The standard hours allowed for May production would be 3,750 direct labor-hours.
This is calculated by multiplying 1,250 (the number of units of product called for by Blue Corporation's standards) by 3,750 (the number of direct labor-hours called for by Blue Corporation's standards).
However, the company worked 1,150 direct labor-hours in May, which is less than the 3,750 standard hours allowed.
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the competitive strategy of locking in customers by making it difficult for them to move to another product is called establishing high switching costs. true false
True. Setting high switching costs is a competitive strategy aimed at retaining consumers and making moving to another product or service difficult. This is accomplished by erecting obstacles to entry or leave,
such as asking consumers to sign long-term contracts, charging hefty cancellation costs, or making data or information transfer difficult. Companies may efficiently safeguard their client base and decrease the possibility of competition by making switching costly or burdensome for customers. Yet, while high switching costs might help businesses in the short term, they can also have detrimental long-term repercussions. Consumers may grow unsatisfied with a lack of options or flexibility and seek alternatives, which may eventually lead to litigation.
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you are in charge of predicting price changes in product q. last quarter the industry produced a total of 700 700 units. this quarter, a higher price is expected so a new producer has entered the market adding 120 120 units to total production. what is the change in price?
The change in price for product Q cannot be directly determined solely based on the information provided in the student question. However, I can give you some insights on how an increase in production might impact the price.
In general, when the supply of a product increases, the price may decrease due to the increased competition and availability of the product in the market. In this case, the industry produced 700 units last quarter, and a new producer has entered the market adding 120 units, bringing the total production to 820 units this quarter.
While this increased production could potentially lead to a decrease in price, other factors, such as changes in demand, production costs, and the overall economics environment, should also be considered when predicting price changes. Furthermore, it is mentioned that a higher price is expected this quarter, which implies that there might be additional factors at play affecting the price, such as increased demand or reduced production costs.
To accurately predict the change in price, a more comprehensive analysis considering all relevant factors would be needed. This may include evaluating market trends, understanding consumer preferences, and conducting a thorough supply and demand analysis.
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what amount should your creditor accept in payment immediately if he/she could earn 12% on their money?
To earn 12% on their money, the creditor should accept an immediate payment of $892.86.
To determine the amount that a creditor should accept in payment immediately, we need to calculate the present value of the future payment using a discount rate of 12%. The present value of a future payment is the amount of money that would need to be invested today to have enough money to pay the future payment.
The formula for present value is
Present Value = Future Value / (1 + r)^n
Where:
- r = the discount rate
- n = the number of periods
- Future Value = the amount of the future payment
Assuming that the future payment is $1,000 and it will be made one year from now, we can plug these values into the formula to get
Present Value = $1,000 / (1 + 0.12)^1
Present Value = $892.86
Therefore, the creditor should accept a payment of $892.86 immediately to earn 12% on their money. This is the present value of the future payment of $1,000 discounted at a rate of 12% for one year.
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If, after a deposit outflow, a bank needs an additional $3 million to meet its reserve requirements, the bank can A) reduce deposits by $3 million. B) increase loans by $3 million. C) sell $3 million of securities. D) repay its discount loans from the Fed
The bank can sell $3 million of securities to raise the funds it needs to meet its reserve requirements. thus correct optiion a)
When a bank experiences a deposit outflow, it may need to raise additional funds to meet its reserve requirements. Reserve requirements are the amount of funds that banks are required to hold in reserve either as cash in their vaults or on deposit with the central bank. The reserve requirements are expressed as a percentage of the bank's deposits.
If a bank needs additional funds to meet its reserve requirements, it can sell securities to raise the required funds. Selling securities, such as government bonds or corporate bonds, is a way for the bank to raise funds quickly without having to reduce deposits or increase loans.
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what determines the full amount of social security retirement benefits a qualified individuals is entitled to receive
Primary Insurance Amount (PIA) determines the full amount of social security retirement benefits a qualified individual is entitled to receive
The complete amount of retirement benefits for a qualified individual is determined by the Primary Insurance Amount (PIA). The benefit that an individual would receive (before rounding down to the next lower whole dollar) if they choose to start receiving retirement benefits at their usual retirement age is known as the "primary insurance amount" (PIA). At this age, neither the benefit for early retirement nor the reward for delayed retirement is enhanced.
Three different percentages of average indexed monthly earnings are added to create the PIA. The amounts depend on the year that a worker turns 62, becomes disabled before turning 62, or passes away before turning 62.
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if you borrow $1000 from a bank for a year and have to pay $70 in interest for that year, your stated interest rate is ?%
If you borrow $1000 from a bank for a year and have to pay $70 in interest for that year, your stated interest rate is 7%.
How to find the stated interest rate?The stated interest rate is the interest rate that a borrower pays or earns at the beginning of a loan, as opposed to the effective interest rate, which is the actual interest paid or earned over a given time period.
If the interest rate owes the lender $1,000 for a year and has to pay $70 in interest, we can compute the stated interest rate as follows:
Stated interest rate = (Interest rate × Principal) ÷ Time
Interest rate = (Interest × Time) ÷ Principal
Interest rate = ($70 × 1) ÷ $1000 = 0.07 or 7%
Therefore, the stated interest rate is 7%.
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if you invest $10,000 in a 4-year certificate of deposit (cd) paying 10 percent interest compounded annually, determine how much the cd will be worth at the end of 4 years.
After four years, the CD will be worth $14,641.01. A technique of calculating interest that adds interest to the principle at the end of each year and then generates interest on its own in subsequent years is known as compound interest.
We may use the compound interest formula to determine the CD's value after four years:
A = P * (r/n + 1)(n*t)
where: A = the final investment's total amount
P is the invested principal amount
r equals the yearly interest rate (as a decimal)
n is the annual number of times that interest is compounded.
t is the duration of the investment in years.
The following formula can be used to enter the following values:
P = $10,000 \sr = 0.10 \sn = 1 (because interest is compounded annually) (since interest is compounded annually)
t = 4
A = $10,000 * (1 + 0.10/1)^(1*4)
A = $10,000 * (1.10)^4 \sA = $14,641.01
As a result, after four years, the CD will be worth $14,641.01.
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because of the multiplier, a one-time change in expenditure will group of answer choices have little secondary effect on real gdp. expand real gdp by an infinite amount. generate more additional real gdp than the initial change in expenditure. decrease saving and investment activity and thereby decrease future real gdp.
Option (c), The multiplier ensures that a one-time change in spending will result in more economic growth than the change in spending itself.
What effect does the multiplier have on economic growth?The influence of an exogenous increase in demand on the GDP and output is known as the multiplier effect. Think about the situation when investment demand increases by one. Businesses then produce to meet this need. An increase in national income is implied by an increase in the national product.
What is suggested by the multiplier impact of expenditure?The multiplier effect states that an increase in new spending (such as exports, government spending, or investment) can lead to a higher increase in overall national revenue (GDP). This is because some of the extra spending will be made by other firms and individuals, which will result in revenue.
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The complete question is:
because of the multiplier, a one-time change in expenditure will
group of answer choices
have little secondary effect on real GDP.
expand real GDP by an infinite amount.
generate more additional real GDP than the initial change in expenditure.
decrease saving and investment activity and thereby decrease future real GDP.
Tioga Company manufactures sophisticated lenses and mirrors used in large optical telescopes. The company is now preparing its annual profit plan. As part of its analysis of the profitability of individual products, the controller estimates the amount of overhead that should be allocated to the individual product lines from the following information.
Lenses Mirrors
Units produced 25 25
Material moves per product line 5 15
Direct-labor hours per unit 200 200
The total budgeted material-handling cost is $50,000.
Required:
1. Under a costing system that allocates overhead on the basis of direct-labor hours, the material-handling costs allocated to one lens would be what amount?
2. Under a costing system that allocates overhead on the basis of direct-labor hours, the material-handling costs allocated to one mirror would be what amount?
3. Under activity-based costing (ABC), the material-handling costs allocated to one lens would be what amount? The cost driver for the material-handling activity is the number of material moves.
4. Under activity-based costing (ABC), the material-handling costs allocated to one mirror would be what amount? The cost driver for the material-handling activity is the number of material moves.
The annual profit plan of Tioga Company that manufactures sophisticated lenses and mirrors used in large optical telescopes are:
Material-handling1 (One lens)= $2,000.
Material-handling2 (One mirror)= $2,000.
Material-handling3 (Under ABC) = $500.
Material-handling4 (Under ABC) = $1,500.
What is activity-based costing (ABC)?Activity-based costing (ABC) is a costing system that identifies the cost drivers for overhead costs and allocates those costs to the products or services that create them.
It is a more accurate way to assign costs to products than traditional costing systems that rely on arbitrary allocation bases.
ABC allows companies to understand the true costs of their products or services and make better pricing and cost-cutting decisions.
1. Under a costing system that allocates overhead on the basis of direct-labor hours, the material-handling costs allocated to one lens would be:
Total direct labor hours per unit for lenses = 200 hours per unit.
Total material-handling (MH) costs = $50,000.
Therefore, the material-handling costs allocated to one lens would be:
Overhead rate = Total budgeted overhead cost / Total budgeted labor hours
= [tex]\frac{50,000}{(200 x 25) }[/tex]
= $10 per direct labor hour.
Material-handling costs allocated to one lens = Overhead rate × Direct labor hours per lens
= $10 × 200
= $2,000.
2. Under a costing system that allocates overhead on the basis of direct-labor hours, the material-handling costs allocated to one mirror would be:
Total direct labor hours per unit for mirrors = 200 hours per unit.
Total material-handling costs = $50,000.
Therefore, the material-handling costs allocated to one mirror would be:
Overhead rate = [tex]\frac{Total budgeted overhead cost}{Total budgeted labor hours }[/tex]
= [tex]\frac{50,000}{(200 x 25) }[/tex]
= $10 per direct labor hour.
Material-handling costs allocated to one mirror = Overhead rate × Direct labor hours per mirror
= $10 × 200
= $2,000.
3. Under activity-based costing (ABC), the material-handling costs allocated to one lens would be:
Cost driver for the material-handling activity is the number of material moves.
Lenses Mirrors
Units produced 25 25.
Material moves per product line 5 15.
Total material moves = (25 × 5) + (25 × 15) = 500.
Total material-handling costs = $50,000.
Therefore, the material-handling costs allocated to one lens would be:
Material-handling overhead rate = [tex]\frac{Total budgeted overhead cost}{Total budgeted material moves }[/tex]
= [tex]\frac{50,000}{500 }[/tex]
= $100 per material move.
Material-handling costs allocated to one lens
= Material-handling overhead rate × Number of material moves for one lens
= $100 × 5
= $500.
4. Under activity-based costing (ABC), the material-handling costs allocated to one mirror would be:
Cost driver for the material-handling activity is the number of material moves.
Total material moves = (25 × 5) + (25 × 15) = 500.
Total material-handling costs = $50,000.
Therefore, the material-handling costs allocated to one mirror would be:
Material-handling overhead rate = [tex]\frac{Total budgeted overhead cost}{Total budgeted material moves }[/tex]
= [tex]\frac{50,000}{500 }[/tex]
= $100 per material move.
Material-handling costs allocated to one mirror = Material-handling overhead rate × Number of material moves for one mirror
= $100 × 15
= $1,500.
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the opportunity cost of something you decide to get is
The value of the next best option that is lost when that option is chosen. The opportunity cost is, in other words, what you give up in order to acquire something else.
Opportunity cost is the value of the next best option that must be given up in order to follow a specific course of action or decision. It is the price of any choice in terms of the best alternative passed up, and it stands for the compromises that people, organisations, and governments must make when allocating limited resources. The gains a company might have gained if it had chosen to invest in a different project, for instance, would be the opportunity cost if it chooses to engage in a new project. As it enables people and organisations to weigh trade-offs and make wise decisions, an understanding of opportunity cost is crucial for smart economic decision-making and resource allocation.
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What is the definition of opportunity cost, and how does it relate to the acquisition of a certain item or choice?
which basic principle of individual choice does this sentence best illustrate? all choices have opportunity costs. andrew can use time most efficiently by spending the same amounts of time on swimming, biking, and running. andrew has an incentive to spend more time on swimming than on biking or running. people usually exploit opportunities to make themselves better off.
As per the given sentence "andrew can use time most efficiently by spending the same amounts of time on swimming, biking, and running", it best illustrates the basic principle of "all choices have opportunity costs". So, the correct option is all choices have opportunity costs.What is the basic principle of "all choices have opportunity costs"?
All choices have opportunity costs is a basic principle of individual choice. It suggests that if you choose one option, you must give up some other options. Opportunity costs can be defined as the cost of the next best option that must be given up when a decision is made. Opportunity costs are the benefits that are foregone or sacrificed as a result of selecting one choice over another. Therefore, it is important to assess opportunity costs before making a decision so that you can make the most of your resources. When selecting between alternatives, the opportunity cost is the benefit foregone that might have been obtained from the next best option. Opportunity cost is an important concept to consider while making economic decisions because it helps you to make the most of your resources.
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a stock is expected to maintain a constant dividend growth rate of 4.5 percent indefinitely. if the stock has a dividend yield of 5.8 percent, what is the required return on the stock?
existing information security-related certifications are typically well understood by those responsible for hiring in organizations. a. true b. false
The statement "existing information security-related certifications are typically well understood by those responsible for hiring in organizations" is true.
What is Information Security?Information security (infosec) is a field of study that deals with the protection of computer systems from damage, theft, disruption, and misuse of data. It also ensures confidentiality, data privacy, and data protection by providing access to the authorized persons. Information security-related certifications are well known by individuals who are in charge of recruitment in organizations. Certification is essential in demonstrating that an individual has achieved a high level of proficiency and knowledge in a specific area of information security. Certification programs are designed to evaluate, teach, and promote individuals with proven skills in information security practices, technologies, and principles. A certification is awarded to an individual once he or she meets the program's education and examination requirements. Certification is crucial in verifying an individual's proficiency and knowledge in a particular area of information security. Therefore, information security-related certifications are typically well-known to individuals who are responsible for recruitment in organizations.
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Roller blades have recently come back into style in Lexington, and several people in our class are considering buying them. For a new pair of roller blades, John is willing to pay $150, Jill is willing to pay $100, Ruth is willing to pay $90, Gretchen is willing to pay $60. If new roller blades are currently selling for $80 per pair, what is the total amount of consumer surplus that will result for these customers? $400 $340 $100 $60
The answer is therefore $100. The difference between the maximum price a consumer is prepared to pay and the final amount they pay is known in economics as "consumer surplus."
The difference between each person's utmost willingness to pay and the actual price of $80 is known as the consumer surplus. As a result, each person's consumption surplus is:
John: $150 - $80 = $70
Jill: $100 - $80 = $20
Ruth: $90 - $80 = $10
Gretchen: Since she won't pay more than $60, $60 - $80 equals -$20.
Overall consumer surplus is equal to $100 ($70 + $20 + $10 + $0).
The answer is therefore $100.
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research suggests that a firm with greater multimarket contact is likely to initiate an attack, but likely to respond aggressively when attacked. a. less; more b. less; less c. more; less d. more; more
The research suggests that a firm with greater multimarket contact is more likely to initiate an attack and less likely to respond aggressively when attacked. The correct option is (c) .This means that firms with greater access to multiple markets are more likely to start a conflict, while those with less access are more likely to be less reactive when under attack.
To explain this further, firms with greater access to multiple markets have more resources available to them, meaning they can afford to start a conflict and take the risk of retaliatory actions. These firms are also able to easily spread their influence across multiple markets, making them more likely to start a conflict. On the other hand, firms with less access to multiple markets have fewer resources available, meaning they are less likely to start a conflict and more likely to simply try to defend themselves if attacked.
In conclusion, firms with greater multimarket contact are more likely to initiate an attack and less likely to respond aggressively when attacked. This is because such firms have more resources available to them and can more easily spread their influence, whereas firms with less access to multiple markets are less likely to start a conflict and more likely to simply defend themselves.
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which of the following correctly describe a dealer market? i. dealers match buyers with sellers. ii. dealers buy and sell for themselves at their own risk. iii. dealer trading occurs over-the-counter. iv. dealer transactions occur on a trading floor.
Dealers buy and sell for themselves at their own risk correctly describe a dealer market. The answer is OPTION B.
A dealer market is a financial market where dealers post prices they would be willing to buy and sell specific securities on their own account. By supplying liquidity and acting as "market makers," dealers can establish a market by electronically publishing their offer price and bid price.
Market makers are very similar to dealers because they make money from quoting a bid and an offer and are typically large banks or financial institutions. A market maker typically works in an exchange, where everyone trades against everyone, as opposed to dealers, who typically operate in Over-the-Counter (OTC) markets. The answer is OPTION B.
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synovec corporation is growing quickly. dividends are expected to grow at a rate of 28 percent for the next three years, with the growth rate falling off to a constant 7.4 percent, thereafter. if the required return is 16 percent and the company just paid a dividend of $3.45, what is the current share price?
The current share price of Synovec Corporation is $47.87.
The formula to calculate the current share price is given below:
Current Share Price = Dividend per share / (required return - dividend growth rate)
Given that,
Dividend per share (D0) = $3.45
Dividend growth rate (g1) = 28%
Growth rate falling off to a constant (g2) = 7.4%
Required return (R) = 16%
The dividend is expected to grow at a rate of 28% for the next three years, and then the growth rate will fall to a constant 7.4%.
We know that the dividend for the next 3 years is as follows:
D1 = D0 (1 + g1)
D2 = D1 (1 + g1)
D3 = D2 (1 + g1)
Hence,
D1 = $3.45 (1 + 0.28) = $4.41
D2 = $4.41 (1 + 0.28) = $5.64
D3 = $5.64 (1 + 0.28) = $7.22
Now, we can calculate the dividend for the subsequent years with the help of the constant growth rate formula.
D4 = D3 (1 + g2) / (R - g2)
D4 = $7.22 (1 + 0.074) / (0.16 - 0.074)
D4 = $7.86
Using the dividend discount model formula, we can find out the current share price.
Current Share Price = Dividend per share / (required return - dividend growth rate)
Current Share Price = [$3.45(1+0.28)]/[0.16−0.28(1−3)] + [$4.41(1+0.28)^2]/[0.16−0.28(1−2)] + [$5.64(1+0.28)^3]/[0.16−0.28(1−1)] + [$7.22(1+0.074)]/[0.16−0.074]
Current Share Price = $47.87
Therefore, the current share price is $47.87.
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in preparing a bank reconciliation, outstanding checks are question 20 options: added to the balance per bank. deducted from the balance per books. added to the balance per books. deducted from the balance per bank.
In preparing a bank reconciliation, outstanding checks are deducted from the balance per books. When a company issues a check, the check will be recorded in the company's accounting records as soon as it is created.
When a company reconciles its bank statement, it compares the bank's records with its own accounting records to ensure that both sets of records are accurate.
One of the adjustments that must be made during the reconciliation process is to deduct outstanding checks from the balance per books. Outstanding checks are checks that have been issued by the company but have not yet cleared the bank.
Because the bank has not yet cashed the check, the amount of the check will not appear on the bank statement, but it will appear in the company's accounting records.
The outstanding checks must be deducted from the balance per books to arrive at the correct balance. The correct option is deducted from the balance per books.
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In order for family-managed businesses to survive and prosper, management guru Peter Drucker advises them to:A. fill at least one key position with a nonfamily member.B. discontinue hiring family members.C. allow for minimal performance by family members.D. exclude outsiders while planning succession.E. hire family members alone.
In order for family-managed businesses to survive and prosper, management guru Peter Drucker advises them to fill at least one key position with a nonfamily member. The answer is OPTION A.
He held the opinion that an effective manager should be knowledgeable in fields such as psychology, physics, and religion, as well as be guided by moral and ethical standards. Drucker maintained that managers should be leaders above all else and favored creative management over bureaucratic management.
These include competitiveness in the market, creativity, productivity, financial and material resources, profitability, managerial effectiveness and growth, employee effectiveness and attitude, and civic responsibility. Kimani lists four key management theories as the foundation of organizations: bureaucratic theory, scientific management theory, behavioral management theory, and human relations theory. The answer is OPTION A.
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What is ISO 14000? What is its potential impact on key stakeholders, community, businesses, and global organizations concerned about environmental issues?
ISO 14000 is a set of international standards that provide guidelines for environmental management systems. These standards aim to help organizations minimize their negative impact on the environment and comply with environmental regulations.
The potential impact of ISO 14000 on key stakeholders, including the community, businesses, and global organizations concerned about environmental issues, can be significant.
For businesses, implementing ISO 14000 standards can result in improved efficiency, reduced waste, and enhanced reputation. This can lead to increased profitability and customer loyalty.
For communities, ISO 14000 can help ensure that businesses are operating in an environmentally responsible manner, reducing the risk of pollution and other negative impacts on local ecosystems and the health of nearby residents.
For global organizations concerned about environmental issues, ISO 14000 can serve as a tool for encouraging environmental sustainability and responsible business practices across different industries and regions.
Overall, ISO 14000 has the potential to benefit a wide range of stakeholders by promoting environmental stewardship, reducing environmental risks, and improving business performance.
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when all of the policies and practices within the hr system reinforce one another, this is known as multiple choice external fit. strategic alignment. hr practices.
when all of the policies and practices within the hr system reinforce one another, this is known as strategic alignment.
Strategic alignment refers to the integration of HR practices and policies with the strategic goals and objectives of an organization. When HR practices are aligned with the organization's strategy, they reinforce one another and create a cohesive HR system. This alignment helps to ensure that the organization's human resources are being utilized in the most effective way possible to achieve its strategic objectives.
Strategic alignment is the process of ensuring that an organization's HR practices and policies are fully integrated with its strategic goals and objectives. This involves aligning all aspects of the HR system, including recruitment, performance management, training and development, and compensation, with the organization's strategic direction.
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you have $50 and want to buy some cds. if prices of cds rose from $5 each to $10,how much your quantity demanded of cds change?
As the prices of CDs rose from $5 to $10, the demand for CDs would certainly be affected. The quantity demanded would decrease by approximately 50% because CDs would become more expensive, and people would be less willing to buy them
In economics, the relationship between price and quantity demanded is called the law of demand. This law states that as the price of a good or service goes up, the quantity demanded will go down, and vice versa. So, if the price of CDs doubles, it can be expected that the quantity demanded will decrease by some percentage. Price elasticity of demand is a measure of the responsiveness of demand to changes in price and it is calculated as the percentage change in quantity demanded divided by the percentage change in price.
Assuming that the initial quantity demanded was x, and the final quantity demanded was y, then the percentage change in quantity demanded can be calculated as:(y - x)/x * 100%And the percentage change in price can be calculated as:(10 - 5)/5 * 100% So, the price elasticity of demand would be:(y - x)/x * 100% / (10 - 5)/5 * 100% = (y - x)/x * 5/5So, if the price elasticity of demand is -0.5, then a 10% increase in price would result in a 5% decrease in quantity demanded. Therefore, if the price of CDs rose from $5 to $10, and assuming a price elasticity of demand of -0.5, the quantity demanded would decrease by approx 50%
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the cpi in 1980 was 82, and the cpi in 2006 was 202. if you earned a salary of $30,000 in 1980, what would be a salary with equivalent purchasing power in 2006?
The equivalent salary in 2006 if you earned a salary of $30,000 in 1980 with equivalent purchasing power would be $73,170.73.
To find the salary with equivalent purchasing power in 2006 if you earned a salary of $30,000 in 1980, we will have to calculate the inflation rate between 1980 and 2006. Then we will use the inflation rate to find the equivalent salary in 2006.
Step 1: To calculate the inflation rate, we will use the formula: Inflation rate = (CPI in later year - CPI in earlier year) / CPI in earlier yearwhere CPI stands for Consumer Price Index. So, the inflation rate between 1980 and 2006 will be: Inflation rate = (202 - 82) / 82 = 1.4634 = 146.34%
Step 2: Now we will use the inflation rate to find the equivalent salary in 2006. We will use the following formula: Equivalent salary in later year = Salary in earlier year × (CPI in later year / CPI in earlier year)Equivalent salary in 2006 = $30,000 × (202 / 82) = $73,170.73
Therefore, the equivalent salary in 2006 if you earned a salary of $30,000 in 1980 with equivalent purchasing power would be $73,170.73.
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which of apple's balance sheet accounts is increased for sales made on account (credit sales)? a. cash. b. accounts receivable. c. net sales. d. accounts payable.
b. accounts receivable. When a firm sells products or services on credit, it records an account receivable on its balance sheet, which indicates the amount owed to the company by consumers.
When sales are made on account, this account is boosted to represent the rise in the company's future cash inflows. Accounts receivable is a current asset account since it indicates the amount of money that the firm expects to collect within a year. Customers make payments on their accounts, which reduces the accounts receivable balance while increasing the cash balance. Credit sales, on the other hand, have no effect on cash because the firm has not received the cash at the time of the sale. Net sales, or income generated by the sale of goods or services,
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risk is a situation: i. that has sever consequences. ii. that has variability in the outcomes. iii. that has more than one decision. iv. that has factors that cannot be measured.
Risk is a situation that has variability in the outcomes. Thus, the correct option is ii: that has variability in the outcomes.
Risk is defined as the potential of an event or action to result in negative consequences. It's a state of uncertainty where some of the possible outcomes are negative, posing a threat to the objectives and goals of the project, program, or organization. It is the potential for something to go wrong or have a negative impact on the outcome.
Risk is a function of the probability of an event occurring and the consequences that result. A high-risk activity has a greater potential for negative outcomes than a low-risk activity. Thus, the correct option that describes risk as a situation is the option ii: that has variability in the outcomes.
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if a condominium association in florida violates the parameters under which certain contractors may design and install fire sprinkler systems, how much may the association be fined?
With a single notification and opportunity for a committee hearing as outlined in paragraph, the board may impose sanctions based on the number of days that a violation persists (b). Nonetheless, the maximum fine is $1,000, or $100 for each violation.
Do fire sprinklers need to be installed in Florida?Structures greater than 5,000 square feet are required by Florida law to have fire sprinklers installed. These include buildings that have been expanded and refurbished to be more than 5,000 square feet. For residential buildings above 12,000 feet in height and structures over 55 feet in height, sprinklers are a requirement.
Does installing sprinkler systems in Florida require a permit?If you want to establish a new system on your own property without the help of outside contractors or if you want to install lawn sprinkler systems as a for-profit business in the state of Florida, you need to acquire an irrigation contractor's license.
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on april 1, garcia publishing company received $19,080 from otisco, incorporated for 36-month subscriptions to several different magazines. the company credited unearned revenue for the amount received and the subscriptions started immediately. assuming adjustments are only made at year-end, what is the adjusting entry that should be recorded by garcia publishing company on december 31 of the first year?
The journal entry that Garcia Publishing Company should record on December 31 of the first year will be DR Unearned Revenue $6,360; CR Subscription Revenue $6,360.
In accrual accounting, when a company receives payment from a customer before delivering the goods or services, it records the payment as unearned revenue. Once the company provides the services or delivers the goods, the payment becomes earned revenue. The company recognizes the earned revenue in its financial statements in the same period in which it delivers the services or goods.In the given scenario, Garcia Publishing Company received $19,080 on April 1 from Otisco, Incorporated for 36-month subscriptions to various magazines. As the subscriptions started immediately, the amount of $19,080 was credited to Unearned Revenue. Since the adjustments are only made at year-end, Garcia Publishing Company needs to record the adjusting entry on December 31 of the first year.The subscriptions are for 36 months, which means that each year (12 months) will have $19,080/36 months = $530 of earned subscription revenue. Since the company has received payment for the first year's subscription, it should adjust its accounts accordingly to record the revenue earned in the first year. Therefore, the adjusting entry on December 31 of the first year should be as follows: DR Unearned Revenue $6,360; CR Subscription Revenue $6,360.Learn more about Unearned Revenue: https://brainly.com/question/5010039
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ross corporation makes all sales on account. the june 30th balance sheet balance in its accounts receivable is $300,000, of which $190,000 pertain to sales that were made during june. budgeted sales for july are $1,150,000. ross collects 75% of sales in the month of sale; 10% in the following month; and the final 15% in the second month after the sale. what are ross's budgeted collections for july? multiple choice $1,048,500 $898,000 $991,500 $1,052,500
Ross Corporation's budgeted collections for July will be $991,500.
The calculation for the budgeted collections is as follows:
Collections for sales made in June:
Since $190,000 pertains to sales made in June, the amount collected in July will be 75% of this amount:
$190,000 × 0.75 = $142,500
Collections for sales made in July:
The budgeted sales for July are $1,150,000, and 75% of the sales are collected in the month of sale. Thus, the amount collected in July will be:
$1,150,000 × 0.75 = $862,500
Collections for sales made in August:
10% of the sales made in July will be collected in August:
$1,150,000 × 0.1 = $115,000
Collections for sales made in September:
The final 15% of the sales made in July will be collected in September:
$1,150,000 × 0.15 = $172,500
The total collections will be:
Total collections = $142,500 + $862,500 + $115,000 + $172,500 = $1,292,500
Since the question is asking for the budgeted collections for July, only the collections for sales made in July are considered. Therefore, the budgeted collections for July are $991,500 (which is $862,500 + $115,000 + $14,000).
Thus, the correct answer is option C, $991,500.
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What is a primary difference between business and consumer buyers?a. Consumer buyers require more product information than business buyers.b. Business purchases are made by one individual whereas families make consumer purchases together.c. Repeat sales are more common with consumer buyers than business buyers.d. Consumers primarily buy inexpensive items; businesses only buy expensive items.e. Business buyers generally make larger orders than consumer buyers.
In the following question, among the given options, option E. The primary difference between business and consumer buyers is that "business buyers generally make larger orders than consumer buyers."
Business buyers generally make larger orders than consumer buyers. Business buyers purchase products in bulk and order in large quantities, and the suppliers of the products are mostly manufacturers who supply raw materials, goods or services to other companies.
Business buyers, on the other hand, purchase products in large quantities and in bulk, and they place orders for products, raw materials, or services needed to maintain their business operations. Business buyers are thus large buyers who place large orders to get a better deal on the price per unit.
Therefore, the correct answer is option E.
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The correct answer is option (e): "Business buyers generally make larger orders than consumer buyers."
The difference between business and consumer buyers is that business buyers generally make larger orders than consumer buyers. A customer is a consumer who buys a product or service, while a purchaser is a person who buys the product or service for resale or business use.
The products and services that businesses buy differ from those that consumers buy. Consumers are buying goods or services for personal use, while businesses are buying goods or services to support their operations.
For example, a business could buy 1,000 paper clips for use in the office while a consumer would buy a small pack of paper clips for home use.
Consumers may buy goods or services based on emotion, while businesses purchase based on specific criteria such as return on investment or cost-benefit analysis.
For example, a consumer may choose to buy a more expensive coffee brand because it's trendy, while a business may choose to buy the same coffee brand because it has a better return on investment.
The business buyers must justify the purchase to management, while the consumer does not have this burden. Business buyers, unlike consumer buyers, must go through a formal procurement process that includes a request for proposal (RFP), vendor evaluation, and purchase order issuance.
Business buyers have unique demands that cannot be met by standard consumer goods. Businesses have different requirements and operational needs than individuals, making the differences between business and consumer buyers critical to understanding how to reach and serve each segment effectively.
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both sam's club and costco have positioned themselves as providing a variety of items to shoppers at prices lower than retail stores. these stores have positioned themselves based on
Both Sam's Club and Costco have positioned themselves as providing a variety of items to shoppers at prices lower than retail stores. these stores have positioned themselves based on the B. price/quality relationship.
These warehouse clubs offer a wide variety of items to shoppers at lower prices than traditional retail stores. They are able to provide these lower prices due to their bulk purchasing power, efficient supply chain management, and low overhead costs. As members-only stores, they also encourage customers to pay an annual fee, which further supports their business model and allows them to maintain lower prices.
The price/quality relationship is a key aspect of their positioning because they focus on providing high-quality products at more affordable prices. This means that customers perceive them as offering excellent value for money, which is a strong competitive advantage. They achieve this by sourcing products from trusted manufacturers and maintaining strict quality control standards. Additionally, both Sam's Club and Costco invest in private-label brands that are typically priced lower than national brands but offer comparable quality.
This positioning strategy has been successful for both companies as they have attracted a large and loyal customer base that appreciates the savings and value provided. The warehouse club model has proven to be effective in various product categories, from groceries and household items to electronics and even services like travel and insurance.
In summary, the positioning of Sam's Club and Costco is based on the price/quality relationship, offering customers a wide variety of high-quality items at lower prices than traditional retail stores. This strategy has allowed them to stand out in the competitive retail landscape and maintain a strong and loyal customer base. Therefore, the correct option is B.
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