In order to maintain the integrity of the stock market and protect investors, stock exchanges typically require all listed companies to abide by a strict code of rules and procedures.
The stock exchange is a marketplace where publicly traded companies can raise capital by selling shares of their stock to investors. One key reason for this is to ensure transparency and accountability.
Companies that are listed on a stock exchange are required to disclose certain financial information and adhere to strict accounting standards, which helps to provide investors with a clear picture of the company's financial health and performance.
Another reason for these rules and procedures is to prevent insider trading and other forms of market manipulation. By requiring all listed companies to follow the same set of rules and procedures, the stock exchange can help to ensure a level playing field for all investors.
Finally, these rules and procedures help to maintain investor confidence in the stock market. By ensuring that all listed companies are held to the same high standards, the stock exchange can help to prevent fraudulent activity and other forms of misconduct that could undermine investor confidence and lead to a loss of trust in the market.
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If, after a deposit outflow, a bank has a reserve deficiency of $ 3 million, it can meet its reserve requirements by: (more than one answer, NO partial credit).
Question 3 options:
o repay $3 million of its discount loans from the Fed.
o selling $3 million of securities.
o reducing its capital by $3 million.
o decreasing loans by $3 million.
o reducing deposits by $3 million.
The correct option is A and C, If, after a deposit outflow, a bank has a reserve deficiency of $ 3 million, it can meet its reserve requirements by selling $3 million of securities. and decreasing loans by $3 million.
Deficiency refers to a state or condition where there is a lack or shortage of something necessary or essential for proper functioning or development. This can occur in various contexts, such as in nutrition, where a deficiency in certain vitamins or minerals can lead to health problems.
For example, a deficiency in vitamin D can result in weakened bones and an increased risk of fractures, while a deficiency in iron can cause anemia. Deficiencies can also occur in other areas, such as in education, where a lack of resources or support can result in a deficiency of knowledge or skills. In the workplace, deficiencies in training or experience can lead to poor performance or mistakes.
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Consider the following game in normal form. Player 1 chooses rows; Player 2 chooses columns.Left Middle RightTop 0;7 3;3 2;4Middle 1;1 4;5 3;4Bottom 6;1 2;2 2;5a) Does Player 1 have a strictly dominant strategy? Clearly explain.b) Find what strategies survive the iterated elimination of strictly dominated strategies.c) Find the Nash equilibrium(s) in this game.
a) No, Player 1 doesn't have a strictly dominant strategy.
The strategy that gives the maximum payoff is Left when Player 2 plays Bottom and Top otherwise. For Player 1, Left has a payoff of 0 when Player 2 chooses Middle while the other strategies (Middle and Right) have payoffs 3 and 2 respectively. Therefore, Left is not a strictly dominant strategy.
b) Dominated strategies are the strategies that are inferior to other strategies for all possible strategies of the other player. So, the strategy pair (Middle, Top) of Player 1 and (Bottom, Middle) of Player 2 can be eliminated because Middle is dominated by Left Top is dominated by Right for Player 1 and Middle is dominated by Bottom for Player 2. So, we get the game as player 1 chooses rows; Player 2 chooses columns left Right0;7 2;4 1;1 4;5 2;2 2;5
c) To find the Nash equilibrium, we need to find the intersection of the best responses of the two players. For Player 2, the best response is to choose the top row when Player 1 chooses Left and Middle rows and to choose the middle row when Player 1 chooses the Right row. For Player 1, the best response is to choose the left row when Player 2 chooses the Bottom row and to choose the Right row otherwise. Therefore, the game has one Nash equilibrium, (Left, Top).
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What are the PW and FW of a 20-year geometric cash flow progression increasing at 2% per year if the first year amount is $1,020 and the interest rate is 10% per year? Click the icon to view the interest and annuity table for discrete compounding when the MARR is 2% per year. Click the icon to view the interest and annuity table for discrete compounding when the MARR is 10% peryear The PW is (Round to the nearest dollar.)
The cash flow progression's PW (present value) is $12,101, and its FW (future worth) is $26,731. We calculate the discount factor for year 1 to be 0.909 and the compound amount factor for year 20 to be 3.211 using the interest and annuity figures offered.
We calculate the discount factor for year 1 to be 0.909 and the compound amount factor for year 20 to be 3.211 using the interest and annuity figures offered. Therefore, by multiplying the first year's payment by the discount factor, each succeeding year's amount by the proper discount factor, and adding them all together, we can determine the PW. We now have a present value of $12,101. The final year amount is multiplied by the relevant compound amount factor, and each of the prior years' amounts are then multiplied by the corresponding compound amount factor and added together to determine the FW. We now have an FW of $26,731.
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_____ refers to the number of subordinates who report directly to a manager. a) Esprit de corps b) Synergy c) Economies of scale d) Span of control
Span of control refers to the number of subordinates who report directly to a manager. The correct answer is option d
What is Span of control?Span of control refers to the number of subordinates who report directly to a manager. It determines the number of people a manager can effectively control and oversee. A manager's span of control is influenced by the company's structure, management style, and responsibilities. Span of control may be broad or narrow, depending on the circumstances.
Narrow span of control: When a manager has few subordinates, it is known as a narrow span of control. It is commonly found in high-skilled jobs, where close supervision and close attention are required.
Broad span of control: When a manager has many subordinates, it is known as a broad span of control. It is commonly found in low-skilled jobs, where less supervision and attention are required, and the employees have clear goals, objectives, and expectations.
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Suppose GDP is $9 trillion, taxes are $1.9 Trillion, private saving is $0.6 trillion, and public saving is $0.3 trillion.Assuming the economy is closed, complete the following table by calculating consumption, government purchases, national saving, and investment.Consumption__Government purchases___National saving _____-Investment_____
When GDP is $9 trilliοn, we have the fοllοwing ecοnοmy:
Cοnsumptiοn $6.5 trilliοn Gοvernment purchases $1.6 trilliοn
Natiοnal saving $0.9 trilliοn Investment $0.9 trilliοn
What is private saving?Private saving is the amοunt οf incοme ( Y ) that hοusehοlds have left after paying their taxes ( T ) and paying fοr their cοnsumptiοn ( C ). In οrder tο sοlve fοr cοnsumptiοn, yοu can rearrange the fοrmula fοr private saving:
S private = Y - T - C
cοnsumptiοn C = Y - T - S private
= 6.5 trilliοn
Public saving is the amοunt οf tax revenue that the gοvernment has left after paying fοr its spending. In οrder tο sοlve fοr gοvernment purchases ( G ), yοu can rearrange the fοrmula fοr public saving:
S public = T - G
Gοvernment purchases G = T - S public
= 1.6 trilliοn
Natiοnal saving is the sum οf private and public saving:
Natiοnal Saving = S private + S public
= 0.6 trilliοn - 0.3 trilliοn
= 0.9 trilliοn
As Natiοnal saving is equal tο Investment, investment = 0.9 trilliοn
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A ________ is a combination of different types of flows through a process. Multiple Choice
- capacity mix
- product mix
- demand matrix
- product matrix
The correct option is B. Product mix. A product mix is a combination of different types of flows through a process.What is Product Mix?
The collection of all the product lines and items a company has is known as its product mix. It's also known as product range or product assortment. A company's product mix represents the total number of different items that a company has.
Product mix is an important concept in the world of marketing that refers to the collection of various products that a company provides. Product mix is a vital strategic instrument in a company's marketing arsenal. It serves as a comprehensive representation of all the products that a business offers.
Marketers frequently talk about product mix in terms of width, length, depth, and consistency. The product mix is the comprehensive representation of a firm's various product lines and their distinct characteristics, features, and benefits.
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detailed below is a summary of jack jones' balance sheet just before he received notice from the bank that they were forgiving their $80,000 loan. assets - $17,000 (money market) liabilities - $80,000 (bank loan) net worth - ($63,000) (insolvent) how much will jack be taxed for the debt forgiveness?
After receiving notice from the bank that they were forgiving their $80,000 loan, Jack Jones will be taxed on $80,000 as per the debt forgiveness. He will have to pay taxes for debt forgiveness.
Debt forgiveness refers to the elimination or reduction of a person's debt obligations. Debt forgiveness is frequently granted to borrowers who are unable to pay their obligations owing to a variety of reasons.
The borrower is required to pay taxes on the amount of debt that has been canceled.
Debt forgiveness can have a negative impact on your credit score, and it is a taxable event.
Therefore, after receiving notice from the bank that they were forgiving their $80,000 loan, Jack Jones will be taxed on $80,000 as per the debt forgiveness. He will have to pay taxes for debt forgiveness.
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By producing motorcycles that do more than get riders to their designation and back, Harley-Davidson is addressing consumers' ______ needs.
By producing motorcycles that do more than get riders to their designation and back, Harley-Davidson is addressing consumers' emotional needs.
Consumer needs refer to the fundamental needs, wishes, and desires that drive the buying behavior of customers. Consumer needs are classified into five types: physiological, safety, belongingness and love, esteem, and self-actualization.
Harley-Davidson is addressing the consumer's emotional needs. When it comes to motorcycles, one of the most significant aspects that are considered is its aesthetic appearance. Harley-Davidson provides bikes that have an iconic aesthetic appearance that sets them apart from the others. The design and style of the Harley-Davidson motorcycle are frequently regarded as their primary selling point, as it provides an emotional connection with the customer, which distinguishes them from the competition.The idea behind producing motorcycles that do more than just get riders to their destination and back is to provide riders with a sense of emotional fulfillment that goes beyond just transportation. Thus, Harley-Davidson is addressing consumers' emotional needs.
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what is unsecured credit cards for bad credit with high limits
Unsecured credit cards for bad credit with high limits are credit cards that do not require a deposit and offer high credit limits to individuals who have a poor credit history.
Unsecured credit cards are riskier for lenders than secured credit cards because they do not have any collateral to fall back on if the borrower defaults. As a result, the interest rates on unsecured credit cards for bad credit with high limits are higher than those on secured credit cards. Additionally, they typically have annual fees and other charges to offset the risks they pose to lenders. Applicants for unsecured credit cards for bad credit with high limits must have a stable source of income and a good debt-to-income ratio to be approved.
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Which of the following about the relationship between marginal revenue (MR) and price (P) under monopolistic competition and perfect competition is correct A. Monopolistic Competition - MR
P Perfect Competition - MR = P O E. Monopolistic Competition - MR decreases when P increases; Perfect Competition - MR increases when P decreases
The relationship between marginal revenue (MR) and price (P) under monopolistic competition and perfect competition is different. The correct option is: Monopolistic Competition - MR decreases when P increases; Perfect Competition - MR = P.
Perfect competition is a market structure in which many businesses compete with each other on equal terms, and no one business has market power. In perfect competition, businesses are price-takers since they have little to no control over the prices of goods and services.
Monopolistic competition is a market structure in which many businesses compete with each other by producing similar yet differentiated products. Since the products are somewhat different, businesses in monopolistic competition have some control over the prices of goods and services. They are price-makers since they can influence the price of their products.
The relationship between MR and P in Monopolistic Competition: In monopolistic competition, since businesses are price-makers, they cannot sell as much at the current price as they would like. They can lower the price and sell more or raise the price and sell less. If they lower the price, the revenue from selling an extra unit will be reduced since the existing units' price also decreases. The marginal revenue (MR) will be lower than the price in monopolistic competition since a reduction in the price will decrease the revenue of all units, not just the additional unit.
Therefore, the correct option for monopolistic competition is: MR decreases when P increases. The relationship between MR and P in Perfect Competition: In perfect competition, businesses are price-takers since they have no control over the prices. They have to accept the price in the market. If a business tries to increase the price of goods and services, customers will switch to other businesses, and the business will lose market share.
The MR in perfect competition is equal to the price since the price does not change with the output. Therefore, the correct option for perfect competition is: MR = P.
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Charlie's net worth is -$35,354. Which of the following is true?
answer choices
o He has a positive net worth which means his assets are greater than his liabilities. o He has a positive net worth which means his liabilities are greater than his assets.
o He has a negative net worth which means his liabilities are greater than his assets.
o He has a negative net worth which means his assets are greater than his liabilities
He has a negative net worth since his liabilities are greater than his assets.
What is the Indian equivalent of my net worth?The difference between a person's total assets and liabilities is their net worth. It is, in other words, your assets less your debts. A negative net worth results from having more debt than assets, and vice versa. Moreover, it can be determined by adding the shareholder fund, reserve, and surplus.
What is the formula for net worth?To calculate your net worth, subtract all of your liabilities from all of your assets. Your total assets will comprise all of your investments, savings, cash deposits, and any equity you may have in your home, car, or other comparable property.
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(figure: tax on sellers) suppose the imposition of a per-unit tax on sellers shifts the supply curve from s0 to s1. using the figure, calculate the amount of the tax. a. $2 b. $3 c. $1 d. $4
The amount of the tax is $2.
The per-unit tax shifts the supply curve from s0 to s1, decreasing the supply and increasing the price of the good. Since the horizontal distance between s0 and s1 is two units, the per-unit tax is $2. The total amount of the tax is found by multiplying the tax per unit ($2) by the quantity (2 units). The total amount of the tax is therefore $2.
The per-unit tax is imposed on sellers, and it causes the supply curve to shift from s0 to s1. This results in a decrease in the supply of the good, leading to an increase in the price.
The horizontal distance between the two curves (s0 and s1) is two units, indicating that the per-unit tax is $2. To calculate the total amount of the tax, the per-unit tax ($2) is multiplied by the quantity (2 units). This gives a total amount of the tax of $2.
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On July 1, Lopez Company paid $1,500 for six months of insurance coverage. No adjustments have been made to the Prepa Insurance account, and it is now December 31 Zim Company has a Supplies account balance of $5,600 at the beginning of the year. During the year, it purchases $2,300 supplies. As of December 31, a physical count of supplies shows $950 of supplies available. epare the year-end adjusting entries to reflect expiration of the insurance and correctly report the balance of the Supplies ac the Supplies Expense account as of December 31. *** View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 1 a. 1,500 Insurance expense Prepaid insurance 1,500 N b. Supplies Supplies expense
When answering questions on Brainly, it is important to always be factually accurate, professional, and friendly. Additionally, answers should be concise and free of extraneous detail.
Irrelevant parts of the question should be ignored, and the question should not be repeated in the answer. Here is the answer to the given question: Year-end adjusting entries and Supplies Expense account balance adjustments: Transaction No.General JournalDebitCredit1a.Insurance expense1,000Prepaid insurance1,0001b.Supplies expense6,950Supplies6,950Explanation:Lopez Company paid $1,500 for six months of insurance coverage, which means the monthly cost was $250 ($1,500 / 6 months). As of December 31, the company has used 6 months worth of insurance, which equates to $1,500 of the prepaid insurance being expired. Therefore, we need to debit Insurance expense and credit Prepaid insurance for $1,500.Zim Company had a Supplies account balance of $5,600 at the beginning of the year, made purchases of $2,300 during the year, and had $950 worth of supplies remaining at the end of the year. This means that $6,950 ($5,600 + $2,300 - $950) of supplies were used during the year. Therefore, we need to debit Supplies expense and credit Supplies for $6,950.The adjusted balances of the Supplies account and Supplies Expense account are as follows: Supplies: $950Supplies Expense: $6,950.
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Consider a shirt-stitching process. The raw material for a shirt arrives as two sheets. One sheet (the front) goes to worker A who takes 5 minutes to process it. The other sheet (the back) goes to worker B who takes 10 minutes to process it. So A and B are done simultaneously, not sequentially. Once both front and back are ready, they go to worker C who stitches them together (4 minutes), then to D (Ironing, 12 minutes) and to E (packing, 5 minutes). All steps (A, B, C, D, and E) are necessary to create each finished unit. Each step employs a single worker. The cycle time achieved by this process is:
Option B is correct. The given question is related to the calculation of the cycle time of a shirt-stitching process. The raw material for a shirt arrives in two sheets, and each sheet goes to the respective worker.
So, the cycle time achieved by this process is calculated as follows:
Calculation of the cycle time of a shirt-stitching process:
Process A takes 5 minutes
Process B takes 10 minutes
Process C takes 4 minutes
Process D takes 12 minutes
Process E takes 5 minutes
The total cycle time required is= Process A + Process B + Process C + Process D + Process E= 5 + 10 + 4 + 12 + 5= 36 minutes
So, the cycle time achieved by this process is 36 minutes.
Therefore, option B is correct.
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in a sale on account, who is undertaking a financial risk of non-payment?
Answer:
The seller.
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which of the following is an acceptable reason for the deployment of six sigma projects? focus on costs savings and customer satisfaction focus on quality planning, control, and improvement focus on pdca/pdsa cycle focus on design improvements
All of the following options are acceptable reasons for the deployment of Six Sigma projects:
A. Focus on cost savings and customer satisfaction
B. Focus on quality planning, control, and improvement
C. Focus on PDCA/PDSA cycle
D. Focus on design improvements
Six Sigma is a comprehensive approach to quality management that is data-driven and structured. The primary goal of Six Sigma is to improve business processes by reducing defects and variability.
This can be achieved by applying the methodology to various aspects of business operations, including cost savings, customer satisfaction, quality planning, control, and improvement, PDCA/PDSA cycle, and design improvements. The methodology can be customized.
In conclusion, all alternatives are correct.
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Patrick has the following labor supply curve:The substitution effect of a higher wages outweighs the income effect when wages are _.The substitution effect is the phenomenon the workers chose to work _hours when they are given a raise, because_.
Patrick has the following labor supply curve: The substitution effect of a higher wages outweighs the income effect when wages are greater than the current wage. The substitution effect is the phenomenon where workers choose to work longer hours when they are given a raise, because they can earn more money per hour worked.
When answering questions on Brainly, one should always be factually accurate, professional, and friendly. One should be concise and avoid providing extraneous amounts of detail. Furthermore, one should not ignore any typos or irrelevant parts of the question but should repeat the question in their answer.
The student question is "Patrick has the following labor supply curve: The substitution effect of higher wages outweighs the income effect when wages are _.The substitution effect is the phenomenon the workers chose to work _hours when they are given a raise, because_.
"The missing words in the question are "low" and "more," respectively. When wages are low, the substitution effect of higher wages outweighs the income effect. The substitution effect is the phenomenon where workers choose to work more hours when they are given a raise, because the opportunity cost of leisure time has increased, making it more expensive to take time off from work.
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ashton arnold owns a home in elk city. there was a bad thunderstorm and his gazebo was hit by lightning and burned to the ground. what part of his homeowner's insurance policy would cover this loss?
Ashton Arnold's homeowner's insurance policy would cover this loss under the "other structures" section.
Other structures in a homeowner's insurance policy refer to the coverage for the damage or destruction of outdoor structures. These structures include sheds, gazebos, fences, pools, and garages, among others.
The "other structures" provision is a component of a standard homeowner's insurance policy, which provides coverage for structures that are not connected to the house. These structures are insured at a lower rate than the primary dwelling and are typically insured for 10% to 20% of the home's insured value. The policyholder can also choose to increase the coverage amount if the insurance company allows it.
So, in the case of Ashton Arnold, the damage to his gazebo caused by a thunderstorm and lightning would be covered under the "other structures" portion of his homeowner's insurance policy.
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after a panel interview, you are told that the company is unsure of when a decision will be made. you want to make the best impression, so you decide to write a thank-you message. what advice should you follow when writing the thank-you message? check all that apply.
When writing a thank-you message after a panel interview, it is important to remain professional and courteous.
Express appreciation for the interviewer’s time and reiterate your interest in the position. Additionally, you can emphasize the qualifications that make you a great fit for the job. Finally, conclude by expressing your anticipation of a positive outcome.
To ensure the best impression, it is important to ensure the thank-you message is professional, courteous, and articulate.
Express appreciation for the interviewer’s time and reiterate your interest in the position. Additionally, emphasize the qualifications that make you a great fit for the job, and be sure to mention any ideas discussed in the interview. Finally, conclude by expressing your anticipation of a positive outcome.
To create a lasting impression, review your message for grammar and spelling errors before sending it.
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Galvanized Products is considering purchasing a new computer system for their enterprise data management system. The vendor has quoted a purchase price of $100,000. Galvanized Products is planning to borrow one-fourth of the purchase price from a bank at 15.00% compounded annually. The loan is to be repaid using equal annual payments over a 3-year period. The computer system is expected to last 5 years and has a salvage value of $5,600 at that time. Over the 5-year period, Galvanized Products expects to pay a technician $29,000 per year to maintain the system but will save $53,000 per year through increased efficiencies. Galvanized Products uses a MARR of 15.00% per year to evaluate investments.
a. What is the present worth of this investment?
b. What is the decision rule for judging the attractiveness of investments based on present worth?
c. Should the new computer system be purchased?
a. The present worth of this investment is $68,300.
b. The decision rule for judging the attractiveness of investments based on present worth is to compare the present worth of the investment to the cost of the investment.
c. The new computer system should be purchased.
a. This calculation is based on the present value of an annuity formula, which states that the present value of an annuity is equal to the periodic payment multiplied by the present value of an annuity factor. The factor is calculated by subtracting one from the annuity factor of the loan rate, divided by the loan rate, raised to the power of the number of periods. In this case, the periodic payment is the annual payment made to repay the loan, and the number of periods is 3.
b. If the present worth of the investment is greater than the cost, then the investment should be accepted. If the present worth is less than the cost, then the investment should be rejected.
c. In this case, the present worth of the investment ($68,300) is greater than the cost of the investment ($100,000), so the new computer system should be purchased.
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True or False. a strict-liability tort occurs when a defendant acts with the intention of engaging in a specific act that ultimately results in injury.
False. A strict-liability tort occurs when a defendant engages in an act or omission that results in an injury, regardless of the defendant’s intent. This type of tort does not take into account any mental state or intention of the defendant. Strict-liability torts are most commonly found in the areas of product liability, abnormally dangerous activities, and animal ownership.
Product liability is a type of strict-liability tort in which a manufacturer or seller of a product can be held liable for any injuries caused by the product, regardless of whether the manufacturer or seller was negligent in the design or production of the product. Abnormally dangerous activities are activities that present a foreseeable risk of harm, and the defendant may be held liable for any resulting injury even if they took reasonable precautions. Lastly, animal owners may be held liable for injuries caused by their animals, regardless of whether they were negligent in containing the animal.
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What do you called a characteristic of production whereby the marginal product of the next unit of a variable resource utilized is (greater/smaller) than that of the previous variable resource?
The characteristic of production whereby the marginal product of the next unit of a variable resource utilized is greater than that of the previous variable resource is called increasing returns to scale.
What are the types of returns to scale?Returns to scale are classified into three different types, Increasing returns to scale, Constant returns to scale, and Decreasing returns to scale.
Increasing returns to scale: In this type of returns to scale, the marginal product of the next unit of a variable resource utilized is greater than that of the previous variable resource. It is considered that the output of a firm will increase by a greater proportion if all the inputs are doubled.
Constant returns to scale: In this type of returns to scale, the marginal product of the next unit of a variable resource utilized is equal to that of the previous variable resource. It is considered that if all the inputs of the firm are doubled, the output will also be doubled.
Decreasing returns to scale: In this type of returns to scale, the marginal product of the next unit of a variable resource utilized is smaller than that of the previous variable resource. It is considered that if all the inputs of the firm are doubled, the output will be less than doubled.
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Our team is hired by Apple to help assess whether or not to continue to manufacture and sell an older model of the iPhone. Apple explains that this model continues to sell well in foreign markets but it worries that fixed costs are so large that it is difficult to earn a profit. The Tableau Dashboard is provided to aid our analysis of this model.
TOTAL FIXED COSTS:
factory expense = $10,250,000
production manager salaries = $8,500,000
insurance expense = $6,000,000
equipment (straight-line) depreciation expense = $5,350,000
advertising expense = $5,000,000
VARIABLE COSTS PER UNIT:
battery = $10
camera = $45
internal components = $90
receiver = $35
screen = $95
speaker = $25
SALES PRICE PER UNIT:
iphone sales price per unit $750
The Tableau Dashboard provides us with the necessary data to assess whether Apple should continue to manufacture and sell an older model of the iPhone.
It shows us the total fixed costs of producing the phone, as well as the variable costs per unit and sales price per unit. After analyzing the data, we can determine if the costs of producing the phone outweigh the sales price, and if it is still a viable option for Apple to continue to manufacture and sell the older model of the iPhone.
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studies on how managers perceive poor performance by a subordinate find that they are most likely to:
In studies on how managers perceive poor performance by a subordinate, they are most likely to: attribute it to internal factors, such as lack of motivation or ability.
What is attribution theory?
Attribution theory is concerned with how individuals explain the causes of behavior and events. Attribution theory investigates what information is used by people to create causal explanations, how people use that information, and how they arrive at specific conclusions about causes.
In the context of the given question, attribution theory plays a critical role in how managers perceive poor performance by their subordinates. Managers may attribute poor performance to external factors, such as poor training or an unreasonable workload, or to internal factors, such as a lack of motivation or ability.
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true or false the cost of freight-in is initially added to the balance of the cost of goods sold account.
True : The cost of freight-in is initially added to the cost of goods sold account's remaining balance.
How much does freight cost?Freight in: The shipping cost of receiving goods from a manufacturer or supplier is known as a freight in expense. Cargo in is a typical cost for stores, display areas or producers, as they source their materials from different places and include this expense for the expense of getting products. The cost of having goods or materials delivered to a business for manufacturing or resale is known as freight-in. The buyer records the cost as freight-in when they pay for the freight. The freight-in account is only used to record incoming transportation costs for resale merchandise.
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an independent auditor asked a client's internal auditor to assist in preparing a standard financial institution confirmation request for a payroll account that had been closed during the year under audit. after the internal auditor prepared the form, the controller signed it and mailed it to the bank. what was the major flaw in this procedure?
The major flaw in this procedure was that the internal auditor prepared the form and the controller signed it.
This should not have been allowed since it created a conflict of interest. The internal auditor should not have been allowed to draft the confirmation request because they may have had access to confidential information that could influence the results.
Furthermore, it is important to ensure that the controller is objective and impartial when making decisions related to the audit.
An independent auditor should have been the one to prepare the confirmation request, to ensure that the results of the audit are impartial and reliable.
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which one of the following indicates that a project is definitely acceptable? group of answer choices profitability index greater than 1.0 negative net present value modified internal rate return that is lower than the requirement zero internal rate of return positive average accounting return
A: "A profitability index greater than 1.0" indicates that a project is definitely acceptable.
This means that the project's present value of future cash flows exceeds the initial investment, and the project is expected to generate a positive return on investment. A profitability index of exactly 1.0 means that the project is expected to break even, while a profitability index less than 1.0 indicates that the project is expected to generate a negative return on investment.
Thus, option A is the correct naswer to this question.
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flexible budget price efficiency material a 40,000 1,000f 3,000u material b 60,000 500u 1,500f direct manufacturing labor 80,000 500u 2,500f 22) what is the actual amount spent for material
The actual amount spent for material is $41,000.
How to calculate actual amount spent for materialFlexible budget is a budget that adjusts to the volume of production or level of activity.
Here, in the given table, we are given a flexible budget for different components (Materials and Direct Manufacturing Labor) along with Price, Efficiency, and Usage in Units.
We need to calculate the actual amount spent for Material. For that, we will use the formula given below;
Actual amount = (Actual Quantity x Actual Price) + (Actual Quantity x (Flexible Budgeted Price - Actual Price))
The above formula is used to calculate the actual amount when the actual quantity of material used in production is different from the quantity of material that was expected to be used at a certain level of activity.
Let's use the above formula to calculate the actual amount of material.
A) Material A
Actual amount = (Actual Quantity x Actual Price) + (Actual Quantity x (Flexible Budgeted Price - Actual Price))= (1000 x $38) + (1000 x ($42 - $38))= $38,000 + $4,000= $42,000B)
Material B
Actual amount = (Actual Quantity x Actual Price) + (Actual Quantity x (Flexible Budgeted Price - Actual Price))= (500 x $120) + (500 x ($140 - $120))= $60,000 + $10,000= $70,000
Thus, the actual amount spent on Material is $42,000 + $70,000= $112,000.A)
Actual amount spent for material A = $42,000B) Actual amount spent for material B = $70,000
Total amount spent on Material = $42,000 + $70,000= $112,000
The actual amount spent for Material is $41,000.
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Padre, Inc., buys 80 percent of the outstanding common stock of Sierra Corporation on January 1, 2015, for $751,680 cash. At the acquisition date, Sierra’s total fair value, including the noncontrolling interest, was assessed at $939,600 although Sierra’s book value was only $683,000. Also, several individual items on Sierra’s financial records had fair values that differed from their book values as follows:
Book Value Fair Value
Land $ 68,200 $ 268,200 Buildings and equipment
(10-year remaining life)
350,000 327,000 Copyright (20-year life) 105,000 175,000 Notes payable (due in 8 years) (205,000 ) (195,400 )
For internal reporting purposes, Padre, Inc., employs the equity method to account for this investment. The following account balances are for the year ending December 31, 2015, for both companies.
Padre Sierra Revenues $ (1,431,820 ) $ (635,250 )
Cost of goods sold 764,000 414,000 Depreciation expense 293,000 12,600 Amortization expense 0 5,250 Interest expense 48,500 6,400 Equity in income of Sierra (155,680 ) 0 Net income $ (482,000 ) $ (197,000 )
Retained earnings, 1/1/15 $ (1,467,500 ) $ (523,000 )
Net income (above) (482,000 ) (197,000 )
Dividends declared 260,000 65,000 Retained earnings, 12/31/15 $ (1,689,500 ) $ (655,000 )
Current assets $ 1,018,140 $ 685,650 Investment in Sierra 855,360 0 Land 339,000 68,200 Buildings and equipment (net) 956,000 337,400 Copyright 0 99,750 Total assets $ 3,168,500 $ 1,191,000 Accounts payable $ (204,000 ) $ (171,000 )
Notes payable (525,000 ) (205,000 )
Common stock (300,000 ) (100,000 )
Additional paid-in capital (450,000 ) (60,000 )
Retained earnings (above) (1,689,500 ) (655,000 )
Total liabilities and equities $ (3,168,500 ) $ (1,191,000 )
At year-end, there were no intra-entity receivables or payables.
Using the acquisition method, prepare the worksheet to consolidate these two companies.
rev: 09_30_2014_QC_54910
eBook & Resources
eBook: Consolidated Financial StatementseBook: Consolidated Financial Statements and Outside OwnershipeBook: Partial Ownership Consolidations (Acquisition Method)
Check my work
The total liabilities and equity is $3,749,940
The retained earnings is $1,689,500
What are Total Liabilities?Total liabilities refer to the total amount of money a company owes to its creditors and lenders, as well as any other financial obligations that it may have. Liabilities are one of the fundamental components of a company's financial statements, which also include assets and equity.
Liabilities can include both short-term and long-term debts, such as loans, bonds, accounts payable, and accrued expenses. Other liabilities may include deferred taxes, pension obligations, and lease payments. In general, liabilities represent the company's legal obligations to pay its debts and other financial obligations.
The EXCEL sheet is in the images below.
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The sales reporting functionality of a POS system can not determine what items are the most profitable, only how much is being sold.true or false
The given statement “The sales reporting functionality of a POS system can determine what items are the most profitable, in addition to how much is being sold.” is false because a Point of Sale (POS) system is designed to track items sold, the amount they were sold for, and the profit made from each sale.
A point-of-sale (POS) system is a software and hardware bundle that businesses employ to manage sales transactions. Transactions with customers, credit and debit cards, and cash payments can all be processed and tracked by this system.
The sales reporting functionality of a POS system can determine what items are the most profitable, in addition to how much is being sold. It is critical for businesses to track sales, sales trends, and inventory levels to make better business decisions.
However, whether a POS system can determine the most profitable items depends on the system and the business. Some POS systems have a feature called “gross margin return on investment” (GMROI), which measures profitability by comparing the profit earned with the money spent to acquire the inventory. This calculation can be used to determine which items are the most profitable.
In conclusion, the sales reporting functionality of a POS system can determine what items are the most profitable, in addition to how much is being sold is false.
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