Moore's law states that every 18 months, the computing speed of a microchip doubles.
a. What effect does this likely have on the economy?
1. The price level falls and output rises.
2. The price level falls and output falls.
3. The price level rises and output rises.
4. The price level rises and output falls.
b. Demonstrate your answer graphically using the AS/AD model. Use the tool provided 'SAS/' to draw the new short-run aggregate supply curve.
Answers
Answer: The price level falls and output rises.
Explanation:
According to Moore's law, it is stated that the computing speed of a microchip doubles every 18 months. According to Moore, this will increase thespeed and capability of computers and also bring about lesser pay for the computers.
The effect of this on the economy is that it will lead to a fall in price level and increase in output as there will be faster and cheaper production. This can be shown in the diagram attached.
A fall in the price levels the output rises. Thus the option A is correct.
What is the Moore's law. ?The law is an observation of the number of transistors into a densely integrated circuit. The law is an observation and a projection of the historical trends. Rather than a law of physics, it has an empirical relation.
The law the computing speed of the microchips doubles every eighteen months. As per Moore, this will increase the speed and the computability. of the computer. Thus paying lesser for the computer.
The impact is it will have on the economy is that it create a fall in price level and an increase in the output as there will be faster and cheaper production.
Find out more information about the Moore's law states.
brainly.com/question/14947354.
Related Questions
Flaherty is considering an investment that, if paid for immediately, is expected to return $146,000 five years from now. If Flaherty demands a 15% return, how much is she willing to pay for this investment? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round PV factor to 4 decimals.)
Answers
Answer:
PV= $72,587.80
Explanation:
Giving the following information:
Flaherty is considering an investment that, if paid for immediately, is expected to return $146,000 five years from now.
To calculate the present worth, we need to use the following formula:
PV= FV/(1+i)^n
FV= $146,000
Interest rate= 15% = 0.15
Number of periods= 5
PV= 146,000 / (1.015^5)
PV= $72,587.80
Phillips Rock and Mud is trying to determine the maximum amount of cash dividends it can pay this year. Assume its balance sheet is as follows:
Assets Cash $ 406,000
Accounts receivable 832,000
Fixed assets 1,014,000
Total assets $ 2,252,000
Liabilities and Stockholders' Equity
Accounts payable $ 473,000
Long term payable 368,000
Common stock (300,000 shares at $2 par) 600,000
Retained earnings 811,000
Total liabilities and stockholders' equity $ 2,252,000
a-1. From a legal perspective, what is the maximum amount of dividends per share the firm could pay? (Do not round intermediate calculations and round your answer to 2 decimal places.)
a-2. Is this realistic?
A. Yes
B. No
b. In terms of cash availability, what is the maximum amount of dividends per share the firm could pay? (Do not round intermediate calculations and round your answer to 2 decimal places.)
c. Assume the firm earned an 20 percent return on stockholders’ equity last year. If the board wishes to pay out 40 percent of earnings in the form of dividends, how much will dividends per share be? (Do not round intermediate calculations and round your answer to 2 decimal places.)
Answers
Answer:
a-1. From a legal perspective, what is the maximum amount of dividends per share the firm could pay?
Dividends can only be paid from retained earnings because a corporation can distribute dividends only if it has made a profit.
Maximum amount of dividends per share = $811,000 / 300,000 common shares = $2.7033 per share
a-2. Is this realistic?
B. No
No corporation has a 100% dividend payout rate because it uses retained earnings to finance existing or new projects.
b. In terms of cash availability, what is the maximum amount of dividends per share the firm could pay?
$1.35 per share because the firm has $406,000 in cash and it has 300,000 outstanding shares.
c. Assume the firm earned an 20 percent return on stockholders’ equity last year. If the board wishes to pay out 40 percent of earnings in the form of dividends, how much will dividends per share be?
ROE = net income / stockholders' equity
20% = net income / $1,411,000
net income = $1,411,000 x 20% = $282,200
dividends = $282,200 x 40% = $112,880
dividends per share = $112,880 / 300,000 = $0.38 per share
"What marketing metric determines whether a TV program such as The Big Bang Theory remains on the CBS broadcast TV network
Answers
Answer:
It's the rating
Explanation:
The higher the rating the more the network will put it on TV
Pureform, Inc., uses the weighted-average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow:
Units Materials Labor Overhead
Work in process inventory, beginning 59,000 $ 61,600 $ 15,700 $ 29,100
Units started in process 559,000
Units transferred out 580,000
Work in process inventory, ending 38,000
Cost added during the month $ 815,215 $ 193,285 $ 359,015
The beginning work in process inventory was 85% complete with respect to materials and 70% complete with respect to labor and overhead. The ending work in process inventory was 65% complete with respect to materials and 45% complete with respect to labor and overhead.
Required:
1. Compute the first department's equivalent units of production for materials, labor, and overhead for the month.
2. Determine the first department's cost per equivalent unit for materials, labor, and overhead for the month. (Round your answers to 2 decimal places.)
Materials Labor Overhead
1. Equivalent units of production
2. Cost per equivalent unit
Answers
Answer and Explanation:
1. The computation of the first department's equivalent units of production for materials, labor, and overhead for the month is shown below with the help of below formulas
Material equivalent units of production
= Units completed and transferred out + Ending work in process in units
Labor equivalent units of production
= Units completed and transferred out + Ending work in process in units
Equivalent units of production
= Units completed and transferred out + Ending work in process in units
2. The computation of the second part is done by using the spreadsheet. Kindly find it below
Structuring a Special-Order Problem Harrison Ford Company has been approached by a new customer with an offer to purchase 10,000 units of its model IJ5 at a price of $5 each. The new customer is geographically separated from the company's other customers, and existing sales would not be affected. Harrison normally produces 75,000 units of IJ5 per year but only plans to produce and sell 60,000 in the coming year. The normal sales price is $12 per unit. Unit cost information for the normal level of activity is as follows: Direct materials $1.75 Direct labor 2.50 Variable overhead 1.50 Fixed overhead 3.25 Total $9.00 Fixed overhead will not be affected by whether or not the special order is accepted.
Direct Materials $1.75
Direct Labor 2.50
Variable Overhead 1.50
Fixed Overhead 3.25
Total $9.00
Requried:
a. What are the relevant costs and benefits of the two alternatives (accept or reject the special order)?
b. By how much will operating income increase or decrease if the order is accepted?
Answers
Answer:
Effect on income= $7,500 increase
Explanation:
Giving the following information:
Special offer:
Units= 10,000
Price= $5
Production costs:
Direct Materials $1.75
Direct Labor 2.50
Variable Overhead 1.50
Because it is a special offer and there is unused capacity, we will not take into account the fixed costs.
Effect on income= number of units*unitary contribution margin
Effect on income= 10,000*(5 - 1.75 - 2.5 - 1.5)
Effect on income= $7,500 increase
Rose Project is a nongovernmental not-for-profit entity established to help runaway children. Every year, Rose holds a charity benefit at which participants are asked to make pledges. This year, Rose received the following pledges: Unrestricted $500,000 Restricted for counseling programs 200,000 The pledges are legally binding and are expected to be received within the next 12 months. Rose estimates that 5% of the pledges will be uncollectible. At what amount should the pledges be reported on Rose’s balance sheet as pledges receivable?
A. $665,000
B. $475,000
C. $190,000
D. $700,000
Answers
Answer:
A. $665,000
Explanation:
Rose received the following
Unrestricted $500,000
Restricted for counseling programs $200,000
Hence, Total Outstanding Pledge = $500,000 + $200,000 = $700,000
The Amount of Provision to be reported = $700,000 x 5% = $35,000
Amount should the pledges be reported on Rose’s balance sheet as pledges receivable will be $700,000 - $35,000
= $665,000
If the ending inventory of a firm is overstated by $50,000, by how much and in what direction (overstated or understated) will the firm's operating income be misstated? (Hint: Use the cost of goods sold model, enter hypothetically "correct" data, and then reflect the effects of the ending inventory error and determine the effect on cost of goods sold.)
Answers
Answer:
50,000 overstated.
Explanation:
As the ending inventory is overstated by 50,000 we can conclude the implications using the inventory identity:
Beginning + Purchase = COGS + Ending
As the left side will be the correct display they will have no error.
Therefore the COGS will compensate the mistake in the ending ivnentory
0 = COGS + 50,000
COGS = -50,000
The COGS are 50,000 lower than it should be therefore the gross profit is overstated as
Sales - COGS = Gross Profit
0 - (-50,000) = Gross Profit
+ 50,000 = Gross Profit
This also makes the operating income which, derives from gross profit to be overstated as well.
Xion Co. budgets a selling price of $81 per unit, variable costs of $35 per unit, and total fixed costs of $281,000. During June, the company produced and sold 11,900 units and incurred actual variable costs of $362,000 and actual fixed costs of $296,000. Actual sales for June were $995,000. Prepare a flexible budget report showing variances between budgeted and actual results.
Answers
Answer:
Total Variance 70,600 fav.
Explanation:
Xion Co.
Budget Analysis
Acutal Budgeted Variances
No of Units 11900 11900
Sales Price Per unit $ 83.61 $ 81
Sales Price $ 995,000 963,900 31,100 fav
Variable Cost Per unit 30.42 $ 35
Variable Costs $ 362,000 416500 54,500 fav
Contribution Margin $ 633,000 547,400 85,600 fav
Fixed Costs 296,000 $281,000 15,000 unfav
Gross Profit 337,000 266400 70,600 fav
We multiply the individual budgeted costs to the number of units to find the total budgeted costs. When the actual Revenues are greater than the budgeted revenues they are favorable. Similarly when the budgeted costs are greater than the actual costs they are also favorable.
On December 2, Coley Corp. reacquired 1,000 shares of its $2 par value common stock for $27 each. On December 20, Coley Corp. reissued 400 shares for $15 each. Which of the following is correct regarding the journal entry for the reissued shares?
a. Debit Cash $15,000.
b. Credit Treasury Stock $10,800.
c. Credit Paid in Capital - Treasury Stock $5,200.
d. Credit Treasury Stock $6,000.
Answers
Answer:
b. Credit Treasury Stock $10,800.
Explanation:
The Journal entry is shown below:-
Cash Dr, $6,000 (400 × $15)
Retained Earnings Dr, $4,800
To Treasury Stock $10,800 (400 × 27)
(Being reissued shares is recorded)
Here we debited the cash and retained earnings as it increased the cash and reduced the retained earning balance and we credited the treasury stock as it reduced the balance of treasury stock
After deciding to acquire a new car, you can either lease the car or purchase it with a three-year loan. The car you want costs $38,000. The dealer has a leasing arrangement where you pay $105 today and $505 per month for the next three years. If you purchase the car, you will pay it off in monthly payments over the next three years at an APR of 6 percent. You believe that you will be able to sell the car for $26,000 in three years. a. What is the present value of leasing the car
Answers
Answer:
The present value of leasing the car is $16,704.86 and the break even sale price is $25483.48.
Explanation:
Solution
Given that
The monthly rate =0.06/12 =(6%/12)
the number of period = 3 * 12 =23
Now
The present value of leasing the car is computed below:
Payment day =$105
add: Present value of future monthly payment = 505 * (1-(1+(0.06/12))^-36/(0.06/12)
= 166,599,86
Present value of the car =$105 +$166,599,86
=$16,704.86
Thus
The present value of purchasing the car:
Purchase cost = $38,000
Less: present value of resale = 26000/(1+(0.06/12))^-36
=21,726.77
Present value of purchasing the car is $38,000 + $21,726.77
=$16,273.23
Now
The break even sale price
Let the resale price be x
38000 -(x/((1+(0.06/12))^-36 =16704.86
(x/((1+(0.06/12))^-36 = 38000 - 16704.86
(x/((1+(0.06/12))^-36 = 21295.14
x = ((1+(0.06/12))^-36 * 212954.14
x = 25483.48
Therefore the present value of leasing the car is $16,704.86 and the break even sale price is $25483.48
The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents $ 9,019 Accounts receivable $ 73,422 Merchandise inventories $ 63,362 Prepaid expenses $ 4,700 Accounts payable $ 15,550 Notes payable $ 89,638 Other current liabilities $ 10,100 If net credit sales for the current year were $608,500, the firm's days' sales uncollected for the year is: (Use 365 days a year.)
Answers
Answer:
The firm's days' sales uncollected for the year is 44 days.
Explanation:
Days’ Sales Uncollected is a liquidity ratio that is used to measure the number of days it takes a company to collect cash from its customers. It is the number of days before the receivable or credit balances from customers will be collected. It is also known as average collection period or days sales outstanding.
The formula for calculating the Days’ Sales Uncollected is given as follows:
Days’ Sales Uncollected = (Account receivable / Net credit sales) * 365 days
Substituting the relevant values from the question into the formula above, we have:
Days’ Sales Uncollected = ($73,422 / $608,500) * 365 =
Days’ Sales Uncollected = 0.120660640920296 * 365 days
Days’ Sales Uncollected = 44 days approximately.
Therefore, the firm's days' sales uncollected for the year is 44 days. That is, it takes the firm approximately 44 days to collect cash from his customers on average.
On January 1, 2018, Brussels Enterprises issues bonds at par dated January 1, 2018, that have a $3,400,000 par value, mature in 4 years, and pay 9% interest semiannually on June 30 and December 31.
Required:
a. Record the entry for the issuance of bonds for cash on January 1, 2018.
b. Record the entry for the first semiannual interest payment on June 30, 2018.
c. Record the entry for the second semiannual interest payment on December 31, 2018.
d. Record the entry for the maturity of the bonds on December 31, 2021 (assume semiannual interest is already recorded).
Answers
Answer:
a. Record the entry for the issuance of bonds for cash on January 1, 2018.
January 1, 2018, bonds are issued
Dr Cash 3,400,000
Cr Bonds payable 3,400,000
b. Record the entry for the first semiannual interest payment on June 30, 2018.
June 30, 2018, first coupon payment
Dr Interest expense 153,000
Cr Cash 153,000
c. Record the entry for the second semiannual interest payment on December 31, 2018.
December 31, 2018, second coupon payment
Dr Interest expense 153,000
Cr Cash 153,000
d. Record the entry for the maturity of the bonds on December 31, 2021 (assume semiannual interest is already recorded).
December 31, 2021, payment of bonds payable
Dr Bonds payable 3,400,000
Cr Cash 3,400,000
When CNS decided to enter the global market for its Breathe Right strips, there were many contributing factors for doing so. However, according to Kevin McKenna, vice president for international at CNS, the real key to successfully enter a specific global market is
Answers
Answer:
Having a local partner that is entrepreneurial with an ability to distribute and sell
Explanation:
according to Kevin McKenna, vice president for international at CNS, the real key to successfully enter a specific global market is Having a local partner that is entrepreneurial with an ability to distribute and sell.
A seller lists property with a multimillion-dollar broker. The broker's agreement calls for him to enter the listing into the MLS within three working days. On the second day, the broker shows the property to a prospective buyer, who loves it. The buyer is leaving town the next day but will be back in one week to purchase it if it is still on the market. The broker wants to double his commission by selling his own listing, so he withholds the information from the MLS for 10 days. Based on this information, the broker ______________.
Answers
Answer: B) may be liable to the seller for violating duties required by the listing agreement.
Explanation:
The Multiple Listing Service (MLS) is a database that allows brokers to cooperate in finding buyers for homes. They list the properties for sale and if other brokers know people who need such a house they will reach out and buy it. The listing broker and the selling broker will then share commissions.
This is what the broker was trying to avoid by withholding the information from the MLS.
However, the broker is in violation of the listing agreement which stated that he should post it on the MLS within 3 working days and as such there is a very real chance that he is liable to the seller for this violation.
During the year a parent makes sales of inventory at a profit to its 75 percent owned subsidiary. The subsidiary also makes sales of inventory at a profit to its parent during the same year. Both the parent and the subsidiary have on hand at the end of the year 20 percent of the inventory acquired from one another. Consolidated revenues for the year should exclude:________.
a) 80 percent of the total revenues from intercompany sales.
b) only the revenues from the subsidiary's intercompany sales.
c) only the revenues from the parent's intercompany sales.
d) total revenues from intercompany sales. A
Answers
Answer: total revenues from intercompany sales.
Explanation:
From the question, we are informed that during the year a parent makes sales of inventory at a profit to its 75 percent owned subsidiary and that the subsidiary also makes sales of inventory at a profit to its parent during the same year.
We are further told that both the parent and the subsidiary have on hand at the end of the year 20 percent of the inventory acquired from one another.
In this case, the consolidated revenues for the year should exclude total revenues from intercompany sales
On December 31, 2016, Ditka Inc. had Retained Earnings of $270,800 before its closing entries were prepared and posted. During 2016, the company had service revenue of $171,100 and interest revenue of $82,800. The company used supplies in the amount of $89,400, advertising expenses were $16,700, salaries and wages totaled $18,750, and income tax expense was calculated as $14,300. During the year, the company declared and paid dividends of $6,300.
Required:
a. Prepare the closing entries dated December 31, 2016.
b. Record the entry for closing revenue and expense account.
c. Record the entry for closing dividend account.
Answers
Answer:
Required a
Closing Retained Earnings Balance
Retained Earnings $270,800 (debit)
Statement of Changes in Shareholders Equity $270,800 (credit)
Required b
Closing Service Revenue Balance
Sales Revenue $171,100 (debit)
Statement of Profit and Loss $171,100 (credit)
Closing Interest Revenue Balance
Interest Revenue $82,800 (debit)
Statement of Profit and Loss $82,800 (credit)
Closing Supplies Expenses Account
Statement of Profit and Loss $89,400 (debit)
Supplies Expenses $89,400 (debit)
Closing Supplies advertising expenses
Statement of Profit and Loss $16,700 (debit)
Advertising expenses $16,700 (debit)
Closing Supplies salaries and wages expenses
Statement of Profit and Loss $18,750 (debit)
Salaries and wages expenses $18,750 (debit)
Closing income tax expenses
Statement of Profit and Loss $14,300 (debit)
income tax expenses $14,300 (debit)
Required c
Closing the dividend Account
Dividend $6,300 (debit)
Retained Earnings Statement $6,300 (credit)
Explanation:
Revenues and Expenses are Closed off to the Statement of Profit and Loss.
Dividends are Closed off to the Retained Income Statement.
Adjusting Supplies Account
Supplies Expenses $89,400 (debit)
Supplies Account $89,400 (credit)
Adjusting dividend Account
Dividend $6,300 (debit)
Cash $6,300 (credit)
Riedy purchased (on 1/1/21) $1,000,000 of HTM, 8% bonds for $904,000. The bonds mature on January 1, 2029; Straight-line amortization is used. The 12/31/21 bond carrying value is:
Answers
Answer:
The 12/31/21 bond carrying value is $916,000
Explanation:
The discount on bonds payable is the face value of $1000,000 minus the cash proceeds received from the bond issuance.
Discount on bonds payable=$1,000,000-$904,000=$96000
annual bond discount amortization=$96,000/8=$12000
annual coupon payment=$1,000,000*8%=$80,000
The carrying value of the bond as at 12/31/21=cash proceeds+bond discount amortization
The carrying value of the bond as at 12/31/21=$904,000+$12000=$916000
A company is considering the purchase of a new machine for $49,000. Management predicts that the machine can produce sales of $16,100 each year for the next 10 years. Expenses are expected to include direct materials, direct labor, and factory overhead totaling $7,900 per year including depreciation of $4,100 per year. Income tax expense is $3,280 per year based on a tax rate of 40%. What is the payback period for the new machine?
Answers
Answer:
7.47 years
Explanation:
Payback period calculates the amount of the time it takes to recover the amount invested in a project from its cumulative cash flows.
= amount invested / cash flows
To derive cash flow: (S - C - D) x (1 - t) + D
S = sales = $16,100
C = Cost of goods sold = $7,900
D = deprecation = $4,100
T = tax = 40%
$16,100 - $7,900 - $4,100 = $4100
$4100 × 0.6 = $2460
$2460 + $4,100 = $6560
$49,000 / $6560 = 7.47 years
I hope my answer helps you
You plan to invest $300 today and $500 three years from today. Two years from today, you plan to withdraw $50. Which of these is a correct statement regarding a time line for computing the future value of your cash flows four years from today?
A. The cash flow at year 4 is a negative $500.B. The cash flow at year 3 is a negative $500.C. The cash flow at year 2 is a negative $50.D. The cash flow at time 0 is a positive $300.
Answers
Answer: B. The cash flow at year 3 is a negative $500.
Explanation:
When money is invested into a venture, it is denoted with a negative sign (-) to indicate that this is money leaving the investor as opposed to a positive sign (+) to show when money is coming back to the investor.
In year 3, the investor invested $500 so in year 3 the Cashflow was -$500.
Sorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (3,600 units)$108,000 Variable expenses 49,680 Contribution margin 58,320 Fixed expenses 44,300 Net operating income$14,020 If the company sells 4,300 units, its total contribution margin should be closest to: (Do not round intermediate calculations.)
Answers
Answer:
$69,660
Explanation:
For computing the contribution margin first we have to determine the contribution margin per unit which is shown below:
Contribution margin per unit = Contribution margin ÷ Number of units
= $58,320 ÷ 3,600 units
= $16.2
Now if the sales unit is 4,300 so the contribution margin is
= Sales units × contribution margin per unit
= 4,300 units × $16.20
= $69,660
which of the following situations will likely result in the highest price for a good?
-high demand and high supply
-low demand and high supply
-low supply and low demand
-low supply and high demand
Answers
Answer:
low supply and high demand
Explanation:
The situation that will most likely result in the highest price for a good is 'low supply and high demand. When there is a low supply of a product that is highly desired by consumers, companies will take this as an opportunity to raise said products price if they have it in stock. A good example of this is the shortage in supply of toilet paper that occurred at the start of the 2020 pandemic. Since there was such a high demand for toilet paper and a rather low supply of it, businesses began to increase their prices when they had it in stock.
Ryan works at a community college and the college requires all employees to contribute to a pension fund. At this time, he is not too worried about the safety of this contribution because
Answers
Answer:
pension funds usually make conservative investments
Explanation:
Pension funds are pools of investment that are used to prepare an employee for retirement. Pension contributions are made either by the employer or the employee.
These funds are collected and invested by Pension Fund Administrators (PFA).
Primarily pension funds are invested in stocks and bonds.
The aim of the investments is to make low risk profit on the funds. So Ryan is not worried about the safety of his pension contributions because they are put in conservative investments that have low risk of loss.
Merando Industries employs a 5-day workweek and a September 30 year-end. Normal weekly wages amount to $41760. If September 30 ends on a Wednesday, what is the appropriate journal entry at fiscal year-end
Answers
Answer:
Debit: Salaries and wages expense $25,056
Credit: Salaries and wages payable $25,056
(To recognize the salaries and wages payable at year-end)
Explanation:
Merando Industries employs a 5-day workweek - this means $41,760 normal weekly wages can be divided by 5 to arrive at the daily workweek wages, which is $41,760 / 5 = $8,352.
If the fiscal year-end is a Wednesday, the company has to recognize a salaries and wages payable of $25,056 due to the following:
the workweek remains 2 weekdays to completethe company pays at the completion of the 5-day workweekthere is no need to recognize the remaining 2 days next year as salaries and wages payable since the employer may not have control over the employees - they may decide the exit the companySo, the amount to be recognized will be $8,352 x 3 = $25,056.
At Wilson Manufacturing, evaluators are required to justify in writing extremely high or extremely low performance ratings that are given to employees. The managers completing evaluations hate these write-ups, and try to avoid writing them. Which of the following is the most likely outcome of this requirement?
a. leniency
b. central tendency error
c. halo error
d. recent behavior bias
Answers
Answer:
B. Central tendency error
Explanation:
From the question the most likely outcome of this requirement is central tendency error.
This kind of error of error happens when managers, interviewers or evaluators rate all or most of the employees or interviewees as average. It occurs when evaluators filling out a rating scale has placed most of the answers in the middle of the scale and avoid the high and low extremes.
Suppose the price elasticity of demand for a product is 0.5. If a supplier wants to increase revenue, what change should it make to price, if any?
Answers
Answer:
The correct answer is: Increase the price in order to increase revenue.
Explanation:
To begin with, the price elasticity of demand for a product is the concept known in the economics that refers to the variation that happens in the quantity demanded of a product when the price of it changes a bit. Moreover, when the price elasticity of demand is 0.5 the product is relatively inelastic and therefore that if the price increases the quantity demanded will basically stay the same more less and that is why if the price increases the product will no suffer changes in its quantity demanded and that will cause the supplier to earn a higher total revenue.
Helen worked for ABC Motors for 25 years. The president of ABC said to her: "In consideration of your past service for 25 years, I promise to give you a new car next week." However, he did not give the car. Is this promise legally enforceable
Answers
Answer:
No, legal consideration is absent
Explanation:
According to the given situation, the President of ABC company was promised to Helen to give a new car next week as Helen worked for 25 years. But the president did not give the car as he promised to the Helen.
In this case, there was a promise which was verbal, not in the way of legal consideration, which means there is no proof so that Helen can claim from the president.
Therefore the correct answer is No, legal consideration is absent
The table below shows the expenditure components for the United States in 2015. Expenditures in the United States Expenditure Component Amount of Expenditure (billions of dollara) Durable goods $1,367.1 Nondurable goods 2,666.0 Services 8,299.1 Nonresidential fixed investment 2,336.2 Residential fixed investment 645.4 Change in private inventories 111.9 Exports 2,264.9 Imports 2,789.0 Federal government 1,224.0 State and local government 1,994.9sing the values in the table, calculate the following aggregate expenditures and nominal GDP.Instructions: Round your answers to one decimal place.a. What is the value of consumption expenditures in 2015?$ billionb. What is the value of government expenditures in 2015?$ billionc. What is the value of gross investment in 2015?$ billiond. What is the value of nominal GDP in 2015?$ billion
Answers
Answer:
a. $12,332.2 billion
b. $3218.9 billion
c. $3093.5 billion
d. $18120.5 billion
Explanation:
a. The value of Consumption Expenditure = Sum of consumption expenditure on all goods and services
= $1,367.1 billion + $2,666 billion + $8,299.1 billion
= $12,332.2 billion
b. The value of Government Expenditure = Sum of expenditure by federal Government and State & Local government
= $1224.0 billion + $1994.9 billion
= $3218.9 billion
c. Gross Investment = Sum of investment and inventories
=Non-residential fixed investment + Residential fixed investment + Change in private inventories
= $2336.2 billion + $645.4 billion + $111.9 billion
= $3093.5 billion
d. Nominal GDP = C + I + G + (X-M)
= $12332.2 billion + $3093.5 billion + $3218.9 billion + ($2264.9 billion - $2789 billion)
= $18120.5 billion
A- The consumption expenditures made in the year 2015 is 12332.2 billion dollars. B- The government expenditures in the year 2015 were 3218.9 billion dollars.
C- Gross investments made in the year 2015 were 3093.5 billion dollars. D- Nominal GDP in 2015 would be 18121.2 billion dollars. Above mentioned are the correct figures are which have been rounded off to one decimal point.
The calculation of all the asked queries can be made as follows. The Consumption expenditure = Summation of expenses on all goods and services. Which can be calculated as 1,367.1 + 2,666 + 8,299.1 which totals to 12332.2 billion dollars.The Government expenditures amount to 1224 + 1994.9 = 3218.9 billion dollars as a part of expenses made by the federal government and the local govt.The gross investments are calculated as under 2336.2 + 645.4 + 111.9 totaling to 3093.5 billion dollars by addition of fixed investments (residential and non-residential) and private inventories.For calculation of nominal GDP of the year 2015 values obtained from A, B and C can be added before subtracting the net difference between exports and imports like 12332.2+ 3218.9 + 3093.5 + (2264.9- 2789.0) which totals as 18121.2 billion dollars.Hence, the correct values obtained for queries A,B,C and D are $12332.2 billion, $3218.9 billion, $3093.5 billion and $18121.2 billion dollars chronologically.
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The Jewel Golf Club Company, which recently began using a kanban system, has had problems with high inventory levels of one of the handle grips used to make several versions of its clubs. Daily demand for the grip is 3000 units, average waiting time during production is 0.20 day, processing time is 0.10 day per container, and a container holds 150 grips.Use the information in Case 6.2. How many Kanban containers would Jewel require if a 10% policy variable is used? a. three or fewer b. four or five c. five or six d. six or seven
Answers
Answer:
d. six or seven
Explanation:
Given that:
Daily demand for the grip = 3000 units
average waiting time = 0.20 day
processing time = 0.10 day / container
a container holds = 150 grips
percentage of policy used = 10% = 0.10
The objective of this question is to determine the amount of Kanban containers would Jewel require.
the amount of Kanban containers = Demand ( wasting time + processing time)(1+percentage policy)/ amount of container holding
the amount of Kanban containers = 3000( 0.2 + 0.1) ( 1+ 0.10)/ 150
the amount of Kanban containers = 3000 ( 0.30) (1.10)/150
the amount of Kanban containers = 990/150
the amount of Kanban containers = 6.6
SO we can infer that the amount of Kanban containers would Jewel require if a 10% policy variable is used falls within the range of six or seven.
amantha was ill for four months this year. Samantha missed work during this period, but disability insurance paid $18,000 of disability pay to replace her missed salary. Samantha shares the cost of the insurance with her employer. This year Samantha's employer paid $2,200 in disability premiums for Samantha as a nontaxable fringe benefit and Samantha paid the remaining $1,100 of premiums from her salary. What amount of the disability pay must Samantha include in her gross income (Rounded to the nearest whole dollar)
Answers
Answer: $12,000
Explanation:
Disability Insurance paid $18,000 to Samantha but Samantha had to pay $1,100 in premiums for the disability insurance while her employer paid $2,200. This premium that they both paid is the cost of her insurance payout for disability.
Her gross income will therefore be;
= [tex]\frac{2,200}{2,200 + 1,100}[/tex] * 18,000
= $12,000
This is her income because this is the percentage of the payout that was covered by her insurer.
When Shondra shops at the warehouse club, she buys paper towels and tissues in bulk. What type of packaging do these products come in
Answers
Answer:
Unit load
Explanation:
A unit-load packaging is used for loading individual goods together and shipping the package into a single box. Another choice is not appropriate for this form of packaging as they're concerned about carton packaging and shipping container related packaging.
Therefore in the given since she wants to buy the paper towels and tissues in bulk so it reflects the unit load as it derives the same meaning
Hence, the correct option is the unit load.