Answer:
b. average total costs decline as output increases.
Explanation:
Economies of scale refer to the cost advantage when it become reaped by the companies in the case when there is an efficient production
As the cost would be allocated to the larger number of goods. Here cost would be fixed as well as variables one. ALso, in this the size of the organization would matter a lot
So when the output would rise the average total cost would fall
Therefore the option b is correct
Wichita Industries' sales are 10% for cash and 90% on credit. Credit sales are collected as follows: 30% in the month of sale, 50% in the next month, and 20% in the second following month. Wichita Industries' had $12,000 from November sales and $42,000 from December sales. Assume that total sales for January and February are budgeted to be $50,000 and $100,000, respectively. What are the expected cash receipts for February from current and past sales
Answer:
$67,060
Explanation:
February collection :
February Sales = $100,000 x 10 % + $100,000 x 90 % x 30 % = $37,000
January Sales = $50,000 x 90 % x 50 % = $22,500
December Sales = $42,000 x 90 % x 20 % = $7,560
Total = = $67,060
therefore,
the expected cash receipts for February from current and past sales is $67,060
The returns from an investment are 3% in Year 1, 7% in Year 2, and 19.8% in the first half of Year 3. Calculate the annualized return for the entire period. (Round your intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.)
Answer:
i hhhhhhh 136t8
Explanation:
dont kno
Cromwell manufactures specialty electronic circuitry through a unique photo-electronic process. One of the primary products, Model GT40, has a standard labor time of 0.5 hour and a standard labor rate of $7.00 per hour. During March, the following activities pertaining to direct labor for GT40 were recorded: Direct labor hours used 2,000 Direct labor cost $12,000 Units of GT40 manufactured 3,000 The Labor rate variance and Labor efficiency variance are: Select one:
Answer:
the labor rate variance and labor efficiency variance is $2,000 favorable and $3,500 unfavorable
Explanation:
The computation of the labor rate variance and labor efficiency variance is given below;
For Labor rate variance
= $12,000 - (2000 × 7)
= $2000 F
And, the Labor efficiency variance is
= 7 × (2000 - 3000 × 0.5)
= $3500 U
Hence, the labor rate variance and labor efficiency variance is $2,000 favorable and $3,500 unfavorable
The only aim of a firm's marketing objectives revolves around buying the right media at the right price. B. They are usually defined in terms of specific outcomes such as sales volume, market share, profits, or return on investment. C. They are stated only in a company's strategic action plan. D. They are statements of what various aspects of the IMC pro
Answer: B. They are usually defined in terms of specific outcomes such as sales volume, market share, profits, or return on investment.
Explanation:
Question asks which options is true about marketing objectives.
Marketing objectives are defined in such a way that the company is able to see what it is they hope to accomplish and whether the marketing campaign will be yield a positive return on the investment put in.
They would therefore like to see if the advertisements created higher sales volume, gave them a larger market share and/or gave them more profit. These will be the objectives of the marketing campaign and will help support the decision to engage more or less in marketing.
Fred has been assigned to conduct a SWOT analysis for his organization, Acme, Inc. As part of this assignment, Fred will: a. conduct an external wage survey. b. choose a grand strategy for his firm. c. search for the strengths, weaknesses, opportunities, and threats that impact his firm. d. develop a mission. e. do a cost/benefit analysis.
Answer:
c. search for the strengths, weaknesses, opportunities, and threats that impact his firm.
Explanation:
Environmental scanning is a management strategy that focuses on systematically acquiring informations about occasions, trends, events or patterns through surveys and analysis of these information in an organisation's external and internal environment. The informations acquired through environmental scanning is then used by the executive management in strategically planning the organisation's future and exploitation of available opportunities for the success of the organization.
The internal environmental scanning offers an organization strength and weakness while the external environmental scanning provides information about opportunities and threats.
Generally, the external environmental scanning gives an overview of the opportunities in the market as well as potential threats to an organization.
In this scenario, Fred has been assigned to conduct a SWOT analysis for his organization, Acme, Inc. As part of this assignment, Fred will search for the strengths, weaknesses, opportunities, and threats that impact his firm.
Additionally, SWOT analysis is a strategic technique which is used by various companies or business firms to plan through the identification of its strength, weakness, opportunities and threats in relation to its business.
4. What would you do with a customer who has been loyal in the past but now has new
needs?
Answer:
But now you've got those customers, how do you keep them? ... If the customer has been loyal to the business for some time, he or she will require less help
Explanation:
Net Income $1,200 ($500) $2,300 Net Cash Flows $500 $300 $2,800 Dividends $200 $0 $200 Issuance of Stock $2,000 $0 $0 The above amounts represent totals from the first three years of operations. Calculate the balance of Retained Earnings at the end of 2018.
Answer:
$2,600
Explanation:
The computation of the balance of Retained Earnings at the end of 2018 is shown below;
= net income - dividend
= $1,200 - $500 + $2,300 - $200 - $0 - $200
= $2,600
We simply deduct the dividend amount from the net income so that the balance of the retained earning could come
g reported pretax accounting income of $860 million for the current year. Depreciation reported in the tax return in excess of depreciation in the income statement was $1,140 million. The excess tax will reverse itself evenly over the next three years. The current year's tax rate of 25% will be reduced under the current law to 30% next year and 35% for all subsequent years. At the end of the current year, the deferred tax liability related to the excess depreciation will be:
Answer: $380 million
Explanation:
To solve the question, first we have to calculate the depreciation that'll be reported for each year and this will be:
= $1140 million/3 years
= $380 million
Then, the deferred tax liability related to the excess depreciation will be:
= ($380 million × 30%) + ($380 million ×
35%) + ($380 million × 35%)
= $114m + $133m + $133m
= $380 million
Hearn Enterprises orally agreed to buy 100 turbines from Midwest Turbine, Inc. at a cost of $1,000 each (for a total contract price, therefore, of $100,000. Midwest sent 40 turbines and Hearn accepted the shipment, sending payment for $40,000. However, Hearn had its major client cancel a job, so they no longer needed the turbines. Hearn attempted to rescind, reasoning that because there was no writing and the contract fell within the Statute of Frauds they were not bound. A court would probably conclude: Group of answer choices
Answer: a. There was not an enforceable agreement. However under the UCC, part performance makes that portion of the agreement binding on Hearn. Hearn may not return the 40 turbines, but is not obligated to purchased the remaining 60.
Explanation:
The Statute of Frauds under the Uniform Commercial Code requires that for a contract with a value higher than $500 for goods to be enforceable, it needs to be in writing. This contract is therefore not enforceable.
However, there is an exception to this rule for performance or partial performance. If the parties have already partially completed the contract for instance, the completed portion is enforceable. The remaining portion however, is not, and therefore can be renegaded upon.
When banks are very cautious about lending money and therefore hold excess reserves, then: Question 29 options: it hinders contractionary monetary policy. expansionary monetary policy remains unaffected. contractionary monetary policy remains unaffected. it hinders expansionary monetary policy.
Answer:
The correct answer is the third option: Contractionary monetary policy remains unaffected.
Explanation:
To begin with, in the field of macroeconomics the "monetary policy" refers to the decisions that proper authority takes in order to adjust the amount of money that is in circulation. Therefore that it exists two types of monetary policy, the contractionary and the expansionary one. The first policy focus on the fact of reducing the amount of money that is already in circulation for the people and that is why that if the banks decide not to lend money then the contractionary policy will not be affected due to the fact that the action taken by the bank is what the authoraty wants.
Which one of the following statements about forecasting is TRUE? Forecast is generally more accurate at the individual level than at the aggregate level. The longer the forecasting horizon, the higher the forecast accuracy level The five basic patterns of demand are the horizontal, trend, seasonal, cyclical, and the subjective judgment of forecasters None of these answers is correct. Judgment methods are designed particularly for situations in which historical data are lacking.
Answer:
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not helping anymorre
Explanation:
The true options about forecasts is that Judgment methods are designed particularly for situations in which historical data are lacking.
What is forecasting?This is the ability to make predictions about a phenomenon. The ability to make forecasts is usually due to the fact that a research analysis has been done.
The established findings are what provides the pointers that are used for forecasting.
Read more on forecasts here:
https://brainly.com/question/11857753
Which scenario would best be resolved using precedent cell tracers?
A. Leon opens an Excel spreadsheet and notices that someone types the wrong formula in cell D12.
B. Leon needs to know which other cells use the contents in D12.
C. Leon opens an Excel spreadsheet and notices a formula in cell D12. He wants to know which other cells in different workbooks use that formula. Leon opens an Excel spreadsheet and notices an error in the formula. The formula is very complex, and Leon cannot find the cells that are identifiers in the formula.
D. Leon opens an Excel spreadsheet and sees a Pivot Table. He notices an error in the formula in one of the cells. The formula is very complex, and Leon cannot find the cells that are identifiers in the formula.
Assume that the reserve requirement is 10 percent. Also assume that banks do not hold excess reserves and there is no cash held by the public. The Federal Reserve decides that it wants to expand the money supply by $50 million using open-market operations. In order to accomplish its goal, the Fed needs to $____________ million worth of bonds.
Answer:
$5 million
Explanation:
Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank
Required reserves = reserve requirement x deposits
Increase in the total value of checkable deposit is determined by the money multiplier
Money multiplier = amount deposited / reserve requirement
0.1 x 50 million = 5 million
Given the following cash flows for a capital project for the Witter Corp., calculate its payback period and discounted payback period. The required rate of return is 8 percent. Cashflows: Year 0 = -50,000; Year 1 = 15,000; Year 2 = 15,000; Year 3 = 20,000; Year 4 = 10,000; and Year 5 = 5,000. The discounted payback period is
Answer:
4.01 years
Explanation:
The computation of the discounted payback period is shown below;
Given that
Required rate of return is 8%
Cashflows: Year 0 = -50,000;
Year 1 = 15,000;
Year 2 = 15,000;
Year 3 = 20,000;
Year 4 = 10,000;
and Year 5 = 5,000
As we can see from the attached table that approx in 4 years it could cover $49,975
So
the discounted payback period is
= 4 years + ($50,000 - $49,975.91) ÷ $3,402.92
= 4.01 years
4. Which of the following statements about the relationship between interest rates and bond prices is true?
I. There is an inverse relationship between bond prices and interest rates
II. There is a direct relationship between bond prices and interest rates
III. The price of short-term bonds fluctuates more than the price of long-term bonds for a given change in interest rates. (Assuming that coupon rate is the same for both)
IV. The price of long-term bonds fluctuates more than the price of short-term bonds for a given change in interest rates. (Assuming that the coupon rate is the same for both)
Answer:
1 is correct .
Explanation:
when the cost of borrowing money rises bond price usually fall and vice versa.
After reading the new account insert in his monthly statement, Tony Mercadante determined that the FDIC considers a joint account as a separate depositor. He and his wife Cynthia have three accounts at ABC Bank & Trust, one joint account with a balance of $54 comma 158 and two individual accountsminus his has a $140 comma 022 balance and hers has a $253 comma 255 balance. What amount of FDIC coverage do Tony and Cynthia have on their accounts?
Answer:
Tony $140,022 account balance fully covered
Cynthia account balance exceeded the insurance limit by $3,255
Explanation:
Based on the information given Tony account balance of the amount of $140,022 is fully covered since it is their joint account of the amount of $54,158 which means that the amount of FDIC coverage which full meaning FEDERAL DEPOSIT INSURANCE CORPORATION that Tony have on their account balance will be the amount of $140,022 since the joint accounts are under the $250,000 FEDERAL DEPOSIT INSURANCE CORPORATION (FDCI) limit while Cynthia account balance on the other hand exceeded insurance limit by the amount of $3,255 calculated as ($253,255-$250,000) which means that their money would be covered only when Cynthia transfer some of the money into their joint account.
A company acquired some land (independently appraised at $13,300) and paid for it by issuing 1,130 shares of its common stock (par $10 per share; no market price was quoted). How should this be reported on the statement of cash flows
Answer:
reported as a significant noncash investing and financing activities
Explanation:
Since the company purchased some land for $13,300and for the same it is paid 1130 shares for $10 per share
Now as we know that in the cash flow statement only cash transactions are involved but here no cash transaction is arised
So, it would be reported as a significant noncash investing and financing activities
On May 7, Jernigan Company purchased on account 510 units of raw materials at $18 per unit. During May, raw materials were requisitioned for production as follows: 153 units for Job 200 at $15 per unit and 158 units for Job 305 at $18 per unit.
Required:
Journalize the entry on May 7 to record the purchase.
Answer and Explanation:
The journal entry to record the purchase is shown below;
Materials (510 units × $18) $9,180
To Accounts payable $9,180
(To record the purchases)
Here the material is debited as it increased the assets and credited the account payable as it also increased the liabilities
Therefore the above journal entry should be passed
A cost-of-living adjustment clause: a. is required in all government employee contracts. b. forces an employer to increase wages at the same rate of inflation. c. is not allowed for private employees. d. states that no raise can be less than the rate of inflation. e. forces an employer to increase wages at a rate higher than inflation.
Answer:
b. forces an employer to increase wages at the same rate of inflation
Explanation:
In the case when the employer wants to rise the wages but it would be increased at the similar inflation rate so this represent the clause of the living cost adjustment also the living cost adjustment would remain the same
Therefore according to the given situation, the option b is correct
And, the rest of the solutions are wrong
Ballard Company incurred a total cost of $8,600 to produce 400 units of pulp. Each unit of pulp required five (5) direct labor hours to complete. What is the total fixed cost if the variable cost was $1.50 per direct labor hour
Answer:
$5,600
Explanation:
Total Cost = Fixed Cost + Variable Cost
therefore
Fixed Cost = Total Cost - Variable Cost
= $8,600 - (400 x 5 x $1.50)
= $5,600
thus
the total fixed cost if the variable cost was $1.50 per direct labor hour is $5,600
Direct Materials Variances Bellingham Company produces a product that requires nine standard pounds per unit. The standard price is $8.5 per pound. If 2,100 units used 18,100 pounds, which were purchased at $8.93 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance
Answer:
The correct answer is:
(a) -7783
(b) 6800
(c) -983
Explanation:
According to the given values in the question:
(a)
The price variance will be:
= [tex](8.5-8.93)\times 18100[/tex]
= [tex]-0.43\times 18100[/tex]
= [tex]-7783[/tex] (Favorable)
(b)
The quantity variance will be:
= [tex](2100\times 9-18100)\times 8.5[/tex]
= [tex](18900-18100)\times 8.5[/tex]
= [tex]800\times 8.5[/tex]
= [tex]6800[/tex] (Unfavorable)
(c)
The cost variance will be:
= [tex](2100\times 9\times 8.5)-(18100\times 8.93)[/tex]
= [tex](160650)-(161633)[/tex]
= [tex]-983[/tex] (Favorable)
Hilary had an outside basis in LTL General Partnership of $18,000 at the beginning of the year. LTL reported the following items on Hilary's K-1 for the year: ordinary business income of $13,000, a $18,000 reduction in Hilary's share of partnership debt, a cash distribution of $28,000, and tax-exempt income of $11,000. What is Hilary's adjusted basis at the end of the year
Answer:
$4,000 of capital gain leaving her with a $0 basis in her partnership interest.
Explanation:
Calculation to determine What is Hilary's adjusted basis at the end of the year
Ending adjusted basis =($18,000 + $13,000 + $11,000 - $18,000 - $28,000 = $(4,000) + $4,000 = 0).
Based on the above calculation Hilary's adjusted basis at the end of the year will be the amount of $4,000 of CAPITAL GAIN leaving her with a $0 BASIS in her partnership interest.
The financial statements of the Blue Spruce Corp. report net sales of $384000 and accounts receivable of $56400 and $36000 at the beginning of the year and the end of the year, respectively. What is the average collection period for accounts receivable in days
Answer:
44 days
Explanation:
First, we have to calculate accounts receivable turnover Blue Spruce Inc.
= $384,000 / [($56,400 + $36,000) / 2 ]
= $384,000 / $46,200
= 8.31 times
Then, to calculate the average collection period for accounts receivable, it will be :
= 365 days / 8.31
= 43.92
= 44 days aprox.
Which statement is true? Portfolio A dominates portfolio B if: Portfolio A has a higher return that portfolio B Portfolio A has a lower volatility than portfolio B Portfolio A has a higher Sharpe ratio than portfolio B Portfolio A has either a higher expected return and a volatility at least as low as B, or a lower volatility and an expected return at least as high as B
Answer:
The answer is "The last choice"
Explanation:
While comparing 2 assets or portfolio management, the risk of each portfolio and the rates of return of each portfolio should be taken into consideration. Whether the same danger is in the two assets. One should be preferred with both the higher return and one from the lowest risk should be recommended unless the two have the same rate of return. Portfolio A consequently either has a higher return and an at least as low fluctuation as B, or even lower volatility as well as an anticipated return at least as strong as B.
one word for they have a higher than normal price to create an image of exclusivity
Answer:
Everything which is exclusive is always expensive the higher price but quality work to create an image can give you a better result you should not compromise with the quality of the image to fit it in your budget a good image can give you a better reputation in the market the experience ones should be chosen in this manner always
Explanation:
Assume Aircastle reported $20 million in goodwill on its acquisition of Broadvision. Assume the fair value of the earnout in agreement 1. declines by $0.5 million during the first year following the acquisition. Prepare the journal entry made by Aircastle to record the value change, assuming
Answer:
Journal Entry
Dr. Contingent Consideration Liability $500,000
Cr. Goodwill $500,000
Explanation:
It is assumed that the decline in the fair value is the correction of the acquisition entry. It means due to this event the consideration liability and goodwill are overstated we need to rectify the balances.
Hence,
The contingent consideration liability will be debited to reduce the liability and goodwill will also be decreased by crediting the goodwill account.
Innovation is the creation of something new that makes money. In order to be profitable, innovations must be both novel and useful.
a. True
b. False
Answer:
a. True
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.
According to the economist Philip Kotler in his book titled "Marketing management" he stated that, there are five (5) levels of a product. This includes;
1. Core benefit.
2. Generic product.
3. Expected product.
4. Augmented product.
5. Potential product.
The core benefit of a product can be defined as the basic (fundamental) wants or needs that is being satisfied, met and taken care of when a customer purchase a product.
Hence, the term that refers to the first level of a product, which depends on the customer value it generates is generally referred to as a core benefit. For example, a hotel provides a comfortable and convenient bed to spend the night (sleep) when you travel for a vacation.
Innovation typically involves the creation of a new product of any category such as automobile, building, phones, electronics, etc., that generates money for the innovators or manufacturers through purchase made by the end users (consumers).
In order for the innovator to make profits, it is expected or required that his or her innovation is both novel and useful.
Rodrigo was eager to make a presentation on the benefits of improvisation in the workplace. When he arrived in the conference room, he realized that seven bankers would attend the presentation via computer conferencing from offices in other states. This presentation provides an example of __________. synchronous communication in-person communication co-located communication asynchronous communication
Answer:
synchronous communication
Explanation:
The above question refers to an example of synchronous communication, which occurs when there is communication between two or more people in real time, not requiring physical presence, but which can occur virtually, such as through videoconferences and phone calls.
In the above situation, Rodrigo would make a presentation at work that would be attended in real time by seven bankers, through a computer conference of offices in other states, in real time, so it is correct to say that this example refers to synchronous communication.
In the work environment, synchronous communication in a virtual way is very beneficial because it allows the integration between work teams, customers and branches of the company, without the need for physical presence, which increases the speed of organizational processes and decisions, reduces the costs and enables greater organizational coordination.
$85,000 and Rocko can also receive $38,000 for trading in the old machine. The new machine will reduce variable manufacturing costs by $14,000 per year over its five-year life. Should the machine be replaced
Answer: Yes, because income will increase by $23,000.
Explanation:
Since the new machine will reduce variable manufacturing costs by $14,000 per year over its five-year life, the savings for the five years will be:
= $14000 × 5
= $70000
The extra cost needed will be:
= $85000 - $38000
= $47000
Based on the above calculation, the net gain will be:
= $70000 - $47000
= $23000.
Therefore, the machine should be replaced because income will increase by $23,000.
Consider the following information: Actual direct labor hours 34,500 Standard direct labor hours 35,000 Total actual direct labor cost $241,500 Direct-labor efficiency variance $3,200F The direct-labor rate variance is:
Answer:
Direct labor rate variance= $20,700 unfavorable
Explanation:
Giving the following information:
Actual direct labor hours 34,500
Standard direct labor hours 35,000
Total actual direct labor cost $241,500
Direct-labor efficiency variance $3,200F
First, we need to calculate the standard hourly rate:
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
3,200= (35,000 - 34,500)standard rate
3,200 = 500standard rate
$6.4 = standard rate
To calculate the direct labor rate variance, we need to use the following formula:
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Direct labor rate variance= (6.4 - 7)*34,500
Direct labor rate variance= $20,700 unfavorable
Actual rate= 241,500 / 34,500= $7