Calculating a company's entire production expenses during a given time period results in the cost of items manufactured. Additionally, it includes all costs associated with producing items, storing them, and for sale.
The total cost of the items when they have completed the entire manufacturing process and are prepared for sale is the cost of goods manufactured. Direct materials and direct labor, the two main components of manufacturing costs, are fully taken into account.
Using the cost of products manufactured formula, we will solve the cost of the ff.
COGM = DM + DL + MOH + WIP(B) − WIP(E)
Where:
DM = Direct Materials Used
DL = Direct Labor
MOH = Manufacturing Overhead
WIP (B) = Work In Progress Beginning
WIP (E) = Work In Progress Ending
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COMPLETE QUESTION:
Consider the following partially completed schedules of cost of goods manufactured. Compute the missing amounts.
Flynt Corp Laura's Bakery Rustic Gear
Beginning Work-in-Process Inventory $(a) $40,200 $2,100
Direct Materials Used 14,000 35,300 (g)
Direct Labor 10,300 20,100 1,400
Manufacturing Overhead (b) 10,800 300
Total Manufacturing Costs Incurred during the Year 45,100 (d) (h)
Total Manufacturing Costs to Account For 56,000 (e) 7,300
Ending Work-in-Process Inventory (c) (25,800) (2,700)
Cost of Goods Manufactured $51,600 $(f) $(i)
assets that increase the benefits of land, have a limited useful life, such as parking lots and lighting systems, are called: multiple choice question. land land additions land structures land improvements
Assets that increase the benefits of land, have a limited useful life, such as parking lots and lighting systems, are called land improvements.
Land improvements, such as pathways and fences, are assets that increase the advantages of land, have a finite useful life, and are depreciated. Keep in mind that certain land improvements are liable for depreciation.
Improvements to the land are additions with a finite useful life. Examples include driveways, walkways, fences, and lighting fixtures.
For this reason, land improvements are viewed as a totally separate asset than land. The cost of improving land is not included to the land's initial purchase price.
Instead, it is handled as if it were a whole other asset purchase, and it is depreciated over the course of its useful life exactly like other fixed assets.
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at the end of year 1, lane co. held trading debt securities that cost $86,000 and which had a year-end market value of $92,000. during year 2, all of these securities were sold for $104,500. at the end of year 2, lane had acquired additional trading debt securities that cost $73,000 and which had a year-end market value of $71,000. what is the impact of these stock activities on lane's year 2 income statement?
Sale of debt securities held. The profit of $12500 is recognized as income in the financial statements. The Acquisition of Additional trading securities does not affect the income statement it is a balance sheet transaction
What is the income statement?debt securities were sold for $104500. The debt securities had a cost of 86000 and a Fair value of $92000. since the value of the Debt securities would have been Recognized at their Fair Value of $ 92000 in the Balance sheet, the Profit on Sale (Income) of debt securities in year 2 will be104500 - 92000 = 12500.A profit on sale (income) of 12500 would be Recognized in the income statement for year 2.The Acquisition of additional Trading securities at a cost of $73000 will not affect the income statement because acquisition of an asset is not an expense. the acquisition of additional trading securities will only affect the Balance SheetTo learn more about income statement refers to:
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which plan allows members to choose their own medical care providers, and care from a participating provider or facility resulting in increased benefits?
PPO plan allows members to choose their own medical care providers, and care from a participating provider or facility resulting in increased benefits.
In the context of U.S. health insurance, a preferred provider organisation (PPO), also known as a participating provider organisation or preferred provider option, is a managed care organisation made up of physicians, hospitals, and other healthcare professionals who have contracted with an insurer or a third-party administrator to provide medical services to the insurer's or administrator's clients at a discounted rate. A subscription-based medical care arrangement is a preferred provider organisation. The selected experts connected with the organisation are able to offer a significant discount off of their standard prices to members. Instead of the typical insurance where premiums and accompanying payments are either fully or partially paid by the insurance provider to the medical provider, preferred provider organisations make money by charging an access fee to the insurance company for the usage of their network.
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the chartered global management accountant (cgma) designation can be earned by accountants. what areas of advanced knowledge are tested on the cgma exam?
Finance, Operations ,Strategy and Management are the areas of advanced knowledge are tested on the CGMA exam.
What kind of accountant is CGMA?Certified in Global Management Accounting (CGMA) Professionals that excel in finance, operations, strategy, and management are given the CGMA title. To retain the maximum relevance with companies and build the most in-demand competencies, it is supported by thorough global research.
CGMA vs. CMA: Which is superior?The CMA exam includes a considerably greater variety of management accounting topics than the CGMA exam. In other words, if your ultimate aim is to gain management accounting knowledge and skills to increase your impact at work, the CMA accreditation is the way to go.
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Assume the marginal propensity to consume is 0.8 and potential output is $800 billion. If actual real GDP is $700 billion, which of the following policies would bring the economy to potential output? O Increase taxes by $100 billion. O Decrease taxes by $100 billion. Decrease government transfers by $25 billion. ✓ Decrease taxes by $25 billion. Score: 1 of 1
Increasing taxes by $100 billion would bring the economy to its potential output.
How do you calculate the impact of a $25 billion decrease in taxes on GDP?To calculate the impact of a $25 billion decrease in taxes on GDP, we can use the following formula:
GDP = C + I + G + NX
C represents consumption, I represents investment, G represents government spending, and NX represents net exports.
Assume that C = 0.8(disposable income)
The disposable income will increase by $25 billion as a result of the decrease in taxes. Therefore, the increase in consumption is:
C = 0.8 * $25 billion = $20 billion
The increase in GDP from the increase in consumption is:
GDP = $700 billion + $20 billion = $720 billion
Therefore, a decrease in taxes by $25 billion will result in an increase in GDP to $720 billion, which will bring the economy to its potential output.
What is economy?An economy is a complicated system that comprises interrelated activities of production, consumption, and exchange that ultimately determine how resources are distributed among the different participants. The combination of production, consumption, and distribution of goods and services fulfills the needs of individuals and businesses within the economy. An economy can refer to a nation, a region, a single industry, or even a family.
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the abc corporation sells a vacant lot it has owned for a few years. there is no physical property to depreciate and no improvements have been made to the property. the property sold for $130,000 and it was originally purchased for $90,000. what is the amount of capital gains tax due from the sale if the company is in the 39% tax bracket
The amount of capital gains tax due from the sale if the company is in the 39% tax bracket is 24,400.
What is Tax?A certain amount that is collected by the government of any country from its citizens is later on used in the development process of the country and is called a tax. This tax is based on the income of an individual vary person to person.
The calculation for Capital gain is
cost price = 90,000
Selling price = 130,000
Profit = 130, 000 - 90, 000
Profit= 40, 000
Tax paid = 39% of profit
Total capital gain = Profit - Tax
=40,000-15600
= 24,400.
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a new accenture client is looking for a platform that will help them in hiring for critical roles and decreasing attrition. which accenture tool will help the client select the best type of platform for overcoming these challenges?
The Accenture tool that suggests a platform that will help the client overcome these challenges is the Accenture Talent Management Platform.
Which Accenture tool will help the client?myConcerto brings together the best thought leadership, innovation and industry expertise from across Accenture, into a single, proprietary platform that simplifies and accelerates technology-led business transformation.Hence, Accenture MyConcerto Platform Enterprise is the best technology which a client can use to monitor the ongoing performance of the platformmyConcerto powers finance, supply chain, industry transformation and more with new SAP solutions and technologies through a harmonious ensemble that combines the best of Accenture and SAP to amplify business outcomes for the intelligent enterprise.myConcerto is a data-driven, digitally-integrated platform that leverages emerging technologies to automate and deliver an insight-rich business case and roadmap tailored to each companyTo learn more about Accenture tool refers to:
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your team has created a new feature for your product that required a rework how several components interact. during a daily stand-up just prior to launch, your qa team express concerns that due to the extent of the changes that the new feature may introduce several bugs into other key features of your product. you are on a tight release window, and customers are expecting the new feature with the next release. what should you do?
In the given case- Put a formal process in place to ensure story points are not duplicated.
Customers are critical to a company's success because they generate revenue; without them, the company would have to close its doors.Seven traits of today's consumerIt's all about the customers. Because they bring in money, customers are important. Organizations would cease to exist without them.Customers expect personal interactions, are ALWAYS connected, and don't have the patience to wait for the goods they want.Over brands, consumers trust influencers.The environment is important to consumers.The opinions of consumers differ greatly.To know more about customers here
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TRUE/FALSE. You do not need to see proof of cash donations made by a taxpayer if you feel that the information is not unusual or questionable.
This statement is False. Even if the information provided is not unusual or questionable, proof of monetary donations must still be seen. The Internal Revenue Service (IRS) requires taxpayers to provide documentation for all monetary donations to ensure accuracy.
According to the IRS, cash donations must be accompanied by a written record, such as a canceled check, bank or credit union statement, or written communication from a charitable organization. In addition, all cash donations must be made on or before the tax return due date. If a taxpayer is unable to document a cash donation, they may be subject to penalties and/or interest.
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Which of the following is NOT one of the influences on perceptual accuracy addressed in your textbook? Select one:
a. a. cultural background
b. b. social roles
c. c. co-cultural identity
d. d. genetic background
Genetic background is NOT one of the influences on perceptual accuracy addressed in your textbook
What genetic background in textbooks?The genotype of all other related genes is referred to as the "genetic backdrop" (in which each gene acts), and it can potentially affect a particular phenotype by interacting with the gene of interest. The term "legacy" refers to the genetic heritage that our parents gave to us. We resemble them because of this. It is more specifically the passing on of qualities from one generation to the following. These characteristics can be behavioural or physical, such as blood type, sickness, or eye colour.Perceptual accuracy was calculated as the difference between the executive's estimate and the objective probability, which was roughly 100%. Executive predictions are more accurate when they are higher in probability.To learn more about Perceptual accuracy refer to:
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Accounting Term Definition 12. Monetary unit assumption b. 13. Economic entity assumption 14. Going concern assumption g. 15. IASB
12.Monetary unit assumption, assumes that items on the financial statements are recorded in a monetary unit 13.Economic entity assumption, requires an organization to be a separate economic unit 14.Going concern assumption, assumes that an entity will remain in operation for the foreseeable future 15.IASB, creates International Financial Reporting Standards
According to the monetary unit assumption, a business should only enter quantifiable financial transactions into its accounting accounts. It makes the case that a deal or corporate activity shouldn't be documented in financial records if it cannot be quantified in a floating economy like the dollar. The monetary unit concept is an accounting tenet that implies monetary units may be used to measure and communicate business transactions or occurrences and that they are reliable and stable. In other words, money is the international language of business and finance. Whatever currency it is, as long as it is secure and can be compared to other currencies, is OK.
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egon purchased a house that cost $. he only invested $ and financed the rest. later, he sold the house for . ignoring financing costs, what was his return
After selling his home, the offered question suggested that the rate of recovery was 80%.
How do I invest $10,000?10K can be invested in stocks and shares ISAs, ETFs, communal and index funds, or individual equities. A robo-advisor could also be used to invest in equities. How can I invest $10,000 for the coming years?
How should one buy in Bitcoin?Bitcoin may be purchased from other owners, marketplaces, and stockbrokers. Wherever you obtain it, think about the dangers of putting money into digital assets.
Rate of Return = (Selling Price - Invested Amount - Borrowed Amount)/Invested Amount
Rate of Return = (290,000 - 50,000 - 200,000)50,000
Rate of Return = 80%
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you are not getting the results required from the plastic mold used to make one of the deliverables needed for your project. you have requested audit team to investigate the thermoforming process. they decide to look at how the temperature affects the pliability of the plastic. what should they do?
The audit team should review the temperature settings for the thermoforming process and determine if they are within the optimal range for the plastic being used.
What is thermoforming process?Thermoforming is a manufacturing process used to form thermoplastic materials into a desired shape. The process involves heating a thermoplastic sheet to a temperature at which it becomes pliable and then using a mold or vacuum to shape the material into a desired form. The process can be used to create a wide range of products, from medical device components to packaging materials.The thermoforming process begins with the selection of a thermoplastic sheet that meets the desired requirements of the product. The sheet is then loaded onto a thermoforming machine and heated to a temperature at which it becomes pliable.
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First Aid Expenses under the Homeowners Policy would cover
First aid costs under homeowner policy include: First Aid Coverage applies to providing first aid to another person caused by a covered bodily injury, but does not pay for the insured's first aid.
Under Section II of standard homeowners insurance, the insurer covers liability to third parties for certain bodily injury or property damage. Simply put, if someone is suing you or threatens to sue you, your insurance company will reimburse you for the damages you paid the third-party plaintiff or legal fees to defend. You can.This blog takes a closer look at the personal liability section of the Homeowner Policy.
Section II of a typical homeowner's policy states that an insurance company may have to pay a third party for certain "personal injury" or "property damage" resulting from an "event." It contains a clause where you agree to defend and indemnify you for certain damages.
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in the integrative framework for the implementation of task redesign, the step that follows selection of task redesign is a. diagnosis of the work system and context. b. go/no-go decision. c. none of these are correct. d. recognition of a need for a change. e. cost-benefit analysis of proposed changes.
in the integrative framework for the implementation of task redesign, the step that follows selection of task redesign is a. diagnosis of the work system and context.
Creating a system, object, activity, or process requires a plan or specification. A redesign is the result of that plan or specification in the shape of a prototype, final product, or method. The verb design conveys the action of producing a design. It may also be conceivable in some cases to define the direct construction of an object without a clear preceding plan as a design activity (such as in some types of engineering, coding, and graphic design). The design usually needs to adhere to a set of goals and constraints, as well as any potential aesthetic, functional, economic, and socio-political elements, and it is expected to interact with a particular setting. Examples of often employed designs include
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between his ability to negotiate and his background in construction, erin doesn't want to be tied down to any one agent while he looks for a home to buy. in fact, he might just do the whole thing on his own. what type of buyer agency agreement would erin most likely enter into?
Correct answer is An open buyer-agency agreement.
An open consumer enterprise agreement in reality potential the accountability of selling your property is allotted throughout more than one agents. When the property sells, fee is only paid to the agent who added in the buyer.
What are the features of an open buyers company agreement?This is a nonexclusive company contract between a client and a dealer and only the broker who virtually locates the property that the client sooner or later purchases is entitled to the commission.
What is an instance of an employer agreement?When a manager offers a worker permission to entire a specific undertaking while they are employed, that is an instance of an employer agreement in action. Here, a contract outlining the quite a number obligations of the agent may also be drafted.
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https://brainly.com/question/28233870#SPJ4Paid form of non-personal promotion of ideas, goods and services by an identified sponsor is called:AdvertisingSales PromotionPersonal SellingNone of the above
Paid form of non-personal promotion of ideas, goods and services by an identified sponsor is called a)Advertising.
Advertising refers to the methods used to draw attention to a good or service. In order to attract consumers' attention, advertising seeks to highlight a good or service.
It is often used to market a particular product or service, although there are many other applications as well, with commercial advertising being the most popular.
Through "branding," which links a product name or image with particular traits in consumers' minds, commercial advertising frequently aim to boost consumption of their goods or services.
Direct-response advertising, on the other hand, is the term used to describe advertisements that aim to prompt a quick sale. Political parties, interest groups, religious institutions, and governmental bodies are examples of non-commercial organizations that promote goods and services more than consumer goods.
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Marketing channels are made up of various entities that form relationships with one another. The basic motivating factor in these interactions is
The basic motivation factor in marketing channels is profit maximization by increasing the efficiency of distribution of products and services. This is usually done through a number of entities such as suppliers, manufacturers, wholesalers, retailers and customers.
These entities work together to create an efficient and effective channel by creating mutual relationships. They pool their resources, knowledge and skills to help each other achieve their goals. Suppliers provide the raw materials or products needed to create the product, manufacturers create the product, wholesalers distribute the product, retailers sell the product to consumers, and customers use the product. This relationship is win-win and creates an efficient and effective marketing channel.
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at the beginning of year 2, a company invested $40,000 in a marketable equity security. at that time the security was appropriately classified security with readily determinable market value. at the end of year 2, the security had a fair value of $28,500. the change in fair value is deemed temporary. how should this change in fair value be reported in the financial statements?
To determine the fair value change throughout the course of the period, deduct the beginning fair market value from the fair value at the end of the period.
What is a change in fair value?To determine the fair value change throughout the course of the period, deduct the beginning fair market value from the fair value at the end of the period.An unrealized gain or loss is represented as a positive number, while the opposite is true for a negative number. Through unrealized gains or losses, changes in fair value have an impact on the balance sheet's other comprehensive income (OCI). Securities held for trading are ones that will be disposed of quickly (less than a year).A change in fair value affects the net income.
Date Account title and explanation Debit Credit
March 1 Equity investment $32,000
($612,000/17%)*8% - $256,000)
Unrealized holding gain $32,000
(To adjust the value of equity investment)
Note: On 1 march, value of the investment value is increased which is unrealized based on 31 December fair value
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Ann is an external salesperson who frequently drives to see her customers. When she does, she often uses the GPS app installed on her smartphone. The problem is that a icon will appear on the phone stating that "additional information is required to log in".
The correct response is a. The smartphone is picking up weak cellular signals.
A smartphone is a cell phone with a built-in computer and functions including an operating system, web browsing, and the capacity to run software programs that were not previously found in phones. With the release of Apple's first iPhone in 2007, which revolutionized the smartphone industry, The phrase "smartphone" was first written as two words, "smart phone." Nowadays, smartphones are accurately pronounced as a single word. Phone calls, texts, social media checks, gaming, and app use are the most common smartphone activities. Additionally, they are utilized for internet shopping, bill payment, checking bank accounts, emailing, and budget management.
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Ann is an external salesperson who frequently drives to see her customers. When she does, she often uses the GPS app installed on her smartphone. The problem is that a icon will appear on the phone stating that "additional information is required to log in".
What is happening on the smartphone to cause this to happen?
a. The smartphone is picking up weak cellular signals
b. An unintended Wi-Fi connection has been initiated
c. An unintended Bluetooth connections has been initiated
d. The phone is picking up cellular data roaming notifications
identify the true and false statements about the experimental element known as the control condition?
They are critical-thinking exercises in which researchers think through how they would test particular hypotheses before testing them or instead of testing them.
A hypothesis is an explanation given for a phenomenon. The scientific method requires a hypothesis to be testable in order for it to be considered a scientific hypothesis. Scientists often make scientific assumptions about past data that existing scientific ideas cannot adequately explain.
A scientific hypothesis is not the same as a scientific theory, although the terms "hypothesis" and "theory" are often used interchangeably. A working hypothesis is a hypothesis that has been provisionally accepted and is subject to further investigation in a process that begins with an educated guess or concept.
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why did the government act quickly to end union-led strikes? responses workers were duty bound to report for work. workers were duty bound to report for work. the government was run by former big business bosses. the government was run by former big business bosses. there was a belief that strikes were related to anarchy and socialism. there was a belief that strikes were related to anarchy and socialism. there was an implied contractual obligation that was undermined by a strike.
The government act quickly to end the union-led strikes as government was run by the former big business bosses.
What is a government?Given how deeply ingrained government is in our culture and how prevalent it is in our daily lives, most individuals struggle to give a precise definition of it. But a definition of government is a necessary first step in any inquiry into the American political system. A government is the governing structure of a state or community. Although there is governance in every organization, the term "government" is commonly used to refer more specifically to the 200 or so sovereign national governments that exist on Earth, as well as the institutions that make up these governments, such as state, provincial, and local governments. Although the founding of the earliest governments is recorded in history, it is unknown when the phenomenon of human government initially emerged.
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toddler received $9,900 of initial payments on september 1, year 1, and $3,240 of monthly fees during the period september 1 through december 31, year 1. in its december 31, year 1 balance sheet, what amount should toddler report as deferred revenues?
The amount that toddler should report as deferred revenues is $9,900.
What is a deferred revenue?Advance payments a business receives for goods or services that will be provided or carried out in the future are referred to as deferred revenue, also known as unearned income. The corporation that receives the prepayment adds the sum to its balance sheet as a liability known as deferred revenue. Because it shows money that hasn't been generated and represents goods or services that are owing to a client, deferred revenue is a liability. It is proportionally recorded as revenue on the income statement as the good or service is supplied over time. A corporation that gets an advance payment records deferred revenue as a liability on its balance sheet. This is so that it can fulfill its duty to the consumer for the goods or services that are owed.
Amount= ($500 × 15) + ($200 x 12) = $9,900
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lucy is creating a new display campaign with the goal of building awareness. which two targeting options might be suitable for her to use? (choose two.)
(D) Affinity audiences and (E) Demographic targeting are the targeting options Lucy should use in the given situation.
What are Demographic targeting and affinity audiences?You can target a certain group of potential consumers who are most likely to fall within a certain age range, gender, parental status, or family income using demographic targeting.
A collection of potential clients with similar interests or characteristics is known as an affinity audience (similar to a buyer persona). Your brand can more effectively target customers who are interested in what you have to offer by using affinity audiences.
So, in the given situation Lucy should choose the following targeting options:
1. Affinity audiences.
2. Demographic targeting.
Therefore, (D) Affinity audiences and (E) Demographic targeting are the targeting options Lucy should use in the given situation.
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Complete question:
Lucy is creating a new display campaign with the goal of building awareness. which two targeting options might be suitable for her to use? (choose two.)
a. Custom Intent audiences
b. In-Market audiences
c. Standard remarketing
d. Affinity audiences
e. Demographic targeting
in a single year, germany can raise 100 tons of wheat or produce 1,000 boxes of daisies. in the same growing season, france can raise 50 tons of wheat or produce 750 boxes of daisies. when the two countries begin trading wheat for daisies, the total surplus from wheat consumption and production can be expected to:
According to the question, 1 ton of wheat costs 5 boxes of daisies. Thus, the correct option is (C).
The use of products and services by households is referred to as consumption in economics. Consumption is separate from consumption spending, which is the purchase of household goods and services.
The process of developing or making things that can be sold in a market is known as production. Food, clothing, and automobiles are all examples of things that must be manufactured before they can be sold to consumers. Consumption is the act of purchasing and utilizing a thing.
Here,
The opportunity cost for Producing 1 ton of wheat= Daisies/Wheat
For Germany:
Opportunity cost= 1000/100= 10 boxes of daisies
For France,
Opportunity cost= 750/50= 15 box of daisies
Calculate the gain from trade as follows:
Gain from trade= 15-10= 5 boxes of daisies.
Therefore, the correct option is "C".
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This is an incomplete question, the complete question is:
In a single year, Germany can raise 100 tons of wheat or produce 1,000 boxes of daisies. In the same growing season, France can raise 50 tons of wheat or produce 750 boxes of daisies. When the two countries begin trading wheat for daisies, the total surplus from wheat consumption and production can be expected if 1 ton of wheat costs _________ boxes of daisies.
A. 8
B. 12
C. 5
D. 20
All else equal, if there are diminishing returns and constant returns to scale, then what happens to productivity if capital and labor both increase but capital increases by more
If, all else being equal, labor and capital have declining returns, what happens to productivity if both capital and labor rise by the same amount then the a. Productivity will undoubtedly decline.
It is critical in company to achieve a level of optimal output. This guarantees that all production parameters are exploited to their full potential. Making changes to production components, or inputs, has diverse consequences and may be studied in a variety of ways. Diminishing marginal returns are a result of increased input after an optimal capacity has been attained. At the same time, at least one production variable, such as labor or capital, is held constant. According to the legislation, this increase in input will result in a lower rise in output. Returns to scale quantify the change in productivity caused by increasing all production inputs over time.
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in making the decision to buy the model 220 machine rather than the model 370 machine, the differential cost was:
The differential cost between the model 220 and model 370 machines was $73000, which was considered while choosing which machine to purchase.
What is differential cost?Differential cost refers to the difference between the cost of two alternative decisions. The cost occurs when a business faces several similar options, and a choice must be made by picking one option and dropping the other.
calculate differential costing using the following formula: Differential cost = Total cost of alternative 1 - Total cost of alternative 2. Start by calculating the overall costs of each alternative. Next, find the difference in revenue between the two options.
As part of their role, managers often choose the best option from the various available alternatives. Differential analysis is a quantitative decision-making technique that examines the costs and benefits of two options and compares the net results to help professionals make the right choice in scenarios with multiple options. Understanding differential analysis can help managers make informed decisions that yield the highest revenue or result in the least loss. In this article, we discuss the definition of differential cost, explore a few associated terms, explain it with a few examples and understand its significance in business decisions.
Differential cost to buy the model 220 machine rather than the model 370 machine
= Cost of new model 370 machine - Cost of new model 220 machine
= $536,000 - $463,000
= $73,000
Thus, the correct option is A. $73000
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The complete question is :
Management of Plascencia Corporation is considering whether to purchase a new model 370 machine costing $536,000 or a new model 220 machine costing $463,000 to replace a machine that was purchased 9 years ago for $484,000. The old machine was used to make product I43L until it broke down last week. Unfortunately, the old machine cannot be repaired.
Management has decided to buy the new model 220 machine. It has less capacity than the new model 370 machine, but its capacity is sufficient to continue making product I43L.
Management also considered, but rejected, the alternative of simply dropping product I43L. If that were done, instead of investing $463,000 in the new machine, the money could be invested in a project that would return a total of $488,000.
In making the decision to buy the model 220 machine rather than the model 370 machine, the differential cost was:
A) $73,000
B) $21,000
C) $52,000
D) $4,000
question 1 of 37 juan delgado is an employee in your sales department and li park is an outside consultant. if you share a dashboard with both of them, will there be any difference in their power bi experience?
Users of Power BI may easily construct attractive interactive dashboards thanks to the variety of reporting capabilities that are provided.
For consulting, do you still need a master's degree?The minimal prerequisite for working as a business consultant is frequently an undergraduate course in management consulting, marketing, mathematics, engineering, or a related field. Most prestigious business consulting businesses demand a phd.
How can I begin my career as a consultant?For entry-level job, the majority of industries require a bachelor's degree. Most consultants are graduates of business administration, finance, or economics programs. But among business consultants, degrees in marketing, computer science, and psychology are also prevalent.
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Which family business decision-making process will be most affected by bounded rationality?a. Collaborativeb. Independentc. Autocraticd. Consensuse. Democratic
Autocratic decision-making process will be most affected by bounded rationality.
Consensus decisions within a family business system require agreement not only on what the problem is and how to solve it, but ultimately on a shared vision for the family's mission and company's future.
Bounded rationality describes how people make decisions that deviate from perfect economic rationality because our rationality is limited by our ability to think, the information available, and time. Instead of making the "best" choice, we often make the choice that makes us happy.
Autocratic decision making means that the leader retains control and responsibility for the decisions. As co-leader, make and announce decisions without consulting the group. Pros: Autocratic decision-making is quick.
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what type of marketing promotion unfolds as inside consumer-to-consumer communication exchanges about brands occur inside internet-mediated settings? texting, for example, occurs inside internet-mediated settings
Through channels like mail, catalogs, the Internet, e-mail, telephone, and direct-response advertising, direct marketing entails distributing individualized and frequently interactive promotional materials to specific consumers.
What is direct marketing?Any type of marketing that engages consumers directly, as opposed to indirectly through a third party, such as the media, is referred to as direct marketing. Among other distribution channels, campaigns can be sent by texting, social media, email, and the postal service. Direct marketing is so-called because it frequently eliminates the intermediaries, such as the advertising medium. The direct marketing message that is delivered to the largest number of people will surely be the least successful. In other words, while simply annoying the other recipients, the company might get a few new customers. The most effective direct marketing campaigns use focused prospect lists to communicate with only the most likely customers.
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