Explanation:
85 ÷ 25.5 = 0.3
0.3 × 100 = 30%
A company just starting business made the following four inventory purchases in June: Date Number of units purchased Total cost June 1 160 units $ 350 June 10 220 units 580 June 15 220 units 700 June 28 130 units 560 $2190 A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30 is
Answer:
cap
Explanation:
What effect did Law’s actions have on France?
Answer:
Law's actions halted the financial development of France and caused a steep rise in inflation 3. Why was gold and silver important? Paper money had lost its value, but gold and silver could not be duplicated and therefore maintained its rarity and holding its value.
Explanation:
pls mark brainliest :)
Answer: the financial development of France and caused a steep rise in inflation
Explanation:
On January 1, X9, Gerald received his 50 percent profits and capital interest in High Air, LLC, in exchange for $3,800 in cash and real property with a $4,800 tax basis secured by a $3,800 nonrecourse mortgage. High Air reported a $16,800 loss for its X9 calendar year. How much loss can Gerald deduct, and how much loss must he suspend if he only applies the tax basis loss limitation
Answer:
Loss deducted : $6,700Loss suspended: $1,700Explanation:
First find his initial basis:
= Cash + Real property - Nonrecourse mortgage + (Nonrecourse mortgage * 50%)
= 3,800 + 4,800 - 3,800 + (3,800 * 50%)
= $6,700
Loss attributable to Gerald:
= 16,800 * 50%
= $8,400
Loss deductible is the initial basis if the loss is more than the basis.
Loss suspended = Loss attributable to Gerald - Initial basis
= 8,400 - 6,700
= $1,700
Pharoah Warehouse distributes hardback books to retail stores and extends credit terms of 2/10, n/30 to all of its customers. During the month of June, the following merchandising transactions occurred. June 1 Purchased books on account for $2,490 (including freight) from Catlin Publishers, terms 2/10, n/30. 3 Sold books on account to Garfunkel Bookstore for $1,300. The cost of the merchandise sold was $900. 6 Received $90 credit for books returned to Catlin Publishers. 9 Paid Catlin Publishers in full. 15 Received payment in full from Garfunkel Bookstore. 17 Sold books on account to Bell Tower for $1,400, terms of 2/10, n/30. The cost of the merchandise sold was $800. 20 Purchased books on account for $800 from Priceless Book Publishers, terms 2/15, n/30. 24 Received payment in full, less discount from Bell Tower. 26 Paid Priceless Book Publishers in full. 28 Sold books on account to General Bookstore for $2,650. The cost of the merchandise sold was $850. 30 Granted General Bookstore $260 credit for books returned costing $90. Journalize the transactions for the month of June for Pharoah Warehouse, using a perpetual inventory system.
Answer:
Pharoah Warehouse
Journal Entries:
June 1: Debit Inventory $2,490
Credit Accounts Payable (Catlin Publishers) $2,490
To record the purchase of inventory on account, terms 2/10, n/30.
June 3: Debit Accounts Receivable (Garfunkel Bookstore) $1,300
Credit Sales Revenue $1,300
To record the sale of goods on account with usual credit terms.
Debit Cost of Goods Sold $900
Credit Inventory $900
To record the cost of goods sold.
June 6: Debit Accounts Payable (Catlin Publishers) $90
Credit Inventory $90
To record the return of inventory.
June 9: Debit Accounts Payable (Catlin Publishers) $2,400
Credit Cash $2,352
Credit Cash Discount $48
To record the payment on account.
June 15: Debit Cash $1,300
Credit Accounts Receivable (Garfunkel Bookstore) $1,300
To record the cash collection on account.
June 17: Debit Accounts Receivable (Bell Tower) $1,700
Credit Sales Revenue $1,700
To record the sale of goods on account.
Debit Cost of Goods Sold $800
Credit Inventory $800
To record the cost of goods sold.
June 20: Debit Inventory $800
Credit Accounts Payable (Priceless Book Publishers) $800
To record the purchase of goods on account, terms 2/15, n/30.
June 24: Debit Cash $1,666
Debit Cash Discounts $34
Credit Accounts Receivable (Bell Tower) $1,700
To record the collection of cash on account.
June 26: Debit Accounts Payable (Priceless Book Publishers) $800
Credit Cash $784
Credit Cash Discounts $16
To record payment on account.
June 28: Debit Accounts Receivable (General Bookstore) $2,650
Credit Sales Revenue $2,650
To record the sale of goods on account.
Debit Cost of Goods Sold $850
Credit Inventory $850
To record the cost of goods sold.
June 30: Debit Sales Returns $260
Credit Accounts Receivable (General Bookstore) $260
To record sales returns on account.
Debit Inventory $90
Credit Cost of Goods Sold $90
To record the cost of goods returned by a customer.
Explanation:
a) Data and Analysis:
Credit terms to all customers = 2/10, n/30. This means that 2% discount is granted to customers who pay within 10 days. Customers are expected to settle their accounts within 30 days after which, interest is charged on their accounts.
b) June 1: Inventory $2,490 Accounts Payable (Catlin Publishers) $2,490, terms 2/10, n/30.
June 3: Accounts Receivable (Garfunkel Bookstore) $1,300 Sales Revenue $1,300
Cost of Goods Sold $900 Inventory $900
June 6: Accounts Payable (Catlin Publishers) $90 Inventory $90
June 9: Accounts Payable (Catlin Publishers) $2,400 Cash $2,352 Cash Discount $48
June 15: Cash $1,300 Accounts Receivable (Garfunkel Bookstore) $1,300
June 17: Accounts Receivable (Bell Tower) $1,700 Sales Revenue $1,700
Cost of Goods Sold $800 Inventory $800
June 20: Inventory $800 Accounts Payable (Priceless Book Publishers) $800, terms 2/15, n/30.
June 24: Cash $1,666 Cash Discounts $34 Accounts Receivable (Bell Tower) $1,700
June 26: Accounts Payable (Priceless Book Publishers) $800 Cash $784 Cash Discounts $16
June 28: Accounts Receivable (General Bookstore) $2,650 Sales Revenue $2,650
Cost of Goods Sold $850 Inventory $850
June 30: Sales Returns $260 Accounts Receivable (General Bookstore) $260
Inventory $90 Cost of Goods Sold $90
The Widget Co. purchased new machinery three years ago for $4 million. The machinerycan be sold to the Roman Co. today for $2 million. The Widget Co.'s current balance sheetshows net fixed assets of $2,500,000, current liabilities of $1,375,000, and net working capitalof $725,000. If all the current assets were liquidated today, the company would receive $1.9million in cash. The book value of the Widget Co.'s assets today is _____ and the marketvalue of those assets is _____.
A. $4,600,000; $3,900,000
B. $4,600,000; $3,125,000
C. $5,000,000; $3,125,000
D. $5,000,000; $3,900,000
E. $6,500,000; $3,900,000
Answer: A. $4,600,000; $3,900,000
Explanation:
Based on the information that have been provided in the question, the book value will be calculated as:
= Net working capital + Current liabilities + Net fixed assets
= $725,000 + $1,375,000 + $2,500,000
= $4,600,000
Market value will be:
= $1,900,000 + $2,000,000
= $3,900,000
Therefore, the answer is option A.
An environmental soil cleaning company received a contract to remove BTEX contamination from an oil company tank farm site. The contract required the soil cleaning company to provide quarterly invoices for materials and services provided. If the material costs were $140,000 per quarter and the service charges were calculated as an additional 20% of the material costs, what is the present worth of the contract through the 3-year treatment period at an interest rate of 1% per month
Mayeux Corporation uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its costs and its activity-based costing system:
Costs:
Wages and salaries $320,000
Depreciation 160,000
Utilities 240,000
Total $720,000
Distribution of resource consumption:
Activity Cost Pools
Assembly Setting Up Other Total
Wages and salaries 50% 40% 10% 100%
Depreciation 10% 55% 35% 100%
Utilities 15% 50% 35% 100%
How much cost, in total, would be allocated in the first-stage allocation to the Setting Up activity cost pool?
A) $360,000.
B) $336,000.
C) $288,000.
D) $348,000.
Answer:
B) $336,000
Explanation:
Calculating cost to be allocated in the first-stage allocation to the Setting Up activity cost pool
Setting up Amount
Wages and salaries $128,000 [$320,000*40%]
Depreciation $88,000 [$160,000*55%]
Utilities $120,000 [$240,000*50%}
Total $336,000
The Bello Corporation wishes to accumulate $2,000,000 for plant expansion. The funds are required on January 1, 2026. Bello intends to make five equal annual deposits in a fund that will earn interest at 7% compounded annually. The first deposit is made on January 1, 2021. Present value and future value facts are as follows:Present value of $1 at 7% for 5 periods 0.713Present value of an ordinary annuity of $1 at 7% for 5 periods 4.1Future value of an ordinary annuity of $1 at 7% for 5 periods 5.75Future value of an annuity due of $1 at 7% for 5 periods 6.15What is the amount of the required annual deposit?a. $325,203b. $347,826c. $487,805d. $426,000
Answer:
Option a ($325,203) is the right response.
Explanation:
The given values are:
Required Lump sum amount,
= $2,000,000
Future value of an annuity,
= 6.15
Now,
As we know,
The required amount of annual deposit will be:
= [tex]\frac{Required \ lump \ sum \ amount}{Future \ value \ of \ an \ annuity}[/tex]
On substituting the given values, we get
= [tex]\frac{2,000,000}{6.15}[/tex]
= [tex]325,203.25[/tex]
i.e.,
= [tex]325,203[/tex] ($)
Which of the following is not true about emergency funds?
O They help remove the worry about expenses not listed in the budget.
O They help you prepare for unexpected expenses.
O They are used for anything listed in the budget.
O They can keep you from borrowing money from friends and family members.
Emergency funds are typically set aside to cover unexpected expenses that are not included in the regular budget. The statement "They are used for anything listed in the budget" is not true about emergency funds. Hence, option C is the correct answer.
These expenses may include medical emergencies, car repairs, home repairs, job loss, or any unforeseen financial hardships. The purpose of an emergency fund is to provide a financial safety net for unexpected situations that can disrupt one's financial stability.
On the other hand, expenses listed in the budget are part of the regular planned expenses, such as rent or mortgage payments, groceries, utilities, transportation, and other recurring costs.
Hence, option C is the correct answer.
Learn more about emergency funds here:
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In the trading of a security, the dealer's spread refers to _____. a. the sum of the bid and asked prices of a security, which represents the dealer's markup, or profit from a security transaction b. the difference between the bid and asked prices of a security, which represents the dealer's expenses from a security transaction c. the sum of the bid and asked prices of a security, which represents the dealer's revenue from a security transaction d. the difference between the bid and asked prices of a security, which represents the dealer's markup, or profit from a security transaction e. the ratio of the bid price of a security to its asked price, which represents the dealer's markup, or profit from a security transaction
Answer:
d. the difference between the bid and asked prices of a security, which represents the dealer's markup, or profit from a security transaction.
Explanation:
CAPM is an acronym for capital asset pricing model. The capital asset pricing model (CAPM) can be defined as a model or formula that can be used to calculate an investment risk and the expected return on an investment (assets).
Simply stated, the capital asset pricing model gives an investor the relationship between the risk of investing in securities and its expected returns. Thus, it assists investors in making well-informed decisions about whether or not to add to a portfolio.
Additionally, the expected return could be either a profit or loss depending on the risks associated with the securities.
Mathematically, the CAPM is given by this formula;
R_{a} = R_{rf} + \beta_{a} * (R_{m} - R_{rf})
Where;
R_{a} = Expected return on a security
R_{rf} = Risk-free rate
\beta_{a} = beta of the security
R_{m} = Expected return of the market
(R_{m} - R_{rf}) = Equity market premium
In the trading of a security, the dealer's spread refers to the difference between the bid and asked prices of a security, which represents the dealer's markup, or profit from a security transaction.
Simply stated, the bid-ask spread refers to the amount by which the bid price by a dealer is lower than the ask-price for a security or an asset in the market at a specific period of time.
The bid-ask spread exists because of the need for dealers to cover expenses and make a profit. A bid-ask spread is use in the transaction of the following items; options, future contracts, stocks, and currency pairs.
Generally, a dealer who is willing to sell an asset or securities would receive a bid price while the price at which the dealer is willing to sell his asset to another dealer (buyer) is the ask price.
Maryann is planning a wedding anniversary gift of a trip to Hawaii for her husband at the end of 3 years. She will have enough to pay for the trip if she invests $2,500 per year until that anniversary and plans to make her first $2,500 investment on their first anniversary. Assume her investment earns a 4 percent interest rate, how much will she have saved for their trip if the interest is compounded in each of the following ways
Answer:
The answer is "She saves [tex]\$7804[/tex] on the trip".
Explanation:
Please find the complete question in the attached file.
Given:
[tex](P) =\$2500\\\\(n) =3 \ years\\\\(r) = 4\%\\\\ \text{compounding period in year}\ (m) =1\\[/tex]
The formula for Effective annual rate [tex]= ((1+(\frac{r}{m}))^m)-1[/tex]
[tex]=((1+(\frac{4\%}{1}))^1)-1\\\\=((1+(\frac{4}{100}))^1)-1\\\\=((1+0.04)^1)-1\\\\=((1.04)^1)-1\\\\ =1.04-1\\\\ =0.04 \\\\ = 4\%\\\\[/tex]
Its potential value of its rental formula is used to measure the value of the rental at the middle of the 3rd year
The formula for the future annuity [tex]= P\times \frac{(((1+i)^n)-1)}{i}[/tex]
[tex]=2500\times \frac{(((1+0.04)^3)-1)}{0.04}\\\\=2500\times \frac{(((1.04)^3)-1)}{0.04}\\\\=2500\times \frac{(1.124864-1)}{0.04}\\\\=2500\times \frac{0.124864}{0.04}\\\\=2500\times 3.1216\\\\=7804[/tex]
Susan Barnes is a self-employed consultant. She travels to Chicago on June 30th for business purposes. She attends business meeting on July 1st and 2nd. She takes personal time on the 3rd and 4th of July. On the 5th of July, she returns home. She incurs the following expenses: Flight charge: $480 Lodging: $200 per day for June 30th, July 1st, July 2nd, July 3rd, and July 4th. Meals: 6/30: $40; 7/1: $70; 7/2: $70; 7/3: $70; 7/4: $70; 7/5: $40 What is Susan total deductible business expense for travel
Answer:
Susan Barnes
Total deductible business expenses:
= $1,300.
Explanation:
a) Data and Calculations:
Dates for business meetings = July 1st and 2nd
Flight charge = $480
Lodging for 3 days = $600 ($200 *3)
Meals for 3 days:
6/30: $40;
7/1: $70;
7/2: $70
7/5: $40
Total for meals = $220
Total business expense = $1,300 ($480 + $600 + $220)
b) According to the IRS (Internal Revenue Service), business expenses have been defined as any expenses that are "helpful and appropriate" for a business. This definition excludes lodging and meal expenses incurred by Susan on July 3rd and July 4th, when she takes personal time.
Crane uses the periodic inventory system. For the current month, the beginning inventory consisted of 7100 units that cost $12.00 each. During the month, the company made two purchases: 2800 units at $13.00 each and 12000 units at $13.50 each. Crane also sold 12700 units during the month. Using the LIFO method, what is the ending inventory? $119140. $112500. $124200. $110400.
Answer:
Ending inventor cost= $124,200
Explanation:
Giving the following information:
Beginning inventory= 7,100 units that cost $12.00 each.
Purchases:
2,800 units at $13.00 each
12,000 units at $13.50 each
Units sold= 12,700
To calculate the ending inventory under the FIFO (first-in, first-out) method, we need to use the cost of the lasts units incorporated into inventory:
Ending inventory in units= 9,200
Ending inventor cost= 9,200*13.5
Ending inventor cost= $124,200
Assume the following information for a company that produced and sold 10,000 units during Year 1. It also produced 15,000 units and sold 12,000 units during Year 2, while producing 12,000 units and selling 15,000 units in year 3. Per Unit Per Year Selling price $ 240 Direct materials $ 85 Direct labor $ 60 Variable manufacturing overhead $ 10 Sales commission $ 11 Fixed manufacturing overhead $ 450,000 Fixed selling and administrative expense $ 150,000 Using absorption costing, what is the unit product cost for the units produced in Year 3
Answer:
$185
Explanation:
Unit Cost - Absorption Costing
Hint : Consider all manufacturing costs
Total unit Cost = $ 85 + $ 60 + $ 10 + $ 450,000/ 15,000 units
= $185
Using absorption costing, the unit product cost for the units produced in Year 3 is $185
Sims Company, a manufacturer of tablet computers, began operations on January 1, 2019. Its cost and sales information for this year follows. Manufacturing costs Direct materials $ 35 per unit Direct labor $ 55 per unit Overhead costs Variable $ 40 per unit Fixed $ 6,600,000 (per year) Selling and administrative costs for the year Variable $ 725,000 Fixed $ 4,250,000 Production and sales for the year Units produced 110,000 units Units sold 80,000 units Sales price per unit $ 350 per unit 1. Prepare an income statement for the year using variable costing. 2. Prepare an income statement for the year using absorption costing
Answer:
Results are below.
Explanation:
Absorption vs Variable costing method
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).
1) First, we need to calculate the total unitary variable cost:
Unitary production variable cost= 35 + 55 + 40= $130
Selling and administrative costs for the year Variable $ 725,000
Unitary total variable cost= 130 + (725,000 / 80,000)= $139.06
Now, the variable income statement:
Sales= 80,000*350= 28,000,000
Total variable cost= (80,000*139.06)=(11,124,800)
Total contribution margin= 16,875,200
Fixed overhead= (6,600,000)
Fixed Selling and administrative costs = (4,250,000)
Net operating income= 6,025,200
2) First, we need to calculate the unitary production cost:
Unitary production cost= 130 + (6,600,000/110,000)= $190
Now, the absorption costing income statement:
Sales= 28,000,000
COGS= 80,000*190= (15,200,000)
Gross profit= 12,800,000
Total Selling and administrative costs= (725,000 + 4,250,000)= (4,975,000)
Net operating income= 7,825,000
The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production $ 35 Selling and administrative $ 14 Fixed costs per year: Production $216,300 Selling and administrative $190,340 Last year, 7,210 units were produced and 7,110 units were sold. There was no beginning inventory. The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be:
Answer:
$3,500
Explanation:
Under variable costing method, product costs are calculated on variable manufacturing costs only.
Step 1 : Determine unit Product Cost
Product Cost = Variable Manufacturing Costs
= $ 35
Step 2 : Determine the units in Inventory
Units in Inventory = Opening Stock + Production - Sales
= 0 + 7,210 - 7,110
= 100 units
Step 3 : Determine Inventory value
Inventory value = Units x Cost per unit
= 100 units x $ 35
= $3,500
Conclusion :
the ending inventory of finished goods under variable costing would be: $3,500
Check my workCheck My Work button is now enabledItem 3 Sony introduces a new compact music player to compete with Apple's iPod that carries a two-year warranty against manufacturer's defects. Based on industry experience with similar product introductions, warranty costs are expected to be approximately 3% of sales. By the end of the first year of selling the product, total sales are $29.7 million, and actual warranty expenditures are $170,000. What amount (if any) should Sony report as a liability at the end of the year
Answer:
$721,000
Explanation:
The computation of the liability reported is shown below:
= Warranty liability - actual liability
= ($29,700,000 × 3%) - $170,000
= $891,000 - $170,000
= $721,000
We simply deduct the actual liability from the warranty liability so that the liability amount could come
Given the following information, how much cash is collected in February? January Total Sales = $500,000 February Total Sales = $400,000 Assumptions for the budget: • 20 percent is collected in the month of sales • 75 percent is collected in the next month • 2 percent is taken as a cash discount • 3 percent will not be collected because accounts are written off as bad deb
Answer:
$455,000
Explanation:
Calculation to determine how much cash is collected in February
Cash collected in February=($500,000 x.75 )+ ($400,000 x.20)
Cash collected in February=$375,000+$80,000
Cash collected in February= $455,000
Therefore The amount of Cash collected in February is $455,000
Equivalent units, zero beginning inventory. Candid, Inc. is a manufacturer of digital cameras. It has two departments: assembly and testing. In January 2017, the company incurred $800,000 on direct materials and $805,000 on conversion costs, for a total manufacturing cost of $1,605,000. 1. Assume there was no beginning inventory of any kind on January 1, 2017. During January, 5,000 cameras were placed into production and all 5,000 were fully completed at the end of the month. What is the unit cost of an assembled camera in January
Answer:
$321
Explanation:
Given that;
Direct materials = $800,000
Conversion cost = $805,000
Total manufacturing cost = $1,605,000
Units produced = 5,000
We will get the unit cost by dividing the total cost with the number of units produced.
Therefore,
Units cost = Total cost / Number of units
Unit cost = $1,605,000 / 5,000
Unit cost = $321
Sheffield Corp. is unsure of whether to sell its product assembled or unassembled. The unit cost of the unassembled product is $24 and Sheffield would sell it for $52. The cost to assemble the product is estimated at $15 per unit and the company believes the market would support a price of $64 on the assembled unit. What decision should Sheffield make
Answer:
Sell before assembly, the company will be better off by $3 per unit
Explanation:
the aim of a firm is to maximise profit. The decision the firm would make would be based on the decision that yields the higher profit
Profit = revenue - cost
Profit that would be earned from selling the unassembled unit = $52 - $24 = $28
Profit that would be earned from selling the assembled unit = $64 - ($15 + $24) = 25
The profit from selling the unassembled product is greater than the profit from selling the assembled product by $3. The firm would prefer to sell the unassembled unit
Statz Company had sales of $1,800,000 and related cost of goods sold of $1,050,000 for its first year of operations ending December 31, 20Y1. Statz provides customers a refund for any returned or damaged merchandise. At the end of 20Y1, Statz Company estimates that customers will request refunds for 1.8% of sales and estimates that merchandise costing $12,000 will be returned. Assume that on February 3, 20Y2, Buck Co. returned merchandise with an invoice amount of $4,800 for a cash refund. The returned merchandise originally cost Statz Company $3,200.
Required:
a. Journalize the adjusting entries on December 31, 20Y1, to record the expected customer returns.
b. Journalize the entries to record the returned merchandise and cash refund to Buck Co. on February 3, 20Y2.
Answer:
A. Dec 31
Dr Sales $32400
Cr Customer refunds payable $32400
Dr Estimated returns inventory $12,000
Cr Cost of goods sold $12,000
B. Feb 3
Dr Customer refunds payable $4,800
Cr Cash $4,800
Dr Merchandise Inventory $3,200
Cr Estimated returns inventory $3,200
Explanation:
a. Preparation of the the adjusting entries on December 31, 20Y1, to record the expected customer returns.
Dec 31
Dr Sales $32400
Cr Customer refunds payable $32400
($1,800,000*1.8%)
Dr Estimated returns inventory $12,000
Cr Cost of goods sold $12,000
(Being to record the expected customer returns)
b. Preparation of the entries to record the returned merchandise and cash refund to Buck Co. on February 3, 20Y2.
Feb 3
Dr Customer refunds payable $4,800
Cr Cash $4,800
Dr Merchandise Inventory $3,200
Cr Estimated returns inventory $3,200
(Being to record the returned merchandise and cash refund to Buck Co)
The presence of media hubs, coalitions focusing on specific environmental challenges, and headquarters for multinational corporations in major cities help explain how such cities... *
Answer: B
Explanation: Are linked globally in ways that transcend national political boundaries
Answer:b
Explanation:
A straight-line isoquant A. would indicate that the firm could switch from one output to another costlessly. B. would indicate that the firm could not switch from one output to another. C. would indicate that capital and labor cannot be substituted for each other in production. D. would indicate that capital and labor are perfect substitutes in production.
Answer:
D. would indicate that capital and labor are perfect substitutes in production.
Explanation:
A marginal rate of technical substitution (MRTS) can be defined as an economic principle which is typically used to represent the rate at which a factor such as capital must decrease so that the same level or quantity of production is maintained when another factor such as labor is changed (increased).
An isoquant is the slope of a marginal rate of technical substitution (MRTS) which connects the two input factors provided that the level of output or production is the same.
Also, the diminishing marginal rate of technical substitution refers to the decline (fall) in marginal rate of technical substitution (MRTS) along an isoquant that produces the same quantity (level) of output.
When an isoquant has a diminishing marginal rate of technical substitution, the corresponding isoquants are convex to the origin. Thus, the marginal rate of technical substitution (MRTS) would continue to diminish as more of a factor such as capital is used.
Additionally, the steeper an isoquant the greater is the marginal productivity of labor with respect to marginal productivity of capital.
Hence, a straight-line isoquant would indicate that capital and labor are perfect substitutes in production.
All of the following statements about comment cards are true except: _________.
a. Often less than 50% of the hotel guests will fill out a comment card.
b. If the process is not well thought out, employees may selectively distribute comment cards to guests they feel will have a positive response.
c. If a comment card is left in a hotel room for customers to fill out, it reflects the opinions of the customers as a whole.
d. Comment cards can be useful in spotting trouble areas.
Answer:
c. If a comment card is left in a hotel room for customers to fill out, it reflects the opinions of the customers as a whole.
Explanation:
Comment cards can be regarded as a brief survey that give room for customers to tell their experience or rate it when they enjoy a service/ goods. It is a way of feedback to Businesses. It should be noted that If a comment card is left in a hotel room for customers to fill out, it reflects the opinions of the customers as a whole.
1 . The roles of money Gilberto is heading out to lunch. He goes to the bank and withdraws $30 from his savings account. He heads to a local deli that sells half sub sandwiches for $4.99 and whole subs for $7.99. Gilberto decides that he's pretty hungry and goes for the whole. He pays with a $10 bill and tells the cashier to keep the change. Identify what role money plays in each of the following parts of the story. Hint: Select each role only once. Role of Money Medium of Exchange Unit of Account Store of Value Gilberto can easily determine that the whole sandwich, while twice as long as the half, is priced at less than twice as much. Gilberto accumulates money in his savings account for future purchases. Gilberto buys his lunch with a $10 bill.
Answer: See explanation
Explanation:
• Gilberto can easily determine that the whole sandwich, while twice as long as the half, is priced at less than twice as much. = Unit of account.
In this case, the sandwich has been valued in terms of money. Therefore, the role played here is the unit of account.
• Gilberto accumulates money in his savings account for future purchases. = Store of value.
The role played by money here is the store of value. This is when money is stored so that it'll be used for future purposes or to generate further wealth.
• Gilberto buys his lunch with a $10 bill = Medium of exchange.
Money plays the role of a medium of exchange here since Gilberto used it in exchange for the food that was bought.
The accounting records of Falcon Company revealed the following information: Raw materials used $ 73,000 Direct labor 138,000 Manufacturing overhead 373,000 Work-in-process inventory, 1/1 63,000 Finished-goods inventory, 1/1 202,000 Work-in-process inventory, 12/31 89,000 Finished-goods inventory, 12/31 153,000 Falcon's cost of goods manufactured is:
Answer:
the cost of goods manufactured is $558,000
Explanation:
The computation of the cost of goods manufactured is shown below:
= Opening work in process + raw material used + direct labor + manufacturing overhead - ending work in process
= $63,000 + $73,000 + $138,000 + $373,000 - $89,000
= $558,000
Hence, the cost of goods manufactured is $558,000
Bob newsome purchased 250 shares of the new horizons growth fund. the purchase cost for each share at the time of purchase was $30. if this fund charges a 3 percent load, what is the commission amount he will pay the investment company?
Answer:
$225
Explanation:
Calculation for the commission amount he will pay the investment company
Commission amount= 250 shares x $30 x .03
Commission amount= $225
Therefore the commission amount he will pay the investment company is $225
Explain the percentage distribution in statistics
Answer:
The percentage distribution is a statistical distribution of relative frequency, in which the relative frenquencies are percentages over the total number of data, that in this case is equal to 100%.
In order to create a percentage distribution chart, we group the data into classes, and then, we count the number of times the elements of the class appear in the sample, finally, we convert this number into a percentage.
Explain which of the 5 Management Functions is your strength and weakness? Planning, Organizing, Staffing, Implementing, and Organizing
A large brewing company has its public relations staff create an interactive website aimed at men and women in their 20s and early 30s. It offers interesting facts about the history of beer, the making of beer, the definition of various brewing terms, the difference between hops and malt, etc. It also includes games like crossword puzzles, word jumbles, and trivia contests related to beer. The objective of such PR initiatives is to:
Answer: c. promote goodwill toward beer drinkers.
Explanation:
The purpose of this campaign is to increase the the appreciation of beer and its industry in the minds of people.
This will therefore promote goodwill towards beer drinkers as they will be less ostracised if people appreciate beer more.
This is good for the beer industry because it would increase sales when people who were worried about their pubic image become less worried and drink more.