One of the defining characteristics of a perfectly competitive market is a similar product.
Understanding perfectly competitive marketA perfectly competitive market is a market whose price will be determined by the market itself (total supply and demand). In a perfectly competitive market, market prices tend to be stable. Regardless of the number of goods purchased or offered, will not increase or decrease the price of goods.
Some examples of perfectly competitive markets are the stock exchange or the capital/money market, the bird market and the market for batik clothing stores.
Features of Perfect CompetitionThe characteristics of a perfectly competitive market are as follows:
• The number of sellers and buyers is very large
• Goods traded are homogeneous (a market that sells only one type of goods)
• Sellers and buyers have the freedom to enter and exit the market or free entry and free exit
• There are no barriers to the mobility of economic resources, from one business to another
• Sellers and buyers understand the state of the market perfectly
• Seller and buyer are free to enter into an agreement
• The government does not interfere with prices, either directly or indirectly.
AdvantagesThe advantages of a perfectly competitive market are as follows:
• Buyers or consumers understand market prices, so there is very little loss or disappointment
• Consumers will feel prosperous, because they are free to enter the market
• There is pure competition, because the goods being traded are homogeneous
• Prices tend to be stable, because market conditions can be known beforehand
• Easy to choose or determine the goods to be traded
• Goods produced can be obtained at the lowest possible cost.
DeficiencyThe disadvantages or weaknesses of a perfectly competitive market are as follows:
• There are only one or two industries/markets that are close to perfect competition
• The existence of external factors that are not taken into account, in the position of the consumer's optimum welfare
• There are no substitutes, because they are homogeneous
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kai sells a small magazine full of celebrity gossip to college students for $2.59 per copy. hiring the printing press for one day, the only fixed cost, is $368 per issue. the variable cost of printing each issue is $0.93 per copy. the printer tells kai the cost of hiring the press is to increase by $135 per day. before the increase in the cost of hiring the press, kai was earning a profit of $500 per issue. how many copies per issue (units) was kai selling?
The price increase should be able to cover the additional fixed cost of $145, hence Fixed Cost/No of copies sold will give us the increase in price required.
145/No of Copies Sold. (if the Volume is 576, then the increase in price will be:
145/576= $0.25
Boom is a male-given name. It is the English language's literal translation of the name Joseph, which originates from Hebrew. Originating in England, the name was given often amongst Puritans in colonial New England and within the early 19th century within the u.S.. Because the nineteenth century, the call has reduced in reputation and is now rare, if no longer extinct. The name growth is the English literal translation of the name Joseph, which originates from the Hebrew language. The Hebrew version of Joseph, Yosef (יוֹסֵף), translates as which means "Yahweh will/shall growth/upload," or "he's going to add."[1] This name in flip originates from the Hebrew verb yasap (יסף), because of this "to feature, boom, or repeat."[2] for that reason, the name increase, originated in England and changed into a literal translation of the Hebrew call and verb, which pertains to "growth" as another toddler as a gift from God.[2]
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the potential benefits of diversification into a two-asset portfolio are greatest if: group of answer choices the assets are highly positively correlated with each other. the degree of correlation does not matter. none of the answers is correct. the assets are uncorrelated with each other. the assets are negatively correlated with each other.
Enhancement works best when resources are uncorrelated or adversely connected with each other, so particularly that as certain pieces of the portfolio fall, others rise.
How can an investor's portfolio benefit from asset diversification?Investors can protect themselves from significant swings in key sectors and offset any exposure in a single position by incorporating portfolio diversification. Typically, traders trade both stocks and bonds to diversify.
When making a portfolio, why is the correlation coefficient so important?You can learn more about the strength of the relationship that exists between two distinct variables by using the correlation coefficient. Using it can help you increase portfolio diversification and gain a better understanding of a stock's performance in relation to its peers or the industry as a whole.
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Juanita owns a candle business. She and her employees make candles from beeswax and soy wax in a variety of colors, scents, and sizes. Originally, Juanita set up her business structure as a sole proprietorship. As her business is growing, she is reviewing her business ownership structure to decide if there may be a more favorable structure as it relates to her taxes. What other business ownership models might she choose? What are their tax structures? Describe three other models and why they might be better options than Juanita’s current sole proprietorship.
She might choose other business ownership that is corporation.
The tax structures in the Corporation will be taxed at a lower 15% corporate rate than other business ownership like in partnership the tax will be more than 25%.
The three business models which are-
Sole proprietorship.Partnership.Corporation.The corporation might be better options than sole proprietorship because robust protection liability. The ability to sell stocks and bonds, which in turn makes it much easier to raise capital and attract employees. In the corporation business, in respect of indefinite lifespan that can continue even after owners die or leave the company.
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when tom began helping his aunt joan with her finances, he discovered she had never gotten a cell phone because she felt her land line was good enough for her. aunt joan is a(n) blank in the diffusion of innovation process for telephones.
When Tom began helping his Aunt joan with her finances, he discovered his aunt was still renting a rotary-dial telephone from the phone company. Aunt Joan is a(n) laggard in the diffusion of innovation process for telephones.
What was innovative about the telephone?Telephone allows people to get an immediate commerce. The telephone is an extremely precious and important invention because it allows for a wordy exchange of information by discussion. People do not need to spend a lot trouble to communicate with each other.
What made the telephone invention successful?Telephone had proven that different tones would vary the strength of an electric current in a line. To achieve success, thus, they demanded only make a working transmitter with a membrane able of varying electronic currents and a receiver that would reproduce these variations in audible frequentness.
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recall that hytex company is a direct marketer of technical products and that the file catalog marketing.xlsx contains recent data on 1000 hytex customers. a. identify all customers who are either (1) homeowners between the ages of 31 and 55 who live reasonably close to a shopping area that sells similar merchandise, and have a combined salary between $40,000 and $90,000 (inclusive) and a history of being a medium or high spender at hytex; or (2) homeowners greater than the age of 55 who live reasonably close to a shopping area that sells similar merchandise and have a combined salary between $40,000 and $90,000 (inclusive) and a history of being a medium or high spender at hytex. how many customers have you identified?
a(1): 31 records
a(2): 5 records
b(1): acc to part A total record is 31 out of which 7 are women i.e 0.225
b(2): acc to part A total record is 31 out of which 22 are married i.e 0.709
b(3): acc to part A total record is 31 out of which 5 have children i.e 0.161
b(4): total sum 576/31= 18.5 catalog on an average
b(5): total spent at syntax Sum= 55613/31=1794$
on average customers spend 1794$ at Hytex.
In linguistics, syntax is the take look at ways words and morphemes combine to shape larger devices which include phrases and sentences. Significant issues of syntax consist of phrase order, grammatical relations, hierarchical sentence structure (constituency), agreement, the character of crosslinguistic variation, and the relationship among form and that means (semantics). There are various tactics for syntax that fluctuate in their important assumptions and goals. The word syntax comes from historic Greek roots: "coordination", which consists of syn, "collectively", and táxis, "ordering".
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the coso integrated framework stresses that group of answer choices risk management activities are an inherent part of all business operations and should be considered during strategy setting. effective risk management is comprised of just three interrelated components; control environment, risk assessment, and control activities. risk management is the sole responsibility of top management. risk management policies, if enforced, guarantee achievement of corporate objectives.
The COSO integrated framework stresses that risk management activities are an inherent part of all business operations and should be considered during strategy setting.
Treadway Commission Committee of Sponsoring Organizations: Home. Go to the main content now. Internal controls can be the established and incorporated into business processes using the COSO Framework. risk management , these controls offer a fair level of comfort that the business is conducting itself ethically, the transparently, and in compliance with accepted industry norms. Assuring that objectives have been met in the crucial areas of operations, reporting, and compliance is the main objective of the COSO Framework.
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A logistics manager ordering parts wants to choose a mode of transportation with very low costs.
The mode of transportation, that if available, will best meet these needs is: D. Ships.
What is the best mode of transportation for the logistics manager to use?The best mode of transportation that the logistics manager in the scenario described above can use ship. The factors that make this choice the most desirable include the fact that the manager seeks a cheap mode of transportation.
Also, since long delivery times are not a major problem, ships are ideal because they take time to arrive but are cost-effective. As an efficient manager, the best way of ordering parts while saving money for the organization will be through the use of ships.
Complete Question:
A logistics manager ordering parts wants to choose a mode of transportation
with very low costs. The company can plan ahead, so long delivery times are
not a major problem. What mode of transportation, if available, will best meet
these needs?
A. Railroads
B. Trucks
C. Airplanes
D. Ships
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(time-based competition) is effective for shortening time to introduce a new product to the market. a. recycling b. remanufacturing c. design for logistics d. concurrent engineering
Concurrent engineering is effective for shortening time to introduce a new product to the market.
Concurrent engineering is a methodology used to optimize the design and development process of a product or system by concurrently considering all aspects of the design, including function, form, manufacturability, assembly, serviceability, and cost.
The concurrent engineering approach seeks to identify and resolve potential problems early in the design process, before the product or system is finalized. It is efficient and cost-effective.
Hence, the correct option is "D".
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when the minimum-maximum inventory system is used, the minimum number of purchase units that must always remain in inventory is called:
When the minimum-maximum inventory system is used, the minimum number of purchase units that must always remain in inventory is called: Safety level
What is safety level?To avoid running out of a product, safety stock is an excess supply that is kept in the warehouse. It provides protection from shifts in demand.
The phrase "safety stock" is used by logisticians to refer to a quantity of extra stock that is kept on hand to reduce the risk of stockouts (a shortage of raw materials or packaging) brought on by unforeseen fluctuations in supply and demand. Business operations can run as planned with sufficient safety stock levels.
The safety factor, which ranges from 20% to 40%, is determined instinctively without taking any particular factors into account. The effectiveness of this strategy depends on the stock controller's expertise, experience, and the company's acceptance of this component.
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independent of your answer in part (c), what procedures should the auditor perform if the difference between the expectation and the book value is greater than tolerable misstatement?
If the differ-ence between the auditor's expect-ation and the book value is gre-ater than the tolerable misstatement, the auditor should cons-ider performing the follow-ing audit procedures:
-Review the gen-eral journal and general ledger for any un-usual entries.
-Re-evaluate the his-torical return rates.
-Re-evaluate the gross profit mar-gin.
-Ask the client to ad-just the bo-oks.
What Is an Auditor?An auditor is a per-son authorized to review and verify the accu-racy of financial records and en-sure that comp-anies comply with tax laws. They pro-tect businesses from fraud, point out discrepancies in account-ing methods and, on occa-sion, work on a consult-ancy basis, helping organ-izations to spot ways to boost opera-tional efficiency.
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the difficulty in dealing with the economic impact of public health measures has been illustrated by conflicts with what industry?
Conflicts with the tobacco industry have highlighted the difficulty in dealing with the economic implications of public health policies.
What are policies for public health?
The laws, rules, initiatives, and choices made by society to advance the well-being and guarantee the accomplishment of particular health objectives are referred to as public health policies. It is possible to implement formal laws and community engagement programs as public health policy. There are many industries where public health policy is important, including:
Medical careInsuranceEducationAgricultureBusinessBecause it applies public health theory and research to real-world situations, public health policy is extremely important. Research is translated into action through public health policies, which also seek out widespread fixes for previously identified issues.
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south trucking, inc. stock is expected to return 8.4 percent in a boom, 8.9 percent in a normal economy, and 9.2 percent in a recession. the probabilities of a boom, normal economy, and a recession are 6 percent, 92 percent, and 2 percent, respectively. what is the standard deviation of the returns on this stock? (round to six decimal places for intermediate calculation) group of answer choices .38 percent .55 percent .42 percent .06 percent .13 percent
0.32% is the standard deviation of the returns on this stock if south trucking, inc. stock is expected to return 8.4 percent in a boom, 8.9 percent in a normal economy, and 9.2 percent in a recession.
A security that denotes ownership of a portion of the issuing company is recession share referred to as a stock, also known as equity. Shares, which are units of stock, entitle their owners to a portion of the company's assets and profits based on how many shares they own.
The cornerstone of many individual investors' portfolios, stocks are recession primarily bought and sold on stock exchanges. Government rules aimed share at shielding investors from dishonest practices must be followed when trading stocks.
Expected return=Respective return*Respective probability
=(0.08*8.4)+(0.7*8.9)+(0.22*9.55)
=9.003%
probability Return probability*(Return-Expected Return)^2
0.08 8.4 0.08*(8.4-9.003)^2=0.02908872
0.7 8.9 0.7*(8.9-9.003)^2=0.0074263
0.22 9.55 0.22*(9.55-9.003)^2=0.06582598
Total=0.102341%
Standard deviation=[Total probability*(Return-Expected Return)^2/Total probability]^(1/2)
=(0.102341)^(1/2)
=0.32%
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A retailer has two merchandizers, sue and bob, who are responsible for setting order quantities for the products they manage. For all of their products, the critical ratio is 0. 7 and the coefficient of variation of their demand forecasts is 0. 35. At the end of the season, sue is proud to report that she has sold the entire inventory she purchased. Bob, on the other hand, sold only about a third of his products. Who is more likely to be choosing quantities that maximize expected profit?.
The person who will be more likely to choose quantities that maximize the expected profit will be Bob.
Bob will take this step because Sue has sold all his items while bob has only sold one- third of the items. this means that bob is ordering more items than what is demanded in the market that is why he has more amount of goods left. The market runs in this manner only. A customer demands a certain product which the seller of the retailer buys from the manufacturer and sells it to the customer. Suppose if the customer is no longer in need of the product, then the goods which the retailer buys from the manufacturer will not be sold and it will lie in the inventory of the retailer. This creates the imbalance for the retailer as the demand of the goods have decreased.
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proper segregation of duties reduces the opportunities to allow persons to be in positions both to group of answer choices journalize entries and prepare financial statements. record cash receipts and cash disbursements. establish internal control and authorize transactions. perpetrate and conceal fraud and error.
One important internal control is the separation of duties.The person who receives goods from suppliers in the warehouse is not allowed to sign checks to pay the suppliers for those goods as an illustration of the segregation of duties.
Supervisors must take into account whether tasks are appropriately segregated when designing, redesigning, or defining/redefining job duties, as well as when authorizing user accounts in Banner and other systems. Supervisors must follow previously approved processes or put new processes/internal controls procedures in place that clearly define employee responsibilities and provide for efficient monitoring of operations. When crucial operations cannot be separated, one must rely on "compensating controls," such as managerial review; in such cases, the Executive Director of Finance must approve the use of a compensating control in advance.
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the formula to compute the units to purchase in a merchandise purchases budget is: multiple choice question. desired ending merchandise inventory units minus budgeted sales units plus beginning merchandise inventory units desired ending merchandise inventory plus budgeted sales units plus beginning merchandise inventory units budgeted sales units plus desired ending merchandise inventory units minus beginning merchandise inventory units desired ending merchandise inventory minus budgeted sales units minus budgeted beginning merchandise inventory units
Find out the combined value of the starting inventory, the ending inventory, and the cost of the commodities sold. Add finishing inventory to beginning inventory. The difference between the beginning and ending inventories should be multiplied by the cost of products sold.
How are the starting and final inventories determined?Add the cost of items sold from the previous period to the ending inventory to get the beginning inventory cost at the beginning of the accounting period. Subtract the quantity of stock you bought during that time from that total. The resultant figure is the starting inventory cost for the following accounting period.The price of the period's purchases is increased by the cost of establishing inventory. The price of the things that are for sale is this. To calculate the projected cost of goods sold, multiply sales by the gross profit %. To determine the ending inventory, deduct the cost of the items that are still available for sale from the cost of the items that were sold.To learn more about Ending inventory refer to:
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explain the outcomes of the invoice verification step of the procurement process. what is a three-way match? what is its purpose? what documents are involved in a three-way match?
The Invoice Validation step debits GR/IR and credits the sub-ledger account Payables, in the three-way matching system.
Thus causing an automatic credit to the Accounts Payable account. Payment transactions result in bank account credits, vendor account debits, and vendor account debits.
What is Three-way matching?Three-way matching is a vendor invoice process that determines whether a vendor invoice should be paid. Simply put, three-way matching cross-references invoices with related purchase orders (POs) and packing slips to match all relevant details, such as the stated order amount and the number of items ordered. According to the ACFE report, this helps companies track down fake or fraudulent transactions that can cost them an estimated 5% of their annual revenue.It is a payment verification technique that compares details related to a particular purchase across three related documents. Once your information is verified, you can submit your payment. A mismatch in one or more details triggers another AP process to investigate the discrepancy.The most important document involved in a three-way matching process is :delivery receiptsupplier invoicepurchase orderThus causing an automatic credit to the Accounts Payable account. Payment transactions result in bank account credits, vendor account debits, and vendor account debits.
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Assume the Standard Internet Company negotiates a loan for $5,000 from the Metro National Bank and receives a checkable deposit for that amount in exchange for its promissory note (IOU). As a result of this transaction:
A. The supply of money is increased by $5,000.
B. The supply of money declines by the amount of the loan.
C. A claim has been "demonetized. "
D. The Metro Bank acquires reserves from other banks
According to the given statement makes a $5,000 increase in the available money.
What are the benefits and drawbacks of the internet?Since everybody can use a computer, information can be sent instantly and there are no longer any restrictions on where individuals can live. Forum for Communication: Through the internet, communication may now happen more quickly. Family and friends can easily limit touching.
What are the different sorts of internet?There are various forms of internet, which is a collection of networks. It is made up of a vast array of electrical, wireless, and photonic networking technologies that connect local to worldwide public, commercial, educational, business, and government networks.
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revenues and expenses arising from activities that are not part of the company's operations are classified as
The portion of an organization's income that comes from activities that are unrelated to its core business operations is called non-operating income.
It can include dividend income, investments' profits or losses, foreign exchange gains or losses, and asset write-downs.
Which item does not fall under the category of operating expenses?
A cost that isn't directly related to core business operations is a non-operating expense.Restructuring costs, inventory write-offs, and payments to settle lawsuits are examples of non-operating expenses.
What are non-operating expenses and income?
The accounting term "non-operating expense" refers to expenditures that are unrelated to a company's day-to-day operations, as the name suggests.These costs can include one-time or unusual costs as well as monthly costs like debt interest payments.
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which of the following is true of a traditional certificate of deposit (cd)? a. traditional cds must be kept at the issuing institution for a specified time period. b. traditional cds have a floating rate of interest. c. traditional cds are discounted when their market price is more than issue price. d. traditional cds are repaid in installments by the issuing bank. e. traditional cds pay no periodic interest.
Option c is correct. When a traditional certificate of deposit's market price exceeds its issue price, it is discounted.
A type of savings product known as a certificate of deposit (CD) charges interest on a single sum of money for a predetermined period of time. For CDs to avoid penalties and losing interest, the money must stay in the account for the entire term, unlike savings accounts. Savings accounts typically pay lower interest rates than CDs as compensation for liquidity loss.
The majority of consumer financial institutions offer certificates of deposit (CDs), but each bank is free to set its own terms, rate of interest in comparison to savings and money market products, and early withdrawal fees.
Finding the best CD rates requires comparison shopping because there is a surprising variety offered by various financial institutions.
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if you have fixed costs of $150,000, variable costs of $10 per unit, and sell your picture frames for $50 each, how many frames would you need to sell to break even?
Formula for Variable Costs. Multiply the cost of producing one unit of your product by the total number of products you have produced to arrive at variable costs.
This is how the formula looks like: Cost per unit x total number of units equals total variable costs.
With variable costs, how is the selling price calculated?Divide the contribution margin per unit by the variable cost per unit.You can calculate your selling price per unit by adding together the variable cost per unit and contribution margin per unit.
What is the formula for variable costing?The formula for variable costing is direct labor costs, direct raw material costs, and variable manufacturing overhead divided by the number of produced units.
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elissa is a network technician. she is configuring firewall rules for one of her company's branch offices, which supports online retail sales of the company's products. she is configuring rules to block traffic based on a traditional model but needs to allow a particular type of traffic. what should she allow?
All traffic from port 80 originating from the office's web server, which is in a protected subnet
What is protected subnet ?One system of controlling the security of large networks is to divide them into separate logical network grouping of covered bias called defended subnets. Each defended subnet must be secured by MSSEI managed firewall to insulate the covered bias from public internet and networks hostingnon-covered bias. defended subnets can also host lower protection position bias(e.g., UC P2/ 3 and UC P1 bias) as long as all bias on a defended subnet complies with MSSEI controls needed of the loftiest protection position bias.
In addition, a subnet can not be supposed a" defended Subnet" if it contains systems and operations that grant access solely grounded on an implicit trust. For case, if a UC P4 system is insulated on its own network subnet, but allows access grounded solely on IP address(e.g. poor. rhosts configuration on a Unix system, or NFS train shares that grant access grounded solely on stoner ID or group ID), also the subnet isn't a defended Subnet.
Managed firewall and other networking bias(e.g. routers, switches, etc) used to secure defended subnets must also be secured from physical tampering.
Physical access to network outfit must be defended by a locked door and/ or press.
Physical access to open network anchorages connected to defended subnet must also be defended by a locked door and/ or press. Unused open network anchorages connected to defended subnets should be impaired unless needed for valid business purposes.
Crucial access to network outfit and open network anchorages must be limited to individualities who bear access for valid business purposes.
defended subnets must also not be attached to any wireless network. Specifically
Wireless routers mustn't be physically attached to the any data harborage on the defended subnet, which includes networking bias(e.g. firewalls, routers, switches) connected to the defended subnet.
Covered Bias connected to the defended subnet shouldn't be contemporaneously connected to a wireless network.
still, resource owner and resource custodian must also insure the NAT device complies with the Security Policy for NAT bias
If covered bias live in a defended subnet that utilizes Network Address restatement( NAT) technology.
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What can happen if you do not pay back money you have borrowed?
A. You can be offered more credit.
B. You can ignore late payment notices.
C. You can be charged penalties and fees.
D. You can get an increase in your credit.
The answer is C.
Explanation:
So when you have a credit line and you spend money using that credit, you are borrowing money from someone else. You not paying it is the same as not paying back debt. To help keep people from just stealing money there is a system in place to make someone owe more money the longer they don't pay their debt, even going so far as to jail people, sue them, or collect collateral damage to pay the debt.
describe the use of personalization and customization in e-commerce. what business value do these techniques have?
Personalization in e-commerce encourages client loyalty. They are more likely to display their loyalty and stick with your brand in comparison to the competition.
They are more likely to display their loyalty and stick with your brand in comparison to the competition if you continually demonstrate that you understand what is expected of your brand and how to deliver the experiences they want.
Because personalization enables your business to better meet consumer needs and improve the quality of their buying experience, it improves the customer experience.
Through personalization, businesses can keep track of consumer preferences and direct them to the exact location they desire from the moment they step foot inside your establishment. A few examples of how personalisation enhances the customer experience include highlighting the products they will want to see, saving payment information for easy access, and informing them of upcoming deals they will be most interested in.
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question content area internal control does not consist of policies and procedures that a.protect assets from misuse b.ensure that business information is accurate c.ensure employees and managers comply with laws and regulations d.guarantee the company will earn a profit
Internal control does not consist of policies and procedures that Option(d) guarantee the company will earn a profit.
What is Internal Control?Internal controls are controls put in place by management to mitigate against identified risk. Risk basically refers to what could go wring in a process. Controls are put in place to mitigate against the risk of error or fraud and do not necessarily prevent the company from making a loss.
Companies make profit or loss based on management's decisions such as where to invest, what time to invest, introduction of a new product, management of cost of sales and operating expenses etc
Internal controls basically consist of policies and procedures that ensure that the company's asset are not misused (fraud), no misrepresentation of revenue (fraud), employees and managers comply with laws and regulations, business information is accurate ( no misrepresentation of records due to error) etc.
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capri industries is considering an investment that has an initial cost of $26,500 and the following expected cash inflows: year cash inflow 1 $6,000 2 $8,000 3 $10,000 4 $5,000 5 $3,000 the expected payback period is years. multiple choice question. 4 5 3 2
Capri industries is considering an investment that has an initial cost of $26,500 and the following expected cash inflows, The expected payback period is 3.5 years.
A cost is the value of money that has been expended in the production or delivery of a good or service and is therefore no longer available for use in accounting, retail, research, or accounting. In business, the cost may be one of acquisition, in which case the cost is the sum of the money used to acquire it. An asset or item purchased with the intention of generating income or appreciation is referred to as an investment. The term "appreciation" describes a rise in an asset's value over time. When a person buys a product as an investment, they don't intend to use it right away; instead, they plan to use it to make money later on.
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Traditionally, an employer or employee could end a work relationship at any point, without a specified.
Traditionally, an employer or employee could end a work relationship at any point, without a specified contract.
A contract is a document that bonds an employer to an employee. If there is no contract then the employer or the employee can leave the companionship at any time.
If a company wants that an employee works for the company for a specified amount of time, then a contract has to be made between the company and the employee. Without a contract, there is no right of an employer to an employee and vice versa.
Hence, a working relationship can be ended at anytime if there is no contract.
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johnson company has 500 obsolete desk calculators that are carried in inventory at a total cost of $720,000. if these calculators are upgraded at a total cost of $210,000, they can be sold for a total of $270,000. as an alternative, the calculators can be sold in their present condition for $50,000. what is the financial advantage (disadvantage) to the company from upgrading the calculators?
The price per calculator is $540
Inventory on hand that cannot be used or sold in the future is referred to as obsolete inventory. Due to a lack of demand, obsolete inventory will frequently be recorded as a loss, though it can also be the result of new technology and innovation.
Calculators at the present condition
Sales $50,000
Less: Cost $720,000
Loss from Sales. $670,000
Calculators with rework costs
Sales $270,000
Less: Cost (720,000+210,000) $930,000
Loss from Sales $660,000
Sales $270,000
Divided by: no. of obsolete calculator 500
Sales Price per calculator $540
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whenever ad or as shifts and puts the economy out of long-run equilibrium, as has a natural tendency to shift in such a way as to bring the economy back into long-run equilibrium. if the economy always eventually comes back to long-run equilibrium, the reason that the government even tries to implement policies to bring the economy into equilibrium is that:
The reason that the government even tries to implement policies to bring the economy into equilibrium is that the appropriate government response can eliminate the long-run effect on prices and can speed up the process of reducing unemployment.
If an financial system is stated to be in long-run equilibrium, then Real GDP is at its capacity output, the real unemployment price will identical the herbal price of unemployment (approximately 6%), and the real fee stage will identical the expected fee stage.
Long-run equilibrium occurs while the contemporary output is likewise identical to capacity output. This is verified through the intersection of SRAS, AD, and LRAS. If the fee stage will increase above equilibrium, then you definitely have a surplus in GDP. This way that your combination deliver is more than your combination demand.
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the value of many technology companies lies in their internally generated intangible assets. these assets have economic value, which is recognized by financial analysts and stock market participants. discuss how this information is communicated to investors and when the value of these assets no longer exists
There is only one intangible asset that can be capitalized that is produced internally. These are development costs, which are incurred by organizations to develop new product lines or manufacturing techniques. These can be promoted from where six improvement standards are met.
How do intangible assets affect a company's value?Since a company's customers' perceptions of its brand determine its value, brand equity is an intangible asset rather than a physical one. In short, a company's intangible assets can be significantly more valuable than its tangible assets and contribute to its potential future worth.
Why is technology an asset that cannot be replaced?Technology-related intangible assets are broadly defined as intangible assets that produce proprietary knowledge and products for the purposes of this discussion. The owner/operator of the business has the option of developing or purchasing this exclusive method or knowledge.
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during the year, barbra carrey received an inheritance of $15,000 and a $500 gift from her employer. what amount of gifts received should barbra include in her income tax return? $0 $15,000 $500 $15,500
You must subtract allowable expenses from your gross profit in order to determine your taxable profits. In most cases, you won't be able to deduct a cost if you paid for it "wholly and exclusively" for business purposes.
Is tax paid on revenue or profits?Typically, declared profits—gross revenue less any costs incurred during the production process—are the basis for corporate income taxes.
Do I pay tax on my net or gross earnings?Regardless of whether you receive income net or gross, if it is taxable, you must include the gross amount—the amount before any tax was deducted—in your taxable income calculation.
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