Answer:
The correct option is c. 25; $7.
That is, a monopolistic competitive firm that seeks to maximize profits will sell 25 units and charge a price of $7.
Explanation:
Note: This the data in this question are merged together. They are therefore sorted before answering the question. See the attached pdf file for the complete question with the sorted data.
The explanation to the answer is now given as follows:
In economics, a monopolistic competitive firm maximizes profit at a point where its Marginal Cost (MC) equals its Marginal Revenue (MR), i.e. where MC = MR.
Note: See the attached excel file for the calculation of the Marginal Cost (MC) equals its Marginal Revenue (MR).
In the attached excel file, we use the following formula:
Total revenue = Price * Quantity
Marginal cost = Current total cost - Previous total cost
Marginal revenue = Current total revenue - Previous total revenue
In the attached excel file, Marginal Cost (MC) equals Marginal Revenue (MR) equals $15 (i.e. MC = MR = $15) at the point where Price is $7 and Quantity is 25 (This is indicated in bold red color)
Therefore, the correct option is c. 25; $7. That is, a monopolistic competitive firm that seeks to maximize profits will sell 25 units and charge a price of $7.
1. Generally speaking, the lowest level in the WBS is referred to as: A. Level 3 B. Level 4 C. Level 5 D. The work package
Answer:
D)The work package
Explanation:
WBS(work breakdown structure) helps to bring down the project scope to deliverables, it can be applied to tasks, project as well as programs. It defines, and bring about organization of the work. WBS has different levels and each level is unique, with the highest level having "project ultimate goal" follow by another level of "project objectives" follows by another level of project outputs and activities. Generally speaking, the lowest level in the WBS is referred to as work package. work package are also known as "terminal element"of a WBS whereby the deliverables is been decomposed to different components.
With an annual demand of 2,400 units, daily demand of 10 units, and daily production rate of 40 units, a company has determined that each production run will be for 200 units. If production starts when the inventory level is at zero, how many units would actually be in the warehouse at the end of the first day of production? (Round your answer to the nearest unit.)
Answer:
30 units
Explanation:
Calculation for how many units would actually be in the warehouse
Using this formula
Number of units=Daily production rate-Daily demand
Let plug in the formula
Number of units= 40 units - 10 units
Number of units= 30 units
Therefore the numbers of units that would actually be in the warehouse at the end of the first day of production is 30 units
X-1 Corp's total assets at the end of last year were $490,000 and its EBIT was 52,500. What was its basic earning power (BEP) ratio? a. 13.07% b. 11.57% c. 10.71% d. 10.29% e. 12.86%
Answer:
10.71%
Explanation:
Calculation for basic earning power (BEP) ratio
Using this formula
Basic earning power (BEP) =EBIT/Total assets
Let plug in the formula
Basic earning power (BEP)=$52,500/$490,000
Basic earning power (BEP)=0.1071*100
Basic earning power (BEP)=10.71%
Therefore the basic earning power (BEP) ratio will be 10.71%
The quantity demanded of frozen strawberries decreased from 1,800 to 1,550 when the price of fresh strawberries decreased from $2.35 to $2.15. What is the cross-price elasticity of demand for the strawberries
Answer:
1.63
Explanation:
Cross price elasticity = percentage change in quantity demanded of frozen strawberries / percentage change in price of fresh strawberries
percentage change in quantity demanded of frozen strawberries = 1550/ 1800 - 1 = -0.1389 = -13.89%
percentage change in price of fresh strawberries = 2.15 / 2.35 - 1= -0.0851 = -8.51%
-13.89% / -8.51% = 1.63
Nakia is trying to decide how to structure her business. She knows that it is important for her to make money selling hair care products to people who care about the environment. Which of the following would you recommend based on her business goals?
a) Make hair products that hurt the environment, and donate any extra money to non-profits
b) Write a mission statement that says her hair care line is sustainable, even if it isn’t
c) Start a non-profit organization that helps the environment
d) Sell a sustainable hair care product and work to be certified as a benefit-corporation
Based on her business goals it is recommended that she should Sell a sustainable hair care product and work to be certified as a benefit corporation. Thus the correct option is D.
What is Business?An economic activity that involves the exchange of goods and services with teh help of buying and selling with the objective to gain some profit is called Business.
In the given case it is indicated that Nakia is trying to structure her business by selling hair care products to people who care about the environment which helps in making revenue.
In order to generate more revenue and better customer satisfaction she should sell a sustainable hair care product that does not cause any harm to the environment and succeed in the expectations of the customer.
Therefore, option D is appropriate.
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Grant Film Productions wishes to expand and has borrowed $100,000. As a condition for making this loan, the bank requires that the business maintain a current ratio of at least 1.50. Business has been good but not great. Expansion costs have brought the current ratio down to 1.40 on December 15. Rita Grant, the owner of the business, is considering what might happen if she reports a current ratio of 1.40 to the bank. One course of action for Grant is to record in December $10,000 of revenue that the business will earn in January of next year. The contract for this job has been signed. Requirements Journalize the revenue transaction, and indicate how recording this revenue in December would affect the current ratio. Discuss whether it is ethical to record the revenue transaction in December. Identify the accounting principle relevant to this situation, and give the reasons underlying your conclusion.
Answer:
The journal entry to record this "earned revenue" is:
Dr Accounts receivable 10,000
Cr Service revenue 10,000
This will increase current assets, which in turn will increase the company's current ratio.
This is not ethical and goes against the accrual principal, conservatism principle and revenue recognition principle.
The accrual principle states that transactions should be recorded when thy actually occur. Conservatism principle states that costs must be recorded as soon as a company can quantify and identify them, but revenues should only be recorded when the earning process takes place. The revenue recognition principle states that revenues must be only recorded when the earning process is complete or has been substantially completed.
A company in College Station is just starting to make a brand new product it has never made before. It has completed two units so far. The first unit took 32 hours to complete and the next unit took 26 hours. Based only on this information, what would be the estimate of the learning percentage in this process
Answer:
81.25%
Explanation:
the learning percentage = 26 hours / 32 hours = 0.8125 = 81.25%
The learning percentage is useful in order to calculate the cumulative average time and cost. Based on the information above and using a cumulative improvement factor table, we can estimate the number of hours required to manufacture a larger number of units.
Which of the following is not part of M1? A. Time deposits. B. Transaction accounts C. Traveler's checks. D. Checking accounts.
Answer:
A
Explanation:
M1 is a measure of money supply. it is the most liquid component of money supply. It includes currency, coins, travellers check and checking accounts
Time deposit is a part of M3
An individual wants to retire in 15 years when he turns 65. He wants to have enough money to maintain his current income, which is $55,000 per year. It is assumed that a 6% annual investment rate of return and a 4% inflation rate per year. He expects that he will live to be 90 years old. He expects his raises to equal the inflation rate, approximately how much does he need at retirement to fulfill his retirement goals
Answer:
Value at retirement= $1,187,719.21
Explanation:
If his salary increases at the same rate as inflation, the purchasing power remains constant. The growth rate and inflation rate should not be taken into account. They are irrelevant.
First, we need to calculate the value of the account at the time of retirement. To do this, we determine the future value, then the present value.
FV= {A*[(1+i)^n-1]}/i
A= annual payment
FV= {55,000*[(1.06^35) - 1]} / 0.06
FV= $6,128,912.90
PV= FV/(1+i)^n
PV= 6,128,912.90 / (1.06^35)
PV= $1,187,719.21
Placing an ad around your neighborhood offering to pay $150 to anyone who finds your missing Yorkipoo is an example of _________.
Answer: unilateral contract
Explanation:
Unilateral contract is an agreement whereby an economic entity which could be a individual, firm or the government agrees and promises to pay a certain amount of money once an act has been done.
In this case, the person offers to pay $150 to anyone who finds the missing Yorkipoo. This is a unilateral contract.
Campbell County uses the consumption method to record all inventories and prepayments. The County has a 9/30 fiscal year-end. On April 1, 2018, the County purchased a two-year insurance policy at a total cost of $400,000, paying for the policy out of the General Fund. In the fund financial statements, the amount of insurance expenditures for the fiscal year ended 9/30/18 would be
Answer:
the amount is $100,000
Explanation:
The computation of the amount of the insurance expenditure for the fiscal year is shown below:
= Total cost of two year insurance policy × given percentage
= $400,000 × 6 ÷ 24
= $100,000
The six months are calculated from April 1 to Sep 30
The same is to be considered
hence, the amount is $100,000
Why is it important to fact-check the information we read online?
Answer:
Because we can't really sure about the credibility of the information.
Explanation:
In online news era, everyone can write 'news' with some basic knowledge in blogging and search engine optimization. As long as they can bring their piece up high in search engine results, many people will believe that the news is coming from someone with credibility's.
This is why, it is extremely important for us to fact-check every information we read online.
One way to do it is by checking the news from different news-source. If there vast majority of credible news-sources confirm the content of the news, than we can be sure that the news is factual.
In the marketing research process, what step happens after marketers define
the problem?
O A. They interpret the data and make recommendations.
B. They define the problem.
O C. They develop a research design.
O D. They analyze and interpret the data.
IBAT
Answer:
C the develop a Research Design
A company sells merchandise on credit for $6,000. The merchandise cost is $3,400. The journal that the transaction would be recorded in is the
Answer:
Sales journal
Explanation:
Since in the question it is mentioned that the company sells merchandise on an account or on a credit basis that means it does not involve any cash transaction so it is a credit sales
Therefore the same is to be recorded in the sales journal
hence, the answer is the sales journal and the same is to be considered
As this is relevant
38. Primus, Inc., owns all outstanding stock of Sonston, Inc. For the current year, Primus reports net income (exclusive of any investment income) of $600,000. Primus has 100,000 shares of common Page 310stock outstanding. Sonston reports net income of $200,000 for the period with 40,000 shares of common stock outstanding. Sonston also has 10,000 stock warrants outstanding that allow the holder to acquire shares at $10 per share. The value of this stock was $20 per share throughout the year. Primus owns 2,000 of these warrants. What amount should Primus report for diluted earnings per share
Answer:
DEPS $7.82 per share
Explanation:
Diluted Earnings per share is the further modified version of Earnings per share. It is the monetary value of company's earnings per each outstanding share. Diluted earnings per share is calculated by excluding the convertible securities.
Net Income of Primus $600,000
Net Income of Sonston $200,000
Total income attributable to shareholders $800,000
Total Shares after the warrants conversion $105,000
DEPS : 800,000 / 105,000 = $7.82
Warrants conversion:
10,000 warrants *$10 / $20 = 5000 shares
Judd, Inc., owns 35% of Cosby Corporation. During the calendar year 2021, Cosby had net earnings of $300,000 and paid dividends of $30,000. Judd mistakenly recorded these transactions using the fair value method rather than the equity method of accounting. What effect would this have on the investment account, net income, and retained earnings, respectively
Answer:
The right approach is "Understate, understate, understate".
Explanation:
The equity approach considers the substantive contractual partnership amongst two companies, Judd Inc. as well as Cosby Company. The creditor reports its share of the creditor's earnings as taxable net profit after tax underneath the equity instruments. For illustration, whenever a corporation owns 35 percent of a corporation with such a net gain of $300,000, by the equity system, the organization records profits from its acquisition of $105,000.Since Judd Inc. using the equal value approach, the net sales were significantly underestimated by $105,000,000.
Throughout the Equity Process, Judd Inc. will also have recorded as debit cash as well as compensation in almost the same proportion as "Investment throughout COSBY" throughout the quantity of $10,500. The debit to something like the capital expenditure raises the value including its commodity, while it reduces the compensation to either the investment. Consolidated interest income is indeed a part including its number of shares outstanding on something like consolidated financial statements that symbolizes the relative's accumulated revenues. It corresponds to the interest expense of parent JUDD Inc. exclusively itself from its earnings vary its communication of the net income of joint venture COSBY.As Judd did not report the entrance that uses the equity process, retained earnings would also be understated by this.
Factors that contributed to the current level of the earnings gap in the U.S. labor market between black and white workers include:
Answer:
the options are missing:
A. the combination of changes in law and changes in social attitudes B. changes in production techniques made white workers unproductive C. a large decline in the average education levels for white workers D. a vast increase in the number of well-educated black workersThe answer is:
A. the combination of changes in law and changes in social attitudes
Around the mid 1900s, the earning gap between white males and black males fell, specially in the 1960s and 1970s, but since the 1980s it has remained stable. The Civil Rights Act of 1964 prohibited discrimination at work and a series of other regulations helped to narrow the earnings gap. The same applies to other minorities.
Sadly though, the earnings gap has remained stable for the last 40 years, and that hurts most minorities and women also. The earnings gap between women and men has decreased more since the 1980s, but in most industries women are still behind men even those who belong to minority groups.
Currently the earnings gap between white and black males is 26.5% on average, but on certain industries it is over 34%. Personally, I think that this is a type of hidden discrimination, because there is no reason why an employee should earn more or less based solely on his/her race, gender or culture.
Why is it important to dress for success at a job interview?
Answer:
For a variety of reasons, it is critical to dress for success during an interview. However, the most important reason is to make it appear as though you are serious about getting the job, or in other words, that you are not wasting your time. If you don't dress professionally or for success, the interviewer may not perceive you as hardworking, and you may lose the job.
Explanation:
Discuss the three most common depreciation methods used in business practice. Why would a company choose one method over another
Answer:
The four most common depreciation methods are:
straight line: the simplest to calculate, you just divide the net depreciable value (purchase cost - salvage value) by the number of useful years. This method provides a stable depreciation expense, and is mandatory when you depreciate certain fixed assets like buildings. units of production: used by mines, oil companies and other extracting companies. First you must calculate total reserves or total useful life in units and then you divide the total cost by the total units in order to determine depreciation rate per unit. sum-of-years-digits: type of accelerated depreciation where the depreciable value is multiplied by a fraction of the asset's useful life. It depreciates assets faster than straight line, but not as fast as double declining method. double-declining balance: is a type of accelerated depreciation that increases depreciation expense during the first periods. It is calculated by doubling the calculation made for the straight line method. It lowers taxes during the first years since it increases depreciation expense.3. A certain brand of breakfast cereal increases its price by 20%, while other brands keep their prices unchanged. The quantity of cereal sold by the brand that increases its price declines, and the quantity sold by the other brands increases. In this case, the cross price elasticity of demand between the cereal of the brand that increases its price and the cereals produced by other brands is:
Answer:
greater than 0
Explanation:
As we know that in the case of the substitute goods when the price of the one good rises the demand for other good rises. In the given situation, cereal is a substitute goods and for the same, the cross elasticity is positive also more than zero
Therefore as per the given situation, it is greater than zero and the same is to be considered
Which 2 statements are correct about using the client details and dashboard screens of QuickBooks Online Accountant and working with client company files
Answer:
You can import QuickBooks Online Trial Balance data into ProConnect Tax Online to prepare tax returns via the client dashboard
You can start a new tax return from the client dashboard for non QuickBooks Online clients or clients that are using QuickBooks Online
Explanation:
While using the client details and the dash borad screens of an online accountant who are working with the client files should do the importing of the data related to the trial balance into the proconnect tax so that the tax returns could be prepared
Also the new tax return could be started from the client dashboard via using the quick books online
hence, these two statements are correct
Naomi has always wanted to open a cyber coffee shop and has made her cash flow projections. She estimates that it will cost her $225,000 to develop the project, and the cash flows for the next six years will be $45,000, $69,000, $125,000, $185,000, $189,000, and $200,000 respectively. If her cost of capital is 9.5%, what is the net present value and internal rate of return of her project
Answer:
NPV= 333,629.97
Explanation:
Giving the following information:
Initial investment (Io)= $225,000
Cash flow:
Cf1= $45,000
Cf2= $69,000
Cf3= $125,000
Cf4= $185,000
Cf5= $189,000
Cf6= $200,000
Cost of capital= 9.5%
To calculate the net present value (NPV), we need to use the following formula:
NPV= -Io + ∑[Cf/(1+i)^n]
Cf1= 45,000/1.095= 41,095.89
Cf2= 69,000/1.095^2= 57,564.76
Cf3= 125,000/1.095^3= 95,206.73
Cf4= 185,000/1.095^4= 128,681.24
Cf5= 189,000/1.095^5= 120,058.03
Cf6= 200,000/1.095^6= 116,023.32
Total PV= $558,629.97
NPV= -225,000 + 558,629.07
NPV= 333,629.97
How does Porter's five forces analysis describe the food industry in which Dunkin' Donuts and Starbucks compete? What are the strategic implications for Dunkin' Donuts?
Answer:
For Dunkin Donuts, three forces are low, and two forces are high.
The threat of substitutes and the rivalry among existing players are high, mainly because the products that Dunkin sells are easy to substitute, and there is stiff competition in the market.
The bargaining power of consumers, of suppliers, and the threat of new entrants are low. Better relationships with customers and suppliers are recommended for this.
For starbucks, the threat of subsitutes is high because coffee can be replaced for chocolate or tea.
The bargaining power of suppliers is low because there are many coffee producers in the world.
The bargaining power of customers is also low, although the do have some price sensitivity.
The threat of new entrants is low because there are economies of scale, brand issues, and supplying issues to be taken into account.
And the competition among existing players is high.
Explanation:
g What will IT operations look like when they have attained operational maturity and what are the processes by which maturity is achieved.
Answer:
Operational Level Maturity happens when a company has been able to create and sustain a system that allows its operations to run on "autopilot". At this level, the management is no longer distracted or weighed down by operational details.
It is said that there are different levels of Operational Maturity. The highest of them features a concentration on the setting of goals, creating and managing budget, and planning for the long haul.
To achieve Operational Maturity, it is required for the leadership to look at investment into technology (that helps to simplify, secure and standardize processes);
The process of OML takes time. Time taken can be reduced by continuous learning, flexibility etc
Cheers
A monopolist:_____
a. can raise its price without losing any sales because it is the only supplier in the market.
b. can earn a greater than normal rate of return in the long run.
c. always charges a price that is higher than marginal revenue.
d. both a and b e. both b and c
Answer:
d. both a and b
Explanation:
A monopolist is a producer that is the only supplier of a certain commodity in a market. Thus because of little or no competitors, he has the control of the supply and price of his commodity so as to increase his earnings at the expense of consumers. Thus a monopolist has the capacity to increase the price and still have an increase in demand for his goods.
Marginal Utility per Dollar IV. If Ashyra has $40 to spend on potatoes and clams, then the utility-maximizing combination is _____ pound(s) of clams and _____ pound(s) of potatoes.
Answer:
The information about Ashyra's marginal utility is missing, so I looked for a similar question and found the attached image:
If Ashyra has $40 to spend on potatoes and clams, then the utility-maximizing combination is 2 pound(s) of clams and 6 pound(s) of potatoes.
You have to obtain a combination were both marginal utilities per dollar are similar:
1 pound of clams and 4 pounds of tomatoes yield a total utility = 51.8 utils, at this level the marginal utility per dollar of clams is 1.88 and 1.75 for potatoes (not equal, but similar). But at this level, Ashyra will only spend $24, so she can buy more goods.
2 pounds of clams and 6 pounds of tomatoes yield a total utility = 72 utils, at this level the marginal utility per dollar of clams is 1.25 and 1.13 for potatoes (not equal, but similar). At this level, Ashyra will spend $40, so she can't buy more goods.
What is the present value of a perpetuity that pays annual, end-of-year payments of $1,000 every year? Use a nominal rate of 8.00%.
Answer:
The present value of the perpetuity is $12,500.
Explanation:
A perpetuity can be described as periodic payments that receivable indefinitely or forever.
The formula for calculating the the present value of a perpetuity is as follows:
PV of perpetuity = C / i .......................... (1)
PV of perpetuity = Present value of perpetuity = ?
C = Cash flow or annual payments = $1,000
i = Nominal rate = 8.00%, or 0.08
Substituting the values into equation (1), we have:
PV of perpetuity = $1,000 / 0.08
PV of perpetuity = $12,500
Therefore, the present value of the perpetuity is $12,500.
The chart indicates the tasks of three individuals working in the Human Services career cluster.
Daily Tasks of Three Employees in Human Services
Which best describes the pathway each works for?
A Kaia is in Early Childhood Development, Nori is in Family and Community Services, and Erik is in Consumer Services.
B Kaia is in Family and Community Services, Nori is in Personal Care Services, and Erik is in Personal Care Services.
C Kaia is in Early Childhood Development, Nori is in Counseling and Mental Health Services, and Erik is in Personal Care Services.
D Kaia is in Counseling and Mental Health Services, Nori is in Consumer Services, and Erik is in Family and Community Services.
In the human services career cluster, tasks including counselling and mental health services, family and community services, personal care, and consumer services are all related to addressing human needs. Hence option C is correct .
What is Human Services career cluster ?Workers in human services provide care for others by attending to their psychological, social, and physical needs. They work to promote safe, healthy communities and higher quality of life. These professionals can be found in a range of places, including barbershops, spas, daycare facilities, hospitals, colleges and universities, or government organisations.
The Human Services Cluster offers different job paths:
Services for Mental Health and Counseling
Examples of careers in this field: Psychologist with clinical or counselling experience, sociologist, career coach, school counsellor; Mental health counsellor, substance abuse and behavioural disorder counsellorResidential Advisor; Marriage, Child, and Family Counselor; Licensed Professional Counselor; Vocational Rehab Counselor; Employment Counselor;
Services for Personal Care
Examples of careers in this field: Barber, cosmetologist, hairdresser, manicurist, funeral director, mortician, personal and home care assistant, spa attendant, personal trainer, and massage therapist
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Sqeekers Co. issued 11-year bonds a year ago at a coupon rate of 7.7 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6 percent, what is the current bond price
Answer:
yo boy hacer tú chica aneudy Tati el memolandio.
Recently the governor of Massachusetts proposed that cigarette taxes in Massachusetts should be increased substantially, from 55 cents a pack to 76 cents a pack. He estimates that Massachusetts can raise $40 million in revenue from this tax hike. He also pointed out that the neighboring state of Connecticut was considering an increase in cigarette taxes. How can it be that an increase in cigarette taxes will increase tax revenue, because, after all, a higher tax will increase cigarette prices and thereby decrease the quantity demanded
Answer:
When a price increase does not result in proportionally lower quantity demanded it means that the price elasticity of demand is inelastic or ≤ |1| in absolute terms.
Nicotine is a drug, and drugs are addictive. That means that cigarette users are probably addicted to nicotine, and any increase in price will not affect the quantity sold, or its effect will be very low.
The most common example of inelastic goods are gasoline, electricity, and other utilities which have very low price elasticities. A price increase barely affects the quantity demanded.