Answer:
0.99
Explanation:
According to the given question, we need just only1% of orders to take longer than the specified time.
So, proportion = 1%
= 1/100
= 0.01.
It's possible to write it as P( X ≥ a) 0.01
We are aware that total area = 1
As a result, if the 0.01 proportion of orders is more than a, then;
The remainder will be less than or equal to a (1 - 0.01 = 0.99).
Therefore, P(0 ≤ x ≤ a) = 0.99
State 3 advantages in setting up a business in Maldives?
Answer:
1. No restrictions on sending their earning profit to their own country
2. It takes maximum of 30 days to complete the entire process of company registration in Maldives
3. The government encourages projects that are environmentally friendly
Prom Dresses: We are going to make 2 new styles of prom dresses for the new prom season: the sleeveless chiffon and the 2-piece taffeta. The chiffon dress requires 2 hours of sewing, and 2 hours of alterations. The taffeta dress requires 2 hours of sewing and 1 hour of alterations. There are no more than 24 hours available for sewing and no more than 20 hours available for alterations. The price of the chiffon dress is $375, and the price of the taffeta dress is $350. How many of each dress should be made to produce maximum income
Answer and Explanation:
a. The variable could be defined in the following way
Let us assume the number of chiffon dress be x
And, the number of tafetta dress be y
b. The objective function is to increased the income
So,
Maximize z = 375x + 350y
c. The constraints is
2x + 2y≤24 (sewing hours)
2x + y ≤20 (alterations hours)
x,y≥0 (non-negativity)
The same should be considered
Which regulation helps ensure that employees get pensions and other welfare benefit plans from their employers?
A.
Occupational Safety and Health Act
B.
Workers’ Compensation Program
C.
Fair Labor Standards Act
D.
Employee Benefit Security
D. Employee Benefit Security.
Nathan, George, and Bill have formed a partnership and the partnership agreement states that Nathan will receive 40% of the profits and George and Bill will share the remainder equally. During the current year, the partnership earns $120,000. What is the closing entry to record the allocation of partnership income
Answer:
Profits will be distributed in the following way:
Nathan will receive $120,000 x 40% = $48,000
George will receive $120,000 x 30% = $36,000
Bill receive $120,000 x 30% = $36,000
Total = $120,000
Journal entry
Dr Income summary 120,000
Cr Capital, Nathan 48,000
Cr Capital, George 36,000
Cr Capital, Bill 36,000
A company bought machinery on January 1, 2016, for $200,000. On January 1, 2018, the machinery had a book value of $100,000. It is estimated that the machine will generate future cash flows of $70,000 and its current fair value is $60,000. How much impairment loss should be recorded
Answer:
The impairment loss that should be recorded is:
= $40,000.
Explanation:
a) Data and Calculations:
Cost of machinery on January 1, 2016 = $200,000
Book value of machinery on January 1, 2018 = $100,000
Estimated future cash flows from the machinery = $70,000
Estimated fair value of the machinery = $60,000
Impairment loss to be recorded = Book value Minus Fair Market Value
= $40,000 ($100,000 - $60,000)
b) The impairment loss is calculated as the difference between the asset's carrying cost of $100,000 and the lower market value of $60,000 instead of $70,000.
In the business cycle, which term best fits the labeled point on the graph?
A. Trough
B. Contraction
C. Peak
D. Expansion
Answer:A. Trough
Explanation:
In the business cycle, the term that best fits the labelled point on the graph is called the trough. The correct option is a.
What is a trough?A trough, in economic terms, can refer to a stage in the business cycle where activity is bottoming, or where prices are bottoming, before a rise. The business cycle is the upward and downward movement of gross domestic product and consists of recessions and expansions that end in peaks and troughs.
A trough is marked by conditions like higher unemployment, layoffs, declining business sales and earnings, and lower credit availability. After the trough, recovery and expansion begin. The actual trough can only be identified in hindsight. The business cycle moves in five phases: expansion, peak, contraction, trough, and recovery. The trough is the bottoming process of moving from contraction, or declining business activity, to recovery, which is increasing business activity.
Economists use several metrics to track the economic cycle throughout its various phases.
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EUR Spot Price $1.3579 $1.3527 $1.3588 $1.3580 July EUR Futures Contract Price $1.3750 $1.3782 $1.3827 $1.3713 The profit / loss posted to your account at the close of 3/02 is:.
Answer:
$2,850
Explanation:
The EUR spot price is $1.3579 whereas July futures contract have price of $1.3750. The contract size is EUR 125,000. The profit/ loss reported will be $2,850 based on the July futures contract price. On 3/03 the broker will get a margin call from the exchange.
The decision to increase wages had a high probability of effect on Walmart’s success, illustrated by Multiple Choice pilot tests confirming that turnover would decrease. lawsuits that had been dropped. support from labor and worker rights groups. increased morale among all employees. flexible schedules, more training, and more HR personnel.
Answer: pilot tests confirming that turnover would decrease.
Explanation:
Companies that have a lower turnover of employees are generally more successful than companies that don't because these companies spend less on job training for new staff, have a staff that is more motivated and the presence of regular staff that bond with customers will inspire those customers to buy more.
Walmart engaged in pilot tests to confirm this theory and increased wages in several test locations. These locations became more successful after the wage increase and so Walmart decided to apply it across the board.
HNT is an all-equity firm with a beta of .88. What will the firm's equity beta be if the firm switches to a debt-equity ratio of .35
Answer:
the firm equity beta is 1.188
Explanation:
The computation of the firm equity beta is as follows:
In the case when the firm switches to a debt-equity ratio is 0.35,
So, the proportion of equity in total capital structure is
= 100 ÷ 135
= 0.741
Now The equity beta is
= 0.88 ÷ 0.741
= 1.188
Hence, the firm equity beta is 1.188
The last stage of the strategy-formulating, strategy-executing process is Multiple choice question. implementing and executing the strategy. making corrective adjustments. crafting a strategy. setting objectives.
Answer: making corrective adjustments.
Explanation:
The strategy-formulating, strategy-executing process allows for companies to come up with strategies and then implement them. The first step would be to actually think about a strategic vision and then set objectives on how the company can go about this vision.
Then the company should craft a strategy to match these objectives. After this is done, the strategy should be implemented and executed. The final step would then be to monitor and evaluate both the internal and external environment of the company so as to make corrective adjustments to the strategy to take advantage of the situation.
Dawn's bridal boutique is having a sale on evening dresses. The increase in consumer surplus comes from the benefit of the lower prices to a. both existing customers who now get lower prices on the gowns they were already planning to purchase and new customers who enter the market because of the lower prices. b. only new customers who enter the market because of the lower prices. c. only existing customers who now get lower prices on the gowns they were already planning to purchase. d. Consumer surplus does not increase; it decreases.
Answer:
The answer is "Option a".
Explanation:
Dawn's bridal shop does have an evening gowns sale. The rise in consumer surplus is attributable to the fact that both existing customers now also have cheaper prices on the robes which previously planned to buy, as well as the new customers who enter the market due to lower prices even as advantages are identical but the prices are cheaper on the same robe. The current product and existing consumers are able t benefit from market sales, thereby increasing the excess of the new and current consumers.
If policy makers want to decrease real GDP by $100 billion and the marginal propensity to consume is 0.6, they should _____ government purchases of goods and services by _____.
a. decrease; $100 billion
b. decrease; $60 billion
c. decrease; $40 billion
d. increase; $100 billion
When a perfectly competitive firm decides to shut down, Group of answer choices marginal cost is above average variable cost.
Answer:
price is below average variable cost
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
firms should shutdown when price is less than average variable cost and exit when price is less than average total cost
Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results. Budgeted Actual Sales $ 300 per unit $ 435,000 Variable expenses $ 120 per unit $ 172,000 Fixed expenses (total) $ 125,000 $ 122,000 Units produced and sold 1,200 1,400 List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance)
LEWIS Co.
Flexible budget performance report
For month ended May 31
Flexible budget Actual results Variances Result
Sales $420,000 $435,000 $15,000 Fav
(1400*$300)
Variable expense $168,000 $172,000 $4,000 Unfav
(1400*$120)
Contr. margin $252,000 $263,000 $11,000 Fav
Fixed cost $125,000 $122,000 $3,000 Fav
Net Income $127,000 $141,000 $14,000 Fav
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g For a monopolist, marginal revenue is less than price because Group of answer choices the monopolist must lower price on all units sold and not just on the last unit sold. the demand curve is inelastic. the monopolist must lower price on the last unit sold in order to sell it. marginal revenue is always less than price, just as in the model of perfect competition.
Answer:
the monopolist must lower price on all units sold and not just on the last unit sold.
Explanation:
A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes.
Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.
Marginal revenue can be defined as the additional amount of money that is gained or generated by a business firm from the sales of an additional unit of a product or service. Graphically, a change in the value of the total revenue curve at a given point gives the marginal revenue.
A price refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.
For a monopolist, the marginal revenue (MR) of a product or service is less than price because the monopolist must lower price on all of the units sold rather than lowering price on the last unit sold only.
Hence, the lower price applies to all units sold by a monopolist.
When creating a budget, you need to account for fixed expenses. What is an example of a fixed expense?
Ο Α. .
utility payments
OB.
rent
Ос.
entertainment
OD
car repairs
Answer:
B) Rent
Explanation:
Expenses that do not change from month to month are fixed. Expenses that can fluctuate from month to month are variable.
Rent is usually based on agreement where the lease says the specific fixed amount to be paid each month. The rest of the expenses listed such as utility bills, entertainment, and car repairs can vary based on how much light you use, how many nights you go out for drinks or how many fixes your car needs...
When creating a budget, you need to account for fixed expenses. Rent is an example of a fixed expense. The correct option is B. Regardless of production output, fixed costs remain the same. Payments for insurance, rent or lease, and interest are examples of fixed costs.
Why is rent expense a debit?Rent expense is an example of an expense, so it is a debit in accounting. Due to the fact that a debit entry is used to journalize the increase in the account's value, all expenses are considered debit accounts under debit and credit rules.
Car payments, rent or mortgage payments, insurance premiums, and property taxes are examples of common fixed expenses. These costs are typically difficult to change. They are paid regularly and typically remain the same, so they are advantageously simple to budget for.
Thus, the ideal selection is option B.
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In the year 2003 the Acme Company had twice as many employees as managers. During the next 5 years, they hired twelve employees and fired two managers. Which of the following equations is correct for the number of managers?
A. NM2008 + 2 = 2 (NE2008 - 12).B. NM2008 - 2 = 2 (NE2008 + 12).C. 2 (NM2008 + 2) = NE2008 - 12.
D. 2 (NM2008 - 2) = NE2008 + 12.E. I can't eliminate any choices.
Answer:
B. NM2008 - 2 = 2 (NE2008 + 12)
Explanation:
Acme company has twice as many employees as managers so the number of employees would be multiplied by 2 to find the actual number of employees. The company will hire 12 new employees and will fire 2 managers in next 5 years. The correct equation will show the number of employees plus 12 new employees and managers minus 2 managers who are fired.
SWOT analysis provides managers with an uncritical view of the organization's internal and external environments and helps them evaluate the firm's fulfillment of its basic objectives.
a. True
b. False
Luke sold a building and the land on which the building sits to his wholly owned corporation, Studemont Corp., at fair market value. The fair market value of the building was determined to be $380,000; Luke built the building several years ago at a cost of $357,500. Luke had claimed $81,000 of depreciation expense on the building. The fair market value of the land was determined to be $280,000 at the time of the sale; Luke purchased the land many years ago for $193,500. Luke's brother will use the building in his business.
a. What is the amount and character of Luke's recognized gain or loss on the building?
b. What is the amount and character of Luke's recognized gain or loss on the land?
The costs of materials consumed in producing good units in the Forming Department of Thomas Company were $76,000 and $77,350 for September and October, respectively. The number of equivalent units produced in September and October was 800 tons and 850 tons, respectively. Evaluate the change in the cost of materials between the two month
Answer and Explanation:
The computation of the evaluation of change in the cost of materials between the two month is given below;
The Cost per unit in September is
= 76,000 ÷ 800
= $95 per unit
And,
Cost per unit in October = $77,350 ÷ 850
= $91 per unit
Now
Cost per unit of materials has been decreased in October by $4 per unit or instead of is by
= (4 ÷ 95 × 100)
= 4.21% .
Phone regularly prices its products at cost plus a 40 percent markup for profit. Smart prices its sales at cost plus a 20 percent markup. The total sales reported by Phone and Smart include both intercompany sales and sales to nonaffiliates. Required: a. What amount of sales will be reported in the consolidated income statement for 20X8
Answer: $790,000
Explanation:
The amount of sales that should be recorded in the consolidated statement is the total sales of each company less the sales of each company to each other.
Consolidated sales = (660,000 + 510,000) - (140,000 + 240,000)
= 1,170,000 - 380,000
= $790,000
Theo UCP600, thuật ngữ "about" cho phép số lượng hàng hóa có dung sai là
Answer:
english pls and i will help u if u send a clear one
Explanation:
Imagine in a particular country several major financial institutions fail within a relatively short timeframe, and the country's leader announces a massive federal government bailout is needed to avoid an economic collapse. During this period, uncertainty on the part of business leaders and consumers would be reasonably expected to increase for a while. What impact could this increase in uncertainty have on interest rates as described in the instructor's presentation
Answer:
If decrease in demand for loanable funds was less than decrease in supply then interest rate will increase.
Explanation:
In the case when there is an increase in the uncertainity so the impact should be that it reduced the demand for the loanable fund and that should be less than the reduction in the supply due to this there should be the rise in the rate of the interest. Also we cant estimated the rate of interest whether it is increased or not but as per the theory of supply and demand if supply decreased more than the demand so the rate of interest should increased
For a project being considered by a city, the following cost data is available. (a) Determine both the modified and conventional B/C ratios and offer a recommendation, and (b) if you are concerned because the data is not capturing the effects of Estimated annual disbenefits, how large would these have to be in order for you to change your recommendation (if at all) using the conventional B/C ratio
The question is incomplete. The complete question is :
For a project being considered by a city, the following cost data is available. (a) Determine both the modified and conventional B/C ratios and offer a recommendation, and (b) if you are concerned because the data is not capturing the effects of Estimated annual disbenefits, how large would these have to be in order for you to change your recommendation (if at all) using the conventional B/C ratio?
Initial cost = $10,000,000
O & M cost / year = $450,000
Estimated annual benefits = $850,000
Life = 25 Years
Salvage value = $1 million
MARR = 6%
Solution :
Given :
Initial cost = $10,000,000
Salvage, S = $1,000,000
O and M Cost/year = AOM = $450,000
Benefit per year, AWB = $ 850,000
Equivalent initial cost per year = C
Equivalent salvage per year = S x (A/F, 0.06, 25) = 1,000,000 x (A/F, 0.06, 25)
Let us calculate the interest factors,
[tex]$(A/P,i,n)=\frac{i}{1-\frac{1}{(1+i)^n}}$[/tex]
[tex]$(A/P,0.06,25)=\frac{0.06}{1-\frac{1}{(1+0.06)^{25}}}=0.078226718$[/tex]
[tex]$(A/P,i,n)= \frac{i}{(1+i)^n-1}[/tex]
[tex]$(A/P,0.06, 25)= \frac{0.06}{(1+0.06)^{25}-1} = 0.018226718[/tex]
The equivalent initial cost per year = AWC = 10000000 x 0.078226718 = $ 782267.18
Equivalent salvage per year, AWS = 1,000,000 x 0.018226718 = $ 18226.72
Conventional B-C ratio = AWB/(AWC-AWS+AOM)
= 850000/(782267.18-18226.72+450000)
= 0.7001
Modified B-C ratio = (AWB-AOM)/(AWC-AWS)
= (850000-450000)/(782267.18-18226.72)
= 0.5235
In this case. both the conventional B-C ratio and modified B-C ratio are less than 1, the project is not acceptable.
Which of the following is not part of the definition of culture as it is described in the text?
Answer:
The major elements of culture are symbols, language, norms, values, and artifacts.
Language makes effective social interaction possible and influences how people conceive of concepts and objects.
Explanation:
thank me later
What is Walmart's Times Interest Earned Ratio for the year of 2018 (round it to 3 numbers after the decimal point -> 0.581)
Answer:
17.10 times
Explanation:
Complete word "Walmart's reported the following amounts on its 2018 income statement E(Click the icon to view the amounts.) What is Walmart's times-interest-earned ratio for 2018? (Round to two decimals.) Times-interest-earned ratio X Data Table Year Ended December 31, 2018 42,000 Net income 6,300 Income tax expense 3,000 Interest expense Print Done"
EBIT = Net Income + Interest expenses + Income tax expense
EBIT = $42,000 + $3,000 + $6,300
EBIT = $51,300
Times Interest Earned Ratio = EBIT / Interest Expenses
Times Interest Earned Ratio = $51,300 / $3,000
Times Interest Earned Ratio = 17.10 times.
The area of accounting aimed at serving the decision-making needs of internal users is: Group of answer choices External auditing. SEC reporting. Managerial accounting. Financial accounting.
Answer:
Managerial accounting
Explanation:
Managerial accounting can be regarded as accounting practice involving identification as well as measurement and interpretation of financial information and communication of it to managers so that it can be used to achieve organization's goals. It should be noted that the The area of accounting aimed at serving the decision-making needs of internal users is Managerial accounting
Quail Company's suppliers offer terms of 2/10, net 35. Using a 360-day year, what is the approximate cost of foregoing the discounts
Answer:
0.29
Explanation:
The computation of the approximate cost of foregoing the discounts is shown below:
Here we assume the balance to be $100
Now 2/10, net 35 means that if the person paid the amount within 10 days so he or she is eligible for the payment
So,
= $100 × (100 - 0.02)
= $98
The $98 should be paid in 10 days
or $100 for 35 days
So overall the $2 for borrowing and $98 for 25 days i.e. (35 - 10)
Now the annual percentage is
= $2 ÷ $98 × 360 days ÷ 25 days
= 0.29
The per-unit standards for direct labor are 1.5 direct labor hours at $15 per hour. If in producing 3600 units, the actual direct labor cost was $74400 for 4800 direct labor hours worked, the total direct labor variance is $3600 unfavorable. $6600 unfavorable. $1800 unfavorable. $6600 favorable.
Answer:
See below
Explanation:
Given the above information, the total direct labor variance is computed as;
Total direct labor variance = Standard cost - Actual cost
Standard cost = 3,600 units × 1.5 × $15 = $81,000
Actual cost = $74,400
Total direct labor variance = $81,000 - $74,400
Total direct labor variance = $6,600 Favourable
g On January 1, 2021, Leardon Inc. purchased equipment for $25,000. The company is depreciating the equipment at the rate of $1,000 per month. At January 31, 2022, the balance in Accumulated Depreciation is:
Answer:
$24,000
Explanation:
The Straight line method of depreciation charges a fixed amount of depreciation. The the rate of $1,000 per month presents that the company uses straight line method.
For the balance of accumulated depreciation, we simply count the number of months from January 1, 2021 to January 31, 2022 and multiply by $1,000.
Accumulated Depreciation = 24 months x $1,000 = $24,000
At January 31, 2022, the balance in Accumulated Depreciation is $24,000.