1. The predetermined overhead rate is 3.
2.Overhead is overapplied by $8,300 for the year.
3.This entry will ensure that the overapplied overhead is properly allocated to Cost of Goods Sold.
1. To determine the predetermined overhead rate using estimated direct materials costs, divide the estimated overhead costs ($1,500,000) by the estimated direct materials costs ($500,000):
Predetermined overhead rate = Estimated overhead costs / Estimated direct materials costs
= $1,500,000 / $500,000
= 3
So, the predetermined overhead rate is 3.
2. To calculate the amount of overhead cost applied to jobs during the year using the predetermined overhead rate, multiply the actual direct materials costs ($500,000) by the predetermined overhead rate (3):
Overhead cost applied to jobs = Actual direct materials costs * Predetermined overhead rate
= $500,000 * 3
= $1,500,000
The actual overhead costs incurred are $1,508,300. To determine whether overhead is over- or underapplied, subtract the overhead cost applied to jobs from the actual overhead costs:
Overapplied/Underapplied overhead = Actual overhead costs - Overhead cost applied to jobs
= $1,508,300 - $1,500,000
= $8,300 (overapplied)
Therefore, overhead is overapplied by $8,300 for the year.
3. To close the overapplied overhead to Cost of Goods Sold, you need to debit Cost of Goods Sold and credit Manufacturing Overhead by the amount of the overapplied overhead:
Entry to close overapplied overhead:
Debit: Cost of Goods Sold $8,300
Credit: Manufacturing Overhead $8,300
This entry will ensure that the overapplied overhead is properly allocated to Cost of Goods Sold.
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many organizations seek to ensure a high standard of conduct in their members by developing and requiring adherence to a
Many organizations seek to ensure a high standard of conduct in their members by developing and requiring adherence to a code of ethics or a set of professional standards.
Organizations use codes of ethics or professional standards to establish guidelines and principles that members must follow. These codes serve as a framework for ethical behavior, setting expectations and promoting responsible conduct within the organization. By requiring adherence to these standards, organizations aim to maintain integrity, professionalism, and accountability among their members, ultimately contributing to a positive organizational culture and reputation.
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Which of the following describes how the team uses a cause-and-effect diagram to support project risk analysis? a. Team members are encouraged to keep asking "when?" to break down risks into more detailed causes. b. The team lists the risk as the "effect" in a box at the head of a fish, then names the big bones. C. The project team begins by identifying strengths, weaknesses, opportunities and threats. d. The team organizes assumptions and constraints in a fishbone pattern.
b. The team lists the risk as the "effect" in a box at the head of a fish, then names the big bones. in a cause-and-effect diagram, the team places the identified risk at the head of a fishbone diagram.
The diagram consists of "bones" that represent different categories or causes related to the risk. By naming these categories, the team can systematically analyze and identify the root causes contributing to the risk, facilitating a comprehensive understanding of the risk factors and supporting effective project risk analysis and mitigation strategies.
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There are many pressures in making decisions based on information you are working with. There is a high cost of testing for reliability and competition for getting your product in the market as soon as possible. Discuss the trade-offs between analyzing the data to make an informed decision or making a quick decision to beat the competition.
Analyzing data allows for an informed decision based on reliable information. It helps identify trends, patterns, and potential risks, reducing uncertainty. This approach ensures a higher chance of making a strategic and successful decision in the long run.
On the other hand, making a quick decision to beat the competition can provide a competitive advantage in the short term. It allows for a faster entry into the market, potentially capturing a larger share. However, this approach carries the risk of making a decision based on incomplete or unreliable information, leading to potential failures.
In summary, the trade-offs involve the balance between long-term strategic benefits and short-term gains. A company must consider the importance of thorough analysis and reliability, as well as the potential risks of making hasty decisions without complete information.
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Sound travels about 750 miles per hour. If you stand in a canyon and sound a horn, you will hear an echo.
Round your answers to the nearest tenth as needed.
a) Suppose it takes about 4 seconds to hear the echo. How far away is the canyon wall, in feet?
The canyon wall is feet away.
b) Suppose you stand 1,925 feet from the canyon wall and sound the horn. How long will it take to hear the echo?
It will take seconds to hear the echo.
The canyon wall is approximately 3,000 feet away. to determine the distance, we can use the formula: distance = speed × time.
Given that the speed of sound is 750 miles per hour, we convert it to feet per second by multiplying by 1,320 (since there are 5,280 feet in a mile and 60 minutes in an hour).
So, the speed of sound is approximately 1,320,000 feet per hour, which is approximately 22,000 feet per minute or 366.67 feet per second.
Since it takes 4 seconds to hear the echo, the distance can be calculated as 366.67 feet/second × 4 seconds = 1,466.68 feet (rounded to the nearest tenth).
Therefore, the canyon wall is approximately 3,000 feet away.
b) It will take approximately 0.9 seconds to hear the echo.
Using the same speed of sound (approximately 366.67 feet per second), we divide the distance of 1,925 feet by the speed of sound to find the time it takes for the sound to travel.
Time = distance / speed = 1,925 feet / 366.67 feet per second ≈ 5.25 seconds.
Therefore, it will take approximately 5.25 seconds (rounded to the nearest tenth) to hear the echo.
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A paper company is determining its cost of capital on a new poster board paper that it is producing. What rate should it use to discount the project’s cash flows?
A. Company cost of capital
B. Project cost of capital
A. The company should use its cost of capital to discount the project's cash flows. The cost of capital is the rate of return required by investors to fund the company's operations and investments.
When evaluating a new project, it is appropriate to use the company's cost of capital as the discount rate. The company's cost of capital reflects the overall risk and return expectations of the company's investors. It takes into account factors such as the cost of debt, cost of equity, and the company's capital structure. By using the company's cost of capital to discount the project's cash flows, the paper company ensures that the project's profitability is evaluated against the expectations of its investors. This approach helps in assessing the project's financial viability and comparing it to other investment opportunities within the company.
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Question 12 if a $2 excise tax is collected from pumpkin buyers on each pumpkin sold, then the demand curve for pumpkins will shift __________ by $2, thereby _________ the equilibrium price.
The demand curve for pumpkins will shift to the left by $2, thereby decreasing the equilibrium price. When a $2 excise tax is collected from pumpkin buyers on each pumpkin sold.
The quantity supplied at every price level. Since the supply curve has shifted, the equilibrium point, where the quantity demanded equals the quantity supplied, also shifts. The new equilibrium point will be at a lower quantity and a higher price. This means that the price at which pumpkins are sold will increase by less than $2 due to the excise tax.
In summary, the demand curve for pumpkins will shift to the left by $2, indicating a decrease in quantity demanded. As a result, the equilibrium price will increase, but by an amount less than the $2 excise tax.
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the current risk-free rate is 1.75%, the variance of the portfolio was 18%, the beta of the portfolio is 1.3, and the portfolio returns was 9.5%. what is the sharpe ratio of the portfolio?
The Sharpe ratio of the portfolio, which measures the risk-adjusted return, is approximately 14.04. It indicates the excess return earned per unit of risk, considering the risk-free rate, portfolio returns, and variance.
To calculate the Sharpe ratio of a portfolio, you subtract the risk-free rate from the portfolio's return and divide it by the portfolio's standard deviation.
Calculate the excess return:
Excess Return = Portfolio Return - Risk-Free Rate
= 9.5% - 1.75%
= 7.75%
Calculate the portfolio's standard deviation using beta and variance:
Portfolio Standard Deviation = Beta * sqrt(Variance)
= 1.3 * sqrt(18%)
≈ 1.3 * 0.4243
≈ 0.5518
Calculate the Sharpe ratio:
Sharpe Ratio = Excess Return / Portfolio Standard Deviation
= 7.75% / 0.5518
≈ 14.04
Therefore, the Sharpe ratio of the portfolio is approximately 14.04.
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When Pete Mills went to withdraw $6000 from the NFA Mutual fund, he was informed that the fund would charge 3 percent of the amount withdrawn. What is the dollar amount of the withdrawal charge
The withdrawal charge is calculated as a percentage of the amount being withdrawn. In this case, 3 percent of $6000 is $180 from mutual funds.
To calculate the dollar amount of the withdrawal charge, we can use the formula:
Withdrawal Charge = Withdrawal Amount x Withdrawal Fee Percentage
In this case, Pete Mills wants to withdraw $6000 from the NFA Mutual fund, and the fund charges a withdrawal fee of 3 percent. Plugging the values into the formula:
Withdrawal Charge = $6000 x 0.03
Withdrawal Charge = $180
Therefore, the dollar amount of the withdrawal charge is $180.
The withdrawal charge is calculated as a percentage of the amount being withdrawn. In this case, 3 percent of $6000 is $180.
The purpose of the withdrawal charge is to cover administrative costs or fees associated with processing the withdrawal.
It is a way for the mutual fund to recoup some of the expenses incurred when investors redeem their shares.
It's important for investors to be aware of any applicable fees or charges before making a withdrawal from a mutual fund. These charges can vary depending on the fund and the specific terms and conditions outlined in the fund's prospectus.
By understanding the withdrawal fees, investors can make informed decisions and factor in these costs when planning their investments.
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which of the following item is not included in the balance sheet? a. current assets b. intangible assets c. current liabilities d. long-term liabilities e. all of the above are included in the balance sheet
The balance sheet is a financial statement that provides an overview of a company's assets, liabilities, and equity at a specific point in time. The question asks which item is not included in the balance sheet among the given options:
Current assets, intangible assets, current liabilities, long-term liabilities, or all of the above. The item that is not included in the balance sheet among the given options is "e. all of the above are included in the balance sheet." This means that all of the items listed, including current assets, intangible assets, current liabilities, and long-term liabilities, are included in the balance sheet.
The balance sheet presents a company's financial position by detailing its assets, liabilities, and equity. Current assets represent assets that are expected to be converted into cash or consumed within one year, such as cash, inventory, and accounts receivable. Intangible assets encompass non-physical assets like patents, copyrights, and trademarks that have value but lack a physical form.
Current liabilities refer to obligations that are expected to be settled within one year, including accounts payable, short-term loans, and accrued expenses. Long-term liabilities, on the other hand, encompass obligations that extend beyond one year, such as long-term loans, bonds payable, and deferred tax liabilities.
By including all these elements, the balance sheet provides a snapshot of a company's financial health, liquidity, and leverage. It enables stakeholders to assess the company's ability to meet short-term obligations, its ownership of valuable intangible assets, and its long-term debt and financial stability.
The balance sheet includes current assets, intangible assets, current liabilities, and long-term liabilities. Each of these items plays a crucial role in depicting a company's financial position and is essential for evaluating its solvency, liquidity, and overall financial well-being.
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The Money Pit Mortgage Company is interested in monitoring the performance of the mortgage process. Fifteen samples of five completed mortgage transactions each were taken during a period when the process was believed to be in control. The times to complete the transactions were measured.
The Money Pit Mortgage Company conducted a study by taking fifteen samples of five completed mortgage transactions each to monitor the performance of the mortgage process.
In the study, the company measured the times it took to complete each of the mortgage transactions. By collecting data from multiple samples, the company aimed to assess the consistency and stability of the mortgage process. The sample data allowed them to analyze the average time to complete a mortgage transaction, as well as the variation and potential sources of process variation.
Statistical techniques such as control charts and process capability analysis can be applied to determine if the process is in control and meets the desired performance standards.
By monitoring the performance of the mortgage process through multiple samples, The Money Pit Mortgage Company can gain insights into the efficiency and effectiveness of their operations. This data-driven approach enables them to identify areas for improvement and make informed decisions to enhance their overall mortgage process.
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A small publishing company is releasing a new book. The production costs will include a one-time fixed cost for editing and an additional cost for each bock printed. The total production cost C (in dollars) is given by the function C=750+18.95N, where N is the number of books. The total revenue eamed (in dollars) from selling the books is given by the function R=34.60 N. Let P be the profit made (in doliars). Write an equation relating P to N. Simplify your answer as much as possible.
The equation relating profit (P) to the number of books printed (N) is P = 34.60N - 750 - 18.95N.
To determine the equation relating profit (P) to the number of books printed (N), we need to consider the costs and revenue involved in the production and sale of the books. The production cost (C) is given by C = 750 + 18.95N, where 750 represents the one-time fixed cost for editing and 18.95N represents the additional cost for each book printed.
The revenue earned (R) from selling the books is given by R = 34.60N, where 34.60 represents the revenue per book sold.
To calculate the profit (P), we subtract the production cost from the revenue: P = R - C. Substituting the given equations for R and C, we have P = 34.60N - (750 + 18.95N).
Simplifying the equation, we combine like terms: P = 34.60N - 750 - 18.95N. This gives us the final equation relating profit to the number of books printed.
In this equation, the term 34.60N represents the revenue earned from selling the books, while the term 18.95N represents the production cost for printing each book. The constant term -750 represents the fixed cost for editing, which is subtracted from the revenue and production cost.
By using this equation, the small publishing company can calculate the profit they will make based on the number of books they plan to print and sell.
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fabulous frank's bodacious aggressive growth mutual fund pays 1.23 percent per quarter. what is the annual percentage rate (apr) for frank's fund?
Frank's fund has an annual percentage rate of approximately 4.92%.
Use the formula to find the annual percentage rate (APR) for Frank's fund:
APR = [tex](1 + r/n)^{n - 1}[/tex]
r is the quarterly interest rate (as a decimal) and n is the number of times the interest is compounded in a year.
In this case, r = 0.0123 (1.23% divided by 4) and n = 4 (since there are four quarters in a year).
Plugging these values into the formula, we get:
APR = [tex](1 + 0.0123/4)^{4 - 1}[/tex]
APR ≈ 0.0492 or 4.92%
Therefore, the annual percentage rate is 4.92%.
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Subprime mortgages were loans made to borrowers with _____ credit and who, as a result, were charged _____ interest rates.
a)poor; highb)excellent; lowc)excellent; highd)poor; low
Correct option is a)poor; high.Subprime mortgages were loans made to borrowers with poor credit and who, as a result, were charged high interest rates.
Subprime mortgages were loans specifically designed for borrowers with poor credit scores. These borrowers typically had a history of financial difficulties or limited creditworthiness, making it risky for traditional lenders to offer them loans.
To compensate for the increased risk, lenders charged higher interest rates on subprime mortgages compared to prime mortgages. The higher interest rates were intended to offset the potential losses associated with lending to borrowers with poor credit.
The subprime mortgage crisis of 2007-2008 highlighted the risks associated with these types of loans. Many subprime borrowers struggled to make their mortgage payments, leading to a surge in foreclosures and a subsequent collapse in the housing market. The crisis had widespread economic consequences, affecting not only homeowners but also financial institutions and the global economy as a whole.
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You make a loan of $400 with a 6 nnual compounded interest for a period of seven years. what is your $400 worth seven years later?
The value of your $400 loan after seven years with a 6% annual compounded interest can be calculated using the formula for compound interest: A = P(1 + r/n)^(nt)
In this case, the principal amount (P) is $400, the annual interest rate (r) is 6% (or 0.06 as a decimal), the compounding frequency (n) is annual (1 time per year), and the number of years (t) is 7. Plugging these values into the formula, we get:
A = 400(1 + 0.06/1)^(1*7)
A = 400(1 + 0.06)^7
A = 400(1.06)^7
Calculating the value, we find: A ≈ $593.50. Therefore, your $400 loan would be worth approximately $593.50 after seven years with a 6% annual compounded interest.
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intellectual capital refers to tangible assets and resources of an enterprise that are captured by conventional accounting reports. true false
False. Intellectual capital refers to intangible assets and resources of an enterprise that are not captured by conventional accounting reports.
Is it true that intellectual capital refers to tangible assets and resources captured by conventional accounting reports?It encompasses the knowledge, expertise, skills, patents, trademarks, copyrights, customer relationships, and other intangible assets that contribute to a company's value and competitive advantage.
These assets are not typically reflected in financial statements, as they do not have a physical or monetary form that can be easily quantified.
However, intellectual capital is recognized as a critical driver of long-term success and innovation in today's knowledge-based economy.
While conventional accounting reports primarily focus on tangible assets, intellectual capital plays a significant role in creating and sustaining value for organizations and is increasingly recognized as a strategic resource that should be managed and leveraged effectively.
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A local Kia automobile dealership owner conducted some informal market research and found that many consumers had negative attitudes toward this brand. Explain what can be done to change the cognitive component of consumers' attitudes.
When a local Kia automobile dealership owner conducted some informal market research and found that many consumers had negative towards this brand, he/she might want to change the cognitive component of consumers' attitudes to boost sales.
There are a few things that the owner can do to achieve this:Explain Explain Explain Explain Explain Explain Explain:1. Provide information about the brandThe owner can provide information about the brand that challenges the negative beliefs held by consumers. The owner can highlight the features of the brand that make it stand out from competitors.2. Redefine the brandThe owner can redefine the brand to make it more attractive to consumers. For instance, the owner can change the image of the brand to make it more modern, dynamic, or innovative.3. Associate the brand with positive thingsThe owner can associate the brand with positive things that people like. For instance, the owner can associate the brand with famous people, popular music, or sports events.4. Engage with consumersThe owner can engage with consumers to understand their concerns and address them. This can help to build trust and confidence in the brand.5. Use social mediaThe owner can use social media to promote the brand and interact with consumers. Social media can be a powerful tool to change consumers' attitudes towards a brand.6. Offer discountsThe owner can offer discounts or promotions to encourage consumers to give the brand a chance. This can help to increase sales and build brand loyalty.
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A trading company intends to install a small PBX to handle every increasing internal as well as external calls within the company. It is expected that the employees will collectively generate Poisson outgoing external calls with a rate of calls per minute. The duration of these outgoing calls is independent and exponentially distributed with a mean of minutes. Assuming that the PBX has separate external lines to handle the incoming external calls, how many external outgoing lines are required to ensure that the blocking probability is less than 1? You may assume that when an employee receives the busy tone he/she will not make an attempt again.
To ensure a blocking probability of less than 1, the trading company should install a minimum of 11 external outgoing lines for the small PBX.
The Poisson process is commonly used to model the arrival rate of calls in a telecommunication system. In this case, the employees generate outgoing external calls with a rate of λ calls per minute, and the duration of these calls follows an exponential distribution with a mean of 1/μ minutes.
To calculate the number of external outgoing lines required to achieve a blocking probability of less than 1, we can use the Erlang B formula. The Erlang B formula calculates the probability that all lines are busy, resulting in a blocked call.
The formula is given by:
[tex]P_B = (A^C) / (C!)[/tex]
Where P_B is the blocking probability, A is the offered traffic in Erlangs, and C is the number of lines.
In this case, the offered traffic A can be calculated by multiplying the call arrival rate λ with the mean call duration 1/μ:
A = λ * (1/μ)
To achieve a blocking probability of less than 1, we need to solve the Erlang B formula for C, the number of lines:
[tex]1 = (A^C) / (C!)[/tex]
By trial and error or using numerical methods, it can be determined that a minimum of 11 external outgoing lines is required to satisfy the condition.
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of the current year's sales, $2,100 will eventually be uncollectible. the allowance for uncollectible accounts balance is $350. the journal entry for recording the adjustment for uncollectible accounts, based on the percent of sales method, is
Given that the allowance for uncollectible accounts balance is $350, you may also need to adjust the allowance account accordingly.
To record the adjustment for uncollectible accounts based on the percent of sales method, you would use the following journal entry:
Debit: Bad loan Expense $2,100
Credit: Allowance for Uncollectible Accounts $2,100
The Bad Debt Expense is debited to recognize the expense associated with the estimated uncollectible accounts. The Allowance for Uncollectible Accounts is credited to increase the balance in the allowance account, reflecting the estimated amount of uncollectible accounts.
Given that the allowance for uncollectible accounts balance is $350, you may also need to adjust the allowance account accordingly. Assuming the current balance of the allowance account is already reflected in the balance provided, you would only need to record the adjustment for the estimated uncollectible accounts.
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the sawyer company estimates $1,500 of the current year's sales will eventually be uncollectible. the allowance for uncollectible accounts balance is $200. the journal entry for recording the adjustment for uncollectible accounts is
The journal entry for recording the adjustment for uncollectible accounts is missing and needs to be provided. To record the adjustment for uncollectible accounts, the following journal entry can be made:
Debit: Bad Debt Expense
Credit: Allowance for Uncollectible Accounts
In this case, the estimated uncollectible amount of $1,500 needs to be recognized as an expense, and the existing balance in the Allowance for Uncollectible Accounts account needs to be adjusted accordingly.
The debit to Bad Debt Expense increases the expense on the income statement, reflecting the estimated uncollectible amount. The credit to Allowance for Uncollectible Accounts reduces the balance in the account to account for the increase in estimated uncollectible accounts.
The specific amounts will depend on the current balance in the Allowance for Uncollectible Accounts account and any previous adjustments made during the year. However, based on the information provided, the journal entry would look something like this:
Debit: Bad Debt Expense $1,500
Credit: Allowance for Uncollectible Accounts $1,500
This journal entry recognizes the estimated uncollectible accounts and adjusts the allowance account accordingly, ensuring that the financial statements reflect the anticipated loss from uncollectible accounts receivable.
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What happens to consumer surplus in the cell phone market if cell phones are normal goods and buyers of cell phones experience an increase in income
If cell phones are normal goods and buyers of cell phones experience an increase in income new buyers enter the market, increasing consumer surplus.
Consumer surplus is the term used to describe situations when consumers pay less for a commodity or service than they would be willing to. Consumer surplus is based on the economic idea of marginal utility, which is the extra pleasure a client has after acquiring one more unit of a good or service.
Consumer surplus is the difference between what consumers are willing to spend and what they ultimately pay for a product. Each price along a demand curve also represents the marginal benefit of every item of consumption for a consumer.
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chester's balance sheet has $79,362,000 in equity. if next year, assets decrease by $4,000,000 and liabilities increase by $2,000,000, what will be chester's book value?
To calculate Chester's book value, we need to use the formula:
Book Value = Equity = Assets - Liabilities
Given that Chester's balance sheet has $79,362,000 in equity, we can start by substituting the equity value into the equation:
$79,362,000 = Assets - Liabilities
Next, we are provided with the changes in assets and liabilities for the next year. The assets decrease by $4,000,000, and the liabilities increase by $2,000,000. We need to adjust the equation accordingly:
$79,362,000 = (Assets - $4,000,000) - (Liabilities + $2,000,000)
We can simplify this equation by combining like terms:
$79,362,000 = Assets - $4,000,000 - Liabilities - $2,000,000
Now, let's rearrange the equation to isolate the assets:
Assets = $79,362,000 + $4,000,000 + Liabilities + $2,000,000
Simplifying further, we get:
Assets = $83,362,000 + Liabilities
Finally, we can substitute this value of assets back into the book value formula:
Book Value = Assets - Liabilities
Book Value = ($83,362,000 + Liabilities) - Liabilities
Book Value = $83,362,000
Therefore, Chester's book value will be $83,362,000.
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competive firm is producing where mc=p. if the firm increases its output, its total revenue will __________ and its costs will________. multiple choice rise, rise rise, fall fall, rise fall, fall
If a competitive firm increases its output beyond the point where MC equals P, its total revenue will rise.
If a firm in a competitive market is producing at a point where its marginal cost (MC) and price (P) are equal, this suggests that the firm is making the most money possible by producing the number of units at that point, where the cost of manufacturing one more unit is equal to the money made from selling it.
Beyond this point, the company's output will improve, and so will its overall revenue. This is because, provided that the price stays constant in a market that is completely competitive, every additional unit sold will increase overall income. The firm's overall revenue will rise as a result of the increased output.
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if an industry is perfectly competitive or monopolistically competitive, then the government has relatively little reason for concern about:group of answer choices
If an industry is perfectly competitive or monopolistically competitive, then the government has relatively little reason for concern about the extent of competition. Option d is correct.
A competitive market structure is defined as one in which no single entity can dictate prices or supply, and in which competition exists between entities, whereas a monopoly market structure is defined as one in which a single entity has complete control over pricing, production, and supply.
As a result, the government is less concerned about the extent of competition in these market structures. As a result, option D is the correct answer. Option A is incorrect because while industries with economies of scale are less competitive, this is not the reason for government concern.
Regulatory capture, or the practice of allowing regulators to become subject to the industry's influence, is option B. The government is generally concerned about this. Option C, "new ways of pleasing customers," has no bearing on the government's position in a competitive industry.
Therefore, d is correct.
If an industry is perfectly competitive or monopolistically competitive, then the government has relatively little reason for concern about
a) taking advantage of economies of scale.
b) regulatory recapture.
c) new ways of pleasing customers.
d) the extent of competition.
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you have $400,000 saved for retirement. your account earns 6% interest. how much will you be able to pull out each month, if you want to be able to take withdrawals for 25 years?
If you want your savings to last for 25 years, you will be able to withdraw approximately $2,620 each month.
To calculate the monthly withdrawal, use the formula for annuity payments. With $400,000 and a 6% interest rate, the annual withdrawal amount is found using the formula A = P * (r / (1 - (1 + r)⁻ⁿ)).
Plugging in the values, A = 400,000 * (0.06 / (1 - (1 + 0.06)⁻²⁵)). Simplifying the equation gives us A ≈ $31,446. Dividing this by 12 to find the monthly withdrawal, we get approximately $2,620.
To calculate the monthly withdrawal, we use the formula for annuity payments. We plug in the values of $400,000 for P (principal), 6% (0.06) for r (interest rate), and 25 for n (number of years).
Simplifying the equation gives us an annual withdrawal amount of approximately $31,446. To find the monthly withdrawal, we divide this by 12, giving us approximately $2,620.
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what kind of messages judge another person, usually in a negative way that lacks specifics? group of answer choices evaluative descriptive strategic provisional
The term that describes the kind of messages that judge another person, usually in a negative way that lacks specifics is evaluative. Option a is correct.
Evaluative messages are judgments about a person's character, behavior, or motives. They are not based on specific observations or facts but rather on personal opinions and biases. Evaluative messages are often used to criticize or condemn others and can be hurtful or damaging to a person's self-esteem.
Examples of evaluative messages include "you're lazy," "you're selfish," or "you're not a good friend." To improve communication and avoid negative judgments, it's important to use descriptive messages that are based on specific observations and avoid making evaluative statements.
Therefore, a is correct.
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Cox Footwear pays a constant annual dividend. Last year, the dividend yield was 2.5 percent when the stock was selling for $26 a share. What is the current price of the stock if the current dividend yield is 3.1 percent
Cox Footwear pays a constant annual dividend. Last year, the dividend yield was 2.5 percent when the stock was selling for $26 a share.
the current price of the stock if the current dividend yield is 3.1 percent.To find the current price of the stock, we can use the dividend yield formula.
Dividend yield = Dividend per share / Stock price
Let's denote the current dividend per share as D and the current price of the stock as P.
According to the information given, last year's dividend yield was 2.5 percent, and the stock was selling for $26 a share.
So, we can set up the equation as:
0.025 = D / 26
Solving for D, we find that D = 0.025 * 26 = $0.65
Now, we are given that the current dividend yield is 3.1 percent. We can use this information to find the current price of the stock.
0.031 = D / P
Substituting the value of D as $0.65, we can solve for P:
0.031 = 0.65 / P
Multiplying both sides of the equation by P, we get:
0.031P = 0.65
Dividing both sides of the equation by 0.031, we find that:
P = 0.65 / 0.031
Calculating this, we find that the current price of the stock is approximately $20.97.
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steady as she goes incorporated will pay a year-end dividend of $3.50 per share. investors expect the dividend to grow at a rate of 6% indefinitely. if the stock currently sells for $35.00 per share, what is the expected rate of return on the stock?
The expected rate of return on the stock is 16%.
The expected rate of return on the stock can be calculated using the dividend growth model. The formula is:
expected rate of return = dividend yield + dividend growth rate.
First, let's calculate the dividend yield.
The dividend yield is the annual dividend divided by the stock price. In this case, the annual dividend is $3.50 per share and the stock price is $35.00 per share. So, the dividend yield is 3.50/35.00 = 0.10 or 10%.
Next, let's calculate the dividend growth rate. The dividend growth rate is given as 6% in the question.
Now, we can calculate the expected rate of return. It is the sum of the dividend yield and the dividend growth rate. So, the expected rate of return is 10% + 6% = 16%.
In summary, the expected rate of return on the stock is 16%.
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• zhou n., wang h. forthcoming. foreign subsidiary csr as a buffer against parent firm reputation risk. journal of international business studies.
The article "Foreign Subsidiary CSR as a Buffer against Parent Firm Reputation Risk" by Zhou N. and Wang H. is forthcoming in the Journal of International Business Studies. Reputation risk refers to the potential damage to a company's image and brand due to negative events or actions.
The authors argue that when foreign subsidiaries engage in CSR activities, such as supporting local communities or implementing sustainable practices, they can enhance the reputation of the parent firm. By engaging in CSR, foreign subsidiaries can act as a buffer against reputation risk by mitigating negative perceptions and enhancing the overall brand image of the parent company.
This is important as reputation risk can have significant negative impacts on a company's financial performance and stakeholder relationships. Overall, this forthcoming article sheds light on the role of foreign subsidiary CSR in managing reputation risk for parent firms. It highlights the importance of engaging in socially responsible practices to enhance a company's reputation and maintain stakeholder trust.
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the primary forms of business organization in the united states are the sole proprietorship, the and the corporation.
These three forms of business organization each have their advantages and disadvantages, and the choice depends on factors such as liability, control, taxation, and access to capital. It is important for entrepreneurs to carefully consider their options and seek professional advice when deciding on the best form for their business.
1. Sole Proprietorship: This is the simplest form of business organization, where an individual owns and operates the business on their own. They have complete control and are personally liable for all debts and obligations of the business. Sole proprietorships are easy to set up and dissolve, but the owner bears all financial risks.
2. Partnership: A partnership is formed when two or more individuals share ownership and management responsibilities of a business. Partners contribute capital, share profits and losses, and have personal liability for the business's debts. There are two types of partnerships: general partnerships and limited partnerships.
3. Corporation: A corporation is a separate legal entity from its owners. It is owned by shareholders who elect a board of directors to oversee major decisions. Corporations have limited liability, meaning shareholders are not personally liable for the company's debts. They can raise capital through the sale of stocks and have perpetual existence.
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You expect to deposit the following cash flows at the end of years 1 through 5, $1,000; $4,000; $9,000; $5,000; and $2,000 respectively. What is the future account value at the end of year 20 if you can earn 10% p.a., compounded continuously
The future account value at the end of year 20, with continuous compounding, is approximately $4,526.83.
To calculate the future account value at the end of year 20 with continuous compounding, we can use the formula:
A =[tex]P * e^_(rt)[/tex]
Where:
A = future account value
P = initial deposit
e = Euler's number (approximately 2.71828)
r = interest rate (as a decimal)
t = time period (in years)
In this case, the initial deposit (P) is $1,000 and the interest rate (r) is 10% p.a. (0.10). The time period (t) is 20 years. Let's calculate the future account value:
A = [tex]$1,000 * e^_(0.10 * 20)[/tex]
Using a calculator, we find that e^(0.10 * 20) is approximately 4.52683.
A = $1,000 * 4.52683
The future account value at the end of year 20, with continuous compounding, is approximately $4,526.83.
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