Master Business with Fun Quizzes & Brain Teasers!

After evaluating Pima Companys manufacturing process; management decides to establish standards of 1. 4 hours of direct labor per unit of product and $15 per hour for the labor rate. During October, the company uses 3,720 hours of direct labor at a $40,920 total cost to produce 4,000units of product. In November, the company uses 4,560hours of direct labor at a $54,720 total cost to produce 3,500units of product. (1) Compute the rate variance, the efficiency variance, and the total direct labor cost variance for each of these two months.
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A waste-holding lagoon situated near the main plant of a chemical company receives sludge on a daily basis. When the lagoon is full, it is necessary to remove the sludge to a site located 4. 95 kilometers from the main plant. Currently, when the lagoon is full, the sludge is removed by pumping it into a tank truck and hauling it away. This process requires the use of a portable pump that has an initial cost of $800 and an 8-year life. The com-pany can operate the pump at a cost of $25 per day, but the truck and driver cost $110 per day. Alternatively, the company has a proposal to install a pump and pipeline to the remote site. The pump would have an initial cost of $600, a life of 10 years, and a cost of $3 per day to operate. (a) If the MARR is 15% per year and the pipeline will cost $3. 52 per meter to construct, how many days per year must the lagoon require pumping to jus- tify construction of the pipeline?(b) The lagoon was pumped 40 times last year. Which alternative would have been cheaper?
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The customer segment known as ______ enjoy testing product prototypes and providing voluntary feedback that companies use to perfect their products. multiple choice question.
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The estimator obtained through regression on quasi-demeaned data is called the ______________. a. random effects estimator b. fixed effects estimator c. hetroskedasticity-robust ols estimatord. instrumental variables estimator
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-i say key in a relationship is trust and if you dont have trust you dont need to be in a relationship- i say if you going to believe everything somebody tell you then don't have friends nor dont be in a relationship-everything people tell you is true or sometimes it could be true-
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Consumers in Mayville consider houses and apartments to be substitutes. There is an increase in the price of houses in Mayville at the same time three new apartment buildings open there. In the market for apartments in Mayville, we know:______. A) the equilibrium price will rise. B) the equilibrium price will fall. C) the equilibrium quantity will rise. D) the equilibrium quantity will fall
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Sensitivity analysis: Boulder Creek Industries Boulder Creek Industries is considering an investment in equipment based on the following estimates: Cost of equipment $3,000,000 Residual value 200,000 Useful life 10 years a. Determine the net present value of the equipment, assuming a desired rate of return of 12% and annual net cash flows of $800,000. Use the present value tables appearing in Exhibit 2 and 5 of this chapter
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If a supplier can sell as much as it wants at $10 per unit, but none at all at $10.01, we know that the demand it faces is
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Cardinal Company is considering a five-year project that would require a $2,500,000 investment in equipment with a useful life of five years and no salvage value. The companys discount rate is 12%. The project would provide net operating income in each of five years as follows:Sales $ 2,853,000Variable expenses 1,200,000Contribution margin 1,653,000Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs $ 790,000 Depreciation 500,000 Total fixed expenses 1,290,000Net operating income $ 363,000
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______ products/services are typically consumer durables, such as a dryer or a refrigerator. Buyers spend a fair amount of effort and time to make the comparisons before purchasing and usually do not know which one or which brand they will buy in advance of the process. (Remember to type only one word per blank. )
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Helen Holmes makes pottery by hand in her basement. She has 20 hours available each week to make bowls and vases. A bowl requires 3 hours of labor, and a vase requires 2 hours of labor. It requires 2 pounds of special clay to make a bowl and 5 pounds to produce a vase; she is able to acquire 35 pounds of clay per week. Helen sells her bowls for $50 and her vases for $40. She wants to know how many of each item to make each week to maximize her revenue. a. Formulate an integer programming model for this problem. b. Solve this model by using the computer. Compare this solution with the solution without inte-ger restrictions and indicate whether the rounded-down solution would have been optimal
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Beale Management has a noncontributory, defined benefit pension plan. On December 31, 2021 (the end of Beale's fiscal year), the following pension-related data were available:Projected Benefit Obligation ($ in millions)Balance, January 1, 2021 $ 780 Service cost 80 Interest cost, discount rate, 5% 39 Gain due to changes in actuarial assumptions in 2021 (23 ) Pension benefits paid (39 ) Balance, December 31, 2021 $ 837 Plan Assets ($ in millions)Balance, January 1, 2021 $ 820 Actual return on plan assets 49 (Expected return on plan assets, $54) Cash contributions 90 Pension benefits paid (39 ) Balance, December 31, 2021 $ 920 January 1, 2021, balances: ($ in millions)Pension asset $ 40 Prior service costAOCI (amortization $9 per year) 45 Net gainAOCI (any amortization over 10 years) 142 Required:Prepare a pension spreadsheet to show the relationship among the PBO, plan assets, prior service cost, the net gain, pension expense, and the net pension asset. (Enter credit amounts with a minus sign and debit amounts with a positive sign. Enter your answers in millions. )
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Under the continual-training requirement, the Occupational Safety and Health Act requires an employer to:provide safety training to all employees, regardless of the work they do, at least once a week. Provide overtime pay to all trainees and interns working over 30 hours per week. Provide safety training every time an employee is hired or transferred into a new position, even if for just a day. Provide additional compensation over the minimum wage to employees who spend more than 15 hours per week in training
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CO. Currently earns $25 per share. It retains 65 per cent of its profits to reinvest at an average return of 18 per cent. Its shareholders require a return of 15 per cent. A. What is the value of CO. s shares? b. What happens to this value if investors suddenly become more risk-averse by seeking a return of 30 per cent?
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What is the relationship between copyright law as it applies to intellectual property in the gaming industry and securing a licensing contract? what would be a good guess as to the general content of at least two clauses (restrictions or limitations of the license) that would be in intellectual property contracts?
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Identify at least two culturally specific variables that impede the adoption of servant leadership within one specific cultural perspective
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In order to curb CO2 emissions, the government creates a cap-and-trade system for freight companies that use semi-trailer trucks to move freight. Some freight companies have already spent lots of money investing in low-emission trucks or even developing battery technologies to decrease emissions. Other companies have invested nothing to decrease their emissions. Answer the following questions to explain how the cap-and-trade program, if implemented successfully, will decrease emissions. a. Using cap-and-trade, the government could restrict pollution by placing a _______on the amount of emissions each company may emit through the issue of permits. b. One feature of the cap-and-trade policy is that permits can be traded between the "greener" companies that have already invested in emission lowering technologies and those that have not
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All of the following would be considered a solid action plan for scotts goal of becoming a teacher except
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A company has 1,700 shares of 6%, $100 par value preferred stock the company issued at the beginning of Year 1. All remaining shares are common stock. The company was not able to pay dividends in Year 1, but plans to pay dividends of $22,000 in Year 2. Required:1. & 2. How much of the $22,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in Year 2, assuming the preferred stock is cumulative? What if the preferred stock were noncumulative?
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3. Explain what Ross chose to do when his tour in New York came to an end
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Identify and compare the differences between the leadership styles of Martin and his predecessor Otto
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Moneyball Sports Complex, Inc. Had Earnings before Interest and Tax of $300 million last year, a Depreciation expense of $50 million, net Capital Expenditures of $100 million and added $10 million to its net working capital. These figures are all expected to grow at a constant rate of 5%, indefinitely. The firm finances with 50% debt and 50% equity and the tax rate is 30%. Before tax cost of debt is 10% and the cost of equity is 22%. Calculate firm value
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At the end of 2020, the records of Wolverine Corporation reflected the following. Common stock, $10 par; authorized 100,000 shares: issued and outstanding throughout the year, 50,000 shares $500,000Preferred stock, $50 par, 7%, cumulative, convertible into common stock, share for share; authorized, 10,000 shares; issued and outstanding throughout year, 2,000 shares 100,000Contributed capital in excess of par, common stock 80,000Retained earnings (no dividends declared during the year) 470,000Bonds payable, 10% nonconvertible, issued at par in 2016 150,000Net income 120,000Stock options outstanding (all year for 10,000 shares of common stock at $15 per share) Income tax rate, 25% Average market price of the common stock during 2020, $25 per share Requireda. Is this a simple or a complex capital structure?b. Compute the basic and Diluted EPS amounts
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Railways club has 764 members each paying an annual subscription of 25. As at 1 January, 14 members were in arrears for two year's subscription and 21 more for one year. Subscriptions received in 2019 amounted to 17,425. Ascertain, on the accruals basis, the subscription income of the club for the year ended 31 December 2019 2 MKS a) 17,425 b) 19,100 c) 17,875
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