Answer: Private good
Explanation:
The main feature of a private good is rivalry and excludabilty. For a private good, when a consumer or when someone consumers or purchases the product, this will privemt others from enjoying such good.
Since the admission of the concert is available on a first-come, first-served basis, Thai means only those that quickly come will benefit while others will be excluded.
This is a private good.
The following data relate to Department no. 2 of Young Corporation:
Segment contribution margin $480,000
Profit margin controllable by the segment manager 226,000
Segment profit margin 108,000.
On the basis of this information, fixed costs traceable to Department no. 2 but controllable by others are:
a) $122,000
b) $140,000
c) $250,000
d) $370,000
e) not determinable.
Answer:
e) not determinable.
Explanation:
Calculation for the fixed costs traceable to Department no. 2 but controllable by others
Profit margin controllable by the segment manager 226,000
Less Segment profit margin (108,000)
Fixed costs traceable to Department no. 2 but controllable by others $118,000
(226,000-108,000)
Therefore the Fixed costs traceable to Department no. 2 but controllable by others are: $118,000
Mcgahen Medical Clinic measures its activity in terms of patient-visits. Last month, the budgeted level of activity was 1,080 patient-visits and the actual level of activity was 990 patient-visits. The clinic's director budgets for variable overhead costs of $3.30 per patient-visit and fixed overhead costs of $10,600 per month. The actual variable overhead cost last month was $3,380 and the actual fixed overhead cost was $8,780. In the clinic's flexible budget performance report for last month, what would have been the variance for the total overhead cost?
Answer:
$1,707 Favorable
Explanation:
The variance will be the difference between the planned budget and the actual costs.
Variable costs are budgeted at $3.30 per customer visit, and fixed costs are $10,600 per month. There were 990 customer visits.
The variable cost budget will be
=$3.30 x 990
=$3,267
Fixed budget is $10,600
Total budget
= $10,600 + $3,267
=$13,867
the actual expenditure was
variable cost= $3,380
fixed costs=$8,780
total actual costs = $3,380 +$8,780
= $12,160
variance = $13,867 - $12,160
=$1,707
Based on the given information on Mcgahen medical clinic, the variance for the total overhead cost is -$1,707
How to calculate variance of the overhead costTo calculate the variance for the total overhead cost
First, get the flexible budget amount for variable overhead costs is:
Flexible budget amount for variable overhead costs = Budgeted variable overhead rate per patient-visit x Actual level of activity
= $3.30 x 990
= $3,267
The total flexible budget amount for overhead costs is:
Total flexible budget amount for overhead costs = Flexible budget amount for variable overhead costs + Fixed overhead costs
= $3,267 + $10,600
= $13,867
Now, calculate the variance for the total overhead cost:
Total overhead cost variance = Actual overhead costs - Total flexible budget amount for overhead costs
= ($3,380 + $8,780) - $13,867
= $12,160 - $13,867
= -$1,707
The negative value for the variance indicates that the actual overhead costs were lower than the expected flexible budget amount for overhead costs.
Specifically, the clinic spent $1,707 less on overhead costs than it had planned for based on its budgeted level of activity.
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Tara's company has launched a new style of lightweight running shoe. The company recently received some bad publicity. Tara is planning to
rebuild a strong relationship with her customers by Investing in techniques that improve the company's reputation and earn public goodwill.
Tara is looking to Improve her company's reputation through
__________
Incomplete question. The remaining part reads;
Identify the sales promotion technique based on the given scenario.
Answer:
Loyalty Points to Customers.
Explanation:
An important sales promotion technique that fits well into this technique is the sales promotion technique. This technique involves providing some incentives that motivate your aggrieved customers to reconsider coming back to you.
For example, Tara could offer her customers loyalty points which they can redeem as discounts for every pair of the new style of lightweight running shoe. By so doing, she may be able to regain the trust of her customers.
What economic problem did many countries face as a result of world war 2
Answer:
trade deficits, lack of investment capital, and wide gaps between rich and poor
Explanation:
If average demand for an inventory item is 200 units per day, lead time is three days, and safety stock is 100 units, the reorder point is:
Answer:Reorder point = 700 units
Explanation:
Reorder point (ROP) is the minimum quantity OF inventory that a business should have available in its stock before the inventory is replenished or reordered .
Given
average demand for an inventory item =200 units per day
lead time = three days,
safety stock = 100 units
We have that
Reorder point = (Average daily unit sales x Lead time ) + Safety stock
=( 200 x 3 )+ 100
600 + 100
= 700 units
The minimum quantity of inventory of a stock that a firm should have available before the inventory is replenished. The reorder point is 700 units.
Reorder point (ROP) :
It is the minimum quantity of inventory of a stock that a firm should have available before the inventory is replenished.
Reorder point = (Average daily unit sales x Lead time ) + Safety stock
Given Here,
Average demand for an inventory item = 200 units/day
Lead time = 3 days,
Safety stock = 100 units
Thus,
Reorder Point = ( 200 x 3 )+ 100
Reorder Point = 600 + 100
Reorder Point = 700 units
Therefore, the reorder point is 700 units.
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Suppose in the year 2019, people spent $500 on durable goods, $600 on non-durable goods, and $900 on services. During the same year, the government paid a total of $600 to soldiers and police officers, spent $400 building missiles and highways, spent $200 total on welfare and unemployment benefits and $800 on social security payments. During this year the United States had imports totaling up to $600 while exporting $200 worth of goods and services. Finally, firms spent $600 on machines that will increase their productive capacity and they raised the amount of goods in their inventories from $200 at the beginning of the year to $500 at the end of the year. Please use this information to calculate total GDP for 2017.a. $2,300.b. $2,800.c. $3,200.d. $2,700.
Answer:
nba
Explanation:
nba
If the Federal Reserve lowers the target federal funds rate,
a. liquidity in the banking system is increased
b. the discount rate rises
c. securities prices fall
d. required reserves are decreased
Answer:
a. liquidity in the banking system is increased
Explanation:
Federal fund rate is the rate of interest where a depository institution lends the money that is maintained at the federal reserve for other depository institution. It would be applied to the creditworthy institution who is very creditworthy for the loans i.e. overnight
Now in the case when the federal reserve reduce the fund rate of target federal so the possibility of borrowing would be cheaper that rise the liquidity
Hence, the option a is correct
Total liabilities and stockholders' equity $1,279,600 Accounts payable at the end of December would be:
Answer:
d. $258,700
Explanation:
Note: The full question is attached as picture below
Purchase Budget for December
Particulars Amount
Cost of goods sold (65% of 390,000) $253,500
Add: Desired ending inventory $208,000
(80% of following monthly COGS)
Total inventory required $461,500
Less: Beginning inventory $202,800
Purchases $258,700
Thus, the Accounts payable at the end of December is $258,700
20192018201720162015 Sales$656,856$432,142$358,624$243,135$180,100 Cost of goods sold 337,397 222,192 186,298 125,649 91,851 Accounts receivable 31,726 25,194 24,602 14,199 12,355 Compute trend percents for the above accounts, using 2015 as the base year.\
Answer:
Trend Percent for Net Sales :
2016 = 135.00 %
2017 =199.00%
2018 = 239.9 %
2019 = 364.7 %
Trend Percent for Cost of goods sold :
2016 = 136.7 %
2017 = 202.8 %
2018 = 241.9 %
2019 = 367.33 %
Trend Percent for Accounts receivable :
2016 = 114.9 %
2017 = 199.00 %
2018 = 203.9 %
2019 = 256.7 %
Explanation:
2019 2018 2017 2016 2015
Sales $656,856 $432,142 $358,624 $243,135 $180,100
Cost of goods sold 337,397 222,192 186,298 125,649 91,851 Accounts receivable 31,726 25,194 24,602 14,199 12,355
Trend Percent for Net Sales :
2016 Current Year Sales/ Base year Sales = $243,135 /$180,100
= 135.00 %
2017 Current Year Sales/ Base year Sales = $358,624 /$180,100 = 199.00%
2018 Current Year Sales/ Base year Sales =$432,142 / $180,100
= 239.9 %
2019 Current Year Sales/ Base year Sales = $656,856 /$180,100
= 364.7 %
Trend Percent for Cost of goods sold :
2016 Current Year CGS/ Base year CGS = $125,649 /91,851 = 136.7 %
2017 Current Year CGS/ Base year CGS = $ 186,298 /91,851 = 202.8 %
2018 Current Year CGS/ Base year CGS =$ 222,192/ 91,851 = 241.9 %
2019 Current Year CGS/ Base year CGS= $337,397 /91,851 = 367.33 %
Trend Percent for Accounts receivable :
2016 Current Year A/R/ Base year A/R = $14,199 /12,355 = 114.9 %
2017 Current Year A/R/ Base year A/R= $ 24,602 /12,355= 199.00 %
2018 Current Year A/R/ Base year A/R=$ 25,194 / 12,355 = 203.9 %
2019 Current Year A/R/ Base year A/R = $31,726 /12,355 = 256.7 %
Suppose that market demand is Q = 660 – 12P and marginal cost is MC = 5. The consumer surplus in a perfectly competitive market is $___________, while the consumer surplus in a monopoly market is $ __________.
a. 5,000; 3,750
b. 15,000; 7,500
c. 15,000; 3,750
d. 0; 7,500
Answer: 15000; 3750
Explanation:
From the question,
Q = 660 – 12P
MC = 5
The consumer surplus in a perfectly competitive market will be:
P = MC
Therefore, P = 5
Q = 660 - 12P = 660 - 12(5) = 660 - 60 = 600
Consumer surplus = 1/2 × (55 - 5) (600)
= 1/2 × 50 × 600
= 15,000
For monopoly, MR = MC
Total Revenue = P × Q
Since Q= 660 - 12P
P = (660 - Q)/12
TR = P × Q
= (660 - Q)/12 × Q
= (660Q- Q²)/12 × Q
MR = (660 - 2Q)/12
MR = MC
(660 - 2Q)/12 = 5
(660 - 2Q) = 5 × 12
660 - 2Q = 60
2Q = 660 - 60
2Q = 600
Q = 600/2
Q= 300
Since P =(660 - Q)/12
= (660 - 300)/12
= 360/12
= 30
Consumer surplus = 1/2 × (55 - 30) (30)
= 1/2 × 25 × 300
= 3750
Therefore, the answer is 15000; 3750
Understanding what the team is working on, encouraging wild ideas, and never rejecting an idea simply because it sounds too crazy are examples of _______ at IDEO.
Answer:
Understanding what the team is working on, encouraging wild ideas, and never rejecting an idea simply because it sounds too crazy are examples of _______ at IDEO.
Deviance
Explanation:
At IDEO, deviance is equally encouraged just as conformity is also encouraged. Deviance simply means non conformance to expected ways of doing things. IDEO has recognized the importance of innovation in its product designs. It is important to note that innovation comes in many shapes and sizes, and it is only through diversity in thought that people can recognize opportunities for innovation. This is while it forms teams to bring in the two aspects that encourage innovation: conformity and deviance.
In order to evaluate risk, management may also set qualitative risk classes. Rank these four projects from least risky to most risky, all other things being equal. Completely new market in United States. Completely new market in South America. Addition to normal product line. Repair to old machinery.
Answer:
Ranking projects from least risky to most risky:
1. Repair to old machinery.
2. Addition to normal product line.
3. Completely new market in United States.
4. Completely new market in South America.
Explanation:
As can be seen from the above scenario, the risk profile increases as the company's activities move away from the known, controllable, and internal arenas to the unknown, uncontrollable, and external arenas. This implies that increasing uncertainty induces more risk.
A corporation has 25,000 shares of $10 par stock outstanding. How many shares would be outstanding after a 5-for-1 stock split
Answer:
125,000
Explanation:
When a 5-for-1 stock split takes place, for every outstanding stock, 4 more are created. In this case, there are 25,000 outstanding stocks, which means that 25,000 x 4 = 100,000 more will be issued. In total, 25,000 + 100,000 = 125,000 stocks will be outstanding after the stock split.
suppose that the city of springfield decides to regulate the company. if the city requires the monopoly to charge a normal profit price, the company will charge
Answer:
The monopolist company will charge $7 and sell 90 units.
Explanation:
If the city of Springfield regulates the monopolist, it will require the company to charge a price of $7, which is the normal profit price, according to the attached diagram. Ordinarily, the monopolist, if unregulated, may decide to increase the price it charges to $10. At such a price, there is no market equilibrium. But monopolists are better regulated for the market to achieve equilibrium in the market supply and demand of the goods or services.
Arthur is a California resident. He was ordered to pay $2,000 in alimony and $3,000 in child support to his former spouse. He meets all the requirements when paying his support. What amount can Arthur take as a deduction for these payments
Answer: $2000
Explanation:
Alimony is referred to as a financial support that is given to an individual when there is a divorce. This is usually an order from the court
Based on the question above, we should note that no amount should be removed from the child support as they're not deductible. Therefore, the amount that Arthur can take as a deduction for these payments would be $2000.
A firm is considering the purchase of a $500,000 machine for its business. The machine is expected to increase sales by $237,000. The machine will have a 5 year useful life and will be depreciated over 5 years via the straight line method. There is no salvage value. The firm has a required rate of return of 10% for all new capital investments. The project's pro forma income statement is shown below:
Sales $237,000
Total Cost 137,000
Depreciation 100,000
EBIT $0
Taxes 0
Net income $0
The firm should: ___________
a. Accept the project because the NPV is $2,543
b. Accept the project because the NPV is $10,011
c. Reject the project because the NPV is negative $120,921
d. Reject the project because the NPV is negative $500,000
e. It doesnt matter since the NPV is 0
f. Cant tell since there isnt enough information
Answer:
The firm should: ___________
c. Reject the project because the NPV is negative $120,921
Explanation:
a) Data and Calculations:
Pro Forma Income Statement:
Sales $237,000
Total Cost 137,000
Depreciation 100,000
EBIT $0
Taxes 0
Net income $0
Cost of machine = $500,000
Required rate of return = 10%
Annual revenue from new machine = $237,000
Annual operational costs = $137,000
Annual net cash flow = $100,000
Depreciation expense = $100,000
Annuity factor at 10% for 5 years = 3.791
PV Annuity of $100,000 = $100,000 * 3.791 = $379,100
NPV = $379,100 - $500,000 = $120,900
b) The Net present value of the project is $120,900 (the difference between the total present value of cash inflow of $379,100 and the initial cash outflow of $500,000).
g Cathy Rogers deposits $200 in currency in her checking account at a bank. This deposit is treated as:
Answer: 4) No change in the money supply because the $200 in currency has been converted to a $200 increase in checkable deposits
Explanation:
The money supply refers to the total amount of money currently in circulation. In this instance it remains the same because no new money was introduced into the economy.
All that has happened is that Ms. Rogers took her $200 which was already in circulation and part of money supply and deposited it in her checking account. The money is therefore still in circulation, just not in immediate cash.
Money supply therefore remains the same.
In the GMP partnership (to which Elan seeks admittance), the capital balances of Mary, Gene, and Pat, who share income in the ratio of 6:3:1, are
Mary $266,400
Gene 133,200
Pat 44,400
Required:
a. If no goodwill or bonus is recorded, how much must Elan invest for a one-third interest?
b. Prepare journal entry for the admission of Elan if she invests $80,000 for a 20 percent interest and goodwill is recorded.
c. Prepare journal entry for the admission of Elan if she invests $200,000 for a 20 percent interest. Total capital will be $600,000; the partners use the bonus method.
Answer:
A. $222,000
B. Dr Cash $80,000
Dr Goodwill $31,000
Cr Elan, Capital $111,000
C. Dr Cash $200,000
Cr Mary, Capital $40,080
Cr Gene, Capital $20,040
Cr Pat, Capital $6,680
Cr Elan, Capital $133,200
Explanation:
A. Calculation to determine how much must Elan invest for a one-third interest
FIRST STEP is to calculate the 2/3 of the total resulting capital balance of Mary, Gene, and Pat
Mary $266,400
Gene $133,200
Pat $44,400
Total $444,000
Total resulting capital balance=($444,000÷2/3)
Total resulting capital balance= $444,000 ÷ .666666
Total resulting capital balance=$ 666,000
SECOND STEP is to calculate how much must Elan invest for a one-third interest
Investment for one-third interest= $666,000 x 1/3
Investment for one-third interest=$666,000 x .333333
Investment for one-third interest=$221,999.9
Investment for one-third interest=$222,000 (Approximately)
Therefore how much must Elan invest for a one-third interest is $222,000
B. Preparation of the journal entry for the admission of Elan if she invests $80,000 for a 20 percent interest and goodwill is recorded.
First step is to calculate the goodwill Estimated amount to the new partner
Estimated total capital $ 555,000
[($444,000÷(100%-20%)]
Less Total net assets ($524,000)
($444,000 + $80,000)
Estimated goodwill to the new partner $31,000
($ 555,000-$524,000)
Preparation of the journal entry
Dr Cash $80,000
Dr Goodwill $31,000
Cr Elan, Capital $111,000
[(444,,000÷(100%-20%)*20%)]
=($444,000/80%*20%=$111,000)
C. Preparation of journal entry for the admission of Elan if she invests $200,000 for a 20 percent interest while the Total capital will be $600,000.
FIRST STEP
Amount Invested in partnership $ 20,000
Less New partner's book value ($133,200)
[($444,000 + $222,000) x .20]
Difference $66,800
($200,000-$133,200)
Preparation of the journal entry using ratio 6:3:1
Dr Cash $200,000
Cr Mary, Capital $40,080
($66,800 x .60)
Cr Gene, Capital $20,040
($66,800 x .30)
Cr Pat, Capital $6,680
($66,800 x .10)
Cr Elan, Capital $133,200
($666,000 x .20)
Suppose your boss has asked you to write a letter to a client about a problem with their order. What format of writing would you use, and what kind of style would you use to write? Justify your response. :) please answer soon <3
Explanation:
If it is a letter written are put the adrees date and are put if it my boss are say dear boss
If the expected rate of return on the market portfolio is 12% and T-bills yield 6%, what must be the beta of a stock that investors expect to return 10%?
Answer:
the beta of the stock is 0.67
Explanation:
The computation of the beta of the stock is shown below
As we know that
As per CAPM model
Expected rate of return = risk free rate + beta × (market rate of return - risk free rate)
0.10 = 0.06 + beta × (0.12 - 0.06)
Beta = 0.04 ÷ 0.06
= 0.67
Hence, the beta of the stock is 0.67
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Retained earnings: Multiple Choice Are never adjusted for anything other than net income or dividends. Represents the amount shareholders are guaranteed to receive upon company liquidation. Represent an amount of cash available to pay shareholders. Can only be appropriated by setting aside a cash fund. Generally consists of a company's cumulative net income less any net losses and dividends declared since its inception. PrevQuestion 12 of 20 Total12 of 20Visit question map
Answer:
Generally consists of a company's cumulative net income less any net losses and dividends declared since its inception
Explanation:
Retained earning is the balance of a company's profit that is retained after the distribution of dividend declared to it's shareholders.
A company that makes profit at the end of a reporting period usually make dividend declaration to its shareholder. The accumulation of these declarations are then taken out of the profit earned by the company. The balance when dividends declared(since it's inception) by the company is taken out from its profit, including any net losses is known as retained earning.
On December 1, Year 7, Gelt Corporation declared a dividend and distributed to its sole shareholder a parcel of land that was not an inventory asset. On the date of the distribution, the following data were available: Adjusted basis of land $ 6,500 Fair market value of land 14,000 Mortgage on land 5,000 For the year ended December 31, Year 7, Gelt had earnings and profits of $30,000 without regard to the dividend distribution. If the mortgage on the land was assumed by the sole shareholder, by how much should the dividend distribution reduce Gelt's earnings and profits
Answer:
The amount by which the dividend distribution should reduce Gelt's earnings and profits is $1,500.
Explanation:
The mortgage on the land was assumed by the sole shareholder, the amount by which the dividend distribution should reduce Gelt's earnings and profits can be calculated using the following formula:
Amount of expected reduction in Gelt's earnings and profits = Adjusted basis of land - Mortgage on land ................. (1)
Where;
Adjusted basis of land = $6,500
Mortgage on land = $5,000
Substitute the values into equation (1), we have:
Amount of expected reduction in Gelt's earnings and profits = $6,500 - $5,000 = $1,500
Therefore, the amount by which the dividend distribution should reduce Gelt's earnings and profits is $1,500.
You own a stock portfolio invested 25 percent in Stock Q, 20 percent in Stock R, 10 percent in Stock S, and 45 percent in Stock T. The betas for these four stocks are 1.32, 1.26, 1.52, and 1.06, respectively. What is the portfolio beta?
Answer: 1.211
Explanation:
From the question, we are informed that an individual own a stock portfolio invested 25 percent in Stock Q, 20 percent in Stock R, 10 percent in Stock S, and 45 percent in Stock T and that the betas for these four stocks are 1.32, 1.26, 1.52, and 1.06, respectively.
The portfolio beta will be calculated as:
= (shares of Q × Beta of Q) + (shares of R × Beta R) + (shares of S × Beta S) + (shares of R * Beta T))/ Total Shares
=(25 × 1.32) + (20 × 1.26) + (10 × 1.52) + (45 × 1.06)/100
= (33 + 25.2 + 15.2 + 47.7) / 100
= 121.1/100
= 1.211
The net effects on the corporation of the declaration and payment of a cash dividend are to increase assets and increase stockholders' equity. increase stockholders' equity and decrease liabilities. decrease assets and decrease stockholders' equity. decrease liabilities and decrease stockholders' equity.
Answer:
Decrease assets and decrease stockholders equity
Explanation:
Shareholders of the Company are rewarded for their contribution through dividends.
Declaration and payment of a cash dividend results in the following journal :
Dividend (debit)
Cash (credit)
Thus,
The Owners Equity Decrease whilst the Assets Account (Cash) Decreases
The only thing a firm can and should do to balance the conflicting demands of being agile in a dynamic environment is to design systems and processes that can identify, assess, and develop technology based opportunities.
a. True
b. False
Answer:
b. False
Explanation:
By saying that's the "only thing a firm can and should do" makes the statement untrue because, in a scenario where there is conflicting demand, the firm may employ other methods.
A young worker is starting her first job at a research lab. She spent four years
in college getting a degree in biology to prepare her for the career she
wanted. Then, she applied for a job at the lab and negotiated a good salary
for herself after she was hired.
This young worker is most likely part of which economic system?
A. Command economy
B. Market economy
C. Mixed economy
D. Traditional economy
Answer: Market economy
Explanation: A P E X
A production possibilities frontier can shift outward if
Answer:
A production possibility frontier (PPF) illustrates the combinations of output of two products that a country can supply using all of their available factor inputs in an efficient way. One way the PPF can shift outwards is if there is an increase in the active labour supply
"An investor expects a return of 14.7% on her portfolio with a beta of 1.13. If the expected market risk premium decreases from 8% to 7%, what return should she now expect on the portfolio?"
Answer:
13.57%
Explanation:
Calculation for what return should she now expect on the portfolio
Expected return = 14.7% + 1.13(7% − 8%)
Expected return = 14.7%+1.13(-1%)
Expected return = 14.7%-1.13
Expected return = 13.57%
Therefore the return she should expect now on the portfolio will be 13.57%
True or False: Raising annual trend growth by 0.5 percentage points would do much more for the next generation than eliminating cyclical fluctuations around the trend
Answer:
False
Explanation:
The cyclical fluctuations around the trend may be higher than the 0.5 percentage points at which the annual trend growth is being raised. This implies that just raising the annual trend growth by a percentage point without due consideration of the cyclical fluctuation rates does not do much good for the next generation. Therefore, holistic consideration should be paid to all factors before final decision is taken.
Doug's Boat Shop, Inc. reports operating income of $260,000 and interest expense of $31,200. The average common stockholders' equity during the year was $50,000. The beginning assets balance is $115,000 and ending assets balance is $180,000. What is the leverage ratio
Answer:
2.95
Explanation:
Given that;
Beginning assets = $115,000
Ending assets = $180,000
Operating income = $260,000
Interest expense = $31,200
Average common stockholder equity = $50,000
Average total assets ;
= (Beginning assets + Ending assets) ÷ 2
= ($115,000 + $180,000) ÷ 2
= $147,500
Therefore,
Leverage ratio = Average total assets ÷ Average common stockholder equity
Leverage ratio = $147,500 ÷ $50,000
Leverage ratio = 2.95
