Answer:
a. the USA does not have an absolute advantage in TVs.
Explanation:
Absolute advantage is an economic term that describes the relative ease with which a country is able to produce a good compared to other producers.
The country that has absolute advantage will produce more numbers a product with the same resources as the other producer.
In the given scenario USA can produce 12,000 personal computers compared to 10,000 personal computers by Japan. So they have absolute advantage in producing personal computers.
Japan can produce 30,000 TVs compared to 16,000 TVs by USA. So Japan has absolute advantage in producing TVs
You are an employee within a company and are asked prepare a speech at your workplace on a topic of your choice for a group of international visitors from Saudi Arabia which would serve one of the following purposes: to inform, demonstrate, persuade, entertain or be ceremonial. As is the case for the topic of your speech, the choice is yours in terms of what the purpose of your speech will be but it is important to remember that the topic must pertain to some aspect of your company and its business; therefore, giving a speech about your love of ice cream sundaes for example, would not be appropriate. Also, you need to keep cultural sensitivities in mind regarding the content of your speech by paying attention to the themes of language, perception and ethnocentrism and how they relate to your Saudi Arabian visitors. Please feel free to consult the internet regarding Saudi Arabian culture and business practices.
Answer:
Going to introduce everyone's innovative Boeing 747, just one rare journey back to Mecca as well as Medina. Important fundamental preferences were mostly set out elsewhere.
Explanation:
New flight introduction:The Lufthansa institution does seem to be pleased to announce the implementation of such a continuous sign from its generalized international airport Frankfurt am Mainz once again to Medina but instead Mecca. Mostly as a result of the repurchase of the relatively improved Boeing 747 national carrier, which is extremely well disorganized with such as current developments, this makes it a blend seamlessly of luxurious lifestyle and convenience.
Settlement affiliation:The connection of peace treaty with either the 5-star campground throughout Mecca-Medina at either the discussion of the independent investigation but instead reply, a message of the organization had been established among both 4 unquestionable 5-star residences, during which our employees would have an illustration of beneficence at everyone's zenith.
Special rebate:Besides our prospective customers, registering for almost as wide a range because several decades before the actual early part including its Hajj Pilgrim, individuals would then give a discount Charge Card by the most excessive credit with €100.
Visa help:In something like a collaborative operation mostly with the Saudi Arabian Worldwide Refuge throughout Germany as well as one's cultural occasion including its Master Visa Leadership, a persuasive work has been conducted to offer our clients a parachute.
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: If the company marks up its unit product costs by 40% then the selling price for a unit in Job T687 is closest to:
Answer:
a. $259.70
Explanation:
Note: The full question is attached as picture below
Predetermined overhead rate = 2 + (294300/32700)
Predetermined overhead rate = $11
Job T687 Total cost = Direct materials cost + Direct labor cost + Overhead applied
Job T687 Total cost = 545 + 1090 + (20*11)
Job T687 Total cost = 545 + 1090 + 220
Job T687 Total cost = 1855
Cost per unit = $1,855 / $10
Cost per unit = $185.5
Selling price per unit = Cost per unit + Mark-up price
Selling price per unit = $185.5 + $185.5*40%
Selling price per unit = $185.5 + $74.20
Selling price per unit = $259.70
Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $140,000. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $80,000, and annual cash outflows would increase by $40,000. Compute the cash payback period. (Round answer to 2 decimal places, e.g. 10.52.) Cash payback periodenter the Cash payback period in years rounded to 2 decimal places years.
Answer:
3.5years
Explanation:
Computation for the cash payback period
First step is to calculate Net cash flow per year using this formula
Net cash flow per year = Cash inflow - Cash outflow
Let plug in the formula
Net cash flow per year= $80,000 - $40,000
Net cash flow per year= $40,000
Now let calculate Cash payback period using this formula
Cash payback period = Initial investment / Net cash flow per year
Let plug in the formula
Cash payback period = $140,000 / $40,000
Cash payback period= 3.5years
Therefore the Cash payback period is 3.5years
According to the condition, in Wayne Company as per the investment, the cash payback period is 3.50 years.
The payback period is the time required to recoup the cost of an investment or the amount of time required for an investor to break even.
Here,
Calculate the annual net income as follows:
Annual net income = Increase in annual revenue - increase in annual expenses
Annual net income = $80000 - $40000 = $40000
Calculate the cumulative cash flows as follows:
Years Cash flows Cumulative cash flows
0 ($140000) ($140000)
1 $40000 ($100000)
2 $40000 ($60000)
3 $40000 ($20000)
4 $40000 $20000
Calculate the cash-back period as follows:
= 3+($20000/$40000) = 3.50 years
Therefore, the cash payback period is 3.50 years.
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Crawford Company's standard fixed overhead cost is $6.00 per direct labor hour based on budgeted fixed costs of $600,000. The standard allows 1 direct labor hours per unit. During 2011, Crawford produced 110,000 units of product, incurred $630,000 of fixed overhead costs, and recorded 212,000 actual hours of direct labor.
Required:
What is the activity level on which Crawford based its fixed overhead rate?
Answer:
The answer is "[tex]\$ \ 100,000 \ hours[/tex]"
Explanation:
Budgeted fixed cost [tex]= \$ 600,000[/tex]
labour hours [tex]= \frac{ \$ 6 }{hour}[/tex]
[tex]\text{overhead rate} = \frac{ \text{Budgeted fixed cost}}{labour\ hours}[/tex]
[tex]= \frac{\$ \ 600, 000}{\$ \ 6}\\\\= \$ \ 100,000 \ hours[/tex]
Search the Internet for software that helps organizations perform strategic pan project selection, or project portfolio management. Summarize at least three tools and discuss whether or not you think these tools are good investments to two- page paper. Cite your references.
Service variability means that ________. Group of answer choices services cannot be stored for later sale or use service quality depends on when, where, and how they are provided services cannot be seen, tasted, felt, heard, or smelled before they are bought services can be separated from their providers the evaluation of services is subjective and changes from customer to customer
Answer:
✓Services cannot be stored for later sale or use.
✓service quality depends on when, where, and how they are provided
Explanation:
Service variability can be explained as changes that occurs in quality of the same service as a result of the service coming from different vendors. This variation in change is as a result of nature of service, the time that is been
provided, as well as method bof delivery.I t should be noted that Service variability means that services cannot be stored for later sale or use and service quality depends on when, where, and how they are provided
The following selected amounts are reported on the year-end unadjusted trial balance report for a company that uses the percent of sales method to determine its bad debts expense. Accounts receivable $ 445,000 Debit Allowance for Doubtful Accounts 1,350 Debit Net Sales 2,200,000 Credit All sales are made on credit. Based on past experience, the company estimates 2.0% of credit sales to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?
Answer:
Debit Bad Debts Expense $44,000; Credit Allowance for Doubtful Accounts $44,000.
Explanation:
Bad debt Expenses = Sales * Uncollectible rate
= $2,200,000*2.0%
= $44,000
Date Account Titles and Explanation Debit Credit
Bad debt expenses $44,000
Allowances for doubtful accounts $44,000
(To record bad debt expenses)
The management of Helberg Corporation is considering a project that would require an investment of $203,000 and would last for 6 years. The annual net operating income from the project would be $103,000, which includes depreciation of $30,000. The scrap value of the project's assets at the end of the project would be $23,000. The cash inflows occur evenly throughout the year. The payback period of the project is closest to:
Answer:
Helberg Corporation
The payback period of the period is closest to:
1 year and 6 months (1 1/2 years).
Explanation:
a) Data and Calculations:
Required project investment = $203,000
Scrap value of project's assets = $23,000
Depreciable amount of project's assets = $180,000
Period of project = 6 years
Annual depreciation = $30,000 ($180,000/6)
Annual net operating income = $103,000
Annual cash inflow = $133,000 ($103,000 + $30,000)
b) The payback period of the project = $203,000/$133,000 = 1.53 or 1 year and 6 months. This shows that the project will break-even in a year and six months, when the project's cash outflow equals the cash inflow.
On holiday weekends thousands of people picnic in state parks. Some picnic areas become so overcrowded the benefit or value of picnicking diminishes to zero. An overcrowded picnic area is an example of
Answer:
Tragedy of the Commons
Explanation:
The Tragedy of the Commons is a short story used in economics to depict how using (or abusing of) public goods or services without any type of control or limitation actually ends up hurting society. In this case, since the state park is a public good and no one limits the number of users, if it gets too crowded, the users will not be able to benefit from it.
ummary data for Mobic Inc. Job 1227, which was completed in 2021, are presented below: Bid price $ 450,000 Contract cost: 2020 (180,000 ) 2021 (195,000 ) Gross profit: 75,000 Estimated cost to complete: 12/31/2020 $ 200,000 12/31/2021 0 Assuming Mobic recognizes revenue upon project completion, what would gross profit have been in 2020 and 2021 (rounded to the nearest thousand)
Answer:
2020 = $0; 2021 = $75,000
Explanation:
Under completed contract method, all revenues and expenses are recognized upon project completion. Since Mobic Inc. recognizes revenue upon project completion, gross profit in 2020 will be $0 as there are no revenues and expenses recognized in 2020.
Since the contact is completed in 2021, the entire revenues and expenses will be recognized in 2021
Contract price = $450,000
Contract costs = $180,000 + $195,000 = $375,000
Gross profit = $450,000 - $375,000
Gross profit = $75,000
So, the entire gross profit of $75,000 will be recognized in 2021.
A company's January 1, 2019 balance sheet reported total assets of $153,000 and total liabilities of $61,500. During January 2019, the company completed the following transactions:______. (A) paid a note payable using $11,500 cash (no interest was paid); (B) collected a $10,500 accounts receivable; (C) paid a $5,300 accounts payable; and (D) purchased a truck for $5,300 cash and by signing a $21,500 note payable from a bank. The company's January 31, 2019 balance sheet would report which of the following?Assets Liabilities Stockholders's Equity$163,000 $77,700 $85,300Assets Liabilities Stockholders's Equity$153,000 $61,500 $91,500Assets Liabilities Stockholders's Equity$174,500 $105,100 $69,400Assets Liabilities Stockholders's Equity$157,700 $66,200 $91,500
Answer:
ohh umm i know this is hard but you need to read the story if yoyr fone reading the story all the answer is on tg stirt
Companies that are concerned with boosting workplace morale, maximizing employees' productivity and creativity, and motivating employees to be more effective are concerned with:_______
a. human relations
b. behavior modification
c. sustainability
d. control systems
e. workplace capacity
Answer:
Companies that are concerned with boosting workplace morale, maximizing employees' productivity and creativity, and motivating employees to be more effective are concerned with:_______
e. workplace capacity
Explanation:
Workplace capacity is concerned with workers' welfare, workplace needs, work activity. It concentrates on ensuring the establishment of workplace morale and employee motivation in order to encourage the productivity and creativity of the workers. Every decision is centered around the workers' interest.
On December 31, 2019, Krug Company prepared adjusting entries that included the following items: Depreciation expense: $36,000; Accrued sales revenue: $34,000; Accrued expenses: $18,000; Used insurance: $8,000; the insurance was initially recorded as prepaid. Rent revenue earned: $6,000; the rent was initially prepaid by the tenant and credited to unearned rent revenue. If Krug Company reported total liabilities of $140,000 prior to adjusting entries, how much are Krug's total liabilities after the adjusting entries
Answer:
$152,000
Explanation:
Calculation for How much was Krug's total liabilities after the adjusting entries
Reported total liabilities $140,000
Add Accrued expenses $18,000
Less Rent revenue earned ($6,000)
Total liabilities $152,000
($140,000+$18,000-$6,000)
Therefore the amount of Krug's total liabilities after the adjusting entries will be $152,000
Consider the farmer and factory owner example. If we give the farmer the right to clean air, what can the factory owner do to convince the farmer to allow him to have dirtier air?
When a company issues 25,000 shares of $1 par value common stock for $10 per share, the journal entry for this issuance would include: Multiple Choice A credit to Common Stock for $250,000. Incorrect A debit to Cash for $25,000. A debit to Additional Paid-in Capital for $25,000. A credit to Additional Paid-in Capital for $225,000.
Answer:
A credit to Common Stock for $25,000
Explanation:
Based on the information given in a situation where a company issues 25,000 shares of $1 par value common stock for $10 per share, the journal entry for this issuance would include:A credit to Common Stock for $25,000
Dr Cash $250,000
Cr Common Stock 25,000
Cr Additional Paid-In Capital 225,000
($250,000-25,000)
The Bouffard Department Stores, Inc., is a national retail chain with its headquarters located in New York City. The following cost data pertains to the operation for the month of May Corporate legal office salaries $68,000 Shoe Department cost of sales-Brentwood Store $29,000 Corporate headquarters building lease $86,000 Store manager's salary-Brentwood Store $12,000 Shoe Department sales commissions-Brentwood Store $5,000 Store utilities-Brentwood Store $10,000 Shoe Department manager's salary-Brentwood Store $4,000 Central warehouse lease cost $7,000 Janitorial costs-Brentwood Store $10,000 The Brentwood Store is located in the Midwest region. It is just one of many stores owned and operated by the company. The Shoe Department is one of many departments at the Brentwood Store. The central warehouse serves the Brentwood Store as well as other of the company's stores in the Midwest region . What is the total amount of the costs listed above that are direct costs of the Brentwood Shoe Department
Answer:
$38,000
Explanation:
What is the total amount of the costs listed above that are direct costs of the Brentwood Shoe Department?
Direct costs of the Shoe Department = Shoe Department cost of sales + Shoe Department sales commissions + Shoe Department manager's salary
Direct costs of the Shoe Department = $29,000 + $5,000 + $4,000
Direct costs of the Shoe Department = $38,000
So therefore, the total amount of the costs that are direct costs of the Brentwood Shoe Department is $38,000
Company ABC provides a dependent care assistance flexible spending arrangement to its employees through a cafeteria plan. In addition, it provides occasional on-site dependent care to its employees at no cost. Emily, a single filing taxpayer and an employee of Company ABC, had $4,500 deducted from her pay for the dependent care flexible spending arrangement. In addition, Emily used the on-site dependent care several times. The fair market value of the on-site care was $700. Emily's Form W-2 should report $5,200 of dependent care assistance in Box 10. If all other conditions are met, what is the maximum amount excludable from gross income for the dependent care expenses Emily can report on her tax return
Answer:
Company ABC and Emily, a single filing taxpayer
The maximum amount excludable from Emily's gross income for the dependent care expenses, which Emily can report on her tax return is $3,000.
Explanation:
a) Data and Calculations for Emily:
Dependent care flexible spending arrangement deduction = $4,500
Fair market value of the on-site dependent care used = $700
Form W-2 reported dependent care assistance = $5,200
Maximum amount excludable from Emily's gross income for the dependent care expenses Emily can report on her tax return is $3,000.
b) According to the IRS records, Emily can exclude or deduct dependent care benefits provided by a dependent care benefit plan, an amount not exceeding $3,000 if one qualifying person was cared for or $6,000 if two or more qualifying persons were cared for. Since the number of persons cared for is not disclosed, it is assumed that Emily cared for only one qualifying person. Therefore, $3,000 is the maximum she is allowed to deduct.
2. In 2020, Leon Longrove sold a piece of business equipment that had an adjusted basis to him of $50,000 for $75,000 cash plus artwork that had a fair market value of $25,000. The buyer assumed Leon's $20,000 loan on the equipment. Leon paid $5,000 in selling expenses. What is the amount of Leon's gain on the sale
Answer:
Leon's gain = $65,000
Explanation:
Total consideration received by Leon = $75,000 (cash) + $25,000 (artwork) + $20,000 (loan assumed by buyer) = $120,000
Leon's total costs = $50,000 (equipment's basis) + $5,000 (selling expenses) = $55,000
Leon's gain = total consideration received - total costs = $120,000 - $55,000 = $65,000
Best Ever Cereal Corporation uses a standard cost system for its cereal. The standard for the material for each batch of cereal produced is 1.4 pounds of pickles at a standard cost of $3.00 per pound. During the month of August, Best purchased 78,000 pounds of pickles at a total cost of $253,500. Best used all of these pickles to produce 60,000 batches of cereal. What is Best's materials quantity variance for August
Answer:
the material quantity variance is $18,000 favorable
Explanation:
The computation of the material quantity variance is as follows
Material quantity variance is
= standard cost × ( actual quanitity used - standard quantity usage per batch × number of batches produced)
= $3.00 × (78,000 - 60,000 × 1.4)
= $18,000 favorable
Hence, the material quantity variance is $18,000 favorable
Sami Co. has the following sales: cash sales BD68,000, credit sales BD740,500, Visa & Master card sales BD410,800. Sami estimated bad debts to be 1.5% of credit sales. The amount of the allowance for doubtful debts is
Answer:
The amount of the allowance for doubtful debts is BD11,107.50.
Explanation:
Allowance for doubtful accounts can described as an estimate of the amount of accounts receivable which a business expects that it will not be collectible.
From the question, we have:
Credit sales = BD740,500
Estimated bad debts percentage = 1.5%
Therefore, allowance for doubtful debts can be calculated as follows:
Allowance for doubtful debts = Credit sales * Estimated bad debts percentage ............ (1)
Substituting the values into equation (1), we have:
Allowance for doubtful debts = BD740,500 * 1.5% = BD11,107.50
Therefore, the amount of the allowance for doubtful debts is BD11,107.50.
Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an invoice with a list price amount of $6,000 and payment terms of 2/10, n/30. Alison uses the net method to record purchases. Alison should record the purchase at: A) $5,940. B) $5,880. C) $6,000. D) $6,120.
I need points so dont mind wat I'm putting
A company has a total amount of 15 hours for one specific resource. The upper limit of this resource is 18 (the right-hand side of the constraint). If the access to this resource is increased to 18.01 ________________________. Please choose the option that would best fit the empty space above:
Answer: A. the company will be willing to pay a different amount for this resource.
Explanation:
The upper limit for the resource was 18 and anything up to 18 would have attracted the same shadow price (price company estimated it was willing to pay for access to this resource).
The access was increased past this limit however to 18.01. The company therefore will now have more access to the resource and so will be willing to pay a different amount for the resource.
A pizza monopolist employing third-degree price discrimination charges students $10 per pizza and everyone else $15 per pizza Students must show the ID before they can get the discount The marginal cost of this monopolist is $5 whether or not the customer is a student. The price elasticity of demand for the students is
Answer:
The price elasticity of demand for the students is:
inelastic.
Explanation:
The price elasticity of demand for the students is inelastic because there is no change in the quantity demanded by students that changes the price at which pizza is sold to the students. If one student buys the pizza, the price charged remains $10 and if 1,000 students buy the pizza, the price remains $10 per unit. Therefore, students' demand for the pizza is said to be static irrespective of price because the price is fixed.
1. The capital structure weights used in computing the weighted average cost of capital: A. are based on the book values of total debt and total equity. B. are based on the market values of total debt and total equity. C. are restricted to the firm's debt and common stock only D. remain constant over time unless the firm issues new securities.
Frank Co. owns 30% of the voting common stock of Alex Services Inc. Frank uses the equity method to account for its investment. On January 1, 2021, the balance in the investment account was $800,000. During 2021, Alex Services reported net income of $150,000 and paid dividends of $40,000. Any excess of fair value over book value is attributable to goodwill with an indefinite life. What is the balance in the investment account as of December 31, 2021
Answer:
$833,000
Explanation:
Particulars Amount
Investment account balance January 1, 2021 $800,000
Add: 30% of Alex Services Inc $150,000 net income $45,000
Less: 30% of $40,000 dividends paid $12,000
Investment account balance December 31, 2021 $833,000
ABC Company's return on asset is greater than XYZ Company's return on asset, but XYZ
Company's return on equity is greaten than ABC Company's return on equity, then which of the
following is necessarily true?
a) ABC Company's net profit margin is greater than XYZ' net profit margin
b) XYZ's total asset turn over is greater than ABC Company's total asset turn over
c) The equity multiplier of ABC is greater than XYZ
d) XYZ company is highly debt financed relative to ABC
e) All
Answer:
d) XYZ company is highly debt financed relative to ABC
Explanation:
The difference between the return on equity ( ROE) and return on assets (ROA) is the structure of capital financing.
ROE is calculated as follows
ROE = net income / shareholders equity. Shareholders' equity is the difference between a business's assets and liabilities. I.e., shareholders equity = Assets - Liabilities.
ROE considers the debts of the business. If a company is highly indebted, its ROE will be high.
ROA is calculated: ROA = net income/ total assets. Total assets is the sum of shareholders' equity plus liabilities. i.e., total assets = assets + liabilities.
The difference is the two ratios is the denominator. If the denominator is small, the ratio will be bigger. A business with a high level of debt will have reduced equity( assets- liabilities).
XYZ Company's return on equity is greater than ABC's, implying that XYZ has more debts than ABC.
What trait are narcissists likely to have that is associated with leader emergence but not effectiveness?
a. high neuroticism
b. low openness to experience
c. high creativity
d. high introversion
e. low agreeableness
Answer:
c. high creativity
Explanation:
Narcissistic personality disorder is characterized by the behavior of an individual who has a great need to feel admired, this individual has a mental disorder that leads him to have an exacerbated perception of himself and his characteristics, having a vanity and a sense of very strong self-importance.
The characteristic that narcissists probably have and is associated with the emergence of the leader, but not effectiveness, may be high creativity, as such individuals can be creative in the sense of self-valuing themselves and their personal achievements, leading to even making up stories to feel valued, while the creativity present in a leader is focused on a vision of the business and management of a company and people, so it is correct to say that a leader's creativity aims to make business more efficient and improve working conditions of its employees.
Pam exchanges a rental building, which has an adjusted basis of $36,000 and a tractor whose fmv was 25,000 for investment land which has a fair market value of $55,000. Pam basis in the tractor was 32,000. What is Pam’s basis of the investment land?
Answer:
$36,000
Explanation:
Based on the information given we were told that he exchanges a rental building that has an adjusted basis of the amount of $36,000 which means that Pam’s basis of the investment land will be the Adjusted basis of the amount $36,000.
Therefore Pam’s basis of the investment land will be $36,000
At December 31, 2020 Bramble Corp. had 298000 shares of common stock and 9800 shares of 6%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2020 or 2021. On January 30, 2022, prior to the issuance of its financial statements for the year ended December 31, 2021, Bramble declared a 100% stock dividend on its common stock. Net income for 2021 was $1143000. In its 2021 financial statements, Bramble's 2021 earnings per common share should be
Answer:
the earning per common share is $3.83 per share
Explanation:
The computation of the earning per common share is shown below
= Net income ÷ weighted number of outstanding shares
= $1,143,000 ÷ (298,000 shares)
= $3.83 per share
We simply divided the net income from the weighted number of outstanding shares so that the earning per share could be determined
hence, the earning per common share is $3.83 per share
Do you think that the United States Federal Reserve has too much power and influence over our economy? Why or why not?