Answer
$92.225
Explanation
Straight pay is calculated by multiplying the hourly rate by the number of hours you worked. 11.90dollars by 7.75 equals 92.225dollars.
Merchandise inventory includes:__________
a. costs to purchase
b. costs to sell
c. shipping costs
d. costs to prepare for sale
e. cost of goods sold
Answer:
a. costs to purchase
c. shipping costs
d. costs to prepare for sale
Explanation:
Merchandise inventory is a commodity offered for sale. It is the cost of goods that is readily available at hand which is ready for sale From the options; the Merchandise inventory includes: costs to purchase, shipping costs and costs to prepare for sale.
The remaining options are addressed in the income statement.
. Job 1 pays $50,000 per year and offers 10 days of vacation. Job 2 pays $48,000 per year and offers 25 days of vacation. Which job has a higher pay per workday (Job 1 or Job 2)?
Answer:
Job option 2 has a high pay per day
Explanation:
Job option 1:
The total number of hours worked in job 1 will be 365- 10 days of vacation. Pay per day
=$50,000/ (365 - 10)
=$50,000/ 355
=$140,845
Job option 2:
total hours worked will be 365 - 25
Pay per day
=$48,000/ 340
=$141.17
Job option 2 has a high pay per day
Gutierrez Company reported net income of $196,100 for 2020. Gutierrez also reported depreciation expense of $47,400 and a loss of $5,600 on the disposal of plant assets. The comparative balance sheet shows a decrease in accounts receivable of $10,900 for the year, a $12,900 increase in accounts payable, and a $3,200 decrease in prepaid expenses.
Required:
Prepare the operating activities section of the statement of cash flows for 2020.
Answer:
$276,100
Explanation:
Preparation of the operating activities section of the statement of cash flows for 2020
GUTIERREZ COMPANY Statement of Cash FlowsFor Year Ended December 31, 2020
Cash flows – operating activities
Net income $196,100
Add Reconciling adjustments to net income to netcash provided by activities:
Depreciation expense$47,400
Loss on Disposal of plant assets $5,600
Increase in Accounts payable $12,900
Decrease in Accounts receivable $10,900
Decrease in Prepaid expenses $3,200
Net cash – operating activities $276,100
Therefore the operating activities section of the statement of cash flows for 2020 will be $276,100
Barton Corporation, which adds materials at the beginning of production, uses a weighted-average process-costing system. Consider the data that follow. Number of Units Cost of Materials Beginning work in process 40,000 $ 80,600 Started in June 60,000 124,400 Production completed 75,000 Ending work in process 25,000 The company's cost per equivalent unit for materials is:
An income statement reports the revenues earned minus expenses incurred by a business over a period of time.
True or false ?
Answer:
True
Explanation:
This is an income statement. Ex: Rent expenses, salaries expense, total revenues, etc.
Your generous grandmother has just announced that she’s opened a savings account for you with a deposit of $10,000. Moreover, she intends to make you 9 more similar gifts, at the end of this year, next year, etc. If the savings account pays 8% interest, how much will you have
accumulated at the end of 10 years (one year after the last gift)?
Answer:
$156,454.87
Explanation:
Future Value of an annuity due: FV = Pmt x ((1+r)n -1))/r) x (1+r)
When Payment per period (PMT) = $10,000, Discount Rate per period= 8%,Number of periods (n) = 10
Future Value = $10,000 * ((1+0.08)^10 -1))/0.08) * 1.08
Future Value = $10,000 * [(1.08)^10 - 1 ]/ 0.08 * 1.08
Future Value = $10,000 * 2.15892499727-1/0.08 * 1.08
Future Value = $10,000 * 1.15892499727/0.08 * 1.08
Future Value = $10,000 * 14.486562465875 * 1.08
Future Value = 156454.87463145
Future Value = $156,454.87
The worth of a collection of regular payments at a future date, assuming a given discount rate, or rate of return (ROR) is called the future value of an annuity. (FAPThe present value (PV) of an annuity is the amount of money required to fund a series of future annuity payments (FAP) today.
COMPUTATION OF FUTURE VALUE OF ANNUITY DUE:
[tex]\text{Future Value of an annuity due (FV)} =[ \frac{\text{Pmt} \text{ x } ((1+r)^{n}}{r} -1] \text{ x } (1+r)[/tex]
[tex]\text{Where,}\\\text{Payment per period (PMT)} = 10,000, \\\text{Discount Rate per period(r)} = 0.08,\\\text{Number of periods (n)} = 10[/tex]
[tex]\text{(FV)} =[ \frac{\ 10,000 \text{ x } ((1+0.08)^{10}}{0.08} -1] \text{ x } (1+0.08)[/tex]
[tex]\text{(FV)} =[ \frac{\ 10,000 \text{ x } ((1.08)^{10}}{0.08} -1] \text{ x } (1.08)[/tex]
[tex]\text{(FV)} =[ \frac{\ 10,000 \text{ x } 2.1589}{0.08} -1] \text{ x } (1.08)[/tex]
[tex]\text{(FV)} =[ \frac{\ 10,000 \text{ x } 1.15892499727}{0.08} ] \text{ x } (1.08)[/tex]
[tex]\text{(FV)} =[ 10,000 \text{ x } 14.486562465875} ] \text{ x } (1.08)[/tex]
[tex]\text{(FV)} = 156454.87463145[/tex]
[tex]\text{Future Value} = 156,454.87[/tex]
Therefore, the accumulated amount at the end of 10 years is $156,454.87.
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An animator needs a laptop for audio/video editing, and notices that he can pay $2600 for a Dell XPS laptop, or lease from the manufacturer for monthly payments of $75 each for four years. The designer can borrow at an interest rate of 14% APR compounded monthly. What is the cost of leasing the laptop over buying it outright
Answer:
C) Leasing costs $145 more than buying
Explanation:
Calculation for the cost of leasing the laptop over buying it outright
First step is to get find the Present value (PV) using financial calculator
Rate =1.17% ( ⁴ 14% ÷ 12 months)
NPER=48 months ( 4 years × 12 month)
PMT=$75
FV=$0.00
Hence,PV will be :.
PV=$2,744.59
Now let calculate the cost of leasing
Cost of leasing= $2,744.59 - $2,600
Cost of leasing= $144.59
Cost of leasing=$145 Approximately
Therefore the cost of leasing the laptop over buying it outright will be $145
Cash flow to stockholders must be positive when: both the cash flow to assets and the cash flow to creditors are positive. the net sale of common stock exceeds the amount of dividends paid. no income is distributed but new shares of stock are sold. the dividends paid exceed the net new equity raised. both the cash flow to assets and the cash flow to creditors are negative.
Answer:
The dividends paid exceeded the net new equity raised.
Explanation:
Suppose that your demand schedule for pizza is as follows:
Price Quantity of Pizzas Demanded Quantity of Pizzas Demanded
(Dollars) (Income = $20,000) (Income = $24,000)
8 40 50
10 32 45
12 24 30
14 16 20
16 8 12
Using the midpoint method, your price elasticity of demand as the price of pizzas increases from $14 to $16 is 0.27/0.20/5.00/3.75 if your income is $20,000 and 5.00/0.27/0.20/3.75 if your income is $24,000.
If the price of a pizza is $10, your income elasticity of demand is 1.22/0.07/0.10/1.86 as your income increases from $20,000 to $24,000. However, if the price of a pizza is $14, your income elasticity is 1.86/0.07/0.10/1.22.
Answer:
1. 5.00
2. 3.75
3. 1.86
4. 1.22
Explanation:
The calculations are all in the attachment.
1. As the price elasticity goes from $14 to $16, the price of pizza becomes $5 at an income of $20,000
2. With income = $24000, if the price should move from $14 to $16, the price elasticity of demand is 3.75
3. With the price of pizza at $10, the income elasticity of demand as income rises from 20000 to 24000 = 1.86
4. If we have price if pizza as 24 dollars, with income rising from $20000 to $24000, then the income elasticity of demand = 1.22
Please check the attachment for the calculations
The income elasticity of demand as your income increases from $20,000 to $24,000, with a price of $10, is 0.07 if the price of a pizza is $10. However, if the price of a pizza is $14, the income elasticity is 0.10. The correct option is C.
Income elasticity of demand is a measure that indicates how sensitive the quantity demanded of a good or service is to changes in income. It measures the percentage change in the quantity demanded divided by the percentage change in income.
If the income elasticity of demand is positive, it indicates that the good is a normal good, meaning that as income increases, the quantity demanded of the good also increases.
Thus, the ideal selection is option C.
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Berkshire Inc. uses a periodic inventory system. At the end of 2017, it missed counting some inventory items, resulting in an inventory understatement by $610,000. Assume that Berkshire has a 30% income tax rate and that this was the only error it made. If undetected, what is the effect of this error on Berkshire's December 31,2017 balance sheet
Answer:
Since the inventory was understated, that means that the cost of goods sold was overstated. Since the COGS was higher, gross profits and operating income were lower. This results in lower than income taxes, and lower net income.
Lower net income results in understated retained earnings (by $427,000), also taxes payable, a liability, will also be understated by $183,000. On the other side of the balance sheet, assets ill be understated by $610,000.
Explanation:
Will Mark as Brainliest!!! +40 extra points Spending money on medical expenses is part of this expenditures approach for calculating the GDP.
a. consumer spending
b. gross exports
c. sum of all the country's businesses spending on capital
d. sum of government spending
e. gross imports
Answer A
Explanation:
State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: Retired $230,000 of bonds, on which there was $2,300 of unamortized discount, for $239,000. Sold 12,000 shares of $10 par common stock for $21 per share. Sold equipment with a book value of $63,500 for $91,400. Purchased land for $491,000 cash. Purchased a building by paying $86,000 cash and issuing a $110,000 mortgage note payable. Sold a new issue of $190,000 of bonds at 99. Purchased 6,200 shares of $30 par common stock as treasury stock at $57 per share. Paid dividends of $1.90 per share. There were 23,000 shares issued and 4,000 shares of treasury stock.
Answer:
Effect of Transaction on Cash Flows
Effects Amount
1. Cash Payment $239,000
2. Cash Receipt $252,000 (12000*$21)
3. Cash Receipt $91,400
4. Cash Payment $491,000
5. Cash Payment $86,000
6. Cash Receipt $188,100 (190,000*0.99)
7. Cash Payment $353,400 (6,200*$57)
8. Cash Payment $36,100 [1.90*(23,000-4,000)]
The following information is available for Aikman Company.
January 1, 2017 December 31, 2017
Raw materials inventory $21,000 $30,000
Work in process inventory 13,500 17,200
Finished goods inventory 27,000 21,000
Materials purchased $150,000
Direct labor 220,000
Manufacturing overhead 180,000
Sales revenue 910,000
Required:
1. Compute cost of goods manufactured.
2. Prepare an income statement through gross profit.
Answer:
$537,300
$378,700
Explanation:
1. Cost of goods manufactured
Direct material Jan 1 2017
$21,000
Add purchases of raw materials
$150,000
Less raw materials December 2017
($30,000)
Materials used in production
$141,000
Direct labor
$220,000
Manufacturing overhead
$180,000
Total manufacturing cost
$541,000
Add work in process inventory at Jan
$13,500
Less ending work in process inventory
($17,200)
Cost of goods manufactured
$537,300
2. Income statement through gross profit
Sales revenue
$910,000
Less cost of goods sold:
Cost of goods manufactured
$537,300
Add: finished goods at 1 Jan 2017
$27,000
Less: finished goods at 31 2017
($21,000)
Gross profit
$378,700
A loan of $12,000 is to be repaid within one year with level monthly payments, due at the beginning of each month. The 12 payments equal $1,000 each. A finance charge of $632 is also due with the first payment. Which of the following is closest to the effective annual interest rate on the loan?
a. 12.7%
b. 12.9%
c.13.1%
d. 13.3%
e. 13.5%
Solution :
It is given : loan amount = $12,000
Time to repay = 12 months
Finance charge = $ 632
AT the interest rate, outflow = inflow
The present value of the loan amounts = loan amount
[tex]$1000+632+[1000 \times (PVAF (r ,11))]=12000$[/tex]
[tex]$1000 \times PVAF(r,11)=12000-1632$[/tex]
[tex]$PVAF(r,11)=\frac{10368}{1000}$[/tex]
[tex]$PVAF(r,11)=10.368$[/tex]
Now using the annuity table we get
PVAF(1%, 11)=10.9676
This is equal to 10.368 (approximately)
∴ [tex]$r=1$[/tex] % per month of compounded monthly
So the annual interest rate is :
[tex]$=[(1+0.01)^{12}]-1$[/tex]
[tex]$r=[(1.01)^{12}]-1$[/tex]
[tex]$r = 12.68$[/tex] %
= 12.70 %
Hence the correct option is (a).
[tex]\text{It is given : loan amount} = $12,000\\\text{Time to repay} = 12 months\text{Finance charge} = $ 632\\\text{At the interest rate, outflow = inflow}\\\text{The present value of the loan amounts = loan amount}[/tex]
[tex]1000 + 632 + [ (P.V (r.11))] = 12,000\\\\1000 \text { x } P.V (r,11) = 12,000 - 1,632\\\\P.V (r.11) = \frac{10,368}{1000}\\\\P.V (r,11) = 10.368[/tex]
[tex]\text{Now using the annuity table we get} \\P.V (0.01, 11) =10.9676\\\text{This is equal to 10.368 (approximately)}[/tex]
[tex]r = 0.01 \text{ per month}\\\text{ Annual Interest rate}:\\r= [(1+0.01}^{12}] - 1\\r= [(1.01}^{12}] - 1\\r= 12.68\\[/tex]
Therefore, the closest option among the following choices is an option (a), i.e., 12.7%
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Consolidation among fuel providers serving airport facilities is viewed in the five forces model of competition as a(n): a. reduction of the airlines' ability to benefit from economies of scale. b. increase in switching costs because the airlines have no choice but to use jet fuel and other oil products. c. increase in the bargaining power of suppliers of a critical input. d. increase in the intensity of rivalry among airlines for scarce resources.
Answer:
c: increase in the bargaining power of suppliers of a critical input
Explanation:
Five Forces Framework by Porter's can be regarded as a method involving analysis of competition in a business. It's analysis dream through
industrial organization economics determine forces that are responsible for competitive intensity. The forces are;
✓potential new market entrants
✓number and power of a company's competitive rivals
✓ influence of suppliers, customers,on company's profitability.
It should be noted that Consolidation among fuel providers serving airport facilities is viewed in the five forces model of competition as a increase in the bargaining power of suppliers of a critical input.
What is one of the Agile Release Train sync meetings?
a. Iteration Review
b. Solution DemoIteration
c. Retrospective
d. Scrum of Scrum
Answer:
D. Scrum of scrums
Explanation:
When groups are divided into Agile teams of 5persons to 10 persons, . Every daily scrum that is within each of these sub-team is usually ended by making one member in the sub team as ambassador. The ambassador would then participate in a daily meeting with other appointed ambassadors from other sub-teams. This Is what is known as the Scrum of Scrums.
Miller Corporation has a premium bond making semiannual payments. The bond has a coupon rate of 8 percent, a YTM of 6 percent, and 18 years to maturity. The Modigliani Company has a discount bond making semiannual payments. This bond has a coupon rate of 6 percent, a YTM of 8 percent, and also has 18 years to maturity. Both bonds have a par value of $1,000.
Required:
a. What is the price of each bond today?
b. If interest rates remain unchanged, what do you expect the price of these bonds to be 1 year from now? In 9 years? In 13 years? In 17 years? In 18 years?
Answer:
The function/formula for PV is PV(Rate,Nper,PMT,FV) where Rate = YTM, Nper = Period, PMT = Coupon Payment and FV = Face Value of Bonds.
a. Miller Bond
Here, Rate = 6%/2 = 3%, Nper = 18*2 = 36, PMT = 1,000*8%*1/2 = $40 and FV = $1,000 [we use 2 since the bond is semi-annual]
Bond Price = PV(3%,36,40,1000)
Bond Price = $1,218.32
Modigliani Bond
Here, Rate = 8%/2 = 4%, Nper = 18*2 = 36, PMT = 1,000*6%*1/2 = 30 and FV = $1,000 [we use 2 since the bond is semi-annual]
Bond Price = PV(4%,36,30,1000)
Bond Price = $810.92
b. 1 Year from Now
Miller Bond
Here, Rate = 6%/2 = 3%, Nper = 18*2 = 34, PMT = 1,000*8%*1/2 = $40 and FV = $1,000 [we use 2 since the bond is semi-annual]
Bond Price = PV(3%,34,40,1000)
Bond Price = $1,211.32
Modigliani Bond
Here, Rate = 8%/2 = 4%, Nper = 17*2 = 34, PMT = 1,000*6%*1/2 = 30 and FV = $1,000 [we use 2 since the bond is semi-annual]
Bond Price = PV(4%,34,30,1000)
Bond Price = $815.89
9 Years from Now
Miller Bond
Here, Rate = 6%/2 = 3%, Nper = 9*2 = 18, PMT = 1,000*8%*1/2 = $40 and FV = $1,000 [we use 2 since the bond is semi-annual]
Bond Price = PV(3%,18,40,1000)
Bond Price = $1,137.54
Modigliani Bond
Here, Rate = 8%/2 = 4%, Nper = 9*2 = 18, PMT = 1,000*6%*1/2 = 30 and FV = $1,000 [we use 2 since the bond is semi-annual]
Bond Price = PV(4%,18,30,1000)
Bond Price = $873.41
13 Years from Now
Miller Bond
Here, Rate = 6%/2 = 3%, Nper = 5*2 = 10, PMT = 1,000*8%*1/2 = $40 and FV = $1,000 [we use 2 since the bond is semi-annual]
Bond Price = PV(3%,10,40,1000)
Bond Price = $1,085.30
Modigliani Bond
Here, Rate = 8%/2 = 4%, Nper = 5*2 = 10, PMT = 1,000*6%*1/2 = 30 and FV = $1,000 [we use 2 since the bond is semi-annual]
Bond Price = PV(4%,10,30,1000)
Bond Price = $918.89
17 Years from Now
Miller Bond
Here, Rate = 6%/2 = 3%, Nper = 1*2 = 2, PMT = 1,000*8%*1/2 = $40 and FV = $1,000 [we use 2 since the bond is semi-annual]
Bond Price = PV(3%,2,40,1000)
Bond Price = $1,019.13
Modigliani Bond
Here, Rate = 8%/2 = 4%, Nper = 1*2 = 2, PMT = 1,000*6%*1/2 = 30 and FV = $1,000 [we use 2 since the bond is semi-annual]
Bond Price = PV(4%,2,30,1000)
Bond Price = $981.14
18 Years
Miller Bond
Here, Rate = 6%/2 = 3%, Nper = 1*2 = 2, PMT = 1,000*8%*1/2 = $40 and FV = $1,000 [we use 2 since the bond is semi-annual]
Bond Price = PV(3%,0,40,1000)
Bond Price = $1,000
Modigliani Bond
Here, Rate = 8%/2 = 4%, Nper = 0, PMT = 1,000*6%*1/2 = 30 and FV = $1,000 [we use 2 since the bond is semi-annual]
Bond Price = PV(4%,0,30,1000)
Bond Price = $1,000
In which file can you find the dormant date and location presentation duration and general guideline for the BBA conference and presentation
Answer:
powerpoint.
Explanation:
I WISH ITS CORRECT༼ つ ◕‿◕ ༽つ
The financial manager interacts jointly with many different individuals and departments within the firm. Forecasting and planning, as well as coordination and control, are two of the major areas of responsibility where this interaction takes place.
A. True
B. False
Answer:
A. True
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP). Examples of financial statements includes Balance sheet, cash-flow and income statement.
Managerial accounting also known as cost accounting is an accounting technique focused on identification, measurement, analyzing, interpretation, and communication of financial information to managers for better decisions making and pursuit of the organization's goals.
The financial manager interacts jointly with many different individuals and departments within the firm.
Basically, the two of the major areas of responsibility where this interaction takes place are;
I. Forecasting and planning: this refers to the strategic process of predicting future occurrences with respect to the organization and making plans to mitigate any potential failures or challenges.
II. Coordination and control: it involves the process of managing and controlling the various employees working in an organization, in order to achieve set goals and objectives successfully.
Classify the following topics as relating to microeconomics or macroeconomics.
Topic Microeconomics Macroeconomics
The effect of rent control on the housing market.
The effect of an increase in income tax on national income.
A firm's decision on which production method to use.
The effect of externality on the quantity produced by the market.
A student's decision about how to allocate his time between studying two subjects.
Answer and Explanation:
Microeconomics is the study of the individual regarding the decision related to market demand and supply
While the macroeconomics would deals with the country like gross domestic product, national income etc
Based on this, the classification is as follows:
1. Microeconomics
2. Macroeconomics
3. Microeconomics
4. Microeconomics
5. Microeconomics
For the current year, Power Cords Corp. expected to sell 42,000 industrial power cords. Fixed costs were expected to total $1,650,000; unit sales price was expected to be $3,750; and unit variable costs were budgeted at $2,250. Power Cords Corp.'s margin of safety (MOS) in units is:
A. 40,900.
B. 48,800
C. 39,000.
D. 32,500.
E. 36,100.
Answer:
A. 40,900
Explanation:
Calculation for what Power Cords Corp.'s margin of safety (MOS) in units is:
First step is to calculate the Break-even
Break-even units = $1,650,000/($3,750 - $2,250)
Break-even units= 1,100 units
Now let calculate the margin of safety (MOS) in units
Margin of Safety = 42,000 - 1,100
Margin of Safety= 40,900 units
Therefore Power Cords Corp.'s margin of safety (MOS) in units is:40,900
Suppose you are deciding whether you should go to college. If you go to college, you will pay $10,000 total in tuition, textbooks, and room and board every year for 4 years, with the first payment being made immediately and then the next three payments 1 year apart. Upon graduating, you expect to get a job earning $50,000 per year for the next 40 years. Assume that your first paycheck arrives exactly 1 year after you start working and you continue getting paid annually thereafter. Also assume that there are no raises in that particular field. If you do not go to college, you can start working immediately. The pay, however, is lower. You would expect to work for 44 years and earn $34,000 per year, with your first paycheck arriving exactly 1 year from now, and you continue getting paid annually thereafter. For the questions below, round all numbers to two decimals.
Part 1 Assume the interest rate is 7%. If you were to attend college, the present value of your tuition payments would total _______ $
Part 2 Suppose you go to college and graduate after 4 years. Because you will work for 40 years after you graduate, and because 40 years is a long time, treating the stream of payments as a perpetuity will provide a reasonable approximation of the present value of the payment stream. The present value of your annual earnings of $50,000 as a college graduate is _______$
Part 3 The net present value of going to college is _____$
Part 4 If you do not go to college, you will be working even longer than before. Once again, you may treat the stream of income from your job as a consol or perpetuity. The present value of your annual earnings of $34,000 if you don't go to college is ________$
Answer:
Part 1. If you were to attend college, the present value of your tuition payments would total _______
$33,870.00
Part 2. The present value of your annual earnings of $50,000 as a college graduate is _______
$741,407.10
Part 3 The net present value of going to college is _____
$707,537.10
Part 4. The present value of your annual earnings of $34,000 if you don't go to college is ________
$719,270
Explanation:
a) Data and Calculations:
Annual Tuition, etc = $10,000
Number of college years = 4
Interest rate = 7%
Present Value Annuity Factor = 3.387
PV of $10,000 = $10,000 * 3.387 = $33,870
Annual salary after college in 4 years' time = $50,000
Number of years earning salary = 40 years
Present value annuity factor = 19.434 * 0.763 = 14.828142 (reduced to earnings after 4 years)
PV of $50,000 = $50,000 * 14.828142 = $741,407.10
NPV of going to college = $741,407.10 - $33,870 = $707,537.10
Annual salary without college = $34,000
Number of years earning salary without college = 44 years
Present value annuity factor = 21.155
PV of $34,000 in perpetuity = $34,000 * 21.155 = $719,270
transporting goods by shipping is a low-cost mode of transportation that can carry a wide variety of goods but is very slow. Which of the following would be the best situation to transport the goods by ship.
A. a batch of t-shirts going from a producer in China to a retailer in California who needs to stock the merchandise on shelves next week.
B. a batch of t-shirts going from a producer in China to a retailer in California who won't be stocking the merchandise on shelves for another 2 months.
C. a batch of t-shirts going from a producer in Montana to a retailer in millions who won't be stocking the merchandise on shelves for another two months.
D. a t-shirt going from a retailer in California to a consumer in texas who wants overnight delivery.
Answer:
A
Explanation:
The transporting of the goods and services by the shipping is a low cost by ship as T-shirts going from china to a retailer in California would stock them on shelves for next week. Thus option A is correct.
What is shipping?Shipping is a freight transportation and involves the process of transporting commodities and including the merchandised goods and cargo.
The shipment usually refers to the transport by sea. Now it extends to land and air as well. Shippmnet made by rail includes 2% of the total type of transpration. The D2D refers to the door-to-door shipping that is domestic shipping of cargo.
Find out more information about the shipping.
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The following table describes the production possibilities of two cities in the country of Baseballia:
Pairs of Red Socks per Worker per Hour Pairs of White Socks per Worker per Hour
Boston 3 6
Chicago 5 4
Without trade, the price of a pair of white socks (in terms of red socks) in Boston is_______ of red socks, and in Chicago it is ___________ of red socks. _________has an absolute advantage in the production of red socks, and _________ has an absolute advantage in the production of white socks. ___________has a comparative advantage in the production of red socks, and______ has a comparative advantage in the production of white socks.
If the cities trade with each other, Boston will export _________socks, and Chicago will export _________socks.
The price of white socks can be expressed in terms of red socks. The highest price at which white socks can be traded that would make both cities better off is _________of red socks per pair of white socks, and the lowest price that makes both cities better off is ________of red socks per pair of white socks.
Answer:
All the blanks are filled with explanation below.
Explanation:
Solution:
Let's extract the meaning of data from the data given.
Boston produces 3 red socks per worker per hour and 6 white socks per worker per hour
B = 1 worker = 1 hour = produces 3 pairs Red Socks
B = 1 worker = 1 hour = produces 6 pairs white socks
Boston = whites socks in terms of red socks
6 white socks = 3 red socks
white socks = 3/6 red socks
white socks = 0.5 pairs of red socks.
Chicago = white socks in terms of red socks
4 white socks = 5 red socks
white socks = 5/4 red socks
white socks = 1.25 red socks
C = 1 worker = 1 hour = produces 5 pairs Red socks
C = 1 worker = 1 hour = produces 4 pairs white socks
It means in Boston, we have advantage of producing white socks and in Chicago we have advantage of producing red socks.
Fill in the blanks: (Note: Bold words are blanks filled)
1. The price of pair of white socks (in terms of red socks) in Boston is 0.5 pairs of red socks of red socks, and in Chicago it is 1.25 red socks of red socks.
2.Chicago has an absolute advantage in the production of red socks, and Boston has an absolute advantage in the production of white socks.
3. Chicago has a comparative advantage in the production of red socks, and Boston has a comparative advantage in the production of white socks.
4. If the cities trade with each other, Boston will export white socks, and Chicago will export red socks.
5. The price of white socks can be expressed in terms of red socks. The highest price at which white socks can be traded that would make both cities better off is 1.25 of red socks per pair of white socks, and the lowest price that makes both cities better off is 0.5 of red socks per pair of white socks.
The following information pertains to the Lurkins Company:
Sales price per unit = $300;
Variable cost per unit = $220;
Total fixed costs = $500,000;
Net income = $100,000.
What were unit sales for the company?
Answer: 7500
Explanation:
Let x be the number of units sales for the company.
Total sales = 300x [ Sales price per unit x number of units]
total variable cost = 220x [ Variable cost per unit x number of units]
Total sales - Total variable cost - Total fixed cost = Net income
[tex]\Rightarrow\ 300x-220x-500000=100000\\\\\Rightarrow\ 80x= 600000\\\\\Rightarrow\ x=\dfrac{600000}{80}\\\\\Rightarrow\ x=7500[/tex]
Hence, 7500 units sales for the company.
The demand for toys produced by the Miki Manufacturing Company has been collected in the Microsoft Excel Online file below. Use the Microsoft Excel Online file below to develop simple linear regression forecast and answer the following questions.
Simple Linear Regression Forecast
Period Actual Demand Forecast Formulas
1 1,600 #N/A
2 2,000 #N/A
3 1,800 #N/A
4 1,200 #N/A
5 2,300 #N/A
6 3,600 #N/A
7 3,300 #N/A
8 3,200 #N/A
9 4,000 #N/A
10 4,900 #N/A
11 4,500 #N/A
12 4,400 #N/A
13 #N/A
Intercept #N/A
Slope #N/A
1. What is the trend line? Round your answers to two decimal places. Do not round intermediate calculations.
2. Calculate the linear trend forecast for the periods from 1 to 13. Round your answers to the nearest whole number. Use unrounded intercept and slope values.
Period Forecast
1
2
3
4
5
6
7
8
9
10
11
12
13
Answer:
attached below is the required solution
Explanation:
1) Determine the trend line
The trendline ( Y ) = 319.58x + 989.39 ( attached below is a graph showing the trendline )
2) attached below is the table showing the calculation of Linear trend forecast
Those arguing against being socially responsible might make the claim that costs for social goals are ultimately
higher prices
Mechem Corporation produces and sells a single product. In April, the company sold 1,900 units. Its total sales were $152,000, its total variable expenses were $79,800, and its total fixed expenses were $56,700.
Required:
a. Construct the company's contribution format income statement for April. (Do not round intermediate calculations.)
b. Redo the company's contribution format income statement assuming that the company sells 1,800 units.
Answer:
1. $15,500
2. $11,700
Explanation:
Given the following information,
the company sold 1,900 units
Total sales were $152,000
Total variable expenses were $79,800
Total fixed expenses were $56,700
The structure for Contribution income margin format is seen below;
Income statement:
Sales
- Total Variable cost
= Contribution margin
- Fixed costs
= Net Operating income
1. Income statement
Sales = $152,000
Less Total variable cost = ($79,800)
Contribution margin = $72,200
Less Total Fixed costs = ($56,700)
Net operating income = $15,500
2. Here, we need to calculate the unitary selling price and the unitary variable cost
Selling price = $152,000 ÷ 1,900 units = $80
Unitary Variable cost = $79,800 ÷ 1,900 units = $42
Therefore,
Sales = 1,800 units × $80
$144,000
Less total variable cost = 1,800 units × $42
$75,600
Contribution margin
$68,400
Less total fixed costs
$56,700
Net operating income
$11,700
The demand curve is ?
sloping.
Answer:
u used my post for points so im doing the same
Explanation:
The opportunity to defer investing in a project until a later date may have value primarily because: __________
a. the option to abandon may disappear.
b. investment costs tend to increase over time.
c. market conditions may improve.
d. the cost of capital may increase.
e. project cash flows may be lower in the future.
Answer:
c. market conditions may improve.
Explanation:
Investing in the right time and at the right place is very important. It can help to make money or profit or to loose money.
When a company permanently rejects the opportunity to invest in a project to day may not be a good or a wise decision mainly because the company is foregoing all the possible future options. And so the opportunity to postpone an investment by a company in a project until another time in the future has value as in the future the market condition may improve. And it will be better to invest at that time in the project.