OPtion B is correct. Bob continues his research because even though there is no linear relationship here, there could be a different relationship.
What does bob concluded?Although the correlation value he obtained is only 0.05, Bob should select option (b) and continue his research because it does not necessarily imply that there is no connection between the number of rooms and the selling price. Although a linear model cannot account for all possible relationships between two variables, a coefficient of correlation of 0.05 implies a weak positive link between the two variables. The selling price can be influenced by additional factors as well, which could account for the weak association. In order to comprehend the connection between both the number of beds and the selling price, Bob needs investigate the data in more detail and take into account different statistical methodologies.
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the federal government's demand for loanable funds is . if the budget deficit is expected to increase, the federal government's demand for loanable funds will . a. interest-elastic; increase b. interest-inelastic; increase c. interest-inelastic; decrease d. interest-elastic; decrease
The need for loanable funds is being expressed by the federal government. If a growing budget deficit is predicted, the federal government will need more loanable funds. growth in interest-elasticity.
The required details about loanable funds is mentioned in below paragraph.
The conventional method, which only predicated the interest rate on saving and investing, now includes bank credit thanks to the loanable funds concept. Due to the banking industry's capacity to generate credit out of thin air, the overall amount of credit available in an economy may exceed individual saving. The creation or destruction of fiat money and credit also affects saving and investment habits, as well as the equilibrium (or market) interest rate. The market interest rate will, if the banking sector increases credit, at least temporarily decrease.
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Infill Land Development Company is in financial difficulty. The company has an 18 -acre parcel of land approved for development with a current up to date independent appraised value of $3,630,000. The 18 acres of land originally cost Infill Development $1,450,000. Infill has a loan outstanding with the Bank of Walnut Grove in the amount of $3,415,000. On July 1, 2020, the board of directors of the bank agreed to accept the land currently valued at $3,630,000 in full settlement of the $3,415,000 loan. Instruction Prepare the journal entries required for both the Bank of Walnut Grove and the Infill Development to record the settlement of the outstanding loan.
A journal entry acts as a record of a commercial transaction in your company's books. In double-entry accounting, each transaction necessitates at least two journal entries.
What is journal entry?Journal entries in an accounting book serve as a record of financial activities for an organization. A completely documented journal entry includes an exact date, the amounts to be debited and credited, an explanation of the event, and a unique reference number.
Every business transaction is recorded in the Journal, sometimes referred to as the Journal of Primary Entry. The contents of these simple journal entries are then transferred to the different books of accounts.
Infill development settled loan aginst sale of land value of $3,630,000.
Infill development earned profiit of $1,450,000 on settlement of $3,415,000 loan against land value of $3,630,000.
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the manager of a farmer's market has 100 lb of grain that costs $1.70 per pound. how many pounds of meal costing $0.80 per pound should be mixed with the 100 lb of grain to produce a mixture that costs $1.10 per pound?
$680 pounds of grain must be mixed with 100 pounds of grain to make a mix of $1.10 per pound.
Let's start by assigning letters to represent unknowns.
x = number of pounds. 0.80 meals per pound.
Let us now put in words the cost equation that describes the combination of grain and flour components to produce the final blend.
Grain cost + meal cost = mix cost
Now come up with a cost term to solve the equation for the unknown (x).
Grain cost = (1.60)(350)
Meal cost = (0.80)(x)
Blend cost = (1.36)(x + 350)
Now let's plug the cost term into the word equation and solve for the unknown (x).
(1.60)(350) + (0.80)(x) = (1.36)(x + 350)
560 + 0.80x = 1.36x + 476
1.36x - 0.80x = 560 - 476
0.56x = 84
x = 84/0.56
x = 150 (pounds of meal
0.80 per pound)
Finally, you can use it to validate your answer by checking if the cost of the components is a mixed cost.
Grain cost = (1.60)(350) = $560
Meals = (0.80)(150) = $120
Blend cost = (1.36)(150 + 350) = (1.36)(500)
Blend cost = (1.36)(500) = $680
$560 + $120 = $680
$680 = $680 (component cost = mixed cost)
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which of the following costs should not be included in research and development? facility costs. personnel costs. administrative costs. indirect costs.
Answer:
administrative costs
Explanation:
it doesn’t get allocated to R&D
learned corporation has provided the following information: cost per unit cost per period direct materials $ 5.00 direct labor $ 4.25 variable manufacturing overhead $ 1.85 fixed manufacturing overhead $ 35,000 sales commissions $ 0.70 variable administrative expense $ 0.60 fixed selling and administrative expense $ 9,100 required: a. for financial reporting purposes, what is the total amount of product costs incurred to make 7,000 units? b. for financial reporting purposes, what is the total amount of period costs incurred to sell 7,000 units? c. if the selling price is $23.80 per unit, what is the contribution margin per unit sold? (round your answer to 2 decimal places.) d. if 8,000 units are produced, what is the total amount of direct manufacturing cost incurred? e. if 8,000 units are produced, what is the total amount of indirect manufacturing costs incurred?
Answer:
Explanation:
nv hh
For financial reporting purposes, the total amount of product costs incurred to make 7,000 units is $89,750. The total amount of period costs incurred to sell 7,000 units is $102,800. The contribution margin per unit sold is $11.40.
a. To calculate the total amount of product costs incurred to make 7,000 units, we need to sum up the direct materials, direct labor, variable manufacturing overhead, and fixed manufacturing overhead. The total product costs can be calculated as follows:
Total product costs = (Direct materials cost per unit + Direct labor cost per unit + Variable manufacturing overhead cost per unit) x Number of units
= ($5.00 + $4.25 + $1.85) x 7,000
= $89,750
b. The total amount of period costs incurred to sell 7,000 units can be found by summing up the sales commissions, variable administrative expenses, and fixed selling and administrative expenses. The total period costs can be calculated as follows:
Total period costs = (Sales commissions cost per unit + Variable administrative expense per unit + Fixed selling and administrative expense) x Number of units
= ($0.70 + $0.60 + $9,100) x 7,000
= $102,800
c. The contribution margin per unit sold can be calculated by subtracting the total variable costs per unit (direct materials, direct labor, variable manufacturing overhead, sales commissions, and variable administrative expense) from the selling price per unit:
Contribution margin per unit sold = Selling price per unit - Total variable costs per unit
= $23.80 - ($5.00 + $4.25 + $1.85 + $0.70 + $0.60)
= $23.80 - $12.40
= $11.40
d. To find the total amount of direct manufacturing cost incurred for 8,000 units, we can multiply the direct manufacturing cost per unit by the number of units:
Total direct manufacturing cost = Direct manufacturing cost per unit x Number of units
= ($5.00 + $4.25) x 8,000
= $74,000
e. The total amount of indirect manufacturing costs can be found by subtracting the total direct manufacturing costs from the total product costs:
Total indirect manufacturing costs = Total product costs - Total direct manufacturing costs
= $89,750 - $74,000
= $15,750
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you just won a lottery that promises to pay you $1 million exactly 10 years from today. because the $1 million payment is guaranteed by the state in which you live, opportunities exist to sell the claim today for an immediate lump-sum cash payment. what is the least you will sell your claim for if you could earn 5.05 % on similar-risk investments during the 10-year period?
we obtained the answer to this question : the minimum price is $434,214.74.
Giving the following information:
Future Value= $1,000,000
Number of periods= 10 years
Discount rate= 5.05%
The minimum price of the prize is the present value of the payment. To ascertain the present value, we need to utilize the following recipe:
PV= FV/(1 + i)^n
PV= 1,000,000/(1.087^10)
PV= $434,214.74
The minimum price is $434,214.74.
Present value expresses that an amount of money today is worth more than a similar amount in the future.
In other words, present value shows that money received in the future is not worth however much an equivalent amount received today.
Unspent money today could lose value in the future by an implied annual rate because of inflation or the rate of return if the money was invested.
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althea just received her first paycheck at work. she's excited, but as she looks at her pay stub, she gets confused. she wants to know how much money she made in this pay period, but there are so many different numbers. if althea wants to know how much money will actually be deposited in her bank account, she should look at the
She should consider her take-home pay. (A) is the correct answer. The payee must mark his as well as her identifier upon that back of a verification process to endorse it.
Financial data is useless if it's not presented in an easy to understand manner. Obtaining employee input is often beneficial when determining the different kinds of data that even the company needs to operate.
The portability of electronic devices like smart phones as well as laptops for managing financial transactions and timetables is an additional benefit.
A database search term enables an individual to find financial records that meet the same criteria.
The government helps enterprises to follow regulatory standards to minimize the possibility of harm occurring in the organization.
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an appraiser found three comparable properties however she believed that one of the properties was significantly more relevant to the true value of the subject property. in this case, the appraiser would most likely do what?
Assigning equal weights to every one three properties is what an assessment would most likely do.
Which is a gross lease according to the definition?when the landlord covers the costs of maintaining the property, including taxes and insurance, or the owner pays a fixed rent. The lease stipulates how utilities are to be paid.
Which of these following property kinds would most likely be accurately valued using the cost approach?The three distinct approaches to value are the most important thing to keep in mind when thinking about the evaluation process. Residential houses and undeveloped land are the ideal uses for the market data strategy. On properties with a specific use, such as chapels, institutions, hospitals, or new construction, the cost approach works well.
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the labor force is the sum of the ? a. number of employed people and the number of unemployed people. b. total population and the number of unemployed people. c. working-age population and the number of unemployed people. d. number of employed people and the working-age population.
(a) The number of people employed and the number of people unemployed in the labor force is the sum.
The labor force is the sum of the employed plus the unemployed,and the unemployment rate is the number of unemployed divided by the number in the labor force. People are considered employed if they work at least one hour for wages or in their own business at any time of the week, including the twelfth day of the month.The labor force comprises those who are employed and those who are interested in working and looking for suitable employment. Therefore, it includes both employed and unemployed citizens.Labor force participation rates are calculated as the labor force divided by the total working-age population.The working-age population refers to people between the ages of 15 and 64. This indicator is broken down by age group and is measured as a percentage of each age group.The measure used to provide the proportion of the total number of working-age population that is a member of the labor force is known as the labor force participation rate.
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if amazon prime deliveries consistently arrive to their customers within the promised 2-day delivery window, which performance dimension is amazon doing well at?
If Amazon Prime deliveries consistently arrive within the promised 2-day delivery window, then Amazon is doing well at the performance dimension of "reliability" or "timeliness".
This dimension measures how well a company delivers its products or services on time and as promised. By consistently delivering within the promised 2-day window, Amazon is demonstrating its ability to meet customer expectations and deliver a reliable and timely service.
Amazon Prime is a paid subscription service from Amazon which is available in various countries and gives users access to additional services otherwise unavailable or available at a premium to other Amazon customers. Services include same, one- or two-day delivery of goods and streaming music, video, e-books, gaming and grocery shopping services. In April 2021, Amazon reported that Prime had more than 200 million subscribers worldwide.
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Which step of business process management allows managers to create a continually improving process? Multiple Choice Step 3: process execution Step 1: process design Step 5: process optimization Step 4 process monitoring
The step of business process management that allows managers to create a continually improving process is Process Optimization.
What does the Process Optimization mean?
Process Optimization is the step in business process management that involves analyzing and improving existing processes to achieve better performance, efficiency, and effectiveness. This step involves identifying areas of improvement, redesigning processes, and implementing changes that enhance performance, reduce errors, and eliminate waste.
In the process optimization step, managers use data analysis and process monitoring tools to identify bottlenecks and inefficiencies in the process. They may also gather feedback from stakeholders, customers, and employees to identify areas for improvement.
Once the areas of improvement are identified, managers can redesign the process to improve its performance, efficiency, and effectiveness. This may involve making changes to the process flow, the use of technology, the allocation of resources, or the training of employees.
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after earning $8 billion in profit, royal dutch/shell decided to strive to double its profits within the next five years. which classical management function would be instrumental in achieving this goal? a. motivating b. marketing c. planning d. research and development e. optiimiizing
Planning classical management function would be instrumental in achieving this goal.
Classical Operation proposition is grounded on the belief that workers only have physical and profitable requirements. Unlike further ultramodern plant operation propositions, it doesn't take into account social requirements or job satisfaction. rather, classical operation proposition advocates a specialization of labor, centralized leadership and decision- timber, and profit maximization.
Designed solely to streamline operations, increase productivity and enhance the nethermost line, this operation proposition arose in the late 19th century and gained elevation through the first half of the 20th century. While not as extensively subscribed to in ultramodern times, the classical operation proposition offers some principles that remain valid, to an extent, in small business settings in regard to manufacturing.
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Answer:
The classical management function that would be instrumental in achieving Royal Dutch/Shell's goal of doubling its profits within the next five years would be planning. Planning involves setting goals and determining the steps needed to achieve them. It also involves developing a timeline and budget to ensure that goals are achieved in the most efficient and effective way possible.
dressed in your best suit, you firmly shake the hand of a prospective new employer when introducing yourself, then maintain stiff posture and minimize direct eye contact during your interview. according to research, which nonverbal behaviors work better to win over this person?
You introduce yourself to a potential new employer while wearing your nicest suit, shake their hand firmly, and during the interview, keep a rigid posture and avoid making direct eye contact. It is easier to win them over by shaking their hands firmly and dressing professionally.
What are handshakes?A handshake is a widely practiced, quick welcome or farewell custom that involves two individuals grabbing each other's similar hands and, in most situations, briefly moving them up and down.
The traditions surrounding handshakes vary among civilizations.
The firmness of your handshake shouldn't be excessive.
Avoid squeezing or pinching the other person's palms.
The perfect handshake will be relaxed and match the other person's grasp pressure.
Therefore, you introduce yourself to a potential new employer while wearing your nicest suit, shake their hand firmly, and during the interview, keep a rigid posture and avoid making direct eye contact. It is easier to win them over by shaking their hands firmly and dressing professionally.
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The energy star program encourages manufacturers to reduce the amount of electricity used by computers and related devices.a. Trueb. False
The energy star program encourages manufacturers to reduce the amount of electricity used by computers and related devices ; True.
What is the electricity ?Electricity is a form of energy that is produced by the movement of charged particles, such as electrons. It is commonly used to power various electrical devices and appliances, such as televisions, computers, and lights. Electricity can also be used to provide power for transportation, such as trains and electric cars. It is used in many industries, such as manufacturing, agriculture, and medicine. Electricity is created from a variety of sources, such as coal, natural gas, nuclear, hydroelectric, and wind. Electricity is an important part of modern life, as it is used to provide power for many everyday activities.
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say that the market for soybeans is characterized by a large number of buyers and a great many small sellers, and that one soybean is essentially the same as another. what type of competition is described here?
Perfect competition is being described in the above market.
What is Perfect competition?According to economic theory, perfect competition arises when all businesses offer the same goods, the price is unaffected by market share, businesses can enter or quit the market without any obstacles, consumers have complete or perfect information, and businesses are unable to set prices. In economics, specifically general equilibrium theory, a perfect market, also known as an atomistic market, is defined by a number of idealising conditions, which are referred to as perfect competition, or atomistic competition, as a whole. a marketing scenario in which there are several companies selling a single, undifferentiable product; as a result, no company has a substantial impact on price. Other current circumstances are the simplicity of new businesses entering the market and excellent market knowledge.
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19. the work breakdown structure is subdivided into smaller components called: a. work packages b. milestones c. deliverables d. tasks
The correct option is A, Work packages. A Work Breakdown Structure (WBS) is a tool used to break down a project into smaller, more manageable components. These components are called work packages and represent specific deliverables of the project.
Milestones are also included in the WBS and are used to measure progress and achievements throughout the project. Outputs are the products, services or results that the project produces and are usually the main focus. Finally, tasks are the individual activities that must be performed to complete each work package and deliverable.
Tasks are the smallest elements of the WBS and are usually assigned to a specific person or group. In a nutshell, a WBS is a tool used to break down a project into smaller components such as work packages, milestones, deliverables, and tasks so that it can be more effectively managed and organized.
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according to the laws of intestate succession, when no surviving heirs can be found, then proceeds from the estate go to
If no living heirs remain, the surviving spouse receives the whole probate estate.
A probate estate is what?The process of probate involves examining and distributing the assets that belonged to a deceased person's estate. When a landowner passes away, their possessions are frequently reviewed. Many times, the person who passed away left behind established documentation that specifies how their assets must be dispersed after death.
Describe law.The exact meaning of the law is up for debate, but it is generally understood to be a set of regulations that are made and enforced by societal or government structures to control behavior.
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Reporting wrongdoing in a business or government is known as:_______
When a whistleblower alerts someone outside the organization, such as the media, about wrongdoings, this is referred to as external whistleblowing.
Describe the whistleblower.Those who are considered to be able to take action, such as the organization itself, the appropriate authorities, or the public, are informed of corruption or other wrongdoing occurring in or by an organization by whistleblowers.
A government whistleblower is what?Any person who gives the appropriate information to the appropriate parties is considered a whistleblower. To put it another way, legal whistleblowing happens when someone informs a designated recipient of material that they frankly feel shows wrongdoing.
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which of the following is included in government expenditures when measuring the gdp ? a. pension payments made to former presidents. b. the current president's salary. c. unemployment compensation payments. d. social security payments.
D) the salary of the present president The salary of the current president is counted as a government expense when calculating GDP because it is a cost incurred by the government to retain the president's services.
What purchases by the government are included in GDP?Government spending is measured by consumption costs and gross investments, which are factored into GDP calculations. Consumption expenses, as well as payments for social benefits and other transfers, interest, and corporate subsidies, are all included in the government's current expenditures.
The total of all final products and services purchased in an economy during a predetermined time period is taken into account when computing gross domestic product (GDP) using the expenditure method. All consumer expenditure, government spending, corporate investment spending, and net exports are included in this.
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A large secondary group formed to achieve specific goals is a formal organization. True or False?
The statement given in question is True.
A large secondary group formed to achieve specific goals is a formal organization.
A formal organization is a large secondary group created to achieve specific goals in an efficient and structured manner. It is characterized by a hierarchical structure, a division of labor, clear rules and procedures, and a focus on achieving specific objectives or goals. Examples of formal organizations include corporations, government agencies, non-profit organizations, and universities.
Specific goals refer to clear, concise, and well-defined objectives that are set by individuals, organizations, or groups in order to achieve a particular outcome. These goals are typically measurable, attainable, relevant, and time-bound, and are intended to provide focus and direction for decision-making, planning, and implementation of strategies. Having specific goals helps individuals and organizations to stay motivated, improve performance, and make progress toward their desired outcomes.
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Why do binding price floors cause a deadweight loss? a) A binding price floor prevents some mutually beneficial exchanges from happening. b) Binding price floors do not cause a deadweight loss. By keeping prices higher than the market equilibrium price, consumer and producer surplus increase. c) A binding price floor increases producer surplus and increases producer surplus by an equal amount, leaving total surplus unchanged. d) A binding price floor increases consumer surplus and decreases producer surplus by an equal amount, leaving total surplus unchanged.
Some of the mutually beneficial transactions are prevented by a binding price floor. A deadweight loss is not brought on by binding price floors. Price maintenance above the price of market equilibrium increases consumer and producer surplus.
What are some instances of benefits?
He expects that a lot more individuals will benefit from the new medicine. Numerous health benefits can be derived from regular exercise. They have a connection that is advantageous to/for them both. While some insects are dangerous, others are helpful. An estimation or projection, stated in monetary or non-monetary terms, of the anticipated benefits or outputs of a planned activity, initiative, or programme.
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After the adjusting entries have been completed, the adjusted balance in the Deferred Revenue __________
After the adjusting entries have been completed, the adjusted balance in the Deferred Revenue account represents: the amount of the sales or services still owed to the customer.
What do you mean by Deferred Revenue account?Deferred revenue is a liability account on a company's balance sheet that represents money received ahead of time for goods or services that have yet to be delivered or performed. It is also known as unearned revenue or deferred income. It occurs when a business receives payment from a customer but has yet to earn revenue by providing goods or services. The company owes the customer a performance obligation, and revenue cannot be recognised as earned until that obligation is met. The amt of deferred revenue is reduced as goods or services are provided, and the revenue is recognised as earned in the financial statements.
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snow rides manufactures snowboards. richard may, the ceo, is trying to decide whether to adopt a lean thinking model. he expects that adopting lean production would save $102,268 in warehousing expenses and $53,341 in spoilage costs. adopting lean production will require several one-time up-front expenditures: $12,695 for an employee training program, $97,637 to streamline the plant's production process, and $8,243 to identify suppliers that will guarantee zero defects and on-time delivery. what will be the net benefit to this company by adopting lean production?
To calculate the net benefit of adopting lean production for Snow Rides, we need to compare the savings from lean production to the costs of implementing it.
The net benefit can be deducted as:
Net Benefit = Savings - Costs
Savings = $102,268 + $53,341 = $155,609
Costs = $12,695 + $97,637 + $8,243 = $118,575
Therefore, the net benefit of adopting lean production is:
Net Benefit = $155,609 - $118,575 = $37,034
So adopting the lean thinking model will result in a net benefit of $37,034 for Snow Rides. Lean thinking is a production philosophy and methodology that aims to minimize waste and maximize value for customers. It originated in the manufacturing industry, but has since been adopted by a variety of industries, including healthcare, construction, and software development. The core principle of lean thinking is to focus on creating value for customers while eliminating waste. This involves identifying and eliminating activities that do not add value to the product or service being provided. Examples of waste include overproduction, waiting, excess inventory, unnecessary transportation, over processing, defects, and unused talent. To achieve this goal, lean thinking emphasizes continuous improvement and involves the entire organization in the process. This can be achieved through the implementation of a set of tools and techniques, such as the 5S method for workplace organization, value stream mapping to identify waste, and Kaizen events to facilitate continuous improvement.
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according to the diffusion of innovation theory, which strategy is recommended when rolling out a new information system to a group of innovators?
According to the diffusion of innovation theory, when rolling out a new information system to a group of innovators, the recommended strategy is to use a highly personalized and interactive approach.
This is because innovators are individuals who are highly interested in and motivated by new ideas and technologies, and they are often more likely to embrace change than others. To effectively reach this group, it is recommended to use early adopters or opinion leaders to help spread the word and build momentum. Innovators are also more likely to respond positively to highly technical and detailed information, so it is important to provide them with clear and specific information about the benefits of the new system and how it works. Overall, the key to successfully rolling out a new information system to innovators is to provide a highly personalized, interactive and technically detailed approach that emphasizes the benefits of the new system. By doing so, innovators are more likely to embrace the new system and help spread its adoption to others.
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What is the equal-payment series for 12 years that is equivalent to a payment series starting with $45,000 at the end of the first year and decreasing by $5,000 each over 10 years? interest is 7% compounded annually
The present value is $31,684.79.To find the equal-payment series for 12 years that is equivalent to the given payment series,
We can use the concept of the present value of an annuity. The present value of an annuity is the sum of the present values of all the individual payments in the series, discounted to the present at a given interest rate.
To solve this problem, we can use the concept of present value of an annuity. The present value of an annuity is the sum of the present values of each individual payment in the series.
First, let's calculate the present value of the payment series starting with $45,000 at the end of the first year and decreasing by $5,000 each over 10 years, using the formula for the present value of an annuity:
PV = PMT x [(1 - (1 + r)^-n) / r]
where:
PMT = the payment amount each year
r = the interest rate per year
n = the number of years
In this case, PMT = $45,000 in the first year, decreasing by $5,000 each year over 10 years, so we can use the formula to calculate the present value of this series:
PV = $45,000 x [(1 - (1 + 0.07)^-10) / 0.07] + $40,000 x [(1 - (1 + 0.07)^-9) / 0.07] + ... + $5,000 x [(1 - (1 + 0.07)^-2) / 0.07]
Simplifying this expression, we get:
PV = $45,000 x 6.7849 + $40,000 x 6.0812 + ... + $5,000 x 1.0671
PV = $264,283.50
This is the present value of the payment series starting with $45,000 at the end of the first year and decreasing by $5,000 each over 10 years.
Now, we can use the formula for the equal-payment series to find the annual payment amount that is equivalent to this series over 12 years:
PMT = PV x [(r x (1 + r)^n) / ((1 + r)^n - 1)]
where:
PV = the present value of the payment series
r = the interest rate per year
n = the number of years
In this case, PV = $264,283.50, r = 0.07 (7% per year), and n = 12. Plugging these values into the formula, we get:
PMT = $264,283.50 x [(0.07 x (1 + 0.07)^12) / ((1 + 0.07)^12 - 1)]
PMT = $31,684.79
Therefore, the equal-payment series for 12 years that is equivalent to the payment series starting with $45,000 at the end of the first year and decreasing by $5,000 each over 10 years is $31,684.79 per year for 12 years.
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each employee of whole foods is a part of a team. which level of maslow's hierarchy of needs does the team environment satisfy? a esteem needs b safety needs c belonging needs d self-actualization needs e physiological needs
requires belonging every employee into Whole Food is a member of a team. Which need does the teamwork meet according to Maslow's hierarchy of requirements.
What exactly is an employee defined as?Someone who is paid to perform duties for just a person or business is called an employee. Workers only need to be paid by an employer in order to be deemed employees; they do not need to work full-time.
What characterizes an employee?An employee is a person who holds a job that is governed by an employment contract, which is a written agreement outlining the terms and circumstances controlling the working between the employer & employee as well as the rights & obligations of each party.
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which of the following is not a goal of lean operation? group of answer choices removal of unnecessary activities removal of in-transit inventory inspect all incoming shipments to ensure zero defects removal of in-plant inventory
Option D is correct. The following is not a goal of the JIT partnership - inspect all incoming shipments to ensure zero defects
`Just-in-time' is an administration reasoning and not a procedure. It initially alluded to the creation of merchandise to satisfy client needs precisely, in time, quality and amount, whether the 'client' is the last buyer of the item or another cycle further along the creation line. Just-in-time, or JIT, is a stock administration strategy wherein merchandise is gotten from providers just as they are required. The primary target of this strategy is to lessen stock holding expenses and increment stock turnover. Just-in-time requires cautiously arranging the whole production network and use of better programming altogether than doing the whole cycle till conveyance, which increments proficiency and disposes of the extension for mistakes as each interaction is checked.
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Complete Question -
Which of the following is NOT a goal of JIT partnerships?
A) removal of unnecessary activities
B) removal of in-plant inventory
C) removal of in-transit inventory
D) inspect all incoming shipments to ensure zero defects
E) All of the above are goals of JIT partnerships.
preliminary plans are under way for the construction of a new stadium for a major league baseball team. city officials have questioned the number and profitability of the luxury corporate boxes planned for the upper deck of the stadium. corporations and selected individuals may buy the boxes for $280,000 each. the fixed construction cost for the upper deck area is estimated to be $4,760,000, with a variable cost of $140,000 for each box constructed. (a) what is the break-even point for the number of luxury boxes in the new stadium? x
To find the break-even point for the number of luxury boxes, we need to determine the number of boxes that need to be sold to cover the total costs.
Let x be the number of luxury boxes sold.
The total cost function can be written as:
Total Cost = Fixed Cost + Variable Cost
Fixed Cost = $4,760,000
Variable Cost = $140,000 per box
Total Cost = $4,760,000 + $140,000x
The total revenue generated from selling x boxes can be expressed as:
Total Revenue = Price per Box × Number of Boxes
Price per Box = $280,000
Total Revenue = $280,000x
The break-even point is when Total Revenue equals Total Cost:
Total Revenue = Total Cost
280,000x = 4,760,000 + 140,000x
140,000x = 4,760,000
x = 34
Therefore, the break-even point for the number of luxury boxes in the new stadium is 34 boxes. The team will need to sell at least 34 boxes to cover their total costs. If they sell more than 34 boxes, they will make a profit, and if they sell fewer than 34 boxes, they will incur a loss.
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for the fiscal year ended september 28, 2019, what amount is debited to income summary to summarize its expenses incurred?
Apple’s statement of cash flows was prepared under indirect method. This was because net income approach was used of $11561.
What is net income?Net income is a financial term that refers to the amount of money earned by an individual, company or organization after all the expenses and taxes have been deducted from their total revenue. It is calculated by subtracting the total expenses from the total revenue earned during a specific period, usually a year. Net income represents the actual profitability of a business, and it is an important metric that helps to measure the success of a company. It is used by investors, creditors, and other stakeholders to assess the financial health of a business and to make decisions about future investments or loans. A higher net income indicates a healthier business and greater profitability, while a negative net income means that the company is losing money.
Based on complete information, amount of cash provided by the operating activities and cash paid for dividends for fiscal years will be:
Cash provided = 63598, 65824, and 81266.
Payments of dividend = 12769, 12150, and 11561.
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Complete Question:
Use Apple’s financial statements in Appendix A to answer the following. Required: 1. Is Apple’s statement of cash flows prepared under the direct method or the indirect method? 2. For each fiscal year 2019, 2018, and 2017, identify the amount of cash provided by operating activities and cash paid for dividends. 3. In 2019, did Apple have sufficient cash flows from operations to pay dividends? 4. Did Apple spend more or less cash to repurchase common stock in 2019 versus 2018?
If the number of sellers in a market increases, then the A. demand in that market will increase B. supply in that market will increase C. supply in that market will decrease D. demand in that market will decrease
Answer:
Explanation:
If the number of sellers in a market increases, then the supply in that market will increase. This is because, with more sellers, there is a larger number of products available for consumers to purchase. As a result, the overall supply of goods in the market increases, leading to greater competition among sellers and potentially lower prices for consumers.
In contrast, if the number of sellers in a market decreases, the supply in that market will decrease. This can lead to higher prices for consumers due to reduced competition and a smaller number of goods available for purchase.
It is important to note that the relationship between the number of sellers in a market and the supply of goods is not always straightforward and can be influenced by other factors, such as changes in the cost of production, consumer preferences, and technology.
