The equivalent units of production for direct materials is 100,000 units and for conversion is 112,000 equivalent units.
To calculate the equivalent units of production for direct materials and conversion, we need to take into account the units completed and transferred out, as well as the ending work in process inventory. Since the company uses the weighted-average method, we need to calculate the equivalent units of production for both direct materials and conversion separately.
Direct Materials:
The units completed and transferred out are fully complete, so we can simply use the number of units completed and transferred out as the equivalent units of production for direct materials. Therefore, the equivalent units of production for direct materials are 100,000 units.
Conversion:
To calculate the equivalent units of production for conversion, we need to take into account the units completed and transferred out, as well as the ending work in process inventory, and adjust for the percentage of completion of conversion for both.
Units completed and transferred out: 100,000 units
Ending work in process inventory:
30,000 units x 40% conversion complete = 12,000 equivalent units of production
30,000 units x 75% direct materials complete = 22,500 direct materials equivalent units
Total equivalent units of production for conversion:
= 100,000 + 12,000
= 112,000 equivalent units of production
Therefore, the equivalent units of production for direct materials is 100,000 units and for conversion is 112,000 equivalent units.
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in 2020, kendall ford, an automobile dealership, spent $20,000 on a new car lift for its repair shop, $2,000 on a new copy machine for its sales division, and $600,000 on ford motor company stock. unsold cars and trucks were valued at $400,000 on january 1, 2020 and unsold cars and trucks were valued at $900,000 on december 31, 2020. what is kendall ford's total investment spending in 2020?
In 2020, Kendall Ford's total investment spending is $622,000. Investment spending refers to the amount invested in capital goods, such as machinery, equipment, factories, and buildings, that are used to generate future production.
When companies invest in new plants and equipment, they are expanding their productive capacity, which may result in higher sales and profits. Investment spending is classified into three categories: residential investment, business investment, and inventory investment.
Solution In 2020, Kendall Ford's total investment spending can be determined by adding up the cost of the new car lift for its repair shop, the new copy machine for its sales division, and the purchase of Ford Motor Company stock.
The total investment spending is given by: Total investment spending = Cost of new car lift + Cost of new copy machine + Cost of Ford Motor Company stock= $20,000 + $2,000 + $600,000= $622,000 Therefore, Kendall Ford's total investment spending in 2020 is $622,000.
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cloud kicks (ck) is partnering with a used shoe store and second-hand bicycle emporium. ck has an automated business process it wants to run once a week to count the number of open cases related to an account. how should the administrator recommend automating this business process?
The administrator should recommend using a workflow rule in the cloud-based CRM system to automate the weekly counting of open cases related to the account.
The job should be programmed to query the database of open cases related to the account and count the number of cases that meet the criteria. The results of the query should be emailed or posted to a dashboard so that CK and the used shoe store can see the results.
Using a scheduled or batch job to automate the process will ensure that it runs regularly and accurately without requiring manual intervention. This will save time and effort for both CK and the used shoe store.
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when a firm ignores the opportunity cost of capital when making investment or shutdown decisions, this is a case of
The answer is c. Hidden-cost fallacy. A hidden-cost fallacy occurs when a company decides to invest or close down without considering the potential cost of capital.
The sunk cost fallacy describes our propensity to carry on with a project we've put money, time, or effort into, even if the current costs outweigh the benefits. Even though the phrase sounds like technical jargon, it is a frequent mistake in both personal and professional decision-making.
The Sunk Cost Fallacy describes our propensity to continue with a project after devoting time, money, or effort to it, regardless of whether the current costs outweigh the benefits.
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Note that the full question is :
When a firm ignores the opportunity cost of capital when making investment or shutdown decisions, this is a case of
a. Fixed-cost fallacy
b. Sunk-cost fallacy
c. Hidden-cost fallacy
d. None of the above
a borrower has secured a 30-year, $150,000 loan at 7% with monthly payments. fifteen years later, the borrower has the opportunity to refinance the loan with a fifteen-year mortgage at 6%. however, the upfront fees, which will be paid in cash are $3,125. what is the return on investment if the borrower expects to remain in the loan for the next fifteen years?
A borrower has secured a 30-year, $150,000 loan at 7% with monthly payments. fifteen years later, the borrower has the opportunity to refinance the loan with a fifteen-year mortgage at 6%. however, the upfront fees, which will be paid in cash are $3,125. The return on investment if the borrower expects to remain in the loan for the next fifteen years is 0.001184 or 0.1184%.
The return on investment (ROI) if the borrower expects to remain in the loan for the next fifteen years would be 0.001184 or 0.1184%.
Present Value of the Loan = PV = $150,000
Interest Rate per period on initial loan = R = 7%/12 = 0.00583
Period of initial loan = N = 15*12 = 180
Payment per period on initial loan = PMT = $1,048.57
Interest rate per period on the refinanced loan
= 6%/12 = 0.0050Period of refinanced loan = 15*12 = 180
Payment per period on refinanced loan = PMT Refinance Cost
= FC = $3,125
Future Value of the initial loan after 15 years
= FV = PV*(1+R)^N-PMT/R = $79,141.35
The Future value of the loan after refinancing
= PV*(1+R)^N-PMTR*(1+R)^N-PMT/R
= $33,575.27
Refinance savings = S = $79,141.35 - $33,575.27
= $45,566.08
The ROI on refinancing the loan can be calculated by dividing the savings by the cost of refinancing.
ROI = Savings / Cost = $45,566.08 / $3,125 = 14.50
Thus, the ROI would be 0.001184 or 0.1184%.
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martin began saving $5,000 per year from age 25 to age 35 (ten years) and then invested the funds for another 30 years. bob began saving at age 35 and saved $5,000 each year until he tired at age 65 (30 years. ) what rate of return will martin and bob have the exact same balance at age 65
Martin and Bob will calculated to have the same balance at age 65 if they both earn an annual interest rate of 8.24%.
To find the rate of return at which Martin and Bob will have the same balance at age 65, we can use the future value formula for a lump sum investment:
FV = PV x (1 + r)ⁿ
where FV is the future value, PV is the present value, r is the annual interest rate, and n is the number of years.
For Martin, the present value (PV) is the total amount he saved in the first 10 years, which is:
PV = 10 x $5,000 = $50,000
We can calculate the future value of Martin's investment after 30 years using the formula:
investment = $50,000 x (1 + r)³⁰
For Bob, the present value is the total amount he saved over 30 years, which is:
PV = 30 x $5,000 = $150,000
We can calculate the future value of Bob's investment using the same formula:
investment = $150,000 x (1 + r)³⁰
To find the rate of return (r) at which Martin and Bob will have the same balance at age 65, we can set investments of both and solve for r:
$50,000 x (1 + r)³⁰ = $150,000 x (1 + r)⁰
Simplifying this equation, we get:
(1 + r)³⁰ = 3
Taking the 30th root of both sides, we get:
1 + r = 1.0824
Subtracting 1 from both sides, we get:
r = 0.0824 = 8.24%
Therefore, Martin and Bob will have the same balance at age 65 if they both earn an annual interest rate of 8.24%.
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edward bought a new car for 35000 us dollars (usd). the value of the car depreciates by 17 % each year. how much is the car worth after 5 years?
After 5 years, the car would be worth approximately $13,791.13 in the given case.
After the first year, the value of the car would be:
$35,000 - (17% x $35,000) = $29,050
After the second year, the value of the car would be:
$29,050 - (17% x $29,050) = $24,129.50
After the third year, the value of the car would be:
$24,129.50 - (17% x $24,129.50) = $20,042.77
After the fourth year, the value of the car would be:
$20,042.77 - (17% x $20,042.77) = $16,635.95
After the fifth year, the value of the car would be:
$16,635.95 - (17% x $16,635.95) = $13,791.13
Therefore, after 5 years, the car would be worth approximately $13,791.13.
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the current mission of which one of the six parts of the financial system involves serving the public at large?
Central banks have a mission to serve the public at large by promoting monetary and financial stability, which helps to support economic growth and improve the standard of living for all citizens.
Money, financial tools, financial markets, financial organizations, regulatory bodies, and central banks are the six major components of the financial system.
Central banks are responsible for implementing monetary policy and promoting financial stability. They play a crucial role in managing a country’s money supply and interest rates, and in regulating the banking system. Central banks also often have the mandate to promote full employment and price stability.
One of the ways central banks serve the public is by managing inflation and keeping it at a low and stable level. This helps to preserve the purchasing power of money and support economic growth. Central banks also play a key role in promoting financial stability by supervising and regulating banks and other financial institutions, and by acting as a lender of last resort during times of financial crisis.
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the smith family owns 200 shares of elta stock. the company declared a 5% stock dividend. the smiths now own: group of answer choices 410 shares. 210 shares. 420 shares. 205 shares. 200 shares.
The Smith family owns 200 shares of Eta stock. the company declared a 5% stock dividend. then the smiths now own 210 shares
When the company distributes some additional shares to existing shares for shareholders that are known as a Dividend. When the company declared a 5% stock dividend, which means that for every 20 shares shareholders will receive one additional share.
Given data:
Number of shares the Smith family owns in Elta stock = 200
stock dividend = 5%
=200/20
= 10 additional shares.
After the stock dividend, the Smith family will receive 10 additional shares and now they own a total of 210 shares
Therefore, the answer is: 210 shares
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in a corporation, the stockholders' potential loss is multiple choice question. limited to the amount of the investment. unlimited with responsibility for all corporate losses. limited to the amount of net income.
In a corporation, the stockholders' potential loss is a. limited to the amount of the investment.
A corporation is a form of organization that is owned by shareholders who have invested money in the business, they elect the board of directors and make major business decisions. When a company is formed, it must decide whether to be a sole proprietorship, a partnership, a limited liability company, or a corporation. The most significant benefit of forming a corporation is that the shareholders' personal assets are shielded from the corporation's debts and liabilities. It implies that if the corporation goes bankrupt or is sued, the shareholders' assets will be protected because they are considered separate entities from the corporation.
In a corporation, a stockholder's potential loss is limited to the amount of the investment, in other words, shareholders are not liable for corporate debts, and their risk is limited to the amount of their investment. If the corporation goes bankrupt or is sued, shareholders will not be held responsible for the company's debts, and they will only lose the amount of money they invested in the corporation. In a corporation, the stockholders' potential loss is a. limited to the amount of the investment.
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your pharmaceutical company delivered the wrong shipment of medication to a chain of pharmacies. you need to write to the pharmacies to acknowledge the mistake. what tips should you remember when writing the letter? check all that apply. explain how you will rectify the situation. apologize with sincerity. avoid responsibility. make misleading promises.
It is important to remember to explain how you will rectify the situation and apologize with sincerity. You should avoid shifting responsibility or making misleading promises.
Check all that apply when writing the letter to acknowledge a mistake made by a pharmaceutical company that delivered the wrong shipment of medication to a chain of pharmacies: Explain how you will rectify the situation. Apologize with sincerity. Avoid responsibility. Make misleading promises. In situations like these, it is important to take responsibility for the mistake and express a willingness to correct it. The letter should include an explanation of the mistake, an apology for the inconvenience it may have caused, and a clear plan of action for how the situation will be rectified.
It is also important to avoid making any misleading promises that cannot be fulfilled, as this can damage the trust between the pharmaceutical company and the chain of pharmacies.
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a(n) is a grouping of businesses that interact in a common environment as part of a value chain or distribution channel for a particular good.
A "value chain" or "distribution channel" is a term used to describe the sequence of activities involved in the production, distribution, and sale of a product or service.
A "value chain" typically includes all the activities that add value to a product or service, from the initial production of raw materials to the final delivery to customers. A "distribution channel" refers to the set of intermediaries, such as wholesalers, retailers, and agents, through which a product or service passes on its way from the manufacturer to the end consumer.
The term you are asking about is "value chain" or "distribution channel," not "a(n)." A possible sentence that uses the term correctly would be:
"A value chain is a grouping of businesses that interact in a common environment, participating in various activities to add value to a product or service before it reaches the end consumer."
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jun lie frequently attends important events, such as weddings and funerals, in the lives of his employees. he is best described as a
Jun Lie, who frequently attends important events in the lives of his employees, can be best described as a supportive and empathetic employer who values his employees and their personal lives.
By attending important events such as weddings and funerals, Jun Lie is demonstrating his commitment to his employees' well-being beyond just the workplace. He is showing that he recognizes the importance of their personal lives and wants to be a part of it. This can help foster a positive work environment and build trust and loyalty between him and his employees.
Furthermore, Jun Lie's actions also highlight the importance of work-life balance, which is an essential factor in employee satisfaction and productivity. Employees who feel supported by their employer in their personal lives are more likely to be engaged and motivated in their work. Overall, Jun Lie's actions suggest that he is a compassionate and caring employer who understands the value of supporting his employees beyond the workplace. Such employers can help create a positive work culture and contribute to the success of their business in the long run.
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coleman manufacturing co.'s static budget at 10,000 units of production includes $40,000 for direct labor and $6,000 for electric power. total fixed costs are $20,000. at 12,000 units of production, a flexible budget would show a.variable and fixed costs totaling $79,200. b.variable costs of $55,200 and $24,000 of fixed costs. c.variable costs of $46,000 and $20,000 of fixed costs. d.variable costs of $55,200 and $20,000 of fixed costs.
The budget for variable costs is then $12,000 units (12,000 x $4.60), or $55,200 and Fixed cost is $20000.The variable costs and fixed costs are calculated to find the cost of production. Thus,option d is correct
The variable cost per unit is used in a flexible budget, and the actual units are multiplied by this variable cost per unit. Direct labour costs of $40,000 and electric costs of $6,000 make up the variable expenditures.
As a result, the total variable costs are $46,000. These costs are then divided by 10,000 units to yield a variable cost per unit of $4.60. The budget for variable costs is then $12,000 units (12,000 x $4.60), or $55,200. By definition, fixed costs remain constant across all levels of production.
Direct labour costs of $40,000 and electric costs of $6,000 make up the variable expenditures. Variable cost is equal to 4.6 times $12,000.
$2000 is the total fixed cost.
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which project management tool/method is suggested to determine the customer's opinion of a project being time or resource constrained? multiple choice question.
Project priority matrix is suggested to determine the customer's opinion of a project being time or resource constrained. The answer is OPTION B
Working on the issues that are most important to the project's partners is done in a structured manner using the project priority matrix. A prioritization matrix is a straightforward tool that offers a way to rank a wide range of items according to significance.
A priority matrix is one of the most crucial tools you can use to help you consider these considerations and choose which tasks and projects to finish first. This model can help your productivity and execution go from efficient to extraordinary by providing a clear method to map out objectives. The answer is OPTION B
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the justification that presents the economic, technical, operational, schedule, legal and contractual, and political factors influencing a proposed information systems project is called:
A project proposal is a document that outlines the details of a proposed information systems project. It justifies the project and presents the economic, technical, operational, schedule, legal and contractual, and political factors that can influence the project's success.
Operational factors refer to the impact of the project on the organization's operations. The proposal should explain how the project will improve or change the organization's processes and procedures.
Schedule factors refer to the timeline of the project. The proposal should outline the project's milestones and deliverables and provide a timeline for completing the project.
Legal and contractual factors refer to the legal and contractual obligations associated with the project. The proposal should outline any legal or contractual requirements that must be met to complete the project.
Political factors refer to the impact of the project on the organization's stakeholders. The proposal should explain how the project will affect the organization's stakeholders and how the organization plans to manage any potential conflicts.
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QUESTION 6 of 10: What markup percentage does New York magazine state that Macy's at Herald Square in New York City uses to mark up
accessories?
a) 72%
b) 127%
c) 185%
Od) 233%
In conclusion correct option for this question is (d) 233%
Why it is?
The markup percentage mentioned by New York magazine for accessories at Macy's in Herald Square is 185%. This means that the price of the accessory is marked up by 185% of its cost.
This markup percentage is considered high and may reflect the expenses that the store incurs, such as rent, salaries, and other operating costs. It is also likely that the markup is influenced by the store's brand recognition and the demand for its products.
However, a high markup may also deter price-sensitive customers, making it important for businesses to strike a balance between profitability and affordability.
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what kind of companies are likely to use optical cables such as an oc-48 or oc-192? why? can you give an example? g
Telecommunication companies are likely to use optical cables such as an OC-48 or OC-192. Optical cables are a type of cable that carries digital signals in the form of light pulses along thin strands of glass or plastic fibers.
These cables are used to transmit large amounts of data over long distances without any loss of data or signal degradation. In addition to telecommunication companies, many other companies also use optical cables. For example, data centers, internet service providers, and healthcare facilities are just a few examples of companies that may use optical cables to transfer data quickly and efficiently.
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burger heaven, inc., conducts a chain-style franchise. this involves the transfer to chester, one of its franchisees, of a license. a trade name. the formula to make a product. the ownership of the business.
Burger Heaven, Inc. conducts a chain-style franchise, which means that they allow others to use their successful business model, brand name, and product formula.
In this case, Burger Heaven, Inc. has transferred a license and trade name to Chester, who has become one of their franchisees. This means that Chester can now use the Burger Heaven name and formula to create and sell their own version of the product.
Furthermore, Burger Heaven has also transferred ownership of the business to Chester, meaning that Chester is now responsible for managing and operating the franchise. Burger Heaven, Inc. may provide support and guidance to Chester to ensure that the franchise operates successfully and maintains the standards of the brand.
Overall, a chain-style franchise is a popular business model that allows companies like Burger Heaven, Inc. to expand their brand and reach more customers through the use of franchisees. It allows for growth and success for both the franchisor and franchisee when executed properly.
QUES: burger heaven, inc., conducts a chain-style franchise. this involves the transfer to chester, one of its franchisees, of a license. a trade name. the formula to make a product. the ownership of the business
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suppose with the pre-2018 corporate tax rate structure a c-corporation business pays 15% tax on its first $50,000 income, 25% tax on income above $50,000 but below $75,000, and 34% tax on income above $75,000. suppose the business earns $75,000 in income this year. its average tax rate is closest to . selected answer: d) 18% answers: a) 22% b) 14% c) 10% d) 18
The average tax rate for the c-corporation business earning $75,000 income under the pre-2018 corporate tax rate structure is d)18.4%.
To calculate the average tax rate, we first need to calculate the total tax paid by the business. For the first $50,000 of income, the tax paid is 0.1550,000 = $7,500. For the remaining $25,000 of income ($75,000 - $50,000), the tax paid is 0.2525,000 = $6,250.
So, the total tax paid is $7,500 + $6,250 = $13,750. The average tax rate is then calculated by dividing the total tax paid by the total income earned, which is $13,750/$75,000 = 0.184, or 18.4%. Rounded to the nearest whole number, the average tax rate is 18.4%.
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crossfade corp. has a bond with a par value of $2,000 that sells for $2,040.74. the bond has a coupon rate of 6.66 percent and matures in 18 years. if the bond makes semiannual coupon payments, what is the ytm of the bond?
Solving for I/Y, we find that the YTM of the bond is approximately 3.01%. Therefore, an investor who buys this bond and holds it to maturity can expect to earn a yield of 3.01% per year, assuming that the issuer does not default on the bond.
To calculate the yield to maturity (YTM) of a bond, we need to solve for the discount rate that equates the present value of the bond's future cash flows (coupon payments and par value) to its current market price.
In this case, the bond has a par value of $2,000, a coupon rate of 6.66% (or 0.0666 as a decimal), semiannual coupon payments, and matures in 18 years. The market price of the bond is $2,040.74.
To solve for the YTM, we can use a financial calculator or spreadsheet software, or we can use trial and error by guessing different discount rates until we find the one that makes the present value of the bond's cash flows equal to the market price.
Using a financial calculator or spreadsheet, we can input the following variables:
N = 36 (since there are 2 coupon payments per year for 18 years)
I/Y = ? (the yield to maturity that we want to solve for)
PMT = $66.60 (since the bond has a 6.66% coupon rate and a par value of $2,000, the semiannual coupon payment is $2,000 x 0.0666 / 2 = $66.60)
FV = $2,000 (since the bond will pay its par value at maturity)
PV = -$2,040.74 (since the bond currently sells for a premium above its par value)
Solving for I/Y, we find that the YTM of the bond is approximately 3.01%.
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when the market interest rate decreases, the bond: group of answer choices maturity period decreases. yield to maturity increases. price increases. current yield increases. coupon rate decreases.
When the market interest rate decreases, the bond price increases.
This is because when the market interest rate decreases, the bond's fixed interest payments become more attractive to investors compared to other investments, causing demand for the bond to increase. As a result, the bond price increases to match the higher demand, and the bond's yield to maturity decreases. The current yield of the bond also decreases because it is based on the bond's fixed coupon rate, which remains the same even as the bond price increases.
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lagstaff company has budgeted production units of 9,100 for july and 9,300 for august. the direct materials requirement per unit is 2 ounces (oz.). the company has determined that it wants to have safety stock of direct materials on hand at the end of each month to complete 20% of the units of budgeted production in the following month. there was 3,640 ounces of direct material in inventory at the start of july. the total cost of direct materials purchases for the july direct materials budget, assuming the materials cost $1.15 per ounce, is:
The total cost of direct materials purchases for the july direct materials budget, assuming the materials cost $1.15 per ounce, is calculated to be $7,074.
First, we need to calculate the total direct materials required for production in July and August, including the safety stock:
July direct materials required = 9,100 x 2 oz. x 1.2 = 21,840 oz.
August direct materials required = 9,300 x 2 oz. x 1.2 = 22,320 oz.
Next, we need to calculate the direct materials to be on hand at the end of each month:
July direct materials on hand = 21,840 oz. - (9,300 x 2 oz. x 0.2) = 19,320 oz.
August direct materials on hand = 22,320 oz. - (9,100 x 2 oz. x 0.2) = 20,320 oz.
Finally, we can calculate the direct materials to be purchased in July:
Direct materials to be purchased in July = July direct materials required - July direct materials on hand + direct materials in inventory at the start of July
Direct materials to be purchased in July = 21,840 oz. - 19,320 oz. + 3,640 oz. = 6,160 oz.
The total cost of direct materials purchases for July is:
Cost = Direct materials purchased x Cost per ounce = 6,160 oz. x $1.15/oz. = $7,074.
Therefore, the total cost of direct materials purchases for the July direct materials budget is $7,074.
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which of the following correctly explain why the te curve is upward sloping because the consumption function is upward sloping? check all that apply. keynes assumed that as consumption increases, disposable income decreases. keynes assumed that as disposable income changes, consumption changes in the same direction but by less. keynes assumed that consumption and disposable income move in the same direction, but consumption changes by more. keynes assumed that as consumption decreases, disposable income increases.
None of the options provided correctly explain why the TE (Total Expenditure) curve is upward sloping.
Because of the multiplier effect in Keynesian economics, the TE curve has an upward slope. The multiplier effect postulates that changes to autonomous expenditures (like investment or government spending) will have multiplied effects on overall expenditures and ultimately on the level of output in the economy. An upward sloping TE curve results from an increase in autonomous expenditures, which also causes an increase in total expenditures and a leveling off of output.
A crucial aspect of Keynesian economics is the consumption function, which connects consumption to disposable income, but it is not the only explanation for the upward-sloping TE curve. Changes in consumption do impact the economy's level of output, but the multiplier
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which experiences or strengths did lbj bring to the presidency? choose all answers that are correct. responses lbj's congressional experience had taught him how to get bills passed by congress. lbj's congressional experience had taught him how to get bills passed by congress. people said that lbj had a great deal of charm. people said that lbj had a great deal of charm. lbj's business contacts provided funding for his war on poverty. lbj's business contacts provided funding for his war on poverty. lbj was energetic and hard working. lbj was energetic and hard working. lbj wanted to be the best president ever.
LBJ was enthusiastic and dedicated, LBJ wanted to be the best president ever, and Many felt LBJ had a lot of charisma. His time in House had taught him how to get measures passed by Congress.
He was successful in passing the Clean Air Act, the Civil Rights Act of 1964, and a large tax decrease after becoming office. After the election of 1964, Johnson implemented far more extensive reforms. The Social Security Amendments of 1965 created two government-run healthcare systems, Medicare and Medicaid. Although the United States had been stationing military advisers in South Vietnam since the 1950s, Johnson oversaw a significant expansion of the country's involvement in the conflict. He gained Senate authorisation to employ military force to thwart North Vietnamese aggression after the 1964 Gulf of Tonkin incident. That's because the Wabash Cannonball, a B-26 that was shot down by Japanese forces in New Guinea, cost the future president his observer seat due to a bladder issue.
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which of the following summarizes the findings presented in the memo? tariffs on mexican automobiles impose little cost on mexico, since only about a third of their value originates in mexico. protectionism can be self-defeating, given the extent of integration of global supply chains. global supply chains should be dismantled, since they undermine the effectiveness of tariffs. the globalization of supply chains has led to lower employment and decreased productive efficiency.
The globalisation of supply chains makes it possible to move commodities made in one region of the world to another region, and in fact,
How does the supply chain impact globalisation?Availability of equipment, a lack of skilled workers, and the spillover effects of global bottlenecks are the three main problems that face global supply chains.
Which obstacles do globalization's supply chains face?These products must traverse international borders in order to reach as many markets as possible. Supply chains are essential for global markets because without them, the products that suppliers manufacture could not effectively reach global markets.
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rent control keeps prices of housing below market rates. which of these is an unintended consequence of rent control? a an increase in the quantity of housing available b a shortage of housing c a decrease in the price of utility expenses (electric and natural gas) for the housing d an increase in the price of utility expenses (electric
Rent control maintains housing costs below market rates, but an unintended result of this is a shortage of housing scarcity. Option b is Correct.
There are fewer rental homes available because potential landlords believe renting at low costs is unprofitable. The quantity sought will increase and the quantity supplied will decrease when a price ceiling is placed below the equilibrium price, resulting in a shortfall.
Important Learnings. A framework for comprehending price variations in connection to the availability of money in an economy is the quantity theory of money. It contends that inflation is caused by a rise in the money supply and vice versa. When the government imposes a mandated price on an item or collection of goods at a price below equilibrium, it creates a legally enforceable price ceiling. Option b is Correct.
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Correct Question:
Rent control keeps prices of housing below market rates. which of these is an unintended consequence of rent control?
a. an increase in the quantity of housing available
b. a shortage of housing
c. a decrease in the price of utility expenses (electric and natural gas) for the housing
d. an increase in the price of utility expenses (electric)
a product sells for $205 per unit, and its variable costs per unit are $134. total fixed costs are $421,000. if the firm wants to earn $41,210 pretax income, how many units must be sold? monthunits sold cost of salesjanuary460 $33,400february860 $40,000march1,900 $52,000april2,700 $64,000using the high-low method, the estimated variable cost of sales per unit sold is: monthunits sold cost of salesjanuary580 $27,800february720 $33,000march1,200 $45,000april2,580 $57,000using the high-low method, the estimated total fixed cost is:
Answer:
Hello jones, in order for us to determine the number of units that must be sold to earn a pretax income of $41,210, we can use the following formula. . .
Pretax Income = (Price per unit x Units sold) - (Variable cost per unit x Units sold) - Told Fixed Costs
Plugging in our given values. . .
$41,210 = ($205 x Units sold) - ($134 x Units sold) - $421,000
By simplifying the equation, we get. . .
$41,210 = $71 x Units sold - $421,000
$462,210 = $71 x Units sold
Units sold = 6,518.31
If we round up to the nearest whole number, the firm must sell 6,519 units in order to earn a pretax income of $41,210.
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To estimate the variable cost of sales per unit sold using the high-low method, we can use the formula:
Variable cost per unit = (Cost at highest activity level - Cost at lowest activity level) / (Units produced at highest activity level - Units produced at lowest activity level)
Let's use the data from January and April to calculate the variable cost per unit:
Variable cost per unit = ($57,000 - $27,800) / (2,580 - 580)
Variable cost per unit = $29,200 / 2,000
Variable cost per unit = $14.60
Therefore, the estimated variable cost of sales per unit sold is $14.60.
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To estimate the total fixed cost using the high-low method, we can use the formula:
Total fixed cost = Total cost - (Variable cost per unit x Units produced)
Let's use the data from January and April to calculate the total cost at the highest and lowest activity levels:
Total cost at highest activity level = $64,000 + $57,000 = $121,000
Total cost at lowest activity level = $33,400 + $27,800 = $61,200
Using the variable cost per unit we calculated earlier, we can now estimate the total fixed cost:
Total fixed cost = $61,200 - ($14.60 x 580)
Total fixed cost = $52,200
Therefore, the estimated total fixed cost is $52,200.
The estimated total fixed cost using high-low method through calculation is as follows- $52,200
Profit before tax is calculated as follows:
(unit price x number of sales) - (variable unit price x number of sales) - above fixed costs
($205 x number sold) = $41,210 - ($134 x number sold) - $421,000
The company needs to sell 6,519 units to achieve a pre-tax profit of $41,210,
so Units sold = 6,518.31 = 6519.
To calculate variable cost of goods sold per unit
The formula for calculating variable cost per unit is:
(Cost given at highest activity level - Cost at lowest activity level) / (Units produced at highest activity level - Units produced at lowest activity level).
($57,000 - $27,800) / (2,580 - 580) is the variable cost per unit.
$14.60 is the variable cost per unit.
Calculate total fixed costs
Total Cost - (Variable Unit Price x Number of Units Produced) equals Total Cost. The total cost at the highest activity level is $64,000 plus $57,000, equivalent to $121,000.
The total cost for the lowest activity level is $61,200 ($33,400 + $27,800).
$61,200 - ($14.60 x 580) = Total Fixed Costs
$52,200 is the total fixed cost.
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according to the model of firm behavior introduced in the video, what is the main motivation for firms' actions?
The main motivation for firms' actions, according to the model of firm behavior, is to maximize profits.
This model assumes that firms are profit-maximizers, and they seek to produce the level of output that will generate the highest possible profits.
In order to achieve this goal, firms must make decisions on various factors such as pricing, production, investment, and resource allocation. These decisions are based on the analysis of costs, revenues, and market conditions.
Firms must also consider their competition when making decisions. The model of firm behavior assumes that firms operate in a competitive market where they have little control over prices.
Therefore, firms must find ways to differentiate themselves from their competitors by offering unique products, improving product quality, or reducing production costs.
Furthermore, the model of firm behavior assumes that firms are rational and have access to all relevant information. Firms use this information to make informed decisions and adjust their strategies in response to changes in the market.
By maximizing profits, firms can achieve long-term sustainability and growth.
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Complete question is:
According to the model of firm behavior, what is the main motivation for firms' actions?
how much would you pay for a u.s. treasury bill with 106 days to maturity quoted at a discount yield of 2.30 percent? assume a $1 million face value. (enter your answer in dollars not in millions. do not round intermediate calculations. round your answer to 2 decimal places.)
The amount that will be paid on the US treasury bill is $993227.78
A Treasury Bill (T-Bill) is a short-term U.S. government financial commitment with a maturity of one year or less and is supported by the Treasury Department. Treasury bills are usually sold in denominations of $1,000. However, some can reach a maximum denomination of $5 million in non-competitive bids. These securities are widely regarded as low-risk and secure investments.
Face value = $10000000
Interest = 2.3%*1000000*106/360
= $6772.22
Amount = face value - interest
= $1000000 - $6772.22
= $993227.78.
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in which antitrust case did the supreme court begin to apply the per se rule to determine whether a firm was in violation of the sherman antitrust act? group of answer choices the standard oil case. the alcoa case. the ibm case. the mit case.
In the Standard Oil case the supreme court begin to apply the per se rule to determine whether a firm was in violation of the Sherman antitrust act. So the option A is correct.
The court found that Standard Oil had engaged in unfair competitive practices and had acquired a monopoly position in the oil industry. This was determined to be a violation of the Sherman Antitrust Act, and Standard Oil was forced to break up into several different companies.
The court's application of the per se rule meant that without any proof of an anti-competitive effect, any practice that unreasonably restrained competition in a particular market was considered to be a violation of the law.
This decision was significant in that it set a precedent for future cases in which the courts would be able to identify and punish anticompetitive practices without having to prove that they caused the market to suffer. So the option A is correct.
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The complete question is:
In which antitrust case did the supreme court begin to apply the per se rule to determine whether a firm was in violation of the Sherman antitrust act?
Group of answer choices
A. the standard oil case.
B. the ALCOA case.
C. the IBM case.
D. the MIT case.