5. Sarasota Bicycles has been manufacturing its own wheels for its bikes. The company is currently operating at 100% capacity, and variable manufacturing overhead is charged to production at the rate of 30% of direct labor cost. The direct materials and direct labor cost per unit to make the wheels are $3.00 and $3.60 respectively. Normal production is 200,000 wheels per year. A supplier offers to make the wheels at a price of $8 each. If the bicycle company accepts this offer, all variable manufacturing costs will be eliminated, but the $84,000 of fixed manufacturing overhead currently being charged to the wheels will have to be absorbed by other products. Required: a. Prepare an incremental analysis for the decision to make or buy the wheels. b. Should Sarasota Bicycles buy the wheels from the outside supplier
Answers
Answer:
It is better to make the wheels
Explanation:
Sarasota Bicycles
Incremental Analysis
Make Buy
Direct materials $3.00
Direct labor $3.60
Variable OH (3.06*30%) 1.08
Total 7.68 8
Normal production 200,000 200,000
Total Costs 1536000 1600,000
Fixed Overheads 84,000 84,000
Total Costs 1620,000 1684,000
As fixed costs are irrelevant costs that would not change whether the company makes or buys wheels and the cost to make the wheels $7.08 is less than the cost to buy $ 8.0. It is better to make the wheels . Buying the wheels from the outside supplier is costly.
a. Incremental Analysis for making the wheels at Sarasota Bicycles is as follows:
Make Buy Differential
Alternative 1 Alternative 2 Cost
Relevant cost per unit $7.68 $8.00 $0.32 ($8.00 - $7.68)
Total cost $1,536,000 $1,600,000 $64,000 (200,000 x $0.32)
b. Sarasota should not buy the wheels from the outside supplier. It should continue to make them as it saves $64,000 per year from making the wheels.
Data and Calculations:
Direct materials cost per unit = $3.00
Direct labor cost per unit = $3.60
Variable manufacturing overhead = $1.08 ($3.60 x 30%)
Total variable cost per unit = $7.68
Number of wheels per year = 200,000
Outside Supplier's Price = $8 per unit
Thus, Sarasota Bicycles gains $64,000 by making the wheels instead of buying from the outside supplier.
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Related Questions
Why is it difficult to change real capital
Answers
Answer:
I don't know
Explanation:
can you help me with my question Enter the coordinates of the point on the unit circle at the given angle. 270° ([?], [ ] Enter
Real capital is defined as tangible resources, such as land, that are used in the creation of goods or services. Since the majority of them are fixed, it is exceedingly challenging to grow to their sizes.
What is economics?The term Economics is the study of scarcity and its inferences for the use of resources, manufacture of goods and services, growth of production and welfare over time, and a great diverseness of other complex issues of vital concern to society.
Economic skillfulness is important because it grants businesses to reduce their costs and change their output. For consumers, economic efficiency leads to lower prices for goods and services
Real capital, often known as real capital (economics) Non-financial capital, such as equipment for manufacturers, sewing machines for tailors, or shovels for gravediggers.
Therefore, By the difficulty, To change the real capital the physical tools that aid in the production of goods or services be there.
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Please answer the questions in the photo
Answers
2. The types of businesses that market their goods are businesses that would want to reach a larger consumer base for their products
The businesses that market goodsVarious types of businesses market goods and services. These businesses can be classified based on the nature of the products or services they offer, the target market they serve, or the way they sell their goods and services.
One way to classify businesses is by the products or services they offer, such as:
Consumer goods: These are products meant for personal or household use, such as clothing, electronics, or food. Examples of businesses that market consumer goods include Walmart, Best Buy, and McDonald's.
Business-to-business (B2B) goods: These are products or services that companies sell to other businesses. Examples include raw materials, office supplies, and consulting services. Businesses that market B2B goods include Staples, Accenture, and Grainger.
Services: These are non-tangible offerings, such as healthcare, education, or banking. Examples of businesses that market services include hospitals, universities, and Bank of America.
Another way to classify businesses is by the way they sell their goods or services, such as:
Brick-and-mortar: These are businesses with a physical location where customers can come to buy products or services. Examples include Target, Starbucks, and Home Depot.
E-commerce: These are businesses that sell products or services through the internet, such as Amazon, eBay, and Etsy.
Direct sales: These are businesses that sell products or services directly to consumers, often through home-based sales parties or personal consultations. Examples include Avon, Mary Kay, and Tupperware.
3. If you're interested in starting a retail business, here are some types of retailers and their pros and cons to consider:
Brick-and-mortar store: This is a traditional retail store with a physical location. Pros include the ability to offer a personalized shopping experience, the opportunity to connect with the local community, and the ability to display products for customers to see and touch. Cons include the high overhead costs of renting or owning a storefront, the need to hire and manage employees, and the risk of losing business to online competitors.
E-commerce store: This is a retail business that operates exclusively online. Pros include the ability to reach a wider customer base, the convenience of shopping from home, and the lower overhead costs of not needing a physical storefront. Cons include the need to invest in website design and development, the difficulty of standing out among competitors, and the challenges of managing shipping and returns.
Pop-up store: This is a temporary retail location that can be set up in various places, such as a mall or a street corner. Pros include the ability to test the market and experiment with different locations, the flexibility of not being tied to a long-term lease, and the opportunity to create buzz and excitement around the brand. Cons include the need to constantly move and set up shop, the challenges of finding a suitable location, and the risk of not generating enough revenue during the limited time period.
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1.) Name two alphabetic arrangements of subject records storage.
2.) Explain how the two arrangements are alike and how they differ?
Answers
Answer:
1.) An alphabetic listing of all subject titles used in the filing system
2.) Titles on the master index are used for filing and retrieving records
Chilly Moose Fruit Producer has a total asset turnover ratio of 6.00x, net annual sales of $40 million, and operating expenses of $18 million (including depreciation and amortization). On its balance sheet and income statement, respectively, it reported total debt of $1.75 million on which it pays a 7% interest rate. To analyze a company's financial leverage situation, you need to measure the firm's debt management ratios. Based on the preceding information, what are the values for Chilly Moose Fruit's debt management ratios? Value Ratio Debt ratio Times-interest-earned ratio Influenced by a firm's ability to make interest payments and pay back its debt, if all else is equal, creditors would prefer to give loans to companies with debt ratios.
Answers
Chilly Moose Fruit's debt ratio will be 0.26 , asset turnover ratio will be $ 6.67 million and interest payment 179. 59
Elaborating the problem:
Given : asset turnover ratio = 6
total sales = $ 40 million
operating expenses = $ 18 million
total debt = $ 1.75 million
interest rate = 7 %
Using the formula:
asset turnover ratio = \(\frac{total sales }{total asset}\)
6 = 40 / total asset
total asset = $ 6.67 million.
Total asset = total equity + debt
6.67 = equity + 1.75
equity = $ 4.92 million
Total sales 40
(-) Operating expenses 18
EBIT $ 22 million
Debt ratio = \(\frac{debt }{total asset}\)
= \(\frac{1.75 }{6.67}\) = 0.26
Time interest earned = \(\frac{EBIT}{interest expense}\)
= 22 ÷ ( 1.75 × 7%)
= 179 .59
Creditors would prefer to provide loan to the company at lower debt ratios .
Ratio of debt management:Debt management ratios show how much money is borrowed compared to the value of all assets and how much money is available to pay debts. The debt ratio and the times interest earned ratios make up two of its components.
What's the significance of the debt management ratio?A company's level of risk is indicated by its debt-to-equity ratio, which measures how risky its capital structure is. The ratio shows how much debt a company is using to run its business and how much financial leverage it has.
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Map the earliest start times for each activity to the resource demands over time. What are the earliest start times for each activity?
Answers
To map the earliest start times for each activity to the resource demands over time, you will have to use the critical path method (CPM) which is used for scheduling and managing complex projects.
The earliest start time is the earliest possible start time for an activity, assuming that all of its predecessors have been completed.
Here are the earliest start times for each activity:Activity A: ES = 0Activity B: ES = 3Activity C: ES = 4Activity D: ES = 4Activity E: ES = 7Activity F: ES = 10Activity G: ES = 11Activity H: ES = 15
The activity on the critical path are the ones with the smallest amount of slack, or the ones that if delayed will affect the project's completion date. In this case, the activities on the critical path are: A-B-D-G-H.
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Identify the "entities", "processes" and "Data Store" associated with the Data Flow Diagram as it pertains to the Training Program Requirements provided below. You are not required to create a Data Flow Diagram. Training Program Requirements: After conducting the annual performance review of the employee, the Manager identifies employee's training needs. The Manager assigns various trainings from the training catalog database that is available in the Learning Management System. The information related to the training needs are stored in the individual Employee's Training Record and periodically reviewed to assess the progress on training. During the course of the year, the employee attends various trainings identified by the Manager. The Employee's Training Record is updated as- and-when the employee completes trainings. There is a Master Training Record which stores information about all the employees' training activities , and is used by the HR Director to assess the overall training progress of all employees . When writing your response please type it as follows in bullet points: Entities: Processes : Data Store:
Answers
Answer:
Entities:
ManagerEmployeeHR DirectorProcesses:
Conducting annual performance reviewIdentifying employee training needsAssigning trainings from training catalog databaseStoring information in individual Employee's Training RecordReviewing individual Employee's Training Record to assess progress on trainingAttending trainingsUpdating Employee's Training Record when training is completedStoring information in Master Training RecordAssessing overall training progress of all employees using Master Training RecordData Store:
Training catalog databaseLearning Management SystemIndividual Employee's Training RecordMaster Training RecordThe following unadjusted trial balance contains the accounts and balances of Dylan Delivery Company as of December 31.
1. Use the following information about the company's adjustments to complete a 10-column work sheet.
a. Unrecorded depreciation on the trucks at the end of the year is $5,487.
b. Total amount of accrued interest expense at year-end is $8,000.
c. Cost of unused supplies still available at year-end is $600.
2a. Prepare the year-end closing entries for Dylan Delivery Company as of December 31.
2b. Determine the capital amount to be reported on its year-end balance sheet. Note: The S. Dylan, Capital account balance was
$241,318 on December 31 of the prior year.
Answers
Applying the knowledge of trial balance preparation for Dylan Delivery Company;
1a - c. See the attached 10-column worksheet labelled figure 1, for year end December 31st.
2a. See the closing entries as prepared on the attached worksheet labelled figure 2.
b. The capital account prepared to determine the adjusted capital of Dylan Delivery Company that should be reported at year end Dec. 31st is shown in figure 3.
The question deals with unadjusted trial balance of Dylan Delivery company.
A trial balance is a list of all balances remaining in the accounts of a company extracted at a particular date to ascertain the arithmetic accuracy of the company's books of accounts.
The trial balance must agree, (that is, a debit must be equal to credit). If it fails to agree, it means the trial balance does not agree.
Such trial balance is called unadjusted trial balance. Hence, the preparation of the following for Dylan Delivery Company:
the 10-column worksheetthe adjustment of the trial balance/preparation of the closing entriesdetermining the capital that should be reported at the year end, Dec. 31st.Therefore:
1a - c. See the attached 10-column worksheet labelled figure 1, for year end December 31st.
2a. See the closing entries as prepared on the attached worksheet labelled figure 2.
b. The capital account prepared to determine the adjusted capital of Dylan Delivery Company that should be reported at year end Dec. 31st is shown in figure 3.
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SELECT AN ORGANISATION OF YOUR CHIOCE.
1.1 SUMMARISE THE NATURE OF BUSINESS
1.2 SUMMARISE THE BUSINESS MODEL
1.3 WHAT ARE THE KEY BUSINESS DRIVERS
2.1 NATURE OF DECISION DESCRIBING WHAT DECISION NEEDED TO BE MADE AND WHY
2.2 SUMMARISE HOW WAS THE DECISION MADE
2.3 ANALYSE THE DECISION MADE AND DESCRIBE IF A QUALITATIVE OR QUANTITATIVE APPROACH WAS USED AND JUSTIFY YOUR RESPONSE
2.4CONFIRM WHY WAS THIS APPROACH TAKEN BY THE BUSINESS AND APPRAISE THIS APPROACH FROM RISK MODELLING PERSPECTIVE
3.1 USING THE SELECTED BUSINESS DECISION FROM ABOVE, IDENTIFY AT LEAST 5 RISKS THAT NEEDED TO BE CONSIDERED TO MAKE THE SAME
3.2 USING THE RISK REGISTER IN THE PREVIOUS SECTION, CONDUCT A QUALITATIVE RISK ANALYSIS FOR THESE 5 RISKS BY PROPOSING THE PROBABILITY OF OCCURRENCE AND IMPACT FOR EACH RISK
3.3 USING A MATRIX INCLUDED IN APPENDIX A, PLOT THE RISKS ON A HEAT MAP AND EXPLAIN WHAT THE MAP MEANS
4.1 USING THE REGISTER DERIVED IN QUESTION 3.1, CALCULATE THE AVERAGE IMPACT (EXPECTED MONETARY VALUE) USING AGGREGATION OF STATIC VALUES
4.2 SUMMARISE WHAT DOES THIS AVERAGE IMPACT VALUE MEANS FOR THE ORGANISATION
5.1 USING THE REGISTER FROM 3.1, CALCULATE THE 5 POSSIBLE EXPECTED MONETORY VALUES USING THE AGGREGATION OF THE RISK DRIVEN OCCURRENCES METHODOLOGY
5.2 DESCRIBE THE RESULT OF THIS METHODOLOGY USING AN APPROPRIATE DIAGRAM
5.3 SUMMARISE WHAT DOES THIS AVERAGE IMPACT VALUE MEANS FOR THE ORGANISATION
Answers
An organization that will be analyzed in this context is Coca-Cola.1.1 Summary of the nature of the business:Coca-Cola is one of the most well-known beverage manufacturers in the world. They create fizzy drinks, juices, and water for a variety of markets.
Their drink portfolio includes more than 200 brands sold in over 200 countries.1.2 Summary of the business model:Coca-Cola Company follows a business model based on creating strong brands that generate significant customer demand.
Their main goal is to build and enhance brand equity. They engage in extensive advertising and promotion campaigns to attract more consumers.1.3 What are the key business drivers:Coca-Cola's essential business drivers are its brand, extensive distribution network, market reach, product innovation, customer satisfaction, and product differentiation.2.1 Nature of decision describing what decision needed to be made and why:The business decision that was taken by Coca-Cola was regarding the selection of the right marketing mix, which is a critical decision.
This allowed them to gain valuable insights into how the consumers perceive their products, which they could use to develop targeted marketing strategies. From a risk modeling perspective, the approach is beneficial because it allows the company to minimize the risks by identifying the issues that consumers may face with their products.3.1 Using the selected business decision from above, identify at least 5 risks that needed to be considered to make the same:1. Competition from other beverage manufacturers2. Consumer preferences and behavior3. Changes in market trends4. Fluctuating economic conditions
5. Changing health and safety regulations3.2 Using the risk register in the previous section, conduct a qualitative risk analysis for these 5 risks by proposing the probability of occurrence and impact for each risk:The following table shows the qualitative risk analysis for the five risks that were identified:RiskProbabilityImpactCompetitionMediumHighConsumer preferences and behaviorHighHighChanges in market trendsLowHighFluctuating economic conditionsHighMediumChanging health and safety regulationsLowMedium3.3 Using a matrix included in Appendix A, plot the risks on a heat map and explain what the map means:The risks were plotted on a heat map, as shown below:The heat map shows that the competition and consumer preferences risks have a higher probability of occurrence and impact, while the changes in market trends and health and safety regulations have a lower probability of occurrence and impact.4.1 Using the register derived in question 3.1, calculate the average impact (expected monetary value) using aggregation of static values:
The five possible expected monetary values are calculated by multiplying the probability of each risk and the range of possible impacts.RiskProbabilityImpactRange of possible impactsExpected Monetary ValueCompetitionMedium$2,000,000-$4,000,000$1,200,000Consumer preferences and behaviorHigh$3,000,000-$5,000,000$3,000,000Changes in market trendsLow$1,000,000-$3,000,000$300,000Fluctuating economic conditionsHigh$1,000,000-$2,000,000$1,200,000Changing health and safety regulationsLow$500,000-$1,000,000$50,000Total Expected Monetary Value$5,750,0005.2 Describe the result of this methodology using an appropriate diagram:The following diagram shows the possible expected monetary values for the five risks:5.3 Summarize what does this average impact value mean for the organization:
The average impact value means that the Coca-Cola Company could potentially lose an estimated $5,750,000 due to the five risks that were identified. This value represents the range of possible impacts that the company may face, given the probability of occurrence of each risk. The company can use this information to identify the risk mitigation strategies that are required to minimize the impact of these risks.
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Diane owned a farm that she wanted to sell and ran an ad in the local newspaper. After George agreed to purchase the farm, Diane wrote him a letter saying that she would not sell it. He sued her to enforce the contract, and she raised the defense of the statute of frauds. The letter she had signed did not contain any of the terms of the sale. George, however, claimed that the newspaper ad could be combined with her letter to satisfy the statute of frauds. Was he correct?
Answers
mee la rspeuetapero se m etrbala la aptopss
As James markets his bike tires to sporting goods manufacturers, what trade credit terms would be the most favorable to him, not the manufacturers?
Multiple Choice
Net 60
Net 30
Net 15
2/10, Net 60
2/10, Net 30
Answers
The trade credit terms that would be the most favorable to James and not the manufactures is Net 30.
What are the most favorable credit terms?The most favorable credit terms to a supplier are those that would see the purchaser pay what they owe, as soon as possible. The most favorable to the purchaser are those where they can take a while to pay, and still get a good discount.
In this case, James is a supplier to the sporting goods manufacturers and so the most favorable credit terms to him would be those with the shortest number of days which is Net 30.
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which of the following internet-based marketing research methods is most liley to raise an ethical issue regarding the users right to privacy
Answers
The following internet-based marketing research methods is most liley to raise an ethical issue regarding the users right to privacy is cookies.
Legally, the proper of privacy is a fundamental regulation which includes: The proper of persons to be free from unwarranted publicity. Unwarranted appropriation of one's character. Publicizing one's non-public affairs with out a valid public situation.
The proper to privacy is an detail of numerous prison traditions that intends to restrain governmental and private actions that threaten the privateness of people. Over a hundred and fifty country wide constitutions mention the proper to privateness.
Privateness gives us the power to pick out our mind and feelings and who we share them with. privacy protects our facts we do not need shared publicly (which includes health or non-public price range). privacy allows guard our bodily safety (if our real time location facts is private).
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An entrepreneur might use _____ in the very early stages of a start-up.
friends and family
self-financing
investors
loans
Answers
:)))))
Answer:
An entrepreneur might use Friends and family/Investors in the very early stages of a start-up.
Explanation:
Edge 2021-2022
Which of the following markets is an example of monopolistic competition?
Answers
Answer: The restaurant industry
Explanation:
Answer:A new pizza shop promotes a unique new flavor of ice cream
Buying a home achieves which two financial goals at the same time?
a. Providing a place to live, paying for your college expenses
b. Providing a place to live, paying off your consumer debt
c. Providing a place to live, investing for the future
d. Providing a place to live, bringing you great happiness
Answers
Explanation: If you buy a house you one now have a place to live and two are setting yourself up for the future.
Landmark Corp. buys $300,000 of Schroeter Company's 8% five-year bonds payable at par value on September 1. Interest payments are made semiannually.
Landmark plans to hold the bonds for the five year life.
The journal entry to record the purchase should include:__________.
A) A debit to Long-Term Investments-AFS $300,000.
B) A debit to Short-Term Investments-Trading $300,000.
C) A debit to Long-Term Investments-HTM $300,000.
D) A debit to Short-Term Investments-AFS $300,000.
E) A debit to Cash $300,000.
Answers
Answer: A debit to Long-Term Investments-HTM $300,000
Explanation:
A journal entry is the act of making records of the transactions that takes place and such transactions typically shows the debit and credit balance of the company.
From the question, we are informed that Landmark Corp. buys $300,000 of Schroeter Company's 8% five-year bonds payable at par value on September 1. Interest payments are made semiannually and that Landmark plans to hold the bonds for the five year life.
The journal entry to record the purchase should include a debit to Long-Term Investments-HTM $300,000.
Match the methods to monitor on-floor selling activity and sales effectiveness to the scenario that portrays them.
Answers
Monitoring on-floor selling activity and sales effectiveness can be done through various methods that help retailers make informed decisions about their store's performance.
Here are some methods for monitoring on-floor selling activity and sales effectiveness:1. Mystery shoppingThis is where retailers hire a third-party to pose as a customer and visit the store to evaluate the level of service and sales effectiveness. Mystery shoppers can be used to evaluate different areas of the store, such as customer service, product knowledge, and sales techniques. The results can be used to identify areas of weakness and opportunities for improvement.2. Point of sale data analysisThis involves analyzing sales data collected at the checkout. This method can provide insights into sales trends, popular products, and the effectiveness of promotions and sales strategies. Retailers can use this data to make informed decisions about their store's inventory and pricing.3. In-store camerasInstalling cameras on the sales floor can help retailers monitor customer behavior, such as how long they spend in a particular area and which products they are looking at. Retailers can use this information to improve store layout and product placement.4. Customer feedback forms Retailers can use feedback forms to gather information about customers' experiences in the store.
This can include questions about the level of service, product availability, and overall satisfaction. Retailers can use this information to identify areas of improvement and make changes to the store's operations.5. Sales tracking softwareRetailers can use sales tracking software to monitor sales performance and set sales goals. This software can provide real-time updates on sales data and identify areas of strength and weakness. Retailers can use this information to make informed decisions about their store's operations and sales strategies.In conclusion, retailers can use different methods to monitor on-floor selling activity and sales effectiveness. These methods include mystery shopping, point of sale data analysis, in-store cameras, customer feedback forms, and sales tracking software. The choice of method will depend on the retailer's goals and the specific areas they want to evaluate.
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Delicious Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, $1,500 May 5: Received and paid electricity bill, $190 May 9: Received cash for meals served to customers, $2,400 May 14: Paid cash for kitchen equipment, $2,500 May 23: Served a banquet on account, $2,000 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $1,700 May 31: Recorded depreciation for May on kitchen equipment, $340
Answers
Question Completion:
If Delicious Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign.
Answer:
Delicious Catering
Using the Accrual method, Delicious Catering would have recorded for the month a net income of $1,670.
Explanation:
Data and Calculations:
Prepaid Rent for 3 months = $1,500
Rent expense for the month = $500 ($1,500/3)
Utilities expense = $190
Service Revenue:
Cash for meals = $2,400
Credit 2,000
Total $4,400
Salary Expense = !,700
Depreciation expense = $340
Kitchen Equipment = $2,500
Income Statement for the month of May:
Service Revenue $4,400
Expenses:
Rent $500
Utilities expense 190
Salary expense 1,700
Depreciation expense 340
Total expenses $2,730
Net Income $1,670
QUESTION 11
Whether targeting consumers or resellers, marketers need to focus on:
O Buying center synergy.
O Corporate profit sharing
O Reducing derived demand
O Creating value for their customers
Answers
Marketers need to focus on creating value for their customers. The Option D.
Why is creating value for customers crucial for marketers?Creating value for customers is crucial for marketers as it directly impacts customer satisfaction and loyalty. When marketers prioritize creating value, they focus on understanding customer needs and preferences, developing products or services that meet those needs and delivering exceptional customer experiences.
By doing so, they differentiate themselves from competitors, build strong customer relationships and drive business growth. When customers perceive value in what a company offers, they are more likely to make repeat purchases.
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A selection model in which an applicant moves on to the next stage in the process on the condition that she or he satisfies a score criterion on previous parts of the process is referred to as a _____ model. Group of answer choices
Answers
Answer:
multiple hurdle
Explanation:
The term is described in the question is known as a multiple hurdle model. In this specific approach, the individual applying needs to pass each step in the selection process in order to continue to the next one. Failure at any of the steps results in an automatic disqualification of the applicant from further consideration. Each step needs to be passed by meeting the minimum score that has been pre-set before starting the step.
Drag each label to the correct location on the image.
Match the responsibilities to the relevant personnel of an insurance company.
Answers
A claims representative is an individual who works for an insurance company.
A claims adjuster is an individual who works for an insurance company. Their primary role is to investigate, evaluate, and settle insurance claims on behalf of the insurance company.
Some of the functions and roles of a claims representative and claims adjuster in an insurance company are common like closing a claim or making calculations.
Some are exclusive to one like inspecting the accident site and making report of how much claim has to be paid, these are exclusive to a claims adjuster working in insurance company
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Mr. A and mr. B have the following respective demands: Pa=25−5Q Pb=11−Q a. Graph them on separate graphs. b. Mr. A has no X while mr. B has 10 X. What are their marginal and total values at these quantities? Using either method discussed in the chapter, how much each will have after trade? What will be their marginal values at these quantities?
Answers
Values at the margin after a trade:
The additional value derived from consuming one more unit of the product is known as the marginal value. For Mr. A, the minor worth of X is zero after exchange since he will sell it free of charge. Because Mr. B is willing to pay up to $6 for the subsequent unit of X, the marginal value of X for him is $6.
What is Marginal Values?Marginal values are the cost or value added by producing or using an additional unit of a product or service. The change that occurs as a result of a small incremental increase or decrease in a particular variable is referred to as "marginal" in economics.
For instance, a product's marginal value is the additional value that a consumer obtains from consuming one more unit of that product. Similarly, a producer's marginal cost of production is the additional cost of producing one more unit of a product.
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Suppose that Rajiv, an economist from a research institute in Texas, and Simone, an economist from a public television program, are arguing over government bailouts. The following dialogue shows an excerpt from their debate:
Simone: Thanks to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days.
Rajiv: Indeed, it's gotten crazy! A government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets.
Simone: I don't know about that. Without a bailout of severely distressed financial firms, the economy will experience a deep recession.
The disagreement between these economists is most likely due todifferences in scientific judgments .
Despite their differences, with which proposition are two economists chosen at random most likely to agree?
Business managers can raise profit more easily by reducing costs than by raising revenue.
Employers should not be restricted from outsourcing work to foreign nations.
Central banks should focus more on maintaining low unemployment than on maintaining low inflation.
Answers
Employers should not be restricted from outsourcing work to foreign nations.
The proposition are two economists chosen at random most likely to agree: Employers should not be restricted from outsourcing work to foreign nations.
What do you mean by outsourcing?Outsourcing is known to be a kind of an agreement where a single firm tends to hires another firm to be solely responsible for a given planned or existing activity.
Note that Outsourcing is seen as the a business practice where a firm hires a third-party to carry out functions and as such, Employers should not be restricted from outsourcing work to foreign nations. The proposition are two economists chosen at random most likely to agree: Employers should not be restricted from outsourcing work to foreign nations.
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A MAIN reason cited by American businesses for outsourcing jobs to other countries is the high cost of
A. labor in the United States.
B. building factories.
С. training new workers.
D. shipping products around the world.
Answers
Answer:
The correct answer is A. A main reason cited by American businesses for outsourcing jobs to other countries is the high cost of labor in the United States.
Explanation:
Outsourcing means separating from the organizational structure of the enterprise some functions performed by them independently and transferring them to other entities for execution. This decentralization process is very evident in American companies that produce manufactured goods, which place the primary production processes in other countries such as China, Mexico or Vietnam, among others, to produce their products at a lower cost, given the lower costs. labor (lower wages, lower taxes, less expensive regulations, etc.).
Answer:
The answer is A for E2020
Explanation:
Just took the Exam
he financial statements of Denison Furniture Company include the following items: 2019 2018 Cash $53,500 $53,000 Short-term Investments 29,000 15,000 Net Accounts Receivable 92,000 105,000 Merchandise Inventory 162,000 142,000 Total Assets 532,000 551,000 Total Current Liabilities 235,000 215,000 Long-term Note Payable 62,000 60,000 What is the 2019 cash ratio? (Round your answer to two decimal places)
Answers
Answer:
The cash ratio is calculated by dividing cash and short-term investments by current liabilities.
Cash ratio for 2019 = (53,500 + 29,000) / 235,000 = 0.39
Rounding to two decimal places, the 2019 cash ratio is 0.39.
Explanation:
If the order is accepted, by how much will monthly profits increase or decrease? (The order would not change the company’s total fixed costs.) Show and label all computations using words and numbers to explain the steps please (final answer should be incremental profits)
Answers
If the Superior Company accepts the special order, monthly profits will increase by $2,500.
By how much will monthly profits increase or decrease if order is accepted?To determine the impact on monthly profits, we need to calculate the contribution margin per unit on the special order.
Contribution margin per unit = Selling price per unit - Variable costs per unit
= $15 - ($2.50 + $3.00 + $0.50 + $1.50)
= $7.50
The contribution margin ratio is 50% ($7.50 / $15).
The fixed costs are $4.25 + $2.00 = $6.25 per unit.
If the company accepts the special order, it will produce and sell an additional 2,000 units.
Total contribution margin from the special order:
= 2,000 units x $7.50 per unit
= $15,000
Since the order would not affect regular sales, the company's total fixed costs will remain the same. Therefore, the increase in monthly profits would be:
Increase in monthly profits = Total contribution margin from the special order - Incremental fixed costs
= $15,000 - ($6.25 x 2,000)
= $2,500.
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PLC Ltd. found the following debts to be bad on the dates shown
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The acronym PLC, which stands for a public limited company, indicates that the firm's shares are publicly traded. It is the British equivalent of "Inc." in the United States.
What is PLC?In the United Kingdom, a public limited company (PLC) is a type of public business. PLC is the counterpart of a publicly listed firm in the United States that uses the Inc. or corporation classification. The inclusion of the PLC acronym following a business's name is required, and it informs investors and anybody interacting with the firm that it is a publicly listed corporation. PLC, which stands for a public limited company, is an acronym for public corporations in the United Kingdom.
PLCs make up the majority of the firms listed on the London Stock Exchange. A PLC shares can be purchased by any regular investor. Unlike privately held companies, public companies are required to publish financial data and disclosures to the public on a regular basis.
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What is wrong with this sentence? The report applies to western Europe, where people are interested in these exports.
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The issue with the sentence is that : The sentence is grammatically correct, but it is unclear what "these exports" refer to
What is wrong with this sentence?The sentence is grammatically correct, but it is unclear what "these exports" refer to. To improve clarity, the sentence should be revised to provide more context or specificity about the exports in question.
For example: "The report applies to western Europe, where people are interested in buying cars from Japanese manufacturers."
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Claudia and Giada own an online store that sells wall clocks. From an operations perspective, the clocks they build
are
O outputs.
O intangible resources
O processes.
O inputs
O equipment
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Based on the type of business they run, we can infer that the wall clocks are outputs.
Operations involve:
Inputs - materials and labor used to produce goods and services Equipment - help the labor produce Outputs - these are the final products of the production processThe wall clocks are sold by Claudia and Giada and so can be referred to as the final product of their business. This means that the wall clocks are therefore outputs.
In conclusion, the wall clocks are output.
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Lowering the unemployment rate affects a country by:
Answers
Answer:The answer is a
Explanation: did the assignment
Answer:
Increase productivity
Explanation:
Lowering unemployment rate increases productivity and raises the standard of living of citizens in the country.
price elasticity of demand for electricity
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The price elasticity of demand for electricity reflects the sensitivity of electricity consumption to price changes.
The price elasticity of demand for electricity is a measure of the responsiveness of electricity consumption to changes in its price. It is calculated as the percentage change in quantity demanded divided by the percentage change in price.
Understanding the price elasticity of demand for electricity is important for policymakers, electricity providers, and regulators in making informed decisions.
In the short run, the price elasticity of demand for electricity tends to be relatively low or inelastic. This means that changes in the price of electricity have a relatively small effect on the quantity demanded.
Electricity is considered a necessary and essential good for many households and businesses, and there are limited substitutes available in the short run.
In the long run, the price elasticity of demand for electricity becomes more elastic. Consumers and businesses have more flexibility to respond to price changes by adjusting their behavior, investing in energy-efficient technologies, or switching to alternative energy sources.
The availability of substitutes and technological advancements play a significant role in increasing the elasticity of demand over time.
It is important to note that the price elasticity of demand for electricity can vary across different consumer segments and regions. Industrial and commercial consumers often have more options to adjust their electricity consumption patterns and tend to have a higher elasticity of demand.
Residential consumers, on the other hand, may have fewer alternatives and exhibit a lower elasticity of demand.
It helps policymakers and stakeholders anticipate the impact of price fluctuations and design effective policies related to pricing structures, subsidies, energy efficiency programs, and the promotion of renewable energy sources.
Understanding the price elasticity of demand for electricity is crucial for balancing economic, environmental, and social goals in the energy sector.
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