Answer:
Thus, the present value is $2045.52.
Explanation:
Use the below formula to find the present value:
Present value = FV ÷ (1 + r/4)^(n*4)
Present value :
[tex]=\frac{700}{(1 + \frac{0.08}{4} )^{1 \times 4} } + \frac{700}{(1 + \frac{0.08}{4} )^{2 \times 4} } + \frac{0}{(1 + \frac{0.08}{4} )^{3 \times 4} } +\frac{1100}{(1 + \frac{0.08}{4} )^{4 \times 4} } \\ \\= \frac{700}{1.0824}+\frac{700}{1.1716} +0+\frac{1100}{1.3727} \\= 2045.52[/tex]
Thus, the present value is $2045.52.
McBurger, Inc., wants to redesign its kitchens to improve productivity and quality. Three designs, called designs K1, K2, and K3, are under consideration. No matter which design is used, daily production of sandwiches at a typical McBurger restaurant is for 500 sandwiches. A sandwich costs $1.20 to produce. Non-defective sandwiches sell, on the average, for $2.50 per sandwich. Defective sandwiches cannot be sold and are scrapped.
The goal is to choose a design that maximizes the expected profit at a typical restaurant over a 300-day period. Designs K1, K2, and K3 cost $100,000, $130,000, and $150,000, respectively. Under design K1, there is a .80 chance that 90 out of each 100 sandwiches are non-defective and a .20 chance that 70 out of each 100 sandwiches are non-defective. Under design K2, there is a .85 chance that 90 out of each 100 sandwiches are non-defective and a .15 chance that 75 out of each 100 sandwiches are non-defective. Under design K3, there is a .90 chance that 95 out of each 100 sandwiches are non-defective and a .10 chance that 80 out of each 100 sandwiches are non-defective.
The expected profit level of design K1 is $____.
The expected Profit leve of design K2 is___.The expected profit level of design k3 is___.
Answer:
McBurger, Inc.
The expected profit level of design K1 is $_42,500__.
The expected Profit level of design K2 is_19,063__.
The expected profit level of design k3 is_20,625__.
Explanation:
a) Data and Calculations:
Daily production units at a typical McBurger restaurant = 500 sandwiches
Yearly production units =150,000 (500 * 300)
Unit production cost of a sandwich = $1.20
Selling price of non-defective sandwich = $2.50
Design K1 Design K2 Design K3
Calculation of non-defective units:
0.80 * 90/100 * 150,000 108,000
0.20 * 70/100 * 150,000 21,000
0.85 * 90/100 * 150,000 114,750
0.15 * 75/100 * 150,000 16,875
0.90 * 95/100 * 150,000 128,250
0.10 * 80/100 * 150,000 12,000
129,000 131,625 140,250
Sales Revenue $322,500 $329,063 $350,625
Production cost (180,000) (180,000) (180,000)
Cost of design (100,000) (130,000) (150,000)
Expected profit $42,500 $19,063 $20,625
Sales revenue = Non-defective sandwiches * $2.50
Product cost = Production units * $1.20
Expected profit = Sales Revenue - (Product cost + Design cost)
Mary makes 10 pies and 20 cakes a day and her opportunity cost of producing a cake is 2 pies. Tim makes 20 pies and 10 cakes a day and his opportunity cost of producing a cake is 4 pies. If Mary and Tim specialize in the good in which they have a comparative advantage, ______.
Answer:
If Mary and Tim specialize in the good in which they have a comparative advantage, ______.
Mary would specialize in making cakes while Tim would specialize in making pies.
Explanation:
a) Data and Calculations:
Mary's opportunity cost of making a cake = 2 pies
She can make additional 5 (10/2) cakes instead of making pies
This will increase her cakes to 25 a day (20 + 5)
Tim's opportunity cost of making a cake = 4 pies
She can make additional 40 pies (10 * 4) instead of making cakes
This will increase her pies to 60 pies a day (20 + 40)
When they specialize there will be 25 cakes and 60 pies produced in a day instead of 30 cakes and 30 pies.
Explain how mixed costs are related to both fixed and variable costs. A. Mixed costs have a fixed portion that is a cost per unit of cost driver activity. Mixed costs also have a variable portion that is usually a cost per time period. B. Mixed costs are the sum of the fixed and variable costs that are related to equipment costs. These mixed costs are a form of committed costs during the production phase. C. A mixed cost is the sum of fixed costs and the portion of variable costs that are related to salaries and wages. These mixed costs are discretionary costs that easily fluctuate and must therefore be kept separate during a production phase. D. A mixed cost has a fixed portion that is usually a cost per time period. A mixed cost also has a variable portion that is a cost per unit of cost driver activity.
Answer:
D. A mixed cost has a fixed portion that is usually a cost per time period. A mixed cost also has a variable portion that is a cost per unit of cost driver activity.
Explanation:
As we know that
The variable cost is the cost that can change when the level of production increase or decrease
The fixed cost is the cost that remains fixed whether the production level increased or not
ANd, the mixed cost includes some part of the variable cost and some part of the fixed cost
So as per the given options, the option D is correct as the mixed cost involved the fixed portion that could be cost per the time. And, it involved the variable portion i.e cost per unit with respect to the cost driver activity
Lewis and Associates has been in the termite inspection and treatment business for five years. The following is a list of accounts for Lewis on June 30, 2017. It reflects the recurring transactions for the month of June but does not reflect any month-end adjustments:
Cash ………………………………………………. $6,200
Accounts Receivable ………………………………10,400
Prepaid Rent ……………………………………….. 4,400
Chemical Inventory ………………………………....9,400
Equipment …………………………………………..18,200
Accumulated Depreciation ………………………….1,050
Accounts Payable ………………………………….. 1,180
Capital Stock ………………………………………....5,000
Retained Earnings ……………………………….. ...25,370
Treatment Revenue ………………………………....40,600
Wages and Salary Expense ………………………. 22,500
Utilities Expense ………………………………….....1,240
Advertising Expense ……………………………….. 860
The following additional information is available:
a. Lewis rents a warehouse with office space and prepays the annual rent of $4,800 on May 1 of each year.
b. The asset account Equipment represents the cost of treatment equipment, which has an estimated useful life of ten years and an estimated salvage value of $200.
c. Chemical inventory on hand equals $1,300.
d. Wages and salaries owed but unpaid to employees at the end of the month amount to $1,080.
e. Lewis accrues income taxes using an estimated tax rate equal to 30% of the income for the month.
Required:
1. For each of the items of additional information, (a) through (e), identify and analyze the necessary adjustment on June 30, 2017.
2. On the basis of the information you have, does Lewis appear to be a profitable business?
Answer:
Lewis and Associates
1. Identification and Analysis of the items of additional information:
a. Rent Expense $400 Prepaid Rent $400
b. Depreciation Expense $150 Accumulated Depreciation $150
c.Cost of Chemical Used $8,100 Chemical Inventory $8,100
d. Wages and Salary Expense $1,080 Wages and Salary Payable $1,080.
e. Income Tax Expense $1,905 Income Tax Payable $1,905
2. On the basis of the information, Lewis and Associates appears to be a profitable business, making a margin of 11% in after-tax income.
Explanation:
a) Additional Data and Analysis:
a. Rent Expense $400 Prepaid Rent $400
b. Depreciation Expense $150 Accumulated Depreciation $150
c.Cost of Chemical Used $8,100 Chemical Inventory $8,100
d. Wages and Salary Expense $1,080 Wages and Salary Payable $1,080.
e. Income Tax Expense $1,905 Income Tax Payable $1,905
30% of the income for the month.
Income Statement for the Month Ended June 30
Treatment Revenue $40,600
Cost of Treatment Chemical 8,100
Gross profit $32,500
Expenses:
Wages and Salary $23,500
Utilities 1,240
Advertising 860
Depreciation 150
Rent 400
Total expenses $26,150
Income before taxes $6,350
Income taxes 1,905
Net income $4,445
Explain how the GDP and the interest rate are related to the transactions demand and asset demand for money.
Answer:
Transaction demand rises as income or GDp rises and falls as income or DP falls. Also high interest rate causes more to be left as asset, thereby reducing money demand
Explanation:
1. Asset demand for money is money that is kept aside for a person holding it to earn interest on. A high interest rate on money asset reduces the demand for money. This increased rate of interest is the opportunity cost of having money as assets. It has a negative relationship with interest rate of an economy.
2. Transaction money is that which is used for the day to day expenditure. This has a positive relationship with GDP. It increases as income or GDP increases and falls as it falls.
Combining Supply and Demand
Scenario: The following shows a demand and supply schedule listing CDs demanded and supplied in the
millions) per week at each price. Graph each the following demand/supply schedules on one demand graph
and then answer the questions below:.
$6
Shortage/
Surplus
(Qs - Qd)
$5
$4
Price Per Quantity Quantity
Compact Demanded Supplied
Disc (Qd) (Qs)
$6
o
9
$5
2
6
$4
3
5
$3
4
4
$2
6
3
$1
9
0
$3
$2
$1
1
2 3 4 5 6 7 8
9 10 11 12 13 14
Answer:
the answer is $3
Explanation:
what is human resources management?
Answer:
Human resource management is the strategic approach to the effective and efficient management of people in a company or organization such that they help their business gain a competitive advantage. It is designed to maximize employee performance in service.
Deazia is the sole proprietor of Baldwin Hair Salon that reported net income of $44,000 for the year. During the year she withdrew $20,000 from the business for personal use. How much income from the above must Deazia include in her gross income for the year
Answer:
$44,000
Explanation:
Based on the given information we were told that the sole proprietor reported NET INCOME of the amount of $44,000 for the year which means that the amount of income from the above that Deazia must include in her GROSS INCOME for the year will be the reported NET INCOME amount of $44,000.
You have $25,832.81 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account totals $210,000. You expect to earn 10% annually on the account. How many years will it take to reach your goal? Round your answer to two decimal places at the end of the calculations.
Answer: 14 years
Explanation:
The question states that an individual has $25,832.81 in a brokerage account, and plan to deposit an additional $4,000 at the end of every future year until the money in the account totals $210,000 and it's expected to earn 10% annually on the account.
To know the number of years that it'll take to reach the goal, we'll solve this in Excel as:
= =NPER (10%,-4000,-25832.81, 210000).
= 14 years
Therefore, it'll take 14 years to reach the goal.
Straight-Line: Amortization of bond discount LO P2 Skip to question [The following information applies to the questions displayed below.] Legacy issues $640,000 of 8.5%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $570,443 when the market rate is 12%. Problem 14-4A
Required:
1. Prepare the January 1 journal entry to record the bonds' issuance
2. determine the total bond interest expense to be recognized over the bonds' life.
Answer:
Legacy
1. Journal Entry:
January 1:
Debit Cash $570,443
Debit Bonds Discount $69,557
Credit Bonds Payable $640,000
To record the issuance of the bonds at a discount.
2. Total bond interest expense to be recognized over the bonds' life:
= $287,160
Explanation:
a) Data and Calculations:
January 1, 2019
Face value of bonds issued = $640,000
Price of bonds = $570,443
Bonds discount = $69,557 ($640,000 - $570,443)
Coupon interest rate = 8.5%
Market interest rate = 12%
Maturity period = 4 years
Interest payment = semiannual on June 30 and December 31
With straight-line amortization of bonds discount, the semiannual amortization will be = $8,695
Semi-annual interest payment = $27,200 ($640,000 * 4.25%)
Semi-annual interest expense = $35,895 ($27,200 + $8,695)
Annual interest expense = $71,790
1. Transaction Analysis
January 1:
Cash $570,443 Bonds Discount $69,557 Bonds Payable $640,000
2. Total bond interest expense to be recognized over the bonds' life:
= $287,160 ($71,790 * 4) or ($35,895 * 8)
a project has a beta of 1/07, the risk free rate is 2.1% and the market risk premium is 8.4% the projected expected rate o return is
Answer:
11.09%
Explanation:
Correct word is "a project has a beta of 1.07, the risk free rate is 2.1% and the market risk premium is 8.4%.The project expected rate of return is?"
As per CAPM, Expected rate of return = Risk free rate + (Beta*Market risk premium)
Expected rate of return = 2.1% + (1.07*8.4%)
Expected rate of return = 2.1% + 8.99%
Expected rate of return = 11.09%
So, the project expected rate of return is 11.09%.
A registered investment adviser often recommends real estate limited partnership investments to her wealthy clients. The RIA's personal financial statement and income are consistent with those of her wealthy clients, yet she never buys limited partnership units for her personal account. Which statement is TRUE
Answer: Her actions are inconsistent with the advice being given to her clients and this must be disclosed
Explanation:
Since the registered investment adviser often recommends real estate limited partnership investments to her wealthy clients but she never buys limited partnership units for her personal account.
This shows that her actions are inconsistent with the advice being given to her clients and this must be disclosed.
A buyer who accepts goods but notifies the seller the goods are non-conforming a. cannot recover any damages. b. can recover the difference between the goods as promised and as delivered, plus incidental and consequential damages. c. cannot recover incidental damages. d. cannot recover consequential damages.
Answer:
B)can recover the difference between the goods as promised and as delivered, plus incidental and consequential damages.
Explanation:
Nonconfirming goods can be regarded as goods which did not meet specification that is been provided in a contract, in this case A buyer has the entitlement order for rejection of tender of the goods. the acceptance of the nonconfirming goods can also be revoked by the buyer. In a case, whereby a buyer accepts goods but notifies the seller the goods are non-conforming, he/she can recover the difference between the goods as promised and as delivered, plus incidental and consequential damages.
Mesa County contracts with New Construct Inc. to build a courthouse. New Construct hires Odell to excavate the site. Odell’s work damages adjacent properties. Mesa files a suit against the excavator, who argues that the county is not named in his contract with New Construct. Most likely, the court will hold that Odell is:_________
a. not liable because Mesa is not named in Odell’s contract.
b. liable on the ground that Mesa is an incidental third-party beneficiary.
c. liable on the ground that Mesa is an intended third-party beneficiary.
d. not liable because Odell’s contract was with New Construct, not Mesa.
Answer:
c. liable on the ground that Mesa is an intended third-party beneficiary
Explanation:
In a contract, the third-party beneficiary is a business or a person that benefits from the agreement and the terms of the contract that is made between the two other parties. According to law, third-party beneficiary have certain rights which they can enforced if the contract is not fulfilled.
In the context, Mesa is a third party beneficiary. The Mesa County enters into a contract with New Construct Inc. to construct a court house. Now New Construct Inc. again hires the firm Odell to excavate the land site.
While excavating Odell damages few nearby properties, so Mesa County files a law suit against Odell. But Odell argues that Odell is not in agreement with Mesa County or have not entered into with any contract with the County, so Mesa cannot sue the excavator.
But the court hold that as Mesa County is the third party beneficiary of the contract and have certain rights, Odell is held liable for the loss and should compensate for the loss to the County.
Informal peacemaking and mediation are characterized on the continuum as having __________ personal control by disputants, whereas arbitration and litigation have ________ personal control by the disputants.
Answer:
high; low.
Explanation:
A conflict can be defined as any form of disagreement that arises between two or more parties due to opposing views, opinions, or incompatibility.
CALM is a 4-step process for addressing and defusing conflict.
These four step process for conflict resolution or defusing conflicts includes;
I. Clarify (C): this involves finding out more information about what caused the conflict.
II. Ask (A): you should ask the opposing party about the issues while being polite.
III. Listen (L): listen attentively to get more information.
IV. Move forward (M): do not dwell on the past issue after they have been resolved.
Mediation can be defined as an alternative dispute resolution (ADR) approach which involves an impartial and neutral third party who is saddled with the responsibility of proposing a solution to conflict between two or more parties.
Basically, a mediator is a professional trained in conflict or dispute resolution through the use of effective negotiation techniques and communication strategies. Thus, a neutral third party such as a mediator or negotiator from outside an organization or group, who will hear a conflict case via a nonbinding process should be availed the opportunity to make peace between two or more disagreeing parties.
Generally, the disputants (disagreeing parties) generally have a low personal control over an arbitration and litigation while during an informal peacemaking and mediation process, there is a high level of personal control by disputants on the continuum.
The "Danger Zone" is between what temperature range?
Answer:
41-135
Explanation:
Hello, there mate! The answer to this question is 41 - 135. In between these temperatures, bacteria flourishes the most. The ServSafe food guide states that the Danger Zone is 41 - 135 degrees, so you should not cook or store poultry or other foods in these temperatures. When you cook, it should be above 140, and when you freeze, it should be below 41. I hope I helped.
An investment offers $5,800 per year for 20 years, with the first payment occurring one year from now. a. If the required return is 7 percent, what is the value of the investment today
Answer:
Present value of the investment= $61,445.28
Explanation:
Giving the following information:
Annual payment= $5,800
Number of periods= 20 years
Interest rate= 7%
First, we need to calculate the future value of the investment:
FV= {A*[(1+i)^n-1]}/i
A= annual payment
FV= {5,800*[(1.07^20) - 1]} / 0.07
FV= $237,773.86
Now, the present value:
PV= FV / (1 + i)^n
PV= 237,773.86 / (1.07^20)
PV= $61,445.28
Vaughn Manufacturing incurred the following costs for 84000 units: Variable costs $504000 Fixed costs 392000 Vaughn has received a special order from a foreign company for 2500 units. There is sufficient capacity to fill the order without jeopardizing regular sales. Filling the order will require spending an additional $4500 for shipping. If Vaughn wants to earn $5000 on the order, what should the unit price be?
Answer: $9.80
Explanation:
The unit price to earn $5000 on the order will be calculated thus:
The variable costs for 2500 units will be:
= 504000/84000 × 2500
= 15000
The unit price will now be:
= (15000+4500+5000) / 2500
= 24500 / 2500
= $9.80
The unit price is $9.80
Which functions do investment companies perform for their investors? Check all that apply: Asset management Diversification and divisibility Investment advice Lower transaction costs Record keeping
Answer: All of the above
Explanation:
Investment companies such as mutual and closed end funds work to increase the investments of investors by providing superior asset management services. By investing in many different sectors, they give the investors diversification and divisibility benefits which reduce risk to the investor.
Because these investment companies invest for a lot of people, they are able to buy in bulk which lowers transaction costs per investor. They also have to keep records of all these transactions so they provide the benefit of record keeping as well.
The functions that can be attributed to investment companies to their investors are;
Asset management Diversification divisibility Investment advice Lower transaction costs Record keepinginvestment companies are those companies that are responsible management Diversification and divisibility Investment advice to their clients.
Therefore, all the provided options are correct.
Learn more about investment companies at;
https://brainly.com/question/11834742
During February, $75,150 was paid to creditors on account, and purchases on account were $96,190. Assuming the February 28 balance of Accounts Payable was $32,310, determine the account balance on February 1.
Answer:
$45,000
Explanation:
Given the above information, the account balance on February 1 is computed below;
Balance of account payable Feb 28 + Cash paid to creditors in February - Purchases on account
= $59,900 + $186,500 - $201,400
= $45,000
Therefore, the account balance on February 1 is $45,000
what is the positive impact of Commerce subject on our society?
Answer:
E-commerce facilitates the fundamental movement of goods from suppliers to customers. They offer an ideal commerce development to do digital business and improve the global presence. E-commerce has altered the workflow of the business
During 2021, Blossom Co. incurred the following costs: Testing in search for process alternatives $390000 Costs of marketing research for new product 260000 Modification of the formulation of a process 570000 Research and development services performed by Crane Corp. for Blossom 485000 In Blossom's 2021 income statement, research and development expense should be
Answer:
See below
Explanation:
Given the above information, our concern when calculating amount of research and development costs charged to Blossom corp. for 2021 should be the period cost. This means costs that are incurred in the period under review. I.e 2021.
= Testing in search for process alternative + Cost of marketing research + Modification of formulation of a process + Consulting fees
= $390,000 + $260,000 + $570,000 + $485,000
= $1,705,000
Therefore, Blossom's 2021 income statement , research and development expense should be $1,705,000.
impact of collusion in terms of output and price on consumers and producers
Answer: See explanation
Explanation:
Collusion refers to the agreements among the sellers of a particular product to either fix or increase the price and also reduce output. The main idea behind this is to increase profits and also reduce the competitiveness in such market.
Collusion can bring about high prices for the consumers and this ultimately leads to the reduction in the consumer surplus. Also, the new firms that want to enter the market may discouraged since the collusion can be an entry barrier.
Suppose that you are conducting market research at a regional mall in your city. The survey you are administering contains some relatively personal questions that some consumers might be reluctant to answer. As a result, you decide to select passers-by whom you believe are most likely to agree to answer your questions. Such an approach helps to ensure that all surveys will be completed and that questions will be answered in an unbiased manner. Nonetheless, it may come with a cost. Of the following statements, which is not a potential problem associated with this approach?
a. It might unexpectedly impact the "representativeness" of the sample.
b. All the answer options are potential problems.
c. It is likely to decrease the response rate.
d. It violates the underlying principles inherent in "probability sampling" techniques.
e. It could negatively influence the validity of the research study.
Answer: b. All the answer options are potential problems.
Explanation:
In other to get a truly unbiased result from surveys, the sample chosen should be completely random. This method is not random as the people being chosen are selected which means that the basic underlying principle of probability sampling of randomness is violated.
The representativeness of the sample might also be affected if only a certain type of people look like they will answer which means that only they will be represented in the sample. These problems have a strong chance of influencing the research in a negative way as the research may be biased.
And of course the response rate will likely be lower as only a certain type of people are being looked for and they might not number much.
One of the advantages of work group cohesiveness is: the absence of conflict with other work groups formalized group norms reduced employee turnover the absence of resistance to change groupthink
Answer:
reduced employee turnover
Explanation:
Group cohesiveness occurs at the time when the bonds between the social group members to one another or the overall group are linked with each other. It can be in social relations, emotions, task relations, etc forms
Its advantage is that it decreased the turnover of the employees .Here the objective to accomplish the goal as a group rather than an individual
Therefore the above represent the answer
Vaughn Company has the following equivalent units for July: materials 15340 and conversion 17700. Production cost data are: Materials Conversion Work in process, July 1 $ 8700 $ 3100 Costs added in July 68000 50000 The unit production costs for July are: Materials Conversion Costs
Answer:
Vaughn Company
The unit production costs for July are:
Materials Conversion
Cost per equivalent unit $5 $3
Explanation:
a) Data and Calculations:
Materials Conversion
Beginning WIP $ 8,700 $ 3,100
Costs added in July 68,000 50,000
Total production costs $76,700 $53,100
Equivalent units for July 15,340 17,700
Cost per equivalent unit $5 $3
b) The materials and conversion costs per equivalent unit are the dividends resulting from the division of the total production costs for materials and conversion by their respective total equivalent units of production.
Can you order with a Nike gift card online?
Answer:
ok call 911 hahaha thanks for the points
Barbara's Baskets Company expects to manufacture and sell 30,000 baskets in 2019 for $5 each. There are 4,000 baskets in beginning finished goods inventory with target ending inventory of 9,000 baskets. The company keeps no work-in-process inventory. What amount of sales revenue will be reported on the 2019 budgeted income statement
Answer:
Sales revenue= $150,000
Explanation:
Giving the following information:
Barbara's Baskets Company expects to manufacture and sell 30,000 baskets in 2019 for $5 each.
The sales revenue is calculated as follow:
Sales revenue= number of units sold*selling price per unit
Sales revenue= 30,000*5
Sales revenue= $150,000
An economic transaction in which one party trades a good or service for another good or services is called barter. comparative advantage. absolute advantage. a production possibility.
Answer:
barter
Explanation:
Barter can be regarded as act of trading goods/services involving two or more parties whereby a party provide a goods/services in return for goo/service provided to him/her by another party. It involves system of exchange without using money which means no monetary medium involve. It should be noted that An economic transaction in which one party trades a good or service for another good or services is called barter
A constant return of scale indicates that a firm is producing its ______ at a ______ ATC, which also shows that the firm is _______.
Answer:
The question is incomplete, the options are missing. The options are the following:
A) input, constant, lack of competitiveness
B) output, lower, doing well
C) output, constant, doing well
D) output, higher, doing well
E) input, lower, lack of competitiveness
And the correct answer is the option C: output, constant, doing well.
Explanation:
To begin with, in the microeconomics theory when it comes to the term of "constant return of scale" it refers to the situation in where a company is producing its output at a constant average total cost indicating that is doing well due to the fact that the costs are still covered by the earings that the company is having so that means that it could still keep on working for the next period. The term of return of scale focus on the changes donde in the inputs and how that affects the outputs and the earning regarding that base.