Answer: C
Explanation:
You're seeing an opportunity in savings the cost is $40 + $10 for shipping = $50 versus $45 with free shipping. You get an extra item for less and it includes free shipping. So its a deal to actually buy the extra item.
Answer:
c. opportunity costs.
Explanation:
Opportunity cost is the cost that a person face for choosing an alternative and loosing benefit from other options. The benefit foregone for choosing an alternative is opportunity cost.
in this question there is an opportunity cost of $5 if it order the stock because it involves the options of $45 or $50 ($40+$10).
Technology transfer agreements: Select one: a. protect "distinctive" or "famous" marks from unauthorized uses only when confusion is likely to occur. b. permit a company to quickly penetrate a foreign market without incurring the substantial financial and legal risks associated with direct investment. c. prevent an intellectual property owner from granting to another the right to use protected technology in return for some form of compensation. d. assert that priority of trademark rights in the United States depends upon the priority of use anywhere else in the world.
Answer:
b. permit a company to quickly penetrate a foreign market without incurring the substantial financial and legal risks associated with direct investment.
Explanation:
Technology transfer agreements can be defined as a contractual agreement between two parties, the licensor (rightful owner of the patent or trademark) and lincesee, granting them the legal rights to use an intellectual property under the stated terms and conditions binding the contract.
An intellectual property is an embodiment of the creative work such as trademark, patent or copyright of an individual, usually an inventor.
Technology transfer agreements allows an intellectual property owner to license or grant to another the right to use its protected technology in return for some form of compensation and permit a company to quickly penetrate a foreign market without incurring the substantial financial and legal risks associated with direct investment because this will further enhance foreign direct investments, expansion and deeply foster world trade among countries.
Read the scenario. Yuri has $100 to spend at the store. He spots a pair of designer jeans with a $98 price tag on them but knows that he can buy three pairs of $30 jeans for about the same price. He still decides to buy the $98 pair. What is most likely Yuri’s motivation behind buying the pricier pair? emotional spending confused sense of needs and wants greedy spending conspicuous consumption
Answer:
D
Explanation:
Conspicuous consumption
Conspicuous consumption is the spending of money on and the acquiring of luxury goods and services to publicly display economic power of the income or of the accumulated wealth of the buyer.
Yuri’s motivation behind buying the pricier pair is conspicuous consumption.
What is conspicuous consumption?Conspicuous consumption can be defined as the way in which a person or individual decide to buy luxury items or costly items so as to display or showcase their wealth.
Based on the given scenario Yuri is buying the costly designers jeans instead of the cheaper pair as to showcase his wealth.
Inconclusion Yuri’s motivation behind buying the pricier pair is conspicuous consumption.
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You have just been offered your dream job after graduating from Jacksonville University. In response to your negotiations concerning your compensation package, the company has offered you a couple of different stock options in addition to the agreed upon salary.
Under the first option, you would receive stocks with a value of $2,000,000 at the end of each year. This option also includes an additional $4,000,000 bonus that you would receive for staying at the company for 3 years.
Under the second option, you would receive stocks with a value of $1,000,000 at the end of each year. This option also includes an additional $8,000,000 bonus that you would receive for staying at the company for 3 years.
Assume that these stocks grow at a rate of 11% compounded monthly. Moreover, assume that you will leave the company at the end of your fourth year to start your own firm. Which option will you choose. (The more money you have to start your own firm, the better.)
Your formal solutions should include ...
⦁ The overall goal and/or purpose.
⦁ The given information
⦁ A time-line for each option
⦁ A future value for each individual stock payment provided you by the company
⦁ The total future value of each option at the time you plan to leave the company
⦁ Your conclusion
Answer:
Goal: maximize return at the end of the fourth year.
Future value of each option:
First choise: $ 11,730,289.64
Second choise: $ 12,559,457.84
Conclusion:
It is better to pick the second option as yields a better return
Explanation:
We solve for the future value of the cashflow of each option:
First choise:
End of the first year:
[tex]Principal \: (1+ r)^{time} = Amount[/tex]
Principal 2,000,000.00
time 36.00 (form end of the first to end of the fourth)
rate 0.00917 (11% / 12 months as it compounds monthly)
[tex]2000000 \: (1+ 0.00916666666666667)^{36} = Amount[/tex]
Amount $2,777,757.26
End of the second year:
Principal 2,000,000.00
time 24.00
rate 0.00917
[tex]2000000 \: (1+ 0.00916666666666667)^{24} = Amount[/tex]
Amount $2,489,657.04
End of the third year:
Principal 4,000,000.00
time 12.00
rate 0.00917
[tex]4000000 \: (1+ 0.00916666666666667)^{12} = Amount[/tex]
Amount $4,462,875.34
End of the fourth year: $2,000,000
Total:
$2,777,757.26
$2,489,657.04
$4,462,875.34
$2,000,000
$ 11,730,289.64
Second choise:
First year
Principal 1,000,000.00
time 36.00
rate 0.00917
[tex]1000000 \: (1+ 0.00916666666666667)^{36} = Amount[/tex]
Amount 1,388,878.63
Second year:
Principal 1,000,000.00
time 24.00
rate 0.00917
[tex]1000000 \: (1+ 0.00916666666666667)^{24} = Amount[/tex]
Amount 1,244,828.52
Third Year
Principal 8,000,000.00
time 12.00
rate 0.00917
[tex]8000000 \: (1+ 0.00916666666666667)^{12} = Amount[/tex]
Amount 8,925,750.69
Fourth year: 1,000,000
Total
1,388,878.63
1,244,828.52
8,925,750.69
1,000,000.00
12,559,457.84
A consumer has $130 in monthly income to be spent on two goods Z and B. The price of good Z (Pz) is $8.00. The Marginal Rate of Transformation (MRT) is equal to minus−2. That is 2 units of good B can be traded for 1 unit of good Z. What is the price of good B in $?
Answer:
Price of B is $4
Explanation:
Marginal rate of transformation is defined as the amount of a good x has to stop being produced inorder to produce a certain amount of a good y. Factors of production and technology used are assumed to be constant.
In this scenario the marginal rate of transformation is -2, that is 2 units of good B can be traded for 1 unit of good Z, mathematically
2 * Pb = Pz
Substitute price of Z
2* Pb = $8
Pb= 8 ÷ 2
On= $4
The market for plywood is characterized by the following demand and supply equations: QD = 800 – 10P and QS = 50P – 1,000, where P is the price per sheet of plywood and Q measures the quantity of plywood. What is the size of the deadweight loss if the government imposes a price ceiling of $25 per sheet of plywood?
Answer: Dead weight loss-= $3750
Explanation:
QD = 800 – 10P
QS = 50P – 1,000,
At equilibrium, quantity demanded is equal to quantity supplied , so we have that, equating the two equations becomes
800 - 10p = 50p - 1000.
800 + 1000 = 50p + 10p
1800 = 60p
p = $30.
QD= QS= 800 - 10*30 = 500 units
QD= QS= 50x30 -1000= 500 units
Qd = Qs = 500 units.
When P = $25 by government putting a price ceiling, which is below the equilibrium price,it will lead to more demand than supply in the market
QD = 800 – 10P
QD= 800-10X25
QD=800-250= 550units
QS = 50P – 1,000,
Qs = 50 X25 - 1000
= 1,250-1000
QS = 250 units.
When quantity demanded =250units as a result of Quantity supplied at 250units. we will have our new price to be
QD = 800 – 10P
250 = 800 - 10p
10p = 800 -250
10p = 550
p = $55.
To calculate Dead weight Loss, we use the formulae,
0.5 x (P2 - P1) x (Q1 - Q2) where P1 and P2 are old and new prices and Q1 AND Q2 are old and new quantities
DWL = 0.5 x (55-25) X (500-250)
= 0.5 x 30x 250
Dead weight loss = $3750.
In the market for used cars we have 10 sellers, willing to sell at the prices of $1000, $2000, $3000, $4000, $5000, $6000, $7000, $8000, $9000, $10000. If the equilibrium price in the market is $2500, how many cars would be sold? a. 2 b. 4 c. 1 d. 3
Answer:
2
Explanation:
When the equilibrium price in the market is $2500 so here the number of cars that should be sold is 2.
Calculation of the number of cars:Since the equilibrium price in the market is $2500.
Also, we are capable to sell from the sellers that sells less than that price
So based on this, we can say that there are 2 sellers that satisfied the given criteria.
Hence, the option a is correct.
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A combination of news covered by the media that boosts sales without having to pay is best described by the term ________. (1pts) Question 5 - A combination of news covered by the media that boosts sales without having to pay is best described by the term ________. Select bootstrap marketing as your answer bootstrap marketing Select entertailing as your answer entertailing Select public relations as your answer public relations Select data mining as your answer data mining
Answer:
Public relations.
Explanation:
Public relations is a combination of news covered by the media that boosts sales without having to pay.
Public relations involves the process of professionally maintaining and sustaining a favourable public perception and image by an organization or an elite.
As a rule, every organization makes it a standard to always go for the best public relations manager, so as to have a competitive advantage over industry rivals and to boost their public image or reputations.
Hence, PR managers use public relations, as a strategic communication process to issue and disseminate quality informations between their principal (usually an individual) or an organization and the public, in order to build a mutualistic relationship.
A company excludes from the current assets section, the amount of cash restricted for purposes other than payment of current obligations or for use in current operations.
1. True
2. False
Land held for speculation is reported in the long-term investment section of the balance sheet.
1. True
2. False
Financial flexibility measures the ability of an enterprise to take effective actions to alter the amounts and timing of cash flows
1. True
2. False
Companies determine cash provided by operating activities by converting net income on an accrual basis to a cash basis. 1. True
2. False
Answer:
1. True.
2. True.
3. True.
4. True.
Explanation:
1. True: A company excludes from the current assets section, the amount of cash restricted for purposes other than payment of current obligations or for use in current operations.
2. True: Land held for speculation is reported in the long-term investment section of the balance sheet because they are fixed assets.
3. True: Financial flexibility measures the ability of an enterprise to take effective actions to alter the amounts and timing of cash flows.
4. True: Companies determine cash provided by operating activities by converting net income on an accrual basis to a cash basis.
Sink and Tap Inc. is looking at a 4-year project for making taps. Initial investment in equipment will be $754,000. Each unit will be sold for $230. Annual fixed costs, not including depreciation, will be $333,000. Variable costs per unit will be $102.40. The applicable discount rate is 12 percent, and the tax rate is 21 percent. Assume straight- line depreciation to zero and no market salvage value. Use goal seek (or any other method) to find the present value break-even point in units per year.
Select one:
a. 5340
b. 5930
c. 4848
d. 4680
e. 5200
Answer:
the present value break-even point in units per yea is 4680 units. the option (d) is correct
Explanation:
Solution
Given that:
The initial cash flow = $754,000
The project life is = four years
Thus,
Contribution = sales - variable costs
So,
Sales = quantity * the price
Let the Quantity be Y
$230 Y - $102.40 Y
=127.60 Y
Now,
The operating income = Contribution -fixed costs
which is,
127. 60 Y- (Other depreciation or decrease + decrease)
127. 60 Y- ( $333,000 + ($754,000/4))
= 127. 60 Y- ( $333,000 + $188,500)
Thus,
127. 60 Y - $521, 500
Now,
Tax rate at 21% on operating income is =26.796 Y - 109. 515
The profit after tax = operating income - tax
(127. 60 Y - $521, 500) -(26.796 Y - 109. 515)
= 100.804 Y - 411, 985
Additional depreciation = $188, 500
The operating cash inflow per year = 100.804 Y - 411, 985 + $188, 500
Thus,
The PVAF for 12 years , 4% = 3.037349
PV of operational cash inflow = 306.18 Y - 678, 802.02
However,
For the break even point: the initaila cash flow = The PV of functioning or operational cash inflow
So,
306.18 Y - 678, 802.02 =$ 754,400
306.18 Y = 1, 432, 802.02
Y = 4680 Units
Prestige Manufacturing Corporation reports the following items in its statement of cash flows presented using the direct method. Indicate whether each item is disclosed in the operating activities (O), investing activities (I), or financing activities (F) section of the statement under GAAP or use (NA) if the item does not appear on the statement.1. Payment for equipment purchase. 2. Repayments of bank loan. 3. Dividends paid 4. Proceeds from issuance of stock. 5. Interest paid. 6. Receipts from customers.
Answer:
1. Payment for equipment purchase = investing activities (I)
2. Repayments of bank loan = financing activities (F)
3. Dividends paid = financing activities (F)
4. Proceeds from issuance of stock = financing activities (F)
5. Interest paid = operating activities (O)
6. Receipts from customers = operating activities (O)
Explanation:
Operating Activities are activities that generate cash in the ordinary course of business.
Investing Activities are activities that generate cash due to movement in capital expenditure balances
Financing Activities are activities that generate cash due to sourcing of funds or changes in ownership.
A company began its fiscal year with inventory of $191,000. Purchases and cost of goods sold for the year were $950,000 and $984,000, respectively. What was the amount of ending inventory
Answer:
Ending inventory= $157,000
Explanation:
Giving the following information:
Beginning inventory= $191,000.
Purchases and cost of goods sold for the year were $950,000 and $984,000.
To calculate the ending inventory, we need to use the following formula:
COGS= beginning finished inventory + cost of goods purchased - ending finished inventory
984,000= 191,000 + 950,000 - ending inventory
984,000= 1,141,000 - ending inventory
Ending inventory= $157,000
Lansing, Inc., provided the following data for its two producing departments: Molding Polishing Total Estimated overhead $400,000 $80,000 $480,000 Direct labor hours (expected and actual): Form A 1,000 5,000 6,000 Form B 4,000 15,000 19,000 Total 5,000 20,000 25,000 Machine hours: Form A 3,500 3,000 6,500 Form B 1,500 2,000 3,500 Total 5,000 5,000 10,000 Machine hours are used to assign the overhead of the Molding Department, and direct labor hours are used to assign the overhead of the Polishing Department. There are 30,000 units of Form A produced and sold and 50,000 of Form B. Required:
1. Calculate the overhead rates for each department.
2. Using departmental rates, assign overhead to the two products and calculate the overhead cost per unit. How does this compare with the plantwide rate unit cost, using direct labor hours?
3. What if the machine hours in Molding were 1,200 for Form A and 3,800 for Form B and the direct labor hours used in Polishing were 5,000 and 15,000, respectively? Calculate the overhead cost per unit for each product using departmental rates, and compare with the plantwide rate unit costs calculated in Requirement 2. What can you conclude from this outcome?
Answer:
1. Form A$80 per machine hour
Form B $4 per direct labor hour
2.Form A from $3.84 to $10.00
Form B from $7.30 to $3.60
3. Form A Unit overhead cost $ 3.87
Form B Unit overhead cost $ 7.28
Explanation:
Lansing, Inc
1. Overhead rates for each department will be;
Molding
$400,000/5,000
= $80 per machine hour
Polishing
$80,000/20,000
= $4 per direct labor hour
2. The overhead assignment:
Form A
($80 ×3,500) + ($4 ×5,000)
$280,000+$20,000
=$300,000
Form B
($80 ×1,500) + ($4 ×15,000)
$120,000+$20,000
=$180,000
Total applied overhead $300,000 and $180,000
Units of production Form A :
300,000÷30,000
=Unit overhead cost $10.00
Units of production Form B
180,000÷50,000
= Unit overhead cost $3.60
Plantwide rate Will be :
$480,000/25,000
= $19.20 per direct labor hour
Form A overhead cost in units will be:
$19.20 ×6,000/30,000
$19.20×0.2
$3.84
Form B overhead cost in unit will be :
$19.20 ×19,000/50,000
$19.20×0.38
$7.296 approximately $7.30
The plantwide rate for Form A
$3.84 to $10.00
The plantwide rate for Form B
$7.30 to $3.60
3. Overhead assignment:
Form A
($80 ×1,200) + ($4 ×5,000)
=$96,000+$20,000
=$116,000
Form B
($80 ×3,800) + ($4 ×15,000)
=$304,000 +$60,000
=$364,000
Total applied overhead
Form A $116,000
Form B $364,000
Units of production
Form A
$116,000 ÷ 30,000
=Unit overhead cost $ 3.87
Form B
$364,000÷ 50,000
Unit overhead cost $ 7.28
When compared to the plantwide unit overhead costs the cost will be $0.03 more higher for Form A and $0.02 less for Form B.
Which means that departmental rates may not cause a change in the assignments because It will depends on the complexity of each product and the way in which the resource demands are been made in each of the department.
Colleague responsibilities related to compliance include which of the following:________. A. Report if you have been placed on a state or federal exclusion list B. Report if you have been convicted of a minor traffic violation C. Report when your employment-related professional licenses have been renewed D. Report when you complete annual continuing education
Answer:
A. Report if you have been placed on a state or federal exclusion list
Explanation:
While working in an organization you have some responsibilities which are related to compliance, integrity, honesty, etc are as follows
1. They have to report if they are placed on a state or federal exclusion list that also includes Officer of Inspector General (OIG), General Service Administration (GSA)
2. Instant report the criminal offense if you are convicted other than the minor traffic violation
The conviction excludes the following things
a. Arrest or charges
b. Judicially dismissed
c. That does not consider except felony convictions that also includes controlled substances should always be reported
hence, the correct option is a.
In a company, individuals have roles and responsibilities which should be fulfilled. It can include truthfulness, virtue, compliance's etc.
The correct answer is:
Option A. Report if you have been placed on a state or federal exclusion list.
This can be explained as:
The colleague should report if they were on the state or national exclusion list.The exclusion list can also contain General Service Administration or Officer of Inspector General.If the charges were other than minor traffic violations like criminal offences should be reported instantly.The convictions do not include charges, arrests, court dismissals etc.Therefore, if placed on the exclusion list should be reported.
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The country of Rainbows exports seeds to the country of Farmington. Information for the quantity demanded (Qd) and the quantity supplied (Qs) for each country, in a world without trade, are given in the tables below.
Price ($) Qd Qs
40 150 120
50 130 130
60 110 150
70 100 170
80 90 180
Farmington:
Price ($) Qd Qs
40 310 190
50 300 220
60 290 250
70 280 280
80 270 310
What is the equilibrium price and quantity for each country?
Answer:
Rainbows :
Equilibrium price : $50
Equilibrium quantity: 130
Farmington
Equilibrium price : $70
Equilibrium quantity: 280
Explanation:
Equilibrium price is the price where the quantity demanded equals the quantity supplied.
Equilibrium quantity is the quantity at which quantity demanded is equal to the quantity supplied.
I hope my answer helps you
You are seeking a bank loan for $12000 and go to Prosper Bank and to Skyline Bank to see which loan has a lower rate. Your plan is to open a restaurant, which is quite risky. Prosper Bank expects that it could recover $10,000 if you defaulted while Skyline thinks it would only recoup $9000. However, Skyline puts your probability of repayment at 97% while Prosper only has it at 96%. Which loan has the lower interest rate? Assume both banks are aiming to earn 6%.
Answer:
SKYLINE = 6.96%, PROSPER = 6.94%.
Explanation:
So, in the question above we are given the following parameters or information or data as;
=> Amount of bank loan been seeked for = $12000.
=> "Prosper Bank expects that it could recover $10,000 if you defaulted while Skyline thinks it would only recoup $9000."
=> " Skyline puts the probability of repayment at 97% while Prosper only has it at 96%."
=>" both banks are aiming to earn 6%."
So, for both banks we will be making use of the formula below:
L × (1 + RER) = POR × L × (1 + IRCr) + (1 - POR) × RCD.
Where L = loan, RER = required earning rate, POR = probability of repayment, IRCr = interest rate charged and RCD = Recovery in case of default.
(A). FOR PROSPER BANK:
12000 × ( 1 + 6%) = 96% × 12000 × (1 + IRCr) + (1 - 96% ) × 10000.
SOLVING FOR IRCr, we have;
interest rate charged = 6.94%.
(B). FOR SKYLINE BANK;
12000 × (1 + 6%) = 97% × 12000 × (1 + IRcr ) + (1 - 97%) × 9000.
IRCr =6.96%.
On July 1, 2016, Farm Fresh Industries purchased a specialized delivery truck for $264,000. At the time, Farm Fresh estimated the truck to have a useful life of eight years and a residual value of $24,000. On March 1, 2021, the truck was sold for $115,000. Farm Fresh uses the straight-line depreciation method for all of its plant and equipment. Partial-year depreciation is calculated based on the number of months the asset is in service.Required: 1. Prepare the journal entry to update depreciation in 2021 2. Prepare the journal entry to record the sale of the truck. 3. Assuming that the truck was instead sold for $141,000, prepare the journal entry to record the sale.
Answer:
1.
1 March 2021
Depreciation expense $5000 Dr
Accumulated depreciation-Delivery truck $5000 Cr
2.
1 March 2021
Accumulated depreciation-Delivery truck 140000 Dr
Cash 115000 Dr
Loss on Disposal 9000 Dr
Delivery Truck 264000 Cr
3.
1 March 2021
Accumulated depreciation-Delivery truck 140000 Dr
Cash 141000 Dr
Delivery Truck 264000 Cr
Gain on disposal 17000 Cr
Explanation:
1.
Depreciation expense is the systematic allocation of an asset's cost over its estimated useful life.
The straight line method of depreciation charges a constant depreciation expense each period. The formula for depreciation expense per period under this method is,
Depreciation expense = (Cost - Residual value) / Estimated useful life of the asset
The depreciation expense per year of delivery truck under this method will be,
Depreciation expense per year = (264000 - 24000) / 8 = $30000 per year
The depreciation expense to be charged in 2021 will be for 2 months.
Depreciation expense 2021 = 30000 * 2/12 = $5000
2.
The accumulated depreciation of truck on 1 March 2021 is,
Depreciation for 6 months of 2016 = 30000 * 6/12 = $15000
Depreciation for 4 years (2017 to 2020) = 30000 * 4 = $120000
Depreciation for 2 months of 2021 = $5000
Accumulated depreciation at 1 March 2021 = 15000 + 120000 + 5000
Accumulated depreciation at 1 March 2021 = $140000
Net Carrying value of asset = 264000 - 140000 = $124000
Loss on disposal as asset is sold for less than its carrying value is,
loss on disposal = 115000 - 124000 = - $9000 (loss on disposal)
3.
As the asset is sold for more than its carrying value, the gain on disposal is,
Gain on disposal = 141000 - 124000 = $17000 (gain on disposal)
Perimeter, Inc. acquired 30 percent of South Co.’s (South) voting stock for $200,000 on January 1, 20X1. Perimeter’s 30 percent interest in South gave Perimeter the ability to exercise significant influence over South’s operating and financial policies. On that date, South reported assets of $500,000 and liabilities of $100,000. South had equipment with a book value of $60,000 that was actually worth $160,000. The equipment had a remaining useful life of five years. During 20X1, South reported net income of $80,000 and paid dividends of $50,000. What amount of income should Perimeter recognize in 20X1 as a result of this investment?
Answer:
$18,000
Explanation:
Required:
Find the amount of income Perimeter recognizes in 20X1 as a result of the investment.
Amount of income to be recognized should be calculated as:
Share of net income - Amortization of equipment in excess of book value
Where,
Share of net income = 30% of net income
= 30% × $80,000
= $24,000
Less: Amortization of equipment in excess of book value =
[tex] \frac{160,000 - 60,000}{5 yrs} * 0.30 [/tex]
[tex] = \frac{100,000}{5} * 0.30 [/tex]
[tex] = 6,000 [/tex]
Therefore, amount of income to be recognized =
$24,000 - $6,000
= $18,000
Amount of income Perimeter recognizes in 20X1 as a result of this investment is $18,000
Before you begin to compose a message, you should conduct research to collect the necessary information. To avoid frustration and inaccurate messages, be sure to consider the receiver's position.
Which questions should you ask yourself before determining what and how to research?
A) Can I access information electronically to speed up the research process?
B) Is it really important to be writing to this person, or should I call him or her?
C) What strategies should I use when looking up information in the library database?
D) What does the receiver need to know about this topic?
Answer:
A) Can I access information electronically to speed up the research process?
C) What strategies should I use when looking up information in the library database?
D) What does the receiver need to know about this topic?
Explanation:
To determine what and how a research should be conducted, several factors ought to be considered. Some of the factors of consideration include these listed below.
Before setting out to to conduct a research, it is vital that the researcher understands the position of the receiver on the subject matter. This implies having an accurate understanding of what the receiver already knows about the subject matter. This would inform what further information needs to be added during the research. It is also important to have a good strategy for getting information in the library database as literary sources are segmented in libraries. Therefore, it would be unwise to obtain information randomly. Electronic platforms like the internet are also a good source of information which would be helpful if incorporated in the research process.Assume there are 1000 homes in a flood zone in an area in which sea levels are rising. An additional 1000 homes are above the flood zone and at less risk. A levee could be built to prevent the rise in sea level from affecting the homes. It is worth $20,000 per home in the flood zone to have the levee built. It is worth $5,000 per home not in the flood zone to have the levee built. The levee costs $22,000,000 to build. Which of these makes the most economic sense?
A. The government should leave this to the free market.
B. The free market will have difficulty building the levee because the levee is non-rival and non-excludable. So the government may have to intervene and force homeowners to pay through taxes to fund the levee as the benefits exceed the costs.
C. The free market will have difficulty building the levee because the levee is non-rival and non-excludable. However the benefits do not exceed the costs anyway so there is no need for the government to intervene.
D. The free market will have some difficulty building the levee because the levee is non-rival. However it is excludable. So there is only a partial argument for government intervention here.
Answer: The free market will have difficulty building the levee because the levee is non-rival and non-excludable. So the government may have to intervene and force homeowners to pay through taxes to fund the levee as the benefits exceed the costs.
Explanation:
From the question, we are informed that if there are 1000 homes in a flood zone in an area whereby the sea levels are rising and there's an additional 1000 homes that are above the flood zone and are at less risk. Since the levee costs $22,000,000 to build, the best thing to do economic sense will be that the free market will have difficulty building the levee because the levee is non-rival and non-excludable.
It should be noted that in a free market, decisions are made by individuals through price signals and forces of demand and supply. Therefore since this is a public good as it is non rival and non excludeable, there will be need for the intervention of the government in order to collect taxes from the homeowners.
Answer:b
Explanation: I did this
A beekeeper lives adjacent to an apple orchard. The orchard owner benefits from the bees because each hive pollinates about one acre of apple trees. The orchard owner pays nothing for this service, however, because the bees come to the orchard without his having to do anything. Because there are not enough bees to pollinate the entire orchard, the orchard owner must complete the pollination by artificial means, at a cost of $10 per acre of trees. Beekeeping has a marginal cost
MC = 10 + 5Q
where Q is the number of beehives. Each hive yields £50 worth of honey.
A) Assuming the beekeeper wishes to maxmise his profits, how many beehives will the beekeeper maintain?
B) What is the socially effiecient number of hives?
Answer:
A. The number of beehives to be maintained is 8
B. The socially effiecient number of hives is 10
Explanation:
A. In order to calculate the amount of beehives that the beekeeper will maintain assuming the beekeeper wishes to maxmise his profits we would have to use the equality of MC and the price and can be calculated as follows:
P=MC
50=10 + 5Q
Q=8
The number of beehives to be maintained is 8
B. To calculate the socially effiecient number of hives we would have to equating the marginal social benefit and marginal cost as follows:
The orchard owner must complete the pollination by artificial means, at a cost of $10 per acre of trees, therefore,
MSB=MC
50+10=10 + 5Q
Q=10
The socially effiecient number of hives is 10
Suppose that Dmitri, an economist from an AM talk radio program, and Frances, an economist from a school of industrial relations, are arguing over saving incentives. The following dialogue shows an excerpt from their debate:
Caroline: The usefulness of government intervention in the economy is a long-standing issue that economists continue to debate.
Antonio: I feel that government involvement in the economy should be reduced because government programs cause more harm than good.
Caroline: While I do agree that government programs can be inefficient, I really think they are necessary to help the less fortunate.
1. The disagreement between these economists is most likely due to
a. differences in values
b. differences in scientific judgement
c.differences in perception verse reality.
2. Despite their differences, with which proposition are two economists chosen at random most likely to agree?
a. Lawyers make up an excessive percentage of elected officials.
b. Minimum wage laws do more to harm low-skilled workers than help them.
c. Tariffs and import quotas generally reduce economic welfare.
Answer:
1. The disagreement between these economists is most likely due to
a. differences in values
2. Despite their differences, with which proposition are two economists chosen at random most likely to agree?
a. Lawyers make up an excessive percentage of elected officials.
Explanation:
Economists chosen at random do not usually agree on economic events and realities, instead, they are more likely to agree on issues that are not economic. They offer differing opinions based on similar principles. Most of their disagreements stem from differences in what they place their values on. Some value market-oriented approaches while others value government interventions in market situations, with other variants in-between.
You have learned from your training materials that the integration-responsiveness framework juxtaposes the opposing pressures for cost reductions and local responsiveness to derive four different strategies to gain and sustain competitive advantage when competing globally. Which of these four strategies has HP adopted?
Answer:
aswer is
Explanation:
because is Hp is globally science
When a worker calls in sick, a temporary replacement is hired to operate his machine. During the week in which the replacement is working, scrap increases significantly, to the point that almost all points plotted on the control chart used to monitor the machine, fall well above the central tendency. Management is frustrated because it cannot understand why the process has deteriorated so rapidly. However, when the original worker returns, scrap decreases to the original level. Management is satisfied it has fixed the problem somehow once and for all although it doesn’t have any idea how the high rate of scrap occurred. According to Deming, this is an example of management: I incorrectly identifying common cause variation present as special cause variation. II under controlling the process by not reacting to special cause variation occurring. III correctly identifying special cause variation. IV correctly identifying common cause.
Answer:
II. under controlling the process by not reacting to special cause variation occurring.
Explanation:
Note the fact that Edwards Deming see such a scenario as one that is not previously observed, but that could be reacted to.
The special cause variation in this scenario refers to the increase in scrap value significantly when a worker who falls sick was replaced by another to operate his machine. The negligence of Management is evident from the fact even after the original worker returns, and the scrap decreases to the original level, the Management feels satisfied it has fixed the problem without any idea how the high rate of scrap occurred.
An insured states her age as 40 on the application. When she dies, the insurer discovers that she was actually only 37 at the time of application. What will the insurance company do?
a) pays nothing since there was a material misrepresentation on the application
b) pays the death benefit in the amount that the premium at the correct age would have purchased
c) pays a decreased death benefit
d) adjust premiums to reflex correct age
Answer: pays the death benefit in the amount that the premium at the correct age would have purchased
Explanation:
According to the question, an insured states her age as 40 on the application and upon her death, the insurer discovers that the insured was 37 at the time of application.
The right thing for the insurance company to do is to pay the death benefit which in entitled to the insured in the amount which the premium at the correct age would have been bought. If insured overstates his or her age, the insurer will have to pay the full death benefit and then refund excess premiums paid.
Harrod Company paid $5,800 for a 4-month insurance premium in advance on November 1, with coverage beginning on that date. The balance in the prepaid insurance account before adjustment at the end of the year is $5,800, and no adjustments had been made previously. The adjusting entry required on December 31 is:
Answer:
Prepaid Insurance = credit = $2900.
Prepaid Insurance = debit = $2900
Explanation:
So, we are given the following data or parameters or information which is going to assist us in solving this particular Question or problem;
=> The amount paid for a 4-month insurance premium in advance on November 1, with coverage beginning on that date = $5,800.
=> "The balance in the prepaid insurance account before adjustment at the end of the year =$5,800, and no adjustments had been made previously.
So, we are asked to determine the adjusting entry required on December 31.
The adjusting entry required on December 31;
Prepaid Insurance = credit = 5800 × 2/4= $2900.
Prepaid Insurance = debit = $2900.
Answer:
Debit Insurance Expense $2,900; Credit Prepaid Insurance $2,900
Explanation:
Total Prepaid Insurance= $5,800
Monthly Insurance=Total Prepaid Insurance / 4 = $1,450
Insurance expenses for 2 month (November and December)= $1,450 * 2 = $2,900
There is no cash transaction in this adjusting entry
When insurance expenses increase= Debit
When decrease in prepaid expenses= Credit
Debit Insurance Expense $2,900; Credit Prepaid Insurance $2,900
The total value (debt plus equity) of Wilson Dover Inc. is $500 million and the face value of its 1-year coupon debt is $200 million. The volatility (σ) of Wilson Dover's total value is 0.60, and the risk-free rate is 5%. Assume that N(d1) = 0.9720 and N(d2) = 0.9050. Refer to the data for Wilson Dover Inc. What is the yield on Wilson Dover's debt?
Answer:
The yield on Wilson Dover's debt is 7.42%
Explanation:
In order to calculate the yield on Wilson Dover's debt we would have to calculate first the value of debt as follows:
value of debt=Total value*N(d1)-Debt*e∧-r fx period*N(d2)
value of debt=$500 million*0.9720-$200 million*2.7183∧-0.05*1*0.9050
value of debt=$486 million-$200 million*0.951229*0.9050
value of debt=$486 million-$172.1724 million
value of debt=$313.8276 million
=Total Value-Value of debt
=$186.17 million
The value of debt is $186.17 million
So, to calculate the yield we have to use the following formula:
Yield=(Face Value/current value)∧1/period-1
Yield=($200 million/$186.17 million)∧1-1
Yield=1.074286942-1
Yield=7.42%
The yield on Wilson Dover's debt is 7.42%
The Fine Point Company currently produces all of the components for its one product, an electric pencil sharpener. The unit cost of manufacturing the motor for this pencil sharpener is: Direct materials$1.75 Direct labor$1.65 Variable overhead$0.75 Fixed overhead$0.60 The company is considering the possibility of buying this motor from a subcontractor and has been quoted a price of $3.60 per unit. The relevant cost of manufacturing the motor to be considered in reaching the decision is:
Answer:
$4.15 per unit
Explanation:
The computation of the relevant cost of manufacturing the motor is shown below:
Relevant cost per unit = Direct material per unit + direct labor per unit + variable overhead per unit
= $1.75 + $1.65 + $0.75
= $4.15 per unit
For reaching the decision, we simply added the direct material per unit, direct labor per unit and variable overhead per unit so that the correct answer could arrive
Review at least three different mental health and wellness job descriptions on a career website (e.g., CareerBuilder; Jobing) and compare and contrast the differences in skill sets needed to perform the job effectively
Answer:
Check Explanation.
Explanation:
So, the three different mental health and wellness job descriptions on a career website that we be selected here are; Clinical social worker, Psychiatrist, and mental health counselor.
(A). CLINICAL SOCIAL WORKER: their job description is to be able to diagnose and treat people with behavioural and mental disorder.
To be a Qualified Clinical social worker Master's degree is need that is to say master's degree in social work.
The Median Annual Salary of a Clinical social worker is about $60,000+.
(B). PSYCHIATRIST: Psychiatrists are professionals in mental health jobs and they treat patient with emotional disorders and mental disorder.
The Median Annual Salary of a Psychiatrist is greater than that of a clinical social worker and is about $200,000+ as of 2018.
(C). MENTAL HEALTH COUNSELOR: they are professionals that their main job description is to help people in order to make sure that their clients overcome their mental health disorder.
Here, master's degree is also required and their Median Annual Salary is about $40,000+ which is the lowest among the three professions mentioned here.
SKILLS SIMILARITIES: Clinical social worker, Psychiatrist, and mental health counselor all need to possess skills such as good listening skills, problem-solving skills and good communication skills.
SKILLS DIFFERENCES:
The difference in their skills is all in their training and certifications that is to say hard skills.
For instance; Psychiatrist need more of therapeutic skills which can be gotten from their four years degree and residency. They do not really need master's degree to start working effectively like Clinical social workers and mental health counselors.
Once you have collected data for a message, you’ll need to find a way to organize it. Well-organized messages group similar ideas together, allowing readers to see relationships and follow arguments. You can use two primary techniques for organizing your information: a scratch list and an outline. Answer the question based on the following scratch list.
1. The Boston Hotel
2. High-end linens
3. 600-thread-count sheets
4. Coffeemaker and selected teas
5. Imported beer
6. Fresh-squeezed juices
7. Affordability
8. Food and drink
9. Double-thick bath towels
10. Silk pillowcases
11. Raw silk curtains with gold embellishments
12. $100/night four-star rooms
13. Free snacks, shampoo, and conditioner
14. Free wireless Internet
Which group includes specific supporting detail that could be added to the previous scratch list?
a. High-end linens; free wireless Internet; free snacks, shampoo, and conditioner
b. Safety, comfort, half-price Tuesday
c. Sparkling water, evening wine tasting, four-star hotel restaurant
d. Business messages typically follow either a direct strategy or an indirect strategy. The direct strategy, or frontloading, places the main idea at the beginning of a message.
e. Using a direct opening strategy .
f. An indirect strategy places the main idea after an explanation or reason.
Answer:
c. Sparkling water, evening wine tasting, four-star hotel restaurant
Explanation:
The scratch list in general includes a series of services that are provided by a Hotel (the Boston Hotel). Because of the items included in the list, it seems that the Hotel is quite fancy.
Numeral c would be a good addition to the scratch list, because it lists items that would fall in place for the type of Hotel being described: sparking water, evening wine tasting, and a the mention of a four-star hotel restaurant.
Overhead Variance (Over- or Underapplied), Closing to Cost of Goods Sold At the end of the year, Estes Company provided the following actual information: Overhead $412,600 Direct labor cost 532,000 Estes uses normal costing and applies overhead at the rate of 75% of direct labor cost. At the end of the year, Cost of Goods Sold (before adjusting for any overhead variance) was $1,670,000.Required:
1. Calculate the overhead variance for the year. $2. Dispose of the overhead variance by adjusting Cost of Goods Sold.
Answer:
1.
$13,600 unfavorable
2.
$1,683,600
Explanation:
Overhead variance is difference between the budgeted and actual values of the overhead incurred by a company.
Applied Overhead is the overhead value calculated by multiplying the actual activity and budgeted applied rate.
Applied Overheads = $532,000 x 75% = $399,000
Actual Overheads = $412,600
Overheads Variance = Applied Overheads - Actual Overheads
Overheads Variance = $399,000 - $412,600 = -$13,600
As actual overheads are incurred more than the applied overhead, so the variance is unfavorable.
$13,600 unfavorable
2.
As the overhead is under-applied and it need to be adjusted and added in the cost of goods sold.
Cost of Goods sold = $1,670,000
Adjusted cost of goods sold = $1,670,000 + $13,600
Adjusted cost of goods sold = $1,683,600