Answer:
69 %
Explanation:
Mark up is Gross Profit expressed as a percentage of Total Costs.
When using variable costing, only the variable costs are used to determine the Product Cost.
Product Cost = Variable product cost per unit + Variable administrative cost per unit
= $17.00 + $12.00
= $29.00
Therefore,
Mark up = Profit ÷ Total Variable Cost
= $20.00 ÷ $29.00
= 0.69 or 69 %
After a significant economic recession, prices and investing activity in the stock market began trending consistently upward six years ago. In the last three months, this trend has reversed and prices have fallen steadily. How are the past three months of the stock market classified? a. Primary bear market b. Secular bull market c. Primary bull market d. Secular bear market
Answer: Primary bear market
Explanation:
A primary bear market is when the stock market has a downward movement of decline in price. Such decline in price usually takes place for about two months and above.
Also for a primary bear market, the price decrease is about twenty percent or more. This is typically caused by several economic ills like recession.
Ken just purchased new furniture for his house at a cost of $16,700. The loan calls for weekly payments for the next 6 years at an annual interest rate of 11.17 percent. How much are his weekly payments
Answer: $73.51
Explanation:
No. of periods = 6 * 52 weeks = 312 weeks
Weekly Interest rate = 11.17%/52 = 0.2148%
Weekly Payment = Cost * (rate / ( 1 - ( 1 + r ) ^ -n))
= 16,700 * (0.2148% / (1 - (1 + 0.2148%)⁻³¹²))
= $73.51
Your neighbor borrowed your new lawn mower and used it to trim his rock garden thus destroying it. Your lawn mower which cost you $100 at Home Depot. Your neighbor refuses to pay for it. You have to sue him in a Texas court to be compensated for your loss. What court will you go to
Answer: District court
Explanation:
In this scenario, since the neighbor have to be sued in a Texas court so as to be compensated for the loss that was incurred, the district court can handle this.
It should be noted that most district courts are usually courts that handle small cases such as this like domestic related cases or probably cases involving little crimes.
In this case, the district court can handle the lawsuit because the neighbor must be sued in a Texas court to be reimbursed for the loss. It should be noted that most district courts handle tiny cases like these, such as domestic violence situations or likely instances involving minor offenses.
So, the District Court is the correct court I can sue my neighbor in.
About District Court in Texas:
Texas district courts are the state's general jurisdiction trial courts. The Legislature determines the geographical region served by each court, but each county must have at least one district court. Several counties may be served by a single district court in sparsely populated portions of the state, whereas an urban country may be served by multiple district courts. In felony criminal cases, divorce cases, cases involving title to land, election contest cases, and civil issues involving a sum of money or damages of $200 or more, district courts have initial jurisdiction.
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What are the two types of agencies and where do they receive their power and duties? a. International agencies receive their power directly from the president and Congress. Domestic agencies also receive delegated power and authority from the president and Congress. b. Executive agencies receive their power delegated from the executive branch (the president). Independent agencies receive their power as delegated from Congress. c. Economic agencies receive their power as delegated from the president and Congress. Independent agencies also receive their power as delegated from the president and Congress.
Answer: b. Executive agencies receive their power delegated from the executive branch (the president). Independent agencies receive their power as delegated from Congress.
Explanation:
There are two types of Administrative agencies in the United States: Executive and Independent.
Executive agencies are created by the Presidency and are therefore answerable to the president. They usually have a single leader who sits on the President's cabinet.
Independent agencies are created by an Act of Congress to manage complex areas of operation. They do not usually have a single leader but rather a board or commission with leaders that do not sit on the President's cabinet. An example is the Environmental Protection Agency(EPA).
A business owner makes 50 items a day. She spends 8 hours in producing those items. If hired elsewhere she could have earned $10 an hour. The item sells for $10 each. Production occurs seven days a week. If the explicit costs total $10,000 a month the economic profit for the month equals:
Answer:
$2,600
Explanation:
The computation of economic profit is shown below:
Economic profit = Revenues - Economic cost
where,
Economic cost = Explicit cost + Implicit (opportunity) cost
where,
Implicit cost
= $10 × 8 hours × 30 days
= $2400
And,
Explicit cost for a month = $10,000
So,
Economic cost is
= $10,000 + $2400
= $12,400
Now
The Revenue
= Price × quantity
= $10 × 50 items × 30 days
= $15,000
Finally
Economic profit is
= $15,000 - $12,400
= $2,600
Social responsibility is know as ______.
A. profit and planet
B. people and community
C. none of the options are correct
D.people and profit
Answer:
B. people and community
Explanation:
Social responsibility is known as people and community. In other words it refers to any and all responsibilities that you may have when being part of a community or society to make that community better. This involves a wide range of responsibilities or obligations such as volunteering, cooperating with others, ethical and moral choices, etc. Anything that benefits the larger structure that you are part of would be considered a social responsibility.
The term that can be used to describe Social responsibility isB:people and community
Social responsibility can be regarded as ethical framework as well as suggests, which explains that there are different obligation for individual so they can work and cooperate with other.It involves different individuals and the community as a whole and all organizations.Therefore, option B is correct.
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Which of the following explains why businesses often use graphics
to warn workers of dangerous situations?
Answer:
There are no options listed, but a can cite a few reasons why companies use graphic signs:
statistically, the number of work related injuries decrease as the level of safety signage increases. visual signs are extremely effective ways of communicating, and when it comes to dangerous activities, their effectiveness increases. people tend to pay more attention to graphic signs than to written signs, that is the same reason why signs and logos are placed outside a company in order to identify it.graphic signs are very easy to recognize and associate. graphic signs do not need further or complex explanations, i.e. a picture is worth more than 1,000 words.and a long list of etc.If you observe suspicious activity relating to a client's application for a financial product, you must notify your Team Leader, District General Manager, or Franchisee immediately.
a. True
b. False
Answer:
True
Explanation:
In simple words, every individual working in the fiance industry have a moral obligation and rules to follow. Under these obligations the individuals have some duties to clients as per which if the worker see something inappropriate regarding the activity of their client, he or she should first report to their immediate supervisor or take outside suggestion before going to the authorities.
Hence the given statement is true.
As the cost of storage continues to decrease, SANs are emerging to be a better storage and data protection alternative for _______.
a. Enterprise Computing
b. Cloud Computing
c. SMBs
d. Secured Access
Answer:
a. Enterprise Computing
Explanation:
Remember, it is Enterprises that are most often concerned about data protection alternatives. Hence, SANs (Storage Area Networks) are providing improved data protection, by connecting several networks together using an enterprise-centered design approach.
This technology has indeed acted as a cost-effective storage alternative for some enterprises today.
In 2020, Monty Corporation had net cash provided by operating activities of $486,000, net cash used by investing activities of $976,000, and net cash provided by financing activities of $627,000. At January 1, 2020, the cash balance was $348,000. Compute December 31, 2020, cash. Cash, December 31, 2020
Answer:
Monty Corporation
Computation of Cash at December 31, 2020:
$485,000.
Explanation:
a) Data and Calculations:
Net cash provided by operating activities = $486,000
Net cash used by investing activities = (976,000)
Net cash provided by financing activities = $627,000
Net cash inflow = $ 137,000
January 1, 2020 Cash balance 348,000
December 31, 2020 Cash balance $485,000
b) The above implies that Monty made more (cash inflow) cash of $137,000 between January 1, 2020 and December 31, 2020. This is added to the January 1, 2020 cash balance to arrive at the December 31, 2020 cash balance.
If your co-worker sends you $30 each week via Cash App for lunch and you transfer it to your bank account instantly (1.5% fee), how much are you being charged in fees for the year?
Answer:
$23.4
Explanation:
Each week, the co-worker sends $30, the feed for transfers is 1.5%. The charges per week are
=1.5 % of $30
=1.5% x $30
=0.015 x $30
=$0.45
One year has 52 week, The charge per year will be
=$0.45 x 52
=$23.4
Universal Containers' contact center manager needs to measure the following metrics: - Agent productivity - Customer satisfaction Which report should a consultant recommend?
a. Average speed to answer
b. First contact resolution
c. Escalation rate
d. Average handle time
Answer: Average handle time
First contact resolution
Explanation:
Since the center manager needs to measure the productivity of the agent and the customer satisfaction, the report that should be recommended by a consultant would be the average handle time and the first contact resolution.
The average handle time shows the time taken for a transaction to be completed. This can be used to determine the productivity of agents. Also, first contact resolution can be used to determine customer satisfaction as it shows the number if queries that were successfully resolved.
Becky wants to have $2,000 for spending money on vacation in 2 years. How much does she need to put in the bank today at 5% to have the the $2,000 in 2 years?
Answer:
the amount that need to put in the bank today is $1,814.059
Explanation:
The computation of the amount that need to put in the bank today i.e. present value is shown below
As we know that
Future value = Present value × (1 + rate of interest)^number of years
$2,000 = Present value × (1 + 0.05)^2
$2,000 = Present value × 1.05^2
So, the present value is $1,814.059
hence, the amount that need to put in the bank today is $1,814.059
Bellue Inc. manufactures a single product. Variable costing net operating income was $111,700 last year and its inventory decreased by 3,000 units. Fixed manufacturing overhead cost was $2 per unit for both units in beginning and in ending inventory. What was the absorption costing net operating income last year
Answer:
$105, 700
Explanation:
The cause of the difference between the Variable Costing Net Operating Income and Absorption Costing Net Operating Income is because of fixed costs absorbed in inventory using the absorption costing method.
We need to reconcile the Variable Costing Net Operating Income to Absorption Costing Net Operating Income.
Reconciling the Variable Costing Net Operating Income to Absorption Costing Net Operating Income
Variable costing net operating income $111,700
Fixed costs in Inventory decrease (3,000 × $2) ($6,000)
Absorption Costing Net Operating Income $105,700
Conclusion :
The absorption costing net operating income last year was $105, 700
Which of the following has made communication within teams more dificult in recent years?
O advancements in technology
O an increasingly global society
O a cuture of disrespect
O declining professionalism
Answer:
an increasingly global society
Explanation:
An increasingly global society or globalization has led to increased interactions between people from different countries. Improvements in transport networks have made it easy for goods, people, and technology to move across borders. Globalization has made economies depend on each other, which has necessitated relaxation on border restrictions.
Due to globalization, it is common to find people from different nationalities living and working in a country. Consequently, organizations have teams composed of people from different regions. Diversity in the workplace has meant the inclusion of different backgrounds in the workforce. As a result, communications have become more challenging due to language barriers and differences in cultural beliefs and practices.
Byron Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $103,000. The equipment will have an initial cost of $423,000 and have a 5-year life. The salvage value of the equipment is estimated to be $80,000. If the hurdle rate is 12%, what is the approximate net present value
Answer:
The approximate net present value is $41,005.
Explanation:
Note: See the attached excel file for the calculation of the net present value (in red color).
In the attached excel file, the following are used:
n = The particular year in reference
r = hurdle rate = 12%, or 0.12
The approximate net present value is therefore calculate by adding all the present values in the attached excel file from year 0 to year 6 to obtain $41,005.
According to modern growth theory, the key to economic growth is Group of answer choices a large pool of unskilled labor. skilled labor. institutions. paved roads. modern buildings.
Answer:
Skilled labor
Explanation:
As per the modern economic growth theory, the economic growth would be possible via expenditure done on research & development and have the knowledge regarding innovations so for this the skilled labor is required that helps in research & development and so for innovations
So as per the given statement, the skilled labor is the correct option
Hence, the same is to be considered
Dani's just paid an annual dividend of $6 per share. What is the dividend expected to be in five years if the growth rate is 4.2%
Answer:
the dividend expected in five years is $7.37
Explanation:
The computation of the dividend expected in five years is as follows;
As we know that
Future value = Present value × (1 + rate of interest)^time period
Dividend at year 5 = $6 × (1.042)^5
= $6 × 1.228396569
= $7.37
Hence, the dividend expected in five years is $7.37
The same is to be considered
If there is a scarcity of supply in potatoes and many people want to buy, the prices is likely to be
If Jane is not maximizing her utility with the original purchase, remembering the Law of Diminishing Marginal Utility, would she be better off buying one less fries and one more chicken sandwich? Explain your reasoning and show any calculations.
Answer:
Since Jane's marginal utility per dollar spent is much greater for chicken sandwiches, that means that she is not maximizing her utility by purchasing fries. Instead of buying the third order of fries she should buy another chicken sandwich. The third order of fries only yields 3 utils per dollar. We are not given the exact utils per dollar of the fourth chicken sandwich, but the third one yielded 15 utils per dollar and the marginal decline is not that steep. The important number is the utils per dollar, not the price of the goods.
For a present sum of $840,000, determine the annual worth (in then-current dollars) in years 1 through 6 if the market interest rate is 10% per year and the inflation rate is 3% per year. The annual worth is:________ $ .
Answer:
The annual worth is:________
$667,380
Explanation:
Present value of investment = $840,000
Number of years = 6
Market interest rate = 10%
Inflation rate = 3%
Real interest rate = 7%
PV Annuity factor = 4.767
Total FV of annuity = $840,000 * 4.767 = $4,004,280
Annual worth = $4,004,280/6 - $667,380
The annual worth of the investment of $840,000 will be $667,380 based on the market-adjusted interest rate of 7% (10 - 3).
Drag each example to the corresponding step in the new-product development process.
1. Idea Generation
2. Concept Testing
3. Product Development
4. Market Testing
5. Product Launch
6. Evaluation of Results
A. Samples
B. Big box
C. Brainstorm
D. Prototypes
E. Strong sales
F. Presentation
Answer:
1. Idea Generation ⇒ C. Brainstorm
Brainstorming is a process used to generate a large number of ideas where participating members contribute with any ideas that they can come up with.
2. Concept Testing ⇒ B. Big box
3. Product Development ⇒ D. Prototypes
When a company is developing a product, the firs thing that they will come up with is a prototype of the product.
4. Market Testing ⇒ A. Samples
Free samples are important when you are testing a new product, e.g. handing out free samples
5. Product Launch ⇒ F. Presentation
The formal presentation of a product takes place when the product is launched into the market.
6. Evaluation of Results ⇒ E. Strong sales
The way that a company can evaluate if a product was accepted or not by the market is to see their sales records, if sales are strong, then the product was accepted.
Helen,a manager for Marshall Manufacturing,spends much of her time reviewing the global,technological,socio-cultural,competitive,and economic factors that can influence the success of her firm's marketing efforts.Helen's efforts indicate that she is involved with environmental scanning. Environmental scanning is the process of identifying the factors than can affect marketing success.
a. True
b. False
Answer:
a. True
Explanation:
The environment scanning means the scanning of the environment. In this, the information is collected with respect to the events and their relationship of an organization that could be internal and external. The main motive of this is to be measure the direction of the organization in near future
Also it identified the factor that impacts the success of the marketing
Therefore the given statement is true
If public goods were marketed like private goods, then public goods would be overproduced:__________
Answer:
in the presence of suce positive externalities
Explanation:
because the cost of production for the firm are overstated and the profits are understated
When the domestic currency is strong or expected to become strong, eroding the competitive position of the firm, it can choose to locate production facilities in a foreign country where costs are low due to either the undervalued currency or underpriced factors of production. This is a strategy related to what type of foreign currency exposure?A. Operating exposure.B. Translation exposure.C. Transaction exposure.D. Asset exposure.
Answer:
A. Operating exposure
Explanation:
The Operating exposure may be defined as the extent to which any particular company is exposed to the inflation risk and exchange risk. It is the exposure to the risk occurred in the exchange rate which may impact the revenue of the company.
It refers to he future cash flow of the firm or the company that gets affected because of the change in the exchange rate of the currencies.
It measures the change in the current value of the company that results from the unexpected changes in the currency exchange rates.
In the context, when a company opens up a production facility in a country where the costs are low and the currency of the parent country or the host country is expected to be strong, it is known as the Operating exposure strategy of the company to the increase the cash flow.
Consider the four-step process that many companies follow to estimate the market demand curve for their product. Place the steps in order, with the first step in the highest position and the last step in the lowest position.a. survey customersb. plot the demand curvec. scale up the quantities demanded by the survey respondentsd. add up the total quantity demanded by the customers at each price point
Answer:
The four-step process that many companies follow to estimate the market demand curve for their products are:
a. survey customers
d. add up the total quantity demanded by the customers at each price
c. scale up the quantities demanded by the survey respondents
b. plot the demand curve
Explanation:
The above steps enable the companies to estimate the market demand for their products. They also segment the demand to ascertain the segments that will perform better than others. The behavior of consumers is modeled during the estimation to verify how the price of the product, consumer income, or any other variables will impact the market demand.
How many jobs do retail sales support in the United States?
O 4 million
O 24 million
O 42 million
O 240 million
Answer:
Hey mate here's your answer ⤵️
42 million jobsThe retail sector continues to grow. Total retail sales (including motor vehicle and parts sealers) from 1 million retail establishments in the United States surpassed $5 trillion in 2017. The U.S. retail industry directly employs about 29 million people and supports more than 42 million jobs.
Hope it was helpfulllThe retail sales sector support 42 million jobs in the United States. Thus, the correct answer is option C.
What is retail sales?Retail sales are the sales of consumer goods, or final goods, by businesses to end users, and include both in-store and online sales. Products can be either durable (with a long expected shelf life) or perishable (such as groceries). Consumer goods include things like food, clothing, and furniture.
The retail industry is expanding. Total retail sales (including motor vehicle and parts sealers) from the United States 1 million retail establishments surpassed $5 trillion in 2017. The retail industry in the United States directly employs approximately 29 million people and supports over 42 million jobs.
Therefore, option C is correct.
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In 1926, Nedda McGrath became the first female
O copywriter
O art director
O editor
O graphic designer
Answer:
art director
Explanation:
ART DIRECTOR
Marigold Corp. constructed a building at a cost of $13600000. Weighted-average accumulated expenditures were $5700000, actual interest was $560000, and avoidable interest was $280000. If the salvage value is $1110000, and the useful life is 40 years, depreciation expense for the first full year using the straight-line method is $326250. $319250. $347000. $461750.
Answer:
$121,750
Explanation:
Cost of the building = 13600000
Average accumulated expenses = 5700000
Actual interest = 560000
Avoidable interest = 280000
Salvage value = 1110000
Life in years = 40 years
Depreciation expenses for 1st full year = {(Average accumulated expenses + Avoidable interest) - Salvage value} / Life in years
Depreciation expenses for 1st full year = (5700000 + 280000 - 1110000) / 40
Depreciation expenses for 1st full year = 4870000 / 40 years
Depreciation expenses for 1st full year = $121,750
Using the following information, compute the cost of direct materials used. Raw materials inventory, January 1$ 25000 Raw materials inventory, December 3155000 Work in process, January 127000 Work in process, December 3118000 Finished goods, January 160000 Finished goods, December 3148000 Raw materials purchases2000000 Direct labor890000 Factory utilities225000 Indirect labor75000 Factory depreciation500000 Operating expenses630000
Answer:
The cost of direct materials used is $1,970,000.
Explanation:
The cost of direct materials used can be computed using the following equation:
Cost of direct materials used = Raw materials inventory, January 1 + Raw materials purchases - Raw materials inventory, December 31 ............ (1)
Where;
Raw materials inventory, January 1 = $25000
Raw materials inventory, December 31 = $55000
Raw materials purchases = $2000000
Substituting the values into equation (1), we have:
Cost of direct materials used = $25000 + $2000000 - $55000 = $1,970,000
Therefore, the cost of direct materials used is $1,970,000.