If resources are allocated to their highest-valued use, allocative efficiency, a type of economic efficiency, is attained.
What is allocative efficiency in the field of economics?Efficiency is the characteristic of a market where all goods and services are distributed among consumers in an economy in an allocative or allocational manner.
The term "allocative efficiency" refers to the allocation of economic resources across different enterprises and industries, each of which upholds the productive efficiency principle, in a way that generates the necessary volume of finished consumer goods.
The meaning of allocative effectiveness When is there allocative efficiency?There is efficient allocation of resources when one party does not gain from a good at the expense of another. Both parties must be willing to exchange the good with one another in order for the trade to be profitable for both parties.
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the following data refer to jacket company's ending inventory: item code quantity unit cost unit market small 100 $114 $116 medium 420 76 88 large 600 84 88 extra-large 220 134 128 how much is the inventory if the lower of cost or market rule is applied to each item of inventory?
$121,880 will be the inventory if the lower of cost or market rule is applied to each item of inventory.
given data:
Quantity of small unit = 100
Lower of cost of small unit = 114
Inventory Value of small unit = 100 x 114
= 11400
Quantity of medium unit = 420
Lower of cost of medium unit = 76
Inventory Value of medium unit = 420 x 76
= 31,920
Quantity of large unit = 600
Lower of cost of large unit = 84
Inventory Value of large unit = 600 x 84
= 50,400
Quantity of extra large unit = 220
Lower of cost of extra large unit = 128
Inventory Value of extra large unit = 220 x 128
= 28,160
Total inventory value = 11400 + 31,920 + 50,400 + 28,160
= 121,880
Inventory refers to the goods or products that a business holds for sale or production. Proper inventory management is essential for ensuring the availability of products, controlling costs, and maintaining efficient operations. Overstocking or understocking inventory can lead to lost sales, lower profits, and other operational problems.
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which of the following statements concerning operations and supply chain management is true? group of answer choices operations management is the term used to describe how a company is linked to its suppliers, distributors, and customers. information, materials, and intangible needs are three examples of inputs to the transformation process. operations management decisions refer only to immediate issues, such as determining the best way to fill a current customer request. when referring to operations as a transformation process, the only possible output is a tangible good.
is accurate in relation to operations and supply chain management set of potential solutions The phrase "operations management" refers to a company's relationships with its distributors, suppliers, and clients.
The process known as supply chain management (SCM) in business entails procurement (purchasing raw materials/components), operations management (ensuring the production of high-quality products at a high rate with good flexibility and low production cost), logistics, and marketing channels in order to transform raw materials into finished goods and deliver them to customers. . This can include the movement and storage of raw materials, inventories of finished goods and works-in-progress, and the entire process of fulfilling orders. Three examples of inputs to the transformation process are information, materials, and intangible demands. Decisions in operations management only deal with urgent matters, including choosing the most effective method to fulfil a recent customer request. The only potential result when considering operations as a transformation process is a tangible good.
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vincent invested $3,000 in a regular savings account that paid compound interest at a rate of 2.75% per year, compounded quarterly. how much was his investment worth in three years?
The correct answer is $3,257.08. vincent invested $3,000 in a regular savings account that paid compound interest at a rate of 2.75% per year, compounded quarterly.
The future value of a loan or investment may be determined using the formula FV = P*(1+R/N)(N*T), where FV is the future value, P is the original principle, R is the yearly interest rate, N is the number of times interest is compounded annually, and T is the length of time in years. Therefore, when compounded continually, it will take around 36.62 years to treble the investment. It is computed by adding the yearly interest rate increased to the number of compound periods and subtracting one after multiplying the initial principal amount by one. The resultant value is subsequently deducted from the loan's entire original amount. P stands for principle, I stands for interest rate, and n stands for compounding periods.
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according to mary parker follett, which conflict resolution would result in the most optimal outcome for the organization and result in a solution where everyone benefits. a. domination based resolution b. integrative conflict resolution c. compromise d. win-win resolution
According to Mary Parker Follett, the most optimal conflict resolution approach for organizations is the integrative conflict resolution .option b is correct.
This approach involves the identification and acknowledgement of the underlying interests and needs of all parties involved, and seeking a solution that addresses these interests and needs in a way that benefits everyone. It involves collaboration, communication, and problem-solving that leads to a win-win solution. On the other hand, domination-based resolution involves one party exerting power over the other, which can result in a solution that may not be fair or sustainable in the long run. Compromise, although it may seem like a fair solution, can still result in some parties feeling unsatisfied or having to give up more than they would like. In contrast, win-win resolution, which is similar to integrative conflict resolution, also aims to find a solution that benefits all parties. However, it often involves a more structured and formalized approach to negotiation and may not be as flexible as the integrative approach. Overall, Mary Parker Follett believed that integrative conflict resolution is the most effective approach for resolving conflicts in organizations because it leads to a solution that benefits all parties involved, promotes collaboration, and leads to a sustainable and lasting resolution.
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what percentage of hardwood exports come from developing (periphery) countries and what percentage comes from developed (core) countries
Out of the total export of wood around 40% comes from developed countries and 15% comes from developing countries
Exports are crucial to the marketing of democracies because they provide individuals and companies with access to a larger market for their goods. One of the most important functions of international relations and diplomatic ties between governments is the promotion of commercial trade by encouraging exports. Exporting to new markets can boost sales and profitability and even provide businesses the chance to win a sizable share of the world market. Businesses that often export are frequently more unstable financially. Because they raise the gross domestic product of the exporting country, exports are essential to that country's economy.
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mackenzie company sold $680 of merchandise to a customer who used a regional bank credit card. regional bank charges a 4.0% fee for sales on its credit cards. the journal entry to record this sales transaction would be:
The journal entry to record this sales transaction would be: d. Debit Cash $652.8; debit Credit Card Expense $27.2 and credit Sales $680.
Journaling is the practice of keeping or producing records of all transactions, whether or not they are financial.
A company's debit and credit balances are shown in an accounting journal, along with a list of transactions. The journal entry may contain multiple entries, each of which is either a credit or a debit. For the journal entry to be deemed balanced, the total of the debits and credits must be equal.
Two examples of recurring items that can be noted in journal entries are depreciation and bond amortization. Accounts payable typically has its own subledger and indirectly affects the general ledger, while journal entries are typically entered using a different module in accounting software. Therefore, the general ledger account balances are directly impacted by journal entries.
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Note that the full question is:
MacKenzie Company sold $680 of merchandise to a customer who used a Regional Bank credit card. Regional Bank deducts a 4.0% service charge for sales on its credit cards. MacKenzie electronically remits the credit card sales receipts to the credit card company and receives payment in approximately 5 days. The journal entry to record this sale transaction would be:
a. Debit Cash of $680 and credit Sales $680.
b. Debit Cash of $680 and credit Accounts Receivable Regional $680.
c. Debit Accounts Receivable Regional $652.8; debit Credit Card Expense $27.2 and credit Sales $680.
d. Debit Cash $652.8; debit Credit Card Expense $27.2 and credit Sales $680.
e. Debit Cash $652.8 and credit Sales $652.8
aguilar manufacturing company packages a product for shipping by wrapping tape around the package as shown in the diagram. an additional 10% length of tape per package is needed for overlap. what is the total length of tape needed per package?
So the total length of tape needed per package is 2.1 times the sum of the length, width, and height of the box.
If we call the length of the box "L", the width "W", and the height "H", then the length of tape needed to go around the box once (without overlap) would be: L + W + H
To add the 10% overlap, we need to add an additional 10% of this length to the total. This can be done by multiplying the length by 1.1:
[tex]1.1 * (L + W + H)[/tex]
So the total length of tape needed per package would be:
[tex]L + W + H + 1.1 * (L + W + H)[/tex]
Simplifying this expression, we can factor out (L + W + H) to get:
[tex](L + W + H) * 2.1[/tex]
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The Hechsler-Ohlin theory suggests that this country would produce and export labor-intensive products. ____
The Hechsler-Ohlin theory predicts that this country would produce and export labor-intensive items. True.
The required details about export labor is mentioned in below paragraph.
Employment that is export-oriented is typically found in foreign industrial enterprises owned by multinational corporations, which are frequently located in developing countries. These companies produce goods and provide services for export. Exporting products is especially beneficial for medium-sized and large businesses who have already established themselves in the local market. After these businesses have saturated the market in their own nation, exporting products might be a great opportunity to increase sales. Employment that is export-oriented is typically found in foreign industrial enterprises owned by multinational corporations, which are frequently located in developing countries. These companies produce goods and provide services for export.
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True or false? When deciding whether to buy a second car, the economic way of thinking indicates that the purchaser should compare the additional benefits of the second car with the additional cost of the second car.
True. When making a decision to buy a second car or any other economic decision, the economic way of thinking indicates that one should compare the additional benefits of the second car with the additional cost of the second car.
This is known as a cost-benefit analysis, which helps individuals and businesses make informed decisions based on weighing the pros and cons of a particular choice.
What is cost benefit analysis?
Cost-benefit analysis (CBA) is a technique used to evaluate the potential benefits and costs of a proposed project or policy. It is a systematic process that involves identifying, measuring, and comparing the expected benefits of a project or policy with its expected costs.
The goal of CBA is to determine whether the benefits of a project or policy outweigh its costs, and to provide decision-makers with a quantitative basis for evaluating alternative options.
The benefits and costs can be both monetary and non-monetary, and are usually expressed in terms of present value to account for the time value of money.
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mark granovetter has argued that the people you know best are likely to possess only information you already have. this is why he believed that when looking for employment, it is advantageous to have
Mark Granovetter has argued that the people you know best are likely to possess only information you already have, it is advantageous to have: more casual acquaintances who are connected to different social networks.
Mark Sanford Granovetter is an American sociologist and teacher at Stanford College. He is most popular for his work in informal organization hypothesis and in financial social science, especially his hypothesis on the spread of data in interpersonal organizations known as The Strength of Weak Ties.
In "The Strength of Weak Ties " Granovetter discusses attaches with individuals you know best, as they are probably going to have just data you as of now have, yet connections as "powerless ties" and he characterizes a frail tie as a far-off companion that can connect gatherings of solid ties together, and they can give possible associations with new position valuable open doors, which is one of the positive secondary effects referenced by Granovetter as it's the most limited course which data can move from a gathering to another.
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the real estate manager of a commercial building needs to fill three empty spaces. the options for each store are:
Three voids must be filled in the commercial building housing the grocery shop.
Why do you use the term "commercial"?Anything that is commercial is typically related to business or commerce. A infomercial is a piece of business advertising. Selling services or items for a profit is said to it as trade. Also, commercial trading is done in the forward and financial markets, usually for hedging purposes.
Does "commercial" imply "price"?Advert Costs refers to the internal costs and funds paid to third parties expended by or on service of a Party or its Parties in carrying out the Corporatization to the extent relevant to the Licensed Product as an expense in line with U.S. commonly accepted accounting principles.
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on may 1, shilling company sold merchandise in the amount of $5,800 to anders, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. shilling uses the perpetual inventory system and the gross method. the journal entry or entries that shilling will make on may 1 is (are): multiple choice account title debit credit sales 5,800 accounts receivable 5,800 account title debit credit sales 5,800 accounts receivable 5,800 cost of goods sold 4,000 merchandise inventory 4,000 account title debit credit accounts receivable 5,800 sales 5,800 account title debit credit accounts receivable 5,800 sales 5,800 cost of goods sold 4,000 merchandise inventory 4,000 account title debit credit accounts receivable 4,000 sales 4,000
the entry(s) to be made in the journal on May 1: Account title Debit Credit Sales 5,800 Accounts Receivable 5,800 Account Title Sales 5,800 Accounts Receivable As a result, choices (A) and (B) are correct.
What is meant by sold merchandise?Both total revenues and total assets will rise on the day the product is sold as a result of the sold goods on account. Moreover, using the perpetual inventory method will cause the asset, which is the merchandise inventory on the balance sheet, to decline on the same day as the cost of goods sold increases on the income statement.
On the other hand, if we utilize the periodic inventory method, the cost of products sold won't be computed and recorded until the end of accounting, after we've carried out a physical count of the inventory to ascertain the actual balance.
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if $5,000 is borrowed on a discount basis and the rate is 10 percent, the annual percentage interest rate on this loan would be
If $5,000 is borrowed on a discount basis and the rate is 10 percent, the annual percentage interest rate on this loan would be 11.1%.
The interest rate is the amount/money that the lender charges the borrower, which is the principal - a percentage of the loan amount. Interest rates on loans are usually quoted at an annual rate known as the annual percentage rate (APR).
Interest rates may also apply to amounts derived from a bank or credit union savings account or certificate of deposit (CD). Annual Rate of Return (APY) refers to the interest earned on these/the deposit accounts.
Interest rates are therefore applicable to most loans or lending transactions. Individuals borrow money to buy a home, finance a project, start or finance a business, or pay for college tuition.
Businesses borrow to finance capital projects and purchase fixed and long-term assets such as land, buildings and machinery to expand their operations.
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What is business?In this project, we use a thorough examination and selection of the performers. To get more tasks and earn more money, please be attentive and patient.
Business is the activity of making, buying, or selling goods or providing services in exchange for money.
Businesses are organizations that use resources to produce goods and services that are sold to customers for profit. In the context of your project, it sounds like you are selecting performers to be a part of a business venture. It is important for these performers to be attentive and patient in order to complete tasks and earn money.
By doing so, they can contribute to the success of the business and potentially earn more money in the long run.
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review the risk management policy in appendix b. what other types of policies can you describe to manage risks?
Equipment precautions, such as safety training, inspection, and usage seminars, are only a few examples of the various corporate rules and regulations for risk management.
How is a policy on risk management reviewed?Reviewing a framework for risk management can be done in a variety of ways, some of which are: • carrying out a thorough analysis of the main elements of the structure for risk management. demanding that internal audit analyze the framework for risk management • comparing performance to that of other organizations. records that are specific about when the tools used to execute tasks were last examined, repaired, or maintained. hiring and screening candidates.
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an owner installs an antique fireplace in their living room. the cost is $20,000, but it only adds $7,000 in appraised value to the property overall. the homeowner is frustrated as they expected the added value to be at least equal to installation costs. which economic principle is demonstrated here?
From the given information, the economic principle demonstrated in this scenario is the principle of diminishing marginal utility.
The principle of diminishing marginal utility states that as a person consumes more of a good or service, the additional satisfaction or utility that they derive from each additional unit of the good or service tends to decrease. In other words, the more of a particular good or service a person has, the less valuable each additional unit becomes.
In this scenario, the homeowner may have assumed that the installation of an antique fireplace would add value to their property at a rate that is equal to the cost of installation. However, the appraised value of the property increased by only $7,000, which is significantly less than the installation cost of $20,000. This discrepancy demonstrates that the homeowner may have overestimated the marginal utility of the antique fireplace, and that the value of each additional unit (in this case, each additional dollar spent on the fireplace) decreased as more was consumed (installed).
Therefore, the principle of diminishing marginal utility is at play, and the homeowner has experienced a situation where the added value of a good or service did not increase at the same rate as the cost of the good or service.
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Answer:
The economic principle demonstrated here is the Law of Diminishing Returns, which states that each additional input in a production process yields smaller and smaller returns. In this case, the homeowner invested $20,000 in the fireplace, but only received an additional appraised value of $7,000. This demonstrates that investments in certain goods can yield diminishing returns over time.
Name and describe four trade barriers.
Answer:
subsidies, standardization, tariffs, quotas, and licenses.
Explanation:
The main types of trade barriers used by countries seeking a protectionist policy or as a form of retaliatory trade barriers are subsidies, standardization, tariffs, quotas, and licenses.
lorenzo company applies overhead to jobs on the basis of direct materials cost. at year-end, the work in process inventory account shows the following. work in process inventory debit credit beginning 0 direct materials used 1,500,000 direct labor used 300,000 overhead 600,000 2,350,000 cost of goods manufactured ending 50,000 1. determine the predetermined overhead rate used (based on direct materials cost). 2. only one job remains in work in process inventory at year-end. its direct materials cost is $30,000. how much direct labor cost and applied overhead are assigned to this job?
To determine the predetermined overhead rate used by Lorenzo Company, we need to divide the total overhead cost by the total direct materials cost. Using the information given in the problem:
Total overhead cost = $600,000
Total direct materials cost = $1,500,000
Predetermined overhead rate = Total overhead cost / Total direct materials cost
Predetermined overhead rate = $600,000 / $1,500,000
Predetermined overhead rate = 0.4 or 40%
Therefore, the predetermined overhead rate used by Lorenzo Company based on direct materials cost is 40%.
To determine the amount of direct labor cost and applied overhead assigned to the job in work in process inventory at year-end, we need to use the predetermined overhead rate to calculate the amount of overhead applied to the job. We are also given the job's direct materials cost, which we can use to calculate the job's total cost. Using the information given in the problem:
Direct materials cost of the job = $30,000
Predetermined overhead rate = 40%
Total cost of the job = Direct materials cost + Applied overhead + Direct labor cost
Total cost of the job = $30,000 + (0.4 x $30,000) + Direct labor cost
Total cost of the job = $30,000 + $12,000 + Direct labor cost
Total cost of the job = $42,000 + Direct labor cost
We are not given the direct labor cost for this job, so we cannot calculate the total cost of the job. However, we can calculate the amount of applied overhead assigned to the job:
Applied overhead = Predetermined overhead rate x Direct materials cost of the job
Applied overhead = 0.4 x $30,000
Applied overhead = $12,000
Therefore, the amount of applied overhead assigned to the job is $12,000.
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A company's january 1, 2022 balance sheet reported total assets of $155,000 and total liabilities of $62,500. During january 2022, the company completed the following transactions: (a) paid a note payable using $12,500 cash (no interest was paid); (b) collected a $11,500 accounts receivable; (c) paid a $5,500 accounts payable; and (d) purchased a truck for $5,500 cash and by signing a $22,500 note payable from a bank. The company's january 31, 2022 balance sheet would report which of the following?
The company's January 31, 2022 balance sheet would report total assets of $159,500 and total liabilities of $77,000. This is because of the following transactions that were completed during the month of January:
Therefore, total assets would increase by $11,500 + $5,500 =
, respectively.
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Sort the following scenarios according to whether they would cause a shift in the demand curve or movement along a demand curve.
The movement along the demand curve represents a change in the quantity demanded of a good, while a shift in the demand curve represents a change in the overall demand for the good at any given price level.
Explain scenarios that cause a shift in the demand curve?Shifts in the demand curve:
A change in consumer tastes and preferences.A change in the price of a substitute good.A change in the price of a complementary good.Changes in income or wealth.Movement along the demand curve:
A change in the price of the good itself.A change in the quantity of the good supplied by producers.Changes in taxes or subsidies.Changes in production costs, such as wages or raw materials.To know more about Demand curve, check out:
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on september 30, the manager reports that call center hold times for the summer construction season averaged 42 seconds, with 30 percent of all calls not being put on hold at all but 2 percent of calls exceeding 90 seconds of hold time. the plan is rated mostly successful. developing an action plan b. on april 1, the manager sees that nine contingent call center workers have been hired and completed training. on june 30, call center data show 5 percent of calls are on hold for more than 90 seconds. reviewing progress c. based on data on how long people wait before hanging up, the manager decides the maximum time on hold should be 90 seconds. appraising performance d. a pool of twelve contingent call center workers who work at home will be hired and trained before april 15. these employees can be activated anytime hold times threaten to exceed 90 seconds.
The management appears to be doing something about the call center hold times during the summer construction season.
How can it be explained in detail?a. As of September 30, the management states that the summer construction season's standard hold time was 42 seconds. Setting a baseline against which to gauge progress using this data is helpful. 30% of callers were not put on hold at all, which is encouraging, but the 2% of calls that lasted longer than 90 seconds raises questions.
b. The manager hires and trains nine temporary contact center employees on April 1. The call center's ability to handle incoming calls is increased, which is a step in the right direction towards solving the problem.
c.5% of callers on wait for more than 90 seconds, according to call center statistics from June 30. The 2% recorded on September 30 is slightly better at 1%, but this is still more than the manager's objective of limiting the maximum hold duration at 90 seconds. Based on information about how long callers wait before hanging up, the management decides to establish this as the maximum hold duration.
d. The manager intends to employ and train a group of twelve contract contact center employees who can work from home and be called upon when wait times are in danger of going above 90 seconds. This preventive measure ought to assist the call center in controlling surges in call volume over the summer construction season.
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which of the following statements is not correct about the capital allocation line (cal)? question 6 options: one can achieve the maximum possible return along the capital allocation line by investing 100% in the risky asset. the slope of the capital allocation line is the sharpe ratio. it is a plot of risk-return combinations available by varying allocation between risky and risk-free assets. capital allocation line using the market index portfolio as the risky asset is called the capital market line (cml).
One can achieve the maximum possible return along the capital allocation line by investing 100% in risky assets is not correct. A line that graphically displays the risk-and-reward profile of assets is called the capital allocation line (CAL), and it can be used to determine the ideal portfolio.
The capital allocation line (CAL), using the market index portfolio as the risky asset is also called a capital market link (CML), this is a line formed on a graph of all feasible mixtures of risk-free and risky assets. The graph represents the return investors' sway probably earn by expecting a specific level of risk among their investments. The slope of the capital allocation line is the Sharpe ratio. It is called the Sharpe Ratio (SR), which measures the performance of the securities compared with risk-free assets. If the SR is above the CAL, then it is advised to buy the assets if it is below CML then sell them. The higher the slope, the higher the expected return of taking risks.
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play it again sells a unique and vast assortment of sheet music. its customers are high school and college band directors and choir directors who require several copies of the same music, including music written for a variety of instruments. to buy inventory for resale, the business seeks out wholesalers with large inventories. since cash flow is always an important concern, the owner keeps a watchful eye on how quickly various genres of sheet music sell. to help him in this assessment, which ratio would be an important part of this company's financial analysis?
Play it Again, as a retailer of sheet music, an important ratio that could help in assessing the company's financial performance is inventory turnover ratio.
Inventory turnover ratio measures the number of times the company sells and replaces its inventory during a given period. It is calculated as
Inventory Turnover Ratio = Cost of Goods Sold / Average Inventory
This ratio indicates how efficiently the company is managing its inventory and how quickly it is selling its products. For Play it Again, where cash flow is an important concern, a high inventory turnover ratio would be desirable, as it would indicate that the company is selling its products quickly and is not holding onto excess inventory for an extended period. Additionally, by tracking the inventory turnover ratio for different genres of sheet music, the owner could identify which types of music are selling more quickly than others and adjust the purchasing of inventory accordingly.
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which political ideology reflects the idea that a multinational enterprise is an instrument of imperialist domination? multiple choice pragmatic nationalism radical view planned economy mercantilism free market
As long as the advantages outweigh the drawbacks, FDI should be permitted.
Enhanced Employment and Economic Growth
To what does the stock of FDI refer?definition of FDI stocks. Foreign Direct Investment (FDI) stocks track the total level of direct investment at a specific time, typically the end of a quarter or a year. The value of resident investors' equity in and net loans to companies in other countries make up the outward FDI stock.
What is one of the primary advantages that FDI offers the home country?The most evident benefit of FDI is job creation. It is also one of the most significant causes for a country, especially a developing one, to seek out FDI. Increasing FDI promotes
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If a ceo makes a bad decision what will the shareholders do
Lakeland Heating & Cooling installs and services commercial heating and cooling systems. Lakeland uses job costing to calculate the cost of its jobs. Overhead is allocated to each job based on the number of direct labor hours spent on that job. At the beginning of the current year, Lakeland estimated that its overhead for the coming year would be $64,800. It also anticipated using 4,050 direct labor hours for the year In October, Lakeland started and completed the following two jobs: E(Click the icon to view the jobs.) Lakeland paid a $24-per-hour wage rate to the employees who worked on these two jobs. Read the requirements Requirement 1. What is Lakeland's predetermined overhead rate based on direct labor hours?
Lakeland's predetermined overhead rate based on direct labor hours is 16 per direct labor hour.
At the beginning of the current year, Lakeland estimated that its overhead for the coming year would be $64,800.
It also anticipated using 4,050 direct labor hours for the year In October, Lakeland started and completed the following two jobs.
Lakeland paid a $24-per-hour wage rate to the employees who worked on these two jobs.
Predetermined overhead rate based on direct labor hours = Lakeland estimated that its overhead for the coming year/Direct labor hours
Predetermined overhead rate based on direct labor hours = 4,800/4,050
Predetermined overhead rate based on direct labor hours = 16 per direct labor hour
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c. d. rom has just given an insurance company $38,500. in return, he will receive an annuity of $5,000 for 20 years. at what rate of return must the insurance company invest this $38,500 in order to make the annual payments? (do not round intermediate calculations. round your final answer to 2 decimal places.)
The insurance company must earn a rate of return of approximately 6.46% to make the annual payments.
How do you calculate the rate of return?We can use the present value of an annuity formula to find the rate of return that the insurance company must earn to make the annual payments:
PV = PMT x [1 - (1 + r)^(-n)] / r
where PV is the present value of the annuity, PMT is the annual payment, r is the interest rate, and n is the number of years.
Plugging in the given values, we get:
$38,500 = $5,000 x [1 - (1 + r)^(-20)] / r
Simplifying the right-hand side of the equation, we get:
$38,500 = $5,000 x [(1 - (1 + r)^(-20)) / r]
Multiplying both sides by r, we get:
$38,500r = $5,000 x [1 - (1 + r)^(-20)]
Expanding the right-hand side of the equation, we get:
$38,500r = $5,000 - $5,000(1 + r)^(-20)
Adding $5,000(1 + r)^(-20) to both sides, we get:
$38,500r + $5,000(1 + r)^(-20) = $5,000
Multiplying both sides by (1 + r)^20, we get:
$38,500r(1 + r)^20 + $5,000 = $5,000(1 + r)^20
Dividing both sides by $5,000, we get:
7.7r(1 + r)^20 + 1 = (1 + r)^20
Using trial and error or a calculator, we can solve for r to get:
r = 0.0646
So the insurance company must earn a rate of return of approximately 6.46% to make the annual payments.
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the returns on the common stock of highlander inc. are cyclical. in a booming economy, the stock is expected to return 23% in comparison to 14% in a normal economy and 2% in a recessionary period. the probability of a recession is 12% while the probability of a boom is 22%. what is the standard deviation of the returns on this stock?
The standard deviation of the returns on this stock is 9.41%.
The standard deviation of the returns on the stock of Highlander Inc. can be calculated as follows:
σ = √[(2% - 14%)² x 0.12 + (14% - 23%)² x 0.22 + (23% - 14%)² x 0.66]
We can write percentage as
σ = √[(2/100 - 14/100)² x 0.12 + (14/100 - 23/100)² x 0.22 + (23/100 - 14/100)² x 0.66]
σ = √[(0.02 - 0.14)² x 0.12 + (0.14 - 0.23)² x 0.22 + (0.23 - 0.14)² x 0.66]
σ = √[(-0.12)² x 0.12 + (-0.09)² x 0.22 + (0.09)² x 0.66]
σ = √[0.0144 x 0.12 + 0.0081 x 0.22 + 0.0081 x 0.66]
σ = √[0.001728 + 0.001782 + 0.005346]
σ = √(0.008856)
σ = 0.0941
σ = 9.41%
So, the standard deviation of the returns on this stock is 9.41%.
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which of the statements below summarizes what the acid-test ratio measures? multiple choice question. the acid-test ratio measures the profitability of a company. the acid-test ratio measures the marketability of a company's merchandise. the acid-test ratio measures the efficiency of capital spending. the acid-test ratio measures a merchandiser's ability to pay its current liabilities.
The statement that summarizes what the acid-test ratio measures is: "The acid-test ratio measures a merchandiser's ability to pay its current liabilities."
What is acid test ratio ?The fast ratio, commonly referred to as the acid-test ratio, gauges a company's capacity to settle its current debts with its current assets minus inventories. The acid-test ratio offers a more conservative measure of liquidity than other ratios that take inventory into consideration by concentrating primarily on the company's most liquid assets (such as cash, marketable securities, and accounts receivable). The corporation is better able to fulfil its short-term obligations if the acid-test ratio is higher.To know more about acid test ratio , check out :
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an open-end fund has a net asset value of $15.90 per share. it is sold with a front-end load of 5%. what is the offering price? (round your answer to 2 decimal places.)
To find the offering price of the fund, we need to add the front-end load to the net asset value per share. The offering price of the fund is $16.74 per share.
The front-end load is a one-time fee charged at the time of purchase, typically as a percentage of the investment amount. In this case, the front-end load is 5%, which means that for every $100 invested, $5 will be deducted as a fee and only $95 will be invested in the fund.
To calculate the offering price, we can use the following formula:
Offering price = Net asset value / (1 - Front-end load)
Substituting the given values, we get:
Offering price = $15.90 / (1 - 0.05)
Offering price = $15.90 / 0.95
Offering price = $16.74 (rounded to 2 decimal places)
Therefore, the offering price of the fund is $16.74 per share.
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