st. louis - a st. louis circuit court jury has ruled that laclede gas co. owes a $4.5 million judgment to the parents of a man who died of burns he suffered in a natural gas explosion at his home.19 aircraft in St. Louis
20 aircraft in Dallas.
In the beginning, we had 16 planes in Dallas, 24 planes in St. Louis, and 20 planes in Los Angeles.
Los Angeles has 20% of its aircraft flying to St. Louis, or 0.20 * 20 = 4.There are 4 flights from Los Angeles to St. Louis and 10% to Dallas, for a total of 2 flights: 0.10 * 20.25% of the aircraft in St. Louis have flights to Los Angeles.There are 6 flights each day from St. Louis to Los Angeles, or 0.25 * 24.and 50% of them fly to Dallas, for a total of 12 flights from St. Louis to Dallas. 18 aircraft depart St. Louis. 12.5% of Dallas-based aircraft have flights to Los Angeles.2 flights fly from Dallas to Los Angeles and 50% fly to St. Louis (0.125 * 16 = 2); 0.5 * 16 = 8.Dallas to St. Louis is served by 8 aircraft.10 aircraft depart from Dallas.
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revenue $ 0 $ 30.90 wages and salaries $ 3,400 $ 6.90 food and supplies 800 11.70 facility expenses 8,400 3.90 administrative expenses 8,200 0.30 total expenses $ 20,800 $ 22.80 actual results for february: revenue $ 108,180 wages and salaries $ 23,540 food and supplies $ 36,794 facility expenses $ 19,290 administrative expenses $ 9,148The overall revenue and spending variance (e, the variance for net operating Income in the revenue and spending variance column on the flexible budget performance report for March would be closest to: Multiplo Choice $734U $1219 0 O $1219 F $734 F Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During March, the kennel budgeted for 3,500 tenant-days, but its actual level of activity was 3,550 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March: Data used in budgeting: Pixed Variable element element per per month tenant-day Revenue 0 $ 34.40 Wages and salaries $ 2,400 $ 7.40 Food and supplies 1,400 13.90 Facility expenses 7,900 2.90 Administrative expenses 6,400 0.50 Total expenses $ 18,100 $ 24.70 Actual results for March Revenue $ 119,125 Wages and salaries $ 28,540 Food and supplies $ 51,125 Facility expenses $ 17,250 Administrative expenses $ 7,094 The overall revenue and spending variance (ie, the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for March would be closest to: Multiple Choice $7340 $1.219 U $1.219 F
The answer is $1.219 U. Option C.
Solution:-
It is Unfavorable because the Overall net income in Actual is less than the flexible budget.
Budget variance is an accounting term for when actual costs are higher or lower than standard or forecast costs. An unfavorable or negative budget variance indicates a budget shortfall. This may be due to a lack of revenue or higher-than-expected costs.
Variance is good if the actual result makes the net profit higher than the budgeted net profit higher than budgeted and lower than the budgeted. If the actual net income is lower than planned less income than planned and/or higher costs than planned deviation is undesirable. In accounting variance simply refers to the difference between plan and actual.
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For a given labor demand curve, which of the following is not held constant?
A. the production function
B. the price of the input
C. the productivity of labor
D. the price of labor
Labor is one of the main factors of production in Economics and is a vital component to any production function. Labor can be thought of as the necessary input required from humans in order to produce goods and services (e.g. assembly line workers).
For a given labor demand curve, the production function is not held constant.
The labor demand curve illustrates the number of people that companies are willing to recruit when the salary is set at a particular level. A movement to the right on the labor demand curve is an indicator of rising labor demand. The curve swings to the left if demand declines.
Plot the marginal revenue product of labor you computed above on a labor demand schedule or graph that has the number of employees on the X axis and net revenue, after deducting wages, on the Y axis to arrive at your labor demand curve. This is the firm's labor demand curve based on the marginal revenue product of labor.
Hence the correct option is A
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businesses often choose to personal property, especially equipment, where the business gets to use the property for a fixed time-period in exchange for monthly payments.
Businesses often choose to lease personal property, especially equipment, where the business gets to use the property for a fixed time-period in exchange for monthly payments.
Which of the ensuing properties falls under the commercial category?Office buildings, hospitals, hotels, shopping malls, retail stores, multifamily housing structures, farmland, warehouses, and garages are all examples of commercial property. For the purposes of borrowing money and taxes, residential property with more than a specified number of units qualifies as commercial property in several jurisdictions.
The word "intellectual property," sometimes known as "IP," refers to a wide range of intellectual works, including inventions, computer programs, books, works of art, films, music, and website designs. Trademarks, copyrights, patents, and trade secrets are the four main legal mechanisms for IP protection.
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a bank recognizes a gain upon securitizing receivables because multiple choice question. the present value of the securities sold to the investors is calculated at a lower interest rate. the book value of the receivables exceeds the proceeds received from the investors. the present value of the securities sold to the investors is less than the book value of the receivables. it treats the securitization as a collateralized borrowing.
When receivables are packaged into securities and sold to investors, a bank gains because the current value of a securities is estimated at a lower interest rate.
Where can I keep money if I don't have a bank account?Prepaid cards are one method of money storage. Cash can be placed onto prepaid cards. Most larg businesses corner shops, and gas stations carry one. When you do not have a bank-issued bank card or even a credit card, these cards might be a terrific method to keep cash and conduct online transactions.
Why is it called a bank?Since Italian merchants inside the Renaissance formed agreements to borrow & lend money next to a bench, the word bank is derived from the Italian word banco, which means bench They set up the.
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at a certain company, loan agents are paid based on the number of loans they close in a day. based on company records, the number of loans x that a randomly selected loan agent closes on a randomly selected day has the probability distribution below.x1234567p(x)0.050.100.220.300.180.120.03at the company, the daily salary of a loan agent is $150 plus $50 per loan closed. let y represent the amount of money made by a randomly selected loan agent on a randomly selected day. which of the following statements is not true?
The rejoinder Which of the preceding propositions is not true reveals that the average daily wage exceeds $350.
What else do you mean by a loan?A sort of obligation that a people or other entity accrues is a loan. Its lender, which is often a company, higher education institution, or the government, advances money to the borrower.
What are a loan and credit?A credit is granted to the customer either by bank which can be used even though the consumer recognizes fit—either using the current sum loaned, a part of it, or nothing and. In comparison to a loan, which delivers the entire balance requested at once once it is issued.
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adam owes $125,000 on his home. it's currently worth $340,000. how much equity does adam have in his home?
Adam owes $125,000 on his home. It's currently worth $340,000. $215,000 is the equity does Adam have in his home.
What does equity mean in financial terms?Equity is the value that would be given back to a company's shareholders if all of the company's assets were sold off and all of its debts were settled. Another way to conceive of equity is as the amount of ownership that remains in a company or asset after all associated debts have been paid off.
What Distinguishes Cash from Equity?Cash is a form of currency that may be utilized for transactions right now, as opposed to equity, which must wait. This could involve investing in stocks, real estate, a car, food, etc. The cash worth of an asset is its equity, which is not yet converted into a currency.
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Which of the following would most likely be enforceable?
a. A debt agreed to seven years ago in a state where the statute of limitations is six years.
b. An agreement supported by past consideration.
c. A substitute agreement to settle an undisputed debt.
d. A promise following the rendering of emergency services that is not supported by new consideration.
Which of the following would most likely be enforceable?
C. A substitute agreement to settle an undisputed debt.
Undisputed debt - what is it?
An undisputed debt claim is one where there is no dispute regarding the unpaid invoice and no need for enforcement action. The points you need to think about in relation to legal fees and other expenses for these claims are outlined below. Our legal fees include every task necessary to handle your case from beginning to end.
A debt that is disputed refers to one that is owed by a customer who the seller is aware of or should have known was disputing or was likely to contest its obligation to pay the debt in full or by the expected payment date.
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We are an organization that strongly supports the 2nd amendment and we prepare responsible american gun owners to avoid danger, save lives, and keep their loved ones safe. How does our mission resonate with you?.
As an organization that strongly supports the 2nd amendment by preparing "responsible american gun owners to avoid danger, save lives, and keep their loved ones safe", the mission of this entity resonates because the society had recent problems with wrong handle of guns, instead of for protection.
What does the 2nd amendment provides?The Second Amendment to the U.S. Constitution states: "A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed".
Its aims at protecting an individual right to possess a firearm unconnected with service in a militia and to use such arm for lawful purposes such as self-defense within the home.
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which report summarizes the overall financial worth of an organization, such as assets and liabilities, at a specific point in time?multiple choice question.
A balance sheet describes an organization's whole financial position, including its assets and liabilities, at a particular point in time.
What are Financial Statements?Financial statements are written records that outline a company's operations as well as its financial success. Government organizations, accounting firms, and other entities frequently audit financial statements to assure their accuracy and for reasons related to taxes, financing, or investment.
What is a balance sheet?A balance sheet is a financial statement that lists the assets and liabilities of a corporation at a certain point in time. It is one of the three primary financial statements—the other two being the income statement and cash flow statement—that are used to assess a company's performance.
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the providers at abc family medicine provide the codes for their services to the billing department. the compliance plan requires a review of the coding once a month. what is this an example of? a. a work plan b. monitoring c. internal review d. auditing
The purpose of this compliance program guidelines is to help individual and small group physician practices (hereafter referred to as "physician practices") 1 create a voluntary.
What factors will determine the compliance program's scope?The size and resources of the provider practice will determine the extent of the compliance program. Based on good current practice, the minimum necessary rule states that protected health information should not be used or disclosed unless absolutely necessary to achieve a specific goal or perform a specific function.
What does a compliance plan serve?Key Learnings. A company's personnel must abide by all applicable rules and regulations, which are ensured through compliance programs that lay out a set of standards and best practices. Compliance programs assist businesses in safeguarding their reputation against controversy.
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in 2018, a wind farm developer was ordered to dismantle its newly constructed wind turbines after adjacent residents filed a lawsuit complaining that they never consented to the loud noise and visual obstructions of the turbines. how could the wind farm developer have utilized insights from the coase theorem to avoid its legal troubles and ultimately wasting millions of dollars on wind turbines it never got to operate? select all situations that would apply. the developer could have asked the government to set a quota on electricity generation for the wind farm so there would be down time from the noise. the developer could have paid people living near the wind farm a stipend for putting up with the noise and the restricted views. the developer could have petitioned the local and state government to fund the wind farm. the developer could have invested in improved infrastructure for power generation to lower residents’ electricity costs as well as to promote the use of wind farms.
The developer could have paid people living near the farm a stipend for putting up with the noise and restricted views. Option (b) is correct.
Developers of wind energy look for possibilities and suitable locations to erect large-scale wind energy facilities. They oversee the product's design, production, and marketing as well.
The developer may have made investments in better power generation infrastructure to reduce homeowners' electricity expenses and to encourage the usage of wind farms.
A renowned power engineer named Maneklal Sankalchand Thacker launched a project with the Indian Council of Scientific and Industrial Research (CSIR) in December 1952.
Therefore, Option (b) is correct.
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Which of the following statements about a change in reporting entity are true? (Select all that apply.)
Check All That Apply
A change in reporting entity occurs as a result of changing specific companies that constitute the group for which consolidated or combined statements are prepared.
A change in reporting entity occurs as a result of changing specific companies that constitute the group for which consolidated or combined statements are prepared.
For changes in entity that result from changes in accounting rules, the prior-period financial statements that are presented for comparative purposes must be restated to appear as if the new entity existed in those periods.
For changes in entity that result from changes in accounting rules, the prior-period financial statements that are presented for comparative purposes must be restated to appear as if the new entity existed in those periods.
When one company acquires another one, the prior-period financial statements that are presented for comparative purposes must be restated to appear as if the new entity existed in those periods.
When one company acquires another one, the prior-period financial statements that are presented for comparative purposes must be restated to appear as if the new entity existed in those periods.
When there is a change in reporting entity, disclosure note is not required.
The statements about a change in reporting entity are true is A change in reporting entity occurs as a result of changing specific.
A reporting entity is any entity (including business entities) that can reasonably be expected to have users who rely on common financial reports for information that aids decision-making and evaluation of scarce resource allocations. is.
A reporting entity is an entity that is required or elects to prepare financial statements. A reporting entity may be a single entity, part of an entity, or include multiple entities (consolidated reporting). A reporting entity is typically, but not necessarily, a legal entity.
The definition of reporting entity is primarily based on the concept of financial accountability. The primary government is financially responsible for the organizations that make up its legal entity.
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The use of _________ can result in employee resistance and other forms of dysfunctional behavior on the part of the follower.
Position power
coercive power
reward power
legitimate power
The use of legitimate power can result in employee resistance and other forms of dysfunctional behavior on the part of the follower. So, the correct answer is option d.
The manager's position within the company and the authority that comes with it give rise to legitimate power. The genuine authority that comes with holding a position of leadership within an organisation is acknowledged by subordinates.
Employees of a management voluntarily comply with requests made of them because they feel the manager has the right to make those decisions. Kelly is aware that Jack, her boss, has the authority to grant or deny her request for personal time off, for instance, when she asks him to do so. Kelly must obey Jack's choice regardless matter what it is.
When subordinates behave in a way that meets or exceeds performance objectives, managers have the authority to reward those subordinates.
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Answer: coercive power
Explanation: use of force breeds resistance
wes, who is an art collector, offered to buy a print from le monde gallery. le monde balked at the price, sending wes a letter of rejection. that day it discovered that the print was not as highly valued as originally thought. le monde immediately telephoned wes to accept his offer. is there a contract?
He learned that day that the print wasn't as valuable as he had first believed. Le Monde contacted Wes right away to accept their offer. Because acceptance happened before rejection, there is a contract.
An agreement between parties that creates a legally binding obligation on each other is known as a contract. Legal offer and acceptance, the consent of both parties as demonstrated by appropriate consideration, competence and legality, and the consent of both parties are fundamental requirements for an agreement to be reached. becomes a legally binding contract.
The main function of a contract is to formally establish new relationships and to impose a variety of legal obligations that each party has to the other. Today, companies rather than individuals negotiate most contracts.
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lawrence corporation is considering the purchase of a new piece of equipment. when discounted at the cost of capital of 8%, the project has a net present value of $24,610. when discounted at rate of 11%, the project has a net present value of $(28,980). the internal rate of return of the project is:
The internal rate of return of the project is 9.71%.
The internal rate of return (IRR) is the rate of return at which the present value of the cash inflows equals the present value of the cash outflows.
We can use the IRR formula to calculate the internal rate of return of the project.
The formula is written as:
NPV = 0 = C0 + C1/(1+r)^1 + C2/(1+r)^2 + ... + Cn/(1+r)^n
Where:
NPV = Net Present Value
C0 = Initial Investment
C1, C2, ..., Cn = Cash Flows in Year 1, 2, ..., n
r = Internal Rate of Return
n = Number of Years
IRR = [(-28,980 + 24,610) / (-28,980)]1/3 – 1
IRR = 9.71%.
Therefore, the internal rate of return of the project is 9.71%.
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The development team at an e-commerce company is preparing for the upcoming Thanksgiving sale. The product manager wants the development team to implement appropriate caching strategy on Amazon ElastiCache to withstand traffic spikes on the website during the sale. A key requirement is to facilitate consistent updates to the product prices and product description, so that the cache never goes out of sync with the backend.
As a Developer Associate, which of the following solutions would you recommend for the given use-case?
Have used a caching strategy as a Development Associate to write to a backend first, then expire the cache.
How would you define a strategy?A plan explains the steps that will be taken to achieve the objectives (goals) (resources). A pattern of behavior that develops as the organization competes and adapts towards its environment might be considered a strategy. It entails tasks like strategic planning thought.
How does a strategic analysis work?Choose your strategic stance. Set goals in order of importance. Put together a strategy plan. Manage and carry out your plan. Examine and update the plan. A strategy defines the long-term focus and direction of an organization. Through the effective allocation of resources, it aids a business in gaining an edge over rivals.
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when an economy is temporarily operating at an output that is beyond its full-employment rate, group of answer choices excess supply in resource markets will eventually lead to lower resource prices, which will decrease costs and direct the economy toward full employment. excess demand in resource markets will lead to higher resource prices, which will increase costs and direct the economy toward full employment. lower wages and prices will quickly restore full employment. only restrictive fiscal policy will direct the economy back to full employment.
When an economy is temporarily operating at an output that is beyond its full-employment rate, then resource markets will experience excessive demand because increased resource prices will increase costs.
There is no cyclical or demand-deficient unemployment while the economy is at full employment. Because other types of unemployment, such as structural and frictional, may persist, full employment does not mean that all unemployment will be gone.
The maximum amount of both skilled and unskilled labor that can be employed at any given time in an economy is full employment.
The basic definition of full employment is when everyone who wants to work can find employment at the market rate. This would imply that there is no unemployment since people who are unwilling to work shouldn't be listed as unemployed.
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Several years ago, Tamika Company issued bonds with a face value of $603,000 at par. As a result of declining interest rates, the company has decided to call the bond at a call premium of 7 percent over par.
Required:
Record the retirement of the bonds.
Bond retirement is also known as bond reimbursement. The equalization will be repaid with interest on the reimbursement date.
When recording bond retirements, use a discount account:Bonds are assumed to be worth $603,000, and their current book value is estimated to be $645,210. T will be paid back with a 7% premium. $42,210 is the total ($603,000 x 7%). The bond guarantor must give the investor $65,210 ($603,000 + $42,210) on the date of reimbursement. The $42,210 excess payment should be viewed as bad luck for the bond call.
Here are the journal entries to reflect bond retirement:Bonds payable are debited by $603,000
Debit: $42,210 is the loss on bond call.
Citation: Cash $642,210 = [$603,000 x (1 + 0.07)]
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bagrov corporation had a net decrease in cash of $16,000 for the current year. net cash used in investing activities was $58,000 and net cash used in financing activities was $44,000. what amount of cash was provided (used) in operating activities?
Bagrov corporation had a net decrease in cash of $16,000 for the current year. $86000 was provided (used) in operating activities.
Net decrease in cash = Net cash provided in operating activities- (Net cash flow from investing activities + Net cash flow from financing activities)
-$16,000 =Net cash provided in operating activities - ($58,000+ $44,000)
-$16,000 = Net cash provided in operating activities - $102,000
Net cash provided in operating activities= $86,000
What are the cash flow statement's operating activities?
The amount of money a business earns from ongoing, routine business operations, such as producing and selling products or offering clients a service, is known as cash flow from operating activities. It is shown as the first portion of the cash flow statement for a corporation.
Where are investmenting activity?
Long-term asset acquisition or disposal are considered investing activities. This can apply to the acquisition of marketable securities, the sale of a building, or the acquisition of a business vehicle.
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will, jill, and phil are all wheat farmers. the wheat industry is perfectly (purely) competitive. the first chart shows how much each farmer produces at different price levels. the second chart shows each farmer's minimum average total cost (atc), average variable cost (avc), and marginal cost (mc). based on this data (assuming these three are the only producers), plot the industry supply curves: one for the short and a second for the long run.
Short-run Quantity Supplied
Price, $ Will Jill Phil
2.00 4 2 0
4.00 6 4 2
6.00 9 5 4
8.00 12 8 6
Firm Will Jill Phil
Minimum ATC, $ 2.50 5.00 7.00
Minimum AVC, $ 1.00 2.00 2.50
Minimum MC, $ 0.50 1.00 2.00
Supply curve
The supply curve is a graphical depiction of the market supply of products and services sought by customers and released by the manufacturer to meet those demands. Thus, a supply curve depicts the connection between the price of an item or service and the amount delivered over a specific period.
The market supply of goods and services that consumers want and that producers release to satisfy those wants are represented graphically by the supply curve. Consequently, a supply curve shows the relationship between the cost of an item or service and the volume delivered over time.
P=MC represents the short-run supply, where P is bigger than the AVC (i.e., above AVC minimum). The following table shows the short-run supply.
Price Will Jill Phil Total (Short-term Supply)
$2 4 2 0 6
$4 6 0 0 12
$6 9 5 4 18
$8 12 8 6 26
The total of all three production levels at each price would represent the short-term supply.
Long-term supply would be kept to a bare minimum by the ATC. The table would appear as follows:
Price Will Jill Phil Total (Short-term Supply)
$2 0 0 0 0
$4 6 0 0 6
$6 9 5 0 14
$8 12 8 6 26
When the lowest (possible) price exceeds ATC's lowest (possible) price, there will be a long-term supply. This is how the graph would appear. (Graph is attached in the image section)
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David Ricardo is the first great classical economist to detect, sharply, the line of demarcation between intranational and international trade, not on the basis of equal or absolute, but comparative differences between nations. O True O False
This is a true statement. David Ricardo, a well-known classical economist, was the first to distinguish between intranational and international trade in a distinct manner by emphasizing comparative rather than absolute, rather than equal, disparities between states.
What was deserving of the name David Ricardo?David Ricardo lived from 1772 until 1823. The eminent British economist David Ricardo was a significant contributor to the development of economic theory. In the creation and elaboration of the "Classical" theory of political economy, he was incredibly exact. In the 19th century, Ricardo's legacy had a big impact on economic theory.
Ricardo presented a convincing argument in favor of free trade at a time when it was a divisive political topic. According to reports, in a system of entirely free trade, each country would naturally concentrate its resources on initiatives that benefited it the most.
According to Ricardo's well-known comparative advantage thesis, countries can obtain a trade advantage by concentrating on producing items that have the lowest opportunity costs in compared to those of other countries.
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identify the features of a drop-off survey. (check all that apply.) multiple select question. completed surveys are picked up by a representative of the researcher or returned by mail. completed surveys are almost immediately analyzed by a representative of the researcher. complex or confusing survey questions can be clarified by a representative of the researcher. survey forms are hand-delivered to respondents by a representative of the researcher.
In drop off survey, d) survey forms are hand-delivered to respondents by a representative of the researcher.
In this survey, a representative of the researcher hand-delivers a self-administered questionnaire to selected respondents. Drop-off surveys have a higher response rate than mail-out surveys, but they take more time to complete.
Although online and mobile polls are frequently the least expensive survey research methods, they might not reach respondents who can only participate in other ways. If significant respondents are excluded from the study, the results of online and mobile surveys may suffer and differ significantly.
Using more conventional techniques, like paper surveys or in-person interviews, may make it simpler to reach difficult-to-reach respondents. The completed forms are either mailed or picked up again at a later time and returned to the researcher.
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under agency theory, a manager should seek to align between principals and agents to minimize opportunism. multiple choice question. work schedules educational backgrounds disciplinary actions incentives
Under agency theory, a manager should seek to align disciplinary actions incentives between principals and agents to minimize opportunism.
The focus of agency theory is on interactions between parties where one assigns some decision-making authority to the other. In certain circumstances, one party gives another party authority to make choices on their behalf. For example, the "principal" and "agent" in a modern corporation would be a shareholder and management, respectively. In exchange for an incentive, such as a fee, the principle would grant the agent some decision-making power, and the agent would then be in charge of maximizing the principal's investment. There are other agency relationships as well, including those between employers and workers, professionals like lawyers and doctors and their patients, and public servants and citizens. Delegation in corporate settings frequently takes the form of a formal contract.
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MBP Company has 10,000 shares of $10 par preferred stock, which were issued at par. It also has 250,000 shares of common stock outstanding, and its total stockholders' equity equals $4,000,000. The book value per common share is Multiple Choice $16.67 $16.00 $40.00 O $15.60 $10.00
Book Value per Share + Stockholders' Equity Applied to Common/Common Shares $10 divided by 10,000 shares equals $4,000,000 in outstanding book value per share. /250,000 = $15.60/share
The definition of "Book Value"When calculating the asset's depreciation, businesses deduct the carrying expense from the asset's book value. Book value can also be referred to as net asset value (NAV) because liabilities and intangible assets (such as goodwill and patents) are deducted from the total assets of a firm to get its NAV. The initial investment's book value may be gross or net of costs including trading commissions, sales taxes, service fees, and other fees.
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Assume Durango Co. has sales of $100,000 for the month of November. The company expects sales to grow 10% each month. Durango Co. collects 60% of sales in the month of sale and 40% in the month after sale. What should Durango Co. project for cash collections in December?
For cash collections in December, Durango Co. should predict $106,000.
What happens in a sale?Sales are the processes involved in completing a transaction or the quantity of items dispersed over a set time period. A sale is also considered to have occurred if a service was provided in exchange for money. Any acquisition, appropriation, requisition, or direct connection with the customer at the point of sale constitutes the completion of a transaction by the seller or supplier of the products or services.
The title (property or ownership) of the item is transferred and the price is settled once a price has been agreed upon for which the transfer of ownership will take place. The transaction will frequently be carried out by the seller rather than the buyer, and there are instances where this occurs before the buyer needs to make a choice.
December's sales = November's sales of $100,000 X 1.1
=$110,000
December's cash receipts:
November's sales $100,000 X 0.4 = $40,000
December's sales = $110,000 X 0.6 = $66,000
Total Collections = $40,000 + $66,000= $106,000
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if a competitive firm hires another full-time worker, total output will increase from 100 units to 110 units per week. suppose the market price of output is $25 per unit.what is the maximum weekly wage at which the firm would hire that additional worker?
The maximum weekly wage at which the firm would hire that additional worker is $250.
With a market price of $25 and 110-100 units produced, the additional worker gave the company 10 extra units.
Therefore, 10 * $25 = $250 is the marginal revenue product of labour.
What is marginal revenue?
The increase in revenue that comes from selling one more unit of output is known as marginal revenue. Although marginal revenue can remain constant at a certain level of output, it will eventually start to decline as the output level rises due to the law of diminishing returns.
Is marginal profit the same as marginal revenue?
The additional expense or profit made when producing the following unit is referred to as marginal. While marginal cost is the additional cost for producing one extra unit, marginal product is the additional income earned. The difference between marginal cost and marginal product is known as marginal profit.
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lopez company is considering replacing one of its old manufacturing machines. the old machine has a book value of $47,000 and a remaining useful life of four years. it can be sold now for $57,000. variable manufacturing costs are $45,000 per year for this old machine. information on two alternative replacement machines follows. the expected useful life of each replacement machine is four years. machine a machine b purchase price $ 123,000 $ 136,000 variable manufacturing costs per year 18,000 14,000 (a) compute the income increase or decrease from replacing the old machine with machine a. (b) compute the income increase or decrease from replacing the old machine with machine b. (c) should lopez keep or replace its old machine? (d) if the machine should be replaced, which new machine should lopez purchase?
The income increase from replacing old machine with Machine A is $21,800.
What is an income?Income, which generally refers to an entity's capacity to save and consume money over a specific period of time, is expressed in monetary terms. Income is a difficult concept to define, and different sectors could have different definitions. According to tax law, income is a total that accounts for all wages, salaries, profits, interest payments, rent, and other types of earnings that families and individuals in the United States receive over the course of a year. Discretionary income is sometimes defined as gross income minus taxes and other deductions in order to compare the well-being of taxpayers. In the subject of public economics, the concept of consuming ability may include the accumulation of both monetary and non-monetary resources, with the latter serving as a proxy for total income.
New income= ($56,400 - $44,600 + $10,000)
= $21,800
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what manufactured products are produced in pakistan and bangladesh what manufactured products are produced in pakistan and bangladesh
Garments, technology, textiles are the manufactured products produced in pakistan and bangladesh.
A product is an object, or system, or carrier made available for customer use as of the purchaser call for; it's far anything that can be offered to a market to satisfy the choice or want of a client.
A product is any item or carrier you promote to serve a consumer's want or need. They may be physical or digital. physical merchandise include long lasting goods (like vehicles, fixtures, and computers) and nondurable items (like meals and drinks).
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what would be the effect on operating income of accepting a special order for units at a sale price of per product?
A special order will only result in a gain in net operating income if the revenue it generates outweighs the additional costs it incurs.
Which should I think about before accepting a special order?Before deciding whether to accept a certain order, management must take into account a variety of factors, including the amount required to complete the order. if the buyer's suggested price will cover the production costs.
What does "special order decision" mean?The management of a corporate organisation makes special order decisions while deciding whether or not to process an unusual request from the customers. Typically, a request for a cheaper price on an order in quantity or that is customised is involved.
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joan's creations reports net income of $630,000. depreciation expense is $48,000, accounts receivable increases $12,000, and accounts payable decreases $28,000. calculate net cash flows from operating activities using the indirect method. (amounts to be deducted should be indicated with a minus sign.)
The net cash flows from operating activities to Joan's creations, given the depreciation and accounts receivables would be $ 638, 000
How to find the net cash flows ?The net cash flows from operations involves all the cash transactions related to the day to day operations of the business including accounts receivable and payables.
The net cash flows from operating activities using the indirect method is:
= Net income + Depreciation expense - Accounts receivable increase - Accounts payable decrease
= 630, 000 + 48, 000 - 12, 000 - 28, 000
= $ 638, 000
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