As a firm progresses through the introduction life-cycle stage, what type of flexible account will it be more likely to use to balance the balance sheet Issued equity.
A Flexible Spending Account (FSA, additionally referred to as a “bendy spending arrangement”) is a unique account you spend money on which you use to pay for sure out-of-pocket fitness care costs. You do not pay taxes in this cash.
This manner you may keep a quantity identical to the taxes you'll have paid at the cash you place aside. A stability sheet is a monetary declaration that reviews a company's assets, liabilities, and shareholder equity. The stability sheet is one of the 3 center monetary statements which are used to assess a business. It presents a image of a company's finances (what it owns and owes) as of the date of publication.
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you would like to compare the level of mathematical knowledge among 15-year-olds in the united states and japan. to do this, you plan to give a mathematics achievement test to random samples of 1000 15-year-olds in each of the two countries. to ensure that the samples will include individuals from all different socioeconomic groups and educational backgrounds, you will randomly select 200 students from low-income families, 400 students from middle-income families, and 400 students from high-income families in each country. the sampling procedure being used here is
In each nation, 200 pupils will be chosen at random from low-income households, 400 from middle-class families, and 400 from wealthy families. Stratified sampling is the technique employed in this case.
Researchers use stratified sampling, which divides participants into strata according to shared traits. A different probability sampling technique is used to randomly sample each subgroup once it has been split.
With stratified sampling, differences between groups within a population are highlighted in contrast to standard random sampling, which treats every member of a population equally and provides them with an equal chance of being sampled.
To guarantee that particular subgroups are represented in the sample, researchers utilize stratified sampling. Additionally, it aids in the accurate estimation of each group's features.
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andrew bought a coat on sale for 25% off the retail price. if he paid $140, what was the original retail price?
Andrew saved 25% on a coat by purchasing it during a discount. If he paid $140, the original retail cost was $186.67.
What does original retail refer to?Initial Retail Price is the amount that the company has decided to mark on the relevant Company Products as the retail price.
Is the retail cost the original cost?A customer will pay the retail price of a product when buying it from a retail establishment. Customers will pay this amount in full. The retail price is what consumers pay for the finished good when it is sold.
The manufacturer's suggested retail price, or MSRP, of the item is intended to be its original price. When you want to reduce the price of your merchandise, you use the current price. If you set your item's Current Price to be less than its Original Price, you can permanently mark it down.
Andrew saved 25% on a coat by purchasing it during a discount. Considering that he spent $140, the original retail cost was:
x * (1 - 0.25) = $140
x * 0.75 = $140
x = $140 / 0.75 = $186.67
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when andrea chooses to purchase a particular combination of goods that are at or below her budget, she:
when andrea try to choose and purchase a particular set of combination of goods then there are at or below her budget, she saves the budget.
The Budget line shows the mixture of products a purchaser should buy given his or her profits and the expenses withinside the marketplace. Any package deal above the price range line can't be completed because it fee greater than the clients profits. However a package deal beneath the price range line fee much less than the clients profits.
Consumers pick out a mixture of products so that it will maximize the pride they are able to achieve, given the restricted price range to be had to them. The maximizing marketplace basket should fulfill conditions: It should be positioned at the price range line. Must deliver the purchaser the maximum favored mixture of products and services.
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the muscle that indents the submandibular gland and divides it into superficial and deep parts is paralyzed because of compression by a large salivary glandular tumor. which of the following muscles is involved?
The submandibular gland is indented and divided into superficial and deep portions by the mylohyoid muscle. Between the mylohyoid muscle laterally and the hyoglossus and styloglossus muscles medially is where the deep portion of the gland can be found.
What is mylohyoid muscle ?
One of the muscles that are crucial for speaking and swallowing is the mylohyoid. It is a flat, triangular muscle that inserts on the hyoid bone and arises from the jaw close to the molars, hence the word "mylo" (Greek for molars).Can mylohyoid cause pain?
The submandibular gland's location may cause a referred discomfort to the mylohyoid muscle. The superficial and deep lobes of the submandibular gland are folded over one another posteriorly, at the mylohyoid muscle's posterior free border.Learn more about mylohyoid muscle's
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A huge salivary glandular tumor has compressed the mylohyoid muscle, which indentations the submandibular gland as well as splits it into extracranial sections, rendering it paralyzed.
What is the mylohyoid muscle?Speaking and swallowing both depend on the mylohyoid muscle, which is one of the most important muscles. The prefix "Mylo" (Greek for "molars") indicates that it is a flat, triangular muscle that arises from the mandible close to the molars as well as inserts on the hyoid bone.
How is the mylohyoid muscle worked out?Start by cocking your head up and casting your gaze upward. Extend your lips much further than possible while mimicking a kissing gesture with your lips. Ten seconds of holding the position before releasing it and lowering the head. Five times each, complete the workout.
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if significant changes take place in an existing system or if a new version is released, the it department might develop a .
If significant changes take place in an existing system or if a new version is released, the IT department might develop a user training package.
Software maintenance is now a commonly accepted component of the SDLC. It refers to all updates and modifications made after a software product is delivered. Modifications are necessary for a variety of reasons, some of which are briefly listed below:
Market Conditions - Policies that evolve over time, such as taxation and recently added restrictions like how to maintain bookkeeping, may necessitate modification.Client Requirements - Over time, clients may request new features or capabilities for the software.Host Changes - In order to maintain adaptability, software changes are required if the target host's hardware and/or platform (such as its operating system) changes in any way.Organizational Changes: The original software may need to be modified if there is any business-level change at the client end, such as a reduction in organization strength, the acquisition of another company, or the organization's entry into a new industry.Learn more about Software, here
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a company had net sales of $21,000 and accounts receivable of $2,520 for the current period. its days' sales uncollected equals:
For the company's creditors and investors, the days' sales remain uncollected ratio is crucial since it helps determine when the company will receive payment for its sales. Hence 43.8 is sales uncollected
What is days' sales uncollected ?It is computed by multiplying the number of days in a year by the average accounts receivable divided by net sales.
Days' Sales Uncollected is a liquidity ratio that is used to predict how long it will take to collect receivables. Creditors and lenders use this information to assess a company's short-term liquidity.
[tex]days' sales uncollected = Account Receivables / Net Sales * 365\\ = $ 2,520 / $ 21,000 *365\\ = 43.8\\[/tex]
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Under the _____ method, the underwriter buys the securities for less than the offering price and accepts the risk of not selling the issue, while under the _____ method, the underwriter does not purchase the shares but merely acts as an agent.
A. best efforts; firm commitment
B. firm commitment; best efforts
C. general cash offer; best efforts
D. competitive offer; negotiated offer
E. seasoned; unseasoned
Under the firm commitment method. The underwriter buys the securities for less than the offering price and accepts the risk of not selling the issue, while under the best efforts method, the underwriter does not purchase the shares but merely acts as an agent.
The correct option is B, firm commitment; best efforts. A firm commitment is a binding agreement with a third party for which all significant terms are specified. Like, quantity, price, and timing etc.
The firm commitment method generally refers to an underwriter's agreement to assume all inventory risk. In the inventory risk is the probability of an organization being unable to sell its goods or the chance that inventory stock will decrease in value.
A firm commitment also refers to the agreement to purchase all securities for an IPO directly from issuers for public sale.
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select all that apply which of the following are true about companies that are predominantly project organizations, such as construction or software firms? multiple select question. functional departments exist to be support staff for project teams. functional departments, as in classic organizations, do not exist. the organization is structured around projects. personnel may work on multiple projects at the same time.
The true statements are :
The organization is structured around projects.Personnel may work on multiple projects at the same time.Functional departments exist to be support staff for project teams.What Is Project Organization in Project Management?The word "project organization" describes the manner in which the project team coordinates, communicates, and manages the project during its entire existence. By using project organization, you may maximize resources, ensure that roles and duties are well communicated, and lessen the likelihood of stumbling blocks.Before and throughout a project, project managers utilize project organization to coordinate the team members. The method ensures that team members working in a project are as productive as possible while minimizing workflow disruption and disagreement.Although a well-executed project organization strategy and plan are crucial, you also need to take the potential cost of a disorganized project into account.In order to strategically execute organizational management, Anthony C. Taylor, Managing Partner and Lead Facilitator at SME Strategy Management Consulting, collaborates with senior leadership.Learn more about Project Organization refer to :
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Are these competitive markets?
A. In a small town, there are two providers of broadband Internet access: a cable company and the phone company. The Internet access offered by both providers is of the same speed.
B. Several stores in the mall sell hooded sweatshirts. Each store's sweatshirts reflect the style of that particular store. Additionally, some stores use higher-quality cotton than others, which is reflected in the apparel's prices.
C. Scholastik Inc. owns the U.S. copyright to a popular book series. It is the only company with the legal right to publish books in the series in the United States.
D. Dozens of companies produce plain white socks. Consumers regard plain white socks as identical and don't care who manufactures their socks.
A. No, not many sellers
few firms dominate the broadband Internet market, they are not price takers
B. No, not an identical product
Since there is only one seller and the good is unique. Not an identical product would also be accepted.
C. No, no free entry
(Scholastik Inc. is the only legal provider of the books in the popular series, there isn't free entry into that market.)
D. Yes, meets all assumptions
The sock market is the only one of these options that is a competitive market.
These competitive markets:
No, not many sellers few firms dominate the broadband Internet market, they are not price takersNo, not an identical product Since there is only one seller and the good is unique. Not an identical product would also be accepted. No, no free entry (Scholastic Inc. is the only legal provider of the books in the popular series, there isn't free entry into that market.)Yes, meets all assumptions The stock market is the only one of these options that is a competitive market.ADSL (Asymmetric Digital Subscriber Line) is a generation that allows speedy facts transmission at a excessive bandwidth on current copper twine phone traces to houses and businesses. Unlike ordinary dial-up copper phone line service, ADSL gives constantly available, always-on broadband connections.
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the percentage-of-sales method is an example of a budgeting technique. the percentage-of-sales method is an example of a budgeting technique. top-down hierarchy of effects bottom-up push pull
the percentage-of-sales method is an example of a budgeting technique is
hierarchy of effects bottom-up push pull.
What is hierarchy of effects?A model of how advertising affects a consumer's choice to buy or not buy a product or service is the hierarchy-of-effects hypothesis. The evolution of consumer learning and decision-making experiences as a result of advertising is represented by the hierarchy.Following is the order of effects: The five phases a customer takes from their initial exposure to a product or commercial to their choice to buy it are identified by the marketing phrase awareness, interest, assessment, conviction, and purchase.Students are introduced to the public relations campaign components of tuning in, attending, enjoying, comprehending, learning, agreeing, remembering, acting, and preaching through William McGuire's hierarchy-of-effects model.Learn more about hierarchy of effects refer to :
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firms conduct market to identify their target audience and to help set the tone for their advertising program.
Most firms conduct a market research to identify their target audience and to help set the tone for their advertising program.
What are market research?In marketing, a market research refers to an organized effort to gather useful information about target markets and customers such as to know about them, starting with who they are.
This research is an important component of business strategy and a major factor in maintaining competitiveness. Its helps to identify and analyze the needs of the market, the market size and the competition.
The techniques of market research encompass both the qualitative techniques such as focus groups, in-depth interviews and ethnography as well as quantitative techniques such as customer surveys, and analysis of secondary data.
In conclusion, a market research involves a systematic gathering and interpretation of information about individuals or organizations using statistical and analytical methods and techniques of the applied social sciences to gain insight for decision making.
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The computation of a capital budgeting project's incremental net income excludes:
Investment in working capital
Initial equipment investments
The calculation of incremental net income for a capital budgeting project excludes:
Investment in working capitalInitial equipment investmentThe calculation of incremental net income for a capital budgeting project includes:
Annual operating expensesFixed out-of-pocket costsIncremental revenue can be defined as the profit generated by a sales increase. It may be used to quantify the extra income created by a certain product, investment, or direct sale from the a marketing campaign if sales volume increases. The cost of a product is commonly used to evaluate incremental revenue.
A project's incremental earnings are the amount that the project is predicted to change the company's earnings. All incremental revenues and expenditures linked with the project, including project externalities and opportunity costs but excluding sunk costs and interest charges, should be included in incremental earnings.
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Which of the following is a strategy(ies) used by firms in monopolistically competitive industries to convince consumers that their product is better than their rivals' products?
Comparative advertising or niche marketing
Equity marketing
Niche marketing
Comparative advertising
Comparative advertising or niche marketing is the correct answer. Comparative advertising makes corporations develop quicker and generate innovative ideas in an extremely competitive setting.
Additionally, this kind of advertising attracts user attention, unveils the most effective options of many competitors' alternatives, and permits shoppers to form a well-read call. Comparative advertising generally referred to as “comparison advertising,” is an advertising strategy during which a whole compares itself to a contestant to spotlight parity or superiority. Comparative advertising is employed to gift a product or service as being superior to a comparable product or service as a contestant.
Comparative advertising is advertising apply during which a business compares its product (s) with its competitors and makes its product (s) look superior.
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climate change adaptation and mitigation efforts are mutually exclusive. an action can contribute to climate change adaptation or mitigation, but not both.
It would be incorrect to assume that adaptation and mitigation are competing for attention by emphasizing one strategy over the other.
- They represent two different, yet complementary, institutional, temporal, and spatial scales of climate change responses.
- Community adaptation, for instance, typically occurs at the local and regional levels in response to effects of climate change that are already being felt there. Without joining coordinated national and international initiatives and action, those communities may not have a lot of power to make a real difference in mitigation.
- Because of the lag times between a decrease in greenhouse gas concentrations and a leveling off in warming rate, climate change effects would ultimately persist even if mitigation is successful in significantly reducing greenhouse gas emissions. Therefore, regardless of the results of mitigation, adaptation is crucial.
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all of the following are characteristics of a perfectly competitive market except which one? question 8 options: a) no barriers to entry b) very high transaction costs c) perfect information d) homogeneous goods
All of the following are characteristics of a perfectly competitive market except very high transaction costs. Hence option (b) is the answer.
What are the five features of a market system with the perfect competition?In a market that has perfect competition, there are many buyers and sellers that affect the market price of essentially homogeneous goods, and there are no obstacles to entry or leaving. Although a purely competitive industry's demand curve is down sloping, it is completely elastic for a purely competitive firm.
Following are some traits or qualities of a market that is completely competitive:
1. Many people buy and sell comparable things, thus there are lots of buyers and sellers.
3. There are no barriers to admission or exit into the market; no transaction is involved
4. It has the ideal elastic demand
5. Complete product knowledge
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the closed fund is a closed-end investment company with a portfolio currently worth $270 million. it has liabilities of $10 million and 15 million shares outstanding
a. What is the NAV of the fund? (Round your answer to 2 decimal places.) NAV $
b. If the fund sells for $63 per share, what is its premium or discount as a percent of NAV? (Input the amount as a positive value. Round your answer to 2 decimal places.)
The fund sells at an % (Click to select)premiumdiscount from NAV.
A closed fund can be defined as a fund which is either closed to investors or has ceased to exist.
How does this work ?
NAV usually expresses the value of an investment fund.It can be calculated as The total value of the fund's assets and subtracting its liabilitiesNAV of the fund:= ($270-$3)/4= $66.75
In the second case , Fund share is selling below it's NAV.
Which it means by selling this at a discount.
Discount as a % of NAV:= ($66.75-$63)/$63= 5.92%To know more about Funds from the given link
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Which of the following is true about the long run average cost curve?The long run average cost curve is comprised of all the lowest points of each of the short run average cost curves because no firm will operate at a level of higher per-unit costs in the long run than in the short run.The long run average cost curve can be found as the MC from above the shut down point onward.The long run average cost curve is shaped like a bell and rises because of economies of scale while falling because of diseconomies.The long run average cost curve cannot be equal to or lie below any short run average cost curve because in the short run all factors of production can be variable.
"The long run average cost curve is comprised of all the lowest points of each of the short run average cost curves because no firm will operate at a level of higher per-unit costs in the long run than in the short run." is a true statement.
When a company can pick how many fixed costs it wants to incur and whatever short-run average costs it likes, the long-run average cost curve shows what it will cost to produce each quantity over the long term.
The long-run total cost of producing a specific amount of output is shown by the long-run average cost curve.
Increased production scale results in lower average costs, more productive processes, and improved market competitiveness for businesses. This is referred to as a positive-sum game and can lead to reduced pricing as well as larger profits, which can benefit both consumers and producers.
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1. taiichi ohno, architect of the toyota production system, claims to have been inspired by u.s. supermarkets in his use of kanban cards. describe how a supermarket dairy section fits in with use of kanbans in the toyota production system.
Lean Manufacturing and the Toyota Production System served as inspiration for Kanban. Toyota enhanced its engineering procedure in the 1940s by modeling it after how supermarkets stock their shelves.
Origins of Kanban: 1940s Japan
Taiichi Ohno, an industrial engineer for Toyota, found inspiration in supermarkets. Supermarkets only refill their merchandise once customers have purchased nearly all of the things still on hand.
What does the Toyota Production System's Kanban mean?
Japanese for "sign," Kanban is an inventory control method used in just-in-time (JIT) manufacturing to keep track of production and make orders for new supply of materials and components.Kanban, developed by Toyota industrial engineer Taiichi Ohno, uses visual cues to inspire the activity necessary to maintain the flow of a process.
The kanban theory: what is it?
The Kanban Method proposes a method for controlling the work flow that places an emphasis on continual improvement without overtaxing the development team's capacity for productivity and efficiency. For the purpose of managing Just in Time (JIT) production operations, Kanban was first developed.
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which of the following views supports the idea that when consumers use products in a manner that is careless, and then become injured, the responsibility is on the consumer, not the manufacturer?
The view that the idea that when consumers use products in a manner that is careless, and then become injured, the responsibility is on the consumer, not the manufacturer is contractual.
Manufacturer
In economics, manufacturer is referred as the person or company that produces finished goods from raw materials by using various tools, equipment, and processes, and then sells the goods to consumers, wholesalers, distributors, retailers, or to other manufacturers for the production of more complex goods.
Given,
Here we need to find the view that supports the idea that when consumers use products in a manner that is careless, and then become injured, the responsibility is on the consumer, not the manufacturer.
While we looking into the given question, the damage or injure cause because of the consumer carelessness, so this type of situation will comes under the view of contractual, therefore, the manufacturer can't responsible for it.
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the taxable income levels in the married filing jointly tax rate schedule are those in the married filing separately schedule. a) the same as b) double c) half the amount of d) none of the choices are correct.
The taxable income levels in the married filing jointly tax rate schedule are those in the married filing separately schedule the same as.
What tax bracket applies to married couples filing jointly in 2022?When married couples file jointly, the tax rate is 32% for incomes over $170,050 ($340,100); 24% for incomes over $89,075 ($178,150); 22% for incomes over $41,775 ($83,550); and 12% for incomes over $10,275 ($20,550).
What tax rates apply to married couples filing jointly?When married couples file jointly, the tax rate is 32% for incomes above $182,100 ($364,200); 24% for incomes over $95,375 ($190,750); 22% for incomes over $44,725 ($89,450); and 12% for incomes over $11,000 ($22,000 for married couples filing jointly).
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an organization representing more than 100,000 educators in the state of texas employs five full-time lobbyists. these lobbyists work through the legislative session to get an increase in pay for their members, but the pay increase the members win also benefits the more than 1 million educators in texas. the increase in pay that all educators receive as a result of the organization's work is an example of which of the following?
The increase in pay that the educators receive as a result of the organization's work is an example of free rider problem.
What is Free Rider Problem?
The free rider problem is when people utilize or exploit a shared resource without contributing their fair part of the cost or without contributing anything at all.
No matter how big or tiny a society is, the free rider issue might arise. A municipal council in an urban area may discuss whether and how to make suburban commuters pay for the upkeep of the area's roads and sidewalks or the safety of its police and fire services. Free riding is viewed as an example of the traditional free market system failing.
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How has vehicle demand in the united states influenced volkswagen’s global production strategy?.
As per the global production strategy Volkswagen has responded to market changes by producing its Atlas SUV in the United States.
What do you mean by the Global production strategy?Thinking holistically about a company's suppliers, production sites, customers, and competitors is a key component of a global strategy.
Every good or service must be evaluated from the standpoint of both domestic and international market norms.
Therefore, as per the global production strategy Volkswagen has responded to market changes by producing its Atlas SUV in the United States.
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to show a breakdown of how individual expenses contribute to a grand total, the best type of chart to use would be a chart. average monthly living expenses in dollars rent/mortgage $1,500 car payment $400 utilities $150 food $600 insurance $100 total $2,750. A) Heat Map, B) Pie, C) Scatter Plot D) Line
Pie chart could be used to show a breakdown of how individual expenses contribute to a grand total.
What is a pie chart?A pie chart is a method of graphical representation that shows data in a graph with a circular form. With few variables, this type of composite static chart performs well. Pie charts, where each data point represents a combination of various categories, are frequently used to display sample data. Every one of these groups is shown as a piece of the pie. The number of data points that fall into each category has a direct correlation with the size of each slice. A pie chart is the most appropriate visual representation of data when it is divided into discrete pieces.Comparing the contributions of each component to the total data is the goal of utilizing a pie chart.Here, the pie chart can be used to represent the given example of average monthly living expenses. So, option B is correct (refer image)To learn more about graphical representation, refer:
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What are the 4 factors that affect price?.
There are four key market factors that influence price.Prices and expenses.Market forces.Observations of consumers.Competition.
What are the four elements that influence price? The following factors have a significant impact on price:Product Cost Utilization and demand.how intense the market's competition is.Legal and governmental regulations.Product Cost: A product's cost is by far the most significant aspect in determining its price.The Need and the Utility:How fiercely the market is competitive:Regulations of the Government and Law:There are three crucial variables: the number of consumers, their sensitivity to price changes, and whether they believe the product gives value.Pricing Objectives: In addition to acquiring information on market size,employed marketing techniques.objectives for pricing.To learn more about price refer
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what are the effects of repeated exposure to an advertising message? an experiment investigated this question. determine the number of factors, levels,
Repeated exposure to an advertising message promotes brand recognition. People are more likely to remember a brand or product if they have seen it multiple times.
Number of factors: 1
Number of levels: 2
An advertisement's message is what?A message for use in advertising is a concept that the marketer wants to convey to their target market. Its objective is to persuade users to take a particular action, such signing up, making a purchase, or making a reservation.
What kind of advertisement would this be?Creating demand for a good or service is the goal of brand advertising, which also aims to persuade the audience that a particular brand is the one they should choose. Nike advertisements, for instance, aim to increase demand for pricy athletic shoes and persuade consumers to buy Nikes rather than Reeboks.
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a couple who borrow $80,000 for 30 years at 8.4%, compounded monthly, must make monthly payments of $609.47. (round your answers to the nearest cent.) (a) find their unpaid balance after 1 year. $ (b) during that first year, how much interest do they pay?
a) The unpaid balance after one year is of: $72,686.36.
b) The interest that they pay during the first year is of: $77,333.33.
What are the unpaid balance and the interest?Their monthly payments are of:
$609.47.
One year is composed by 12 months, hence the total payments after the first year are given as follows:
12 x 609.47 = $7,313.64.
The unpaid balance is the amount that is left to be paid, hence it is the subtraction of the total loan by the amount paid during the first year, hence:
80000 - 7313.64 = $72,686.36.
Without interest, the amount that they would pay each of the 30 years is obtained by the division of 80,000 and 30 as follows:
80000/30 = $2,666.67.
Hence the amount of interest paid during the first year is of:
80000 - 2666.67 = $77,333.33.
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Jill is buying new appliances. The cost of the dishwasher is rs. 559 and the cost of the microwave is rs. 289. What is the total price including the sales tax rate of 8%?.
The total price of the dishwasher and the microwave after the sales tax of 8% will be Rs 915.84
How to calculate the total price?
Cost of the dishwasher = 559
Cost of the microwave = 289
Total cost of the appliances = 559 + 289
= 848
Sales Tax = 8% of 848
= 67.84
Total Cost = Pre-Tax value + Sales tax
= 848 + 67.84
= 915.84
What is sales tax?
The government levies a consumption tax known as a sales tax on the purchase of goods and services. A company is responsible for paying sales taxes in a particular jurisdiction if it has a nexus there. Depending on the local rules, a nexus can be a physical location, a worker, an affiliate, or some other presence.
The total price of the dishwasher and the microwave after the sales tax of 8% will be Rs 915.84
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suppose the annual cost of the iron dome is $500 million. what is the opportunity cost of this defense spending in terms of private housing assuming a new home can be constructed for
The opportunity cost of this defense spending in terms of private housing assuming a new home can be constructed for $100,000 is this: 500 new homes.
What is an opportunity cost?Opportunity cost refers to the alternative forgone in the bid of achieving one of two or more things. To obtain the opportunity cost in the question provided, we need to understand that the number of new Iron dome houses constructed annually is equal to the annual cost of the Iron Dome divided by the cost of one new private home.
In this instance, the annual cost of the Iron Dome is
= $50,000,000
The cost of ie New Iron Dome house is
=$100,000
So, the number of houses constructed annually is
= $50,000,000/ $100,000
= 500 new homes.
So, the alternative forgone is 500 new homes if the Iron Dome program should continue. In making business decisions, there is often an opportunity cost for choosing any preferred path. Managers must ensure that the opportunity cost is not detrimental to the business.
Complete Question:
"NEWS WIRE PUBLIC GOODS Israel's 'Iron Dome Works! Israel's Iron Dome is an air defense system designed to intercept and destroy incoming missiles and mortars fired across the border by Hamas and other Palestinian factions. It Works Israel's Defense Minister claims the Iron Dome has been 90 percent effective in shielding population centers in the latest barrage of artillery fired into Israel by Hamas. Source: News reports of July 20-28,2014 Suppose the annual cost of the Iron Dome is $50 million_ What is the opportunity cost of this defense spending in terms of private housing; assuming a new home can be constructed for $100,000?
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in a cost center, the manager has responsibility and authority for making decisions that affect a.both costs and revenues b.costs c.revenues d.investments in assets
In a cost center, the manager has responsibility and authority for making decisions that affect cost. (Option B).
What is a Cost Center?A department or function inside a business that does not directly contribute to profit but nonetheless incurs operating expenses is referred to as a cost center. Contrary to profit centers, which do so directly through their operations, cost centers only indirectly influence a company's profitability.
The accounting, human resources, IT, maintenance, and research and development departments are a few examples of cost centers. In comparison to a department, a cost center can be defined at a lower level. It might have to do with a certain machine, manufacturing line, or work role.
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Consider the competitive market for steel. Assume that, regardless of how many firms are in the industry, every firm in the industry is identical and faces the marginal cost (MC), average total cost (ATC), and average variable cost (AVC) curves shown on the following graph. 100 90 80 70 60 50 40 Al 30 20 AVC MС ‑ 10 10 20 25 30 35 40 50 15 45 QUANTITY (Thousands of tons) The following diagram shows the market demand for steel Use the orange points (square symbol) to plot the initial short-run industry supply curve when there are 20 firms in the market. (Hint: You can disregard the portion of the supply curve that corresponds to prices where there is no output since this is the industry supply curve.) Next, use the purple points (diamond symbol) to plot the short-run industry supply curve when there are 30 firms. Finally, use the green points (triangle symbol) to plot the short-run industry supply curve when there are 40 firms. 100 -O 90 Supply (20 firms) 80 70 Supply (30 firms) 60 A 50 40 Supply (40 firms) Demand 30 20 10 0 125 250 375 500 625 750 875 1000 1125 1250 QUANTITY (Thousands of tons) PRICE d sIPI ONJ If there were 20 firms in this market, the short-run equilibrium price of steel would be $40 per ton. At that price, firms in this industry would Therefore, in the long run, firms would enter the steel market. Because you know that competitive firms earn economic profit in the long run, you know the long-run equilibrium price must be zero $30 per ton. From the graph, you can see that this means there will be 30 firms operating in the steel industry in long-run equilibrium. True or False: Assuming implicit costs are positive, each of the firms operating in this industry in the long run earns positive accounting profit. O True False
The answer of the question is False because Implicit cost is not included in accounting profit. Long-term expense coverage by the company ensures that there will be no accounting profit.
ATC = $30
Supply curve of a firm is the same as its marginal cost curve (above AVC curve). The short-run equilibrium price of steel in this market would be $15 if there were 20 companies participating. Businesses in this sector would experience a loss at that price (P ATC: 15 30). Consequently, businesses would eventually stop operating in the steel market.
You are aware that in the long run, competing enterprises make no economic profit, hence the long-term equilibrium price must be $30 per ton. You can see from the graph that in order for the steel industry to be in long-run equilibrium, there will be ten enterprises operating there.Long-term expense coverage by the company ensures that there will be no accounting profit.
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