The cost of goods sold is $69,500, and the cost of goods manufactured is $154,600.
To calculate the total manufacturing cost of the unfinished job, we need to add the direct labour cost and the direct material cost.
The direct labour cost for Job No. 151 is $5,700, and the direct materials cost is $14,500.
So, the total manufacturing cost for Job No. 151 is $5,700 + $14,500 = $20,200.
We also need to add the actual manufacturing overhead cost incurred during January, which is $64,900.
So the total cost of the unfinished job at the end of January is $20,200 + $64,900 = $85,100.
To find the work-in-process inventory, we need to add the cost of direct materials placed in production during January and the total cost of the unfinished job at the end of January.
So, work-in-process inventory = $124,000 + $85,100 = $209,100.
We also need to add raw material inventory and finished goods inventory to find the total cost of goods available for sale.
So, the total cost of goods available for sale is: $209,100 + $28,800 + $40,700 = $278,600.
So, the cost of goods sold is $278,600 minus $209,100, or $69,500.
Therefore, the cost of goods manufactured is $69,500 + $85,100 = $154,600.
So, the cost of goods sold is $69,500, and the cost of goods manufactured is $154,600.
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In the Management in Action case, if Congress forces Amtrak to become a nonprofit, the organization will have to go back to which step in planning process? Multiple Choice O operational planning O developing a mission O statement strategic planning O execution
Capital punishment (Execution), often known as the death penalty and judicial murder, is the state-sanctioned execution of a person for an actual or presumed crime after an authorized, rule-governed process to determine that the person violated norms that necessitate this punishment.
The sentence mandating that an offender be punished in such a manner is known as a death sentence, and the act of carrying out the punishment is known as an execution. A person on death row is a convict who has been sentenced to death and is currently awaiting execution.
Since human civilization began, most nations have executed criminals and dissidents. Without prison structures, deterring and incapacitating offenders was difficult before the 19th century. The breaking wheel, keelhauling, sawing, hanging, drawing, and quartering, burning at the stake, flaying, slow slicing, boiling alive, impalement, and gunshot were common torture tactics used in pre-modern executions.
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The right way of asking the question is:
In the Management in Action case, if Congress forces Amtrak to become a nonprofit, the organization will have to go back to which step in the planning process?
operational planning developing a mission statement strategic planning executionReceiving payment of a portion of an accounts receivable will___ a. not affect total assets. b. increase liabilities. c. increase stockholders' equity d. decrease net income.
The correct reply is choice a. Have no impact on whole assets. When cash is received from a purchaser on account, the corresponding quantity is reduced.
What takes place when you receive accounts receivable?On a trial balance, accounts receivable is a debit until the customer pays. Once the patron has paid, you may savings debts receivable and debit your cash account, when you consider that the money is now in your bank and no longer owed to you. The ending balance of debts receivable on your trial balance is commonly a debit.
Accounts receivable is a modern-day asset that results when a business enterprise reports revenues from sales of merchandise or the imparting of services on credit score using the accrual foundation of accounting. The effect on the company's balance sheet is an increase in present day assets and an make bigger in owner's or stockholders' equity.
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Kubin Company’s relevant range of production is 18,000 to 22,000 units. When it produces and sells 20,000 units, its average costs per unit are as follows:
Average Cost per Unit
Direct materials $ 7.00
Direct labor $ 4.00
Variable manufacturing overhead $ 1.50
Fixed manufacturing overhead $ 5.00
Fixed selling expense $ 3.50
Fixed administrative expense $ 2.50
Sales commissions $ 1.00
Variable administrative expense $ 0.50
1. For financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units
The price of the labor needed to provide a service to a consumer can also be included in the cost of the product. $140,000 is the total amount of product costs incurred to make 20,000 units.
What is the cost of a product?Product costs are the expenses incurred to produce a product. These expenses include factory overhead, direct labor, direct materials, consumable production supplies, and direct labor.
Cost of direct materials: $7
Direct labor is priced at $4, and manufacturing overhead is $1.50.
Manufacturing fixed costs $5.00
$3.50 is the fixed selling cost.
Contingent administrative cost $2.50
commissions from sales $1
varying administration cost $0.50
Calculation of Variable Cost: 7 + 4 + 1 + 5 = 3.50 + 2.50 + 1 + 0.50 = 25
The total variable expense will be =25*18000*450,000.
The total variable cost for producing and selling 20,000 units will be $500,000 (20,000 x 25).
The typical manufacturing fixed cost per unit will be: = (22,000 7)/18000=8.56
The average fixed manufacturing cost per unit produced when 22,000 units are produced is equal to (20000 7)/22000=6.36. This means that the total amount of fixed manufacturing overhead incurred when 22,000 units are produced is equal to (20000 7) = $140,000.
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According to Hazlitt, which of the following would be consequences of the United States placing a new tariff on foreign sweaters, resulting in the creation of a domestic sweater industry
Trade barriers raise the price of imported goods. Domestic customers end up paying more as a result of domestic producers not being forced to reduce their prices in order to keep up with the escalating competition.
In what ways does a tariff affect things?Tariffs raise the prices and profits of domestic producers while lowering their sales and profits. Tariffs drive up the price of products and services while cutting down on domestic consumers' excess.
What kind of impact would a tax on a nation that imports a certain good have on that nation's economy?It should go without saying that a tariff also generates revenue for the government of the importer (revenue function). The government and producers of the importing country thereby benefit from tariffs through tax collections and production surpluses at the expense of its consumers through higher pricing.
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john is looking at several review websites to help him decide on his next purchase of a computer. at what step in the consumer decision making process is he?
John needs recognition and he is on that step of consumer decision making process.
With an example, what is consumer?Any individual or group who uses a good or service for the last time is referred to be a consumer. Here are some illustrations: a someone who pays a hairstylist to cut and style their hair. corporation that purchases a printer for business purposes.
What exactly is a consumer?A consumer is someone who purchases, ingests, or expends something. Without consumers, an economy would cease to exist. People want beautiful and delicious goods long before there were smorgasbords, shopping centers, or eBay. Thus, the Latin-speaking people created the word consumere, which meant to consume, eat, or waste.
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a boat is worth $7,000 when it is 5 years old and $2,000 when it is 10 years old. what was the boat worth initially?
Answer:
$12,000
Explanation:
The value started at $12,000, and loses $1,000 in value per year.
rosing, inc., manufactures dog sleds. the company uses direct labor hours as its application base. the predetermined overhead rate for the year was $24.27 per direct labor hour. the estimated manufacturing overhead for the year was $58,248. what was the budgeted number of direct labor hours for the year?
2,400 hours was the budgeted number of direct labor hours for the year.
What is a budget and why is it crucial?
In order to estimate future revenue and expenses, a budget is a financial document. A budget is a tool for keeping track of how and when you make and spend money.
Making a budget is a crucial component of your overall success and security. It enables you to monitor and more clearly comprehend whether the revenue (incoming cash) coming into your company is sufficient to cover its costs.
Which three types of budgets are there?
A budget can be divided into three categories: a surplus budget, a balanced budget, and a deficit budget. The government budget is a financial document that summarizes income and outlays for an entire year.
Predetermined overhead rate = Budgeted total manufacturing overhead cost ÷ Budgeted total level of application base.
Therefore,
= $58,248 ÷ $24.27
= 2,400 hours
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1. define the following project management terms: a) timeline: b) breadth and depth: c) task: d) resources: e) constraints: f) due date: g) budget: h) stakeholder: 3. (true or false) a stakeholder does not need to be managed because the project must fit their requirements. 4. what are the needs of a timeline?
The succession of activities and events you wish to show on your graphic as a timeline should be represented, along with the dates that indicate when they occurred during each phase.
On a timeline, a list of events is displayed in time order. It typically appears as a graphic with a lengthy bar that is mirrored by numbers and, most frequently, recent events. Depending on the subject and information available, timelines may use any suitable scale to depict time; many opt for a linear scale where a unit of distance correlates to a particular amount of time. The events in the chronology serve as the foundation for this time frame. A timeline of evolution may span millions of years, yet a timeline of the September 11 attacks may span minutes, and a timeframe of an explosion may span milliseconds. While many timelines employ a linear timescale, particularly where extremely short or long timespans are important, logarithmic timelines involve a logarithmic scale of time; some "hurry up and wait" chronologies are represented with zoom lens metaphors.
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What does a timeline need?
a duplex cost $149,500 to build. the building has an estimated economic life of 60 years. using the age-life method, what is the amount of depreciation if the building's effective age is 5 years and its chronological age is 7 years? (round answer to nearest dollar.)
Depreciation = Effective Age /Total Economic Life
Depreciation = 5/60 = 0.0833 or 8.33%
Dollar amount of depreciation = $149,500 x 8.33% = $12,458
How does depreciation work?Over time, use, wear and tear, or obsolescence cause an asset's monetary value to drop. Depreciation is the measurement for this decline. Depreciation, or a decline in asset value, can be brought on by a variety of other variables, such as bad market conditions, etc.
How is depreciation computed and what does it mean?The idea of depreciation spreads out an asset's cost over the course of its useful life while acknowledging that assets lose value over time. A fixed asset's cost can be methodically written off throughout the length of its useful life by using depreciation.
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what provision prohibits an insurer from paying a reimbursement to someone other than a policyowner?
A premium waiver for disability is a clause in an insurance policy that states that a policyholder will not be obliged to pay premiums if gravely wounded.
A premium waiver is a clause that permits the insured to avoid paying premiums during a period of incapacity that lasts a certain amount of time. A premium waiver is a clause that permits the insured to avoid paying premiums during a period of incapacity that lasts a certain amount of time. The premium waiver for disability continues in force for the duration of the insured's disability. The premium waiver for disability continues in force for the duration of the insured's disability.A premium waiver is a clause that permits the insured to avoid paying premiums during a period of incapacity that lasts a certain amount of time.
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Suggest a reason that following the competition is not the best model for creating a promotional budget.
According to the statement the competition's goals may be very different than your goals. You won't likely succeed in your aims by copying the marketing tactics of your rivals.
What is the model for creating a promotional budget?Acquiring customers. Retaining customers. Turning customers into brand ambassadors. When this comes to advertising, there are three main goals to keep in mind: to inform, influence, and remind people about business brand and products. Therefore, the following five guidelines for effective advertising can be summed up:
Establish relevance to target audience ,Exhibit uniqueness from competition ,Prove credibility through product characteristic or use ,Add to consumer knowledge ,Execute through relevant touchpoints.
Living fearlessly should be your greatest goal in life. Accept life for what it is and be ready to handle any situation. That begins by overcoming each of your fears one by one time. Determine which worries are now preventing you from moving forward and begin addressing them.
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jane johnson was a famous rock star but retired 20 years ago and withdrew from the public eye. while she was a musician, she stole a very valuable diamond ring from another musician. she quickly returned the diamond, was not arrested for theft, and only her brother knew about the incident. last week, spy magazine published an article revealing the theft. johnson sued spy magazine for private facts. what will be the result of the suit?
Johnson will lose because passage of time does not change the story's newsworthiness.
What is the law on private facts?Similar to the tort of defamation, consent is a defence to a lawsuit for the publication of private information. If the plaintiff gave verbal or written consent for the revelation of the disputed facts, the defendant will not be held accountable. Beyond what has been granted, no publication is permitted. Additionally, before their name or photograph is utilised, the plaintiff who first gave authorization has the ability to revoke it.
A second argument is that the statute of limitations for the claim has expired. The phrase here refers to the maximum amount of time a plaintiff may postpone bringing a claim. In situations requiring disclosure, the statute of limitations normally starts to run from the date of the first publication of the infringing facts.
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a marketing team needs to narrow down a data extension that contains 750,000 records based on a coupon voucher field, in order to create and target appropriate segments for retargeting purposes. how can this most effectively be achieved?
For each kind of communication, make publication lists and add them to the send definition.
Which function can be utilized by a marketer to personalize email content?You can personalize content by using: Strings for personalization: Include subscriber attributes like their name in your email's subject line, preheader, or body. Content that changes: Display content in accordance with rules that you establish based on the attributes of the subscriber or the values of the data extension field.
How many different kinds of data extension exist?In Marketing Cloud, there are three different kinds of data extensions. A custom set of fields can be created by utilizing standard data extensions. A subset or segment is created from an existing data extension using filtered data extensions.
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the relatively homogenous groups of prospective buyers that have common needs and will respond similarly to a marketing action is referred to as
The relatively homogenous groups of prospective buyers that have common needs and will respond similarly to a marketing action is referred to as: market segmentation
Market segmentation tries to distinguish designated gatherings of buyers to tailor items and marking in a manner that is attractive to the gathering.
Markets can be portioned in more than one way, for example, geologically, demographically, or typically.
Market segmentation assists organizations with limiting gamble by sorting out which items are the probably going to procure a portion of an objective market and the most effective ways to market and convey those items to the market.
With risk limited and lucidity about the marketing and conveyance of an item elevated, an organization can then zero in its assets on endeavors prone to be the most profitable.
Market segmentation can likewise build an organization's segment reach and may assist the organization with finding items or administrations they hadn't recently thought of.
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all of the following are advantages of process (functional) layouts except which? multiple choice question. individual incentive programs are possible. handle a variety of goods or services readily adapt to high volume output less vulnerable to equipment breakdowns than product layouts.
All of the following are advantages of process (functional) layouts except for: Individual incentive programs are possible.
Give the reason for your answer:All other options are advantages of the process (function) layout. Process layouts can flexibly handle different goods and services, are easily adapted to mass production, and are less prone to equipment failure than product layouts. However, in the process layout, jobs are grouped by function, not by product. This means that it is more difficult to set individual production rates and implement individual incentive programs.
A process layout is a plant configuration that groups operations of similar nature or function. Therefore, it is sometimes called a functional layout. Their purpose is the processing of goods or the provision of services with varying processing requirements.
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On October 1, Eder Fabrication borrowed $55 million and issued a nine-month promissory note. Interest was discounted at issuance at a 13% discount rate. Prepare the journal entry for the issuance of the note and the appropriate adjusting entry for the note at December 31, the end of the reporting period
The journal entry for the issuance of the note is debit cash by $4963750 and discount by $536250 and credit notes payable by $5500000.
Appropriate adjusting entry for the note at December 31, the end of the reporting period is debit the profit and loss account by $536250 and credit the discount account by $536250.
What is a journal entry?
In order to document a business transaction in the accounting records of the company, a journal entry is employed. A journal entry is often made in the general ledger, but it can also be made in a subsidiary ledger and subsequently rolled forward into the general ledger after being summarised.
What are promissory notes?
A promissory note is a formal financial promise made by one party to another that they will repay a debt on a specific date. It is a formal contract that the drawer signs, promising to pay the money when requested or by a certain date.
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Pavlak surveyors has beginning current assets of $1,360, beginning current liabilities of $940, ending current assets of $1,720, and ending current liabilities of $1,080. What is the change in net working capital?.
Net working capital is the difference between a company's current assets and current liabilities.
To calculate the change in net working capital, we need to determine the change in both current assets and current liabilities, and then subtract the change in current liabilities from the change in current assets.
Change in current assets = ending current assets - beginning current assets = $1,720 - $1,360 = $360
Change in current liabilities = ending current liabilities - beginning current liabilities = $1,080 - $940 = $140
Change in net working capital = change in current assets - change in current liabilities = $360 - $140 = $220
So the change in net working capital for Pavlak Surveyors is $220. This means that the company's net working capital increased by $220 over the period in question.
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2. what is the return on the portfolio that is equally invested in the two assets (i.e. stock and risk-free asset)?
The return on the portfolio that is equally invested in the two assets is the weighted average of the returns of the two assets, where the weight is the proportion of the portfolio invested in each asset.
How dangerous is a two-security investment portfolio?The volatility of a two-asset portfolio depends on the weightings allocated to each asset, the standard deviations of those assets, and the correlation (or covariance) between their returns. Correlation across asset hazards becomes a more relevant determinant of portfolio risk as the number of assets in the portfolio grows.
When are needed and expected returns coincide?If both parties' expectations are equal, then both returns should be equal in equilibrium. Fair market value is calculated using the same rate of return for both expected and necessary returns (as opposed to investment value to a specific investor). The internal rate of return (IRR) based on the cash flows is not a 'expected return.
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the absolute value of the price elasticity of demand for gasoline in the short run has been estimated to be 0.1. if a supply disruption causes the price of gasoline to increase, how will that affect total expenditures on gasoline in the short run, all other things equal?
All other things being equal, the demand for gasoline will remain relatively constant, but overall spending on gasoline will increase if a Middle Eastern war increases the price of oil (from which gasoline is produced).
When does the price elasticity of demand have an absolute value lower than 1?Demand is considered to be "inelastic" if the price elasticity in absolute terms is less than 1 (one). This indicates that the quantity required is less responsive to price fluctuations and so fluctuates by a smaller percentage than price changes.
Why is gasoline for short-term use less elastic than fuel for long-term use?Due to the fact that we must constantly buy gas to keep our automobiles operating, gasoline is less elastic in the short term than it is in the long term. We may eventually switch to hybrid or more fuel-efficient vehicles, take the bus, or walk more. These options aren't immediately accessible though.
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what term is used to describe the percentage change in quantity demanded divided by the percentage change in price?.
The quantity demanded of one good (good A) divided by the percentage change in the price of another item constitutes the cross-price elasticity of demand (good B.)
It is calculated as the percentage change in quantity needed divided by the percentage change in price. A good or service with a high price elasticity of demand will see a substantial change in quantity demanded with just a little change in price, whereas one with a low price elasticity of demand will see only a moderate change in quantity demanded with a significant change in price.
price elasticity of demand formula is accurate. The premium automobile market for a certain brand serves as an example of price elasticity of demand.
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how was latin america linked to the global economy? what was the impact of them being connected to the world?
Latin America exported food products and raw materials to industrializing nations, increasing exports by a factor of ten in the sixty years or so after 1850. In return for these exports, Latin America imported the textiles, machinery, tools, weapons, and luxury goods of Europe and the United States.
What exactly do import and export mean?Selling products and services to another country from one's own country is known as exporting. Purchasing goods from elsewhere and bringing them into your own country is referred to as importing.
Does import indicate sale?Importing is the process of importing items created abroad into a nation for resale. American businesses that purchase goods abroad and bring them into the country for sale or for use in an American-made product are importing.
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the packaging design for a new flavor of ben and jerry's ice cream is an aspect of which component of the marketing mix?
The packaging design for a new flavor of ben and jerry's ice cream is an aspect of which component of the marketing mix is the Product.
What four factors make up the marketing mix and how significant are they all?
Products, prices, locations, and promotions make up the four Ps of marketing. These are the essential components that need to work together in order to successfully cultivate and promote a brand's distinctive value and make it stand out from the competition.
Ben & Jerry's is well-known for both its ice cream and its advocacy. Ben and Jerry's. The Vermont-based ice cream producer has been around for a while, and over that time it has figured out how to do more than just provide us with delectable pints for late-night binge-eating.
Therefore, The milk that is required for the great quality of the ice cream is the source of the cow's inspiration.
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which of the following statements is correct? a. attorney fees are generally involved when a company develops its charter and bylaws, but since these documents are voluntary, a new corporation can avoid these costs by deciding not to have either a charter or bylaws. b. the corporate charter is concerned with things like what business the company will engage in, whereas the bylaws are concerned with things like procedures for electing the board of directors. c. companies must establish a home office, or domicile, in a particular state, and that state must be the one in which most of their business (sales, manufacturing, and so forth) is conducted. d. the corporate bylaws are a standard set of rules established by the state of incorporation. these rules are identical for all corporations in the state, and their purpose is to ensure that the firm's managers run the firm in accordance with state laws. e. the corporate charter is a standard document prescribed by the state of incorporation, and its purpose is to ensure that the firm's managers run the firm in accordance with state laws. procedures for electing corporate directors are contained in bylaws, while the declaration of the activities that the firm will pursue and the number of directors are included in the corporate charter.
The corporate charter is a standard document prescribed by the state of incorporation, and its purpose is to ensure that the firm's managers run the firm in accordance with state laws. procedures for electing corporate directors are contained in bylaws, while the declaration of the activities that the firm will pursue and the number of directors are included in the corporate charter. The option E is correct.
What is corporate charter?
To create a company as a corporation, a corporate charter must be submitted to the Secretary of State or registrar. The governance, structure, goals, operations, and other key information of the corporation must all be covered in the corporate charter.
According to InvestorWords, a corporation is formed using a charter, also referred to as articles of incorporation.
What does a company charter accomplish?
The corporate identity of the company is displayed in its formal, unique, and legal forms. Incorporating a business begins with this basic step. Additionally, it provides crucial details regarding the key members of the organization, such the directors, shareholders, capital contribution, etc.
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Joaquin is worried about his company locating a manufacturing facility in Indonesia because of the unstable government which could devastate their business. Which type of risk is affecting Joaquin's decision
Joaquin is concerned that his company would establish a manufacturing unit in Indonesia, where the unstable government could completely destroy their operations. Joaquin's choice is influenced by political risk.
What is political risk?Political risk is the possibility that a country's political unrest or changes could have a negative impact on an investment's results. A change in the executive, judicial, legislative, or military branches of government could cause instability that would have an impact on investment returns. Political risk, commonly referred to as "geopolitical risk," increases in importance as the investment time horizon lengthens. They are regarded as a specific kind of jurisdiction risk. Political risks are notoriously difficult to measure because there aren't many case studies or large sample sizes available when talking about a single country. Through other governmental entities or international organisations, certain political risks may be insured against.
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1. what would be the revised net operating income per month if the sales volume increases by 40 units? 2. what would be the revised net operating income per month if the sales volume decreases by 40 units? 3. what would be the revised net operating income per month if the sales volume is 7,900 units?
2. If the sales volume decreases by 40 units, the revised net operating income per month would be $7,860, which is the current net operating income of $7,900 minus the lost profit from the 40 units not sold.
What is sales?Sales is the process of selling goods and services to customers in exchange for money. It is an important part of any business and involves understanding customer needs, developing effective sales strategies, and using effective communication to influence customers to purchase products.
1. If the sales volume increases by 40 units, the revised net operating income per month would be $7,940, which is the current net operating income of $7,900 plus the additional profit earned from the 40 additional units sold.
3. If the sales volume is 7,900 units, the revised net operating income per month would be $7,900, which is the current net operating income and no additional profit or loss is earned from the sales volume remaining the same.
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becky loves watching her favorite 30-minute television shows, once they become available for streaming on the internet. in order from her most to least favorite, becky's show preferences are community, parks and recreation, the office, and 30 rock. if becky has time for only one show, she chooses to watch community. in this case, what is her opportunity cost?
Becky's opportunity cost is watching "The Office" and "30 Rock".
In the microeconomic concept, the opportunity fee of a particular pastime is the price or benefit given up by carrying out that interest, relative to undertaking an opportunity interest. extra efficaciously it approach in case you chose one activity (for example, an investment) you are giving up the possibility of do a distinctive choice. The premiere pastime is the only one that, net of its possibility fee, provides the greater go back in comparison to another sport, the internet of their opportunity costs.
For instance, in case you buy a vehicle and use it exclusively to transport yourself, you can't hire it out, while in case you hire it out you can't use it to move. if your price of transporting yourself without the auto is more than what you get for renting out the car, the most appropriate preference is to use the automobile yourself. In simple equation shape, opportunity price can be defined as: "opportunity cost = (returns on fine Forgone alternative) - (returns on selected alternative)."
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suppose a firm sells a good at a perfectly competitive price of $5. the equilibrium wage rate is $10. the first worker it hires produces five units. two workers produce a total of nine units. if it hires two workers, the marginal revenue product for the second worker is .
In this case, the marginal revenue product of the second worker is (9 units x $5 price) - (5 units x $5 price) = $20.
What is marginal revenue product?Marginal revenue product (MRP) is an economic concept that measures the contribution of a single unit of labor to a firm's total revenue. In other words, it is the additional revenue generated by a unit of a particular resource, such as labor or capital, when it is employed by a firm.
The marginal revenue product (MRP) of the second worker is the extra revenue generated by the second worker, which is equal to the difference between the total revenue generated by the two workers and the total revenue generated by the first worker. In this case, the MRP of the second worker is (9 units x $5 price) - (5 units x $5 price) = $20. This represents the additional revenue generated by hiring the second worker, which is equal to the wage rate of $10.
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when a product's positioning (speed/accuracy) is updated, what happens to the product's age? it doubles it cuts in half the product receives an age of 0, it becomes brand new nothing
When a product's positioning (Speed/Accuracy) is updated, the product's age It cuts in half.
What is product's positioning?Product positioning is a type of marketing where the advantages of your product are highlighted for a specific target market. Marketers can choose which population to target depending on positive responses to the product through market research and focus groups. Product positioning is the act of determining and conveying the thoughts and feelings you want your market to have about your product. Your team must explain how your product can address the needs of your customers in order for it to be successfully positioned. why it is a superior option than those offered by its rivals.When a product's positioning (Speed/Accuracy) is updated, the product's age It cuts in half.
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imagine we have a list of participants below all of whom are unemployed. we are trying to test whether a given job training program helps unemployed individuals find a new job. to do so, we propose running and randomized controlled trial. one suggestion is to put the first half of the individuals into the treatment (workers 1 through 3), while placing the second half in the control (workers 4 through 6). why would this be a poorly designed experiment?
Yes, selecting employee at random for jobs without prior judgment is a terrible technique.
Employee selection, often known as applicant selection, is the process of choosing the best new recruit for the job at hand. The phases in the employee selection process are determined by the function for which you are employing, your recruitment budget, the seniority of the post, available resources, and the demands of your business. Rather of using one approach as the primary basis for picking or rejecting individuals, combine them to make the best informed conclusion possible. Pre-employment testing, for example, can be used with other staff selection processes such as job interviews or trial days to reliably predict work performance and cultural fit.
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The manager of a city recreation center wants to estimate the percent of city residents who favor a proposal to build a new dog park. To gather data, the manager will select a random sample of city residents. Which of the following is the most appropriate interval for the manager to use for such an estimate
For the given problem the appropriate interval for the manager to use for such an estimate is a one sample Z interval for a population proportion.
Which of the following is the most appropriate interval for the manager to use for such an estimate?Manager of a city recreation center wants to estimate the percent of city residents who favor a proposal to build a new dog park.Random sample data is been selected by the manager.The one sample z test is performed to know weather the mean of the population is greater than, equal to or less than to a specific value.For the one sample z test following properties are given-
The given data is continues and follow the normal probability distribution.The sample should be a simple random sample from its population.Each and every individual sample in the population should have an equal probability of being selected in the sample.The standard deviation should be known.In the given problem as the manager of the city wants to estimate the percent of city residents who favor a proposal to build a new dog park and for this random sample data he selected. For this he should use the interval of a one sample Z interval for a population proportion.Hence, for the given problem the appropriate interval for the manager to use for such an estimate is a one sample Z interval for a population proportion. Thus the option A is the correct option.
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