The total gross profit on ice cream sales for April, to calculate, we need to first calculate the total cost of goods sold (COGS) and then subtract it from the total revenue.
To calculate the COGS, we need to consider the production costs incurred in April, including direct materials, direct labor, and manufacturing overhead.
We are given that the packaging department transferred 218,000 units and $915,600 of production costs to finished goods.
We can use this information to calculate the cost per unit as follows:
Cost per unit = Total production costs / Number of units
Cost per unit = $915,600 / 218,000
Cost per unit = $4.20
Therefore, the total COGS for the 210,000 units sold in April is:
COGS = Cost per unit x Number of units sold
COGS = $4.20 x 210,000
COGS = $882,000
Now, we can calculate the total gross profit as follows:
Total gross profit = Total revenue - COGS
Total revenue = Price per unit x Number of units sold
Total revenue = $5.70 x 210,000
Total revenue = $1,197,000
Total gross profit = $1,197,000 - $882,000
Total gross profit = $315,000
Therefore, the total gross profit on ice cream sales for April is $315,000.
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the smith family owns 200 shares of elta stock. the company declared a 5% stock dividend. the smiths now own: group of answer choices 410 shares. 210 shares. 420 shares. 205 shares. 200 shares.
The Smith family owns 200 shares of Eta stock. the company declared a 5% stock dividend. then the smiths now own 210 shares
When the company distributes some additional shares to existing shares for shareholders that are known as a Dividend. When the company declared a 5% stock dividend, which means that for every 20 shares shareholders will receive one additional share.
Given data:
Number of shares the Smith family owns in Elta stock = 200
stock dividend = 5%
=200/20
= 10 additional shares.
After the stock dividend, the Smith family will receive 10 additional shares and now they own a total of 210 shares
Therefore, the answer is: 210 shares
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in which antitrust case did the supreme court begin to apply the per se rule to determine whether a firm was in violation of the sherman antitrust act? group of answer choices the standard oil case. the alcoa case. the ibm case. the mit case.
In the Standard Oil case the supreme court begin to apply the per se rule to determine whether a firm was in violation of the Sherman antitrust act. So the option A is correct.
The court found that Standard Oil had engaged in unfair competitive practices and had acquired a monopoly position in the oil industry. This was determined to be a violation of the Sherman Antitrust Act, and Standard Oil was forced to break up into several different companies.
The court's application of the per se rule meant that without any proof of an anti-competitive effect, any practice that unreasonably restrained competition in a particular market was considered to be a violation of the law.
This decision was significant in that it set a precedent for future cases in which the courts would be able to identify and punish anticompetitive practices without having to prove that they caused the market to suffer. So the option A is correct.
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The complete question is:
In which antitrust case did the supreme court begin to apply the per se rule to determine whether a firm was in violation of the Sherman antitrust act?
Group of answer choices
A. the standard oil case.
B. the ALCOA case.
C. the IBM case.
D. the MIT case.
18) regulation of the financial system a) occurs only in the united states. b) protects the jobs of employees of financial institutions. c) protects the wealth of owners of financial institutions. d) ensures the stability of the financial system.
The security of the financial system is ensured by control of the industry. Here option D is the correct answer.
The regulation of the financial system refers to the set of rules and regulations imposed by the government or other regulatory authorities to monitor and control the functioning of financial institutions and markets. The main objective of financial regulation is to maintain the stability of the financial system, which is crucial for the overall health of the economy.
Financial regulation is essential to ensure that financial institutions operate safely and soundly and that they are adequately capitalized and able to meet their financial obligations. It also seeks to protect consumers and investors by promoting fair and transparent practices in financial transactions and by providing safeguards against fraud and abuse.
Financial regulation is not limited to the United States and is a global phenomenon, with many countries having their regulatory bodies and regulations to ensure the stability of their financial systems. While financial regulation may benefit the employees and owners of financial institutions, its primary purpose is to protect the overall health of the financial system and the broader economy.
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in the case of kase v. french and french, as reported by our textbook, the property at the heart of the dispute was a
In the case of kase v. french and french, as reported by our textbook, When france was forced to cede lands to Britain in 1763, it was in Paris. At first, both in America and elsewhere, things did not go well for the English.
After driving General Edward Braddock's force away from the Duquesne Fort by a distance of many miles, the entire frontier became vulnerable to long-lasting attacks by French and Native Americans.
The English did not appear to have any overarching plans, and the colonies could not be coerced into making loyal and enthusiastic contributions to the war effort.Benjamin Franklin's visionary plan for inter-colonial defence and unity was approved by representatives from the eight colonies who gathered at the so-called Albany Congress in 1754. However, that initial plan for voluntary unification was rejected by both the king and the colonial assemblies. Future rebel generations, however, did not disregard his preferences and would once more explore plans for a stronger union.
Complete question:
In the case of kase v. french and french, as reported by our textbook, the property at the heart of the dispute. how and When did the English and French settle their dispute in Canada?
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under perfect competition, any profit-maximizing producer faces a market price equal to its group of answer choices variable costs total costs fixed costs marginal costs
The option d. marginal costs is correct.under perfect competition, any profit-maximizing producer faces a market price equal to marginal costs.
By guaranteeing that their incremental or marginal profit rises, producers can maximise their profit. Since the marginal cost must be subtracted from the marginal revenue in order to calculate the marginal profit, the marginal revenue and marginal cost can both be raised.
The additional money that results from raising the quantity is known as the marginal revenue. The additional revenue "at the margin" is another name for this. Profit is therefore maximised when marginal cost equals marginal revenue, or when marginal profit is equal to zero.
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you want a seat on the board of directors of four keys, incorporated. the company has 255,000 shares of stock outstanding and the stock sells for $48 per share. there are currently 3 seats up for election. if the company uses cumulative voting, how many shares do you need to guarantee that you will be elected to the board?
In guarantee election to the board of directors of Four Keys, Incorporated, you will need to acquire a specific number of shares of stock. Determine the total votes available, we need to know the number of shares of stock outstanding, which is 255,000, and each share has one vote.
Thus, the total votes available are 255,000.
In cumulative voting, each shareholder can allocate their votes to one candidate or distribute them among the candidates.
Since there are three seats up for election, the total number of votes for the seats is calculated by multiplying the total votes available (255,000) by the number of seats (3), which equals 765,000.
Guarantee your election to the board, you need to secure more than 1/3 of the total votes, which is required for each seat.
Calculate this, divide the total votes for the seats (765,000) by 4 to find the 1/4th share, which is required to ensure you have more votes than the other three candidates combined. This equals 191,250 votes.
Secure your election, you need to add one vote to the 1/4th share, which will give you a total of 191,251 votes. This will guarantee your election to the board.
Since each share represents one vote, you will need to purchase 191,251 shares of Four Keys, Incorporated's stock to guarantee your election to the board of directors.
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what is a company's functional currency? group of answer choices the reporting currency of its parent for a subsidiary. the currency of the primary economic environment in which it operates. the currency of the country where it has its headquarters. the currency in which it prepares its financial statements. the currency it chooses to designate as such.
A company's functional currency is the currency of the primary economic environment in which it operates. it is the currency in which the company prepares its financial statements. Options B and D are correct responses.
The functional currency of a company is the primary currency in which the company operates. It is the currency in which the company conducts its business activities, generates revenue, and incurs expenses. A company's functional currency may be different from its reporting currency.
A company's functional currency is the currency that best reflects the economic reality of the company's operations. It is determined by evaluating various factors such as the location of the company's customers, suppliers, and competitors, the currency of the country in which the company's operations are primarily conducted, and the currency in which the company's financial transactions are denominated.
A company's financial statements are prepared in its functional currency. The functional currency of a company may change if there is a change in the primary economic environment in which the company operates. The change in functional currency must be accounted for in the company's financial statements.
Option B and option D are correct answers.
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edward bought a new car for 35000 us dollars (usd). the value of the car depreciates by 17 % each year. how much is the car worth after 5 years?
After 5 years, the car would be worth approximately $13,791.13 in the given case.
After the first year, the value of the car would be:
$35,000 - (17% x $35,000) = $29,050
After the second year, the value of the car would be:
$29,050 - (17% x $29,050) = $24,129.50
After the third year, the value of the car would be:
$24,129.50 - (17% x $24,129.50) = $20,042.77
After the fourth year, the value of the car would be:
$20,042.77 - (17% x $20,042.77) = $16,635.95
After the fifth year, the value of the car would be:
$16,635.95 - (17% x $16,635.95) = $13,791.13
Therefore, after 5 years, the car would be worth approximately $13,791.13.
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jun lie frequently attends important events, such as weddings and funerals, in the lives of his employees. he is best described as a
Jun Lie, who frequently attends important events in the lives of his employees, can be best described as a supportive and empathetic employer who values his employees and their personal lives.
By attending important events such as weddings and funerals, Jun Lie is demonstrating his commitment to his employees' well-being beyond just the workplace. He is showing that he recognizes the importance of their personal lives and wants to be a part of it. This can help foster a positive work environment and build trust and loyalty between him and his employees.
Furthermore, Jun Lie's actions also highlight the importance of work-life balance, which is an essential factor in employee satisfaction and productivity. Employees who feel supported by their employer in their personal lives are more likely to be engaged and motivated in their work. Overall, Jun Lie's actions suggest that he is a compassionate and caring employer who understands the value of supporting his employees beyond the workplace. Such employers can help create a positive work culture and contribute to the success of their business in the long run.
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according to the model of firm behavior introduced in the video, what is the main motivation for firms' actions?
The main motivation for firms' actions, according to the model of firm behavior, is to maximize profits.
This model assumes that firms are profit-maximizers, and they seek to produce the level of output that will generate the highest possible profits.
In order to achieve this goal, firms must make decisions on various factors such as pricing, production, investment, and resource allocation. These decisions are based on the analysis of costs, revenues, and market conditions.
Firms must also consider their competition when making decisions. The model of firm behavior assumes that firms operate in a competitive market where they have little control over prices.
Therefore, firms must find ways to differentiate themselves from their competitors by offering unique products, improving product quality, or reducing production costs.
Furthermore, the model of firm behavior assumes that firms are rational and have access to all relevant information. Firms use this information to make informed decisions and adjust their strategies in response to changes in the market.
By maximizing profits, firms can achieve long-term sustainability and growth.
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Complete question is:
According to the model of firm behavior, what is the main motivation for firms' actions?
when the market interest rate decreases, the bond: group of answer choices maturity period decreases. yield to maturity increases. price increases. current yield increases. coupon rate decreases.
When the market interest rate decreases, the bond price increases.
This is because when the market interest rate decreases, the bond's fixed interest payments become more attractive to investors compared to other investments, causing demand for the bond to increase. As a result, the bond price increases to match the higher demand, and the bond's yield to maturity decreases. The current yield of the bond also decreases because it is based on the bond's fixed coupon rate, which remains the same even as the bond price increases.
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internal service funds select one: a. should be presented in the proprietary fund statements in a single column. b. should be presented in the governmental fund statements in a single column. c. should be presented in multiple columns (one for each major fund) in a separate set of fund statements. d. need not be reported in the fund statements.
Internal service funds should be presented in multiple columns (one for each major fund) in a separate set of fund statements. The correct option is C.
Internal service funds are a type of proprietary fund that is used to account for services provided by one department or agency to other departments or agencies within the same government entity. Since these funds are used for internal purposes only, they are not reported in the governmental fund statements. Instead, they are reported in a separate set of fund statements known as the proprietary fund statements, where they should be presented in multiple columns for each major fund to provide more detailed information about their financial activities.
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for a business needing millions of dollars of capital, wanting only a few owners to manage the business, and expecting to lose money in its early years, what business form would be particularly attractive?
A business form that would be particularly attractive for a business needing millions of dollars of capital, wanting only a few owners to manage the business, and expecting to lose money in its early years is the limited partnership.
A limited partnership is a company in which a general partner manages the company and limited partners contribute cash or property and share in the profits or losses of the business. The general partner is also personally liable for all of the business's debts and obligations, whereas the limited partners are only responsible for debts up to the amount of their investment.
A limited partnership is a form of partnership that is suitable for companies with large amounts of money and that want only a few owners to manage the company, as it allows for a separation of management and ownership. Furthermore, it is appealing to companies that anticipate losing money in their early years because limited partners' financial obligations are limited to the amount of their investment.
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which experiences or strengths did lbj bring to the presidency? choose all answers that are correct. responses lbj's congressional experience had taught him how to get bills passed by congress. lbj's congressional experience had taught him how to get bills passed by congress. people said that lbj had a great deal of charm. people said that lbj had a great deal of charm. lbj's business contacts provided funding for his war on poverty. lbj's business contacts provided funding for his war on poverty. lbj was energetic and hard working. lbj was energetic and hard working. lbj wanted to be the best president ever.
LBJ was enthusiastic and dedicated, LBJ wanted to be the best president ever, and Many felt LBJ had a lot of charisma. His time in House had taught him how to get measures passed by Congress.
He was successful in passing the Clean Air Act, the Civil Rights Act of 1964, and a large tax decrease after becoming office. After the election of 1964, Johnson implemented far more extensive reforms. The Social Security Amendments of 1965 created two government-run healthcare systems, Medicare and Medicaid. Although the United States had been stationing military advisers in South Vietnam since the 1950s, Johnson oversaw a significant expansion of the country's involvement in the conflict. He gained Senate authorisation to employ military force to thwart North Vietnamese aggression after the 1964 Gulf of Tonkin incident. That's because the Wabash Cannonball, a B-26 that was shot down by Japanese forces in New Guinea, cost the future president his observer seat due to a bladder issue.
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which of the following could be a component of other comprehensive income (loss)? a.gains or losses on extraordinary items b.realized gains or losses from sale of investments in available-for-sale securities c.translation adjustments from converting the financials statements of a company's foreign operations into u.s. dollars d.warranty liability adjustments
Relevant component of other comprehensive income: Realized gains or losses from the sale of investments in available-for-sale securities could be a component of other comprehensive income (loss). Option B
Comprehensive income is the total change in equity that comes from the transactions, events, and circumstances that are not from owner's investment or dividend. It includes items of revenue, expenses, gains, and losses that are excluded from net income.Gains or losses on extraordinary items can't be a component of other comprehensive income (loss). An extraordinary item is an item that is considered to be unusual and infrequent in occurrence.
A warranty liability adjustment is a component of expense and not comprehensive income.Translation adjustments from converting the financial statements of a company's foreign operations into US dollars are a component of cumulative translation adjustment (CTA), which is a component of comprehensive income but not a component of other comprehensive income (loss).Hence, Realized gains or losses from the sale of investments in available-for-sale securities is a relevant component of other comprehensive income (loss). Option B
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your pharmaceutical company delivered the wrong shipment of medication to a chain of pharmacies. you need to write to the pharmacies to acknowledge the mistake. what tips should you remember when writing the letter? check all that apply. explain how you will rectify the situation. apologize with sincerity. avoid responsibility. make misleading promises.
It is important to remember to explain how you will rectify the situation and apologize with sincerity. You should avoid shifting responsibility or making misleading promises.
Check all that apply when writing the letter to acknowledge a mistake made by a pharmaceutical company that delivered the wrong shipment of medication to a chain of pharmacies: Explain how you will rectify the situation. Apologize with sincerity. Avoid responsibility. Make misleading promises. In situations like these, it is important to take responsibility for the mistake and express a willingness to correct it. The letter should include an explanation of the mistake, an apology for the inconvenience it may have caused, and a clear plan of action for how the situation will be rectified.
It is also important to avoid making any misleading promises that cannot be fulfilled, as this can damage the trust between the pharmaceutical company and the chain of pharmacies.
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martin began saving $5,000 per year from age 25 to age 35 (ten years) and then invested the funds for another 30 years. bob began saving at age 35 and saved $5,000 each year until he tired at age 65 (30 years. ) what rate of return will martin and bob have the exact same balance at age 65
Martin and Bob will calculated to have the same balance at age 65 if they both earn an annual interest rate of 8.24%.
To find the rate of return at which Martin and Bob will have the same balance at age 65, we can use the future value formula for a lump sum investment:
FV = PV x (1 + r)ⁿ
where FV is the future value, PV is the present value, r is the annual interest rate, and n is the number of years.
For Martin, the present value (PV) is the total amount he saved in the first 10 years, which is:
PV = 10 x $5,000 = $50,000
We can calculate the future value of Martin's investment after 30 years using the formula:
investment = $50,000 x (1 + r)³⁰
For Bob, the present value is the total amount he saved over 30 years, which is:
PV = 30 x $5,000 = $150,000
We can calculate the future value of Bob's investment using the same formula:
investment = $150,000 x (1 + r)³⁰
To find the rate of return (r) at which Martin and Bob will have the same balance at age 65, we can set investments of both and solve for r:
$50,000 x (1 + r)³⁰ = $150,000 x (1 + r)⁰
Simplifying this equation, we get:
(1 + r)³⁰ = 3
Taking the 30th root of both sides, we get:
1 + r = 1.0824
Subtracting 1 from both sides, we get:
r = 0.0824 = 8.24%
Therefore, Martin and Bob will have the same balance at age 65 if they both earn an annual interest rate of 8.24%.
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lagstaff company has budgeted production units of 9,100 for july and 9,300 for august. the direct materials requirement per unit is 2 ounces (oz.). the company has determined that it wants to have safety stock of direct materials on hand at the end of each month to complete 20% of the units of budgeted production in the following month. there was 3,640 ounces of direct material in inventory at the start of july. the total cost of direct materials purchases for the july direct materials budget, assuming the materials cost $1.15 per ounce, is:
The total cost of direct materials purchases for the july direct materials budget, assuming the materials cost $1.15 per ounce, is calculated to be $7,074.
First, we need to calculate the total direct materials required for production in July and August, including the safety stock:
July direct materials required = 9,100 x 2 oz. x 1.2 = 21,840 oz.
August direct materials required = 9,300 x 2 oz. x 1.2 = 22,320 oz.
Next, we need to calculate the direct materials to be on hand at the end of each month:
July direct materials on hand = 21,840 oz. - (9,300 x 2 oz. x 0.2) = 19,320 oz.
August direct materials on hand = 22,320 oz. - (9,100 x 2 oz. x 0.2) = 20,320 oz.
Finally, we can calculate the direct materials to be purchased in July:
Direct materials to be purchased in July = July direct materials required - July direct materials on hand + direct materials in inventory at the start of July
Direct materials to be purchased in July = 21,840 oz. - 19,320 oz. + 3,640 oz. = 6,160 oz.
The total cost of direct materials purchases for July is:
Cost = Direct materials purchased x Cost per ounce = 6,160 oz. x $1.15/oz. = $7,074.
Therefore, the total cost of direct materials purchases for the July direct materials budget is $7,074.
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the purchase is generally recorded in the financial statements when which of the following activities takes place? multiple choice send payment. receive items. place purchase order. request prices and availability.
When the purchase order is placed, the purchase is generally recorded in the financial statements.
Purchasing is the activity of acquiring products or services from an external source to support the company's operations. This is usually done by creating a purchase order (PO), which is a document that includes the item, amount, delivery date, and other terms of the purchase.
How do you record purchases in financial statements?The following steps will help you record purchases in financial statements:
You need to choose a method of inventory accounting, such as First In First Out (FIFO), Last In First Out (LIFO), or Weighted Average.
Creating a purchase order is the next step. Purchases are made by creating purchase orders, which are documents that contain the details of the goods or services ordered. The order includes the item, amount, delivery date, and other terms of the purchase. The purchaser prepares the purchase order, which is then submitted to the supplier.
After that, you should receive the goods or services ordered. The purchaser receives the goods or services ordered once the order has been completed. This also includes double-checking the details of the order received with the details on the purchase order. Invoice processing is the next step. The invoice is then sent to the purchaser by the supplier. The invoice specifies the goods or services received, as well as their price and any taxes, shipping, and handling costs.
Once you have received the invoice, make a payment. The purchaser prepares and sends the payment to the supplier once they have received the invoice. After that, the purchaser enters the transaction in their accounting system.The recording of purchases involves recording purchases in the financial statements. Purchases are recorded in financial statements when the purchase order is placed.
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the justification that presents the economic, technical, operational, schedule, legal and contractual, and political factors influencing a proposed information systems project is called:
A project proposal is a document that outlines the details of a proposed information systems project. It justifies the project and presents the economic, technical, operational, schedule, legal and contractual, and political factors that can influence the project's success.
Operational factors refer to the impact of the project on the organization's operations. The proposal should explain how the project will improve or change the organization's processes and procedures.
Schedule factors refer to the timeline of the project. The proposal should outline the project's milestones and deliverables and provide a timeline for completing the project.
Legal and contractual factors refer to the legal and contractual obligations associated with the project. The proposal should outline any legal or contractual requirements that must be met to complete the project.
Political factors refer to the impact of the project on the organization's stakeholders. The proposal should explain how the project will affect the organization's stakeholders and how the organization plans to manage any potential conflicts.
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how much would you pay for a u.s. treasury bill with 106 days to maturity quoted at a discount yield of 2.30 percent? assume a $1 million face value. (enter your answer in dollars not in millions. do not round intermediate calculations. round your answer to 2 decimal places.)
The amount that will be paid on the US treasury bill is $993227.78
A Treasury Bill (T-Bill) is a short-term U.S. government financial commitment with a maturity of one year or less and is supported by the Treasury Department. Treasury bills are usually sold in denominations of $1,000. However, some can reach a maximum denomination of $5 million in non-competitive bids. These securities are widely regarded as low-risk and secure investments.
Face value = $10000000
Interest = 2.3%*1000000*106/360
= $6772.22
Amount = face value - interest
= $1000000 - $6772.22
= $993227.78.
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which of the following summarizes the findings presented in the memo? tariffs on mexican automobiles impose little cost on mexico, since only about a third of their value originates in mexico. protectionism can be self-defeating, given the extent of integration of global supply chains. global supply chains should be dismantled, since they undermine the effectiveness of tariffs. the globalization of supply chains has led to lower employment and decreased productive efficiency.
The globalisation of supply chains makes it possible to move commodities made in one region of the world to another region, and in fact,
How does the supply chain impact globalisation?Availability of equipment, a lack of skilled workers, and the spillover effects of global bottlenecks are the three main problems that face global supply chains.
Which obstacles do globalization's supply chains face?These products must traverse international borders in order to reach as many markets as possible. Supply chains are essential for global markets because without them, the products that suppliers manufacture could not effectively reach global markets.
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in a corporation, the stockholders' potential loss is multiple choice question. limited to the amount of the investment. unlimited with responsibility for all corporate losses. limited to the amount of net income.
In a corporation, the stockholders' potential loss is a. limited to the amount of the investment.
A corporation is a form of organization that is owned by shareholders who have invested money in the business, they elect the board of directors and make major business decisions. When a company is formed, it must decide whether to be a sole proprietorship, a partnership, a limited liability company, or a corporation. The most significant benefit of forming a corporation is that the shareholders' personal assets are shielded from the corporation's debts and liabilities. It implies that if the corporation goes bankrupt or is sued, the shareholders' assets will be protected because they are considered separate entities from the corporation.
In a corporation, a stockholder's potential loss is limited to the amount of the investment, in other words, shareholders are not liable for corporate debts, and their risk is limited to the amount of their investment. If the corporation goes bankrupt or is sued, shareholders will not be held responsible for the company's debts, and they will only lose the amount of money they invested in the corporation. In a corporation, the stockholders' potential loss is a. limited to the amount of the investment.
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which of the following correctly explain why the te curve is upward sloping because the consumption function is upward sloping? check all that apply. keynes assumed that as consumption increases, disposable income decreases. keynes assumed that as disposable income changes, consumption changes in the same direction but by less. keynes assumed that consumption and disposable income move in the same direction, but consumption changes by more. keynes assumed that as consumption decreases, disposable income increases.
None of the options provided correctly explain why the TE (Total Expenditure) curve is upward sloping.
Because of the multiplier effect in Keynesian economics, the TE curve has an upward slope. The multiplier effect postulates that changes to autonomous expenditures (like investment or government spending) will have multiplied effects on overall expenditures and ultimately on the level of output in the economy. An upward sloping TE curve results from an increase in autonomous expenditures, which also causes an increase in total expenditures and a leveling off of output.
A crucial aspect of Keynesian economics is the consumption function, which connects consumption to disposable income, but it is not the only explanation for the upward-sloping TE curve. Changes in consumption do impact the economy's level of output, but the multiplier
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when a firm ignores the opportunity cost of capital when making investment or shutdown decisions, this is a case of
The answer is c. Hidden-cost fallacy. A hidden-cost fallacy occurs when a company decides to invest or close down without considering the potential cost of capital.
The sunk cost fallacy describes our propensity to carry on with a project we've put money, time, or effort into, even if the current costs outweigh the benefits. Even though the phrase sounds like technical jargon, it is a frequent mistake in both personal and professional decision-making.
The Sunk Cost Fallacy describes our propensity to continue with a project after devoting time, money, or effort to it, regardless of whether the current costs outweigh the benefits.
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Note that the full question is :
When a firm ignores the opportunity cost of capital when making investment or shutdown decisions, this is a case of
a. Fixed-cost fallacy
b. Sunk-cost fallacy
c. Hidden-cost fallacy
d. None of the above
in 2020, kendall ford, an automobile dealership, spent $20,000 on a new car lift for its repair shop, $2,000 on a new copy machine for its sales division, and $600,000 on ford motor company stock. unsold cars and trucks were valued at $400,000 on january 1, 2020 and unsold cars and trucks were valued at $900,000 on december 31, 2020. what is kendall ford's total investment spending in 2020?
In 2020, Kendall Ford's total investment spending is $622,000. Investment spending refers to the amount invested in capital goods, such as machinery, equipment, factories, and buildings, that are used to generate future production.
When companies invest in new plants and equipment, they are expanding their productive capacity, which may result in higher sales and profits. Investment spending is classified into three categories: residential investment, business investment, and inventory investment.
Solution In 2020, Kendall Ford's total investment spending can be determined by adding up the cost of the new car lift for its repair shop, the new copy machine for its sales division, and the purchase of Ford Motor Company stock.
The total investment spending is given by: Total investment spending = Cost of new car lift + Cost of new copy machine + Cost of Ford Motor Company stock= $20,000 + $2,000 + $600,000= $622,000 Therefore, Kendall Ford's total investment spending in 2020 is $622,000.
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private equity fields include a. leveraged buyouts (lbos) b. all of the options c. hedge funds d. venture capital
All of the options listed in the answer choices are private equity fields. B is the correct option .
In general , Private equity is known as the investments made in private companies and these are not publicly traded on a stock exchange. Private equity firms typically invest in companies those are having high growth potential.
LBOs involve acquiring a company using a significant amount of borrowed funds, that focus on improving the company's operations and selling it for a profit. Hedge funds are investment funds that use a range of strategies, including private equity investments, to generate high returns for investors. Venture capital involves investing in startup companies with high growth potential.
Hence, B is the correct option
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coleman manufacturing co.'s static budget at 10,000 units of production includes $40,000 for direct labor and $6,000 for electric power. total fixed costs are $20,000. at 12,000 units of production, a flexible budget would show a.variable and fixed costs totaling $79,200. b.variable costs of $55,200 and $24,000 of fixed costs. c.variable costs of $46,000 and $20,000 of fixed costs. d.variable costs of $55,200 and $20,000 of fixed costs.
The budget for variable costs is then $12,000 units (12,000 x $4.60), or $55,200 and Fixed cost is $20000.The variable costs and fixed costs are calculated to find the cost of production. Thus,option d is correct
The variable cost per unit is used in a flexible budget, and the actual units are multiplied by this variable cost per unit. Direct labour costs of $40,000 and electric costs of $6,000 make up the variable expenditures.
As a result, the total variable costs are $46,000. These costs are then divided by 10,000 units to yield a variable cost per unit of $4.60. The budget for variable costs is then $12,000 units (12,000 x $4.60), or $55,200. By definition, fixed costs remain constant across all levels of production.
Direct labour costs of $40,000 and electric costs of $6,000 make up the variable expenditures. Variable cost is equal to 4.6 times $12,000.
$2000 is the total fixed cost.
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suppose with the pre-2018 corporate tax rate structure a c-corporation business pays 15% tax on its first $50,000 income, 25% tax on income above $50,000 but below $75,000, and 34% tax on income above $75,000. suppose the business earns $75,000 in income this year. its average tax rate is closest to . selected answer: d) 18% answers: a) 22% b) 14% c) 10% d) 18
The average tax rate for the c-corporation business earning $75,000 income under the pre-2018 corporate tax rate structure is d)18.4%.
To calculate the average tax rate, we first need to calculate the total tax paid by the business. For the first $50,000 of income, the tax paid is 0.1550,000 = $7,500. For the remaining $25,000 of income ($75,000 - $50,000), the tax paid is 0.2525,000 = $6,250.
So, the total tax paid is $7,500 + $6,250 = $13,750. The average tax rate is then calculated by dividing the total tax paid by the total income earned, which is $13,750/$75,000 = 0.184, or 18.4%. Rounded to the nearest whole number, the average tax rate is 18.4%.
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burger heaven, inc., conducts a chain-style franchise. this involves the transfer to chester, one of its franchisees, of a license. a trade name. the formula to make a product. the ownership of the business.
Burger Heaven, Inc. conducts a chain-style franchise, which means that they allow others to use their successful business model, brand name, and product formula.
In this case, Burger Heaven, Inc. has transferred a license and trade name to Chester, who has become one of their franchisees. This means that Chester can now use the Burger Heaven name and formula to create and sell their own version of the product.
Furthermore, Burger Heaven has also transferred ownership of the business to Chester, meaning that Chester is now responsible for managing and operating the franchise. Burger Heaven, Inc. may provide support and guidance to Chester to ensure that the franchise operates successfully and maintains the standards of the brand.
Overall, a chain-style franchise is a popular business model that allows companies like Burger Heaven, Inc. to expand their brand and reach more customers through the use of franchisees. It allows for growth and success for both the franchisor and franchisee when executed properly.
QUES: burger heaven, inc., conducts a chain-style franchise. this involves the transfer to chester, one of its franchisees, of a license. a trade name. the formula to make a product. the ownership of the business
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