Certainly, as part of the entire budgeting process, a manufacturer often creates a production budget. The production budget is a strategy that outlines how many units the manufacturer expects to produce over a given time frame, such a month or a year.
Which budget displays the anticipated amount of units per period?identifies the quantity of completed items that must be produced during each budgetary period in order to meet anticipated sales demands and to maintain the appropriate level of finished ending inventory.
How much does production cost per unit?Calculating the production unit cost is as easy as adding and dividing. Sum up all the expenses, then divide the total by the quantity of products you sell: Total the fixed expenses.
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in the context of customer benefit packages, services are those that are not essential to the primary service, but enhance it. a. core b. tertiary c. peripheral d. central
The term "services" in the context of customer benefit packages generally refers to "peripheral services" - services that are not essential to the primary service, but enhance it.
A "core service" is a primary service offered to customers, usually of a tangible or intangible nature. A "tertiary service" is an extra service offered to customers, usually of an intangible nature. Finally, a "peripheral service" is an additional service offered to customers, which is not essential to the primary service, but enhances it.
Peripheral services can help customers gain a better understanding of the product or service they are buying, or make them feel better about the purchase they are making. Examples of peripheral services can include warranties, extended customer service hours, loyalty programs, or special offers. These services can be used to boost customer satisfaction, create customer loyalty, and increase profitability.
In summary, services in the context of customer benefit packages are typically referred to as "peripheral services", as they are not essential to the primary service, but rather enhance it. They can help customers better understand the product or service they are purchasing, or help create customer loyalty and increase profitability.
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the paris union was established for the purpose of . group of answer choices reducing pollution protecting patents
The Paris Union was established for the purpose of protecting patents.The Paris Union, also known as the International Union for the Protection of Industrial Property, is a treaty organization established by the Paris Convention for the Protection of Industrial Property, which was signed in Paris, France, on March 20, 1883.
The Union offers several global protections to patent holders, such as:Protection for patented items from duplication and unauthorized usage.A maximum period of patent protection.The right to be compensated for any violation of patent rights through legal action, among other things.
The main goal of the Paris Union was to establish a common standard for protecting intellectual property across multiple countries to reduce any problems with patents and reduce the costs involved in patenting the same product in different countries. The Paris Union also plays an important role in preventing patent pollution.
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true or false: the national council on governmental accounting (ncga) is the current standard-setting body for governmental accounting.
True, the National Council on Governmental Accounting (NCGA) is the current standard-setting body for governmental accounting.
What is the National Council on Governmental Accounting (NCGA)?
The National Council on Governmental Accounting (NCGA) is a body that creates accounting and financial reporting standards for state and local governments in the United States. It is currently the standard-setting organization for governmental accounting. The NCGA has been replaced by the Governmental Accounting Standards Board (GASB), which was formed in 1984 as an autonomous group of the Financial Accounting Foundation (FAF). Although the NCGA ceased to exist in 1984, it played a significant role in the development of governmental accounting and reporting standards.
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what is a constitutional guarantee that is designed to protect both individuals and business firms from arbitrary decision making by the government?
The constitutional guarantee that is designed to protect both individuals and business firms from arbitrary decision making by the government is Due Process.
What is Due Process?
Due process is a phrase used to refer to the legal obligations of the state to respect all legal rights owed to a person under the law. Due process is required in the United States by the Fifth and Fourteenth Amendments to the Constitution, which provide that no person shall be deprived of "life, liberty, or property" without due process of law. Arrange the following constitutional guarantees in order of importance:
Due process.
Equal protection of the law.
Freedom of speech.
Freedom of the press.
The order in which the above constitutional guarantees are arranged, starting with the most important, is as follows: Equal protection of the law. Due process. Freedom of speech. Freedom of the press.
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lay's decides to release a new thai-flavored potato chip using the lay's brand name and logo. this strategy is known as product line . multiple choice question. duplication termination extension revitalization
Lay's decides to release a new Thai-flavored potato chip using the lay's brand name and logo. this strategy is known as Product Line Extension.
A product line is a group of related products that are similar to each other, but with slight differences. A company that manufactures a product line seeks to improve and expand it over time, but each product has its own unique set of characteristics. In the case of the example, the product line for Lay's potato chips would be a variety of flavors, such as Original, Barbecue, and Salt & Vinegar. The Thai-flavored potato chips are a new addition to the product line.
Each product in a line serves a specific purpose or meets a particular need, while also remaining consistent with the brand's quality and image. Companies frequently employ product line extension strategies to broaden their market share by offering additional product categories or flavors under the same brand name and logo.
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clients often initially respond to confrontation by a. superficial agreement. b. repeating the inconsistency. c. denial. d. a and c.
Clients often initially respond to confrontation by A. Superficial Agreement
A client's initial response to confrontation can vary, but often they may respond with either superficial agreement, repeating the inconsistency, or denial.
Superficial agreement involves the client agreeing with the points being made but then quickly moving on, without really engaging with the issue or considering how it can be changed. Repetition of the inconsistency involves the client restating the same problem without actively engaging in any discussion about how to address it. Denial is a refusal to accept that there is any problem or that it is of any significance. In some cases, clients may respond with a combination of these responses (a and c).
In all cases, it is important to listen carefully to the client's response and try to move the conversation forward, either by exploring the source of the problem and how it can be addressed, or by exploring different perspectives and finding solutions that are mutually beneficial. Clients often initially respond to confrontation by A. Superficial Agreement
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which of the following is most likely to result in government failure? a. highly competitive markets. b. monopoly. c. a constitutional reform mandating that the federal government maintain a balanced budget. d. widespread government actions that favor some business firms and sectors of the economy relative to others.
Among the given options, the one that is most likely to result in government failure is Option D "widespread government actions that favor some business firms and sectors of the economy relative to others."A government failure occurs when a government intervenes with an economy in a manner that worsens its efficiency or results in an undesirable outcome.
The policy can either fail to achieve its objectives, or it can cause a new problem. In this case, widespread government actions that favor some business firms and sectors of the economy relative to others would result in government failure. Government failure happens when the government intervenes in a market or economy in a manner that results in worsening efficiency or undesirable outcomes.
The policy can either fail to accomplish its goals or generate a new problem. The economic reasons for government failure include negative externalities, information asymmetry, and public goods. Based on the aforementioned explanations, we can conclude that the option "widespread government actions that favor some business firms and sectors of the economy relative to others" is most likely to result in government failure.
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Scenario
A toy company claims to have developed two toy car models which they call A and B where the average speed of each car is identical (0. 50 +0. 02%). Each group of students is given two toy cars (one of each model), metersticks, and stopwatches and is asked to test the toy company's claim. Experimental Design
PART A: The students decide that they need to collect distance and time data for each car to test the company's claim. The students design a procedure. Cross out any extraneous steps and order the remaining procedural steps Turn the car on and release along the measured path Gather equipment Repeat to reduce error. Measure and record the time the car took to travel the 2 meters with a stopwatch. Measure a 2-meter-long path on the floor. Lab Group CARA Draw a data table in your notebook. Number Speed Data Analysis 0. 45 m/s
PART B: Given is a data set collected by students in the dass. 0. 46 m/s Based on these data, what conclusion should the 0. 42 m/s students make about the hypothesis that the two cars, A and B have the same speed? 0. 43 m/s The cars have the same average speed. 0. 74 m/s The cars have different average speeds. 0. 44 m/s AVERAGE
. 0. 49 m/s CARB Speed 0. 54 m/s 0. 52 m/s 0. 56 m/s 0. 55 m/s 0. 23 m/s 0. 54 m/s 0. 49 m/s Experimental Design
Explain your choice in one short sentence
The following actions should be taken in the correct order to verify the toy company's claim:
assemble tools
On the floor, gauge a 2-meter-long trail.Create a table of data in your notebook.Start the vehicle, then move along the predetermined routeUse a timer to time how long it took the car to travel the 2 meters.repetition helps reduce errorThe provided information makes it unclear which unnecessary step has to be removed.
The students should compute the average speed for each automobile based on the provided data set, then compare them to show that the two cars do not have the same speed as their average speeds are different (0.49 m/s for car A and 0.53 m/s for car B).
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which ones of the following main events are defined by scrum framework? a) sprint planning meeting b) sprint retrospective meeting c) sprint review meeting d) mid-sprint status review meeting e) daily scrum meeting a, b, c, d, e a, b, c, d a, c, d, e a, b, c, e a, c, e
The main events defined by the Scrum framework are a) Sprint Planning Meeting, b) Sprint Retrospective Meeting, c) Sprint Review Meeting, and e) Daily Scrum Meeting. Therefore, the correct option is A, B, C, E.
In the Scrum framework, there are four key events that help teams plan, review, and improve their work:
1. Sprint Planning Meeting: This event occurs at the beginning of each Sprint, during which the Scrum team collaborates to select items from the Product Backlog to work on during the upcoming Sprint. The team also establishes a Sprint Goal, which serves as the overarching objective for the Sprint. 2. Sprint Retrospective Meeting: This event is held at the end of each Sprint, allowing the Scrum team to reflect on the previous Sprint, analyze their processes and interactions, and identify improvements that can be made in the next Sprint.
3. Sprint Review Meeting: At the end of each Sprint, the team demonstrates the potentially shippable product increment to stakeholders, gathers feedback, and updates the Product Backlog accordingly. 4. Daily Scrum Meeting: This is a short, daily meeting (usually 15 minutes) for the Development Team to synchronize their work, discuss progress towards the Sprint Goal, and identify any obstacles or impediments.
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when preparing a scatter diagram, the estimated line of cost behavior is drawn on a scatter diagram to show the relation between:
When preparing a scatter diagram, the estimated line of cost behavior is drawn on the diagram to show the relation between the two variables being analyzed.
What is cost behavior?Typically, the two variables being analyzed are:
The dependent variable: This is the variable that is being predicted or explained by the other variable. In cost accounting, the dependent variable is usually the total cost or the cost of production.
Lastly, The independent variable: This is the variable that is believed to influence or cause changes in the dependent variable. In cost accounting, the independent variable is usually a measure of the level of activity, such as units produced, labor hours worked, or machine hours used.
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Answer:cost and unit volume
Explanation:
with what type of audience should you avoid a question-and-answer period at the end of your presentation?
Option d. A hostile audience. If your audience is hostile, you should avoid question and answer time at the end of your presentation.
A presentation conveys information from a speaker to/towards an audience. Presentations are typically demonstrations, introductions, lectures, or speeches intended/meant to inform, persuade, inspire, motivate, build goodwill, or present new ideas/products.
Presentations typically require preparation, organization, event planning, writing, use of visual aids, stress management, and answering questions. “The most important/major elements of a presentation consist/contains of the presenter, audience, message, reaction, and how to deliver the speech effectively/fluently for business success/profit.”
For example, an accountant who prepares a detailed report on the company's finances, or an entrepreneur who pitches a venture idea to an investor.
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Complete question:
With what type of audience should you avoid a question-and-answer period at the end of your presentation?
a. A friendly audience
b. A neutral audience
c. An uninterested audience
d. A hostile audience
why might the doctrine of vicarious liability impose liability on an employer for the actions of its employees?
The doctrine of vicarious liability states that an employer can be held liable for the wrongful actions of its employees that are within the scope of their employment.
What are the liabilities imposed on employer?If an employee acts in a negligent or unlawful manner while conducting their job, their employer may be liable for any resulting damages. This can provide an incentive for employers to properly monitor their employees and ensure they act responsibly and according to the law.
The doctrine of vicarious liability can impose liability on an employer for the actions of its employees for several reasons. The doctrine of vicarious liability is a legal concept that allows one person to be held liable for the wrongful actions of another person.
Vicarious liability arises when a third party (such as an employee) causes harm or damage to another person (such as a customer or client) while acting within the scope of their employment.
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Which one of the following best describes the type(s) of information included in astrong-form efficient market?A) historicalB) historical and privateC) private and publicD) current and publicE) historical and public
The best description of the type(s) of information included in a strong-form efficient market is option B) historical and private.
In a strong-form efficient market, all information, including historical data and private (non-public) information, is already reflected in the stock prices, making it impossible for any investor to achieve abnormal returns consistently.
In a strong-form efficient market, investors cannot use any type of information to gain an advantage over other investors. This means that insider trading is not possible in a strong-form efficient market because all information, both public and private, is already reflected in the stock prices
Therefore,The best description of the type(s) of information included in a strong-form efficient market is option B) historical and private.
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the government of the country excel provides a large number of grants for scientists to research new technologies and other processes. this action would
The government of the country Excel provides a large number of grants for scientists to research new technologies and other processes. This action would Promote economic growth by technological advances
What is the government about?The government of the country Excel providing a large number of grants for scientists to research new technologies and other processes is likely to have several positive effects on the country's economy, technological advancement, and overall progress.
Economic Growth: The research and development activities that result from these grants can create new industries and businesses, leading to economic growth and job creation. The development of new technologies can also increase productivity and efficiency, which can contribute to economic growth.
Technological Advancement: The grants will enable scientists to conduct research on new technologies and processes that may have been difficult or impossible to fund otherwise. This can lead to technological advancements in areas such as medicine, energy, and transportation, among others.
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See full question below
The government of the country Excel provides a large number of grants for scientists to research new technologies and other processes. This action would Promote economic growth through technological advances. Increase productivity through capital deepening. Reduce productivity as research is less productive than the addition of capital. Increase human capital and economic growth.
which of the following is considered as an intangible resource of a firm? a. the ability to raise external capital b. the access to raw materials of production c. the possession of patents to an invention d. the managerial skills of an employee
The managerial skills of an employee can also be considered as an intangible resource of a firm. Option D is correct.
Intangible resources are non-physical assets that add value to a firm but are not typically visible on its balance sheet. They are an essential component of a company's overall resources and capabilities, which contribute to its competitive advantage.
The managerial skills of an employee are an intangible resource of a firm because they are difficult to quantify and often rely on subjective assessments. A firm's managers and employees play a critical role in developing and implementing its strategies, managing operations, and creating a positive work culture that attracts and retains top talent.
Good management can improve a firm's performance, reduce costs, and enhance innovation and creativity. A company with strong managerial skills can better leverage its other resources, including tangible assets and human resources, to gain a competitive advantage and achieve long-term success. In conclusion, the managerial skills of an employee can also be considered as an intangible resource of a firm, along with other resources such as patents, trademarks, and brand reputation. Option D is correct.
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a tsunami in thailand destroys its tourist industry. in response, tourists who previously went to thailand, now choose to go on vacation to china. what can the chinese government do to prevent inflationary pressures within the chinese economy?
A tsunami in Thailand destroys its tourist industry. In response, tourists who previously went to Thailand, now choose to go on vacation to china. The Chinese government do to prevent inflationary pressures within the Chinese economy is "Manage exchange rates" and "Control money supply".
The economy due to an increase in tourism as a result of the tsunami in Thailand, the Chinese government can take the following steps:
The Chinese government can control the money supply by adjusting interest rates or using open market operations to buy or sell government securities. This can help to prevent excessive inflation due to increased demand and increase the supply of goods and services.
The reason is to manage exchange rates and increase the supply of goods and services of the Chinese government can manage exchange rates to prevent the Chinese currency from appreciating too much, which could lead to inflation. This can be done through interventions in the foreign exchange market or through policies that promote export competitiveness.
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a bond promises to pay $500 in one year and $10,500 in two years. what is the correct way to find the present value of this bond?
To find the present value of this bond, you need to calculate the present value of each cash flow (payment) separately. Thus,the correct way to find the present value of this bond is to calculate the present value of each cash flow separately and then add up the present values.
The formula for present value (PV) is:PV = CF / (1 + r)^nWhere PV is the present value, CF is the cash flow, r is the discount rate, and n is the number of years.How to find the present value of this bond?The cash flows for this bond are: $500 in one year and $10,500 in two years. To find the present value of each cash flow, you need to discount each cash flow back to the present time.
To find the present value of the $500 cash flow in one year, we can use the formula above:PV = $500 / (1 + r)^1To find the present value of the $10,500 cash flow in two years, we can use the formula above:PV = $10,500 / (1 + r)^2Now we need to add up the present value of each cash flow to get the total present value of the bond:Total PV = PV1 + PV2Total PV = ($500 / (1 + r)^1) + ($10,500 / (1 + r)^2)Therefore, the correct way to find the present value of this bond is to calculate the present value of each cash flow separately and then add up the present values.
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alfred invests $3,500 into a mutual fund that earns 11%, compounding quarterly. if he keeps the money there for 8 years, how much will he have once he withdraws the money?
The amount Alfred will have once he withdraws the money after 8 years is $8778.98 (approx).
The amount of saving moneyThe given compound interest formula is:
Amount = P × (1 + r/n)⁽ⁿˣt⁾
where,
P is the principal amount (the initial amount you borrow or deposit) r is the annual rate of interest (percentage) n is the number of times the interest is compounded per year t is the time the money is invested for in years.Given, Alfred invests $3,500 into a mutual fund that earns 11%, compounding quarterly.
We need to find the amount Alfred will have once he withdraws the money after 8 years.
Principal amount = $3,50
Annual rate of interest = 11%
Compounding quarterly means n = 4 times a year.
Time period t = 8 yearsi.e. n = 4 and t = 8 years
Let us substitute the values in the formula:
Amount = P × (1 + r/n)⁽ⁿˣt⁾
Amount = 3500 × (1 + 0.11/4)⁽⁴ˣ⁸⁾
Amount = 3500 × (1 + 0.0275)³²
Amount = 3500 × (1.0275)³²
Amount = $8778.98 (approx)
Therefore, the amount Alfred will have once he withdraws the money after 8 years is $8778.98 (approx).
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assume that you convert $25,000 into mexican pesos, and immediately afterwards you convert them back into us dollars. the bank offered you a bid-ask quote of 0.1245-95. the dollar amount you lost in this round trip transaction is about:
Answer:bejkwhrkueahu
Explanation:
Briefly explain the following entrepreneurship ventures and give one example for each 1 E-business 2 social entrepreneurship 3 cultural entrepreneurship 4 innovative entrepreneurship
Entrepreneurship ventures can take various forms, such as E-business, social entrepreneurship, cultural entrepreneurship, and innovative entrepreneurship, each with unique focuses and examples.
What are Entrepreneurship Ventures?Entrepreneurship ventures refer to the various types of entrepreneurial endeavors, which can include E-business, social entrepreneurship, cultural entrepreneurship, and innovative entrepreneurship.
They are explained as follows:
E-business is an entrepreneurial venture that focuses on using technology to create, operate, and manage a business online. An example of an E-business is Amazon, which started as an online bookstore and has since expanded to sell a variety of products and services online.Social entrepreneurship is an entrepreneurial venture that focuses on addressing social or environmental issues through innovative business models. An example of a social entrepreneurship is TOMS Shoes, which donates a pair of shoes to a person in need for every pair of shoes purchased.Cultural entrepreneurship focuses on promoting or preserving cultural heritage through business activities. An example of a cultural entrepreneurship is the Navajo-owned Tsé Bit’a’í Middle Eastern Bakery, which combines traditional Navajo and Middle Eastern baking techniques to create unique baked goods.Innovative entrepreneurship focuses on developing and commercializing new products or services that are innovative and/or disruptive. An example of an innovative entrepreneurship is Tesla, which is revolutionizing the automotive industry by developing electric cars and renewable energy solutions.Learn more about Entrepreneurship Ventures on:
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w, age 17, enters into an installment contract to purchase a five-year-old car from s, an adult. from a legal point of view, the contract is:
The Installment contract entered into by W, age 17, with S, an adult, to buy a five-year-old car is voidable.
An installment contract is a deal where the buyer agrees to pay for goods or services over time, usually with interest or fees. It enables the buyer to purchase the item right away and pay for it in installments over a set time frame, usually monthly.
A contract is a legally binding agreement between two or more parties. It can be a written, oral, or implied agreement between the parties. A contract specifies the terms and conditions of the agreement that has been agreed upon by the parties.
The contract entered into by W, age 17, with S, an adult, to buy a five-year-old car is voidable. The contract is valid and binding if the seller was unaware of the buyer's age or if the seller believed the buyer was of legal age. The contract is voidable because W is considered a minor under the law, and minors are not legally authorized to make contracts.
As a result, W may, at his discretion, choose to terminate the contract, and the car would have to be returned to S, and the parties would have to unwind the transaction.
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Conflict in the channel can be healthy because ________.A) it can disrupt channel effectivenessB) normal give-and-take simply is normalC) the channel could become passive and non-innovativeD) it can cause harm to channel relationshipsE) the respective rights of the channel partners take priority
Typos or irrelevant parts of the question should be ignored. When answering questions, it is recommended to use the terms included in the question for a more effective response.
As a question answering bot, when answering questions, it is important to always be factually accurate, professional, and friendly. It is also important to be concise and not provide extraneous amounts of detail.
Conflict in the channel can be healthy because the channel could become passive and non-innovative. It is also important to note that normal give-and-take is simply normal, and the respective rights of the channel partners take priority. When channels become too comfortable or overly passive,
They tend to lack innovation and creativity. They may continue to operate in the same way without seeking new and innovative ways to improve the business. This is where conflict can be helpful as it provides an opportunity to think outside the box and identify new and improved ways of doing things.
Conflict in the channel can also help channel partners to identify areas of weakness that they may not have noticed before. When partners are not in agreement, it provides an opportunity to analyze and evaluate the channel's performance,
identify areas of weakness, and make necessary adjustments. Through this process, partners can come up with new and innovative ideas to improve the business's effectiveness and productivity.In conclusion, conflict in the channel can be healthy because it helps to disrupt channel effectiveness, encourage innovation,
Identify areas of weakness, and promote growth. It is important, however, to prioritize the respective rights of the channel partners and to maintain a professional and respectful relationship with each other.
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one of the main purposes of a tariff is to: reduce the price of imports to make them more affordable. compensate importers for losses due to fluctuating exchange rates. raise the price of an import above the world price. increase the supply of imports.
A tariff's primary objective is to increase an import's price above its market value. This is done by putting a tax on imported items, which increases the cost for the importer and ultimately raises the price for the customer.
Tariffs are frequently employed to shield native businesses and jobs from international competition by lowering consumer interest in imported goods. Moreover, tariffs can be utilized to create cash for the government by collecting taxes on imported items. Tariffs, however, can also trigger retaliatory actions from other nations, harming commerce and relations internationally. As such, the application of tariffs is a complicated and frequently controversial subject in international trade policy. one of the main purposes of a tariff is to: reduce the price of imports to make them more affordable.
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Raise the price of an import above the world price.
Reduce the price of imports to make them more affordable.
Increase the supply of imports.
Compensate importers for losses due to fluctuating exchange rates.
what is the firm's marginal cost of producing the 900th gadget? question 20 options: $0.50 $1.60 $2.78 none of the above
The marginal cost of producing the 900th gadget is $2.78.
In economics, marginal cost is the cost associated with producing an additional unit of a product or service. It is calculated by taking the total cost of producing an additional unit and subtracting the total cost of producing the previous unit.
In other words, the marginal cost of producing the 900th gadget is the cost associated with producing that particular gadget compared to the cost associated with producing the 899th gadget.
To calculate the marginal cost of producing the 900th gadget, we first need to know the total cost of producing the 899th gadget.
Once we have that, we can calculate the total cost of producing the 900th gadget, subtract the total cost of producing the 899th gadget, and get the marginal cost of producing the 900th gadget. In this case, the marginal cost of producing the 900th gadget is $2.78.
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Question 20 (2 points) In order to minimize diversifiable risk in our portfolio, we might pursue any of the following approaches except: invest in 25 stocks or more stocks that were not positively correlated invest in an equity mutual fund that might include something like 150 different stocks buy an index fund invest in at least 5 stocks with less than 1.0 positive correlations
These include "investing in 25 or more stocks, investing in stocks that are not positively correlated," "investing in an equity mutual fund that includes a variety of different stocks," "and investing in at least 5 stocks with less than 1.0 positive correlations."
In order to minimize diversifiable risk in a portfolio, there are several approaches that can be pursued.
However, the question asks which approach should not be pursued in order to minimize diversifiable risk in a portfolio. The answer is to invest in at least 5 stocks with less than 1.0 positive correlations.
This is because having less than 1.0 positive correlations between stocks means that they are not positively correlated, but this does not necessarily mean that diversifiable risk will be minimized.
By investing in just a few stocks with less than 1.0 positive correlations, the portfolio could still be exposed to significant diversifiable risk.
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what is cost of goods sold using a weighted average cost flow when you sell 2,300 units for $18 per unit?
The cost of goods sold using a weighted average cost flow when selling 2,300 units for $18 per unit is $38,325.
How to calculate the cost of goods sold using the weighted average cost flow method
The weighted average cost flow method determines the cost of goods sold (COGS) by calculating the weighted average of the inventory's cost of goods available for sale during the accounting period.
Here's how to figure it out:
Cost per unit = Total cost of goods available for sale ÷ Total number of units available for sale
COGS = Number of units sold × Cost per unit
Using the weighted average cost flow method, the COGS formula becomes as follows:
Cost per unit = (Beginning inventory × Beginning inventory cost) + (Purchases × Purchase price) ÷ (Beginning inventory + Purchases)COGS = Number of units sold × Cost per unit
Applying this formula:
Cost per unit = (2,200 units × $15) + (7,500 units × $17) ÷ (2,200 units + 7,500 units) = $16.96COGS = 2,300 units × $16.96 = $38,325
Therefore, the cost of goods sold using a weighted average cost flow when you sell 2,300 units for $18 per unit is $38,325.
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activity-based costing is used by question 6 options: accounting firms. law firms. consulting firms. all of the above.
Activity-based costing is used by all of the above firms, accounting firms, law firms, and consulting firms.
What is Activity-Based Costing (ABC)?
Activity-Based Costing (ABC) is a costing technique that allocates overhead costs to each product, service, or client based on its use of the overhead resources in each activity involved in its production or provision. This method, which is based on the cause-and-effect relationship between costs and activities, is distinct from conventional costing approaches that divide overhead costs proportionally between items or services, such as direct labor hours, direct materials, or machine hours.
The ABC concept seeks to improve the accuracy of product and service costing by providing a more detailed, comprehensive, and logical means of tracing overhead costs to goods and services. It necessitates the identification of all direct and indirect expenses that contribute to a particular activity, as well as the calculation of the quantity of that activity used by each product or service.
After this is accomplished, the costs of each activity are divided by the quantity of that activity used by each product or service, resulting in a cost per activity used by each product or service. In conclusion, Activity-based costing is used by accounting firms, law firms, consulting firms and all the other firms.
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what are three trade barriers that can constrain a firm's ability to disperse productive activities?
The three trade barriers that can constrain a firm's ability to disperse productive activities are Tariffs, Non-tariff barriers and Technical barriers.
Trade barriers can constrain a firm's ability to disperse productive activities in three major ways.
1. Tariffs: These are taxes placed on goods and services entering a country. These taxes make imported goods more expensive than domestic goods, which can prevent firms from expanding production abroad.
2. Non-tariff barriers: These include quotas, customs restrictions, licensing regulations, and other measures that make it more difficult for firms to move goods and services into a country.
3. Technical barriers: These refer to rules and regulations that require goods and services to meet certain standards before they can be sold in a country. This can be a significant constraint on firms looking to expand their production and operations internationally.
These trade barriers can constrain a firm's ability to disperse productive activities. Tariffs: A tariff is a tax on imports. It raises the cost of imported goods, making them less competitive with domestic products. Non-tariff barriers: They are a range of regulations and policies that governments use to discourage or restrict imports.
Some of the most common forms of non-tariff barriers include quotas, subsidies, and technical standards.Exchange rates: Exchange rates are the prices at which one country's currency can be exchanged for another country's currency. A firm may find it challenging to sell products in a foreign country if the exchange rate is unfavorable.
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how iwll a decrease in personal income taxes and an increase in government spenmding affect consumer spending and unemployment in the short run
A decrease in personal income taxes and an increase in government spending have different effects on consumer spending and unemployment in the short run.
The decrease in personal income taxes causes an increase in disposable income. When consumers have more disposable income, they tend to spend more on goods and services. An increase in consumer spending increases the aggregate demand, which results in increased employment opportunities. Therefore, a decrease in personal income tax will increase consumer spending and reduce unemployment in the short run.
An increase in government spending causes an increase in aggregate demand, which increases the employment rate. The increased government spending results in more money circulating in the economy. When consumers have more disposable income, they tend to spend more on goods and services. Increased spending on goods and services increases the employment rate, which reduces unemployment in the short run. Effects on Consumer Spending and Unemployment in the Short Run.
A decrease in personal income taxes and an increase in government spending have the same effect on consumer spending and unemployment in the short run. Both policies increase consumer spending, which increases aggregate demand, and results in increased employment opportunities. Therefore, both policies will have a positive effect on consumer spending and unemployment in the short run.
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the american red cross uses marketing to help achieve its goals. as a service, it can be classified as
As a service, American Red Cross can be classified as non-profit organization. They use marketing to help achieve their goals.
Marketing is the process of promoting a product or service to the target audience. It encompasses all of the efforts used to advertise a product, including advertising, public relations, sales, promotions, and distribution, and so on. There are several types of marketing, each with its own set of objectives and techniques.
American Red Cross is a non-profit organization. The primary purpose of non-profit organizations is to provide public benefits or services. American Red Cross's mission is to help people avoid, prepare for, and respond to emergencies. In order to achieve its goals, the American Red Cross employs a range of marketing techniques.
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