The option that does not affect a make-or-buy decision is incremental revenue. Make-or-buy decisions are based on comparing the costs of producing a product or service in-house versus outsourcing it to a supplier.
Variable manufacturing costs, opportunity costs, and direct labor are all factors that can impact the decision by affecting the overall costs involved. However, incremental revenue is not relevant in this decision as it is related to the additional revenue that a company can generate by selling more units of a product,
which is not directly related to the decision to make or buy a product or service. Option 3) Incremental revenue does not affect a make-or-buy decision. Make-or-buy decisions typically involve comparing variable manufacturing costs, opportunity costs, and direct labor costs to determine whether it's more cost-effective to produce a product in-house or outsource its production.
Incremental revenue, on the other hand, relates to the additional income generated from selling more units of a product, which is not directly relevant to the make-or-buy decision.
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explicit costs of an ipo tend to be around ______ of the funds raised.
The explicit costs of an IPO (Initial Public Offering) tend to be around 5-7% of the funds raised.
These expenditures include underwriting fees, legal fees, accounting fees, and other IPO-related charges. Underwriting fees are the largest component of these costs, and typically range from 2-5% of the total funds raised.
The exact amount of costs can vary depending on various factors such as the size of the offering, the complexity of the transaction, and the negotiating power of the issuer.
It's worth noting that these explicit costs are just one component of the total cost of an IPO, and there may be other indirect costs associated with the process, such as the loss of control and the increased regulatory and reporting requirements.
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compared to a command and control government approach to reducing pollution, a marketbased system of tradable pollution allowances is:
A market-based system of tradable pollution allowances is a more flexible and efficient approach to reducing pollution than a command and control government approach.
In a command and control system, the government sets strict regulations and standards for pollution reduction, leaving little room for innovation and individual decision-making.
On the other hand, a market-based system allows for companies to trade pollution allowances, giving them the flexibility to decide how to best reduce their own emissions while also creating a market incentive for innovative and sustainable practices.
This system also encourages companies to invest in cleaner technologies and processes to reduce their pollution, ultimately leading to a more efficient and cost-effective way to achieve environmental goals.
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suppose you bought a put option with a strike price of $35 for $4. what would be your profit if the underlying stock is worth $48 at option expiration? (asking for profit this time. a negative profit means a loss)
If you bought a put option with a strike price of $35 for $4 and the underlying stock is worth $48 at option expiration, then your profit would be $28.
This is because you have the right to sell the stock at the strike price of $35, which is $13 less than the market price of $48. Therefore, your profit would be the difference between the strike price and the market price, which is $13, minus the cost of the option, which is $4. So, your profit would be $13 - $4 = $9 per share. If you bought 100 shares, your total profit would be $900. In this case, your profit would be negative, as you would lose the premium paid for the option. Your loss would be $4, which is the cost of the put option.
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the technique of telling consumers to "use brand x!" is traceable to ____ law of ____.
The technique of telling consumers to "use brand x!" is traceable to the law of trademarks. Trademarks are unique symbols, designs, or words that identify and distinguish a brand's products from those of its competitors.
Trademarks allow companies to build a reputation for quality and consistency, and they also give consumers a way to easily identify the products they prefer. When a company encourages consumers to "use brand x!" they are essentially promoting their trademarked product and urging consumers to choose their brand over others. This technique is an important part of modern marketing, as companies seek to differentiate themselves in crowded marketplaces.
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system 2 thinking is driven by _____________ and is typically ______________.
System 2 thinking is driven by conscious effort and is typically slow and deliberate. This type of thinking involves analytical processes and logical reasoning, which require more cognitive resources than System 1 thinking.
System 2 thinking is driven by conscious effort and is typically slower and more deliberate than System 1 thinking.
System 2 thinking involves a more analytical approach to problem-solving and decision-making, where one consciously evaluates the available information, applies critical thinking skills, and makes deliberate choices. By engaging in System 2 thinking, individuals can make more informed and rational decisions, as they carefully consider the available information and weigh the potential outcomes. However, this type of thinking can be cognitively taxing and time-consuming, making it less efficient in certain situations where quick judgments or intuitive responses are necessary.This type of thinking is often used in complex or unfamiliar situations where automatic, intuitive responses may not be sufficient. System 2 thinking also requires a significant amount of mental energy and can be taxing on the brain, leading to decision fatigue. Overall, System 2 thinking plays an important role in our cognitive processes and allows us to make informed decisions based on careful analysis and evaluation of available information.Know more about the cognitively taxing
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You have been asked to balance a flow shop assembly operation to achieve an output rate of 80 units over two eight-hour shifts - 16 hours. Task times and precedence relationships are shown in the table below:
Task Predecessor Time (minutes)
A -- 2
B A 4
C 7
D A, B 11
E C 9
F D 10
G E, F 7
H D, G 4
What is the cycle time in minutes?
What is the theoretical number of stations?
Based on Longest Operating Time, were you able to group based on the theoretical number of stations?
and what station is task E assigned to?
Based on your grouping and following the longest operating time rule, is there and opportunity to balance the line more efficiently?
If so, what is the new cycle time
efficiency
and idle time
What is the total actual idle time at all stations over the course of an 16 hour workday for the process based on your answer to letter d.?
The cycle time is the maximum time allowed for each station to complete its work to meet the desired output rate: the cycle time is 480/80 = 6 minutes
To calculate the cycle time, we need to divide the available time by the required output rate, which in this case is 80 units over 16 hours, or 480 minutes. Therefore, the cycle time is 480/80 = 6 minutes.
The theoretical number of stations can be calculated by dividing the sum of task times by the cycle time, which is (2+4+7+11+9+10+7+4)/6 = 14.33, which rounds up to 15 stations.
Based on the Longest Operating Time rule, we can group the tasks into 15 stations, but this results in idle time at certain stations. Task E is assigned to station 7.
However, we can balance the line more efficiently by moving task E to station 3. This allows us to group tasks based on their total time, resulting in 8 stations with an improved efficiency of 86.33%. The new cycle time is (2+4+7+11)/4 = 6.0 minutes, and the idle time is (6 - 5.25) x 8 = 5.75 minutes.
The total actual idle time at all stations over the course of a 16-hour workday would be 8 x 5.75 = 46 minutes. Therefore, by balancing the line more efficiently, we can reduce idle time and increase efficiency, ultimately improving productivity and reducing costs.
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complete question:
You Have Been Asked To Balance A Flow Shop Assembly Operation To Achieve An Output Rate Of 80 Units Over Two Eight-Hour Shifts - 16 Hours. Task Times And Precedence Relationships Are Shown In The Table Below: Task Predecessor Time (Minutes) A -- 2 B A 4 C 7 D A,
You have been asked to balance a flow shop assembly operation to achieve an output rate of 80 units over two eight-hour shifts - 16 hours. Task times and precedence relationships are shown in the table below:
Task Predecessor Time (minutes)
A -- 2
B A 4
C 7
D A, B 11
E C 9
F D 10
G E, F 7
H D, G 4
What is the cycle time in minutes?
What is the theoretical number of stations?
Based on Longest Operating Time, were you able to group based on the theoretical number of stations?
and what station is task E assigned to?
Based on your grouping and following the longest operating time rule, is there and opportunity to balance the line more efficiently?
If so, what is the new cycle time
efficiency
and idle time
What is the total actual idle time at all stations over the course of an 16 hour workday for the process based on your answer to letter d.?
MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $3 per pound and 07 direct labor hour at a rate of $11 per hour. Variable overhead is budgeted at a rate of $3 per direct labor hour . Budgeted fixed overhead is $13,000 per month. The company's policy is to end each month with direct materials inventory equal to 30% of the next month's direct materials requirement. At the end of August the company had 2,640 pounds of direct materials in inventory. The company's production budget reports the following Production Budget September October November units to produce 4,400 6,400 6,300 (1) Prepare direct materials budgets for September and October (2) Prepare direct labor budgets for September and October (3) Prepare factory overhead budgets for September and October Required 1 Required 2 Required 3 Prepare direct materials budgets for September and October. MCO Leather Direct Materials Budget September October Units to produce Materials needed for production (pounds) Total materials required (pounds) 0 0 Materials to purchase (pounds) 0 0 Cost of direct materials purchases $ 0 $ 0 Pequired Required 1 Required 2 Required 3 Prepare direct labor budgets for September and October. (Round "DL MCO Leather Direct Labor Budget September October Units to produce Direct labor hours needed 0 C 0 Cost of direct labor $ 0 GA 0 < Required 1 R. Required 1 Required 2 Requited 3 Prepare factory overhead budgets for September and October. MCO Leather Factory Overhead Budget September October Direct labor hours needed Budgeted variable overhead $ 0 $ 0 Budgeted total factory overhead $ 0 $ 5 0 < Required 2
The direct materials budget for September is $58,590 and for October is $45,210.
(2) The direct labor budget for September is $54,600 and for October is $42,120.
(3) The factory overhead budget for September is $29,400 and for October is $22,680.
To prepare the direct materials budget, first, we need to calculate the materials required for production. For September, we need 6,500 units, and each unit requires 3 pounds of materials. Therefore, we need 19,500 pounds of materials for September. Adding 30% of the next month's materials requirement (5,000 units × 3 pounds × 30%), we need a total of 23,400 pounds of materials.
Since we had 3,180 pounds of materials in inventory at the end of August, we need to purchase 20,220 pounds of materials in September. Multiplying this by the cost per pound of $3 gives us a total direct materials budget of $58,590.
Similarly, for October, we need 15,000 pounds of materials (5,000 units × 3 pounds), plus 30% of November's materials requirement (6,500 units × 3 pounds × 30%), giving a total of 19,500 pounds. Deducting the 3,180 pounds of materials in inventory at the end of September, we need to purchase 16,320 pounds of materials in October, giving a total direct materials budget of $45,210.
(2) To prepare the direct labor budget, we need to multiply the number of units to be produced by the direct labor hours required per unit and the direct labor rate per hour.
For September, we need 6,500 units, and each unit requires 0.7 direct labor hours. Therefore, we need 4,550 direct labor hours for September. Multiplying this by the direct labor rate of $12 per hour gives us a total direct labor cost of $54,600. Similarly, for October, we need 3,500 direct labor hours (5,000 units × 0.7 hours) at a cost of $12 per hour, giving a total direct labor cost of $42,120.
(3) To prepare the factory overhead budget, we need to calculate the total fixed and variable factory overhead costs for each month. The variable factory overhead cost is calculated by multiplying the direct labor hours by the variable overhead rate of $2 per hour. For September, we need 4,550 direct labor hours, giving a variable overhead cost of $9,100.
Adding the fixed overhead cost of $18,000, we get a total factory overhead cost of $27,100 for September. Similarly, for October, we need 3,500 direct labor hours, giving a variable overhead cost of $7,000. Adding the fixed overhead cost of $18,000, we get a total factory overhead cost of $22,680 for October.
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complete question:
MCO Leather Goods manufactures leather purses. Each purse requires 3 pounds of direct materials at a cost of $3 per pound and 0.7 direct labor hours at a rate of $12 per hour. Variable manufacturing overhead is charged at a rate of $2 per direct labor hour. Fixed manufacturing overhead is $18,000 per month. The company's policy is to end each month with direct materials inventory equal to 30% of the next month's materials requirement. At the end of August the company had 3180 pounds of direct materials in inventory. The company's production budget reports the following. Production Budget Units to be produced September OctoberNovember 6,500 5,000 6,500
(1) Prepare direct materials budgets for September and October.
(2) Prepare direct labor budgets for September and October.
(3) Prepare factory overhead budgets for September and October
the accompanying figure describes the market for gasoline in a local community. if the government were to place a price floor at p1, predict the resulting surplus or shortage. a. there would be a surplus of 75,000 units. b. there would be a shortage of 75,000 units. c. there would be neither a shortage nor a surplus. d. there would be a surplus of 150,000 units. e. there would be a shortage of 150,000 units.
If the government were to place a price floor at p1, there would be a surplus of 75,000 units of gasoline in the local community market.
If the government were to place a price floor at p1, it would be above the equilibrium price, causing a surplus of gasoline. The equilibrium price is where the quantity demanded and quantity supplied intersect. In the accompanying figure, the equilibrium price is at point A where the demand curve and supply curve intersect. If the government sets a price floor at p1, it would be higher than the equilibrium price, causing a decrease in quantity demanded and an increase in quantity supplied. This means that suppliers would be willing to supply more gasoline at the higher price, but consumers would be less willing to buy it.
Therefore, there would be a surplus of gasoline in the market, as suppliers would be producing more than what consumers are willing to buy. To determine the amount of surplus, we can subtract the quantity demanded at price p1 from the quantity supplied at price p1. From the graph, we can see that the quantity demanded at price p1 is 200,000 units, while the quantity supplied at price p1 is 125,000 units. Therefore, there would be a surplus of 75,000 units.
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on december 31, 2021, bevo inc. had 310,000 shares of common stock issued and outstanding. bevo inc. issued a 7% stock dividend on june 30, 2022. on september 30, 2022, 30,000 shares of common stock were reacquired as treasury stock. determine the appropriate number of shares to be used in the basic earnings per share computation for 2022.
Number of shares for basic earnings per share computation in 2022 is 233,350 after considering stock dividend and treasury stock.
To determine the appropriate number of shares to be used in the basic earnings per share computation for 2022, we need to consider the shares issued, outstanding, and reacquired during the year.
As of December 31, 2021, Bevo Inc. had 310,000 shares of common stock issued and outstanding. On June 30, 2022, Bevo Inc. issued a 7% stock dividend, which means an additional 7% of the outstanding shares were issued as new shares.
To calculate the number of shares issued as a dividend, we can use the following formula:
Shares issued as dividend = Outstanding shares * Dividend percentage
Shares issued as dividend = 310,000 * 0.07
Shares issued as dividend = 21,700
Therefore, after the stock dividend was issued, the total number of shares outstanding became:
Total shares outstanding = Outstanding shares + Shares issued as dividend
Total shares outstanding = 310,000 + 21,700
Total shares outstanding = 331,700
On September 30, 2022, Bevo Inc. reacquired 30,000 shares of common stock as treasury stock. Treasury stock refers to shares of a company's stock that have been bought back from the shareholders and are being held by the company.
Therefore, the appropriate number of shares to be used in the basic earnings per share computation for 2022 would be:
Weighted average shares outstanding = (Outstanding shares * Months outstanding) + (Shares issued as dividend * Months outstanding) - (Treasury shares * Months outstanding) / 12
Weighted average shares outstanding = ((310,000 * 9) + (21,700 * 6) - (30,000 * 3)) / 12
Weighted average shares outstanding = (2,790,000 + 130,200 - 90,000) / 12
Weighted average shares outstanding = 233,350
Therefore, the appropriate number of shares to be used in the basic earnings per share computation for 2022 is 233,350.
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the head of the company cafeteria wanted to get an idea of how employees felt about cafeteria food. therefore, she gave a discount of $1 on cafeteria food to any employee that filled out a survey which asked them to compare the cafeteria food to a homemade lunch. what error did she make?first employee has just won a recognition award for top sales. the second employee won the award the past three quarters but sales went down this quarter. the manager gives the higher rating to the first employee.
The head of the company cafeteria made a selection bias error by only giving the discount to employees who filled out the survey.
This could lead to an over-representation of those who have a stronger opinion about the food and may not accurately reflect the overall opinion of all employees. It's possible that those who didn't fill out the survey might have a different opinion about the cafeteria food.
As for the second scenario, the manager made an error in using recency bias to evaluate the employees. Just because the first employee won an award for top sales doesn't necessarily mean that they are performing better than the second employee. The manager should have taken into account the previous quarters' performance of both employees before making a rating decision.
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Consider the following hide-and-seek game between two players. Player 1 puts a dollar bill into one of the three boxes without telling Player 2. Player 2 picks one box of his choice and opens it. Player 2 gets to keep the content of the box he opened and the content of the other two boxes remains with Player 1.
(a) Formulate this as a game in an extensive form. Argue that there is no equilibria in pure strategies.
(b) Solve for an equilibrium.
(c) Consider the following modification of the game. At the beginning of the game Player 1 puts a dollar into a box of his choice without telling Player 2 the location of the dollar. Player 2 then takes one box, but does not open it yet. After that, Player 1 has to choose one of the two remaining boxes and show its content to Player 2. Once it is done, Player 2 can either keep the box that he previously selected or can reconsider and take one of the two other boxes. Once Player 2 makes his final choice, the game ends. At the end of the game Player 2 gets the content of the box he obtained and the content of the other two boxes remains with Player 1. Solve for an equilibrium of the game. Does Player 2 always open the box he has originally chosen or does he reconsider? Give an intuition for your answer.
A)to modify the game and solve for an equilibrium, and determine if Player 2 should reconsider his choice.B)There is a mixed strategy equilibrium where Player 1 puts the dollar bill into each box with a probability of 1/3, and Player 2 chooses each box with a probability of 1/3.C)The equilibrium is for Player 1 to put the dollar into any box with a probability of 1/3, Player 2 to select the box with a probability of 1/3, and to always stick with his original choice.
A) In this question, we are asked to formulate and solve a hide-and-seek game between two players. In the first part, we are required to argue that there are no equilibria in pure strategies. In the second part, we need to solve for an equilibrium. In the third part, we are asked to modify the game and solve for an equilibrium, and determine if Player 2 should reconsider his choice.
B) In the original game, if Player 1 puts the dollar bill into the first box, Player 2 should choose to open the second box as the probability of the dollar being in the third box is higher. If Player 1 puts the dollar into the second box, Player 2 should choose to open the third box. If Player 1 puts the dollar in the third box, Player 2 should choose to open the first box.
Therefore, there is no pure strategy equilibrium as the optimal choice of Player 2 depends on the choice of Player 1. However, there is a mixed strategy equilibrium where Player 1 puts the dollar bill into each box with a probability of 1/3, and Player 2 chooses each box with a probability of 1/3.
C) In the modified game, Player 2 will always choose the box he originally selected as he knows that there is a 50% chance that the dollar is in the box he chose. If Player 1 reveals a box that does not contain the dollar, then Player 2 is still better off choosing the box he originally selected as there is still a 50% chance that the dollar is in that box.
Therefore, the equilibrium is for Player 1 to put the dollar into any box with a probability of 1/3, Player 2 to select the box with a probability of 1/3, and to always stick with his original choice.
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which of the following most likely would approve the issuance of notes payable?multiple choicecontroller.treasurer.payroll.personnel.
The Treasurer would be the most likely person to approve the issuance of notes payable. The most likely person to approve the issuance of notes payable would be the Treasurer.
The Treasurer is responsible for managing the financial assets and liabilities of a company, including the issuance of debt instruments such as notes payable. The Treasurer works closely with the company's financial management team and is responsible for developing and implementing financial policies and procedures that ensure the company's financial stability. The Treasurer also monitors the company's cash flow and manages the company's investments. The Controller is responsible for managing the accounting and financial reporting functions of a company, including the preparation of financial statements and reports. The Payroll and Personnel departments are responsible for managing employee compensation and benefits. While these departments may have some involvement in the company's financing activities, they are not typically involved in the approval of debt instruments such as notes payable. Therefore, the Treasurer would be the most likely person to approve the issuance of notes payable.
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suppose you purchase one texas instruments august 75 call contract quoted at $8.50. if, at expiration, the price of a share of texas instruments stock is $79, your profit would be . (note: one contract consists of 100 options.) question 4 options: a) 400 b) -400 c) 450 d) -450
The price of a share of texas instruments stock is $79, your profit would be . (note: one contract consists of 100 options is (a) $400.
The option contract gives you the right, but not the obligation, to buy 100 shares of Texas Instruments stock at a strike price of $75 per share.
If the price of the stock is $79 at expiration, you can exercise your call option and buy 100 shares of the stock at the lower strike price of $75 per share. You can then turn around and sell those shares at the market price of $79 per share, realizing a profit of $4 per share.
Since you have 100 shares due to the one contract consisting of 100 options, your total profit would be:
Profit = (Sale price - Purchase price) x Number of shares
Profit = ($79 - $75) x 100
Profit = $400.
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Red Canyon T-shirt Company operates a chain of T-shirt shops in the southwestern United States. The sales manager has provided a sales forecast for the coming year, along with the following information:
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Budgeted Unit Sales 40,000 60,000 30,000 60,000
• Each T-shirt is expected to sell for $15.
• The purchasing manager buys the T-shirts for $6 each.
• The company needs to have enough T-shirts on hand at the end of each quarter to fill 25 percent of the next quarter’s sales demand.
• Selling and administrative expenses are budgeted at $80,000 per quarter plus 10 percent of total sales revenue.
Required:
1. Determine budgeted sales revenue for each quarter.
2. Determine budgeted cost of merchandise purchased for each quarter.
3. Determine budgeted cost of good sold for each quarter.
4. Determine selling and administrative expenses for each quarter.
5. Complete the budgeted income statement for each quarter.
The budgeted income statement for each quarter of Red Canyon T-shirt Company shows the estimated sales revenue, cost of goods sold, gross profit, and selling and administrative expenses. The calculations take into account the forecasted unit sales, cost per unit, and inventory management policies.
Budgeted sales revenue for each quarter:
Quarter 1: 40,000 x $15 = $600,000
Quarter 2: 60,000 x $15 = $900,000
Quarter 3: 30,000 x $15 = $450,000
Quarter 4: 60,000 x $15 = $900,000
Budgeted cost of merchandise purchased for each quarter:
Quarter 1: 40,000 x $6 = $240,000
Quarter 2: 60,000 x $6 = $360,000
Quarter 3: 30,000 x $6 = $180,000
Quarter 4: 60,000 x $6 = $360,000
Budgeted cost of goods sold for each quarter:
Quarter 1:
Beginning Inventory: 0
Add Purchases: $240,000
Total Goods Available for Sale: $240,000
Less Ending Inventory: 0.25 x 60,000 x $6 = $90,000
Cost of Goods Sold: $150,000
Quarter 2:
Beginning Inventory: 0.25 x 40,000 x $6 = $60,000
Add Purchases: $360,000
Total Goods Available for Sale: $420,000
Less Ending Inventory: 0.25 x 30,000 x $6 = $45,000
Cost of Goods Sold: $315,000
Quarter 3:
Beginning Inventory: 0.25 x 60,000 x $6 = $90,000
Add Purchases: $180,000
Total Goods Available for Sale: $270,000
Less Ending Inventory: 0.25 x 60,000 x $6 = $90,000
Cost of Goods Sold: $180,000
Quarter 4:
Beginning Inventory: 0.25 x 30,000 x $6 = $45,000
Add Purchases: $360,000
Total Goods Available for Sale: $405,000
Less Ending Inventory: 0.25 x 60,000 x $6 = $90,000
Cost of Goods Sold: $315,000
Selling and administrative expenses for each quarter:
Quarter 1: $80,000 + 10% x $600,000 = $140,000
Quarter 2: $80,000 + 10% x $900,000 = $170,000
Quarter 3: $80,000 + 10% x $450,000 = $125,000
Quarter 4: $80,000 + 10% x $900,000 = $170,000
Budgeted income statement for each quarter:
Quarter 1:
Sales Revenue: $600,000
Cost of Goods Sold: $150,000
Gross Profit: $450,000
Selling and Administrative Expenses: $140,000
Net Income: $310,000
Quarter 2:
Sales Revenue: $900,000
Cost of Goods Sold: $315,000
Gross Profit: $585,000
Selling and Administrative Expenses: $170,000
Net Income: $415,000
Quarter 3:
Sales Revenue: $450,000
Cost of Goods Sold: $180,000
Gross Profit: $270,000
Selling and Administrative Expenses: $125,000
Net Income: $145,000
Quarter 4:
Sales Revenue: $900,000
Cost of Goods Sold: $315,000
Gross Profit: $585,000
Selling and Administrative Expenses: $170,000
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3. the market for many goods changes in predictable ways, according to the time of year, in response to events such as holidays, vacation times, seasonal changes in production, and so on. shift the supply and demand curves in the graph below to account for the change in price in each of the following cases, and move the equilibrium point to its new position. note that supply and demand may shift simultaneously. b. the price of a christmas tree is lower after christmas than before, but fewer trees are sold.
In the case of the market for Christmas trees, the price is expected to decrease after the holiday season. This is because demand for Christmas trees is highest leading up to Christmas and drops significantly after the holiday
In the case of Christmas trees, the market behaves in a predictable way according to the time of year. Before Christmas, the demand for Christmas trees is high, as people want to decorate their homes for the holiday season. This high demand, combined with a relatively stable supply, results in a higher price for Christmas trees. In this scenario, the demand curve shifts to the right, while the supply curve remains unchanged. The equilibrium point moves to a higher price level. After Christmas, the demand for Christmas trees decreases significantly, as people no longer need them for decoration.
At the same time, suppliers may still have leftover trees in stock. The demand curve shifts to the left, and the supply curve may shift slightly to the right due to the excess inventory. Consequently, the equilibrium point moves to a lower price level, and fewer trees are sold overall. In summary, the market for Christmas trees experiences seasonal fluctuations in demand and supply, which affects the equilibrium price and quantity of trees sold.
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Please sort the following into pros for comparable company analysis and pros for precedent transaction analysis.
Comparable company analysis
Precedent transaction analysis
Observable current value for a company (what investors are actually paying for business right now)
Large number of potential companies to compare to
Readily available
Includes takeover premium / control premium
Includes synergy value
Shows the value investors paid for the entire company (not just 1 share)
The given points into pros for Comparable Company Analysis (CCA) and pros for Precedent Transaction Analysis (PTA) are :-
Pros for Comparable Company Analysis:
1. Observable current value for a company (what investors are actually paying for business right now) - CCA reflects the market's valuation of the company based on current trading multiples.
2. Large number of potential companies to compare to - CCA allows for a wide range of similar companies to be used for comparison.
3. Readily available - Public company data is easily accessible, making it easier to perform CCA.
Pros for Precedent Transaction Analysis:
1. Includes takeover premium/control premium - PTA accounts for the extra amount paid by the buyer to gain control of the target company.
2. Includes synergy value - PTA considers the additional value created by combining the operations of the two companies involved in the transaction.
3. Shows the value investors paid for the entire company (not just 1 share) - PTA provides a better perspective on the total value paid for an acquisition, considering all aspects of the transaction.
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zhang industries sells a product for $725 per unit. unit sales for may were 900 and each month's unit sales are expected to grow by 4%. zhang pays a sales manager a monthly salary of $4,700 and a commission of 3% of sales. compute the budgeted selling expense for the manager for the month ended june 30.
The budgeted selling expense for the sales manager for the month ending June 30 is $25,058.
The budgeted selling expense for the sales manager for the month ending June 30 can be computed as follows:
First, let's calculate the unit sales for June, using the 4% growth rate assumption.
To do this, we can use the following formula:
Unit sales in June = Unit sales in May x (1 + Growth rate)
Unit sales in June = 900 x (1 + 0.04) = 936
Next, we can calculate the total sales revenue for June by multiplying the unit sales by the selling price per unit:
Total sales revenue in June = Unit sales in June x Selling price per unit
Total sales revenue in June = 936 x $725 = $678,600
Now, let's calculate the commission payable to the sales manager for the month of June.
The commission rate is 3% of sales, so:
Commission payable to sales manager = Total sales revenue in June x Commission rate
Commission payable to sales manager = $678,600 x 0.03 = $20,358
Finally, we can calculate the budgeted selling expense for the sales manager by adding the fixed monthly salary and the commission payable for June:
Budgeted selling expense for the sales manager = Fixed monthly salary + Commission payable for June
Budgeted selling expense for the sales manager = $4,700 + $20,358 = $25,058
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you read an opinion article claiming that because coal is cheap and abundant, we should capitalize on its availability and maximize its use. you question the claim that coal is truly cheap because .
There are several reasons to question the claim that coal is truly cheap. Firstly, the cost of extracting and transporting coal can be quite high, especially in regions where coal reserves are not easily accessible.
Additionally, coal-fired power plants can incur significant expenses in terms of maintenance, pollution control, and waste disposal. These costs can add up quickly and make coal much more expensive than initially thought. Furthermore, the environmental and health impacts of burning coal are not factored into its market price, meaning that society pays the price in terms of increased healthcare costs and damage to natural ecosystems. When all of these factors are taken into account, it becomes clear that coal is not as cheap as it may seem at first glance, and that there are better, cleaner alternatives that we should be pursuing instead.
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_________________________ systems help firms analyze, model, and optimize its supply chain.
Supply chain management systems (SCMS) help firms analyze, model, and optimize their supply chain.
These systems allow organizations to gain visibility into their entire supply chain network, from suppliers to customers, and help them make informed decisions to improve their operations. SCMS provide a comprehensive view of inventory, orders, and shipping information, enabling firms to identify potential bottlenecks or disruptions and take proactive measures to mitigate them.
With SCMS, firms can model different scenarios and simulate the impact of changes on their supply chain. This helps them make informed decisions about inventory levels, transportation modes, and supplier relationships. SCMS also provide optimization algorithms that can help firms reduce costs and improve efficiency by identifying the most efficient routes for transportation, minimizing the number of shipments, and optimizing warehouse layouts.
Overall, SCMS are essential for firms looking to improve their supply chain performance. By providing real-time data, modeling capabilities, and optimization algorithms, these systems enable firms to make informed decisions that can help them reduce costs, improve customer service, and increase profitability.
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the large and generally well-known retailers who draw the majority of customers to a shopping center are more commonly referred to as:
The large and generally well-known retailers who draw the majority of customers to a shopping center are commonly referred to as anchor stores.
An anchor store is a large, well-known retailer that serves as the primary draw for a shopping center or mall. Typically, anchor stores are major department stores or chain stores that offer a wide variety of products and services, such as clothing, electronics, home goods, and more.
These stores are strategically placed at either end of a shopping center or mall to attract shoppers and drive foot traffic to other stores in the complex. Because anchor stores are usually well-established and popular, they can help to establish a shopping center or mall as a destination for consumers. Anchor stores typically lease large spaces within the complex, and they often negotiate favorable lease terms due to their importance in driving traffic to the other stores in the center.
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you are considering opening a small flower store. you anticipate that you will earn $100k each year in revenue. it will cost you $30k each year to rent the space necessary to run your business. additionally, you will need to spend $10k each year on flower seeds, utilities, and other expenses necessary to operate your flower shop. you have just graduated from college with a degree in economics and have received an offer to work for a firm with an annual salary of $70k. (for simplicity, assume there are no other benefits to opening the small flower store or to the other job)should you open your flower shop?
Based on the costs and potential earning, it would be financially wiser not to open the flower shop and accept the job.
Considering opening a small flower store, you anticipate earning $100k in revenue each year. The costs associated with running the business include $30k for rent and $10k for flower seeds, utilities, and other expenses. Comparatively, you have a job offer with a $70k annual salary.
To determine if you should open the flower shop, you need to calculate the profit and compare it to the job offer:
1. Calculate the total costs: $30k (rent) + $10k (expenses) = $40k.
2. Calculate the profit: $100k (revenue) - $40k (total costs) = $60k.
3. Compare the profit to the job offer: $60k (flower shop profit) vs. $70k (job offer).
Based on this analysis, you would earn more by accepting the job offer ($70k) than by opening the flower shop ($60k). Therefore, it would be financially wiser to accept the job offer rather than open the flower shop.
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you have been appointed to lead a new team. the purpose of this team is to assess different potential locations for a new warehouse and to make a recommendation back to senior management. your team has been given 30 days to make a recommendation. what type of team is this?
Based on the given information, the type of team that has been appointed is a project team. A project team is a group of individuals that are brought together for a specific project or purpose with a set timeframe to complete the project. In this case, the project is to assess different potential locations for a new warehouse and make a recommendation back to senior management within a 30-day timeframe.
The project team will need to have individuals with different skills and expertise, such as market research, financial analysis, and logistics. Each member of the team will need to have a clear understanding of their roles and responsibilities, as well as the project's goals and objectives.
The team leader will need to ensure that the team is working collaboratively and efficiently to meet the project's deadline. It is important for the team to communicate effectively and work together to make informed decisions.
In conclusion, a project team has been appointed to assess different potential locations for a new warehouse and make a recommendation back to senior management. The team will need to work collaboratively, communicate effectively, and have a clear understanding of their roles and responsibilities to meet the project's deadline.
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To finance their business activities, many corporations prefer selling common stock because: it does not have to be repaid until 10 to 15 years after it has been issued. common shareholders have no voting rights. 0 0 0 0 0 the money obtained from stockholders does not have to be repaid. interest paid to stockholders is tax deductible. interest payments to stockholders are lower than interest paid to a bank
The main reason corporations prefer selling common stock is that the money obtained from stockholders does not have to be repaid.
Common stock is a type of equity financing, which means that a corporation is selling ownership in the company to investors in exchange for capital. Unlike debt financing, which involves borrowing money that must be repaid with interest, equity financing does not require repayment.
When a corporation sells common stock, it is essentially selling a portion of ownership in the company to investors. In return, investors receive a share of the company's profits in the form of dividends, as well as the potential for capital gains if the stock price increases.
Additionally, selling common stock can be a way for corporations to raise large amounts of capital quickly, without taking on debt. While common shareholders do have voting rights, this is not the primary reason why corporations prefer to sell common stock.
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a primary consideration for an mnc in investing in a foreign country would be a decision based on:
The primary consideration for an MNC in investing in a foreign country would be a decision based on various factors such as political and economic stability, market size and growth potential, infrastructure and logistics, labor availability and costs, tax incentives and regulatory framework, and currency and exchange rate stability.
When investing in a foreign country, MNCs consider various factors to ensure profitable business operations. Political and economic stability is crucial to MNCs, as it reduces the risk of political instability and sudden policy changes. Market size and growth potential are essential for expanding their businesses globally. Infrastructure and logistics, including reliable transportation, communication, and utilities, are necessary for efficient business operations. Labor availability and costs are critical for MNCs, as abundant and skilled labor at competitive costs can attract investments.
Tax incentives and regulatory frameworks are evaluated, and governments often offer incentives to attract foreign investments. Currency and exchange rate stability also impact the profitability of investments, and MNCs evaluate these factors to make informed investment decisions.
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given how a typical movie's budget is divided between above the line costs and below the line costs, what would be the easiest way to cut costs?group of answer choiceshire less known directors and actorssubstitute cgi scenery for real sceneryfilm everything on a soundstagefilm everything on location
The easiest way to cut costs in a movie's budget would be to focus on below-the-line costs such as location expenses, set design, and crew salaries. One way to do this is to film everything on a soundstage rather than on location, which can save money on travel, lodging, and other related costs.
Another option could be to substitute CGI scenery for real scenery, which can also save money on set design and construction costs. However, it is important to note that hiring less-known directors and actors may not necessarily result in cost savings and could potentially affect the overall quality of the movie.
The easiest way to cut costs would be to hire less-known directors and actors. This option addresses above-the-line costs, which usually include salaries for key personnel like directors and actors. By hiring less-known talent, you can negotiate lower salaries and significantly reduce the overall budget.
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Consider the following GDP equation, consumption function, exports function. imports function and investment function and use them to answer the following questions I, Y. Ct EX =0 IM 0 (a) Derive the IS curve as a relation between short run output K and the real interest rate gap R (b) Find the government spending multiplierd) (c) Is the multiplier derived in b) greater than one or smaller than one? Briefly provide holding the real interest rate constant intuition for your answer along with mathematical reasoning (d) Consider the following MP curve where monetary policy and real interest rates now depends on the short-run output Derive the AD curve (e) Find the government spending multiplI n is positive, is the multiplier higher If n is positive, is the multiplier higher or lower than in part C (f) Suppose that in the Great Recession, monetary policy is constrained and cannot re- spond to fiscal policy. In other words, replace the MP curve by Rt -0 Is that an argument in favor or against the use of fiscal policy to stimulate the econ- omy?
The equation for the IS curve is Y = Ct + I(R) + G + (X - IM), where Y is the GDP, Ct is consumption, I is investment, G is government spending, X is exports and IM is imports.
a) The IS curve is derived as the relation between short run output K and the real interest rate gap R.
The equation for the IS curve is Y = Ct + I(R) + G + (X - IM), where Y is the GDP, Ct is consumption, I is investment, G is government spending, X is exports and IM is imports.
b) The government spending multiplier is calculated by dividing the change in GDP (∆Y) by the change in government spending (∆G).
c) The multiplier derived in b) is typically greater than one. Intuitively, this means that an increase in government spending will lead to a larger increase in GDP. Mathematically, this is due to the fact that an increase in government spending increases consumption (through the multiplier effect) and investment (through the lower interest rate) which leads to an increase in GDP.
d) The AD curve is derived from the MP curve. The equation for the AD curve is Y = Ct + I(Rt) + G + (X - IM). Here, Rt is the real interest rate set by the monetary policy.
e) If n is positive, the multiplier will be higher than in part C, since an increase in government spending will lead to not only an increase in consumption and investment, but also an increase in output
f) An argument in favor of using fiscal policy to stimulate the economy holds in this case. Since monetary policy is constrained and cannot respond to fiscal policy, increasing government spending will lead to an increase in GDP, as the multiplier is greater than one. This means that fiscal policy can be used to counteract the effects of the Great Recession, as it will increase both output and investment.
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which of the following is the appropriate basis of accounting for a custodial fund? group of answer choices modified accrual basis. accrual basis. cash basis. modified cash basis.
The appropriate basis of accounting for a custodial fund is the cash basis. This is because custodial funds are designed to hold and manage assets on behalf of others, rather than for their own benefit.
As a result, the primary focus of custodial fund accounting is on accurately tracking and reporting cash transactions, including receipts and disbursements.
While modified accrual basis and accrual basis are commonly used in governmental accounting, they are not appropriate for custodial funds because they focus on the recognition of revenues and expenses rather than the tracking of cash flows.
Similarly, modified cash basis accounting is not suitable for custodial funds because it combines elements of both accrual and cash basis accounting, and may not accurately reflect the timing of cash transactions. Therefore, the cash basis of accounting is the most appropriate method for reporting the financial activity of a custodial fund.
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as part of a social responsibility policy, small time enterprise (ste) in sherman, tx, runs a retraining program for workers displaced from positions in the firm's various businesses. the erratic nature of the displaced employees' training requirements has made it difficult for ste's educational administrator to predict the staff needed for the program. nevertheless, she has collected the data given in the accompanying table from two software packages. which will be a better forecast if you use mse to measure the accuracy? period actual forecast 1 forecast 2 1 65 70 68 2 67 64 64 3 65 62 68 4 70 70 65 5 70 75 73 6 72 75 75
As part of its social responsibility policy, the small time enterprise (STE) in Sherman, TX, conducts a retraining program for displaced workers from various businesses within the firm. Due to the unpredictable nature of training requirements, the educational administrator faces challenges in predicting the necessary staff.
However, she has gathered data from two software packages, Forecast 1 and Forecast 2, to help with forecasting. To determine which forecast is better, we can use the Mean Squared Error (MSE) as an accuracy measure.
To calculate the MSE, we first find the squared differences between the actual values and the forecasted values for each period, then average these squared differences.
MSE for Forecast 1:
[((65-70)^2 + (67-64)^2 + (65-62)^2 + (70-70)^2 + (70-75)^2 + (72-75)^2) / 6] = 18.67
MSE for Forecast 2:
[((65-68)^2 + (67-64)^2 + (65-68)^2 + (70-65)^2 + (70-73)^2 + (72-75)^2) / 6] = 8.67
Comparing the two MSE values, Forecast 2 has a lower MSE (8.67) than Forecast 1 (18.67). This means that Forecast 2 is more accurate in predicting the staff needed for the retraining program, and therefore, would be the better choice based on the MSE measure.
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Which credit card feature determines the cost to use one credit card to pay off money owed on a different credit card?
annual percentage rate
balance-transfer fee
cash-advance fee
grace period
The credit card feature that determines the cost to use one credit card to pay off money owed on a different credit card is the B .balance-transfer fee.
What is a balance transfer ?Moving a balance from one credit card to another at a lower interest rate or promotional offer is known as a balance transfer. Upon such transaction, the credit card company charges you with what is referred to as a balance-transfer fee.
Any balances carried forward and charged by an interest rate are subject to the annual percentage rate (APR) from one billing cycle to the following. A cash-advance fee, on the other hand, applies when you withdraw cash using your credit card.
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Answer:
balance-transfer fee
Explanation:
took the test
select the three special adjustments that are often made to the list or quoted price.
The three special adjustments that are often made to the list or quoted price are: trade discounts, quantity discounts, and cash discounts.
Trade discounts: These are reductions from the list or quoted price that are offered to customers in a specific industry or trade. Trade discounts are often used to encourage larger orders or to reward customer loyalty. For example, a publisher may offer a 20% trade discount to booksellers to encourage them to stock their titles.
Quantity discounts: These are reductions from the list or quoted price that are offered to customers who purchase larger quantities of a product. Quantity discounts are often used to incentivize customers to buy in bulk, and can be structured in several ways. For example, a supplier may offer a 10% discount for orders of 100 units or more, or a 15% discount for orders of 500 units or more.
Cash discounts: These are reductions from the list or quoted price that are offered to customers who pay their invoices promptly. Cash discounts are often used to improve cash flow and reduce the risk of bad debts. For example, a supplier may offer a 2% discount for payments made within 10 days, or a 1% discount for payments made within 30 days.
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