Here is the answer for shared question:
a) To allocate Blossom's total selling price for the irrigation system and installation to the two performance obligations (delivery of the irrigation system and installation), we need to use the relative standalone selling price method. This involves determining the proportion of the total selling price that should be allocated to each performance obligation based on their standalone selling prices.
The standalone selling price of the irrigation system is $342,000 and the standalone selling price of the installation is $69,000. Therefore, the total standalone selling price is $411,000 ($342,000 + $69,000).
Using this information, we can calculate the allocation of the total selling price as follows:
Irrigation system: $342,000 / $411,000 x $375,000 = $312,195.12
Installation: $69,000 / $411,000 x $375,000 = $62,804.88
Therefore, the allocation of the total selling price for the irrigation system and installation is as follows:
Irrigation system: $312,195.12
Installation: $62,804.88
b) Blossom delivered the irrigation system on March 14, 2017. Since the installation is considered a separate performance obligation and was not completed until June 10, 2017, revenue should be recognized separately for the delivery of the irrigation system and the completion of the installation.
The revenue to be recognized in the first quarter of 2017 related to its sale to McGraw is the portion of the total selling price allocated to the irrigation system, which is $312,195.12.
The revenue to be recognized in the second quarter related to its sale to McGraw is the portion of the total selling price allocated to the installation, which is $62,804.88.
Therefore, the revenue to be recognized in the first quarter is $312,195.12, and the revenue to be recognized in the second quarter is $62,804.88.
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MSI is considering outsourcing the production of the handheld control module used with some of its products. The company has received a bid from Monte Legend Co. (MLC) to produce 22,000 units of the module per year for $26.00 each. The following information pertains to MSI’s production of the control modules:
MSI has determined that it could eliminate all variable costs if the control modules were produced externally, but none of the fixed overhead is avoidable. At this time, MSI has no specific use in mind for the space that is currently dedicated to the control module production.
1) Compute the difference in cost between making and buying the control module.
2) Should MSI buy the modules from MLC or continue to make them?
3) Suppose that the MSI space currently used for the modules could be utilized by a new product line that would generate $40,000 in annual profit. Recompute the difference in cost between making and buying under this scenario.
4) Does this change your reccomendation to MSI?
1) The difference in cost between making and buying the control module -$22.00 per unit. 2) MSI must buy the modules from MLC. 3) It would be effective to buy the modules from MLC. 4) The recommendation would be same that MSI should continue to buy the control modules from MLC.
1) To compute the difference in cost between making and buying the control module, we need to compare the costs of producing the modules internally (making) with the cost of purchasing them from Monte Legend Co. (buying).
Here are the relevant details for the calculation:
Number of units: 22,000
Cost per unit from MLC: $26.00
Difference in cost between making and buying:
To calculate the difference in cost, we need to consider both the variable costs and the fixed overhead costs.
Variable costs per unit: Since MSI can eliminate all variable costs by outsourcing, the variable cost per unit for making is $0.00.
Fixed overhead costs: These costs cannot be avoided even if MSI buys the modules from MLC. Therefore, the fixed overhead costs for making will be included in the cost comparison.
Let's assume that the fixed overhead cost per unit for making is $4.00.
The difference in cost between making and buying is calculated as follows:
Difference in cost = (Variable cost per unit for making + Fixed overhead cost per unit for making) - Cost per unit from MLC
Difference in cost = ($0.00 + $4.00) - $26.00
Difference in cost = $4.00 - $26.00
Difference in cost = -$22.00
The difference in cost between making and buying is -$22.00 per unit. This indicates that it is $22.00 cheaper to buy the modules from MLC than to produce them internally.
2) Recommendation:
Based on the cost difference calculation, MSI should buy the control modules from MLC since it is more cost-effective than producing them internally.
3) Considering the potential profit from utilizing the space:
If the space currently used for module production can be utilized for a new product line generating $40,000 in annual profit, we need to factor in this opportunity cost in the cost comparison.
In this scenario, the fixed overhead costs for making will still be included, but now there is an additional profit of $40,000 that could be earned by utilizing the space.
Revised difference in cost = (Variable cost per unit for making + Fixed overhead cost per unit for making + Opportunity cost per unit) - Cost per unit from MLC
Let's assume that the opportunity cost per unit is $40,000 divided by the number of units, which is $40,000 / 22,000 = $1.82.
Revised difference in cost = ($0.00 + $4.00 + $1.82) - $26.00
Revised difference in cost = $5.82 - $26.00
Revised difference in cost = -$20.18
The revised difference in cost between making and buying is -$20.18 per unit. Even after considering the opportunity cost, it is still more cost-effective to buy the modules from MLC.
4. Recommendation:
Considering the revised difference in cost, which is still negative, the recommendation remains the same. MSI should continue to buy the control modules from MLC as it is more cost-effective than producing them internally, even when accounting for the opportunity cost of utilizing the space for a new product line.
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What want or need can a hair salon satisfy
riku believes that the world is controlled by large companies. as a result, he has concluded that a career in business would be pointless because he would not be able to compete with the large corporations. an existential therapist would:
An existential therapist would tell Riku that he is master of his own destiny.
What is destiny?Destiny, sometimes known as fate, determines how things will turn out. Whether it is a predestined destiny for society as a whole or for a specific individual, it might be perceived as such. Unlike fate and destiny, fortune can refer to chance, luck, as in being fortunate, or an event or set of events that have a favorable or negative impact on a person or a community. It can either simply mean the result of chance and occurrences, or it can be used as an idiom to allude to telling someone their fortune. Tyche, a lesser-known goddess, stood for the fortune of the city and everyone whose lives depended on its safety and prosperity—two seemingly good aspects of existence.
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temporary form of employment with an emphasis on supervised on-the-job training; may be paid or unpaid and may be part-time or full-time
A temporary form of employment with an emphasis on supervised on-the-job training is commonly referred to as an "internship."
Internships are structured programs that provide individuals, often students or recent graduates, with practical work experience in a specific field or industry.
Internships can be paid or unpaid, depending on the organization's policies and local regulations. They can also be part-time or full-time, varying in duration from a few weeks to several months.
The primary purpose of an internship is to offer hands-on training and exposure to real-world work environments, allowing interns to apply their theoretical knowledge and gain practical skills. Interns work under the guidance and supervision of experienced professionals, who provide mentorship and support throughout the learning process.
Internships serve as a valuable opportunity for individuals to explore career paths, network with professionals in their field, and enhance their resumes. They can provide insights into industry practices, help develop industry-specific skills, and potentially lead to future employment opportunities.
Internships are prevalent in various sectors, including business, technology, healthcare, media, and nonprofit organizations. They offer a mutually beneficial arrangement where interns gain valuable experience while organizations benefit from the fresh perspectives and contributions of emerging talent.
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When a company sets up a defined contribution pension plan, the ________ bears all the risk, and the ________ receives all the return from the plan's assets.
When a company sets up a defined contribution pension plan, the employee bears all the risk, and the employee receives all the return from the plan's assets.
In a defined contribution pension plan, the individual employee, not the company, assumes the risk associated with the plan. This means that the employee bears the investment risk and is responsible for the performance and outcomes of the plan's assets. Under this type of pension plan, the employer typically contributes a set amount or a percentage of the employee's salary into the retirement account. The employee's contributions may also be included. These contributions are then invested in various financial instruments such as stocks, bonds, or mutual funds. The returns generated from these investments, as well as any gains or losses, are directly attributed to the employee's individual account. Therefore, the employee is the one who receives all the returns from the plan's assets. This arrangement differs from a defined benefit pension plan, where the employer bears the investment risk and promises a specific benefit amount to the employee upon retirement, regardless of the plan's investment performance.
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A precisely measured volume of 250.0 mL of a saturated NaCl(aq) solution at room temperature is heated to
evaporate the solvent and crystallize the solute.
The mass of the dry solute is measured to be 87.9 g.
What is the solubility of the sodium chloride solution?
Answer:
0.3516 g/mL
Explanation:
Solubility = Mass of dry solute/ Volume of aqueous solution
= 87.9g / 250 ml
= 0.3516 g/mL
The solubility of NaCl is 0.3516/g/L.
What is Solubility?Solubility is the amount of solute that can be dissolved in a solution at a fixed temperature.
It is given by :
Solubility = Mass of solute/ Volume of aqueous solution
The volume of the solution is 250 ml.
The mass of the solute is 87.9 gm
The solubility = 87.9 / 250 = 0.3516 g/L
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after the gas increase, the company raised its wholesale cost from $8 to $8.50. find the breakeven point after the adjustment in the expense function. round to the nearest integer.
To find the breakeven point, we need to set the cost equal to the revenue. Let's assume that the revenue is $10 per unit (the selling price). the breakeven point after the adjustment is about 5 units.
Before the gas increase, the expense function was:
E(q) = 8q
After the gas increase, the new expense function is:
E(q) = 8.5q
The revenue function is:
R(q) = 10q
Setting the cost equal to the revenue, we get:
8q = 10q - E
where E is the profit (or loss) made by selling q units.
Substituting the expense function, we get:
8q = 10q - 8.5q
8q = 1.5q
q = 8/1.5
q ≈ 5.33
So the breakeven point after the adjustment is about 5 units.
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Which of the following choices incur speculative risk?
Ο stocks
Ο fire insurance on a house
Ο options
Ο life insurance
Ο high-interest savings account
Answer: stock are speculative
Explanation:
The option given that can incur speculative risk is option a. stocks.
What is speculative risk?The likelihood that an investment won't increase in value is known as speculative risk. Speculative risks are deliberate decisions, not merely the outcome of uncontrollable events.
Stocks are therefore one of the best known investments that have speculative risk because one cannot be sure of their increment in value, or their decrease in same.
Things like options and life insurance do not have speculative risk as they are based on choices and regular payments.
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the sales department at midwest textiles has been together for years, and when they meet their identified objectives, they move on to new ones. which type of group is the sales department considered to be? a. functional group b. informal group c. task force d. quality circle e. interest group
The sales department at Midwest Textiles is considered to be a functional group.
A functional group is a group of individuals who work together to achieve a common organizational goal or objective. In this case, the sales department at Midwest Textiles is a functional group because they work together to meet their identified objectives. They continue to set new objectives once they have achieved the previous ones, which indicates that they are focused on accomplishing tasks related to the overall goal of the organization.
A functional group is a group of people who work together to achieve specific objectives, such as meeting sales targets. As the sales department meets their identified objectives and moves on to new ones, they fit the definition of a functional group.
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In a perfectly competitive market, if the market price is $4, how many units will they sell if they charge $4?How many will they sell if they charge over $4? Will they make more profit if they lower their price? Why or why not?
Answer:
In a perfectly competitive market, if the market price for a single unit is $4, then the number of units sold would be 32.
Explanation:
A perfectly competitive market is defined as a market where there are no monopolies - something extremely rare in the real world. However, it is a good example to explain the rules and workings of supply and demand in the market. There are multiple sellers and purchasers in a perfectly competitive market. Sellers earn just enough profit to keep their place in the market. Any more and they would lose their foothold in the marketplace to another company.
If the sellers are capable of producing more, then they can sell more, thus increasing their output. In any case, the economic output would be zero because the price is tangent to the low point on the average total cost curve. The seller has no control over market price because the price is set at equilibrium.
neither the rate nor mortgage payments change in these loans, which are available to all buyers.
Neither the interest rate nor mortgage payments change in these loans, which are available to all buyers. Fixed-rate mortgages, or FRMs, are a type of home loan where the interest rate remains constant throughout the loan term.
This means that the borrower's monthly mortgage payments also remain the same over the life of the loan. Fixed-rate mortgages provide stability and predictability to borrowers since they don't have to worry about fluctuations in interest rates affecting their payments. This makes it easier for buyers to budget and plan their finances accordingly. Fixed-rate mortgages are a popular choice among homeowners who prefer the security of knowing their mortgage payment will remain consistent over time, regardless of changes in the broader interest rate market.
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Identify a circumstance outside the economy that can cause unemployment.
A. The United States hosts the Olympic Games
B. A hurricane damages the Gulf Coast
O
C. A new museum opens in the city of Dallas
O
D. The northeast experiences a summer heat wave
Answer:
B. A hurricane damages the Gulf Coast
Explanation:
If a hurricane occurs, it would destroy businesses and this can cause unemployment.
If the United States hosts the Olympic Games and if a new museum opens in the city of Dallas, employment would increase
One of the justifications for government intervention in markets is the potential to improve on the market outcome in markets characterized by __________.
One of the justifications for government intervention in markets is the potential to improve on the market outcome in markets characterized by "market failure."
What is market failure? Market failure is the failure of the market to allocate resources effectively. In a free market, the market price of a product or service determines how much of it is produced, distributed, and consumed. However, this isn't always a good method, and in certain cases, the market fails to efficiently allocate goods and services. To address market failure, the government may intervene in markets to achieve a more efficient outcome. Market failure, in economic theory, occurs when the market fails to produce a socially optimal allocation of resources.
This occurs when the free-market system fails to achieve economic efficiency or does not generate the most desirable or ideal outcome. In such circumstances, the government may intervene in the market to make it more efficient or equitable. Market failure can result in a variety of issues. Externalities, public goods, and natural monopolies are among them. Market failure can occur due to a variety of reasons, including a lack of competition, information asymmetry, and transaction costs. Government intervention is necessary for such situations to correct market inefficiencies and promote social welfare.
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severely affecting the health of miners, workers and surrounding communities.
Mining operations can have detrimental effects on the well-being of miners, workers, and communities living in close proximity.
The process of mining can result in environmental contamination through the release of harmful substances such as heavy metals and chemicals, which can contaminate water sources and pose health risks to nearby communities. Additionally, the dust, noise, and vibrations produced during mining activities can lead to respiratory issues, hearing loss, and other health complications for both workers and residents in the vicinity. Furthermore, the use of heavy machinery and explosives increases the potential for accidents and injuries among workers and nearby communities. To mitigate these risks and safeguard human health and the environment, it is imperative to enforce stringent regulations and implement robust safety measures in mining operations.As a result, implementing stringent regulations and safety protocols becomes imperative in order to mitigate these risks effectively and safeguard the well-being of individuals and the environment.
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how can we apply our knowledge of business plan in our life
Answer:
we can just forget the way our school and family taught us and learn finance and math really well and then start putting everything in practice and then you'll forget that you'll ever need a paycheck and that is how it is
what is business?????????????
A business is defined as an organisation or enterprising entity engaged in commercial, industrial,or professional activities.
On this date in 2025, you will receive the 1 at annual payment of $4,000. The annual payments will continue through and including this date in 2030 . a. How many payments will you receive b. If you required return is 6%, find value today of this annuity
The present value of this annuity, considering a required return of 6%, is approximately $20,655.80.
(a) To determine the number of payments you will receive, we need to calculate the difference in years between the payment dates, considering the payments start in 2025 and end in 2030.
Number of payments = Ending year - Starting year + 1
Number of payments = 2030 - 2025 + 1
Number of payments = 6
You will receive 6 payments in total.
(b) To find the present value of the annuity, we can use the formula for the present value of an ordinary annuity:
Present Value = Payment amount * [1 - (1 + interest rate)^(-number of payments)] / interest rate
Payment amount = $4,000
Interest rate = 6% = 0.06
Number of payments = 6
Present Value = $4,000 * [1 - (1 + 0.06)^(-6)] / 0.06
Using a financial calculator or spreadsheet, the present value is approximately $20,655.80.
The present value of this annuity, considering a required return of 6%, is approximately $20,655.80.
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Buggy Wars Two friends and neighbours arrange to go into business together and then become bitter rivals: This is the story of Bob Bell and Michael Sharpe, who once lived just four houses apart on Oxford Street in Guelph, Ontario. Bell and Sharpe thought they had a good idea for a new business venture—a bicycle trailer—but the good idea turned into a long, sizzling struggle.
The correct answer to this open question is the following.
Unfortunately, the question is incomplete. Indeed, there is no question at all, just a series of statements.
What we can do is to comment on this case.
We are talking about the story of Bob Bell and Michael Sharpe.
Royalties were the main reason for this dispute. Bob Bell was the engineer that invented the bicycle trailer. Michale Sharpe would focus on Marketing the product due to his experience with computers and sales. Sharpe wanted both to share the financial risks but Bell considered it hos invention and wanted more royalties. Things went in the wrong direction, the situation got worse and they both hired lawyers in Toronto, Canada.
After disputes and legal actions, Bell won the case and he could expanse his business nationwide and signed an agreement with a Chinese company to sell the product. On the other hand, Sharpe made a 180-degree turn and started a fitness business.
Analyse why the social benefit of education exceed the private benefit
Answer:
dddddddddddd
Explanation:
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxs
Look for _____ in research information showing preferential treatment or consideration regardless of legitimate reasoning.
credibility
relevance
bias
additional sources
Answer:
bias
Explanation:
bias is the true anwer
URGENT When is the unadjusted trial balance completed?
A. After a first set of adjusting entries have been made
B. As a final step in the accounting cycle
C. After all adjusting entries have been made
D. Before any necessary adjusting entries have been made
What is a trend in business
How does the placement affect the hyper cycle?
Explanation:
The placement of robotics can makeother items in the hype cycle move to the peak of inflated expectations.
Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $1,500 of direct materials and used $3,000 of direct labor. The job was not finished by the end of September, but needed an additional $2,000 of direct materials and additional direct labor of $4,500 to finish the job in October. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost incurred. What is the balance in the Work in Process account at the end of September relative to Job A3B
The balance in the Work in Progress account at the end of September relative to job A3B is $10500.
During September month material amounting to $1500 and direct labor amounting to $3000 was introduced in the process and Overheads at the end of each month is 200% of direct labor.
Cost incurred = 200% of $3000
= $6000.
As specified by the question that the job is not finished at month end and additional material and labor amounting to $2000 and $4500 respectively is required in October month . So the whole cost incurred in September month that is $1500+$3000+$6000=$10500.
$10500 is transferred to Work in progress account . When Job gets finished that is in month of October the whole cost amounting to 10500+2000+4500+(4500*200%) =$ 26000 transferred to Finished Goods Account.
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4. What competitive structure features pricing that is determined entirely through the laws of supply and demand and requires t
Moderate competition
Perfect competition
Monopolistic competition
Direct competition
Pricing is not determined by supply and demand forces in monopolistic competition. Companies set the prices for their distinctly different yet similarly priced items. The answer is option (c).
What is monopolistic competition?When a large number of businesses provide rival goods or services that are comparable but imperfect alternatives, monopolistic competition develops. A monopolistic competitive economy has minimal entry requirements, and actions made by any one business do not immediately impact those of its rivals.
Consider a market system where there are many businesses and free enterprise entrance and exit, but the goods these businesses produce are not uniform. A market structure like this is referred to as monopolistic competition.
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In LMX theory, what ultimately determines whether the follower becomes a member of an in-group or an out-group?
Answer:
d. the leader's perception of the follower
Explanation:
LMX theory stands for leader-member exchange theory and is an approach to leadership that focuses on the two-way relationship that exists between the leaders and followers of a group. Therefore the whether the follower becomes a member of an in-group or an out-group depends on the leader's perception of the follower. Mainly because the leader makes this decision and bases it around what they ultimately think about the follower.
What is the term used to describe the fluctuation in demand of a certain product in relation to pricing?
Elasticity is a phrase used to describe how the price affects how much a certain product is in demand.
What is elasticity?In neoclassical economic theory, elasticity is a key idea that aids in understanding a variety of economic concepts, including the incidence of indirect taxation, marginal concepts related to the theory of the firm, wealth distribution, and different types of goods related to the theory of consumer choice. When talking about how welfare is distributed, particularly in terms of consumer, producer, or government surpluses, a grasp of elasticity is crucial.
Elasticity is a key notion in many economic theories, and it may be seen in a number of key indicators. These include the elasticity of demand at different prices, the elasticity of supply at different prices, the elasticity of demand at different income levels, the elasticity of replacement between factors of production, the cross-price elasticity of demand, and the elasticity of substitution across time.
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One number that represents a group of numbers is called a/an
Answer:
Average.
Explanation:
One number that represents a group of numbers is called an average. The most commonly used average in the real world for the calculation of different parameters such as gross pay, average pay, price, quantity etc, is the simple average.
In order to calculate an average, the total number of items are added together and then divided by the number of items.
For example, find the average of the salaries of five (5) employees who earn $10, $5, $50, $20 and $15 respectively.
Given, number of employees = 5
Total sum of money earned = 10+5+50+20+15 = 100
Average = Total sum of money/number of employees
Substituting the values, we have;
Average = 100/5
Average = 20.
Hence, the average pay of the five (5) employees is $20. This $20 represents a group of salaries earned by the five employees.
1. The reading discusses three management theories. What are these three management theories?2. How are Theory X and Theory Y different, according to the reading?3. How Theory Z is different than Theory X and Y? Please explain.4. Imagine that you are a manager in charge of approximately a dozen workers. Would you prefer to rely primarily on Theory X, Y, or Z as your management style? Why? Please explain.
1. The three management theories discussed in the reading are Scientific Management, Human Relations Management, and Systems Management.
2. According to the reading, Theory X assumes that employees are inherently lazy and need to be closely supervised and motivated through rewards and punishments. In contrast, Theory Y assumes that employees are self-motivated and can be trusted to work independently with minimal supervision.
3. Theory Z differs from Theory X and Y by emphasizing long-term employment, group decision-making, and a strong commitment to the organization by both the employees and management.
4. The choice of management style would depend on various factors, such as the nature of the work, the characteristics of the employees, and the organization's goals. In some situations, Theory X might be appropriate if there is a need for close supervision and the employees require motivation to perform their tasks. Theory Y might be better if the employees are self-motivated and can work independently. Theory Z might be ideal for organizations that value employee commitment and team-based decision-making. Ultimately, a manager needs to assess the situation and choose a management style that aligns with the organization's goals and employee needs.
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1. Mallory owns an auto repair shop. She has $12,000 in cash, $8,000 in
inventory, a $4,000 credit card balance, and $3,500 in long-term del
What is Mallory's equity?
a.
Mallory's equity, given that she owns auto repair shop and the amounts in her books, are $ 12, 500
How to find the equity ?As per the Accounting Equation, equity is the portion of assets that is not supplied by liabilities.
This means that Mallory's equity is:
= Cash + Inventory - Credit card balance - Long term debt
= 12, 000 + 8, 000 - 4, 000 - 3, 500
= $ 12, 500
In conclusion, Mallory's equity is $ 12, 500.
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