Abel, Baker, and Charlie all run competing bakeries, where each makes loaves of bread. a. At Abel’s bakery, the marginal product of labor is 15, and the average product of labor is 12. Would Abel’s average product increase or decrease if he hired another worker? b. At Baker’s bakery, the marginal product of labor is 7, and the average product of labor is 12. Would Baker’s average product increase or decrease if he hired another worker? c. At Charlie’s bakery, the marginal product of labor is –12. Does this mean her average product must also be negative?

Answer:

a. It would increase

If the Marginal product of labor is higher than the average product of labor then it means that for every additional person hired, production will increase more than it did when they hired the last person thereby increasing the average product. Production is increasing at an increasing rate. Abel should hire more people.

b. It would decrease

If the Marginal product of labor is less than the average product, this means that for every additional person hired, the additional production quantity is less than when they hired the last person therefore average product will decrease. Production is increasing at a decreasing rate. Baker should not hire more people.

c. It does not mean average product is also negative.

A negative marginal product means that for every additional person hired, the total production quantity reduces. This does not mean that average production will be negative. This in fact, is not possible. Charlie's Bakery cannot produce less than zero but they can produce less than they have been and this is what a negative marginal product of labor is.

Pizza Express Inc. began the Year 2 accounting period with $2,500 cash, $1,400 of common stock, and $1,100 of retained earnings. Pizza Express was affected by the following accounting events during Year 2:
1. Purchased $3,600 of supplies on account.
2. Earned and collected $12,300 of cash revenue.
3. Paid $2,700 cash on accounts payable.
4. Adjusted the records to reflect the use of supplies. A physical count indicated that $250 of supplies was still on hand on December 31, Year 2.
RequiredShow the effects of the events on the financial statements using a horizontal statements model given below. In the Statement of Cash Flows column, use OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. The beginning balances have been recorded as an example. (Enter any decreases to account balances with a minus sign. Not all cells in the "Statement of Cash Flows" column may require an input - leave cells blank if there is no corresponding input needed.)

Jewelry stores want to provide their customers with the highest quality of diamonds available at the lowest possible prices. Unfortunately, the lowest priced diamonds these days are sold by African rebels who use the profits to engage in genocide. Human rights organization have asked jewelers to buy diamonds that are "conflict free"––that is, from South Africa, Australia, or Canada. LeeBrant is one retail jewelry store that sells only diamonds that are certified to be from these countries. LeeBrant is exhibiting which marketing management orientation?

Which professionals would most likely use heavy equipment and specialized Tools in their line of work

You’ve collected the following information from your favorite financial website.
52-Week Price Stock (Div) Div Yld % PE Ratio Close Price Net Chg
Hi Lo
64.60 47.80 Abbott 1.12 1.9 235.6 62.91 −.05
145.94 70.28 Ralph Lauren 2.50 1.8 70.9 139.71 .62
171.13 139.13 IBM 6.30 4.3 23.8 145.39 .19
91.80 71.96 Duke Energy 3.56 4.9 17.6 74.30 .84
113.19 96.20 Disney 1.68 1.7 15.5 ? .10
According to your research, the growth rate in dividends for Abbott Laboratories for the previous 5 years has been negative 11.5 percent. If investors feel this growth rate will continue, what is the required return for the company's stock? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Net capital spending is equal to:_________.
a. ending net fixed assets minus beginning net fixed assets plus depreciation.
b. ending total assets minus beginning total assets plus depreciation.
c. beginning net fixed assets minus ending net fixed assets plus depreciation.
d. ending net fixed assets minus beginning net fixed assets minus depreciation.
e. ending total assets minus beginning total assets minus depreciation.

Luther owns a bakery. He has been trying to obtain a long-term contact with the owner of Martha’s Tea Salons for some time. Luther starts a local advertising campaign on radio and television and in the newspaper. This advertising campaign is so persuasive that Martha decides to break the contract she has had with Harley’s Bakery so that she can patronize Luther’s bakery. Is Luther liable to Harley’s Baker for the tort of wrongful interference with a contractual relationship? Is Martha liable for this tort? Explain each part fully and completely.

Personal Marketing Plan: SWOT Analysis
In this chapter we discussed the elements and importance of the situation analysis. The next step in developing a full marketing plan for yourself is to conduct a SWOT analysis on yourself. It should tie back to the objectives you developed at the end of Chapter 1. Be sure to think through each element and honestly assess where you are today. This will help you focus on what you need to accomplish over the rest of your college career.
Strengths. Most people have some notion of their strengths—maybe you’re an effective public speaker, pay a great deal of attention to detail, or work well with others, for example. It's likely that you've had those strengths reinforced by those around you over the course of your life.
To effectively complete the strengths part of your personal SWOT analysis, list three to five strengths that you possess that will most affect your ability to achieve the objectives you identified in Chapter 1.

Tony purchased 100 shares of T-Rex stock for $43 a share. On the same day, Sam also purchased 100 shares of T-Rex stock for $43 a share. Tony paid cash for his purchase while Sam used margin. The initial margin requirement on this stock is 60% while the maintenance margin is 40%. Both Tony and Sam sold their shares after eight months at a price of $40 a share. The stock pays no dividends. Tony had a holding period percentage return of ________% as compared to Sam's ________% return. Ignore margin interest and trading costs.

Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month’s budget appear below: Selling price per unit $ 23 Variable expense per unit $ 15 Fixed expense per month $ 7,040 Unit sales per month 1,030 Required: 1. What is the company’s margin of safety? (Do not round intermediate calculations.) 2. What is the company’s margin of safety as a percentage of its sales? (Round your percentage answer to 2 decimal places (i.e. 0.1234 should be entered as 12.34).)

The first paragraph or part of a business letter is in the blank

Perpetual Batteries recently came under criticism when a newspaper article revealed that the company's production plant had leaked a chemical compound into a sensitive wetland ecosystem. Although use of the chemical was not technically prohibited by law, the local government levied a small fine for cleaning up the spill. Environmental groups, however, argued that continued use of the chemical was damaging to the local wildlife and threatened to organize a boycott against Perpetual Batteries. What should Perpetual Batteries do to ensure that it meets its ethical responsibilities?

On June 1, 2014, Nott Corp. loaned Horn $800,000 on a 12% note, payable in five annual installments of $160,000 beginning January 2, 2015. In connection with this loan, Horn was required to deposit $5,000 in a noninterest-bearing escrow account. The amount held in escrow is to be returned to Horn after all principal and interest payments have been made. Interest on the note is payable on the first day of each month beginning July 1, 2014. Horn made timely payments through November 1, 2014. On January 2, 2015, Nott received payment of the first principal installment plus all interest due. At December 31, 2014, Nott's interest receivable on the loan to Horn should be

Pizza Pies Limited has the following value chain for its pizzas. Boxes are designed by Shala Designers Inc. and printed and delivered by Rodoes Printing Co. for $0.95 per box. The pizzas are made in the stores with fresh ingredients and baked in the ovens for a total cost of $3.80, including labor, ingredients, and overhead. The pizza delivery costs $1.35. Pizza Pies needs to reduce the price of its pizza to $6.50 to meet local demand. However, it desires a 10 percent markup for profit. a-1. What is the target cost?

Golden Enterprises started the year with the following: Assets $111,000; Liabilities $39,000; Common Stock $69,000; Retained Earnings $3,000. During the year, the company earned revenue of $5,900, all of which was received in cash, and incurred expenses of $3,450, all of which were unpaid as of the end of the year. In addition, the company paid dividends of $1,900 to owners. Assume no other activities occurred during the year. The amount of Golden's assets at the end of the year is:

What can you do to help choose the best idea?

An arrangement in which local businesses team up with schools hiring students to perform jobs that use Knowledge and Skills taught in their school classes is called a

The records of Bentler Shoppers, Inc. for December 2018 shows the following information:
Sales $2,050,000
Selling and administrative expenses 250,000
Direct materials purchases 205,000
Direct labor 298,000
Factory overhead 350,000
Direct materials, December 1 50,000
Work-in-process, December 1 85,000
Finished goods, December 1 64,000
Direct materials, December 31 41,000
Work-in-process, December 31 72,000
Finished goods, December 31 55,000
The net income for the month of December is:__________.

Mary's last bank statement showed an ending balance of ​$. This​ month, she deposited in her account and withdrew a total of ​$. ​Furthermore, Mary wrote a total of five​ checks, two of which have cleared. The two checks that have cleared total ​$. The three remaining checks total ​$. Mary pays no fees at her bank. What is the balance shown this month on​ Mary's bank​ statement? What is the adjusted bank​ balance?

What is a subsidy wedge? the combined reduction in consumer surplus and producer surplus that results from a subsidy the amount by which a subsidy reduces the price that buyers pay for a good the amount by which a subsidy increases the price firms receive for their good the difference between the amount of a good that is produced before and after a subsidy is imposed the difference between the price that sellers receive and the price that buyers pay, resulting from a subsidy government cheese the difference between the price that sellers receive and the price that buyers pay, resulting from a commodity tax the difference between the quantity supplied and the quantity demanded that results from a subsidy

Obesity is most likely caused by _____.
a. stressing too much
b. sleeping too much
c. exercising too much
d. eating too much

Honda Motor Company is considering offering a rebate on its​ minivan, lowering the​ vehicle's price from to . The marketing group estimates that this rebate will increase sales over the next year from to vehicles. Suppose​ Honda's profit margin with the rebate is per vehicle. If the change in sales is the only consequence of this​ decision, what are its costs and​ benefits? Is it a good​ idea?​ Hint: View this question in terms of incremental profits.

Which organizational theory focuses on interactions and relationships between employees?

Modern
Neoclassical
Administrative
Scientific

Inspection costs at one of Ratulowski Corporation's factories are listed below: Units Produced Inspection Costs April 922 $ 17,912 May 983 $ 18,300 June 928 $ 17,965 July 912 $ 17,810 August 934 $ 17,994 September 919 $ 17,880 October 936 $ 18,032 November 876 $ 17,290 December 915 $ 17,838 Management believes that inspection cost is a mixed cost that depends on units produced. Using the high-low method, the estimate of the fixed component of inspection cost per month is closest to: (Round your intermediate calculations to 2 decimal places.)

Suppose the United States has two​ utilities, Commonweath Utilities and Consolidated Electric. Both produce 20 million tons of sulfur dioxide pollution per year.​ However, the marginal cost of reducing a ton of pollution for Consolidated Electric is ​$250 per ton and the marginal cost of reducing a ton of pollution for Commonwealth Utilities is ​$275 per ton. The​ government's goal is to cut sulfur dioxide pollution in half​ (by 20 million tons per​ year). If the government issues 10 million tradable pollution permits to each​ utility, what will be the cost of eliminating half of the pollution to​ society? Using a cap-and-tradeLOADING... system of tradable emission allowances will eliminate half of the sulfur dioxide pollution at a cost of ​$nothing million per year.

tarbucks entered a partnership with Keurig Green Mountain to sell K-Cup single-serving coffee packs. Because Starbucks __________, it was prepared for this shift in its marketing environment added more in-store displays optimized its distribution by adding local outlets in grocery stores tracked, as part of its ongoing environmental scanning activities, the percentage of households with single cup brewers shifted funds from product development to advertising noticed the change in the demographics of coffee and tea drinkers in general

Cranford Company completed and transferred out 3,400 units in May 2020. There were 250 units in the Work-in-Process Inventory on May 31, 2020, 40% complete as to conversion costs and 100% complete as to materials. The month's charges for conversion costs and material costs were $17,850 and $13,140, respectively. There was no beginning inventory on May 1, 2020. What is the cost of the work transferred-out during May, assuming that Cranford uses weighted-average process costing

The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2017, the first month of operation. Production: 7,000 units finished and transferred out; 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs. Manufacturing costs: Materials $33,000; labor $21,000; overhead $36,000.
Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25.)

The following information applies to Caroline, who is single, for 2017:
Salary $44,000
Alimony received 9,600
Child support received 4,800
Cash inheritance from her mother's estate 15,000
Jury duty fees 75
Penalty for early withdrawal from savings (630)
Life insurance proceeds received as a result of the death of her mother 50,000
Contributions to Health Savings Account (3,600)
Number of potential dependents ?
Age 38
Caroline's mother lived with her for 10 months (until her death). Her mother's income consisted of $12,000 in Social Security benefits.
The personal exemption amount for 2017 is $4,050. Click here to access the standard deduction table to use.
Indicate whether the following items are taxable or nontaxable to Caroline.
1. Child support received
2. Life insurance proceeds received as a result of the death of her mother
3. Alimony received
4. Salary
5. Jury duty fees
Identify which items Caroline can deduct (fully or partially).
6. Penalty for early withdrawal from savings
7. Contributions to Health Savings Account
8. Caroline's taxable income in 2017 is $.

figure your taxable income, subtract the sum of lines 8 and 9 from line 7, and then enter that number here


Please help !!

Keisha Tombert, the bookkeeper for Washington Consulting, a political consulting firm, has recently completed a managerial accounting course at her local college. One of the topics covered in the course was the cost of goods manufactured schedule. Keisha wondered if such a schedule could be prepared for her firm. She realized that, as a service-oriented company, it would have no work in process inventory to consider.
Listed below are the costs her firm incurred for the month ended August 31, 2017.
Supplies used on consulting contracts $2,760
Supplies used in the administrative offices 2,270
Depreciation on equipment used for contract work 920
Depreciation used on administrative office equipment 1,810
Salaries of professionals working on contracts 16,100
Salaries of administrative office personnel 8,640
Janitorial services for professional offices 800
Janitorial services for administrative offices 590
Insurance on contract operations 830
Insurance on administrative operations 950
Utilities for contract operations 1,950
Utilities for administrative offices 2,310
Prepare a schedule of cost of contract services performed (similar to a cost of goods manufactured schedule) for the month.