The equivalent units of production for materials of Concord is 11,400 units, and the equivalent units of production for conversion costs is 10,488 units.
To compute the equivalent units of production for materials and conversion costs for the month of July, we use the weighted average method.
For materials:
Equivalent units of production = Units completed and transferred out + Ending work in process inventory in units × Percentage complete as to materials
Equivalent units of production = 9,120 + 2,280 × 40% = 11,400 units
For conversion costs:
Equivalent units of production = Units completed and transferred out + Ending work in process inventory in units × Percentage complete as to conversion costs
Equivalent units of production = 9,120 + 2,280 × 40% = 10,488 units
Therefore, the equivalent units of production for materials is 11,400 units, and the equivalent units of production for conversion costs is 10,488 units.
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Jenessa, an industrial/organizational psychologist, just got a job at a software company which will she most likely find herself doing in this position?
As an industrial/organizational psychologist at a software company, Jenessa will most likely find herself applying principles of psychology to improve organizational effectiveness, productivity, and employee satisfaction.
She may conduct job analyses, develop training programs, and implement performance management systems. Additionally, she may work on designing and implementing selection processes to identify the best candidates for job roles within the company.
Overall, Jenessa's role will be to help the software company improve its work environment, optimize employee performance, and achieve its business objectives through the application of psychology.
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The conversion from mechanical or analog devices to digital ones is known as the ________.
The conversion from mechanical or analog devices to digital ones is known as digitization.
This process involves transforming information or data from an analog format to a digital one, where the data is represented in the form of binary code that can be read and processed by computers and other digital devices.
Digitization has revolutionized many industries, such as music, film, and photography, by enabling the creation, storage, and distribution of digital media. This has resulted in significant improvements in quality, accessibility, and convenience, as well as cost savings.
In addition to media, digitization has also transformed industries such as manufacturing, healthcare, and finance. In manufacturing, for example, digitization has enabled the use of computer-aided design (CAD) and computer-aided manufacturing (CAM) systems, which have greatly improved the efficiency and precision of production processes. In healthcare, digitization has enabled the use of electronic health records (EHRs), telemedicine, and other digital tools that have improved patient outcomes and reduced costs.
Overall, digitization has had a profound impact on the way we live, work, and communicate, and its importance is only set to grow as digital technology continues to advance.
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________ is using teams of people from sales, marketing, engineering, finance, technical support, and even upper management to service large, complex accounts.
The approach you are referring to is known as account-based marketing (ABM).
ABM is a strategic approach that involves identifying key accounts and then aligning various teams and departments within an organization to provide personalized and targeted services to those accounts. This includes teams from sales, marketing, engineering, finance, technical support, and even upper management.
By using a team-based approach, ABM enables companies to better understand the specific needs and requirements of their largest and most complex clients and to develop customized solutions that are tailored to their unique needs.
Overall, ABM is a highly effective way to build strong, long-lasting relationships with key accounts, and to drive growth and revenue for an organization. I hope this provides you with a detailed answer to your question.
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a charge to purchase a mutual fund share is called a: group of answer choices bid/ask spread an expense ratio a sales load a price to earnings ratio
A charge to purchase a mutual fund share is called a "sales load."
When you purchase a mutual fund, you may be required to pay a sales charge, also known as a sales load, which is a fee that is typically a percentage of the amount you invest. The sales load is typically paid to a broker or financial advisor who helps you purchase the mutual fund.
There are different types of sales loads, including front-end loads, back-end loads, and level loads. A front-end load is paid when you purchase the mutual fund, while a back-end load is paid when you sell the mutual fund. A level load is an ongoing fee that is charged as a percentage of your investment each year.
It's worth noting that not all mutual funds charge sales loads. Some mutual funds are no-load funds, which means they do not charge a sales load, but they may still have other fees, such as expense ratios, that investors should be aware of.
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the following information is available for two different types of businesses for the year 1 accounting year. hopkins cpas is a service business that provides accounting services to small businesses. sports clothing is a merchandising business that sells sports clothing to college students. data for hopkins cpas borrowed $44,000 from the bank to start the business. provided $34,000 of services to clients and collected $34,000 cash. paid salary expense of $21,800. data for sports clothing borrowed $44,000 from the bank to start the business. purchased $23,000 inventory for cash. inventory costing $19,300 was sold for $35,000 cash. paid $2,800 cash for operating expenses.
Hopkins CPAs had a revenue of $34,000, while Sports Clothing had a revenue of $35,000.
For the accounting year 1, Hopkins CPAs borrowed $44,000 from the bank to start their service business of providing accounting services to small businesses. They provided $34,000 of services to clients and collected $34,000 cash. The business paid $21,800 as salary expenses.
On the other hand, for the same accounting year, Sports Clothing borrowed $44,000 from the bank to start their merchandising business of selling sports clothing to college students. They purchased inventory worth $23,000 for cash and sold inventory worth $19,300 for $35,000 in cash. They also paid $2,800 in cash for operating expenses.
However, Hopkins CPAs had lower expenses with a total of $21,800 in salary expenses, whereas Sports Clothing had a total of $23,800 in expenses ($23,000 for inventory and $2,800 for operating expenses). This means that Hopkins CPAs had a higher profit margin than Sports Clothing for the accounting year 1.
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the following information is available for two different types of businesses for the year 1 accounting year. hopkins cpas is a service business that provides accounting services to small businesses. sports clothing is a merchandising business that sells sports clothing to college students. data for hopkins cpas borrowed $44,000 from the bank to start the business. provided $34,000 of services to clients and collected $34,000 cash. paid salary expense of $21,800. data for sports clothing borrowed $44,000 from the bank to start the business. purchased $23,000 inventory for cash. inventory costing $19,300 was sold for $35,000 cash. paid $2,800 cash for operating expenses.
the leaders of greenfield inc. sometimes alter financial reports and give inaccurate information to the shareholders of the firm. they also diverge from the rules of standard accounting practices to get contracts from clients. this implies that leaders of greenfield inc. tend to engage in:___.
The leaders of Greenfield Inc. engage in unethical and potentially illegal practices such as financial fraud and accounting manipulation.
By altering financial reports and giving inaccurate information to shareholders, they are misleading investors and potentially harming the firm's reputation and financial stability. Additionally, by diverging from standard accounting practices to secure contracts, they are engaging in unfair and dishonest business practices. These actions may have severe consequences for the firm and its stakeholders.
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Exercise 9-29 Budgeted Financial Statements; Retaller (LO 9-3, 9-5) Handy Hardware is a retail hardware store. Information about the store's operations follows. • November 20x1 sales amounted to $540,000. • Sales are budgeted at $580.000 for December 20x1 and $540,000 for January 20x2. • Collections are expected to be 60 percent in the month of sale and 38 percent in the month following the sale. Two percent of sales are expected to be uncollectible. Bad debts expense is recognized monthly. • The store's gross margin Is 25 percent of its sales revenue. • A total of 70 percent of the merchandise for resale is purchased in the month prior to the month of sale, and 30 percent is purchased in the month of sale. Payment for merchandise is made in the month following the purchase. • Other monthly expenses pald In cash amount to $46,600. • Annual depreciation is $474.000.
To prepare the budgeted financial statements for the months of December 20x1 and January 20x2, we need to use the given information to calculate the expected sales, collections, purchases, and expenses for each month. We will start by calculating the expected sales for each month:
December 20x1 sales: $580,000
January 20x2 sales: $540,000
Next, we will calculate the expected collections for each month based on the given information:
December 20x1 collections:
60% of December sales ($580,000 x 60%) = $348,000
38% of November sales ($540,000 x 38%) = $205,200
Total expected collections = $553,200
January 20x2 collections:
60% of January sales ($540,000 x 60%) = $324,000
38% of December sales ($580,000 x 38%) = $220,400
Total expected collections = $544,400
We also need to account for the 2% of sales that are expected to be uncollectible. Therefore, we can calculate the bad debts expense for each month as follows:
December 20x1 bad debts expense:
Total expected collections ($553,200) x 2% = $11,064
January 20x2 bad debts expense:
Total expected collections ($544,400) x 2% = $10,888
Next, we can calculate the cost of goods sold (COGS) for each month based on the gross margin percentage and the expected sales:
December 20x1 COGS:
December 20x1 sales ($580,000) x 75% (100% - 25% gross margin) = $435,000
January 20x2 COGS:
January 20x2 sales ($540,000) x 75% (100% - 25% gross margin) = $405,000
We can then calculate the expected purchases for each month based on the percentage of merchandise purchased in the prior month and the month of sale:
December 20x1 purchases:
70% of November purchases ($435,000 ÷ 75% x 70%) = $326,000
30% of December purchases ($580,000 x 30%) = $174,000
Total expected purchases = $500,000
January 20x2 purchases:
70% of December purchases ($405,000 ÷ 75% x 70%) = $302,000
30% of January purchases ($540,000 x 30%) = $162,000
Total expected purchases = $464,000
We also need to account for the other monthly expenses paid in cash:
December 20x1 other expenses: $46,600
January 20x2 other expenses: $46,600
Finally, we can calculate the net income for each month by subtracting the COGS, other expenses, bad debts expense, and depreciation from the sales revenue:
December 20x1 net income:
December 20x1 sales revenue ($580,000) - December 20x1 COGS ($435,000) - December 20x1 other expenses ($46,600) - December 20x1 bad debts expense ($11,064) - annual depreciation ($474,000 ÷ 12) = $13,336
January 20x2 net income:
January 20x2 sales revenue ($540,000) - January 20x2 COGS ($405,000) - January 20x2 other expenses ($46,600) .
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Basic Stock Valuation: Free Cash Flow Valuation Model The recognition that dividends are dependent on earnings, so a reliable dividend forecast is based on an underlying forecast of the firm's future sales, costs and capital requirements, has led to an alternative stock valuation approach, known as the free cash flow valuation model. The market value of a firm is equal to the present value of its expected future free cash flows: FCF Market value of company FCF (1+WACC)" FCF (1+WACC) 2 T (1+WACC) Free cash flows are generally forecasted for 5 to 10 years, after which it is assumed that the final forecasted free cash flow will grow at some long-run constant rate. Once the firm reaches its horizon date, when cash flows begin to grow at a constant rate, the equation to calculate the continuing value of the firm at that date is: Horizon value = V Company at t=N=FCFN+1/(WACC-8FCF) Discount the free cash flows back at the firm's weighted average cost of capital to arrive at the value of the firm today. Once the value of the firm is calculated, the market value of debt and preferred are subtracted to arrive at the market value of equity. The market value of equity is divided by the number of common shares outstanding to estimate the firm's intrinsic per-share value. We present 2 examples of the free cash flow valuation model. In the first problem, we assume that the firm is a mature company so its free cash flows grow at a constant rate. In the second problem, we assume that the firm has a period of nonconstant growth. Quantitative Problem 1: Assume today is December 31, 2017. Barrington Industries expects that its 2018 after-tax operating income (EBIT(1 - T)] will be $400 million and its 2018 depreciation expense will be $65 million. Barrington's 2018 gross capital expenditures are expected to be $100 million and the change in its net operating working capital for 2017 will be $30 million. The firm's free cash flow is expected to grow at a constant rate of 5% annually. Assume that its free cash flow occurs at the end of each year. The firm's weighted average cost of capital is 8.2%; the market value of the company's debt is $2.05 billion; and the company has 180 million shares of common stock outstanding. The firm has no preferred stock on its balance sheet and has no plans to use it for future capital budgeting projects. Using the free cash flow valuation model, what should be the company's stock price today (December 31, 2017)? Do not round intermediate calculations. Round your answer to the nearest cent. $ per share
Using the free cash flow valuation model, the estimated stock price of Barrington Industries today (December 31, 2017) is approximately $32.88 per share.
To calculate the stock price, we first need to calculate the free cash flow for 2018 and the horizon value. We can then calculate the present value of these cash flows and the present value of the market value of debt. Finally, we can subtract the present value of debt from the present value of cash flows to arrive at the market value of equity, which can then be divided by the number of shares outstanding to arrive at the intrinsic per-share value.
Free cash flow for 2018 can be calculated as:
FCF(2018) = EBIT(1 - T) + Depreciation - Gross capital expenditures - Change in net operating working capital
= $400M(1-0.35) + $65M - $100M - $30M
= $180M
The horizon value can be calculated as:
Horizon value = FCF(2019) * (1 + g) / (WACC - g)
= FCF(2018) *[tex](1 + g)^2[/tex] / (WACC - g)
= $4,142.22M
The present value of the cash flows can be calculated as:
PV(Cash Flows) = FCF(2018) * (1 + g) / (WACC - g) + Horizon value / (1 + WACC)^2
= $180M * (1 + 0.05) / (0.082 - 0.05) + $4,142.22M / (1 + 0.082)^2
= $1,365.26M
The present value of the market value of debt can be calculated as:
PV(Market Value of Debt) = $2.05B / (1 + 0.082)^2
= $1,697.63M
The market value of equity can be calculated as:
Market Value of Equity = PV(Cash Flows) - PV(Market Value of Debt)
= $1,365.26M - $1,697.63M
= -$332.37M
Since the marketalue of equity is negative, the stock price would also be negative. This indicates that the firm is in financial distress and the estimated intrinsic value may not be reliable.
However, if we assume that the market value of debt is equal to the book value of debt, which is not always the case, the market value of debt would be $0. This would result in a market value of equity of $1,365.26M, which can be divided by the number of shares outstanding (180M) to arrive at the intrinsic per-share value of approximately $7.59.
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imagine a free market in which at a price of $150 quantity supplied is 100 units and quantity demanded is 50 units. equilibrium price in this market * is less than $150. is equal to $150. is greater than $150.
In a free market, the equilibrium price is where the quantity supplied is equal to the quantity demanded. In this scenario, at a price of $150, there is an excess supply of 50 units, meaning that suppliers are willing to supply 100 units, but consumers only demand 50 units at that price.
This indicates that the price is too high, and there is a surplus of goods that are not being bought.
To find the equilibrium price, the price must be adjusted until the quantity supplied is equal to the quantity demanded. This can be done by decreasing the price until the excess supply is eliminated, and the market reaches equilibrium. Therefore, the equilibrium price in this market is less than $150.
When the price is lowered to the equilibrium level, consumers will demand more units, and suppliers will be willing to supply less. This will lead to an increase in demand and a decrease in supply until a balance is reached.
In conclusion, a free market economy tends to reach equilibrium naturally, where the price is set based on the forces of supply and demand. In this scenario, the equilibrium price is lower than $150, and the market will adjust accordingly to reach that price level.
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service process redesign encompasses reconstruction, rearrangement, or substitution of service processes. true false
True. Service process redesign indeed encompasses reconstruction, rearrangement, or substitution of service processes, aiming to improve efficiency, effectiveness, and customer satisfaction.
Service process redesign refers to the process of restructuring, reorganizing, and changing service processes in order to improve efficiency, effectiveness, and overall performance. This can involve making significant changes to existing processes, such as replacing outdated systems with newer technology, reorganizing the flow of work, or completely replacing a service process with a new and improved one. Therefore, the statement that service process redesign encompasses reconstruction, rearrangement, or substitution of service processes is true.
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33Q. When it comes to the customer's expectations, _________first, __________ second!
When it comes to the customer's expectations, putting their needs first and their wants second is crucial.
Customers expect businesses to prioritize their needs and provide the best possible service to ensure that their experience is satisfactory. This includes addressing any concerns they may have promptly and making sure that their inquiries are handled efficiently.
The first step to meeting customer expectations is to understand what they are looking for. This can be achieved through communication with customers and understanding their needs and preferences. By listening to their feedback, businesses can identify areas where they can improve and make changes to enhance the customer experience.
It is also important for businesses to maintain consistency in their service. This means ensuring that customers receive the same level of service every time they interact with the business. Consistency builds trust and helps customers feel more confident in the service they are receiving.
Finally, it is essential to exceed customer expectations wherever possible. By going above and beyond, businesses can create a positive experience that customers will remember and want to repeat. This can include offering personalized service, providing additional resources, or simply being proactive in addressing customer needs.
In summary, when it comes to meeting customer expectations, prioritizing their needs first and wants second, understanding their needs, maintaining consistency, and exceeding their expectations are all key factors that businesses should focus on. By doing so, they can create a positive experience that will keep customers coming back.
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A decrease in the reserve requirement causes the size of the money multiplier to O increase, the amount of excess reserves in the banking system to rise, and the money supply to decrease. O decrease, the amount of excess reserves in the banking system to rise, and the money supply to increase. O decrease, the amount of excess reserves in the banking system to rise, and the money supply to decrease. O increase, the amount of excess reserves in the banking system to rise, and the money supply to increase
A decrease in the reserve requirement causes the size of the money multiplier to D. increase, the amount of excess reserves in the banking system to rise, and the money supply to increase.
When the reserve requirement is reduced, banks are required to hold less money in reserves, allowing them to lend out a larger portion of their deposits. As a result, the amount of excess reserves in the banking system rises. This increase in lending capacity leads to an expansion in the money supply, as more funds are available for borrowing and spending.
The money multiplier is a measure of how much the money supply can expand due to an increase in excess reserves. With a lower reserve requirement, the money multiplier increases because a larger proportion of deposits can be lent out, amplifying the potential expansion of the money supply.
In summary, a decrease in the reserve requirement allows banks to lend out more money, resulting in an increase in the money multiplier, a rise in excess reserves, and an overall expansion in the money supply. Therefore, the correct option is D.
The question was incomplete, Find the full content below:
A decrease in the reserve requirement causes the size of the money multiplier to
A. increase, the amount of excess reserves in the banking system to rise, and the money supply to decrease.
B. decrease, the amount of excess reserves in the banking system to rise, and the money supply to increase.
C. decrease, the amount of excess reserves in the banking system to rise, and the money supply to decrease.
D. increase, the amount of excess reserves in the banking system to rise, and the money supply to increase
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Which of the following leasehold estates best describes the situation in which a tenant who previously occupied a property under a legitimate leasehold interest refuses to vacate? a. Periodic tenancy b. Tenancy at will c. Tenancy at sufferance d. Tenancy for years
The leasehold estate that best describes the situation in which a tenant who previously occupied a property under a legitimate leasehold interest refuses to vacate is a "tenancy at sufferance." The correct answer is option c.
A tenancy at sufferance arises when a tenant remains in possession of the property without the landlord's consent after the expiration of the lease or the termination of the tenancy by notice. In this situation, the tenant is considered a holdover tenant, and the landlord may choose to treat them as a trespasser and take legal action to remove them from the property.
In other words, a tenancy at sufferance is an unauthorized or wrongful occupancy of the property by a tenant who has no legal right to remain there. This type of leasehold estate is different from the other options provided:
A periodic tenancy is a leasehold estate that continues for successive periods, such as month-to-month or year-to-year.A tenancy at will is a leasehold estate that is terminable at any time by either the landlord or the tenant.A tenancy for years is a leasehold estate that has a definite start and end date.The correct answer is option c.
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Select all that apply Some disadvantages of relying solely on financial measures include tha? a. they can encourage managers to focus too heavily on short-term goals.
b. they can encourage managers to focus too heavily on long-term goals. c. some profitable opportunities may be rejected to keep return on investment high.
d. residual income is not as effective when comparing investment centers of different sizes.
e. they require managers to focus on too many perspectives.
Some disadvantages of relying solely on financial measures include they can encourage managers to focus too heavily on short-term goals, some profitable opportunities may be rejected to keep return on investment high and residual income is not as effective when comparing investment centers of different sizes. The correct answers are options A, C, and D.
One disadvantage of relying solely on financial measures is that they can encourage managers to focus too heavily on short-term goals, such as meeting quarterly targets, at the expense of long-term strategic objectives.
This short-term focus can result in decisions that may be harmful to the company's long-term prospects.
Another disadvantage is that financial measures such as return on investment may be used to evaluate projects or investments without considering non-financial factors, such as the impact on employees, customers, and the environment.
This may result in some profitable opportunities being rejected to keep the return on investment high.
Residual income, which is a financial measure that measures the profit a division generates in excess of the cost of capital, may not be as effective when comparing investment centers of different sizes.
This is because larger investment centers may have a higher residual income simply due to their size, even if they are not as efficient as smaller centers.
Option b is not a disadvantage because financial measures generally don't encourage managers to focus too heavily on long-term goals.
Option e is not correct because financial measures are designed to focus on financial perspectives and not require managers to focus on too many perspectives.
Therefore, the correct answers are options A, C, and D.
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Fiona felt like there were not enough potential customers for her to earn a good living as a commission-based sales agent. Therefore, Fiona left that job and found work as an insurance claims agent, a more structured job. Fiona could be described as having
a. an external locus of control.
b. high self-esteem.
c. emotional intelligence.
d. generalized self-efficacy.
Fiona felt like there were not enough potential customers for her to earn a good living as a commission-based sales agent.
Therefore, Fiona left that job and found work as an insurance claims agent, a more structured job. Fiona could be described as having:
a. an external locus of control.
An external locus of control refers to the belief that one's success or failure is primarily determined by external factors such as luck, chance, or other people's actions.
In this case, Fiona seems to have an external locus of control because she attributed her inability to earn a good living in her previous job to the lack of potential customers, which is an external factor beyond her control. This belief led her to change jobs in search of a more structured work environment where her earnings might be more predictable.
Step-by-step explanation:
1. Fiona felt that there were not enough potential customers in her commission-based sales job.
2. This belief led her to conclude that she could not earn a good living in that role.
3. Fiona attributed her lack of success to an external factor - the limited number of potential customers.
4. She decided to change jobs in order to find a more structured work environment.
5. Fiona's belief that external factors were responsible for her lack of success in her previous job suggests that she has an external locus of control.
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the appropriate time to use the product rule is when dealing with events that are . multiple choice question. mutually exclusive independent dependent
The product rule is used when you want to determine the probability of two independent events occurring simultaneously.
Independent events are those whose occurrence does not affect the probability of the other event happening. In other words, the outcome of one event has no influence on the outcome of the other event.
To apply the product rule, you simply multiply the probabilities of the two independent events.
For example, if Event A has a probability of 0.5 and Event B has a probability of 0.4, the probability of both events occurring is calculated as follows:
Step 1: Identify the probabilities of the independent events.
P(A) = 0.5
P(B) = 0.4
Step 2: Multiply the probabilities.
P(A and B) = P(A) * P(B) = 0.5 * 0.4 = 0.2
So, the probability of both events A and B happening together is 0.2 or 20%. Remember that the product rule is only applicable when dealing with independent events, and not for mutually exclusive or dependent events.
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MR What area(s) represent deadweight loss (DWL)? ОА OB and D Cand E A, B, and C MR How much is the consumer surplus? (enter whole number only; do not use dollar sign, commas or decimals) MR What area(s) represents consumer surplus? O A OB oc OD A and B A, B, and C MC = AC MR How much is the profit (or loss)? (enter whole number only; do not use dollar sign, commas or decimals) For simplicity, assume MC=AC.
A single seller or manufacturer dominates the market, creating a monopoly. A monopoly restricts the number of product alternatives accessible and puts obstacles in the way of rivals entering the market.
1) The equilibrium of the monopoly at MR=MC A+B+D represents the entire surplus in a monopolistic equilibrium.
Total competitive equilibrium is equal to A+B+D+C+E and the competitive equilibrium at P is equal to Mc.
Deadweight loss is the difference between monopoly surplus (C+E) and competitive equilibrium surplus (C+E).
Option C is thus correct.
2) Consumer supply
= HALF of Q*(MAXIMUM WILLING TO PAY - EQUILIBRUM PRICE)
= HALF OF 60 ×(260-140)
= 30 ×120
= 3600
3) Consumer excess is shown by the area under the demand curve over the equilibrium price. Therefore, consumer excess is area A.
Answer A is accurate.
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select all that apply bad debts are: multiple select question. an expense of selling on credit. accounts of customers who do not pay. also called collectible accounts. amounts the company owes to creditors. also called uncollectible accounts.
Bad debts are: An expense of selling on credit, Accounts of customers who do not pay, Also called uncollectible accounts.
a. An expense of selling on credit: Bad debts occur when a company extends credit to customers who ultimately fail to pay. This represents a cost for the company, as they will not receive payment for goods or services provided.
b. Accounts of customers who do not pay: When customers fail to pay for goods or services, their accounts become bad debts. These accounts will need to be written off as a loss for the company.
e. Also called uncollectible accounts: Bad debts are often referred to as uncollectible accounts because the company cannot collect payment from the customers.
To recap, bad debts are an expense of selling on credit, accounts of customers who do not pay, and are also called uncollectible accounts. The other options, c. also called collectible accounts and d. amounts the company owes to creditors, are not correct descriptions of bad debts.
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Complete question:
select all that apply bad debts are:
a. an expense of selling on credit.
b. accounts of customers who do not pay.
c. also called collectible accounts.
d. amounts the company owes to creditors.
e. also called uncollectible accounts.
There are five firms in a market and the market shares of the firms are 40 percent, 30 percent, 15 percent, 10 percent, and 5 percent. What is the Herfindahl-Hirschman Index for this market? The Herlindahl-Hirschman
Index for this market is
Therefore, the Herfindahl-Hirschman Index for this market is 0.285.
To calculate the Herfindahl-Hirschman Index (HHI) for this market, we need to first square the market shares of each firm, and then add up the squared values. Mathematically, the formula for HHI is:
HHI = (s1)² + (s2)² + ... + (sn)²
where s1, s2, ..., sn are the market shares of the firms.
Using the market share information given in the question, we can calculate the HHI as follows:
HHI = (0.4)² + (0.3)² + (0.15)² + (0.1)² + (0.05)²
= 0.16 + 0.09 + 0.0225 + 0.01 + 0.0025
= 0.285
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a manager is responsible for costs only in a(n) center. a.investment b.profit c.cost d.volume
Answer:
the answer is b.profit
Explanation:
if a manager is responsible for money which is cost the investment is cost and your cost is your profit
Reginald looked for work for six months but could not find a job to his liking. He now spends his time at the beach. For purposes of employment he is considered:
A. unemployed
B. out of the labor force
C. employed in the underground economy
D. underemployed
The answer is A. unemployed. Since Reginald is actively seeking work but unable to find a job that suits his preferences, he falls under the category of unemployed individuals.
The Option B, out of the labor force, would apply if he had given up on finding work altogether. Option C, employed in the underground economy, refers to individuals who work outside the legal system, and Option D, underemployed, would apply if Reginald had found a job but was not utilizing his skills to their fullest potential.
The term unemployment refers to a situation where a person actively searches for employment but is unable to find work. Unemployment is considered to be a key measure of the health of the economy.
The most frequently used measure of unemployment is the unemployment rate. It's calculated by dividing the number of unemployed people by the number of people in the labor force.
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if equilibrium level of real gross domestic product (gdp) is less than the full-employment real gross domestic product (gdp) consistent with the position of the economy's long-run aggregate supply (lras) curve, then the difference between full-employment real gross domestic product (gdp) and current equilibrium real gross domestic product (gdp) is
The difference between full-employment real GDP and the current equilibrium real GDP is called the recessionary gap.
The concept of a recessionary gap refers to the difference between the level of real gross domestic product (GDP) that an economy is currently producing at and the level it would produce at full employment, as determined by the long-run aggregate supply (LRAS) curve. This gap indicates that the economy is producing below its potential, leading to high unemployment and reduced economic growth.
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The Mailbox Rule says that to determine whether an offer is accepted or terminated, we judge based upon whether termination or the acceptance is dropped in the mailbox first. Group of answer choicesTrue False
The given statement- "The Mailbox Rule says that to determine whether an offer is accepted or terminated, we judge based upon whether termination or the acceptance is dropped in the mailbox first" is True.
The Mailbox Rule is a legal principle that determines the time of acceptance or termination of a contract offer.
According to the Mailbox Rule, an offer is considered accepted at the moment when the acceptance letter or communication is dispatched, as long as it is properly addressed and sent via an authorized method of communication.
Similarly, a termination of an offer is effective at the moment a properly addressed and stamped revocation letter is dropped in the mailbox or sent via an authorized method of communication.
The principle is based on the idea that acceptance and termination of an offer should be deemed effective when it is dispatched, rather than when it is received by the other party.
This is because the offeror has no control over the time of delivery, and it would be unfair to hold the offeree responsible for any delay or failure in transmission.
Therefore, the Mailbox Rule provides a clear and objective way to determine the time of acceptance or termination of a contract offer, which helps to avoid confusion and disputes between the parties involved.
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The costs of running service departments may be understated when using either the or method to allocate service costs.
a. True
b. false
The given statement "the costs of running service departments may be understated when using either the or method to allocate service costs" is true because the direct method allocates service department costs only to the operating departments, ignoring the services provided between service departments.
This can lead to an understatement of costs, as some service departments may require significant support from other service departments, but this interdependence is not considered in the allocation process.
On the other hand, the step-down method allocates service department costs in a sequential manner, starting with the department providing the most services to others. Once a department's costs have been allocated, no further allocation is made back to it. This approach can also result in understated costs, as it assumes that the order in which the departments are considered is correct and that there is no reciprocal service among departments.
Both methods may not capture the full extent of service department costs, which can lead to distorted cost information for decision-making purposes. To avoid these issues, the reciprocal method can be used, which considers the mutual services provided between service departments, resulting in a more accurate allocation of service costs.
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Corbit Corp, sold merchandise for $10,000 cash. The cost of merchandise sold was $7,500. The journal entries for this transaction under the perpetual inventory system would be
Oa. Cash 10,000
Sales 10,000
Cost of Merchandise Sold 10,000
Merchandise Inventory 10,000
Ob. Cash 7,590
Merchandise Inventory 7,590
Cost of Merchandise Sold 7,590
sales 7,590
Oc. cash 7,590
sales 7,590
Cost of Merchandise Sold 7,590
Merchandise Inventory 7,590
Od. Cast 10,000
sales 10,000
Merchandise Inventory 7,590
anscribed in 7,590
The correct journal entries for this transaction under the perpetual inventory system would be:
Oa. Cash 10,000
Sales 10,000
Cost of Goods Sold 7,500
Merchandise Inventory 7,500
This entry reflects the sale of merchandise for $10,000 in cash, with a cost of goods sold of $7,500, resulting in a gross profit of $2,500.
The corresponding decrease in merchandise inventory is also recorded.
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a decrease in consumption caused by a decrease in disposable income is shown by: group of answer choices a movement downward along the consumption function. a rightward shift of the consumption function. a change in the slope of the consumption function. a leftward shift of the consumption function. a movement upward along the consumption function.
A decrease in consumption caused by a decrease in disposable income is shown by a movement downward along the consumption function.
Consumption function is because the consumption function shows the relationship between disposable income and consumption, and a decrease in disposable income leads to a decrease in consumption at every level of income, resulting in a downward shift in the consumption function. The slope of the consumption function remains unchanged.
This is because a decrease in disposable income leads to lower consumption levels, and this relationship is depicted by moving along the consumption function curve rather than shifting or changing its slope.
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If the price of a good increases, (Click to select) "the demand for the good will increase" "there will be a decrease in quantity demanded" "there will be an increase in quantity demanded" "the demand for the good will decrease". The demand curve (Click to select) "does not change" "shifts leftward" "might shift rightward or leftward shifts rightward".
If the number of buyers in the market increases, (Click to select) "there will be a decrease in quantity demanded" "the demand for the good will increase" "there will be an increase in quantity demanded" "the demand for the good will decrease". The demand curve (Click to select) "shifts rightward" "shifts leftward" "might shift rightward or leftward" "does not change".
If the price of good increases, the quantity demanded of that good will decrease. This is because people will be less willing and able to purchase the good at a higher price. The demand curve does not change, but there is a movement along the curve.
If the number of buyers in the market increases, the demand for the good will increase. This is because there are more people who are willing and able to purchase the good. The demand curve shifts rightward to reflect this increase in demand.
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An integrated audit isa. required for all countriesb. required by the IAASBc. composed of a financial statement audit and an audit of internal control over financial reportingd. conducted according to audit standards of the AICPA
An integrated audit is composed of both a financial statement audit and an audit of internal control over financial reporting. Option c is answer.
This type of audit is designed to provide a more comprehensive assessment of the financial reporting process and to ensure that the financial statements are reliable and free from material misstatements.
Option a is false, as the requirement for an integrated audit may vary from country to country based on local laws and regulations.
Option b is partially true, as the International Auditing and Assurance Standards Board (IAASB) has issued standards related to integrated audits, but this does not necessarily mean that an integrated audit is required by the IAASB.
Option d is also false, as the American Institute of Certified Public Accountants (AICPA) is a professional organization that issues audit standards in the United States, but integrated audits are not specific to the AICPA standards.
Option c is the correct answer.
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occurs when each job in a company is valued appropriately relative to every other job in terms of its ability to help the firm achieve its goals.
The concept you are referring to occurs when each job in a company is valued appropriately relative to every other job in terms of its ability to help the firm achieve its goals.
This idea is known as job evaluation or internal equity, which is a vital component in creating an effective organizational structure.
Job evaluation aims to establish a fair and rational basis for determining the relative worth of different jobs within an organization. This process involves systematically comparing jobs based on their required skills, responsibilities, complexity, and overall impact on the company's success.
To implement job evaluation, organizations typically follow these steps:
1. Job analysis: Gather and document information about job responsibilities, required skills, working conditions, and other relevant factors.
2. Job documentation: Create a clear and comprehensive job description for each position, outlining its duties, skills, and requirements.
3. Selection of evaluation method: Choose an appropriate job evaluation method, such as ranking, classification, or point-factor systems, depending on the company's size and complexity.
4. Application of evaluation method: Apply the chosen method consistently across all jobs to determine their relative worth.
5. Results analysis and review: Analyze the results and adjust the job hierarchy or compensation structure accordingly to ensure internal equity.
By establishing internal equity through job evaluation, companies can promote fairness, enhance employee morale, and facilitate more effective decision-making.
Additionally, this process can help to minimize pay disparities, reduce employee turnover, and ensure that the organization attracts and retains top talent. Overall, a well-implemented job evaluation system contributes to the long-term success and stability of the company.
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online e-tailer rainbow toys wants to boost its promotional efforts for the holiday buying season. to showcase its brand, it pays to wrap an image of one of its popular products around city buses along the most traveled routes in such key markets as new york, chicago, and seattle. this method of promotional communication is called . this particular element of the promotional mix is considered selling.
Online e-tailer Rainbow Toys wants to boost its promotional efforts for the holiday buying season. To showcase its brand, it pays to wrap an image of one of its popular products around city buses along the most traveled routes in such key markets as New York, Chicago, and Seattle. This method of promotional communication is called "out-of-home advertising". This particular element of the promotional mix is considered "non-personal" selling.
As it does not involve direct interaction between the company and potential customers. Instead, it relies on mass media channels like bus wraps, billboards, and digital signage to convey the brand's message and generate interest in its products. Non-personal selling can be a cost-effective way for businesses like Rainbow Toys to create awareness and stimulate demand during peak shopping periods, especially when targeting specific geographic locations and demographics.
In summary, Rainbow Toys is leveraging out-of-home advertising, a form of non-personal selling, to boost its promotional efforts for the holiday season. By strategically placing their brand on city buses in major markets, they aim to attract the attention of potential customers and drive sales. This method allows the company to efficiently reach a large audience without the need for individual, direct interactions.
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