COVID-19 is an infectious respiratory disease that caused by a virus. Its impact on manufacturing is vast.
COVID-19 pandemic has caused disruption to all sectors of society, including the manufacturing industry. Its effect has been felt globally, disrupting supply chains and the manufacturing process. Here are some of the common grounds related to COVID-19 and its impact on manufacturing;
1. Impact on the Supply Chain: The impact of COVID-19 on the supply chain is major and far-reaching. Manufacturing companies have been forced to close down due to a lack of raw materials. The pandemic has disrupted global trade, causing shortages of supplies, delays in shipping, and increased costs. Companies that are highly reliant on global suppliers have been the most affected.
2. Reduced Demand: The pandemic has resulted in reduced demand, causing many manufacturers to suffer from low production. This is because of reduced demand for their products and services due to the shutdown of businesses, reduced spending, and travel restrictions.
3. Safety Measures: The COVID-19 pandemic has forced manufacturing companies to implement safety measures for their employees. They have been required to take steps such as regular sanitization, personal protective equipment, and social distancing measures to ensure that their workers remain safe while working.
4. Digital Transformation: The COVID-19 pandemic has led to an increased need for digital transformation in the manufacturing industry. As companies struggled to adapt to remote working, automation became essential. Manufacturers started to invest in digital solutions such as robotics and artificial intelligence to streamline their processes and reduce the risk of virus transmission.
5. Workforce Reductions: The COVID-19 pandemic has caused many companies to reduce their workforce, resulting in job losses. As companies struggled to cope with the economic impact of the pandemic, they were forced to make tough decisions. Many manufacturers had to lay off workers to stay afloat.
The above are some of the common grounds related to COVID-19 and its impact on manufacturing.
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which of the following is not a primary activity in porter’s value chain analysis? select one: a. human resource management b. sales c. production d. service
According to Porter's Value Chain Analysis model, which of the following is not a primary activity?Human resource management is not a primary activity in Porter’s value chain analysis.
Human resource management is a support activity in Porter’s Value Chain Analysis. The following are the primary activities in Porter’s Value Chain Analysis: Inbound logistics: It refers to the movement of goods from the suppliers and includes activities such as receiving, storing, and transportation of goods. Operations: It refers to the activities that change inputs into finished goods or services. Outbound logistics:
It refers to the movement of finished goods from the organization to the customers. Marketing and sales: It involves activities such as advertising, promoting, and selling the products or services. Service: It involves activities such as providing customer support, repair, and maintenance services.
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Current Attempt in Progress Garver Industries has budgeted the following unit sales: 2022 Units January 10,000 February 8,000 March April May 9,000 11,000 15,000 The finished goods units on hand on December 31, 2021, was 2.000 units. Each unit requires 3 pounds of raw materials that are estimated to cost an average of $4 per pound. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 20% of next month's anticipated sales. They also have a policy of maintaining a raw materials inventory at the end of each month equal to 30% of the pounds needed for the following month's production. There were 8,640 pounds of raw materials on hand at December 31, 2021. For the first quarter of 2022, prepare a production budget. GARVER INDUSTRIES Production Budget For the first quarter of 2022, prepare a production budget. January GARVER INDUSTRIES Production Budget For the Quarter Ended March 31, 2022 February March Total Viewing Que Question 2 Muple Choice Question 3 Multiple Choice Question 4 Multiple Cheste Question 5 Mutiple Choice Question 6 Mutiple Choices Question 7 Multiple Choice Question & Mutiple Choice Question 9 Multiple Chace 3 > > January GARVER INDUSTRIES Direct Materials Budget February Mar Quest Quest Mutule Questi Multiple Questi Multiple a Questi Mullaieட் Questic Mujer C stia Miple Ch Questio Matiple Che Question Mute Che
The total required direct materials cost for the first quarter of 2022 is $372,000.The required units of raw material for each month are determined by multiplying the units of production in the month by the amount of raw material required per unit.
Here is a table of the calculations for raw material production budget for the first quarter of 2022:GARVER INDUSTRIES Raw Materials Production Budget For the Quarter Ended March 31, 2022Jan uary February March Total Unit sales 10,0008,0009,00011,00038,000.
Desired EI Units 1,8001,8001,8001,800 BS Units 2,0001,8001,8001,8007,200 Production Needs 8,8006,0007,2009,00031,000 Pounds Per Unit 3. 003.003.003. 003.00
Total Pounds Required 26,40018,00021,60027,00093,000 Required DM cost per pound for $4 Total Direct Materials Cost$105,600$72,000$86,400$108,000$372,000.
Thus, the company must budget for the purchase of $105,600 of raw materials in January, $72,000 of raw materials in February, and $86,400 of raw materials in March. The total required direct materials cost for the first quarter of 2022 is $372,000.
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In 1866, the telegraph opened the first transatlantic communications channel to facilitate real-time communication over long distances. True or False
The statement "In 1866, the telegraph opened the first transatlantic communications channel to facilitate real-time communication over long distances," is true. because This event took place on July 27th of that year. It was an enormous technological achievement that revolutionized the communication industry.
The history of the telegraph was an invention that emerged during the 19th century. It was an important technological breakthrough that facilitated the sending of information over long distances at an unprecedented rate. The telegraph was first used in the United States of America by Samuel Morse in the year 1837. Morse used Morse code, a system of dots and dashes, to convey messages from one point to another.
During the 1860s, the telegraph became an increasingly popular means of communication. It was used to send information across long distances quickly and efficiently. In 1866, the first transatlantic communications channel was established, which connected North America and Europe.
This was a significant achievement that revolutionized communication on an international scale. It enabled people to send messages between continents in a matter of seconds. The impact of the telegraph on society The telegraph was an important invention that had a profound impact on society. It allowed people to send messages across long distances quickly and efficiently.
This facilitated commerce, international diplomacy, and news dissemination. The telegraph was an essential tool for journalists, who were able to send news stories to their editors in a matter of minutes. This allowed newspapers to report on important events in real-time, which was revolutionary at the time.
In conclusion, This event was a significant technological achievement that revolutionized the communication industry. The telegraph had a profound impact on society, enabling people to send messages across long distances quickly and efficiently.
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gamma co., a manufacturer of medical products, had a 10% return on assets and an asset turnover of 4:1. what was gamma's profit margin on sales?
The profit margin on sales is 40%.
We are given that:
Return on assets = 10%
Asset turnover = 4:1
We know that:
Return on assets (ROA) = Net income / Average total assets
Asset turnover = Net sales / Average total assets
Now, Profit margin on sales = Net income / Net sales
Multiplying these equations,
Return on assets × Asset turnover = (Net income / Average total assets) × (Net sales / Average total assets)or
ROA × Asset turnover = Net income / Average total assets²
Now, Net income / Net sales = Profit margin on sales
Therefore, Profit margin on sales = (ROA × Asset turnover) / Average total assets
We can plug in the given values in this formula:
Profit margin on sales = (10/100) × (4/1)
Profit margin on sales = 40/100
Profit margin on sales = 0.40 or 40%
Therefore, the profit margin on sales is 40%.
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according to the circular flow, the dollar value of a nation's output is equal to
According to the circular flow, the dollar value of a nation's output is equal to total income. Option C is the correct answer.
The circular flow model explains how money circulates throughout society. Money is exchanged between producers and employees as salaries and between workers and producers as product payments. An economy is, in essence, a never-ending circle of money.
In a market economy, money flows from manufacturers to laborers as wages and is returned back to producers when employees spend their earnings on goods and services. The models may be made more complicated to incorporate both leaks from the money supply and additions to it, such as exports and imports. There is no set conclusion or result in a circular flow model. Instead, it discusses how an economy is now functioning in terms of how its inflows and outflows are utilized.
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The complete question is, "According to the circular flow, the dollar value of a nation's output is equal to
A. wages.
B. net income minus taxes.
C. total income.
D. profits."
The following transactions were selected from the records of Evergreen Company July 12 Sold merchandise to Wally Butler, who paid the 51,000 purchase with cash.The goods coat Evergreen Company $600. July 15 Sold merchandine to Ciaudio a Chair Company at a seiling price of 55,000 on terma 3/i0, n/30.The gooda cost EvergreenCompany $3,500. July 16 Soid merchandise to Otto m ottomanm at a selling price of $3,000 on termm 3/10, n/30. The goods cost Evergreen Company$1.900. July 23 Receivod canh from Claudio Chair Company for the amount due from July 15. July 31 Received cash from Otto'n Ottomans for the amount due from July 16. Required: Compute the amount of Net Sales to be reported for the month ended July 31
To compute the amount of net sales for the month ended July 31, we need to calculate the total sales and deduct any sales returns or allowances.
Total Sales:
Sold merchandise to Wally Butler for $51,000 in cash.
Sold merchandise to Claudio Chair Company for $55,000 on terms 3/10, n/30.
Sold merchandise to Otto m ottomanm for $3,000 on terms 3/10, n/30.
Total Sales = $51,000 + $55,000 + $3,000 = $109,000
Sales Returns or Allowances:
There is no information provided about any returns or allowances in the given transactions.
Therefore, the amount of net sales for the month ended July 31 is $109,000.
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Benitez Security Systems has an annual demand for a camera security system of 1500 units. The cost of the camera system is $400. Carrying cost rate is estimated at 30%, and the ordering cost is $30 per order. If the owner orders 100 she can get a 2% discount on the cost of the cameras. The company operates 300 days per year, therefore the daily demand is 5 units per day and the lead time to receive an order from the supplier is 5 days. What should be their ordering amount based on EOQ? What are the total costs based on EOQ?
Based on the EOQ model, the ordering amount should be 548 units, and the total costs would be approximately $24,802.12.
To calculate the Economic Order Quantity (EOQ), we can use the following formula:
EOQ = sqrt((2 * Annual Demand * Ordering Cost) / Carrying Cost)
Given:
Annual Demand = 1500 units
Ordering Cost = $30 per order
Carrying Cost Rate = 30% (0.3)
First, let's calculate the EOQ:
EOQ = sqrt((2 * 1500 * 30) / 0.3)
= sqrt(90000 / 0.3)
= sqrt(300000)
≈ 547.72
The ordering amount based on EOQ should be approximately 548 units.
Next, let's calculate the total costs based on EOQ:
Ordering Cost = (Annual Demand / EOQ) * Ordering Cost
= (1500 / 548) * 30
≈ $82.12
Carrying Cost = (EOQ / 2) * Carrying Cost Rate * Cost per Unit
= (548 / 2) * 0.3 * $400
= 274 * 0.3 * $400
= $24,720
Total Costs = Ordering Cost + Carrying Cost
= $82.12 + $24,720
≈ $24,802.12
Therefore, based on the EOQ model, the ordering amount should be 548 units, and the total costs would be approximately $24,802.12.
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medicare entered the managed care arena as a direct purchaser through the:
Medicare entered the managed care arena as a direct purchaser through the Medicare Advantage program. The Medicare Advantage program is a managed care program provided by private insurance companies to Medicare beneficiaries.
These plans are required to cover all the services that original Medicare does, and some plans offer additional benefits like vision, dental, and hearing services. Medicare Advantage plans generally require beneficiaries to choose a primary care physician and use a network of providers.
They may also have lower out-of-pocket costs than traditional Medicare.The goal of Medicare Advantage is to offer beneficiaries a more integrated and cost-effective approach to their healthcare needs. Medicare Advantage plans are paid a fixed amount by the federal government to cover the healthcare needs of their enrollees.
This model incentivizes the plans to focus on preventive care and to manage the healthcare needs of their enrollees more efficiently.
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On January 1, 2020, Novak Company purchased at par 5% bonds having a maturity value of $240,000. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year. The bonds are classified in the held-to-maturity category.
(a) Prepare the journal entry at the date of the bond purchase.
(b) Prepare the journal entry to record the interest revenue on December 31, 2020.
(c) Prepare the journal entry to record the interest received on January 1, 2021.
(a) Journal entry at the date of the bond purchase:
Debit: Bonds Payable - Held-to-Maturity $240,000
Credit: Cash $240,000
(b) Journal entry to record the interest revenue on December 31, 2020:
Debit: Interest Receivable $12,000
Credit: Interest Revenue $12,000
(c) Journal entry to record the interest received on January 1, 2021:
Debit: Cash $12,000
Credit: Interest Receivable $12,000
(a) When Novak Company purchases the bonds, they would debit Bonds Payable - Held-to-Maturity for the face value of the bonds ($240,000) and credit Cash for the same amount, representing the cash outflow for the bond purchase.
(b) On December 31, 2020, Novak Company accrues the interest revenue earned on the bonds. They would debit Interest Receivable for the interest amount ($12,000) and credit Interest Revenue, recognizing the revenue.
(c) On January 1, 2021, Novak Company receives the interest payment. They would debit Cash for the interest amount ($12,000) and credit Interest Receivable, reducing the amount owed from the bond issuer.
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Assume the following information for a merchandising company: Sales Variable selling expenses Cost of goods sold Fixed administrative expenses Fixed selling expenses Variable administrative expenses $500,000 $ 25,000 $350,000 $ 50,000 $ 40,000 $ 5,000 What is the company's contribution margin?
The company's contribution margin which is the difference between the sales and variable expenses is $125000
Contribution MarginThe contribution margin is calculated as the difference between the sales and the variable expenses (variable selling expenses and cost of goods sold):
Mathemematically;
Contribution Margin = Sales - Variable Expenses
Variable Expenses can be calculated thus:
Variable Expenses = Variable Selling Expenses + Cost of Goods Sold
Variable Expenses = $25,000 + $350,000 = $375,000
Contribution Margin = $500,000 - $375,000 = $125,000
Therefore, the company's contribution margin is $125,000,
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the current condition of the market of milk is shown in the figure above, if farmers are to enjoy a lower feed price, and as a result, 9 units of additional milk are available for sale regardless of the price level. by how much will equilibrium price change as a result?
The current condition of the milk market is shown in the above figure. If the farmers are to enjoy a lower feed price, and as a result, 9 units of additional milk are available for sale regardless of the price level, then the equilibrium price will change by $0.50.
A market equilibrium refers to a state of market where the quantity supplied equals the quantity demanded. The quantity supplied and demanded depends upon the price level of the product. In the figure given above, equilibrium price is $2.50 and the equilibrium quantity is 12 units.
If the farmers are to enjoy a lower feed price, and as a result, 9 units of additional milk are available for sale regardless of the price level, then it means that there is an increase in supply of 9 units of milk. This would shift the supply curve to the right from S to S'. The new equilibrium can be obtained by finding out the intersection of the new supply curve S' and the demand curve D.
The new equilibrium is at point E'. At this new equilibrium point, the equilibrium price has decreased from $2.50 to $2.00.As the original equilibrium price is $2.50 and the new equilibrium price is $2.00, the change in equilibrium price can be calculated as:Change in equilibrium price = New equilibrium price - Original equilibrium price= $2.00 - $2.50= -$0.50Thus, the equilibrium price will decrease by $0.50 as a result of an increase in supply of 9 units of milk.
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The Oxnard City Bank has $9 million in loans, $9 million in deposits, $2 million in bonds, and $5 million in reserves. What is the Oxnard City Bank's net worth in millions of dollars?
The Oxnard City Bank has $9 million in loans, $9 million in deposits, $2 million in bonds, and $5 million in reserves. The net worth of Oxnard City Bank is $16 million.
The net worth of Oxnard City Bank, we need to subtract its liabilities from its assets.
Assets:
Loans: $9 million
Deposits: $9 million
Bonds: $2 million
Reserves: $5 million
Liabilities:
Deposits: $9 million
Net Worth = Assets - Liabilities
Assets = $9 million (Loans) + $9 million (Deposits) + $2 million (Bonds) + $5 million (Reserves) = $25 million
Liabilities = $9 million (Deposits)
Net Worth = $25 million - $9 million = $16 million
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answer pls
Consider the following account balances of Mark, Inc., as of December 31, Year 3: Accounts Payable $298,500 Retained Earnings Equipment Common Stock Income Tax Payable 1,054,000 Notes Payable, due Yea
Assets: Cash $242,750, Accounts Receivable $506,250, Equipment $1,054,000. Liabilities: Accounts Payable $298,500, Notes Payable $858,000, Income Tax Payable $9,750. Equity: Common Stock $500,000, Retained Earnings $136,750.
Evan McGruder, integrated as accounting reporton December 31, Year 3.
Resources:
Cash: $242,750
Debt claims: $506,250
Gear: $1,054,000
Complete Resources: $1,803,000
Liabilities:
Creditor liabilities: $298,500
Notes Payable, due Year 5: $858,000
Annual Assessment Payable: $9,750
Complete Liabilities: $1,166,250
Investors' Value:
Normal Stock: $500,000
Held Income: $136,750
Complete Investors' Value: $636,750
Complete Liabilities and Investors' Value: $1,803,000
The ordered accounting report for Evan McGruder, Consolidated as of December 31, Year 3, presents the organization's resources, liabilities, and investors' value. The resources area incorporates cash, debt claims, and hardware, adding up to $1,803,000.
The liabilities area incorporates creditor liabilities, notes payable due in Year 5, and annual duty payable, adding up to $1,166,250. The investors' value area includes normal stock and held profit, adding up to $636,750.
The monetary record gives a preview of the organization's monetary position, showing the assets it claims (resources), the commitments it owes (liabilities), and the excess worth to the investors (investors' value).
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The complete question is:
Consider the following account balances of Evan McGruder, Incorporated, as of December 31, Year 3: Accounts Payable $ 298,500 Retained Earnings $ 136,750 Equipment 1,054,000 Notes Payable, due Year 5 858,000 Common Stock 500,000 Accounts Receivable 506,250 Income Tax Payable 9,750 Cash 242,750 Required: Prepare a classified balance sheet at December 31, Year 3. EVAN MCGRUDER, INCORPORATED Balance Sheet.
nts ations Jenna is a Nurse Practitioner. During the course of her professional relationship with her patient Joe, she receives a request by an attorney for a copy of Joe's medical record. The request
In Jenna's case, she must obtain Joe's written consent to release his medical records to the attorney, or the attorney must present a court order before she can release them.
Jenna, a nurse practitioner, has been asked by an attorney to provide a copy of Joe's medical records. HIPAA rules should be followed by Jenna. When a healthcare provider receives a request for a patient's medical records, they must follow the rules set out in the Health Insurance Portability and Accountability Act (HIPAA) of 1996. Nurse Practitioner Jenna should follow the HIPAA rules as well. HIPAA defines the privacy of a patient's medical information and determines who may have access to it. Health information can be used for the purposes of treatment, payment, and operations, according to HIPAA. Personal health information (PHI) can only be accessed by authorized individuals with the patient's permission. The request for the medical records must be documented to prove that PHI was obtained legally and that proper security measures were followed. The release of PHI, such as medical records, is also subject to HIPAA. Personal health information can only be given out with the patient's written consent or in the event of a court order. So, in Jenna's case, she must obtain Joe's written consent to release his medical records to the attorney, or the attorney must present a court order before she can release them.
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The senate is debating whether to continue funding a community college program that prepares students for exciting and well-paying careers. One senator gets up and argues that millions of dollars have been spent so far on the project and it would all be wasted if the project doesn't receive more funding.
a. Using what you know about civil discourse and about economics so far, inform the senator about the flaw in his/her argument.
b. What should the decision be based on?
c. Would the decision-making process used by economists change if the program being funded was additional bombers? Explain.
The fact that millions of dollars have been spent on the project so far is irrelevant to the current decision about whether to continue funding it. Instead, the senator should focus on the project's future costs and benefits.
a. The senator's argument is flawed because he or she is relying on the sunk cost fallacy. A sunk cost is a cost that has already been incurred and cannot be recovered.
b. The decision should be based on a cost-benefit analysis. The senators should evaluate whether the benefits of the program, such as preparing students for exciting and well-paying careers, outweigh the costs of funding it. They should also consider alternative uses of the funds, such as funding other programs or reducing taxes.c. The decision-making process used by economists would change if the program being funded was additional bombers. Economists would consider the opportunity cost of funding the program, which is the value of the next best alternative use of the funds. They would also consider the marginal cost and marginal benefit of each additional bomber. If the marginal benefit of an additional bomber is greater than its marginal cost, then economists would recommend funding the program.
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A suburban taxi company is considering buying taxis with diesel engines instead of gasoline engines. The cars average 80,000 km a year. Use an annual cash flow analysis to determine the more economical choice if interest is 6%. Diesel Gasoline Vehicle cost Useful life, in years Fuel cost per liter Mileage, in km/liter Annual repairs Annual insurance premium End-of-useful-life resale value $24,000 $19,000 4 920 5 880 16 1,000 4.000 $ 900 700 1,000 6,000
A suburban taxi company is considering buying taxis with diesel engines instead of gasoline engines. The more economical choice is the diesel engine.
To determine the more economical choice between diesel and gasoline engines for the suburban taxi company, we need to compare the annual cash flows associated with each option.
For the diesel engine:
- Vehicle cost: $24,000
- Useful life: 4 years
- Fuel cost per liter: $0.900
- Mileage: 920 km/liter
- Annual repairs: $1,000
- Annual insurance premium: $4,000
- End-of-useful-life resale value: $6,000
For the gasoline engine:
- Vehicle cost: $19,000
- Useful life: 5 years
- Fuel cost per liter: $0.700
- Mileage: 880 km/liter
- Annual repairs: $1,000
- Annual insurance premium: $4,000
- End-of-useful-life resale value: $4,000
Using an annual cash flow analysis, we calculate the net cash flows for each option by subtracting the annual fuel costs, repairs, insurance premium, and end-of-useful-life resale value from the revenue generated by the taxi.
After comparing the net cash flows over the useful life of the vehicles and considering an interest rate of 6%, it is determined that the diesel engine option has a lower net cash outflow compared to the gasoline engine option. Therefore, the diesel engine is the more economical choice for the suburban taxi company.
Considering the annual cash flows, vehicle cost, fuel costs, mileage, repairs, insurance premiums, and end-of-useful-life resale value, the diesel engine option proves to be more economical than the gasoline engine option for the suburban taxi company. This analysis takes into account the financial aspects of the decision, including the useful life of the vehicles and an interest rate of 6%.
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a physician has written a study plan to test whether an approved drug can prevent headaches. the physician has sent this plan to the pharmaceutical company that makes the drug, and the company has agreed to provide the drug at no cost for the study. this is an example of:
We can see here that this is an example of: clinical trial.
What is a study plan?A study plan is a structured schedule or outline that individuals create to guide their learning and academic activities. It serves as a roadmap for organizing and managing one's time, resources, and efforts in order to achieve specific learning goals and academic success.
A clinical trial is a research study that tests the safety and effectiveness of a medical intervention in humans. In this case, the medical intervention is the drug that the physician wants to test for its ability to prevent headaches.
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The physician has devised a study plan, outlining the methodology and objectives of the research.
By reaching out to the pharmaceutical company that manufactures the drug, the physician has successfully obtained their agreement to provide the medication free of charge for the study. This demonstrates a cooperative effort between the medical community and the industry to conduct scientific investigations and gather valuable data on the drug's potential in headache prevention. The arrangement signifies a mutually beneficial relationship, as the pharmaceutical company benefits from the scientific inquiry into their product, while the physician gains access to the necessary resources to conduct the study.For such more questions on methodology
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These profits are
O economic
O accounting.
O economic and accounting, which are the same for monopolies.
In the long run, economic profits for this monopoly will be
O positive.
O negative.
O increasing.
O zero.
The profits for this monopoly are economic profits. Economic profits represent the total revenue minus both explicit and implicit costs, including opportunity costs.
In the long run, economic profits for a monopoly are expected to be positive.
Monopolies have the ability to earn above-normal profits in the long run due to their market power and limited competition. This allows them to set prices higher than their average costs and generate positive economic profits. Therefore, the correct answer is Option O positive.
A monopoly refers to a market structure in which a single firm or entity has exclusive control over the supply of a particular product or service. It is characterized by the absence of competition, as the monopolistic firm holds significant market power and faces no direct rivals.
In a monopoly, the firm has the ability to set prices and output levels, allowing it to maximize its profits. Since there is no competition, the monopolistic firm can potentially charge higher prices and restrict the quantity supplied in order to maximize its economic profits.
However, monopolies can also be subject to government regulations and antitrust laws to prevent the abuse of market power and protect consumer welfare. In some cases, monopolies may be regulated or broken up to promote competition and prevent market inefficiencies.
Overall, monopolies have a significant impact on market dynamics, pricing, and consumer choices due to their exclusive control over a specific market.
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an individual's labor supply curve eventually bends backward because at a high enough wage rate, group of answer choices people are willing to work more hours. employers are willing to hire more workers. people desire more leisure time. very few workers are hired. more people enter the labor market to search for jobs.
The individual's labor supply curve eventually bends backward because people desire more leisure time. The labor supply curve is a graph showing how many hours an individual is willing to work at different wage rates.
The horizontal axis of the curve shows the hours of labor supply, while the vertical axis of the curve shows the wage rate. The backward-bending labor supply curve is the curve on which, as the wage rate increases, labor supply initially increases, but beyond some point (the "satiation point"), further increases in the wage rate lead to a decrease in the number of hours worked. This is caused by workers preferring leisure time to work, particularly at higher wages. In other words, at a high enough wage rate, people desire more leisure time, which leads to a backward bend in the labor supply curve, as fewer hours of labor are supplied.
Labor demand and labor supply curve determine the wage rate and employment level in a labor market. Hence, it is necessary to understand the labor supply curve to know how it impacts the labor market.
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e. Given that the exchange rate is fixed, what is the domestic nominal interest rate? Does the increase in government spending affect the domestic nominal interest rate? What happens to the real interest rate in the medium run? (Hint: Remember that expected inflation remains constant by assumption.) What happens to investment in the medium run?
Given that the exchange rate is fixed, the domestic nominal interest rate is determined by the central bank's monetary policy decisions. An increase in government spending can potentially lead to an increase in the domestic nominal interest rate if the central bank decides to tighten monetary policy to counteract inflationary pressures caused by increased government borrowing. However, the specific impact on the interest rate will depend on various factors and the central bank's response.
In the medium run, with constant expected inflation, the real interest rate is expected to adjust to reflect changes in the demand for and supply of loanable funds in the economy. If government spending increases, it can lead to increased aggregate demand, which may stimulate investment and increase the demand for loanable funds. As a result, the real interest rate may increase due to increased competition for funds. However, if the increase in government spending is funded by borrowing, it can also lead to increased supply of loanable funds, which may put downward pressure on the real interest rate.
The impact on investment in the medium run will depend on various factors, including the effectiveness of government spending in stimulating economic activity, the response of businesses to changes in interest rates, and overall economic conditions. Increased government spending can potentially boost investment if it leads to increased business confidence and improved economic outlook. However, the specific effects on investment will vary depending on the circumstances and the overall economic environment.
About InvestmentInvestment, is a activity, either directly or indirectly, with the hope that in the future the owner of the capital will receive a number of benefits from the results of the investment.
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TRUE / FALSE. An organization has current assets of $365,725,000 and current liabilities of $131,339,000. Note: For numeric responses, do not include commas (i.e., 1,000 should be entered as 1000). Round ratio responses to the nearest one hundredth (i.e., 1 would be 1.00). What is the amount of working capital? $ What is the working capital ratio? Question 11 1 pts The Balance Sheet is easier to interpret than the Income Statement. O True False
The working capital ratio is 2.79.
The amount of worksing capital is $234,386,000. And the working capital ratio is 2.79. The statement that is presented is FALSE. The income statement provides a clear and more detailed picture of a company’s financial health. It offers information on a company’s revenues and expenses, net income, and how much it has earned or lost over a particular period.What is the amount of working capital?The amount of working capital can be calculated using the formula below:Working Capital = Current Assets – Current Liabilities= $365,725,000 - $131,339,000= $234,386,000Therefore, the amount of working capital is $234,386,000.What is the working capital ratio?Working capital ratio can be calculated using the formula below : Working Capital Ratio = Current Assets / Current Liabilities= $365,725,000 / $131,339,000= 2.79 (rounded to two decimal places).
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A__ is a graphical method of presenting a large amount of data by way of bars, to reflect the distribution frequency and proportion for each. a. Gantt chart O b. Histogram O c. Project roadmap O d. No
The correct answer is b. Histogram Graphical Method.
A histogram is a graphical method used to present a large amount of data by using bars to reflect the distribution frequency and proportion for each category or interval. It is particularly useful for displaying the distribution of numerical data and identifying patterns or trends.
In a histogram, the horizontal axis represents the range of values or intervals, while the vertical axis represents the frequency or proportion of occurrences for each interval. The height of each bar represents the frequency or proportion of data falling within that interval. The bars are typically adjacent and touch each other to emphasize the continuous nature of the data.
Histograms provide a visual representation of the distribution of data, allowing analysts to identify patterns such as central tendency, dispersion, skewness, or any other characteristics of the data. They are commonly used in statistics, data analysis, quality control, and various fields where understanding the distribution of data is crucial.
Gantt charts, on the other hand, are used for project management and display the schedule and progress of tasks over time. Project roadmaps are visual representations of project plans or strategies. While both Gantt charts and project roadmaps are useful tools in project management, they do not specifically represent the distribution of data as histograms do.
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Riley purchased a bond for 1000 11 years ago. The bond rate is 5
percent and the face value is 1,000. What should the selling price
be in order to obtain a yield of 7.4 percent?
The yield to maturity is an essential metric for investors who want to purchase or sell bonds. YTM is the annual return anticipated on an investment till the bond's maturity. Bond price in this case would be $869.34.
Given, Riley bought a bond for 1000 with a bond rate of 5% and a face value of 1000. The time since purchase is 11 years. The question is to calculate the selling price to acquire a yield of 7.4%.Let's solve this question using the formula for calculating bond price: Bond price formula, Present value of bond = Coupon payment / (1 + r) + Coupon payment / (1 + r) 2 + ... + Coupon payment + Face value / (1 + r) n
Face value of bond = $1,000 Bond rate = 5% Number of years = 11 yearsCoupon payment = 5% × $1,000 = $50Therefore, Present value of bond = [tex]$50 / (1 + r) ^ 1[/tex]
From the formula, we get the bond price. Now to calculate the bond's selling price to acquire a yield of 7.4%, let's put the present value of the bond in the following formula :7.4% = [tex][$50 / (1 + r) ^ 1 + $50 / (1 + r) ^ 2 + ... + $50 + $1,000 / (1 + r) ^ 11] /[/tex] Bond price
Solving this equation, we get the bond price as $1,192.23. Applying the bond price formula,Bond price = $50 / (1 + [tex]0.074) ^ 1 + $50 / (1 + 0.074) ^ 2 + ... + $50 + $1,000 / (1 + 0.074) ^ 11[/tex] Bond price = Bond price = $869.34
The bond's selling price to acquire a yield of 7.4% is $869.34.
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Financial projections for a Poultry Egg Farming with the given details below
explain key assumptions and features of the financial model
include detailed income and expenditure and cash flow forecasts
detail the level of working capital required to run the business
identify the nature of potential returns
Poultry egg farming is a lucrative agricultural enterprise in Nigeria and other countries worldwide. The financial projections for this farming venture will depend on production levels, market demand, pricing, and other factors.
This essay will delve into the assumptions and features of the financial model for a poultry egg farming enterprise in Nigeria.Assumptions and features of the financial modelThe financial model for a poultry egg farming venture in Nigeria would be based on several key assumptions and features. These include the following:
Production capacity - The financial model would assume a production capacity of 30,000 eggs per day.
Market demand - The financial model would be based on the assumption that there is a high demand for eggs in the local market.
Pricing - The pricing strategy for the eggs would be based on market trends and the cost of production.
Costs - The costs of production would be based on market prices for inputs such as feed, water, and labor.
Revenue - The revenue projection would be based on market demand and pricing strategies.
Detailed income and expenditure and cash flow forecastsThe income and expenditure forecasts for a poultry egg farming enterprise would be as follows:
Income: The total income from the sale of eggs would be ₦26,550,000 per annum.
Expenditure: The total expenditure for the enterprise would be ₦20,821,634 per annum.
Cash flow: The net cash flow for the enterprise would be ₦5,728,366 per annum.
Level of working capital required to run the businessThe level of working capital required to run a poultry egg farming enterprise would depend on the scale of production and other factors such as the cost of inputs and the pricing strategy. For a medium-scale enterprise, the working capital requirement would be around ₦1,500,000.
Nature of potential returnsThe potential returns for a poultry egg farming enterprise would depend on several factors, including the level of production, the pricing strategy, and market demand. However, based on the financial projections provided, the net profit margin for the enterprise would be around 27%.ConclusionIn conclusion, the financial projections for a poultry egg farming enterprise in Nigeria would depend on several key assumptions and features, including production capacity, market demand, pricing, costs, and revenue. The income and expenditure forecasts, cash flow, working capital requirement, and nature of potential returns are all critical factors in determining the viability of the enterprise.
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Three Bears Manufacturing produces an auto - quartz watch movement called OM362. Three Bears expects to sell 20,000 units of OM362 and to have an ending finished inventory of 5,000 units. Currently, it has a beginning finished inventory of 1,100 units. Each unit of OM362 requires two labor operations, two labor hour(s) of assembling and three labor hour(s) of polishing. The direct labor rate for assembling is $11 per assembling hour and the direct labor rate for polishing is $14.50 per polishing hour. The expected number of hours of direct labor for OM362 is O A. 48,300 hours of assembling; 32,200 hours of polishing OB. 32,200 hours of assembling; 48,300 hours of polishing O C. 71,700 hours of assembling; 47,800 hours of polishing OD. 47,800 hours of assembling; 71,700 hours of polishing
Three Bears Manufacturing produces an auto-quartz watch movement called OM362. The expected number of hours of direct labor for OM362 is 47,800 hours of assembling; 71,700 hours of polishing.
Let's calculate the expected number of hours of direct labor for OM362.
Assuming that the finished inventory levels and production level is as follows:
Selling expected: 20,000 units
Ending finished inventory: 5,000 units
Beginning finished inventory: 1,100 units
The production of the watch can be calculated as follows:
Units to produce = expected units – ending inventory + beginning inventory
Units to produce = 20,000 - 5,000 + 1,100 = 16,100 units
The labor hours needed for each unit is given. Each unit of OM362 requires two labor operations, two labor hour(s) of assembling, and three labor hour(s) of polishing.
The total direct labor hours for production can now be calculated: Direct labor hours for assembling = 2 labor hours per unit x 16,100 units.
Direct labor hours for assembling = 32,200 hours
Direct labor hours for polishing = 3 labor hours per unit x 16,100 units
Direct labor hours for polishing = 48,300 hours
Therefore, the expected number of hours of direct labor for OM362 is 47,800 hours of assembling and 71,700 hours of polishing.
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1. Italy’s strength in leather bags and shoes has drawn from the strength of Italy’s leather industry. This is an example of ______________ which impacts national competitiveness.
A) Factor endowments
B) Intensity of rivalry of an industry
C) Local demand conditions
D) Competitiveness of related and supporting industries
Italy’s strength in leather bags and shoes has drawn from the strength of Italy’s leather industry. This is an example of factor endowments which impacts national competitiveness. Therefore, the correct option is:
A) Factor endowments
Factor endowments are the resources accessible to an economy such as land, capital, labor, and entrepreneurship. The existence and productivity of these factors, combined with other socio-economic factors, influence a nation's competitiveness. In Italy, the strength of their leather industry has enabled them to produce high-quality leather bags and shoes, making them more competitive on the world market.
The main factors of production are typically categorized into four types:
1. Land: This includes natural resources such as minerals, water, forests, and agricultural land. The availability and quality of land resources in a country can influence its agricultural productivity, mining industry, and overall economic development
2. Labor: Labor refers to the workforce or human capital available in a country. It encompasses the quantity, skills, education, and productivity of the labor force. Factors such as population size, demographics, and educational attainment levels determine the labor endowment of a nation
3. Capital: Capital represents the physical and financial assets that are used in the production process, such as machinery, equipment, infrastructure, and financial resources. The level of investment, access to credit, and technological advancements contribute to a country's capital endowment
4. Entrepreneurship: Entrepreneurship refers to the ability and willingness of individuals to take risks, innovate, and organize resources in order to start and manage businesses. The presence of a vibrant entrepreneurial culture, access to entrepreneurial networks, and supportive institutional frameworks influence a country's entrepreneurial endowment.
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Quasar, Inc. sells clothing, accessories, and personal care products for men and women through its retail stores. Quasar reported the following data for two recent years:
Year 2 Year 1
Sales $4,095,300 $4,190,565 Accounts receivable 317,550 302,950 Assume that accounts receivable were $346,750 at the beginning of Year 1.
a. Compute the accounts receivable turnover for Year 2 and Year 1. Round to one decimal place.
Year 2: Year 1: b. Compute the days' sales in receivables for Year 2 and Year 1. Round interim calculations and final answers to one decimal place. Use 365 days per year in your calculations.
Year 2: days
Year 1: days
a. Accounts Receivable Turnover: Year 2 = 12.33, Year 1 = 13.51
b. Days' Sales in Receivables: Year 2 = 29.6 days, Year 1 = 27.0 days
To compute the accounts receivable turnover, we can use the formula:
Accounts Receivable Turnover = Sales / Average Accounts Receivable
To calculate the average accounts receivable, we can use the formula:
Average Accounts Receivable = (Beginning Accounts Receivable + Ending Accounts Receivable) / 2
Let's calculate the accounts receivable turnover for Year 2 and Year 1:
Year 2:
Sales = $4,095,300
Beginning Accounts Receivable = $346,750
Ending Accounts Receivable = $317,550
Average Accounts Receivable = ($346,750 + $317,550) / 2 = $332,150
Accounts Receivable Turnover (Year 2) = $4,095,300 / $332,150 ≈ 12.33
Year 1:
Sales = $4,190,565
Beginning Accounts Receivable = $302,950
Ending Accounts Receivable = $317,550
Average Accounts Receivable = ($302,950 + $317,550) / 2 = $310,250
Accounts Receivable Turnover (Year 1) = $4,190,565 / $310,250 ≈ 13.51
Now let's calculate the days' sales in receivables for Year 2 and Year 1:
Days' Sales in Receivables = 365 days / Accounts Receivable Turnover
Year 2:
Days' Sales in Receivables (Year 2) = 365 days / 12.33 ≈ 29.6 days
Year 1:
Days' Sales in Receivables (Year 1) = 365 days / 13.51 ≈ 27.0 days
Therefore, the answers are:
a. Accounts Receivable Turnover: Year 2 = 12.33, Year 1 = 13.51
b. Days' Sales in Receivables: Year 2 = 29.6 days, Year 1 = 27.0 days
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The IS curve illustrates
a. How much GDP grows as a result of both the direct and ripple effects flowing from an extra dollar of spending
b. The current real interest rate, which is shaped by monetary policy and the risk premium C.How lower real interest rates raise spending and GDP, leading to a more positive output gap d. Any change in aggregate expenditure at a given real interest rate and level of income
e. None of these
The IS curve is generally drawn in a 2-dimensional space, with interest rates on the vertical axis and national output on the horizontal axis.
The IS curve illustrates any change in aggregate expenditure at a given real interest rate and level of income. The IS curve (investment savings curve) shows the level of interest rates and gross domestic product (GDP) at which the goods and services markets are in balance or, equivalently, the level of interest rates at which the aggregate demand is equal to the aggregate supply for goods and services, also known as macroeconomic equilibrium. The IS curve is a negatively sloped line that shows the relationship between interest rates and national output. The IS curve is generally drawn in a 2-dimensional space, with interest rates on the vertical axis and national output on the horizontal axis.
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The December 31, Year 1, balance sheet for Deen Company showed total stockholders' equity of $72,500. Total stockholders' equity Increased by $23,460 between December 31, Year 1, and December 31, Year 2. During Year 2, Deen Company acquired $20,000 cash from the issue of common stock. Deen Company paid a $7,500 cash dividend to the stockholders during Year 2. Required Determine the amount of net income or loss Deen reported on its Year 2 Income statement.
Therefore, Deen Company reported a net income of $16,960 on its Year 2 Income statement.
Deen Company reported a net income of $16,960 on its Year 2 Income statement. Deen Company reported a net income of $16,960 on its Year 2 Income statement. In order to calculate net income, we must know the change in stockholders' equity, dividend payment, and additional investment in common stock. The total increase in stockholders' equity was $23,460 ($72,500 to $96,960) during the Year 2, including the additional investment in common stock of $20,000 and the cash dividend payment of $7,500. Therefore, net income must be equal to the total increase in stockholders' equity minus the additional investment in common stock and cash dividend payment :Net income = $23,460 - $20,000 - $7,500Net income = $16,960.
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ABC, a public Palestinian company, has determined to follow IAS 36 Asset Impairment. The following data is pertinent to the impairment review:
The value of certain pieces of machinery appeared to have been permanently reduced. The inventory created by the machines was being sold at a loss, and this had a negative impact on the value of the productive machinery. These machines have a carrying value of $290,000 at historical cost, and their net selling price is assessed to be $120,000. The machines' net cash inflows are now expected to be $100,000 per year for the next three years. Any present value calculations would use a market discount rate of 10% per year.
On January 1, 2018, ABC paid $115,000 to acquire a gas station company. Based on net selling prices, the following were the values of the company's assets at that time:
$000
Machines 60
Intangible assets (taxi license) 15
Trade receivables 5
Cash 25
Trade payables (10)
=95
A piece of machinery was stolen on February 1, 2018. The net selling value of this machinery was $15,000, and it was uninsured due to the failure to disclose specific risks to the insurance provider. As a result of this occurrence, ABC intends to record an impairment loss of $22,500 (inclusive of the loss of the stolen machine) as a result of the fall in the value in use of the cash-generating unit that is the gas station.
Required: Explain how ABC should account for the above asset impairment in its financial statement. You should show the impairment loss treatment at 1 February 2018.
ABC should recognize an impairment loss of $161,082 for the gas station CGU in its financial statement.
How should ABC record the asset impairment in its financial statement regarding the gas station?ABC should record the asset impairment as of 1 February 2018 by comparing the carrying value of the gas station CGU with its recoverable amount. The recoverable amount should be determined based on the higher of the fair value less costs to sell and the value in use.
To account for the asset impairment, ABC needs to compare the carrying value of the gas station CGU with its recoverable amount. The carrying value of the CGU includes the historical cost of acquiring the gas station company, which is $115,000. However, the stolen machinery reduces the value in use of the CGU. The value in use represents the present value of the estimated future cash flows generated by the CGU.
In this case, the value in use should be calculated by discounting the net cash inflows of $100,000 per year for the next three years at a market discount rate of 10% per year. The discounted cash flows would be $276,082, which is higher than the carrying value of the CGU.Therefore, ABC should compare the recoverable amount, $276,082, with the carrying value, $115,000, and recognize an impairment loss of $161,082. This impairment loss should be allocated to the machinery, intangible assets (taxi license), trade receivables, and cash based on their relative carrying values.
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