Option A. A change in demand is a shift of the entire demand curve to the left or right.
It occurs when the quantity demanded changes at every price level due to a factor other than price, such as a change in consumer preferences, income, or the availability of substitute goods or services.
In contrast, a change in quantity demanded (B) refers to a movement along the demand curve in response to a change in price, holding all other factors constant. Complements (C) are goods or services that are consumed together, so a change in the price of one good affects the demand for the other. The income effect (D) is the change in quantity demanded of a good or service resulting from a change in the consumer's purchasing power due to a change in income. Substitutes (E) are goods or services that can be used in place of one another, so a change in the price of one good affects the demand for the other.
Therefore, the correct answer is A. Change in demand.
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Different amounts demanded at every price, causing the demand curve to shift to the left or the right.
A. Change in demand
B. Change in quantity demanded
C. Complemented
D. Income effect
E. Substitutes
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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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
project managers often focus their valuable resources on ensuring the timely completion of activities on the critical path in a project. which of the following statements concerning such activities is true? group of answer choices the earliest start (es) and latest start (ls) time for critical activities are always equal to each other. the duration of the shortest path through a project's network diagram determines the length of the project and is called the critical path. activities on the critical path may have positive or negative slack as long as the overall slack time of the critical path is zero. to successfully complete a project in the least amount of time, a project manager only needs to complete the activities on the critical path.
The project manager has a schedule of tasks with projected completion times. They should therefore be able to report on whether the project is on schedule or not at the end of each day, week, or month.
It can be difficult to prioritise chores. Even though some tasks may appear to need more focus than others, this isn't necessarily the case. Dependencies, or tasks with outputs needed to start other processes, are a crucial factor to take into account. The estimation of a project's length and job prioritisation may become more difficult when dependencies are taken into account. The critical path method is a practical approach of handling issue. Finding the series of actions and dependencies that take the longest time to accomplish in a project is a procedure known as the critical path method. The items inside this to-do list are referred to as critical activities, and the combination of tasks is known as the critical path. Your required minimum completion time will depend on the critical path's overall duration.
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the weather channel could use the outcomes of the performance appraisal process to determine the pay raises for employees. awarding pay raises based on job performance is called
the weather channel could use the outcomes of the performance appraisal process to determine the pay raises for employees. awarding pay raises based on job performance is called merit-based pay.
The practise of tying employee salary to their success at work is known as performance-based pay increases. Through a performance assessment process, employees' job performance is assessed in this method, and the results are used to determine how much they should be paid. This method might be used by the Weather Channel to decide on staff pay rises. Employee performance is assessed against predetermined performance criteria, such as job requirements, job duties, and work expectations, as part of the performance evaluation process. Each employee's performance is evaluated, and the evaluation findings are utilised to decide the pay raise that each employee merits. The degree of performance, years on the work, and length of service of the employee are taken into account when establishing the pay boost.
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what is productivity? explain in detail, various factors determining productivity? in indian economy
Productivity is a measure of the efficiency with which inputs (such as labor, capital, and technology) are used to produce output (such as goods and services).
It is the ratio of the total output produced to the total inputs used. Productivity is an important factor in economic growth and development, as it determines how much output can be produced with a given set of inputs, and hence how efficiently an economy is using its resources.
There are various factors that can affect productivity, including:
Education and training: The level of education and training of the workforce can affect productivity. In India, the level of education and skills of the labor force are relatively low, which can hinder productivity.
Technology and innovation: The use of new technology and innovation can increase productivity by making production processes more efficient. In India, there has been significant growth in the IT sector, but other sectors are lagging behind in terms of technology adoption.
Infrastructure: The quality of infrastructure, such as roads, transportation, and power supply, can affect productivity. In India, infrastructure is still developing, which can be a hindrance to productivity.
Labor laws: Labor laws and regulations can affect productivity by creating barriers to entry and exit in the labor market. In India, labor laws are quite restrictive, which can create inefficiencies in the labor market.
Management practices: The quality of management practices can affect productivity, as good management can improve efficiency and organization. In India, there is a need for better management practices in many sectors.
Macro-economic policies: The overall macro-economic policies, such as monetary and fiscal policy, can affect productivity by affecting the overall economic environment. In India, there is a need for better macro-economic policies to create a more conducive environment for productivity growth.
In conclusion, productivity is an important factor in economic growth and development, and there are various factors that can affect productivity in India. Addressing these factors can help to improve productivity, which is essential for the long-term growth and development of the Indian economy.
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lawrence corporation is considering the purchase of a new piece of equipment. when discounted at the cost of capital of 16%, the project has a net present value of $24,590. when discounted at rate of 19%, the project has a net present value of $(28,940). the internal rate of return of the project is:
The internal rate of return of the project is approximately 17.5%. This is the discount rate at which the project's NPV is zero, meaning that the project is expected to earn a return of 17.5% on the initial investment.
To calculate the internal rate of return (IRR) of the project, we need to find the discount rate at which the project's net present value (NPV) equals zero. We can use trial and error.
Using trial and error, we can start by assuming a rate between 16% and 19%, and then calculate the net present value of the project at that rate. If the NPV is positive, we need to try a higher rate; if the net present value is negative, we need to try a lower rate. By repeating this process, we can narrow down the range of possible IRRs until we find the rate that makes the net present value zero.
Alternatively, we can use the IRR function in Excel. We can input the cash flows of the project as a series of values, including the initial investment and the expected future cash flows, and then use the IRR function to find the rate that makes the NPV of the cash flows zero.
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the progressive-era economic system based on mass production and mass consumption came to be called question 9 options: the workingman's conception of industrial liberty. fordism. the affluent society. the american way.
The correct answer is fordism. An economic system, sometimes known as an economic order, is a system of resource allocation, production, and distribution of goods and services within a society or a particular region
. It comprises the blending of the various organisations, bodies, institutions, processes for making decisions, and consumption patterns that make up the economic framework of a particular community.Economic systems are a part of social systems. This concept is related to the production process. [2] All economic systems must handle the four main economic problems.What goods will be produced, and in what numbers: This crucial economic issue is built on the basis of the pricing theory. The theory of pricing is related to the economic decision to produce capital goods or consumer products in this way.
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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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you are ordering frozen 4 oz hamburger patties that are packed 48 ea/case. the usage rate is 5 cases per day with an order period of one week (7 days). lead time is based on 1 day (i.e., if ordered by 2 pm, delivery is the next day). safety level is 5 cases. using the min-max inventory method, how many cases should be ordered if there are 14 cases in inventory? round up to whole cases
We should order 21 cases of frozen hamburger patties to bring the inventory up to the maximum level.
Using the min-max inventory method, we need to determine the minimum and maximum levels of inventory, and then order enough to bring the inventory level up to the maximum.
Given:
Frozen hamburger patties are packed 48 ea/case.
Usage rate is 5 cases per day.
Order period is 7 days.
Lead time is 1 day.
Safety level is 5 cases.
There are currently 14 cases in inventory.
First, we need to calculate the minimum level of inventory:
Minimum level = usage rate × order period + safety level
Minimum level = 5 cases/day × 7 days + 5 cases
Minimum level = 40 cases
Next, we need to calculate the maximum level of inventory:
Maximum level = minimum level + order quantity - 1 day of usage
Maximum level = 40 cases + order quantity - 5 cases
Maximum level = 35 cases + order quantity
Since we currently have 14 cases in inventory, we need to order enough to bring the inventory up to the maximum level:
Order quantity = maximum level - inventory level
Order quantity = (35 cases + order quantity) - 14 cases
Order quantity = 21 cases
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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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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.
allen has purchased a whole life policy with a death benefit of $180,000. assuming that he dies in 10 years and the average inflation has been 4 percent, what is the value of the purchasing power of the proceeds? use exhibit 1-a. (round time value factor to 3 decimal places and final answer to 2 decimal places.)
The death benefit must be adjusted for inflation in order to determine the value of the purchasing power of the proceeds. The death benefit's value as a sum of money, or its "purchasing power," is therefore $108,607.76.
We must adjust the death benefit for inflation in order to determine the worth of the purchasing power of the money. The time value of money formula can be used to determine the death benefit's worth, adjusted for inflation: Death Benefit / (1 + Inflation Rate) equals Modified Death Benefit. ^ Span of time. In this case, there is a $180,000 death benefit, 4% inflation, and a 10-year time frame. We can calculate the time value factor and discount rate for 10 years using Exhibit 1-a. 0.675 is the time value factor. $180,000 / (1 + 0.04) equals the adjusted death benefit. Adjusted Death Benefit = $108,607.76 in 10ths.
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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?
The market supply for natural gas is the sum of all prices that natural gas producers are willing and able to sell at for every quantity." What is the flaw in this statement? It should state that market supply is the sum of the quantities of natural gas that producers are willing and able to sell at every price. It should state that market supply is the price of natural gas that one firm is willing and able to provide a specified quantity of its product at. It should state that market supply is the quantity of natural gas that producers are willing and able to sell at one specific price. There is no flaw in this statement.
The market supply of natural gas is the sum of all prices that natural gas producers are willing and able to sell at for each quantity.
What is the correct market supply?
The market supply is the total amount of an item that producers are willing and able to sell at various prices over a given time period, such as one month.
The supply curve depicts the relationship between the cost of a good or service and the quantity supplied over a given time period. A typical illustration will show the price on the left vertical axis and the quantity supplied on the horizontal axis.
Therefore, A market supply curve in an industry is the horizontal sum of all supply curves for each individual firm.
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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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The moral principles and standards that guide behavior in the world of business are known as:
The moral principles and standards that guide behaviour in the world of business are known as Business Ethics.
Business ethics likewise alluded to as corporate morals, is a subset of applied morals or expert morals that looks at moral and moral standards as well as expected moral situations in the business world. It is appropriate to both the way of behaving of explicit people and whole associations, and it covers all features of business lead.
These ethical standards come from individuals, official proclamations made by associations, or the overall set of laws. The core values of a business are these traditions, values, moral norms, and untrustworthy ways of behaving.
The field is both a corporate system and a speciality for professions.
Present-day hierarchical principles, values, and standards that guide an individual's activities and conduct inside a business association are alluded to as business morals.
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which of the following is true concerning incentive pay? question 10 options: the award is earned only when the predetermined work objective is totally completed. incentive levels are generally subjective in nature. incentive pay awards are granted as one-time payments. it motivates employees to be more productive, but does little to control payroll costs.
The option is d, it motivates employees to be more productive, but does little to control payroll costs. Incentive compensation is a form of compensation used in the workplace to reward employees for meeting predetermined goals or objectives.
It is a type of performance-based compensation designed to motivate employees to work harder and be more productive. In general, incentive pay is provided in the form of lump sum payments. It is usually only obtained when a predetermined work goal or objective is completely completed. However, it does not necessarily help control labor costs, as the amount of the incentive payment can vary widely depending on the employee's performance level.
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When we have many independent variables which we use to predict the dependent variable, we call this process as?
The process of using multiple independent variables to predict a dependent variable is known as multiple regression analysis.
This statistical technique is used to examine the relationship between the dependent variable and several independent variables, which are also known as predictors. The goal of multiple regression analysis is to develop a mathematical equation that can be used to predict the dependent variable based on the values of the independent variables. Multiple regression analysis is widely used in many fields, including economics, finance, psychology, and marketing, as it provides a powerful tool for understanding the relationship between variables and making predictions about the dependent variable. The analysis helps to identify the most significant predictors, their relationship with the dependent variable, and how changes in these predictors impact the dependent variable.
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what career cluster teaches you to manage natural resources?
The career cluster that teaches you to manage natural resources is the Agriculture, Food and Natural Resources Career Cluster.
This career cluster includes a wide range of careers that focus on managing and conserving the natural resources of the environment, such as soil, water, and wildlife. Jobs within this cluster may include positions in agriculture and horticulture, environmental management and conservation, forestry, and park and recreation management. These careers may involve tasks such as planning and implementing land use policies, developing sustainable costing system agricultural practices, monitoring and protecting wildlife populations, and managing parks and recreational areas. Those who work in the Agriculture, Food and Natural Resources Career Cluster are responsible for ensuring that the environment is healthy and sustainable for future generations, and that the natural resources of the earth are used in a responsible and efficient manner.
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what is the primary benefit that firms acquire if and when they decide to perform supply chain functions themselves?
The primary benefit that firms acquire if and when they decide to perform supply chain functions themselves is the ability to have more control over their supply chain.
By performing these functions themselves, firms are able to ensure that they have greater control over the quality of their products, the timeliness of their deliveries, and the overall efficiency of their supply chain. This can lead to improved customer satisfaction, increased profits, and a stronger competitive advantage in the marketplace.
Additionally, performing supply chain functions in-house can also lead to cost savings, as firms are able to avoid paying fees to third-party providers. Overall, the decision to perform supply chain functions in-house can provide firms with greater control, increased efficiency, and cost savings, all of which are important benefits in today's competitive business environment.
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1. The internet marketing paradigm includes both marketing inputs and marketing actions. Discuss the major components of both the inputs and the actions and why it is necessary for them to work together
Both marketing inputs and marketing actions are included in the internet marketing paradigm. The crucial new guidelines are identity, interoperability, insights, and incrementality.
The word "internet marketing" refers to all online advertising of goods and services. This can include social media posts, online ads, email marketing, website content, sponsorships, and more.
The business strategy, product categories, target market, and budget will all influence the forms of internet marketing a company uses. Digital marketing is a method that uses social media marketing, email marketing, online marketing, affiliate marketing, etc. to advertise material, videos, products, services, etc.
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what is calleda cost remains unchanged when the volume of activity changes within the relevant range.
Within the appropriate range, the total fixed costs stay constant. However, as output rises, the fixed cost per unit falls since the same fixed costs are shared over more units. The following two graphs show how fixed costs and output volume are related.
What is total fixed costs?Total fixed cost (TFC) is the cost that does not fluctuate while the output level changes. The cost that varies as the output level changes is known as the total variable cost (TVC). The total cost (TC) is the sum of the total fixed and variable costs. Add up your variable costs and divide by the quantity of units you generated to get your total cost of production. You will then be given your overall fixed cost. Salaries, energy costs, insurance, rent and lease charges, and loan repayments are a few examples of fixed costs.
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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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assume jphone, inc., has an equity multiplier of 1.35, total asset turnover of 1.64, and a profit margin of 7 percent. required: what is its roe? (do not include the percent sign (%). round your answer to 2 decimal places (e.g., 32.16).)
ROE ≈ (Profit margin)*(Asset turnover)*(Equity ratio) = 7% x 1.64 x 1.35 = 15.498%
What does the 30% profit margin mean?For instance, a profit margin of 30% means that for every $100 in revenue, $30 is made in net income. In general, the bigger the profit margin, better better, and the sole ways to increase it are by lowering costs and/or raising sales.
What constitutes a favorable profit margin?Industry-specific net profit margins range from 20% to 5%, with 20% being good, 10% being normal or standard, & 5% being low or poor, according to Corporate Institute. Businesses can pay their expenses and make a profit when their profit margins are high.
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which statements are true about disruptive technologies? (select all that apply.) responses disruptive technologies only have to be good enough for customer needs, not superior to the breadth of features in incumbent tech disruptive technologies only have to be good enough for customer needs, not superior to the breadth of features in incumbent tech disruptive technology can rarely be discovered by listening to customers, since potentially disruptive tech arrives in the market with underperforming performance attributes. disruptive technology can rarely be discovered by listening to customers, since potentially disruptive tech arrives in the market with underperforming performance attributes. disruptive technologies often have lower margins and are offered at a lower cost than incumbent tech. disruptive technologies often have lower margins and are offered at a lower cost than incumbent tech. disruptive technologies have to do more than incumbent tech in order to invade established markets.
Disruptive technologies are substitute products that perform as well as or better than anything currently produced.
What are Disruptive technologies?Innovations known as disruptive technologies fundamentally change how markets, industries, or businesses function. Because it has characteristics that are unmistakably superior to the systems or practices it replaces, disruptive technologies sweep aside their predecessors.
Examples of recent disruptive technologies include GPS devices, ride-sharing apps, online news sources, and e-commerce.
The vehicle, electricity, and television were revolutionary inventions in their own eras. At least to early adopters, it typically offers better qualities that are readily apparent.
Disruptive technologies are typically produced by startups rather than well-established businesses.
This gives disruptive enterprises a chance to target underserved customer categories and establish a presence in the market. Established businesses frequently lack the adaptability necessary to quickly respond to new threats.
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in 1971, u.s. president richard nixon imposed a wage and price freeze, which kept prices on many goods below the equilibrium price. this action would be expected to result in .
In response to rising inflation, US President Richard Nixon implemented a number of economic measures known as the "Nixon shock," the most significant of which were wage and price freezes, surcharges on imports, and the unilateral cancellation of the United States dollar's direct international convertibility.
July 1971. President Richard Nixon's administration devised a plan that abolished dollar convertibility to gold and instituted wage and price controls in response to rising inflation and the threat of a gold rush, which quickly collapsed the Bretton Woods System. President Richard M. Nixon unveiled his New Economic Policy, a plan "to establish a new prosperity without conflict," on August 15, 1971. The initiative, often referred to as the "Nixon shock," signalled the beginning of the end for the Bretton Woods system of fixed exchange rates put in place following World War II.
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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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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:
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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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what remedies are available to a buyer when a seller refuses to deliver the goods that are the subject of a contract? choose 3 answers
The buyer has three main remedies when the seller refuses to deliver the goods that are the subject of the contract. The first is to sue the seller for breach of contract. This would mean that the buyer would seek an injunction requiring the seller to fulfill its obligations under the contract.
The second remedy is the demand for specific performance, which is a court order by which the seller is obliged to fulfill his obligations under the contract. Finally, the buyer can claim quantum meruit, which is a legal remedy that compensates the buyer for the value of the goods or services provided by the seller.
In this case, the buyer would request a refund for the goods they expected but did not receive. In all these cases, the buyer must prove that there was a valid contract between him and the seller and that the seller did not fulfill his obligations under the contract.
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A company that is highly leveraged is considered to have:_______
A company that is highly leveraged is considered to have a high level of debt in relation to its equity or assets.
Leverage refers to the use of borrowed funds (i.e., debt) to finance an investment or business activity. When a company uses a high amount of debt relative to its equity or assets, it is said to be highly leveraged.
The use of leverage can amplify returns for investors, but it also increases risk, as the company must pay back its debt regardless of its operating performance. When a company is highly leveraged, it may struggle to generate enough cash flow to service its debt obligations, which can lead to financial distress or even bankruptcy.
In addition, a highly leveraged company may find it more difficult and expensive to raise additional funds through borrowing, which can limit its growth opportunities. As a result, companies that are highly leveraged are generally viewed as riskier investments, particularly during periods of economic uncertainty or market volatility.
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