Answer:
Have flexibility and adaptability.
Explanation:
A radical innovation also known as the disruptive innovation is an innovative approach aimed at destroying or supplanting old business strategies and models with an invention to breakthrough and change the whole industries by creating new products.
Because workgroups develop their own subcultures, intranets build a common cultural foundation that can help unify employees in different units and locations around common company values.
An effective way to deal with change and innovation is to have flexibility and adaptability.
This ultimately implies that, an entrepreneur or business owner should be flexible and adaptive to changes in the industry, as well as developing the courage to follow his or her brilliant ideas.
How did the Internet help give rise to the “sharing economy?”
By the means of internet apps that rent directly to consumers or connect consumer peer to peer access. For an example eBay was one of the first enablers of the sharing economy since it provided a global marketing where anyone could purchase or sell goods.
Sean and Yvette Durand live in Swarthmore, PA. Yvette's father, Bob, lives in Sweden. For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (I), government purchases (G), exports (X), or imports (M). Check all that apply.
a. Yvette's father in Sweden orders a bottle of Vermont maple syrup from the producer's website.
b. Sean buys a sweater made in Guatemala.
c. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.
d. Sean's employer upgrades all of its computer systems using U.S.-made parts.
e. Yvette gets a new refrigerator made in the United States.
Answer:
Any help
Explanation:
I need acndndndndndndmdndbdbzjdjdbdbddjwbbsbxbxbxbxbdhdbdb
Poehling Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On January 1 of the current year, the annual operating room overhead is estimated to be: Disposable supplies $278,900 Depreciation expense 69,800 Utilities 29,800 Nurse salaries 259,300 Technician wages 118,200 Total operating room overhead $756,000 The overhead costs will be assigned to procedures, based on the number of surgical room hours. Poehling Medical Center expects to use the operating room an average of eight hours per day, seven days per week. In addition, the operating room will be shut down two weeks per year for general repairs. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.1. Determine the predetermined operating room overhead rate for the year.
2. Bill Harris has a five-hours procedure on Jan 22. How much operating room overhead would be charged to his procedure, using the rate determined in part 1?
3. During January, the operating room was used 240 hours. The actual overhead costs incurred for January were $67,250. Determine the overhead under or over applied for the period.
Answer:
Results are below.
Explanation:
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Total number of surgical room hours= (8*7)*52= 2,912 hours
Predetermined manufacturing overhead rate= 756,000 / 2,912
Predetermined manufacturing overhead rate= $259.61 per surgical room hour
Now, we can allocate costs using the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 259.61*5
Allocated MOH= $1,298.05
Finally, the under/over allocation for January:
Under/over applied overhead= real overhead - allocated overhead
Allocated overhead= 259.61*240= $62,306.4
Under/over applied overhead= 67,250 - 62,306.4
Underapplied overhead= $4,943.6
Declining Balance Depreciation Irons Delivery Inc. purchased a new delivery truck for $40,600 on January 1, 2019. The truck is expected to have a $2,000 residual value at the end of its 5-year useful life. Irons uses the double-declining-balance method of depreciation. Required: Prepare the journal entry to record depreciation expense for 2019 and 2020.
Answer:
A. Depreciation expense $16240
Cr Accumulated depreciation $16240
B. Dr Depreciation expense $9744
Cr Accumulated depreciation $9744
Explanation:
A. Preparation of the journal entry to record depreciation expense for 2019 and 2020.
Dr Depreciation expense $16240
Cr Accumulated depreciation $16240
(Record double-declining-balance depreciation expense)
Depreciation expense for 2019= $40,600 × (1/5 × 2)
Depreciation expense for 2019= $16240
B. Preparation of the journal entry to record depreciation expense for 2020
Dr Depreciation expense $9744
Cr Accumulated depreciation $9744
[($40,600 –$16,240) × (1/5 × 2) = 9744]
(Record double-declining-balance depreciation expense)Depreciation expense for 2020
06-14 Calculating EAR [LO4] First National Bank charges 13.1 percent compounded monthly on its business loans. First United Bank charges 13.4 percent compounded semiannually. Calculate the EAR for First National Bank and First United Bank. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) As a potential borrower, which bank would you go to for a new loan
Answer:
13.92%
13.85%
Explanation:
Effective annual interest = (1 + periodic interest)^m - 1
m = number of compounding
Periodic interest = annual interest rate / number of compounding
(1 + 0.131/12)^12 - 1 = 13.92%
(1 + 0.134/2)^2 - 1 = 13.85%
When the original poverty line was created, even some people living above the poverty line did not have access to a phone or running water in their homes.
Today, running water is expected. Beyond that, the norm for our contemporary society includes having cell phones and internet access. In fact, the U.S. government provides grants to bring high-speed in-home internet access to underserved rural areas.
Consider both the benefits and the shortcomings of the U.S. poverty line as a means of assessing poverty today.
The U.S. poverty line was originally set at
a. an income level of $1.90 per day.
b. sufficient income to provide for a family of four.
c. one-third of the median income in the United States.
d. three times the cost of a low-cost food plan.
Answer:
d. three times the cost of a low-cost food plan.
Explanation:
The U.S. poverty line is measured based on three times the cost of low-cost food plan. The people in the rural areas are considered more poor and they are provided with basic necessities. The U.S. government takes initiatives to encourage rural population to contribute their expertise and strengths in some projects. They provide welfare benefit to those who are needy and can not survive on their earnings.
Dwayne Wade Company recently signed a lease for a new office building, for a lease period of 10 years. Under the lease agreement, a security deposit of $12,000 is made, with the deposit to be returned at the expiration of the lease, with interest compounded at 5% per year.
What amount will the company receive at the time the lease expires?
Answer:
The correct answer is "$19,546.74".
Explanation:
The given values are:
Amount,
= $12,000
Years,
= 10
Interest rate,
= 10%
Now,
The future value will be:
⇒ [tex]Future \ value=Amount\times (1+Rate)^{Years}[/tex]
On substituting the given values in the above formula, we get
⇒ [tex]=12000\times (1+5 \ percent)^{10}[/tex]
⇒ [tex]=12000\times (1+0.05)^{10}[/tex]
⇒ [tex]=12000\times (1.05)^{10}[/tex]
⇒ [tex]=19,546.74[/tex] ($)
A sales representative lives in Bloomington and must be in Indianapolis next Thursday. On each of the days Monday, Tuesday, and Wednesday, he can sell his wares in Indianapolis, Bloomington, or Chicago. From past experience, he believes that he can earn $12 from spending a day in Indianapolis, $16 from spending a day in Bloomington, and $17 from spending a day in Chicago. Where should he spend the first three days
Answer:
Bloomington.
Explanation:
Since a sales representative lives in Bloomington and must be in Indianapolis next Thursday, and on each of the days Monday, Tuesday, and Wednesday, he can sell his wares in Indianapolis, Bloomington, or Chicago, and from past experience, he believes that he can earn $ 12 from spending a day in Indianapolis, $ 16 from spending a day in Bloomington, and $ 17 from spending a day in Chicago, to determine where he should spend the first three days, the following calculation must be performed:
Indianapolis: 12 x 3 = 36
Bloomington: 16 x 3 = 48
Chicago: 17 x 3 = 51
Thus, in principle, the representative should spend his 3 days in Chicago, but if the cost of travel is discounted, he should spend those 3 days in Bloomington, since he will earn more money than if he moves in advance to Indianapolis.
Which of the following statements is correct concerning liability when a partner in a general partnership commits a tort while engaged in partnership business? A. The partner committing the tort is the only party liable. B. The partnership is the only party liable. C. Each partner is jointly and severally liable. D. Each partner is liable to pay an equal share of any judgment.
The statement is correct concerning liability when a partner in a general partnership commits a tort while engaged in partnership business that is "each partner is jointly and severally liable". The correct option is C.
In a general partnership, each partner shares joint and several liability for the actions and liabilities of the partnership.
If a partner commits a tort while engaged in partnership business, the injured party can hold the partnership and all individual partners personally liable for any resulting damages.
This means that the injured party can choose to pursue a claim against the partnership as a whole or against any individual partner or a combination of partners, depending on their preference or ability to satisfy the judgment.
Therefore, the correct option is C.
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Explain what boundaries are and why they are important in decision-making.
Answer:
boundaries are that invisible line in social structure that people try not to cross lest by accident.
Explanation:
When you are making decisions you always have to think of the outcome or else you could end up doing something bad or wrong. Boundaries in decisions making are so you don't just go and do whatever without thinking. we as humans subconsciously try not to cross other people's boundaries for mainly two reasons. The first is it makes people feel uncomfortable. The second is that it brings out our inner guilt. if you cross someone's boundaries you will most likely realize it imededietly and to to back off instinctively.
I hope this helps!
The trading securities portfolio of Jerome, Inc., had a total cost of $3,000 and
a fair value of $2,800 on December 31, which is the first year it held trading
securities. Complete the necessary adjusting entry by selecting the account
names from the pull-down menus and entering dollar amounts in the debit and credit columns
Answer and Explanation:
The journal entry is shown below:
Unrealized Loss - Income ($3,000 - $2,800) $200
To Fair value adjustment - trading $200
(being the adjustment to fair value for trading securities is recorded)
Here the unrealized loss would be debited and the fair value adjustment would be credited
Crane Co. has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to accrue interest except at December 31.
Nov. 1 Loaned $66,600 cash to C. Bohr on a 12-month, 6% note.
Dec. 11 Sold goods to K. R. Pine, Inc., receiving a $7,200, 90-day, 6% note.
Dec. 16 Received a $9,600, 180-day, 8% note to settle an open account from A. Murdock.
Dec. 31 Accrued interest revenue on all notes receivable.
Required:
Journalize the transactions for Crane Company
Answer:
Nov 1
Debit : Note Receivable - C. Bohr $66,600
Credit : Cash $66,600
Dec. 11
Debit : Note Receivable - K. R. Pine, Inc. $7,200
Credit : Sales $7,200
Dec. 16
Debit : Cash $9,600
Credit : Note Payable - A. Murdock $9,600
Dec. 31
Debit : Note Receivable - C. Bohr $666
Debit : Note Receivable - K. R. Pine, Inc. $100.80
Credit : Interest Income $766.80
Dec 31
Debit : Interest expense $64
Credit : Note Payable - A. Murdock $64
Explanation:
Interest Income calculations :
Note Receivable - C. Bohr = $66,600 x 2/12 x 6 % = $666
Note Receivable - K. R. Pine, Inc = $7,200 x 21/ 90 x 6 % = $100.80
Interest expense calculations :
Note Payable - A. Murdock $9,600 x 15 / 180 x 8 % = $64
Strong brand names: multiple choice 1 are easy to create. guarantee brand loyalty. guarantee product quality. act as a signal of quality. A negative impact of branding is that: multiple choice 2 it makes firms with no reputation more competitive. it may create false perceptions about product differences. it provides additional information to buyers. it may encourage firms to create quality products.
Answer:
1. Strong brand names:
guarantee brand loyalty.
2. A negative impact of branding is that:
it may create false perceptions about product differences.
Explanation:
Brand names differentiate the products and services of competitors providing similar goods and services. It is usually represented as a logo. To make the brand name strong, the brand should reflect the style of customer services, marketing materials, and advertising chosen by a particular company in a competitive market.
A businessperson is setting up a new automatic car wash and is choosing between two fully automated machines. The first machine can process up to 2,000 cars per month at a marginal cost of $1 per car. The second machine can also process up to 2,000 cars per month but at a marginal cost of $0.50 per car. The monthly lease for the machine with the higher marginal cost is $1,200. The monthly lease for the machine with the lower marginal cost is $1,590 The car wash can sell car washes for $8 per car. 1. Suppose the businessperson chooses to lease the machine with the higher marginal cost for the first month and does indeed wash 2,000 cars that month. The businessperson earned profits of____________ $ in the first month. 2. Suppose now the businessperson chooses to lease the machine with the lower marginal cost for the second month and again washes 2,000 cars that month. The businessperson earned profits of __________$ in the second month. 3. The car wash would have to wash ____________cars or more per month in order to justify paying the higher-priced machine lease.
Answer:
i wil do it asap asap
Explanation:
asap asap
Leroy ordered a DVD player for his son's birthday. While the manufacturer guaranteed that it would ship the player within ten business days, the player was not shipped until three months after Leroy placed his order. By the time the DVD player arrived, Leroy's son's birthday had long since passed. When the player arrived, Leroy refused to sign for it. Under these circumstances:
A. Leroy holds title to the DVD player.
B. The manufacturer can only regain title if it sues Leroy.
C. Leroy and the manufacture have joint title.
Answer:
C. Leroy and the manufacturer have joint title
Suppose that you have found the optimal risky combination using all risky assets available in the economy, and that this optimal risky portfolio has an expected return of 0.2 and standard deviation of 0.2. The T-bill rate is 0.05. If your risk-return preferences are best described by the utility function in this class, with a risk-aversion coefficient of 4.6. What is the expected return on your optimal complete portfolio
Answer:
d
Explanation:
Marketers competing on product attributes and image are said to be participating in:
Answer:
nonprice competition
Explanation:
Marketers battling on product characteristics and image is defined as Non-price competition.
What is Non-price competition?Non-price competition is a strategy that implies attracting customers and increasing sales by providing superior product quality, a unique selling proposition, a great location, and excellent service rather than lower prices. It helps brands stand out and win new consumers
It is a type of competitiveness wherein the two or more manufacturers exploit elements such as marketing, transportation, or customer support to raise demand for their products rather than price.
Therefore, it can be concluded that Non-price competition is characterized as manufacturers competing on product qualities and appearance.
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We have created the following Planned Production Orders over the planning period: 150 Product A We have the following Raw Materials on hand and available to be dedicated to these Planned Production Orders: Enough Raw Materials to product 90 Product A There are Purchase Orders at our suppliers for the following Raw Materials: 20 Product A
How many products should we order on New Purchase Orders with our suppliers?
Answer: 40 products
Explanation:
There is a need to produce 150 products.
There is enough materials to produce 90 products out of this 150.
There are purchase orders for materials for 20 more products out of this.
Number of products that should be ordered is the remaining figure:
= 150 - 90 - 20
= 40 products
The number of products that should be ordered is 40 products on the new purchase orders with our suppliers. This is part of a planned production order.
What do you mean by planned production?Production planning is the planning of production and manufacturing modules in a company or industry.
As per the question, there is a need to produce 150 products and there are enough materials to produce 90 products out of these 150.
We have purchase orders for materials for 20 more products out of this.
Therefore, the number of products that should be ordered is the remaining figure:
[tex]\rm\,Number \;of \; Products \;that \; should \;be \;ordered = 150 - 90 - 20\\\\\\rm\,Number \;of \; Products \;that \; should \;be \;ordered = 40 \;products[/tex]
Hence, the number of products that should be ordered is 40 products.
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Nelter Corporation, which has only one product, has provided the following data concerning its most recent month of operations:Selling price $ 122Units in beginning inventory 290Units produced 6,600Units sold 6,590Units in ending inventory 300Variable costs per unit:Direct materials $ 42Direct labor $ 26Variable manufacturing overhead $ 2Variable selling and administrative expense $ 21Fixed costs:Fixed manufacturing overhead $ 151,800Fixed selling and administrative expense $ 46,130The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month.Required:a. Prepare a contribution format income statement for the month using variable costing.b. Prepare an income statement for the month using absorption costing.
Answer:
Part a
Nelter Corporation
Contribution format income statement for the month using variable costing
Sales ($ 122 x 6,590) $803,980
Less Cost of Goods Sold
Beginning Inventory $20,300
Add Cost of Goods Manufactured $462,000
Less Ending Inventory ($21,000) ($461,300)
Contribution $342,680
Less Expenses
Selling and administrative expense :
Variable ($21 x 6,590) $138,390
Fixed $46,130
Fixed manufacturing overhead $ 151,800 ($336,320)
Net Income (Loss) $6,360
Part b
Nelter Corporation
Income statement for the month using absorption costing
Sales ($ 122 x 6,590) $803,980
Less Cost of Goods Sold
Beginning Inventory $26,970
Add Cost of Goods Manufactured $613,800
Less Ending Inventory ($27,900) ($612,870)
Gross Profit $191,110
Less Expenses
Selling and administrative expense :
Variable ($21 x 6,590) $138,390
Fixed $46,130 ($184,520)
Net Income (Loss) $6,590
Explanation:
Variable Costing Calculations
Unit Product Cost = Variable Manufacturing Costs
= $ 42 + $ 26 + $ 2
= $ 70
Cost of Goods Manufactured = 6,600 x $ 70 = $462,000
Opening Inventory = 290 x $ 70 = $20,300
Ending Inventory = 300 x $70 = $21,000
Absorption Costing Calculations
Unit Product Cost = Variable Manufacturing Costs
= $ 42 + $ 26 + $ 2 + ($ 151,800 ÷ 6,600)
= $ 42 + $ 26 + $ 2 + $23
= $93
Cost of Goods Manufactured = 6,600 x $93 = $613,800
Opening Inventory = 290 x $93 = $26,970
Ending Inventory = 300 x $93 = $27,900
Nemo Gill was hired by the Spectacular Tropical Aquarium and agreed to submit any disputes arising out of his employment to binding arbitration. Nemo was fired when he became a Rastafarian and urged his coworkers to become vegetarians and smoke ganja. Without waiting for the results of the arbitration, Nemo filed a complaint alleging religious discrimination with the EEOC. The EEOC quickly filed a lawsuit on his behalf. Spectacular moved to have the EEOC's lawsuit dismissed on the grounds that Nemo signed a valid arbitration agreement.
a. The EEOC cannot bring a lawsuit enforcement action against Spectacular because Nemo signed the mandatory arbitration agreement.
b. The EEOC can bring a lawsuit enforcement action against Spectacular despite Nemo's agreeing to arbitration.
c. The EEOC cannot bring a lawsuit enforcement action against Spectacular because Nemo did not wait for the results of the arbitration.
d. The EEOC cannot bring a lawsuit enforcement action against Spectacular because Nemo's urging his co-workers to smoke ganja and become vegetarians had nothing to do with his job.
Answer:
The correct answer to the question above is OPTION B (The EEOC can bring a lawsuit enforcement action against Spectacular despite Nemo's agreeing to arbitration).
Explanation:
Companies (mostly private) usually desire their employees to sign an arbitration agreement giving the fact that it removes the power of an employee to take the employer to court on certain claims instead the claims go through an arbitration proceeding that happens outside of court.
EEOC (Equal Employment Opportunity Commission) enforces the laws of the state that prohibits discrimination against employees by their employers because of where they come from, their religion, their marital status, sex, their citizenship, and a whole lot more.
So, the EEOC can bring a lawsuit enforcement action against Spectacular despite Nemo's agreeing to arbitration because the EEOC itself was not a party to the arbitration agreement between Spectacular and Nemo, and the U. S. Supreme Court gave EEOC the power to exercise its enforcement powers.
Matlock Company uses a periodic inventory system. Its beginning inventory consists of 50 units that cost $ 34 each. On June 3, the company purchased 150 units at $ 34 each. On June 15, the company sold 125 units at $ 50 each. Thecompany closes the books on June 30. The physical counts indicate that 75 units are available in the warehouse on June 30. Journalize the June transactions.
Answer:
Matlock Company
Journal Entries:
June 3: Debit Inventory $5,100
Credit Cash $5,100
To record the purchase of inventory.
June 15: Debit Cash $6,250
Credit Sales revenue $6,250
To record the sale of goods.
June 15: Debit Cost of goods sold $4,250
Credit Inventory $4,250
To record the cost of goods sold.
Explanation:
a) Data and Analysis:
June 3: Inventory $5,100 Cash $5,100
June 15: Cash $6,250 Sales revenue $6,250
June 15: Cost of goods sold $4,250 Inventory $4,250
A researcher sets up an experiment involving the use of some sophisticated equipment. The research proposal is approved by the IRB and a grant to cover the cost of the equipment is received from a funding agency. The researcher does not mention that he owns stock in the company he chooses to supply the equipment. The same type of equipment is available from other companies, of comparable quality and price. Is this ethical or unethical
Answer:
This is unethical
Explanation:
Unethical behaviour is defined as a behaviour that is considered o be morally wrong for a group of people or in a given industry.
In the given scenario the researcher is using sophisticated equipment for an experiment.
He chose a company that he has shares in to supply the equipment.
This can be seen as a use of his influence for financial gain that is outside the normal compensation he is receiving
Three identical units of merchandise were purchased during July, as follows: Date Product T Units Cost July 3 Purchase 1 $31 10 Purchase 1 34 24 Purchase 1 37 Total 3 $102 Average cost per unit $34 Assume one unit sells on July 28 for $48. Determine the gross profit, cost of goods sold, and ending inventory on July 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) average cost flow methods.
Answer:
(a) first-in, first-out,
Cost of Sales = $31
Ending Inventory = $71
Gross Profit = $17
(b) last-in, first-out,
Cost of Sales = $37
Ending Inventory = $65
Gross Profit = $17
(c) average cost flow methods.
Cost of Sales = $48
Ending Inventory = $96
Gross Profit = $0
Explanation:
(a) first-in, first-out,
FIFO method assumes that the units to arrive first, will be sold first. This means cost of sales will be based on earlier (old) prices whilst inventory valuation will be on recent (new) prices.
Cost of Sales = 1 x $31 = $31
Ending Inventory = 1 x $34 + 1 x $37 = $71
Gross Profit = $48 - $31 = $17
(b) last-in, first-out,
LIFO method assumes that the units to arrive last will be sold first. This means cost of sales will be based on recent (new) prices whilst inventory valuation will be on earlier (old) prices.
Cost of Sales = 1 x $37 = $37
Ending Inventory = 1 x $34 + 1 x $31 = $65
Gross Profit = $48 - $37 = $17
(c) average cost flow methods.
This method calculates a new average unit cost with each and every purchase made. This unit cost is used to determine the cost of sales and inventory value.
Cost of Sales = 1 x $48 = $48
Ending Inventory = 2 x $48 = $96
Gross Profit = $48 - $48 = $0
Mariana works for a large pharmaceutical company. Last week she visited with an advisor at the nearby university because her employer encourages workers to continue their education. The company even gives employees time off to go to academic-related appointments during regularly scheduled work hours. One would assume that management at Mariana's company values the results of the Hawthorne studies, more so than traditional scientific management principles.
a. true
b. false
For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows: Pretax accounting income 285,000 Temporary difference-depreciation (20,000) Taxable income $ 265,000 Tringali's tax rate is 40%. Assume that no estimated taxes have been paid. What should Tringali report as income tax payable for its first year of operations
Answer:
$106,000
Explanation:
Calculation to determine What should Tringali report as income tax payable for its first year of operations
Using this formula
Income tax payable=Taxable income*Tringali's tax rate
Let plug in the formula
Income tax payable=265,000 x 40%
Income tax payable= $106,000
Therefore the amount that Tringali should report as income tax payable for its first year of operations is $106,000
it takes fena tailoring 2 hr of cutting and 4 hr of sewing to make a tiered silk organza bridal dress. it takes 4 hr of cutting and 2 hr of sewing to make a lace sheath bridal dress. the shop has at most 18 hr per week available for cutting and at most 18 hr per week for sewing. the profit is $318 on an organza dress and $167 on a lace dress. how many of each kind of bridal dress should be made each week in order to maximize profit
Answer:
Fena should make 2 organza bridal dresses and 4 lace dresses which will yield maximum profit of $1,498.
Explanation:
Fena has choice between two types of bridal dresses for stiching. She can make either organza dresses or lace dresses. The combination of both dress will be identified by equation :
P = 318x + 216y
2x + 4y ≤ 18
3x + 2y ≤ 24
solving the equation we will get maximum profit of $1,498.
9. Matilda just graduated from college. In order to devote all her efforts to college, she did not hold a job. Matilda just graduated from college. In order to devote all her efforts to college, she did not hold a job. She is going to cruise around the country on her motorcycle for a month before she starts looking for work. Other things the same, the unemployment rate ____________ and the labor force participation rate ______________.
Answer:
Remain the same; remain the same.
Explanation:
Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed. The unemployment rate is divided into various types, these include;
I. Natural Rate of Unemployment (NU).
II. Frictional unemployment rate (FU).
III. Structural unemployment rate (SU).
IV. Actual unemployment rate (AU).
V. Cyclical unemployment rate (CU).
There are different measures used in the measurement of the unemployment rate in a country's economy and these includes;
A. U-1: this is the percentage of people that are unemployed for at least 15 weeks or more.
B. U-2: this is the percentage of the people who have lost their job or the people that finished a temporary job.
C. U-3: this is the percentage of the population that is unemployed but actively seeking employment.
All things being equal (ceteris paribus), the unemployment rate would remain the same and the labor force participation rate remain the same because Matilda has decided to cruise around the country on her motorcycle for a month before she starts looking for work.
You are the manager of a small hotel with 40 rooms in Niagara. Your business has dropped almost 90% in recent months. Your cash remaining is enough to run the business for 3 more months.
Apply the 6 thinking hats approach, what would you recommend to do if you were:
1. wearing a blue hat?
2. wearing a white hat?
3. wearing a green hat?
4. wearing a red hat?
5. wearing a yellow hat?
6. wearing a black hat?
After considering the views from different perspectives, what is your recommendation?
Ace Company purchased 10,000 bonds issued by Jack Company in 2018 for $53 per bond and classified the investment as securities available-for-sale. The value of the Jack investment was $83 per bond on December 31, 2019, and $100 per bond on December 31, 2020. During 2021, Ace sold all of its Jack investment at $148 per bond. In its 2021 income statement, Ace would report: Multiple Choice A gain of $950,000. A gain of $480,000. A gain of $470,000. A gain of $1,420,000.
Answer:
A gain of $950,000
Explanation:
The computation is shown below:
= ($83 - $53) × 10,000 bonds + ($100 - $83) × 10,000 bonds + ($148 - $100) × 10,000 bonds
= $300,000 + $170,000 + $480,000
= $950,000
Hence, the first option is correct
Vince says that the present value of $500 to be received one year from today if the interest rate is 8 percent is more than the present value of $500 to be received two years from today if the interest rate is 4 percent. Terri says that $500 saved for two years at an interest rate of 3 percent has a larger future value than $500 saved for one years at an interest rate of 6 percent. a. Both Vince and Terri are correct. b. Only Vince is correct. c. Only Terri is correct. d. Neither Vince nor Terri is correct.
Answer:
A
Explanation:
To determine if Vince is right, we have to determine the present value of the amounts
Present value is the sum of discounted cash flows
Present value of $500 to be received one year from today500 / 1.08 = $462.96
Present value of $500 to be received two years from today500 / (1.04^2) = $462.28
$462.96 > $462.28 Vince is right
To determine if Terri is right, we have to determine the future value of the amounts
The formula for calculating future value:
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
500 x (1.03)^2 = $530.45
500 x (1.06) = $530
$530.45 > $530 Terri is right
they are both correct