Is your boss right? A. Yes, you can tell by the way the income shares for each factor move in opposite directions over time. B. No, if it were a Cobb-Douglas production function, the income shares would be constant over time. C. The production function cannot be determined without knowing how real GDP changed over time. D. No, if it were a Cobb-Douglas production function, the income shares would change in the same direction over time.
Answers
Answer: B. No, if it were a Cobb-Douglas production function, the income shares would be constant over time.
Explanation:
The Cobb-Douglas production function is usually used to show the relationship between capital and labor( can be used for other variables) and how much output they can produce at varying levels.
The thing about the Cobb-Douglas function however, is that it assumes a constant rate of income shares overtime. This country's income on the other hand, sees its income shares fluctuating overtime so the Cobb-Douglas function is not a good representation for them.
Related Questions
A 3/1 ARM is made for $150,000 at 7 percent with a 30-year maturity. a. Assuming that fixed payments are to be made monthly for three years and that the loan is fully amortizing, what will be the monthly payments? What will be the loan balance after three years? b. What would new payments be beginning in year 4 if the interest rate fell to 6 percent and the loan continued to be fully amortizing? c. In (a) what would monthly payments be during year 1 if they were interest only? What would payments be beginning in year 4 if interest rates fell to 6 percent and the loan became fully amortizing?
Answers
Answer:
a. Assuming that fixed payments are to be made monthly for three years and that the loan is fully amortizing, what will be the monthly payments? What will be the loan balance after three years?
monthly payment = $997.95principal balance after 36th payment = $145,090.59b. What would new payments be beginning in year 4 if the interest rate fell to 6 percent and the loan continued to be fully amortizing?
monthly payment = $905.34c. In (a) what would monthly payments be during year 1 if they were interest only? What would payments be beginning in year 4 if interest rates fell to 6 percent and the loan became fully amortizing?
a. $875
b. $935.98
Explanation:
A 3/1 adjustable rate mortgage is a 30 year mortgage where the interest rate is fixed for the first 3 years, and then it can vary.
I prepared an amortization schedule that shows the first 3 payments with a 7% interest rate and then the rest of the payments will carry a 6% interest rate.
The monthly payment for the first 36 months is $997.95 (principal balance after 36th payment $145,090.59), then it decreases to $905.34 per month.
See amortization schedule 1
if the monthly payments only covered interest expenses during the first 3 years, they would be $150,000 x 7%/12 = $875
then the monthly payments would be $935.98.
See amortization schedule 2
Does a higher GDP imply high welfare. Why?
Answers
Answer:
All economic value is subjective—free-market prices are determined by how much better off individuals believe a good or service can make them. ... So, in some sense, higher GDP should equate to greater human progress, because it means more valuable goods and services have been created.
You are leading your organization's effort to purchase and install new accounting software. The project will cost an estimated $3 million, and over the past few months, you have had meetings with several potential vendors to evaluate their offerings and capabilities. It is early March, and the National Collegiate Athletic Association (NCAA) basketball tournament is underway. You receive a phone call from one of the sales reps you met with recently. He has two tickets to the second-round games next weekend and wants to give them to you. Can you accept this offer without raising any concerns
Answers
Answer:
No
Explanation:
This is the case because we are told the individual already had meetings with several potential vendors to evaluate their offerings and capabilities. However, one of the sales reps he met with recently is arranging for what appears to be an informal meeting (to watch a basketball tournament). By accepting this offer it may raise the concern of getting a special favor or even a bribe.
Boyd Docker has just rented space in a strip mall. In this space, he will open a photography studio, to be called SnapShot! A friend has advised Boyd to set up a double-entry set of accounting records in which to record all of his business transactions.
Indicate whether the normal balance of each account is a debit or credit. Balance Cash select between debit and credit Supplies select between debit and credit Notes Payable select between debit and credit Equipment select between debit and credit Accounts Payable select between debit and credit Common Stock select between debit and credit
Answers
Answer and Explanation:
The normal balance of each account is a debit or credit is shown below:-
Accounts Normal balance Reason
Cash Debit Being an asset
Supplies Debit Being an asset
Note payable Credit Being a liability
equipment Debit Being an asset
accounts payable Credit Being a liability
common stock Credit Being an equity account
Therefore as per the balance sheet cash, supplies and equipment are the normal debit balance of assets while notes payable, accounts payable and common stock are the normal credit balance of liabilities on the balance sheet.
Senff Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products: Activity Cost Pools Activity Rate Setting up batches $ 93.00 per batch Processing customer orders $ 82.83 per customer order Assembling products $ 17.26 per assembly hour Data concerning two products appear below: Product V91Z Product V21I Number of batches 69 12 Number of customer orders 20 9 Number of assembly hours 492 697 How much overhead cost would be assigned to Product V91Z using the activity-based costing system? (Round your intermediate calculations to 2 decimal places.)
Answers
Answer:
Total allocated overhead= $16,742.64
Explanation:
Giving the following information:
Activity Cost Pools Activity Rate
Setting up batches $ 93.00 per batch
Processing customer orders $ 82.83 per customer order
Assembling products $ 17.26 per assembly hour
Product V91Z
Number of batches 69
Number of customer orders 20
Number of assembly hours 492
To calculate the allocated overhead, we need to use the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Setting up= 93*69= 6,417
Processing= 82.83*20= 1,656.6
Assembling= 17.26*492= 8,669.04
Total allocated overhead= $16,742.64
Bethany is looking for a Mother’s Day gift for her mom and wants to purchase some type of perfume or cologne. She knows that her mom currently wears a perfume made by Christian Dior called J’adore. When she arrives at the perfume counter, she notices that Christian Dior has several new scents available and a variety of gift boxes that also include powder and body lotion. Bethany is trying to decide what to purchase—whether to try a new fragrance or not. Bethany is willing to spend time trying the different scents, but since the gift boxes only cost $75, there’s little risk involved. What type of consumer decision will this purchase most likely be for Bethany?
Answers
Answer: A) limited decision making
Explanation:
When a customer is experiencing limited decision making, they are looking to make a choice that requires that they spend a decent amount of time doing some sort of research in order to make a decision.
The research time will not be quite extensive that it would require in-depth research, but it should be more than basic time spent on normal purchase decisions.
Bethany is willing to spend time to try the different scents so this is a limited decision making consumer decision.
benefits for hiring more workers in shops than others
Answers
Answer: Improve employee morale and mental health. Bring new ideas to your company. Increase the skill set of your workforce.
hope this helps
plz mark brainleist
Interest rate. In 1972, Bob purchased a new Datsun 240Z for $3,000. Datsun later changed its name to Nissan, and the 1972 Datsun 240Z became a classic. Bob kept his car in excellent condition and in 2002 could sell the car for seven times what he originally paid. What was Bob's annualized rate of return for the 30 years he owned this car? If he keeps the car for another thirty years and earns the same rate, what could he sell the car for in 2032? What was Bob's annualized rate of return for the 30 years he owned this car?
Answers
Answer:
The answer is "75,000"
Explanation:
Initial Price = 3000
Sales price=15000
Time= 30 years
[tex]\to 15000= 3000 \times (1+r)^{30} \\\\\to \frac{15000}{3000 }= (1+r)^{30}\\\\\to 5= (1+r)^{30}\\\\\to 5^{\frac{1}{30}}= (1+r)^{30 \times \frac{1}{30}}\\\\\to 5^{\frac{1}{30}}= (1+r)^{1}\\\\\to 5^{0.0333333333}= (1+r)^{1}\\\\\to 1.05511306= (1+r)\\\\\to 1.05511306-1=r\\\\\to r= .05511306\\\\\to r \% = 05511306 \times 100\\\\\to r \% = 5.511306\\\\\to \text{The next 30 years' estimated price :}\\\\[/tex]
[tex]\to 15000 \times (1+ 5.511306 \%)^{30}\\\\\to 15000 \times (1+ \frac{5.511306}{100})^{30}\\\\ \to 15000 \times (1+ 0.05511306)^{30}\\\\ \to 15000 \times (1.05511306)^{30}\\\\ \to 15000 \times 4.9999995\\\\ \to 74,999.9925\\\\\to \bold{75,000}[/tex]
Pincus Associates uses the allowance method to account for bad debts. During 2021, its first year of operations, Pincus provided a total of $250,000 of services on account. In 2021, the company wrote off uncollectible accounts of $10,000. By the end of 2021, cash collections on accounts receivable totaled $210,000. Pincus estimates that 20% of the accounts receivable balance at 12/31/2021 will prove uncollectible.Required:1. What journal entry did Pincus record to write off uncollectible accounts during 2021?2. What journal entry should Pincus record to recognize bad debt expense for 2021?
Answers
Answer:
Ending Accounts Receivable = Services on Account - Amount Written Off - Collection of accounts receivables
= $250,000 - $10,000 - $210,000
= $30,000
Required Balance in Allowance for Un-collectible accounts at Year end = Accounts Receivable at 12/31/2021 * 20%
= $30,000 * 20%
= $6,000
Bad debt Expense = Required Balance in Allowance account + Amount written off
= $6,000 + $10,000
= $16,000
Journal Entries
Event General Journal Debit Credit
1 Allowance for doubtful accounts $10,000
To Accounts Receivable $10,000
2 Bad debt Expense $16,000
To Allowance for doubtful accounts $16,000
On January 1, 2019, Company A acquired 100% of the voting common stock of Company B from Company B’s shareholders. Prior to the transaction, Company A had 11,440 shares of voting common stock outstanding and Company B had 5,000 shares of voting common stock outstanding. Which of the following terms or conditions of the transaction is an indicator that Company B is the acquiring entity for accounting purposes? a. The full slate of the Board of Directors is elected every two years. Company A Directors (from before the transaction) occupy 8 of the 12 seats on Company A’s Board after the acquisition. Company B Directors (from before the transaction) occupy 4 of the 12 seats on Company A’s Board after the acquisition.b. Company A issued 14,560 new shares of Company A common stock to execute the transaction.c. Company A changed its name to "Company B."d. Immediately after the transaction, Company B’s Chief Operating Officer became Company A’s Chief Operating Officer. All other executive positions were held by Company A executives
Answers
Answer: b. Company A issued 14,560 new shares of Company A common stock to execute the transaction.
Explanation:
The terms or conditions of the transaction which is an indicator that Company B is the acquiring entity for accounting purposes is that Company A issued 14,560 new shares of Company A common stock to execute the transaction.
The above scenario was chosen because when 14,560 shares are being held, the former shareholders that were in company B will own:
= 14,560/(11,440 + 14,560)
= 14560/26000
= 56% of common stock.
Because 56% of common stock is being own by them means that the company is being controlled by them as they own majority and therefore the board will be elected by them for the next two years.
the incremental manuBellucci Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.90 Direct labor $ 3.90 Variable manufacturing overhead $ 1.40 Fixed manufacturing overhead $ 102,850 Sales commissions $ 1.00 Variable administrative expense $ 0.70 Fixed selling and administrative expense $ 37,400 The incremental manufacturing cost that the company will incur if it increases production from 8,500 to 8,501 units is closest to (assume that the increase is within the relevant range):facturing cost that the company will incur
Answers
Answer: $12.20
Explanation:
Total Manufacturing cost at 8,500 units;
= Direct materials + Direct labor + Variable Manufacturing Overhead + Fixed manufacturing overhead
= (6.9 * 8,500) + ( 3.9 * 8,500) + ( 1.4 * 8,500) + 102,850
= $206,550
Total Manufacturing cost at 8,501 units;
= (6.9 * 8,501) + ( 3.9 * 8,501) + ( 1.4 * 8,501) + 102,850
= $206,562.20
Incremental cost = 206,562.2 - 206,550
= $12.20
Do you agree with the flowing statements? Businesses should do anything they can to make a profit. Use specific reasons and examples to support your position.
Answers
Answer:
Yes , I do agree with the statement "businesses should do anything they can to make a profit" I agree with this because in order to make money The business has to make profit. if they don't it could lead up to them losing the business from bankruptcy.
You are the IT director at Attaway Airlines, a small regional air carrier. You chair the company's systems review committee, and you currently are dealing with strong disagreements about two key projects. The marketing manager says it is vital to have a new computerized reservation system that can provide better customer service and reduce operational costs. The vice president of finance is equally adamant that a new accounting system is needed immediately because it will be very expensive to adjust the current system to new federal reporting requirements. The VP outranks the marketing manager, and the VP is your boss. The next meeting, which promises to be a real showdown, is set for 9:00 am tomorrow. How will you prepare for the meeting
Answers
Explanation:
Been the IT director at Attaway Airlines, it will be important to prepare a draft of the advantages and the level of difficulties the new computerized reservation system from an IT perspective.
However, the ultimate goal is not to simply win arguments, but to explain and consider the facts from both the Vice president of finance and the Marketing Manager.
Lionel is an unmarried law student at State University Law School, a qualified educational institution. This year Lionel borrowed $27,500 from County Bank and paid interest of $1,650. Lionel used the loan proceeds to pay his law school tuition. Calculate the amounts Lionel can deduct for higher education expenses and interest on higher-education loans under the following circumstances: (Leave no answer blank. Enter zero if applicable.) a. Lionel's AGI before deducting interest on higher-education loans is $50,000..
Answers
Answer:
Since 2019, the deduction limit for interest expense deductions on qualified higher education loans is $2,500. In order to qualify for this deduction, the taxpayer's adjusted AGI must be less than $85,000 for single filers (Lionel's income is below the threshold).
So Lionel will be able to deduct $1,650 as interest expense (above the line deduction).
Lionel can also deduct $2,500 form the American Opportunity Tax Credit for higher education expenses.
Imagine the market for leather made basketballs. Please illustrate and specify the change in equilibrium price and quantity. (make sure you graph properly)
a .A popular playercomes to town that encourages kids to play more basketball
b. The price of footballs increases
c.Technological change occurs in the production of basketballs
d. The price of leather increases
e. Income decreases and at the same time the price of leather increases
f. The price of footballs increases and at the same time the number of basketball sellers increases
g. Basketball becomes more popular and at the same time a technological change in the production of basketballs occurs
Answers
Answer:
Please check the attached images for the graphs
Explanation:
a. If a popular player encourages kids to play more basketball, the demand for leather basketballs would increase. This would shift the demand curve for leather basketballs to the right. Equilibrium price and quantity would increase
b. It can be assumed that footballs are a substitute for basketballs. If the price of footballs increases, the demand for basketballs would increases. this would shift the demand curve for leather made basketballs to the right. Equilibrium price and quantity would increase
A technological change would increase the supply of basketballs. The supply curve would shift to the right. Equilibrium price would fall and equilibrium quantity would rise
d. an increase in the price of leather would increase the cost of production. This would make make producing leather basketballs more expensive. As a result, the supply of basketballs would fall. This would increase equilibrium price and equilibrium quantity would fall.
e. decrease in income would reduce the demand for basketballs. This would shift the demand curve to the left. Equilibrium price and quantity would fall. an increase in the price of leather would increase the cost of production. This would increase equilibrium price and equilibrium quantity would fall. Taking these two effects together, there would be an indeterminate effect on equilibrium price and equilibrium quantity would fall.
f. If the price of footballs increases, the demand for basketballs would increases, this would shift the demand curve for leather made basketballs to the right. Equilibrium price and quantity would increase. If the number of sellers increases, the supply of basketballs increases. This would lead to an increase in equilibrium quantity and a fall in equilibrium price. Taking this two effects together, there would be an indeterminate effect on equilibrium quantity and equilibrium price would fall
g, If basketball becomes more popular, the demand for basketball would increase. Equilibrium price and quantity would increase. A technological change would increase the supply of basketballs. This would increase its supply. The supply curve would shift to the right. Equilibrium price would fall and equilibrium quantity would rise. Taking these two effects together there would be an indeterminate effect on equilibrium price and equilibrium quantity would increase
River Enterprises has $505 million in debt and 22 million shares of equity outstanding. Its excess cash reserves are $14 million. They are expected to generate $190 million in free cash flows next year with a growth rate of 2% per year in perpetuity. River Enterprises' cost of equity capital is 13%. After analyzing the company, you believe that the growth rate should be 3% instead of 2%. How much higher (in dollars) would the price per share be if you are right
Answers
Answer:
$7.85
Explanation:
the firm's total value = $190,000,000 / (13% - 2%) = $1,727,272,727
equity = $1,727,272,727 - $505,000,000 (debt) = $1,222,272,727
price per stock = $1,222,272,727 / 22,000,000 = $55.56 per stock
if you are right and the firm's growth rate is 3%, then:
the firm's total value = $190,000,000 / (13% - 3%) = $1,900,000,000
equity = $1,900,000,000 - $505,000,000 (debt) = $1,395,000,000
price per stock = $1,395,000,000 / 22,000,000 = $63.41 per stock
the difference = $63.41 - $55.56 = $7.85 or 14.13%
Belsky Corporation has provided the following data from its activity-based costing system: Activity Cost Pools Estimated Overhead Cost Expected Activity Assembly $ 974,440 68,000 machine-hours Processing orders $ 95,300 2,000 orders Inspection $ 133,000 1,900 inspection-hours The company makes 450 units of product Q19S a year, requiring a total of 710 machine-hours, 42 orders, and 12 inspection-hours per year. The product's direct materials cost is $35.79 per unit and its direct labor cost is $29.53 per unit. According to the activity-based costing system, the unit product cost of product Q19S is closest to: (Round your intermediate calculations to 2 decimal places.)
Answers
Answer:
Unitary cost= $94.24
Explanation:
First, we need to calculate the predetermined overhead rate for each department:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Assembly= 974,440/68,000= $14.33 per machine-hour
Processing= 95,300/2,000= $47.65 per order
Inspection= 133,000/1,900= $70 per inspection
Now, we can allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Assembly= 14.33*710= $10,174.3
Processing= 47.65*42= $2,001.3
Inspection= 70*12= $840
Total overhead= $13,015.6
Unitary overhead= 13,015.6/450= $28.92
Finally, the unitary cost:
Unitary cost= 35.79 + 29.53 + 28.92
Unitary cost= $94.24
The formula below tells us how to obtain the maturity value on a simple discount loan if we are given the proceeds, the discount rate, and the term. LaTeX: M = \frac{P}{1-d_RT}M = P 1 − d R T If a loan's annual simple discount rate is 2.14%, how many years would it take for the debt to double? (This is called the doubling time of a loan). Round your answer to the nearest tenth of a year. Hint: divide both sides of the equation by P. If M is twice as much as P, what should the fraction on the left-hand side equal?
Answers
Answer: it will take 23.4 YEARS for the debt to double.
Explanation:
Given that;
formula for maturity value on simple discount loan M = P / ( 1 - dRT )
loan's annual simple discount rate = 2.14%
our dR given as 2.14% = 2.14/100 = 0.0214
from the question, if the debt double i means M = 2P
so
2P = P / ( 1 - dRT )
we substitute
2P = P / 1 - (0.0214)T
T = 1 / 2*0.0214
T = 1 / 0.0428
T = 23.3644 = 23.4 YEARS
therefore it will take 23.4 YEARS for the debt to double.
Amul Food Factory in India makes ice cream and produces processed and condensed milk. In the factory, the firm's employees use raw milk and sugar. The firm runs on electricity and purchases raw milk every day. Large robotic assembly lines fill and package the ice cream containers. Large industrial freezers store the ice cream. Based on this scenario, can you identify the fixed costs for Amul Food Factory?
a) the cost of raw milk purchased from the farmersb) the cost of building the factory, purchasing the robotic assembly lines and industrial freezersc) the cost of the employees hired and the number of packages purchasedd) the cost of purchasing electricity, raw milk, and sugar
Answers
Answer:
Option B
Explanation:
In simple words, Fixed cost refers to an expenditure which does not adjust due to a rise or reduction in the volume of products or services generated or distributed. Fixed costs include bills that tend to be incurred by a corporation, irrespective of any particular market operation.
Fixed expenditures may be overt or indirect expenditures that may also have an bearing on revenue at various points throughout the financial statements. Thus, from the above we can conclude that the correct option is B.
What are three sources that offer specialized information on records management?
Answers
Answer: i think one of them are right
Establish a records management component in institutional information resource ... Provide for adequate data collection and information access and retrieval; ... and to request justification for the purchase of highly specialized filing systems.
Explanation:
The glossary includes most important archival terms with specialized meanings. ... or purchase, historical materials from sources outside the archival institution. ... DOCUMENT: Recorded information regardless of form or medium with three basic ... To establish retention periods for current records and provide for their proper ...
The three sources that offer specialized information on records management are accounting records, legal records, and personal records.
What is records management?Records management, also known as records and information management, is an organizational function devoted to the management of information in an organization throughout its life cycle, from the time of creation or receipt to its eventual disposition.
This includes identifying, classifying, storing, securing, retrieving, tracking and destroying or permanently preserving records. The ISO standard defines records management as field of management responsible for the efficient and systematic control of the creation, receipt, maintenance, use and disposition of records, including the processes for capturing and maintaining evidence of and information about business activities and transactions in the form of records. An organization's records preserve aspects of institutional memory. In determining how long to retain records, their capacity for re-use is important.
Many are kept as evidence of activities, transactions, and decisions. Others document what happened and why.
Learn more about management, here:
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The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Sales $12,000 Current assets $25,876 Debt $25,502 Costs 7,200 Fixed assets 18,106 Equity 18,480 Taxable income $4,800 Total $43,982 Total $43,982 Taxes (34%) 1,632 Net income $3,168 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. No external equity financing is possible. Required: What is the sustainable growth rate
Answers
Answer:
11.46%
Explanation:
The computation of the sustainable growth rate is shown below:-
Return on equity = $3,168 ÷ $18,480
= 17.14%
Retention ratio = 60%
Sustanble growth rate = Return on equity × Retention ratio ÷ (1 - Return on equity × Retention ratio)
= 17.14 × 0.60 ÷ (1 - 17.14% × 0.60)
= 11.46283829 %
or
= 11.46%
So, for computing the sustainable growth rate we simply applied the above formula.
Charleston Corporation (CC) now operates as a "regular" corporation, but it is considering a switch to S Corporation status. CC is owned by 100 stockholders who each hold 1% of the stock, and each faces a personal tax rate of 35%. The firm earns $3,700,000 per year before taxes, and since it has no need for retained earnings, it pays out all of its earnings as dividends. Assume that the corporate tax rate is 34% and the personal tax rate is 35%. How much more (or less) spendable income would each stockholder have if the firm elected S Corporation status? Group of answer choices $7,605 $6,787 $10,139 $8,749 $8,177
Answers
Answer:
-2923
Explanation:
To calculate how much more (or less) spendable income would each stockholder has if the firm elected S Corporation status we need to calculate Profit attributable to each stockholder according to their holding percentage and will deduct the corporation tax on that.
DATA
No of stockholders = 100
Holding % = 1% each stock holder
Tax rate = 35%
Profit before tax = $3,700,000
Corporate tax = 34%
Profit before tax = 1% of 3,700,000 = 37,000
Tax (34%) = 34% of 37,000 = 12580
Profit after tax = 37,000 - 12,580 = 24,420
Now personal tax of 35% = 8547
Therefore tax = 24,420 - 8547 = 15,873
If only personal tax is levied tax would be = 35% * 37,000 = 12,950
therefore each stockholder will have 12,950 - 15,873 = -2923
Tyler Apiaries sells bees and beekeeping supplies. Bees (including a queen) are shipped in special packages according to weight. Suppose Tyler changes its processes so that the average package weight is now kg, with a new standard deviation of kg. Tyler markets the packages of bees as weighing kg, and the lower and upper tolerance limits are kg and kg, respectively. Calculate the process capability index for the weight of the bee packages. Is Tyler able to meet the tolerance limits? The process capability index for the weight of the bee packages is nothing. (Enter your response rounded to three decimal places.)
Answers
Answer: 0.33
Explanation:
Process capability index (CPK) will be the minimum value between the following;
= [(Mean - Lower specification) / (3 * standard deviation)] and [ (Upper specification - Mean) / (3 * standard deviation)]
Lower specification = 1.1
Upper specification = 1.7
Mean = 1.5
Standard deviation = 0.2
= [(Mean - Lower specification) / 3 * standard deviation]
= [(1.5 - 1.1) / (3 * 0.2)]
= 0.67
= [ (1.7 - 1.5) / (3 *0.2)]
= 0.33
CPK = 0.33
A CPK of less than 1 means that Tyler will not be able to meet the tolerance limits as the process does not meet specifications.
This year, Druehl, Inc., will produce 57,600 hot water heaters at its plant in Delaware, in order to meet expected global demand. To accomplish this, each laborer at the plant will work 200 hours per month. If the labor productivity at the plant is 0.15 hot water heaters per labor hour, how many laborers are employed at the plant? Number of laborers employed by the plant = nothing laborers (round your answer to the nearest whole number).
Answers
Answer:
The number of labor employed by the plant is 160
Explanation:
The computation of the labor employed at the plant is shown below:
= Yearly production ÷ (labor hours per month × productivity × month per year)
= 57,600 ÷ (200 hours × 0.15 × 12)
= 57,600 ÷ 360
= 160
Hence, the number of labor employed by the plant is 160 and the same is to be considered
We simply applied the above formula
On September 30, 2021, the San Fillipo Corporation issued 8% stated rate bonds with a face amount of $300 million. The bonds mature on September 30, 2041 (20 years). The market rate of interest for similar bonds was 10%. Interest is paid semiannually on March 31 and September 30.Required:Determine the price of the bonds on September 30, 2021.
Answers
Answer:
Bond Price = $248.5227409 million rounded off to $248.523 million
Explanation:
To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is a semi annual bond, the coupon payment, number of periods and semi annual YTM will be,
Coupon Payment (C) = 300 * 0.08 * 6/12 = 12 million
Total periods (n) = 20 * 2 = 40
r or YTM = 0.10 * 6/12 = 0.05 or 5%
The formula to calculate the price of the bonds today is attached.
Bond Price = 12 * [( 1 - (1+0.05)^-40) / 0.05] + 300 / (1+0.05)^40
Bond Price = $248.5227409 million rounded off to $248.523 million
Lanni Products is a start-up computer software development firm. It currently owns computer equipment worth $30,000 and has cash on hand of $20,000 contributed by Lanni?s owners. For each of the following transactions, identify the real and/or financial assets that trade hands. Are any financial assets created or destroyed in the transaction?a. Lanni takes out a bank loan. It receives $50,000 in cash and signs a note promising to pay back the loan over three years.b. Lanni uses the cash from the bank plus $20,000 of its own funds to finance the development of new financial planning software.c. Lanni sells the software product to Microsoft, which will market it to the public under the Microsoft name. Lanni accepts payment in the form of 2,500 shares of Microsoft stock.d. Lanni sells the shares of stock for $50 per share and uses part of the proceeds to pay off the bank loan.Required:a. Prepare its balance sheet just after it gets the bank loan. What is the ratio of real assets to total assets?b. Prepare the balance sheet after Lanni spends the $70,000 to develop its software product. What is the ratio of real assets to total assets?c. Prepare the balance sheet after Lanni accepts the payment of shares from Microsoft. What is the ratio of real assets to total assets?
Answers
Answer:
a. Lanni takes out a bank loan. It receives $50,000 in cash and signs a note promising to pay back the loan over three years.
FINANCIAL ASSET CREATED: when the loan was received, a financial asset was created. Money is exchanged for a promissory note.b. Lanni uses the cash from the bank plus $20,000 of its own funds to finance the development of new financial planning software.
REAL ASSET CREATED: when the software was developed, a real asset was created. Money was invested in developing the software.c. Lanni sells the software product to Microsoft, which will market it to the public under the Microsoft name. Lanni accepts payment in the form of 2,500 shares of Microsoft stock.
FINANCIAL ASSET CREATED: when the software was traded, a financial asset was created. A real asset was traded in exchange for financial assets.d. Lanni sells the shares of stock for $50 per share and uses part of the proceeds to pay off the bank loan.
FINANCIAL ASSET DESTROYED: when the loan is paid back, the financial asset (loan) ceases to exist. When the money is paid back to the bank, the loan and the promissory note cease to exist.a-1. Prepare its balance sheet just after it gets the bank loan.
Lanni Products
Balance Sheet
After it got the bank loan
Assets:
Cash $70,000
Computer equipment $30,000
Total assets $100,000
Liabilities:
Notes payable $50,000
Total liabilities $50,000
Shareholders's equity :
Paid in capital $50,000
Total shareholders's equity $50,000
Total liabilities and shareholders' equity $100,000
a-2. What is the ratio of real assets to total assets?
ratio of real assets to total assets = computer equipment / total assets = $30,000 / $100,000 = 30%
b-1. Prepare the balance sheet after Lanni spends the $70,000 to develop its software product.
Lanni Products
Balance Sheet
After it developed the software product
Assets:
Software $70,000
Computer equipment $30,000
Total assets $100,000
Liabilities:
Notes payable $50,000
Total liabilities $50,000
Shareholders's equity :
Paid in capital $50,000
Total shareholders's equity $50,000
Total liabilities and shareholders' equity $100,000
b-2. What is the ratio of real assets to total assets?
ratio of real assets to total assets = (software + computer equipment) / total assets = $100,000 / $100,000 = 100%
c-1. Prepare the balance sheet after Lanni accepts the payment of shares from Microsoft.
Lanni Products
Balance Sheet
After it sold the software product to Microsoft
Assets:
Shares of Microsoft $125,000
Computer equipment $30,000
Total assets $155,000
Liabilities:
Notes payable $50,000
Total liabilities $50,000
Shareholders's equity
Paid in capital $50,000
Retained earnings $55,000
Total shareholders's equity $105,000
Total liabilities and shareholders' equity $155,000
c-2. What is the ratio of real assets to total assets?
ratio of real assets to total assets = computer equipment / total assets = $30,000 / $155,000 = 19.35%
a. When the Lanni takes out a bank loan. It receives $50,000 in cash and also signs a note promising to pay back the loan over three years.
Then the FINANCIAL ASSET CREATED: when the loan was received, a financial asset was created. that is Money is exchanged for a promissory note.
b. Although when the Lanni uses the cash from the bank plus $20,000 of its funds to finance the development of new financial planning software.
When the REAL ASSET CREATED: so that when the software was developed, a real asset was created. although that is Money was invested in developing the software.
c. Then Lanni sells the software product to Microsoft, which will market it to the public under the Microsoft name. Then Lanni accepts payment in the form of 2,500 shares of Microsoft stock.
Then the FINANCIAL ASSET CREATED: when the software was traded, a financial asset was created. so that A real asset was traded in exchange for financial assets.
d. After that the Lanni sells the shares of stock for $50 per share and also that the uses part of the proceeds to pay off the bank loan.
Thus that FINANCIAL ASSET DESTROYED: when the loan is paid back, the financial asset (loan) ceases to exist. so that When the money is paid back to the bank, the loan and also that the promissory note ceases to exist.
a-1. so that when we Prepare its balance sheet just after it gets the bank loan.
Lanni Products Balance Sheet After it got the bank loan Assets: Cash $70,000 Computer equipment $30,000 Total assets $100,000 The the Liabilities is: Notes payable $50,000 The Total liabilities is $50,000 Then the Shareholders' equity: Paid-in capital $50,000 To the Total share-holders' s equity $50,000 When the Total liabilities and shareholders' equity $100,000 So that is a-2. when the ratio of real assets to total assets that is Then the ratio of real assets to total assets = computer equipment / total assets = $30,000 / $100,000 = 30% After that the b-1. when we Prepare the balance sheet after Lanni spends $70,000 to develop its software product. Lanni Products Balance Sheet After it developed the software product Assets: Software $70,000 Computer equipment $30,000 Total assets $100,000 Liabilities: Notes payable $50,000 Total liabilities $50,000 Share-holders' s equity : Paid in capital $50,000 Then the Total share-holders' s equity $50,000 Total liabilities and shareholders' equity $100,000 b-2. the ratio of real assets to total assets that is ratio of real assets to total assets = (software + computer equipment) / total assets = $100,000 / $100,000 = 100% c-1. when we Prepare the balance sheet after Lanni accepts the payment of shares from Microsoft. Lanni Products Balance Sheet After it sold the software product to Microsoft Assets: Shares of Microsoft $125,000 Computer equipment $30,000 Total assets $155,000 Liabilities: Notes payable $50,000 Total liabilities $50,000 Share-holders' s equity Paid in capital $50,000 Retained earnings $55,000 Total shareholders' s equity $105,000 Total liabilities and shareholders' equity $155,000 c-2. the ratio of real assets to total assets When the ratio of real assets to total assets = computer equipment / total assets = $30,000 / $155,000 = 19.35%Learn more:
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For every decision you make there is a trade off
Answers
Answer:
True
Explanation:
I took the test on edge
Mr. and Mrs. Garcia have a total of $100,000 to be invested in stocks, bonds, and a money market account. The stocks have a rate of return of 12%/year, while the bonds and the money market account pay 8%/year and 4%/year, respectively. The Garcias have stipulated that the amount invested in stocks should be equal to the sum of the amount invested in bonds and 3 times the amount invested in the money market account. How should the Garcias allocate their resources if they require an annual income of $10,000 from their investments
Answers
Answer:
Explanation:
Let y amount be invested in bonds
Let x amount be invested in money account
Let x amount be invested in stocks
x = y + 3x
10,000 = 12/100(y+3x) + 8/100*y + 4/100*x
10,000 = 12(y+3x) + 8y + 4x / 100
10,000 * 100 = 12y+36x + 8y + 4x
2500 * 100 = 3y + 9x + 2y + x
250,000 = 5y + 10x
50,000 = y + 2x.......................(1)
x + y + z = $100,000
y + 3x + y + x = $100,000
2y + 4x = 100,000
y + 2x = 50,000.......................(ii)
y = 50,000 - 2x
x = 50,000 + x
z = z
2 Options are
{(x,y,x), (x2,y2,z2)}
= (50000, 50000) (60000, 30000, 10000)
Ronald, who consumes only hamburgers and hot dogs, has a weekly income of $50. He is currently consuming 20 hamburgers, at a price of $2 each, and 10 hot dogs, at a price of $1 each. If the last hamburger and the last hot dog both added 50 units to Ronald's total utility, he a. is making the utilitymaximizing choice. b. should buy more hamburgers and fewer hot dogs. c. should buy more hot dogs and fewer hamburgers. d. obtains more additional utility per dollar from hot dogs than from hamburgers. e. both c and d
Answers
Answer:
e. both c and d
c. should buy more hot dogs and fewer hamburgers. d. obtains more additional utility per dollar from hot dogs than from hamburgers.Explanation:
in order to determine if Ronald is maximizing his utility, we must calculate the utility per dollar spent:
hamburgers's utility = utils / price = 50 / $2 = 25 utils per $hot dogs' utility = utils / price = 50 / $1 = 50 utils per $Ronald is not maximizing his utility since he is getting twice as much utils per dollar by consuming hot dogs. This means that he should increase the number of hot dogs eaten and decrease the number of hamburgers.
To illustrate Mill's concern with the uncultivated making poor decisions, consider the following example. Your state government determines that it has a budget surplus of $5 billion that it must spend before the end of the fiscal year. So, the legislature puts the following to a popular vote: ALL citizens currently residing in the state are entitled to either (1) a free college education; or (2) a free lifetime supply of beer. Because the "uncultivated" among you may not be able to distinguish between the "lower" good of free beer and the "higher" good of free education, do you believe that the majority of citizens would choose the beer? In what, if any, ways might decisions such as this led to the eventual decline of the cultural and intellectual life of your state? Mill argued that we should implement a requirement that people be "competent" judges, familiar with differences, before they could vote. Do you agree? IF so, how should we determine who is competent or who is not?
Answers
Answer:
Because the "uncultivated" among you may not be able to distinguish between the "lower" good of free beer and the "higher" good of free education, do you believe that the majority of citizens would choose the beer?
Mill believed that a proper utilitarian behavior would favor nobler and higher pleasures, e.g. education, arts, while it will rejects voluptuary or low level pleasures, e.g. free beer for life. That is why he separates people between those who only seek low level pursuits and those that actually seek higher ones.
I would really feel disappointed if the majority of the state's residents voted for free beer, but actually I really believe that it would be the winning option. Sadly, it is like watching Titanic and still hope that Leo will not die. You know its inevitable, but until the last moment you will not accept it.
In what, if any, ways might decisions such as this led to the eventual decline of the cultural and intellectual life of your state?
When I was little (on kindergarten), my teacher taught us 3 things:
my ABCto sing the Star-Spangled Banner (although no one really remembered the words)the idea that if you study and work hard enough, you will succeed in lifeI hope that other teachers still do the same and keep teaching these things, but I'm not so sure about the third one. Sadfully, as a society becomes less educated and less intellectual, they start to decline. That decline not only represents being dumber, but it also means that every time it will be harder for someone to do the right thing and to be able to succeed.
Mill argued that we should implement a requirement that people be "competent" judges, familiar with differences, before they could vote. Do you agree? IF so, how should we determine who is competent or who is not?
I do not agree with him since the basic premise of democracy is that everyone should be allowed to vote. No one has the right to determine who is competent enough to vote.
E.g. I do not like President Trump, and if I could determine who could vote or not, I would dictate that only people living in large urban areas should be allowed to vote. Why? Because according to me, urban life is better than rural life. This way I would make sure that the Republican party never wins an election again, but is that fair? Of course not. People living in rural areas or small towns have the same right to vote than people living on cities.
The same logic would apply to only allowing people living on wealthy states to vote, or only allowing people of certain race to vote. Whenever someone tries to limit other people's rights, bad things will happen.
