The marginal cost (MC) curve intersects the average cost (AC) curve at the minimum because the AC curve shows the cost per unit of output.
In other words, it shows how much it costs, on average, to produce a single unit of output.The AC curve is derived by dividing the total cost (TC) by the quantity of output (Q).
On the other hand, the MC curve represents the additional cost of producing one more unit of output.In the short run, a firm can adjust its production in response to changes in demand. When demand increases, the firm can increase its production to meet the demand.
However, this comes at a cost as additional resources (such as labor and materials) must be used to produce the additional units of output.The marginal cost curve slopes upward because the cost of producing an additional unit of output increases as more and more units are produced.
This is due to diminishing returns, where each additional unit of output requires more and more resources to produce.As production increases, the MC curve intersects the AC curve at its minimum point. This is because the AC curve is U-shaped, with costs decreasing initially due to economies of scale and then increasing due to diminishing returns.
The intersection point represents the optimal level of production where the firm is producing at the lowest possible average cost per unit of output. Any deviation from this level would result in higher costs per unit of output.
The intersection point of the MC and AC curves is the point at which the cost of producing an additional unit of output is equal to the average cost of producing that unit of output. Hence, the MC curve intersects the AC curve at the minimum.
Learn more about AC curve here https://brainly.com/question/33639588
#SPJ11
It is possible when net profit for the year is 100 mln. USD and cash balance at year end is close to zero. TRUE FALSE
FALSE. It is not possible for the net profit for the year to be 100 million USD while the cash balance at the year-end is close to zero.
Net profit represents the difference between total revenue and total expenses, while the cash balance represents the amount of cash available at a specific point in time.
If the net profit for the year is 100 million USD, it means that the company has generated a positive financial result after accounting for all expenses. However, the cash balance at the year-end could be affected by various factors such as cash inflows from sales, cash outflows for expenses, investments, or debt repayments.
To have a cash balance close to zero at the year-end, the company would need to have significant cash outflows that offset the net profit generated during the year. This could be due to factors like large investments, debt repayments, or high operating expenses. Therefore, it is not possible for the net profit to be 100 million USD while the cash balance at the year-end is close to zero.
learn more about profit here
https://brainly.com/question/32381738
#SPJ11
Use the T-account ledger below. a. Prepare January 31 closing entries in a journal and post them to the ledger. b. Calculate the final balance on January 31 in the A. Holmes, Capital account. A. Holmes, Capital 300 501 Auto Expense 1.000 Jan. 31 60 000 Jan. 31 General Expense 502 A. Holmes, Drawings 301 3.000 Jan. 31 3 000 Income Summary 302 Rent Expense 503 Jan. 31 5 000 Sales 400 Salaries Expense 504 Jan. 31 45 000 Jan. 31 24 000 Jan. 31 Jan. 31 Advertising Expense 500 2000
The closing entries and the final balance in the A. Holmes, Capital account:
Dr. Income Summary 60,000
Cr. A. Holmes, Capital 60,000
Dr. A. Holmes, Drawings 3,000
Cr. Income Summary 3,000
Final balance in A. Holmes, Capital = 57,000
The closing entries for January 31 are as follows:
Dr. Income Summary 60,000 Cr. A. Holmes, Capital 60,000
This entry is to transfer the net income of $60,000 from the Income Summary account to the A. Holmes, Capital account.
Dr. A. Holmes, Drawings 3,000 Cr. Income Summary 3,000
This entry is to transfer the drawings of $3,000 from the Income Summary account to the A. Holmes, Drawings account.
The final balance in the A. Holmes, Capital account is calculated as follows:
Initial balance in A. Holmes, Capital + Net income - Drawings = Final balance in A. Holmes, Capital
60,000 + 60,000 - 3,000 = 57,000
Therefore, the final balance in the A. Holmes, Capital account is $57,000.
Learn more about balance here: brainly.com/question/28699225
#SPJ11
As a well-known airport planner, you have just received a proposal from the Ministry of Transportation to evaluate between a Satellite and a Multiple Terminal concept for a newly planned International airport. Explain the advantages and the disadvantages of both concepts in order to assist the Ministry in its decision making process.
Instruction : Make in point only.
Advantages of a Satellite Terminal Concept: Simplified Operations, Efficient Use of Space
Simplified Operations: A satellite terminal allows for a centralized approach, consolidating all passenger services and facilities in one location. This simplifies airport operations, making it easier to manage and coordinate activities.
Efficient Use of Space: Satellite terminals can be designed with flexible layouts, allowing for efficient use of space and scalability. They can be expanded or reconfigured as per future needs, accommodating changes in passenger traffic and airline requirements.
Enhanced Passenger Experience: With all services and amenities located in one terminal, passengers can enjoy a seamless travel experience. It reduces the need for long walks or transfers between terminals, minimizing travel time and improving convenience.
Disadvantages of a Satellite Terminal Concept:
Transportation Challenges: A satellite terminal may require additional transportation infrastructure, such as shuttle services or automated people movers, to connect it with the main terminal or other facilities. This can pose logistical challenges and increase costs.
Limited Terminal-to-Terminal Connectivity: In a satellite terminal concept, the distance between the main terminal and satellite terminals can be significant. This may result in limited connectivity between terminals, affecting passenger transfers and inter-airline operations.
Higher Initial Investment: Constructing a satellite terminal involves higher initial investment compared to multiple terminals. The need for a larger building, additional infrastructure, and systems integration can increase project costs.
know more about Satellite Terminal Concept here:
https://brainly.com/question/14659010
#SPJ11
Suppose a company incurs the following costs: labor, $1,200; equipment, $300; and materials, $200. The compary owns the bullding. so it doesn't have to pay the usual $900 in rent. Instructions: Enter your responses as a whole numbet a. What is the total accounting cost? \$) b. What is the total economic cost? 5 c. If the company sold the bullding and then leased it back, what would be the change in (0) accounting costs? 5 (ii) economic costs? $
final answer is Change in accounting costs: $1,800 and Change in economic costs: -$900
a. To calculate the total accounting cost, we add up the costs of labor, equipment, and materials. Total accounting cost = labor cost + equipment cost + materials cost
Total accounting cost = $1,200 + $300 + $200
Total accounting cost = $1,700
Therefore, the total accounting cost is $1,700.
b. The total economic cost includes all explicit costs and implicit costs. Explicit costs are the actual expenses incurred, while implicit costs represent the opportunity cost of using the resources elsewhere.
In this case, the explicit costs are the labor cost, equipment cost, and materials cost, which amount to $1,200 + $300 + $200 = $1,700 (the same as the accounting cost).
Since there is no information provided about any additional implicit costs, we can assume there are none. Therefore, the total economic cost is also $1,700.
c. If the company sold the building and then leased it back, there would be a change in costs. Let's analyze the changes separately for accounting costs and economic costs:
(i) Change in accounting costs: Since the company owns the building, not paying rent results in savings of $900. If they sell the building and lease it back, they would have to pay rent, resulting in an additional expense of $900. Therefore, the change in accounting costs would be $900 - (-$900) = $1,800.
(ii) Change in economic costs: Economic costs take into account both explicit and implicit costs. Since the company owns the building, there is an implicit cost associated with not renting it out to another party. By selling the building and leasing it back, the company would forego this implicit cost, resulting in a reduction of $900. Therefore, the change in economic costs would be -$900.
To summarize:
(i) Change in accounting costs: $1,800
(ii) Change in economic costs: -$900
learn more about company here :
https://brainly.com/question/30532251
#SPJ11
Planet Corporation acquired 90 percent of Saturn Company's voting shares of stock in 20×1. During 20X4, Planet purchased 52,000 Playday doghouses for $26 each and sold 37,000 of them to Saturn for $32 each. Saturn sold all of the doghouses to retail establishments prior to December 31,20×4, for $47 each. Both companies use perpetual inventory systems. Required: a. Prepare the journal entries Planet recorded for the purchase of inventory and resale to Saturn Company in 20×4. b. Prepare the journal entries Saturn recorded for the purchase of inventory and resale to retail establishments in 20×4.
c. Prepare the worksheet consolidation entry(ies) needed in preparing consolidated financial statements for 20×4 to remove all effects of the intercompany sale.
Journal entries for the purchase of inventory and resale to Saturn Company in 20×4:The inventory purchase of 52,000 Play day doghouses for $26 each by Planet is recorded with this entry.
Inventory (52,000 * $26) = $1,352,000Accounts Payable = $1,352,000The inventory resale of 37,000 Play day doghouses for $32 each by Planet to Saturn is recorded with this entry. Journal entries Saturn recorded for the purchase of inventory and resale to retail establishments.
Worksheet consolidation entry needed in preparing consolidated financial statements for 20×4 to remove all effects of the inter company sale:In the worksheet, the inter company sale must be eliminated to prepare consolidated financial statements.
To know more inventory visit:
https://brainly.com/question/31146932
#SJP11
The three different perspectives on financial statement analysis are those of the:
A. manager, regulator, and bondholder.
B. manager, shareholder, and creditor.
C. regulator, shareholder, and creditor.
D. shareholder, creditor, and regulator.
The three different perspectives on financial statement analysis are those of the manager, shareholder, and creditor. option c is the answer.
A. Manager Perspective: The primary purpose of financial statements is to provide relevant and accurate information about a company's financial performance. A manager will be interested in financial statements because they help in making business decisions. It is the responsibility of the management to ensure that the financial statements are accurate and comply with accounting standards. Shareholder Perspective: Shareholders are investors who invest in a company with the expectation of earning a profit. Shareholders would be interested in the company's financial performance. The financial statements provide a picture of the company's financial performance, which helps the shareholders in making investment decisions. Shareholders are interested in the company's profitability and return on investment. Creditor Perspective: A creditor is an entity that lends money to the company. Creditors would like to ensure that the company can repay the loan. They would be interested in the company's liquidity and solvency position. They would also be interested in the company's cash flows and financial ratios, which would indicate whether the company has the ability to repay the loan.The three different perspectives on financial statement analysis are essential because they represent different parties who have an interest in the company. They use financial statements to make business decisions. The financial statements should provide relevant and accurate information about the company's financial performance.
know more about financial statement
https://brainly.com/question/14020548
#SPJ11
It is a psychological indicator of the difference in the return
on bonds between blue-chip companies and non-poor companies, and if
the B ratio increases, it means the time of purchase. What is
B?
It is a psychological indicator of the difference in the return
on bonds between blue-chip companies and non-poor companies, and if
the B ratio increases, it means the time of purchase.
The information you provided seems to be incomplete or may contain errors. The term "B ratio" is not a commonly used financial or economic indicator. Additionally, the statement about the B ratio increasing indicating the time of purchase is unclear and does not align with standard financial concepts.
If you could provide more context or clarify the terms and concepts you are referring to, I would be happy to assist you further in understanding the indicators or ratios relevant to your question.
To learn more about purchase :
https://brainly.com/question/32412874
#SPJ11
At the University of Unity, you can sign up to pay P 105,000 now, or over a 10 -year period, for the right to buy top seats for Unity games during the next 30 years. In return, the seats themselves will stay locked in at current-year prices. Season game tickets in tier 1 are currently selling for P350 each. A BBN fanatic plans to purchase the mortgage along with a current-season ticket and pay for both now, then buy a ticket each year for the next 30 years. What is the total present worth of the pricing plan at an interest rate of 10% per year?
The total present worth of the pricing plan at an interest rate of 10% per year is P196,983.26.Calculation:First, we have to compute the price of a ticket per game by using this formula:$$Ticket price= Present value of the mortgage+ Present value of 30-year game tickets$$To compute the Present Value (PV), we have to use this formula:$$PV= FV(1+r)^{-n}$$where FV= Future Value, r= interest rate and n= number of years. For this computation, let FV = P1.0 since we only need to find the PV.Then, we have to solve for PV of the mortgage which is P 105,000 payable over a 10-year period with 10% interest per year. Applying the formula above, we have:$$PV=105000(1+0.10)^{-10}$$$$PV=38,573.10$$Therefore, the PV of the mortgage is P 38,573.10.Also, we need to compute the PV of 30-year game tickets. To do this, we have to consider an annuity. Then, using the annuity formula below:$$PV= \frac{PMT}{r} \left[ 1-\frac{1}{(1+r)^n} \right]$$where PMT= payment, r= interest rate and n= number of years. For this computation, let PMT = P 350 and n = 30. Then, solve for PV. Hence, we have:$$PV= \frac{350}{0.10} \left[ 1-\frac{1}{(1+0.10)^{30}} \right]$$$$PV= \frac{350}{0.10} \left[ 1-0.02019 \right]$$$$PV= 65,410.47$$Therefore, the PV of 30-year game tickets is P 65,410.47. Thus, substituting these values to the first formula above, we have:$$Ticket price= 38,573.10 + 65,410.47$$$$Ticket price= P 103,983.57$$Therefore, a ticket price per game costs P 103,983.57.Next, we have to compute the Total Present Worth (TPW) of the pricing plan. To do this, we need to use this formula:$$TPW= \frac{PMT}{r} \left[ 1-\frac{1}{(1+r)^n} \right]$$where PMT= payment, r= interest rate and n= number of years. For this computation, let PMT = P 103,983.57 and n = 30. Then, solve for TPW. Hence, we have:$$TPW= \frac{103983.57}{0.10} \left[ 1-\frac{1}{(1+0.10)^{30}} \right]$$$$TPW= 196983.26$$Therefore, the total present worth of the pricing plan at an interest rate of 10% per year is P 196,983.26.
To know more about interest visit:
https://brainly.com/question/1040694
#SPJ11
Harris store is financed with 48 percent debt and the rest equity. It therefore has a leveraged beta of 1.7 and is subject to a 35% corporate tax rate. What is Bori's unleverged beta?
Round answer to two decimals.
To find Bori's unleveraged beta, we need to use the formula for the unleveraged beta:
Unleveraged Beta = Leveraged Beta / (1 + (1 - Tax Rate) * Debt/Equity Ratio)
Given:
Leveraged Beta = 1.7
Tax Rate = 35%
Debt/Equity Ratio = 48%/52% = 0.923
Substituting the values into the formula, we get:
Unleveraged Beta = 1.7 / (1 + (1 - 0.35) * 0.923)
Calculating the value:
Unleveraged Beta = 1.7 / (1 + (0.65) * 0.923) ≈ 1.35
Therefore, Bori's unleveraged beta is approximately 1.35.
learn more about beta here:
brainly.com/question/30883208
#SPJ11
explain how a liberal and conservative would approach developing the us budget.
Liberals and conservatives have different priorities when it comes to developing the US budget. While liberals focus on social welfare programs, conservatives focus on economic growth and supporting businesses.
In the US political arena, liberals and conservatives have different views when it comes to developing a budget. Liberals are those who support social welfare programs, and they believe in using government money to support such programs.
On the other hand, conservatives believe in using government resources to create economic growth and support businesses. A budget is a critical document that outlines the federal government's priorities, and it is created through a lengthy process that involves numerous stakeholders. This essay will explore how liberals and conservatives would approach developing the US budget.
A liberal approach to the budget would typically involve focusing on social welfare programs such as healthcare, education, and housing. Liberals argue that these programs are essential in promoting equality and ensuring that everyone has an equal opportunity to succeed.
They believe that government funds should be used to provide universal healthcare coverage, increase access to education, and provide affordable housing.
Conservatives, on the other hand, focus on economic growth and supporting businesses. They believe that reducing taxes and regulations will stimulate economic growth, which will, in turn, increase revenue for the government. Conservatives argue that businesses should have more freedom to operate and that this will create jobs and stimulate economic activity.
In summary, liberals and conservatives have different priorities when it comes to developing the US budget. While liberals focus on social welfare programs, conservatives focus on economic growth and supporting businesses.
Both approaches have their merits, and the budget must balance both priorities to ensure that the government meets the needs of all its citizens. A balanced approach is essential to creating a budget that works for everyone.
Learn more about stakeholders here,
https://brainly.com/question/15532995
#SPJ11
Open Part B - Decision-Making Tools spreadsheet templates. Input the revenue and cost information for 2013-2015 from Micro Tiles’ financial statements into Template 2 (Break-Even Analysis using the PV ratio). Based on this information and break-even planning assumptions, what are the company’s break-even points for the years 2013, 2014 and 2015? How much sales revenue should Micro Tiles have to sell in 2015 in order to reach a $300,000, $350,000, and $400,000 before-tax profit objective? Open Part B - Decision-Making Tools spreadsheet Templates. Based on the monthly cost breakdown and by using Template 7 (Monthly Cash Budget),
To determine the break-even points for Micro Tiles in 2013, 2014, and 2015 using the PV ratio, you would need the revenue and cost information for each year.
The formula for calculating the break-even point using the PV ratio is: Break-even Point = Fixed Costs / (1 - (Variable Costs / Revenue))
Based on the provided revenue and cost information for each year, you can calculate the break-even points using this formula in Template 2 of the Decision-Making Tools spreadsheet.
To calculate the sales revenue needed in 2015 to reach specific before-tax profit objectives of $300,000, $350,000, and $400,000, you can use the formula:
Required Sales Revenue = (Fixed Costs + Target Profit) / (1 - (Variable Costs / Revenue))
Again, you would input the relevant information into Template 2 and adjust the target profit to calculate the required sales revenue for each objective.
For the monthly cash budget using Template 7, you would need the monthly cost breakdown for Micro Tiles. You can input the monthly costs, including fixed costs and variable costs, to calculate the monthly cash budget and analyze the company's cash inflows and outflows.
Please ensure you have the necessary financial statements and data available to input into the spreadsheet templates to perform these calculations accurately.
Learn more about revenue here
https://brainly.com/question/14510611
#SPJ11
Maintaining an inventory of supplies helps a business to: A) establish sales goals. B) operate efficiently. C) locate vendors. D) evaluate processes.
Maintaining an inventory of supplies helps a business to operate efficiently. Option B is correct.
Having a well-managed inventory allows businesses to streamline their operations, reduce costs, and meet customer demands effectively. By keeping track of supplies and their availability, businesses can avoid stockouts and ensure timely replenishment. This leads to smoother production processes, improved order fulfillment, and reduced downtime.
Additionally, maintaining an inventory enables businesses to optimize their storage space, minimize waste, and make informed decisions regarding purchasing and production. Overall, an efficient inventory management system contributes to better resource allocation, improved customer satisfaction, and increased profitability.
Know more about inventory here:
https://brainly.com/question/31146932
#SPJ11
Do you have other real-world examples of how the
demand for a final product/service has increased the demand for a
resource used to produce that product/service?
Answer:
Certainly! Here are a few real-world examples of how the demand for a final product or service has increased the demand for a resource used in its production:
1. Electric Vehicles and Lithium: The growing demand for electric vehicles (EVs) has increased the demand for lithium, a key resource used in the production of lithium-ion batteries. As more consumers switch to EVs, the need for lithium as a crucial component of these batteries has surged, leading to increased demand for lithium mining and extraction.
2. Smartphones and Rare Earth Elements: Smartphones have become an integral part of our lives, and they rely on rare earth elements (such as neodymium, dysprosium, and praseodymium) for various components, including screens, speakers, and batteries. As the demand for smartphones has risen globally, so has the demand for rare earth elements, which are crucial in their production.
3. Renewable Energy and Solar Panels: The increasing demand for renewable energy, particularly solar power, has boosted the demand for solar panels. Solar panels require materials like silicon, silver, and aluminum. As more individuals, businesses, and governments invest in solar energy, the demand for these resources has also increased due to the need for their incorporation into solar panel manufacturing.
4. Streaming Services and Internet Bandwidth: The rise of streaming services like Netflix, Amazon Prime Video, and Disney+ has led to a significant increase in internet bandwidth demand. As more people stream video content online, the need for faster and more reliable internet connections has grown, driving the demand for the resources required to expand and upgrade internet infrastructure.
These examples demonstrate how the demand for a final product or service can create a ripple effect, increasing the demand for specific resources used in their production or facilitation.
If Umdioti Trader's required rate of return on equal-risk investments is 18%, should the proposed increase in the discount offered (from 2% to 3%) be made?
The decision to implement the proposed increase in the discount offered should be based on a thorough evaluation of the potential effects on Umdioti Trader's profitability, financial stability, and ability to meet its required rate of return.
To determine whether Umdioti Trader should make the proposed increase in the discount offered, we need to assess its impact on the required rate of return.
Currently, Umdioti Trader's required rate of return is 18%. The required rate of return represents the minimum return investors expect to receive on their investments to compensate for the level of risk involved.
If the discount offered is increased from 2% to 3%, it means that customers will receive a higher reduction in price for the products or services offered. This discount may affect the profitability and financial performance of Umdioti Trader.
To evaluate the impact of the increased discount on the required rate of return, Umdioti Trader needs to consider factors such as the cost structure, profit margins, and overall financial viability of the business. If the increased discount significantly reduces profitability and jeopardizes the company's ability to meet its required rate of return, it may not be advisable to implement the increase.
On the other hand, if the increased discount leads to a boost in sales volume, market share, or customer loyalty, it could result in long-term benefits for the company. Umdioti Trader should carefully analyze the potential impact on its financials and weigh the short-term versus long-term implications.
To know more about profitability refer here:
https://brainly.com/question/30641835#
#SPJ11
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's products, a football helmet for the North American market, requires a special plastic. During the quarter ending June 30, the company manufactured 3,900 helmets. using 2,379 kilograms of plastic. The plastic cost the company $20,459. According to the standard cost card, each helmet should require 0.54 kilograms of plastic, at a cost of $9.00 per kilogram Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,900 helmets? 2. What is the standard materials cost allowed (SQ SP) to make 3,900 helmets? 3. What is the materials spending variance?
4. What is the materials price variance and the materials quantity variance? (For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) 1. Standard quantity of kilograms allowed ________ _______
2. Standard cost allowed for actual output ________ _______
3. Materials spending variance ________ _______
4. Materials price variance ________ _______
4. Materials quantity variance ________ _______
The standard quantity of kilograms of plastic (SQ) allowed to make 3,900 helmets is 2,106 kilograms. The standard materials cost allowed (SQ SP) to make 3,900 helmets is $18,954.
The standard quantity of kilograms of plastic (SQ) allowed to make 3,900 helmets is calculated by multiplying the number of helmets (3,900) by the standard quantity of plastic per helmet (0.54 kilograms). Thus, the standard quantity allowed is 3,900 * 0.54 = 2,106 kilograms. The standard materials cost allowed (SQ SP) is obtained by multiplying the standard quantity allowed (2,106 kilograms) by the standard price per kilogram of plastic ($9.00). Therefore, the standard materials cost allowed is 2,106 * $9.00 = $18,954.
The materials spending variance is calculated by subtracting the standard materials cost allowed from the actual materials cost incurred. In this case, the variance is $20,459 - $18,954 = $1,505 unfavorable. This indicates that the actual materials cost exceeded the standard materials cost allowed. The materials price variance is determined by multiplying the actual quantity of plastic used (2,379 kilograms) by the difference between the actual price per kilogram and the standard price per kilogram. The variance in this case is 2,379 * ($20,459 - $9.00) = $2,555 unfavorable, indicating that the actual price paid for the plastic was higher than the standard price.
The materials quantity variance is calculated by multiplying the difference between the actual quantity used and the standard quantity allowed (2,379 - 2,106) by the standard price per kilogram ($9.00). The variance in this case is ($9.00) * (2,379 - 2,106) = $1,050 favorable. This suggests that the company used fewer kilograms of plastic than expected to produce the helmets, resulting in cost savings. In summary, the standard quantity of plastic allowed to make 3,900 helmets is 2,106 kilograms, and the standard materials cost allowed is $18,954. The company incurred a materials spending variance of $1,505 unfavorable. The materials price variance is $2,555 unfavorable, and the materials quantity variance is $1,050 favorable.
Learn more about price variance here
https://brainly.com/question/32176641
#SPJ11
Come-Clean Corporation produces a variety of cleaning compounds and solutions for both industrial and household use. While most of its products are processed independently, a few are related, such as the company's Grit 337 and its Sparkle silver polish. Grit 337 is a coarse cleaning powder with many industrial uses. It costs $1.60 a pound to make, and it has a selling price of $2.60 a pound. A small portion of the annual production of Grit 337 is retained in the factory for further processing. It is combined with several other ingredients to form a paste that is marketed as Sparkle silver polish. The silver polish sells for $4.00 per jar. This further processing requires one-fourth pound of Grit 337 per jar of silver polish. The additional direct variable costs involved in the processing of a jar of silver polish are: Overhead costs associated with processing the silver polish are: The production supervisor has no duties other than to oversee production of the silver polish. The mixing equipment is specialpurpose equipment acquired specifically to produce the silver polish. It can produce up to 4,500 jars of polish per month. Its resale value is negligible and it does not wear out through use. Advertising costs for the silver polish total $3,800 per month. Variable selling costs associated with the silver polish are 5% of sales. Due to a recent decline in the demand for silver polish, the company is wondering whether its continued production is advisable. The sales manager feels that it would be more profitable to sell all of the Grit 337 as a cleaning powder. Required: 1. How much incremental revenue does the company earn per jar of polish by further processing Grit 337 rather than selling it as a cleaning powder? (Round your answer to 2 decimal places.) 2. How much incremental contribution margin does the company earn per jar of polish by further processing Grit 337 rather than selling it as a cleaning powder? (Round your intermediate calculations and final answer to 2 decimal places.) 3. How many jars of silver polish must be sold each month to exactly offset the avoidable fixed costs incurred to produce and sell the polish? (Round your intermediate calculations to 2 decimal places.) 4. If the company sells 8,600 jars of polish, what is the financial advantage (disadvantage) of choosing to further process Grit 337 rather than selling it as a cleaning powder? (Enter any "disadvantages" as a negative value. Round your intermediate calculations to 2 decimal places.) 5. If the company sells 11,900 jars of polish, what is the financial advantage (disadvantage) of choosing to further process Grit 337 rather than selling is as a cleaning powder? (Enter any "disadvantages" as a negative value. Round your intermediate calculations to 2 decimal places.)
To answer your questions, we will calculate the incremental revenue, incremental contribution margin, number of jars of silver polish to offset avoidable fixed costs, and the financial advantage/disadvantage of further processing Grit 337.
Let's go step by step.
Incremental revenue per jar of polish:The additional revenue earned per jar of polish by further processing Grit 337 is the selling price of silver polish minus the cost of Grit 337 used to produce it.Selling price of silver polish = $4.00 per jarCost of Grit 337 used per jar = 1/4 pound x $1.60 per pound = $0.40Incremental revenue per jar of polish = Selling price of silver polish - Cost of Grit 337 used per jar= $4.00 - $0.40; = $3.60Incremental contribution margin per jar of polish:
The incremental contribution margin per jar of polish is the incremental revenue per jar minus the additional direct variable costs associated with processing the silver polish.Additional direct variable costs associated with processing = Overhead costs associated with processing the silver polish+ Production supervisor's salary+ Variable selling costs (5% of sales)= Unknown values provided in the questionAs the question does not provide the values for the overhead costs, production supervisor's salary, and variable selling costs, we cannot calculate the incremental contribution margin without this information.
A number of jars of silver polish to offset avoidable fixed costs:
To calculate the number of jars of silver polish required to offset avoidable fixed costs. We need to divide the avoidable fixed costs by the incremental contribution margin per jar.However, as we do not have the incremental contribution margin per jar, we cannot calculate this value without additional information.
Financial advantage (disadvantage) of further processing Grit 337:To calculate the financial advantage (disadvantage) of further processing Grit 337, we need the incremental contribution margin per jar. As this information is missing, we cannot calculate the financial advantage (disadvantage) without additional data.
Financial advantage (disadvantage) of further processing Grit 337:Similar to question 4, we need the incremental contribution margin per jar to calculate the financial advantage (disadvantage) of further processing Grit 337. As the required information is missing, we cannot provide the answer without additional data.
To learn more about contribution margin, visit here
https://brainly.com/question/29674918
#SPJ11
Assume that one of the polls conducted by the United Medical and Mucho County staff revealed the following results: Employees disengaged was 37% higher, staff absenteeism was 49%, and there were 40% more accidents and 60% more errors on the job. Over time, this translated into 18% lower productivity, 16% lower profitability, 37% lower job growth, and 65% lower share price. This type of behavior impacts the entire organization and must be corrected accordingly. What organizational problem fixing approach is most beneficial in addressing these issues?
The most beneficial organizational problem-fixing approach for addressing issues like disengagement, absenteeism, accidents, errors, lower productivity, profitability, job growth, and share price is a comprehensive strategy focused on improving employee engagement, leadership development, performance management, training, safety, communication, and incentives.
This approach should prioritize the following:
Employee Engagement: Implement strategies to enhance employee engagement, such as providing opportunities for skill development, fostering a positive work environment, promoting work-life balance, recognizing and rewarding employee contributions, and encouraging open communication and feedback channels.Leadership Development: Invest in leadership development programs to equip managers with the necessary skills to effectively lead and inspire their teams. Strong leadership is crucial in creating a supportive and engaging work culture.Performance Management: Establish clear performance expectations, goals, and metrics. Implement regular performance evaluations and provide constructive feedback to help employees improve and grow. Identify and address any barriers or challenges that hinder performance.Training and Development: Offer ongoing training and development programs to enhance employee skills and knowledge. This can include technical training, soft skills development, and opportunities for career advancement.Safety and Risk Management: Implement robust safety protocols, training, and measures to minimize accidents and errors. Foster a safety-conscious culture where employees are encouraged to report near misses, provide suggestions for improvements, and actively participate in creating a safe work environment.Communication and Collaboration: Foster effective communication and collaboration across the organization. Encourage teamwork, knowledge sharing, and cross-functional collaboration to improve productivity and reduce errors.Performance Incentives: Consider implementing performance-based incentives and rewards to motivate employees and reinforce desired behaviors and outcomes.By adopting this comprehensive approach, organizations can address the underlying issues of disengagement, absenteeism, accidents, errors, and their subsequent negative impacts. It promotes a culture of employee well-being, continuous improvement, and accountability, leading to higher productivity, profitability, job growth, and shareholder value.
Learn more about Effective communication: https://brainly.com/question/26152499
#SPJ11
Dubai Airlines, has determined that the second plane took 16,000 hours to produce. Using an 85% learning curve and a $40-per-hour labor charge, he wants to determine the cost of the six additional planes. Time required for the sixth unit = 12,367 hours (round your response to the nearest whole number). Cost of the sixth unit = ______dollars (round your response to the nearest whole number).
The Cost of the sixth unit is 82,446.67dollars.
To find the cost of the sixth unit we have to calculate the total cost of six units and divide the cost by 6 to get the cost of the sixth unit.
Cost of the second unit:
Let us assume that cost of the second unit is 100x (base price)
Number of hours required to build the second unit = 16,000
Since the learning curve percentage is 85%,Therefore the time required to build the first unit = (100/85)^0.19 × 16,000 = 7,336.37 hours
To find the unit cost after 16,000 hours, we use the learning curve formula for cumulative average time (Tn): Tn = k(N^b)
Where, Tn = Cumulative average time to produce the Nth unit, k = Time for the first unit, N = Number of units, b = log (1/0.85) / log (2) = 0.459152N2 = 2T2 = 16,000 hours
16,000 = k(2^0.459152)k = 16,000 / 1.4142 = 11,313.71 hours
Using k we can find the total time (T) required to build six units.T6 = 11,313.71 × (6^0.459152)T6 = 31,786.68 hours, Cost of producing six units.
The total cost of six units is the sum of the individual unit costs.
Cost of producing 2 units = 100xCost of producing 4 units = Cost of producing 2 units + Cost of producing 2nd unit of the third and fourth units
Cost of producing 4 units = 100x + 85% of 100x = 185xCost of producing 6 units = Cost of producing 4 units + Cost of producing 2nd unit of the fifth and sixth units.
Cost of producing 6 units = 185x + 85% of 85x = 300.25x
We are given that the time required to build the sixth unit is 12,367.
Therefore, T6 = 12,367
Cost of 1 hour of labor = $40
Total labor charge= 12,367 × $40 = $494,680
Therefore, the cost of the sixth unit is: $494,680/6 = $82,446.67
Answer: $82,446.67.
To learn more about Learning Curve visit:
https://brainly.com/question/33146349
#SPJ11
Which one of the following options about the function MATCH is accurate? Statement 1: MATCH function returns the value given its position in an array. Statement 2: MATCH function returns position given the value in an array. Statement 1 is true, and statement 2 is false. Both statement 1 and statement 2 are true. Statement 1 is false, and statement 2 is true. Both statement 1 and statement 2 are false.
Statement 1 is false, as the MATCH function does not return the value itself. However, statement 2 is true, as the MATCH function returns the position of a value in an array.
Statement 1: MATCH function returns the value given its position in an array.
This statement is false. The MATCH function in Excel or other spreadsheet programs is used to search for a specified value in a range of cells and return its relative position. It does not return the actual value itself. For example, if you have a column of numbers and you want to find the position of a specific number within that column, you can use the MATCH function to determine the relative position of that number in the array.
Statement 2: MATCH function returns position given the value in an array.
This statement is true. The MATCH function is primarily used to find the position of a specified value within an array. When you provide the value you want to search for as an argument to the MATCH function, it scans the array and returns the relative position of the first occurrence of that value. This position can be used for various purposes, such as retrieving the corresponding value from another column or performing further calculations.
Learn more about spreadsheet programs here:
https://brainly.com/question/30458965
#SPJ11
Refer to the following merchandising transactions for Scout Systems.
Nov. 1 Scout Systems purchases merchandise for 85,40 on credit with terms of 3/10, n/30. 5 Scout Systems pays for the previous purchase. 7 Scout Systems receives payment for returned defective merchandise of $700 that was purchased on Novenmber 1 . 10 Scout systems pays \$500 to transport merchandise to its stare. 13 Scout Systems sells merchandise for $7,500 on account. The cost of the merchandise was $5,200, 16 A customer returns merchandise from the November 13 transaction. The returned item sold for $1, 300 and cost $830. The Iten will be returned to inventory. a. Journalize the above transactions for Scout Systems assuming a periodic system. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) b. Journalize the above transactions for Scout Systems assuming a perpetual system.
a. Journal entries for Scout Systems assuming a periodic system:
On November 1:
Merchandise Inventory is debited for $85,400.
Accounts Payable is credited for $85,400.
On November 5:
Accounts Payable is debited for $85,400.
Cash is debited for $83,009.
Purchase Discounts is credited for $2,391.
On November 7:
Cash is debited for $700.
Sales Returns and Allowances is credited for $700.
On November 10:
Delivery Expense is debited for $500.
Cash is credited for $500.
On November 13:
Accounts Receivable is debited for $7,500.
Sales is credited for $7,500.
Cost of Goods Sold is debited for $5,200.
Merchandise Inventory is credited for $5,200.
On November 16:
Sales Returns and Allowances is debited for $1,300.
Accounts Receivable is credited for $1,300.
Merchandise Inventory is debited for $830.
Cost of Goods Sold is credited for $830.
b. Journal entries for Scout Systems assuming a perpetual system:
On November 1:
Merchandise Inventory is debited for $85,400.
Accounts Payable is credited for $85,400.
On November 5:
Accounts Payable is debited for $85,400.
Cash is debited for $83,009.
Merchandise Inventory is credited for $2,391.
On November 7:
Cash is debited for $700.
Sales Returns and Allowances is credited for $700.
On November 10:
Delivery Expense is debited for $500.
Cash is credited for $500.
On November 13:
Accounts Receivable is debited for $7,500.
Sales is credited for $7,500.
Cost of Goods Sold is debited for $5,200.
Merchandise Inventory is credited for $5,200.
On November 16:
Accounts Receivable is debited for $1,300.
Sales Returns and Allowances is credited for $1,300.
Merchandise Inventory is debited for $830.
Cost of Goods Sold is credited for $830.
Learn more about perpetual system: https://brainly.com/question/30780206
#SPJ11
What are the advantages/disadvantages of preserving The CEMEX
Way model in the integration of Rinker?
It is crucial for the integration process to strike a balance between preserving the core principles of The CEMEX Way model and adapting it to the specific needs and characteristics of Rinker.
Advantages of Preserving The CEMEX Way Model in the Integration of Rinker:
Consistency and Alignment: Preserving The CEMEX Way model in the integration of Rinker allows for consistency in operating practices, management approaches, and company culture.
Best Practices and Knowledge Transfer: The CEMEX Way model represents a set of best practices and proven strategies that have contributed to CEMEX's success.
Disadvantages of Preserving The CEMEX Way Model in the Integration of Rinker:
Cultural Differences: Rinker and CEMEX may have different organizational cultures, management styles, and ways of doing business.
Flexibility and Adaptability: The CEMEX Way model may have been developed to suit CEMEX's specific context and market conditions.
Learn more about CEMEX here:
https://brainly.com/question/15000258
#JSP11
Use a multi-level sort. Sort on city in descending alphabetical order and then on price in ascending order. The price for the first record is ? O$ 92,000 O $ 85,373 $534,692 None of the above
The price for the first record is $534,692.
To sort the data in a multi-level sort, we first need to sort by city in descending alphabetical order. This means that the city with the highest alphabetical value will be at the top of the list, followed by the city with the second highest alphabetical value, and so on. Once the data is sorted by city, we then need to sort by price in ascending order. This means that the record with the lowest price will be at the top of the list, followed by the record with the second lowest price, and so on.
In this case, the first record in the list will be the record with the highest city value and the lowest price. This record is for a house in San Francisco, which has the highest alphabetical value of any city in the list. The price of this house is $534,692, which is the lowest price in the list. Therefore, the answer to your question is $534,692.
Learn more about record here: brainly.com/question/32878808
#SPJ11
matching supply with demand: an introduction to operations management
Matching supply with demand is a fundamental aspect of operations management. It involves aligning the production or availability of goods and services with customer needs and preferences.
This ensures that the right quantity of products is produced or made available at the right time, in the right place, and at the right price. Effective supply-demand matching helps businesses optimize resources, minimize inventory costs, enhance customer satisfaction, and improve overall operational efficiency.
In operations management, matching supply with demand refers to the strategic process of synchronizing the production or availability of goods and services with customer requirements. It involves analyzing and forecasting customer demand patterns, understanding market dynamics, and aligning production capacity accordingly. By doing so, businesses can optimize their resources, reduce excess inventory, and avoid stockouts or shortages. Effective supply-demand matching enables companies to meet customer expectations, improve customer satisfaction, and enhance overall operational efficiency. It is a crucial aspect of operations management for achieving business success.
Learn more about customer here:
https://brainly.com/question/31192428
#SPJ11
Case Study 3: Party Control of Congress and Policy Change, 1994-2018:
Did the results of the 2008, 2014, and 2018 congressional elections really presage a period of policy change in a different direction? And how do you think the relationship between Congress and The House will affect policy change over the next two years? Support your answer with clear evidence.
The 2008, 2014, and 2018 congressional elections did indeed presage a period of policy change in a different direction. The results of these elections represented a shift in power in Congress,
with the Democrats taking control in 2008 and 2014, and the Republicans taking control in 2018. These shifts in power had a significant impact on the policies that were enacted during those periods of policy. The relationship between Congress and the House will affect policy change over the next two years.
The relationship between Congress and the House has been strained over the past few years, with the Democrats taking control of the House in 2018 and the Republicans retaining control of the Senate. This has led to a great deal of gridlock and a lack of progress on important policy issues.
However, with the Democrats now controlling both the House and the Senate, there is an opportunity for greater cooperation and collaboration between the two bodies of Congress, which could lead to significant policy changes over the next two years.There is clear evidence to support this view. For example, in 2021, the House passed a $1.9 trillion COVID-19 relief package that included direct payments to Americans, funding for state and local governments, and funding for vaccine distribution.
This bill was later passed by the Senate and signed into law by President Biden, demonstrating the power of the House to enact significant policy changes. Additionally, there is significant support among Democrats in Congress for other important policy changes, such as infrastructure spending, climate change action, and immigration reform.
Overall, it seems likely that the relationship between Congress and the House will have a significant impact on policy change over the next two years, with the potential for significant progress on important policy issues.
To know more about congressional elections refer here:
https://brainly.com/question/28289395#
#SPJ11
. Sangli Steel has a current stock price of Rs.65. For the past year, the company had net profit of Rs. 7.4 million, shareholder funds of Rs. 32.45 million, and 3.6 million shares of stock outstanding. What is the market-to-book ratio? a. Rs. 4.21 b. Rs. 5.21 c. Rs. 6.21 d. Rs. 7.21
The market-to-book ratio is approximately 7.21. The correct option is d. Rs. 7.21.
To calculate the market-to-book ratio, we need to determine the book value of the company's equity and then divide it by the market value of equity.
Book Value of Equity = Shareholder Funds / Number of Shares
Market Value of Equity = Stock Price * Number of Shares
Given:
Net Profit = Rs. 7.4 million
Shareholder Funds = Rs. 32.45 million
Number of Shares = 3.6 million
Stock Price = Rs. 65
Book Value of Equity = 32.45 million / 3.6 million
Book Value of Equity = Rs. 9.0139 per share
Market Value of Equity = Rs. 65 * 3.6 million
Market Value of Equity = Rs. 234 million
Market-to-Book Ratio = Market Value of Equity / Book Value of Equity
Market-to-Book Ratio = 234 million / (9.0139 per share * 3.6 million)
Market-to-Book Ratio = 234 million / 32.45 million
Market-to-Book Ratio ≈ 7.21
Therefore, the market-to-book ratio is approximately 7.21. The correct option is d. Rs. 7.21.
Learn more about Shareholder here:
https://brainly.com/question/28346351
#SPJ11
A corporation reported cash of $27,200, total assets of $462,000, and current liabilities of $158,330 on its balance sheet. Its common-size percent for cash equals: Multiple Choice 16.99%. 1699.00% 5.89% 100.00% 5.89%. 100.00% 58.90%.
Option C is the correct answer. The corporation's common-size percentage for cash equals 5.89%.
Given, The corporation reported cash = $27,200Total assets = $462,000Current liabilities = $158,330To calculate the common-size percentage for cash, divide cash by total assets and then multiply by 100.$$Common\ size\ percent\ of\ cash=\frac{Cash}{Total\ assets}\times 100$$Substitute the given values into the above formula.$$Common\ size\ percent\ of\ cash=\frac{27,200}{462,000}\times 100$$Simplify the expression.$$Common\ size\ percent\ of\ cash=0.0589\times 100$$The common-size percentage for cash equals 5.89%. Therefore, option C is the correct answer.
learn more about cash
https://brainly.com/question/29734254
#SPJ11
(Algo) Applying Overhead; Journal Entries; T-accounts [LO3-1, LO3-2] Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and applies overhead cost to jobs on the basis of machine-hours. At the beginning of the year, the company used a cost formula to estimate that it would incur $4,260,000 in manufacturing overhead cost at an activity level of 568,000 machine-hours. The company spent the entire month of January working on a large order for 12,700 custom-made machined parts. The company had no work in process at the beginning of January. Cost data relating to January follow: a. Raw materials purchased on account, $315,000. b. Raw materials used in production, $265,000 (80\% direct materials and 20% indirect materials). c. Labor cost accrued in the factory, $159,000 (one-third direct labor and two-thirds indirect labor). d. Depreciation recorded on factory equipment, $62,400. e. Other manufacturing overhead costs incurred on account, $85,900. f. Manufacturing overhead cost was applied to production on the basis of 40.670 machine-hours actually worked during the month. 9. The completed job for 12,700 custom-made machined parts was moved into the finished goods warehouse on January 31 to await. delivery to the customer. (in computing the dollar amount for this entry, remember that the cost of a completed job consists of direct materials, direct labor, and applied overheed.) Required: 1. Prepare journal entries to record items (a) through (7) above (ignore item (g) for the moment) 2. Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant items from your journat entries to these Taccounts. 3. Prepare a journal entry for item (g) above. 4. If 10.100 of the custom made machined parts are shipped to the customer in February, how much of this job's cost will be included in cost of goods sold for February?
The cost data includes raw material purchases, labor costs, depreciation, manufacturing overhead costs, and the application of overhead based on machine-hours. $249,979 job's cost will be included in cost of goods sold for February
1. Journal entries:
a. Raw materials purchased on account: Debit Raw Materials Inventory for $315,000 and credit Accounts Payable for the same amount.
b. Raw materials used in production: Debit Work in Process Inventory for $212,000 (80% of $265,000) and debit Manufacturing Overhead for $53,000 (20% of $265,000). Credit Raw Materials Inventory for $265,000.
c. Labor cost accrued in the factory: Debit Work in Process Inventory for $53,000 (1/3 of $159,000) and debit Manufacturing Overhead for $106,000 (2/3 of $159,000). Credit Salaries and Wages Payable for $159,000.
d. Depreciation recorded on factory equipment: Debit Manufacturing Overhead for $62,400 and credit Accumulated Depreciation for the same amount.
e. Other manufacturing overhead costs incurred on account: Debit Manufacturing Overhead for $85,900 and credit Accounts Payable for the same amount.
f. Application of manufacturing overhead: Debit Work in Process Inventory for $165,785 (40,670 machine-hours * predetermined overhead rate) and credit Manufacturing Overhead for the same amount.
2. T-Accounts:
Manufacturing Overhead: Debit $307,085 (62,400 + 85,900 + 165,785) and credit $0.
Work in Process: Debit $431,785 (212,000 + 53,000 + 165,785) and credit $0.
3. Journal entry for item (g): Debit Finished Goods Inventory for the cost of the completed job (direct materials + direct labor + applied overhead) and credit Work in Process Inventory for the same amount.
4. To calculate the cost of goods sold for February, we need to determine the total cost of the job and then calculate the cost per part. First, we calculate the total manufacturing cost by adding the direct materials, direct labor, and applied overhead. The direct materials cost is 80% of $265,000, which is $212,000. The direct labor cost is one-third of $159,000, which is $53,000. The applied overhead is calculated by multiplying the actual machine-hours worked (40,670) by the predetermined overhead rate ($4,260,000 divided by 568,000 machine-hours), which is $32,050.
Therefore, the total manufacturing cost is $212,000 + $53,000 + $32,050 = $297,050. To calculate the cost per part, we divide the total manufacturing cost by the total number of parts (12,700), which gives us $297,050 divided by 12,700 = $23.37 per part. Since only 10,700 parts are shipped in February, the cost of goods sold for February will be $23.37 multiplied by 10,700, which equals $249,979.
Learn more about labor costs here:
https://brainly.com/question/27873323
#SPJ11
1. Consider the "circular flow" diagram for our economy. Explain
what each of its components mean and how that detailed model of
"incomes" and "expenditures" provides a foundation for econ
The "circular flow" diagram shows how money and goods flow between households and firms in the product and factor markets. It demonstrates the interdependence of components and the role of government in the economy.
The "circular flow" diagram for our economy shows how money and goods flow between households and firms. It consists of two main components: the product market and the factor market.
In the product market, households purchase goods and services from firms, and firms receive revenue in exchange for these goods and services. This is represented by the flow of money from households to firms in exchange for goods and services.
In the factor market, firms purchase factors of production such as labor, land, and capital from households, and households receive income in exchange for these factors. This is represented by the flow of money from firms to households in exchange for factors of production.
The circular flow diagram demonstrates how the economy is a system of interdependent parts where each component relies on the other. It provides a foundation for economics by showing how the production, distribution, and consumption of goods and services are connected to the income earned by households and the costs incurred by firms. The diagram also highlights the role of government, which can intervene in the economy by imposing taxes, providing subsidies, and regulating markets. Understanding the circular flow of the economy is essential for analyzing economic behavior and developing policies that promote economic growth and stability.
know more about circular growth here: brainly.com/question/1433471
#SPJ11
Oscar Mayer Bologna recently announced a new product - the Oscar Mayer Bologna Hydrogel Sheet Face Mask. Oscar Mayer's new product in the skin-care category would be best described as: Co-Branding Brand Re-Positioning Family Branding Brand Stretching
Oscar Mayer's new product in the skin-care category would be best described as brand stretching.
Brand Stretching is a process in which a company leverages its brand name to introduce new products in the market. A company with a strong brand name that is well-established in the market may be able to capitalize on this brand name recognition to launch products that may be quite different from its traditional products. By associating its brand name with new product categories, a company can reduce the amount of money that it would have to spend on advertising and promotions to gain market recognition for the new products.Oscar Mayer is a well-known meat company that has launched a new product in the skin-care category: the Oscar Mayer Bologna Hydrogel Sheet Face Mask. Therefore, it can be concluded that this product would be best described as brand stretching.
To know more about brand stretching visit:
https://brainly.com/question/32871150
#SPJ11
In the post-pandemic, the unemployment rate is still HIGH. Explain why this could happen.
The high post-pandemic unemployment rate could be due to long-term changes in the business landscape, including accelerated automation and digitization, and the permanent closure of many businesses.
It might also be influenced by shifts in global supply chains and changes in worker skills demands. The COVID-19 pandemic expedited a shift towards automation and digital solutions, leaving many previously relevant skills obsolete. Many businesses, especially small ones, permanently closed due to economic hardship, reducing job availability. Meanwhile, changes in supply chains and labor market demands may have further displaced workers. As a result, despite the pandemic's end, unemployment remains high as economies adapt to a transformed marketplace.
Learn more about COVID-19 pandemic here:
https://brainly.com/question/30627329
#SPJ11
