The capacity of the process is approximately 0.5427 units per minute.
To determine the capacity of the process in units per minute, we need to consider the processing times of each step, the rework process, and the staffing by one worker at each resource. Let's calculate the capacity step by step:
Step 1: The first resource takes 8 minutes per unit. With one worker, the capacity of this step is 1 unit every 8 minutes, or 1/8 units per minute.
Step 2: The second resource takes 7 minutes per unit. Similarly, with one worker, the capacity of this step is 1 unit every 7 minutes, or 1/7 units per minute.
Step 3: The third resource takes 6 minutes per unit. However, since 20% of units need rework and revisit this step, we need to account for the extra time. On average, 80% of units pass through this step without rework, taking 6 minutes per unit.
The remaining 20% require rework, which takes the same processing time as the first pass. Therefore, the effective time per unit for this step is 0.8 * 6 minutes + 0.2 * 8 minutes = 6.4 minutes. The capacity of this step is 1 unit every 6.4 minutes, or 1/6.4 units per minute.
Step 4: The fourth resource takes 5 minutes per unit. Similar to step 3, we need to account for the rework process. With the same calculations, the effective time per unit for this step is 0.8 * 5 minutes + 0.2 * 8 minutes = 5.6 minutes. The capacity of this step is 1 unit every 5.6 minutes, or 1/5.6 units per minute.
Now, to calculate the overall capacity of the process, we sum up the capacities of each step:
Capacity = 1/8 + 1/7 + 1/6.4 + 1/5.6 units per minute.
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The Baldwin company currently has the following balances on their balance sheet: Assets $216,146 Common Stock $17,191 Retained earnings $107,742 Suppose next year the Baldwin Company generates $20,000 in net profit, pays $10,000 in dividends, assets change to $151,000, and common stock remains unchanged. What must their total liabilities be next year?
Select : 1
$16,067
-$3,933
$91,213
$33,25
The assets of Baldwin Company decreased from $216,146 to $151,000. The company paid dividends of $10,000, thus reducing the retained earnings from $107,742 to $97,742.
The net income of the company was $20,000. So, the total stockholders' equity of the Baldwin Company is given by ;Equity = Assets − Liabilities = Common Stock + Retained Earnings + Net Income − Dividends Therefore, we have Equity = $151,000 - Liabilities = $17,191 + $97,742 + $20,000 - $10,000Liabilities = $33,251Thus, the Baldwin company's total liabilities must be $33,251 next year. Option D: $33,251 is the correct answer.
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a blank market is one or more specific groups of potential consumers toward which an organization directs its marketing program.
A target market is one or more specific groups of potential consumers toward which an organization directs its marketing program. Identifying and understanding the target market is crucial for effective marketing strategies.
Define target market.
A target market is a group of consumers who share similar characteristics, needs, and preferences that make them more likely to be interested in a company's products or services. Market segmentation: To identify the target market, organizations use market segmentation. This involves dividing the broader market into smaller, homogeneous segments based on factors such as demographics, psychographics, behavior, or geographic location.
Benefits of targeting: By directing marketing efforts towards a specific target market, organizations can tailor their messages, products, and services to better meet the needs and desires of that particular group. By understanding the characteristics and preferences of the target market, companies can develop more effective marketing strategies and achieve their business goals.
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Which of the following solutions to combat adverse selection was implemented with the Affordable Care Act (ACA)? a.Sell insurance to groups and not to individuals
b.Make the information more symmetric
c.Mandate insurance
dOffer multiple insurance contracts to separate high- and low-risk individuals
Option c: Mandatory insurance is the approach taken by the Affordable Care Act (ACA) to address adverse selection. With the introduction of the individual mandate under the ACA, most people were now compelled to carry health insurance or pay a fine.
By adding more healthy people to the insurance pool, this mandate attempted to reduce adverse selection and balance out risk. By making insurance mandatory, the ACA wanted to ensure that both healthy and ill people could access the insurance market, prohibiting people from delaying buying coverage until they fell ill or need medical attention. With a more equal risk pool, premiums might be stabilised and insurance would become more accessible to everyone. The individual requirement was implemented to address concerns about unfair selection. and encourage broader population insurance coverage.
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A stock is selling today for $75 per share. At the end of the year, it pays a dividend of $6 per share and sells for $87
a. What is the total rate of return on the stock? (Enter your answer as a whole percent.
Rate of return %
b. What are the dividend yield and percentage capital gain? (Enter your answers as a whole percent.
Dividend yield %
Capital gains yield %
c. Now suppose the year-end stock price after the dividend is paid is $72. What are the dividend yield and percentage capital gain in this case? (Negative amounts should be indicated by a minus sign. Enter your answers as a whole percent.)
Dividend yield %
Capital gains yield %
a. The total rate of return on the stock is 24%.
b. The dividend yield is 8% and the capital gains yield is 16%.
c. In this case, the dividend yield is 8.33% (rounded to two decimal places), and the capital gains yield is -2.78% (rounded to two decimal places).
The total rate of return is calculated by considering both the dividend payment and the change in stock price. In this case, the initial stock price is $75, and it pays a dividend of $6, resulting in a dividend yield of 8% ($6/$75). The capital gains yield is calculated by considering the change in stock price: ($87 - $75)/$75 = 16%. Therefore, the total rate of return is the sum of the dividend yield and the capital gains yield, which is 24% (8% + 16%).
If the year-end stock price after the dividend is paid is $72, the dividend yield remains the same at 8% ($6/$75). However, the capital gains yield changes: ($72 - $75)/$75 = -4% (rounded to two decimal places). The negative sign indicates a decrease in the stock price, resulting in a capital loss. Therefore, the dividend yield is 8.33% (rounded to two decimal places), and the capital gains yield is -2.78% (rounded to two decimal places).
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Because consumers respond more favorably to Carmex when priced at $0.99 versus $1.00, many Carmex product prices end with a 9. This demand-oriented approach is known as
The demand-oriented approach known as "psychological pricing" is used by many companies, including Carmex, to influence consumer behavior.
In this approach, prices are set to create a perception of a lower price and increase consumer appeal. By pricing their products at $0.99 instead of $1.00, Carmex aims to make it appear more affordable and attractive to consumers.
This strategy is based on the observation that consumers tend to respond more favorably to prices ending in "9" rather than "0".
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When General Mills urged consumers to lower their cholesterol by eating Cheerios twice a day over the course of six weeks, the aim was to increase usage among current customers. General Mills used a ________ strategy.
General Mills used a marketing strategy known as a "pull" strategy.
A pull strategy aims to create consumer demand for a product by promoting it directly to the end consumer. In this case, General Mills urged consumers to lower their cholesterol by eating Cheerios twice a day. By targeting the end consumer and highlighting the health benefits of Cheerios, General Mills aimed to increase usage among current customers.
The company encouraged consumers to incorporate Cheerios into their daily routine for a specific period of time (six weeks) in order to achieve the desired cholesterol-lowering effect. This approach was intended to generate consumer interest and create a demand for Cheerios, ultimately increasing sales and usage among their current customer base.
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During the holiday season, Budget Department Store works with a contracted employment agency to bring extra workers on board to handle overflow business, and extra duties such as wrapping presents. Budget is using ________ during these rush times. During the holiday season, Budget Department Store works with a contracted employment agency to bring extra workers on board to handle overflow business, and extra duties such as wrapping presents. Budget is using ________ during these rush times. flexible strategies buffering lift coefficient smoothing independent strategies
During the holiday season, Budget Department Store is using flexible strategies during rush times.
They work with a contracted employment agency to bring in extra workers to handle the increased business and additional tasks like wrapping presents. By using flexible strategies, Budget is able to quickly and efficiently adapt to the demands of the holiday season.
This allows them to handle the overflow business and ensure that customers are served in a timely manner. By partnering with a contracted employment agency, Budget can easily scale their workforce up or down as needed. This approach helps them manage the temporary surge in business without committing to permanent hires. By utilizing flexible strategies, Budget can effectively handle the rush times while ensuring a positive shopping experience for their customers.
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When a company issues 28,000 shares of $4 par value common stock for $40 per share, the journal entry for this issuance would include:
The journal entry for this issuance would include the main answer "common stock" and the "28,000 shares of $4 par value at $40 per share."The journal entry would be as follows:
Debit: Cash ($40 x 28,000 shares)Credit: Common Stock ($4 x 28,000 shares): When a company issues shares of common stock, it receives cash from the investors in exchange for ownership in the company. In this case, the company is issuing 28,000 shares with a par value of $4 per share. The par value represents the nominal value assigned to each share by the company.
The company is receiving $40 per share, which is the price at which the shares are being sold to investors. Therefore, the journal entry would include a debit to cash for the total amount of cash received ($40 x 28,000 shares) and a credit to common stock for the total par value of the shares ($4 x 28,000 shares). This entry reflects the increase in both the company's cash and its equity as a result of issuing the common stock.
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Which two areas of coursework are the fastest growing subjects in business schools?
The fastest growing subjects in business schools can vary depending on current trends and demands in the industry. However, two areas that have been consistently gaining popularity are:
1. Data Analytics: With the increasing importance of data-driven decision-making in businesses, coursework related to data analytics has seen significant growth. Students learn techniques for collecting, analyzing, and interpreting large amounts of data to make informed business decisions. For example, they may study statistical analysis, data visualization, and machine learning algorithms to extract valuable insights from data.
2. Entrepreneurship: As entrepreneurship continues to thrive globally, business schools have seen a surge in coursework focused on developing entrepreneurial skills. Students learn about various aspects of starting and managing their own businesses, including business planning, market analysis, financial management, and innovation strategies.
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True (a) or False (b) The characteristics of an argument include intent, variation of quality, and a conclusion with reasons.
(a) True. The characteristics of an argument include intent, variation of quality, and a conclusion with reasons.
An argument is a logical and structured presentation of ideas that aims to persuade or convince others of a particular viewpoint or claim. It consists of several key elements, including intent, variation of quality, and a conclusion with reasons.
Intent refers to the purpose or goal of the argument. The person presenting the argument intends to persuade the audience and support their claim with valid reasoning and evidence.
Variation of quality means that arguments can differ in terms of their strength and effectiveness. Some arguments may be more compelling and well-supported, while others may be weaker or rely on faulty reasoning.
A conclusion with reasons is another essential characteristic of an argument. The argument's conclusion is the main claim or proposition being presented, while the reasons provide supporting evidence or logical explanations to justify the conclusion.
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in this discussion forum share how interest rate changes affect your company/industry.
Interest rate changes can significantly impact our company/industry, affecting borrowing costs, consumer spending, and investment decisions.
Interest rate changes have a profound impact on our company/industry due to their influence on borrowing costs, consumer spending, and investment decisions. When interest rates rise, the cost of borrowing increases, making it more expensive for our company to access credit for business expansion, investment in new projects, or working capital needs. This can restrict our ability to grow and may lead to delays in planned initiatives.
Moreover, higher interest rates can also impact consumer spending patterns. When borrowing becomes more expensive, consumers may reduce their spending on big-ticket items such as houses, cars, and durable goods, which can directly affect industries like real estate, automobile manufacturing, and consumer electronics. Decreased consumer spending can lead to reduced demand for our products or services, resulting in lower sales and potential revenue decline.
Furthermore, interest rate changes can influence investment decisions within our industry. Higher interest rates can make investment in long-term projects less attractive, as the cost of capital increases, potentially leading to a decrease in capital expenditure across the industry. This can have a ripple effect on suppliers, contractors, and other businesses connected to our industry's investment ecosystem.
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Farmer jones grows oranges in florida. suppose the market for oranges is perfectly competitive and that the market price for a crate of oranges is $10 per crate.
In a perfectly competitive market, the price of a crate of oranges is determined by the interaction of supply and demand. Farmer Jones, as a producer, will receive the market price of $10 per crate for his oranges. This means that he will earn $10 for each crate of oranges he sells in the market.
In this scenario, Farmer Jones is engaged in orange farming in Florida. The context assumes that the market for oranges is perfectly competitive, which means there are numerous buyers and sellers in the market, and no individual participant has the ability to influence the market price.
According to the information provided, the market price for a crate of oranges is $10. This price represents the amount at which buyers and sellers in the market have agreed to exchange a crate of oranges. It is determined by the forces of supply and demand in the market.
Since the market for oranges is perfectly competitive, Farmer Jones, as a seller, has no control over the price. He must accept the prevailing market price of $10 per crate. This implies that if Farmer Jones wants to sell his oranges, he will have to offer them at this price or lower.
It's important to note that the concept of perfect competition assumes certain conditions, such as homogeneity of the product (all oranges being similar), ease of entry and exit for market participants, perfect information, and no barriers to trade. These assumptions help create a framework for analyzing market dynamics and outcomes.
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what major dimension sets apart international finance from domestic finance? group of answer choices foreign exchange and political risks market imperfections expanded opportunity set
The major dimension that sets apart international finance from domestic finance is foreign exchange and political risks.
In international finance, businesses and investors need to consider the risks associated with currency fluctuations and political instability in different countries. This is not a concern in domestic finance, where the currency is stable and the political environment is more predictable.
The foreign exchange risk refers to the potential for losses due to changes in currency exchange rates, while political risks refer to the uncertainty and potential impact on investments caused by political events or policies.
By understanding and managing these risks, businesses and investors can navigate the complexities of international finance successfully.
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define logical artifacts and operational artifact for given artifacts
Logical artifacts are intangible components that support logical operations, such as algorithms and decision trees. Operational artifacts are tangible resources for system operation, like equipment and software.
The intangible parts of a system or process that are intended to assist logical operations are referred to as logical artefacts. Algorithms, flowcharts, data models, decision trees, and rules are a few examples of these artefacts. They offer a foundation for comprehending and using logical procedures, facilitating effective decision- and problem-solving.
Operational artefacts, on the other hand, are actual, usable parts of a system or process. They include the tangible instruments, machinery, software programmes, databases, paperwork, and other materials required for a system's operation and upkeep. Operational artefacts help the implementation and operation of a system in real-world circumstances by enabling the execution of logical processes. Any system or process must operate effectively and efficiently in order to function.
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if the average adult produces $30,000 of output per year, how much global output is lost annually as a result of adult deaths from secondhand smoke?
Total estimated lost output from adult deaths: $11,370,000,000 + $4,950,000,000 = $16,320,000,000 . Let's find based on data:
According to the given information from the World Health Organization, secondhand smoke globally causes over 600,000 deaths each year, including 165,000 deaths among children. These deaths result from various health conditions, including heart disease, lower respiratory disease, asthma, and lung cancer. To estimate the global output lost annually as a result of adult deaths from secondhand smoke, we need to consider the economic impact of these deaths. Given that the average adult produces $30,000 of output per year, we can calculate the lost output by multiplying this average by the number of adult deaths caused by secondhand smoke.
From the information provided, we don't have the exact breakdown of the number of adult deaths caused by secondhand smoke for each health condition. However, we can assume that the majority of the deaths fall into the categories of heart disease and lower respiratory disease, as they account for the highest number of deaths. Let's estimate the lost output based on these assumptions:
Lost output from adult deaths due to heart disease: 379,000 deaths * $30,000 = $11,370,000,000
Lost output from adult deaths due to lower respiratory disease: 165,000 deaths * $30,000 = $4,950,000,000
Total estimated lost output from adult deaths: $11,370,000,000 + $4,950,000,000 = $16,320,000,000
It's important to note that this estimation assumes a linear relationship between the number of adult deaths and the economic output lost. In reality, the economic impact may vary depending on factors such as the age and productivity of the individuals affected. However, this estimation provides a rough estimate of the global output lost annually due to adult deaths from secondhand smoke, highlighting the significant economic consequences of this public health issue.
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Incomplete Question:
WORLD VIEW SECONDHAND SMOKE KILLS MORE THAN 600,000 PEOPLE A YEAR Secondhand smoke globally kills more than 600,000 people each year, accounting for 1 percent of all deaths worldwide. Hannah Maule-Finch/Image Source/Corbis Researchers estimate that annually secondhand smoke causes about 379,000 deaths from heart disease, 165,000 deaths from lower respiratory disease, 36,900 deaths from asthma, and 21,400 deaths from lung cancer. Children account for about 165,000 of the deaths. Forty percent of children and 30 percent of adults regularly breathe in secondhand smoke. Source: World Health Organization CRITICAL ANALYSIS: The health risks imposed on nonsmokers via passive smoke represent an external cost. The market price of cigarettes doesn't reflect costs horne by third parties. 5. If the average adult produces $30,000 of output per year, how much global output is lost annually as a result of adult deaths from secondhand smoke, according to World View “Secondhand Smoke Kills More Than 600,000 People a Year?”
On January 1, 2020, Jacob Inc. purchased a commercial truck for $48,000 and uses the straight-line depreciation method. The truck has a useful life of eight years and an estimated residual value of $8,000. On December 31, 2021, Jacob Inc. sold the truck for $43,000. What amount of gain or loss should Jacob Inc. record on December 31, 2021
Jacob Inc. should record a gain of $5,000 on December 31, 2021.
To calculate the gain or loss on the sale of the truck, we need to compare the proceeds from the sale to the truck's book value on December 31, 2021.
First, let's determine the annual depreciation expense. The truck's depreciable cost is the original cost minus the estimated residual value, which is $48,000 - $8,000 = $40,000. The annual depreciation expense is calculated by dividing the depreciable cost by the useful life of the truck, which is $40,000 / 8 = $5,000 per year.
Since Jacob Inc. owned the truck for two years, the accumulated depreciation on December 31, 2021, is $5,000 x 2 = $10,000.
The truck's book value on December 31, 2021, is the original cost minus the accumulated depreciation, which is $48,000 - $10,000 = $38,000.
The gain or loss is calculated by subtracting the book value from the proceeds from the sale: $43,000 - $38,000 = $5,000.
Therefore, On December 31, 2021, Jacob Inc. should report a gain of $5,000.
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A savings account earns 4 percent. If the saver is in a 28 percent tax bracket, the after-tax savings rate of return would be ________percent. 2.88 14.00 128.00 1.12 16.72
A savings account earns 4 percent. If the saver is in a 28 percent tax bracket, the after-tax savings rate of return would be 2.88 percent . 2.88 14.00 128.00 1.12 16.72
To calculate the after-tax savings rate of return, we need to take into account the tax bracket.
The interest earned on the savings account is 4 percent. Since the saver is in a 28 percent tax bracket, they will have to pay taxes on the interest earned.
To find the after-tax savings rate of return, we can calculate the amount of interest earned after taxes by multiplying the interest rate (4 percent) by (1 - tax rate).
1 - 0.28 = 0.72 (this represents the portion of interest earned after taxes)
Next, we can calculate the after-tax savings rate of return by multiplying the interest rate (4 percent) by the portion of interest earned after taxes (0.72).
4 percent x 0.72 = 2.88 percent
Therefore, the after-tax savings rate of return is 2.88 percent.
So the answer is 2.88.
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What is the name of the law passed in 2010 that that called for stricter rules for bank capital, liquidity, and risk management practices on Wall Street
The law passed in 2010 that called for stricter rules for bank capital, liquidity, and risk management practices on Wall Street is known as the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly referred to as Dodd-Frank Act.
The Dodd-Frank Act is a comprehensive financial reform legislation that was enacted in response to the 2008 financial crisis. It was named after its co-sponsors, Senator Christopher Dodd and Representative Barney Frank, who were instrumental in its development and passage.
The main objective of the Dodd-Frank Act was to address the weaknesses and risks in the financial system that contributed to the financial crisis. It aimed to strengthen the stability and transparency of the banking and financial industry, protect consumers from abusive financial practices, and establish a framework for the resolution of failing financial institutions to prevent future taxpayer bailouts.
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If a company borrows money from a bank as an installment note, the interest portion of each annual payment willa.increase over the term of the noteb.remain constant over the term of the note
The interest portion of each annual payment for a company's installment note borrowed from a bank will "remain constant over the term of the note."
When a company borrows money through an installment note, the interest rate is typically fixed. This means that the interest portion of each payment remains the same throughout the duration of the note. For example, if a company borrows $10,000 with a 5% fixed interest rate and chooses to make annual payments.
the interest portion of each annual payment will always be $500 (5% of $10,000). The principal portion of the payment, on the other hand, will decrease over time as the outstanding balance is paid off. Therefore, the interest portion of each annual payment will not increase or decrease over the term of the note.
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Suppose the reserve requirement is 13%, banks hold no excess reserves, and there are no additional currency holdings. For each of the following scenarios, find the change in deposits, reserves, and loans for each bank.
In order to determine the change in deposits, reserves, and loans for each bank in the given scenarios, we need to consider the reserve requirement and the initial conditions.
when a bank receives a $1,000 deposit, the bank can hold $870 as reserves and lend out $130. So, the deposits increase by $1,000, reserves increase by $870, and loans increase by $130.
when a bank loans out $500, the deposits increase by $500, reserves decrease by $500, and loans increase by $500. In scenario 3, when a customer withdraws $200 in cash, the deposits decrease by $200, reserves decrease by $200, and loans remain unchanged.
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From the information given below, calculate the margin of safety expressed in dollars. $900,000 Actual sales Sales at the break-even point Variable costs $750,000 60% of fixed costs O a. $150,000 O b. $250,000 O c. $500,000 O d. $350,000 From the information given below, calculate operating leverage. Sales $300,000 Variable costs $150,000 Fixed costs $100,000 O a. 3.0 O b. 2.5 O c. 2.0 O d. 3.5
We must determine the discrepancy between actual sales and sales at the break-even point in order to determine the margin of safety in dollars.
Sales figures: $900,000.Sales needed to break even: 750 000 Actual sales minus sales at the break-even point is the margin of safety. $900,000 minus $750,000 is the margin of safety. Safety Margin = $150,000 The safety buffer is therefore $150,000. The following formula can be used to determine operating leverage: Contribution Margin / Operating Income is Operating Leverage. Variable costs are subtracted from revenues to determine contribution margin. Sales minus variable costs equals contribution margin. $300,000 minus $150,000 is the contribution margin. Margin of Contribution = $150,000 Sales minus total costs (variable costs + fixed costs) equal operating income. Sales - (Variable Costs + Fixed Costs) = Operating Income. $300,000 - ($150,000 + $100,000) = Operating Income Operating Revenue Operating Income: = $300,000 - $250,000 = $50,000 Contribution Margin / Operating Income is Operating Leverage. $150,000 divided by $50,000 is operating leverage. 3.0 Operating Leverage Since the operational leverage is 3.0, option (a) makes sense.
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Before planting, A corn producer estimates total cost of $600/acre, and fixed costs of $200/acre. At this level of input use, yields are expected to be 165 bu/acre. What is the lowest price per bushel the producer would accept (and still produce) assuming fixed costs are sunk
The producer would accept a price per bushel that is higher than $2.42/bushel to cover the variable costs and still produce. Any price lower than this would not be sufficient to cover the variable costs and would result in a loss for the producer.
To determine the lowest price per bushel the producer would accept (and still produce), we need to calculate the variable cost per acre. The variable cost per acre is the difference between the total cost per acre and the fixed costs per acre.
Variable Cost per Acre = Total Cost per Acre - Fixed Costs per Acre
Variable Cost per Acre = $600/acre - $200/acre
Variable Cost per Acre = $400/acre
Next, we need to calculate the variable cost per bushel. To do this, we divide the variable cost per acre by the expected yield per acre.
Variable Cost per Bushel = Variable Cost per Acre / Yield per Acre
Variable Cost per Bushel = $400/acre / 165 bu/acre
Variable Cost per Bushel ≈ $2.42/bushel
Therefore, the producer would be willing to accept a price per bushel greater than $2.42/bushel in order to cover variable costs and continue to harvest. Any price below this would incur a loss for the producer because it would not be enough to pay the variable costs.
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emmitt had the following final balances after the first year of operations: assets, $35,000; stockholders' equity, $14,400; dividends, $2,200; and net income, $9,100. what is the amount of emmitt's liabilities? multiple choice $9,300 $20,600 $17,800 $35,000
The amount of Emmitt's liabilities is $20,600.
The amount of Emmitt's liabilities can be calculated by using the basic accounting equation: Assets = Liabilities + Stockholders' Equity.
Rearranging the equation, we can find the liabilities by subtracting the stockholders' equity from the assets.
Liabilities = Assets - Stockholders' Equity
Liabilities = $35,000 - $14,400
Liabilities = $20,600
To find the amount of Emmitt's liabilities, we can use the basic accounting equation, which states that Assets = Liabilities + Stockholders' Equity.
We are given the values of assets ($35,000) and stockholders' equity ($14,400). We can rearrange the equation to solve for liabilities: Liabilities = Assets - Stockholders' Equity. By substituting the given values, we find that Liabilities = $35,000 - $14,400 = $20,600. Therefore, the amount of Emmitt's liabilities is $20,600.
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_________ has/have helped firms to concentrate on their core business. multiple choice scheduling erp lean production outsourcing supply chains
Outsourcing has helped firms to concentrate on their core business.
By outsourcing non-core activities, companies can delegate those tasks to specialized service providers, allowing them to focus their resources, time, and expertise on their core business functions. This enables firms to enhance their efficiency, reduce costs, and improve their overall performance by leveraging the expertise and economies of scale offered by outsourcing partners.
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which of the statements below is (are) correct regarding the accounting cycle? (check all that apply.)
The accounting cycle has steps for adjusting and closing accounts, this steps are followed by a company to prepare its financial statements and its steps are repeated each reporting period. For that reason, the correct options are the second, third and last.
The accounting cycle (second, third and last options) contains steps for adjusting and closing accounts.The accounting cycle refers to steps followed by a company to prepare its financial statements.The accounting cycle is a series of steps repeated each reporting period.
In accounting, the accounting cycle refers to a series of activities that take place in a specific sequence during each accounting period in order to produce accurate and timely financial statements.
The accounting cycle is a set of ten steps that are followed by a business or organization in order to maintain their financial records and prepare financial statements. The 10 steps of the accounting cycle are:
Analyze TransactionsJournalize TransactionsPost to the General LedgerPrepare an Unadjusted Trial BalanceAdjust AccountsPrepare an Adjusted Trial BalancePrepare Financial StatementsClose Temporary AccountsPrepare a Post-Closing Trial BalanceThe accounting cycle is completed on an annual or monthly basis. The accounting cycle contains steps for adjusting and closing accounts that are essential to ensuring that a company’s financial statements are accurate and compliant with generally accepted accounting principles.
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The following statement of cash flows for Shasta Inc. was not correctly prepared. The cash balance at the beginning of the year was $240,000. All other amounts are correct, except the cash balance at the end of the year.
Shasta Inc.
Statement of Cash Flows
For the Year Ended December 31, 20Y9
Cash flows from operating activities: Net income $360,000 Adjustments to reconcile net income to net cash flow from operating activities: Depreciation 100,800 Gain on sale of investments 17,280 Changes in current operating assets and liabilities: Increase in accounts receivable 27,360 Increase in inventories (36,000) Increase in accounts payable (3,600) Decrease in accrued expenses payable (2,400) Net cash flow from operating activities $463,440 Cash flows from (used for) investing activities: Cash from sale of investments $240,000 Cash used for purchase of land $(259,200) Cash used for purchase of equipment (432,000) Net cash flow used for investing activities (415,200) Cash flows from (used for) financing activities: Cash received from sale of common stock $312,000 Cash paid for dividends 132,000 Net cash flow from financing activities 180,000 Increase in cash $47,760 Cash at the end of the year 192,240 Cash at the beginning of the year $240,000 a. Answer the following questions. Use your answers to help you in locating errors for the above statement of cash flows.
Item Yes or No
1. Depreciation should be added to net income. Yes
2. Gain on sale of investments should be added to net income. No
3. Increases in accounts payable should be deducted from net income. No
4. Increases in accounts receivable should be added to net income. No
5. Cash paid for property, plant, and equipment should be deducted under investing. Yes
6. Cash received from sale of common stock should be added under financing. Yes
7. Cash paid for dividends should be added under financing. No
b. Enter the corrected amounts below. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments.
Net cash flow from operating activities $
Net cash flow used for investing activities $
Net cash flow provided by financing activities $
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c. Prepare a corrected statement of cash flows. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.
Cash flows from operating activities: Net income $360,000 Adjustments to reconcile net income to net cash flow from operating activities: Depreciation 100,800 Gain on sale of investments 17,280 Changes in current operating assets and liabilities: Increase in accounts receivable 27,360 Increase in inventories (36,000) Increase in accounts payable (3,600) Decrease in accrued expenses payable (2,400) Net cash flow from operating activities $463,440 Cash flows from (used for) investing activities:
b. The corrected amounts are:
Net cash flow from operating activities: $463,440
Net cash flow used for investing activities: -$415,200
Net cash flow provided by financing activities: $180,000
c. Corrected statement of cash flows:
Shasta Inc.
Statement of Cash Flows
For the Year Ended December 31, 20Y9
Cash flows from operating activities:
Net income $360,000
Adjustments to reconcile net income to net cash flow from operating activities:
Depreciation 100,800
Changes in current operating assets and liabilities:
Increase in accounts receivable 27,360
Increase in inventories (36,000)
Increase in accounts payable (3,600)
Decrease in accrued expenses payable (2,400)
Net cash flow from operating activities $463,440
Cash flows from investing activities:
Cash from sale of investments $240,000
Cash used for purchase of land (259,200)
Cash used for purchase of equipment (432,000)
Net cash flow used for investing activities ($415,200)
Cash flows from financing activities:
Cash received from sale of common stock $312,000
Cash paid for dividends (132,000)
Net cash flow provided by financing activities $180,000
Increase in cash $47,760
Cash at the end of the year $192,240
Cash at the beginning of the year $240,000
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_______ examined the competitiveness of industries on a global basis, rather than relying on country-specific factors to determine competitiveness.
Michael Porter examined the competitiveness of industries on a global basis, rather than relying on country-specific factors to determine competitiveness.
What is the concept of Porter's Five Forces?Porter's Five Forces is a business framework that helps organizations analyze the competitive intensity of an industry and develop their corporate strategies according to the conclusions of the analysis. It is named after Michael E. Porter, a Harvard Business School professor who published an article titled "How Competitive Forces Shape Strategy" in the Harvard Business Review in 1979.
The Five Forces Framework can help a company make informed strategic decisions by examining the economic and industrial structure of a specific industry, determining the potential for profitability, and analyzing how that profitability might be divided among industry rivals.
Porter believes that there are five forces that shape any industry, which are:1. Competition in the industry
2. Threat of new entrants into the industry
3. Bargaining power of suppliers
4. Bargaining power of buyers
5. Threat of substitute products or services
Hence, Michael Porter examined the competitiveness of industries on a global basis, rather than relying on country-specific factors to determine competitiveness.
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Focus Q Co has a 10-year bond that has 8.5% coupon rate. The bond's par value is $1,000. If the yield to maturity is 6.7% on these bonds. What is the bond's price
The bond's price can be calculated using the present value formula. The main answer is that the bond's price is the sum of the present values of its future cash flows, which includes the coupon payments and the final principal payment.
To calculate the present value of the bond's coupon payments, we need to determine the cash flow and discount it using the yield to maturity (YTM). In this case, the coupon rate is 8.5% and the par value is $1,000. Since the bond has a 10-year maturity, it will make 10 coupon payments. Each coupon payment will be $1,000 * 8.5% = $85.
Using the YTM of 6.7%, we can discount each coupon payment back to its present value using the formula for present value of a single cash flow: Present value of coupon payment = Coupon payment / (1 + YTM)^n where n is the number of periods until the cash flow occurs. In this case, the cash flow occurs annually for 10 years. Let's calculate the present value of each coupon payment:
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__________________ first used the relationships of international trade to explain why some nations are rich and others are not. __________________ first used the relationships of international trade to explain why some nations are rich and others are not.
The economist Adam Smith first used the relationships of international trade to explain why some nations are rich and others are not. In his book "The Wealth of Nations," published in 1776, Smith argued that a nation's wealth is not solely determined by the amount of gold and silver it possesses, but rather by its ability to produce goods and services efficiently.
He introduced the concept of comparative advantage, which states that countries should specialize in producing goods and services that they can produce most efficiently and trade with other countries to acquire goods and services that they are less efficient in producing. This theory suggests that through international trade, countries can benefit by focusing on their strengths and engaging in mutually beneficial exchanges. Smith's ideas on international trade laid the foundation for the modern understanding of the importance of trade in economic development.
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what is the inventory turnover rate if the initial inventory was 225,000 and the final inventory was 250,000 and the pharmacy had a sale of 2.75 million
The pharmacy sold its inventory 11.6 times in a year, which is considered to be good.
Inventory turnover rate = Cost of goods sold / Average inventory
In this case, the cost of goods sold is $2.75 million. The average inventory is calculated by adding the initial inventory of $225,000 and the final inventory of $250,000 and then dividing by 2. This gives an average inventory of $237,500.
Inventory turnover rate = $2.75 million / $237,500 = 11.6
Therefore, the inventory turnover rate is 11.6. This means that the pharmacy sold its inventory 11.6 times in a year.
A higher inventory turnover rate is generally considered to be better, as it means that the pharmacy is selling its inventory more quickly and avoiding having too much inventory on hand. However, a high inventory turnover rate can also mean that the pharmacy is not ordering enough inventory to meet demand.
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