Answer:
The short-run economic outcome resulting from the increase in production costs is known as - Stagflation
Stagflation is a situation in which there is high inflation and high unemployment. In Stagflation, aggregate demand is constricted due to the high costs of goods and services because of an increase in firms' production costs.
Now suppose that the government immediately pursues an accommodative policy by increasing government purchases in response to the short-run economic impact of the severe weather. In the long run, when the government pursues accommodative policy, the output in the economy will be $ billion and the price level will be .
If the government pursues an accommodative policy, also known as an expansionary policy, both the output of the economy and the price level will increase in comparison to the previous numbers.
However, hopefully the level of output will increase proportionally more than the price level, because otherwise, the economic growth will be accompanied by high inflation, leading to an overheated and dysfunctional economy.
A debt is an amount of money that is owed to a bank, a credit card company, a store, or another individual.
O True
O False
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The answer is True .
It is true because the definition of debt is the state of owing money .
Cabell Products is a division of a major corporation. Last year the division had total sales of $21,720,000, net operating income of $1,346,640, and average operating assets of $4,778,400. The company's minimum required rate of return is 15%. The division's margin is closest to: Dacker Products is a division of a major corporation. The following data are for the most recent year of operations:
Sales $38,380,000
Net operating income $ 3,758,960
Average operating assets $ 9,900,000
The company's minimum required rate of return 15%
The division's residual income is closest to:
Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below:
Sales
Net operating income
Average operating assets $17,540,000 $ 648,980 $ 4,560,000
The division's return on investment (ROI) is closest to:
Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below:
Sales $ 17,810,000
Net operating income $ 783,640
Average operating assets $ 4,640,000
The division's turnover is closest to:__________.
Answer:
1. Cabell Product Margin = Net operating income / Sales
Cabell Product Margin = 1346640 / 21720000
Cabell Product Margin = 0.062
Cabell Product Margin = 6.20%
2. Dacker Products Residual income = Net operating income - ( Average operating assets * Minimum required rate of return)
Dacker Products Residual income = 3758960 - (9900000*15%)
Dacker Products Residual income = 3,758,960 - 1,485,000
Dacker Products Residual income = 2,273,960
3. Agustin Return on investment = Net operating income / Average operating assets
Agustin Return on investment = 648980 / 4560000
Agustin Return on investment = 0.142320175
Agustin Return on investment = 14.23%
Agustin Turnover = Sales / Average operating assets
Agustin Turnover = 17810000 / 4640000
Agustin Turnover = 3.838362068965517
Agustin Turnover = 3.84
HELP ME ASAP!!!
Select the correct answer.
What does the term sustainability refer to in construction?
A.
a building that does not depend on traditional energy sources to power its internal systems
B.
a building that uses only non-renewable energy sources
a building that is environmentally responsible and resource-efficient throughout its life cycle
C.
D.
a building that can withstand the pressure of external forces such as strong winds
Answer:
a building that is environmentally responsible and resource-efficient throughout its life cycle
Pacifica Industrial Products Corporation makes two products, Product H and Product L. Product H is expected to sell 40,000 units next year and Product L is expected to sell 8,000 units. A unit of either product requires 0.4 direct labor-hours.
The company's total manufacturing overhead for the year is expected to be $1,632,000.
Required:
1-a. The company currently applies manufacturing overhead to products using direct labor-hours as the allocation base. If this method is followed, how much overhead cost per unit would be applied to each product? Product H Product L Overhead cost per unit
1-b. Compute the total amount of overhead cost that would be applied to each product Product H Product L Total Total overhead cost
2. Management is considering an activity-based costing system and would like to know what impact this change might have on product costs. For purposes of discussion, it has been suggested that all of the manufacturing overhead be treated as a product-level cost. The total manufacturing overhead would be divided in half between the two products, with $816,000 assigned to Product H and $816,000 assigned to Product L If this suggestion is followed, how much overhead cost per unit would be assigned to each product? (Round your answers to 2 decimal places.)
Product H Product L
Overhead cost per unit
Answer:
1a. Product H $16,000
Product L $3,200
1b. Product H $1,360,000
Product L $272,000
Total $1,632,000
2. Product H $20.40
Product L $102.00
Explanation:
1-a. Calculation for how much overhead cost per unit would be applied to each product
Product H Product L
Number of units produced 40,000 8,000( a)
Direct labor-hours per unit (b) 0.40 0.40 (b)
(a) × (b)=Total direct labor-hours 16,000 3,200 Total =$19,200
Therefore Amount of hoverhead cost per unit applied to each product is :
Product H $16,000
Product L $3,200
1-b. Computation for the total amount of overhead cost that would be applied to each product
Product H Product L Total
Manufacturing overhead applied per unit
0.40 DLH per unit × $85.00 per DLH= $34.00 (a)
Number of units produced 40,000 8,000 (b)
(a) × (b)=Total manufacturing overhead applied $1,360,000 $272,000
Total=Product H $1,360,000+Product L $272,000
Total= $1,632,000
Predetermined overhead rate of $ 85.00 per DLH is calculated as:
Total manufacturing overhead $ 1,632,000(a)
Total direct labor-hours 19,200 DLHs(b)
(a) ÷ (b) =Predetermined overhead rate $ 85.00 per DLH
Therefore the total amount of overhead cost that would be applied to each product is :
Product H $1,360,000
Product L $272,000
Total $1,632,000
C. Calculation for how much overhead cost per unit would be assigned to each product
Product H Product L Total
Total manufacturing overhead assigned (a)
$816,000 $816,000 =$1,632,000
Number of units produced (b) 40,000 8,000
(a) ÷ (b) =Manufacturing overhead per unit $20.40 $102.00
Therefore the amount of overhead cost per unit would be assigned to each product is :
Product H $20.40
Product L -$102.00
During its first year of operations, Riverbed Corp had these transactions pertaining to its common stock. Jan. 10 Issued 26,300 shares for cash at $4 per share. July 1 Issued 56,500 shares for cash at $7 per share. (a) Journalize the transactions, assuming that the common stock has a par value of $4 per share. (b) Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share.
Answer and Explanation:
The journal entries are shown below:
1.
On Jan.10
Cash (26,300 shares × $4) $105,200
To Common stock $105,200
(Being the issuance of the common stock for cash is recorded)
On July 1
Cash (56,500 shares × $7) $395,500
To Common stock (56,500 shares × $4) $226,000
To Paid-in Capital in Excess of Par Value $169,500
(Being the issuance of the common stock for cash is recorded)
2.
On Jan.10
Cash (26,300 shares × $4) $105,200
To Common stock (26,300 shares × $1) $26,300
To Paid-in Capital in Excess of Stated Value $78,900
(Being the issuance of the common stock for cash is recorded)
On July 1
Cash (56,500 shares × $7) $395,500
To Common stock (56,500 shares × $1) $56,500
To Paid-in Capital in Excess of Stated Value $339,000
(Being the issuance of the common stock for cash is recorded)
What is one major drawback of globalization?
Answer:
The oppression of weaker and poorer economies by those that are more robust; “the rich get richer, the poor get poorer”
Explanation:
During her womanhood ceremony, Dasheena Cochise spends 4 days being tested and ultimately being renamed and remade as a member of her community. Which of the following is not true of this ceremony
A. it is a rite of passage
B. it reproduces a social order
C. it translates beliefs into action
D. it communicates values through symbols
E. it affirms sacred cycles (including life cycles)
F. it is essentially about the individual rather than the community
Answer:
The statement that is not true of this ceremony is:
F. it is essentially about the individual rather than the community
Explanation:
The focus of this communal rite of passage is not the individual but the community because during the rite, the sense of the individual is replaced by the sense of the community. It instils in the initiates a sense that they are no longer individuals but members of the community with some rights and privileges. Community values are communicated through a sophisticated system of beliefs and practices that affirm sacred cycles.
Kansas Enterprises purchased equipment for $79,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $6,900 at the end of five years. Using the straight-line method, depreciation expense for 2022 and the book value at December 31, 2022, would be: Multiple Choice $14,420 and $50,160. $14,420 and $43,260. $15,800 and $40,500. $15,800 and $47,400.
Answer:
Annual depreciation= $14,420
Book value= $50,160
Explanation:
Giving the following information:
Purchase price= $79,000
Useful life= 5 years
Salvage value= $6,900
To calculate the depreciation expense, we need to use the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (79,000 - 6,900) / 5
Annual depreciation= $14,420
Now, the book value:
Book value= purchase price - accumulated depreciation
Book value= 79,000 - (14,420*2)
Book value= $50,160
The financial statements for People’s National Bank (PNB) are shown below:
Peoples’ National Bank
Balance Sheet
As of December 31, 20XX
Assets Liabilities & Equity
Cash 600 Demand deposits 5,590
Demand Deposits from other FIs 1,890 Small time deposits 9,867
Investment 3,680 Jumbo CDs 3,198
Federal funds sold 1,988 Federal funds purchased 2,500
Loans 16,145 Equity 3,728
Reserve for loan losses (1,040)
Premises 1,620
Total Assets 24,883 Total Liabilities and Equity 24,883
Peoples’ National Bank
Income Statement
For the Year Ended December 31, 20XX
Interest on fees and loan 1,200
Interest on investment securities 700
Interest on repurchase agreement 780
Interest on deposits in banks 265
Total Interest Income 2,945
Interest on deposits 945
Interest on debentures 689
Total Interest Expense 1,634
Provision for loan losses 140
Noninterest income 185
Noninterest expense 281
Total 236
Income before taxes 1,075
Taxes 215
Net Income 860
Analyze the following eight ratios for PNB’s financial statements:
Earning Assets, Return on Assets, Total Operating Income, Asset Utilization, Net Interest Margin, Spread, Overhead Efficiency, and Tax Ratios.
Answer:
Earning Assets ratio = Earning Assets/Total assets
Total asset = 24,883: Earning Assets = 1890 + 3680 + 1988 + 16145 = 23703
Earning Assets ratio = 23703 / 24,883
Earning Assets ratio = 0.9525781
Earning Assets ratio = 95.25%
Return on Assets = Net income / Total assets
Return on Assets = 860 / 24,883
Return on Assets = 0.034561748985251
Return on Assets = 3.456%
Total Operating Income = Operating income / Interest income
Total Operating Income = 1075 / 2945
Total Operating Income = 0.365025467
Total Operating Income = 36.50%
Net Interest Margin = (Interest income - Interest expenses) / Average earnin asset
Net Interest Margin = (2,945-1,634) / 23,703
Net Interest Margin = 1,311 / 23,703
Net Interest Margin = 0.0553094544994305
Net Interest Margin = 5.53%
Assets utilization ratio = Revenue / Total assets
Assets utilization ratio = 2,945 / 24,883
Assets utilization ratio = 0.1183538962343769
Assets utilization ratio = 11.84%
Overhead efficiency ratio = 281 / 3,130
Overhead efficiency ratio = 0.089776357827476
Overhead efficiency ratio = 8.98%
Tax ratio = Tax expenses / Income
Tax ratio = 215 / 1,075
Tax ratio = 0.2
Tax ratio = 20%
Recently us dairies struggling to increase milk sale tried to change the way adults thought about chocolate milk the dairies wanted to.
Reposition how the consumers perceived chocolate milk.
The following information was available from the inventory records of Sheffield Corp. for January: Units Unit Cost Total Cost Balance at January 1 9200 $9.73 $89516 Purchases: January 6 6400 10.31 65984 January 26 7900 10.71 84609 Sales January 7 (7700 ) January 31 (11300 ) Balance at January 31 4500 Assuming that Sheffield does not maintain perpetual inventory records, what should be the inventory at January 31, using the weighted-average inventory method, rounded to the nearest dollar
Answer:
$45,990
Explanation:
The Weighted Average Cost Method, calculates a new Unit Cost with every purchase that is made. This is applicable to perpetual Inventory method. In this case we are required to use the periodic Inventory method (Sheffield does not maintain perpetual inventory records). Thus our Unit Cost is calculated from Inventory available for Sale.
Step 1
Units Available For Sales Calculation :
Opening Balance 9,200
Add Purchases (6,400 + 7,900) 14,300
Units Available for Sale 23,500
Less Units Sold (7700 + 11300) (19,000)
Ending Inventory Units 4,500
Step 2
Unit Cost = Total Cost ÷ Units Available for Sale
= ($89,516 + $65,984 + $84,609) ÷ 23,500
= $10.22
Step 3
Ending Inventory = Units in Stock × Unit Cost
= 4,500 × $10.22
= $45,990
RJ Corporation has provided the following information about one of its inventory items:
Date Transaction
1/1 Beginning Inventory
6/6 Purchase
9/10 Purchase
11/15 Purchase
During the year, RJ sold 3,000 units.
Number of Units 400 800 800 1,200 800
Cost per Unit $3,200 $3,600 $4,000 $4,200
What was ending inventory using the LIFO cost flow assumption under a periodic inventory system?
a. $880,000.
b. $640,000
c. $770,000.
d. $840,000
Answer:
b. $640,000
Explanation:
The computation of the ending inventory using the periodic inventory system is as follows:
But before that the ending inventory units is
= Beginning inventory units + purchased units - sold units
= 400 + 800 + 1,200 + 800 - 3,000
= 200 units
Now the ending inventory is
= 200 units × $3,200
= $640,000
hence, the ending inventory using the periodic inventory system is $640,000
Therefore the correct option is B
Which item will appear on the credit side of ledger account?
a. Cash recived from a customer.
b. Services performed to a customer.
c. Purchases.
d. Rent Expanses.
I just looked it up and I think that it is a
The item that should appear on the credit side of the ledger account is the service performed to the customer.
The following information should be relevant:
The assets, expenses, and dividend account should always have the debit balance. The liabilities, revenues, and the stockholder equity contain the credit balance.Also, the purchase should have a debit balance.Therefore we can conclude that the item that should appear on the credit side of the ledger account is the service performed to the customer.
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ABC Company purchases DEF Company for $4,200,000 cash on January 1, 2021. The book value of DEF Company's net assets reported on its December 31, 2020 financial statement was $3,600,000. An analysis indicated that the fair value of DEF's tangible assets exceeded the book value by $600,000, and the fair value of identifiable intangible assets exceeded book value by $320,000. What amount of gain or goodwill is recognized by ABC
Answer:
$320,000
Explanation:
Calculation for What amount of gain or goodwill is recognized by ABC
Using this formula
Gain/Goodwill =[Tangible assets -( Cash - Net assets)+Fair value ]
Let plug in the formula
Gain/Goodwill =[$600,000-( $4,200,000- $3,600,000)+$320,000]
Gain/Goodwill=$600,000-$600,000+$320,000
Gain/Goodwill=$320,000
Therefore the amount of gain or goodwill is recognized by ABC will be $320,000
The following is a TRUE statement about inventory within a continuous review system: A. When holding costs increase, Economic Order Quantity decreases B. When service level decreases, Economic Order Quantity decreases C. When demand increases, Economic Order Quantity decreases D. When ordering or setup costs increase, Economic Order Quantity decreases E. When holding costs decrease, Economic Order Quantity decreases
Answer:
A. When holding costs increase, Economic Order Quantity decreases
Explanation:
The answer will be attain through the following illustration
Suppose, Demand = 1000 units, Ordering cost = $10, Holding cost = $0.50
Economic Order Quantity = √2 * 1000 Units * $10 / $0.50
Economic Order Quantity = √40000
Economic Order Quantity= 200 units
Assume, there is increase of holding cost to $1.50
Economic Order Quantity = √2 * 1000 Units * $10 / $1.50
Economic Order Quantity = √13333
Economic Order Quantity = 116 unit
Therefore, when holding costs increase, Economic Order Quantity decreases.
Inventory is termed as the stock of the goods and services available for the consumption of the consumers or the customers. It is referred as the management of the goods and services as per the demand of the customers in the market.
The true statement about inventory within a continuous review system is A. When holding costs increase, Economic Order Quantity decreases.
This can be illustrated with the specific example as below:
Let, Demand = 1000 units, Ordering cost = $10, Holding cost = $0.50
Economic Order Quantity = [tex]\sqrt{2} \times 1000 \:Units \times\frac{\$10 }{\$0.50}[/tex]
Economic Order Quantity = √40000
Economic Order Quantity= 200 units
Assume that there has been an increase in holding cost to $1.50
Economic Order Quantity = [tex]\sqrt[]{2} \times 1000 \:Units \times\frac{ \$10}{ \$1.50}[/tex]
Economic Order Quantity = √13333
Economic Order Quantity = 116 units
Therefore, when holding costs increase, Economic Order Quantity decreases.
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Crane Construction Company had a contract starting April 2021, to construct a $22800000 building that is expected to be completed in September 2023, at an estimated cost of $20800000. At the end of 2021, the costs to date were $7072000 and the estimated total costs to complete had not changed. The progress billings during 2021 were $3600000 and the cash collected during 2021 was 3080000. Crane uses the percentage-of-completion method. For the year ended December 31, 2021, Crane would recognize gross profit on the building of:____.a. $680000. b. $0. c. $13728000. d. $620351.
Answer: a. $680,000
Explanation:
Gross profit to be recognized from entire project;
= Value of building - cost
= 22,800,000 - 20,800,000
= $2,000,000
In 2021, a cost of $7,072,000 was incurred out of the total cost of $20,800,000.
Percentage complete is therefore;
= 7,072,000/20,800,000
= 34%
The gross profit recognized is therefore;
= 34% * Total gross profit
= 34% * 2,000,000
= $680,000
Im Doing A resume and they Need A real legit credit Card Number and Cvc ANd when it expires For My resume It's worth 100% of my grade Plz helps
Answer:
alex do u realize ur question is litterally against the law
Explanation:
quit being a j erk, and lets talk this out
A team has been assembled to work on the company's new marketing campaign. Bill, the creative one of the group, has been charged with coming up with ideas; Claire, who has a background in accounting, will take charge of the budget; and Fabi, a graphic design artist, will work on the promotion layout. This division of labor is based on job specialization. work ethic. work coordination. the span of control.
Answer:
Job specialization.
Explanation:
Analyzing the scenario of the question above, it is possible to state that the division of labor related to this team is the division by specialization of labor.
The work subdivision that turns the general task into smaller tasks that will be the responsibility of just one member of the team, is called work specialization. This concept was very widespread by Taylor in scientific administration, as he believed that specialization increases the productivity and efficiency with which tasks are performed.
Becoming an expert in a task means that the employee will have enough competence, knowledge and technique to perform that task more quickly and effectively, which reduces organization costs with training, increases the team's speed, innovation and motivation .
Which factor would influence the premiums of health insurance?
A.) Building Size
B.) Deductible
C.) Elimination Period
D.) Profession
Answer:
B.) Deductible
Explanation:
A deductible is an amount that the insured must pay himself/herself before the insurance company starts paying his/her medical expenses. E.g. if your deductible is $1,000, before your medical expenses are paid by your insurance company, you will have to pay the $1,000 yourself.
The higher the deductible, the lower the insurance premium. This applies to every single type of insurance policy where deductibles might apply.
Answer:
deductible
Explanation:
The last five annual dividends for MysteryCorp have been: $1.25, $1.38, $1.49, $1.60, and $1.69. Next year's dividend is expected to be $2. The current stock price is $199 per share. First, calculate the geometric average annual rate of growth based on the historical dividends (taking into account the previous five -- do *not* include next year's expected dividend in this calculation). Your estimate of RE, the cost of equity, is ________%.
Answer:
Re = 8.79%
Explanation:
annual growth rates:
($1.38 - $1.25) / $1.25 = 0.104
($1.49 - $1.38) / $1.38 = 0.078
($1.60 - $1.49) / $1.49 = 0.074
($1.69 - $1.60) / $1.60 = 0.056
geometric growth rate = ⁴√(1.104 x 1.078 x 1.074 x 1.056) - 1 = ⁴√1.34976 - 1 = 1.0779 - 1 = 0.0779 = 7.79%
P₀ = Div₁ / (Re - g)
$199 = $2 / (Re - 0.0779)
Re - 0.0779 = $2 / $199 = 0.01
Re = 0.01 + 0.0779 = 0.0879 = 8.79%
Evan is transferring his credit card balance from one card to another. What is the most important factor that Evan should consider when selecting a new
credit card?
APR
over the limittee
late fee
credit limit
Answer:
APR
Explanation:
APR stands for annual percentage rate, which is the rate of interest that will be applied to the purchases Evan makes on his card. You typically want a card with a low APR rate.
Which of the following characteristics accurately describes the stock market?
An active market that determines the price of a firm’s shares
A fixed-income market where participants buy and sell debt securities
The bid-ask spread in a dealer market represents the profit that a dealer would make on a transaction involving a security. Which of the following statements best describes the bid-ask spread?
The difference between the closing price of the security and the opening price of the security on the day of the transaction.
The sum of the price at which a dealer is willing to buy a security and the price at which a dealer is willing to sell it.
The difference between the price at which a dealer is willing to buy a security and the price at which a dealer is willing to sell it.
Fernando, a trader, wants to buy 1,000 shares of XYZ stock, while a second trader, Ally, is willing to sell 1,500 shares of the same stock. Unfortunately, Fernando and Ally don’t know one another and must complete their transactions using the stock exchange’s market-making dealer. XYZ’s market maker is willing to sell her shares for $26.80 per share and purchase additional shares for $26.25 per share. Select the most appropriate values in the following table:
Bid price 26.25, 25.80, 31.50
Ask price 40.20,26.80,26.25
Bid-ask spread 26.25,87.67,0.55
If the market maker is willing to purchase the entire block of 1,500 shares from Ally and, from that block, resell 1,000 shares to Fernando, then the market maker’s net profit from Fernando’s transaction—excluding any inventory effects—will be:_________
a) 275,00
b) 825.00,
c) 503.00,
d) 550.00
Answer:
1. The characteristic that accurately describes the stock market is:
An active market that determines the price of a firm’s shares.
2. The statement that best describes the bid-ask spread is:
The difference between the price at which a dealer is willing to buy a security and the price at which a dealer is willing to sell it.
3. Bid price = $26.25; Ask price = $26.80
4. Fernando’s transaction—excluding any inventory effects—will be:_________
d) 550.00
Explanation:
a) Data and Calculations:
XYZ's market maker:
Sell shares at $26.80 * 1,000 = $26,800
Buy shares at $26.25 * 1,000 = 26,250 ($39,375 - 13,125)
Net profit $550
Thus, the inventory of shares = $13,125 ($26.25 * 500)
b) The bid price is the amount per share that the XYZ market maker is willing to buy the 1,500 Ally shares. The ask price is the amount per share that the market maker is willing to sell the 1,000 shares to Fernando. The bid-ask spread represents the difference between the bid price and the ask price. It is the profit margin for the market maker.
After the introductory period, all consumers who have this Platinum Card will...
Answer:
Qualify for an A.P.R. based on their creditworthiness
Explanation:
After the introductory period is over you will be set a new APR
Financial services Consumers, who have Platinum Card after some introductory period, qualify for APR (Annual Percentage Rates).
The qualification for APR depends on the customer's creditworthiness. This is the assessed financial ability of a customer to pay on her credit terms. If the credit performance of the customer is adjudged worthy, the cardholder may be given a Titanium card with a higher credit limit.When a credit card account is opened for a customer, the customer is charged with the introductory rate. Then, after the introductory period, the customers are charged with the APR, which is usually less than the introductory rate.Credit card account holders may also attract penalty APR when the penalty terms are triggered. Some credit card accounts attract variable APR, which means that the rate changes depending on stated circumstances.Thus, the rate charged at the introductory period of a Platinum Card is higher than the APR.
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On May 16, Thorne Co. declares a $0.40 dividend to be paid on April 5. Thorne has 2,060,000 shares of common stock issued and outstanding. The entry recorded by the company on May 16 includes a debit to: Multiple Choice Dividends Payable and a credit to Cash for $824,000. Dividends and a credit to Dividends Payable for $824,000. Dividends Payable and a credit to Cash for $781,600. Dividends and a credit to Dividends Payable for $781,600
Answer:
b. Dividends and a credit to Dividends Payable for $824,000
Explanation:
Dividends payable = 2,060,000 shares * $0.40 per share = $824,000
Journal entry on February 16
Dividends $824,000
Dividends payable $824,000
Farmer Elvin is holding 200 pounds of potatoes in storage for Chef Noble but Chef Noble has breached the contract by failing to pay for the potatoes. The potatoes are beginning to rot. If Farmer Elvin sells the potatoes to a local diner to make potato soup and salad, then this action would be considered: Group of answer choices An attempt to maximize damages Conversion An attempt to realize an unwarranted profit. A reasonable mitigation of damages.
Answer:
A reasonable mitigation of damages.
Explanation:
Chef Noble breached the contract with farmer Elvin, and therefore, farmer Elvin is entitled to sue chef noble and seek compensatory damages for the money that he might have lost due to this contract breach. But it is reasonable for farmer Elvin to try to lower the damages suffered by selling the potatoes to other clients even if these clients do not pay the normal contract price for the merchandise. In the event of a lawsuit, this action will even benefit chef Noble since the damages will be smaller and the court will probably require him to pay a lower amount of money.
Your client wants to open a new QuickBooks Payments merchant
account.
Answer: a. In the Usage tab of Account and Settings
Explanation:
QuickBooks online is an accounting software that is mostly used by small to medium size businesses. They offer a variety of tools such that even accounting novices can keep proper records.
If one wanted to open a new QuickBooks Payments merchant account, they should go to the Usage tab of Accounts and Settings where they can then follow the prompts and register the account with the relevant details needed such as name of business. Debit or credit cards can then be added to the account.
Tevebaugh Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year The cost of goods available for sale is:________
Beginning inventories:
Finished goods $ 30,000
Estimated total manufacturing overhead at the beginning of the year $ 568,000
Estimated direct labor-hours at the beginning of the year 32,000 direct labor-hours
Results of operations:
Raw materials (all direct) requisitioned for use in production $ 501,000
Direct labor cost $ 683,000
Actual direct labor-hours 33,000 direct labor-hours
Manufacturing overhead:
Indirect labor cost $ 176,000
Other manufacturing overhead costs incurred $ 420,000
Selling and administrative:
Selling and administrative salaries $ 219,000
Other selling and administrative expenses $ 346,000
Cost of goods manufactured $ 1,567,000
Sales revenue $ 2,498,000
Cost of goods sold (unadjusted) $ 1,376,000
The net operating income is:
$892,750
$765,750
$546,750
$1,111,750
Answer:
c
Explanation:
Identify the impact on either the supply or demand of loanable funds following the events listed below. Economic conditions deteriorate, prompting households to save a larger portion of their income. will In an effort to balance the budget, the government increases taxes paid by businesses. will Economic conditions improve, increasing the demand for goods and services. will Innovations in robotics technology vastly improves productivity within manufacturing firms. will
Answer:
1. Economic conditions deteriorate, prompting households to save a larger portion of their income. SUPPLY will INCREASE.
Loanable funds are created by financial institutions from the savings that households deposit in them. If households start saving more, the amount of loanable funds created will be more which means an increase in supply.
2. In an effort to balance the budget, the government increases taxes paid by businesses. DEMAND will DECREASE.
Businesses comprise a large portion of the market demanding loanable funds. If their taxes increase, they will reduce the loanable funds they get which they use for investment because they will not see the need of investing more if their profitability will suffer from taxation.
3. Economic conditions improve, increasing the demand for goods and services. DEMAND will INCREASE.
With goods and services in high demand, businesses will seek more loanable funds to expand their capacity and produce more goods and services.
4. Innovations in robotics technology vastly improves productivity within manufacturing firms. DEMAND will INCREASE.
Demand for loanable funds will increase as businesses invest in the innovations to take advantage of the improved productivity offered by them.
The impact of the demand and supply in the given situations would be as follows:
1). Increase in Supply
2). Decrease in Demand
3). Increase in Demand
4). Increase in Demand
Demand and Supply
Demand and Supply are affected by various factors including price, income, and many others.
The fall in the economic conditions and people promoting savings would cause an increase in supply because the demand would decrease due to emphasis on savings.
The increased taxation would cause the purchasing power of the people to fall and thus, the demand would decrease.
The improvement in economic conditions implies more purchasing powers and hence, the demand will increase.
The enhanced productivity increases employment and hence, more will be demanded.
Learn more about "Demand" here:
brainly.com/question/17720572
Question 2. Suppose the mean age of video game players is 28, the standard deviation is 9 years, and the distribution is bell shaped. To assist a video game company’s marketing department in obtaining demographics to increase sales, determine the proportion of players who are
a. between 19 and 28
b. between 28 and 37
c. older than 37
Answer:
0.34134 ; 0.84134; 0.15866
Explanation:
Given that:
Mean (m) = 28
Standard deviation (s) = 9
Proportion of players;
a. between 19 and 28
P(x < 28) - P(x < 19)
Z = (x - mean) / standard deviation
[Z = (28 - 28) / 9] - [Z = (19 - 28) /9]
P(Z < 0) - P(Z < - 1)
0.5 - 0.15866 [Z probability calculator]
= 0.34134
b. between 28 and 37
P(x < 37) - P(x < 28)
Z = (x - mean) / standard deviation
[Z = (37 - 28) / 9] - [Z = (28 - 28) /9]
P(Z < 1) - P(Z < 0)
0.84134 - 0 [Z probability calculator]
= 0.84134
c. older than 37
P(x > 37)
Z = (x - m) / s
Z = (37 - 28) / 9
Z = 9/9 = 1
P(Z > 1) = 1 - P(Z < 1)
P(Z > 1) = 1 - 0.84134
P(Z > 1) = 1 - 0.84134
P(Z > 1) = 0.15866
R. C. Barker makes purchasing decisions for his company. One product that he buys costs $50 per unit when the order quantity is less than 500. When the quantity ordered is 500 or more, the price per unit drops to $48. The ordering cost is $30 per order and the annual demand is 7,500 units. The holding cost is 10 percent of the purchase cost. If R. C. orders 500 units each time he places an order, what would the total annual holding cost be
Answer:
$1,200
Explanation:
total annual holding cost = average number of units in inventory x annual holding cost per unit
average number of units in inventory = 500 units / 2 = 250 unitsannual holding cost per unit = $48 x 10% = $4.8total annual holding cost = $4.80 x 250 units = $1,200
Total annual holding cost per unit includes all the costs associated to keeping a certain inventory level, e.g. warehouse costs like rent and utilities, salaries of hte employees that work in the warehouse, insurance, etc.