The political system that has centralized authority vested in offices and titles is the chiefdom
In non-industrial societies, a chiefdom is a type of hierarchical diplomatic structure that is often based on kinship and in which the legitimate senior members of particular families or "houses" hold formal authority. These elites make up a political-ideological aristocracy in comparison to the general populace.
A chiefdom is a sort of social organization that is more sophisticated than a tribe or band society but less complex than a state or civilization. This theory of cultural evolution serves as the foundation for this model of human social development. Chiefdoms are characterized by the concentration of authority and pervasive inequality. The elite and the commoner are two at least two hereditary social classes.
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Your textbook suggests that the choice of strategy for a multinational firm should be a cost/benefit analysis. On this basis, select a strategy from the options below and give an example of a specific company and why it should follow the selected strategy.
Localization strategy
Transnational strategy
International strategy
Global strategy
The right response is global strategy.
Why is international strategy crucial?With the aid of a global strategy, businesses can access markets in numerous nations and enjoy benefits that were previously unimaginable if they had stayed within their own borders. While there are various approaches to global strategy, each one can benefit both businesses and customers in the actual world.
What does global strategy mean in plain English?A global strategy is a plan to assist a business in evolving from an international enterprise (which sells goods or services in other nations) to a global enterprise (which runs facilities like factories and distribution centers around the world).
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The numbers of cars sold at a certain dealership on six of the last seven business days were 4, 7, 2, 8, 3, and 6, respectively. If the number of cars sold on the seventh business day was either 2, 4, or 5, for which of the three values does the average (arithmetic mean) number of cars sold per business day for the seven business days equal the median number of cars sold per day for the seven days?I. 2II. 4III. 5A) II onlyB) III onlyC) I and II onlyD) II and III onlyE) I, II, and III
The median is [tex]7+1/2 = 4[/tex]
4,7,2,8,3,6 automobiles were sold over the course of six days.
I. If there were two automobiles sold on the seventh day, the total number of cars sold over the course of the previous seven days would be 2,2,3,4,6,7,8
Therefore, mean is
[tex]2+2+3+4+6+7+8/7 = 32/7 =4.57[/tex]
Total number of values =7 (odd) then
the median is [tex]7+1/2 = 4[/tex]
value =4
When four autos are sold on the seventh day, Mean = Median III. If there were five automobiles sold on the seventh day, the total number of cars sold throughout the course of the previous seven days would be 2,3,4,5,6,7,8
Therefore, mean is[tex]2+3+4+5+6+7+8/7=35/7=5[/tex]
Total number of values =7 (odd) then
the median is[tex]7+1/2 = 4[/tex]
value =4 value =5
When there are five autos sold on the seventh day, Mean=Median.
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Which of the following is NOT a stage in the team development process?
Select one:
a. Forming
b. Storming
c. Norming
d. Taming
Taming is NOT a stage in the team development process. In the middle of the 1960s, Bruce W. Tuckman created the framework that is most frequently used to describe the stages of development of a team.
His descriptions of Forming, Storming, Norming, and Performing offer a helpful framework for analysing your own team. a team that is simultaneously working cooperatively and interdependently to achieve a particular set of objectives. The idea behind team development is straightforward in theory: gather a group of talented and motivated people and give them a task to framework. People who might not normally interact with one another are encouraged to do so through team building. It promotes collaboration, which boosts productivity.
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A company reported the following in its 2024 financial statements:
2024 Sales $ 439,000 Cost of goods sold: Inventory, January 1 78,000 Net purchases 326,000 Goods available for sale 404,000 Inventory, December 31 95,000 Cost of goods sold 309,000 Gross profit $ 130,000 A company's 2024 inventory turnover ratio is: (Round your answer to two decimal places.)
Multiple Choice
4.62.
3.25.
3.57.
5.08.
3)A company's 2024 inventory turnover ratio is 3.57.
The inventory turnover ratio is a measure of how quickly a company turns its inventory into sales. It is calculated by dividing the cost of goods sold by the average inventory over a given period of time. This
Calculate the Cost of Goods Sold (COGS)
COGS = Inventory, January 1 + Net purchases - Inventory, December 31
COGS = 78,000 + 326,000 - 95,000 = 309,000
Calculate the Inventory Turnover Ratio
Inventory Turnover Ratio = Cost of Goods Sold / Average Inventory
Average Inventory = (Inventory, January 1 + Inventory, December 31) / 2
Average Inventory = (78,000 + 95,000) / 2 = 86,500
Inventory Turnover Ratio = Cost of Goods Sold / Average Inventory
Inventory Turnover Ratio = 309,000 / 86,500 = 3.57
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Why the aggregate supply curve slopes upward in the short run In the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. Several theories explain how this might happen. For example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. Consider a soybean farmer who expects a price level of 100 in the coming year. If the actual price level turns out to be 90, soybean prices will , and if the farmer mistakenly assumes that the price of soybeans declined relative to other prices of goods and services, she will respond by the quantity of soybeans supplied. If other producers in this economy mistake changes in the price level for changes in their relative prices, the unexpected decrease in the price level causes the quantity of output supplied to the natural level of output in the short run. Suppose the economy's short-run aggregate supply (AS) curve is given by the following equation: Quantity of Output Supplied Quantity of Output Supplied = = Natural Level of Output+αÃ( Price Level Actual â Price Level Expected ) Natural Level of Output+αÃPrice LevelActualâPrice LevelExpected The Greek letter α α represents a number that determines how much output responds to unexpected changes in the price level. In this case, assume that α=$4 billion α=$4 billion . That is, when the actual price level exceeds the expected price level by 1, the quantity of output supplied will exceed the natural level of output by $4 billion. Suppose the natural level of output is $40 billion of real GDP and that people expect a price level of 100.
The aggregate supply curve has an upward slope in the short run because the quantity supplied increases as the price increases. In the near run, businesses only have one fixed factor of production. As the curve extends outward, real GDP and output both rise at a given price.
Why does the aggregate supply curve slope up in the short run but perfectly inelastic in the long run?According to the sticky pricing hypothesis, the short-run aggregate supply curve slopes higher because certain products' prices take longer than others to respond to changes in the general level of prices.
What causes the aggregate supply curve to have a short-term ascending slope but a long-term vertical slope?For instance, the slope of the short-run aggregate supply curve because it is economical for businesses to raise output as the price level rises because there is a lag between the pricing of resources and products. When a nation is at full employment, the aggregate supply curve over the long run is vertical.
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In intermodal transportation, which of the following describes the use of both rail and trucks for transportation? A) fishyback B) drawbar C) trainship D) piggyback
In intermodal transportation, piggyback describes the use of both rail and trucks for transportation. Hence, option (D) will be considered suitable.
Give a brief account on Intermodal freight transport.Intermodal freight transport entails moving cargo in an intermodal container or vehicle between different means of transportation (such as trucks, trains, ships, and airplanes) without handling the cargo itself. By minimizing cargo handling, the system enhances security, lowers the risk of damage and loss, and speeds up the delivery of freight. The main advantage for intercontinental use is lower prices compared to road trucking. Reduced road travel timings over shorter distances might make up for this. Prior to the development of the railways, intermodal transportation began in England in the 18th century. On the Bridgewater Canal in England in the 1780s, coal was shipped in some of the first containers. The first canals and railroads quickly began using coal containers, often known as "loose boxes" or "tubs," for road/rail transfers (road at the time meaning horse-drawn vehicles).
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the selling division will agree to a transfer price only if its profits (increase/decrease) as a result of the transfer, and the buying division will agree to the transfer only if its profits (increase/decrease) as a result of the transfer.
the buying division will agree to the transfer only if its profits (increase/decrease) as a result of the transfer increase, increase
Who benefits?
Profit is a term used to describe the financial benefit a business experiences when revenue surpasses costs and expenses. For instance, a cup of lemonade at a lemonade stand costs a child one quarter. The beverage is then purchased for $2. She sold the cup of lemonade for $1.75 in profit.
Why is profit such a big deal? What is it?
Revenues less expenses equals the company's profits. Profitability affects a company's capacity to obtain bank funding, draw in investors to fund its operations, and expand. If a business is not making a profit, it cannot survive.
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the company purchased inventory on account for $22,000 on october 12. terms of the purchase were 2/10, n/30. autumn uses the net method to record purchases. the inventory was shipped f.o.b. shipping point and freight charges of $500 were paid in cash.
A journal entry is a written record of events, observations, or experiences that is kept in a personal journal or diary. It can be a way for a person to reflect on their thoughts, feelings, and experiences, or to document their daily activities. Journal entries can be as simple as a few sentences describing an event or as in-depth as a detailed analysis of a complex issue. They can be written for personal reflection or as a way to document and organize information for future reference.
The calculation for the necessary adjusting entry would be:
Debit "Merchandise Inventory" = $19,060 - $22,000 = $2,940
Credit "Cost of Goods Sold" = $2,940
The missing part in the question is shown below.
The company purchased merchandise on account for $22,000 on October 12. Terms of the purchase were 2/10, n/30. James uses the net method to record purchases. The merchandise was shipped f.o.b. shipping point and freight charges of $500 were paid in cash.
On October 31, James paid for the merchandise purchased on October 12.
During October merchandise costing $18,000 was sold on account for $28,000.
It was determined that inventory on hand at the end of October cost $19,060
Part A
1. The company purchased merchandise on account for $22,000 on October 12. Terms of the purchase were 2/10, n/30. James uses the net method to record purchases.
2. The merchandise was shipped f.o.b. shipping point and freight charges of $500 were paid in cash.
3. On October 31, James paid for the merchandise purchased on October 12.
4. Record the sale of merchandise on account.
5. Record the cost of goods sold.
6. Record any necessary adjusting entry when the inventory on hand at the end of October cost $19,060.
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the standard labor rate to produce a piece of exercise equipment is $20 per hour. the standard number of direct labor hours (dlh) to produce this particular piece of equipment is 0.30 dlh; however, the ideal time to produce it is $0.25 dlh. thus, the standard direct labor cost to produce this equipment is $
The standard direct labor cost to produce this equipment is $5.
In a business context, cost refers to the amount of money that is required to produce a product or deliver a service. It can include direct costs, such as the materials and labor required to produce a product, as well as indirect costs, such as overhead expenses like rent and utilities. The total cost of a product or service is an important factor in determining the price at which it can be sold and the profit that the business will make. Companies often try to minimize their costs in order to increase their profit margins and remain competitive in the market.
To calculate the standard direct labor cost to produce this piece of exercise equipment, you need to multiply the standard labor rate of $20 per hour by the standard number of direct labor hours (DLH) of 0.30. This gives you a standard direct labor cost of $20 x 0.30 = $6.
The ideal time to produce the equipment is 0.25 DLH, which would result in a direct labor cost of $20 x 0.25 = $5. This means that the company could potentially save $1 in direct labor costs if they are able to produce the equipment in the ideal time.
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Bill spends his money on flowers and cookies so as to maximize his total utility. Both flowers and cookies start off costing $2 each. At that price, Bill buys three flowers and two cookies. When the price of flowers is lowered to $1, Bill buys eight flowers and one cookie. Which of the following statements about Bill's reaction to the price change is NOT true?
It is not true that Bill's total expenditure on flowers increased after the price change.
When the price of flowers was lowered from $2 to $1, Bill increased his quantity of flowers from three to eight, but he also decreased his quantity of cookies from two to one. As a result, his total expenditure on flowers did not necessarily increase.
Instead, the price change may have resulted in an increase or decrease in Bill's total expenditure depending on the relative changes in the quantities of flowers and cookies he bought, and the corresponding changes in the total cost of each item.
To determine the effect of the price change on Bill's total expenditure, we would need to calculate his total expenditure before and after the price change and compare the two.
A sales engineer has the following alternatives to consider in touring his sales territory A. Buy a 2-year old used car for $14,500. Salvage value is expected to be about $5000 after 3 more Maintenance and insurance cost is $1000 years in the first year and increases at the rate of $500/year in subsequent years. Daily operating expenses are $50/day. B. Rent a similar car for $80/day Based on a l2% after-tax rate of return, how many days per year must he use the car to justify its purchase? You may assume that this sales engineer is in the 28% incremental tax bracket. Use MACRS depreciation.
The car must be used for at least 209 days per year to justify its purchase. To answer this question, we must first calculate the annual expenses associated with the purchase of the car.
This includes the cost of the car, the salvage value, the maintenance and insurance costs, and the daily operating expenses.
The cost of the car is $14,500. The salvage value is expected to be $5,000 after 3 years. Maintenance and insurance costs are $1000 in the first year and go up by $500/year in subsequent years. Daily operating expenses are $50/day.
We can then use the MACRS depreciation schedule to determine the annual depreciation expense for the car. Using the 28% incremental tax bracket, the annual depreciation expense for the car is $4,872.
To calculate the total annual expenses associated with the purchase of the car, we must add the cost of the car, the salvage value, the maintenance and insurance costs, and the daily operating expenses. This comes to a total of $19,372.
Now, we can calculate the number of days per year the sales engineer must use the car to justify its purchase. To do this, we must divide the total annual expense ($19,372) by the daily rental cost ($80).
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Unions and employers who negotiate contracts have a duty to bargain in good faith. This means both sides must do all of the following except:
a. agree to meet at reasonable times
b. must be willing to make proposals
c. must explain reasons behind certain proposals
d. must consider proposals of the other party
e. all of the other choices are elements of good faith bargaining
E. All of the other choices are elements of good faith bargaining.
All of the answers that are offered are good bargaining elements because they comply with the existing rules.
Bargaining is a type of negotiation conducted by sellers and buyers to determine the price of an item. Meanwhile, distributive bargaining is a negotiation that seeks to share a fixed amount of resources, usually in a win-lose situation. Distributive bargaining differs from integrative bargaining, which is negotiation that seeks one or more settlements that can create a win-win or mutually beneficial solution.
For most people, distributive bargaining strategies and tactics are the cornerstone of negotiations. Many people are attracted to this view of negotiation and are looking for ways to learn and sharpen their bargaining skills; some people fall out of distributive bargaining and prefer to walk away instead of negotiating this way. They argue that distributive bargaining is old-fashioned, confrontational, and destructive.
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When an investor adds international stocks to his or her U.S. stock portfolio, Multiple Choice it will raise his or her risk relative to the risk he or she would face just holding U.S. stocks. he or she can reduce the risk of his or her portfolio. he or she will increase his or her expected return but must also take on more risk. it will have no impact on either the risk or the return of his or her portfolio.
Option b is correct. When an investor adds international stocks to his or her U.S. stock portfolio, he or she can reduce the risk of his or her portfolio.
A portfolio that concentrates on overseas markets rather than domestic ones is made up of stocks and other assets. An international portfolio can provide diversification and exposure to both emerging and developed markets if it is properly constructed.
An investor who wants exposure to the stocks of economies growing faster than the U.S. may find an international portfolio appealing.
By combining shares of some of the top performers in the industrialized world with emerging-market stocks, the risks of such a strategy can be minimized.
The investor might also take a look at some of the American businesses that are expanding quickly abroad.
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As a consumer consumes more and more of a product in a particular time period, eventually marginal utility
A) rises.
B) is constant.
C) declines.
D) fluctuates.
As a consumer consumes more of a product in a particular time period, eventually marginal utility declines.
The additional pleasure a consumer owns from having one extra unit of an item or service is known as marginal utility. Economists utilise the particular idea of marginal utility so as to estimate the quantity of a good that consumers will buy.
When the overall utility is increased by the consumption of an additional item, positive marginal utility happen. On the other side, negative marginal utility occurs when the overall utility is reduced by the consumption of one extra unit.
The concept of marginal utility is helpful in depicting how consumers choose products and services to maximise their financial resources. In general, as long as the marginal benefit exceeds the marginal cost, consumers will keep consuming more of goods. Price and marginal cost are identical in an efficient market.
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Water bottlers announce that next month the price of bottled water will rise by 25 percent. Which of the following occurs immediately?
a. The quantity of bottled water demanded increases.
b. The demand for bottled water increases.
c. The quantity of bottled water demanded decreases.
d. The demand for bottled water decreases
Water bottlers announce that next month the price of bottled water will rise by 25 percent. The demand for bottled water decreases. Thus, option d) is the correct answer.
What is demand in economics?
Demand in economics refers to a consumer's readiness to pay a certain price for products and services as well as their desire to buy them. Demand for a good or service often declines when its price goes up. The amount needed will rise as a product's price drops, in a similar manner.
Consumers and companies are quite familiar with the idea of demand since it makes sense and happens organically during the course of almost any day. For instance, when a product's pricing is low, shoppers who are keeping an eye on it will buy more of it. When costs increase, such as with a change in season, consumers may buy less or maybe nothing at all.
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The operations manager of a body and paint shop has five cars to schedule for repair. He would like to minimize the throughput time to complete all work on these cars. Each car requires body work prior to painting. The estimates of the times required to do the body paint work on each are as follows:
Body work Paint
Car (hrs) (hrs)
A 10 2
B 5 4
C 7 5
D 3 6
E 1 7
A 10 2
The estimates of the times required to do the body paint work on each are as follows 10 2.
Estimation (or estimating) is the technique of finding an estimate or approximation, that's a price this is usable for a few motive although input records can be incomplete, unsure, or risky. The fee is despite the fact that usable due to the fact it is derived from the first-class facts to be had.[1] typically, estimation includes "the use of the price of a statistic derived from a pattern to estimate the value of a corresponding population parameter".[2] The sample provides facts that may be projected, through various formal or informal procedures, to decide a range most probable to explain the lacking statistics.
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operating assets include blank______. multiple select question. equipment accounts receivable land held for investment inventory investments in bonds
Operating assets include: equipment, accounts receivable, inventory .
What is operating assets?Operating assets can be defined as those assets that add value to a company which implies that they are the assets that companies make use in the course of their day to day business operation.
This assets are what a company make use of to generate revenue or to make profit. Some of the operating assets are:
Fixed assetsAccount receivableInventory Equipment etc.Therefore the correct option is A, B,D.
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cost-based pricing systems invariably involve pricing products based on their full absorption costs.
This Statement is True. When we calculate cost-based pricing all the input and absorption costs keep together before calculating the profit margin.
In economics, absorption is the entire demand for all final marketed items and offerings by using all economic agents resident in an economy, no matter the foundation of the products and offerings themselves. as the absorption is equal to the sum of all regionally-produced goods ate up domestically and all imports, it is identical to national earnings [Y = C + I + G + (X - M)] minus the balance of exchange [X - M].
Absorption is the method by which the goods of digestion are absorbed by using the blood to be supplied to the relaxation of the frame. at some stage in absorption, the digested merchandise is transported into the blood or lymph via the mucous membrane. Absorption is executed with the aid of the following mechanisms. easy diffusion. The system of absorption means that a substance captures and transforms electricity. The absorbent distributes the cloth it captures at some stage as a whole and the adsorbent best distributes it via the surface. The system of gasoline or liquid which penetrate into the body of adsorbent is generally known as absorption.
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The importance of trans-Saharan trade, though slow to begin and supplemented by Indian Ocean trade, was that it
The importance of trans-Saharan trade, though slow to begin and supplemented by Indian Ocean trade, was that it. Connected North and South Africa.
Bodybuilding dietary supplements are nutritional dietary supplements typically utilized by the ones concerned in bodybuilding, weightlifting, combined martial arts, and athletics for the motive of facilitating an increase in lean body mass. Bodybuilding supplements may additionally include substances that are advertised to increase a person's muscle, body weight, athletic overall performance, and decrease someone's percentage body fat for desired muscle definition. a few of the maximum widely used are high protein beverages, pre-exercise blends, branched-chain amino acids (BCAA), glutamine, arginine, essential fatty acids, creatine, HMB, whey protein, ZMA, and weight loss products.
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An asset's _________ is the ease with which it can be converted quickly into themost widely accepted and easily spent form of money, cash, with little or no lossof purchasing power.a. financial flexibility b. Liquidity c. operating capability d. capital maintenance
An asset's Liquidity is the ease with which it can be converted quickly into the most widely accepted and easily spent form of money, cash, with little or no loss of purchasing power.
What is the simplicity of converting an asset into cash?
The ease with which a security or asset can be converted into available cash without impacting its market price is referred to as liquidity. Cash is the most movable asset; tangibles are less movable. Market and accounting liquidity are the two basic categories of liquidity.
An asset is considered to be liquid if it can quickly and easily be turned into cash. Liquid markets with high levels of demand and security are typically associated with liquid assets.
Therefore, In the current assets section of their balance sheet, businesses list liquid assets.
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the method is especially suited to natural resources (mines, quarries, sand, pits etc.) is said to be:
Depletion method is used for natural resources like mines, quarries, sand, pits etc.
Depletion is an accrual accounting method for allocating the cost of obtaining natural resources from the earth, including lumber, minerals, and oil.
Depletion is a non-cash expense, similar to depreciation and amortization, that gradually reduces an asset's cost value through regular charges to income. Depletion is different from wearing out of depreciable assets or aging life of intangibles in that it relates to the progressive exhaustion of natural resource sources.
To precisely determine the value of the assets on the balance sheet and record costs in the proper time period on the income statement, depletion is used for accounting and financial reporting purposes.
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roups such as human resources, information systems, purchasing agents, and maintenance are typically classified as:A. Project managersB. Administrative supportC. Functional managersD. Project sponsorsE. Customers
Groups such as human resources, information systems, purchasing agents, and maintenance are typically classified as: Administrative Support.
What is maintenance?The main scope of regular maintenance is to make sure that all equipment required for production is operating at full efficiency at all times. The 6 different types of Administrative Support are: Predicted maintenance, preventive maintenance, reactive maintenance, condition-based maintenance, predictive maintenance, reactive maintenance. Maintenance can generally be defined as efforts to keep a machine in the same condition and Administrative Support as when it was new.Maintenance work is basically divided into two parts: Planned and unplanned maintenance activities. Maintenance is scheduled, like an oil change, whereas service is when you need to fix or adjust something specific outside of the normal maintenance schedule. It's a really small difference, but important.To learn more about maintenance from the given link :
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Question:
Groups such as human resources, information systems, purchasing agents, and maintenance are
typically classified as:
A. Project managers
B. Administrative support
C. Functional managers
D. Project sponsors
E. Customers
if there were 10 firms in this market, the short-run equilibrium price of titanium would be $ per pound. at that price, firms in this industry would . therefore, in the long run, firms would the titanium market.
P QS-1 company QS-10 corporations QS-15 firms QS-20 companies
10 0 0 0 0
15 30000 300000 450000 600000
30 40000 400000 600000 800000
forty 45000 450000 675000 900000
70 55000 550000 825000 1100000
ninety 60000 600000 900000 1200000
If there had been 10 companies in this marketplace, the short-run equilibrium rate of titanium could be $40 in step with the pound. At that charge, firms in this industry could (earn a positive income). consequently, ultimately, corporations would (input) the titanium market.
Because those competitive corporations earn (zero) monetary profit in the end, you know the lengthy-run equilibrium price should be $30 consistent with the pound. From the graph, you can see that this indicates there can be (15) companies running within the titanium enterprise in a lengthy-run equilibrium.
The ultimate statement is:- false
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An asset was acquired on October 1, 2021, for $110,000 with an estimated five-year life and $35,900 residual value. The company uses units of production depreciation and expects the asset to produce 26,000 units. Calculate the gain or loss if the asset was sold on March 31, 2024. for $70,000. Actual production was: 2021 = 1,300 units; 2022 - 7,000 units; 2023 - 8,000 units: 2024 1700 units. 800 Multiple Choice $11.300 gain O $9.300 gain Oo oo $24,300 ein 25.340
If the asset were sold on March 31, 2024, based on the information provided, the gain or loss would be $11,300. The asset is a resource that you own or lease that is valuable and aids in the operation of your firm.
What asset do you refer to?
An asset is something that has value in both the now and the future. A piece of equipment, a financial instrument, or a patent are examples of assets that commonly provide cash flows in the future. Examples of personal property include houses, automobiles, investments, works of art, and household goods.
What kind of asset is that?
In addition to intangible elements like intellectual property rights, royalties, and other patents, assets also include tangible objects like machinery, real land, raw materials, and inventories.
Briefing:
Depreciation per units= (Original cost - Residual value) ÷ (Estimated production units)
Depreciation per units= ($110,000 - $35,900) ÷ 26,000 units
Depreciation per units= $74,100 ÷ 26,000 units
Depreciation per units= $2.85per units
Accumulated depreciation=(1300 units × $2.85)+( 7000units × $2.85)+(8000 units × $2.85)+( 1700 units × $2.85)
Accumulated depreciation= $3705 + $19950 + $22800 + $4845
Accumulated depreciation= $51,300,
Book value= Acquired value of an asset - Accumulated depreciation
Book value= $110,000 - $51,300
Book value= $58,700
Gain or Loss= Sale value - Book value
Gain or Loss= $70,000 - $58,700
Gain or Loss= $11,300 gain
Inconclusion the gain or loss if the asset was sold on March 31, 2024 is $11,300 gain.
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What are the advantages of having a checking account quizlet?
A checking account is a convenient way to pay your bills since it is safer than carrying cash, has an integrated record-keeping system, shows evidence of purchases, and allows you access to many other banking services.
What do you mean by checking account?
A checking account is a sort of bank account that enables simple deposits and withdrawals of cash for everyday use. For instance, you may use your debit card to withdraw cash, deposit a check you receive, or set up direct deposit to get your paychecks.Earn interest: Some checking accounts pay interest, so even when your money is just sitting in the account, it can increase. FDIC protection: You could be interested in a checking account if you've been storing your money in jars or beneath your mattress due to its security.Regular (basic) checking accounts, premium checking accounts, student checking accounts, senior checking accounts, interest-bearing accounts, business checking accounts, and rewards checking accounts are a few of the several types of checking accounts.To know more about Checking account here
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When a company does not have enough capacity to produce all of the products and sales volume demanded by their customers, this leads to keep or drop decisions volume trade-off decisions sell or process further decisions make or buy decisions
When a company does not have sufficient capacity to produce all the products and sales volumes that customers need, it leads to a volume trade-off decision.
Volume business decisions require choices that are made when a firm cannot satisfy the demand for all of its products and is forced to produce some of its products in quantities less than market demand. It is a volume exchange decision because the choice requires the exchange of units of one product.
Trade-offs occur when functions are incompatible. Simply put, trade means you need more of one thing for less of another. An airline can choose to serve meals—increasing costs and slowing gate times—or not, but it can't do both without significant inefficiencies.
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review problem 6.34 in your textbook. using the questions provided as a guide, explain how you think the performance report presented may impact the company. please review the posts of your classmates before responding to problem 6.34; discuss three weaknesses that are different than what your classmates' posted, or provide a different explanation as to why the item poses a weakness. to participate in follow up discussion, ask questions and post comments regarding classmates' posts, or respond to follow-up questions posted by the instructor. please include proper citations in your discussion post. points will be deducted if proper citations are not used.
The actual sales revenue, is contrasted with budgeted revenue.
What are operating expenses?a) 3 weakness in June performance report:-
The planned variable cost for the budgeted quantity is contrasted with the actual production variable cost.
b) Sara's comments to ken is based on Performance of Division. cara is convinced that department has not performed well during the month. Since the comments are based on performance of division ken is not corniced about it.
A flexible budget should be prepared to monitor pesformence of actual against same level of activities. A flexible budget performance report will give meaningful variance analysis.
4) Based on below flexible Budget performance report ken shall be convinced that his department. has not done well in comparison to a flexible budget. Sara's observations were so accurate, and Ken should accept criticism with grace and do his best to improve.
spritzer speciality furniture
Bookcase production performance report
for the month Ended June 30
Actual Flexible Budget Variance
Units 3000 3000 0
Sales Revenue $161000 $165000 $4000 U
Variable production expenses:
Direct material $23100 $24000 $900 F
Direct Labor $18,300 $18000 -$300 U
Over head $60,200 $61500 $1300 F
Fixed production expense:
Indirect labor $9400 $6000 $3400 U
Depreciation $5500 $5500 $0
Taxes $2400 $2300 -$100 U
Insurance $4500 $4500 $0
Administrative expense $12000 $9000 -$3000 U
Marketing expense $8300 $7000 -$1300 U
Research and development $6000 $4500 -$1500 U
Operating profit $11300 $22700 $11400 U
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laure is a major in the army. in august of 2021, her duty station changed from fort leavenworth in kansas to west point, new york. she drove 1,270 miles and spent $2,800 to move her household items. she made the drive in three days and had two nights in hotels at $100 per night. laure received $3,000 of reimbursement from the military. the moving expenses adjustment is . $0 $203 $2,800 $3,203
laure received $3,000 in reimbursement from the military. the moving expenses adjustment is $0.
An cost is an object requiring an outflow of cash, or any shape of fortune in preferred, to any other character or organization as charge for an item, service, or different category of costs. For a tenant, hire is an fee. for college students or dad and mom, lessons is an expense. shopping for food, garb, furnishings, or an automobile is regularly known as an expense. An cost is a price this is "paid" or "remitted", generally in alternate for some thing of value. some thing that seems to cost a fantastic deal is "high-priced". some thing that seems to fee little is "inexpensive". "prices of the desk" are costs for dining, refreshments, a feast, and many others.
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marianne has identified the target audience for her line of car floor mats and related accessories. for optimal success, she is creating an advertising plan that will
Marianne has identified her target market for her Russian jewelry line. For maximum success, she is developing an advertising plan that will specify the specific goals that the advertising is intended to achieve.
An advertising plan is a document designed to match the most effective message to your target audience. This article is meant to be a supplement to "Advertising Your Services," which describes key advertising concepts and includes additional pointers.
Ad plan outlines your company's strategy for gaining new customers and selling more goods and services. However, it also serves as a means of determining how successful your marketing efforts have been thus far.
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Discuss in terms of the Conceptual Framework (2018) and the Income Tax Act whether you agree with the recognition of the costs incurred to construct the additional parking space.
• Support your discussion with reasons and recommend the appropriate recognition if you disagree.
Under the Conceptual Framework (2018), costs incurred during the construction of an asset should be recognized as an expense when the asset is constructed if the cost is expected to be recovered through the use or sale of the asset. If the cost is not expected to be recovered through the use or sale of the asset, it should not be recognized as an expense.
What are the Conceptual Framework (2018) and the Income Tax Act?Generally, With regards to the cost of constructing an additional parking space, it would depend on the specific circumstances of the construction and the intended use of the parking space. If the parking space is being constructed as part of a larger development project, such as a shopping mall or office building, and it is expected that the cost of constructing the parking space will be recovered through the use or sale of the asset, then it would be appropriate to recognize the cost as an expense.
However, if the cost of constructing the additional parking space is not expected to be recovered through the use or sale of the asset, it would not be appropriate to recognize it as an expense. For example, if the parking space is being constructed for the personal use of an individual or for the use of a particular group of individuals, it would not be appropriate to recognize the cost as an expense.
In terms of the Income Tax Act, the recognition of the costs incurred to construct the additional parking space would depend on whether the construction of the parking space is considered to be a capital expenditure or a revenue expenditure. Capital expenditures are expenses that are incurred to acquire or improve a long-term asset and are typically recognized as assets on the balance sheet. Revenue expenditures are expenses that are incurred to maintain or repair an existing asset and are typically recognized as expenses in the period in which they are incurred.
In conclusion, the appropriate recognition of the costs incurred to construct the additional parking space would depend on the specific circumstances of the construction and the intended use of the parking space. If the cost is expected to be recovered through the use or sale of the asset, it would be appropriate to recognize it as an expense under the Conceptual Framework (2018). If the cost is not expected to be recovered through the use or sale of the asset, it would not be appropriate to recognize it as an expense. The recognition of the costs as either a capital expenditure or a revenue expenditure would depend on whether the construction of the parking space is considered to be an acquisition or improvement of a long-term asset or maintenance or repair of an existing asset.
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