Answer:
$411,075
Explanation:
Calculation for the total amount of product costs incurred to make 20,250 units
First step is to calculate Variable manufacturing cost per unit
Direct materials 7.70
Direct labor Variable 4.70
Variable manufacturing overhead 2.20
Variable manufacturing cost per unit $14.6
Second step is to calculate Total variable manufacturing cost
Variable manufacturing cost per unit$14.6
*Number of units produced 20,250 units
=Total variable manufacturing cost $295,650
($14.6*20,250)
Second step is to calculate Total fixed manufacturing cost
Fixed manufacturing overhead per unit $5.70
xNumber of units used to calculate fixed cost per unit 20,250 units
=Total fixed manufacturing cost $115,425
($5.70*20,250)
Now let calculate Total product cost
Total product cost = $295,650+$115,425
Total product cost=$411,075
Therefore the total amount of product costs incurred to make 20,250 units is $411,075
A company is determining which of two suppliers, Supplier A or Supplier B, should be used to source a component part. The company has developed the weights to evaluate the suppliers. The purchasing manager for the company has assigned the raw scores to the two suppliers.
Factors Weight
Technical 0.15
Managment 0.15
Quality 0.20
Delivery 0.25
Price 0.25
The purchasing manager for the company has assigned the following raw scores to the two suppliers:
Factors Supplier A Raw Score Supplier B Raw Score
Technical 80 95
Management 90 85
Quality 70 80
Delivery 85 90
Price 95 85
Use a weighted-factor analysis to identify the supplier that the company should use to source the component part.
Answer:
The Total Weight Score of Supplier B > The Total Weight Score of Supplier A
Explanation:
So, in this question we are asked to use the weighted-factor analysis to decide the supplier. Hence, it is a decision making method using weights which are given.
Supplier A Calculations:
First of all, we need to calculate the weight score for each factor.
And the formula to calculate the weight score is = Raw score multiply by weight.
For Technical Factor:
Weight score = 0.15 x 80
Weight score = 12
Similarly,
For Management Factor:
Weight score = 0.15 x 90
Weight score = 13.5
For Quality Factor:
Weight score = 0.20 x 70
Weight score = 14
For Delivery Factor:
Weight score = 0.25 x 85
Weight score = 21.25
For Price Factor:
Weight score = 0.25 x 95
Weight score = 23.75
Similarly, we have to calculate the weight for Supplier B for each factor as well.
Supplier B calculations:
For Technical Factor:
Weight score = 0.15 x 95
Weight score = 14.25
For Management Factor:
Weight score = 0.15 x 85
Weight score = 12.75
For Quality Factor:
Weight score = 0.20 x 80
Weight score = 16
For Delivery Factor:
Weight score = 0.25 x 90
Weight score = 22.5
For Price Factor:
Weight score = 0.25 x 85
Weight score = 21.25
Now, we have to calculate the real weight of suppliers by adding together the individual weight scores of each supplier and then compare between them to decide, which one to choose.
For Supplier A:
Total Weight Score = 12 + 13.5 +14 + 21.25 + 23.75
Total Weight Score = 84.5
Similarly,
For Supplier B:
Total Weight Score = 14.25 + 12.75 + 16 + 22.5 + 21.25
Total Weight Score = 86.75
Conclusion:
The Total Weight Score of Supplier B > The Total Weight Score of Supplier A
Hence, Supplier B should be selected.
What area(s) of the general external business environment do you believe changed in order to provide an opportunity for a company like AirBnB to form. Is there a changing area of the general environment that you believe will be a threat to their business model in the future
Answer:
1. The areas of the general external business environment that changed in order to provide an opportunity for a company like AirBnB to form are:
Economic, Demographic, Social, and Technological areas.
2. There is a changing area of the general environment that will be a threat to the AirBnB business model in the future. This area is the competitive environment, gingered by economic, political and legal, socio-cultural and demographic, and technological changes.
Explanation:
According to available data, Airbnb’s business model operates as an online marketplace, which provides people the opportunity to rent out their available properties or spare rooms to guests through the firm, Airbnb. Airbnb receives some commissions from both hosts and guests. Like every business entity, Airbnb must, at one time or the other, capitalize on and face threats from its external environments, including Political and Legal, Economic, Socio-Cultural and Demographic, and Technological environments.
We try to determine if we can use educational background, interests, and gender to see if an individual's annual income differs in terms of their educational background, which test should we use
Answer:
Multiple regression
Explanation:
With regards to the above, multiple regression can be used to determine one educational background, interest and gender so as to see if there is a variation in terms of individual's annual income as it relates to their educational background.
Multiple regression basically is a mathematical model, which is used when one value is matched with two or more variables. Here, the value is a stand alone, which is why we study, while the variables are dependent; hence are factors that required to be checked and why the whole analysis is being conducted.
In the above scenario, the value being represented is 'annual income' which is independent, while educational background, interest and gender are variables which are independent.
Derek has the opportunity to buy a money machine today. The money machine will pay Derek $17,852.00 exactly 3.00 years from today. Assuming that Derek believes the appropriate discount rate is 9.00%, how much is he willing to pay for this money machine?
Answer:
$13,785
Explanation:
The computation of the amount to be paid for the money machine is shown below:
As we know that
Present value = Future value ÷ (1 + rate of interest)^number of years
= $17,852 ÷ (1 + 0.09)^3
= $17,852 ÷ 1.09^3
= $13,785
NEED HELP ASP!! Will give Brainly
Select the correct answer from each drop-down menu.
Choose the correct business product from the options provided.
Johanna is looking to set up a new drilling company. First, she would need
_such as offices and heavy machinery.
Since she is starting from scratch she will need other things as well. The company will require_
such as industrial glue
and oils to run the machinery smoothly. Since the venture Is new, she will need lots of help. The company will have to employ a legal
team and a marketing team as part of the_
that the company will require.
1st drop down: core items, capital items, component parts.
2nd drop down: process materials, supplies, raw materials.
3rd drop down: equipment for production, specialty products, business devices.
Answer:
Capital items; process materials; business devices.
Explanation:
Business strategy sets the overall direction for the business as it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan.
The information technology (IT) strategy is an integral part of the business strategy because it presents the technological or technical framework and infrastructure required to achieve a successful business plan, objectives, mission and goals.
In this scenario, Johanna is looking to set up a new drilling company. First, she would need capital items such as offices and heavy machinery.
Since she is starting from scratch she will need other things as well. The company will require process materials such as industrial glue and oils to run the machinery smoothly. Since the venture is new, she will need lots of help. The company will have to employ a legal team and a marketing team as part of the business devices that the company will require.
Andy Roddick is the new owner of Novak Computer Services. At the end of August 2020, his first month of ownership, Roddick is trying to prepare monthly financial statements. Below is some information related to unrecorded expenses that the business incurred during August.
1. At August 31, Roddick owed his employees $1,900 in wages that will be paid on September 1. $1,900
2. At the end of the month he had not yet received the month's utility bill. Based on past experience, he estimated the bill would be approximately: $600
3. On August 1, Roddick borrowed $30,000 from a local bank on a 15 -year mortgage. The annual interest rate is 8%
4. A telephone bill in the amount of $117 covering August charges is unpaid at August 31.
Required:
Prepare the adjusting journal entries as of August 31, 2014, suggested by the information above.
Answer:
Novak Computer Services
Adjusting Journal Entries on August 31, 2014:
1. Debit Wages Expense $1,900
Credit Wages Payable $1,900
To accrue unpaid wages for the month.
2. Debit Utilities Expense $600
Credit Utilities Payable $600
To accrue unpaid utilities for the month.
3. Debit Interest Expense $200
Credit Interest Payable $200
To accrue unpaid interest for the month.
4. Debit Telephone Expense $117
Credit Telephone Payable $117
To accrue unpaid telephone bill for the month.
Explanation:
The above adjusting journal entries are made to Novak's journal at the end of August, 2014. Adjusting entries ensure that income and expenses are allocated to the actual month in which the income or expense was incurred, whether cash exchanged hands or not. Adjusting entries are required in line with the accrual concept and the matching principle of the generally accepted accounting principles.
An important CMI Change manager competency includes personal responsibility, prioritization and time management, resilience, flexibility, and emotional intelligence. This competency is best described as:
Answer:
Self-management
Explanation:
Self-management is the capability for giving priority to the goals, decisions to be made and also finished the important actions.
Here in the question the competency of the change manager involves its own responsibility, pritorization, time management, etc
So this represent the self management
hence, the same is relevant
2. You have a loan outstanding. It requires making three annual payments of $1000 each at the end of the next three years. Your bank has offered to allow you to skip making the next two payments in lieu of making one large payment at the end of the loan’s term in three years. If the interest rate on the loan is 5%, what final payment will the bank re
Answer:
$1,157.63
Explanation:
We must determine the future value of your loan. I'm assuming that the bank charges compound interest.
future value = present value x (1 + interest rate)ⁿ
present value = $1,000interest rate = 5%n = time = 3 yearsfuture value = $1,000 x (1 + 5%)³ = $1,000 x 1.157625 = $1,157.625 ≈ $1,157.63
Caribbean Reef Software has 8.4 percent coupon bonds on the market with 9 years to maturity. The bonds make semiannual payments and currently sell for 95.5 percent of par. What is the YTM
Answer:
9.14%
Explanation:
Calculation for YTM
First step is to use financial calculator to find the I which represent Interest rate
FV = 1,000
PMT= 1,000*8.4%/2= 42
N= 9years*2= 18
PV= -955
Hence,
I= 4.57%
Now let calculate YTM
YTM = 4.57%*2
YTM =9.14%
Therefore YTM will be 9.14%
Microeconomics deals with: Question 4 options: 1) the working of the entire economy or large sectors of it. 2) economic growth. 3) individual decision makers in the economy. 4) gross domestic product.
Answer:
3) individual decision makers in the economy
Explanation:
The study of the microeconomic would deals in the people choice, factors impacting their choices, decision impacting their goods that can impact the price, supply and the demand
Therefore as per the given options, the third one is chosen as the other factors represent the macroeconomics
what is vegetable farming?
Help
Which of these tends to force the price of an item upward?
O A. a surplus of that item
O B. a shortage of that item
O C. attainment of an equilibrium price for that item
O D. attainment of an equilibrium quantity of that item
Answer:
B a shortage of that item
Explanation:
because the shortage of an item means more people want so that's a great time to earn some extra cash. same thing when they have. too much of an item but instead they lower the price so more people buy it.
Barbara Smith is an employee of Allied Manufacturing Company. She has an 8-hr workday and each day is paid $0.60 for each unit produced or the hourly rate, whichever is greater. Her hourly rate is $7.15 per hour. Last week she produced 90 units on Monday, 114 units on Tuesday, 82 units on Wednesday, 112 units on Thursday, and 98 units on Friday. What were her gross earnings for the week
Answer:
$309
Explanation:
The computation of the gross earning for the week is as follows:
Given that
Payment of $7.15 × 8 = $57.2 or payment of each unit produced whichever is greater
On monday
= 90 units × $0.60
= $54
But the greater is $57.2
On tuesday
= 114 units × $0.60
= $68.4
On Wednesday
= 82 units × $0.60
= $49.20
But the greater is $57.2
On thursday
= 112 units × $0.60
= $67.20
On friday
= 98 units × $0.60
= $58.80
Now the earnings for the last week is
= $57.20 + $68.4 + $57.20 + $67.20 + $58.80
= $308.80
= $309
Suppose you bought 100 shares of IBM at $200 per share. What is the maximum loss if you place a stop-loss order at $165
Answer:
$3,500
Explanation:
Placing a stop-loss order at $165 means that the last amount that the stock traded, it had a price of $165 per share.
Based on that, it is evident that each stock has lost $35 when compared to the price at which the stop-loss order was placed and the initial cost per share of $200.
Loss per share=$200-$165=$35
The loss incurred on 100 shares of IBM=loss per share*number of shares owned
The loss incurred on 100 shares of IBM=$35*100
The loss incurred on 100 shares of IBM=$3,500
In general, the production and use of capital ________ the productivity of labor and normally ________ wages.
Answer:
In general, the production and use of capital ENHANCES the productivity of labor and normally DRIVES UP wages.
Explanation:
capital refers to tools, machinery or equipment used in the production of goods or services. They all help to increase the productivity of workers. As the productivity increases, so do salaries (generally speaking). For example, a person that paints using a common brush will paint 10 yards per hour, while someone that uses a painting machine will paint 50 yards per hour. Since using a painting machine yields a much higher return, but also requires additional knowledge, the worker is paid a higher wage.
Paolo is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Paolo has only 20 hours this week that he can devote to training. Each hour he spends swimming is an hour that he can't spend biking or running. Which basic principle of individual choice do these statements best illustrate?
a. Juanita can use time most efficiently by spending the same amounts of time on swimming, biking, and running.
b. People face trade-offs
c. People usually exploit opportunities to make themselves better off.
d. Juanita has an incentive to spend more time on swimming than on biking or running.
Answer:
b. People face trade-offs
Explanation:
People usually have different options of a toons that can be taken with their various benefits. These different options available to an individual are called trade offs.
When a particular line of action is taken, the alternative action forgone is called the opportunity cost.
In economics the opportunity cost is also considered along with the actual cost of an activity.
In this scenario Paolo has trade offs of swimming, biking, or running.
However he has only 20 hours this week that he can devote to training. Each hour he spends swimming is an hour that he can't spend biking or running.
So biking and running are the opportunity costs he has to pay for swimming
If the firm has 200,000 common shares outstanding, zero preferred shares, and debt with a market value of $10,000,000 what would be the value of each share
The complete question is:
Acme Medical Corp. is expecting the cash flows from 2018-2022 in the table below. After 2022 it is expecting growth in cash flow at an annual rate of 3%. The firm has determined that its weighted average cost of capital (discount rate) is 7%. Using the table below calculate the following:
Year Cash flow
2018 500,000
2019 550,000
2020 620,000
2021 700,000
2022 800,00
Answer: Share value = $36.23
Explanation:
First of all we need to calculate the present value of future cash flows of the company
Weighted average cost of capital is given as 7% so discounts will be made against 1.07
Present value = 500,000/(1+0.07) + 550,000/(1+0.07)^2 + 620,000/(1+0.07)^3 +700,000 /(1+0.07)^4 + 800,000/(1+0.07)^5 + [(824,000/0.04)/(0.07)^5]
Present value =$17,245,716.59
Share value will be present value of future cash flows minus market value of the company, and divided by number of shares
Share value = (17,245,716.59 - 10,000,000) ÷ 200,000
Share value = $7,245,716.59 ÷ 200,000
Share value = $36.23
Bonita Corporation purchased a truck at the beginning of 2020 for $54,500. The truck is estimated to have a salvage value of $2,180 and a useful life of 174,400 miles. It was driven 25,070 miles in 2020 and 33,790 miles in 2021. Compute depreciation expense using the units-of-production method for 2020 and 2021.
Answer: depreciation expense for 2020 and 2021= $7, 521 and$10,137 respectively.
Explanation:
Depreciation cost = Purchase cost - Salvage value
= $54,500 - $2, 180
= $52,320
Given that useful life = 174,400 miles, we have that the
Depreciation per mile = Depreciation cost / useful life in miles
=$52,320/174,400 = $0.30 per mile
2020 Depreciation expense = 25, 070 X $0.30 = $7, 521
2021 Depreciation expense = 33,790 X $0.30 = $10,137
At which rate is total utility increasing: a constant rate, a decreasing rate, or an increasing rate
Answer:
a decreasing rate.
Explanation:
Total utility of an individual is the satisfaction which is achieved by consuming one additional unit of good. When a person achieves more goods his marginal utility declines. When the total utility is increased, the rate of utility is decreasing.
Question 3 of 25
During which events is it most likely that sheltering in place is the best option?
Select the 3 answer options that apply.
Tornado
Chemical release
Fire
Biological contaminant release
Answer:
Tornado ,Chemical release and Biological contaminant release
Explanation:
I just took it.
Computer user support is another name for:
A.
Customer service
B.
Technical support
C.
Network support
D.
Information security
Answer:
B. Technical support
Explanation:
Hope you like it
What effect does a company's sale of equipment have on the equipment's
accumulated depreciation on the balance sheet?
A. It is increased by the sale value.
B. It is not changed.
C. It is removed entirely.
D. It is decreased by the sale value.
Answer:
C. It is removed entirely.
Explanation:
Once an asset is sold, e.g. equipment, vehicles, machinery, buildings, etc., it is removed entirely from the balance sheet. This means that both the asset's historic cost and accumulated depreciation will be removed. Accumulated depreciation is a contra asset account that decreases the asset's carrying value, but if the asset is gone, so is accumulated depreciation.
Based on this model, households earn income when purchase in resource markets.
Suppose Cho earns $600 per week working as a doctor for the Medical Clinic. She uses $10 to buy a box of aspirin at Pillmart Pharmacy. Pillmart Pharmacy pays Bob $225 per week to work the cash register. Bob uses $225 to purchase medical services from the Medical Clinic.
Identify whether each of the following events in this scenario occurs in the resource market or the product market.
Event Resource Market / Product Market
Cho spends $10 to buy a box of aspirin.
Bob spends $225 to purchase medical services from the Medical Clinic.
Cho earns $600 per week working for the Medical Clinic.
Which of the elements of this scenario represent a flow from a firm to a household? This could be a flow of dollars, inputs, or outputs. Check all that apply.
A. The $225 per week Bob earns working for Pillmart Pharmacy
B. The $225 Bob spends to purchase medical services from the Medical Clinic
C. The aspirin Cho receives
D. Cho's labor
Answer:
1. Identifying whether each of the following events in this scenario occurs in the resource market or the product market:
Event Resource Market / Product Market
1. Cho spends $10 to buy a box of aspirin. Product market
2. Bob spends $225 to purchase medical
services from the Medical Clinic. Product market
3. Cho earns $600 per week working for
the Medical Clinic. Resource market
2. The elements of this scenario that represent a flow from a firm to a household:
A. The $225 per week Bob earns working for Pillmart Pharmacy
C. The aspirin Cho receives
Explanation:
The resource market refers to the factor market or a situation where households provide firms with the factors of production (land, labor, and capital) in exchange for money incomes (rent, wages, and interest). In such situations, the firms are the buyers while households are the sellers. In the product market, the reverse is the case. Firms provide the goods and services that households buy and consume.
Western Wear has total sales of $642,100, EBIT of $93,900, net income of $50,800, current assets of $153,500, total assets of $658,000, current liabilities of $78,900, and total liabilities of $213,600. What are the values of the three components of the DuPont identity?
Answer:
The values of the three components of the DuPont identity are Profit Margin = 7.91 %, Total Assets Turnover = 0.98 and Rate of return on asset = 7.75 %
Explanation:
The DuPont identity was developed by managers for evaluating performance. The DuPont identity shows how the return on equity is affected asset turnover, the profit margin and leverage.
The Profit margin times the total assets turnover is called the Du Pont equation and it gives the Rate of return on asset (ROA).
ROA = Profit Margin x Total assets turnover
where,
Profit Margin = Net Income ÷ Sales
= $50,800 ÷ $642,100
= 7.91 %
Total Assets Turnover = Sales ÷ Total Assets
= $642,100 ÷ $658,000
= 0.98
therefore,
ROA = 7.91 % x 0.98 = 7.75 %
Conclusion
The values of the three components of the DuPont identity are Profit Margin = 7.91 %, Total Assets Turnover = 0.98 and Rate of return on asset = 7.75 %
What is the unemployment rate if there are 160 million people employed, 10 million people unemployed, and 20 million not in the labor force
Answer:
7.14%
Explanation:
With regards to the above, we can calculate the unemployment rate as!
= Unemployed people/labor force × 100
= 10,000,000 /140,000,000 × 100
= 7.14%
How can organizations manage diversity effectively?
Answer:
Sorry me not Know
Explanation:
a)The playing life of a Sunshine radio is normally distributed with mean = 600 hours
and standard deviation = 100 hours. What is the probability that a radio selected
at random will last from 600 to 700 hours?
b)Find the area under standard normal curve to the left of z = –1.00
c) Find the area to the left of z = 1.18
d) Find the area between z = 1.00 and z = 2.70.
The following data were collected during an experiment in which 10 laboratory animals were inoculated with a pathogen. The variables are Time after inoculation (X, in minutes) and Temperature (Y, in Celsius degrees).
X, Time Minutes)
Y, Temperature (0C)
24
28
32
36
40
44
48
52
56
60
38.8
39.5
40.3
40.7
41.0
41.1
41.4
41.6
41.8
41.9
i) Draw a Scatter Diagram to show the association, if any, between these two variables (correct scale is not very important);
ii. Can you draw any conclusion/observation without doing any calculation?
Iii. Calculate the Coefficient of Correlation.
iv. Form the regression line of Y on X by calculating the estimate Intercept and Slope;
v. If the model holds, what would be the temperature for an animal, chosen at random, after 30 minutes?
QUESTION FOUR:
In the fast food example from the start of this chapter, researchers want to test whether the average number of fast food meals eaten per week by modern families is larger than it was in the 1990s, when it was 3.5. Suppose that they know the population standard deviation is σ = 0.6, the sample size is 100, and the sample mean was x = 7.3
For each macroeconomic viewpoint, identify whether it is a position held by classical economists, Keynesian economists, or monetarists. If the viewpoint is shared by more than one group, check all that apply.
a. A decrease in aggregate demand will only lead to a temporary departure from full employment output. Since prices and wages are flexible, the economy will automatically adjust to full employment in the long run.
b. The velocity of money, while not constant, is predictable.
Answer:
a. Classical theory
b. Monetarist school.
Explanation:
Classical theory assumes that the fall in aggregate demand will create temporary affect on employment and ;later in the long run economy will adjust itself and will be at full employment automatically. Keynesian theory believes that demand is the factor which drives the economy. If the economy is at recession then efforts should be made to increase demand which will turn the economy growth upright.
Assign each of the following to the correct category: A full-time college student multiple choice 1 Employed Unemployed Not in the labor force An accountant working full time
Answer:
unemployed
employed
Explanation:
Which type of market structure has many small firms that spend money in order to differentiate their products through advertising
Answer:
c. Monopolistic Competition
Explanation:
Multiple Options "a. Monopoly b. Oligopoly c. Monopolistic competition d. Perfect competition"
Monopolistic Competition is the type of market structure that has many small firms that spend money in order to differentiate their products through advertising. Here, the products are differentiated and the buyers are made aware of these differences through advertising and promotion. These costs represent a significant part of the total cost under monopolistic competition.
Answer:
Monopolistic competition
