Answer: the producer will charge a price that is more than $3.
Explanation:
Monopolistic competition is an industry characteristics whereby there are several firms that sell goods or services that can't be called perfect substitute but are identical.
Based on the above information, since marginal revenue and marginal cost equals $3, the producer will charge a price that is more than $3. This is necessary to cover up its cost.
What ethical issues are faced by public managers who deal with contractors and with regulations of private-sector activities
Answer:
Some of these ethical issues are
1. Wages or incentives
2. Discrimination among employees
3. Issues on health and safety of employees
4. And other internal issues that may come up in the company or organization.
Explanation:
While dealing with contractors, a public manager is likely to have the issues above with contractors so he has to learn to tolerate and must also not show any form of discrimination against any employee or show any preferential treatment to any selected worker. He has to employ tact's when dealing with contractors as well as when he is dealing with his employees.
When scheduling appointments, it's necessary to schedule adequate time to ensure an appropriate
A. full schedule.
B. patient drift.
C. patient flow.
D. provider preference.
Answer:
a full schedule
Explanation:
the answe
True or false: In a stock redemption, the stock redeemed by the corporation must be immediately canceled.
Answer: False
Explanation:
A stock redemption refers to a scenario where a company calls back its shares from shareholders. Not all shares allow for this to happen as there would have to be a provision in the stock that allows it to happen.
When a company performs a redemption, they do not have to cancel the shares immediately. They can either choose to retire them or they can keep them in reserve as treasury stock.
On June 30, 2020, Sarasota Company issued $3,340,000 face value of 14%, 20-year bonds at $3,842,540, a yield of 12%. Sarasota uses the effective- interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31.
(a) Prepare the journal entries to record the following transactions. (Round answer to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
(1) The issuance of the bonds on June 30, 2020.
(2) The payment of interest and the amortization of the premium on December 31, 2020.
(3) The payment of interest and the amortization of the premium on June 30, 2021.
(4) The payment of interest and the amortization of the premium on December 31, 2021.
No. Account Titles and Explanation Debit Credit Date
(1) June 30, 2020
(2) December 31, 2020
(3) June 30, 2021
Answer:
1) June 30, 2020, bonds are issued at a premium
Dr Cash 3,842,540
Cr Bonds payable 3,340,000
Cr Premium on bonds payable 502,540
2) December 31, 2020, first coupon payment
Dr Interest expense 230,552.40
Dr Premium on bonds payable 3,247.60
Cr Cash 233,800
amortization of bond premium = ($3,842,540 x 6%) - $233,800 = -$3,247.60
3) June 30, 2021, second coupon payment
Dr Interest expense 230,357.54
Dr Premium on bonds payable 3,442.46
Cr Cash 233,800
amortization of bond premium = ($3,839,292.40 x 6%) - $233,800 = -$3,442.46
4) December 31, 2021, third coupon payment
Dr Interest expense 230,151
Dr Premium on bonds payable 3,649
Cr Cash 233,800
amortization of bond premium = ($3,835,849.94 x 6%) - $233,800 = -$3,649
During May, Bergen Company accumulated 2,500 hours of direct labor costs on job 200 and 3,000 labor hours on job 305. The total direct labor incurred at a rate of $28 per direct labor hour for job 200 and $24 per direct labor hour for job 305. Bergen Company estimates that total factory overhead costs will be $620,000 for the year. direct labor hours are estimated to be 80,000. For Bergen Company,
(a) determine the predetermined factory overhead rate using direct labor hours as the activity base
(b) determine the amount of factory overhead applied to jobs 200 and 305 in May using the information on direct labor hours.
(c) journalize the the entry to record the flow of labor costs into production during May
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Answer:
a. $7.75 per direct labor hour.
b. Job 200 = $19,375 and Job 305 = $23,250
c. Journal
Work In Process : Job 200 $19,375 (debit)
Work In Process : Job 200 $23,250 (debit)
Overheads $42,625 (credit)
Explanation:
Predetermined factory overhead rate = Budgeted Fixed Costs ÷ Estimated Direct Labor Hours
= $620,000 ÷ 80,000
= $7.75 per direct labor hour.
Application of Overheads.
Job 200 = Actual Labor hours × Predetermined factory overhead rate
= 2,500 hours × $7.75
= $19,375
Job 305 = Actual Labor hours × Predetermined factory overhead rate
= 3,000 hours × $7.75
= $23,250
One argument for the idea that customer demands for local customization are on the decline worldwide is that
Answer: customer tastes have converged worldwide.
Explanation:
The options to the question are:
A. governments across the world are standardizing their legal procedures.
B. customer tastes have converged worldwide.
C. high costs of local customization are deterring companies from doing so.
D. managers worldwide ignore the differences in consumer tastes and preferences.
E. local and indigenous industries are increasingly filling up available demand
Local customisation is simply the implementation of creative ideas with a particular brand. argument for the idea that customer demands for local customization are on the decline worldwide is that customer tastes have converged worldwide.
A company uses the weighted average method for inventory costing. At the start of a period the production department had 28,000 units in beginning Work in Process inventory which were 44% complete; the department completed and transferred 169,000 units. At the end of the period, 26,000 units were in the ending Work in Process inventory and are 79% complete. The production department had conversion costs in the beginning goods is process inventory of $103,000 and total conversion costs added during the period are $726,925. Compute the conversion cost per equivalent unit.
Answer:
$4.38 per unit
Explanation:
The computation of the conversion cost per equivalent unit is shown below:
The conversion cost per equivalent unit is
= Total conversion cost ÷ conversion cost units
where,
Total conversion cost is
= Beginning work in process + added cost
= $103,000 + $726,925
= $829,925
And, the conversion units is
= Transferred units + ending work in process units × completion percentage
= 169,000 units + 26,000 units × 0.79
= 169,000 units + 20,540 units
= 189,540 units
So, the conversion cost per unit is
= $829,925 ÷ 189,540 units
= $4.38 per unit
What rules should brokers follow to decrease the possibility of lawsuits?
a) Property inspection rules
b) Office policy rules
c) Licensing rules
d) Agency disclosure rules
Answer:
Property inspection rules
Explanation:
Property inspection rules ensure that routine inspection is carried out on a property to ensure it is well cared for.
When a buyer of real estate makes a purchase and realises that the property has defects that were not disclosed initially, he can sir the seller and the broker.
To avoid this the broker should ensure that property inspection rules are followed.
The tenant should also be aware of the inspection and have access to the result. This will give him adequate knowledge of the defects of the property prior to purchase.
With this fore knowledge it is less likely the buyer will sue for undisclosed defects.
You are considering purchasing a put option on a stock with a current price of $26. The exercise price is $28, and the price of the corresponding call option is $2.65. According to the put-call parity theorem, if the risk-free rate of interest is 6% and there are 90 days until expiration, the value of the put should be ____________.
Answer: $4.24
Explanation:
According to the Put-Call Parity, the value would be expressed by;
Put Price = Call price - Stock price + Exercise price *e^-(risk free rate *T)
T is 90 days out of 365 so = 90/365
= 2.65 - 26 + 28 * 2.71 ^ (-0.06 * 90/365)
= $4.24
Answer:
-22.42
Explanation:
Given,
Stock = $26, Call = $2.65, Exercise price = $28, Risk-free rate = 6%, Time = 0.24657 (90 / 365)
The put-call parity formula is [tex]$ C+Ke^{-rT} = P+S_0 $[/tex] where:
C = Call Price, K = Exercise Price, r = Risk-Free Rate, T = Time to Expiration,
P = Put Price, and [tex]$S_0$[/tex] = Stock Price
Subtracting [tex]$S_0$[/tex] from both sides, we get
[tex]$ P=C+Ke^{-rT} -S_0 $[/tex]
[tex]$P= 2.65 + 28 e^{-(6)(0.24657)}-26 $[/tex]
[tex]$P= 2.65 + 28 e^{-(1.47942)}-26 $[/tex]
[tex]$P= 2.65 + (28) (0.033157)-26 $[/tex]
= -22.42
Vernon theorizes that as the market in the United States and other advanced nations matures, _____ becomes the main competitive weapon.
Answer:
Explanation:
The product becomes more standardized, and price becomes the main competitive weapon. Meaning that in a mature nation resources and opportunities are plentiful and companies are easily able to enter a market and compete with existing markets by producing the same products. Doing so would saturate the market with similar products, causing competition to depend strictly on pricing.
Which of the following are factors that provide legal and ethical constraints in business communication?
a) Stakeholder interests
b) Codes of ethics
c) Team synergy
d) High-touch issues
Answer:
a) Stakeholder interests
b) Codes of ethics
Explanation:
Legally a firm is to act in the best interest of its shareholders at all times. This therefore applies to Business communication which should be done only in a way that will best serve stakeholder interest with anything else being a potential breach of legality.
The firm's Code of Ethics is meant to lead the firm in an ethical manner and so they must abide by it in Business communication to ensure that the process is ethical by their own definition.
Consider the following transactions:________. a. Purchased equipment for $130,000 cash. b. issued S14 par preferred stock for cash. c. Cash received from sales to customers of 535,000. d. Cash paid to vendors, 517,000. e. Sold building for $19,000 gain for cash. f. Purchased common treasury shares for 528,000. g. Paid a notes payable with 1,250 of the company's common shares. Requirement Identify the category of the statement of cash flows in which each transaction would be reported.
Answer:
a. Investing Activities
b. Financing Activities
c. Operating Activities
d. Operating Activities
e. Investing Activities
f. Financing Activities
g. Non - Cash Financing Activities
Explanation:
The Cash Flow Statement is Prepared under the Following Categories :
1. Operating Activities
Reports the cash flows from the ordinary course of business. Example is cash collection from customers.
2. Investing Activities
Reports the cash flow from sale or acquisition of assets. Example is the sale of the Building.
3. Financing Activities
Reports the cash raised by issuing financial instruments and the repayment there-off. Example is the issue of Preference Shares for Cash.
Non - Cash Items
These are not reported in the Cash flow statement because they do not include movement of cash.
What is the expected return if a firm has a payout ratio of 0.4, a return on equity of 25%, and a dividend yield of 6%
Answer:
21%
Explanation:
We can calculate the expected return of a firm by add dividend yield and growth rate but in this question, the growth rate is not given therefore we will find growth rate first with the available data
DATA
Payout ratio = 0.4
Return on equity = 25%
Dividend yield = 6%
Solution
Growth rate = Return on equity x retention ratio
Growth rate = Return on equity x (1 - payout ratio)
Growth rate = 25% x (1-0.4)
Growth rate = 25% x 0.6
Growth rate = 15%
Expected return = Dividend yield + growth rate
Expected return = 6% + 15%
Expected return = 21%
An effective strategic manager will always view the organizational structure as an impediment to strategy implementation.A. TrueB. False
Answer:
B. False
Explanation:
It is false to say that an effective strategic manager will always view the organizational structure as an impediment to strategy implementation. Organizational structure is very important because it provides clarity and good guidance to the issues of human resources. It is important for strategy implementation as it promotes operational efficiency.
$25,000, and you expect it to appreciate 10 percent per year in value, how much will your land be worth 10 years
Answer:
$64,843.56
Explanation:
If you purchase a parcel of land today for $25,000 and you expect it to appreciate 10 percent per year in value, how much will your land be worth 10 years from now.
Appreciation value = (1+r)^n × PV
Where,
r= appreciation rate = 10%
n= number of years = 10 years
PV = present value = $25,000
Appreciation value = (1+r)^n × PV
= (1 + 10%)^10 × 25,000
= (1 + 0.1) ^10 × 25,000
= (1.1)^10 × 25,000
= 2.5937424601 × 25,000
= 64,843.5615025
Approximately $64,843.56
The land will be worth $64,843.56 in 10 years from now
Which statement is true regarding the Preferred Vendor field in Product and Services items?A. You can add more than one preferred vendor to each product/service item.B. You can create a new vendor from the product/service information screen.C. Preferred vendors must be assigned to utilize Price rules.
Answer: B. You can create a new vendor from the product/service information screen
Explanation:
The statement that is true regarding the Preferred Vendor field in Product and Services items is that can create a new vendor from the product/service information screen.
Other statements given in the question such as adding more than one preferred vendor to each product/service item and Preferred vendors must be assigned to utilize Price rules are not true.
Therefore, option B is the correct answer.
A firm has $600,000 in current assets and $150,000 in current liabilities. Which of the following is correct if it uses cash to pay off $50,000 in accounts payable?
1) Current ratio will increase to 5.0.
2) Net working capital will increase to $500,000.
3) Current ratio will decrease.
4) Net working capital will not change.
Answer:
4) Net working capital will not change.
Explanation:
The best answer to the question is the 4th option. The net working capital will not be changed if company would be usingcash to pay off their accounts payable. Also the difference that exists between current assets and current liabilities will also stay the same way as it was before. current ratio will go up to 5.5.
Thank you.
Suppose a firm is producing in the long run. When it produces 2,000 units of output, its total cost is $4,000. When it produces 2,300 units of output, its total cost is $4,100, and when it produces 2,600 units of output, its total cost is $4,200.
This firm is experiencing (constant, decreasing, increasing, increasing then decreasing, decreasing then increasing) returns to scale.?
Answer:
This firm is experiencing Decreasing return to scale
Explanation:
ATC = TC/Q
ATC (2,000) = $4,000/2000 unit = 2
ATC (2,300) = $4,100/2,300 unit = 1.78
ATC (2,600) = $4,200/2600 unit = 1.62
The ATC is decreasing, hence it is decreasing return to scale.
How much would $10,000 due in 20 years be worth today if the discount rate were 6.5%?
Answer:
PV= $2,837.97
Explanation:
Giving the following information:
Future value= $10,000
Number of periods= 20 years
Interest rate= 6.5% compounded annually
To calculate the present value, we need to use the following formula:
PV= FV/(1+i)^n
PV= 10,000/(1.065^20)
PV= $2,837.97
Why is it that incidental beneficiaries cannot enforce rights under a contract? Should they be able to enforce such rights?
Answer:
He cannot enforce or demand for any right in a contract as he was not even supposed to gain anything in the first place.
Explanation:
This is because they get unintended benefits from contracts. Incidental beneficiaries benefits from a contract even though that benefit is not part of why the contract was made. So these rights cannot even be enforced because none of the parties involved went into the contract for the sake of the incidental beneficiary. An incidental beneficiary only gets to benefit out of mere luck from two other parties therefore he cannot enforce or demand for any right. He is just a third party.
Agent Emily's listing was sold by another agent in her brokerage. Emily is entitled to a:______.a. selling side commission.
b. neutral party commission.
c. equal party commission.
d. listing side commission.
Consider the following facts for health haven?
Requirements
1. How much are cash dividends?
2. What was the amount of the cash receipt from the sale of plant assets?
Requirement 1. How much are cash dividends?
Cash dividends are $______.
Requirement 2. What was the amount of the cash receipt from the sale of plant assets?
The cash receipt from the sale plant assets is $:_________.
Answer:
attached below is the missing part of the question
$17000
Explanation:
1) calculate the cash dividends
= beginning earnings + net income for the period - ending retained earnings
= $44000 + $57000 - $68000 = $33000
2 ) calculate the amount of cash receipt from the sale of plant assets
first we will calculate the dep on sale of plant products
= beginning accumulated depreciation + depreciation expense - ending accumulated depreciation
= 22500 + 12000 - 24500 = $10000
next we calculate the cost of sale of plant assets
= beginning plant asset + acquisition new plant assets - ending plant asset
= $123500 + $29000 - $131500 = $21000
Hence the cash receipt from the sale plant assets = cost of sale of plant assets - dep on sale of plant products + gain on the sale of plant assets
= 21000 - 10000 + 6000 = $17000
Duddy Kravitz owns the Saint Viateur Bagel store. His world famous bagels are hand rolled, boiled in honey-water and baked in a wood-burning oven. The store sells 5,000 bagels per day and is open 365 days of the year. The bagels are so popular that, on weekends, the customer line-up runs half-way down the block. Uncle Benjy thinks that the wood-fired oven should be replaced by a modern gas oven, which would reduce costs by $0.02 per bagel. A new oven would cost $105,000.Duddy is considering Uncle Benjy's idea, but he only plans to be in business for another two years. The bagels are sold for $0.75 each. The cost of producing each bagel with the wood-burning oven is $0.50 which includes labor and raw materials. The current oven was purchased thirty years ago for $20,000. It could be sold today for $5,000 and will be worth $3,000 in two years. A new oven costs $105,000 today and could be sold for $55,000 in two years. Duddy's cost of capital is 9%. Assume that investment cash flows occur immediately, and that sales and production costs occur at the end of the year. Assume that both ovens are classified as 10-year property and depreciated using the MACRS system. The tax rate is 35%.What are the terminal year cash flows?a. 30,340b. $36,500c. $62,260d. $90,600e. $94,500
Answer:
No option is even close. With yearly revenues of $1,368,750 and a contribution margin ratio of 36% and 33.33%, the cash flows are in the hundreds of thousands of $.
Explanation:
new oven:
contribution margin per bagel = $0.75 - $0.48 = $0.27
units sold per year = 5,000 x 365 = 1,825,000 x $0.27 = $492,750
initial outlay = $105,000 - [$5,000 x (1 - 35%)] = $103,250
depreciation year 1 = 10% x $105,000 = $10,500
depreciation year 2 = 18% x $105,000 = $18,900
after tax salvage value = $55,000 - [($55,000 - $75,600) x 35%] = $62,210
cash flow year 1 = [($492,750 - $10,500) x (1 - 35%)] + $10,500 = $323,962.50
cash flow year 2 (terminal cash flow) = [($492,750 - $18,900) x (1 - 35%)] + $18,900 + $62,210 = $389,112.50
old oven:
contribution margin per bagel = $0.75 - $0.50 = $0.25
units sold per year = 5,000 x 365 = 1,825,000 x $0.25 = $456,250
initial outlay = $0, and since the oven has been completely depreciated already, the depreciation expense is $0.
after tax salvage value = $3,000 x (1 - 35%) = $1,950
cash flow year 1 = $456,250 x (1 - 35%) = $296,562.50
cash flow year 2 (terminal cash flow) = [$456,250 x (1 - 35%)] + $1,950 = $298,512.50
"is the curse of mature markets whereby products lack any real means of differentiation and customers see competing products as offering roughly the same benefits."
Answer:
Commoditization
Explanation:
This is known as commoditization. Commoditization can be defined as a a process whereby goods and services can no longer be distinguished from similar offerings that is being made by a rival company. In a particular category such goods are so alike that for you to find the difference between them, you do so via the price tags
Why might prevention costs be referred to as an investment while failure costs might be referred to as true costs
Answer: Prevention cost is used to protect equipments and assets and as such is an investment.
Explanation:
Prevention cost like the name suggests is a cost incurred in the process of keeping a machine or equipment in a working condition to avoid a future breakdown which might lead to a loss in profit for the company. This is why it is referred to as an investment because it is done to prevent the loss of profit due to downtime a breakdow of the machine or equipment would cause.
Failure cost is a true cost because it arises from a loss incurred by the company through production or it capital invested in the business.
"You want to invest your savings of $20,000 in government securities for the next 2 years. Currently, you can invest either in a security that pays interest of 8% per year for the next 2 years or in a security that matures in 1 year but pays only 6% interest. If you make the latter choice, you would then reinvest your savings at the end of the first year for another year. Why might you choose to make the investment in the 1-year security that pays an interest rate of only 6%, as opposed to investing in the 2-year security paying 8%
Answer:
Explanation:
In the former case that is investment in security that pays interest of 8% per year for the next 2 years , there is provision of fixed interest rate . That means one can be assured of interest rate of 8 % for two years but he can not get benefit of market fluctuation if interest rate if it rises above 8 % after one year .
In case of investment in security that matures in 1 year but pays only 6% interest , one can take the benefit of market fluctuation if interest rate rises above 8 % . So if there is likelihood that interest rate can rise above 8 % in future , one should invest in 6% security for one year and reinvest it after one year , in the same security or in other security which fetches higher rate of interest .
Apart from that , if there is a contingent liability of paying after one year , one can not go in for 2 year security as it will have to break prematurely , that will result in loss of interest .
So due to situation described above, one should prefer investment in one year security .
what should you use to clean and power tools?
Maria Maya Good X Good Y Good X Good Y 90 0 60 0 60 30 40 10 30 60 20 20 0 90 0 30 Refer to Exhibit 3. For Maya, the opportunity cost of producing one unit of good X is ___________ unit(s) of good Y.
Answer:
The answer is
0.5 units of Good Y
Explanation:
The tabulated data is not properly arranged, let me try to arrange the data:
Maria Maya
Good X Good Y Good X Good Y
90 0 60 0
60 30 40 10
30 60 20 20
0 90 0 30
Opportunity cost refer to the amount of benefit given up by the choosing of an alternative. In this example, as quantity of Good Y increased for Maya, the quantity of Good X reduced, hence Good X was given up to acquire Good Y
To calculate the oppotunity cost for producing one unit of good X for Maya, we will find the ratio of the difference between the highest and the lowest quatities for each good.
Good X ; (Highest quantity) - (Lowerst quantity) = 60 - 0 = 60
Good Y ; (Highest quantity) - (Lowerst quantity) = 30 - 0 = 30
∴ Opportunity cost of producing one unit of good X= 30 ÷ 60 = 0.5 units of good Y
This means that for every one unit of X produced, 0.5 unit of Y is given up in the process
Marketing is the activity, set of institutions, and processes that create, capture, communicate, and ______ value.
Answer:
deliver
Explanation:
Marketing can be defined as a business strategy for an organization whose focus is to build a strong relationship with the consumer and deliver value. Through well-planned marketing strategies consistent with the company's objective, it is possible to attract and retain customers, in addition to increasing the company's position in the market.
Generating value for the company and the customer, is one of the focuses of marketing, this is a complex strategy that is achieved by aligning what the company is with the image that it intends to convey to the consumer.
Value is achieved through effective communication, good service, quality, image, company values, price, etc.
A company that builds value for the customer is a company that achieves reliability in the market, which guarantees greater consumer loyalty, greater market share and greater competitiveness, which consists of a successful strategy for achieving organizational objectives and goals.
An instrumental value is a desired end state or outcome that people seek to achieve.
A. True
B. False
Answer:
verdadero
Explanation:
Los valores instrumentales son aquellas formas de actuar específicas que una persona utiliza en un momento determinado para alcanzar un objetivo deseado
The instrumental value or worth of objects that provide a means to some desirable end, that satisfy some human needs and wants. Thus, instrumental value is a desired end state or outcome that people seek to achieve is true.
What is an instrumental value?Instrumental value is the value that something has because it helps us to get or achieve something else for example money. It is the value or worth of objects that provide a means to some desirable end, that satisfy human needs and wants.
In moral philosophy, instrumental and intrinsic value are the distinction between what is a means to an end and what is as an end in itself. Things are deemed to have instrumental value if they help one achieve a particular end.
Therefore, the statement mentioned in the question is true.
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