The correct answers to the question are a) all members of the board of governors, and d) five of the regional federal reserve bank presidents.
The Federal Open Market Committee (FOMC) is the monetary policymaking body of the Federal Reserve System in the United States. The FOMC is responsible for conducting open market operations, which involve buying and selling of government securities to influence the money supply, interest rates, and ultimately the economy.
The FOMC comprises 12 members, which includes all seven members of the Board of Governors of the Federal Reserve System and five of the 12 regional Federal Reserve Bank presidents. The Chair of the Board of Governors serves as the Chair of the FOMC, and the President of the Federal Reserve Bank of New York is a permanent member of the committee.
Members of Congress or the Senate Banking Committee do not serve on the FOMC. The FOMC meets eight times a year to assess economic and financial conditions, discuss policy options, and make decisions on monetary policy actions.
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a business aims its promotions toward singles between the ages of 25 and 40 who reside in a specific county. the business has .
The campaign may offer discounts or special promotions to singles between the ages of 25 and 40 who reside in the specific county. the correct answer is D. All of the above.
The statement describes a target market, which is a specific group of people that a business aims to reach with its marketing efforts. The age range and geographic location are examples of demographic criteria that the business has used to define its target market.
To reach this target market, the business likely has a marketing strategy in place that outlines how it will communicate its message to potential customers. This strategy may include advertising, social media, email marketing, and other promotional tactics.
The business may also have a specific promotional campaign in place that is designed to appeal to its target market.
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Complete Question
A singles business aims its promotions toward singles between the ages of 25 and 40 who reside in a specific county. The business has a(n):
A. Target market
B. Marketing strategy
C. Promotional campaign
D. All of the above
___ is the situation in which no solution to the linear programming problem satisfies all the cơnstraints. Optimality Divisibility Infeasibility Unboundedness
Infeasibility is the situation in which no solution to the linear programming problem satisfies all the constraints.
In a linear programming problem, we aim to optimize an objective function (such as maximizing profit or minimizing cost) subject to certain constraints (such as available resources or limitations). When a problem is infeasible, it means that there is no feasible solution that satisfies all these constraints simultaneously. Infeasibility can occur for various reasons, such as conflicting constraints, overly restrictive conditions, or errors in the formulation of the problem.
It is important to carefully analyze the problem and constraints to identify and resolve infeasibility issues. On the other hand, optimality refers to the best possible solution that satisfies all constraints, while unboundedness indicates that the objective function can be improved indefinitely without violating any constraints. Divisibility, in the context of linear programming, implies that the solutions can be divided into smaller parts without affecting the overall outcome.
In summary, infeasibility is a situation in linear programming where no solution can satisfy all constraints, making it impossible to find an optimal solution. Identifying and resolving infeasibility issues is essential for successful linear programming problem-solving. The correct option is infeasibility.
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which of the following forms of business organization is generally believed to have an easier ability to raise capital and transfer ownership?
The form of business organization that is generally believed to have an easier ability to raise capital and transfer ownership is the corporation.
Corporations have the advantage of being able to sell stocks to the public, allowing them to raise large amounts of capital. In addition, ownership of a corporation is transferable through the buying and selling of stocks, making it easier for shareholders to sell their ownership stake if they wish to do so.
On the other hand, sole proprietorships and partnerships have limited ability to raise capital and transfer ownership, as they rely on personal funds or loans from banks or other sources, and transferring ownership can be more complex due to the lack of a stock market. Overall, the corporation is often considered the most favorable form of business organization for companies looking to raise capital and provide liquidity for shareholders.
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Which of the following statements best describe the basic fixed-order quantity model? group of answer choices an order is placed when the remaining on-hand inventory reaches the reorder point. An order is placed after the on-hand inventory has been counted or reviewed. An order is placed after there is a stockout. An order is placed when the inventory holding costs are lower than the setup costs. None of the above statements is correct.
the statement that best describes the basic fixed-order quantity model is: "An order is placed when the remaining on-hand inventory reaches the reorder point."
The basic fixed-order quantity model involves placing an order for a specific quantity of inventory when the on-hand inventory reaches a predetermined reorder point. This ensures that inventory levels are maintained at a constant level and minimizes the risk of stockouts. The reorder point is determined by taking into account the lead time to receive the inventory, the expected demand during that lead time, and the safety stock needed to cover any unexpected demand or delays in delivery.
The model also considers the costs associated with holding inventory, such as storage and insurance, as well as the setup costs of placing an order. The goal is to find the optimal balance between inventory holding costs and setup costs to minimize overall costs while ensuring sufficient inventory levels. Therefore,
The statement that best describes the basic fixed-order quantity model is: "An order is placed when the remaining on-hand inventory reaches the reorder point." This model focuses on maintaining a consistent inventory level by placing an order when the stock falls to a predetermined point, ensuring a timely replenishment without experiencing stockouts or excessive holding costs.
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when the subheads and body copy of an advertisement are localized, not simply translated, it is an example of:
Localizing the subheads and body copy of an advertisement is an example of transcreation. Transcreation involves not only translating the words of an advertisement, but also adapting the message to the cultural and linguistic nuances of the target audience.
This includes modifying the tone, style, and even visuals of the advertisement to resonate with the localised. As a result, transcreation is a much more involved and creative process than simple translation. It requires a deep understanding of both the source and target languages and cultures, as well as marketing and advertising principles.
In summary, the localization of subheads and body copy through transcreation is a long answer that involves a thorough and thoughtful approach to tailoring an advertisement for a specific audience.When the subheads and body copy of an advertisement are localized, not simply translated, it is an example of adaptation.
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when should you use conversion-focused based bidding strategies?
You should use conversion-focused bidding strategies when your main goal is to drive conversions and maximize your return on investment.
Conversion-focused bidding strategies are designed to optimize your ad delivery towards people who are more likely to take a specific action on your website, such as making a purchase, filling out a form, or signing up for a service. By using these bidding strategies, you can help ensure that your ad dollars are being spent on people who are more likely to convert, and ultimately, drive more sales or leads for your business. There are several conversion-focused bidding strategies available, including Target Cost-Per-Acquisition (tCPA), Maximize Conversions, and Enhanced Cost-Per-Click (eCPC). It's important to choose the right bidding strategy based on your business goals, budget, and target audience. Additionally, you should regularly monitor your campaign performance and adjust your bidding strategy as needed to ensure you are getting the best possible return on your advertising investment.
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when a company purchases materials for use in the production process, the cost of those materials is recorded in what accounts?
When a company purchases materials for use in the production process, the cost of those materials is recorded in the inventory account until they are used or sold. The inventory account is a current asset account on the balance sheet that reflects the cost of the goods held for sale or use in the production process.
There are different inventory accounting methods that a company can use to record the cost of materials, including First-In, First-Out (FIFO), Last-In, First-Out (LIFO), and Average Cost methods. The method chosen can have a significant impact on the cost of goods sold, gross profit, and inventory value reported in the financial statements.
When the materials are used in the production process, the cost is transferred from the inventory account to the cost of goods sold (COGS) account on the income statement. COGS represents the direct costs incurred in producing the goods sold during the period and is subtracted from revenue to calculate gross profit. Therefore, accurate recording of inventory and cost of goods sold is important for the company to manage its profitability and financial performance effectively.
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Which of the following describes reciprocal support?
A) the accounting department provides services to production
B) molding provides services to production and accounting provides services to both molding and
production
C) assembling department provides services to three other departments
D) the materials management department provides support to all departments including the production
control department which also provides services to the materials management department
Reciprocal support refers to a situation in which two or more departments or functions within an organization provide support to each other. In option B, molding provides services to production, and accounting provides services to both molding and production.
This arrangement of services between departments represents reciprocal support, where departments collaborate and support each other to meet the organization's goals.
Reciprocal support is an essential aspect of an organization's functional structure. It allows different departments to work together to achieve the overall objectives of the organization. It also promotes communication, coordination, and cooperation among different departments, leading to increased efficiency, productivity, and effectiveness.
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during its first year of operations, silverman company paid $10,740 for direct materials and $11,300 for production workers' wages. lease payments and utilities on the production facilities amounted to $10,300 while general, selling, and administrative expenses totaled $3,200. the company produced 7,700 units and sold 4,800 units at a price of $6.70 a unit. what is the amount of gross margin for the first year? multiple choice $12,180 $12,000 $10,120 $32,160
the amount of gross margin for the first year is $10,120.
To find the amount of gross margin for the first year, we first need to calculate the cost of goods sold (COGS) using the given information. COGS is the total cost of all the products that were sold during the year.
The formula to calculate COGS is:
COGS = Beginning Inventory + Purchases - Ending Inventory
Since it's the first year of operations, we can assume that there was no beginning inventory. Therefore, the COGS formula simplifies to:
COGS = Direct Materials + Production Workers' Wages
COGS = $10,740 + $11,300
COGS = $22,040
Now, to calculate the gross margin, we can use the following formula:
Gross Margin = Total Sales - COGS
Total Sales = Units Sold x Price per Unit
Total Sales = 4,800 x $6.70
Total Sales = $32,160
Therefore,
Gross Margin = $32,160 - $22,040
Gross Margin = $10,120
Hence, the amount of gross margin for the first year is $10,120.
Therefore, the correct answer is: $10,120.
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consumption equals 2 trillion .8 times disposable income, investment equals 5 trillion, government spending equals 4 trillion in total of which social security and other transfers equal 2 trillion, taxes equal 3 trillion, exports equals 2 trillion and imports equals 1 trillion. calculate gdp in trillions. to one decimal point.
To calculate GDP in trillions with the given data, we will use the GDP formula: GDP = Consumption + Investment + Government Spending + (Exports - Imports).
1. Consumption: Consumption equals 2 trillion .8 times disposable income.
Since disposable income is not provided, we cannot calculate the consumption value. Please provide the disposable income to determine consumption.
2. Investment: Investment equals 5 trillion.
3. Government Spending: Government spending equals 4 trillion.
4. Net Exports: Exports equal 2 trillion and imports equal 1 trillion. To find net exports, subtract imports from exports: 2 trillion - 1 trillion = 1 trillion.
Once we have the consumption value (based on the provided disposable income), we can then use the GDP formula to calculate the GDP in trillions to one decimal point.
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a formal report organized into sections identifying work done by functional company areas would be most appropriate for which of the following? responses
A formal report organized into sections identifying work done by functional company areas would be most appropriate for a company looking to evaluate its performance and identify areas of strength and weakness.
By breaking down the report into sections such as sales, marketing, operations, and finance, the company can get a detailed analysis of how each functional area contributed to the overall success or failure of the organization. This type of report is particularly useful for larger organizations with multiple departments and functions, where it is difficult to assess performance at a higher level.
By analyzing performance by functional area, the company can identify where resources are being utilized effectively and where improvements can be made. Additionally, the report can be used to set targets for each functional area and to track progress towards achieving these targets. Overall, a formal report organized by functional area is an effective way to assess the overall performance of a company and to identify opportunities for improvement.
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walmart offers the price-matching policy. if you find a good with a lower price, it'll offer you that lower price. the end result will lead to price competition and prices for shoppers. T/F
The given statement "walmart offers the price-matching policy. if you find a good with a lower price, it'll offer you that lower price. the end result will lead to price competition and prices for shoppers" is true because walmart offers a price-matching policy which means that if a customer finds a product at a lower price elsewhere, Walmart will offer the same product at the lower price.
This policy allows for price competition and ultimately leads to lower prices for shoppers. This policy is beneficial for both Walmart and its customers. Walmart is able to retain customers who would otherwise shop at other stores, and customers are able to save money. This also encourages customers to shop at Walmart more frequently, which can lead to increased sales for the company.
In addition, Walmart's price-matching policy promotes transparency and honesty in pricing. Customers can trust that they are getting the best deal possible at Walmart. This policy also incentivizes other retailers to offer competitive prices, which ultimately benefits all shoppers. Overall, Walmart's price-matching policy is a win-win for both the company and its customers, as it promotes fair competition and lower prices.
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In 2016, the real GDP of Bardmon was $330,000 and the population was 170. in 2019, the real GDP was $395,000 and the population was 185 From this we can conclude O 1.real GDP per capita has risen by $194 O2.real GDP per capita was $2135 in 2016. O3, nothing because of insufficient information 4.real GDP per capita has fallen by 5194 5.real GDP per capita was $1941 in 2019.
Based on the information given, we can calculate the real GDP per capita for Bardmon in 2016 and 2019. Real GDP per capita is the real GDP divided by the population, and it gives us an idea of the average economic output per person in the country.
In 2016, the real GDP per capita for Bardmon was $1,941 ($330,000 divided by 170). In 2019, the real GDP per capita was $2,135 ($395,000 divided by 185). This means that the real GDP per capita has risen by $194 between 2016 and 2019.
We cannot conclude that the real GDP per capita has fallen by $5,194, as this is not supported by the information given. Similarly, we cannot say that there is insufficient information to draw a conclusion, as we have been given the real GDP and population figures for both years.
Overall, the data shows that Bardmon's real GDP has increased between 2016 and 2019, and so has the real GDP per capita. However, without more information on factors such as inflation, income distribution, and economic growth rates, it is difficult to fully analyze the country's economic performance.
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FIs can reduce the risk on their investment portfolios beyond what can be achieved purely domestically through
Multiple choice question.
hedging credit risk.
improving liquidity.
domestic diversification.
global diversification.
Global diversification can help reduce the risk on investment portfolios beyond what can be achieved purely domestically. Option D - global diversification.
This is because investing in a range of different markets and regions can help to spread risk and reduce the impact of market fluctuations in any one country or region. By diversifying globally, investors can potentially benefit from exposure to a wider range of asset classes, industries, and market conditions, which can help to reduce the overall risk in their portfolios. On the other hand, hedging credit risk and improving liquidity can also help reduce risk, but they are more specific risk management techniques that may not necessarily provide the same level of broad-based risk reduction as global diversification. Domestic diversification can also help reduce risk to some extent, but it is generally more limited in scope compared to global diversification.
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How can you determine the appropriate Loan-to-Value (LTV) or Loan-to-Cost (LTC) ratio for a deal?
Loan-to-value (LTV) is a ratio that is frequently used in mortgage lending to evaluate how much of a down payment is required and if a lender will grant credit to a borrower.
Loan-to-value (LTV) is an often used ratio in mortgage lending to determine the amount necessary to put in a down payment and whether a lender will extend credit to a borrower. Before approving a mortgage, financial institutions and other lenders evaluate the loan-to-value (LTV) ratio as a measure of lending risk. High LTV loan assessments are typically seen as higher-risk loans. Therefore, the loan has a higher interest rate if the mortgage is approved.
The loan-to-cost (LTC) ratio is a statistic employed in the construction of commercial real estate to compare the financing of a project (as provided by a loan) with the project's construction costs. Lenders of commercial real estate might assess the risk of making a construction loan using the LTC ratio. Additionally, it enables builders to comprehend how much equity they hold throughout a project.
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a cafe sells lattes for $2.50 and shots of espresso for $1.75. on thursday, a total of 63 lattes and espresso shots were sold, and the cafe collected a total of $138.75 from latte and espresso sales. let x represent the number of lattes and y represent the number of espresso shots. write the ordered pair, (x,y), that represents the situation.
The ordered pair (x,y) that represents the situation is (38,25).
Let's use the given information to set up a system of equations in terms of x and y.
First, we know that the total number of lattes and espresso shots sold is 63. This can be expressed as:
x + y = 63
Second, we know that the total revenue from latte and espresso sales is $138.75. We can use the prices of lattes and espresso shots to express this in terms of x and y:
2.50x + 1.75y = 138.75
So the system of equations is:
x + y = 63
2.50x + 1.75y = 138.75
To find the ordered pair (x,y) that represents the situation, we can solve this system of equations. One way to do this is to use substitution or elimination.
Let's use substitution. We can solve the first equation for y:
y = 63 - x
Then we can substitute this expression for y into the second equation:
2.50x + 1.75(63 - x) = 138.75
Simplifying and solving for x:
2.50x + 110.25 - 1.75x = 138.75
0.75x = 28.50
x = 38
So 38 lattes were sold. We can substitute this value for x into the first equation to find y:
38 + y = 63
y = 25
So 25 espresso shots were sold.
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sarah uses a card issued by northend bank for all her purchases. her transactions are cashless, and the purchase amount is immediately withdrawn from her bank account. in this case, sarah uses a .
Sarah uses a debit card issued by Northend Bank for all her purchases. A debit card is a payment card that deducts money directly from a customer's checking account to pay for purchases. This means that Sarah's transactions are cashless, as she does not need to carry physical cash to make her purchases.
Whenever she swipes or inserts her debit card at a store or online, the purchase amount is immediately withdrawn from her bank account. This provides convenience for Sarah, as she does not need to worry about carrying cash or writing checks.
Additionally, using a debit card can help Sarah keep track of her spending, as she can easily monitor her bank account activity online or through mobile banking.
In this case, Sarah uses a debit card issued by Northend Bank for all her purchases. A debit card allows her to make cashless transactions, where the purchase amount is immediately withdrawn from her bank account. This convenient method of payment ensures that she can easily track her expenses and maintain a record of her financial transactions.
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question 44 if inflation expectations rise, the short-run phillips curve shifts a. left, so that at any inflation rate output is higher in the short run than before. b. left, so that at any inflation rate output is lower in the short run than before. c. right, so that at any inflation rate output is higher in the short run than before. d. right, so that at any inflation rate output is lower in the short run than before.
If inflation expectations rise, the short-run Phillips curve shifts right, so that at any inflation rate output is higher in the short run than before.
C is the correct answer.
The Phillips curve change is believed to be caused by two variables, according to economists. Supply shocks, like the Oil Crisis in the middle of the 1970s, which is how stagflation originally entered our lexicon, are the first factor. Changes in people's expectations of inflation make up the second factor.
Employers and employees predict inflation to increase at a certain rate in the coming months and years. The current inflation rate is directly impacted by future inflation expectations. An increase in predicted inflation alters the short-run Phillips curve and makes workers want greater salaries.
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zero corp's total common equity at the end of last year was $510,000 and its net income was $70,000. what was its roe? a. 13.73% b. 11.39% c. 16.61% d. 16.06% e. 16.33%
To calculate the ROE (Return on Equity) of Zero Corp, we need to divide its net income by its total common equity. Based on the given options, the closest answer is (a) 13.73%.
ROE = Net Income / Total Common Equity
Using the given figures,
ROE = $70,000 / $510,000
ROE = 0.1373 or 13.73%
Therefore, the answer is option a. 13.73%.
ROE is an important financial ratio that measures a company's profitability by showing how much profit it generates for each dollar of equity. It is a key metric for investors to evaluate a company's performance and growth potential. Equity represents the value of a company's assets minus its liabilities and is an important component of the balance sheet. Income, on the other hand, refers to the money a company earns from its operations or investments.
To calculate Zero Corp's return on equity (ROE), you will need to use the following formula:
ROE = (Net Income) / (Total Common Equity)
In this case, Zero Corp's net income is $70,000, and its total common equity at the end of last year was $510,000. Using the formula:
ROE = ($70,000) / ($510,000) = 0.13725
Now, to express this value as a percentage, multiply by 100:
ROE = 0.13725 × 100 = 13.725%
Based on the given options, the closest answer is (a) 13.73%.
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an operation is performed on a batch of 50 units. setup time is 30 minutes and run time is 1 minute. the total time taken to process the entire batch is:
The total time taken to process the entire batch is 80 minutes.
To calculate the total time taken to process the entire batch, we need to consider both the setup time and the run time.
Setup time is the time required to prepare the machines and equipment before starting the actual operation. In this case, the setup time is given as 30 minutes.
Run time is the time required to complete the actual operation on each unit in the batch. In this case, the run time is given as 1 minute per unit.
So, the total run time for the entire batch of 50 units can be calculated as:
Total run time = Run time per unit x Number of units
Total run time = 1 minute/unit x 50 units
Total run time = 50 minutes
Therefore, the total time taken to process the entire batch is:
Total time = Setup time + Total run time
Total time = 30 minutes + 50 minutes
Total time = 80 minutes
Hence, the main answer is that the total time taken to process the entire batch is 80 minutes.
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in 2011 buckeye brewing produced 1,000 bottles of ginger ale each day. it employed 10 workers each working 8 hours a day. in 2012 it produced 960 bottles of ginger ale each day employing 8 workers who worked 8 hours each day. productivity at buckeye brewing
To determine the productivity at Buckeye Brewing, we need to calculate the output per worker for each year. In 2011, the total number of bottles produced per day was 1,000, and with 10 workers working for 8 hours each day,
The output per worker was 1,000/(10*8) = 12.5 bottles per hour.
In 2012, the total number of bottles produced per day was 960, and with 8 workers working for 8 hours each day, the output per worker was 960/(8*8) = 15 bottles per hour.
Therefore, the productivity increased from 12.5 bottles per hour in 2011 to 15 bottles per hour in 2012. This increase could be due to various factors such as improved technology, better management, and employee training. In conclusion, Buckeye Brewing's productivity increased between 2011 and 2012, as evidenced by the higher output per worker. To sustain this increase, the company should continue to invest in technology and employee development to improve efficiency and quality.
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effective marketing research involves listening to customers, employees, shareholders, and other stakeholders.T/F
Listening to customers, employees, shareholders, and other stakeholders is an essential component of efficient marketing research. This statement is true.
Effective marketing research involves gathering information from a variety of sources, including customers, employees, shareholders, and other stakeholders. This information can provide valuable insights into consumer preferences, product development, brand perception, and other important marketing considerations.
Listening to customers is perhaps the most critical aspect of marketing research. Customer feedback can reveal important insights about product features, pricing, advertising, and distribution channels. It can also help identify emerging trends and changing consumer preferences.
In addition to customers, marketing research should also involve input from employees, who can provide valuable insights into product development, marketing strategies, and customer service. Shareholders and other stakeholders can provide feedback on company performance, financials, and brand reputation, which can help inform marketing decisions.
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which of the following best describes the purpose of an intermediate error event?
Multiple Choice
Interrupts the normal flow of the process
Alerts users to control risks
Waits for external messages
Directs a sequence to repeat
The purpose of an intermediate error event is to interrupt the normal flow of the process.
An intermediate error event in a process model is used to interrupt the normal flow of the process when an error occurs. This type of event is triggered when a specific error condition is met, such as an unexpected exception or an invalid input. It then initiates a new flow of the process to handle the error, such as a corrective action or an exception handling routine. The purpose of an intermediate error event is to ensure that errors are properly handled in a process, preventing them from causing further problems or disruptions.
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Which inventory measure is best for a company to maximize?.
The inventory measure that is best for a company to maximize depends on the specific goals and operations of the company.
For example, a company that operates in a fast-moving industry may benefit from a just-in-time (JIT) inventory system, which minimizes inventory holding costs and maximizes efficiency by only ordering and receiving goods when they are needed.
What's the benefit?On the other hand, a company that sells seasonal products may benefit from a larger inventory buffer to ensure that they can meet demand during peak seasons.
Hence, the best inventory measure for a company to maximize is one that balances the costs of holding inventory with the need to meet customer demand and maintain operational efficiency.
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Suppose a bank has $2,500,000 in checkable deposits and the required reserve ratio is 20%. Also, the bank is currently holding $700,000 in total reserves. As a result, this bank can increase the money supply by
This bank may raise the available funds by $1,000,000.
We must apply the reserve requirement formula in order to calculate the possible growth in the money supply:
Required Reserves = Checkable Deposits x Required Reserve Ratio
The necessary reserves under these circumstances would be:
0.20 x $2,500,000 = $500,000
Currently, the bank has $700,000 in total reserves, which is $200,000 more than what is needed. Excess reserves are this additional $200,000 in cash.
The possible growth in the money supply may then be calculated using the money multiplier formula:
Money Multiplier is equal to 1 / the required reserve ratio.
Multiplier of Money = 1 / 0.20 = 5
Excess Reserves x Money Multiplier = Potential Increase in Money Supply
Potential Increase in Money Supply = $200,000 x 5 = $1,000,000
Therefore, this bank can potentially increase the money supply by $1,000,000.
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A company that manufactures monitors has fixed costs of $85,000 per annum. The variable costs are 31% of sales and the profit is $56,000. When the selling price was reduced by 15%, the sales volume increased by 30%. a. What was the original sales revenue? Round to the nearest cent b. What were the original variable costs? Round to the nearest cent c. What is the new sales revenue? Round to the nearestcent d. What are the new variable costs? Round to the nearestcent e. What is the amount of change in net income? Round to the nearest cent. Use a negative sign to represent a loss
a. The original sales revenue was $204,347.83.
b The original variable costs were $63,347.83.
c The new sales revenue is $173,695.16.
d The new variable costs are $53,816.03.
e. The amount of change in net income is a loss of $21,120.87.
a. The profit can be calculated as follows:
Profit = Sales - Fixed Costs - Variable Costs
$56,000 = Sales - $85,000 - 0.31Sales
Solving for Sales:
$56,000 = 0.69Sales - $85,000
$141,000 = 0.69Sales
Sales = $204,347.83
Therefore, the original sales revenue was $204,347.83.
b. The original variable costs can be calculated as:
Variable Costs = 0.31 x $204,347.83 = $63,347.83
Therefore, the original variable costs were $63,347.83.
c. After the selling price was reduced by 15%, the new sales revenue can be calculated as:
New Sales = $204,347.83 x 0.85 = $173,695.16
Therefore, the new sales revenue is $173,695.16.
d. The new variable costs can be calculated as:
New Variable Costs = 0.31 x $173,695.16 = $53,816.03
Therefore, the new variable costs are $53,816.03.
e. The amount of change in net income can be calculated as:
Change in Net Income = New Profit - Original Profit
New Profit = New Sales - Fixed Costs - New Variable Costs
New Profit = $173,695.16 - $85,000 - $53,816.03
New Profit = $34,879.13
Change in Net Income = $34,879.13 - $56,000
Change in Net Income = -$21,120.87
Therefore, the amount of change in net income is a loss of $21,120.87.
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for next year, roberts, inc., has budgeted sales of 19,000 units, targeted ending finished goods inventory of 1,750 units, and beginning finished goods inventory of 1,250 units. all other inventories are zero. how many units should be produced next year?
Roberts, Inc. should produce 19,500 units next year to meet its budgeted sales target of 19,000 units.
To determine the number of units that should be produced next year, we need to take into account the desired ending finished goods inventory and the beginning finished goods inventory.
First, we calculate the total units needed to meet the budgeted sales and desired ending inventory:
Total units needed = Budgeted sales + Desired ending finished goods inventory
Total units needed = 19,000 + 1,750
Total units needed = 20,750
Then, we subtract the beginning finished goods inventory to determine the production requirements:
Production requirements = Total units needed - Beginning finished goods inventory
Production requirements = 20,750 - 1,250
Production requirements = 19,500
Therefore, Roberts, Inc. should produce 19,500 units next year to meet its budgeted sales target of 19,000 units and maintain a desired ending finished goods inventory of 1,750 units, while starting with a beginning finished goods inventory of 1,250 units.
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If, after a deposit outflow, a bank needs an additional $3 million to meet its reserve requirements, the bank can.
A reserve that is a portion of deposits is always present in a bank. However, if a bank has insufficient reserves, it can borrow money from other banks, the Fed, call in loans, and sell securities. A bank will borrow money from other banks via the Fed's discount window.
If it does not have enough cash on hand to meet the reserve requirement. The federal funds rate, which is the benchmark for many other interest rates in the economy, is the borrowing rate that banks charge one another. The amount of reserves, or cash deposits, that a bank must have on hand and refrain from lending out, is known as the reserve ratio.
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Peters and Chong are partners and share equally in income or loss. Peters' current capital balance is $140,000 and Chong's is $130,000. Peters and Chong agree to accept Aaron with a 30% interest in the partnership. Aaron invests $98,000 in the partnership. The balances in Peters's and Chong's capital accounts after admission of the new partner equal:
Peters $140,000; Chong $130,000.
Peters $146,200; Chong $136,200.
Peters $145,000; Chong $135,000.
Peters $133,800; Chong $123,800.
Peters $166,027; Chong $156,027.
After the admission of Aaron with a 30% interest, the total capital balance of the partnership will be: So the answer is Peters $268,800; Chong $258,800.
Let After the admission of Aaron with a 30% interest, the total capital balance of the partnership will be
$140,000 (Peters) + $130,000 (Chong) + $98,000 (Aaron) = $368,000
Aaron's 30% interest in the partnership is worth:
0.30 × $368,000 = $110,400
This means that the remaining $257,600 will be divided equally between Peters and Chong:
$257,600 ÷ 2 = $128,800
Therefore, the new capital balances for Peters and Chong will be:
Peters: $140,000 + $128,800 = $268,800
Chong: $130,000 + $128,800 = $258,800
So the answer is Peters $268,800; Chong $258,800.
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On July 8, a fire destroyed the entire merchandise inventory on hand of Larrenaga Wholesale Corporation. The following information is available:
Sales, January 1 through July 8 $700,000
Inventory, January 1 130,000
Purchases, January 1 through July 8 640,000
Gross profit ratio 30%
What is the estimated inventory on July 8 immediately prior to the fire?
A. $192,000
B. $280,000
C. $490,000
D. $510,000
The estimated inventory on July 8 immediately prior to the fire is approximately $231,538. Answer: None of the above.
We can use the gross profit method to estimate the inventory on July 8 immediately prior to the fire.
Cost of goods sold = Sales / (1 + Gross profit ratio) = $700,000 / (1 + 0.30) = $538,462.
Cost of goods available for sale = Beginning inventory + Purchases = $130,000 + $640,000 = $770,000.
Estimated inventory on July 8 = Cost of goods available for sale - Cost of goods sold = $770,000 - $538,462 = $231,538.
Therefore, the estimated inventory on July 8 immediately prior to the fire is approximately $231,538. Answer: None of the above.
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