The bad debt expense for 2022 is $324,000, according to the following information is related to December 31, 2021 balances. Thus, option c is correct.
Sales on account = $870,000
Collections on account =$516,000
Uncollectible accounts = $48,000
Bad debts = $324,000
We need to calculate the growth in the allowance for doubtful accounts for the years 2021 to 2022:
Increase in allowance for doubtful accounts = sales on allowance for doubtful accounts on December 31, 2022 - collections account balance on December 31, 2021
Increase in allowance for doubtful accounts = $870,000 - $516,000
Increase in allowance for doubtful accounts = $324,000
Therefore, we can conclude that the bad debt expense for 2022 is $324,000.
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the internal rate of return (irr) of a capital investment . group of answer choices changes when the cost of capital changes must exceed the project cost of capital to make the investment financially acceptable measures the dollar profitability of a project
The internal rate of return (IRR) is not a measure of dollar profitability, as it does not account for the absolute size of the cash inflows or outflows.
The IRR is the discount rate that equates the present value of a project's cash inflows to the initial investment. The IRR takes into account the time value of money and provides a measure of the project's profitability. It is expressed as a percentage rate of return, and a higher IRR indicates a more profitable project.
The IRR is affected by changes in the cost of capital. As the cost of capital increases, the IRR decreases, making the project less financially acceptable. On the other hand, if the project's IRR exceeds the cost of capital, the investment is considered financially acceptable.
The IRR is not a measure of dollar profitability, as it does not account for the absolute size of the cash inflows or outflows. Rather, it provides a relative measure of the profitability of the investment, based on the percentage rate of return.
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the slope of the consumption function is equal to part 2 a. the change in disposable income divided by the change in consumption. b. the change in consumption divided by the change in personal income. c. the change in national income divided by the change in consumption. d. the change in consumption divided by the change in disposable income.
The slope of the consumption function is equal to d. the change in consumption divided by the change in disposable income.
The consumption function describes the relationship between household consumption spending and the factors that influence it, such as disposable income. The consumption function is utilized in macroeconomics and is used to estimate and predict consumer spending, it is also used to evaluate how changes in disposable income impact consumer spending. The slope of the consumption function is a measure of the relationship between disposable income and consumption, it measures the percentage change in consumption in response to a one percent increase in disposable income. It is equal to the change in consumption divided by the change in disposable income, which is option d in the given question.
The consumption function has a positive slope because as disposable income increases, so does consumption spending. However, the slope is less than one, indicating that the change in consumption is less than the change in disposable income. This is because households also save some of their disposable income rather than spending it all. The slope of the consumption function is equal to d. the change in consumption divided by the change in disposable income.
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what pricing tactic involves adding a certain amount to the cost of a product to set the final selling p
The pricing tactic that involves adding a certain amount to the cost of a product to set the final selling price is known as Mark-up pricing.
What is mark-up pricing?Mark-up pricing refers to a pricing tactic that adds a percentage of the product’s cost to determine the final price.
It entails a simple calculation: multiplying the product cost by a certain percentage to determine the price.
As a result, the company's profits are determined by the markup percentage.
In other words, the price of a product is calculated by adding a fixed amount or percentage of the product's cost to its price.
The mark-up percentage is calculated by adding the percentage of the cost of the product that is considered a profit to the total cost of the product.
It can be defined as the difference between the cost of a product and its selling price that is required to cover the costs of production and generate a profit.
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marah's organization consists of an in-house project management staff and an online network of industry professionals. based on this, she is able to conduct business in the united states, europe, and the entire asia-pacific region. marah is an example of .
Marah's organization is an excellent example of a virtual organization because it uses a combination of in-house staff and online professionals to achieve its goals.
Marah's organization, which consists of an in-house project management staff and an online network of industry professionals, has a global reach, enabling her to conduct business in the United States, Europe, and the entire Asia-Pacific region.
This type of organization is known as a virtual organization or a networked organization.
A virtual organization is a collection of geographically dispersed, interdependent entities that are linked together by telecommunications and information technologies to perform complex tasks and functions.
These organizations rely heavily on technology to facilitate communication and collaboration among team members who are located in different parts of the world.
The ability to leverage the expertise of industry professionals from all over the globe allows virtual organizations to operate with greater flexibility and efficiency than traditional organizations.
By doing so, Marah is able to operate on a global scale, expanding her reach and capabilities beyond what would be possible with a traditional organization.
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the short-run aggregate supply curve shifts left if group of answer choices physical capital increases. there is a natural disaster. the government removes some environmental regulations that limit production methods. none of the above is correct.
The short-run aggregate supply curve shifts left if there is a natural disaster. Option A is correct.
This is because a natural disaster can have a significant negative impact on the production capabilities of an economy. When a natural disaster occurs, it may damage or destroy physical capital, such as factories, machinery, and infrastructure, which are essential for the production of goods and services. This reduction in the availability of physical capital leads to a decrease in the overall production capacity of the economy, resulting in a leftward shift of the short-run aggregate supply curve.
It is essential to note that the other answer choices provided are not correct in this context. If the government removes some environmental regulations that limit production methods (choice B), it could potentially lead to an increase in production capacity, which would cause the short-run aggregate supply curve to shift right, not left. And finally, choice C) "none of the above is correct" is not accurate because, as explained above, a natural disaster can cause a leftward shift in the short-run aggregate supply curve.Option A is correct.
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what could be the yield to maturity for a 3 year bond with a 8% annual coupon if the bond is trading at discount?
The yield to maturity (YTM) for a bond is the total return anticipated on a bond if it is held until it matures.
If a bond is trading at a discount, it means that its current price is lower than its face value, which can occur when the bond's interest rate is higher than the current market rate.
In the case of a 3-year bond with an 8% annual coupon, if it is trading at a discount, its YTM will be higher than its coupon rate of 8%.
The exact YTM calculation involves several factors, including the bond's current market price, its face value, the coupon rate, and the time remaining until maturity.
However, in general, the YTM will be higher than the coupon rate for a bond trading at a discount. This is because the investor is paying less for the bond initially but will still receive the full face value at maturity, resulting in a higher effective interest rate.
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question number 1) in which type of competition do fast-food restaurants operate? a monopolistic competition b private regulated monopoly c private unregulated monopoly d oligopolistic competition e pure monopoly
Fast-food restaurants operate in a monopolistic competition (a).
Fast-food restaurants are an example of a market structure known as monopolistic competition. In a monopolistic competition, many firms sell similar but not identical products, and they compete based on factors such as price, quality, and marketing.
In the case of fast-food restaurants, there are many different firms (e.g. McDonald's, Burger King, Wendy's, etc.) that offer similar products (e.g. burgers, fries, and soft drinks) to consumers.
However, there are also differences in the products and services offered by each firm, such as menu items, marketing campaigns, and store locations. This means that consumers may have preferences for one brand over another based on these differences.
Furthermore, fast-food restaurants are characterized by relatively low barriers to entry, meaning that new firms can enter the market without facing significant obstacles.
This can lead to a relatively large number of firms operating in the market, which can result in intense competition for customers.
The monopolistic competition market structure allows fast-food restaurants to differentiate themselves from their competitors by offering unique products and services, as well as by creating brand awareness through marketing campaigns.
This differentiation can help firms to capture a portion of the market share and to achieve profits, even in a highly competitive market.
However, monopolistic competition also has some drawbacks. The intense competition can lead to price wars, as firms try to undercut each other to attract customers.
This can result in lower profits for all firms operating in the market. In addition, the ability of firms to differentiate themselves through marketing campaigns and branding can lead to an emphasis on non-price competition, which can result in higher marketing costs and may not necessarily benefit consumers.
In summary, fast-food restaurants operate in a monopolistic competition market structure, where many firms offer similar products but compete based on factors such as price, quality, and marketing.
This market structure allows firms to differentiate themselves and capture a portion of the market share, but it also leads to intense competition and the potential for lower profits.
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the following labor standards have been established for a particular product: standard labor-hours per unit of output 8.7 hours standard labor rate $18.10 per hour the following data pertain to operations concerning the product for the last month: actual hours worked 3,800 hours actual total labor cost $67,640 actual output 500 units what is the labor efficiency variance for the month? group of answer choices $11,095 u $9,790 f $9,955 f $11,095 f
The labor efficiency variance for the month is $9,955 favorable.
The labor efficiency variance measures the difference between the actual labor hours used and the standard labor hours allowed for the actual output achieved. The formula for the labor efficiency variance is:
Labor efficiency variance = (Standard labor hours - Actual labor hours) x Standard labor rate
In this case, the standard labor hours per unit of output are 8.7 hours, and the actual output for the month is 500 units, so the standard labor hours allowed are:
Standard labor hours allowed = 8.7 hours per unit x 500 units = 4,350 hours
The actual labor hours worked for the month are 3,800 hours, so the labor efficiency variance is:
(4,350 - 3,800) x $18.10 per hour = $9,955 favorable
Therefore, the labor efficiency variance for the month is $9,955 favorable.
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assume preferred stock of ford motors pays a dividend of $3.50 each year and trades at a price of $30. what is the cost of preferred stock capital for ford?
The cost of preferred stock capital for Ford can be calculated by dividing the annual dividend by the stock's trading price. In this case, the dividend is $3.50, and the stock trades at $30. So the cost would be ($3.50 / $30) x 100 = 11.67%.
The cost of preferred stock capital for Ford Motors is 11.67%. Explanation:Cost of preferred stock can be calculated using the following formula:Cost of preferred stock = Dividend payment / Net issuing price.
Dividend payment is the amount paid per share, which is $3.50.Net issuing price is the amount the company received per share, which is $30.
In this case, the cost of preferred stock capital for Ford Motors is:Cost of preferred stock = $3.50 / $30 = 0.1167 or 11.67%.
Thus, the cost of preferred stock capital for Ford Motors is 11.67%.
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price, variable cost per unit, contribution margin, contribution margin ratio, fixed expense for each of the following independent situations, calculate the amount(s) required. required: 1. at the break-even point, jefferson company sells 115,000 units and has fixed cost of $352,400. the variable cost per unit is $0.20. what price does jefferson charge per unit? note: round to the nearest cent.
At the break-even point, Jefferson Company sells 115,000 units and has fixed costs of $352,400. The variable cost per unit is $0.20. Jefferson charges $3.264 per unit and the price is $3.26 per unit.
Calculate the contribution margin per unit by subtracting the variable cost per unit from the selling price. The selling price is not given, so it needs to be determined.
Calculate the total contribution margin by dividing the fixed costs by the number of units sold at the break-even point.
Find the contribution margin ratio by dividing the total contribution margin by the number of units sold at the break-even point.
Determine the price per unit by adding the variable cost per unit to the contribution margin per unit.
Using the given information, we can calculate the total contribution margin, which is $3.064 per unit.
Determine the selling price, we need to calculate the contribution margin per unit by subtracting the variable cost per unit from the selling price.
After determining the selling price, we can find the contribution margin ratio by dividing the total contribution margin by the number of units sold at the break-even point.
Finally, we can determine the price per unit by adding the variable cost per unit to the contribution margin per unit. Thus, Jefferson charges $3.26 per unit, rounded to the nearest cent.
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the marketing and product development teams at kyle's company meet once each month to brainstorm ideas. this monthly meeting is an example of a(n) blank used at kyle's company. multiple choice question.
The marketing and product development teams at Kyle's company meet once each month to brainstorm ideas. This monthly meeting is an example of a(n) process used at Kyle's company.
A process or a business process is basically a collection of certain tasks which are linked to each other and that basically find their end in the delivery of a particular service or a product to the client. A business process can also be basically defined as a set of activities as well as the tasks which when they are completed will help achieve certain organizational goal.
The one a month meeting between product development as well as marketing teams at Kyle's company are an example of the process which are being used at the company.
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the monopolist's demand curve is group of answer choices upward sloping. perfectly elastic. perfectly inelastic. downward sloping.
Answer:
The demand curve for a monopolist is downward sloping because the marginal revenue is less than the price at every level of output. Therefore, the marginal revenue curve remains below the average revenue curve. The demand curve is the average revenue curve in the monopoly market.
The monopolist's demand curve is downward sloping.
The demand curve of the monopolist is downward sloping.A monopoly is a market structure in which a single supplier or a group of suppliers have full control over a commodity or service. In a monopoly, the firm is the sole supplier of a commodity, and hence there are no close substitutes available for that commodity.
This means that the monopolist's demand curve is downward sloping, since the monopolist has market power that allows them to influence the price of the commodity they produce.As a result, the monopolist may decide to charge a higher price to increase profits since there are no close substitutes available for that commodity, which may cause consumers to shift to the monopolist's product if the price is not too high.In conclusion, the monopolist's demand curve is downward sloping.
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mr. denniston owns a mid-sized business. he sets wages based on the contribution that the employee makes to the business. mr. denniston subscribes to which theory of inequality?
Mr. Denniston's approach to setting wages based on employee contributions aligns with the contribution theory of wages, which values the contributions that employees make to a business above other factors like seniority or education level.
In the case of Mr. Denniston, who owns a mid-sized business and sets wages based on employee contributions to the business, he subscribes to a theory of inequality known as the contribution theory of wages. This theory suggests that wages should be based on the value that an employee adds to a business rather than being tied to factors like education level or seniority.
The contribution theory of wages is often contrasted with other theories of inequality, such as the seniority or merit-based systems. These alternative theories may reward employees who have been with a company for a long time or those who have certain degrees or certifications, even if they may not be adding as much value to the business as other employees.
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food fanatics caters meals where its cost of producing an extra meal is $25. each of its meals sells for $20. at this rate, what should the company do?
Food Fanatics is currently selling their meals for $20 each, but the cost of producing an extra meal is $25. This means that for each additional meal produced and sold, the company is actually losing $5 ($25 cost to produce - $20 revenue from sale).
To address this situation, the company could consider raising the price of their meals to better cover their production costs. Alternatively, they could explore ways to reduce their production costs so that they can maintain their current pricing while still earning a profit.
If the company cannot find a way to increase revenue or reduce costs, they may need to consider whether it is financially viable to continue operating at a loss. They could potentially explore alternative revenue streams or adjust their business model to improve profitability.
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what effects would each of the following have on aggregate demand or aggregate supply, other things equal? a. a widespread fear by consumers of an impending economic depression. (click to select) will (click to select) . b. a new national tax on producers based on the value added between the costs of the inputs and the revenue received from their output. (click to select) will (click to select) . c. a reduction in interest rates. (click to select) will (click to select) . d. a major increase in spending for health care by the federal government. (click to select) will (click to select) . e. the general expectation of coming rapid inflation. (click to select) will (click to select) . f. the complete disintegration of opec, causing oil prices to fall by one-half. (click to select) will (click to select) . g. a 10 percent across-the-board reduction in personal income tax rates. (click to select) will (click to select) . h. a sizable increase in labor productivity (with no change in nominal wages). (click to select) will (click to select) . i. a 12 percent increase in nominal wages (with no change in productivity). (click to select) will (click to select) . j. an increase in exports that exceeds an increase in imports (not due to tariffs). (click to select) will (click to select) .
a. Consumers' widespread worry about an upcoming economic depression will reduce aggregate demand.
b. The aggregate supply will be reduced by a new national tax on producers based on the value added between the cost of the inputs and the money collected from their product.
c. A decline in interest rates will result in a rise in overall demand.
d. A significant rise in federal spending on healthcare will boost aggregate demand.
e. The widespread belief that there would be rapid inflation in the near future will boost aggregate demand in the short term but depress it in the long term.
f. The total collapse of OPEC, which would result in a 50% drop in oil prices, would boost overall supply.
g. A 10% cut in personal income tax rates across the board will boost aggregate demand.
h. A significant rise in worker productivity will boost aggregate supply while leaving nominal wages unchanged.
i. A nominal wage rise of 12% that doesn't affect productivity will result in a reduction in aggregate supply.
j. A rise in aggregate demand will occur when export growth outpaces import growth (and not because of tariffs).
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market failure occurs when a. market price is equal to marginal cost. b. an unrestrained market allocates too many or too few resources to a specific economic activity. c. markets do not
Market failure occurs when "an unrestrained market economy leads to either an under-allocation or over-allocation of resources to a specific economic activity". Option B is correct.
This is resulting in an inefficient allocation of goods and services in the economy.
Market failure can occur due to a variety of reasons such as externalities, public goods, natural monopolies, imperfect information, and market power. In such cases, the free market fails to allocate resources efficiently, resulting in a loss of economic welfare.
For instance, when a firm produces goods that cause pollution, it imposes a negative externality on society, and the market fails to internalize the cost of pollution, resulting in an overproduction of goods that cause pollution.
Similarly, in the case of public goods, the market may underproduce them as firms cannot exclude non-payers from enjoying the benefits of the good. Policymakers may intervene to correct market failures by implementing regulations, taxes, subsidies, or providing public goods themselves.
Option B holds true.
The complete question:
Market Failure occurs when....
A) A good is too expensive for the market to provideB) an unrestrained market economy leads to too few or too many resources going to a specific economic activityC)one good is superior to another and drives it out of the marketD) the stock market experiences a very large lossLearn more about market failure: https://brainly.com/question/26506407
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albert's printing and pressing company is a t-shirt printing shop with four processes: printing (p1), pressing (p2), sealing (s), and finishing (f). the arrival time and processing sequence for three upcoming jobs is shown below. job arrival time processing sequence (processing time in minutes) 1 0 p1(10), p2(20), s(15), f(10) 2 10 p1(10), p2(10), s(15) 3 20 p1(20), s(5), f(10) using the fno rule, what scheduling decision should the dispatcher make at time 45?
The scheduling decision should the dispatcher make using FNO (First Non-delayed Operation) rule at time 45 is processing Job 3's first operation, P1(20).
According to the information provided,
The jobs and their respective arrival times and processing sequences are as follows,
Job 1,
Arrival time = 0, Processing sequence = P1(10), P2(20), S(15), F(10)
Job 2,
Arrival time = 10, Processing sequence = P1(10), P2(10), S(15)
Job 3,
Arrival time = 20, Processing sequence = P1(20), S(5), F(10)
Using the FNO (First Non-delayed Operation) rule,
The dispatcher should prioritize the jobs based on the processing time of their first operation that has not yet started.
At time 45, Job 1 has already arrived and started processing its first operation, P1(10), which has a remaining processing time of 10 minutes.
Job 2 has also arrived and started processing its first operation, P1(10), which has a remaining processing time of 10 minutes.
Job 3 has arrived but has not yet started processing its first operation, P1(20).
Based on the FNO rule, the dispatcher should prioritize Job 3 as it has the highest remaining processing time for its first operation.
Therefore, the scheduling decision at time 45 should be to start processing Job 3's first operation, P1(20).
As it has not yet started and has the highest remaining processing time among the three jobs.
Once Job 3's P1(20) is started, Job 1's P1(10) and Job 2's P1(10) will be the next priority, respectively.
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in the context of decision making process, after a solution is implemented, the next step is to:group of answer choicesrecognize the need for a decisionevaluate alternative courses of actionmonitor the situationcalculate the probability of success
In the context of the decision-making process, after a solution is implemented, the next step is to: "monitor the situation" (option c).
A decision-making process is a sequence of actions taken to determine the best way to solve an issue or make a choice. It includes collecting data, analyzing the data, and selecting the best course of action in a logical order. The steps in the Decision-Making Process are as follows:
1. Identify the problem or issue.
2. Collect data, opinions, and feedback from others.
3. Create alternative courses of action.
4. Consider each course of action's potential advantages and disadvantages.
5. Choose the best alternative, the one with the highest positive outcomes.
6. Implement the solution, which involves making a decision.
7. Monitor the situation to make sure the solution works.
8. Re-evaluate the situation if the solution does not work.
Option C is the correct answer.
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suppose the government imposes a $6 per month tax on cell phone usage. if the demand for cell phone usage is perfectly inelastic, and the supply curve is elastic (but not perfectly elastic), then the price of cell phone usage will: increase by more than $6. increase by exactly $6. increase by less than $6. remain constant.
The price of cell phone usage as per the demand and supply of the cell phone will increase by less than $6.
If the demand for cell phone usage is perfectly inelastic.
It means that consumers are willing to pay the same price for the service regardless of changes in the tax.
This implies, the price of cell phone usage will not increase at all due to the tax.
However, since the supply curve is elastic, the burden of the tax will fall on the suppliers.
They will have to reduce their price to maintain the same quantity of cell phone usage demanded by consumers.
This shows, the price of cell phone usage will increase by less than $6.
Therefore, the price of cell phone usage will increase by less than $6 if the demand for cell phone usage is perfectly inelastic and the supply curve is elastic.
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are americans becoming ruder in their interactions with one another in the business environment? explain and document your reasoning using scholarly and peer reviewed journal articles and/or texts.
According to a survey conducted by Weber Shandwick and Powell Tate, a significant percentage of Americans believe that the US has become less civil in recent years.
The survey showed that 70% of Americans believe that incivility in the workplace has reached crisis levels, and 60% believe that it has significantly worsened in the past few years. The survey also found that incivility in the workplace is not only unpleasant but also affects employee productivity, engagement, and loyalty to the company.
Therefore, it is important for companies to promote a culture of civility in the workplace, not only to improve employee satisfaction and retention but also to enhance the overall productivity and success of the organization.
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forrester company is considering buying new equipment that would increase monthly fixed costs from $612,000 to $693,000 and would decrease the current variable costs of $80 by $10 per unit. the selling price of $140 is not expected to change. forrester's current break-even sales are $1,428,000 and current break-even units are 10,200. if forrester purchases this new equipment, the revised contribution margin ratio would be: sales (57,000 units) $969,000 costs: direct materials$247,600 direct labor 240,000 fixed factory overhead 100,000 variable factory overhead 150,700 fixed marketing costs 110,700 variable marketing costs 40,000 889,000 pretax income $80,000 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:
Using the high-low method, we can calculate the variable cost per unit as the change in cost divided by the change in units:
Variable cost per unit = (Cost at highest activity level - Cost at lowest activity level) / (Highest activity level - Lowest activity level)
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.
To calculate the estimated total fixed cost, we can use the formula:
Total cost = Total fixed cost + (Variable cost per unit × Number of units)
Let's use the data from January and March, which represent the lowest and highest activity levels, respectively. From the table, we know that the total cost for January was $33,400 and the total cost for March was $52,000. We also know that the number of units sold in January was 580 and the number of units sold in March was 1,200.
Using these values, we can solve for the total fixed cost:
$33,400 = Total fixed cost + ($80 × 580)
$33,400 = Total fixed cost + $46,400
Total fixed cost = $33,400 - $46,400
Total fixed cost = -$13,000
$52,000 = Total fixed cost + ($80 × 1,200)
$52,000 = Total fixed cost + $96,000
Total fixed cost = $52,000 - $96,000
Total fixed cost = -$44,000
It appears that the estimated total fixed cost is negative, which is not possible. This suggests that the high-low method may not be appropriate for estimating the fixed costs in this case.
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consider the u.s. market for caribbean cruises. suppose crime rates increase in caribbean ports. explain the effect of this event on the quantity of caribbean cruises demanded and on the demand for caribbean cruises.
The increase in crime rates in Caribbean ports would decrease the quantity of Caribbean cruises demanded and lower the demand for Caribbean cruises.
Safety concerns are a significant factor in the decision-making process for travelers, particularly those traveling with families. An increase in crime rates would lead to a decrease in demand as travelers opt for safer destinations.
Cruise lines would likely respond to the decrease in demand by offering fewer Caribbean cruises, reducing the quantity of Caribbean cruises demanded.
he effect would be particularly pronounced if the increase in crime rates is widely reported in the media, as this would amplify safety concerns and further discourage travelers from booking Caribbean cruises.
Overall, the increase in crime rates would harm the Caribbean cruise market by reducing both the quantity of cruises demanded and the demand for Caribbean cruises
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the controller of jeong company prepared the following projected income statement: line item description amount sales $92,000 total variable cost 69,920 contribution margin $22,080 total fixed cost 8,640 operating income $13,440 required: 1. calculate the contribution margin ratio. note: enter as a percent, rounded to the nearest whole number. fill in the blank 1 of 1 % 2. calculate the variable cost ratio. note: enter as a percent, rounded to the nearest whole number. fill in the blank 1 of 1 % 3. calculate the break-even sales revenue for jeong. note: round your answer to the nearest dollar. fill in the blank 1 of 1$ 4. how could jeong increase projected operating income without increasing the total sales revenue?
The contribution margin ratio is calculated by dividing the contribution margin by the total sales revenue. In this case, the contribution margin is $22,080 and the total sales revenue is $92,000. Therefore, the contribution margin ratio is 24%.
The variable cost ratio is calculated by dividing the total variable cost by the total sales revenue. In this case, the total variable cost is $69,920 and the total sales revenue is $92,000. Therefore, the variable cost ratio is 76%.
The break-even point is the level of sales revenue at which the company's total revenues equal its total costs, resulting in zero profit or loss. To calculate the break-even sales revenue for Jeong, we can use the formula: Break-even sales revenue = Total fixed cost / Contribution margin ratio. In this case, the total fixed cost is $8,640 and the contribution margin ratio is 24%. Therefore, its break-even sales revenue for Jeong is $36,000.
Jeong can increase projected operating income without increasing total sales revenue by reducing variable costs and/or fixed costs. For example, they could negotiate better prices for raw materials or reduce wastage to decrease variable costs. They could also reduce overhead expenses or find more efficient ways of operating to decrease fixed costs.
By reducing costs, they can increase their contribution margin and hence operating income, without increasing sales revenue. Another option could be to increase the selling price of their product, although this would need to be carefully considered to ensure it does not negatively impact sales volume.
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when an investor sells a security for more than the purchase price, the investor earns a(n): a. dividend payment. b. corporate benefit. c. capital gain. d. appreciated interest receipt.
When the selling price of a capital asset, such as a stock, bond, or piece of real estate, is higher than the initial purchase price, a capital gain is the profit made from the sale of the item.
It stands for the difference between the asset's buying price and its selling price.
Dividend payments are payments made to shareholders from a company's earnings. The term "corporate benefit" describes the advantages or benefits that a business may provide to its shareholders, such as discounts or exclusive rights.
The financial term "appreciated interest receipt" is uncommon.
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suppose the cpi in 2020 is 140 and the cpi in 2021 is 164. from 2020 to 2021, jenny's salary rises from $43,000 to $48,000. did jenny's real income increase?
Yes, Jenny's real income increased by 11.43%
To measure this, we have to adjust her salary for the change in the Consumer Price Index (CPI). The CPI represents the cost of goods and services in a given year, so if it rises between two years, it means that goods and services cost more. From 2020 to 2021, the CPI increased by 24 points--from 140 to 164.
Her salary rose by 11.43% (48,000/43,000 - 1 = .1143 or 11.43%), while the CPI increased by 17.86% (164/140 - 1 = .1786 or 17.86%).
Therefore, her real income has risen as her salary increase exceeded the rise in the cost of living.
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if in some year real gdp was $25 billion and the gdp deflator was 68, what was nominal gdp? question 8 options: $2.72 billion. $17 billion. $36.8 billion. $43 billion.
if in some year real gdp was $25 billion and the gdp deflator was 68, nominal gdp is $17 billion.
Nominal GDP can be calculated using the formula:
Nominal GDP = Real GDP x GDP deflator
Substituting the given values in the formula, we get:
Nominal GDP = $25 billion x 68 = $1,700 billion
Therefore, the answer is $17 billion.
GDP stands for Gross Domestic Product, which is a measure of the total value of goods and services produced within a country's borders over a specific period, typically one year. GDP is often used as an indicator of a country's economic performance and is calculated by adding up the value of all final goods and services produced in a country during a given period. GDP can be calculated using three different methods: the production approach, the income approach, and the expenditure approach. While GDP is a widely used measure of economic activity, it does have limitations and does not account for factors such as income inequality, environmental degradation, and unpaid labor.
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in the fast food mini case, speedy taco's practice of selling speedy tacos, speedy burritos, and speedy mexican pizzas, all under the same speedy brand name, is known as .
In the fast food micro case, Speedy Taco's practice of marketing Mexican pies, burritos, and tacos all under the same brand name, is known as Family branding.
Family branding is a marketing tactic that emphasizes pushing the main brand name while simultaneously promoting a family of goods and services. It is also frequently referred to as "umbrella branding," which implies that all branding efforts are carried out under the main brand name. This marketing strategy is very different from traditional marketing and branding efforts that prioritize advertising one product at a time.. The majority of brands that employ this strategy have a strong brand value that they can use to boost competing brands.
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in the fast food mini case, speedy taco's practice of selling speedy tacos, speedy burritos, and speedy mexican pizzas, all under the same speedy brand name, is known as _______________.
distributor offers to sell his 600 widgets to merchant at rate of $2 per widget. merchant emails distributor back stating they need the widgets by friday. is this a valid agreement under the ucc? group of answer choices yes, because the ucc requires the quantity of goods to be exchanged and the price per good. no because this is a requirements contract which requires an explicit deadline under the ucc. yes, because the ucc requires the identification of the offeree and the quantity of the goods to be exchanged. no, because the ucc requires the parties to specify essential terms such as delivery and method of payment.
Yes, this is a valid agreement under the UCC because the UCC requires the identification of the offeree and the quantity of the goods to be exchanged.
In this case, the distributor offered to sell 600 widgets to the merchant at a rate of $2 per widget, which identifies the offeree (the merchant) and the quantity of goods (600 widgets) to be exchanged. The merchant's email stating that they need the widgets by Friday also provides a clear delivery deadline.The distributor made an offer to the merchant by stating the quantity of goods (600 widgets) and the price per good ($2 per widget).
The merchant responded to the offer by specifying their requirement for delivery by Friday.Both parties identified the offeree (the merchant) and the quantity of goods to be exchanged (600 widgets).Though the UCC does not require all essential terms, such as the method of payment, to be specified in the contract, it is advisable for both parties to clarify any missing terms to avoid potential disputes. However, the absence of such terms does not make the agreement invalid under the UCC, as long as the offeree and the quantity of goods are identified.
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firms usually offer their customers some form of trade credit. this allowance comes with certain terms of credit, which affect the cost of asset of sale for the buyer as well as the seller.cold duck manufacturing inc. buys on terms of 4/10, net 60 from its chief supplier.if cold duck receives an invoice for $2,100.98, what would be the true price of this invoice?
The true price of the invoice for Cold Duck Manufacturing Inc. is $2,016.94.
To find the true price of the invoice for Cold Duck Manufacturing Inc., we need to calculate the discount based on the terms of 4/10, net 60.
1. Identify the credit terms:
4/10 means a 4% discount if the invoice is paid within 10 days, and net 60 means the full amount is due within 60 days.
2. Determine the discount:
Since Cold Duck has the option to pay within 10 days and receive a 4% discount, we need to calculate the value of this discount.
Discount = Invoice amount * Discount percentage
Discount = $2,100.98 * 0.04 = $84.04
3. Calculate the true price:
To find the true price of the invoice, we need to subtract the discount from the invoice amount.
True price = Invoice amount - Discount
True price = $2,100.98 - $84.04 = $2,016.94
So, the true price of the invoice for Cold Duck Manufacturing Inc. would be $2,016.94 if they pay within 10 days.
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what strategies are recommended for managers to use to prevent or address sexual harassment in the workplace? (choose every correct answer.)
Sexual harassment in the workplace is a serious issue that can have negative impacts on both the employees and the organization as a whole. To prevent or address sexual harassment in the workplace, managers can take several steps.
To prevent or address sexual harassment in the workplace, managers should:
1. Develop and implement a clear sexual harassment policy
2. Provide regular training and education for employees
3. Establish a reporting system and ensure confidentiality
4. Promptly investigate any reported incidents
5. Take appropriate disciplinary action when necessary
6. Create a respectful and inclusive work environment
7. Regularly review and update policies and procedures as needed.
Finally, managers should regularly review and update their policies and procedures as needed to ensure that they are effective in preventing sexual harassment and addressing any incidents that do occur.
This can help to ensure that the organization is always taking steps to promote a safe and respectful workplace for all employees.
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