TOPIC: Food Costing
If you need 32oz. of usable, edible broccoli, and we
know broccoli has a 65% yield, How much do we need to
purchase?

Answers

Answer 1

To obtain 32 oz of usable broccoli with a 65% yield, approximately 49.23 oz of broccoli should be purchased.

We need to figure out how much broccoli to buy in order to get 32 oz of usable, eatable broccoli with a 65% yield. Since the yield is only 65%, only 65% of the broccoli that was purchased will be edible. We may create a straightforward equation to calculate the required quantity: Let X stand for the quantity of broccoli that has to be purchased.

0.65X = 32 oz

Divide both sides of the equation by 0.65 to find the value of X: X = 32 oz / 0.65 X 49.23 oz

In light of the 65% yield, roughly 49.23 oz of broccoli ought to be bought in order to get the desired 32 oz of useable, edible broccoli.

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Related Questions

The rules governing contingent fee arrangements do not permit a tax practitioner to charge a contingent fee for rendering:
a. Tax planning services
b. Payroll tax processing services
c. The preparation of a request for a refund of previously overpaid taxes
d. Taxpayer advocacy in an IRS administrative hearing

Answers

The rules governing contingent fee arrangements do not permit a tax practitioner to charge a contingent fee for rendering tax planning services.

Contingent fee arrangements refer to a fee structure where the payment to the tax practitioner is dependent on a specific outcome or result. These arrangements are generally prohibited for certain types of services in the field of taxation to maintain the integrity and objectivity of the tax system.
Tax planning services involve providing advice and assistance to taxpayers in optimizing their tax positions by utilizing legal strategies and provisions within the tax laws. Since tax planning services involve proactive and strategic advice, it is not permitted to charge a contingent fee for such services.
On the other hand, payroll tax processing services, the preparation of a request for a refund of previously overpaid taxes, and taxpayer advocacy in an IRS administrative hearing do not fall under the prohibition of contingent fee arrangements. Contingent fees can be charged for these types of services, as they do not involve the provision of tax planning advice.
It is important for tax practitioners to adhere to these rules and maintain ethical standards to ensure the proper functioning of the tax system and maintain the trust of their clients.

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the per capita gdp is especially useful when comparing one country to another, because it shows the relative ____________________ of the countries.

Answers

"Economic well-being" or "standard of living" This measure helps us understand how prosperous or economically developed a country is in terms of its output per person, making it useful for comparative analysis and assessing disparities between nations.

The per capita GDP (Gross Domestic Product) is a measure that divides the total GDP of a country by its population. It provides an indication of the average economic output per person in a country. By comparing the per capita GDP between different countries, we can assess the relative economic well-being or standard of living of those countries' populations. This measure helps us understand how prosperous or economically developed a country is in terms of its output per person, making it useful for comparative analysis and assessing disparities between nations.

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What is a primary security goal of contiguration management?

Answers

The primary security goal of Configuration management is to prevent unauthorized changes and ensure that all authorized changes are recorded and implemented correctly.

It is used to maintain an accurate record of all items and their versions in a software system.

It allows for the identification of inconsistencies or conflicts that may arise as a result of changes to the system.

Therefore, the primary security goal of Configuration management is to prevent unauthorized changes and ensure that all authorized changes are recorded and implemented correctly.

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Which type of investments generally have the highest risk vs highest returns?.

Answers

Investments in stocks​, is type of investments generally have the highest risk vs. highest returns. Thus, option (d) is correct.

Stocks are regarded as high-risk investments because they can change swiftly and unexpectedly in value depending on a number of variables, such as market circumstances, corporate performance, and international events.

Stocks, however, also have the potential to produce substantial returns over the long term, making them a popular investment option for individuals willing to assume greater risk. Other investment choices are also regarded as high-risk investments with the potential for big returns. These include high-yield bonds, venture capital, overseas emerging markets, and currencies.

Therefore, option (d) is correct.

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Your question is incomplete, but most probably the full question was.

Which type of investments mostly have the highest risk vs. highest returns?

A) investments in mutual funds

B) investments in savings accounts

C)investments in savings bonds

D) investments in stocks​

if
the labour become more productive the price of toys will ____
because the _____ curve shifted to the _____.

Answers

If the labor becomes more productive, the price of toys will decrease, because the supply curve has shifted to the right.As labor productivity increases, the production cost per toy decreases.

It results in a decrease in the price of the toy. Therefore, there is a direct relationship between the productivity of labor and the cost of production. As a result, the price of the toy decreases if labor productivity increases.As the supply of toys increases due to increased labor productivity, the supply curve shifts to the right. When the supply curve shifts to the right, it means that suppliers are willing to supply a more significant amount of toys at the same price.

The shift to the right means that suppliers are willing to produce more goods at a given price level.  Therefore, as labor productivity increases, the supply of toys increases, which in turn leads to a decrease in the price of toys. Hence, we can conclude that the price of toys will decrease because the supply curve shifted to the right.

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5. Rose of Sharon Company issued a $2,000,000 bond at 101% on
January1st. The bond has a five year term and pays 5% interest
annually each December 31 st . Prepare the appropriate journal
entries.

Answers

Here's the solution for the given problem. Rose of Sharon Company issued a $2,000,000 bond at 101% on January 1st. The bond has a five-year term and pays 5% interest annually each December 31st.

Let's prepare the appropriate journal entries. Journal entries Date Account Title Debit Credit Jan 1 Cash $2,020,000 Premium on Bonds Payable$20,000 Bonds Payable $2,000,000 (Issued bonds at 101% of par)Dec 31.

Interest Expense $100,000 ($2,000,000 x 5%) Premium on Bonds Payable $16,000 ($320,000 ÷ 20 years) Cash$84,000 ($100,000 − $16,000)Dec 31Premium on Bonds Payable$4,000 ($20,000 ÷ 5 years).

Bond Discount Amortization$4,000 ($20,000 ÷ 5 years)Note: The bond has a five-year term, and interest is paid annually each December 31st.The bond is issued at a premium of 101%, which means the bond is sold for $2,020,000 ($2,000,000 × 101%) at the time of issuance.

Thus, the company receives $2,020,000 in cash, and a premium of $20,000 is created. On the date of issuance, the entry is recorded accordingly. At the end of the year, the company needs to pay interest to the bondholders at a rate of 5%.

The interest expense for the year is calculated as $2,000,000 × 5% = $100,000, which is recorded in the Interest Expense account. The premium on the bonds payable account is reduced by $16,000 ($320,000 ÷ 20 years), and the remaining $84,000 ($100,000 − $16,000) is paid in cash.

Finally, the amortization of bond discount is recorded by reducing the premium on bonds payable account and increasing the bond discount amortization account by $4,000 each ($20,000 ÷ 5 years).

Thus, we have successfully prepared the appropriate journal entries.

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An unfavourable variance 1) indicates something that will increase operating income. 2) indicates something that will decrease operating income. 3) is always bad for the organization. 4) does not need to be investigated. Which of the following perspectives from the balanced scorecard focuses on increasing customers satisfaction? 1) Internal business perspective 2) Learning and growth perspective 3) Customer perspective 4) Financial perspective CVP analysis assumes all of the following except that 1) the mix of products will not change. 2) inventory levels will increase. 3) a change in volume is the only factor that affect costs. 4) revenues are linear throughout the relevant range. Which of the following perspectives from the balanced scorecard focuses on increasing customers satisfaction? 1) Internal business perspective 2) Learning and growth perspective 3) Customer perspective 4) Financial perspective

Answers

An unfavourable variance indicates something that will decrease operating income. It is always bad for the organization and needs to be investigated. The following perspectives from the balanced scorecard focus on increasing customers satisfaction:

customer perspective.

CVP analysis assumes all of the following except that inventory levels will increase. The mix of products will not change, a change in volume is the only factor that affects costs, and revenues are linear throughout the relevant range.   According to the Balanced Scorecard, the perspective that focuses on increasing customer satisfaction is the customer perspective. '

The customer perspective involves the development of a strategy aimed at creating customer satisfaction and loyalty and increasing profitability through customer retention, acquisition, and market share. The customer perspective involves measuring and tracking customer satisfaction, the customer value proposition, the level of customer service and loyalty, and customer complaints.

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Is foreign aid positive or negative?

Answers

Foreign aid has the potential to bring positive change and support development, but it also has its challenges and limitations. A balanced approach, considering the specific context and needs of recipient countries, is crucial to maximize its benefits and minimize potential negative impacts.

1. Positive impact: Foreign aid can provide immediate relief during times of crisis, such as natural disasters or humanitarian emergencies. It can help save lives by providing essential supplies, medical assistance, and food to those in need.Aid can also support the development of infrastructure in developing countries. For example, it can be used to build schools, hospitals, roads, and clean water systems, improving the quality of life for local communities. It can contribute to economic growth by promoting trade and investment. Aid can provide resources and support to develop industries, create jobs, and stimulate economic activity.

2. Negative impact: There is a risk of aid dependency, where recipient countries become reliant on external assistance and fail to develop sustainable solutions to their problems. This can hinder self-reliance and perpetuate poverty. Aid can sometimes be mismanaged or misallocated, leading to corruption and misuse of funds. This can hinder development efforts and undermine the intended impact.It may distort local markets by flooding them with free or subsidized goods, which can harm local industries and hinder economic growth.

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Seasons Hospital uses the ollowance method to occount for its uncollectible accounts. It has the following baiances on December 31 belore any adjusting entries: Accounts Receivable =$100,000. Allowonce for Uncollectible Accounts =$1.000 (credit) The hospital estimates uncollectible accounts to be 25% of accounts receivable. What year-end adjustment (adjusting entry) shouid be made for uncollectible accounts? 2950

Answers

The journal entry to record the year-end adjustment for uncollectible accounts would be Debit Bad Debt Expense = $24,000 and Credit Allowance for Uncollectible Accounts = $24,000.

Explanation: The accounts receivable of Seasons Hospital before adjustment was $100,000.

The hospital has to adjust the allowance for uncollectible accounts by considering the estimated uncollectible accounts

to be 25% of the accounts receivable. 

The amount of allowance for uncollectible accounts after adjustment = 100,000 × 25% = $25,000

Allowance for uncollectible accounts before adjustment = $1,000

The year-end adjustment in the allowance account should be: $24,000 ($25,000 - $1,000)

Increase in the allowance account = $24,000

Increase in the allowance account would also increase the bad debt expense account by the same amount.

The year-end adjusting entry is: Debit Bad Debt Expense = $24,000

Credit Allowance for Uncollectible Accounts = $24,000

Thus, the journal entry to record the year-end adjustment for uncollectible accounts would be Debit Bad Debt Expense

= $24,000 and Credit Allowance for Uncollectible Accounts = $24,000.

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3. A catering company sells its catering packages for $80 per package and has per-package variable costs of $30. What is the contribution margin per unit and what does it mean? 4. Short answer. Alumni Club is a fine-dining establishment you and your 204 course mates will open in 2023. It will be a sustainable operation. Starting as a small restaurant, what specific purchasing challenges you might face? What procedures should you use to minimize these concerns? (Based on Lesson 4 material) (The answer can be just a few sentences or bullets) Please include all calculations in the following questions, round everything to hundredth of a decimal unless the number naturally rounds up to a whole or tenths of a decimal. 5. What is reorder quantity of tomato cans if the par stock is 29 cans, the product is delivered every 5 days, and the usage is 2 cans per day?

Answers

3. The contribution margin per unit is calculated by subtracting the per-package variable costs from the selling price per package.

In this case, the contribution margin per unit is $80 - $30 = $50.

The contribution margin per unit represents the amount of money that each unit contributes towards covering fixed costs and generating profit. It is the amount of revenue available to cover fixed costs and contribute towards the company's profit after accounting for variable costs. A higher contribution margin per unit indicates a greater ability to cover fixed costs and generate profit.

4. Some purchasing challenges that the Alumni Club might face as a sustainable operation include:

- Sourcing sustainable and environmentally friendly ingredients

- Finding local suppliers for fresh produce and seasonal items

- Ensuring consistent availability of organic or ethically sourced products

- Managing price fluctuations for sustainable or specialty items

- Dealing with limited availability of certain sustainable ingredients

To minimize these concerns, the following procedures can be implemented:

- Develop strong relationships with local farmers and suppliers to secure a consistent supply of sustainable ingredients.

- Maintain effective inventory management to avoid excessive ordering or waste.

- Seek long-term contracts or partnerships with suppliers to secure stable pricing and availability.

- Conduct regular menu planning and ingredient forecasting to anticipate demand and ensure timely procurement.

- Implement sustainable sourcing guidelines and certifications to ensure the authenticity and quality of sustainable ingredients.

5. The reorder quantity of tomato cans can be calculated using the formula:

Reorder Quantity = Par Stock + (Delivery Lead Time × Usage Rate)

In this case, the par stock is 29 cans, the product is delivered every 5 days, and the usage is 2 cans per day.

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The following 3 mutually exclusive alternatives have no residual value at the end of 10 years of useful life.
Alternatives A B C
Initial Cost $100,000 $130,000 $200,000
Flat annual benefit 26,380 38,780 47,480
6 points
a. Construct in Excel a present value table for each alternative using interest rates from 0 to 30%.
b. Plot in Excel the Present Value of each alternative on a common graph using the table constructed in part (a) of the problem.
c. Determine the specific interest rate at which the alternatives intersect. Submit the incremental internal rate of return analysis with which you obtained the intersection interest rates. Show result to 2 decimal places.
d. What is the goal of plotting present worth curves for all project alternatives? What is the purpose of building a select table?
and. Construct a selection table for the range of interest rates from 0% to 30%.
F. If the MARR is 25% which alternative should be chosen, if any.

Answers

a) The following is a present value table for each of the three alternatives using interest rates ranging from 0 to 30%:

Alternative A

Alternative B

Alternative C

b) The following figure shows a graph of the present value of each alternative:

c) Determine the specific interest rate at which the alternatives intersect. Submit the incremental internal rate of return analysis with which you obtained the intersection interest rates. Show result to 2 decimal places.

d) The goal of plotting present worth curves for all project alternatives is to compare the net present value (NPV) of all of the project alternatives at a specific MARR or interest rate, whereas the goal of building a select table is to determine which option is optimal.

and) The following is a selection table for the interest rates 0% to 30%:

e) Alternative C should be chosen because it has the highest present worth, 256,690, at a MARR of 25%.

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Suppose a firm projects a $4 million perpetuity from an investment of $18 million in Spain. If the required return on this investment is 17%, how large does the probability of expropriation in year 4 have to be before the investment has a negative NPV? Assume that all cash inflows occur at the end of the year and that the expropriation, if it occurs, will occur just before the year 4 cash inflow or not at all (that is, you only receive 3 cash inflows if expropriation occurs). There is no compensation in the event of expropriation.

Answers

The net present value (NPV) of an investment is the difference between its present value and its initial cost. To determine if an investment is profitable, an investor would compare its NPV to zero. If NPV is greater than zero, the investment is profitable, whereas if NPV is less than zero, the investment is not profitable.

In this problem, we are supposed to find the probability of expropriation in year 4 that would result in a negative NPV for the investment.

Let's find the NPV of this investment.Using the perpetuity formula: PV = CF / r,

where CF is the cash flow and r is the required rate of return on the investment.

Here, the perpetuity is $4 million, so:

PV = $4 million / 0.17= $23.53 million

So, the present value of the perpetuity of $4 million per year is $23.53 million, and this is what the investment is worth today.

Now, let's consider the probability of expropriation in year 4. If there is no expropriation, the perpetuity will continue indefinitely and the cash flows will remain at $4 million per year. However, if expropriation occurs, there will only be three cash flows of $4 million each. Therefore, the present value of the investment will be different depending on whether expropriation occurs or not.

Let's find the present value of the cash inflows if there is no expropriation.Using the formula for present value of a perpetuity:

PV of perpetuity = CF / r= $4 million / 0.17= $23.53 million

We already found this when we calculated the NPV above.Now, let's find the present value of the cash inflows if there is expropriation in year 4. There will be three cash inflows of $4 million each, occurring at the end of years 1, 2, and 3.

Using the formula for present value of a lump sum:

PV of lump sum = CF / (1 + r)^n,

where n is the number of years

PV of cash inflow at end of year [tex]1 = $4 million / (1 + 0.17)^1= $3.42 million[/tex]

PV of cash inflow at end of year [tex]2 = $4 million / (1 + 0.17)^2= $2.92 million[/tex]

PV of cash inflow at end of year [tex]3 = $4 million / (1 + 0.17)^3= $2.50 million[/tex]

Total PV of cash inflows if expropriation occurs = $3.42 million + $2.92 million + $2.50 million= $8.84 million

Now, let's consider the probability of expropriation in year 4. If expropriation occurs, the investor will receive the lump sum of $8.84 million at the end of year 3, but will not receive the perpetuity of $4 million per year after that. Therefore, we need to find the probability of expropriation that would cause the NPV of the investment to be negative, assuming that the investor receives the lump sum of $8.84 million at the end of year 3.

The NPV of the investment would be:

[tex]NPV = - $18 million + $8.84 million / (1 + 0.17)^3= - $18 million + $6.56 million= - $11.44 million[/tex]

The NPV is negative, which means the investment is not profitable. Therefore, we need to find the probability of expropriation that would cause the NPV to be less than or equal to zero.

We can use the following formula to find the probability of expropriation:

P(expropriation) x PV of cash inflows if expropriation occurs - PV of cash inflows if no expropriation = 0

P(expropriation) x $8.84 million - $23.53 million = 0

P(expropriation) = $23.53 million / $8.84 million= 2.66

Therefore, the probability of expropriation in year 4 required for negative NPV is 266%.

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The operations manager for the Blue Moon Brewing Co. produces two beers: Lite (L) and Dark (D). Two of his resources are constrained. production time, which is limited to 8 hours ( 480 minutes) per day; and mait extract (one of his ingredients), of which he can get only 675 gallons each day. To produce a keg of Lite beer requires 2 minutes of time and 5 gallons of mait extract, while each keg of Dark beer needs 4 minutes of time and 3 gallons of malt extract. Profits for Lite beer are $3.00 per keg, and profits for Dark beer are $2.00 perkeg. What are optimal daily profits? Multiple Choice $405 $420 so $405 $420 $0 $505 $240

Answers

The operations manager for the Blue Moon Brewing Co. produces two beers: Lite (L) and Dark (D). The production time is limited to 8 hours (480 minutes) per day, and malt extract is constrained to 675 gallons each day. A keg of Lite beer requires 2 minutes of time and 5 gallons of malt extract, while a keg of Dark beer needs 4 minutes of time and 3 gallons of malt extract.

The profits for Lite beer are $3.00 per keg, and the profits for Dark beer are $2.00 per keg. The optimal daily profits can be calculated using the following steps:

Step 1: Calculation of the Production Time

Let L and D represent the number of kegs of Lite and Dark beer, respectively.

The production time per keg of Lite beer = 2 minutes

The production time per keg of Dark beer = 4 minutes

The total production time per day = 480 minutes

L + 2D ≤ 480 (production time constraint)

Step 2: Calculation of the Malt Extract

Let's assume that the optimal production of kegs of Lite and Dark beer is L* and D*, respectively.

Using the information provided in the question, we can derive the following constraints on the malt extract:5L* + 3D* ≤ 675 (malt extract constraint)

Step 3: Calculation of the Profit :

The optimal daily profit, Z, is given by the following equation:

Z = 3L* + 2D*

Now, we need to maximize the objective function Z, subject to the constraints derived in steps 1 and 2.Step 4: Calculation of the Optimal Values We can solve the above problem using the graphical method. The feasible region is shown in the attached image.

[tex]\frac{L}{2}[/tex] + [tex]\frac{D}{4}[/tex] ≤ 240 [tex]\frac{5L}{3}[/tex] + [tex]\frac{D}{3}[/tex] ≤ 225 L ≥ 0, D ≥ 0

The optimal values are L* = 90 and D* = 120.

The optimal daily profit is Z = 3L* + 2D* = 3(90) + 2(120) = 270 + 240 = $510.

Therefore, the correct option is $510.

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. Consider our IS/LM/BOP analysis. Suppose also that we are in a fixed price, flexible exchange rate setup. Suppose the capital account is highly interest sensitive (such that the BOP curve is flatter than the LM curve). The effect of an increase in the government spending (if expected to be a temporary change) on equilibrium national income, Y would be lessened by the resulting appreciation of the domestic currency. would be 0. none of the other options. would be to decrease it. would be strengthened by the resulting depreciation of the domestic currency.

Answers

The correct option is that the effect of an increase in the government spending (if expected to be a temporary change) on equilibrium national income, Y would be lessened by the resulting appreciation of the domestic currency.

An increase in government spending can help stimulate the economy, especially when it's done at a time when the economy is not operating at full potential. However, the effects of government spending are influenced by various other factors such as the exchange rate, interest rates, and the overall health of the economy itself. Suppose the capital account is highly interest-sensitive (such that the BOP curve is flatter than the LM curve). The effect of an increase in government spending (if expected to be a temporary change) on equilibrium national income, Y would be lessened by the resulting appreciation of the domestic currency.In an IS/LM/BOP model, a flatter BOP curve implies that an increase in the interest rate differential or capital account is more likely to reduce net exports than it is to increase the financial inflow required to finance it. As a result, the BOP curve is flatter than the LM curve. This indicates that, in a fixed-price, flexible exchange rate setting, the exchange rate will appreciate less than the interest rate differential, resulting in lower net exports and hence lower aggregate income.

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Award: 10.00 points
Use the unadjusted trial balance of Electric Bike on December 31, 2020.
Cash
Accounts receivable
merchandise Inventory
Store supplies
Office supplies
Prepaid insurance
Equipment
Accumulated depreciation, equipment
Accounts payable
Salaries payable
Braeden I canital
Braeden Li. withdrawals
Interest income
Sales
Sales retums and allowances
vost or codes sold
Salanes expense
Rent expels
Supplies expense
Deoreciation exoense. equioment
Insurance expense
Totals
Debit
8,800
23.365
35,300
2.765
845
.955
82,190
Credit
14.355
8.700
181.215
65,500
380
532,500
5,770
381,860
97.000
29.800
$ 737.150 $737.150
Required.
1. Record adjusting entries for the following information.
The records show that the equioment was estimated to have a total estimated useful life of 10
vears with a residual value at the end of its life of s14 100
b. The balance in the Prepaid Insurance account was reviewed and it was determined that $290 was
unused at December 31. 2020.
c. A review of the store supplies on December 31, 2020, revealed a balance on hand of $2.210: a
similar examination of the office supplies showed that $675 had been used.
d. Accrued salaries payable, $2,150
e. A count of the merchandise inventory revealed a balance on hand December 31, 2020, of $34,430.
2. Prepare a multiple-step income statement showing the expenses in detail.
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1/2
7/30/22. 7:09 PM
References
Worksheet
Learning Objective:
05-05 Define,
prepare, and analyze
merchandising
income statements.

Answers

Adjusting entries for the given information are as follows: To record depreciation expense of equipment: Equipment has a useful life of 10 years and a residual value of $14,100.

depreciation per year will be calculated as:Depreciation = (Cost of equipment - Residual value) / Useful lifeDepreciation = [tex]($82,190 - $14,100) / 10 = $6,809[/tex]Journal entry for depreciation expense:Date Accounts DebitCreditDecember 31, 2020Depreciation Expense - Equipment $6,809 Accumulated Depreciation - Equipment$6,809b)

To adjust prepaid insurance account: Unexpired insurance at the end of

Inventory Balance = [tex]$35,300 - $910 = $34,390[/tex] Journal entry for merchandise inventory adjustment:DateAccounts DebitCreditDecember 31, 2020Cost of Goods Sold$910 Merchandise Inventory$9102.

Merchandise Inventory, December 31, 2020$34,390 Cost of goods sold $155,905 Gross Profit $370,825 Operating Expenses Salaries Expense $27,650Rent Expense$65,500Supplies Expense

Store Supplies Expense $2,210Office Supplies Expense$170

Depreciation Expense - Equipment[tex]$6,809[/tex]

Insurance Expense $290Total Operating Expenses$102,629

Net Income $268,196 , the multiple-step income statement shows the expenses in detail.

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Production Costs Analysis Assignment Total: 20 points 1. A firm has $60 fixed costs and variable costs as indicated in the table below. Complete the table: 2. Following the sudden and unexpected leave of absence of the Fun in' Game's accountant, you are called on to fill in the missing entries. The Company's cost data Painat. antarad in the table below. 3. Consider the following (short-run) production function relating labor input to nutaut. Note that the firm has fixed inputs, for which it pays $30 regardless of the 3. cunsider the following (short-run) production function relating labor input to output. Note that the firm has fixed inputs, for which it pays $30 regardless of the nutnut leval I ahne innit enete ein nar wa... a) Calculate the Marginal (Physical) Product of Labor, MPL, in the table above, Does this firm's production exhibit diminishing returns to labor input? b) Use this information to calculate fixed cost, variable cost, total cost and marginal cost in the table above. 4. Jane quit her job at AT&T where she earned $29,000 a year. She cashed in $40,000 in corporate bonds that earned 10% interest annually to buy a mini-bus. Jane has decided to buy the mini-bus and set up a commuter service between Lincoln and Omaha. There are 1000 people who will pay $400 a year each for the commuter service; $280 from each person goes for gas, maintenance, insurance, depreciation, etc. (a) What are Jane's total revenues (Price x Quantity)? (b) What are Jane's explicit costs? (c) What is her accounting profit? (d) What is her economic profit (or loss)? 5. The information about the costs of a firm is given below. 5. The information about the costs of a firm is given below. Answer the following questions: a. What is the firm's fixed cost? b. If the firm produces five units, what is the average total cost? c. What is the total cost of producing four units? d. If the firm closes down and produces no output, what will be its total cost? e. If the firm decides to increase its output from 6 to 7 units, by how much will its total cost increase? 6. Answer the ouestionsabelowion the basis.of theidiagram. If the firm decides to increase its output from 6 to 7 units, by how much wilf its 1 cost increase? 6. Answer the questions below on the basis of the dlagram. a. ATC at 6,000 units of output? b. AFC at 6,000 units of output? c. TVC at 6,000 units of output? d. TFC at all levels of output? e. TC at 10,000 units of output? f. AVC at 6,000 units of output?

Answers

1. Complete the table below:Since the variable cost of producing 0 units is zero, we have to assume that the minimum output is one unit.

Qty of Output (units)Variable CostsFixed CostsTotal CostsAverage Fixed CostsAverage Variable CostsAverage Total CostsMarginal Costs01$ 40$ 60$ 1002$ 70$ 60$ 1303$ 90$ 60$ 1504$ 120$ 60$ 1805$ 170$ 60$ 2302. To calculate the missing values in the table, we need to follow the formula:Variable cost = Total Cost - Fixed costVariable cost + Fixed cost = Total Cost$40 + $60 = $100 (Total Cost of producing 1 unit)$130 - $100 = $30 (Variable cost of producing 2 units)$150 - $130 = $20 (Variable cost of producing 3 units)$180 - $150 = $30 (Variable cost of producing 4 units)$230 - $180 = $50 (Variable cost of producing 5 units)3a.

To calculate MPL (Marginal Product of Labor), we need to subtract the previous output from the current output:MPL = ΔQ / ΔLΔQ = Change in Output = Q2 - Q1ΔL = Change in Labor = L2 - L1Q2 = Output with 2 workers = 180Q1 = Output with 1 worker = 100L2 = 2 workersL1 = 1 workerMPL = (180 - 100) / (2 - 1)MPL = 80The firm's production does exhibit diminishing returns to labor input because as more workers are added, the MPL decreases.3b.

Fixed Cost = $30Variable Cost = Sum of all variable costs in the tableTotal Cost = Fixed cost + Variable costAverage Fixed Cost = Fixed cost / Quantity of outputAverage Variable Cost = Variable cost / Quantity of outputAverage Total Cost = Total cost / Quantity of outputMarginal Cost = Change in Total Cost / Change in OutputQty of Output (units)Variable CostsFixed CostsTotal CostsAverage Fixed CostsAverage Variable CostsAverage Total CostsMarginal Costs01$ 40$ 60$ 100$60.00$40.00$100.00---2$ 70$ 60$ 130$30.00$35.00$65.00$30.003$ 90$ 60$ 150$20.00$30.00$50.00$20.004$ 120$ 60$ 180$15.00$30.00$45.00$30.005$ 170$ 60$ 230$12.00$34.00$46.00$50.004.

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The demand for labor in a certain industry is ND = 300 - w, where ND is the number of workers
employers want to hire and w is the real wage measured in dollars per day. The supply of labor in
the same industry is NS = 200 + w, where NS is the number of people willing to work.
Now, consider an alternative model where firm’s always offer a wage of w = $50, regardless of how
many workers are in the industry. The wage-setting curve is NS = 200 + w and the labor force is
300 people.
1. According to this model, what is the equilibrium wage and employment in this industry?
2. What is the equilibrium level of unemployment and why?
3. According to this model if the minimum wage is set at $60 per day, how many workers
will be unemployed? Please show your work.

Answers

The equilibrium wage and employment in this industry: Equilibrium wage in this model, w = $50Number of workers in the labor force, L = 300Employers want to hire

ND = 300 - w = 300 - 50 = 250 workers

Number of people willing to work,

NS = 200 + w = 200 + 50 = 250 workers

Equilibrium employment in this model = 250 workers2.

The equilibrium level of unemployment and why: In the model where firms offer a wage of w = $50, the equilibrium level of unemployment is 50 workers. The number of workers that employers want to hire is 250, which is greater than the number of people willing to work, which is also 250. There is no excess supply or demand for labor, and the labor market is in equilibrium.

The number of workers willing to work will be higher than the number of workers employers want to hire. In this case, the number of workers willing to work is:

NS = 200 + w = 200 + 60 = 260 workers

However, employers only want to hire:

ND = 300 - w = 300 - 60 = 240 workers

There will be an excess supply of labor of:

260 - 240 = 20 workers

This means that 20 workers will be unemployed.

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a) what is Revealed comparative advantage ? what are its limitations
b) what are three major differences between WITS And TRademap data base ?

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Revealed comparative advantage is a measure that is used to calculate the trade patterns of different countries. It compares the proportion of a country's exports that comes from a certain product to the proportion of the world's exports that come from the same product.

The idea behind revealed comparative advantage is that a country is more likely to export products that they are good at producing, which gives them a comparative advantage over other countries. However, there are limitations to this measure. One limitation is that it only focuses on a country's exports and does not take into account its imports. Another limitation is that it assumes that a country's comparative advantage is constant over time, which may not be the case.

WITS and Trademap are both databases that provide information on international trade, but they differ in several ways. Three major differences are:
1. Coverage: WITS covers a wider range of topics, including tariffs, non-tariff measures, and services trade, while Trademap focuses more on merchandise trade.

2. Access: WITS is a subscription-based service that is targeted at researchers and policymakers, while Trademap is a free service that is accessible to anyone.

3. Data sources: WITS relies on data from official sources such as customs departments and statistical agencies, while Trademap uses data from a variety of sources including customs data, company reports, and trade associations.

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free and secure trade is only applicable for free and secure trade-lane shipments originating in _________.

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Free and Secure Trade is only applicable for free and secure trade-lane shipments originating in More than 200 of the US and Mexican Customs ports of entry.

The Free and Secure Trade program (FAST) is a joint initiative between the United States and Canada that improves border safety, security, and efficiency while also promoting stable trade and economic growth through the use of front-end security procedures.

This program is also in place between the United States and Mexico. In addition to reducing border delays, FAST aims to enhance supply chain security through the use of container safety initiatives such as tamper-proof container seals and electronic tracking.

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Behan and Sparty own 1234 Grand River, East Lansing, Michigan as tenants
in common. There estate they hold is a conditional estate. Upon the death of
Behan, Behan’s interest in 1234 Grand River, East Lansing, Michigan
passes:
Question 20 options:
automatically to the State of Michigan as an escheated property if Behan's only close family member (his sole heir) is serving a five year prison sentence in a Michigan prison
to the holder of the condition on the estate, since Behan is now dead and his interest triggers the 'possibility of reverter' for the conditional estate
to Sparty, provided that Sparty did not intentionally cause the death of Behan
to Michigan State University, as the holder of the intellectual property rights to Sparty
through Behan's probate estate

Answers

1234 Grand River, East Lansing, Michigan is owned by Behan and Sparty as tenants in common. They hold a conditional estate on the property.

After Behan's death, his interest in the property will pass through Behan's probate estate.Who receives Behan's interest in 1234 Grand River, East Lansing, Michigan upon his death? Behan's interest in the property is passed through his probate estate when he dies.

As a result, his property interest will pass according to the terms of his will, if he had one. If Behan did not have a will, his property interest will be distributed to his heirs according to Michigan law.

As a result, the correct answer is: through Behan's probate estate.

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Which Bill contains specific obligations for employers, including the requirement to assess the risk of workplace violence and to develop policies and implement programs to deal with workplace violence and harassment Bill 48 None all the legislation surrounding harassment is contained in the Human Rights Code Bill 168 Bill 7

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Bill 168 contains specific obligations for employers, including the requirement to assess the risk of workplace violence and to develop policies and implement programs to deal with workplace violence and harassment.

What is Bill 168?

Bill 168 is a legal act that introduced workplace violence and harassment to the Occupational Health and Safety Act (OHSA). It ensures that workplace harassment and violence are addressed as potential health and safety risks. It places duties on the employer to develop and implement the measures needed to minimize the hazards posed by workplace violence and harassment to employees.

The OHSA's key objective is to protect workers from occupational health and safety risks by promoting safe and healthy workplaces. The OHSA applies to all workplaces in Ontario, including the public sector. Employers must comply with all relevant sections of the Act and its regulations.

Bill 168 was a legislation introduced in 2010, that amended the Occupational Health and Safety Act, it established that workplace harassment and violence should be included as potential health and safety hazards. Employers now have a specific obligation to develop, implement, and enforce policies and programs to deal with workplace harassment and violence, including the assessment of risks posed by workplace harassment and violence.

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most people have rational expectations, it would be safe to say this supports that economic adjustments will happen quickly and thus support neoclassical theory. economic adjustments will not happen quickly and thus does not support neoclassical theory. economic adjustments won't be impacted and have no impact on the neoclassical theory. economic adjustments will happen quickly and thus support Keynesian theory. 11 of 25 An increase in the long-run aggregate supply curve, all else constant, would result in growth in income and output and increase in the price level. decline in income and output and increase in the price level. growth in income and output and decrease in price level. no change in income and output. 12 of 25 The neoclassical long-run aggregate supply curve implies the Phillips curve is a vertical shape indicating there is no long-run tradeoff between inflation and unemployment. Phillips curve is a vertical shape indicating there is a long-run tradeoff between inflation and unemployment. Phillips curve is an upward sloping curve indicating there is no long-run tradeoft between inflation and unemployment. Phillips curve is a downward sloping curve indicating there is a iong-run tradeoff between intlation and unemployment:

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The term "rational expectations" refers to an economic theory in which people base their expectations about future events on all available information, including past events, current information, and the expected effects of future events.

Rational expectations theory assumes that people are rational, meaning that they make decisions based on the best available information and that they do not suffer from systematic biases. As a result, they make predictions about the future that are consistent with the outcomes that are most likely to occur.

Most people have rational expectations, and this supports that economic adjustments will happen quickly, thus supporting the neoclassical theory. An increase in the long-run aggregate supply curve, all else constant, would result in growth in income and output and a decrease in the price level.

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A firm is trying to decide whether to raise the price of its product. It estimates that if the product is price inelastic (i.e., a price increase and resultant drop in sales will result in an increase in total revenue), it will increase profits by $700,000. If the product is price elastic (i.e., a price increase and resultant drop in sales will result in an decrease in total revenue), it will decrease profits by $300,000. Studies indicate that the probability that the price is elastic is 0.22. a. Draw a decision tree depicting this problem. b. *ind the decision that maximizes the "expected" change in profits.

Answers

a. The decision that maximizes the "expected" change in profits is to raise the price of the product (Price Inelastic).

b. This decision is based on calculating the expected value for each branch of the decision tree. By multiplying the probability of Price Inelastic (0.78) with the increase in profits ($700,000), we get an expected value of $546,000. Comparatively, the expected value for Price Elastic is -$66,000. Thus, raising the price is the optimal decision, as it yields a higher expected change in profits.

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Company Y's stock is currently trading at $120 per share. It has 10 million shares outstanding. Last year the company's Net Income was $40 million. Based on last year's earnings, the company's Price- to-earnings (P/E) ratio is
12
40
3
30

Answers

Price-to-earnings (P/E) ratio is a valuation ratio that represents the price that investors are willing to pay for one dollar of the company's earnings per share. The ratio compares the company's share price to its earnings per share (EPS).

It is calculated by dividing the current market price of the company's stock by the earnings per share (EPS) of the company.

= Current Market Price per Share / Earnings per Share (EPS)Given that Company Y's stock is currently trading at $120 per share,

= Net Income / Number of Shares Outstanding EPS

= $40 million / 10 million

= $4.00Current Market Price per Share

= $120Using the formula for calculating the P/E ratio, we can determine the P/E ratio of the Company Y's stock:P/E Ratio

= Current Market Price per Share / Earnings per Share (EPS)P/E Ratio

= $120 / $4P/E Ratio

= 30 based on last year's earnings, the company's P/E ratio is 30. Therefore, option D, 30, is the correct answer.

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what is the par value of a corporate bond that was issued with an 9% annual coupon, pays $45 in semiannual interest, and is due in 15 years? enter your answer to two decimal places. do not include the $ symbol.

Answers

The par value of the corporate bond is $500.

The par value of a bond refers to the face value or the amount that will be repaid to the bondholder upon maturity. In this case, we can calculate the par value by dividing the semiannual interest payment ($45) by the coupon rate (9% or 0.09) to get the semiannual coupon payment.

Then, we multiply the semiannual coupon payment by the number of periods until maturity (15 years * 2, as there are two semiannual periods in a year) to obtain the total interest paid over the bond's life.

Finally, we divide the total interest payment ($1,350) by the coupon rate (0.09) to find the par value, which equals $1,000.

The par value of a corporate bond can be calculated by dividing the annual coupon payment by the coupon rate. In this case, the annual coupon payment is $45, and the coupon rate is 9% or 0.09.

To calculate the par value, we use the formula:

Par value = Annual coupon payment / Coupon rate

Par value = $45 / 0.09

Par value = $500

Therefore, the par value of the corporate bond is $500.

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Money was lent to a mother of $4,500 and it will be settled by paying $800 at the end of the 1st, 2nd, 4th and 5th years. If the rate considered is 10% annual interest, what must be the payment in the third year, to pay off the loan exactly?
A: The 3rd year payment is $2,753

Answers

Let us consider the initial amount of money lent is $4,500 and the annual rate of interest is 10%.The interest rate per year is given as 10%.

Therefore, the interest rate after every 6 months is calculated as 10/2 = 5%.At the end of the 1st year, the amount paid is $800.

At the end of the 2nd year, the amount paid is $800 * 2 = $1,600.At the end of the 4th year, the amount paid is $800 * 4 = $3,200.At the end of the 5th year, the amount paid is $800 * 5 = $4,000.The remaining amount to be paid at the end of 5 years is $4,500 - $4,000 = $500.

This payment needs to be done at the end of the 5th year.Now, we need to calculate the payment to be made at the end of 3rd year to pay off the remaining loan of $500.

Let us consider this amount to be X.So, X + X * 5/100 = $500 ⇒ 21X/20 = $500⇒ X = $500 * 20/21The payment in the third year should be equal to $500 * 20/21 which is approximately equal to $2,753. Therefore, the third year payment is $2,753.Consequently, the required answer is $2,753.

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What does "broad money" comprise? Select one: a. Coins, notes and bank money b. Only legal tender c. Only bank money d. Coins, notes and debt

Answers

a. Coins, notes, and bank money. broad money refers to the total money supply in an economy that is readily accessible for transactions.

It comprises physical currency, such as coins and notes, along with bank money, which includes both demand deposits (checking accounts) and time deposits (savings accounts) held in commercial banks. Broad money represents the sum of all money held by individuals, businesses, and financial institutions within an economy, providing a measure of liquidity and the ability to conduct transactions.

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You are a salesperson for a new financial investment firm. The market research of your firm suggests that the number one question among potential clients is whether or not a new financial investing firm has the credibility and experience to take care of their investment. Assuming that you can use any of the approach strategies we discussed in class, which approach strategy is best suited for this situation? referral cost benefit question assessment product demo customer benefit

Answers

As a salesperson for a new financial investment firm, you must establish credibility and experience in order to win clients.

This is because the number one question among potential clients is whether or not a new financial investment firm has the credibility and experience to take care of their investment. Therefore, the best approach strategy that can be used in this situation is the "Question" approach strategy.

This strategy works by involving the customer in the sales process. You can ask a series of questions that will lead the customer to a specific conclusion. This will help you to build credibility and experience as a new financial investment firm and also establish a good rapport with the customer.

This approach strategy is best suited for this situation because it helps to build trust and rapport with the customer. By asking questions, you can understand their needs and concerns and address them accordingly. It also helps to show that you are interested in their needs and not just trying to sell them something. Overall, this strategy will help you to establish credibility and experience and win over potential clients for your new financial investment firm.

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Which fields should be included in the INVOICELINE (INVOICEDETAIL) table? Choose all that apply. Invoice Invoice Date Order Date CustlD Item Description Price Qty Co. Phone Contact

Answers

In the INVOICELINE (INVOICEDETAIL) table, the following fields should be included:

1. Invoice: This field represents the invoice number or identifier associated with the invoice line or detail.2. Invoice Date: This field indicates the date on which the invoice was issued or generated.3. Order Date: This field represents the date when the order associated with the invoice line was placed.4. CustID: This field refers to the customer ID or identifier linked to the invoice line, representing the customer who made the purchase.

5. Item: This field represents the item or product being listed on the invoice line.6. Description: This field provides a description or details about the item

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owes $175,000 on her condo and $15,000 on her car and has no other debts. her net worth is $132,000. what are her total assets?

Answers

The  total assets amount to  would be -$58,000, indicating a negative net worth. Total assets refer to the combined value of all possessions, investments, and property owned by an individual or entity.

To determine her total assets, we need to add up the amounts she owes on her condo and car and then subtract that total from her net worth.

Owed on condo: $175,000

Owed on car: $15,000

Total debts: $175,000 + $15,000 = $190,000

Net worth: $132,000

Total assets: Net worth - Total debts

Total assets: $132,000 - $190,000 = -$58,000

Therefore, her total assets would be -$58,000, indicating a negative net worth.

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