The owner is making this long-run decision based on his rational expectations of economic growth to meet future demands.
What are long term decisions?They are a strategic process that means designing an economic scenario based on perspectives, vision and organizational goals, with short-run decisions being the actions present to achieve long-run objectives.
Therefore, the owner is making long-run decisions in line with his expectations for the future of the business by looking at the current economic scenario.
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In making the best economic choices, consumers compare the benefits of the choice to.
In making the best economic choices, consumers compare the benefits of the choice to its cost.
What is choice?This is the option that the consumer has considered to be the best way of satisfying his needs.
The choice of a person is a direct measurement of the benefit of the good and the cost that they can offer up for that good.
Therefore, in order to make the best economic choice, the benefits of a good must be compared to cost.
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pinnacle Corp. budgeted $262,220 of overhead cost for the current year. Actual overhead costs for the year were $257,640. Pinnacle's plantwide allocation base, machine hours, was budgeted at 45,150 hours. Actual machine hours were 53,260. A total of 97,480 units was budgeted to be produced and 98,000 units were actually produced. Pinnacle's plantwide factory overhead rate for the current year is: a.$2.69 per machine hour b.$5.71 per machine hour c.$5.81 per machine hour d.$2.64 per machine hour
a. what happens to the number of sandwiches and ice cream cones consumed if the price of ice cream cones rises to $2 a piece?
The number of sandwiches and ice cream cones consumed will reduce if the price of ice cream cones rises to $2 a piece
Why will the number of sandwiches and ice cream reduce?The number of sandwiches and ice cream will decrease this is because according law of demand at a higher price the quantity demanded for the goods is reduced. People tend to buy more commodity when the price is reduced.
Therefore, The number of sandwiches and ice cream cones consumed will reduce if the price of ice cream cones rises to $2 a piece
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If the number of sandwiches and ice cream cones consumed if the price of ice cream cones rises to $2 a piece, income and substitution effects will take place.
What is income and substitution effects?Income effect is the change in the consumption pattern of consumers based on their income at a particular time.
Substitution effects is the change which occurs when consumers replace expensive goods with cheap goods as a result of changes in price and income.
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Education required for an animator
Answer: A bachelor's degree in an art related field
Explanation: Like most art related careers, you need a strong art portfolio to getting an art related job.
1. what would be the revised net operating income per month if the sales volume increases by 70 units? 2. what would be the revised net operating income per month if the sales volume decreases by 70 units? 3. what would be the revised net operating income per month if the sales volume is 6,500 units?
The revised net operating income per month if the sales volume increase by 70 units is $32740.
How to calculate the operating income?The revised net operating income per month if the sales volume increase by 70 units will be
Sales = 7370 × 31 = $228470
Less: Variable expenses = 7370 × 19 = $140030
Contribution margin = 7370 × 12 = $88440
Less: Fixed expenses = $55700
Net operating income = $32740
When there's a decrease, this will be:
Sales = 7230 × 31 = $224130
Less: Variable expenses = 7230 × 19 = $137370
Contribution margin = 7230 × 12 = $86760
Less: Fixed expenses = $55700
Net operating income = $31060
The revised net operating income per month if the sales volume is 6,500 units will be:
Sales = 6500 × 31 = $201500
Less: Variable expenses = 6500 × 19 = $123500
Contribution margin = 6300 × 12 = $78000
Less: Fixed expenses = $55700
Net operating income = $22300
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In the context of the elements of scientific management, time and motion studies focus on: group of answer choices designing different types of activities to overcome the boredom of overspecialized work. increasing the amount of job responsibility through vertical loading. the inclusion of motivation and hygiene factors that affect job satisfaction. the efficient use of labor to the economic benefit of a corporation.
The time and motion studies In the context of the elements of scientific management focus on the efficient use of labor to the economic benefit of a corporation.
What is the aim of time and motion studies?This management studies helps to find a more effective and efficient ways for the workers to do their specific tasks.
Hence, the time and motion studies In the context of the elements of scientific management focus on the efficient use of labor to the economic benefit of a corporation.
Therefore, the Option D is correct.
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An expansionist strategy in regards to capacity is best characterized by Group of answer choices making small, frequent jumps in capacity expansions. using capacity as a competitive weapon in order to compete on cost. willing to use short-term options (e.g., overtime, subcontracting) to meet the demand that exceeds capacity. reducing the risks of over-optimistic demand forecasts.
An expansionist strategy in regards to capacity is best characterized by A. making small, frequent jumps in capacity expansions.
What is an expansionist strategy?An expansionist strategy is a growth strategy aimed at:
Achieving faster growthEarning higher profitsCompeting more favorablyRapidly growing a brandCapitalizing on economies of scale.An organization can use these growth strategies to expand its operations:
Market penetrationProduct developmentMarket expansionDiversification.Thus, an expansionist strategy in regards to capacity is best characterized by A. making small, frequent jumps in capacity expansions.
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Sales made on account are recorded with a debit to Accounts Receivable and credit to Sales Revenue for the price times the quantity. Management knows that some of those accounts will not be collected but is unsure which specific customers it will be. Thus, management estimates the amount and records an adjusting entry. Later, when the specific non-paying customer is identified, it writes off the account. The effect of the write off on the accounting equation is to _____. Multiple choice question. increase one asset and decrease another increase assets and stockholders' equity increase liabilities and decrease stockholders' equity reduce assets and stockholders' equity
The correct answer is option A. The effect of the write-off in the accounting equation is to increase one asset and decrease another.
What is a write off in accounting?This is a term that is used to refer to the removal of all accounts that are uncollectible for the general ledger of the business.
It is a write off when a person is not able to carry out all of the obligations that they are supposed to do.
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Judy's Boutique just paid an annual dividend of $2.35 on its common stock. The firm increases its dividend by 3.15 percent annually. What is the company's cost of equity if the current stock price is $38.44 per share
The company's cost of equity is 9.45%
Given that
Annual dividend paid, D0 = $2.35
Dividend growth rate, g = 3.15% = 0.0315
Current stock price per share = $38.44
Now,
Current price of share = D1 ÷ (r - g) -(1)
Here,
r is the required rate of return
D1 = dividend at year 1 = D0 × (1 + g)
= $2.35 × (1 + 0.0315)
= $2.424045
Therefore, from (1) we get
$38.44 = $2.424045 ÷ (r - 0.022)
(r - 0.0315) = 0.063060
r = 0.063060 + 0.0315
r = 0.09456
r = 0.0945 × 100% = 9.45%
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a certain value has a standardized score = 1.75. how many standard deviations from the mean does this value fall? is this value greater than or less than the mean?
Based on the fact that the value has a standardized score of 1.75, this means that the value is 1.75 greater than the mean.
What is a standardized score?The standardized score of a value is meant to show the value's position relative to the mean value of the data set.
A value with a standardized score of 1.75 is therefore 1.75 standard deviations above the mean.
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In response to ______ discrimination, congress passed the equal credit opportunity act.
In response to credit discrimination, congress passed the equal credit opportunity act. Read below about Equal Credit opportunity.
What is Equal Credit opportunity?The Equal Credit Opportunity Act (ECOA) is a United States law which was enacted on 28 October 1974.
What is the provision of the Equal Credit Opportunity Act?The act makes it unlawful for any creditor to discriminate against any applicant, with respect to any aspect of a credit transaction, on the basis of race, color, religion, national origin, sex, marital status, or age.
Therefore, the correct answer is as given above.
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What is the main benefit of the dsu for team members
The DSU is important for team members to out their thoughts and idea together.
What is Daily Stand-Up (DSU)?This is a particular time and place members of a team or organization meet to discuss and make critical decisions.
It helps them to organize their thoughts and ideas together.
Therefore, the DSU is important for team members to out their thoughts and idea together.
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