Answer: c. to Q in the long run.
Explanation:
A decrease in money supply will mean a decrease in the amount that households have for consumption. This will decrease Aggregate demand and force it to the left where it will then intersect with the SRAS at point R.
This will mean that the economy is in a recessionary gap as they are producing less than they can.
In the long run, the reduced economic activity will mean that some costs of factors of production like wages will be lower so more companies will hire labor and produce more which will increase the production in the economy.
This will move the SRAS curve to the right where it will intersect with the AD curve and the LRAS curve at point Q.
Smith Corporation has variable costs equal to $5.10 per unit, fixed costs of $11,000, and total output equal to 240 units. What is the total cost
Answer:
Total cost= $12,224
Explanation:
Giving the following information:
Smith Corporation has variable costs equal to $5.10 per unit, fixed costs of $11,000, and total output equal to 240 units.
To calculate the total cost, we need to use the following formula:
Total cost= fixed costs + unitary variable cost*number of units
Total cost= 11,000 + 5.1*240
Total cost= $12,224
Consider the following per unit data for Jennifer Company, a seller of tables and chairs: What is the weighted-average unit contribution margin for Jennifer Company?
Answer:
$28 per unit
Explanation:
since the information is missing, I looked for similar questions:
contribution margin per chair = $50 - $35 = $15
contribution margin per table = $200 - $120 = $80
sales mix: 4 chairs + 1 table
contribution margin per sales mix = (4 x $15) + $80 = $140
weighted average contribution margin = $140 / 5 = $28
The total cost to produce 100 widgets on Monday was $100. On Tuesday, 105 widgets were produced costing a total of $105. What is the marginal cost in dollars of producing widgets?
Answer:
Marginal cost = $1
Explanation:
Monday:
100 widgets cost $100
Tuesday :
105 widgets cost $105
Marginal cost (MC) of production is the change in the total cost of a product that arises from producing one additional unit of that product.
The marginal cost (MC) is calculated by dividing the change in the total cost (C) by the change in quantity (Q).
Marginal cost = Change in Total cost / change in Quantity
= (105 - 100) / (105 - 100)
= 5 / 5
= 1
Marginal cost= $1
Answer:
The marginal cost in dollars of producing widgets is $1
Explanation:
If the total cost (TC) of producing 100 widget on Monday is $100 and the total cost of producing 105 widget on Tuesday is $105, the marginal cost (MC) of producing the widgets is
Marginal cost widgets = Change in TC / Change in Widget produced
MC = $105 - $100 / 105 - 100
MC = $5/5
MC = $1
One role of marketing communications in the problem recognition stage of the purchase decision-making process is to:
Answer: help distribution partners identify product availability problems.
Explanation:
The options are:
a. alert the company about problems in conveying a message to target consumers.
b. resolve consumer problems with customer service outreach.
c. remind consumers of existing needs.
d. help distribution partners identify product availability problems.
e. educate consumers about features and benefits.
One role of marketing communications in the problem recognition stage of the purchase decision-making process is to help distribution partners identify product availability problems.
It should be noted that marketing communications can help identify the needs or problem that consumers have.
Under which of the following conditions is job dissatisfaction not likely to translate into turnover?a. Employees have high education and ability. b. Employees have negative core self-evaluation. c. Employees have supportive relationships with their co-workers. d. Employment opportunities are scarce. e. Employees experience emotional contagion
Answer:
a. Employees have high education and ability.
Explanation:
There are various reasons for not satisfying with the job i.e. package, benefits, pressure, monotonous work, etc also it should be transform into a turnover in the case when the job opportunities are more
But when the employee has human capital i.e. in terms of high education and ability than this would not be transform into a turnover
Therefore in the given situation, the option B is correct
There is a bond that has a quoted price of 98.613 and a par value of $2,000. The coupon rate is 6.66 percent and the bond matures in 18 years. If the bond makes semiannual coupon payments, what is the YTM of the bond?
Answer:
The Yield to Maturity of the Bond (YTM) is 113.86 %
Explanation:
The Yield to Maturity of the Bond (YTM) can be determined using a Financial Calculator as follows :
Pv = -$98.613
Fv = $2,000
p/yr = 2
n = 18 × 2
Pmt = ($2,000 × 6.60%) ÷ 2 = $66
r = ?
Using a Financial Calculator r is 113.86 %.
A publicly traded construction company reported that it just paid off a loan that it received 1 year earlier. If the total amount of money the company paid was $1.7 million and the interest rate on the loan was 11% per year, how much money did the company borrow 1 year ago
Answer:
PV= $1,521,531.53
Explanation:
Giving the following information:
Future value= $1,700,000
Number of periods= 1 year
Interest rate= 11%
To calculate the initial value of the loan, we need to use the following formula:
PV= FV/(1+i)^n
FV= future value
n= number of periods
i= interest rate
PV= present value
PV= 1,700,000/1.11
PV= $1,521,531.53
A year of unusually good rainfall has made it cheaper to irrigate farmlands. However, a popular new diet has persuaded some consumers to stop eating vegetable oil, a product often made from canola. What impact have these two changes had on the equilibrium price and quantity sold of canola?
Answer:
1)Price has decreased and the effect on quantity cannot be determined
Explanation:
As of good rainfall there is a rise in supply of canola that means the shifting o feh supply curve could be right also the demanded for the vegetable oil would decline that means the demand is falling so the demand curve would shift to the left
Therefore, the equilibrium would fall but it is unable to figure out whether the quantity would rise or not without considering the elasticities of the demand and the supply curve
Hence, the correct option is 1
A company issues a ten-year bond at par with a coupon rate of 6.5% paid semi-annually. The YTM at the beginning of the third year of the bond (8 years left to maturity) is 8.6%. What is the new price of the bond
Answer:
$880.31
Explanation:
For computing the new price of the bond we need to apply the present value formula i.e to be shown in the attachment
Given that,
Assuming Future value = $1,000
Rate of interest = 8.6% ÷ 2 = 4.3%
NPER = 8 years × 2 =
PMT = $1,000 × 6.5% ÷ 2 = $32.5
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after applying the above formula, the present value is $880.31
The management accountant at Jang Manufacturing Co. collected the following data in preparation for a life-cycle analysis on one of its products, a leaf blower: The stage of the sales life cycle the product is in is:
Complete Question:
The management accountant at Jang Manufacturing Co. collected the following data in preparation for a life-cycle analysis on one of its products, a leaf blower: Item This Year Change Over Last Year Average Annual Change Over the Last Four Years Annual sales $3,200,000 -2.4% +3.5% Unit sales price 500 -2.1% +3.3% Unit profit 100 -10.0% +2.0% Total profit 700,000 -1.2% +3.0% The stage of the sales life cycle the product is in is:
Answer:
Jang Manufacturing Co.
The stage of the sales life cycle the product is in is:
The introduction stage.
Explanation:
a) Life-Cycle Analysis of the Leaf Blower:
Item This Year Change Average Annual Change
Over Last Year Over the Last Four Years
Annual sales $3,200,000 -2.4% +3.5%
Unit sales price 500 -2.1% +3.3%
Unit profit 100 -10.0% +2.0%
Total profit 700,000 -1.2% +3.0%
b) The sales life cycle is a series of sales steps that the seller takes in order to convert a customer to make a buying decision. It starts with the introduction stage when the seller creates customer awareness. At this stage of the sales life cycle, the product can be likened to a potential STAR. Like Stars with potential, the initial sales efforts can eventually grow to become successful customer closes.
The expanded flow of domestic oil production has increased the demand for oil storage facilities because
Answer:
C.the traditional means of domestic transport have proved insufficient to handle the expanded flow of domestic oil production.
Explanation:
Here are the options to this question :
A.international oil demand has outstripped supply so more oil must be on hand in storage.
B.the demand for oil has fallen so more has to be kept in storage.
C.the traditional means of domestic transport have proved insufficient to handle the expanded flow of domestic oil production.
D.international oil storage facilities have been destroyed as a result of civil wars.
To achieve the human resource management goal of promoting individual growth and development, organizations should:
Answer:
implement wide range of human engagement activities
Explanation:
In order to increase or at-least maintain the individual growth in any organisation the company shall engage each and every human in various activities.
This not only ensures human engagement in the company, but also a mental and physical boost to the employees.
When an employee is involved in several areas or activities he considers himself to be of vital importance as the organisation considers his views in various areas.
Further with multiple areas to perform the employee enhances his capacities and areas to grow as an individual.
According to the liquidity premium theory, if the one-year interest rate over the next five years is expected to be 2%, 2.5%, 3.2%, 3.9%, and 4.2% per year respectively, and the liquidity premium for the same years are 0%, 0.5%, 1%, 1.5%, and 2%. What would be the interest rate on a four-year bond
Answer: 4.4%
Explanation;
Using the liquidity premium theory, the interest rate on the bond would be the average of one-year interest rates up to the year of interest plus the liquidity premium in the year of interest.
Interest on four-year bond = Average of one year rates up to Year 4 + Year 4 liquidity
= (( 2 + 2.5 + 3.2 + 3.9)/4) + 1.5
= 2.9 + 1.5
= 4.4%
The management of Penfold Corporation is considering the purchase of a machine that would cost $310,000, would last for 5 years, and would have no salvage value. The machine would reduce labor and other costs by $74,000 per year. The company requires a minimum pretax return of 12% on all investment projects.The net present value of the proposed project is closest to (Ignore income taxes.):__________
Answer:
NPV = $-43246.56103 rounded off to - $43246.56
Explanation:
The Net Present Value or NPV is a tool used to evaluate projects. It is used with various other tools to decide whether to undertake a project or not. To calculate the Net Present Value or NPV, we take the present value of the cash inflows provided by the project and deduct the initial cost of the project.
NPV = CF1 / (1+r) + CF2 / (1+r)^2 + ... + CFn / (1+r)^n - Initial Cost
Where,
CF1, CF2, ... represents cash flow in Year 1, Year 2 and so on.r is the required rate of returnNPV = 74000 (1+0.12) + 74000 (1+0.12)^2 + 74000 (1+0.12)^3 + 74000 (1+0.12)^4 + 74000 (1+0.12)^5 - 310000
NPV = $-43246.56103 rounded off to - $43246.56
At the beginning of October, Cozier Corporation had $34,000 of raw materials on hand. During the month, the company purchased an additional $78,000 of raw materials. During October, $92,000 of raw materials were removed from the storeroom for use in production. The credits to the Raw Materials account for the month of October total:
Answer:
$92,000
Explanation:
As we know that the raw material inventory debited by the starting balance amount, purchase amount but it would be credited by the material used or transferred amount to the WIP inventory
As we can see that the $92,000 is requisitioned i.e. transferred to the WIP inventory so the same is to be reflected in the credit amount
Hence, the credit to the raw material account is made for $92,000
We assume that requisitioned word is used instead of removal
What term is used to mean employee expertise and politeness and their ability to convey trust?
Answer:
The term is Assurance
Explanation:
Assurance is the term that is used to mean employee expertise and politeness and their ability to convey trust. It refers to the employee's knowledge and courtesy and thereby shows his ability to convey trust.
Employees that possess the virtue of assurance in the workplace give their employers the opportunity to trust them. Such employees perform well at work.
If the cost to buy a part is less than the direct material, direct labor, and incremental overhead cost of making the part, the company should buy the part.
a. True
b. False
Answer:
a. true
Explanation:
because the part is less expensive than the other one making it the better option
If the cost to buy a part is less than the direct material, direct labor, and incremental overhead cost of making the part, the company should buy the part True.
Describe some instances of direct materials.The actual components that make up a product are known as direct material. Flour, eggs, yeast, sugar, oil, and water are a few of the direct components used by a baker, for instance. When performing various sorts of financial analysis, the direct materials concept is employed in cost accounting to categorize this cost individually.
In decision-making, what is incremental cost?A product's incremental cost is the overall expense incurred as a result of the production of an additional unit of the product. When producing an additional unit of output, additional costs for raw materials and other production-related costs must be considered.
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Consumer sovereignty and "dollar votes" are most related to which fundamental question about a competitive market system?
Answer:
What will be produced.
Explanation:
Consumer sovereignty is the theory that consumer preferences determine the production of goods and services. This means consumers can use their spending power as 'votes' for goods. In return, producers will respond to those preferences and produce those goods.
A competitive market system is one that involves many buyers and sellers. This is a system where the supply and demand for goods and services largely determines what is produced, how it's to be produced, how much is produced, how the output is to be distributed, and how the economy absorbs change.
Which one of the below is the MAJOR responsibility of a businessperson:
A) Making as much money as possible to distribute in dividends to stockholders
B) Making the value of the company increase by generating increasing revenues and profits
C) Making as little income as possible that is taxable in order to minimize the government's cut
D) Making sure the company is legally compliant with all reporting and other regulatory requirements
E) Making as much money as possible for the employees to share in salary, bonus and benefits
Answer:
B) Making the value of the company increase by generating increasing revenues and profits
Explanation:
The main responsibility of a manager is to increase the company's value in order to increase the wealth of its owners. Of course this should be done in a legal way, e.g. a drug lord that makes millions can't be considered a good businessperson. The responsibility of a manager do not end there, they also have a duty with all the stakeholders of the company, starting with the employees, the government, the environment, their customers, and society as a whole.
The minimum wage is an example of a Group of answer choices price ceiling. price door. price wall. price floor.
Answer:
price floor
Explanation:
A price ceiling is a limit that is established by the government that determines the highest price that can be charged for a product or service.
A price floor is a control that is established by the government that determines the lowest price for a product or service.
According to this, the answer is that the minimum wage is an example of a price floor because it determines the minimum amount that a company can pay to a worker.
The other options are not right because a price ceiling establishes the highest price for a product and price door and price wall are not price controls.
why is it necessary to maintain a fixed asset register and what does it enable you to do?
Answer:
There is financial consequence to not maintaining an accurate asset register. Every business should know at any given time where their assets are and in what condition they are in. The tracking of assets can prevent theft and loss and the maintenance of assets can extend the life of the asset. There are major tax benefits to any business tracking their assets correctly. In most cases it is a statutory requirement to have an asset register.
Explanation:
Market failure can be caused by low consumer demand. externalities and market power. equilibrium prices. high prices and foreign competition.
Answer:
Externalities and market power.
Explanation:
Market failure is the economic situation defined by an inefficient distribution of goods and services in the free market.
A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.
A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation
When a firm has market power, he usually sell above equilibrium price so that there is no equilibrium in the market. This can lead to inefficiency and market failure
Brockton Carpet Cleaning prepares a bank reconciliation at the end of every month. At the end of July, the balance in the general ledger checking account was $2,750 and the bank balance on the bank statement was $2,980. Outstanding checks totaled $680 and deposits in transited were $400. The bank statement revealed that a check written for $120 was incorrectly recorded by Brockton as a $220 disbursement. The bank statement listed service charges and NSF check charges totaling $150. The corrected cash balance is:
A. $2,270.
B. $2,550.
C. $2,470.
D. $2,700.
The corrected cash balance is $2,550. Hence the correct answer is option B.
We must perform a thorough bank reconciliation process, adjusting the balances along the way, in order to determine the corrected cash amount.
Starting with the balance on the bank statement
Bank Statement Balance: $2,980
Step 1: Add deposits in transit
Deposits in Transit: +$400
Adjusted Bank Statement Balance: $2,980 + $400 = $3,380
Step 2: Deduct outstanding checks
Outstanding Checks: -$680
Adjusted Bank Statement Balance: $3,380 - $680 = $2,700
Now, let's move on to the general ledger (GL) checking account balance:
General Ledger Checking Account Balance: $2,750
Step 3: Deduct the incorrect recording of the check
Incorrect Recording: -$100 ($220 - $120)
Adjusted GL Checking Account Balance: $2,750 - $100 = $2,650
Step 4: Add service charges and NSF check charges
Service Charges and NSF Charges: -$150
Adjusted GL Checking Account Balance: $2,650 - $150 = $2,500
Now, we compare the adjusted balances:
Adjusted Bank Statement Balance: $2,700
Adjusted GL Checking Account Balance: $2,500
Since the corrected cash balance should be the same in both the bank statement and the general ledger, the correct answer is $2,550.
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Calculate total manufacturing overhead costs. First determine the formula, then calculate the total manufacturing overhead costs. (Enter currency amounts in thousands and not in dollars.) Total manufacturing + + = overhead costs
Answer:
1.
a. Airplane seats is classified as Direct material $220
b. Production supervisors' salaries is classified as Indirect Labour $100
c. Depreciation on forklift is classified as Other Manufacturing Overhead $30
d. Machine lubricants classified as Indirect Material $40
e. Factory janitors' wages classified as Indirect labour $35
f. Assembly workers' wages classified as Direct Labour $650
g. Property tax on corporate marketing offices classified as Period total $15
h. Plant utilities classified as other Manufacturing Overhead $190
I. Cost of warranty repairs classified as Period total $245
j. Machine operators' health insurance classified as Direct Labour $60
k. Depreciation on administrative offices classified as Period total $20
l. Cost of designing new plant layout classified as Period total $180
m. Jet engines classified as Direct material $1,700
1b.Total
Total Direct material $1,920
Total Direct labor $710
Total Indirect material$40
Total Indirect labor $135
Total Other Manufacturing Overhead $220
Total Period Total $460
2.Total manufacturing overhead costs $395
3.Total inventoriable product costs $3,025
4.Total prime costs $2,630
5.Total conversion costs $1,105
6.Total period costs $460
Explanation
1. Classification of each cost and the total for each type of cost
a. Airplane seats is classified as Direct material of the amount of $220
b. Production supervisors' salaries is classified as Indirect Labour of the amount of $100
c. Depreciation on forklift is classified as Other Manufacturing Overhead of the amount of $30
d. Machine lubricants classified as Indirect Material of $40
e. Factory janitors' wages classified as Indirect labour of $35
f. Assembly workers' wages classified as Direct Labour of $650
g. Property tax on corporate marketing offices classified as Period total of $15
h. Plant utilities classified as other Manufacturing Overhead of $190
I. Cost of warranty repairs classified as Period total of $245
j. Machine operators' health insurance classified as Direct Labour of $60
k. Depreciation on administrative offices classified as Period total of $20
l. Cost of designing new plant layout classified as Period total of $180
m. Jet engines classified as Direct material of $1,700
TOTAL for each of the costs
Total Direct material $1,920
($220+$1,700)
Total Direct labor $710
($650+$60)
Total Indirect material$40
Total Indirect labor $135
($100+$35)
Total Other Manufacturing Overhead $220 ($30+$190)
Total Period Total $460
($15+$245+$20+$180)
2.Calculation for the of the total manufacturing overhead costs
Using this formula
Manufacturing overhead costs=Indirect labor + Indirect materials + Other Manufacturing overhead
Let plug in the formula
Total manufacturing overhead costs=
$135 + $40 + $220
Total manufacturing overhead costs= $395
3.Calculation for the total inventory product costs.
Using this formula
Total inventoriable costs=Direct materials + Direct labor + Manufacturing overhead
Let plug in the formula
Total inventoriable product costs$1,920 + $710 + $395
Total inventoriable product costs= $3,025
4.Calculatation for total prime costs.
Using this formula
Prime costs=Direct materials + Direct labor
Prime costs=$1,920 + $710
Total prime costs=$2,630
5.Calculation for the total of the conversion costs.
Using this formula
Total conversion costs=Direct labor + Manufacturing overhead
Total conversion costs=$710 + $395
Total conversion costs= $1,105
6. Calculation for total period costs.
Using this formula
Total period costs=($15+$245+$20+$180)
Total period costs=$460
Property tax on corporate marketing offices classified as Period total of $15
Cost of warranty repairs classified as Period total of $245
Depreciation on administrative offices classified as Period total of $20
Cost of designing new plant layout classified as Period total of $180
The following information pertains to Zion Company’s defined benefit pension plan:_______.
Net Pension liability, January 1, Year 1 $2,000
Service cost $17,000
Interest cost $40,000
Actual and expected retum on plan assets $22,000
Amortization of prior service cost arnising in a prior period $52,000
Employer contributions $40,000
In its December 31, Year 1, balance sheet, what amount should Zion report as the Net Pension Asset/Liability?
a. $7,000 asset
b. $15,000 liability
c. $45,000 liability
d. $52,000 liability
e. $5,000 asset
Answer:
c. $45,000 liability
Explanation:
Fair Value of Plan Asset = Return on asset + employer contribution - Benefit paid
= $22,000 + $40,000 - $0
= $62,000
Projected Benefits Obligation = Service cost + interest cost
= $17,000 + $40,000
= $57,000
Pension asset / (liability) = Opening pension asset/ Liability + Plan asset - Projected Benefit Obligation - Amortization
= $2,000 + $62,000 - $57,000 - $52,000
= -$45,000
= $45000 Pension Liability
What are benefits of a market economy?
Answer:
Explanation:
The advantages of a market economy include increased efficiency, productivity, and innovation. In a truly free market, all resources are owned by individuals, and the decisions about how to allocate such resources are made by those individuals rather than governing bodies.
Which of the following is NOT a role the Human Resources department plays when helping orient employees?
O Assisting employees in their adjustment phase
Introducing co-workers
O Helping fill out paperwork
Analyzing new employee morale
Answer:
Analyzing new employee morale.
Explanation:
Employee Orientation is the day when an employee joins the company; his/her first day at work. The role that an HR plays to help orient employees is to ensure that the employee feels welcomed and comfortable.
HR would orient employee by introducing them to their co-workers, assist them in their adjustment phase, and also help them fill paperwork.
HR also introduces the new employees to the policies of company, expectations, also briefed about their work.
The role that's not performed by an HR is that they do not analyze morale of new employee, instead they boost their morale and help them to get comfortable.
Thus the correct answer is the last option.
" If a 1 percent increase in price results in less than a 1 percent decrease in quantity demand, demand is: "
Answer:
inelastic
Explanation:
when we are measuring hte price elasticity of demand (PED), we calculate it by dividing the ]% change in quantity by the % change in price.
If the price of a product increases by 1%, and the quantity demanded changes in a smaller %, the PED is < 1, so it is inelastic. If the price of a product increases by 1%, and the quantity demanded changes in a larger %, the PED is > 1, so it is elastic. If the price of a product increases by 1%, and the quantity demanded changes in same 1%, the PED is = 1, so it is unit elastic.Use the table to indicate which description characterizes economies of scale and which characterizes economies of scope.
Description Economies Economies
of Scale of Scope
Long-run average costs are lower for greater quantities
of output.
The cost of producing two products separately is greater
than the cost of producing both of those goods jointly.
Answer and Explanation:
The economics of scope refers to the total cost production cost i.e to be averaged for the various type of goods
While on the other hand, the economics of scale refers to the benefit of the cost than occurs when there is a higher production level at a time
Based on this, the classification is as follows
1, Economics of scale as the output rises that declines the LAC so automatically it goes downward
2. economics of scope
Fallingstar, Inc. has shares of common stock issued and outstanding, with a par value of per share. It declared a % common stock dividend; market value is per share. Which of the following is the correct journal entry to record the transaction?
a. debit Common Stock Dividend Distributable 51,154, debit Paid In Capital in Excess of Par-Common $196,606, and credit Retained Earnings $197.760.
b. debit Stock Dividends $197.760 and credit Cash $197.760.
c. debit Stock Dividends $197.760 and credit Paid - In Capital in Excess of Par-Common $197,760.
d. debit Stock Dividends $197.760, credit Common Stock Dividend Distributable 51.154, and credit Paid - In Capital in Excess of Par-Common $196,606.
Answer:
d. debit Stock Dividends $197.760, credit Common Stock Dividend Distributable $1.154, and credit Paid - In Capital in Excess of Par-Common $196,606.
Explanation:
the numbers are missing, but we can infer the answer because when a stock dividend is declared (not distributed), the correct journal entry should be:
Dr Stock dividends
Cr Common stock dividends distributable
Cr Additional paid in capital (if the stock price is higher than par value)
Once the stock dividends are distributed, the journal entry should be:
Dr Common stock dividends distributable
Cr Common stock
Since you used the stock dividends account instead of retained earnings, at the end of the year you will have to close it:
Dr Retained earnings
Cr Stock dividends