Answer:
The answer is C Flexibility.
Explanation:
Answer:
a .master plan
Explanation:
im not sure
A new contract has just been ratified between the local truck drivers union and farley's national trucking. Jerry, a line manager at farleyś, wants to know how the new contract affects his role as a manager. Who would be the best person to provide him with the info?
The coordination liaison
the workers compensation coordinator
the truck drivers
the labor relations specialists
Sarah is interviewing the sales manager to learn more about the skills, responsibility, and behaviors associated with the position. based on sarah's actions, we can conclude that she is conduction a
compensation classification
job analysis
employment comparison
performance appraisal
Answer:
1. the truck drivers
2. job analysis
Explanation:
A company is currently selling 10,000 units of product monthly for $40 per unit. The unit contribution margin is $27. The company believes that spending $50,000 per month on advertising will allow them to increase the selling price to $45 and that sales will increase by 750 units per month. The company should ______.
Answer:
The company should accept the idea reason been that the profit will increase by $24,000
Explanation:
Calculation to determine What should the company do
First step
Increased CM = [10,750 x (27+(40-45))]- (10,000 x 27)
Increased CM = [10,750 x(27+5)]- (10,000 x 27)
Increased CM = (10,750 x 32) - (10,000 x 27)
Increased CM = $344,000-$270,000
Increased CM = $74,000
Now let calculate the profit
Profit =$74,000-$50,000
Profit=$24,000 Increase
Therefore based on the above calculation The company should accept the idea reason been that the profit will increase by the amount of $24,000
Suppose that the U.S. government decides to charge wine producers a tax. Before the tax, 10 million bottles of wine were sold every month at a price of $4 per bottle. After the tax, 3 million bottles of wine are sold every month; consumers pay $7 per bottle, and producers receive $2 per bottle (after paying the tax).
The amount of the tax on a bottle of wine is -----per bottle. Of this amount, the burden that falls on consumers is-------per bottle, and the burden that falls on producers is------per bottle.
True or False: The effect of the tax on the quantity sold would have been smaller if the tax had been levied on consumers.
a) True
b) False
Answer:
The amount of the tax on a bottle of wine is $5 per bottle. Of this amount, the burden that falls on consumers is $3 per bottle, and the burden that falls on producers is $2 per bottle.
tax per bottle = $7 - $2 = $5consumers pay an extra $7 - $4 = $3 per bottleproducers pay $7 - $5 = $2 per bottle
True or False: The effect of the tax on the quantity sold would have been smaller if the tax had been levied on consumers.
b) False
The negative effect is the same regardless of who pays for it. Taxes create deadweight losses that affect both producers and consumers.
In the Investment marketplace, Investors will likely accept a high-risk investment only if it promises
Select the best answer from the choices provided.
А.
real returns
B.
nominal returns
C. high returns
D. low, constant returns
Answer: C. high returns
Explanation: Risk-return tradeoff is an investing theory which indicates that as higher the risk, the greater the return reward. In order to determine an acceptable risk-return tradeoff, investors need to weigh several aspects, including total risk exposure, the ability to substitute missing capital, and more.
Barbara's Bakery purchased three new 7-year assets last year. She chose NOT to use Section 179 immediate expensing or take bonus depreciation. The furnishings were purchased for $15,000 in April, the equipment for $6,000 in July, and the appliances for $40,000 in November. Using the appropriate MACRS depreciation tables in the Appendix, what amount of depreciation expense is allowable in the current (second) year of ownership?
a) $16,806
b) $14,939
c) $16,163
d) $16,072
Answer:
$ 4,748
Explanation:
The depreciation expenses = [tex]$(\$ 15000 \times 17.85 \%) + (\$ 6000 \times 10.71 \%)+(\$ 40000 \times 3.57 \%)$[/tex]
[tex]$= \$ 2677.50 + \$ 642.6 + \$ 1428$[/tex]
= $ 4748
Generally we have use half year convention for assets that are purchased during the year but here we used the mid quarter as of more than the 40% of the assets are being purchased in last quarter of the year
[tex]$=\frac{\text{assets purchased in last quarter}}{\text{total assets purchased in the year}} \times 100$[/tex]
[tex]$=\frac{40000}{61000} \times 100$[/tex]
[tex]$=65.57 \%$[/tex] (it is more than 40%)
Thus we can use the mid quarter mars depreciation rates for the 7 years assets that are purchased this year.
Lauren Fine Clothing manufactures clothes for professional women. Lauren applies overhead at the rate of $15 per direct labor hour. During April, the company has budgeted 9,420 direct labor hours. At the end of April, 9,200 direct labor hours and $132,670 in manufacturing overhead had been incurred. To adjust for the difference between applied and incurred overhead, which journal entry would the firm record (using the pro-rated approach) given the following ending balances:
Answer: Debit MOH and credit cost if goods sold by 5330.
Explanation:
From the question, we are given the following information:
Overhead rate = $15 per direct labor hour
Direct labor hour incurred = 9,200
Manufacturing overhead cost incurred $132,670
We will then calculate the value for the applied manufacturing overhead which will be the direct labor hour incurred multiplied by the predetermined overhead rate. This will be:
= 9,200 x 15
= $138,000
Then, we have to calculate the overapplied manufacturing overhead which will be:
= $138,000 - $132,670
= $5,330
The journal entry will then be:
Debit: Manufacturing overhead (MOH) $5330
Credit: Cost of goods sold $5330
To avoid insolvency, regulators decide to provide the bank with $25 million in bank capital. However, the bad news about the mortgages is featured in the local newspaper, causing a bank run. As a result, $30 million in deposits is withdrawn. Show the effects of the capital injection and the bank run on the balance sheet. Was the capital injection enough to stabilize the bank
Answer:
1. With the bank run and capital injection, more cash was made available for the bank. There was increased demand on the bank to refund the deposits of customers.
2. The capital injection was not enough to stabilize the bank. At least additional $5 million was required to meet the demand of the customers.
Explanation:
A bank run occurs when a greater number of a bank's customers demand the withdrawal of their deposits. This event causes a spiral reaction that eventually leads to more customers withdrawing their deposits, resulting in the bank's collapse if no outside capital injection is made within the shortest period of time.
The following information is available for Wonderway, Inc., for 2015:
Factory rent $28,700
Company advertising 19,900
Wages paid to laborers 83,600
Depreciation for president's vehicle 8,050
Indirect production labor 1,990
Utilities for factory 31,400
Production supervisor's salary 31,600
President's salary 61,300
Direct materials used 35,600
Sales commissions 7,640
Factory insurance 13,600
Depreciation on factory equipment 28,000
Required:
a. Calculate the direct labor cost for Wonderway.
b. Calculate the manufacturing overhead cost for Wonderway.
c. Calculate the prime cost for Wonderway.
d. Calculate the conversion cost for Wonderway.
e. Calculate the total manufacturing cost for Wonderway.
f. Calculate the period expenses for Wonderway.
Answer:
a. $81,610
b. $135,290
c. $117,200
d. $216,900
e. $252,490
f. $96,890
Explanation:
direct labor cost = $83,600 - $1,990 = $81,610
manufacturing overhead cost = $28,700 + $1,990 + 31,400 + $31,600 + $13,600 + 28,000 = $135,290
prime cost = $35,600 + $81,610 = $117,200
conversion cost = $81,610 + $135,290 = $216,900
total manufacturing cost = $135,290 + $117,200 = $252,490
period expenses = $19,900 + $8,050 + $61,300 + $7,640 = $96,890
Kogler Corporation's relevant range of activity is 7,000 units to 11,000 units. When it produces and sells 9,000 units, its average costs per unit are as follows:
Average cost per unit
Direct Materials $4.85
Direct Labor $4.70
Variable manufacturing overhead $1.65
Fixed manufacturing overhead $10.00
Fixed selling expense $3.45
Fixed administrative expense $1.50
Sales commissions $0.60
Variable administrative expense $0.55
If the selling price is $27.00 per unit, the contribution margin per unit sold is closest to:
A: $17.45
B: $0.30
C: $14.65
D: $5.80
Answer:
the contribution margin is $14.65
Explanation:
The computation of the contribution margin is shown below:
As we know that
Contribution Margin per unit = Selling price per unit - Variable costs per unit
= ($27) - ($4.85 + $4.70 + $1.65 + $0.60 + $0.55)
= $27 - $12.35
= $14.65
Hence, the contribution margin is $14.65
Exotic Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows:
Engine parts $760,400
Shop direct labor 555,000
Shop and repair equipment depreciation 57,000
Shop supervisor salaries 158,500
Shop property taxes 28,800
Shop supplies 22,100
Advertising expense 15,200
Administrative office salaries 65,400
Administrative office depreciation expense 8,400
Total costs and expenses $1,670,800
The average shop direct labor rate is $15.00 per hour.
Required:
Determine the predetermined shop overhead rate per direct labor hour.
Answer:
See bekow
Explanation:
Number of direct labor hours = 555,000 / 15 = 37,000
Overhead cost = $57,000 + $158,500 + $28,800 + $22,100
Selected transactions for Ayayai Corp. during its first month in business are presented below.
Sept. 1 Issued common stock in exchange for $18,000 cash received from investors.
5 Purchased equipment for $8,500, paying $2,500 in cash and the balance on account.
8 Performed services on account for $18,000.
14 Paid salaries of $1,200.
25 Paid $2,500 cash on balance owed for equipment. 30 Paid $500 cash dividend.
Required:
Therow's chart of accounts shows Cash, Accounts Receivable, Equipment, Accounts Pay- able, Common Stock, Dividends, Service Revenue, and Salaries and Wages Expense.
a. Prepare a tabular analysis of the September transactions.
b. Journalize the transactions. Do not provide explanations.
c. Post the transactions to T-accounts.
Answer:
Sept 1. Cash (Dr.) $18,000
Common Stock (Cr.) $18,000
5. Equipment (Dr.) $8,500
Cash (Cr.) $2,500
Accounts Payable (Cr.) $5,000
8. Accounts Receivable (Dr.) $18,000
Service Revenue (Cr.) $18,000
14. Salaries Expense (Dr.) $1,200
Cash (Cr.) $1,200
25. Accounts Payable (Dr.) $2,500
Cash (Cr.) $2,500
30. Dividend Paid (Dr.) $500
Cash (Cr.) $500
Explanation:
T- Accounts:
Debits
Cash 11,800
Equipment 8,500
Accounts Receivable 18,000
Salaries Expense 1,200
Total 39,500
Credits
Service Revenue 18,000
Accounts Payable 2,500
Common Stock 18,000
Dividend Paid 500
Total 39,500
Alcorn Service Company was formed on January 1, Year 1.
Events Affecting the Year 1 Accounting Period
1. Acquired $66,000 cash from the issue of common stock.
2. Purchased $2,400 of supplies on account.
3. Purchased land that cost $30,000 cash.
4. Paid $2,400 cash to settle accounts payable created in Event 2.
5. Recognized revenue on acount of $54,000
6. Paid $27,000 cash for other operating expenses.
7. Collected $44,000 cash from accounts receivable.
Information for Year 1 Adjusting Entries
8. Recognized accrued salaries of $3,800 on December 31, Year 1.
9. Had $800 of supplies on hand at the end of the accounting period.
Events Affecting the 2019 Accounting Period
1. Acquired $26,000 cash from the issue of common stock.
2. Paid $3,800 cash to settle the salaries payable obligation.
3. Paid $5,400 cash in advance to lease office space.
4. Sold the land that cost $30,000 for $30,000 cash.
S. Received $6,600 cash in advance for services to be performed in the future.
6. Purchased $1,600 of supplies on account during the year.
7. Provided services on account of $38,000.
8. Collected $39,000 cash from accounts receivable.
9. Paid a cash dividend of $5,000 to the stockholders.
10. Paid other operating expenses of $25,500.
Information for 2019 Adjusting Entries
11. The advance payment for rental of the office space (see Event 3) was made on March 1 for a one-year term.
12. The cash advance for services to be provided in the future was collected on October 1 (see Event 5). The one-year contract started on October 1.
13. Had $900 of supplies remaining on hand at the end of the period.
14. Recognized accrued salaries of $4,500 at the end of the accounting period.
15. Recognized $1,000 of accrued interest revenue.
Required:
Identify each event affecting the 2018 accounting periods as asset source (AS), asset use (NJ), asset exchange (AE), or claims exchange (CC).
Answer:
1. Asset Source
2. Asset Source
3. Asset Exchange
4. Asset Exchange
5. Asset Source
6. Asset Use
7. Asset Exchange
8. Claim Exchange
9. Asset Use
10. Asset Use
Explanation:
Asset use is the daily operating activities in a business where transactions are performed and assets are purchase for use. These are routine day to day activities for a business. Asset exchange is the acquisition of asset with another asset. Asset Source is the funding of business through cash and cash equivalents. Claim exchange is the pending assets which is claimed by the business.
Partners Cantor and Dickens have capital balances in a partnership of $160,000 and $240,000, respectively. They agree to share profits and losses as follows:
Cantor Dickens
As salaries $40,000 $48,000
As interest on capital at the beginning of the year 10% 10%
Remaining profits or losses 50% 50%
If income for the year was $120,000, what will be the distribution of income to Cantor?
A. $40,000
B. $52,000
C. $64,000
D. $56,000
Answer:
B. $52,000
Explanation:
Income fot the year $120,000
Less: C salaries $40,000
Less: D salaries $48,000
Less: Interest on Capital to C $16,000 (10% * $160,000)
Less: Interest on Capital to C $24,000 (10% * $240,000)
Loss $8,000
Distribution of income
Salaries $40,000
Add: Interest on Capital $16,000 (10% * $160,000)
Less: Remaining loss he share ($4,000) (50% * 80,00)0
Distribution of income to C $52,000
Taxable income of a corporation
a. differs from accounting income due to differences in intraperiod allocation between the
two methods of income determination.
b. differs from accounting income due to differences in interperiod allocation and
permanent differences between the two methods of income determination.
c. is based on generally accepted accounting principles.
d. is reported on the corporation's income statement.
Answer:
Option b. Differs from accounting income due to differences in interperiod allocation and
permanent differences between the two methods of income determination.
Explanation:
Corporation examples are joint stock companies, joint accounts, associations, insurance companies e.t.c.
A Corporation taxable income is simply defined as a part of its profits generated by corporations that is collected by the Federal and State government as an income tax. It is known as a direct tax. It is placed on the net income or profit of a corporate organization. The tax rate for corporation uses the slab rate system or method of taxation that is based on the type of corporate entity and the different revenues gotten by them individually.
I need help answer this question please
The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet Sales $ 18,900 Current assets $ 11,700 Debt $ 15,700 Costs 12,800 Fixed assets 26,500 Equity 22,500 Taxable income $ 6,100 Total $ 38,200 Total $ 38,200 Taxes (21%) 1,281 Net income $ 4,819 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. What is the internal growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.)
Answer:
9.69%
Explanation:
Calculate for the internal growth rate
First step is to calculate the ROA
ROA = $4,819/$38,200
ROA=.1262*100
ROA= 12.62%
Second step is to calculate the plowback ratio b
The plowback ratio, b= 1 – .30
b= .70
Now let calculate the Internal growth rate using this formula
Internal growth rate=(ROA × b)/[1 – (ROA × b)]
Let plug in the formula
Internal growth rate=[.1262(.70)]/[1 – .1262(.70)]
Internal growth rate=.0969*100
Internal growth rate= 9.69%
Therefore the internal growth rate will be 9.69%
Mr. Frohardt donated $40,000 toward future scholarships. The scholarships are to be paid according to the following schedule:
• end of year 1: $1,000,
• end of year 2: $1,500,
• end of year 3: $2,000,
• and so on...
with the amount increasing $500 each year until the scholarship reaches $5,000. The annual scholarship will remain at $5,000 until the fund is depleted. If the account balance is less than $5,000 at the end of any year (i.e., after the awarding of the $5,000 for that year), that remaining amount immediately will be awarded as a smaller scholarship, and the account will be closed. The scholarship fund earns interest at an effective annual rate of 8%. Determine how many full $5,000 scholarships will be awarded.
Answer:
18 full scholarships will be awarded
Explanation:
year beginning interest scholarship ending
balance earned awarded balance
1 40000 43200 1000 42200
2 42200 45576 1500 44076
3 44076 47602 2000 45602
4 45602 49250 2500 46750
5 46750 50490 3000 47490
6 47490 51289 3500 47789
7 47789 51613 4000 47613
8 47613 51422 4500 46922
9 46922 50675 5000 45675
10 45675 49329 5000 44329
11 44329 47876 5000 42876
12 42876 46306 5000 41306
13 41306 44610 5000 39610
14 39610 42779 5000 37779
15 37779 40801 5000 35801
16 35801 38666 5000 33666
17 33666 36359 5000 31359
18 31359 33868 5000 28868
19 28868 31177 5000 26177
20 26177 28271 5000 23271
21 23271 25133 5000 20133
22 20133 21743 5000 16743
23 16743 18083 5000 13083
24 13083 14129 5000 9129
25 9129 9860 5000 4860
26 4860 5249 5000 249
Two metrics that are used to measure a company's financial performance are net income and cash flow. Accountants emphasize net income as calculated in accordance with generally accepted accounting principles. Finance people generally put at least as much weight on cash flows as they do on net income. Question 9 options: True False
Answer:
true
Explanation:
Finance people place greater weight on cash flows that net income.
Net income = total revenue - total cost
Cash flow is the movement of cash and cash equivalents in and out of an organisation.
Even though a company may be generating a positive net income, the positive net income may not be from sustainable sources, so it is for this reason that cash flows are examined.
also, cash flows are less subject to manipulation when compared with net income.
It is for these reasons that finance people place more importance on cash flows
A remotely located air sampling station can be powered by solar cells or by running an above ground electric line to the site and using conventional power. Solar cells will cost $18,000 to install and will have a useful life of 5 years with no salvage value. Annual costs for inspection, cleaning, and other maintenance issues are expected to be $2,400. A new power line will cost $27,500 to install, with power costs expected to be $1,000 per year. Since the air sampling project will end in 5 years, the salvage value of the line is considered to be zero. At an interest rate of 10% per year,
a. Which alternative should be selected on the basis of an annual worth analysis
b. What must be the first cost of the above ground line to make the two alternatives equally attractive economically?
Answer:
a) should install the solar cells
alternative 1, solar cells
initial investment $18,000
annual expenses $2,400 (5 years)
NPV = $27,097.89
AW = (10% x $27,097.89) / [1 - (1 + 10%)⁻⁵] = $7,148.36
alternative 2, power line
initial investment $27,500
annual expenses $1,000 (5 years)
NPV = $31,290.79
AW = (10% x $31,290.79) / [1 - (1 + 10%)⁻⁵] = $8,254.43
b) $23,307.10
External hiring reduces organizational diversity.
Answer:
The statement is not true.
Explanation:
External hiring does not reduce organizational diversity, it actually does the opposite: it increases organizational diversity.
External allows managers to include in their working teams new mebers who bring different knowledge and experience to the organization. In fact, one of the main motivations for managers to engage in external hiring is precisely increasing the variety of viewpoints inside the firm.
Cameron Chemicals uses the weighted-average method in its process costing system. During January, the Assembly Department completed its processing of 25,100 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $691,870 in total. The ending work in process inventory in January consisted of 3,800 units, which were 80% complete with respect to materials and 60% complete with respect to labor and overhead. The costs per equivalent unit for the month were as follows:
Materials Labor Overhead
Cost per equivalent unit $14.40 $4.50 $7.90
Required:
a. Compute the equivalent units of materials, labor, and overhead in the ending inventory for the month.
b. Compute the cost of ending inventory and of the units transferred to the next department for January.
c. Prepare a cost reconciliation for January.
Answer:
Cameron Chemicals
Assembly Department:
a. Equivalent units: Materials Labor Overhead
Ending Work-in-Process (3,800) 3,040 2,280 2,280
b. Costs of ending inventory and the units transferred out:
Ending WIP:
Materials Labor Overhead
Cost per equivalent unit $14.40 $4.50 $7.90
Ending Work-in-Process (3,800) 3,040 2,280 2,280
Ending WIP = (3,040*$14.40 + 2,280*$4.50 + 2,280*$7.90) = $72,048
Units transferred out:
Materials Labor Overhead
Cost per equivalent unit $14.40 $4.50 $7.90
Completed and transferred out 25,100 25,100 25,100
Cost of units transferred out = 25,100*$14.40 + 25,100*$4.50 + 25,100*$7.90) = $672,680
c. Cost Reconciliation for January:
Materials Labor Overhead Total
Ending WIP = $43,776 $10,260 $18,012 $72,048
Units transferred out 361,440 112,950 198,290 $672,680
Total costs = $405,216 $123,210 $216,302 $744,728
Explanation:
a) Data and Calculations:
Total costs of beginning WIP and Units added = $691,870
Ending WIP 3,800 units, 80% complete (materials) and 60% complete (conversion)
Cost per equivalent unit:
Materials Labor Overhead
Cost per equivalent unit $14.40 $4.50 $7.90
Equivalent units: Materials Labor Overhead
Completed and transferred out 25,100 25,100 25,100
Ending Work-in-Process (3,800) 3,040 2,280 2,280
Total equivalent units = 28,140 27,380 27,380
If people begin to favor science fiction novels to a greater degree than previously, the demand for science fiction novels _____________
Sandra would like to organize LAB as either an LLC (taxed as a sole proprietorship) or a C corporation. In either form, the entity is expected to generate an 9 percent annual before-tax return on a $710,000 investment. Sandraâs marginal income tax rate is 37 percent, and her tax rate on dividends and capital gains is 23.8 percent (including the 3.8 percent net investment income tax). If Sandra organizes LAB as an LLC, she will be required to pay an additional 2.9 percent for self-employment tax and an additional 0.9 percent for the additional Medicare tax. LABâs income is not qualified business income (QBI) so Sandra is not allowed to claim the QBI deduction. Assume that LAB will distribute all of its after-tax earnings every year as a dividend if it is formed as a C corporation. (Round your intermediate computations to the nearest whole dollar amount.)
Required:
a. How much cash after taxes would Sandra receive from her investment in the first year if BAL is organized as either an LLC or a C corporation?
b. What is the overall tax rate on BALâs income in the first year if BAL is organized as an LLC or as a C corporation?
Answer:
Sandra
LAB LLC (taxed as a sole proprietorship)
Annual Income = $63,900
Additional self-employment tax (2.9%) = $1,853 (2.9% * $63,900)
Additional Medicare tax (0.9%) = $575
FICA Tax rate (7.65%) = $4,888
After-tax income $56,584
Tax expense = $7,316 ($63,900 - $56,584)
LAB (taxed as a C corporation)
After-tax income = $40,257 ($63,900 - $23,643)
Dividends and capital gains = $8,051.40 (20% excluding the 3.8%)
Income after dividends and capital gains $32,206
Tax expense = $31,694 ($63,900 - 32,206)
b. Overall tax rate on BAL's income:
1. Organized as an LLC
$7,316/$63,900 * 100
= 11.45%
2. Organized as a C Corporation:
$31,694/$63,900 * 100
= 49.6%
Explanation:
a) Data and Calculations:
Expected annual before-tax return = 9%
Investment = $710,000
The annual return = $63,900 ($710,000 * 9%)
Marginal income tax rate = 37%
Income tax expense = $23,643 ($63,900 * 37%)
After-tax income = $40,257 ($63,900 - $23,643)
Dividends and capital gains = $8,051 (20% excluding the 3.8%)
Income after dividends and capital gains $32,206
Donny, of Donny's Doughnuts, bakes and sells 100 dozen doughnuts a day using one mixer and one fryer. His rival, Sunshine, of Sunshine's Doughnuts, produces 180 dozen doughnuts a day using two mixers and two fryers. Both shops use the exact same technology to make doughnuts and have the same number of workers and the same size building. Donny and Sunshine both increase their capital equipment by one mixer and one fryer
Which shop will benefit the most from its expansion?
A. The shops will benefit equally because they are using the same quantity of equipment.
B. Donny, because his workers currently have less available capital to work with
C. The local weight-loss clinic, because the number of doughnuts consumed will increase
D. Sunshine, because her operation was producing more doughnuts to start with
How much should Donny realistically expect his production to increase with the new equipment?
A. about 80 dozen
B. about 50 dozen
C. at least 100 dozen
How much should Sunshine realistically expect her production to increase with the new equipment?
A. about 50 dozen
B. at least 80 dozen
C. at least 100 dozen
Answer:
Which shop will benefit the most from its expansion?
B. Donny, because his workers currently have less available capital to work withThe law of marginal returns applies here, that is why Sunshine donuts didn't produce twice as many by using more machines
How much should Donny realistically expect his production to increase with the new equipment?
A. about 80 dozenSimilar to the additional production that Sunshine had in the past.
How much should Sunshine realistically expect her production to increase with the new equipment?
A. about 50 dozenMaybe even a little more than 50 dozen, but definitely less than 80 or 100.
Suppose there are only two firms that sell tablets, Padmania and Capturesque. The payoff matrix below shows the profits (in millions of dollars) each company will earn depending on whether it sets a high or low price for its tablets. For example, the lower-left cell shows that if Padmania prices low and Capturesque prices high, Padmania will earn a profit of $15 million and Capturesque will earn a profit of $2 million. Assume this is a simultaneous game and Padmania and Capturesque are both profit-maximizing firms.
Capturesque
Padmania high price low price
high price 11,11 2,15
low price 15, 2 8, 8
1. If Padmania prices high, Capturesque will make more profit if it chooses a _____ price, and if Padmania prices low, Capturesque will make more profit if it chooses a _____ price.
2. If Capturesque prices high, Padmania will make more profit if it chooses a _____ price, and if Capturesque prices low, Padmania will make more profit if it chooses a _____ price.
3. Considering all of the information given, pricing low _____ a dominant strategy for both Padmania and Capturesque.
4. If the firms do not collude, what strategies will they end up choosing?
a. Both Padmania and Capturesque will choose a low price.
b. Padmania will choose a high price and Capturesque will choose a low price.
c. Both Padmania and Capturesque will choose a high price.
d. Padmania will choose a low price and Capturesque will choose a high price.
5. True or False: The game between Padmania and Capturesque is an example of the prisoners' dilemma.
Answer:
low low
2. low low
3. pricing low is a dominant strategy for Padmania and Capturesque.
4. price low
5. yes
Explanation:
Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.
Dominant strategy is the best option for a player regardless of what the other player is playing.
Nash equilibrium is the best outcome for players where no player has an incentive to change their decisions.
A prisoner's dilemma is when there is a motivation for a player to make a decision that would create a less optimal outcome for other players
If Padmania prices high, Capturesque can either charge low or high. If it charges low, it would earn 15 and if it charges high, it would earn 11. It is better to charge low.
if Padmania prices low, Capturesque can either charge low or high. If it charges low, it would earn 8 and if it charges high, it would earn 2. It is better to price low
If Capturesque prices high, Padmania can either charge low or high. If it charges low, it would earn 15 and if it charges high, it would earn 11. It is better to charge low.
If Capturesque prices low, Padmania can either charge low or high. If it charges low, it would earn 8 and if it charges high, it would earn 2. It is better to charge low.
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates:
Department
Cutting Finishing
Direct labor-hours 6,100 72,000
Machine-hours 59,000 3,200
Total fixed manufacturing overhead cost $390,000 $443,000
Variable manufacturing overhead per machine-hour $3.00 -
Variable manufacturing overhead per direct labor-hour - $4.75
a. Compute the predetermined overhead rate to be used in each department.
b. Assume that the overhead rates you computed in (1) above are in effect. The job cost sheet for Job 203, which was started and completed during the year, showed the following:
Department
Cutting Finishing
Direct labor-hours 4 19
Machine-hours 80 4
Materials requisitioned $770 $360
Direct labor cost $36 $180
Compute the total manufacturing cost assigned to Jobe 203.
c. Would you expect substantially different amounts of overhead cost to be charged to some jobs if the company use a plantwide overhead rate based on direct labor-hours instead of using departmental rates?
Answer:
White Company
a. Predetermined overhead rates:
Departments Cutting Finishing
Total fixed manufacturing overhead cost $390,000 $443,000
Usage 6,100 3,200
Fixed overhead cost per unit $6.61 $6.15
Variable overhead cost per unit $3.00 $4.75
Predetermined overhead rates $9.61 $10.90
b. Job 203:
Department
Cutting Finishing
Direct labor-hours 4 19
Machine-hours 80 4
Materials requisitioned $770 $360
Direct labor cost $36 $180
Total manufacturing cost assigned to Job 203:
Cutting Finishing
Materials requisitioned $770 $360
Direct labor cost $36 $180
Manufacturing overhead $769 $207
Total manufacturing costs $1,575 $747
c. Yes. The amounts of overhead cost assigned to some jobs would be substantially different.
Explanation:
a) Data and Calculations:
Departments Cutting Finishing
Direct labor-hours 6,100 72,000
Machine-hours 59,000 3,200
Total fixed manufacturing overhead cost $390,000 $443,000
Variable manufacturing overhead per m/h $3.00 -
Variable manufacturing overhead per dlh - $4.75
I knew their support was conditional even though they seemed friendly (use unconditional)
Answer:
I know their support was not unconditional though they seem friends.
Explanation:
If you are the Bhutanese student then I am sure this question came in 2017 BHSEC. Best of luck.
A company has determined that its Recovery Time Objective (RTO) for a critical system is three minutes. In order to ensure the continuous availability of its critical systems, the company should consider:
Answer:
An active-passive local server
Explanation:
Sofia worries that if something happens to her husband and he dies, she will lose everything—their home, their cars, etc. Which type of business should Sofia consult to see if there is a plan available to cover her expenses if her husband dies?
A.
stock-held savings institution
B.
web-only financial institution
C.
mutual fund company
D.
life insurance company
Answer:
D
Explanation:
She is worried about losing everything and having life insurance is what everyone does when wanting to keep something after a love one dies.
Answer:
D.
life insurance company
Explanation:
D.
life insurance company
what is political geography
Explanation:
Political geography is concerned with the study of both the spatially uneven outcomes of political processes and the ways in which political processes are themselves affected by spatial structures.
MARK AS BRAINLIEST PLEASE
Answer:
Is concerned with the study of both uneven spatially outcomes of processes from politics and the ways in which political processes are affected by spatial structures!