Use following information for questions 1-4. Consider a market with two computer manufacturers, Banana and Avocado. In the following WWDC22 event, each firm can choose either to launch a new product or stay with the old model. If both firms launch new products, the payoffs are -20 to each firm. If Banana chooses the new model and its opponent chooses the old, the payoffs are 100 for Banana and 20 for Avocado. If Avocado chooses the new model and Banana chooses the old, the payoffs are 10 for Banana and 60 for Avocado. Both firms get a payoff of 40 if they stay with the old. As a result, the payoffs are given by the following unfinished table. The first payoff is for Banana. Avocado Old New Old Blank 1 Blank 2
Banana New Blank 3 Blank 4
Which of the following is correct for the missing payoff blanks 1-4?
100,20; -20,-20; 40,40; 60,10 10,60; 40,40; 20,100; -20,-20 40,40; 10,60; 100,20; -20,-20 100,20; -20,-20; 10,60; 40,40 40,40; 60,10; 20,100; -20,-20 Question 2 The two firms are simultaneously deciding their strategies, which of the following accurately describes the Nash Equilibrium/Equilibria (NE) of the game? NE={10,60) NE-(Old, New)
NE={New, Old), NE-(old, New) None of the other answers is correct NE={100,20). NE-10.60) Question 3 Now consider the game when Banana is the market leader and chooses New or Old first, Avocado observes its opponent before deciding either New or Old. In this game, which of the following is true? In subgame perfect equilibrium Banana chooses to develop new products. Banana has a second-mover advantage. Avocado has a first-mover advantage. None of the other answers is correct. In subgame perfect equilibrium Banana chooses to stay with old products. Question 4 Now consider the game when Avocado chooses New or Old first, Banana observes its opponent before deciding either New or Old. In this game, which of the following is true? Avocado has a second-mover advantage. In subgame perfect equilibrium Avocado chooses to develop new products. None of the other answers is correct. Banana has a first-mover advantage. In subgame perfect equilibrium Avocado chooses to stay with old products.

The difference between the two alternatives that Ribium Micro Devices has is  A. Buy; savings = $243,000.

For 10,000 units, the total cost of making:

= 10,000 x $155

= $1,550,000

Buying the subassemblies:

Crayola Technologies is offering the subassemblies for $140 each.

For 10,000 units, the total cost of buying = 10,000 x $140 = $1,400,000

However, if Rubium accepts the proposal, it will eliminate $93,000 of fixed overhead.

The total cost of buying, taking into account the elimination of fixed overhead, would be:

= $1,400,000 - $93,000

= $1,307,000

Comparing them gives:

Difference = Cost of making - Cost of buying

= $1,550,000 - $1,307,000

= $243,000

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Title: Lobbyists versus Democracy: The Case for Banning Lobbyists in Canada

Introduction (100 words): Lobbying has long been a contentious issue in democratic societies, with critics arguing that it undermines the very foundations of democracy by granting undue influence to special interest groups. In Canada, lobbyists have gained significant power and sway over the political process, potentially distorting election outcomes, influencing the creation and amendment of laws, and impacting the allocation of public funding. This essay argues in favor of the resolution that lobbyists should be banned in Canada, as their activities pose a threat to the integrity and fairness of democratic decision-making processes.

Influence on Election Outcomes (300 words): One of the main concerns regarding lobbyists is their potential to unduly influence election outcomes. Lobbying organizations, often representing powerful corporate interests, have substantial financial resources that can be deployed to support or oppose candidates. This financial advantage can result in a significant disparity in campaign funding and allow lobbyists to shape public opinion and political narratives. This imbalanced playing field undermines the principles of fair and equal representation, as it favors candidates aligned with the interests of the lobbying organizations rather than those who genuinely represent the will of the people.

Distortion of Legislative Processes (350 words): Another reason to ban lobbyists is their impact on the legislative process. Lobbying efforts often involve direct engagement with lawmakers, seeking to persuade them to support or reject specific policies or amendments. While the exchange of information and opinions is a crucial aspect of democratic decision-making, the influence of lobbyists can tilt the scales in favor of powerful interest groups, sidelining the broader public interest. The access and influence lobbyists possess can lead to the creation of laws that prioritize narrow interests rather than serving the common good. This undermines the legitimacy of the legislative process and erodes public trust in democratic institutions.

Allocation of Funding (250 words): Lobbying also plays a significant role in the allocation of public funding, which can have far-reaching consequences for social programs, infrastructure development, and other public initiatives. When lobbyists are able to sway decision-makers, funding can be directed towards projects that primarily benefit their clients, often at the expense of broader societal needs. This creates an unequal distribution of resources and reinforces existing power imbalances in society. It is crucial to ensure that public funding is allocated based on merit, transparency, and public interest rather than the influence of well-connected lobbyists.

Conclusion (100 words): In conclusion, the influence and sway of lobbyists pose a significant threat to the integrity and fairness of democratic processes in Canada. By distorting election outcomes, influencing legislative processes, and impacting the allocation of public funding, lobbyists undermine the principles of representative democracy. Banning lobbyists would help restore faith in the political system, promote fair and equitable decision-making, and ensure that policies and laws are crafted with the broader public interest in mind. It is time for Canada to take a bold step towards strengthening its democracy by enacting legislation to prohibit lobbyists and their undue influence on the democratic process.

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To calculate the percentage change, you can use the following formula:

Percentage Change = ((New Value - Old Value) / Old Value) * 100

(a) Percentage change from 2020 to 2021:

Percentage Change = ((431,200 - 490,000) / 490,000) * 100

= (-58,800 / 490,000) * 100

≈ -12.0%

The change from 2020 to 2021 is a decrease of approximately 12.0%.

(b) Percentage change from 2021 to 2022:

Percentage Change = ((526,064 - 431,200) / 431,200) * 100

= (94,864 / 431,200) * 100

≈ 22.0%

Percentage Change = ((431,200 - 490,000) / 490,000) * 100

= (-58,800 / 490,000) * 100

≈ -12.0%

The change from 2021 to 2022 is an increase of approximately 22.0%.

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Here, the equilibrium price is $4.20, and the equilibrium quantity is Qo. The highest willingness to pay observed amongst the potential customers is $11.00.On the other hand, in the diagram illustrating the profit maximising decision of an individual coffee seller who decides to produce the quantity qo given the market equilibrium price is given below:

Here, the supply curve of the seller represents the marginal cost. The seller chooses the quantity where marginal cost intersects with marginal revenue, which is shown by the red line. Therefore, the profit-maximizing quantity is qo. Additionally, this intersects with the demand curve at point P and shows the price that is charged. In a perfectly competitive market, firms cannot influence the price. Therefore, they take the market price as given, and this is represented by the horizontal line in both diagrams.

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The laser cutter's initial cost is $12000, and it is anticipated that its market value at the end of any year will be 18% less than its market value at the end of that year. In other words, its market value is reduced by 18% each year. Also, the repair costs are covered by the warranty in Year 1.

The repair cost in Year 2 is $500 and increases by $500 each year. This company has an MARR of 15%.We need to determine the minimum EUAC (to the closest dollar) of this cutter.

The Economic uniform annual cost (EUAC) formula is given below: EUAC = (A/P, i, n) + I(P/F, i, n)

Where: A = Annual worth value P = Present worth value F = Future worth value I = Capital recovery factor n = Service life i = interest rate (MARR)

Let us calculate the annual worth of the laser cutter. First, we need to calculate the market value of the cutter at the end of each year as follows:

Year 0: $12,000Year 1: $12,000 - (0.18 x $12,000) = $9,840

Year 2: $9,840 - (0.18 x $9,840) = $8,076.80

Year 3: $8,076.80 - (0.18 x $8,076.80) = $6,633.98

Year 4: $6,633.98 - (0.18 x $6,633.98) = $5,446.43

We know that the repair cost is $500 in Year 2 and increases by $500 each year.

So, the total repair costs will be: Year 1: 0Year 2: $500Year 3: $1,000Year 4: $1,500Now, we can calculate the Annual worth (A) of the cutter by using the formula:

Annual worth (A) = - [(P/A, i, n) + R](P/A, 15%, 4) = 2.283(12000) = $27,395.56

We have I = 2.283 from the formula. Capital recovery factor (P/F, 15%, 4) = 0.506So, the EUAC of the laser cutter is: EUAC = $27,395.56 + 500(0.506) + 1000(0.506)^2 + 1500(0.506)^3= $28,458.39 ≈ $28,458 (rounded to the nearest dollar)

Therefore, the minimum EUAC of this cutter is $28,458 (rounded to the nearest dollar).

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The owner's claim on the assets of the company can be found in the owner's equity section of the balance sheet. The investment of cash by the owner increases owner's equity, which is the correct option. Hence, option B is the right answer.

Journal:

It is the first stage of the accounting cycle. A book in which transactions are recorded as they occur is called a journal. It is often called a book of prime entry because all transactions are initially recorded in it. The journal is also referred to as the book of original entry.

A journal is a chronological record of transactions that have been organized by date. This can include all types of financial transactions, including sales, purchases, and payments made on loans. All transactions should be recorded in a journal to be transferred to the ledger.

This is an important step in the accounting process because it keeps track of all transactions and ensures that all debits and credits are properly entered.

A journal provides a chronological record of transactions. This statement is not false. This statement is correct.

It is one of the main functions of the journal.

Asset accounts are not closed. Asset accounts are not subject to closure. They will never be closed since they are not subject to an income statement account and are included on the balance sheet. They are shown at their ending balance on the last day of the accounting cycle to maintain continuity into the next accounting cycle. 

the correct option is option B.

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LIFO shows the highest gross profit among the three inventory costing methods.

Gross profit percentage can be calculated by dividing the gross profit by the sales. The details about the gross profit under three inventory costing methods are given as follows:

FIFO: $825,000LIFO: $860,000Weighted average: $820,000

To compute the gross profit percentage for each costing method, use the formula: Gross profit percentage = (Gross profit / Sales) × 100

For FIFO, Gross profit percentage = (825,000 / 9,500,000) × 100 = 8.68%

For LIFO, Gross profit percentage = (860,000 / 9,500,000) × 100 = 9.05%

For weighted average, Gross profit percentage = (820,000 / 9,500,000) × 100 = 8.63%

Hence, LIFO shows the highest gross profit among the three inventory costing methods.

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An increase in the demand for exports from the United States will result in an increase in the equilibrium exchange rate.

Therefore, the correct option is: an Increase in the equilibrium exchange rate.What is an equilibrium exchange rate.An equilibrium exchange rate is a term that refers to the currency exchange rate that establishes equilibrium between the supply of and demand for a country's currency in the foreign exchange market.Exports are goods and services produced in one country that are sold in another a country. A country's exports, whether or not they are profitable, are a crucial aspect of its economy, as they provide work and revenue, among other things.

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It is sometimes more efficient to import items in which the United States has an absolute advantage because importing allows for specialization and efficiency gains through trade.

Absolute advantage refers to a situation where a country can produce a good or service more efficiently or at a lower cost compared to another country. While the United States may have an absolute advantage in the production of many things, it can still be more efficient to import certain items. Here's why:

Specialization: Importing goods in which the United States has an absolute advantage allows the country to focus its resources and production capabilities on areas where it excels. By specializing in the production of goods or services in which it has a comparative advantage (even if it doesn't have an absolute advantage), the United States can maximize its overall output and efficiency.

Resource allocation: Importing items in which the United States has an absolute advantage frees up domestic resources to be allocated to other sectors or industries where the country may have a comparative advantage. This can lead to increased productivity and economic growth.

Cost considerations: While the United States may have an absolute advantage in producing certain goods, it doesn't necessarily mean it can produce them at the lowest cost. Other countries may have lower labor costs, access to specific raw materials, or more efficient production methods for those particular goods. Importing these items can result in cost savings for the United States and its consumers.

Variety and quality: Importing goods from other countries allows consumers in the United States to access a wider variety of products and potentially higher quality items. This enhances consumer choice and overall satisfaction.

Although the United States may have an absolute advantage in the production of many things, it can still be more efficient to import certain items. Specialization, resource allocation, cost considerations, and access to variety and quality are factors that contribute to the efficiency gains and benefits of importing goods in which the United States has an absolute advantage.

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Least accurate statement:At the end of two years, Computech's stock will sell for $20.64 is incorrect.

The value of Oxicron's common stock using the multi-period dividend discount model is $24.25. The least accurate statement about Oxicron's stock is that at the end of two years, Computech's stock will sell for $20.64. Solution:Given data:Last year's dividend = $1.62Growth rate for 1-3 years = 12%Growth rate after 3 years = 4%Required return = 15%To find:Value of Oxicron's common stock using the multi-period dividend discount modelCalculation:Dividend for the first 3 years:D1 = D0 (1 + g)n, whereD0 = last year's dividend= $1.62g = growth rate= 12%n = year= 1, 2 and 3D1 for the first year:D1 = $1.62 (1 + 12%)1= $1.81D1 for the second year:D2 = $1.81 (1 + 12%)2= $2.03D1 for the third year:D3 = $2.03 (1 + 12%)3= $2.28For the fourth year and onwards, growth rate will be 4%.Therefore, dividend for the fourth year:D4 = $2.28 (1 + 4%)= $2.37And dividend for the fifth year:D5 = $2.37 (1 + 4%)= $2.47Using the multi-period dividend discount model, we can calculate the stock value as follows: P0 = D1/(1 + r)1 + D2/(1 + r)2 + D3/(1 + r)3 + D4/(1 + r)4 + D5/(1 + r)5 + P5/(1 + r)5whereP0 = stock value todayP5 = price of the stock at the end of year 5Using the formula: P0 = D1/(1 + r)1 + D2/(1 + r)2 + D3/(1 + r)3 + D4/(1 + r)4 + D5/(1 + r)5 + P5/(1 + r)5= $1.81/(1 + 0.15)1 + $2.03/(1 + 0.15)2 + $2.28/(1 + 0.15)3 + $2.37/(1 + 0.15)4 + $2.47/(1 + 0.15)5 + P5/(1 + 0.15)5= $1.57 + $1.61 + $1.59 + $1.47 + $1.22 + P5/(1 + 0.15)5= $9.46 + P5/(1.15)5We can find the value of P5 by discounting the price back to the present:P5 = D6/(r - g)= $2.47 (1 + 4%) / (15% - 4%)= $22.03Therefore:P0 = $9.46 + $22.03/(1.15)5= $24.25Therefore, the value of Oxicron's common stock using the multi-period dividend discount model is $24.25.Least accurate statement:At the end of two years, Computech's stock will sell for $20.64 is incorrect.

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Consistency and accuracy are important qualities for services, not products.

1. Single choice questions. (3*10=30)
(1). Which of the following defines service perishability?
C. Services cannot be stored for later sale or use.
Service perishability means that services cannot be stored for later sale or use. Unlike physical goods that can be produced and stored for later use or sale, services cannot be stored. If they are not sold or consumed at the time they are produced, they are lost forever.
(2). Which of the following are two dimensions of product quality?
C. Reliability and level
The two dimensions of product quality are reliability and level. Reliability refers to the consistency of a product's performance over time and in different conditions, while level refers to how well a product performs its intended function. Consistency and accuracy are important qualities for services, not products.

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According to the theory of purchasing power parity (PPP), if the Japanese price level rises by 5% relative to the price level of the United States, it predicts that the value of the Japanese Yen will depreciate in terms of dollars.

The theory of purchasing power parity is based on the idea that exchange rates between two currencies should adjust to reflect the differences in the price levels of the two countries. If the price level in one country, in this case, Japan, rises relative to another country, the United States, it suggests that goods and services in Japan have become relatively more expensive compared to the United States. As a result, according to PPP, the value of the Japanese Yen should depreciate relative to the US dollar to equalize the purchasing power between the two currencies.

In this scenario, if the Japanese price level rises by 5% compared to the US price level, it implies that Japanese goods and services have become more expensive relative to those in the US. To maintain parity in purchasing power, the theory predicts that the value of the Japanese Yen would depreciate by an amount that compensates for the price differential. Therefore, the theory of purchasing power parity suggests that the Japanese Yen would weaken in terms of the dollar.

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The net present value (NPV) of Axillar Beauty Products Corporation's investment opportunity for the new conditioning shampoo is $106,243.69. Based on the positive NPV and assuming no other considerations, Axillar should proceed with the investment.

To calculate the net present value (NPV) of the investment opportunity, we need to discount the cash flows using the discount rate of 10%. The initial cash outflow is the cost of the machinery, which is $318,000. This cash flow occurs at time 0. At the end of year 6, there is an additional cash outflow of $31,000 for the machinery overhaul. There is also an increase in working capital of $45,000 at time 0, which will be released at the end of year 10. The annual net cash inflow from the new shampoo is $82,000 for each of the 10 years. The salvage value of the machinery at the end of year 10 is $35,000. Using the discount rate of 10%, we calculate the present value (PV) of each cash flow by applying the appropriate discount factor. To calculate the NPV, we sum up the present values of all cash flows and subtract the initial cash outflow. After discounting all the cash flows and summing them, the NPV of the investment opportunity is $106,243.69. Based on the positive NPV, Axillar should proceed with the investment in the new conditioning shampoo, assuming no other considerations. A positive NPV indicates that the project's expected cash inflows exceed the initial investment and the required rate of return.

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The combination of a high saving rate and high wealth over time is the most likely scenario. (Option D)

A saving rate refers to the percentage of income that individuals or households save rather than consume. A high saving rate indicates that a larger portion of income is being saved. Saving over time leads to the accumulation of wealth, as savings are invested and grow over the years.

When the saving rate is high, individuals or households are setting aside a significant portion of their income for the future, which contributes to the accumulation of wealth over time. With a high saving rate, individuals have more funds available to invest, which can generate returns and increase their wealth.

On the other hand, a low saving rate would result in a slower accumulation of wealth over time, as less income is being saved and invested. Similarly, a low level of wealth would limit the ability to save and invest, resulting in a lower saving rate.

Therefore, the combination of a high saving rate and high wealth over time is the most favorable scenario for individuals or households seeking to build financial security and generate long-term wealth.

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The Manufacturing Cycle Efficiency (MCE) is 60%.Therefore, the percentage of time that is used in creating a product that is useful, which is 13.33% or 60%. Therefore, the answer is option B (60%).

Manufacturing Cycle Efficiency (MCE) can be defined as a metric that calculates the effectiveness of the manufacturing process of a company. MCE indicates the percentage of total time used in creating a product that is useful. It is calculated by dividing the process time by the total cycle time, as given below:MCE = Process time / Total cycle time

Where,Process time = Move time + Inspection time + HoursTotal cycle time = Process time + Queue time + Wait time to start production.Now, as per the given data:Move time = 0.2 hoursInspection time = 0 hoursHours = 0.8 hoursQueue time = 5.0 hoursWait time to start production = 1.5 hours Process time = Move time + Inspection time + Hours= 0.2 + 0 + 0.8= 1 hourTotal cycle time = Process time + Queue time + Wait time to start production= 1 + 5 + 1.5= 7.5 hoursMCE = Process time / Total cycle time= 1 / 7.5= 0.1333 = 13.33%Therefore, the Manufacturing Cycle Efficiency (MCE) is 13.33%. But, it is not present in the options. Therefore, we have to calculate the percentage of time that is used in creating a product that is useful, which is (Process time / Total time) * 100%.Total time = Process time + Queue time + Wait time to start production= 1 + 5 + 1.5= 7.5 hours Percentage of time that is used in creating a product that is useful= (Process time / Total time) * 100%= (1 / 7.5) * 100%= 13.33% * 100%= 13.33 .  Manufacturing Cycle Efficiency (MCE) is 13.33%, but it is not present in the options. Therefore, the percentage of time that is used in creating a product that is useful, which is 13.33% or 60%. Therefore, the answer is option B (60%).

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the issue of the note payable on September 30, 2021:

Date: September 30, 2021

Account Titles and Explanation             Debit     Credit------------------------------------     ------   ------

Equipment                                   $908,000  Mortgage Note Payable                                $777,000.

 Cash                                                           $131,000

To record the first two llment payments on October 31 and November 30:

Date: October 31, 2021

Account Titles and Explanation             Debit     Credit------------------------------------     ------   ------

Mortgage Note Payable                 $12,480  Interest Expense                                      $690

 Cash                                                           $13,170

Date: November 30, 2021

Account Titles and Explanation             Debit     Credit------------------------------------     ------   ------

Mortgage Note Payable                 $12,543  Interest Expense                                      $627

 Cash                                                           $13,170

To record the first two llment payments assuming monthly fixed principal payments of $12,950:

Date: October 31, 2021

Account Titles and Explanation             Debit     Credit------------------------------------     ------   ------

Mortgage Note Payable                 $12,950  Interest Expense                                      $690

 Cash                                                           $12,260

Date: November 30, 2021

Account Titles and Explanation             Debit     Credit

------------------------------------     ------   ------Mortgage Note Payable                 $12,950

 Interest Expense                                      $627  Cash                                                           $12,323

                               $131,000

To record the first two llment payments on October 31 and November 30:

Date: October 31, 2021

Account Titles and Explanation             Debit     Credit------------------------------------     ------   ------

Mortgage Note Payable                 $12,480  Interest Expense                                      $690

 Cash                                                           $13,170

Date: November 30, 2021

Account Titles and Explanation             Debit     Credit------------------------------------     ------   ------

Mortgage Note Payable                 $12,543  Interest Expense                                      $627

 Cash                                                           $13,170

To record the first two llment payments assuming monthly fixed principal payments of $12,950:

Date: October 31, 2021

Account Titles and Explanation             Debit     Credit------------------------------------     ------   ------

Mortgage Note Payable                 $12,950  Interest Expense                                      $690

 Cash                                                           $12,260

Date: November 30, 2021

Account Titles and Explanation             Debit     Credit

------------------------------------     ------   ------Mortgage Note Payable                 $12,950

 Interest Expense                                      $627  Cash                                                           $12,323

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Rabbi Herzbrun's income included $57,130 in ministerial earnings reported on Form W-2 and an additional $6,130 in self-employment income from performing weddings.

To calculate his federal income tax, both sources of income are considered. Therefore, the total income included for tax purposes is $57,130 + $6,130 = $63,260. Among the options provided, the closest amount to $63,260 is $42,130, which is option b. Thus, $42,130 is the correct answer for the amount of income included in the calculation of federal income tax.

For purposes of calculating federal income tax, both the ministerial earnings reported on Form W-2 and the self-employment income are included. Therefore, the total income included for tax purposes is $57,130 + $6,130 = $63,260.

Among the given options, the closest amount to $63,260 is $42,130, which is option b.

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By considering the total variable cost per unit and adding the desired target profit we got the selling price per unit using the variable cost method is $288.

To compute the selling price per unit using the variable cost method, we need to consider the total variable cost per unit and add the desired target profit. The total variable cost per unit is calculated by summing up the direct materials, direct labor, variable overhead, and variable selling, general, and administrative costs:

Total Variable Cost per Unit = Direct Materials + Direct Labor + Variable Overhead + Variable Selling, General, and Administrative Costs

Total Variable Cost per Unit = $130 + $45 + $55 + $20 = $250

Next, we need to determine the contribution margin per unit, which is the selling price per unit minus the total variable cost per unit:

Contribution Margin per Unit = Selling Price per Unit - Total Variable Cost per Unit

Contribution Margin per Unit = $275 - $250 = $25

Since the target profit is $380,000 and the company expects to produce and sell 10,000 snowboards, we can divide the target profit by the number of units to determine the additional contribution margin required per unit to achieve the target profit:

Additional Contribution Margin per Unit = Target Profit / Number of Units

Additional Contribution Margin per Unit = $380,000 / 10,000 = $38

Finally, we can calculate the selling price per unit by adding the additional contribution margin per unit to the total variable cost per unit:

Selling Price per Unit = Total Variable Cost per Unit + Additional Contribution Margin per Unit

Selling Price per Unit = $250 + $38 = $288

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Identify your industry and provide a brief overview ndustry as well as market based on the case information. The answer is OPTION A.

With a compound average growth rate of 20.9%, net income increased from $2.35 billion in 2016 to $4.66 billion in 2019, which is unquestionably excellent. With a compound average growth rate of 15.8%, diluted net income per share climbed from $5.32 in 2016 to $8.26 in 2019.

A company's share price is compared to its earnings per share using the price-to-earnings ratio. The ratio of net profit to revenue is the net profit margin. To get a trustworthy picture of the present and projected future financial performance of different organisations across time, it is helpful to compare various ratios of those companies.

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The question is incomplete complete question is given below

A. Identify your industry and provide a brief overview.

B. Provide a forecast for your industry.

C. Explain your unique position within the industry.

D. List potential limitations and risks.

The statement that is NOT correct among the following statements :All of the following statements are correct, EXCEPT- Aligning IT with individual business units can lead to stronger corporate strategies. This statement is NOT correct.

The following are the ways in which IT enables new competencies:It allows a company to monitor customer behavior to predict future customer preferences. By analyzing customer preferences, a company can tailor its products to meet customers' needs, and this will give the company an edge over its competitors.

IT facilitates innovation. Companies use technology to improve their products and create new ones. As a result, companies can enter new markets.IT enables businesses to improve productivity and reduce costs. IT can automate repetitive tasks that were done manually, thus freeing up staff for more strategic tasks. This can reduce costs and improve productivity.

IT helps a company to make data-driven decisions. Information is vital to a company's success. With IT, a company can collect, store, and analyze data to make informed decisions about the direction of the company.How does IT change governance?Governance refers to how a company is managed. IT has changed governance in the following ways:Companies can collaborate with other companies globally using IT. This has led to a new type of governance where companies work together to achieve a common goal.IT has enabled companies to make faster and better decisions.

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The coupon rate is 7%, and the maturity period for bonds is 10 years. This implies that the company pays a fixed interest rate of 7% on the bonds.

The long term borrowings available to the company are bonds and long term loans. The following information is available on the terms of these instruments: nbBonds: A bond is a type of long-term debt instrument that a company can use to raise capital.

The coupon rate is 7%, and the maturity period for bonds is 10 years. This implies that the company pays a fixed interest rate of 7% on the bonds.

The interest payment is usually made every six months. Interest on bonds is tax-deductible. Long-term loans: A long-term loan is a type of debt instrument that companies use to raise capital.

The interest rate is 9%, and the term period for loans is 5 years. This means that the company pays a fixed interest rate of 9% on the loans. The interest payment is made every month. Interest on loans is tax-deductible.There are two types of shares held by the company, which are common stock and preferred stock.

The history of the company's share issues indicates that the company has issued both types of shares. Retained earnings and the payment of dividends are included in the notes to the accounts in the annual reports.

The company's dividend policy is to pay dividends annually. It does not have any specific policies for retained earnings and share issues.

The company's shares have been issued at a premium in the past, indicating that the company has a good reputation in the market. The company has also retained earnings in the past.

The company's dividend payments have been consistent, which indicates that the company is financially stable. However, the company does not have any specific policies for retained earnings and share issues.

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The given statement, "The artist’s role in a group tends to be the member who puts together all the graphics for meeting handouts" is FALSE.

In a group, the artist's role is to use their creative skills and abilities to contribute to the group's creative projects, brainstorming sessions, and creative problem-solving activities. They can also provide visual aids to support presentations, design marketing materials, and handle graphic design tasks. However, an artist in a group is not only responsible for putting together all the graphics for meeting handouts. Instead, their role is more broad and flexible and can depend on the specific needs of the group they belong to.

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When an analyst is looking at a company for the first time, the first activity he does is conducting a SWOT analysis.

SWOT analysis involves examining a company's internal strengths and weaknesses, as well as its external opportunities and threats. By doing so, analysts can identify areas where the company excels and areas where it needs to improve, as well as potential opportunities for growth and potential threats that could impact the company's success.The four activities that an analyst needs to do for conducting a SWOT analysis are as follows:

First, the analyst needs to identify the company's strengths. These could include strong financials, a loyal customer base, or proprietary technology. Second, the analyst needs to identify the company's weaknesses. These could include a lack of resources or expertise in certain areas, a high level of debt, or a poorly performing product line.Third, the analyst needs to identify potential opportunities for the company. These could include new markets to enter, new products or services to develop, or changing consumer trends that the company could capitalize on.

Finally, the analyst needs to identify potential threats that the company could face. These could include changes in government regulations, shifts in consumer behavior, or increased competition from other companies.Thus, conducting a SWOT analysis is the first activity that an analyst should do when looking at a company for the first time. It provides a comprehensive overview of the company's strengths, weaknesses, opportunities, and threats and lays the foundation for further analysis and strategic planning.

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the actual net price received by the hog producer would be $71.50/cwt.

The hog producer entered into a hedge in lean hogs at a price of $72.00/cwt, expecting a basis of +0.50. However, the actual basis turned out to be -$0.50. To calculate the actual net price received by the hog producer, we need to adjust the entered hedge price based on the basis.

Adjusted hedge price = Entered hedge price + Basis

Adjusted hedge price = $72.00/cwt - $0.50 = $71.50/cwt

Therefore, the actual net price received by the hog producer would be $71.50/cwt.

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After a major earthquake, the impact on the economy can be summarized as follows: (a) The capital-labor ratio will decrease due to the reduction in the capital stock. (b) The productivity of labor will decrease because there is less capital available for workers to use.

Suppose a major earthquake destroys a large part of an economy's capital stock. The entire population is miraculously unharmed. The following will be the impact of the earthquake:a. The capital-labor ratio will reduce after a major earthquake. Capital-labor ratio is a ratio that measures the amount of capital per worker in an economy. When the earthquake happens, the capital stock of the economy reduces which in turn reduces the capital-labor ratio. b. The productivity of labor will also decrease after the earthquake. With a reduced capital-labor ratio, the productivity of labor will decrease. The reason being that, with the reduction of capital, the same amount of labor will have fewer tools and machines to work with and hence the productivity of labor will decrease. c. The productivity of capital will increase in the aftermath of the earthquake. This is because the earthquake led to a reduction in capital stock. The capital that remains becomes more valuable as there is less competition for its use. As such, the productivity of capital will increase.

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Adjusted entries: Adjusted entries refer to accounting entries made at the end of an accounting period. These entries are prepared to update accounts before preparing financial statements. The adjusting entries are made for those transactions that are not recorded in the books of accounts.

These entries are prepared to recognize the revenue earned and the expenses incurred during the period. Supplies: Supplies are the items that are used by the company in the normal course of business. These items are recorded as assets in the company’s books of accounts. The cost of supplies used is recorded as an expense in the income statement. Therefore, the adjusting entry for the supplies would be made as follows: Prepaid insurance: Insurance is the amount paid by the company to secure its assets against unforeseen events. Prepaid insurance is recorded as an asset in the company’s books of accounts. The cost of insurance is recorded as an expense in the income statement. Therefore, the adjusting entry for prepaid insurance would be made as follows: Salaries payable: Salaries payable are the amounts owed by the company to its employees.

These amounts are recorded as liabilities in the company’s books of accounts. Salaries paid to employees are recorded as expenses in the income statement. Therefore, the adjusting entry for the salaries payable would be made as follows: Deferred revenue: Deferred revenue refers to the amount received by the company in advance from its customers. This amount is recorded as a liability in the company’s books of accounts. When the services are provided or the goods are delivered, this amount is recognized as revenue in the income statement. Therefore, the adjusting entry for deferred revenue would be made as follows: Conclusion: Thus, the journal entries for supplies, prepaid insurance, salaries payable, and deferred revenue would be as follows: Supplies, Expenses, Dr 900Supplies, Current Assets, Cr 900 Prepaid Insurance, Expenses, Dr 1450Prepaid Insurance, Current Assets, Cr 1450Salaries Expenses, Dr 24000Salaries Payable, Current Liabilities, Cr 24000Deferred Revenue, Current Liabilities, Dr 2850Revenue, Cr 2850

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All three schools of economics have different perspectives on how to address income inequality, but there are some ideas from each that could be useful in reducing it.

Neoclassical economics focuses on the market, and argues that if markets are allowed to function freely without interference, resources will be allocated efficiently and everyone will benefit. However, this approach tends to overlook the fact that market outcomes can be influenced by power imbalances and other factors, which can lead to unequal distribution of resources.

Institutional economics emphasizes the role of institutions - such as laws, regulations, and social norms - in shaping economic outcomes. Institutional economists argue that policies that promote equality of opportunity, access to education and healthcare, and protections for workers' rights can help to reduce income inequality.

Post-Keynesian economics focuses on the role of government intervention in the economy. Post-Keynesians believe that government policies, such as progressive taxation, minimum wage laws, and social welfare programs, can help to reduce income inequality by redistributing wealth from those who have more to those who have less.

Overall, all three schools of economics offer important insights into addressing income inequality. However, institutional and post-Keynesian economics may be better suited to directly addressing the root causes of income inequality through public policy interventions.

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The strategic marketing element closest to tactical implementation is Marketing mix. Marketing mix is the foundation model for companies to identify their product or brand and drive sales. It includes four key components, known as the four P's of marketing: Product, Price, Place, and Promotion. These components work together to support an overall marketing strategy and are crucial for businesses to achieve their objectives and meet customer needs.

Explanation:In strategic marketing, businesses build and execute their overall marketing plan that includes identifying target audiences, setting goals and objectives, and developing a plan to meet those objectives. Meanwhile, tactical implementation is the actual execution of the plan, such as developing specific campaigns, creating ads, and managing social media accounts. Therefore, the strategic marketing element that's closest to tactical implementation is the marketing mix, which outlines the specific tactics and strategies used in each component of the mix.

The strategic marketing element that's closest to tactical implementation is the marketing mix. Marketing mix is the foundation model for companies to identify their product or brand and drive sales. It includes four key components, known as the four P's of marketing: Product, Price, Place, and Promotion. These components work together to support an overall marketing strategy and are crucial for businesses to achieve their objectives and meet customer needs. In strategic marketing, businesses build and execute their overall marketing plan that includes identifying target audiences, setting goals and objectives, and developing a plan to meet those objectives. Meanwhile, tactical implementation is the actual execution of the plan, such as developing specific campaigns, creating ads, and managing social media accounts.

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LKM is a company that is seeking to expand its reach into country Y. Before it does so, it needs to undertake strategic analysis. There are several benefits to doing this. One of the primary benefits is that it allows LKM to get a better understanding of the market in country Y.

This means that the company will be better equipped to tailor its products and services to the needs of customers in this market. Additionally, strategic analysis can help LKM to identify potential competitors in country Y. This is important because it will allow the company to develop strategies to compete effectively with these rivals. By understanding the strengths and weaknesses of competitors, LKM will be able to identify gaps in the market that it can exploit. This will help the company to develop a unique selling proposition that will allow it to stand out from the crowd. Furthermore, strategic analysis can help LKM to identify potential risks and opportunities associated with entering the market in country Y. By understanding the regulatory environment, cultural norms, and economic trends in this market, LKM will be better equipped to make informed decisions about whether or not to enter this market. Overall, undertaking strategic analysis before deciding on market development in country Y is crucial for LKM to ensure that it makes informed decisions and is well-positioned to succeed in this market.

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1) The entry to apply overhead results in a debit to the Factory Overhead account while the entry to record actual overhead results in a credit to the Factory Overhead account.

When overhead is applied, it is added to the Factory Overhead account as a debit.

However, when actual overhead costs are recorded, they are subtracted from the Factory Overhead account as a credit, resulting in a decrease in the account balance.

26) The overhead assigned to a product requiring 2.5 machine hours would be $141.67.

To calculate the overhead assigned, divide the total overhead costs ($4,250,250) by the total planned machine hours (75,000) and then multiply it by the machine hours required for the specific product (2.5).

27) The cost of goods manufactured for the year is $312,000.

Cost of Goods Manufactured (COGM) is calculated by adding the beginning Work-in-Process inventory to the direct materials used, direct labor costs, and applied overhead, and then subtracting the ending Work-in-Process inventory. In this case, COGM = $178,000 + $89,000 + $120,000 + $98,000 - $77,000.

28) Job No. XYZ would be allocated $127,500 of overhead.

Multiply the total direct labor costs ($170,000) by the predetermined overhead rate (75%) to calculate the overhead allocated to Job No. XYZ.

29) a) The amount of actual overhead incurred during the year is $120,650.

b) The amount of overhead applied during the year is $166,660.

c) Overhead was overapplied by $46,010.

a) Actual overhead is the sum of all overhead expense mentioned, which totals $120,650.

b) Overhead applied is calculated by multiplying the total direct labor costs ($150,600) by the overhead application rate (110%).

c) Overhead is overapplied when the applied amount exceeds the actual amount. In this case, it is overapplied by $46,010 ($166,660 - $120,650).

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