approximately 5,033 books to break even.
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hich of the following statements is true of organizational commitment? group of answer choices relationships at work have little influence on organizational behavior. there is very little overlap with job satisfaction. those with high organizational commitment are absent less often than those who are not so committed. organizational commitment is a strong predictor of performance.
The statement "those with high organizational commitment are absent less often than those who are not so committed" is true of organizational commitment.
Organizational commitment refers to an individual's psychological attachment and loyalty to an organization. It reflects the extent to which employees identify with the goals and values of the organization and are willing to exert effort to contribute to its success. When individuals have a high level of commitment to an organization, they are more likely to feel a sense of responsibility and obligation towards their work. This leads to a greater dedication and engagement in their job, resulting in higher attendance and lower absenteeism rates. Committed employees tend to value their job and the organization, which reduces the likelihood of unscheduled absences.
On the other hand, individuals with low organizational commitment may feel disconnected or disengaged from their work, leading to higher rates of absenteeism.
While organizational commitment has been found to have a positive impact on various outcomes, including job satisfaction and performance, it is important to note that it is just one factor among many that influence organizational behavior. Relationships at work, job satisfaction, and other individual and contextual factors also play significant roles in shaping employee behavior and performance.
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Oriole Company is planning to sell 400000 hammers for $6 per unit. The contribution margin ratio is 20%. If Oriole will break even at this level of sales, what are the fixed costs
To find the fixed costs, we need to use the contribution margin ratio and the break-even point. First, let's calculate the break-even point in terms of sales revenue.
The break-even point is the level of sales at which the company neither makes a profit nor incurs a loss. Since the contribution margin ratio is 20%, it means that 20% of each unit sold contributes towards covering the fixed costs and generating profit. So, to break even, the contribution margin needs to cover the fixed costs. In other words, the contribution margin ratio multiplied by the sales revenue should equal the fixed costs.
The fixed costs for Oriole Company are $480,000. This is determined by using the break-even point formula, which involves multiplying the sales revenue by the contribution margin ratio. The break-even point is the level of sales at which the company neither makes a profit nor incurs a loss. In this case, the contribution margin ratio is given as 20% and the sales revenue is calculated by multiplying the number of units sold (400,000 hammers) by the selling price ($6 per unit).
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If Cassandra bought 12 blouses last year when her income was $46,000 and she buys 14 blouses this year when her income is $52,000, then her income elasticity of demand for blouses is approximately 0 -2.52 -0.80 +0.80. • 11.26 0 -1.26.
Income elasticity of demand is the relationship between the percentage change in the quantity of a good demanded and the percentage change in income.
The formula for income elasticity of demand is: Income Elasticity of Demand = % change in quantity demanded / % change in income Given that Cassandra bought 12 blouses last year when her income was $46,000 and she buys 14 blouses this year when her income is $52,000. So, the percentage change in the quantity of blouses demanded is:% change in quantity demanded = ((14 - 12) / 12) x 100 = 16.67%The percentage change in income is:% change in income = ((52,000 - 46,000) / 46,000) x 100 = 13.04% Income Elasticity of Demand = % change in quantity demanded / % change in income= 16.67 / 13.04= 1.28The income elasticity of demand for blouses is approximately 1.28. Hence, option +0.80 is the correct answer.
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bagrov corporation had a net decrease in cash of $10,500 for the current year. net cash used in investing activities was $52,500 and net cash used in financing activities was $38,500. what amount of cash was provided (used) in operating activities? multiple choice $101,500 provided. $80,500 provided. $(101,500) used. $(10,500) used. $(80,500) used.
The amount of cash that was provided (used) in operating activities is $(101,500) used. So, correct option is C.
To determine the amount of cash provided or used in operating activities, we need to apply the indirect method of preparing the cash flow statement.
The formula for calculating cash provided (used) in operating activities is:
Cash provided (used) in operating activities = Net increase (decrease) in cash - Net cash used in investing activities - Net cash used in financing activities.
Given the information provided:
Net decrease in cash = $10,500
Net cash used in investing activities = $52,500
Net cash used in financing activities = $38,500
Plugging these values into the formula, we get:
Cash provided (used) in operating activities = ($10,500) - ($52,500) - ($38,500) = ($101,500)
Therefore, the correct answer is $(101,500) used. This means that Bagrov Corporation used $101,500 of cash in its operating activities during the current year.
So, correct option is C.
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The price of a bond with an 6oupon rate paid semiannually, a par value of $1,000, and fifteen years to maturity is the present value of:________
The price of a bond with a coupon rate paid semiannually, a par value of $1,000, and fifteen years to maturity is the present value of the bond's future cash flows. To calculate this, we need to find the present value of the coupon payments and the present value of the par value at maturity.
Calculate the present value of the coupon payments: Since the coupon rate is paid semiannually, we need to divide it by 2 and adjust the number of periods accordingly. Let's assume the coupon rate is 6% and the market interest rate is 4%. The coupon payment per period is ($1,000 * 6%) / 2 = $30. The number of periods is 15 years * 2 = 30. Using the formula for present value of an annuity, we can calculate the present value of the coupon payments.
Calculate the present value of the par value at maturity: The par value is $1,000, which will be received at the end of the bond's maturity period. Using the formula for present value of a single amount, we can calculate the present value of the par value. By calculating the present value of each cash flow and summing them, we can determine the bond's price.
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Computer equipment was purchased from ibm 3 years ago at a cost of $540,000. annual depreciation is $130,900.
The computer equipment purchased from IBM 3 years ago had an initial cost of $540,000, and the annual depreciation for the equipment is $130,900. After 3 years, the computer equipment purchased from IBM would have a current value of $147,300.
Depreciation is a method used to allocate the cost of an asset over its useful life. In this case, the annual depreciation expense for the computer equipment is $130,900. This means that each year, $130,900 is subtracted from the initial cost of $540,000 to account for the gradual reduction in the equipment's value over time.
To determine the current value of the computer equipment, we need to subtract the accumulated depreciation over the 3-year period from the initial cost. The accumulated depreciation can be calculated by multiplying the annual depreciation expense by the number of years:
Accumulated Depreciation = Annual Depreciation * Number of Years
Accumulated Depreciation = $130,900 * 3 = $392,700
Current Value of the Computer Equipment = Initial Cost - Accumulated Depreciation
Current Value of the Computer Equipment = $540,000 - $392,700 = $147,300
Therefore, after 3 years, the computer equipment purchased from IBM would have a current value of $147,300.
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Granite Stone Creamery sold ice cream equipment for $15,200. Granite Stone originally purchased the equipment for $88,000, and depreciation through the date of sale totaled $70,000. What was the gain or loss on the sale of the equipment
The selling price ($15,200) is less than the net book value ($18,000), there is a loss on the sale of the equipment. The loss on the sale of the equipment amounts to $2,800.
To calculate the gain or loss on the sale of the equipment, we need to compare the selling price with the net book value of the equipment.
Net book value = Original cost - Accumulated depreciation
Original cost of the equipment = $88,000
Depreciation through the date of sale = $70,000
Net book value = $88,000 - $70,000 = $18,000
Now, let's calculate the gain or loss:
Gain/Loss = Selling price - Net book value
Selling price = $15,200
Net book value = $18,000
Gain/Loss = $15,200 - $18,000 = -$2,800
Since the selling price ($15,200) is less than the net book value ($18,000), there is a loss on the sale of the equipment. The loss on the sale of the equipment amounts to $2,800.
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when firms benefit from the results of research and development they didn't pay for, we say firms
When firms benefit from the results of research and development they didn't pay for, we say firms are free-riding or engaging in technology spillovers.
Firms are free-riding when they benefit from research and development results without incurring the associated costs. This can occur when they use knowledge or technology developed by others without contributing to its creation. Free-riding can be seen as an opportunistic behavior that allows firms to reap the benefits of innovation without bearing the expenses or risks involved.
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To increase production output during the Industrial Revolution, businesses primarily invested in Group of answer choices
During the Industrial Revolution, businesses primarily invested in several strategies to increase production output. These included investing in new machinery, such as steam-powered engines and textile machines, which greatly improved efficiency and speed of production.
Additionally, businesses invested in infrastructure development, such as building canals and railways, to transport goods more quickly and cost-effectively. They also expanded their workforce by hiring more workers, often from rural areas, to meet the growing demand for labor. Another important investment was in the development of new technologies and innovations, which allowed for the creation of new products and improved production methods. Overall, these investments in machinery, infrastructure, labor, and technology were key factors in increasing production output during the Industrial Revolution.
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Book Details
Full Title: Sultz & Young's Health Care USA: Understanding Its Organization and Delivery: Understanding Its Organization and Delivery
Edition: 9th edition
ISBN-13: 978-1284114706
Format: ebook
Publisher: Jones & Bartlett Learning (8/2/2017)
Copyright: 2018
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Weight: < 1 lb
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Rent Sultz & Young's Health Care USA: Understanding Its Organization and Delivery 9th edition (978-1284114706) today, or search our site for other textbooks by Kristina M. Young. Every textbook comes with a 21-day "Any Reason" guarantee. Published by Jones & Bartlett Learning. Health Care USA, Ninth Edition offers students of health administration, public health, medicine, and related fields a wide-ranging overview of America’s health care system. Combining historical perspective with analysis of current trends, this expanded edition charts the evolution of modern American health care, providing a complete examination of its organization and delivery while offering critical insight into the issues that the U.S. health system faces today.
The book "Sultz & Young's Health Care USA: Understanding Its Organization and Delivery" is a comprehensive guide to America's healthcare system. It provides a historical perspective and analyzes current trends, offering insight into the issues faced by the U.S.
healthcare system. The 9th edition, written by Kristina M. Young, was published by Jones & Bartlett Learning in 2017. It is available in ebook format and has a 21-day return policy for physical textbooks. The book covers various topics and is suitable for students of health administration, public health, medicine, and related fields.
"Sultz & Young's Health Care USA: Understanding Its Organization and Delivery" is a 9th edition textbook written by Kristina M. Young and published by Jones & Bartlett Learning in 2017. It offers a comprehensive overview of America's healthcare system, combining historical context with analysis of current trends. The book explores the organization and delivery of healthcare in the United States and addresses the challenges and issues faced by the system. It is intended for students studying health administration, public health, medicine, and related fields. The textbook is available in ebook format and has a 21-day return policy for physical copies.
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if the marginal utility slopes steeply downward for ice cream, what does that mean about the buyer's preference for ice cream? what if slope is close to flat?
1) If the marginal utility slopes steeply downward for ice cream, it means that the buyer's preference for ice cream is diminishing rapidly with each additional unit consumed. In other words, the buyer is experiencing a significant decrease in satisfaction or enjoyment with each additional serving of ice cream.
2) When the marginal utility slope is close to flat, it means that the buyer's preference for ice cream is diminishing at a much slower rate with each additional unit consumed. This suggests that the buyer is still gaining some satisfaction from each additional serving but at a diminishing rate.
To explain this concept, marginal utility refers to the additional utility or satisfaction that a consumer derives from consuming one more unit of a good or service. As the buyer consumes more units, the total utility may increase, but the additional utility gained from each additional unit consumed tends to decrease. This is known as the law of diminishing marginal utility.
In the given case, when the marginal utility slopes steeply downward, it indicates that the buyer's preference for ice cream is decreasing quickly, implying that they may reach a point where they no longer desire or enjoy consuming more ice cream.
On the other hand, when the slope is close to flat, it suggests that the buyer's preference is still positive, but the increase in satisfaction from consuming more ice cream is minimal.
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Carrie tends to purchase various brands of bath soap. She has never been loyal to a specific brand; instead, she does a lot of brand switching. Carrie exhibits ________.
Carrie exhibits brand switching behavior. Brand switching refers to the tendency of a consumer to change brands frequently instead of remaining loyal to a specific brand.
In Carrie's case, she purchases various brands of bath soap and has not shown any loyalty towards a particular brand. Brand switching can be influenced by several factors such as product quality, price, promotions, and personal preferences. Consumers who engage in brand switching may be motivated by the desire to try different products, find better value for money, or seek novelty.
This behavior highlights the importance of brand differentiation and customer satisfaction in the competitive marketplace. Brand switching can have implications for businesses as they need to understand consumer behavior and adapt their marketing strategies to retain customers and attract new ones.
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chuck sox makes wooden boxes in which to ship motorcycles. chuck and his three employees invest a total of hours per day making the boxes. part 2 a) their productivity =
a) Productivity is a measure of how efficiently resources are used to produce goods or services. In this case, it refers to how many boxes can be made in a given amount of time.
To calculate productivity, divide the total number of boxes produced by the total number of hours invested. This will give you the average number of boxes produced per hour. In equation form, productivity = total number of boxes / total number of hours.
Productivity is an important measure to assess the efficiency of a production process. In this case, it indicates how many boxes can be made within a given time frame. To calculate productivity, you need to determine the total number of boxes produced and the total number of hours invested.
The formula for productivity is to divide the total number of boxes by the total number of hours.
For example, if Chuck and his employees make 100 boxes in a day, and they work a total of 10 hours, then the productivity would be 100 boxes / 10 hours = 10 boxes per hour. This means that, on average, they are able to produce 10 boxes in an hour of work.
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