The Yurdone Corporation wants to set up a private cemetery business. According to the CFO, Barry M. Deep, business is "looking up." As a result, the cemetery project will provide a net cash inflow of $106,000 for the firm during the first year, and the cash flows are projected to grow at a rate of 4 percent per year forever. The project requires an initial investment of $1,590,000.a. What is the NPV for the project if Yurdone's required return is 10 percent? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)b. The company is somewhat unsure about the assumption of a 4 percent growth rate in its cash flows. At what constant growth rate would the company just break even if it still required a return of 10 percent on investment? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)Please show the steps so that I can understand how to do it. Thank you!
Answer:
Sobre Ganhar Dinheiro online
Explanation:
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The NPV of Yurdone Corporation's cemetery project at a 10% required return is $176,666.67. The break-even growth rate for the project is 3.33%.
Part A: Calculating NPV
The formula for NPV is:NPV = (Cash Flow Year 1) / (Required Return - Growth Rate) - Initial InvestmentGiven: Cash Flow Year 1 = $106,000, Growth Rate = 4%, Required Return = 10%, Initial Investment = $1,590,000
Using the formula:
NPV = $106,000 / (0.10 - 0.04) - $1,590,000NPV = $106,000 / 0.06 - $1,590,000NPV = $1,766,666.67 - $1,590,000NPV = $176,666.67Part B: Break-Even Growth Rate
To find the growth rate (g) at which the NPV is zero, use the formula:
Initial Investment = Cash Flow / (Required Return - Growth Rate)Solving for Growth Rate (g):
$1,590,000 = $106,000 / (0.10 - g)$1,590,000 (0.10 - g) = $106,000$159,000 - $1,590,000g = $106,000$53,000 = $1,590,000gg = $53,000 / $1,590,000g = 0.033333 or 3.33%Therefore, the constant growth rate at which the company just breaks even is 3.33%.
What are interpersonal skills?
A.) the skills required to develop your personality
B.) the skills required to grow in your job role
C.) the overall way of portraying yourself when communicating with others
D.) the overall way you deal with conflicts
Answer:
C. would be the answer :)
Explanation:
The overall way of portraying yourself when communicating with others are interpersonal skills. Hence, option C is correct.
What is interpersonal skills?For some vocations, having strong interpersonal abilities, such as negotiation, problem-solving, and knowledge sharing, may be essential. Other soft skills deemed crucial for all workers include: Teamwork. Both written and spoken communication e.g., in-person meetings, emails, phone
The many forms of potential communication can be grouped into four main categories when it comes to the fundamentals of interpersonal communication: spoken, listening, written, and nonverbal communication. Let's take a closer look at these interpersonal communication ideas. Verbal communication, Non-verbal communication, listening skills, Negotiation, Problem-solving, Decision-making and Assertiveness are some interpersonal skills.
Thus, option C is correct.
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You get your first paycheck and notice that a percentage of your money has gone to taxes. Your employer explains that everyone has to pay taxes. Why do you have to pay taxes? What would happen if you did not pay taxes? What type of taxes do you currently have to pay and why?
Answer:
The money you paid on taxes goes to numerous spots. In addition to paying the wages of government laborers, your assessment dollars additionally help to help normal assets, for example, police and firemen. Tax money guarantees the streets you travel on are protected and well-kept up. Taxes support open libraries and parks.
In the event that you don't file taxes, you'll face an inability to-record punishment. The punishment is 5 percent of your unpaid taxes for every month your taxation form is late, up to 25 percent. Besides, on the off chance that you record over 60 days late, you'll pay at least $135 or 100 percent of the taxes you owe (whichever is less).
Three kinds of federal taxes are to be paid on wage and salary income:
Income taxSocial Security taxMedicare tax.Income tax pays for roads, government related construction, motorways etc.
The Social Security tax pays for the retirement, disability etc.
Medicare tax pays for the use of government health care facilities.
You have to pay taxes because the government requires revenue to fund various public services. Not paying taxes can result in fines or jail time. Types of taxes include income taxes, payroll taxes, sales taxes, and excise taxes.
The government mandates that both individuals and businesses pay taxes to generate revenue for various government programs and expenditures, such as education, defense, and infrastructure. The amount of taxes you pay depends on where you live and often takes into consideration the cost of living.
If you do not pay the required taxes, you could face serious consequences, including fines or even jail time. Failure to pay taxes on earned income is a legal violation subject to enforcement.
Income Taxes: These are based on the amount of money you earn and the tax bracket you fall into, with higher earners generally paying a higher percentage of their income.
Payroll Taxes: These include deductions from your wages and taxes that are paid by your employer, which contribute to social insurance programs like Social Security and Medicare.
Sales Taxes: Applied to most goods and certain services you purchase.
Excise Taxes: These are specific taxes on certain goods or activities such as cigarettes, alcohol, and gasoline.
Employers often use a W-4 form to determine the amount of tax to withhold from an employee's paycheck. Your selections on this form will impact your take-home pay. However, if too little is withheld, you may owe additional taxes when filing your yearly tax return.
In summary, taxes are a universal obligation, and the amount you pay is generally proportional to your earnings. The taxes collected are essential for funding public services that benefit society as a whole.
Suppose a movie theater determines it can charge different prices to patrons who go to weekday matinees and people who attend evening and weekend shows. The movie theater’s goal is to increase total revenue.
The price elasticity of demand for weekend and evening patrons is -0.70, and the price elasticity of demand for matinee moviegoers is -2.80.
Based on the price elasticity of demand for each group of people, how should the movie theater adjust its prices?
Choose one:
A. Lower the price for matinee moviegoers, and raise the price for weekend and evening patrons.
B. Raise the price for matinee moviegoers, and keep the price the same for weekend and evening patrons.
C. Raise the price for matinee moviegoers, and lower the price for weekend and evening patrons.
D. Lower the price for matinee moviegoers, and keep the price the same for weekend and evening patrons.
A I believe I hope I helped
Answer:
A. Lower the price for matinee moviegoers, and raise the price for weekend and evening patrons.
Explanation:
The price elasticity of demand gives the percentage change in demand with a one percent increase.
Ther are usually negative, but we can work with the absolute values.
An absolute value lesser than 1 is relatively inelastic, so the price should be raised to the unitary elasticity demand(1).
Otherwise, if it is higher than 1, the effect on demand is relatively elastic, so the price should be lowered.
The price elasticity of demand for weekend and evening patrons is -0.70. So the price for weekend and evening patrons should be raised.
The price elasticity of demand for matinee moviegoers is -2.80. So the price for matinee moviegoers should be lowered.
So the correct answer is:
A. Lower the price for matinee moviegoers, and raise the price for weekend and evening patrons.
Nate owns the following property: A personal residence titled fee simple valued at $500,000. A $500,000 life insurance policy on his own life. The only named beneficiary is Nate’s brother Jaime, who died 6 months ago leaving two children, Michael and Kristi. A car valued at $15,000 titled JTRWROS with Nate’s mother. An IRA valued at $400,000 with Nate’s mother as the named beneficiary. What is the current value of Nate’s probate estate? $500,000. $1,000,000. $1,400,000. $1,415,000.
Your question is asking how much value is Nate's estate.
Answer: $1,000,000The reason why it would be $1,000,000 is because there are some things that adds value to his real estate, and there are some things that don't count as value for his estate.
Lets show you the values that would be added into his estate:
Personal ResidenceLife Insurance PolicyThe reason why those values would add on to Nate's estate is because those would be known as positive value, Nate's personal residence, his house, has value that he currently owns because it's his house, so the benefit of the house's value would belong to him. The life insurance policy beneficiary would go to Nate because the person that was on the beneficiary was already dead, meaning that they would give him the money.
Lets show you the values that would NOT be added into his estate:
CarIRAThe reason why those values would not be added to his estate because the stuff is contracted/named for someone else. The car is technically not his; it would belong under the JTRWROS. It would only operate under the law. The IRA would also not be added to his estate because the beneficiary that's on the IRA is still alive, therefore giving that person the money.
You would add the total amount of money Nate would have; the Personal Residence ($500,000) and the insurance policy ($500,000).
[tex]500,000+500,000=1,000,000[/tex]
Therefore, giving you the estate for Nate of $1,000,000.
The value of Nate's probate estate is either $500,000 if the life insurance doesn't revert to estate or it's $1,000,000 if it does. The car and the IRA are not part of the probate estate as they pass directly to the specified beneficiaries.
Explanation:The probate estate only includes property that will pass under the deceased's will or via intestate succession laws if there's no will. It doesn't include assets that pass outside of probate. Assessing Nate's property, his personal residence valued at $500,000 would be part of his probate estate. The life insurance would normally not be included; however, since the beneficiary is deceased, and assuming there's no contingent beneficiary, the value may revert to his estate. The car, valued at $15,000, will pass to Nate's mother directly due to it being titled as 'JTRWROS' (Joint Tenants with Right of Survivorship) and so, wouldn't be included. Finally, the IRA valued at $400,000, is not considered part of the probate estate because Nate's mother, being the named beneficiary, will receive these assets directly outside of probate. The probate value if insurance reverts to estate: $1,000,000. If not, $500,000.
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Patrick, an employee at Jones Inc., was unhappy with the firm’s existing project management system. Hence, he communicated this to the top management by expressing his complaints in an e-mail. According to the work of the philosopher Immanuel Kant, Patrick applied his right of _____.
A. freedom of conscience
B. first refusal
C. freedom of speech
D. privacy
E. free consent
Answer: B. first refusal
Explanation:
Answer:
C. freedom of speech
Explanation:
In this example, we see that Patrick exercised his right to freedom of speech. Freedom of speech refers to the liberty that a person has to express his opinion and thoughts. Patrick did so by communicating his unhappiness with the firm's existing project management system. Freedom of speech is a value that is part of most democracies nowadays, although usually with certain limitations, such as hate speech.
Whether you decide to accept or decline a promotion, or are rejected, it is important to your future prospects that you ___________.
a.
Discuss your evaluation results with all of your coworkers in the office
b.
Determine whether the company really gave you a fair shot at the job
c.
Ask for a raise so that your employers realize you’re not a push-over
d.
Thank the people who conducted your promotion evaluation for their consideration
Answer:
The correct answer is: d. Thank the people who conducted your promotion evaluation for their consideration.
Explanation:
This response is the best option since it indicates to your employers and future prospects that you are a mature and professional individual. Option A is unprofessional, and might lead you to be perceived in a poor light by your colleagues and/ or your boss. Option B is not very productive, and is not as effective as option D. Option C doesn't make much sense since-as implied in the question,- you might or might not even receive a promotion.
Answer:
D edge 2020
Explanation:
You won a free ticket to see a Bruce Springsteen concert (assume the ticket has no resale value). U2 has a concert the same night, and this represents your next-best alternative activity. Tickets to the U2 concert cost $80, and on any particular day, you would be willing to pay up to $100 to see this band. Assume that there are no additional costs of seeing either show. Based on the information pre- sented here, what is the opportunity cost of seeing Bruce Springsteen?
Final answer:
The opportunity cost of seeing Bruce Springsteen is $100, which is the foregone personal valuation of attending the U2 concert, the next-best alternative.
Explanation:
The opportunity cost of attending the Bruce Springsteen concert is the value of the best alternative forgone, which in this case is the U2 concert. Since you're willing to pay up to $100 to see U2 and the actual ticket is $80, your personal valuation of the concert is $100. Therefore, the opportunity cost is not just the ticket price, but the amount you're willing to pay. The opportunity cost of seeing Bruce Springsteen is therefore $100.
Which of the following is not a trend?
The development of virtual companies
Decrease in higher education
Do you need for multilingual workers
More women in the workplace
Answer:
2nd option
Hoped i'm right lol
Explanation:
Answer:
The correct option is B, Decrease in Higher Education.
Explanation:
Higher Education is education after graduation. Post graduation studies, Doctorate, etc are considered higher education levels. Now a days, people tend to get higher educational degrees in order to get better jobs and do something extraordinary in their field of interest. So in this question, option B is appropriate, because Decrease in higher education is not a trend. Rather people are more inclined towards getting professional higher educational degrees.
Simple random sampling uses a sample of size n from a population of size N to obtain data that can be used to make inferences about the characteristics of a population. Suppose that, from a population of 80 bank accounts, we want to take a random sample of four accounts in order to learn about the population. How many different random samples of four accounts are possible?
Answer:
1,581,580
Explanation:
Here we have a combination problem, because the order of the selected accounts is not important. (if the order was important, it would be a permutations problem)
We have 80 possible accounts (n)
Out of which we need to select 4 (r)
C(n,r) = n! / (r! (n - r)!)
C(80,4) = 80! / (4! 76!) = 1,581,580
So, there are 1,581,580 different random samples of 4 accounts out of 80.
Different random samples of four accounts are possible, 1,581,580 when Simple random sampling uses a sample of size n from a population of size N.
What is random sampling?Random sampling is defined as the component of the sampling method in which all sample has an equal probability of being picked out.
A sample selected at random is meant to be an impartial content of the total population.
In the above case, we have a combination trouble, because the order of the chosen reports is not crucial.
According to the given problem,
Possible accounts (n) =80
Selection(r) = 4
The formula of combination is :
[tex]\text{C(n,r)} = \dfrac{ n! }{r! (n - r)!)}[/tex]
Substitute the given values in the above formula:
[tex]\text{C(n,r)} = \dfrac{ n! }{r! (n - r)!)}\\\\C(80,4) =\dfrac{80!}{4!\times76!}\\\\C(80,4) =1,581,580[/tex]
Therefore, there are 1,581,580 different random samples of 4 accounts out of 80.
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Brenda has completed a four-year undergraduate degree in accounting. What steps will she need to take to obtain an entry-level job as a CPA?
A.
pass the CPA exam, choose the CPA pathway, and select a specialization area
B.
choose the CPA pathway, pass the CPA exam, and select a specialization area
C.
select a specialization area, pass the CPA exam, and choose the CPA exam
D.
select a specialization area, choose the CPA pathway, and pass the CPA exam
Final answer:
Brenda must choose the CPA pathway, pass the CPA exam, and then select a specialization area to obtain an entry-level CPA job after her accounting degree.
Explanation:
To obtain an entry-level job as a CPA after completing a four-year undergraduate degree in accounting, Brenda will need to take several steps. First, she should choose the CPA pathway, aimed at preparing for and obtaining CPA licensure. Following this choice, Brenda is required to pass the CPA exam, a regulatory requirement for accountants wishing to practice professionally. The CPA exam is comprehensive and covers multiple areas of accounting knowledge. After passing the CPA exam, it is advised that Brenda selects a specialization area within the field of accounting, which can depend on her interests or the demand in the job market. This specialization can help Brenda stand out to potential employers and may be beneficial for her career progression.
One day, the Northwest Woodworkers Studio produced six times as many bookshelves as the Southwest Woodworking Guild.If the difference in their production is 15, how many bookshelves did Southwest Woodworking Guild produce that day?
Answer:
3
Explanation:
Northwest Woodworkers (NW) produced six times the quantity produced by Southwest Woodworking Guild (SW). That means the difference between the productions is 5 times (think NW produced 6 and SW produced 1 for example, overall, it's 6x but it's a difference factor of 5x).
Since we know the different in units was 15, we can say:
5x = 15, so x = 3
SW produced 3 bookshelves, while W produced 18. (6x as many, difference of 15).
Closing a sale refers to: A. asking for a referral from a prospective customer.B. being turned down by a prospective customer.C. delaying the decision to make a new product.D. obtaining a commitment from the customer.
Answer:
D. obtaining a commitment from the customer.
Explanation:
Closing a sale is the equivalent of making a sale.
To consider a sale done, you need to have a commitment from the customer to buy the product/service you're offering. That usually mean receiving money or at least firming a binding contract.
None of the other options is describing a complete sale. A and C are potential leads/sales... while B if of course the opposite of closing a sale.
You are trying to pick the least expensive car for your new delivery service. You have two choices: the Scion xA, which will cost $13,000 to purchase and which will have OCF of −$1,200 annually throughout the vehicle's expected life of three years as a delivery vehicle; and the Toyota Prius, which will cost $23,000 to purchase and which will have OCF of −$550 annually throughout that vehicle's expected five-year life. Both cars will be worthless at the end of their life. If you intend to replace whichever type of car you choose with the same thing when its life runs out, again and again out into the foreseeable future, and if your business has a cost of capital of 12 percent, what is the difference in the EAC of the two cars?
Answer: The difference in the EAC of the two cars is $317,89; with an EAC of $6.612,54 for the Scion xA and $6.930,42 for the Toyota Prius, so the better option is the Scion xA.
Explanation: EAC means Equivalent annual cost and represents the cost per year of owning, operating, and maintaining an asset over its entire life. It is used to compare the cost-effectiveness of various assets that have unequal lifespans. The formula of EAC is the following:
EAC = NPV / A(t,r)
NPV: Net Present Value
A(t,r): Annuity factor
A(t,r) = (1 - 1/(1+r)^t) / r
t: Number of periods
r: Cost of capital
Therefore, we proceed to calculate the A(t,r) for each car:
1. Scion xA: (1 - 1/(1+12%)^3) / 12% = 2,401831268
2. Toyota Prius: (1 - 1/(1+12%)^5) / 12% = 3,604776202
Next, the initial costs must be divided by the annuity factor while adding in the OCF:
1. Scion xA: 13000/2,401831268 + 1200 = $6.612,54
2. Toyota Prius: 23000/3,604776202 + 550 = $6.930,42
The Equivalent Annual Cost (EAC) for the Scion xA is $6,912.82, while for the Toyota Prius it is $7,142.87. Thus, the Scion xA is less expensive by $230.05 in terms of EAC.
Explanation:To determine the difference in Equivalent Annual Cost (EAC) between the two cars, we first need to calculate the EAC for each car. The EAC is calculated using the formula EAC = NPV / AEP, where NPV is the Net Present Value of the cost of the car and AEP is the Annuity Equivalent Present value, a factor that depends on the life of the car and the cost of capital.
For the Scion xA: NPV = $13,000 + ($1,200 x 3) = $16,600 and AEP = ((1 - (1 + 0.12)^-3) / 0.12 = 2.40183. So, the EAC = $16,600 / 2.40183 = $6,912.82.
For the Toyota Prius: NPV = $23,000 + ($550 x 5) = $25,750 and AEP = ((1 - (1 + 0.12)^-5) / 0.12 = 3.60478. So, the EAC = $25,750 / 3.60478 = $7,142.87.
Therefore, the difference in EAC between the two cars is $7,142.87 - $6,912.82 = $230.05. This suggests that the Scion xA is less expensive in terms of the equivalent annual cost.
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Lamp Light Limited (LLL) manufactures lampshades. It applies variable overhead on the basis of direct labor hours. Information from LLL’s standard cost card follows:
Standard Quantity Standard Rate Standard Unit Cost
Variable manufacturing overhead 0.6 $0.80 $0.48
During August, LLL had the following actual results:
Units produced and sold 22,100
Actual variable overhead $ 9,490
Actual direct labor hours 16,000
Lamp Light Limited (LLL) calculates a fixed overhead rate based on budgeted fixed overhead of $60,300 and budgeted production of 20,100 units. Actual results were as follows:
Number of units produced and sold 22,100
Actual fixed overhead $ 58,300
a. Calculate the fixed overhead rate based on budgeted production for LLL.
b.Calculate the fixed overhead spending variance for LLL.
c.Calculate the fixed overhead volume variance for LLL.
d. Calculate the over- or underapplied fixed overhead for LLL.
HR activities are exclusively carried out by an HR specialist in small organizations. T/F
Answer:
efvgfr
Explanation:
grhrth
The claim that HR activities are exclusively carried out by an HR specialist in small organizations is false. In such settings, various employees often handle HR responsibilities to ensure efficient workforce management.
Explanation:The statement that HR activities are exclusively carried out by an HR specialist in small organizations is false. In small organizations, it is common for HR tasks to be distributed among various employees, including those in management and leadership roles. These individuals may take on HR responsibilities alongside their primary job duties due to the limited size of the organization and the impracticality of having a dedicated HR specialist.
The focus of HR activities in these settings often involves retention of employees and hiring practices to optimize the workforce in line with the organization's size and needs. While a specialist might be more prevalent in larger organizations, in smaller teams, multitasking becomes essential for efficiency and cost-saving.
True or False: Increasing the number of stocks in a portfolio reduces market risk. True False
Answer:
true
Explanation:
I thinks the answer is true! Sorry if I’m wrong! :)
What interest would you earn if you deposited $4,300 in the bank at 5% interest for 10 years? Please explain!!!!!
Using formula for simple interest PxTxR/100
Principal: $4300
Time: 10 years
Rate: 5%
4300*10*5/100
$2150
To calculate the interest earned on $4,300 deposited in the bank at 5% interest for 10 years, you would use the simple interest formula. The interest earned would amount to $2,150.
To calculate the interest earned:
Identify the variables: Principal amount = $4,300, Interest rate = 5%, Time = 10 yearsUse the formula for simple interest: Interest = Principal x Rate x TimeCalculate the interest: Interest = $4,300 x 0.05 x 10 = $2,150The interest earned will be $2,150.
In a (n) ____________________, there are policies, standards, baselines, procedures, guidelines, and taxonomy.asset management policyIT policy frameworkcontrol standardrisk assessment policy
In your question, it's asking what specific thing contains policies, standards, baselines, procedures, guidelines, and taxonomy.
Answer: IT policy frameworkThe reason why "IT policy framework" would be the correct answer because it is the framework that holds an organization's policies. In the document, it allows people to understand the organizations rules and regulations that they have, and it's easily accessible.
This information is mostly stored digitally in the organization, which makes it even easier for complaints to access. In a IT policy framework, it contains a organizations information like guidelines, procedures, policies, baselines, etc. This could also be known as a place where the organization keeps their guidelines, so that there is no confusion what the organization expects from people.
This helps businesses a lot because it allows the organization to "thrive" more with it's complaints and/or customers. Without this, the organization would be unorganized on their guidelines and what they are.
Deep water can _____.
A. cause your vehicle to catch on fire
B. be the safest path across an intersection
C. protect your vehicle from a collision
D. stall your vehicle
Answer:
The Correct Answer is D.
Explanation:
Water can be destructive also if there is too much water then it can cause flood and too much flood cause wetland which can be destructive and can also cause human life if human setups are come in its direct contact.Another major destruction which water can cause is in the form of Tsunami in which a big long wave travel with hundreds of miles speed hit the shores and whenever Human settlements come in its direct contact it causes serious damage.
Many retail stores, such as grocery stores and discount stores, experience long lines during peak periods of the day. The problem is noticeably worse on certain days of the week, such as weekends and before holidays, or when there are sales promotions. There are usually enough workers on the job to open all cash registers. The problem is knowing when to call some of the workers who are performing other activities, such as stocking shelves or helping customers in the store itself, to the front to work the checkout counters. What type of data would be needed to facilitate good decisions here?
Answer:
to calculate all the busiest times days and holidays and have the people already on the floor for those times days and holidays half on floor half at register
Demand for food doesn't change in response to a change in price. Why?
A. Prices are set by the government.
B. People never change their eating habits.
C. Demand for food is elastic.
D. Demand for food is inelastic.
Answer:
D. Demand for food is inelastic
Explanation:
People will need food. It is a need. The demand does not change as if it is a good.
Answer: D.
Explanation: Demand for food is inelastic.
Consider the economies of Sporon and Tralfamadore, both of which produce glops of gloop using only tools and workers. Suppose that, during the course of 40 years, the level of physical capital per worker rises by 5 tools per worker in each economy, but the size of each labor force remains the same.Complete the following tables by entering productivity (in terms of output per worker) for each economy in 2020 and 2060.Year SporonPhysical Capital Labor Force Output Productivity(Tools per worker) (Workers) (Glops of gloop) (Glops per worker)2020 11 30 1,800 _______2060 16 30 2,160 _______Year TralfamadorePhysical Capital Labor Force Output Productivity(Tools per worker) (Workers) (Glops of gloop) (Glops per worker)2020 8 30 900 _______2060 13 30 1,620 _______Initially, the number of tools per worker was higher in Sporon than in Tralfamadore. From 2020 to 2060, capital per worker rises by 5 units in each country. The 5-unit change in capital per worker causes productivity in Sporon to rise by a ( larger,smaller) amount than productivity in Tralfamadore. This illustrates the concept of (increasing returns, constant returns, inward- oriented growth, the brain dain, diminishing returns), which makes it (more difficult, easier) for countries with low output to catch up to those with higher output.
6448384848383383 what is this
A company uses the periodic inventory system and had the following activity during the current monthly period. November 1: Beginning inventory 116 units @ $28 November 5: Purchased 108 units @ $30 November 8: Purchased 58 units @ $31 November 16: Sold 224 units @ $53 November 19: Purchased 58 units @ $33 Using the weighted average inventory method, the company's ending inventory would be reported at:
Final answer:
To find the ending inventory value using the weighted average cost method, the total cost of all inventory ($6,472) is divided by the total units available for sale (340 units) to get an average cost of $19.04 per unit. The ending inventory is then calculated by multiplying the remaining units (116 units) by this average cost, resulting in a value of $2,208.64.
Explanation:
The company using the weighted average inventory method must combine the cost of all purchases and divide by the total number of units available for sale to find the average cost per unit. The formula for the weighted average cost per unit is as follows: Total cost of inventory available for sale divided by the total units available for sale.
To calculate the weighted average cost per unit:
Add up the total cost of beginning inventory and purchases made during the period: (116 units × $28) + (108 units × $30) + (58 units × $31) + (58 units × $33) = $6,472Calculate the total number of units available for sale: 116 + 108 + 58 + 58 = 340 unitsDivide the total cost by total units available for sale to find the weighted average cost per unit: $6,472 / 340 units = $19.04 per unitOn November 16, 224 units were sold, leaving us with 340 - 224 = 116 units in the ending inventory. To calculate the ending inventory value:
Multiply the remaining units by the weighted average cost per unit: 116 units × $19.04 = $2,208.64Therefore, the company's ending inventory would be reported at $2,208.64.
Stu owns an ice cream parlor that is usually closed during the winter. This winter, however, Stu is considering opening his business in February instead of March. If Stu opens his store in February, he will earn total revenue of $4,000 for the month, incurring variable costs of $3,500 and fixed costs of $1,500. If the store remains closed during February, Stu will earn no revenues and incur fixed costs of $1,500. Stu should:
Answer:
Open in February
Explanation:
Let's examine the revenus and costs for both scenarios:
Stu DOES NOT open in February:
Revenues: $0
Costs: $1,500 (fixed costs)
Difference: - $1,500 (loss of $1,500)
Stu DOES open in February:
Revenues: $4,000
Costs: $5,000 ($1,500 fixed costs + $3,500 variable costs)
Difference: - $1,000 (loss of $1,000)
So, by opening in February, he'll reduce his loss for that month by $500 ($1,500 vs $1,000).
Which step of creating a financial budget involves listing the payroll, rental, and utility costs?
A.) planning and gathering financial information
B.) calculating the budget
C.) estimating potential program expenses
D.) calculating expenses
The process of listing costs such as payroll, rental, and utilities in a financial budget is part of the 'calculating expenses' stage. All operation-associated costs are included here to avoid overlooking any expenses.
Explanation:The step of creating a financial budget that involves listing the payroll, rental, and utility costs is known as D.) calculating expenses. In this stage, all fixed and variable costs that are associated with the operation of the business are calculated. This involves not only obvious costs like payroll, rentals, and utilities, but also overhead costs that may be part of the running of the business. The goal is to compile a comprehensive list so no expenses are overlooked when creating the budget.
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The step of creating a budget that involves listing expenses such as payroll, rental, and utilities is called 'estimating potential program expenses'. In this stage, all expected expenses for upcoming periods are included to reflect the true operational costs of a business.
Explanation:In the process of creating a financial budget, the step that involves listing expenses such as payroll, rental, and utility costs can be identified as estimating potential program expenses(C.). During this stage, you would gather information about all the expected costs your business could incur in an upcoming period, which includes recurring costs like payroll, rent, and utility bills. This step is crucial in ensuring that your budget reflects the true cost of running your operations.
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Doubt that occurs after a purchase has been made is called _____. A. cognitive dissonanceB. customer vectorC. segmentationD. trendiness
Answer:
(A) cognitive dissonance
Explanation:
The type of cognitive dissonance that appears when a customer seems to regret her or his purchase is commonly known as buyer’s remorse. It can be because customers made an impulsive purchase and thus now is regretting his or her decision, or because the item that she or he purchases are expensive in nature. In addition to the price of the purchased item, other factors that causes buyer’s remorse to arise are high involvement of the purchaser, compatibility of the product purchased, and the purchaser’s goals.
Which of the following refers to the process of getting detailed information about jobs?A. Job rotationB. Supply chain managementC. Job analysisD. Policy creationE. Job orientation
Which statement is not true?
26% of fortune 500 CEOs are women
More than 50% of all professional level jobs are healed by women
8.1% of the top earners or women
4.6% of fortune 500 CEOs are women
Answer:
26% of fortune 500 CEOs are women
Explanation:
Based on the magazine's 2019 list, there are 33 women CEOs of the fortune 500, which represents 6.6 percent of Fortune 500 CEO roles.
Maybe all these statements are based on a previous version of the magazine, but in all cases, the statement: "26% of fortune 500 CEOs are women" is not realistic. So, that statement is NOT true.
The incorrect statement is '26% of fortune 500 CEOs are women' as only 8.8% of Fortune 500 CEOs were women in 2022, indicating a significant 'glass ceiling' in corporate leadership.
According to recent data, in 2022, only 8.8% of Fortune 500 companies had female CEOs. In fact, the number of women in these top leadership positions increased only slightly from 6% in 2017 to 8.8% in 2022. Although more than 50% of all professional-level jobs are held by women, and they make up close to 50% of the workforce, men are still four times more likely to reach the highest levels of organizations, indicating a persistent 'glass ceiling'.
Which of the following is true of follow-up? A. It increases cognitive dissonance in customers.B. It is typically done only once after a sale.C. Electronic approaches to follow-up dramatically lower the cost of marketing efforts.D. It refers to business owners doing what they said they would do.
Answer:
(C) Electronic approaches to follow-up dramatically lower the cost of marketing efforts
Explanation:
In sales and marketing, follow-up refers to continuously building future client or customer relationships in order to make a sale. This also means contacting the possible client or customer through various avenues of contact to establish a better relationship which might translate into future sales. These days, online marketing tools such as newsletter emails, make follow up much easier than offline marketing efforts, such as through phone calls.