The asset account among the given options is prepaid rent expense.
Prepaid rent expense is a type of asset account.
What are asset accounts?
Asset accounts are those that represent tangible and intangible assets that the company has acquired and used to generate future economic benefits. In accounting, an asset account is defined as an account that records an entity's monetary value or ownership.
Any economic resource that is controlled by the organization and has a positive value can be considered an asset. Examples of asset accounts include cash, accounts receivable, inventory, prepaid expenses, property, plant, and equipment.
What is a prepaid rent expense account?
Prepaid rent expense is a type of prepaid expense account. The term "prepaid" means that the expense has already been paid but has not yet been incurred. Prepaid rent expense represents the rent amount that has been paid by the entity in advance.
It is recorded as an asset account since it is something of value to the organization that can be utilized in the future. The prepaid rent expense account is decreased when the rent expense is recognized for the period in which it is earned.
To summarize, prepaid rent expense is an asset account that records the advance payment of rent by the entity.
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a popular tv network, qtv, wishes to gain a competitive advantage by managing several businesses from its corporate headquarters. among its goals, qtv hopes to acquire its competitor, rtv, in the process. in this instance, qtv is using which type of strategy? a. business-level strategy b. network-level strategy c. global-level strategy d. corporate-level strategy
QTV is using a corporate-level strategy by managing several businesses from its corporate headquarters and aiming to acquire its competitor, RTV. This strategy is focused on the overall performance of the organization, rather than individual business units.
Corporate-level strategy refers to the strategic management of a company that operates many different business areas. The corporate level's primary aim is to achieve synergy among the different operating business units and leverage its core competencies throughout the enterprise.
QTV, which is trying to gain a competitive advantage by managing several companies from its corporate headquarters and, in the process, plans to acquire its competitor RTV, is using a corporate-level strategy in this case.
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THIS IS FOR ECONOMICS (please help)
What is the United States' current status in this business cycle if you were what tools or policies would you implement to bring the economy back into a growth cycle?
Answer:
CAN YOU RESEATE THIS QUESTION PSL
Explanation:
if raising the price of sweetened beverages would cause the owner to receive less total revenue from the sale of sweetened beverages, the demand for sweetened beverages is
The demand for sweetened beverages is "elastic", meaning that a small change in price leads to a relatively large change in quantity demanded, resulting in a decrease in total revenue when prices are raised. Option D is correct.
This suggests that consumers are sensitive to price changes and have many alternative options to choose from, leading to a significant decrease in demand when prices are raised, and causing the store owner to receive less total revenue.
In this case, the implementation of the tax on sweetened beverages has increased the price of these drinks, causing a decrease in the quantity demanded. The store owner is concerned that if he passes the tax on to customers by raising prices, the decrease in demand would be so great that his total revenue would be lower than if he did not raise prices. This indicates that the demand for sweetened beverages is sensitive to price changes and consumers are likely to switch to alternative options, such as water or unsweetened beverages, when faced with higher prices.
Therefore, the store owner may need to consider alternative strategies, such as offering discounts or promotions to maintain his total revenue.
This question should be provided as:
A convenience store owner in Philadelphia was worried that the implementation of the 1.5 cents per ounce tax on sweetened beverages would cause the quantity demanded to fall by so much that he would be in a worse situation if he passed the tax on to customers by raising prices than if he did not raise prices. If raising the price of sweetened beverages would cause the owner to receive less total revenue from the sale of sweetened beverages, the demand for sweetened beverages is:
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would marx agree that higher wages (such as those brought about by a minimum wage) would solve the issues he is discussing? give evidence.
Marx may not agree that higher wages like those created by a minimum wage would resolve the issues he is discussing.
This is because Marx believed that the working class would never attain true freedom or justice without a radical change in society, such as the overthrow of the capitalist system. He argued that workers were exploited because they were forced to sell their labor to capitalists in order to survive, and that capitalists appropriated the surplus value created by workers.
Marx also believed that the existence of the working class depended on the perpetuation of capitalism, which was ultimately a contradiction because capitalism depended on the exploitation of workers. Marx's solution to this was to abolish capitalism and establish a socialist system in which the means of production were owned and controlled by the working class, and workers received the full value of their labor. In this system, the working class would be able to realize their full potential and achieve true freedom and justice.
Therefore, it is unlikely that Marx would support the idea that higher wages like those brought about by a minimum wage would resolve the issues he is discussing, as they would not fundamentally change the nature of the capitalist system.
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true or false: if the auditor does not receive a confirmation letter from a client customer after requesting a response, she can call the customer to follow up on the confirmation.
True, if the auditor does not receive a confirmation letter from a client customer after requesting a response, she can call the customer to follow up on the confirmation.
Confirmation is a written or oral statement issued by an auditor or other authorized personnel of a company or a client's client (such as a customer, vendor, or lender) verifying the authenticity of a financial or non-financial transaction. Confirmations are most commonly used in the context of an audit engagement to confirm accounts receivable or accounts payable balances, loans or other liabilities, inventory, and the like.
The auditor should be proactive in seeking confirmation from third parties. If the auditor does not receive confirmation from a client's customer, vendor, or other third parties, she must follow up with the third party to obtain the information necessary to complete the audit work. A follow-up request should be made, in writing or by telephone, if the auditor does not receive a reply from a third party within a reasonable time frame.
If the auditor cannot obtain the confirmation after diligent follow-up attempts, she must consider the possibility of a misstatement in the related account balance, transaction, or disclosure when evaluating the financial statements' fairness.
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A Keynesian would say that the economy self-corrects so slowly in a recessionary gap in moving the __________ that an activist monetary policy is called for. (hint: how would the economy self-correct from a recession?)group of answer choicesthe ad curve to the leftthe ad curve to the rightthe sras curve to the leftthe sras curve to the right
A Keynesian would say that the economy self-corrects so slowly in a recessionary gap in moving the AD curve to the right that an activist monetary policy is called for.
A recessionary gap refers to a condition in which an economy's real Gross Domestic Product (GDP) is lower than its long-term potential level. As a result, the economy experiences high unemployment rates and decreased consumption and investment, which are typically associated with recession.
The activist monetary policy: As a result, Keynesian economists argue that the government should take an activist monetary policy in order to stabilize the economy. The objective of this policy is to increase aggregate demand (AD) through a variety of measures that are intended to increase consumption and investment in the economy. Therefore, A Keynesian would say that the economy self-corrects so slowly in a recessionary gap in moving the AD curve to the right that an activist monetary policy is called for.
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lenders that do not securitize the mortgage loans they originate but retain the loans on their books are referred to as
Lenders that do not securitize the mortgage loans they originate but retain the loans on their books are referred to as portfolio lenders.
What are Portfolio lenders?
A portfolio lender is a lender who offers loans that are kept on the lender's balance sheet rather than being sold to the secondary market. This type of lender typically lends only to individuals who fit a certain set of criteria, such as those with excellent credit or a low loan-to-value (LTV) ratio on their property.
In other words, Portfolio lenders hold the mortgage loans they issue rather than selling them to a third party, thereby generating a consistent flow of interest income for themselves. Lenders that hold onto loans as part of their investment portfolio are called portfolio lenders.
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i buy a farm for one dollar. on the day the farmer is scheduled to turn over the deed, he changes his mind. will a court enforce the deal?
No, a court will not enforce the deal.
A contract requires consideration to be enforceable, meaning that the parties must have exchanged something of value. In this case, no real value has been exchanged, since a farm is worth more than one dollar.
To be legally binding, the parties must have had a meeting of the minds, meaning that both parties must have agreed to the terms of the agreement.
Since the farmer has decided to back out, it is clear that a meeting of the minds did not occur. Therefore, the contract is not enforceable in a court of law.
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Government's role in a market economy is ____
The government's role in a market economy is to regulate, promote competition, and provide public goods and services.
What is a market economy?A market economy is a system in which businesses, consumers, and the government work together to determine the prices and production of goods and services. The government's role in a market economy is to establish laws, regulations, and standards that provide for consumer protection and ensure the proper functioning of markets.
Markets are allowed to function freely in a market economy, and prices are determined by supply and demand. The government is responsible for ensuring that the market system operates efficiently and effectively by enforcing laws and regulations that prohibit anticompetitive activities such as price-fixing, collusion, and monopolization.
What are some examples of the government's role in a market economy?The government's role in a market economy includes the following:
Establishing laws and regulations that protect consumers, workers, and the environmentProviding public goods and services such as roads, schools, and parksPromoting competition by regulating monopolies and anticompetitive activitiesProviding subsidies and tax incentives to encourage economic growth and developmentRegulating markets to ensure that they are functioning effectively and efficientlyThe government's role in a market economy is critical because it ensures that businesses operate fairly, consumers are protected, and markets are efficient. The government's role in a market economy varies by country, and it is up to the government to determine what level of involvement is necessary to ensure that markets operate efficiently and effectively.
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which of the following is not essential for the successful implementation of an abc system? multiple choice question. a cross-functional team should be created to design and implement the abc system. top managers must support the abc system. top managers must design the abc system. top managers should ensure that abc data is linked to how employees are evaluated and rewarded.
The option that is not essential for the successful implementation of an ABC system is that "top managers must design the ABC system."
This is because while top management support is critical in implementing an ABC system, they do not have to be the ones to design it. This question is a multiple-choice question, and the options include:A cross-functional team should be created to design and implement the ABC system.
Top managers must support the ABC system.Top managers must design the ABC system.Top managers should ensure that ABC data is linked to how employees are evaluated and rewarded.The implementation of an ABC system requires teamwork, and so the cross-functional team should be created to design and implement the ABC system.
The team will include members from different departments who will work together to develop the system.Top management support is essential in implementing the ABC system. Their support shows that the project is a priority and can help convince other employees to adopt the new system.
The option stating that "top managers should ensure that ABC data is linked to how employees are evaluated and rewarded" is necessary since the ABC system allows for more accurate cost accounting and should impact how employees are evaluated and rewarded.
Therefore, the option that is not essential for the successful implementation of an ABC system is that "top managers must design the ABC system."
an employee who is angry with the boss but takes the anger out on a coworker instead is exhibiting the defense mechanism sublimation. true false
An employee who is angry with the boss but takes the anger out on a coworker instead is exhibiting the defense mechanism sublimation" is a false statement.
Defense mechanisms are a mechanism that our brains use to deal with unpleasant or challenging emotions or situations. These systems help us to cope with everyday pressures in a positive and productive way.
Sublimation is a kind of protection mechanism that involves transforming negative emotions or impulses into more socially appropriate and effective behavior. It's an adaptive and mature reaction, and it's typically regarded as a healthier method of dealing with negative emotions.
So, taking out anger on a coworker in the above statement would not be sublimation as it would not involve the transformation of negative emotions into more socially appropriate and effective behavior. It might be an instance of displacement, which is a defense mechanism that involves shifting or transferring one's feelings, desires, or impulses from one person or thing to another person or thing.
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which of the following drivers simultaneously increases value while lowering cost? multiple choice availability of complements economies of scale innovation superior customer service
Answer: The answer is economies of scale.
Explanation:
Economies of scale are the driver that simultaneously increases value while lowering cost. When a business increases production, it can spread its fixed costs over a larger number of units, reducing the average cost per unit. This results in economies of scale, which can lead to increased value for customers (in the form of lower prices or better quality) while also reducing costs for the business. The other drivers listed - availability of complements, innovation, and superior customer service - can increase value for customers, but they may not necessarily lower costs for the business.
Economies of scale occur when a company is able to increase its production and efficiency, which simultaneously increases value while lowering cost.
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firms that use a multidomestic strategy to do business internationally emphasize . country-comparative advantages. local responsiveness over standardization. global standardization. economies of scale over local responsiveness
The firms that use a multidomestic strategy to do business internationally emphasize local responsiveness over standardization. The Option B is correct.
Why do multidomestic strategy emphasize local responsiveness?A multidomestic strategy is a business approach where a company operates as a collection of independent, autonomous subsidiaries that operate in different markets or regions. One of the key features of this strategy is its emphasis on local responsiveness.
This is because in a multidomestic strategy, each subsidiary is given a significant degree of autonomy to adapt to local market conditions, consumer preferences, and regulatory requirements. By giving local subsidiaries the freedom to make decisions that are tailored to their respective markets, companies can better meet the needs of local customers and gain a competitive advantage over other multinational companies that take a more standardized approach.
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assessment description discuss the highlights of your strategic plan and any modifications that need to be made. what additional information do you need to complete your capstone project paper what is your plan to attain that?
Your strategy for achieving that is the additional information you need to finish your capstone project paper. Tracking your assessment progress toward goals can be made possible by having a strategic strategy in place.
The success of your firm can be directly impacted by each department's and team's progress when they are aware of the overall plan of the business, resulting in a top-down approach to tracking key performance indicators (KPIs). The highlights of your strategic plan are covered in the assessment description, along with any changes that need to be made.
A strategic plan comprising a goal, a strategy, and a tactic can look like this: Objective (what the organization wants): Over the following two quarters, boost online sales by 20%. Strategy (how the organization will obtain it): In the next two quarters, increase internet marketing and social media presence by 25%.
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one way of achieving cost savings by sharing activities among business units is to apply economies of
One way of achieving cost savings by sharing activities among business units is to apply economies of scale.
What is economies of scale?Economies of scale is a concept that refers to the cost advantages that companies can achieve when they produce goods or services on a larger scale, resulting in a reduction in the cost per unit of production. The term is widely utilized in microeconomics and managerial accounting, and it has significant implications for businesses of all sizes.
For instance, businesses may reap significant benefits when they adopt economies of scale. They may achieve cost reductions, which will translate into a lower cost per unit of production, allowing them to generate more profit or sell their products at a lower price to consumers.
Economies of scale is one way of achieving cost savings by sharing activities among business units.
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kyle runs a store that sells small and large space heaters. the large heaters sell for $250 each with unit variable costs of $120, while the small space heaters sell for $80 each with unit variable costs of $30. currently, the small space heaters amount to 2,100 of the units sold, while the large heaters amount to 700 of the units sold. the fixed costs for the store are $126,000. what is the company-wide break-even point in units? select answer from the options below 1,800 units 2,000 units 1,350 units 900 units
To calculate the company-wide break-even point in units, you need to calculate the total revenue needed to cover the fixed costs. Therefore, the break-even point in units is 1,350.
To do this, you need to calculate the total variable cost and total revenue.The total variable cost can be calculated by multiplying the unit variable cost for the small heaters by the number of small heaters sold and then adding that to the unit variable cost for the large heaters multiplied by the number of large heaters sold. Therefore, the total variable cost is $93,600.
The total revenue can be calculated by multiplying the price per unit for the small heaters by the number of small heaters sold and then adding that to the price per unit for the large heaters multiplied by the number of large heaters sold.
Therefore, the total revenue is $263,600.To calculate the break-even point, divide the fixed cost by the contribution margin. The contribution margin is the difference between the total revenue and the total variable cost, which is $170,000.
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who does the board ultimately hold responsible for establishing an erm framework and for managing risks faced by the organizatio
The board ultimately holds the Chief Executive Officer (CEO) responsible for establishing an Enterprise Risk Management (ERM) framework and for managing risks faced by the organization.
Enterprise Risk Management (ERM) Framework is the systematized methodology that organizations use to manage risk. The ERM Framework entails a thorough understanding of the organization's goals and objectives, as well as the risks that could impede their achievement. It involves evaluating the organization's internal and external environment, identifying possible events that may influence the organization's success, and addressing those risks in a structured and coordinated manner through a risk management program.
ERM's goal is to help an organization achieve its objectives by putting in place an efficient risk management system that protects it from unexpected losses or events that could harm it. As a result, the board of directors of an organization is held responsible for establishing the ERM Framework and managing the risks that the organization faces. The chief executive officer (CEO) is also responsible for ensuring that the organization's operations adhere to the ERM Framework and that the organization's risk management policies and practices align with its goals and objectives.
A CEO, or Chief Executive Officer, is the senior executive of an organization, corporation, or agency. They are in charge of managing the company's operations and making strategic decisions. The CEO serves as the company's public face and primary spokesperson. They are ultimately responsible for the company's performance and must work with the board of directors to ensure that the company's vision and goals are achieved.
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premier corporation has an roe of 13 percent and a payout ratio of 15 percent. what is its sustainable growth rate? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Premier corporation has an roe of 13 percent and a payout ratio of 15 percent. Its sustainable growth rate is 11.05%
The highest rate of growth that a business or social enterprise may sustain without using more equity or debt to fund expansion is known as the sustainable growth rate (SGR).
The sustainable growth rate (g) of a company can be calculated using the following formula:
g = (ROE x Retention Ratio)
where ROE is the return on equity and the retention ratio is (1 - payout ratio)
Plugging in the given values, we get:
g = (0.13 x (1 - 0.15))
g = 0.1105
Therefore, the sustainable growth rate of Premier Corporation is 11.05% (rounded to two decimal places).
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jamal earns $160,000 per year and josephina earns $80,000 per year. they both pay the same price to buy the identical automobile and each pays $1,600 in sales tax. in relation to their relative incomes, this is an example of a
As Jamal and Josephina have different income but pays the same amount of sales tax for the identical automobiles, in relation to their relative incomes, this is an example of a regressive tax. Therefore, the correct option is C.
Jamal earns $160,000 per year and Josephina earns $80,000 per year. They both pay the same price to buy the identical automobile and each pays $1,600 in sales tax. In relation to their relative incomes, this is an example of a regressive tax. This is an example of a regressive tax because they both pay the same amount of sales tax ($1,600), regardless of their income.
A regressive tax is a tax system in which the tax rate falls as the taxable amount rises. It is a tax system in which the proportion of income that people of lower incomes pay in taxes is higher than the proportion of income that people of higher incomes pay in taxes.The sales tax system is usually regressive because it is the same percentage regardless of the taxpayer's income level. For example, if two individuals, one making $100,000 per year and the other making $50,000 per year, buy a car for $20,000, each will pay the same amount of sales tax.
As both Jamal and Josephina pay the same sales tax irrespective of their income, therefore, sales tax is regarded as regressive tax. Option C is the correct answer.
Note: The question is incomplete. The complete question probably is: Jamal earns $160,000 per year and Josephina earns $80,000 per year. They both pay the same price to buy the identical automobile and each pays $1,600 in sales tax. In relation to their relative incomes, this is an example of a a) marginal tax. b) proportional tax. c) regressive tax. d) progressive tax.
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the statistical reorder point is calculated as the average demand during the delivery lead time plus the desired safety stock. true false
The given statement "The statistical reorder point is calculated as the average demand during the delivery lead time plus the desired safety stock is true.
What is Statistical Reorder Point?The statistical reorder point (ROP) is a solution for identifying how much inventory you'll need to stock in order to avoid a stock out,
ensuring that you have enough stock on hand to fulfill customer orders while minimizing costs.
It incorporates delivery lead time and the amount of stock that should be held in reserve to deal with market variations, which are commonly known as safety stock.
Statistical ROP is calculated by adding the average demand during the delivery lead time plus the desired safety stock.
It is a more sophisticated alternative to traditional reorder point calculations because it considers lead time variability and the probability of stock outs.
The act of using a material handling device to place products or raw materials on storage areas such as racks or shelves.
On a conveyor belt, a robot arm or a human operator might assist in material handling.
Statistical Reorder Point (ROP) is a powerful tool for reducing stock shortages, lowering supply chain expenditures, and boosting operational efficiency.
Therefore, the statement "The statistical reorder point is calculated as the average demand during the delivery lead time plus the desired safety stock." is True.
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is the study of how customers derive utility from products or services. a. management b. operations c. economics d. marketing
The study of how customers derive utility from products or service is Marketing.
Marketing is a business activity that aims to create, promote, and distribute goods and services to satisfy customer needs and desires. Marketing aims to create value for customers through the development of innovative products, effective pricing strategies, and efficient distribution channels.
Marketing involves studying customers' needs and desires, as well as the market and the competition, in order to create products and services that meet those needs and desires.
It also involves promoting those products and services to potential customers through advertising, sales promotions, and personal selling.
Marketing is a critical business activity because it helps businesses understand their customers' needs and desires and develop products and services that meet those needs and desires. It also helps businesses create relationships with customers that can lead to long-term loyalty and profitability.
Marketing is a dynamic field that is constantly evolving as customers' needs and desires change, and businesses must be able to adapt quickly to stay competitive in today's fast-paced business environment.
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janet receives $100 with the stipulation that she must split it any way she wants with her friend evelyn. what is the smallest amount of money evelyn must receive such that she will judge the transaction to be fair and not reject the offer?
As per the stipulation, the smallest amount of money Evelyn must receive such that she will judge the transaction to be fair and not reject the offer is $50.
When there is a stipulation like this, it's important to consider the perspective of the person who is receiving the smaller portion of the money. In this case, that person is Evelyn.
We need to find the minimum amount of money that Evelyn would consider fair, so that she does not reject the offer.
One way to approach this is to use the concept of "equal shares." If Janet and Evelyn were to split the $100 equally, they would each receive $50. If Janet were to offer Evelyn anything less than $50, it would likely be perceived as unfair and may result in Evelyn rejecting the offer.
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before the affordable care act, many of the people who were uninsured were unemployed. a. true b. false
Unemployed people before the Affordable Care Act were uninsured because most people, especially low-income earners, found health insurance unaffordable.
Affordable Care Act (ACA): The Affordable Care Act (ACA) is a comprehensive health care reform legislation enacted in March 2010 that aims to enhance access to health care for everyone, especially low-income households and those with pre-existing medical conditions. The Affordable Care Act (ACA) is also known as Obamacare.
The Affordable Care Act (ACA) made healthcare affordable and accessible to everyone, especially low-income earners. As a result, people can access preventive health care and long-term care without the fear of going bankrupt.
The Affordable Care Act (ACA) has improved the health care industry and the economy by providing quality health care to people who previously had none. It has also lowered healthcare expenses for people who were previously uninsured, making it more affordable.
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last year, julie johnson bought one share of common stock for $950. during the year, julie received a $47.50 dividend. earlier today, she sold the stock for $988. what rate of return did julie earn on her investment?
Julie's total return on her investment can be calculated as the sum of the dividend received and the difference between the sale price and the purchase price of the stock:
Total return = Dividend + (Sale price - Purchase price)
Total return = $47.50 + ($988 - $950)
Total return = $47.50 + $38
Total return = $85.50
Julie's rate of return can be calculated by dividing her total return by her initial investment and expressing it as a percentage:
Rate of return = (Total return / Initial investment) x 100%
Rate of return = ($85.50 / $950) x 100%
Rate of return = 0.09 x 100%
Rate of return = 9%
Therefore, Julie earned a rate of return of 9% on her investment.
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Craig Co. sells two products, A and B. Last Year Craig sold 14,000 units of A and 21,000 units of B. Related data are:
Product A Unit selling price: $110 Unit Variable Cost: $70 Unit Contribution Margin: $40
Product B Unit Selling price: $70 Unit Variable Cost: $50 Unit Contribution Margin: $20
What was Craig Co,’s unit contribution margin?
Craig Co.'s overall unit contribution margin is $28.
What is the overall contribution margin?The unit contribution margin for Craig Co.'s products A and B is as follows:
Product A:
Unit Selling Price: $110
Unit Variable Cost: $70
Unit Contribution Margin: $40
Product B:
Unit Selling Price: $70
Unit Variable Cost: $50
Unit Contribution Margin: $20
To calculate the overall unit contribution margin, we need to consider the number of units sold for each product and their respective contribution margins:
Step 1: Multiply the units sold by the unit contribution margin for each product.
Product A: 14,000 units * $40 = $560,000
Product B: 21,000 units * $20 = $420,000
Step 2: Add the contribution margins for both products.
Total contribution margin: $560,000 (Product A) + $420,000 (Product B) = $980,000
Step 3: Add the total units sold for both products.
Total units sold: 14,000 (Product A) + 21,000 (Product B) = 35,000 units
Step 4: Divide the total contribution margin by the total units sold.
Overall unit contribution margin: $980,000 / 35,000 units = $28
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the lease term includes a bargain purchase option that is reasonably expected to be exercised, when does the lease term end for accounting purposes?
The lease term ends for accounting purposes when the bargain purchase option is reasonably expected to be exercised.
The lessee must make an economic decision of either exercising the option or renewing the lease. If the lessee is expected to exercise the option, the lease is considered to have reached its expected termination point and the lease term ends for accounting purposes.
A bargain purchase option is a feature of some lease agreements that allows the lessee to purchase the leased asset at a predetermined price at the end of the lease term.
The lease term ends for accounting purposes when the bargain purchase option is reasonably expected to be exercised. If the lessee is expected to exercise the option, the lease is considered to have reached its expected termination point and the lease term ends for accounting purposes.
This is because the lessee has the right to exercise the option and purchase the asset, which would terminate the lease. If the lessee is not expected to exercise the option, the lease term continues until it is terminated. In that case, the lessee would have to negotiate with the lessor to either renew the lease or terminate it.
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an industry whose average total cost curve shifts upward as the industry expands and shifts downward as the industry contracts is known as a(n) industry.
An industry whose average total cost curve shifts upward as the industry expands and shifts downward as the industry contracts is known as a "decreasing-cost industry."
What is a decreasing-cost industry.?In a decreasing-cost industry, as the industry expands and the total output increases, the per-unit cost of production decreases due to various factors such as economies of scale, lower input costs, and better technology.
This makes it easier for firms to enter the industry and compete, which leads to further expansion and a downward shift in the average total cost curve. On the other hand, if the industry contracts, the per-unit cost of production increases, which leads to a shift upward in the average total cost curve, making it more difficult for firms to operate and compete in the industry.
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if the price of a product goes down from $20 down to $10, and this causes the quantity of the product demanded to increase from 10 units up to 50 units, then the absolute value of the price elasticity of demand for this product is
The price elasticity of demand is a measure of the responsiveness of the quantity of a product demanded to changes in its price. It is computed as the percentage change in quantity required.
divided by the percentage change in price. In this instance, the product's price dropped by 50% (from $20 to $10) but demand soared by 400%. By applying the price elasticity of demand formula, the following formula can be used to determine the price elasticity of demand's absolute value: Price elasticity of demand = (Percentage change in quantity requested) / (Percentage change in price) (Percentage change in price) Price elasticity of demand is equal to [(50 - 10) / 10] / [(20 - 10) / 20] and equals two. The absolute value of the price elasticity of demand is 2,
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Suppose the price of a product initially was $20 and then it decreased to $10. As a result, the quantity of the product demanded increased from 10 units to 50 units. What is the absolute value of the price elasticity of demand for this product?
THIS IS FOR ECONOMICS (please help)
Michelle promised her niece that she would take her to the movies Friday night after work. At lunch the boss informs Michelle that she needs to stay late and complete and post reports that evening. What are the opportunity costs and trade-offs of Michelle using that evening to complete that report for her boss? What ultimately is the deciding factor?
Opportunity costs, one of the most crucial ideas in economics, are produced through trade-offs. Your opportunity cost is the choice you do not make when you make a trade-off.
What is the cost of that decision's recognized trade-off?Every time they spend their resources in one manner and not another, they are forced to make trade-offs. The expense of making a trade-off is known as the opportunity cost.
What does it mean to consider opportunity costs and decision-making trade-offs?The trade-off is a term used to characterize the courses of action given up in order to undertake the chosen course of action. On the other side, the opportunity cost is the price associated with selecting a particular course of action.
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what is the present value of a semi-annual ordinary annuity payment of $7,000 made for 12 years with a required annual return of 5%?
An annuity payment of $7,000 made for 12 years with a required annual return of 5%.is $76,076.17.
The present value of a semi-annual ordinary annuity payment.
We will use the formula to calculate the present value of a semi-annual ordinary annuity payment.
Present value of a semi-annual ordinary annuity payment = Annuity payment
[(1 - (1 / (1 + r/2)^(n*2)))/(r/2)]
Where,
Annuity payment = $7,000r = Required annual return = 5%
0.05n = Number of periods = 12 years
since payments are semi-annual.
Therefore, the number of periods would be 12*2 = 24
Present value of a semi-annual ordinary annuity payment
7,000[(1 - (1 / (1 + 0.05/2)^(24)))/(0.05/2)]
= $76,076.17
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