On 1 January 2022, Rhino Limited (Rhino) enters into a contract with a customer, Henan Food Packing (HFP) Ltd, to design and install a replacement motor for one of their packing machines. They agreed on the following terms and conditions: - The agreed contract price is $75,000. - HFP Ltd should pay a deposit of 10% of the contract price on the date the contract is signed. - Once the deposit is made, the design team of Rhino Ltd will work closely with HFP to prepare a detailed design and plan. Once the detailed design is done, HFP must approve the design. At the time of approval, Rhino Ltd require HFP to pay 30% of the contract price. - After the approval, within 5 months, the motor should be designed and has to be delivered and installed. Upon the installation, the customer should pay the balance amount of the contract. If Rhino Ltd delivers later than the dates specified above, HFP Ltd will get a 5% discount on the total contract price. - Rhino Ltd agreed to provide the installation free to HFP Ltd as part of the contract. - Rhino Ltd also promised to provide free maintenance service at the end of the six months upon installation as part of the contract. The selling price of a similar replacement motor excluding any offer is $67,200. A similar installation service is usually sold at $8,000 to other customers and a similar maintenance service is provided at $4,800. As agreed, both the parties to the contract performed their respective obligations as follows: - On 1 January 2022, HFP Ltd paid 10% of the agreed contract price. - On 15 February 2022, HFP Ltd approved the design and paid 30% of the contract price as agreed. - On 25 June 2022 , the motor was delivered and installed successfully. On the same day, HFP Ltd paid the balance amount as agreed. As Daniel used the old revenue accounting standard, IAS 18, while he was practising as an accountant in India, he is now struggling to understand how to account for sales under NZ IFRS 15 . He seeks your advice in recognising revenue with the contract with HFP Ltd. Required: (a) Advise Daniel on how the contract with HFP Ltd should be treated under each step of the five-step revenue recognition model in NZ IFRS 15. (10 marks) (b) Prepare the relevant journal entries for transactions related to the above sale until 30 June 2022. Write narrations for journal entries

Answers

Answer 1

(a) Treatment of the contract with HFP Ltd under the five-step revenue recognition model in NZ IFRS 15:

Step 1: Identify the Contract:

The contract with HFP Ltd is identified as it meets the criteria specified in NZ IFRS 15.

Step 2: Identify the Performance Obligations:

The performance obligations in the contract are to design and install a replacement motor for HFP Ltd.

Step 3: Determine the Transaction Price:

The transaction price is determined as $75,000, which is the agreed contract price.

Step 4: Allocate the Transaction Price to the Performance Obligations:

The transaction price needs to be allocated to the performance obligations based on their relative standalone selling prices. As per the information provided:

- The standalone selling price of the replacement motor is $67,200.

- The standalone selling price of the installation service is $8,000.

- The standalone selling price of the maintenance service is $4,800.

Step 5: Recognize Revenue as the Performance Obligations are Satisfied:

Revenue should be recognized when control of the goods or services is transferred to the customer. In this case:

- On 1 January 2022, when HFP Ltd paid the 10% deposit, revenue is recognized for that amount.

- On 15 February 2022, when HFP Ltd approved the design and paid 30% of the contract price, revenue is recognized for that amount.

- On 25 June 2022, when the motor was delivered and installed successfully, and the balance amount was paid by HFP Ltd, revenue is recognized for the remaining amount.

(b) Journal entries:

1. On 1 January 2022, when HFP Ltd paid the 10% deposit:

  Debit: Accounts Receivable - HFP Ltd $7,500

  Credit: Unearned Revenue $7,500 (Narration: Received deposit from HFP Ltd)

2. On 15 February 2022, when HFP Ltd approved the design and paid 30% of the contract price:

  Debit: Accounts Receivable - HFP Ltd $22,500

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Related Questions

allows an organization to customize some aspect of the goods or services it offers to each customer.

Answers

Mass customization is a business model that allows an organization to customize some aspect of the goods or services it offers to each customer. This business model has become increasingly popular as technology has advanced, enabling companies to produce products at a lower cost while still allowing customers to personalize them.

Mass customization, also known as made-to-order, is when a product is produced with the same cost efficiencies as a mass-produced product but is tailored to the customer's needs. Customers can select certain features that they prefer or that they will best suit their needs, and the company will then produce the product according to their specifications.

This is usually done via an online configuration tool that allows customers to select options such as size, color, material, and other features.

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the unemployment compensation act of 2008 expanded the euc benefits to 20 weeks nationwide.

Answers

False. The statement is false.

The Unemployment Compensation Act of 2008 did not expand the Emergency Unemployment Compensation (EUC) benefits to 20 weeks nationwide. The specific provisions and duration of EUC benefits can vary over time and depend on the specific legislation passed by the government. The EUC program was initially created in response to the 2008 financial crisis to provide additional unemployment benefits to individuals who exhausted their regular state unemployment benefits. However, the duration of EUC benefits and the eligibility criteria were subject to change with subsequent legislation. It is important to refer to the specific laws and amendments enacted during that period to determine the actual duration of EUC benefits provided under the Unemployment Compensation Act of 2008.

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Decide if you agree with the following statements which are making comparisons between Baseline Accounting Design, QuickBooks and SAGE50 with respect to the sales business process. 4. What other similarities or differences did you notice related to the sales business process?

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Overall, all three accounting software programs offer various features that can help businesses streamline their sales processes. The choice between them depends on the needs and budget of each individual business.

After comparing the Baseline Accounting Design, QuickBooks, and SAGE50, the following similarities and differences are evident in the sales business process.
Similarities:
All three software programs support invoice creation and inventory tracking. They also allow users to create custom reports, import/export data, and accept online payments. Additionally, all three offer cloud-based solutions for remote access.
Differences:
Baseline Accounting Design is a basic, open-source program designed for small businesses that don't require advanced features. QuickBooks and SAGE50, on the other hand, are paid accounting software programs designed for businesses of all sizes. QuickBooks has more extensive accounting and payroll features than Baseline Accounting Design but fewer inventory management options than SAGE50. SAGE50 has more inventory management options than QuickBooks but lacks QuickBooks' advanced reporting features. In terms of pricing, QuickBooks is more expensive than Baseline Accounting Design but cheaper than SAGE50.
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A client with chronic venous insufficiency has ankle edema. Which action would the nurse take?
Elevate the legs.

Answers

Chronic venous insufficiency is a disorder of the veins in which the veins are unable to return blood to the heart effectively. This leads to venous hypertension, which causes various symptoms, including ankle edema.

In response to the question of what action the nurse should take if a patient with chronic venous insufficiency has ankle edema, the answer is "Elevate the legs."This is because elevating the legs helps to reduce the amount of blood and fluid that accumulates in the legs, which helps to reduce swelling and improve venous return to the heart.

This can help to reduce the patient's symptoms and improve their overall quality of life. Furthermore, elevating the legs is a non-invasive, low-risk intervention that can be performed in most settings, making it an ideal choice for managing ankle edema in patients with chronic venous insufficiency.

Overall, elevating the legs is an effective and practical intervention for managing ankle edema in patients with chronic venous insufficiency, and it should be a standard part of the care plan for these patients.

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BoJo Waffles share price is trading at £100 per share. Each year the stock price will either go up u or go down d, and u=d=25%. The annual risk-free interest rate is 5% discretely compounded. a. By constructing a replicating portfolio, determine the price of a two-year European call option with the strike E=£110. [20 Marks] b. Use the call price to calculate the price of the put on BoJo Waffles with the same strike and expiry. [5 Marks]

Answers

Given information: BoJo Waffles share price is trading at £100 per share. Each year the stock price will either go up u or go down d, and u=d=25%.The annual risk-free interest rate is 5% discretely compounded.

a. By constructing a replicating portfolio, determine the price of a two-year European call option with the strike E=£110.The first step is to determine u and d as we know u = d = 25%.u = 1 + 25% = 1.25d = 1 - 25% = 0.75Now calculate the risk-neutral probability of an up-move.

Then calculate the call option price. Probability of an up-move, p = (e^rt - d)/(u - d)where r = annual risk-free interest rate = 5% compounded discretely for 2 years T = 2 (in years)t = T/n = 1 (time period of each step)u = 1.25 and d = 0.75.

Substituting the values in the above formula, we getp = (e^(0.05*1) - 0.75)/(1.25 - 0.75) = 0.5107The price of the call option, C = e^-rT [pC_u + (1 - p)C_d] where C_u = price of call option if the stock price goes up = max(0, 110 - 100*1.25) = £0C_d = price of call option if the stock price goes down = max(0, 110 - 100*0.75) = £35.

Substituting the values, we getC = e^(-0.05*2) [0.5107(0) + (1 - 0.5107)(35)] = £16.58.

Therefore, the price of a two-year European call option with the strike E=£110 is £16.58.b. Use the call price to calculate the price of the put on BoJo Waffles with the same strike and expiry.

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A business entity is an individual, association, or organization with control over economic resources and which engages in economic activities.

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A business entity is an individual, association, or organization with control over economic resources and which engages in economic activities.

Business entities are entities that exist for the purpose of conducting commercial or economic activities. They can take various legal forms, such as sole proprietorships, partnerships, corporations, or limited liability companies (LLCs). These entities are separate and distinct from their owners or members and are recognized as legal entities capable of entering into contracts, owning assets, and incurring liabilities.
Business entities have control over economic resources, which can include tangible assets like property, inventory, and equipment, as well as intangible assets like intellectual property, trademarks, and goodwill. They utilize these resources to produce goods or provide services with the aim of generating revenue and making profits.
Engaging in economic activities involves the buying, selling, production, or distribution of goods and services. Business entities participate in markets and interact with customers, suppliers, competitors, and other stakeholders to carry out their economic activities. They may also employ individuals, enter into partnerships or joint ventures, raise capital through investments or loans, and make strategic decisions to achieve their financial objectives.

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A loan of $15,000 is to be repaid in 4 equal payments (over 4 years) and the interest rate is 10% per year. Determine the principal repayment amount at end of year 2 ? a. $3,910.79 b. $3,232.06 c. $3,555.27 d. $3,0,070 e. $2,10,562

Answers

The principal repayment amount at the end of year 2 is $3,910.79. Here's how to arrive at the solution: The principal amount borrowed is $15,000.The interest rate is 10% per year.

Therefore, the interest rate for each of the four years will be 10/4 = 2.5%.We have to find the principal repayment amount at the end of year 2.

At the end of year 1, the outstanding balance will be

[tex]$15,000 + $15,000 × 2.5% = $15,000 + $375 = $15,375.[/tex]

At the end of year 2, the outstanding balance will be:

[tex]$15,375 + $15,375 × 2.5% = $15,375 + $384.38 = $15,759.38[/tex]

This means that in the first two years, the borrower paid back

[tex]$15,759.38 - $15,000 = $759.38[/tex] in total.

At the end of year 2, the borrower still has 4 - 2 = 2 years left to pay back the loan. Therefore, the remaining loan balance after the second year will be paid back in 2 equal payments over the third and fourth years. Using the present value formula, we can find out the size of each of these two payments:

PV = FV / (1 + r)n where PV is the present value of the payment, FV is the future value of the payment, r is the interest rate per period, and n is the number of periods.

Let's use PV1 to represent the present value of the payment to be made at the end of year

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Avoidance is the most frequently used approach to managing conflict.
A) True
B) False

Answers

B) False.Avoidance is not the most frequently used approach to managing conflict.

In fact, avoidance is often considered an ineffective strategy for conflict resolution. While some individuals may resort to avoidance temporarily to buy time or diffuse tension, it is not a sustainable or productive long-term approach.

Effective conflict management involves open communication, active listening, and problem-solving. It requires addressing the underlying issues and finding mutually beneficial solutions. Avoiding conflict can lead to unresolved issues, resentment, and further escalation of the conflict.

There are several other approaches to managing conflict that are more frequently used and considered more effective. These include:

1. Collaboration: This approach involves actively working together to find a solution that satisfies the needs and interests of all parties involved. It promotes open communication, cooperation, and creative problem-solving.

2. Compromise: Compromise involves finding a middle ground where both parties are willing to make concessions in order to reach a mutually acceptable solution.

It requires a willingness to give up some individual demands for the sake of resolving the conflict.

3. Accommodation: This approach involves emphasizing the needs and concerns of the other party and downplaying one's own interests. It can be used when preserving relationships and maintaining harmony are more important than personal goals.

4. Confrontation: Confrontation, also known as assertiveness, involves addressing the conflict directly and expressing one's needs, concerns, and boundaries.

It requires clear communication and the willingness to stand up for oneself while remaining respectful.

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write about Infectious disease literature research including with the below points
Local Literatures
Local Studies
Foreign Studies
Foreign Literatures
Illustrate the theoretical Framework based on your RTP

Answers

To conduct a research of the literature on infectious diseases, including the points required by the statement, you must first choose your sources, which should be books and a academic database of relevant scientific articles.

What is the purpose of the literature on infectious diseases?

Provide further explanations on various infectious diseases, increasing the vision and knowledge about the forms of development, contagion and cure of such diseases.

Therefore, bibliographical research in various sources of study on the subject will increase the perspective of the researcher, such as local literatures, which addresses diseases that occur in that region and foreign studies that will demonstrate other diseases in relation to the various variables of that location, giving greater subsidy for understanding and search for the solution.

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A manufacturer offers an inventor the choice of two contracts for the exclusive right to manufacture and market the inventor's patented design. Plan 1 calls for an immediate single payment of $59,578. Plan 2 calls for an annual payment of $1,594 plus a royalty of $1.91 for each unit sold. The remaining life of the patent is 10 years. MARR is 10% per year. What must be the uniform annual sales to make Plan 1 and Plan 2 equally attractive?

Answers

Uniform annual sales that will make Plan 1 and Plan 2 equally attractive are $ 16,736. Explanation: Present worth of Plan 1: Since this plan is offering an immediate single payment, the present worth of Plan 1 would be $ 59,578. Present worth of Plan

2: Since Plan 2 is offering an annual payment along with a royalty for each unit sold, it would be difficult to find out the present worth of this plan without the knowledge of the number of units that will be sold.

Hence, it is important to find out the uniform annual sales that will make both plans equally attractive. For this purpose, let x be the uniform annual sales. Royalty for each unit sold is $ 1.91.

Number of units sold in a year is x. Hence, the royalty income in a year will be $ 1.91 x. The net cash inflow in a year is the sum of annual payment and royalty income. Net cash inflow =[tex]$ 1,594 + $ 1.91 x[/tex].

Using the formula to calculate the present worth of an annuity, present worth of Plan 2 would be as follows:

[tex]PW = A(1-PVIFAi,n)+RV(1+i)-n[/tex]

where,PW = present worth

A = net cash inflow in a yeari = MAR

Rn = number of years

RV = residual value (which is zero in this case)By substituting the values in the formula,

PW [tex]= (1594 + 1.91 x) [1 - (1 + 0.1)-10 / 0.1] + 0= 9,807.95 + 14.1892 x[/tex].

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You just won a contest and have been appointed City of New York Tax Commissioner (you might be asking, why did I enter such a contest? :)). Your primary goal is two fold: raise revenue and make the tax code more efficient. You have to decide which goods to tax, which goods to raise taxes on and which good to lower taxes. Consider your knowledge of elasticity, supply and demand. You need to close a $225 million budget gap for the City. 1. Alcohol, tobacco and gasoline are already heavily taxed. Should you raise these taxes? Explain your answer. 2. Medical services, electricity and fruits and vegetables are not taxed. Should you start to tax these? Explain your answer. 3. Other than what is listed above, find 3 additional goods or services you would tax to raise more revenue. Explain your answer. 4. Which 3 goods would you eliminate taxes on and why? Explain your answer. Good Luck to you Mr. or Madame Commissioner.

Answers

As the newly appointed City of New York Tax Commissioner, it is your primary responsibility to raise revenue and make the tax code more efficient. Therefore, there are several goods and services you should consider taxing or eliminating taxes on to bridge the $225 million budget gap in the City.

Below are the answers to your questions:1. Alcohol, tobacco, and gasoline are already heavily taxed. You should not raise these taxes any further because of the highly inelastic nature of these products. As such, an increase in taxes on these goods will have little impact on their demand, which means the amount of revenue generated will not be significant.2. Medical services, electricity, and fruits and vegetables are not taxed. Starting to tax them would be detrimental to the low-income earners and a burden to the already constrained medical facilities. They should, therefore, remain tax-free.3. The three goods or services that could be taxed to raise more revenue include:

Luxury goods: Items that people buy more of when they have more money, such as expensive cars and high-end jewelry.

Entertainment: Products and services that are meant for leisure and relaxation, such as movie tickets and cable TV.

Airline tickets: Given the heavy use of planes by business people and the wealthy, taxes on airline tickets could be increased, resulting in significant revenue generation.

4. The three goods that should have their taxes eliminated are:

Prescription drugs: As medication is a necessity for many people, it should be tax-free.

Baby items: These should be exempt from taxes since they are necessities for young parents.

School supplies: Tax exemptions on school supplies such as textbooks and stationery will provide relief to parents.

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Presented below is information related to Free Corporation: Common Stock, $1 par. $2,600,000 Paid-in Capital in Excess of Par-C/S 330,000 Preferred 81/2% Stock, $50 par. 1,200,000 Paid-in Capital in Excess of Par-P/S 240,000 Retained Eamings. 1,000,000 Accumulated Other Comprehensive Income (Unrealized Losses)......100,000 Treasury Stock (at cost) 90,000 The total stockholders' equity of Free Corporation is a. $5,180,000. b. $5,270,000. c. $5,300,000. d. $5,510,000. e. None of the above

Answers

Option (e), The total stockholders' equity of Free Corporation can be calculated by summing up the common stock, preferred stock, paid-in capital in excess of par, retained earnings, accumulated other comprehensive income, and deducting treasury stock.

In this case, the calculation would be as follows:

Common Stock, $1 par: $2,600,000
Paid-in Capital in Excess of Par-C/S: $330,000
Preferred 81/2% Stock, $50 par: $1,200,000
Paid-in Capital in Excess of Par-P/S: $240,000
Retained Earnings: $1,000,000
Accumulated Other Comprehensive Income (Unrealized Losses): $100,000
Treasury Stock (at cost): $90,000

Total Stockholders' Equity = (Common Stock + Paid-in Capital in Excess of Par-C/S + Preferred Stock + Paid-in Capital in Excess of Par-P/S + Retained Earnings + Accumulated Other Comprehensive Income) - Treasury Stock

Total Stockholders' Equity = ($2,600,000 + $330,000 + $1,200,000 + $240,000 + $1,000,000 + $100,000) - $90,000

Total Stockholders' Equity = $5,480,000 - $90,000

Total Stockholders' Equity = $5,390,000

Therefore, the correct answer is e. None of the above. The total stockholders' equity of Free Corporation is $5,390,000.

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question 2 you have just purchased a home by borrowing \$400,000$400,000 for 30-years at a fixed apr of 3.87\%3.87%. the loan payments are monthly and interest is compounded monthly. what is the effective annual rate on the loan? (i.e., what is the interest rate once we take into account compounding?)

Answers

You have just purchased a home by borrowing $400,000 for 30 years at a fixed APR of 3.87%. The effective annual rate on loan payments are monthly, and interest is compounded monthly.




The effective annual rate (EAR) takes into account the compounding of interest over a year. To calculate the EAR on the loan, we need to consider the nominal annual interest rate (APR) and the compounding period.Step 1: Convert APR to monthly interest rate.To calculate the monthly interest rate, we divide the APR by 12 (number of months in a year). In this case, the monthly interest rate is 3.87% / 12 = 0.3225%.

Step 2: Calculate the effective monthly interest rate.To account for compounding, we need to add 1 to the monthly interest rate and then raise it to the power of 12 (number of compounding periods in a year). In this case, the effective monthly interest rate is (1 + 0.003225)^12 - 1 = 0.0409 or 4.09%.Step 3: Convert the effective monthly interest rate to the effective annual rate.Therefore, the effective annual rate on the loan, taking into account compounding, is approximately 4.98%.

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Use the following production to answer Questions L−N : YagK 1/4(AL) 3/4
Population growth rate is 2% saving rate is 30% depreciation rate is 7%, and technological progress is 1%. The growth rates of capital and labour are 6.1% and 3.3% respectively. Assume the Solow Residual (R) is 0.2%. L. A capital per effective labour of 80 units will lie above the stendy state capital per offective labour: M. The economy will hold too much capital stock if the saving rate is reduced to 0.24. N. The fraction of the overall growth that is attributable to the Solow residual is approximately 17%. O. Okun's Law shows a relation between the rate of change in unemployment and the deviation of output from the normal growth rate. P. Unemployment benefits paid to unemployed persons indirectly determines the bargaining power of labour and will therefore impact on the wage rate. Q. An increase in domestic interest rate will cause an appreciation of the foreign currency relative to the domestic currency. R. The global economic downturn will imply an increase in exports from Ghana' and so an improvement in Ghana's terms of trade. S. Fiscal policies have minimal impact on output in the economy when the econom is open and the exchange rate regime is flexible. T. Aggregate demand policies have only a short run impact on output and inter rate when the economy starts at the natural rate of output because in the medi min expectation revisions will send the economy back to the natural rate of our

Answers

Solow model is used to determine the long-run aggregate economic growth in an economy. Solow residual measures the growth rate of output that is not attributed to capital per effective labor and labor per effective labor. The fraction of overall growth attributable to Solow residual is approximately 17%.



L. A capital per effective labor of 80 units will lie above the steady-state capital per effective labor. If the capital per effective labor is higher than the steady-state capital per effective labor, the economy will fall below the steady-state equilibrium.

M. The economy will hold too much capital stock if the saving rate is reduced to 0.24. This statement is incorrect. If the savings rate is reduced, the economy will not hold too much capital stock. The steady-state equilibrium will occur when the saving rate is 30%.

N. The fraction of overall growth that is attributable to the Solow residual is approximately 17%. Solow residual measures the change in output that is not attributed to capital per effective labor and labor per effective labor. So, the growth rate attributable to Solow residual will be approximately 17%.

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Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company can produce and sell 44,000 Rets per year. Costs associated with this level of production and sales are given below:

Unit Total

Direct materials $ 20 $ 880,000

Direct labor 6 264,000

Variable manufacturing overhead 3 132,000

Fixed manufacturing overhead 9 396,000

Variable selling expense 2 88,000

Fixed selling expense 6 264,000

Total cost $ 46 $ 2,024,000

The Rets normally sell for $51 each. Fixed manufacturing overhead is constant at $396,000 per year within the range of 36,000 through 44,000 Rets per year.

Required:

1. Assume that due to a recession, Polaski Company expects to sell only 36,000 Rets through regular channels next year. A large retail chain has offered to purchase 8,000 Rets if Polaski is willing to accept a 16% discount off the regular price. There would be no sales commissions on this order; thus, variable selling expenses would be slashed by 75%. However, Polaski Company would have to purchase a special machine to engrave the retail chain’s name on the 8,000 units. This machine would cost $16,000. Polaski Company has no assurance that the retail chain will purchase additional units in the future. Determine the impact on profits next year if this special order is accepted.

2. Refer to the original data. Assume again that Polaski Company expects to sell only 36,000 Rets through regular channels next year. The U.S. Army would like to make a one-time-only purchase of 8,000 Rets. The Army would pay a fixed fee of $1.80 per Ret, and it would reimburse Polaski Company for all costs of production (variable and fixed) associated with the units. Because the army would pick up the Rets with its own trucks, there would be no variable selling expenses associated with this order. If Polaski Company accepts the order, by how much will profits increase or decrease for the year?

3. Assume the same situation as that described in (2) above, except that the company expects to sell 44,000 Rets through regular channels next year. Thus, accepting the U.S. Army’s order would require giving up regular sales of 8,000 Rets. If the Army’s order is accepted, by how much will profits increase or decrease from what they would be if the 8,000 Rets were sold through regular channels?

Answers

The earnings will rise by $124,400 if the special order is approved. The revenues will rise by $14,400 if the American Army's request is granted. Profits will drop by $25,600 in comparison to selling 8,000 Rets through conventional channels if the Army's request is carried out.

1. We must compute the pertinent costs and revenues in order to assess the effect of accepting the unique order on profits.

$1,836,000 was earned from ordinary sales (36,000 Rets x $51/Ret).

Cost of normal sales: 36,000 Rets x $46 per Ret = $1,656,000

Revenue from special orders is equal to 8,000 Rets ($51 - 16% discount) x 1 x (1 - 0.16) = $326,400.

8,000 Rets cost $344,000 ($20 + $6 + $3) for a special order (direct materials, direct labor, and variable manufacturing overhead).

25% of reduced variable selling costs multiplied by $88,000 equals $22,000.

Profit impact: Total revenue minus total costs 

($2,162,400 - $2,038,000) = profit impact of $124,400.

2. If the U.S. Army's order is accepted, the profits will rise because all unit-related production costs will be covered.

Gain in profit = 8,000 Rets X $1.80 each, or $14,400.

The revenues will rise by $14,400 if the American Army's request is granted.

3. The business would have to stop selling its usual 8,000 Rets if the Army's requirement is accepted. The profits from selling 8,000 Rets through conventional channels and the profits from fulfilling the Army's order must be contrasted in order to determine the profit differential.

Profit from regular sales of 8,000 Rets = 8,000 Rets × ($51 - $46)

= 8,000 Rets × $5

= $40,000

Profit differential is calculated as follows: 

= $14,400 - $40,000

= -$25,600

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A team faces a demand curve of Q = 75000 - 6000*P, where Q is the quantity of tickets sold, and P is the price, in dollars. The marginal cost, per ticket sold, is $2, and the team earns concession revenue of $6 per ticket sold. The team has no other revenue or capacity constraints. If the team is maximizing profits, what is their optimal ticket price?
Answer is 4.25, show workings please.

Answers

The optimal ticket price that the team should charge in order to maximize profits is $4.25.

The demand function that the team is facing is given asQ = 75000 - 6000 PThe marginal cost per ticket is $2The team earns $6 per ticket sold, so we can add this revenue to the demand function to get the total revenue function:

TR = (75000 - 6000 P)P + 6PWe can expand the expression on the right hand side of the equation:TR = 75000 P - 6000 P² + 6P.

To find the optimal ticket price, we need to find the value of P that maximizes the total revenue function. We can do this by taking the derivative of the total revenue function with respect to P, and setting it equal to zero:

dTR/dP = 75000 - 12000 P + 6 = 0Solving for P:75000 - 12000 P + 6 = 012000 P = 75006P = 625P = 625/12000 ≈ 0.052

This is the ticket price that maximizes revenue, but we need to subtract the $2 marginal cost to find the optimal price that maximizes profits:optimal price = $0.052 - $2 = $4.25

Therefore, the optimal ticket price that the team should charge in order to maximize profits is $4.25.

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Which of the following best describes the impact of covid on
corporate capital structure?
A. Covid would decrease the tax shield benefits, thereby lower
target debt ratio
B.Covid would increase financ

Answers

Corporate capital structure refers to the financing and investment strategies of companies, including the mix of debt and equity financing used to fund operations and growth. The COVID-19 pandemic has significantly impacted corporate capital structure, especially in terms of debt financing and target debt ratio. Since the pandemic has caused major economic disruptions, businesses have faced severe financial challenges. Many companies have struggled to maintain revenue and profits due to the economic downturn caused by the pandemic.

To address these challenges, many companies have sought to adjust their capital structures by reducing their debt levels and increasing equity financing. This is because the pandemic has decreased the tax shield benefits, thereby lowering the target debt ratio.

In addition, the high level of uncertainty and risk associated with the pandemic has made equity financing more attractive to investors as it provides greater flexibility and reduces financial risk. As a result, many companies have been forced to re-evaluate their capital structures and make adjustments to better manage their financial risk.

The best description of the impact of Covid on corporate capital structure is that Covid would decrease the tax shield benefits, thereby lower the target debt ratio.

Thus, option A is the correct.

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Forward Premium on the Dollar. Calculate the forward premium on the dollar if the spot rate is $1.6126 = £1.00 and the 6-month forward rate is $1.5542 = £1.00. Note: Use a 360-day year.
The forward premium on the dollar is 7.2430 %. (Round to four decimal places.)

Answers

In international finance, the forward premium is the difference between the forward exchange rate and the spot exchange rate expressed in percentage terms.

If the forward exchange rate is greater than the spot exchange rate, the forward premium is positive, indicating that the currency is trading at a forward premium.

Here, the spot rate is $1.6126

= £1.00, and the 6-month forward rate is $1.5542

= £1.00, respectively, and the number of days in a year is 360.In this case, Forward premium on the dolla

r=  {($1.5542-$1.6126)/ $1.6126} × (360/180)Forward premium on the dollar

= - 0.0361 or -3.61 %Since the forward premium on the dollar is negative (-3.61 %), it implies that the dollar is trading at a forward discount.  3.61 percent.
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As Strategic Consultant to ABC Ltd., explain to the Board of Directors, a reliable approach to developing and implementing staffing policy guidelines that will ensure reinforcement of the desired culture in the organization, essential to achieving its goals and objectives.

Answers

Developing and implementing staffing policy guidelines that reinforce the desired culture in an organization is crucial for achieving its goals and objectives.

Here's a reliable approach to accomplish this:

Define the Desired Culture: Start by clearly defining the desired culture of the organization. Identify the values, behaviors, and attitudes that align with the company's mission, vision, and strategic goals. This cultural framework will serve as the foundation for developing staffing policy guidelines.

Align Staffing Policies with Culture: Review and analyze existing staffing policies and procedures to ensure they align with the desired culture. Identify any gaps or inconsistencies that may hinder the reinforcement of the desired culture. Make necessary adjustments to policies to align them with the cultural framework.

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Sort the following options from best to least preferred according to the Theory of Constraints and Lean practice; Invest additional resources - labour or equipment - to support the bottleneck process Improve the bottleneck process so it takes less time Design a balanced, waste-free, pull process without a bottleneck Split the bottleneck process so that the work can be shared

Answers

The Theory of Constraints (TOC) is a management method for identifying and eliminating the most significant operational limitation, referred to as a bottleneck, that impedes the system's overall performance.

It aims to increase output by identifying and removing bottlenecks in the production process.

The order in which the given options should be sorted according to the Theory of Constraints and Lean practice, from best to least preferred, is as follows:

Design a balanced, waste-free, pull process without a bottleneckSplit the bottleneck process so that the work can be sharedImprove the bottleneck process so it takes less time invest additional resources - labor or equipment - to support the bottleneck process

The reasoning behind this order is as follows:

1. Design a balanced, waste-free, pull process without a bottleneck:
Designing a balanced, waste-free, pull process without a bottleneck is the most preferred option because it aligns with the lean practice of creating a process that operates with minimal waste and pulls materials and products through the system as needed.

A bottleneck is eliminated in this case by avoiding it altogether, resulting in a more efficient and effective process.

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Your organisation is hoisting a seminar on Covid-19, which will require a renowned consultant from Hong Kong to do a three days' training. As one of the organising team, you have been assigned the task of 'Cost estimates and Budget'. The following details are made available to you: The consultant will be paid an all-inclusive fee of Rs 30,000 per day and he will be assisted by an administrator, whose time is costed at Rs 1,500 per day. The course requires the provision of printed materials and stationery of Rs300 per delegates. To estimate the other cost elements, you are provided with the cost sheet for the two previous seminars. The general overheads would be the ongoing costs of providing the other facilities to hoist such event. The overheads include a fixed element and a charge out rate, to absorb overhead based on the traditional product costing. The participation fee per delegate will be Rs 3,000 Required: (a) Calculate the cost estimates if the expected number of delegates is 200, classifying the costs into both traceability and behaviour. (b) Calculate the number of delegates that should attend the seminar for your organisation to break even and state whether the event is likely to make a profit.

Answers

For the seminar on Covid-19 with 200 delegates, the cost estimates include traceable costs: consultant fee, administrator cost, printed materials; and general overheads. The break-even point is 52 delegates, indicating the event is likely to be profitable with 200 delegates.

(a) Cost Estimates for 200 Delegates:

Traceable Costs:

Consultant Fee: Rs 30,000 per day x 3 days = Rs 90,000

Administrator Cost: Rs 1,500 per day x 3 days = Rs 4,500

Printed Materials and Stationery: Rs 300 per delegate x 200 delegates = Rs 60,000

Behavior Costs:

General Overheads (Fixed Element): This cost will remain the same regardless of the number of delegates and is not directly traceable to the seminar.

(b) Break-even Analysis and Profitability:

To calculate the break-even point, we need to consider the total cost and the revenue generated by the participation fees.

Total Traceable Costs: Consultant Fee + Administrator Cost + Printed Materials and Stationery

= Rs 90,000 + Rs 4,500 + Rs 60,000

= Rs 154,500

Break-even Point (Number of Delegates):

Break-even Point = Total Traceable Costs / Participation Fee per Delegate

= Rs 154,500 / Rs 3,000

= 51.5 delegates

Since it's not possible to have fractional delegates, the organization would need at least 52 delegates to break even.

Profitability:

If the expected number of delegates is 200, the organization is likely to make a profit because the actual number of delegates (200) is significantly higher than the break-even point (52). The revenue generated from the participation fees of the additional delegates would exceed the total traceable costs, resulting in a profit.

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before executing a large block order, a trader recommends the same stock to many of the firm's clients who also purchase it. the trader's prohibited action is referred to as:

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Before executing a large block order, a trader recommends the same stock to many of the firm's clients who also purchase it. The trader's prohibited action is referred to as front-running. Thus, option (c) is correct.

A major transaction that is anticipated to have a significant impact on a security's price is called a "front-runner," and it is prohibited to trade stocks based on this knowledge.

This trader is giving the identical stock recommendation to a number of the firm's clients before placing a sizable block order, which gives them an unfair edge over other investors who do not have access to this information.

Due to the trader's use of knowledge that is not yet available to the public, front-running is regarded as an instance of insider trading and market manipulation.

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Your question is incomplete, but most probably the full question was.

Before executing a large block order, a trader recommends the same stock to many of the firm's clients who also purchase it. The trader's prohibited action is referred to as

A. Pegging

B. Making unsuitable recommendations

C. Front-running

D. Insider trading

1-Search the differences between a culture that you know and the Canadian culture in terms of Hofstede's model ?does culture affect workplace?set an example of your own ? What are the components of the canadian labor relation system? Question NO 3 Based on what you studied here, do you think that training for local jobs is similar to training for international jobs ? Set an example of your own, referring to the major differences between local and international training?

Answers

1. Differences between a culture you know and the Canadian culture in terms of Hofstede's model:

Hofstede's model of culture dimension comprises five dimensions, and there are several differences between the cultures that people know and Canadian culture in terms of these dimensions.

Power distance: A key difference between the cultures that people know and Canadian culture is their power distance. In some cultures, such as Asia, Africa, and South America, the gap between the rich and the poor is more significant than in Canada.

Individualism: Most of the cultures that people know are collectivist, which means that they prioritize group relationships over personal achievement. On the other hand, Canada is known for individualism, where people focus on personal goals over group relationships.

Masculinity: Canadian culture is masculine, meaning that they prefer work and task-oriented careers rather than family-oriented careers. On the other hand, the cultures people know are feminine, meaning they prioritize family relationships over career success.

Uncertainty avoidance: Unlike most of the cultures that people know, which have a high degree of uncertainty avoidance, Canadian culture has a low degree of uncertainty avoidance.

Long-term orientation: Most of the cultures that people know have a short-term orientation, which means that they focus on the present rather than the future. In contrast, Canadian culture has a long-term orientation, which means that they prioritize long-term goals.

Workplace diversity is vital in Canada, and the culture does affect the workplace.

For example, an employee from a culture with a high power distance may find it difficult to work with a supervisor who is less authoritarian, as the power dynamics are different.

2. Components of the Canadian labor relation system:

The components of the Canadian labor relation system are as follows:

Government laws and regulations.

Unions and employers' associations.

A grievance and arbitration procedure.

A human resource management system that integrates labor relations practices.

3. Local job training vs. International job training:

Training for local jobs and international jobs is different. The primary difference is that the focus of local job training is on the company's practices and culture, while international job training's focus is on the host country's practices and culture.

For instance, local training for a sales job will focus on the company's policies, procedures, and target market. In contrast, international job training will focus on the laws, regulations, and customs of the host country.

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in a standard costing income statement, favorable variances are cost of goods sold at standard cost. multiple choice question. added to equal to subtracted from

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Favorable variances are subtracted from cost of goods sold at standard cost. The Option C.

How are favorable variances treated in a standard costing income statement?

In a standard costing income statement, favorable variances are subtracted from the cost of goods sold at standard cost. This means that when actual costs are lower than the standard costs, it is considered favorable and the difference is deducted from the cost of goods sold.

This approach helps to assess the performance of the production process by identifying areas where costs are being controlled effectively and contributing to increased profitability. By subtracting, the income statement reflects the savings achieved due to efficient cost management.

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You have recently accepted the engagement to audit the financial
statements of Game (Pty) Ltd, after the retirement of the company’s
previous auditor from the auditing profession. The following
info

Answers

As a new auditor, it is your responsibility to ensure that the financial statements of a company are accurate and free from any material misstatements. In this case, you have accepted the engagement to audit the financial statements of a company whose previous auditor has been removed from the auditing profession.

The first thing you need to do is assess the reasons why the previous auditor was removed from the auditing profession. This will help you identify any risks that you need to be aware of when conducting the audit. For example, if the previous auditor was removed from the profession due to audit failures or misconduct, this may indicate a high risk that the financial statements contain material misstatements. In this case, you would need to perform more detailed testing and have a higher level of professional skepticism throughout the audit process.

You should also review the work performed by the previous auditor. This will help you to understand the company's accounting policies, internal controls, and any significant risks that were identified by the previous auditor. You should also communicate with the previous auditor to gain their insights into the company and the audit process. This can be particularly helpful in identifying areas that require additional attention or where the previous auditor may have had concerns.

You should also communicate with the company's management and those charged with governance to understand their expectations for the audit and any significant risks or issues that they are aware of. This will help you to tailor your audit procedures to the specific risks of the company and ensure that you are focusing on areas that are important to the company.

Finally, you should document your findings and conclusions throughout the audit process. This will help you to demonstrate that you have performed your audit in accordance with auditing standards and that you have obtained sufficient evidence to support your opinion on the financial statements.

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11-17 the following are the activity times for the project in problem 11-16. find the earliest, latest, and slack times for each activity. then find the critical path.

Answers

To find the earliest, latest, and slack times for each activity in the given project, we need to follow a few steps.

Identify the activities and their corresponding times. Calculate the earliest start and finish times for each activity.Next, we calculate the ES and EF for the remaining activities, using the following formula:ES = EF of the immediately preceding activity.EF = ES + Duration. Calculate the latest start and finish times for each activity.Next, we calculate the LS and LF for the remaining activities, using the following formula:LS = LF - Duration

Calculate the slack time for each activity.The slack time for an activity is the difference between its latest start time and earliest start time (LS - ES).The critical path is the longest path through the project, consisting of activities with zero slack time. It represents the sequence of activities that, if delayed, would delay the project completion. To find the critical path, identify the activities with zero slack time. In our example, let's say Activity A and Activity C have zero slack time. Therefore, the critical path would be A -> B -> C.

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Alison has worked continuously over several years for her London-based employer. She lives in London and travels a short bus journey to work each day. Her employer advises her that she is being transferred from an office in Holborn to one in Regent Street, pointing out that Regent Street is only a five-minute tube-train ride away from Holborn. However, Alison is terrified of trains and of being underground. She wants to stay at the Holborn office. She points out that there is no mobility clause in her employment contract and refuses the transfer. Her employer subsequently dismisses her. She feels that she should have been made redundant in the circumstances. What is the likely legal position here?
Alison can claim redundancy because her employer has ceased to carry on business at the location where she worked.
Alison can claim redundancy because her employer has restructured so that her job no longer exists.
Alison has been constructively dismissed in circumstances that make her redundant because of the upheaval caused by the transfer.
Alison cannot claim for redundancy in these circumstances.

Answers

Based on the given information, the likely legal position in this scenario is that Alison cannot claim for redundancy in these circumstances.

Redundancy typically occurs when an employee's job no longer exists due to the employer ceasing to carry on business at the location where the employee worked or due to restructuring. However, in this case, Alison's employer has not ceased to carry on business or restructured in a way that eliminates her job.

Alison's refusal to transfer and her subsequent dismissal may be considered a constructive dismissal, which occurs when an employer fundamentally breaches the employment contract, and the employee feels forced to resign as a result. However, constructive dismissal does not automatically make an employee redundant. Redundancy is a specific concept related to the elimination of a particular job role or a reduction in the need for employees in that role.

In this scenario, Alison's refusal to transfer and subsequent dismissal may be evaluated in terms of unfair dismissal or breach of contract rather than redundancy. The legal position regarding those aspects would depend on the specific employment laws and regulations in the relevant jurisdiction.

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Wright 800 words about Canadian Employee Perspectives on
Disability Management

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Canadian Employee Perspectives on Disability Management. It is very important for an employer to properly manage an employee with a disability.

The disabled employee is entitled to the same opportunities as any other employee. If you manage a disabled employee in the same way as you would any other employee, you will gain the loyalty and trust of the disabled employee.

In this article, we will discuss the perspectives of Canadian employees on disability management. Canada has a very diverse population and the disabled is also very diverse. However, there are some common perspectives that Canadian employees have on disability management.  

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Welcome to Springfield! Homer Simpon ha decided to tart a new buine. Again. What could go wrong?

But, good new, thi time he’ hired Dingu and Zazzy to help! Homer ha decided to tart a ferret farm - o

that everyone can have a pet ferret. Come up with at leat five thing that D&Z could do to help Homer with

hi new ferret farm!

Answers

Homer Simpson's decision to start a ferret farm with the help of Dingu and Zazzy certainly promises some interesting adventures. Here are five things Dingu and Zazzy could do to assist Homer with his new ferret farm:

Dingu and Zazzy have the potential to be named as the designated ferret handling experts. They can get practical instruction in managing and interacting with the ferrets while also learning about ferret care, behaviour, and training. Their knowledge can aid in ensuring the ferrets' pleasure and welfare and offer assistance to potential consumers.

Marketing and Promotion: Dingu and Zazzy may handle the ferret farm's marketing and promotion. To publicise the farm, they can construct a website, make eye-catching flyers, and make use of social media sites. Numerous clients who are interested in owning a pet ferret may be drawn to them by their innovative ideas and upbeat dispositions.

Dingu and Zazzy can utilize their creative talents to create and construct ferret habitats that are safe, spacious, and entertaining. To provide the ferrets with an interesting and stimulating environment, the habitats can include entertaining tunnels, climbing frames, and interactive toys.

Dingu and Zazzy may be in charge of providing customer service and teaching future ferret owners. They may offer advice for successful ferret ownership as well as information on ferret care, diet, and health requirements. Their enthusiasm for ferrets and amiable demeanour can make for a warm and enlightening experience for clients.

Regular ferret training demonstrations are a great way for Dingu and Zazzy to show off their abilities as trainers. They are able to instruct the ferrets in a variety of tricks, agility drills, and fundamental obedience instructions. These demonstrations can not only amuse guests but also show off the ferrets' intellect and trainability, enticing possible buyers to adopt one.

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When a store sells an item to a​ customer, the store transfers possession from the store to the consumer. Which type of utility does this best​ describe?
A.
Place utility
B.
Time utility
C.
Possessor utility
D.
Value utility
E.
Ownership utility

Answers

When a store sells an item to a​ customer, the store transfers possession from the store to the consumer. The utility is E. Ownership utility.

When a store sells an item to a customer and transfers possession from the store to the consumer, it best describes ownership utility. Ownership utility refers to the value or satisfaction that a customer derives from owning a product or having physical possession of it.

By purchasing the item, the customer gains ownership and control over the product, allowing them to use it, benefit from it, or dispose of it as they see fit. This transfer of possession creates ownership utility as it fulfills the customer's desire to possess and control the product.

The other types of utility mentioned are:

A. Place utility: The convenience and accessibility of a product or service to customers in the desired location.

B. Time utility: The availability of a product or service when it is needed or desired by customers.

C. Possessor utility: The ability to physically handle or touch a product before making a purchase decision.

D. Value utility: The perception of a product's worth or value based on its features, quality, and price.

While these types of utility are important in the overall customer experience, the specific scenario described in the question relates to the transfer of possession, which aligns with ownership utility.

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