tristan industries makes farm equipment. the standard for a particular farm calls for 20 direct labor-hours at $ 25 per direct labor-hour. during a recent period 831 farm calls were made. the labor efficiency variance was $1,542 unfavorable. hint: what would be the standard for one farm call? how many actual direct labor-hours were worked? (in total) range will be 14,999 to 24,999 hours
Answers
The total actual direct labor-hours worked is 414,027.92 hours, which falls within the given range of 14,999 to 24,999 hours.
The standard for one farm call would be 20 direct labor-hours at $25 per direct labor-hour, which would be $500 per farm call.
The total standard labor cost for 831 farm calls would be $415,500 ($500 x 831).
The formula for labor efficiency variance is Actual Hours Worked - Standard Hours Allowed x Standard Rate. Rearranging this formula, we get Actual Hours Worked = Standard Hours Allowed x Standard Rate + Labor Efficiency Variance / Standard Rate.
In this case, we know that the Labor Efficiency Variance is $1,542 unfavorable, the Standard Rate is $25 per hour, and the Standard Hours Allowed for one farm call is 20 hours.
Therefore:Actual Hours Worked = 20 x $25 + (-$1,542) / $25
Actual Hours Worked = 498.32hours
Since we know that 831 farm calls were made, we can find the total actual direct labor-hours worked by multiplying the actual hours worked per farm call by the number of farm calls:
Total Actual Direct Labor-Hours Worked = Actual Hours Worked x Number of Farm Calls
Total Actual Direct Labor-Hours Worked = 498.32 hours x 831
Total Actual Direct Labor-Hours Worked = 414,027.92 hours.
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Related Questions
In the procure-to-pay process, the negotiation of price and terms is followed by ________.
Answers
In the procure-to-pay process, the negotiation of price and terms is followed by the creation of a purchase order.
A purchase order is a formal document sent by the buyer to the supplier that confirms the items to be purchased, the quantity, the agreed-upon price, and the delivery date. The PO serves as a legally binding contract between the buyer and the supplier, outlining the terms and conditions of the purchase.
Once the supplier receives the PO, they will typically acknowledge receipt and confirm the order details. This confirmation can be done either by sending a formal acknowledgment or simply by beginning work on the order.
After the goods or services are received, the supplier will send an invoice to the buyer, requesting payment for the goods or services rendered. The invoice should match the details outlined in the PO, and any discrepancies should be addressed and resolved before payment is made.
Once the invoice is verified, approved, and processed, payment can be made to the supplier, and the transaction is complete. Receiving and inspection of goods or services, and ultimately, payment to the supplier.
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11. Which of the following statements about the role of managers
is true?
a. Managers are responsible for the success or failure of the
company.
b. Managers make up the greatest percentage of employees in a
business.
C. Managers are responsible for completing the day-to-day work
a business.
4. Managers spend most of their time planning for the future.
Che first level of management
Answers
The TRUE statement about the first (highest) level of management is 4. Managers spend most of their time planning for the future.
These managers are appointed by the owners of the business to act as agents in the interests of their principals. However, the ordering depends on the person. Sometimes, this first-level is assigned as the third-level, in reverse order.This level of management is not necessarily involved in operational activities. The managers at this level do not constitute the greatest percentage of the workforce.While first-level managers bear the responsibility for the success or failure of their company, they usually assign the function of overseeing business success and failure to the middle-level managers, who also supervise the lower-level managers.Thus, the first-level of managers are the managers who plan for the future of the company.
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There are many buyers and sellers in the market for trumpets.
1. If trumpets are normal goods, explain what will happen to price and quantity of trumpets when income in the economy increases.
2. Now assume that there are many new trumpet producers in the market. Explain what will happen to the price and quantity of trumpets in the market.
3. If there are few substitutes for trumpets, would the elasticity of demand for trumpets be relatively elastic or relatively inelastic?
Answers
If the economy's income rises, the price of a normal good like a trumpet will rise and the quantity will increases.
If the number of trumpet producers on the market increases, this means that there will be an increase in supply, which can mean greater availability of these goods and, consequently, a reduction in price.
In a situation where there are few substitutes for trumpets, demand will be relatively inelastic, as consumers are not as sensitive to price changes due to low availability.
What is the law of supply and demand?They are economic concepts related to the quantity of a good available in the market and its price, which are determined by the law of supply and demand, impacted by economic forces, such as income, producers, and policies for example.
Therefore, the greater the supply than the demand, the lower the prices, and the lower the supply, the higher the prices.
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Morricone Inc. has a position in a stock portfolio comprising the companies listed in Table 1. Correlation coefficients between stock returns are given in the correlation matrix. Table 1 Stock Position (£m) Daily Volatility 15 1.45% Eastwood Inc. Van Cleef Inc. 16 1.25% Wallach Inc. 12 1.1% Correlation Matrix Eastwood Van Cleef Eastwood 1 0.7 Van Cleef 1 Wallach Wallach 0.65 0.85 1 (a) Calculate the 5-day 95% value at risk (VaR) for the portfolio. (b) Calculate the 5-day 95% VaR for equivalent positions in the individual assets. (c) Explain and critically evaluate your results from parts (a) and (b).
Answers
The 5-day 95% Value at Risk (VaR) for the portfolio is £0.3389 million, considering the correlation matrix and daily volatilities.The individual assets' equivalent positions have VaR values of £0.3364 million for Eastwood Inc. and £0.4144 million for Van Cleef Inc.The portfolio's VaR is slightly lower than the sum of the VaR for individual assets, indicating a diversifying effect due to the correlation between Eastwood Inc. and Van Cleef Inc.
To calculate the 5-day 95% Value at Risk (VaR) for the portfolio, we need to consider the correlation matrix and the daily volatilities of the stocks in Table 1.
The formula for portfolio VaR is given by VaR_portfolio = (Portfolio Volatility) * (Z-score), where the Z-score corresponds to the desired confidence level.
(a) To calculate the portfolio VaR, we first need to determine the portfolio volatility. Using the correlation coefficients and volatilities provided, we can calculate the portfolio volatility as follows:
Portfolio Volatility = sqrt[(w1^2)*(σ1^2) + (w2^2)*(σ2^2) + 2*(w1)*(w2)*(σ1)*(σ2)*(ρ12)],
where w1 and w2 are the weights of Eastwood Inc. and Van Cleef Inc. in the portfolio, σ1 and σ2 are their respective daily volatilities, and ρ12 is the correlation coefficient between them.
Plugging in the values, we get:
Portfolio Volatility = sqrt[(15^2)*(0.0145^2) + (16^2)*(0.0125^2) + 2*(15)*(16)*(0.0145)*(0.0125)*(0.7)] = 0.2058.
Next, we need to determine the Z-score corresponding to a 5-day 95% confidence level. Assuming a normal distribution, the Z-score for a 95% confidence level is approximately 1.645.
Finally, we can calculate the portfolio VaR:
VaR_portfolio = (Portfolio Volatility) * (Z-score) = 0.2058 * 1.645 = 0.3389.
Therefore, the 5-day 95% VaR for the portfolio is £0.3389 million.
(b) To calculate the 5-day 95% VaR for equivalent positions in the individual assets, we can apply the same formula as above but consider each asset individually. For Eastwood Inc., the calculation would be:
VaR_Eastwood = (Position) * (Volatility) * (Z-score) = 15 * 0.0145 * 1.645 = 0.3364 million.
Similarly, for Van Cleef Inc., the calculation would be:
VaR_Van Cleef = (Position) * (Volatility) * (Z-score) = 16 * 0.0125 * 1.645 = 0.4144 million.
(c) The results from parts (a) and (b) show that the portfolio VaR (0.3389 million) is slightly lower than the sum of the VaR for individual assets (0.3364 million for Eastwood Inc. and 0.4144 million for Van Cleef Inc.).
This suggests that the correlation between Eastwood Inc. and Van Cleef Inc. (0.7) has a diversifying effect, reducing the overall risk in the portfolio.
However, it is important to note that the VaR measure assumes a normal distribution of returns and relies on historical data, which may not accurately capture extreme market events or changes in correlations.
Therefore, VaR should be used as a tool for risk assessment alongside other risk management techniques and considerations.
In addition, the VaR calculated here only provides an estimate of potential losses at a specific confidence level (95% in this case) over a specific time horizon (5 days).
It does not capture the possibility of losses exceeding the VaR estimate in extreme scenarios. Therefore, it is crucial to continually monitor and assess risks in the portfolio.
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a naval detachment has enough rations to feed sixteen people for 10 days. if four more people join the detachment, for how many fewer days will the rations last
Answers
The rations will last for 2 fewer days (10-8) when four more people join the detachment.
If a naval detachment has enough rations to feed sixteen people for 10 days, it means that the total amount of rations they have is enough to sustain 16 people for 10 days. Therefore, we can calculate the total number of rations as 16 x 10 = 160 rations.
Now, if four more people join the detachment, the total number of people in the detachment will be 16 + 4 = 20 people. We need to find out how many fewer days the rations will last for these 20 people.
Let's assume that the number of rations required per person per day remains constant. In that case, the total number of rations required for 20 people for one day would be 20 x rations per person per day.
We can calculate rations per person per day by dividing the total number of rations by the number of people and the number of days.
So, rations per person per day = 160/(16 x 10) = 1 ration per person per day.
Therefore, the total number of rations required for 20 people for one day = 20 x 1 = 20 rations.
If the detachment has 160 rations in total, and they need 20 rations per day for 20 people, the rations will last for 160/20 = 8 days.
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like most central banks around the world, the federal reserve does not provide deposit accounts for individuals. suppose the fed decided to issue digital currency by offering unlimited access to interest-paying deposit accounts for individuals. what problems might this cause for the financial system? instructions: in order to receive full credit, you must make a selection for each option. for correct answer(s), click the option once to place a check mark. for incorrect answer(s), click the option twice to empty the box. check all that apply there will likely be strong demand on central bank direct deposits, increasing the risk that small disturbances in the economy will cause commercial bank runs. the central bank will face pressure to direct credit as well as money and interest rates. the central bank would face pressure to let state banks decide credit, resulting in a loss of some control over fiscal policy. commercial banks will have difficulty funding illiquid loans, like mortgages, because deposits will decrease. the central bank would not add the compliance measures necessary to prevent illegal activities potentially aided by the change in finance.
Answers
A CBDC also gives the central bank of a nation the tools it needs to carry out monetary policies that promote stability, restrain economic development, and affect inflation. Digital currencies issued by central banks would also lessen the dangers associated with utilizing them as they are now.
How to invest in central bank digital currency?
CBDCs are identical to the current monetary stock of the issuing country. This implies that you must keep the currency in your account in order to invest in a CBDC.
The Federal Reserve is somewhat decentralized, in contrast to other central banks. A Board of Governors, composed of seven members chosen by the President of the United States and confirmed by the Senate, oversees operations at the federal level.
Commercial banks will borrow less reserves from the Fed if the central bank increases the discount rate. Instead, they will borrow from the federal funds market or, in more urgent cases, call in loans to replace the reserves.
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Antitrust laws have been implemented by governments to promote _____.
A. price fixing
B. competition
C. monopolies
D. bid rigging
Answers
Antitrust laws are implemented by both federal and state governments to promote B. Competition among firms.
Without these Antitrust laws implemented by governments, some companies will stifle competition and tend towards monopolies. Antitrust laws check collusion among market players who may engage in price fixing and other anti-competition practices against consumers. Particularly, these Antitrust laws frown on the formation of cartels and the concentration of economic power in fewer hands.Thus, Antitrust laws are not implemented to promote price fixing, monopolies, or bid rigging but to promote competition.
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Answer:
B. competition
What is a way Accenture plans to achieve its sustainability goals TQ Brainly?
Answers
From buildings to transportation to energy systems to cities, Accenture assists with solutions to minimize carbon emissions while promoting social and economic advantages.
It alludes to operating the business in a sustainable manner. Deep market knowledge, cutting-edge analytical capabilities, and human-led design approaches are all combined by Accenture Strategy to empower customers to move quickly and confidently.
Many businesses are convinced that exerting more effort will decrease their ability to compete and increase the expense of digital sustainability. In order to treat the need to become sustainable as a corporate social obligation, consumers will not pay more for environmentally friendly items. It is hardly unexpected that policy experts and environmental activists occasionally propose more stringent rules for governments and businesses.
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6.1.2 Exam
Which of these is a nonstore retailer?
A. Nail Salon
B. Supermarket
C. Coffee Shop
D. Catalog
Answers
Answer:
d
Explanation:
Selling products and services outside of a physical store is known as non-store retailing. Catalog is a nonstore retailer. Thus, option 'D' is the correct option.
What is a nonstore retailer?Selling products and services outside of a physical store is known as non-store retailing. It is a general phrase used to describe retailing that occurs outside of stores and shops (that is, off the premises of fixed retail locations and of market stands). Direct selling (off-premises sales) and distance selling, the latter of which includes all types of internet commerce, can be classified as the non-store distribution channel. Mail orders, catalog sales, telephone cold calling, and automated vending all fall under the category of distance selling.
Electronic commerce encompasses online shopping, internet trading platforms, travel portals, worldwide distribution networks and teleshopping. All types of selling at consumers' homes, businesses, and even garage sales are considered direct selling. Non-store retailing, commonly known as home shopping or online shopping, constantly experiences double-digit growth.
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Why do so many people continue to use payday loans despite the
financial risk?
Answers
Answer:
As this would reduce the interest that they would be liable to pay after a period.
When a buyer purchases a property that has an existing mortgage loan, the buyer does not add his or her signature to the note, meaning the buyer does not take on any personal liability. In this case, the buyer is said to:
Answers
When a buyer purchases a property that already has an existing mortgage loan, the buyer is essentially taking on the responsibility of paying off the remaining balance on the loan. However, the buyer does not need to add their signature to the note, which means that they do not take on any personal liability for the debt. This scenario is known as an assumption.
An assumption is a process where the buyer takes over the existing mortgage loan of the seller, without the need to obtain a new loan. This process can occur in various situations, such as when the seller wants to sell their property but still has an outstanding mortgage on it. In this case, the buyer can assume the mortgage and take over the payments, which helps to simplify the buying process.
Assuming a mortgage can be beneficial for both the buyer and the seller. For the buyer, they do not have to go through the lengthy process of obtaining a new mortgage, which can be time-consuming and stressful. Additionally, the terms of the existing mortgage loan may be more favorable than what the buyer could obtain on a new loan.
For the seller, an assumption can make their property more attractive to potential buyers, as it can make the buying process smoother and quicker. Additionally, if the seller has a low-interest rate on their mortgage, the buyer can assume that rate, which could make the property more desirable.
In conclusion, when a buyer purchases a property with an existing mortgage loan and does not add their signature to the note, they are said to have assumed the mortgage. This process can be beneficial for both the buyer and the seller, as it can simplify the buying process and provide favorable loan terms.
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Billy offered Shane $500 if he would run around the football stadium three times wearing a duck outfit during the playoff game. Which of the following true? 23 Multiple Choice
This is a vold contract
The offer is for a un lateral contract
This contract is enforceable only if it is in writing
This contract is enforceable only if Shane verbally or in writing accepts the offer prior to starting the run
Answers
The contract between Billy and Shane is a unilateral contract.
A unilateral contract is a contract in which one party makes an offer to another party to perform a certain act, and if the second party performs the act, then the first party is obligated to fulfill the terms of the contract. In this case, Billy made an offer to Shane to perform a specific act (run around the stadium wearing a duck outfit), and if Shane completes this act, Billy is obligated to pay him $500.
Furthermore, this contract is enforceable only if Shane verbally or in writing accepts the offer prior to starting the run. As soon as Shane begins to run around the stadium in the duck outfit, he is considered to have accepted the offer, and Billy is obligated to fulfill his part of the contract.
His contract between Billy and Shane is a unilateral contract, and it is enforceable as long as Shane accepts the offer verbally or in writing before beginning the run.
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During the 1970s, oil prices increased dramatically and caused:
Answers
During the 1970s, oil prices increased dramatically, causing economic and political impacts worldwide development . This is due to several factors, including the OPEC oil embargo, the decrease in oil supply, and the significant increase in global demand.
The Organization of Petroleum Exporting Countries (OPEC) imposed an oil embargo in 1973 as a response to western support of Israel during the Arab-Israeli conflict. This embargo restricted oil exports to countries supporting Israel, including the United States and Western Europe. This oil embargo caused oil prices to increase by 400%, which had a severe impact on Western economies as they were highly dependent on imported oil.Furthermore, the decrease in oil supply during the 1970s was caused by the decline of oil production in the United States and other countries, which were the world's leading oil producers at the time. These decreases in supply further exacerbated the impact of the embargo. As oil prices skyrocketed, businesses and consumers faced higher costs and lower purchasing power.The oil crisis also had significant political impacts. As Western economies faced an energy crisis, they began to seek alternatives to their oil dependency. They turned to new technologies such as nuclear energy and renewable resources such as wind and solar. Additionally, OPEC countries used their newfound wealth to leverage political power and influence events in the Middle East and globally.In conclusion, the oil crisis of the 1970s had far-reaching and long-lasting impacts on the global economy and politics. Its effects were felt for years to come as countries sought to reduce their reliance on oil and establish new energy policies.
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12. The right to own a business is referred to as the right
Answers
Which of the following is NOT true
A. An investor with good judgment can make guick money in futures because essentially they are trading with 10 times as much exposure as with normal stocks (assuming initial margin is 1056 of
the notional value of the future contract).
B. When the balance in the margin account falls below a maintenance margin level, they must provide variation margin bringing balance back up to initial margin level.
C. Futures margin generally represents a smaller percentage of the notional value of the contract, typically 3-1236 per futures contract as opposed to up 10 5096 of the face value of securities purchased on margin.
D. A short trader will have a gain if the futures price increases.
Answers
The statement that is NOT true is that a short trader will have a gain if the futures price increases. The answer is D.
Option D is incorrect because a short trader in futures contracts will have a gain if the futures price decreases, not increases. When a trader takes a short position in a futures contract, they are essentially selling a contract they do not own with the expectation that the price of the underlying asset will fall. If the futures price indeed decreases, the trader can buy back the contract at a lower price and profit from the difference.
However, if the futures price increases, the short trader will face losses. In this case, the trader would have to buy back the contract at a higher price than the one at which they sold it, resulting in a loss. Therefore, a short trader in futures will have a gain if the futures price decreases, not increases. Therefore the incorrect statement is option D.
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Click this link to view O*NET's Skills section for Actors.
Note that common skills are listed toward the top, and less common skills are listed toward the bottom. According to
O*NET, what are common skills needed by Actors? Select four options.
mathematics
speaking
social perceptiveness
active listening
reading comprehension
operation monitoring
Answers
Answer:
speaking, active listening, reading comprehension, social perceptiveness
Answer:
2 3 4 5
Explanation:
trust :D
Taylor organizes and manages the operations department. At the end of the day, he gathers data from his team and generates a daily report for his supervisor. Which option has helped him gather and generate all the reports quickly?
A.
adoption of an information system
B.
adoption of a transaction management system
C.
adoption of a report generation tool
D.
adoption of a data processing tool
Answers
With an adoption of a data processing tool,Taylor gathered and generate all the reports quickly.
Data Processing tool is any software tool that helps to arrange
scattered,raw and unprocessed documents( text file data, excel file
data, images, audio clips, video clips etc) into a structured, readable and
useable data that can be stored and retrieved easily.
Different types of data processing tools for different reports or
management exist and some of them include:
Excel for very small data.Tableau Qlik Sense ThoughtSpotFineReport. MicroStrategy etc
Taylor can therefore gather and generate his reports using a good data processing tool like Excel or Fine report software.
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All of the following are true regarding traditional manufacturing except a.traditional manufacturing practices tolerate defects. b.traditional manufacturing practices increase inventory to protect against process problems. c.traditional manufacturing practices decrease lead time to protect against uncertainty. d.traditional manufacturing practices emphasize product oriented layout.
Answers
Answer: c.traditional manufacturing practices decrease lead time to protect against uncertainty.
Explanation:
The traditional manufacturing practices tolerate defects and also increase inventory to protect against process problems.
It should also be noted that traditional manufacturing practices emphasize product oriented layout.
The option that traditional manufacturing practices decrease lead time to protect against uncertainty is false.
Pam's business earns 33,000 per month. Pam's non-employee expenses are $13,500 per month. If Pam wants $4,500 in profit per month, how many employees can she employ if each employee costs $3,000 per month?
Answers
The number of employee that she can employ if each employee costs $3,000 per month is 5 employees.
Using this formula
Number of employee=Business amount earn per month-Non -employee expenses per month-Profit per month/Employee cost
Let plug in the formula
Number of employee=$33,000-$13,500-$4,500/3,000
Number of employee=$15,000/3,000
Number of employee=5 employees
Inconclusion the number of employee that she can employ if each employee costs $3,000 per month is 5 employees.
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How does a speaker choose the tone of a speech?
✅by considering the occasion and what is appropriate
- by considering the issues you want to talk about
- by considering the tone of your favorite speeches
- by considering the tone of your favorite comedians
Answers
The _____________________ is an important element of the wto that commits member nations to equal treatment of other member nations.
Answers
The "Most Favored Nation" principle is an important element of the World Trade Organization (WTO) that commits member nations to equal treatment of other member nations.
This principle ensures that any advantage, favor, privilege, or immunity granted by a WTO member to another member is automatically and unconditionally extended to all other members.
1. Equality:
The principle promotes the idea of equality among member nations.
It requires that any favorable treatment given to one member must be extended to all other members on a non-discriminatory basis.
2. Trade Liberalization:
The Most Favored Nation principle helps in promoting trade liberalization by preventing member countries from engaging in discriminatory practices that could harm fair competition and impede international trade.
3. Transparency:
By adhering to the Most Favored Nation principle, the WTO ensures transparency and predictability in trade relations.
It prevents hidden barriers and ensures that trade policies are clear and consistent.
4. Example:
Let's say Country A grants Country B a preferential tariff rate on a specific product.
Under the Most Favored Nation principle, Country A must extend the same preferential tariff rate to all other WTO member countries, ensuring equal treatment and non-discrimination.
In summary, the Most Favored Nation principle is an important aspect of the WTO that promotes equality and non-discrimination among member nations.
It helps in creating a level playing field for international trade and contributes to the overall goal of trade liberalization.
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NEED HELP ASAP!
The current Medicare tax rate is BLANK
percent, this amount is deducted from your paycheck each pay period.
Answers
Answer:
1.45%
Explanation:
Medicare is a mandatory Federal tax imposed on all salaried employees. It is used to provide medicare care to older people and vulnerable groups like people living with a disability.
The current medicare rates as set by the government through IRS is 1.45 percent for the employee and 1.45 to the employer.
Culinary Solutions Inc. manufactures cooking and baking equipment and has its base in the country of Vandevar. It has approximately 300 stores across the country and is already active in three foreign countries. It attempts to establish itself in the country of Balalaika, and uses its low-cost strategy to do so. However, due to the additional costs associated with training, coordinating across geographic distances, and other costs associated with doing business in an unfamiliar cultural and economic environment, Culinary Solutions Inc. incurs huge financial losses in Balalaika. In this scenario, Culinary Solutions Inc.'s failure to establish itself successfully in Balalaika occurs most likely because
Answers
Suppose a competitive firm pays a wage of $12 an hour and sells its product at $3 per unit. Assume that labor is the only input. If hiring another worker would increase output by five units per hour, then to maximize profits the firm should.
Answers
Since the firm is operating in perfect competition, to maximize profits the firm should hire additional labor as it is the only input.
If every firm in the perfect competition is indeed a price - takers, the market is totally competitive. If a company cannot change the market rate or the cost at which they purchase inputs, they are considered pricing takers. The market price captures all the information the organization needs to know.
There are numerous buyers and sellers in a market with perfect competition, and prices always reflect market forces. Companies only make as much money as is necessary to stay in operation. Other businesses would come into the market and reduce revenues if they were expected to make excessive profits.
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Answers
the only way the project completion time can be reduced is by crashing activities on the critical path. a. true b. false
Answers
True, only by crashing activities on the critical path can the project completion time be shortened.
WHY DO PROJECTS CRASH?
Project crashing is the process of cutting the time allotted for one or more tasks within a project. Crashing is accomplished by adding more resources to the project, which enables activities to be completed faster than originally anticipated. Of course, this raises the whole project's cost as well. Therefore, the main goal of project crashing is to accelerate the project while while minimizing expenditures.
Reduced project time will result in increased costs, just as the triple constraint states. It's a compromise. The triple constraint is accounted for by crash project management, which requires you to either add more resources or scale back the project's requirements or scope. However, such harsh measures cannot be put into action without the sponsor or other important stakeholders giving their approval.
However, such harsh measures cannot be put into action without the sponsor or other important stakeholders giving their approval.
The critical route may modify or an entirely new critical path may appear as a result of a project crashing. In order to ensure that you are aware of any modifications made as a result of the project crashing, project crash management calls on you to revisit your project schedule.
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A company issues 8,000 shares of its \( \$ 10 \) par value common stock in exchange for equipment valued at \( \$ 105,000 \). The entry to record this transaction is
Answers
The entry to record the transaction of a company issuing 8,000 shares of its $10 par value common stock.
In exchange for equipment valued at $105,000 involves increasing the common stock account and recording the equipment as a non-cash asset.In this transaction, the company is exchanging its common stock for equipment.
To record this, the common stock account is increased by the par value of the shares issued. In this case, 8,000 shares with a par value of $10 per share would result in an increase of $80,000 in the common stock account.
Simultaneously, the equipment received in the exchange is recorded as a non-cash asset. The value of the equipment, which is $105,000, would be added to the asset side of the balance sheet. The specific account used to record the equipment would depend on the company's chart of accounts but might be something like "Equipment" or "Property, Plant, and Equipment."
Therefore, the entry to record this transaction would be:
Debit: Equipment $105,000
Credit: Common Stock $80,000
Credit: Additional Paid-in Capital (or other relevant equity account) $25,000
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Refer to the revenue arrangement in E18-10. Repeat the requirements, assuming (a) Geraths estimates the standalone selling price of the installation based on an estimated cost of $400 plus a margin of 20% on cost, and (b) given uncertainty of finding skilled labor, Geraths is unable to develop a reliable estimate for the standalone selling price of the installation. (Round amounts to nearest dollar.)
Answers
In scenario (a), Geraths estimates the standalone selling price of the installation as $480 based on a 20% margin on the estimated cost of $400. In scenario
The revenue arrangement in E18-10, considering the two different scenarios mentioned. Here's a concise step-by-step explanation:
1. In scenario (a), Geraths estimates the standalone selling price of the installation based on an estimated cost of $400 plus a margin of 20% on cost. To calculate the standalone selling price, first determine the margin amount: $400 * 20% = $80. Then, add the margin to the cost: $400 + $80 = $480. So, the standalone selling price of the installation is $480.
2. In scenario (b), Geraths is unable to develop a reliable estimate for the standalone selling price of the installation due to the uncertainty of finding skilled labor. In this case, Geraths should apply an appropriate estimation method that best predicts the standalone selling price, such as the expected cost plus margin approach or a residual approach if other performance obligations have an observable standalone selling price.
To summarize, in scenario (a), Geraths estimates the standalone selling price of the installation as $480 based on a 20% margin on the estimated cost of $400. In scenario (b), Geraths should use an appropriate estimation method to determine the standalone selling price of the installation, as it is not possible to develop a reliable estimate due to the uncertainty of finding skilled labor.
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jrn enterprises just announced that it plans to cut its next year's dividend from $3.00 to $2.50 per share and use the extra funds to expand its operations. prior to this announcement, jrn's dividends were expected to grow indefinitely at 4% per year and jrn's stock was trading at $27.60 per share. with the new expansion, jrn's dividends are expected to grow at 6% per year indefinitely. assuming that jrn's risk is unchanged by the expansion, the value of a share of jrn after the announcement is closest to . group of answer choices
Answers
The value of a share of JRN Enterprises after the announcement is closest to $46.43.
To calculate the value of a share of JRN Enterprises after the dividend cut and expansion, we can use the Gordon Growth Model, which states that the value of a stock is equal to its dividend divided by the difference between the required rate of return and the dividend growth rate. First, let's calculate the required rate of return (k): k = dividend yield + dividend growth rate k = ($3.00 / $27.60) + 4% k = 10.87% Next, let's calculate the new dividend (D) after the cut and expansion: D = $2.50 Using the new dividend growth rate (g) of 6% and the required rate of return (k) of 10.87%, we can calculate the value of a share of JRN Enterprises after the announcement: Value = D / (k - g) Value = $2.50 / (10.87% - 6%) Value = $2.50 / 4.87% Value ≈ $51.40 Therefore, the value of a share of JRN Enterprises after the announcement is closest to $46.43.
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5. What is the impact of the Online Funds Transfer - From Savings that
appears on John's statement?
John's Savings account balance declined by $50 and his Checking account balance
increased by $50
John's Savings account balance increased by $50 and his Checking account balance
declined by $50
John's Savings account balance had no change and his Checking account balance
declined by $50
John's Savings account balance increased by $50 and his Checking account balance
had no change
Answers
The correct statement that describes the impact of the Online Funds Transfer - From Savings on John's statement is:
John's Savings account balance declined by $50 and his Checking account balance increased by $50.
This means that $50 was transferred from John's Savings account to his Checking account through an online funds transfer. As a result, the balance in John's Savings account decreased by $50, indicating a reduction in the amount of money he has saved. Conversely, the balance in John's Checking account increased by $50, reflecting the additional funds transferred into the account. This transaction represents a transfer of funds between the two accounts, resulting in a decrease in savings and an increase in checking.
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