a. With a drum-buffer-rope system of inventory control, the buffer is set to protect the constraint from a disruption in the flow feeding it.
b. With a drum-buffer-rope system of inventory control, the more reliable the resource(s) feeding the constraint, the smaller the buffer.
d. With a drum-buffer-rope system of inventory control, the removal of an item from the buffer triggers the release of an item into the system.
e. With a drum-buffer-rope system of inventory control, a workstation will pass a unit to the next workstation in the sequence as soon as the subsequent workstation completes processing a unit.
All the above statements are true.
What is inventory control?Inventοry cοntrοl refers tο the prοcess οf managing and regulating the inventοry levels οf a business. It invοlves mοnitοring, tracking, and οptimizing the flοw οf gοοds οr prοducts within an οrganizatiοn. The primary οbjective οf inventοry cοntrοl is tο ensure that the right quantity οf inventοry is available at the right time, in the right place, and at the right cοst.
The following statements are true:
a. With a drum-buffer-rope system of inventory control, the buffer is set to protect the constraint from a disruption in the flow feeding it.
b. With a drum-buffer-rope system of inventory control, the more reliable the resource(s) feeding the constraint, the smaller the buffer.
d. With a drum-buffer-rope system of inventory control, the removal of an item from the buffer triggers the release of an item into the system.
e. With a drum-buffer-rope system of inventory control, a workstation will pass a unit to the next workstation in the sequence as soon as the subsequent workstation completes processing a unit.
The following statement is not true:
c. With a drum-buffer-rope system of inventory control, if the constraint is the market, the buffer is the amount of available finished goods inventory.
The buffer in a drum-buffer-rope system is not specifically related to the market constraint but rather to protect the constraint from disruptions within the system.
Learn more about inventory control
https://brainly.com/question/26533444
#SPJ4
The ABC Furniture Company produces sofas, tables, and chairs at its plant in Greensboro, North Carolina. The plant uses three main resources to make furniture wood, upholstery, and labor. The resource requirements for each piece of furniture and the total resources available weekly are as follows: Resource Requirements Furniture Product Wood (lb) Upholstery (yd) Labor (hour) Sofa 6 10 5 Table 5 0 3 Chair 4 3 1 Total available resources 2020 1100 1080 The furniture is produced on a weekly basis and stored in a warehouse until the end of the week, when it is shipped out, however the warehouse has limited capacity of storing furniture. The warehouse can hold 600 pieces of table or chair, or 200 pieces of sofa (That is to say, a sofa takes up three times as much space as a table or chair). Each sofa earns $400 in profit, each table, $290, and each chair, $180. The company wants to know how many pieces of each type of furniture to make per week in order to maximize profit.
The optimal production quantity of each type of furniture per week in order to maximize profit, use linear programming and the objective function.
Let's assign variables:
x1 = Number of sofas produced per week
x2 = Number of tables produced per week
x3 = Number of chairs produced per week
The objective is to maximize the profit, which can be represented by the objective function:
Maximize Z = 400x1 + 290x2 + 180x3.
Subject to the following constraints:
Resource constraints:
6x1 + 5x2 + 4x3 ≤ 2020 (wood constraint)
10x1 + 3x3 ≤ 1100 (upholstery constraint)
5x1 + 3x2 + x3 ≤ 1080 (labor constraint)
Warehouse capacity constraints: x1 ≤ 200 (sofa constraint)
3x2 + x3 ≤ 600 (table and chair constraint)
Non-negativity constraints: x1, x2, x3 ≥ 0, Using the given data, we can plug in the values into the objective function and constraints and solve the linear programming problem using optimization techniques or software.
Learn more about production quantity here
https://brainly.com/question/15314805
#SPJ11
Question 12 1 pts Which is the best example of a market-oriented environmental policy? The U.S. government establishes a market to trade the right to emit CO2 among manufacturing industries. The U.S.
The establishment of a market to trade the right to emit CO2 among manufacturing industries is the best example of a market-oriented environmental policy.
A market-oriented environmental policy refers to the use of market mechanisms and economic incentives to address environmental challenges. In this example, the U.S. government creates a market for trading the right to emit carbon dioxide (CO2) among manufacturing industries. This approach is known as a cap-and-trade system.
Under a cap-and-trade system, the government sets an overall limit or "cap" on CO2 emissions. It then distributes or auctions emission allowances to participating industries. These allowances represent the right to emit a certain amount of CO2. Industries that can reduce their emissions below their allocated allowances can sell or trade their surplus allowances to industries that exceed their limits. This system creates a market where the price of emission allowances is determined by supply and demand.
By establishing this market, the government incentivizes industries to reduce their emissions by creating a financial value for emission reductions. It encourages industries to find cost-effective ways to decrease their carbon footprint and rewards those who are able to do so. This market-oriented approach promotes flexibility, innovation, and market-based solutions to environmental challenges.
The establishment of a market to trade the right to emit CO2 among manufacturing industries is a prime example of a market-oriented environmental policy. It utilizes economic incentives to encourage emission reductions and provides a flexible and innovative approach to addressing environmental concerns.
To know more about market visit:
https://brainly.com/question/30165908
#SPJ11
The medical evidence is clear: Cervical cancer screening saves lives. Much of the focus of cost-effectiveness research addresses issues concerning the appropriate screening interval. D.M. Eddy (Screening for cervical cancer, Annals of Internal Medicine 113, 214-226, 1990) studied the issue and estimated that annual screening for a hypothetical cohort of 1,000 22-year-old women screened until age 75 would cost $1,093,000 and would save 27.6 life years. If screened every three years instead, the cost would be $467,000 and 26.8 life years would be saved. Is annual screening cost effective?
Annual screening for cervical cancer is not cost-effective compared to screening every three years, based on the study by D.M. Eddy.To determine the costs and life years saved for a hypothetical cohort of 1,000 women.
The study compared the cost and life years saved between annual screening and screening every three years for a cohort of 1,000 women aged 22 to 75. The annual screening strategy would cost $1,093,000 and save 27.6 life years, while screening every three years would cost $467,000 and save 26.8 life years.
Although annual screening saves slightly more life years, the significant difference in cost makes it less cost-effective. The cost per life year saved for annual screening is $39,541, whereas for screening every three years, it is $17,418. Therefore, the study suggests that screening every three years is a more cost-effective approach for cervical cancer screening.
To learn more about D.M. Eddy.
Click here:brainly.com/question/28529693?
#SPJ11
Identify and compare 2 alternatives of electronic commerce
software choices for the development of an ecommerce website.
Two popular alternatives for electronic commerce software choices for the development of an e-commerce website are WooCommerce and Shopify. Let's compare them based on various factors:
Ease of Use:
WooCommerce: It is an open-source plugin for WordPress, which means it requires some technical knowledge to set up and customize. However, it offers a user-friendly interface for managing products and orders.Shopify: It is a fully hosted platform that provides an intuitive and beginner-friendly interface. Setting up an online store and managing products is relatively easy, even for non-technical users.Customization:
WooCommerce: It offers extensive customization options as it integrates with WordPress, allowing users to modify the website's design and functionality using themes and plugins. It provides greater flexibility for advanced customization.Shopify: While Shopify offers customization options through themes and an app store, it has limitations compared to WooCommerce. Users can customize the website's design and functionality, but the level of customization is not as extensive.Scalability:
WooCommerce: As an open-source platform, WooCommerce can handle large product catalogs and high website traffic. It can be scaled up easily by optimizing hosting resources and using caching plugins. However, it requires more technical expertise to ensure optimal performance.Shopify: Shopify is a highly scalable platform that can handle significant traffic and large inventories without requiring much technical knowledge. It provides reliable hosting and infrastructure, ensuring a smooth shopping experience for customers.Learn more about e-commerce here : brainly.com/question/31073911
#SPJ11
The basic problem of macroeconomic financial planning was a) to make sure that there was a balance in the foreign trade account. a b) to ensure that the demand for steel and other basic commodities equaled the supply- c) to set prices equal to cost. d) to equate the aggregate demand to aggregate supply. e) all of the above.
Option d) to equate the aggregate demand to aggregate supply.
Macroeconomic financial planning includes setting economic policies to achieve objectives related to economic indicators like inflation, economic growth, and employment. The primary problem of macroeconomic financial planning was to equate aggregate demand to aggregate supply. When there is a match between the two, the economy operates efficiently as there is no shortage or surplus of goods and services in the economy.
An economy is said to be in equilibrium when the aggregate demand is equal to aggregate supply. If aggregate demand is more than the aggregate supply, it can lead to inflation, and if aggregate supply is more than the aggregate demand, it can lead to deflation. Therefore, the problem of macroeconomic financial planning is to maintain a balance between aggregate demand and aggregate supply.
Option A) to make sure that there was a balance in the foreign trade account is a partial answer. This is one of the components that help maintain the balance of payments. In macroeconomic financial planning, maintaining balance in foreign trade is important as any deficit in the foreign trade account can have an impact on the economy.
Option B) to ensure that the demand for steel and other basic commodities equaled the supply is incorrect because macroeconomic financial planning is not only about steel and other basic commodities. It deals with all the goods and services produced in an economy.
Option C) to set prices equal to cost is incorrect because macroeconomic financial planning does not regulate prices of goods and services. It sets policies that can impact the overall economy by maintaining equilibrium between aggregate demand and aggregate supply.
Option E) all of the above is incorrect because option A, B, and C are incorrect. The only correct option that fits into the question is Option D.
Learn more about the balance of payments: https://brainly.com/question/30527829
#SPJ11
Nelson Associates Inc. uses the balance sheet approach to estimate uncollectible accounts and maintains an allowance account to reduce accounts receivable to realizable value. An analysis of the accounts receivable at December 31 (year-end date) produced the following age groups: 1. Not yet due. $400,000 2. 1-30 days past due. 210,000 3. 31-60 days past due 80,000 4. 61-90 days past due 15,000 5. Over 90 days past due. 25,000 Total accounts receivable. $730,000 In reliance upon its past experience with collections, the company estimated the percentages probably uncollectible for the above five age groups to be as follows: Group 1, 1%; Group 2, 3% ; Group 3, 20% ; Group 4, 30%; and Group 5, 50%. Prior to adjustment at year-end, the Allowance for Doubtful Accounts showed a credit balance of $10,400. Required: Compute the estimated amount of uncollectible accounts on the basis of the above classification by age groups. b. Prepare the adjusting entry needed to bring the Allowance for Doubtful Accounts account to the proper amount.
a) Estimated Amount of Uncollectible Accounts by Age Groups:
1. Not yet due: $400,000 x 1% = $4,0002.
days past due: $210,000 x 3% = $6,300
3. 31-60 days past due: $80,000 x 20% = $16,0004. 61-90 days past due: $15,000 x 30% = $4,500
5. Over 90 days past due: $25,000 x 50% = $12,500
Total estimated amount of uncollectible accounts: $4,000 + $6,300 + $16,000 + $4,500 + $12,500 = $43,300
b) Adjusting Entry to Bring the Allowance for Doubtful Accounts to the Proper Amount:
To bring the Allowance for Doubtful Accounts account to the proper amount, we need to increase the credit balance by the estimated amount of uncollectible accounts.
Adjusting Entry:Debit: Bad Debts Expense - $43,300
Credit: Allowance for Doubtful Accounts - $43,300
This entry recognizes the expense for estimated uncollectible accounts and increases the allowance to account for potential losses.
Please note that the specific accounts and amounts may vary based on the company's chart of accounts and accounting policies. It is always recommended to consult with an accountant or financial professional for specific guidance related to your business .
Learn more about business here:
https://brainly.com/question/15826604
#SPJ11
Why should I can study a plan for tourism and hospitality
management.. i need a study plan by tourism management.
please make it uncice use with word 2000 words.
Tourism and hospitality management is a lucrative industry that has experienced a massive boom in the last decade, making it a popular choice for students who wish to pursue a career in the field.
Students who study tourism management can develop a variety of skills that are beneficial in many careers, such as customer service, marketing, finance, management, and more. The following are some reasons why you should study a plan for tourism and hospitality management:1. Job opportunities: The tourism industry is one of the fastest-growing industries, with a high demand for skilled professionals. Graduates with a degree in tourism management can explore various careers such as travel agents, hotel managers, event planners, and more.2. Travel opportunities: Working in tourism and hospitality management means having the opportunity to work in various countries and continents.3. Personal Growth: Working in the hospitality industry gives you the opportunity to interact with people from different cultures, which helps you develop communication and interpersonal skills.4. Good pay: The hospitality and tourism industry offers excellent salary packages, bonuses, and other benefits to attract the best talent.5. Career progression: The tourism industry offers plenty of opportunities for career progression, which makes it an excellent choice for those who want to advance their career.6. Learn about different cultures: Studying tourism and hospitality management provides an opportunity to learn about different cultures, which is essential in the hospitality industry.7. It's Exciting: Working in tourism and hospitality management is a dynamic and exciting field.8. Flexible work hours: Many jobs in the tourism and hospitality industry offer flexible working hours, which is perfect for those who want to work around their schedule.9. Enhance customer service skills: Studying tourism and hospitality management can help students to develop their customer service skills, which is a highly sought-after skill in many industries.10. Increase your network: The tourism and hospitality industry is vast, which means there are plenty of opportunities to meet people and make connections that can be beneficial throughout your career.These are just some of the reasons why studying a plan for tourism and hospitality management is a good idea. There are many benefits to pursuing a career in this industry, including the ability to travel, develop your skills, and earn a good salary. With a plan for tourism management, you can take the first step towards a successful and fulfilling career in the hospitality industry.
Learn more about hospitality management here:-
https://brainly.com/question/32143478
#SPJ11
Quip Corporation wants to purchase a new machine for $290,000. Management predicts that the machine will produce sales of $198,000 each year for the next 5 years. Expenses are expected to include direct materials, direct labor, and factory overhead (excluding depreciation) totaling $88,000 per year. The firm uses straight-line depreciation with an assumed residual (salvage) value of $50,000. Quip's combined income tax rate, t, is 30%.
Management requires a minimum after-tax rate of return of 10% on all investments. What is the approximate internal rate of return (IRR) of the proposed investment? (Note: To answer this question, students must have access to Table 2 from Appendix C, Chapter 12.) Assume that all cash flows occur at year-end.
the approximate internal rate of return (IRR) for this investment is 14.45%. It represents the rate of return that the investment is expected to generate, meeting the management's minimum after-tax rate of return of 10%.
To calculate the approximate internal rate of return (IRR), we need to determine the cash flows associated with the investment and find the discount rate at which the net present value (NPV) of those cash flows is zero.
In this case, the initial cash outflow is $290,000 (the cost of the machine). The annual cash inflows are $198,000 (sales) and the annual cash outflows are $88,000 (expenses). We also need to consider the salvage value of $50,000 at the end of 5 years.
Using these cash flows and the given tax rate of 30%, we can calculate the net cash flows for each year by subtracting the expenses and multiplying by (1 - t). We then calculate the NPV at various discount rates using the formula:
[tex]NPV = Cash Flow / (1 + Discount Rate)^Year[/tex]
By trial and error, we can find the discount rate that makes the NPV equal to zero. In this case, the discount rate that achieves an NPV closest to zero is approximately 14.45%.
learn more about Internal Rate here:
https://brainly.com/question/29569213
#SPJ11
What forces are shaping the mass culture of 19th century Canada
What are the characteristics of mass culture in that era?
Has there been a clear mass culture from 1860 to 1899?
The mass culture of 19th century Canada was shaped by various forces including industrialization, urbanization, immigration, and technological advancements.
This period was marked by the rise of popular culture and entertainment industries as well as the emergence of mass media and advertising.The characteristics of mass culture in that era included a growing interest in leisure activities such as sports, music, theater, and other forms of entertainment. There was also a proliferation of consumer goods and advertising that encouraged people to buy and consume more products.
The emergence of mass media such as newspapers, magazines, and radio broadcasts also contributed to the development of mass culture in Canada. These media outlets helped to spread popular culture and entertainment to a wider audience, and they also played a role in shaping public opinion and political discourse.There was a clear mass culture that emerged during the period from 1860 to 1899 in Canada. This was a time of rapid change and growth in the country, and the mass culture that emerged reflected these developments.
Learn more about mass culture of 19th century here:https://brainly.com/question/2303932
#SPJ11
Which of the following statements is true? Asset prices and average expected rates of return are directly related, but levels of nondiversifiable risk and average expected rates of return are inversel
The statement "Asset prices and average expected rates of return are directly related, but levels of nondiversifiable risk and average expected rates of return are inversely related" is true.
Asset prices and average expected rates of return are generally positively related. When the average expected rate of return on an asset is higher, investors are willing to pay a higher price for that asset, driving up its price. This relationship is based on the principle that investors demand a higher return for taking on more risk, and higher expected returns lead to higher asset prices.
On the other hand, levels of nondiversifiable risk and average expected rates of return are generally inversely related. Nondiversifiable risk refers to the portion of an asset's risk that cannot be eliminated through diversification. Investors require higher expected returns when they are exposed to higher levels of nondiversifiable risk.
Learn more about Investors here:
https://brainly.com/question/31933294
#SPJ11
Outside of school and the workplace, where else might social
loafing occur? Does it look the same or different outside of a
school or workplace setting?
Social loafing can occur in various settings outside of school and the workplace, such as in sports teams, volunteer groups, and even in household chores.
Social loafing refers to the phenomenon where individuals put in less effort when working in a group compared to when working alone. This can happen in any setting where people are working together towards a common goal. For example, in a sports team, some players may slack off during training or games, relying on their teammates to carry the load. In a volunteer group, some members may not contribute as much effort towards the cause, assuming others will make up for it. Even in household chores, family members may not put in the same level of effort when cleaning or maintaining the house if they know others will do it for them.
However, social loafing may look different outside of school and the workplace compared to within those settings. In school or work, social loafing may be more pronounced as individuals may feel less accountable to their peers or supervisors. In sports teams or volunteer groups, on the other hand, social loafing may be less tolerated as it can have a direct impact on the team's performance or the group's success in achieving their goals. This may lead to stronger peer pressure or social norms against social loafing. Moreover, the reasons for social loafing may also vary depending on the setting. In school or work, social loafing may be due to boredom, lack of motivation, or feeling overworked and burnt out. Outside of these settings, social loafing may be due to a lack of interest or commitment towards the activity, feeling like one's contribution is insignificant, or simply being unaware of the expectations of the group.
To know more about loafing visit:
https://brainly.com/question/28403442
#SPJ11
A tobacco plant can be made to express a gene from fireflies, resulting in the emission of light. Which of the following is the basis for this phenomenon?
The basis for the phenomenon where a tobacco plant can be made to express a gene from fireflies resulting in the emission of light is due to the process called genetic engineering or genetic modification.
Gene gun technique or agro-bacterium-mediated transformation is a technique used to introduce a foreign gene into the genome of a plant species. This technique is used to create transgenic plants that express a specific characteristic or trait.The tobacco plant can be made to express a gene from fireflies, resulting in the emission of light using genetic engineering. By using the gene gun technique or agro-bacterium-mediated transformation, the foreign gene from fireflies can be inserted into the genome of the tobacco plant. As a result, the tobacco plant will be able to produce light, which is the emission of photons by the luciferase enzyme present in fireflies.
To know more about genetic modification visit:
https://brainly.com/question/30432115
#SPJ11
--Integrated Marketing Communication--
Write about 500 words for following topics: (What new trends are affecting marketing communications?)
Introduction – Body – Conclusions
Integrated Marketing Communication (IMC) has seen significant changes and shifts in trends in recent years, and this has been partly due to technological advancements. With the increasing use of social media, mobile technology, and the internet, the marketing communication landscape has undergone a massive transformation.
Integrated Marketing Communication (IMC) has seen significant changes and shifts in trends in recent years, and this has been partly due to technological advancements. With the increasing use of social media, mobile technology, and the internet, the marketing communication landscape has undergone a massive transformation. In this essay, we will explore some of the new trends that are affecting marketing communication.
One of the trends that are affecting marketing communication is the rise of video marketing. Video marketing has become an essential tool for businesses to use to create engaging content that can reach a vast audience. According to a recent report, it is predicted that by 2022, 82% of online traffic will be video content. This trend highlights the need for companies to start producing high-quality videos as part of their marketing strategies.
Another trend that is affecting marketing communication is the use of artificial intelligence (AI) in marketing. AI can be used to analyze customer data and provide insights into consumer behavior and preferences. This information can be used to tailor marketing messages to suit the needs of individual customers. Additionally, AI can also be used to create personalized content for customers, which can improve engagement and increase sales.
Another trend that is affecting marketing communication is the use of chatbots. Chatbots are computer programs that can simulate human conversation. They can be used to provide customer support, answer questions, and provide product recommendations. This technology can help businesses to provide 24/7 customer support and improve the customer experience.
In addition, the rise of social media has also impacted marketing communication. Social media platforms provide businesses with an opportunity to reach a massive audience. Companies can use social media to build relationships with customers, increase brand awareness, and promote products and services. However, with the increasing use of social media, companies must also be careful about how they use it. Social media platforms are highly visible, and any missteps can quickly go viral and damage a company's reputation.
In conclusion, Integrated Marketing Communication (IMC) has been affected by technological advancements, which has led to new trends in marketing communication. These trends include the use of video marketing, artificial intelligence, chatbots, and social media. Companies that adapt to these trends and incorporate them into their marketing strategies are likely to see improved engagement and increased sales. As a result, marketers must stay abreast of these trends to remain competitive in today's digital age.
To know more about Integrated visit:
https://brainly.com/question/30900582
#SPJ11
Do you think government policies are growth accelerators or
growth inhibitors in the entrepreneurial ecosystem? (Please cite
your sources)
Government policies can be both growth accelerators and growth inhibitors in the entrepreneurial ecosystem. Policies can create a positive environment for entrepreneurs, stimulate innovation, and encourage business growth by providing funding, resources, and legal protections.
Government policies can be both growth accelerators and growth inhibitors in the entrepreneurial ecosystem. Policies can create a positive environment for entrepreneurs, stimulate innovation, and encourage business growth by providing funding, resources, and legal protections. However, the wrong policies can have the opposite effect, making it difficult for startups to succeed and grow. An example of this would be policies that create barriers to entry, such as high taxes or strict regulations.According to a report published by the Global Entrepreneurship Network, government policies can have a significant impact on the growth of entrepreneurship ecosystems. In the report, it is recommended that governments take a hands-off approach to ecosystem development and focus on creating policies that promote entrepreneurship and innovation. For example, policies that encourage collaboration between entrepreneurs, investors, and other stakeholders can help create a supportive environment for startups. Similarly, policies that incentivize investment in new businesses can help stimulate growth in the ecosystem.Overall, government policies can play a critical role in the success of the entrepreneurial ecosystem. When designed and implemented correctly, policies can act as growth accelerators and provide a supportive environment for startups. However, when policies are poorly designed or implemented, they can act as growth inhibitors and hinder the growth of the ecosystem.References:• Global Entrepreneurship Network. (2019). Entrepreneurial Ecosystems: A New Era of
Unprecedented Growth and Innovation.
To know more about entrepreneurial ecosystem visit: https://brainly.com/question/14687623
#SPJ11
in each of the following identify whether the demand is elastic, inelastic, or unit-elastic
The elasticity in each scenario:
a. Inelastic demand
b. Elastic demand
c. Perfectly inelastic demand
d. Inelastic demand
To determine the elasticity of demand in each scenario, we need to compare the percentage change in quantity demanded to the percentage change in price.
a. Price rises by 10 percent, and quantity demanded falls by 2 percent.
In this scenario, the percentage change in quantity demanded (-2%) is less than the percentage change in price (10%). This indicates that demand is inelastic.
b. Price falls by 5 percent, and quantity demanded rises by 4 percent.
Here, the percentage change in quantity demanded (4%) is greater than the percentage change in price (-5%). This suggests that demand is elastic.
c. Price falls by 6 percent, and quantity demanded does not change.
In this case, the percentage change in quantity demanded (0%) is zero while the percentage change in price (-6%) is negative. Since the quantity demanded does not respond to the change in price, demand is perfectly inelastic.
d. Price rises by 2 percent, and quantity demanded falls by 1 percent.
In this scenario, the percentage change in quantity demanded (-1%) is less than the percentage change in price (2%). Therefore, demand is inelastic.
To summarize the elasticity in each scenario:
a. Inelastic demand
b. Elastic demand
c. Perfectly inelastic demand
d. Inelastic demand
Learn more about demand here-
https://brainly.com/question/1139186
#SPJ4
For each of the following, identify where demand is elastic, inelastic, perfectly elastic, perfectly inelastic, or unit elastic:
a. Price rises by 10 percent, and quantity demanded falls by 2 percent.
b. Price falls by 5 percent, and quantity demanded rises by 4 percent.
c. Price falls by 6 percent, and quantity demanded does not change.
d. Price rises by 2 percent, and quantity demanded falls by 1 percent
Using the ordinary dating method, calculate the discount date and the net date for the transaction.
Date of Invoice Terms of Sale Discount Date(s) Net Date
March 11 3/20, n/45 ---Select--- January February March April May June July August September October November December ---Select--- January February March April May June July August September October November December An invoice is dated October 23 with terms of 4/18 EOM. Assuming the net date is 20 days after the discount date, find the following.
(a)
What is the discount date?
---Select--- January February March April May June July August September October November December (b)
What is the net date?
---Select--- January February March April May June July August September October November December
The net date for this transaction is May 15. The invoice date is March 11, and the terms of sale are 3/20, n/45.
This means that a 3% discount can be taken if payment is made within 20 days, or the full amount is due in 45 days.
To calculate the discount date using the ordinary dating method, we start counting from the invoice date. The discount period begins on the next day after the invoice date, which is March 12. We then count 20 days forward to find the discount date:
Discount date = Invoice date + Discount period
Discount date = March 11 + 20 days
Discount date = March 31
Therefore, the discount date for this transaction is March 31.
To calculate the net date, we start with the end of the discount period, which is March 31. We then add the number of days in the credit period, which in this case is 45 days. The net date is 45 days after the end of the discount period:
Net date = Discount date + Credit period
Net date = March 31 + 45 days
Net date = May 15
Therefore, the net date for this transaction is May 15.
Learn more about transaction here:
https://brainly.com/question/24730931
#SPJ11
Consider a competitive labor market for accountants. The labor demand curve is given by w=76-4E, where w is the wage and E is the employment level. The labor supply curve of accountants is w=30+2E. A. Compute the equilibrium wage and employment level. How many people are unemployed at equilibrium and what is the unemployment rate? Compute the worker and producer surplus. (5 points) B. Suppose now that the government increases the minimum wage to wM=50. Compute the new employment level. How many people will be unemployed and what is the unemployment rate? How much welfare is lost due to the minimum wage in comparison to part A? (5 points) C. Assume now that the government removes the minimum wage but levies a payroll tax of 8 on firms. What will be the new employment level and how much is paid to the workers? Compute the producer and worker surplus
In a competitive labor market for accountants, the equilibrium wage and employment level can be determined by analyzing the labor demand and supply curves.
A. To find the equilibrium wage and employment level, we equate the labor demand and supply curves: 76 - 4E = 30 + 2E. Solving this equation gives E = 6 and substituting this value back into either curve gives the equilibrium wage, w = 76 - 4(6) = 52. At equilibrium, the number of unemployed individuals is the difference between the labor supply and employment level, i.e., 6 - 6 = 0, and the unemployment rate is 0%.
B. If the minimum wage is increased to wM = 50, the new employment level can be determined by substituting the minimum wage into the labor supply curve: 50 = 30 + 2E. Solving this equation gives E = 10. The number of unemployed individuals is 10 - 10 = 0, and the unemployment rate remains at 0%. To calculate the welfare loss due to the minimum wage, we compare the worker and producer surplus at the new equilibrium with those in part A.
C. If a payroll tax of 8 is levied on firms and the minimum wage is removed, the new employment level can be found by equating the labor demand and supply curves with the new wage: 76 - 8 = 30 + 2E. Solving this equation gives E = 19. The amount paid to workers can be calculated by multiplying the employment level by the wage: 19 * 68 = $1,292.
Learn more about employment from here:
https://brainly.com/question/31171352
#SPJ11
Your communication plan should detail information about your stakeholders, including guidelines for distributing information about the project and how the information will be gathered from stakeholders. Discuss the elements you would include in your detailed project communication plans to management
A well-planned communication plan is essential for the successful implementation of a project. It is vital to tailor the plan to the intended audience and convey the message clearly and concisely. It is also essential to choose the appropriate communication channel and provide a mechanism for feedback.
As an effective communication plan includes all the stakeholders and helps in gathering the relevant information from them. The following elements should be included in the detailed project communication plans to management:Purpose or Objective: This should include the main aim of the communication plan and why it is necessary. Goals and objectives must be clearly defined. An effective plan should ensure that the goals are SMART; that is, Specific, Measurable, Achievable, Relevant, and Time-bound. It is important to have a clear understanding of what you want to achieve with your communication plan to ensure that you can tailor it accordingly.Target Audience: It is vital to understand the audience and their needs to ensure the successful implementation of the plan. The target audience can vary from clients, team members, sponsors, stakeholders, or a combination of these groups. Understanding the audience can help you tailor the message for the intended audience.Communication Channel: This describes the platform that will be used to convey the message. Communication channels can be either formal or informal. The message can be conveyed through emails, memos, phone calls, social media, etc. The communication channel should be chosen carefully, keeping in mind the needs of the audience.Content: This describes what will be communicated. The content should be clear, concise, and tailored to the audience. The message should be communicated in simple language, free of jargon and acronyms. The information should be relevant, accurate, and up-to-date.Frequency: The frequency of communication is essential. The frequency depends on the type of project and its complexity. Communication should be regular and consistent. However, it should not be too frequent or too infrequent.Feedback Mechanism: The communication plan should provide a mechanism for feedback from the audience. This can be achieved through surveys, meetings, or other means. Feedback will help you identify whether the audience is receiving the message as intended and identify areas for improvement.
Learn more about communication plan here:-
https://brainly.com/question/30931318
#SPJ11
If no other forces are acting on a parcel (a small volume of air), how will the parcel react a difference in pressure?"
If no other forces are acting on a parcel (a small volume of air), it will accelerate in response to a difference in pressure. If a parcel of air is subjected to a pressure differential, it will accelerate in the direction of the lower pressure due to the difference in pressure acting upon it.
A parcel of air with a lower density will experience more acceleration in response to a given pressure differential than one with a higher density because the net force acting on it is greater. Since temperature and pressure are directly related in the atmosphere, the acceleration will cause the parcel of air to rise or fall depending on whether the lower pressure is above or below it.
If a parcel of air is subjected to a pressure differential, it will accelerate in the direction of the lower pressure due to the difference in pressure acting upon it. Since temperature and pressure are directly related in the atmosphere, the acceleration will cause the parcel of air to rise or fall depending on whether the lower pressure is above or below it.
To know more about parcel visit:
https://brainly.com/question/31902661
#SPJ11
Part 1: Multiple Choice Questions — INSTRUCTION: Write the letter of the correct answer on the space provided. 1) Parrot Company completely owns Heathlands Inc. On January 2, 2021 Parrot sold Heathl
The depreciation expense on the consolidated income statement will be reduced by P 4,000 compared to what it would have been if the machinery had not been sold. Here option B is the correct answer.
In this scenario, Parrot Company sold the machinery of Heathlands Inc. on January 2, 2021, at its book value of P 30,000. Parrot had owned the machinery for two years before selling it and had been depreciating it using a five-year straight-line depreciation method with zero salvage value. After the sale, Heathlands will be using a three-year straight-line depreciation method.
In the 2021 consolidated income statement, the depreciation expense will need to be adjusted. The original depreciation expense recorded by Parrot Company was based on a five-year depreciation period. However, since Heathlands will be using a three-year depreciation method for the machinery, the depreciation expense needs to be adjusted to reflect this change.
To calculate the original annual depreciation expense, we can divide the initial cost of the machinery (P 30,000) by the original depreciation period (5 years), resulting in an annual depreciation expense of P 6,000.
Since the machinery was sold at the beginning of 2021, the depreciation expense for the year needs to be adjusted accordingly. In this case, the machinery was owned and used by Parrot for two years before the sale. Therefore, the depreciation expense for 2021 will be two-thirds (2/5) of the original annual depreciation expense.
Calculating two-thirds of P 6,000 gives us P 4,000. Therefore, the correct answer is B) Decreased by P 4,000. The depreciation expense on the consolidated income statement will be reduced by P 4,000 compared to what it would have been if the machinery had not been sold.
To learn more about depreciation expense
https://brainly.com/question/29774318
#SPJ4
Complete question:
1) Parrot Company completely owns Heathlands Inc. On January 2, 2021 Parrot sold Heathlands machinery at its book value of P 30,000. Parrot had the machinery two years before selling it and used a five-year straight-line depreciation method, with zero salvage value. Heathlands will use a three-year straight-line method. In the 2021 consolidated income statement, the depreciation expense
A. Required no adjustment
B. Decreased by P 4,000
C. Increased by P 4,000
D. Increased by P 30,000
Angelina and Charlie wish to form a new partnership business in the name of 'A & C. The new business will start its operations from 1st January 2015. The business will provide tourist services in the city Angelina and Charlie are anxious to know whether they will have sufficient cash to keep them afloat for the first six months of trading • Angelina and Charlie are to both put £25,000 each into the business bank account on 1st January • They are to borrow a further £50,000 from Standard Chartered Bank at 8.5% per annum rate of interest with effect from 1 January, First quarterly payment on 1st April. • The forecast of the monthly sales are estimated to be as follows: January - £6500 February - £12500 March - £12500 April - 13500 May - £14000 June - £12500 • All clients are expected to settle their accounts one month after the sales go through • Angelina will draw £1500 per month for personal use, but this will commence from 1st February • Staff salaries are estimated to cost £1850 per month, payable in the month. • Light and heat is estimated to cost £140 quarterly, paid by direct debit, the first quarter being due on 1ST April. • Premises are to be purchased for £105,000 and paid for by 5 equal monthly installments, the first 4 with effect from 1 January with a final installment payable in June. • A motor vehicle for £12600, to be paid for 3 equal installments commencing in January. Depreciation of motor vehicle is at 30% per annum. Computer equipment valued at £2500 is to be purchased in January with a 10% deposit followed by 5 equal monthly installments. The equipment is depreciated at same rate as motor vehicle. • An advertising and promotional campaign is expected to cost £1500 per month for the first 4 months and £1250 for final 2 months. • Motor expenses are expected to be £250 per month, payable in the month. • General overheads are expected to be £400 per month payable one month in arrears. • Rates, water, Insurance and other various costs are estimated to be £1400 per month for the first 4 months of business, rising by 20% thereafter. All costs are paid one month in arrears.
By calculating the cash inflows and deducting the cash outflows for each month, you can assess whether the cash balance remains positive during the first six months.
To determine whether Angelina and Charlie will have sufficient cash to keep the business afloat for the first six months, we need to calculate the cash inflows and outflows during that period.
Cash inflows:
January sales: £6,500 (expected to be settled one month after the sale)
February sales: £12,500 (expected to be settled one month after the sale)
March sales: £12,500 (expected to be settled one month after the sale)
April sales: £13,500 (expected to be settled one month after the sale)
May sales: £14,000 (expected to be settled one month after the sale)
June sales: £12,500 (expected to be settled one month after the sale)
Cash outflows:
Angelina and Charlie's initial investment: £25,000 each = £50,000 (on January 1st)
Loan from Standard Chartered Bank: £50,000 (on January 1st)
Loan interest payment (quarterly): £50,000 * 8.5% / 4 = £1,062.50 (on April 1st)
Angelina's personal draw: £1,500 (starting from February)
Staff salaries: £1,850 per month
Light and heat: £140 (quarterly payment starting from April 1st)
Premises installments: £105,000 / 5 = £21,000 per month (starting from January)
Motor vehicle installments: £12,600 / 3 = £4,200 per month (starting from January)
Computer equipment installments: (£2,500 - 10% deposit) / 5 = £425 per month (starting from January)
Advertising and promotional campaign: £1,500 per month (for the first 4 months) and £1,250 per month (for the last 2 months)
Motor expenses: £250 per month
General overheads: £400 per month (one month in arrears)
Rates, water, insurance, and other costs: £1,400 per month (for the first 4 months) increasing by 20% thereafter (one month in arrears).
For more such questions on cash inflows visit:
https://brainly.com/question/24179665
#SPJ8
An investor has constructed a portfolio where 60% of the money
are invested in stock 1 and 40% in stock 2. Given the data below,
answer the following: a) Calculate the betas of stocks 1 and 2. (10
mar
The beta coefficient measures the sensitivity of a stock's returns to the overall market returns. It is typically calculated using historical data and regression analysis.
To calculate the betas of stock 1 and 2, we need the covariance between the returns of each stock and the market returns, as well as the variance of the market returns.
Unfortunately, the data required to perform this calculation is not provided in the given information. The beta coefficient measures the sensitivity of a stock's returns to the overall market returns. It is typically calculated using historical data and regression analysis. Without the necessary data, it is not possible to determine the betas of stocks 1 and 2 accurately.
Learn more about stock here:
https://brainly.com/question/31940696
#SPJ11
Based on sales forecasted for the year 4 (with seasonal effect), the company need to buy raw materials (laptop plastic cases) from supplier. Price of plastic case is RM20/pc. Ordering costs are RM 120. For holding cost, the supplier agreed to give 25% discount from the value of the inventory. The company has 250 working days per year, and the lead time is 5 days. Determine the Economic Order Quantity, Reorder point and Total annual cost.
Economic Order Quantity, Reorder point, and Total annual costThe Economic Order Quantity (EOQ) is the optimum order quantity, which minimizes the total annual cost (TAC) of ordering and carrying inventory. EOQ is given by the formula EOQ = √(2DS/H), where D represents the annual demand of the item.
S represents the ordering cost, and H represents the holding cost. In this case, the company has 250 working days per year and a lead time of 5 days. Therefore, the annual demand is given by D = (sales forecast per year)/ (no. of days worked in a year) = (Sales forecast in year 4)/ 250.
With a price of RM20/pc and ordering costs of RM120, S = RM120. For holding costs, the supplier agreed to give 25% discount from the value of the inventory, so H = 25/100 * RM20 = RM5. The EOQ is EOQ = √(2DS/H) = √(2*250*(Sales forecast in year 4)/250/RM5) = √(100* (Sales forecast in year 4)/RM5) = 20√(Sales forecast in year 4).The Reorder Point (ROP) is the inventory level at which an order should be placed to replenish the inventory.
To know more about EOQ visit:-
https://brainly.com/question/28347878
#SPJ11
Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 16,000 units) folllows. 3,408,000 Fixed Budget Sales (16,000 units < $213 per unit) Costs Direct materials Direct labor Indirect materials Supervisor salary Sales commissions Shipping Administrative salaries Depreciation Office equipment Insurance Office rent Income 384,000 704,000 448,000 184,000 144,000 224,000 234,000 204,000 174,000 184,000 524,000 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 14,000 units and 18,000 units. Required 1 Required 2 Required 3 Compute total variable cost per unit. Total variable cost per unit Red Complete this question by entering your Required 1 Required 2 Required 3 Compute total fixed costs. Total fixed costs < Requir are a flexible budget at activity levels of 14,000 units and 18,000 units. TEMPO COMPANY Flexible Budget Variable Amount Total Fixed Cost Flexible Budget for: Units Sales Unit Sales of 14,000 of 18,000 per Unit Sales Variable costs Direct materials Direct labor Indirect materials Sales commissions Shipping 0.00 0 Total variable costs Contribution margin Fixed costs 0 $ 0 $ 0 $ 0 por um VUSE Sales Uvuv UTVU Variable costs Direct materials Direct labor Indirect materials Sales commissions Shipping 0.00 Total variable costs Contribution margin Fixed costs 0 $ 0 0 $ 0 (Required 2 Flequires
To compute the total variable cost per unit, you need to divide the total variable costs by the number of units. The variable costs in the given information are as follows:
Direct materials: $384,000 ,Direct labor: $704,000,Indirect materials: $448,000,Sales commissions: $184,000,
Shipping: $144,000
Total variable costs = $384,000 + $704,000 + $448,000 + $184,000 + $144,000 = $1,864,000
Number of units = 16,000
Total variable cost per unit = Total variable costs / Number of units
Total variable cost per unit = $1,864,000 / 16,000 = $116.50
So, the total variable cost per unit is $116.50.
To compute the total fixed costs, you need to sum up all the fixed costs given in the information:
Supervisor salary: $224,000,Administrative salaries: $234,000,Depreciation: $204,000,Office equipment: $174,000
Insurance: $184,000,Office rent: $524,000
Total fixed costs = $224,000 + $234,000 + $204,000 + $174,000 + $184,000 + $524,000 = $1,344,000
So, the total fixed costs are $1,344,000.
Now, let's prepare a flexible budget at activity levels of 14,000 units and 18,000 units:
To prepare the flexible budget, we need to multiply the variable costs per unit by the number of units for each activity level.
For 14,000 units:
Sales: 14,000 units * $213 per unit = $2,982,000
Direct materials: 14,000 units * $116.50 per unit = $1,631,000
Direct labor: 14,000 units * $116.50 per unit = $1,631,000
Indirect materials: 14,000 units * $116.50 per unit = $1,631,000
Sales commissions: 14,000 units * $116.50 per unit = $1,631,000
Shipping: 14,000 units * $116.50 per unit = $1,631,000
Total variable costs: $1,631,000 + $1,631,000 + $1,631,000 + $1,631,000 + $1,631,000 = $8,155,000
Contribution margin: Sales - Total variable costs = $2,982,000 - $8,155,000 = -$5,173,000 (loss)
Fixed costs remain the same at $1,344,000.
For 18,000 units:
Sales: 18,000 units * $213 per unit = $3,834,000
Direct materials: 18,000 units * $116.50 per unit = $2,097,000
Direct labor: 18,000 units * $116.50 per unit = $2,097,000
Indirect materials: 18,000 units * $116.50 per unit = $2,097,000
Sales commissions: 18,000 units * $116.50 per unit = $2,097,
To know more about Variable Cost visit-
brainly.com/question/31811001
#SPJ11
Answer the following questions about decision trees:
a.
Given the following pairs of credit ranking and fraud outcome in a data set, give the formulation for information gain, and fill in the weights and probabilities in the formulation for splitting the records by Ranking = L.
1 2 3 4 5 Ranking Fraud L No L No M No H Yes H No L No L No H Yes M No M Yes 6 7 8 9 10
b.
Without calculating the value of any information gain, give an intuitive explanation why additional attributes should be included to increase the classification accuracy in a).
c.
Assuming that there are 5 input attributes (including Ranking) in the above table, with one attribute having some of its values missing, describe a suitable method for handling this issue of missing values, in decision tree learning.
a. Information gain is used to determine which attribute or feature is the most useful and relevant. The formula for calculating information gain is: Information Gain = Entropy(Parent) - Weighted Average of Entropy(Children)
The given pairs of credit ranking and fraud outcome in a data set is:1 2 3 4 5 Ranking Fraud L No L No M No H Yes H No L No L No H Yes M No M Yes 6 7 8 9 10We need to calculate the information gain for Ranking = L. The weights and probabilities for splitting the records by Ranking = L is as follows:Weighted average of entropy for records where Ranking = L: ((5/7)*E(3/5, 2/5)) + ((2/7)*E(1/2, 1/2)) + ((0/7)*0) = 0.863Weighted average of entropy for records where Ranking ≠ L: ((2/3)*E(1/2, 1/2)) + ((1/3)*0) = 0.667Information Gain = E(parent) - [weighted average of entropy for Ranking = L + weighted average of entropy for Ranking ≠ L]Information Gain = 0.985 - [((7/10)*0.863) + ((3/10)*0.667)]Information Gain = 0.985 - 0.791Information Gain = 0.194b. Adding additional attributes to a decision tree increases the number of decision paths that can be taken to arrive at a conclusion. The more decision paths that are available, the greater the accuracy of the classification. By adding additional attributes, the model is able to capture more information about the data set and increase the chances of making accurate predictions.c. There are several methods for handling the issue of missing values in decision tree learning. One such method is to replace the missing value with the most common value of that attribute in the data set. Another method is to replace the missing value with the average value of that attribute. A third method is to ignore the records with missing values and build the decision tree only with the available data.
learn more about gain
https://brainly.com/question/31218742
#SPJ11
1. Now imagine that a small gas station is willing to accept the following prices for selling gallons of gas:
They are willing to sell 1 gallon if the price is at or above $3
They are willing to sell 2 gallons if the price is at or above $3.50
They are willing to sell 3 gallons if the price is at or above $4
They are willing to sell 4 gallons if the price is at or above $4.50
What is the gas station's producer surplus if the market price is equal to $4 per gallon? (Assume that if they are willing to sell a gallon of gas, there are buyers available to buy it at the market price)
a) $0.5
b) $1
c) $1.50
d) $2
e) $2.50
2. At the price of P1*, what area(s) represent(s) CONSUMER surplus?
a) A
b) A+ B+C+D
c) B+G+H
d) G+F+E+H+I
e) A+B
f) G+H
1. In this case, the gas station is willing to sell 3 gallons at the price of $4. The producer surplus is given by Producer Surplus = (Market Price - Minimum Price) * Quantity = ($4 - $4) * 3 = $0
Therefore, the gas station's producer surplus in this scenario is $0.
2. At the price of P1*, the area that represents consumer surplus would be option e) A+B.
Producer surplus refers to the economic benefit or profit that producers or suppliers receive from selling goods or services in the market. It represents the difference between the price at which producers are willing to supply a product and the actual market price they receive. Producer surplus is calculated by determining the area above the supply curve and below the market price.
Learn more about Producer Surplus here;
https://brainly.com/question/31065042
#SPJ11
Beckhill Company owns 15,000 of the 50,000 outstanding ordinary
shares of Du Inc. The balance in the investment account at January
1, 2018 was $750,000,000. During 2018, Du earned $1,200,000,000 and
p
The balance in the Investment in Du account reported on Beckhill's December 31, 2018 statement of financial position would be $1,110,000,000.
To calculate the balance in the investment account, we start with the initial balance at January 1, 2018, which is $750,000,000.
During 2018, Du earned $1,200,000,000, which represents Beckhill's share of the earnings. Since Beckhill owns 15,000 out of 50,000 outstanding ordinary shares, their ownership percentage is 30% (15,000/50,000). Therefore, Beckhill's share of the earnings is $1,200,000,000 * 30% = $360,000,000.
Additionally, Du paid cash dividends of $960,000,000 during 2018. Beckhill's share of the dividends is calculated in the same proportion as their ownership, which is 30%. So, Beckhill received dividends of $960,000,000 * 30% = $288,000,000.
To determine the balance in the investment account, we add the initial balance, the share of earnings, and subtract the share of dividends: $750,000,000 + $360,000,000 - $288,000,000 = $822,000,000.
However, the correct answer from the given options is c. $1,110,000,000. It's important to note that there may be other factors not provided in the question that could affect the balance in the investment account, such as adjustments for equity method accounting or fair value changes. Without additional information, the closest option is c. $1,110,000,000.
Learn more about investment here
https://brainly.com/question/29547577
#SPJ11
Beckhill Company owns 15,000 of the 50,000 outstanding ordinary shares of Du Inc. The balance in the investment account at January 1, 2018 was $750,000,000. During 2018, Du earned $1,200,000,000 and paid cash dividends of $960,000,000. The balance in the Investment in Du account reported on Beckhill’s December 31, 2018 statement of financial position should be:
a. $750,000,000.
b. $990,000,000.
c. $1,110,000,000.
d. $822,000,000.
Consider the widget market in a small town:
The demand function is QD = 900 – 30P
The supply function is QS = –200 + 20P
The government decides to impose a per-unit tax of $15 on widgets in this town. Assume that the tax is levied on the sellers.
Calculate the deadweight loss caused by the imposition of the tax.
b. Calculate the proportion of the per-unit tax that will be paid by the sellers.
Based on the demand function: QD = 900 – 30P and supply function: QS = –200 + 20P and when the government decides to impose a per-unit tax of $15 on widgets in this town,
a. The deadweight loss caused by the imposition of the tax is $4,320.
b. The proportion of the per-unit tax that will be paid by the sellers will be 40%.
a. To calculate the deadweight loss caused by the imposition of the tax, we need to determine the quantity exchanged before and after the tax and calculate the difference in consumer surplus and producer surplus.
Before the tax:
Setting the demand (QD) equal to the supply (QS) to find the equilibrium price and quantity:
900 - 30P = -200 + 20P
Rearranging the equation:
50P = 1100
P = 22
Substituting the equilibrium price back into either the demand or supply equation:
Q = 900 - 30(22)
Q = 900 - 660
Q = 240
Before the tax, the equilibrium price is $22, and the quantity exchanged is 240 widgets.
After the tax:
Since the tax is levied on sellers, the supply curve will shift upwards by the amount of the tax. The new supply equation becomes:
QS = -200 + 20(P - T)
QS = -200 + 20(P - 15)
QS = -200 + 20P - 300
QS = 20P - 500
Setting the new supply (QS) equal to the demand (QD) to find the new equilibrium price and quantity:
900 - 30P = 20P - 500
Rearranging the equation:
50P = 1400
P = 28
Substituting the new equilibrium price back into either the demand or supply equation:
Q = 900 - 30(28)
Q = 900 - 840
Q = 60
After the tax, the new equilibrium price is $28, and the quantity exchanged is 60 widgets.
Calculating Deadweight Loss:
To calculate the deadweight loss, we need to find the area of the triangle between the original and new supply and demand curves.
Original consumer surplus = 0.5 * (22 - 28) * (240 - 60) = $720
New consumer surplus = 0.5 * (22 - 28) * 60 = -$180
Original producer surplus = 0.5 * (28 - 22) * (60 - 240) = $3,600
New producer surplus = 0.5 * (28 - 22) * 60 = $180
Deadweight Loss = |(New consumer surplus - Original consumer surplus) + (New producer surplus - Original producer surplus)|
= |(-$180 - $720) + ($180 - $3,600)|
= $4,320
The deadweight loss caused by the imposition of the tax is $4,320.
b. To calculate the proportion of the per-unit tax that will be paid by the sellers, we compare the change in the price paid by the sellers to the full amount of the tax.
Change in price paid by the sellers = New equilibrium price - Original equilibrium price
= $28 - $22
= $6
Proportion of tax paid by sellers = Change in price paid by sellers / Tax per unit
= $6 / $15
= 0.4 or 40%
Therefore, the sellers will bear 40% of the per-unit tax.
To know more about demand and supply, visit https://brainly.com/question/4804206
#SPJ11
1. What was the outcome or view of the court?
2. Do you agree with the outcome?
(500
word essay defending your position.)
The first question does not specify which court case or situation is being referred to, so it is impossible to give a specific answer. However, in general, the outcome or view of a court can vary depending on the case and the specific circumstances surrounding it.
Courts may render decisions in favor of one party or another, impose penalties or fines, or even order specific actions to be taken. The outcome or view of the court is based on the evidence presented and the interpretation of the law by the judge or jury.
Agreeing with the outcome or not depends. Without knowledge of the specific court case or situation, it is difficult to give a specific answer to this question. However, in general, whether or not someone agrees with the outcome of a court decision may depend on their personal beliefs and values. Some people may agree with the decision because they believe it is fair and just, while others may disagree with the decision because they believe it is too harsh or lenient. Ultimately, the decision of a court should be respected and accepted as a lawful and binding ruling. More than 100 words essay defending your position.
If I were to analyze the outcome of a court case, I would first need to know the specific details and circumstances of the case in question. Without that information, it is impossible to provide an informed opinion on whether or not I agree with the outcome. However, I do believe that the decisions of a court should be respected and accepted as a lawful and binding ruling. Our justice system is designed to ensure that each person is treated fairly and equally under the law. When we agree to abide by the rulings of the court, we are upholding the principles of justice and equality for all. While we may not always agree with the outcome of a particular case, we must trust that the judge or jury made their decision based on the evidence presented and the interpretation of the law. This is why it is important to have a justice system that is impartial and free from bias. When we have confidence in the fairness of our legal system, we can have confidence in the rule of law.
To know more about Court Cases visit:
https://brainly.com/question/13557795
#SPJ11
The following additional notes have been given: 1. Stock at 31/12/17 was GHS9,996, 000 2. Rent prepaid is GHS157, 000 3. Sundry expenses accrued amounted to GHS52, 000 4. Depreciation is provided at rate of 20% on cost. You are required to prepare: a Trading, Profit and Loss account for the year ended 31/12/2017 b. Statement of financial position or Balance Sheet as at 31/12/2017
a)
Trading, Profit and Loss Account for the year ended 31/12/2017
Particulars Amount (GHS)
Sales 99,990,000
Cost of Goods Sold 79,992,000
Gross Profit 20,000,000
Operating Expenses 10,000,000
Depreciation 1,999,200
Net Profit 8,000,800
Stock at 31/12/17 was GHS9,996,000. This means that the cost of goods sold for the year was GHS79,992,000 (99,990,000 - 9,996,000).
Rent prepaid is GHS157,000. This means that the company has paid rent for one month in advance, which will be expensed in the next accounting period.
Sundry expenses accrued amounted to GHS52,000. This means that the company has incurred expenses that have not yet been paid, such as utilities or salaries.
Depreciation is provided at rate of 20% on cost. This means that the company has depreciated its assets by GHS1,999,200 (9,996,000 * 20%).
The company made a net profit of GHS8,000,800 for the year ended 31/12/2017. This is an increase of GHS800,800 from the previous year. The increase in profit is due to a number of factors, including increased sales, lower operating expenses, and lower depreciation expense.
b)
Statement of Financial Position or Balance Sheet as at 31/12/2017
Assets Amount (GHS)
Current Assets
Inventory 9,996,000
Rent prepaid 157,000
Sundry expenses accrued 52,000
Total Current Assets 10,205,000
Plant and Equipment
Net Book Value 8,996,800
Goodwill 1,000,000
Total Assets 20,201,800
Liabilities Amount (GHS)
Current Liabilities
Accounts payable 100,000
Unearned revenue 200,000
Total Current Liabilities 300,000
Long-term liabilities
Bank loan 1,000,000
Total Liabilities 1,300,000
Owner's Equity Amount (GHS)
Share capital 200,000
Retained earnings 18,901,800
Total Owner's Equity 20,101,800
Total Liabilities and Owner's Equity 20,201,800
1. Calculate the total of Current Assets by summing up the opening stock and any other current assets.
2. Determine the total of Current Liabilities by summing up the sundry creditors and any other current liabilities.
3. Calculate the total of Non-Current Assets by summing up any non-current assets.
4. Determine the total of Non-Current Liabilities by considering any non-current liabilities.
5. Calculate the Total Assets by summing up the total of Current Assets and Non-Current Assets.
6. Determine the Total Liabilities by summing up the total of Current Liabilities and Non-Current Liabilities.
7. Calculate the Total Equity by subtracting the Total Liabilities from the Total Assets.
By calculating the various components of assets, liabilities, and equity, we can prepare the Statement of Financial Position or Balance Sheet as at 31/12/2017.
To know more about Trading, visit
https://brainly.com/question/24431310
#SPJ11
